May 29, 2024 - Bannon's War Room
51:55
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
| Because we're going medieval on these people. | ||
| President Trump got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
|
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
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War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| Wednesday, 29 May, Year of Our Lord 2024. | ||
| Of course, a kangaroo court in New York is about to hand a jury, a rigged jury, President Trump's, this phony case up there. | ||
| That's the lawfare part. | ||
| Remember the second part is the uh... uh... we got wag the dog and we have uh... the uh... everything that's been trying to do. | ||
| Let's get Todd, I gotta get Todd, my producer's telling me I gotta get Todd Benzner and Patty Lyman up here. | ||
| I'm gonna lose them. | ||
| Todd, can you give a summary? | ||
| I'll go back and get my summary in a second. | ||
| I've talked enough. | ||
| Give me your summary of is the FBI and DHS doing enough at the southern border to at least track The terrorists are coming in here and the foreign nationals that we think may be part of the military? | ||
| I mean, the word is that they are trying to beef up what they stopped doing for three years, which is to start doing more screening and bringing more classified databases and checks. | ||
| The FBI director, Chris Wray, has gone on the record a number of times saying the border Crisis is a national security threat, a major national security threat. | ||
| He's talked about ISIS being involved in some of the smuggling, that they've got all these big cases. | ||
| The DHS's own 2024 threat assessment has paragraphs about the national security threat implicit in the border crisis. | ||
| So the DHS and FBI are aware of this. | ||
| And hopefully the line guys, the guys on the front line, the low level kind of worker bees, investigators, are doing something for us, even if the, you know, the leadership are abdicating their duty. | ||
| One thing I want to say about this Quantico base, one last thing, this Quantico base attack, which I believe is a terror attack, the first one from a border crossing terrorist. | ||
| Even though they're not confirming that, is that this is not just a political issue for Donald Trump or Biden. | ||
| I don't want to frame it that way. | ||
| If they don't acknowledge or rule out what they did, what they're doing here, this covering up of information about it, then they can't fix it. | ||
| We can't demand that they fix it. | ||
| And so there are going to be more of these. | ||
| And that's really the main thing here is that just acknowledge it. | ||
| Forget the politics. | ||
| Do it for America, for public safety. | ||
| Acknowledge what happened or rule it out and go fix it so that it doesn't happen again. | ||
| Todd, where do people go, I want to get back, I got something about the Chechens and Fort Bragg, but I'll come back and get you it later. | ||
| Where do people get your book, which is pressing, both your books are pressing, one on the jihad at the border that we weren't stopping, and number two, the overrun, because you've been the leader of this. | ||
| And of course they're hating on you over at the White House, but where do people go to get all your content, including your writing and social media? | ||
| Right, you can find all of my work at cis.org, Center for Immigration Studies. | ||
| You can also find it at toddbinsman.com and a way to get my newsletter and all my social media is right there. | ||
| And just stay tuned because there's more coming on this. | ||
| Okay, brother. | ||
| We're going to be following it closely with you. | ||
| Thank you, sir. | ||
| Thank you. | ||
| So Lawfare the Big Steel and Wag the Dog, and it lines up. | ||
| You got the invasion of the southern border, the financial crisis from the overspending that's killing people with the inflation, and of course the forever wars. | ||
| And now they've been able to instigate a third world war on the Eurasian landmass around the rim of it and in other places. | ||
| We'll talk more about that, but one of the things that they're trying to do is make sure that MAGA, because they hate actually democracy, so precinct strategy, school boards, town councils, all of it, as you take over, They're freaking out. | ||
| I said all the way up to party level, state party, RNC. | ||
| Patty Lyman joins me from the Commonwealth of Virginia. | ||
| We just had the Texas, we had the AG of Texas leading the revolt down there. | ||
| Where do we stand in the Commonwealth of Virginia? | ||
| Is MAGA ascendant in the Republican Party and taking over the apparatus at the state level, ma'am? | ||
| Steve, thank you so much for having me on today. | ||
| Yes, MAGA is ascendant here. | ||
| Um, it this year we have elections for people that are on our state central committee, some committee chairman, various other roles. | ||
| And Steve, we have some people before this on the state central committee. | ||
| That disregarded what their constituents wanted on certain issues in the way they voted. | ||
| They voted with their establishment group rather than the way that their voters wanted. | ||
| And a lot of those people were removed. | ||
| And we have people on now who are and will be responsive to the grassroots. | ||
| The Republican Party only survives as a bottom-up grassroots party. | ||
| We have done the same thing at the RNC. | ||
| If you'll recall, Steve, virtually 100% of the grassroots in January 2023 wanted Ronna McDaniel gone. | ||
| All she ever did was fail and waste money. | ||
| It was a nightmare. | ||
| She disregarded the grassroots. | ||
| Well, we know how she got the endorsements that she needed, and she stayed on, and it was a disaster. | ||
| But we didn't stop there, Steve. | ||
| Two-thirds of our colleagues voted against the constituents who elected them to the RNC. | ||
| And along with Turning Point and some other patriots, one by one by one, we ran challengers against those anti-grassroots RNC members who had disregarded the grassroots. | ||
| And Steve, Many of them have been picked off. | ||
| They are gone, and they are replaced with new members who will be more responsive. | ||
| That just happened this weekend in Connecticut. | ||
| One by one, we are replacing members that are not responsive to the grassroots. | ||
| We have a new Republican Party, and we are remaking the RNC to match that new party. | ||
| And I'm so grateful we are ascendant. | ||
| You have, is there a tale of two parties in the Commonwealth and is the RNC moving quickly enough? | ||
| I'm blown, every day people are blowing me up. | ||
| They're not moving quick enough. | ||
| There's still too many establishment people in there. | ||
| So let's start at the state party because that's where our focus is. | ||
| Is it a tale of two parties and is MAGA taking over the control elements of it yet, ma'am? | ||
| I wouldn't say that we are controlling it. | ||
| We have a very good chair, and he's going to be continuing for another four years. | ||
| The governor asked him to do that. | ||
| He's unchallenged. | ||
| But as I said, we are replacing members of the state central committee, and they're being replaced because they were non-responsive to the grassroots. | ||
| So I see a positive direction there. | ||
| In my reelection race, I mean, there's a very, very clear divide in terms of In terms of the two choices and the approaches that each of us have. | ||
| As I like to say Steve, I'm from the Republican wing of the Republican Party. | ||
| And I'm all about the grassroots. | ||
| I'm about MAGA. | ||
| I am a President Trump super fan. | ||
| One of the things that have bothered me, not just at the state level, but also at the RNC, is the RNC building was full of people that did not support President Trump. | ||
| It's been that way for years. | ||
| We were fed up with that. | ||
| Another reason that Rana needed to go. | ||
| We have people there now that actually support President Trump. | ||
| President Trump is targeting Virginia. | ||
| He wants to win in Virginia. | ||
| He thinks we're ready to go red. | ||
| And we are going to work our hearts out for him to win Virginia. | ||
| My slogan in 2020 was, the real Virginia is red. | ||
| And I believe that. | ||
| But we are only going to win with mega, grassroots, America first people moving into leadership. | ||
| And that's the direction that we're going in. | ||
| I'm hearing conflicting things. | ||
| Are you saying that all the anti-Trump element has been purged out of the building of the RNC? | ||
| Because I'm hearing conflicting response to this. | ||
| Some has, but a lot has not. | ||
| People understand, under Ronald McDaniel, the building at the RNC were never Trump. | ||
| They were anti-Trump. | ||
| This is why they never had Trumps back for the first couple of years. | ||
| After the big steal. | ||
| Do you think that's being rectified and or in your reelection? | ||
| Will you take it? | ||
| Will you take a torch to that place and make sure it's only MAGA and it's only Trump only Trump supporters? | ||
| Steve, there are too many never-Trumpers, anti-Trump people still in that building. | ||
| Frankly, I think a number of people are taking advantage of the fact that President Trump is fighting for his life every day, and they're bringing people in that are not moving the ball forward. | ||
| My point was, though, because that building was full of never-Trumpers and establishment people undermining his agenda, that's one of the drivers that pushed us to be so relentless to finally remove the chair and to remove the RNC members who enabled her for so long. | ||
| I see a corner turning. | ||
| No, it has not changed fast enough at all. | ||
| Too many people taking advantage of the autonomy that they have and the grassroots have to take hold of this, but that has started And when I go back—God willing, and the creek don't rise—when I go back for my next term, there will be more pro-grassroots, America's First conservatives in the 168 than the whole time I've been there, or any time anyone's ever told me about, frankly. | ||
| So we're going back to a new RNC in terms of the membership and what we can do. | ||
| Perfect. | ||
| Patty, where do people go to find out more about your race? | ||
| Where do they go to find out more about you? | ||
| We'll have you back on to go through other topics that are springing up in the Commonwealth at a later time. | ||
| Where do people go to get you? | ||
| On X, I am at Patti Lyman 2. | ||
| P-A-T-T-I-L-Y-M-A-N 2. | ||
| And then on Getter, I'm just at Patti Lyman. | ||
| And I just ask everyone to pray for me. | ||
| It's looking very good for this weekend. | ||
| I have a lot of support, Steve, but we are ready for victory on Saturday. | ||
| I want to start my four years, four more years, and we're going to elect President Trump. | ||
| Amen. | ||
| Thank you, ma'am. | ||
| Look forward to having you back. | ||
| Big weekend. | ||
| And then, of course, 18th, I think, is the primary. | ||
| We'll have more about that later. | ||
| Patti Lyman, thank you, ma'am. | ||
| Thank you. | ||
| Can never rest. | ||
| I understand. | ||
| It's all work. | ||
| Hey, that's our lot since Adam and Eve, right? | ||
| The toil of the day. | ||
| But that's reality. | ||
| Do I have brother Rickards? | ||
| Brother Jim, by the way, is it turbulent enough for you folks? | ||
| Jim, so a couple things and thank you for joining us. | ||
| Two things I want to jump in right away is one, the Associated Press is saying that this effort to steal the Russian people's assets is actually getting more buy-in and also Axios is finally Awoken to what you've been telling people for a long time. | ||
| There's hot spots in the world that look like they may be converging on actually a third world war. | ||
| Can we start with the latter maybe first and we'll get into the de-dollarization. | ||
| Talk to me about your take on this Axis finally awakened to the fact that we're at the early stages, the early years of the third world war, sir. | ||
| Well, first of all, that's correct. | ||
| It's much more dangerous than people realize because it's not just World War three which would be horrendous But it is very close to nuclear war there are things going on and there's a brother. | ||
| There's a new book It's actually called nuclear war by Annie Jacobson. | ||
| recommend it. It will scare you to death, but if you want to understand what's going on, | ||
| it's important. But the Ukrainians recently sent a drone to attack Soviet, or sorry, Russian | ||
| anti-ballistic missile radars. Now, they did minimal damage, though the thing will be fixed | ||
| in a matter of days. But that's part of a network of radars that Russia uses to detect incoming | ||
| ICBMs from, you know, if the United States were to attack or John or anyone else for that matter. | ||
| It's a critical part of the nuclear warfighting infrastructure. This isn't just some, you know, | ||
| fuel depot or a power plant or something like that, which is bad enough. So you're going right | ||
| at the heart of the Russian nuclear defenses. | ||
| Now, when you create a blind spot in a radar system, you're already on a hair trigger. | ||
| You know, the official doctrine is a launch on warning. | ||
| You don't wait till the missile hits you. | ||
| You see it coming in, you launch. | ||
| Well, what happens if you have a blind spot? | ||
| Now, there is no warning. | ||
| So you're even on more of a hair trigger. | ||
| This is reckless beyond belief. | ||
| You know, like I say, it's bad enough they're striking in Russia with US and British weapons, I should add. | ||
| And Russia is well aware of this. | ||
| They consider They consider themselves in effect to be at war with the United States and Great Britain and Germany because they're the ones supplying the weapons. | ||
| And the technicians don't, you know, there are U.S. | ||
| and other NATO and mercenary forces on the ground in Ukraine, have been since the beginning operating these things. | ||
| Ukrainians, most of them barely read English. | ||
| Are they going to read Take a training course on how to launch one of these missiles. | ||
| Hang on for one second. | ||
| I want to delve down into this and take a whole other segment. | ||
|
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Jim Rickards, Strategic Intelligence. | |
| Here's your host, Stephen K. Band. | ||
| Okay, first off, Birchgold times the turbulence. | ||
| Gold is a hedge. | ||
| Birchgold, go talk to Philip Patrick and the team. | ||
| They're too busy during the week to come. | ||
| They join us on the weekends. | ||
| Birchgold.com slash Bannon. | ||
| Also ended the dollar empire over there. | ||
| Jim Rickards, who's no gold bug, We're going to talk about strategic intelligence, but you can go to RickardsWarroom.com and you get his... I guess I call it the sequel to Ron Paul's The Case for Gold. | ||
| It's called The New Case for Gold. | ||
| It's quite brilliant, as you know Rickards is. | ||
| And he's no gold buck, but we're going to get into that in a moment. | ||
| Also, two things. | ||
| The Warpath... You know what's a little fired up this morning, Casey? | ||
| You know I've had more than a pot of Warpath when I'm doing multiple rants. | ||
| I'll just give you that's inside baseball. | ||
| Warpath.coffee.com Go check out the endorsements. | ||
| Now, I'm a dark roast guy, but people love them all. | ||
| Medium Milds, Breakfast Blends, the Flavored Blends, all of it. | ||
| Seasonal Bends, Tej Gill and the team of Navy Seals. | ||
| Over there, working hard. | ||
| Best coffee ever. | ||
| Best roasting ever. | ||
| And of course, my favorite, Sacred Health. | ||
| SacredHumanHealth.com. | ||
| The grass-fed beef livers. | ||
| The jolt of energy. | ||
| Don't take it from me. | ||
| Look at what your compadres say in the war room. | ||
| Go check it out today. | ||
| SacredHealth.com. | ||
| SacredHumanHealth.com. | ||
| And they've got all the specials, endorsements, all the different products. | ||
| Immerse yourself in information. | ||
| I want to hit rewind for a second, Rickards, because we don't have you on here often enough. | ||
| Because people would think this is like crazy talk, but Zelensky and the Ukrainians, and somehow we've given them authority or have people, but the Brits, the French, And the Americans have somehow given these people military missile capability and essentially, I guess, authorized to look the other way, where they are striking into Russian territory and now taking out, and if you want to make a paranoid KGB guy even more paranoid, take out the radars, the tracking radars that track the ballistic missiles coming in for a nuclear first strike. | ||
| That's when he started having problems. | ||
| Walk me through that again. | ||
| How do we get into a situation where the Ukrainians can't raise the 500,000 new troops, Kharkiv is about to fall, and it's not even been defended, all the money they said they put up there, Zelensky and his guys somehow stole it, because the citizens are saying, hey, there's no embattlements up here. | ||
| How do we get in a situation now that we are somehow the sponsors with the Brits, Well, go back to the beginning, Steve. | ||
| This is never exactly about Ukraine. | ||
| It's always been about Russia, destabilizing Russia and getting rid of Putin. | ||
| That's not going to happen. | ||
| Putin's got a 90% popularity rating. | ||
| He was just re-elected to another term, etc. | ||
| So this is not going to happen. | ||
| But the Western policymakers, Blinken, Sullivan, I won't count Biden because he doesn't have much of a mind left. | ||
| They just hate Putin and have since the 1990s. | ||
| They want to go back to the 1990s and have hated Putin since around 2000. | ||
| Now, I've studied nuclear warfighting since the late 1960s, and my sources were a lot of scholars who had written in the 1950s and the early 60s. | ||
| Hermann Kahn, Henry Kissinger, Albert and Roberta Wohlstetter, Paul Nitze, many of us. | ||
| They all said the same thing. | ||
| They disagreed on certain points. | ||
| But they all said the same thing. | ||
| Don't escalate. | ||
| Don't go there. | ||
| Nobody wakes up on a sunny day and says, hey, good day to shoot a nuclear weapon. | ||
| I think I will. | ||
| It happens when, you know, you raise the ante, somebody sees you, they raise it back and forth. | ||
| Eventually, it gets so high, somebody's stuck in a corner and feels they have no choice. | ||
| And that's how nuclear war happens. | ||
| Kennedy and Khrushchev got the message. | ||
| They backed off in the Cuban Missile Crisis. | ||
| There were other examples. | ||
| Well, here we are. | ||
| What are we doing? | ||
| We're escalating. | ||
| Uh, and, uh, you know, we just talked about some of the examples, you know, shoot, uh, firing drones at Russian nuclear, uh, uh, system radars, uh, is, is a very extreme form of escalation. | ||
| So we, I have no explanation for it other than stupidity, or maybe they want something like World War III. | ||
| They seem to be going for it as fast as they can. | ||
| Um, so, uh, you know, and then not to mention, we haven't even talked about Israel and Gaza and Iran, but Israel is a nuclear power. | ||
| Iran could be a nuclear power in a matter of probably two months. | ||
| The U.S., U.K., nuclear powers, Russia's nuclear power, there are these nuclear powers confronting each other and escalating, which is one thing they tell you that the scholars and experts say don't do. | ||
| So it's far more dangerous than people realize. | ||
| I mean, a lot of important things going on in the U.S. | ||
| and, you know, I understand the Trump trial and all that, but this is, we're talking about annihilation, we're talking about the end of the human race, and the U.S. | ||
| seems to be provoking that. | ||
| On another provocation, I want to, just because I think this is inextricably linked and maybe overlaced with it, the economic warfare part. | ||
| Now, we're the reserve currency. | ||
| And as the reserve currency, you have a couple of things. | ||
| Number one, we have the ability to freeze assets. | ||
| And as part, as you know, you teach economic warfare, I think at Carlyle Barracks up at the Army War College. | ||
|
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U.S. | |
| Army War College. | ||
| Yep, that's right. | ||
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U.S. | |
| Army War College, so you teach economic warfare, so you have the freezing of assets, traditional, and you have the SWIFT system. | ||
| If you can explain the SWIFT system, because this gives us control. | ||
| You have the SWIFT system of the western and central banks and money center banks, and you have the ability to freeze assets in those banks that are particularly dollar-denominated. | ||
| And since they're a reserve currency, they all keep lots of dollars there. | ||
| Walk us through the economic control That we have, that now maybe we're going into uncharted territory. | ||
| The SWIFT system, based in Belgium, is the central nervous system of the entire international banking system. | ||
| Now, SWIFT is not a bank or a lender, financial institution. | ||
| It's really, they consider themselves a telecommunications company. | ||
| But think of it as the switchboard. | ||
| Deutsche Bank in Frankfurt is sending 100 billion to Citibank in New York. | ||
| That message traffic goes through SWIFT. | ||
| So they are the gatekeeper, bottleneck, however you want to describe it, of | ||
| the international monetary system. | ||
| We kicked Russia out of SWIFT. Russia didn't skip a beat. | ||
| They were able to kind of build alternate systems, create bilateral systems. | ||
| You can still run message traffic directly with India and China and so forth. Brazil, none of | ||
| these countries joined the sanctions. | ||
| So yeah, we did kick Russia out of SWIFT. Steve, let me give you a real quick scorecard on how | ||
| the sanctions are going. Because this is what I taught my class two and a half years ago, | ||
| And it's all played out. | ||
| So GDP, Russia, latest numbers, Russia 5.4%, US 1.6%. | ||
| 5.4% U.S., 1.6%. | ||
| IMF forecast for 2024, Russia 3.2%, U.S. 2.7%. | ||
| Unemployment, Russia. | ||
| Manufacturing PMI, Russia 54.3%, US 50.9%. | ||
| Debt to GDP, a critical ratio, Russia 17.2%, almost no debt. | ||
| PMI, Russia 54.3, US 50.9, debt to GDP a critical ratio, Russia 17.2%, almost no debt, US 122%, | ||
| way over the red line, and the ruble steady at 90 to 1. | ||
| By every metric, Russia is outperforming the United States, and I could go on, there are | ||
| other metrics. | ||
| So my question for Wally Abiyamo, he's the Deputy Secretary of the Treasury. | ||
| Hang on, full stop. | ||
| This thing started. | ||
| All you heard on MSNBC and they had all these experts and how the U.S. | ||
| was on. | ||
| We went full-scale economic war against these guys, including, I was told, things that we did on their central bank and their currency we had not done to the Imperial Japan or the Soviets or the Nazis. | ||
| What happened? | ||
| Why did it fail? | ||
| Why was it an epic fail? | ||
| Well, I think that the freezing, again, that's fairly common, but seizing, which is stealing, I just call it stealing the assets, that's almost unprecedented in this context. | ||
| The reason we're going down that road is because everything else has failed. | ||
| I mean, the numbers I just read you tell you that after over two years, the economic sanctions have failed. | ||
| Now, who's Wally Adeyemo? | ||
| He's the Deputy Secretary of the Treasury. | ||
| He's the sanctions king. | ||
| I promise you, Janet Yellen doesn't understand any of what we're talking about. | ||
| Kind of a figurehead. | ||
| Wally has a very top-notch education and he understands sanctions law. | ||
| His problem is he's never worked in the private sector. | ||
| He doesn't understand the economy. | ||
| He understands economic sanctions, but not the economy. | ||
| These things are so easy to work around. | ||
| Mark Rich taught us in the 1990s. | ||
| Go back to the embargo of Iraq. | ||
| You know, you take a freighter, you change the name, you disable the GPS system, you fill it up with oil and send it wherever you want. | ||
| Insurance, they cut them out of the London insurance market. | ||
| Big deal. | ||
| insurance. There are easy workarounds on all these things. | ||
| Russia is now the biggest exporter of oil to China. Used to be Saudi Arabia. They're still big, but | ||
| now Russia is the biggest exporter. | ||
| The reserve position is growing. Everything has failed. So what's left? Stealing these assets. | ||
| Now, these are what we're talking about, Steve. $300 billion of U.S. Treasury securities, | ||
| various maturities, bought and paid for by Russia using their dollar reserves from sales of oil. | ||
| We froze them on day one. They're in a couple of locations, not much in the U.S., by the way. | ||
| The lion's share of them, over $200 billion out of the $300 billion, are in one entity in Europe, | ||
| in Belgium, called Euroclear. It's the biggest clearing, custody firm, facility in Europe. | ||
| wants to steal these assets, but we only have about maybe 5 billion that we can get our hands on. | ||
| So we've been pushing the Europeans to join us so they can get their banks to tell Euroclear to basically steal the rest of these Russian assets. | ||
| Unprecedented. | ||
| It will just drive a nail in the coffin of the U.S. | ||
| Treasury market. | ||
| I want to just kind of make a point about the implications of this, because they're not well understood. | ||
| A lot of people say if you steal the Russian treasury assets, that's the end of the US | ||
| government securities market. | ||
| That's not true. | ||
| The US, you know, all the White House has to do with the Fed, call Jamie Dimon and say, | ||
| hey, buy our treasury securities, and they will. | ||
| The banks will do what they're told. | ||
| It's not the end of the treasury securities market. | ||
| But at the margin, you're a reserve manager for a major country. | ||
| You're running a surplus. | ||
| Like, what do I do with my money? | ||
| It's like, where do we, you know, you make money, you put it in the bank, buy stocks, whatever. | ||
| They have to decide. | ||
| At the margin, they will be less inclined to buy U.S. | ||
| treasuries. | ||
| And then you say, well, what else is there? | ||
| Do you really want Japanese bonds, German bonds, Italian bonds if the U.S. | ||
| market is not trustworthy? | ||
| No. | ||
| The answer is you're going to buy gold, and that is happening. | ||
| Having said that, marginal diminution of the U.S. | ||
| Treasury market, which is happening, is one thing. | ||
| But there are two immediate impacts, and this is much more dangerous. | ||
| Let's leave a cliffhanger to keep him through the break. | ||
| We're going to take a short commercial break. | ||
| We'll come back with Jim Rickards, which has been absolutely fascinating. | ||
| I want to talk about the G7 that's coming up also, Jim. | ||
| Okay, short commercial break. | ||
| Jim Rickards is going to be on the other side. | ||
| I didn't get Natalie Dominguez. | ||
| This situation in Graceland. | ||
| Turns out it's an African, I think it's Nigerian company, got in and stole their title. | ||
| HomeTitleLock.com slash Bannon. | ||
| But I'm going to go into more later in the show or this evening. | ||
| Graceland title. | ||
|
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Here's your host, Stephen K. Bannon. | |
| Before we go back to Jim Rickards, breaking news, and I told you about this the other day to give you a heads up. | ||
| And I didn't know this. | ||
| I actually picked this up from watching CNN late night curating stuff I know you don't want to watch. | ||
| But John Roberts of Fox is just, and if Denver could put it up real quickly, and I keep telling people this, this is not a... Judge Mershon just told the jury they do not need unanimity to convict. | ||
| Four could agree on one crime, four on a different one, and the other four on another. | ||
| He said he would treat a 4-4-4 as a unanimous verdict. | ||
| on the thirty two charges i'm not kidding you folks in the united states of america at five o'clock we'll get uh... we'll get uh... because it's six i got home well my take this uh... expanding global war of course w h o and all that i got michelle bachman in jerusalem and ben hardwell in rome will get to that the six o'clock hour five o'clock will deal with this With some legal expertise. | ||
| I told you, if Grace and Mo can push that out, and Carly Bonet, and by the way, thank Carly Bonet for the great artwork over there, Bannon Cannon. | ||
| Really appreciate it. | ||
| I got my haircut though, Carly. | ||
| Come on, baby. | ||
| I got my summer cut. | ||
| Also, one of the engine room personnel who just sent me that the Trump award room has sent out a poll from Roanoke College that shows tied in the Commonwealth of Virginia 42-42. | ||
| Quick footnotes to you, by the way. | ||
| I happen to be a lawyer. | ||
| In addition, that jury instruction is a violation of the 5th Amendment and the 14th Amendment. | ||
| But you were in suspense waiting for the deuce, waiting for the two. | ||
| You go ahead. | ||
| The floor is yours, sir. | ||
|
unidentified
|
Quick footnotes to you, by the way. | |
| I happen to be a lawyer. | ||
| In addition, that jury instruction is a violation of the Fifth Amendment and the Fourteenth Amendment. | ||
| I'll leave that to the other experts, but this is a disgrace. | ||
| Hang on Rickards, you're not getting off that easy. | ||
| Just real quickly, I know you're a lawyer. | ||
| Those jury instructions, have you ever seen anything like this? | ||
| This trial confuses me so much because I'm still looking for the crime. | ||
| But have you ever heard of 444? | ||
| You could pick it. | ||
| And some guy on CNN, some lawyer, a great criminal lawyer, said the other night, said, folks don't understand. | ||
| Number one, in New York State, they don't even get the jury instructions. | ||
| They're not handed to the jury. | ||
| So they got to kind of keep it in their mind. | ||
| And they say no jury even pays attention to it. | ||
| But the 444, is that unique in your experience, sir? | ||
| Yeah, it's so unique, it's unconstitutional. | ||
| The Fifth Amendment says you're entitled to know the charges against you. | ||
| Well, if the jury has three versions of the charges, then how could the defendant possibly know the charges against them? | ||
| Because they're, A, making it up, and B, they don't even agree. | ||
| And then the Fourteenth Amendment extends the Fifth Amendment due process to the state level. | ||
| So it's just unconstitutional. | ||
| This thing will be reversed in a heartbeat, but you still have to bear, if it happens, I'm Kind of estimating a hung jury, but we'll see. | ||
| But if there's a conviction, by the way, when you're convicted, it will be appealed. | ||
| Yes. | ||
| But you don't necessarily remain free pending appeal. | ||
| That's up to the judge. | ||
| So this could take a really ugly turn very, very quickly. | ||
| But speaking of ugly turns, back to Russia. | ||
| So here's the problem. | ||
| Will it be the overnight end of the U.S. | ||
| Treasury securities market? | ||
|
unidentified
|
No. | |
| At the margin, it'll hurt the market, and that will have long-term implications. | ||
| But here are the immediate consequences. | ||
| First of all, Russia will retaliate. | ||
| And Putin has said this, and I keep trying to explain to people, and American policymakers don't get it. | ||
| Putin doesn't bluff. | ||
| He's very careful about what he says. | ||
| He thinks about it, gets a lot of advice. | ||
| And when he says something, you can put it in stone. | ||
| So he's already said he's going to do this. | ||
| He's done it in small ways already. | ||
| So get ready for that. | ||
| By the way, we're talking about 300 billion or more of Western assets in Russia. | ||
| So we're going to steal the 300 billion. | ||
| of Russian treasury securities, fine. What about BP? What about Exxon? What about Shell? | ||
| What about all the oil companies? I found out today that Coca-Cola, you remember all | ||
| these companies were pulling out of Russia, etc. Coca-Cola owns something called Coca-Cola | ||
| Hellenic, 20%, which is selling, you can get a Coke in Moscow today if you happen to be | ||
| there. So Putin's going to take all those assets, hand them over to Rostov, Gazprom, | ||
| whoever. So it's going to cost, this is the stupidity of the West, it's going to cost | ||
| more than you get, number one. But here's an even more dangerous possibility, and it's | ||
| just not well understood. I mentioned Euroclear, okay. Euroclear has offices in Dubai, Hong | ||
| Kong, rep office in Beijing, etc., around the world. If Euroclear does this, we're going | ||
| Russia can sue Euroclear, but it can pick any one of those jurisdictions. | ||
| It doesn't have to go to Brussels or New York, as the case may be. | ||
| Hong Kong's an interesting case. | ||
| I mean, obviously under the thumb of the communists, but it still kind of walks and talks like a rule of law society. | ||
| So you can get, you know, decent lawyers and judges in Hong Kong to render a judgment in favor of Russia. | ||
| Now, Russia can go around and seize other Euroclear assets. | ||
| 40 trillion dollar organization. | ||
| Forget the 300 billion of Russian assets. | ||
| So you could throw a monkey wrench into the entire global custody financial system if Russia sues, which I expect they will, sues Euroclear and any one of these more favorable jurisdictions. | ||
| The U.S. | ||
| doesn't get it. | ||
| They, I don't know whether, again, I don't have a good explanation for it, Steve. | ||
| They're kind of maybe not too bright, but I certainly don't think more than one move ahead. | ||
| No, the hatred of Russia and the Russian people almost as great as their hatred of Trump. | ||
| Let's talk real quickly about the G7. | ||
| You've got the European Parliamentary elections coming up. | ||
| You've had the collapse of the Tories. | ||
| Macron is, it sounds like Napoleon. | ||
| I mean, he's like the cult of the offensive that the French had before World War I. I've never seen a guy come off the change. | ||
| Talk to me, G7, what do you think is going to happen at G7? | ||
| Well, the Europeans are going to go along, the kind of vassals of the United States is one way to think about it. | ||
| Now, they probably will not approve seizing the entire $300 billion, but they're working on some financial structures which amount to the same thing. | ||
| One idea, Janet Yellen floated, a $50 billion bond issue collateralized by the proceeds It's just a different form of theft. | ||
| This would kind of look like the Brady Bonds of the 1980s. | ||
| Brady Bonds were legal. | ||
| This isn't. | ||
| But you would buy the bonds. | ||
| Ukraine would default. | ||
| I mean, that's a certainty. | ||
| And then take the Russian assets, take the collateral in compensation. | ||
| So it's just a deferred theft, if you want to think of it that way. | ||
| They're also talking about just taking the interest. | ||
| It's about $3 billion a year. | ||
| It's been two years. | ||
| There's about $6 billion of accumulated interest. | ||
| It's not 300 billion. | ||
| That's a big ticket. | ||
| And Adyamo, Wally Adyamo is in Kiev today discussing kind of what to do with the money and how to hand it out to the Ukrainian kleptocrats and oligarchs over there. | ||
| So we don't know exactly what they're going to do. | ||
| All these things are on the table, but they're going to do something. | ||
| It's only two weeks away. | ||
| And this will be momentous. | ||
| And I would expect the Russian pushback in terms of seizing Western assets and suing Euroclear in Strategic intelligence. | ||
| We give our audience access to that. | ||
| Tell people, take a minute, explain it. | ||
| And also, you're not a gold bug, but you followed on from Ron Paul's great, the case for gold written, I think, during the Reagan administration when the commission said we shouldn't go to the gold standard. | ||
| You wrote the new case for gold. | ||
| Tell us about both. | ||
| Sure. | ||
| The reason I wrote The New Case for Gold, I lecture on gold, I do a lot of public appearances, and I kept getting the same questions, and they were all sort of wrong, and I got tired of answering them. | ||
| I said, I'm just going to write a book that answers all the questions, and if anyone asks me one of these, I'll just hand them a copy of the book. | ||
| So, for example, people say, well, you can't go back to a gold standard or gold link currency because there's not enough gold. | ||
| That's nonsense. | ||
| There's always enough gold. | ||
| It's just a question of price at $2,400 an ounce. | ||
| No, that doesn't work. | ||
| But $25,000 an ounce, that does work. | ||
| I'm not saying gold is going to go to $25,000. | ||
| What I'm saying is don't tell me there's not enough gold. | ||
| You just have to price it. | ||
| By the way, I spoke to Paul Volcker about that. | ||
| about this, and he agreed completely. | ||
| He said, yeah, if you went back to a gold standard, he threw his hand there. | ||
| My goodness, imagine what the price of gold would be. | ||
| So if you do get, if there's a great loss of these major reserve currencies and you do have to go to gold, that's the kind of price we're talking about. | ||
| And, you know, the many other examples, you know, gold caused the Great Depression, that's nonsense. | ||
| There was, the money supplied at the beginning of the Great, in the middle of the Great Depression, was only 100% of the gold, but legally it could have been 250%. | ||
| No, it's the Fed could have doubled the money supply under a gold standard without violating the law. | ||
| And so don't blame gold. | ||
| There's a lot of other reasons for it. | ||
| By the way, I spoke to Ben Bernanke about that. | ||
| I said, you know, Mr. Chairman, this is my understanding based on Bernanke's research. | ||
| I said, do I understand this correctly? | ||
| He said, yeah, that's right. | ||
| So he didn't he didn't dispute it either. | ||
| So I've spoken to Fed chair people about this. | ||
| This is all in the book. | ||
| That's why I wrote it. | ||
| So it's, uh... Hey, sorry, go ahead, Steve. | ||
| Jim, can you hang on one second? | ||
| President Trump just walked out. | ||
| I want to cut live to that, and we'll come right back to you. | ||
|
unidentified
|
Let's go live to President Trump. | |
| What's happening here is weaponization at a level that nobody's seen before, ever. | ||
| And it shouldn't be allowed to happen. | ||
| So I'll stay around here. | ||
| This is five weeks. | ||
| And five weeks of really essentially not campaigning, although I took a big lead in the polls over the last few weeks. | ||
| Something's going on. | ||
| Because I think the people of this country see that this is a rigged deal. | ||
| It's a weaponized deal for the Democrats to hit their political opponent. | ||
| For Joe Biden, the worst president in the history of the United States. | ||
| He's destroying our country. | ||
| He's letting millions of people from jails, from prisons, from insane asylums, from mental institutions, Drug dealers pour in. | ||
| Venezuela, if you look at their crime statistics, they've gone down 72% in crime because they're releasing all their criminals into our country because of this horrible precedent that we have. | ||
| And then they have a protest of Robert De Niro yesterday. | ||
| He's a fool. | ||
| He's a broken down fool standing out there. | ||
| He got, he got maggot. | ||
| He got maggot yesterday. | ||
| He got a big dose of it. | ||
| But I just want to say it's a very unfair trial. | ||
| It should have never happened. | ||
| If it was going to happen, it should have happened seven years ago. | ||
| As you know, Bragg didn't want to bring it. | ||
| The Southern District didn't bring it. | ||
| The FEC didn't bring it. | ||
| This judge didn't even let us. | ||
| Here's the number one election attorney. | ||
| He's making the rules. | ||
| He doesn't know anything about elections. | ||
| He doesn't know anything about voting and vote counts. | ||
| He doesn't know anything about this stuff. | ||
| That's not his profession. | ||
| We had the leading election expert in the country, Brad Smith, ready to testify. | ||
| Wouldn't let him do it. | ||
| They wouldn't let another gentleman who represented, and you know very well, you saw it, it was the worst I think I've ever seen anyone treated on a stand. | ||
| Bob Costello wouldn't let him talk about all of the hundreds of emails that he was sent by a gentleman, another gentleman, who I can't mention because I'm gagged. | ||
| Every time I speak to you, you ask me simple questions. | ||
| I'm not allowed to give you the answer because I'm gagged by this judge. | ||
| But we have a very, very serious problem here. | ||
| I mean, our country is going bad. | ||
| And remember, and let me just leave you with this. | ||
| This is all because of Joe Biden. | ||
| And I don't even think it's him. | ||
| I don't think he's smart enough to think about it. | ||
| But it's the people that surround him in the office. | ||
| They're smart. | ||
| They're fascists, they're communists, but they're smart. | ||
| And they're ruining our country. | ||
| But we're going to win this election. | ||
| November 5th is going to be the most important day in the history of our country. | ||
| We're going to take back our country from these fascists and these thugs that are destroying us with inflation and with everything they do, how stupid they are, allowing 15, 16, 17 million people into our country, totally unvetted, totally unchecked. | ||
| We're going to bring back our nation November 5th. | ||
| Remember, most important day. | ||
| In the history of our country. | ||
| In the meantime, this trial is rigged. | ||
| Thank you. | ||
|
unidentified
|
Would that mean you're making yourself more holy than Mother Teresa? | |
| Would that mean you're a liar? | ||
| Or you're a person who makes good with pencils? | ||
| Okay. | ||
| President Trump, new verb, to get maggot. | ||
| President Trump not happy. | ||
| He shouldn't be happy. | ||
| Once again, Jim Rickards, I just want to make sure I go through. | ||
| What you're saying is, the jury instructions and the way he's handled this are unconstitutional, you believe? | ||
| Yes. | ||
| Again, the Fifth Amendment is remarkably clear. | ||
| You are entitled to know the charges against you so you can defend yourself. | ||
| That gets into the Sixth Amendment. | ||
| This was the Bill of Rights. | ||
| We're just breaking away from King George III. | ||
| They wrote this stuff for a reason. | ||
| And all that's being denied in this Trump trial. | ||
| And again, the 14th Amendment applies it to the states. | ||
| That was done right after the Civil War. | ||
| And that's one example. | ||
| There are many. | ||
| See, this thing is riddled with what's called reversible error. | ||
| If he's acquitted, hung jury, we'll see if the New York wants to run through this farce again. | ||
| But if he's convicted, it will be appealed. | ||
| Almost certainly it will be reversed on appeal, but you've got to wear this convicted felon badge for a while. | ||
| I think Trump's rating in the polls will go up. | ||
| Everything they've done to him has caused his ratings and his margins of victory to go up. | ||
| And by the way, just to be clear, because viewers may not understand this, there is no prohibition on a convicted felon behind bars being president of the United States. | ||
| Just the worst case, let's say Trump's convicted in this kangaroo court. | ||
| American sends him to jail, to Rikers basically, Rikers Island, which is a horrific prison. | ||
| You can appeal, the pending appeal, you go to jail and he's in Rikers Island. | ||
| That is not a prohibition on being elected president of the United States. | ||
| And I would think actually the passion and the ardent support for Trump would actually go up in that circumstance. | ||
| There's an old saying, I'm sure you know, be careful what you wish for. | ||
| The progressives and the liberals and the radicals have wanted to attack Trump, bankrupt | ||
| him, defame him, put him in jail, impeach him, you name it. | ||
| They may be very close to getting what they want and they may be shocked at how horrific | ||
| that is and what a bad path they went down. | ||
| There are more tears shed for answered prayers than for unanswered. | ||
| The law of unintended consequences. | ||
| You believe right now with the label convicted felon, because that's what they want, and | ||
| they think they can convince enough of their countrymen, kind of that don't really follow | ||
| the news that much, that that will rule out Trump. | ||
| Your belief, and you're a numbers guy. | ||
| Your belief is you think it actually, because he's gone up dramatically since the first indictment. | ||
| He's gone up dramatically since the raid on Mar-a-Lago. | ||
| You believe that this reinforces to people that the system is rigged and that the FBI really is like a Gestapo and the DOJ is totally and absolutely corrupt? | ||
| Yes, because, you know, Trump's leading in all the polls. | ||
| We know that. | ||
| So you say, what could go wrong? | ||
| The answer is turnout. | ||
| But this will actually enhance the turnout. | ||
| People sitting on You know, maybe I support Trump or whatever, but I don't want to watch a baseball game or something. | ||
| No, I better get out there. | ||
| I better get to the polls. | ||
| I better vote, because they're coming for Trump. | ||
| They could be coming for any of us at any time. | ||
| And even some of the independents, they're sitting on the fence a little bit. | ||
| Just have to look at this, whether you like Trump or not. | ||
| You have to say, no, this is banana republic. | ||
| We're now on a par with Panama or Brazil, or maybe it'll get to Haiti before all is said and done. | ||
| I think we'll increase support, increase fundraising, increase turnout, which is key. | ||
| Yeah, it's a horrible outcome. | ||
| As a lawyer, I'm embarrassed. | ||
| I'm a member of the New York Bar. | ||
| I was a member of the New York Bar for 40 years. | ||
| I was, you know, you sort of pat yourself on the back. | ||
| It was the hardest bar exam to pass. | ||
| You had background checks and interviews and all kinds of things. | ||
| I was sort of, you know, proud of it in a way, but now it's like, wow, New York has just completely deteriorated. | ||
| It's almost embarrassing. | ||
| Jim, once again, where do we get Strategic Intelligence? | ||
| People love coming in here as a contributor. | ||
| Where do people go? | ||
| Where do they get the book, The New Case for Gold? | ||
| If they want to find currency wars, where do they go? | ||
| All your writings, everything, where? | ||
| Yep. | ||
| Thanks, Steve. | ||
| Strategic Intelligence is a flagship newsletter. | ||
| We put an enormous amount into it. | ||
| All the things you and I've discussed in this and past programs, we cover them in depth in Strategic Intelligence. | ||
| If you go to RickardsWarRoom.com, it's RickardsWarRoom.com. | ||
| You can subscribe to Strategic Intelligence, but you also get a free copy of The New Case for Gold, the book we were discussing. | ||
| So, that's the only place you can get a free copy of The New Case for Gold. | ||
| Rickardswarroom.com. | ||
| Jim, thank you. | ||
| Thank you for taking the time today. | ||
|
unidentified
|
Come on. | |
| Rickards has what in baseball they call, or in sports, acting, range. | ||
| He can cover so much. | ||
| Historic. | ||
| It's now with a jury. | ||
| This has been a totally rigged process. | ||
| You see, but I hope that you see the lengths that they will go to. | ||
| Why Trump? | ||
| Because Trump represents a new movement in American politics that is set to take power away from the ruling class. | ||
| Why would they take a successful New York businessman and put him through this? | ||
| Because they must stop him, but they also must destroy him. | ||
| It's not simply about the stopping, they must destroy him. | ||
| He must be, because they believe he's a traitor to the wealthy. | ||
| They believe he's a traitor to his class. | ||
| The wealthy are the underwriters. | ||
| They are the ruling class, but they're also the underwriters of the apparatus, the administrative state, and the deep state, and the Uniparty. | ||
| They're the underwriters of it. | ||
| What Trump has done is unforgivable to them. | ||
| You know, Ben Burquham said it in a very kidding way, as Ben has, to Joanne Reed. | ||
| And you saw her thing, F you. | ||
| They're very sensitive about it. | ||
| And those are grundoons. | ||
| Remember the Chris Hayes and the Joanne Richemont, they don't, they're, they're replaced. | ||
| But look, you had Scarborough years ago. | ||
| You had Keith, uh, uh, you had the crazy Keith guy years ago. | ||
| You had all of it years ago. | ||
| You had all of it years ago. | ||
| And they just, they just roll through those people. | ||
| They're just all mouthpieces. | ||
| One of the reasons that we, Play so much of that and talk about Politico and talk about Axios. | ||
| We want to make sure that you see that the powers that be in the information war, how they set the narrative. | ||
| But they believe Trump is a traitor to the ruling class. | ||
| And therefore, not only does he need to be stopped, he needs to be destroyed. | ||
| Because they need to use that as a object lesson, an object lesson for everyone that wants to get out of line. | ||
| If you get out of line, you're going to be like Trump. | ||
| It's what they've done to the people around him. | ||
| It's now seeped down to the doing to traditional Catholics and evangelical Christians and basic just everyday citizens. | ||
| It's not me that said it, it's the Attorney General of One of the most powerful states in the union, if it was an independent country, would be one of the biggest GDPs of any country on earth. | ||
| He called them a lawless Gestapo. | ||
| Like the Stasi, like the KGB. | ||
| Probably the most damning indictment ever of the FBI by a senior state official of a state that means something. | ||
| They all mean something, but this one's got a lot of throw weight in back of it. | ||
| Mike Lindell, Robin Voss, another said we're fighting in Virginia, we're fighting in Texas, we're fighting in every state, and the fight's gonna continue, folks, because they don't want you to take power. | ||
| Tell me about Robin Voss. | ||
|
unidentified
|
Well, I got a good election crime bureau report here. | |
| Yesterday, they turned in 9,000 signatures, everybody. | ||
| They have more than enough to meet the 6,850. | ||
| They're already third-party approved. | ||
| everybody. They have more than enough to meet the 6,850 that we already, they're | ||
| already third-party approved. They're not going to be able to pull what they did | ||
| last time. Incidentally, Steve, the WEC has not responded. | ||
| Last time they responded, they said, oh no, these signatures are no good, which is a good thing, everybody. | ||
| Now, they have 10 days. | ||
| Robin Voss has 10 days to June 7th to contest any of this, which we believe he probably will. | ||
| And then our lawyers get five days, and there's very good lawyers these guys got over there, to go after anything he says, to repudiate anything he said. | ||
| Now, when this goes through, I'm going to say when, I'm very confident. | ||
| When this goes through, the recall primary would be August 6th. | ||
| But interestingly enough, a week later is Wisconsin's regular primary. | ||
| So Robin Voss, what he's done is moved his district So that he can run again in that. | ||
| So the recall takes him out for a few months. | ||
| And then he could also try and win in the regular general election. | ||
| But we, this is how important everyone said, well, why would you bother? | ||
| Why would you bother? | ||
| Because these uniparty blockers are destroying our country. | ||
| All this stuff could have, our election platforms could have been fixed by now, but we have to put up with people like Robin Voss and Brad Rassenberger at Georgia blocking us at every turn. | ||
| So we're not going to give up on this and we are going to win. | ||
| And so I'm very happy with the outcome right now, Steve. | ||
| We'll have you back on for more about this at 5 o'clock. | ||
| Charlie Kirk's next, Jack Basobic, Tara Dahl, Miranda Kahn, back to war in 5 to 7. | ||
| Totally explosive. | ||
| Part of it, I'm going to be in Israel with Michelle Bachmann and Rome with Ben Harmon. | ||
| But we've got a lot more going on than that. | ||
| A lot going on in this trial. | ||
| Updates, all of it. | ||
| Mike, we've got about a minute. | ||
| Give me a deal. | ||
|
unidentified
|
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| I'm going to leave you now with Steve Stern. | ||
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