April 24, 2024 - Bannon's War Room
48:51
Participants
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| Speaker | Time | Text |
|---|---|---|
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unidentified
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What is clear is in this case, Trump is right. | |
| I mean, this is an embarrassment. | ||
| I mean, the fact that we are actually talking about this case being presented in a New York courtroom leaves me in utter disbelief. | ||
| I mean, the arguments today did in fact capture all the problems here. | ||
| You know, you had this misdemeanor under state law that had run out. | ||
| This is going back to related to the 2016 election. | ||
| And they zapped it back into life by alleging that there was a campaign finance violation under the federal laws that doesn't exist. | ||
| The Department of Justice doesn't view it this way. | ||
| But on top of that, you've got these tough factual issues that were laid out well by the Trump team, saying someone else designated this as a legal expense. | ||
| And he was actually paid far in excess of this because this was a legal account. | ||
| But also keep in mind, this is what Hillary Clinton's people did. | ||
| Okay. | ||
| So, Mike, why is it, does the lawyer have a thing to go up now? | ||
| And this is why we need the Republican, every Republican attorney general in the country, every Republican district attorney in the country, all of the House of Representatives, the Senate, ought to be on fire on this topic right now. | ||
| They are leaving Trump hanging out to dry. | ||
| This is one of the biggest outrages I've ever seen in the country. | ||
| They have got, for the first time in the history of this republic, this is how irresponsible they are. | ||
| They have a president of the United States in the docket right there on something that nobody can make any sense of. | ||
| And now they presented it. It's actually dumber. | ||
| And this shows you direct involvement of Garland. | ||
| Do you think that do you think that Adams in this crowd or do you think Alvin Bragg and Big Tish James you put those two together? | ||
| Are you at a three-digit IQ yet? | ||
| Do you think they could have conceived of this Rube Goldberg mechanism? | ||
| I don't know why people are not more on fire with the ridiculousness, the obvious lawfare, which is working because Trump's not on the campaign trail. | ||
| Mike Davis. | ||
| We've been talking about this for 20 months, Steve, since the Mar-a-Lago raid. | ||
| Where the hell are these Republican politicians? | ||
| Where the hell are these House Republicans who actually have subpoena power, who have oversight power, who are committee chairmen, who can cut off their funding? | ||
| Where the hell are these state AGs who can open their own investigations? | ||
| Where the hell are other Republican politicians? | ||
| Why is it Why is it that the Article 3 project was the lonely voice with very few others, with Tom Fitton and very few others, for the first six months after the Mar-a-Lago raid? | ||
| These Republicans thought that they were going to take out Trump with this lawfare. | ||
| The Democrats were going to take out Trump with this lawfare. | ||
| Trump was going to go away and everything's going to go back to normal. | ||
| These Republicans need to wake up. | ||
| First, Trump's the nominee, right? | ||
| He's the nominee. | ||
| Get behind him right now. | ||
| But second, do you really think that these Democrat Democrats are going to stop if Trump goes away? | ||
| Are you that stupid? | ||
| Are you that naive? | ||
| They're going after not only Trump and his top aides like Bannon and Navarro and his lawyers, they're going after January 6th defendants. | ||
| And it's not just the ones who were violent on January 6th. | ||
| They're going after grandmothers who trespassed and took selfies. | ||
| They're going after parents outraged by gender chaos and the resulting rapes in high school bathrooms. | ||
| They're going after Christians, little old ladies and old men praying outside of abortion clinics while they give amnesty to BLM, to Antifa, to Hamas. | ||
| To abortion activists, to trans terrorists terrorizing Catholic churches. | ||
| Wake up, Republicans! | ||
| We've been calling for House Republicans to do Andrew Clyde's rider to cut off federal funding for this lawfare. | ||
| It didn't happen. | ||
| Not only did they not do these renders, they fully funded the Biden Justice Department. | ||
| They fully funded this lawfare. | ||
| Wake up, Republicans. | ||
| What the hell are you doing? | ||
| We are a week and a half into Trump's criminal trial. | ||
| This Judge Merchant is a Democrat Operative. | ||
| He donated to Biden. | ||
| His daughter, Lauren Marchand, has raised $100 million off this criminal case. | ||
| Judge Marchand, if he has the chance, he will put President Trump in prison. | ||
| People need to wake up. | ||
| House Republicans need to wake up. | ||
| State Republican Attorneys General need to wake up. | ||
| Republican governors need to wake up. | ||
| If they take out Trump, our republic is done. | ||
| These are republic-ending tactics. | ||
| It's time to wake up and start fighting back Legally, politically, financially. | ||
| Fight back against this lawfare. | ||
| The only way they're going to wake up is if this audience wakes them up. | ||
| They're not going to do it on their own. | ||
| Because they don't want to do it. | ||
| They're controlled opposition. | ||
| You heard Polly Pockets this morning on Hugh Hewitt. | ||
| They do not want to confront anything. | ||
| They just want to go along. | ||
| Hence, we have nothing, right? | ||
| We've got unlimited spending. | ||
| We have a border that's still wide open. | ||
| Another 10,000 are going to come across today. | ||
| You have all that happening, and Johnson's walking around with this Churchill moment, saying he's talking to NATO generals, and they've convinced him that the Russian army, the KGB Russian army, is going to roll into Warsaw. | ||
| They convinced that idiot of that, and next thing you know, he gets $60 billion going. | ||
| As Reuters reports today, the government there is trying to shut off every possibility of how people are leaving the country. | ||
| They've got, I think, a million men have already left the country in Ukraine, and they're trying to get them back, because nobody wants to volunteer the army, and nobody's going to take the draft call when they put this draft in, because people in Ukraine don't want to fight anymore. | ||
| They've had it. | ||
| And yet we just gave them $60 billion so that Zelensky's oligarchs can grift off the top and have the kickbacks to the Washington politicians in the arms industry. | ||
| This is not that complicated. | ||
| This is not quantum mechanics. | ||
| Pretty straightforward what's going on here. | ||
| Mike Davis, what would you say President Trump should do for this Republican Party? | ||
| Now, he put it out on Truth Social today, they've got to step up. | ||
| He's been incredibly gentlemanly, he's got enough on his plate right now. | ||
| But what would be your recommendation for President Trump? | ||
| What should he do? | ||
| And I don't even know how his lawyers don't stand up and try to go for a mistrial right now. | ||
| I'm not sure anybody, including CNN, actually understands what the charge is and what the crime is. | ||
| They're arguing on CNN with these legal experts even what the crime is. | ||
| And the anti-Trumpers can't even define it. | ||
| What can his lawyers do? | ||
| What can anybody do to try to shut this thing down now? | ||
| President Trump has a really solid legal team of trial attorneys, loyalists, and constitutional lawyers, and they're doing everything they can. | ||
| But remember what they're up against. | ||
| They're up against this Democrat judge who's clearly biased. | ||
| Juan Marchand is clearly conflicted. | ||
| He donated to Biden another anti-Trump cause. | ||
| His daughter is raising money off this trial. | ||
| She's a fundraiser for Biden and Kamala Harris and Adam Schiff and so many other Democrats. | ||
| Even a former federal Clinton judge went on Caitlyn Collins' show on April 5th on CNN and said under New York statute, this judge must recuse. | ||
| He has refused. | ||
| Remember these Democrats, and Trump's tried to appeal all this. | ||
| He gets shut down by these Democrat judges on the appellate courts in New York. | ||
| Here's the problem. | ||
| Don't care if this criminal conviction, this felony conviction of Trump ultimately gets reversed on appeal, and it will. | ||
| It will get reversed, even if it has to go to the Supreme Court of the United States. | ||
| Their sole goal, Alvin Bragg and Matthew Colangelo and Juan Marchand's sole goal is to label President Trump a felon before November 5th, 2024, because they feel that's the only way. | ||
| They see the polling. | ||
| They think that's the only way they can resurrect Biden's dead political body. | ||
| And I would say this, President Trump doesn't need any of this. | ||
| He's a billionaire, former president. | ||
| He had a better life before he was president. | ||
| He had better cars, better planes, better airplanes, better houses. | ||
| He doesn't need this. | ||
| He's fighting this because he knows that our country is going over a cliff. | ||
| With the globalists, with the Marxists, with the corporate interest in this country. | ||
| And that's why they hate Trump, because he doesn't need them. | ||
| He doesn't need them. | ||
| He already has everything he needs. | ||
| And he was going in there fighting for America. | ||
| He's fighting for America first, for real Americans in real America. | ||
| People like my friends and family back in Iowa, in rural America. | ||
| And that's why these globalists, that's why these Marxists, that's why these corporations hate Donald Trump. | ||
| And that's why the Uniparty is trying to destroy him. | ||
| So what we can do for Trump is light up our elected officials, our governors, our senators, our reps, our AGs, and tell them to get off their asses and start doing more to protect Trump. | ||
| Because if Trump goes down, our country is going down. | ||
| If Trump goes down and Biden wins, that means Biden is going to take control of the Supreme Court, and there goes our God-given rights to speak, to worship, To protect ourselves, to associate. | ||
| It is all on the line on November 5th, 2024. | ||
| If you think that the COVID lockdowns were bad or the BLM and Antifa riots were bad, just wait for the Hamas riots. | ||
| Just wait until Biden takes control of that Supreme Court and we are toast as a country. | ||
| You're at the Supreme Court tomorrow. | ||
| Walk me through, give me a preview on this monumental immunity hearing tomorrow. | ||
| Yeah, I will be out there for the war room reporting in front of the Supreme Court, and this is a monumental case before the Supreme Court. | ||
| It's one of the most important cases the Supreme Court will ever hear, and it's this. | ||
| Our Presidents of the United States Any president of the United States, are they immune from criminal prosecution for their official acts? | ||
| Not their personal acts or private acts, their official acts. | ||
| Members of Congress are immune from criminal prosecution for their official acts. | ||
| So are federal judges. | ||
| Why the hell would the president of the United States not be immune from criminal prosecution? | ||
| There's not a Trump derangement syndrome exception in the Constitution. | ||
| And I would say this, If the Supreme Court does not rule the right way and protect the presidency and therefore our country, that means the Trump 47 Justice Department can indict President Obama for capital murder, along with now Judge David Barrett on the First Circuit Court of Appeals, who was his legal advisor at the time, for their drone strike, extrajudicial drone strike on two American citizens, including a minor. | ||
| Capital murder. | ||
| The Trump 47 Justice Department can also indict Biden and Mayorkas and his advisors for their illegal mass parole and release of illegal immigrants into America and the resulting crimes, right? | ||
| Do Democrats, and actually even George W. Bush and Dick Cheney, for their reckless, at best, reliance on intel that led to the Iraq War and hundreds of thousands of deaths, right? | ||
| Do the Democrats, does Liz Cheney, Do these Democrats really want to go down this path where the President of the United States and his advisors are not immune from criminal prosecution for their official acts? | ||
| Because I would say to Liz Cheney, who's now the New York Times favorite pundit, does she want her father Dick Cheney, the vice president at the time, who I would say lied about the intel to go into Iraq? | ||
| Does she want the Trump 47 Justice Department to charge Dick Cheney for his lie about the intel to go into Iraq and the resulting hundreds of thousands of deaths? | ||
| Do we really want to play this game? | ||
| I don't think the United Nations wants to play this game. | ||
| Mike, where can people get you? | ||
| You're putting up content all the time up on Twitter and Getter. | ||
| You've also got the site. | ||
| I want as many people to go as possible. | ||
| You guys are putting lead on the target. | ||
| Clearly, the Biden campaign follows your hits very closely. | ||
| They cut them up because they're nervous. | ||
| They're very nervous. | ||
| Why did they go to the Benny Johnson interview with Mike Davis? | ||
| Why did they go there? | ||
| They're extremely nervous inside the judge. | ||
| They know they've committed crimes. | ||
| They know it's a criminal conspiracy. | ||
| Look at Julie Kelly's reporting. | ||
| They understand what they've done. | ||
| They understand why Matthew Colangelo is in Manhattan. | ||
| Read the Axios article. | ||
| The strongest defense they have is a joke from some guy from, I think, the Southern District from years ago, right? | ||
| They don't have a defense of this. | ||
| And the only reason it's existing is that nobody has the stones to kick down the door and say, guess what? | ||
| We're going after you. | ||
| The hunted are going to become the hunters. | ||
| That is what is at stake here. | ||
| And that's why the same controlled opposition, hapless Republicans for decades and decades and decades went along with Exactly what the radical left and Wall Street and the tech oligarchs wanted to do is why the country's in the situation it is. | ||
| Full stop. | ||
| We're not going to tolerate that. | ||
| We're going to force Jim Jordan and that feckless, hapless staff of his to stand up and be men and go after this. | ||
| Where did they go to get all your content, Mike Davison? | ||
| Thank you for being a patriot. | ||
| First of all, thank you to the Biden campaign. | ||
| You are helping us raise a record number of small dollars this morning at the Article 3 Project. | ||
| So you can go to Article3Project.org, ArticleNumber3Project.org. | ||
| You can donate there. | ||
| I would say to the Biden team, President Biden and all of his advisors, preserve your documents. | ||
| To his outside supporters like Andrew Weissman, don't spill your white wine all over your documents. | ||
| Preserve them because we're coming after you. | ||
| And it's going to be, there's going to be a massive criminal conspiracy investigation because you have been violating many civil rights. | ||
| So you can go to article3project.org, at article3project, on Gitter, Twitter, Truth, and my personal is MRDDMIA. | ||
| And thank you, Steve. | ||
| Weissman, when we connect all your text messages, all your meetings, all your emails, all your conversations, people with DOJ, to all your MSNBC hits, Voila. | ||
| I think you'll see that in a courtroom one day, bro. | ||
| Criminal conspiracy and we're coming for you. | ||
| And I've got you. | ||
| We got a dog on the chain right here named Mike Davis, right? | ||
| A fighting Irishman. | ||
| And when he's let off the chain, all hell's going to break loose. | ||
| Mike Davis, thank you so much for being on here, brother. | ||
| Keep fighting. | ||
| This is outrageous. | ||
| I've talked some of the best lawyers in the country. | ||
| Nobody can figure out what the charges are against Trump. | ||
| They're arguing on CNN, they can't figure it out. | ||
| This is out, we cannot let this stand. | ||
| Short break, Jim Rickards. | ||
|
unidentified
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We rejoice when there's no more, let's take down the CC crew. | |
| Here's your host, Stephen K. Vance. | ||
| Okay, Bayou was just, I think at the White House, saying what great guys McConnell and Johnson are. | ||
| Just want you to take that for and let that settle. | ||
| We're going to have the clip as soon as we can get it into the system. | ||
| Because they're doing his bidding. | ||
| See what you see here. | ||
| See what's going on. | ||
| What actually is going on. | ||
| This is a move against President Trump and this is a move against MAGA. | ||
| And say, well, President Trump supports the thing. | ||
| That's the people around him, the advisors around him. | ||
| And by the way, where are the bodega runs? | ||
| Where are we in a show of force in New York City? | ||
| People associated with the campaign, people who watch this show, people out there in Republican, listen to these pundits and listen to these pollsters right now. | ||
| This thing hangs in the balance. | ||
| Do not think it is a given that we're going to win in November. | ||
| Every day is about your agency and your action on everybody from the president all the way down. | ||
| They're not, look, they have him in a courtroom with a complete made up That people are sitting there going, what is this even about? | ||
| Because they know lawfare works. | ||
| They have him off the campaign trail and they're going to have him off for a while. | ||
| Pecker's the first witness. | ||
| I'm not so sure Pecker is even, Pecker's even, uh, Pecker's even, um, uh, finished. | ||
| I think he's going to go come back tomorrow. | ||
| They're going to, they're dragging, at first you thought they're going to run the tables. | ||
| Now it looks like they're dragging it out. | ||
| One of the reasons is they, they need Trump off the campaign trail. | ||
| We cannot play by conventional rules. | ||
| You have to go not just think out the box, you have to act outside the box. | ||
| You have to let Trump be Trump. | ||
| It's the only way for victory here. | ||
| If you play by the conventional rules, you're going to lose. | ||
| Because now they've blocked off all the conventional stuff and they have traps set. | ||
| These are smart, vicious people. | ||
| This is about control of the greatest power Not just on Earth today, in the history of the Earth. | ||
| Why do you spend so much time on this show? | ||
| This show's not exactly a barrel of laughs. | ||
| Why do you do this? | ||
| Why do you do the activities you do? | ||
| Why do you have the support? | ||
| Why do people write books about you? | ||
| Why do they write books about the precinct strategy? | ||
| Why do they write books about MAGA? | ||
| Why are you in every article, in every paper, every couple of days? | ||
| Why? | ||
| Because you're a political force. | ||
| Why? | ||
| Because you've used your agency. | ||
| Why? | ||
| Because you understand to save this Republic and save this country, you have to. | ||
| It's your call. | ||
| And you owe it to the 13 or 14 generations that came before us. | ||
| Not just to the future. | ||
| Yes, we owe it to the future, but we owe it to the past. | ||
| And you get that. | ||
| And that's why you're here. | ||
| And that's why you do what you do. | ||
| But there is nothing preordained. | ||
| There's nothing preordained. | ||
| Divine Providence, Trump was a providential figure in 16, and I continue to say that the steel that the usurper uses to be in 1600 Pennsylvania Avenue was also providential because you could flip the cards over and see what was going to happen on the commons up in Columbia. | ||
| And I do disagree with John Katzmantz, who I love. | ||
| I do disagree. | ||
| The faculty are the agitators. | ||
| They're not outside agitators. | ||
| They're inside agitators. | ||
| People got to understand. | ||
| Yes. | ||
| These are tough questions. | ||
| I realize they're hard. | ||
| And sometimes people's feelings going to get hurt, but we're fighting for the greatest most powerful nation on earth. | ||
| They're going to be feelings hurt and they're going to be more than feelings hurt. | ||
| They're trying to send Trump to prison for 700 years and they got 20 right up there. | ||
| 20 years they got up there in New York. | ||
| And Jim Jordan can't get off his ass and get his staff on point here? | ||
| Well, we're going to hound him until he does. | ||
| I hate to say that. | ||
| I got better things to do. | ||
| We have better things to do. | ||
| I don't like doing this, but we have to do this. | ||
| That's our Dharma. | ||
| That's our duty. | ||
| And we're going to continue to do it. | ||
| And people go, well, can't you say anything positive? | ||
| I would love to be able to talk about the sunlit uplands. | ||
| I'd love to be able to have everybody in for a group hug. | ||
| I'd love to be able to tell people, oh, it's all going to be fine. | ||
| It's not going to be fine. | ||
| Only your actions going to make it fine. | ||
| Now, on top of everything else, what they approved the other day is this repo act. | ||
| Another one they kind of slipped in there. | ||
| Brother Rickards joins us right now. | ||
| You've written an incredible, I don't know, seven page dissertation on this. | ||
| Tell us what we did, because this is the rule of law crowd. | ||
| This is the MAGA is chaos. | ||
| MAGA is anarchy. | ||
| MAGA hates the post-war international rules-based order. | ||
| They're isolationist. | ||
| These white Christian, Dominionists, all just want to go home and let the world be what it is. | ||
| They want to get out of NATO and want to do all this. | ||
| The underpinnings of that entire thing is the Bretton Woods, the dollar as the prime reserve currency. | ||
| And yes, we can have a debate of whether we want to do that or want to be that. | ||
| Okay, and that is a good debate to have, and we will have the debate over the coming years. | ||
| But if you just all of a sudden yank it, we're going to become Argentina. | ||
| Because as hard as it is to sell these treasury securities today, It's going to be impossible. | ||
| If every transaction in the world does not have to be converted into a dollar, it's going to be impossible. | ||
| And they have established, given their hatred of the Russian people, they, and you got to question why they, the same guys that love the Bolsheviks, the same guys that love the Soviets, the same guys that fought Reagan, you know, Jamie Raskin, the red diaper babies, and, you know, Jamie Raskin's dad and all the traitors to the country back then, why are all their kids all, you know, | ||
| Loving up on NATO and all of a sudden, you know, the same people that hated the Soviets or loved the Soviets and supported them and hated Reagan, why are they the biggest anti-Russians right now? | ||
| Jim Rickards, how deadly is this thing we just passed that Mike Johnson and Mitch McConnell allowed to pass? | ||
| It's awful, Steve. | ||
| We're talking about the Repo Act. | ||
| You know, this bill came along. | ||
| Johnson, Mike Johnson, broke it into five parts. | ||
| Forget the border part, that wasn't going anywhere. | ||
| But he had Taiwan, Israel, Ukraine, and then they said there's this, like, odd lot, you know, bunch of stuff thrown together, and they talk about TikTok and all that. | ||
| Well, buried in that was this Repo Act. | ||
| And everyone was talking about the $61 billion, the military aid to Ukraine. | ||
| I've looked at that. | ||
| I can talk about that. | ||
| But I was entirely focused on the Repo Act. | ||
| The $61 billion doesn't matter. | ||
| Russia's going to win the war. | ||
| They're very far along. | ||
| The Ukrainian front is just collapsing right now. | ||
| The 61 billion is just to kind of get Ukraine to the election. | ||
| That's all the White House cares about. | ||
| I didn't focus very much on that because it doesn't matter. | ||
| Russia is going to win the war. | ||
| But the Repo Act has ramifications that go way beyond that. | ||
| So what it does, it authorizes the President of the United States to seize any Russian assets in the U.S. | ||
| jurisdiction. | ||
| Now, seize means steal. | ||
| We already had a freeze. | ||
| The freeze came on in February 2022. | ||
| Seizing is stealing them, basically taking them. | ||
| So it's confiscation. | ||
| Now, a lot of really interesting subparts of it. | ||
| One is when you steal it, when you take the money, it goes into something called the Ukraine Support Fund. | ||
| Okay. | ||
| Who runs the Ukraine Support Fund? | ||
| Well, they specifically say the State Department, but the Agency for International Development, AID. | ||
| Everybody who knows anything about Washington, AID has always been a propaganda and financial front for the CIA. | ||
| They run around like they're the Peace Corps and they say, you know, pro-American. | ||
| AID is the propaganda and financial front, one of them, for the CIA. | ||
| Who's the head of AID? | ||
| Samantha Power, who was Obama's ambassador to the United Nations. | ||
| Oh my god, oh my god. | ||
| She's back! | ||
| Samantha Power, and she's absolutely, she's one level down maybe from Victoria Nuland of being a rabid Russian hater. | ||
| And this is not about the KGB and the bad guys running the deal, okay? | ||
| This is about the Russian people who were our allies in World War II. | ||
| We haven't banged on Samantha Powers in a while. | ||
| Give the audience, we haven't banged on Samantha Powers in a while, give the audience a quick pracy of who this piece of work is. | ||
| Well, she's married to Cass Sunstein, who was the head of the regulatory office in the Obama administration. | ||
| So it's one of these typical, you know, Washington progressive power couples. | ||
| She was born in London. | ||
| She grew up in Ireland, finally made her way to the United States. | ||
| She's exactly as you described, Steve. | ||
| She's got all the right credentials, you know, Harvard and all that stuff. | ||
| But she's a warmonger. | ||
| She is, as you say, one notch below Victoria Nuland. | ||
| But funding for the Obama administration at the United Nations during what? | ||
| Benghazi? | ||
| How many fiascos did the Obama administration have? | ||
| The red line in the sand in Syria? | ||
| Hey, if you guys use chemical weapons, we're coming in strong. | ||
| It's a red line. | ||
| Almost the next day, Assad uses chemical weapons. | ||
| Biden doesn't do anything. | ||
| Sorry, Obama doesn't do anything. | ||
| So that was her track record under Obama. | ||
| With Biden, again, she's back. | ||
| She's the head of, as I mentioned, AIDA, but it's just a front for the CIA. | ||
| So it's more of the same for her, but she's a very seasoned, you know, kind of ultra left-wing progressive embedded now in the Biden administration. | ||
|
unidentified
|
So she'll have- So we've frozen- Hang on one second. | |
| I just want to make sure we're laying this out as we go. | ||
| We have frozen assets. | ||
| For the mullahs in Persia and Tehran, we've frozen assets for a lot of people. | ||
| It's one thing, we've had a freeze in these assets since the beginning of the conflict. | ||
| It's one thing to freeze the assets. | ||
| It's a whole nother thing to seize the assets, which essentially means stealing the assets, convert them into dollars, and then use them for other purposes. | ||
| To your knowledge, have we done that before? | ||
| Have we done that before, Jim? | ||
| Well, World War I, we took Bear Aspen, you know, from Bayer AG, with the big chemical company. | ||
| Yeah, in a few cases, but in extreme situations, I would call World War One, you know, United States versus the German Empire. | ||
| That was one example, but we're not, and I mean, we're supporting the Ukraine war, but just put up a new 61 billion, but we're technically not at war with Russia. | ||
| There's no declaration of war. | ||
| So the answer is no, we don't steal the assets. | ||
| There's too much damage to our credit rating, too much damage to our reputation, to the market, etc. | ||
| That is highly unusual. | ||
| Not only that. | ||
| You might do it from, say, gangsters or a cartel or something like that. | ||
| In a criminal case, with due process of law, the Constitution still applies. | ||
| Here, there's no due process for violating the Sovereign Immunities Act. | ||
| And these are assets that were owned by the Central Bank of Russia. | ||
| It's not some oligarch where we're taking a yacht. | ||
| Yeah, we've done that too. | ||
| This is the Central Bank of Russia. | ||
| Russia is the 11th largest economy in the world, the largest nuclear power, the largest landmass. | ||
| Ninth largest population, major producer of strategic minerals, etc. | ||
| It's a huge power. | ||
| Hang on one second. | ||
| Jim Rickards, Strategic Intelligence. | ||
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| This is a reminder of what America can do when we come together, despite our differences. | ||
| I want to thank everyone in Congress who made it possible, especially the bipartisan leadership. | ||
| Speaker of the House Mike Johnson, Leader Jeffries, Leaders Schumer and McConnell. | ||
| They don't always agree, but when it matters most, they stepped up and did the right thing. | ||
| And I mean this in For all the talk about how dysfunctional things are in Washington, when you look over the past three years, we see that time and again on the critical issues, we've actually come together. | ||
| It hadn't always been easy, but when it's come time to decide to rebuild America, we did it with a bipartisan infrastructure law, which is just underway. | ||
| When it came time to invest in our semiconductor industry and technologies of the future, we did it with the chips. | ||
| Right there. | ||
| When he's giving you a pat on the head, it tells you everything you need to know. | ||
| Sir, I'll take the bet that we are actually not just on the right side of history, we are driving the right side of history. | ||
| We've been right on all this. | ||
| You've had no justification. | ||
| You haven't laid a plan. | ||
| And remember, right now they're working on a budget and they're going to kick in another 20 to 40 billion dollars for Ukraine. | ||
| He's not come forward. | ||
| There's no plan. | ||
| There's defeat on the battlefield. | ||
| The place looks like Dresden because, as Mershimer said, we're going to fight the West. | ||
| The elites in the West are going to fight to the last Ukrainian soldier. | ||
| Well, they can't even get the soldiers because they all split the country. | ||
| Don't take it from me, Reuters, tonight at 6, I can't get it in the morning show, but I'm going to get Ben on here in the evening show. | ||
| We're going to walk through exactly what's going on with manpower there. | ||
| Because the parents got them all out of the country and they ain't getting them back. | ||
| And they don't care about the 60 billion. | ||
| Because they know that's going to be grifted to the oligarchs to go buy more yachts in Monaco. | ||
| I just have a question. | ||
| I want to make sure that we're clear about this because people have a very... It's not the audience's fault. | ||
| It's the way that the myth is put forward. | ||
| With all the valor and all the courage of the greatest generation and all the blood spilled on battlefields from, you know, the South Pacific to the air war over the industrial, you know, Rural Valley. | ||
| All the blood and sacrifice of the greatest generation, of which they wouldn't even talk about it for years and years and years, because that war built to a climax. | ||
| It was a brutal war of attrition that built to a brutal climax. | ||
| In the firebombing of Tokyo, in what happened in the drive to Berlin, in what happened in the Burma campaign, and what happened in Southeast Asia, and what happened in every part of that, but it built and built and built to be a brutal war of attrition. | ||
| Now in that war of attrition, with American blood being spilt everywhere, and getting ready for a, I don't know, it was a 3 million man invasion of the island of Japan, of which they calculated they were going to take 1 million casualties, One million casualties before the top secret project of the atomic bomb was dropped, which we had to drop two because they weren't going to surrender just with one, and they had to believe that we had many. | ||
| We dropped one every other day before they surrendered. | ||
| Jim Rickards, with what happened the other day, with no debate and no discussion, slipped into another bill. | ||
| Did we ever To the Nazi Central Bank and what was funding the war effort of industrial Germany and or Imperial Japan. | ||
| I understand we froze the assets and quite frankly the freezing of the assets, people argue, might have been one of the triggers for Pearl Harbor. | ||
| Did we ever go from freezing their assets, did we ever go to take and basically take their assets, seize their assets, convert it into currency and use it for the war effort against, at the time, the worst enemies the country had ever seen, Jim Rickards? | ||
| No. | ||
| And one of the reasons was at that time, you know, the international monetary system wasn't nearly as integrated as it is today. | ||
| But to the extent it was, it was a gold standard. | ||
| So your money was gold. | ||
| And no, gold was physical. | ||
| You couldn't seize it. | ||
| You kept it in a vault. | ||
| Germany had theirs. | ||
| Japan had theirs. | ||
| We had ours. | ||
| So it was very difficult to do. | ||
| But not only that, but Nazi Germany brokered gold through a Swiss bank. | ||
| The CEO of the Swiss bank was Tom McKittrick, who was an American. | ||
| It was the Bank for International Settlements. | ||
| So here you had an international bank in Switzerland run by an American brokering the Nazi goals. | ||
| So we did business with them. | ||
| Forget about, you know, doing what we're doing to Russia right now. | ||
| And Steve, in this act, this repo act, which you talked about, stealing the assets is bad enough and we can talk about the implications of that. | ||
| But there are two anti-Trump landmines buried in the statute that whoever wrote it knew what they were doing, but I haven't seen any reporting on it. | ||
| One is section 103. | ||
| It says this freeze, this confiscation will stay in place until the president certifies two things. | ||
| Number one, an end to hostilities. | ||
| Well, that's never going to happen because they'll say, unless you leave Ukraine, sorry, unless you leave Crimea, the hostilities are still going on. | ||
| But the second one is that Russia has visibly and demonstrably paid for all the damage in Ukraine. | ||
| Well, that's not going to happen either because Since when does the winner pay reparations? | ||
| It's usually the loser who pays reparations. | ||
| They've got that backwards as well. | ||
| So the point is, no president, including President Trump, if he wins a second term, can offer that certification, which means that the freeze activity never goes away. | ||
| There's another provision, section 104. | ||
| This I found fascinating. | ||
| It says the confiscation power that we're talking about has a five-year sunset. | ||
| Now, it's not unusual to have sunset provisions. | ||
| One year, three years, you know, because Congress likes to revisit these things. | ||
| Why five years? | ||
| It goes to August, uh, 2029, sorry, April, 2029, which is after the Trump administration. | ||
| So they have tied Trump's hands. | ||
| Let's say Trump wins in November. | ||
| He'll be out in January, 2029. | ||
| This thing doesn't expire till April, 2029. | ||
| It's engineered in such a way that Trump can't do anything about it during this entire term. | ||
| And by the way, there's a lot of this going on. | ||
| Everyone talks about the transition. | ||
| Obviously Trump probably bungled the transition in 2016. | ||
| There's a lot of effort underway, Heritage and others, and yourself, to make sure they do a much better job, get the Plumb Book out, get the 3,000 top jobs. | ||
| That's underway. | ||
| But the elites and the Davos crowd, they're looking ahead. | ||
| They see that Trump could very well win. | ||
| So they're not waiting until he wins to start sabotaging. | ||
| They're sabotaging him right now. | ||
| So Jan Stoltenberg is the General Secretary of NATO. | ||
| He's proposed a five-year, $100 billion fund to keep funding the war in Ukraine. | ||
| Why five years? | ||
| Once again, the five years is the magic number because it goes beyond the end of the second Trump administration. | ||
| So he wants a $100 billion fund. | ||
| He wants weapons moved from U.S. | ||
| control to NATO control. | ||
| So now even if Trump's the commander in chief, he's not the commander in chief of NATO, he's the commander in chief of the U.S. | ||
| military. | ||
| So they want the weapons put in a NATO bucket. | ||
| They want $100 billion that goes for five years. | ||
| This Repo Act we just talked about, the sunset provision is five years. | ||
| They see that Trump could very well win, and they're setting up all these landmines that last for five years, so that even if he's president, he can't do anything about it. | ||
| Now, here's my question. | ||
| Mike McCaul, who's the chairman, this bill was written in the House. | ||
| I mean, there was a version of it in the Senate that came over. | ||
| The House controlled this, leaving aside the fact that Mike Johnson could have just said, we're not voting on it. | ||
| He didn't do that, clearly. | ||
| But this bill was written by Republicans, because they control the committees, they control the drafting, etc. | ||
| So the Republicans, or at least a large subset of them, are out to sabotage Trump. | ||
| And this is the kind of thing, sorry to be a lawyer about this, but I am, and I read these things very closely. | ||
| These things are what I call Trump landmines. | ||
| The Davos crowd, the elites, and the rhinos in Congress, the Republicans, and certainly the Democrats, they're out to Trump-proof the world. | ||
| In other words, rig the game today, not next January, but today, so that Trump's hands are tied before he's even sworn in. | ||
| This is one of the reasons, by the way, this is why we're so proud of having Jim Rickards here as a contributor. | ||
| That brilliant analysis, and Jim, I just want to hit rewind. | ||
| So it just, I want it to bathe all over this audience. | ||
| This was a Republican bill written by a Republican house, written by guys like McCall and approved by Johnson and his leadership team. | ||
| Is that correct, sir? | ||
| That's absolutely correct. | ||
| Even if you want to push the bill, you could have struck those provisions or had a one-year sunset. | ||
| A lot you could have done. | ||
| This is Trump-proofing against the fact that Trump might win. | ||
| They will tie his hands in advance. | ||
| Jim, in addition to Trump-proofing, you're the expert. | ||
| You wrote Currency Wars. | ||
| You teach courses on economic warfare and financial warfare. | ||
| You're probably the smartest guy around to tie in geopolitics with capital markets. | ||
| This Repo Act, how dangerous it is for the whole architecture of the post-war international rules-based order, which we're opposed to because it doesn't put America's interests first. | ||
| But as a subset of that, based upon Bretton Woods, and like I said, you just can't pull the plug on that immediately. | ||
| We're called the agents of anarchy and chaos. | ||
| How dangerous is what they just did with this Repo Act? | ||
| It's extremely dangerous and far more dangerous than the 61 billion. | ||
| 61 billion is a waste of money and you're going to have hundreds of thousands of additional dead Ukrainians that no one in Washington seems to care about, you know, starting with Lindsey Graham. | ||
| But this repo act is more dangerous. | ||
| Let me, let me be specific. | ||
| This will diminish and undermine trust in the U.S. | ||
| respect for the rule of law and the U.S. | ||
| treasury market. | ||
| I'm not saying the treasury market collapses the next day. | ||
| I mean, I guess the president signed it today, but at the margin, If you're a country with a large surplus and you've got to decide where to put your money, you're going to fade treasury bills and get into gold. | ||
| Again, not being a gold bug, I'm just saying gold is something you can't freeze. | ||
| It's physical. | ||
| You put it away. | ||
| You can't touch it. | ||
| This is going to give a significant boost to the BRICS. | ||
| I call it BRICS Plus because they've got new members. | ||
| The BRICS effort to introduce a new, started as a trading currency and then in time become a reserve currency alternative to the dollar. | ||
| Again, it doesn't mean the dollar disappears. | ||
| But it's going to have very strong competition. | ||
| This is playing out over a couple of years. | ||
| The third one, and this is much more immediate, if the U.S. | ||
| goes ahead and steals these assets, and the U.S. | ||
| only has their hands on about $10 billion. | ||
| Most of it's in Europe, but $290 billion in Europe, $10 billion in the U.S. | ||
| But there are members of Congress saying, steal the $10 billion now. | ||
| Don't wait for the Europeans to come along. | ||
| If they do, but sorry, this is all being set up, by the way, for the G7 conference. | ||
| The G7 conference is on June 13th. | ||
| Okay, so Yellen and Biden want to get this done, and Blinken want to get this done before the G7 conference, because there's another fund called the Common Ukraine Fund. | ||
| The US is just sort of saying, well, we'll take the $10 billion and put it in this fund, but there's a bigger fund, the Common Ukraine Fund. | ||
| We want the $290 billion in that fund. | ||
| You, the Europeans, have to steal it from Euroclear. | ||
| Which is the biggest clearing firm in Europe. | ||
| They have the 200 billion. | ||
| That's the big prize right there. | ||
| They're going to steal from Europe. | ||
| Now, if this goes forward, and it is as of now, Russia is going to seize the assets, Western assets, in Russia. | ||
| So BP, Siemens, Total Oil in France, major European countries, have huge energy, infrastructure, mining, technology, communications investments in Russia. | ||
| Putin's going to steal those. | ||
| Putin's going to make a profit on this. | ||
| They'll take his $300 billion in Treasury securities, but he'll take a far larger amount of infrastructure and other technology, etc., in Russia that they haven't touched so far. | ||
| It's still owned by the Europeans. | ||
| He'll take that. | ||
| I think Putin will make a profit there. | ||
| One other thing no one's thought about. | ||
| So you're a clearer. | ||
| That's this large clearinghouse based in Belgium. | ||
| It's owned by 78 banks, but the Europeans will be able to put pressure on the banks to steal the assets. | ||
| Well, you're a clearer as offices. | ||
| In Hong Kong, Malaysia, Singapore, Beijing, and Dubai. | ||
| All Russia has to do is go into any one of those jurisdictions and sue Euroclear for $200 billion, because they'll have jurisdiction, because they have offices there. | ||
| You could throw the entire global clearance and financial system into chaos, because what's Euroclear going to do? | ||
| Those jurors and courts and judges will be much more sympathetic to Russia. | ||
| You don't go sue in New York, go sue in Hong Kong, which is part of communist China. | ||
| So the point being that Russia will sue Euroclear for the damages and throw the system into turmoil. | ||
| And finally, this is to me the best irony, is that while the West has been talking about this, what's been happening to the price of gold? | ||
| It's up $600 an ounce. | ||
| Russia has 3,000 tons. | ||
| Russia has made a $50 billion profit on the price of gold without lifting a finger because the West is so threatening. | ||
| Everyone's like, get me the gold. | ||
| Jim, hang on for one second. | ||
|
unidentified
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We're just gonna bring you back for the short break. | |
| When we send you the sites, we'd love you to read, in fact, we want you to read the endorsements of people just like yourself. | ||
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| Uh, Jim Rickards, uh, by the way, this was a fantastic tutorial and I've gotten, my phone has blown up with people that want to say, Jim, they appreciate the fact that as a lawyer you went through this bill and you've come up, your theory of the case, which is very powerful, and you've brought it up to us and others, is that they're trying to Trump-proof | ||
| They're not supporting Trump for victory, but if MAGA gets Trump back into the White House, which we intend to do, they're already trying to, at every level, Trump-proof the next five years so that Trump is handcuffed with his ability to move freely, particularly about this discussion on the beginning of the Third World War. | ||
| Jim, the reason people love you as a contributor here is strategic intelligence, your understanding of geopolitics and capital markets, everything in between. | ||
| Where do people go to get more of your thoughts? | ||
| Thanks, Steve. | ||
| We have a special landing page for the War Room Posse. | ||
| It's RickardsWarRoom.com. | ||
| It's RickardsWarRoom.com. | ||
| You go there, you'll be able to subscribe to Strategic Intelligence. | ||
| We also have a free book offer. | ||
| My book, Currency Wars. | ||
| is available. This is the only place you can get a free copy of Currency Wars if you subscribe to Strategic Intelligence. By the way, the article we've been talking about, Steve, on the Repo Act, that will be in the next issue of Strategic Intelligence. | ||
| So if you subscribe now, you'll have that issue within, it's coming out in a few days actually. | ||
| So the full article, this full explanation will be in that issue of Strategic Intelligence. | ||
| And with records what you get is not just the the talk and the concepts you actually get here. | ||
| He drills down and shows you the receipts. | ||
| That's the power of it. | ||
| Jim, honored to have you on here. | ||
| Thank you so much for doing this for us. | ||
| Appreciate it. | ||
| Thanks. | ||
| Currency War, the book, and you get it free when you sign up, is what changed my thinking about a lot of things. | ||
| I mean, Jim is, you know, teaches, I think it's at the Army War College, economic warfare, financial warfare, so he understands this at a very deep, deep, deep level, as you can tell from his hits here. | ||
| Mike Lindell, I know you're going throughout the country, you're on a roll. | ||
| People are really appreciative of these specials you've given, particularly given the fact, and I am going to have the folks back on hopefully tomorrow, we've got the Supreme Court case due, about the five-point American star. | ||
| versus the Islamic eight-point star and how that's now starting to pop up on flags, including in your beloved state of Minnesota, sir, I might add. | ||
| They may be doing that because Mike Lindell and Mike Pillow's there. | ||
| What do you got for us today, brother? | ||
| Well, everybody, I am. | ||
| I'm going to six states in the next, I believe, seven days. | ||
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| Talk to the operators when we get their back. | ||
| Mike, safe travels. | ||
| Hopefully see you back on the evening show tonight. | ||
| If not, we'll see you tomorrow. | ||
| We'll be at the, when Mike Davis is there for the immunity hearing. | ||
| Thank you, brother. | ||
| Charlie Kirk's going to be next, Jack Posobiec after that on Real America's Voice. | ||
| Then you got Miranda Khan and you've got Tara Dahl. | ||
| We're back five to seven. | ||
| The show tonight is going to be insane, as many of our shows have been here in the last couple of days. | ||
| Look, we would rather spend our time here talking about some of the most fundamental, important issues of our time. | ||
| What it means for you, what it means for your family, what it means for your country, your community. | ||
| All of it. | ||
| We've had to divert our attention to make sure people do their jobs. | ||
| And the reason it's important for us to spend time doing that is people are not doing their jobs. | ||
| You just heard, if you are not disgusted at the beginning of the show, I hope you discuss it now with what Jim Rickards says. | ||
| There is a plot. | ||
| by the establishment Republicans and the Republican Party to thwart Trump. | ||
| Either make sure he's not returned to office or to Trump-proof his second term. | ||
| Don't take it from me. | ||
| Listen to a brilliant guy like Jim Rickards who went through and showed the receipts. | ||
| OK? | ||
| Charlie Kirk next. |
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