June 14, 2024 - Bannon's War Room
48:54
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. | ||
| I got a free shot on 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 line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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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! | ||
| It's Friday, 14 June, the year of our Lord 2024. | ||
| A couple things, we're tracking federal judges across the country. | ||
| We're rejecting the Biden regime's imposition of this radical change to Title IX that really inculcates or embodies the transgender agenda into federal law, federal regulations. | ||
| We're going to follow that track. | ||
| Tiffany Justice and the team. | ||
| And also Terry Schilling, many people we work with are all over this, may try to get him on the show today, if not, maybe live from Detroit in the morning. | ||
| Mark Payaletta joins us. | ||
| I got Jim Rickards and Dave Bratt up about capital markets, geopolitics, a lot. | ||
| Jim Rickards got a lot to say about what's going on between the Saudis in Russia, what's happening over at the G7. | ||
| It's everything he kind of, it's kind of a called shot For Rickards, be with him in a moment. | ||
| Mark Payaletta was able to carve out some time. | ||
| Mark, it's kind of hard to hit our tripwire here in the worm. | ||
| As you know, you got to go pretty deep in the forest. | ||
| But Hakeem Jeffries particularly, it's very dangerous language that Pelosi and Hakeem Jeffries, they've taken it up a notch since they were beaten back so much by the people that are defending the justices and quite frankly Justice Alito and his magnificent wife defending themselves. | ||
| But the rhetoric is getting dangerous. | ||
| Hakeem Jeffries is saying that Justice Alito, one of the most revered jurist in the history of this republic is a radical insurrectionist, and it just goes on and on from there. | ||
| Your thoughts, sir? | ||
| Yes. | ||
| You know, Steve, you're right. | ||
| This is what the left does, right? | ||
| This is very Saul Alinsky-like, right? | ||
| Target, isolate your target, right? | ||
| The Alitos, the Thomases, and then just pile on them and try and destroy them. | ||
| Endangered rhetoric. | ||
| Schumer, 2020, March of 2020, steps to the Supreme Court, you know, talking to Gorsuch and Kavanaugh telling them, you better vote a certain way on an abortion case or you won't know what hit you. | ||
| And what happens? | ||
| An assassination attempt. | ||
| This is what we're seeing here with this type of rhetoric, this dangerous rhetoric. | ||
| And I've done a bunch of work on Hakeem Jeffries. | ||
| Hakeem Jeffries supported the most anti-Semitic, white-hating person named Leonard Jeffries, who, of course, was his uncle in the 90s. | ||
| He had him to his campus. | ||
| He wrote a piece. | ||
| Uh, calling Justice Thomas a house Negro. | ||
| This is the person who is the leader of the Democrat Party. | ||
| And he uses this invective. | ||
| He uses this, you know, disgusting language to go after his enemies. | ||
| And he's doing it right now with Justice Alito. | ||
| As you said, I've listened to those tapes or those audios of Sam Alito, of Martha Ann Alito. | ||
| They are magnificent Americans. | ||
| And I urge the posse, listen to them. | ||
| They're wonderful, wonderful. | ||
| You know, sort of this person, this person who's trying to troll them to get them to say whatever they think they're going to say, you know, want them to say. | ||
| Turns out to be great Americans saying great things. | ||
| And so Jeffries, Pelosi, the left, what they want to do is Say these lies, say these comments, and they hope that the truth will never catch up with the lie. | ||
| We just saw this with this big chart that came out that said Justice Thomas took $4.8 million in gifts, and the rest of the justices $600,000. | ||
| Crazy chart, lie-filled chart, right? | ||
| And up on X, I've destroyed it, okay, in terms of there's nothing left of that chart, okay? | ||
| Yet they want the, you know, what's happening? | ||
| You have the language in White House and Durbin saying millions of dollars they've received. | ||
| It's all a lie, right? | ||
| And Jeffrey says, I'm glad you're pointing this out, Steve, the leader of the Democrat Party in the House going after one of the most revered, one of the most Decent Americans. | ||
| Sam Alito, right? | ||
| Nobody would have thought of him as some crazy partisan, whatever they want to do, until they decide that's what he's going to be. | ||
| That's what the left does, right? | ||
| Just like Justice Thomas. | ||
| I'd urge the posse to read Justice Thomas's memoirs, My Grandfather's Son, to see what an inspiring life. | ||
| We can go back and forth on all this stuff, and we need to, but read his book. | ||
| Watch the movie. | ||
| He's the greatest living American. | ||
| He's our greatest justice. | ||
| It answers everything, which is that this is all a framing, this is all an attack on decent Americans, our greatest Americans. | ||
| Help me out here, because you brought it about trimming their sails. | ||
| Because the rhetoric is stepping up in the last 24 hours. | ||
| They're saying he's a right-wing insurrectionist. | ||
| This is a Supreme Court justice. | ||
| That language has never been used in this nation. | ||
| And Hakeem Jeffries is the minority leader of the House of Representatives, right? | ||
| Actually, many people would say, and oftentimes, he actually runs the House. | ||
| This is the type of rhetoric that didn't exist before the Civil War. | ||
| This has never, ever happened in the history of this republic. | ||
| You made the point that it's not just to maybe even shrink the court if they can't get there, but to have them trim their sails. | ||
| Do you believe that yesterday's nine to nothing results of the abortion issue, or the abortion pill, was purely on the merits? | ||
| Or do you think you're seeing some of our heroes actually start to think this? | ||
| Because you have the Fisher, this all-important Fisher decision, and immunity, and the five deconstruct the administrative state. | ||
| I mean, what's left to be dropped in decisions due to the next two weeks of June are pretty monumental, sir. | ||
| 100% monumental decisions. | ||
| You just never know, right? | ||
| That's the whole point of their on. | ||
| We've talked about this before. | ||
| Every single day, something's happening on an attack on the Supreme Court in an unprecedented way. | ||
| As you said, Steve, calling a Supreme Court justice, whatever, a right wing insurrectionist is just so appalling and so over the top that all they want to do is destroy the Supreme Court. | ||
| They want to intimidate them. | ||
| They want to make them fear for their lives, not just make their lives uncomfortable, fear for their lives. | ||
| And the fact that the Department of Justice does nothing about this, about these protests that go out in front of the justices' homes, to intimidate them, right? | ||
| There is a federal law that is a criminal act. | ||
| So Garland lets this happen. | ||
| They have some crazy interpretation as to why they're not doing that, why they're not enforcing the law. | ||
| But yes, this is an effort, as I said before, to shrink the court, meaning forcing justices to recuse so that then you have more liberal justices, even | ||
| though there's only three. | ||
| If you have a lower amount, you have a better chance at, like I said, it's also the actual | ||
| ruling but what's in the ruling, right, that gets affected. | ||
| And then, as I said, trimming the sales related, which is maybe the justices don't go as far as they want because they're worried. | ||
| When I say as far as they want, as far as the Constitution requires, as far as that statute requires, as far as being a judge and a justice requires, and trimming their sales. | ||
| And then what they want to do, Right. | ||
| And this is why 24 is so important. | ||
| The elections in November is that if they win, if they win the White House, which means they'll probably win the House and the Senate, they will get rid of the filibuster. | ||
| I didn't used to believe that because it's such a crazy idea. | ||
| They will get rid of the filibuster and they will pass legislation that Joe Biden will sign that will add four justices to the Supreme Court. | ||
| This is the last bastion of defending our liberties. | ||
| Right. | ||
| And our rights. | ||
| The Supreme Court, an independent branch. | ||
| Right. | ||
| Our greatest Supreme Court probably in a hundred years, right? | ||
| That's what people, it's tough to sort of appreciate that, right? | ||
| But the court has been so bad for so long. | ||
| Republican Democrat President Ronald Reagan appointed terrible justices. | ||
| And when I say terrible, terrible jurisprudential justices. | ||
| George Bush, 41 and 43. | ||
| So, it's Donald Trump who came along and appointed these three justices with, you had, you know, Thomas and Alito, and we need to protect that court. | ||
| That's what's under assault. | ||
| That's what's happening every single day. | ||
| It is unprecedented. | ||
| And you said, Steve, these are monumental decisions coming up on the January 6th on presidential immunity. | ||
| They don't want the court. | ||
| Right. | ||
| They saw what happened. | ||
| And I'm really proud of this court going back to Dobbs, going back to the affirmative action case. | ||
| A lot of big decisions that they stepped up and didn't buckle on. | ||
| And so these these ones on President Trump's immunity. | ||
| Which, of course, he has. | ||
| That's not even debatable, in my opinion, for official acts. | ||
| And then the January 6th prosecutions with this law that was intended for, that came out of the Enron prosecutions, which is about document destruction and using that law. | ||
| This is Jack Smith, of course, who was reversed. | ||
| In the Arthur Anderson Enron case, right, which was struck down because of how he was using the laws, going after McDonald, I think, Governor McDonald, with the Honest Services Law, which was struck down by the Supreme Court. | ||
| So these are cases that I think are very, very sketchy that will probably be struck down. | ||
| They want to get rid of the justices who they think are the most original, the most faithful to the Constitution for these opinions. | ||
| And like I said, short term, we talked about short term, long term, shrink the court, Maybe trim their sales and then pack the court. | ||
| And this is a real threat. | ||
| I've now come to believe if they win in November, they will pack the court. | ||
| So instead of having a 6-3 majority, a 6-3 majority would be four more, right? | ||
| and you'd have a 7-6 Democrat majority. | ||
| Progressive majority. | ||
| This is why for the establishment Republicans, even if you hate the sound of Trump's name, you've got to have his back. | ||
| He fundamentally changed that court. | ||
| It was one of the many great things he did in his first term. | ||
| And you were a big part of that, Mark Paoletta, as you remember. | ||
| You're the one, the vanguard here, fighting. | ||
| Everybody's got to go to your Twitter feed. | ||
| How did they get there, Paoletta? | ||
| Because you're 24-7 on this, and you are the tip of the tip of the spear. | ||
| So, at Mark Paoletta on X. | ||
| And then markpaylett.com. | ||
| And I'll just say, again, a lot of things breaking, so I keep putting things up. | ||
| Yesterday, there was a hit on Justice Thomas in terms of releasing some trips he took. | ||
| Absolutely, perfectly fine, consistent with the rules and the laws and the disclosure rules. | ||
| You know, the left likes to invent why Justice Thomas is violating the rules. | ||
| He didn't. | ||
| He hasn't. | ||
| And I'm happy to come back on, Steve, and talk about that. | ||
| But people need to know all of these attacks on Justice Thomas, all these attacks on Alito, They are political legal lawfare against these justices to try and control the Supreme Court. | ||
| That is why the left is so furious. | ||
| That's why that Dobbs opinion was leaked, right? | ||
| It was something that was going to blow up the worst decision. | ||
| Dred Scott and Roe were the worst decisions in American history, and they knew it was going to get struck down, so they leaked that opinion. | ||
| This is lawfare. | ||
| This is warfare on the Supreme Court. | ||
| Mark Pialetta, look forward to having you back. | ||
| Let's get on Monday and I want to go through the Justice Thomas thing. | ||
| Thank you so much, sir. | ||
| Amazing work. | ||
| Thank you. | ||
| A true patriot and hero. | ||
| Alito and Thomas, but also Mark Paoletta. | ||
| Jim Rickards joining me. | ||
| Jim, when we first started talking about this, it was theoretical, and you and I would say, well, they can't possibly do this because they're going to end the dollar empire eventually. | ||
| But they signed a 10-year security agreement, which I thought only the Senate could actually approve. | ||
| Biden, the illegitimate Joe Biden with the illegitimate Zelensky, 10 years. | ||
| Also, they announced they're going to seize, I guess, the $300 billion, take the $50 billion in interest. | ||
| Well, one bit of good news, Steve, on the 10-year security pact. | ||
| It's not a treaty. | ||
| It's not going to the Senate. | ||
| It's not a treaty, so it's not law. | ||
| It's what they call an executive agreement. | ||
|
unidentified
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It's awful. | |
| By the way, it's another example of what we've called Trump-proofing. | ||
| The 10-year term is meant to go beyond Trump's term. | ||
| Trump's second term. | ||
| So this is Trump proofing the war in Ukraine. | ||
| But the good news is that when Trump is sworn in on January 20th, 2025, he can tear it up. | ||
| So Trump did that with the Paris Accord, the Iranian memo, and the Iranian uranium enrichment So he tore up the Iranian deal. | ||
| He tore up the Paris deal. | ||
| He can tear this deal up. | ||
| So bad news in the short run. | ||
| The good news is if Trump wins, he can tear it up on day one. | ||
| Getting back to the theft of Russian assets, it has happened. | ||
| You're right. | ||
| We've talked about it a while. | ||
| So I just want to do just a real quick mathematical exercise. | ||
| By the way, this is what's called a structured product. | ||
| The way that where they're stealing the assets is a structured product. | ||
| If you go back to 2008, you said, hey, you got all these garbage mortgages out there. | ||
| How could you turn them into AAA securities? | ||
| And Wall Street said, hold my beer, I'll show you how to do it. | ||
| And they did. | ||
| And of course, it all collapsed. | ||
|
unidentified
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The rating agencies were corrupt. | |
| Jim, hang on for one second. | ||
| I want to take time. | ||
| We're going to go to break right now. | ||
| I want to take time. | ||
| Now that you're laying it out like I love it, it's a structured product. | ||
| Wall Street sold those back in 2006 and 2007. | ||
| It all collapsed in 2008. | ||
| The same type of Three-card money is taking place here with the Russian people's assets. | ||
| Jim Rickards is going to explain it all to you. | ||
| Strategic Intelligence is his newsletter. | ||
| If you go get it today at RickardsWarRoom.com, you also get the free book. | ||
| The second, was it The Case for Gold? | ||
| The New Case for Gold, which is kind of a rift off of Ron Paul's earlier book from 30 years ago. | ||
| Jim Rickards on the other side. | ||
| Jim, I love it. | ||
| You're saying just like because Wall Street can sell anything. | ||
| They packaged up all the mortgages and they sold them as structured products. | ||
| And of course, they took the fees. | ||
| They took the upside. | ||
| The rest of it collapsed on the American people. | ||
| Are they doing the same thing with stealing the Russian people's assets, sir? | ||
| Yes, and here's how it works. | ||
| So let's just take the Russian assets. | ||
| By the way, first question, $50 billion loan to Ukraine. | ||
| Who's the lender? | ||
| The lender is the United States of America, which is basically you, me, and all the posse and all the viewers. | ||
| The American taxpayers are lending the money. | ||
| So the United States government is the lender of $50 billion to Ukraine. | ||
| Now, you take the Russian assets, $300 billion. | ||
| The interest should be about 4.5%. | ||
| I say that because they've been frozen for over two years. | ||
| So when a two-year security matures, the Treasury just sends you the money. | ||
| That's, uh, and the, and the, and the treasury is basically stealing that. | ||
| So they reinvested, they go buy another security. | ||
| So the interest on that portfolio should be about four and a half percent. | ||
| That's estimate, but I'm sure it's pretty close. | ||
| So the 300 billion is going to throw off 13.5 billion a year in interest at four and a half percent. | ||
| And let's just assume five years. | ||
| I think it doesn't matter if that's a reasonable estimate. | ||
| That's $67.5 billion of interest over five years. | ||
| Now, let's look at the Russian assets. | ||
| Now, let's look at the loan. | ||
| $50 billion loan. | ||
| U.S. is the lender, so I'm assuming the same 4.5%. | ||
| That's the rate on five-year, approximately rate on five-year U.S. Treasury notes. | ||
| The interest on that is $2.25 billion per year times five years is $11.25 billion, and | ||
| you have to pay back the $50 billion in principals. | ||
| So you're going to need $61.25 billion at the end of five years to pay back principal and the interest on the loan. | ||
| So, okay, we're going to steal $67 billion approximately from the Russian interest and that's enough to pay for the $61.25 billion. | ||
| on the loan. | ||
| So basically, the loan is going to be made, it's going to accrue interest, it's going | ||
| to get repaid, it's going to get repaid from the Russian assets, but the Russian assets | ||
| happen to be six times larger than the loan, at least for now, and it will produce enough | ||
| interest to pay off this loan. | ||
| So the G7, they're going to say, well, we're not stealing the Russian assets, we're just | ||
| taking the interest, and then the loan is separate, this is why I say it's a structured | ||
| The loan is separate, and we'll use the interest to pay off the loan. | ||
| But if Ukraine wins the war, no worries. | ||
| We'll just hit up Russia for reparation, which is delusional, but that's the way they think. | ||
| So it is a structured product. | ||
| The math does work out. | ||
| Here's the problem. | ||
| They're stealing the interest. | ||
| If I own bonds, and they pay interest, and you say, well, Jim, I'm just stealing the interest. | ||
| I'm not taking the principal itself. | ||
| And that is what they're saying, by the way. | ||
| You're still stealing. | ||
| That's my earnings, my interest. | ||
| But they somehow convinced themselves that if you take the interest only, somehow you're not stealing the Russian asset. | ||
| You are. | ||
| But it works exactly the way I described, whether it's five years or six years. | ||
| That doesn't change the analysis. | ||
| So it's a very clever, structured product. | ||
| I can see Wally Adeyemo, the Treasury, working with some Wall Street advisors, cooking this thing up. | ||
| But it's all designed to say, well, we're not stealing the principal. | ||
| We're just stealing the interest. | ||
| By the way, when Biden was in, I guess he's still there for the wrap-up of the summit. | ||
| This is a starter kit. | ||
| We could take more. | ||
| We could make the loan bigger. | ||
| Macron said maybe we'll top it up a little bit. | ||
| So this is still open, and maybe they will take the principle at some point, but they're | ||
| still stealing the Russian assets. | ||
| By the way, this G7 summit, Steve, they're calling it the loser summit. | ||
| Who's there? | ||
| Biden stands to lose his election in November. | ||
| Macron got badly beaten in the European Parliament elections. | ||
| He stands to lose his snap elections. | ||
| Rishi Sunak is done. | ||
| The UK elections are on July 4th, Independence Day. | ||
| He's out. | ||
| Schultz party got beaten in the European elections. | ||
| He stands to lose. | ||
| And Ursula von der Leyen, less well known, but she's the president of the European Union. | ||
| uh... and she is this estimate should be going on there that she might lose | ||
| uh... jersey maloney's the only one sort of uh... okay and true though the who knows what to make of | ||
| him but they're basically all either on the way out there they've | ||
| lost elections are they going to a certain saloons or summit | ||
| one last point use of proceeds when you're doing you know that we make a | ||
| lot What are you doing with the money? | ||
| I have a lot of experience lending money to totally corrupt regimes. | ||
| I was counsel to the Citibank when Mobutu was still in Zaire, so I kind of know how this works. | ||
| So this will go to Zelensky and his cronies so they can buy more houses in Miami or Dubai, wherever they're going to run to, and they'll probably be running in the near future. | ||
| So one-third gets skimmed off the top. | ||
| About a third will go to bureaucrats to pay salaries. | ||
| Why U.S. | ||
| taxpayers as lenders are paying the salaries of European bureaucrats, I don't know, but they've got to pay them to keep them happy. | ||
| And then about one-third will go to the military-industrial complex, in other words, We'll buy weapons from Lockheed, Raytheon, Grumman, and all the other big defense contractors. | ||
| And then what we do, we send Ukraine our surplus, the old stuff. | ||
| You know, F-16s built in the 1980s. | ||
| And we give ourselves the new stuff. | ||
| So the idea that all these wonder weapons are on the way to Ukraine is nonsense. | ||
| So like I say, one-third scam, one-third bureaucrats, one-third military-industrial complex. | ||
| It's a scam. | ||
| The Russians are looking at this and saying one thing. | ||
| This will not change the outcome. | ||
| This will not change the war. | ||
| All Biden is trying to do, and Jake Sullivan in particular, and Tony Blinken, they're just trying to keep the war going until the election's over. | ||
| Now, they may lose anyway. | ||
| I think they probably will. | ||
| But in their minds, the way to win the election, one way is to make sure Ukraine doesn't utterly collapse before November 5th. | ||
| So this is all about just keeping the game going, getting more Ukrainians killed. | ||
|
unidentified
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solution to anything. | |
| The G7 are the industrial powers of the West. | ||
| How do they actually take another country's money? | ||
| Because this gets back to the dollar. | ||
| You see the Arabs right now, the Petrodela may be gone. | ||
| How does a group of nations take someone else's money? | ||
| How does that happen? | ||
| What's the mechanism they're doing to take the interest that backs the loan? | ||
| Well, that's an important question because then it leads into, OK, what is Russia going to do about this? | ||
| Well, I mean, the vast majority of the securities I mentioned earlier, they're in Euroclear, which is not a bank. | ||
| It's a clearinghouse custodian settlement entity. | ||
| So that's where they're parked. | ||
| Over $200 billion of the $300 billion. | ||
| There are Treasury securities. | ||
| Who controls the Treasury securities ledger? | ||
| The Treasury. | ||
| The last paper, Treasury Securities, issued in 1979. | ||
| This is a completely digital system. | ||
| U.S. | ||
| Federal Finance is a digital system. | ||
| Crypto message traffic. | ||
| You can call it the dollar, cryptocurrency if you want. | ||
| But the point is, the U.S. | ||
| and the Fed together control that ledger. | ||
| They decide where the interest payments get sent. | ||
| Where are the securities mature and you, in theory, pay them off? | ||
| Do you reinvest? | ||
| Do you roll it over? | ||
| What are you reinvesting in? | ||
| That's all controlled by the Treasury. | ||
| So the Europeans are kind of lackeys. | ||
| Flunkies, I guess, is a better word. | ||
| They're flunkies of the United States. | ||
| You just have to find some lawyer somewhere, you know, down on M Street or whatever, to give you an opinion that this is OK. | ||
| It isn't. | ||
| Theft is theft. | ||
| We can see it for what it is. | ||
| But they've satisfied themselves that the interest is different than the principal, even though it's all Russian property. | ||
| And they're just going to take it. | ||
| But in terms of, physically, how do you do it? | ||
| It's easy because we control the ledger. | ||
| We control the wire transfers. | ||
| We control the message traffic. | ||
| We decide where it goes. | ||
| But the Russian reaction to this is going to be very interesting, very dramatic. | ||
| First of all, Putin has always said, and he always tells you what he's going to do. | ||
| He's very methodical. | ||
| They're going to seize European assets in Russia. | ||
| And again, it's oil infrastructure, telecommunications, retail franchise, luxury goods, and a lot else. | ||
| They're going to say, hey, you steal our assets? | ||
| OK, fine. | ||
| We're taking yours, number one. | ||
| And actually, there are more of them. | ||
| Putin could turn a profit on this whole deal. | ||
| But here's the real, really dangerous part. | ||
| Russia will have a cause of action to sue Euroclear for doing what we're talking about. | ||
| They don't have to go to Belgium or London. | ||
| They can sue Euroclear's offices in Dubai, Beijing, interestingly, Hong Kong, which is basically a communist Chinese captive city at this point. | ||
| So you could go into Hong Kong, Singapore, Dubai, or some of these cities, sue Euroclear for wrongful conversion of assets. | ||
| Probably win and then take that judgment around the world and start seizing Euroclear assets. | ||
| Euroclear is a 40 trillion dollar custodian. | ||
| That will throw the global financial system into chaos, because if I've got assets in Europe, I'm like, hey, how do I know that Russia doesn't have a lien on my assets as a result of some court judgment in Hong Kong? | ||
| I'm getting out of there. | ||
| So this will cause chaos. | ||
| The Americans can barely think one move ahead. | ||
| They absolutely cannot think two. | ||
| A good chess player will think, I know Garry Kasparov, he can think three moves ahead or a little more, but a good chess player will think at least two moves ahead, but the U.S. | ||
| can't. | ||
| I'm going to try to get you back on Monday to go through the whole petrodollar situation on this too. | ||
| It's another whole aspect of the end of the dollar empire. | ||
| You called it. | ||
| Where do people go? | ||
| I want to make sure people have access to strategic intelligence. | ||
| You don't just do the geopolitics and the national security. | ||
| You have a deep capital markets and currency part of this. | ||
| Where do people go? | ||
| Because people love your hits here on the show. | ||
| Thanks, Dave. | ||
| Our flagship newsletter is called Strategic Intelligence. | ||
| You can go to RickardsWarRoom.com. | ||
| That's RickardsWarRoom.com. | ||
| You can subscribe to Strategic Intelligence. | ||
| It's our flagship. | ||
| But we're also offering a free book. | ||
| It's The New Case for Gold. | ||
| I wrote it a few years ago. | ||
| You're right. | ||
| It was a follow-on to Ron Paul's manifesto from, I think, 1981. | ||
| But The New Case for Gold. | ||
| This is the only place you can get a free copy of that book if you subscribe to Strategic intelligence or newsletter. It's all at RickardsWarRoom.com. | ||
| All right, Jim, and we'll talk to you over the weekend. | ||
| Love to get you back. We got the petrodollar situation. You've got the, it's a mess and our | ||
| fearless leaders are making it worse. | ||
| Jim Rickards, thank you very much, brother. Appreciate you coming in. RickardsWarRoom.com. | ||
| Go check it out today. | ||
| Check out Strategic Intelligence. | ||
| If you like Jim's hits on the show, you're going to love Strategic Intelligence. | ||
| Just very, very, very powerful. | ||
| What a mess. | ||
| What an absolute mess. | ||
| That's why, hey, go talk to the guys. | ||
| Jim wrote the new case for gold. | ||
| The follow-on to Ron Paul's great book, I think in the 1980s when President Reagan didn't go to a gold standard. | ||
| Birchgold.com slash war rooms or slash Bannon, either. | ||
| Philip Patrick in the team. | ||
| You heard from him last night. | ||
| Go talk to him today. | ||
| Birchgold.com slash Bannon. | ||
| Check it out. | ||
| Dave Brat next. | ||
| I'm Steve Stern, CEO of FlagShirt.com, a third-generation, veteran-owned small business. | ||
| I believe that the American way of life is for all of us. | ||
| I'm asking you today to visit FlagShirt.com. | ||
| Help keep the American dream alive. | ||
| Be a flag waver. | ||
| Carry a nation's heritage. | ||
| Use coupon code ACTION10 for 10% off site-wide and buy a flag shirt today. | ||
| Action, action, action. | ||
| Okay, let's take care of some logistics. | ||
| At 12 noon, Charlie Kirk is going to follow us as he does every day, but this is going to be live from Detroit from the People's Convention put on by Turning Point USA. | ||
| Charlie Kirk's group post is going to be 2 o'clock. | ||
| He'll be live at Detroit also. | ||
| At 5 o'clock this afternoon, live from Detroit will be the War Room. | ||
| We will have Natalie and Mo and others. | ||
| I'll be back at 6. | ||
| President Trump is going to speak today. | ||
| Besides being Flag Day, it's President Trump's birthday, he's going to speak before the Trump 47 down at West Palm Beach. | ||
| I will do the pregame on that starting at 6 o'clock. | ||
| President Trump will probably take the stage at 6.30. | ||
| I'll toss back to our new acquisition, Brian Glenn, formerly of Right Side Broadcasting now. | ||
| Real America's Voice man on the scene. | ||
| Also at noon, we're going to stream for the next, I think, four or five hours, Steve Stern, a Flag Day special. | ||
| About 50 or 60 speakers, including yours truly. | ||
| We love Flag Day and Steve Stern and the guys over at the Flag Show are coming to a spectacular job. | ||
| So make sure you're going to have to juggle a day, but tons of content all day long in the War Room. | ||
| Real America's Voice, Steve Stern. | ||
| We all have our Rumble channel up. | ||
| One million subscribers now on Rumble. | ||
| Also Getter, so Getter and all of our other platforms will be doing multiple duty today and then tomorrow 10 a.m. | ||
| Eastern Daylight Time. | ||
| We are live with the entire contingent at the War Room. | ||
| I'll be there. | ||
| It'll be incredible. | ||
| Everybody that's at the convention, I'll do a meet and greet, sign everything, take every photo, then I give a keynote speech. | ||
| Shortly afternoon and I'll do some of the workshops in the morning. | ||
| So a lot going on in the next 24-48 hours. | ||
| Dave Brat joins us. | ||
| Dave, okay, I want to connect some dots. | ||
| When we talk about, you know, we started with JD Vance, we started with the Kumbaya moment that took place on Capitol Hill yesterday. | ||
| And what this amazing polling shows, we saw what MSNBC and the New York Times and others, the Guardian, say about the rise of the populist nationalist sovereignty right in Europe, and this is now being driven by a youth vote. | ||
| That's what's got them in shock, both in Germany, Alternative for Deutschland, and of course Front National, or National Rally, in France. | ||
| It looks like National Rally now, the projection is to take I think 30 or 40 percent more seats than Macron. | ||
| They've dissolved parliament. | ||
| It looks like the alliances they're putting together, they're going to have control of parliament. | ||
| The right, and I mean the right, not the center right, the right's going to have control of France. | ||
| Looks like Bardella, who's 28 years old, could be the next prime minister. | ||
| So there's an absolute revolution going on here. | ||
| At the same time, the old guard is stealing the Russian people's money. | ||
| They're stealing their assets to fund the war in Ukraine. | ||
| Completely illegitimate, but more important for your personal life, it's the end of the dollar empire. | ||
| The dollar has been the prime reserve currency since Bretton Woods in 1946 or 47. | ||
| We did go off the gold standard in 73, but we then had the petrodollar with the Arabs. | ||
| Arabs have just notified us they don't want to renew the contract. | ||
| They don't want to renew it. | ||
| Why? | ||
| Because the Biden regime, the fiscal mismanagement, the monetary mismanagement of this country has taken the purchasing power of the dollar down 20% and they can't live with a fiat currency that's losing 20% every couple of years. | ||
| It doesn't work like that. | ||
| The BRICS nations, the Global South, the people that have All the assets, they're saying no. | ||
| We're buying gold at record rates. | ||
| We're looking to put together some other currency that can get us off the U.S. | ||
| dollar because you guys are crushing us. | ||
| At the same time, this system we have here in the United States by our ruling class is crushing the American worker and the American middle class. | ||
| Dave Brett, you've done some analysis of that. | ||
| I'm going to toss it to you. | ||
| Take it away, sir. | ||
| The floor is yours. | ||
| All right, that's great. | ||
| That's a bunch of dots right there. | ||
| And then I have a few more dots. | ||
| And these new dots are going to show why it's so important to have a nationalist and populist emphasis, right? | ||
| The America first, putting the American citizen first, right? | ||
| When you see these stories unfolding before your eyes, I'm all for individualism, right? | ||
| Individual rights under the law. | ||
| I covered that yesterday under the Judeo-Christian West. | ||
| Yes. | ||
| But if this country does not get our basic structures right in the economy, the American people don't have a chance. | ||
| We don't have a chance of fighting for a livelihood under the current globalist rules. | ||
| And so I'm going to start off at the 30,000 foot level, show you what's going on with this great farm invasion of America. | ||
| If Denver wants to put up the first chart. | ||
| This one, foreign developers including Chinese, Russian, Iranian and Venezuelans now own at least 40 million acres of U.S. | ||
| land near military bases from coast to coast. | ||
| Period. | ||
| Next sentence, government admits it does not know full extent of land grab. | ||
| This is America-first territory right here. | ||
| Free markets are not going to work right here, right? | ||
| You can't have free markets and let the Chinese come in and buy land on your military bases, right? | ||
| So this is why, you know, quoting our brother Peter Navarro, getting the structure of the economy right matters. | ||
| The next chart, Denver, it's the same thing, just shows you a blowout of the states, right? | ||
| You know, think Silicon Valley up there, the Chinese foreign entities are buying our land, Texas down on the border. | ||
| China has an elaborate intelligence complex already, right, building up from in Mexico. | ||
| They're building a trail of highways and drug corridors that are incredible. | ||
| We'll get into that at a later date. | ||
| Next chart, Denver. | ||
| Here's what America used to look like. | ||
| And we got to get our heads on straight and get back to this a little bit, right? | ||
| As a free market economist, right, I get there's efficiencies to getting bigger in agriculture. | ||
| Okay, that's fine to a point. | ||
| But now we have a competition. | ||
| There's a scarcity of land and water. | ||
| That's the next story we're going to get to. | ||
| There's a scarcity of land and water. | ||
| So as a country, We should be in control of these valuable assets. | ||
| So over the long term, what's happened? | ||
| Well, we used to have about 7 million farms right in the middle of that chart, that blue line up at the top. | ||
| And then the American farmer got crushed by big business. | ||
| OK, if there's some efficiencies in there, it's OK. | ||
| But if it's China, it's not OK. | ||
| And then the average farm size, that green line, went up over time. | ||
| And so that sets up the story today in The Hill. | ||
| The Hill, a global network of powerful elites fueled in part by Wall Street is buying up land and water around the world. | ||
| When countries like China import food, The writers note they're often buying land as a proxy for water because China doesn't have enough water. | ||
| So they're having to import food, even though it's a complex story, right? | ||
| China wants to be independent of us. | ||
| They don't want to do that. | ||
| But now let's just get down to the brass tacks, right? | ||
| And give some examples, right? | ||
| So 2015, Halverson breaks a story of Saudi-owned Saudi Arabia in the news yesterday. | ||
| Saudi-owned alfalfa farms were sucking the groundwater from Arizona to grow their cattle. | ||
| They sucked all the water out of the land. | ||
| There's no more water for the farms or for the cattle. | ||
| Ironically, La Paz's supervisor goes to bat for the American people, for her workers, | ||
| and finds out that the Arizona retirement system, her own pension fund, is invested | ||
| in the project that is draining the water beneath their county. | ||
| And so rather than fighting to protect the U.S. | ||
| land and food from other multinational corporations, here's the bottom line. | ||
| The governments at the county level, state level, U.S. | ||
| level, in the United States are working for the corporations. | ||
| Right? | ||
| And so this is the new upshot. | ||
| The American citizen doesn't have a chance of competing at that level. | ||
| And of course, this scales up, right? | ||
| This farmland issue scales up to China and Russia. | ||
| Russia is going to be a new powerhouse, right? | ||
| Food, in this article in The Hill today, turns out to be the new oil. | ||
| Right, so they're arguing there are going to be global geopolitical wars over land, and it's going to be powerful, as Mearsheimer would suggest. | ||
| Whoever has the guns is going to get the land. | ||
| So it's going to be Russia. | ||
| They're abundant in land. | ||
| They're working on it. | ||
| The U.S. | ||
| is abundant. | ||
| And so what should our policy be? | ||
| The United States should shut down immediately. | ||
| The burden ought to be on China and Argentina and Russia. | ||
| If you want our land, you need to go through a million steps before we're letting you near our land or near our military bases with absolute certainty. | ||
| This article also shows in 14, right, the Ukraine war, Ukraine, the breadbasket, right, | ||
| so a very important strategic source of land, and Russia is very nervous about that war. | ||
| Exactly. | ||
| They're the Kansas of Europe. | ||
| But hold on. | ||
| I want to get... | ||
| I want to get... | ||
| I want to get back to first principles. | ||
| There should be no foreign ownership, CCP or not. | ||
| There should be no, we don't need Arabs. | ||
| We don't need the Persians. | ||
| We don't need the Europeans. | ||
| I don't care what your race is. | ||
| I don't care what your religion is. | ||
| If you're not United States of America, you don't own the sacred sword of the United States of America. | ||
| Am I incorrect on that? | ||
| No, especially if you're going to make policy right now. | ||
| I mean, are you going to continue this policy and put our national security and our foodstuffs for the next generation at risk? | ||
| Hang on, hang on. | ||
| I just want to make sure. | ||
| Hang on, hang on. | ||
|
unidentified
|
Whoa. | |
| I just want to make sure. | ||
| You're an Austrian. | ||
| You got the Ph.D. | ||
| You got your theology Ph.D. | ||
| from Princeton, but you got Princeton Seminary. | ||
| You're also a Ph.D. | ||
| in economics. | ||
| You're the Austrian School of Economics. | ||
| Every time I want to throw up a tariff, every time I want to protect the American worker, you get cross-eyed on me. | ||
| I know we've trained you. | ||
| We've brought you a long way, Brat. | ||
| We're bringing you a long way. | ||
| But the Austrian School of Economics is going, no, if capital wants to come and buy land and they got a higher price, you sell it to the guys with the highest price. | ||
| Now, land is different, right? | ||
| Land is different. | ||
| You just can't let the Chinese Communist Party come over here. | ||
| You can't let the Arabs come over here. | ||
| They bought every sports league. | ||
| They own all of West London. | ||
| They own Belgravia. | ||
| Are we going to let the same thing happen here in our beloved country? | ||
| No, I genuflected before the war room on my opening remarks. | ||
| I said, this is why you need America First policies. | ||
| Free markets are not working here. | ||
| And in fact, my little joke for the day is if we get any more efficient, the American people, back under all the inefficiency when you used to have family farms, used to have a car and a house and pay their mortgage and have food and all sorts of nice things. | ||
| Now with all these efficiencies, because only the rich are capturing these efficiencies, so I'm still free market Chicago school in one sense. | ||
| You're supposed to maximize the happiness of our people, right? | ||
| And so I'm all for that. | ||
| But we're clearly not doing that. | ||
| And that's why President Trump policies actually started turning this country around. | ||
| He was the first one to put China in play. | ||
| He's the first person to put our border invasion in play. | ||
| All of it's related here to our national security and an American citizen first movement. | ||
| And now it's so common sense. | ||
| And you connect the dots every day. | ||
| And here's some more dots. | ||
| We have a farm invasion. | ||
| A farm invasion. | ||
| And the solution is so common sense, as of tomorrow, Congress ought to be shutting it down, right? | ||
| No more buying land in this country until we get our act together. | ||
| Shut it down. | ||
| Amen. | ||
| Dave Brett, where do they go to get your charts? | ||
| You're amazing. | ||
| I know you got more for us. | ||
| We'll get to it on Monday. | ||
| Where do people go? | ||
| Your charts are amazing. | ||
| Your social media engagements are crazy. | ||
| Where do folks go? | ||
| Yeah, just Brat Economics on Getter. | ||
| I got a couple other charts on home prices, but it's a very similar story. | ||
| I'll post them all today. | ||
| Come visit Liberty University. | ||
| I'm going around the country giving talks on macro and faith and the Judeo-Christian West. | ||
| Get me at Liberty University. | ||
| My email's on Brat Economics on Getter. | ||
| Thanks, Steve. | ||
| Yeah, on Monday. | ||
| Put the charts up today, but I want to go through the home prices, because it's quite important when we talk about embedded inflation in this current... This is the reason people 18 to 29 are voting through logic. | ||
| They're rejecting the system that is there. | ||
| They're particularly rejecting the economic system that's taking away their future, that's gutting their future. | ||
| They're not going to be like a lot of people just allowed the middle class in this country to be gutted. | ||
| Dave Brat, thank you so much. | ||
| Remember folks, it's not simply America first, it's American citizens first. | ||
| Just embrace that for a second. | ||
| How about this, the citizens of this country with all the duties and responsibilities and obligations, how about if you had a better deal than foreigners? | ||
| Would that work for you? | ||
| Short commercial break, back in the warm in a moment. | ||
| We are now the real opposition. | ||
| And this needs to be reflected. | ||
| As I said, it's beginning to be reflected by the polling industry, but it needs to be reflected by the broadcasters as well. | ||
| Because Ofcom, on the guidance they've given to broadcasters, say that really the most important of all the factors is the performance in the last two general elections. | ||
| We haven't stood in the last two general elections. | ||
| It's as if everything about our politics is designed to stop new boys and girls coming in and to keep everything the same. | ||
| At the moment, broadcasters are giving our party 8% of their coverage, which clearly is nowhere near in line with where we actually are. | ||
| But there's something else I want to ask for today. | ||
| The BBC will be having a leaders' debate, a four-way leaders' debate, with the leader of the Liberal Democrats, the Conservatives, Labour and the SNP, and that takes place next week. | ||
| And I think we can demand of right now that the BBC put us into that debate. | ||
| I would also very much like To do a debate head-to-head with Keir Starmer. | ||
| And the reason is very simple. | ||
| We think that this should be the immigration election. | ||
| Because whether we're talking about rents, whether we're talking about housing availability, whether we're talking about access to GP services, whether we're talking about pressure on infrastructure, there is no aspect of our national life that is not touched by the massive population crisis this country now faces. | ||
| Directly as a result, Folks, this is stunning. | ||
| Raheem Kassam joins us. | ||
| He broke away from some stuff to do it. | ||
| Raheem, thanks. | ||
| This is also the ticket to Trump's massive win in November. | ||
| This is just like Brexit. | ||
| It's inextricably linked. | ||
| Tell us what's happened in the United Kingdom, sir. | ||
| Yeah, look, Steve, you and I have said for a long time now that these things are immigration elections. | ||
| Whether it's Germany, whether it's France, whether it's across the European Union, the European Parliament, whether it's in the United Kingdom or indeed the United States, this is the issue that keeps getting raised again and again. | ||
| And Nigel Farage, when he was speaking yesterday at the Leaders' Debates, kept hammering that point home. | ||
| Every single answer brought it back to the point. | ||
| The UK has had a 6 million people increase in the last 10 years. | ||
| It's too much. | ||
| The complaints that people give about the state of the nation. | ||
| Oh, I have to wait too long in line to get a hospital visit. | ||
| I have to wait too long in line to get a doctor's appointment. | ||
| My kid can't get into school. | ||
| We can't get on the housing ladder. | ||
| All of these issues come back to mass migration. | ||
| You heard him there. | ||
| He was speaking in Westminster this morning at an emergency press conference. | ||
| Well, he said, due to the poll that came out yesterday that shows his Reform Party overtaking the Conservative Party, he said, we demand a place on that stage in the debate next week. | ||
| And he went one step further. | ||
| He said, actually, I would like to be the opposition leader. | ||
| I would like to debate Sir Keir Starmer, the leader of the Labour Party, and take that point to him. | ||
| Because the Labour Party keeps ignoring immigration as an issue. | ||
| They won't say what they'll do with it. | ||
| I think that's, you know, we all know what they'll do with it. | ||
| That's why they don't want to tell the British public. | ||
| And the Conservative Party, of course, keep lying through their teeth whenever confronted by their record, not just on immigration, but on the economy and all sorts of other things as well. | ||
| There is a massive, massive avenue here for the Reform Party, for Nigel Farage, to really break away from the mould, not just that they've tried to set for him, But the path that they've tried to set him on, and it seems to be working. | ||
| Reform is now, as I say, one poll, one poll, so we'll see how the next one's come out. | ||
| Show them in second place now in the UK general election, which is extraordinary when you think about what he just said in that clip. | ||
| They haven't even contested the last two general elections in the United Kingdom, and yet here they are in an extremely powerful position. | ||
| So it's all to play for, and Nigel's trajectory once again is up. | ||
| Rahim is going to leave this weekend. | ||
| He's heading to both the United Kingdom for the coverage there. | ||
| He's heading to France for coverage there. | ||
| There's a revolution going on in Europe and it is directly connected to the revolution going on here in the United States. | ||
| Rahim, I want everybody to get access to National Pulse. | ||
| Your reporting and breakdown of this is second to none. | ||
| Where do folks go? | ||
| Yeah, look, you know, I was going to go to Detroit and join everyone and join the posse over there, but, you know, I've got too much to prepare for the UK trip, for the France trip, all of that, so we're focused on that. | ||
| thenationalpulse.com forward slash war room to support all of our work and sign up. | ||
| We do an evening newsletter. | ||
| It's free. | ||
| You get all the news in your inbox at thenationalpulse.com forward slash war room. | ||
| Thanks, everybody. | ||
| It's amazing. | ||
| Nigel Farage, out of nowhere, with what he's done and laid the groundwork for this since pre-Brexit for the last 10 or 20 years, now the Reform Party leads the Tories 19% to 18%. | ||
| Absolutely stunning. | ||
| He is truly the leader. | ||
| He's talking about merging the two parties after the election. | ||
| He is the leader of the conservative movement over there, one of the greatest leaders in the world. | ||
| Raheem, great. | ||
| Can't wait to get over there and campaign with him. | ||
| This is historic. | ||
| You think Brexit was historic? | ||
| What's happening in France and what's happening in England and Germany right now is totally historic. | ||
| Mike Lindell, talk to me about a deal. | ||
| We've got to go at noon. | ||
| We're going to go live to Detroit. | ||
| Charlie Kirk on Real America's Voice, followed by Jack Posobiec. | ||
| Got Miranda Khan and Tara Dahl. | ||
| We're back at 5 live from Detroit. | ||
| I'll be taking the 6 as we tee up President Trump's birthday celebration with Trump 47. | ||
| He's going to give a speech. | ||
| Steve Stern, we're going to be streaming Flag Day all day. | ||
| Give us a deal. | ||
| People want to talk deals and you got 90 seconds to talk it, sir. | ||
| All right, well, I'm looking forward to seeing you all in Detroit, everybody. | ||
| Yeah, yesterday we did it in this exclusive War Room Posse. | ||
| Go to the MyStore.com, everybody, and check it out, and you're gonna get all of my movies that I own free. | ||
| I'm in these movies, most of them, and these movies are in theaters, that they were in theaters. | ||
| You're giving pre-instructions. | ||
| I don't need $5 for it. | ||
| Let me let me jump hang on let me jump in here. I actually watched him last night | ||
| They're not documentaries. Most of these are feature films with Mike Lindell's an actor and they don't suck | ||
| I actually wouldn't let Mike play him yesterday. We don't have time now, but I watched him last night | ||
| I went to Mike I said these actually don't suck. You're not bad. You're not bad. I guess all that's selling a pillows | ||
| But there was a time before this election integrity, but you guys go that go to the my store support them | ||
| Get the free movies and go to my pillow comm You could go there to go to my pillow.com, go to the war room square, and you're going to get the free movies there too, for any purchase whatsoever. | ||
| You guys said all the War Room exclusives are still there with the dish towel sets. | ||
| By the way, we now have the six-pack dish towel sets. | ||
| They just came in. | ||
| We're going to give you for $25, same price as the four-pack. | ||
| They're all new colors. | ||
| Exclusive to the War Room posse. | ||
| MyPelo.com promo code WORM. | ||
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| 800-873-1062. | ||
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| 12 noon. | ||
| We're streaming. | ||
| Flag Day, because it is Flag Day. | ||
| Plus Charlie Kirk next live. | ||
| We'll see you back here at 5 p.m. |
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