Sept. 27, 2024 - Bannon's War Room
48:51
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
|
unidentified
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Pray for our enemies. | |
| Because we're going medieval on this, people. | ||
| I got a free shot on all these networks lying about the people. | ||
|
unidentified
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The people have had a belly full of it. | |
| I know you don't like hearing that. | ||
| I know you try 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? | ||
|
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. | ||
|
unidentified
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War Room. Here's your host, Stephen K. Babb. | |
| Friday 27th of September, Anno Domini, 2021. | ||
| Harnwell here, sitting in for Steve Bannon. | ||
| Good morning. | ||
| A lot to get through today, and we've made it to the end of the week, Friday. | ||
| Let's start with Marley Hornick, United Sovereign Americans. | ||
| Marley, good morning to you. | ||
| It strikes me that one of the big issues with the 2020 election and a lot of the fallout to do with the We all saw the social media, the Twitter, all the things that people, citizen journalists were seeing with videoing and filming, but the problem was that no one really knew | ||
| What to do with the information that they had. | ||
| And there was a bit of chaos for that reason. | ||
| One of the reasons I think that it took so long to file so many of these lawsuits state by state. | ||
| And I have to tip my hat to you here. | ||
| Every time you come on the show, you've done something which, as far as I'm concerned, is absolute genius. | ||
| And you've done it yet again. | ||
| You've taken the official election misconduct report and simplified process so that anybody, any American who goes to a polling station and see something that isn't quite right, they now have in their hand, at their very fingertips, they now have the means to catalogue this and to report it. | ||
| Tell us a bit about this, Marley, and good morning to you. | ||
| Good morning, Ben. | ||
| You're exactly right on target with this. | ||
| As someone who's been working in this sphere for years now, I have a long wish that people would not just post their concerns or their negative experiences, their denial of the vote, whatever they experienced on Facebook. | ||
| That is not an official reporting process and no election official or attorney general is required to investigate a Facebook post. | ||
| So what we have to do, if we really mean to have free and fair and honestly counted elections, where denial of the vote is viewed as an equal harm to dilution of the vote, we have to learn how to do this right. | ||
| So the election misconduct reporting process that United Sovereign Americans has just launched is exactly what you said. | ||
| It is a tool. | ||
| We've done the heavy lifting. | ||
| All you have to do is go to uniteforfreedom.com, hit the 2024 Election Complaint button, fill in your experience there, and you're going to sign it as a sworn statement. | ||
| It's not going to be notarized. | ||
| You can just sign it as a sworn statement because the Voting Rights Act says that no voter should have to be compelled to notarize a document in order to uphold their right to vote. | ||
| So we're just going to sign these as complaints and we're going to give you the information right there, the email addresses or the physical mail addresses. | ||
| You're going to download that complaint and send it to the people who have to investigate. | ||
| First of all, that puts them all on notice that problems took place. | ||
| Sorry, go ahead Ben. | ||
| Mali, just in terms of the technicalities of this, so you've prepared the simplified report pro forma that people need to fill in. | ||
| Do they send that to you or do they send it to the authorities? | ||
| How do you accompany people along the process and make sure, obviously breathing down the neck of the various election officials, how do you ensure that action is dealt with? | ||
| How are you involved in this? | ||
| People have downloaded off your site the form. | ||
| What happens next in terms of technicalities? | ||
| Sure. | ||
| So you're going to fill in the form on our site, and when you hit send, two things are going to happen. | ||
| An email is going to be sent to you. | ||
| Now, we tried to make this automated end-to-end, but unfortunately the risk of being viewed as a spammer and your critical information not reaching your officials was too great. | ||
| for us to overcome as a citizen organization. | ||
| So we're going to email you that report. | ||
| When you hit enter, one copy is going to get stored with United Sovereign Americans, and the copy you get, you're going to send it with the information that we provide you instantly to your chief election official of your state, which might be your Secretary of State, or it might be your Board of Elections, You're going to send it to your Attorney General, and you're going to send it to the Department of Justice at the federal level, the Public Integrity Office. | ||
| These are the officials who are tasked with Knowing exactly what took place in the statewide federal elections. | ||
| They have to make sure that every vote is fairly counted and every incident, if there is an incident, it's investigated. | ||
| And remember, the United Sovereign Americans lawsuits turn on the idea that Congress set a maximum amount of error allowed in a statewide election before it has to be investigated. | ||
| You can't certify an election with more error than what Congress stipulated because there could be fraud. | ||
| The presumption is that someone breached the system. | ||
| So you have to scour all of your records and find out, did that happen or did it not? | ||
| So when you send these reports, what you're doing is you're playing a numbers opportunity. | ||
| It's a good process because the officials should know what happened and they need to know what happened. | ||
| And on top of that, if they do nothing, United Sovereign Americans can use your complaint now to file a lawsuit alleging to the federal courts that not only did we prove this happened in 2022, but the threshold of reliability was crossed and no investigation was taken. | ||
| Certification proceeded for an uncertain process, a sham election process, really, on the American people. | ||
| Now we can say, look, Judge, they're doing it again. | ||
| They're only allowed, say, 43 errors, and we've already got 2,700 reports in of hard voting system errors or denial of the vote. | ||
| We have to do this if we really love this country. | ||
| If we really want to win, we have to do this forensic heavy lifting. | ||
| And United Sovereign Americans, all you have to do, we gathered all the intel on where you have to send this, who you have to send it to, what are the addresses, email and physical mail. | ||
| You take your pick. | ||
| Send it. | ||
| That creates evidence because we know these officials are not going to look into it. | ||
| They never do. | ||
| They think we're a bunch of idiots. | ||
| They're wrong. | ||
| We're outsmarting them this time. | ||
| So let me get this right. | ||
| Across the 50 states then, according to where you live, the module will be appropriate to the actual state, the law, the electoral law in that state at that time. | ||
| Is that right? | ||
| Correct. | ||
| Yep. | ||
| And it will provide you with the correct officials at the state at the top level for your state that need to hear about your experience. | ||
| Again, Facebook doesn't care. | ||
| The election officials, the law enforcement officials, they have an affirmative duty under the United States Constitution to care. | ||
| If they flout that responsibility, they need to be held accountable for it. | ||
| And the election cannot proceed. | ||
| You see, United Sovereign Americans, by filing those nine mandamus lawsuits in nine states covering 173 electoral college votes, what we did was pre-position standing on the basis of civil rights to file an injunction against the certification of a | ||
| process that doesn't meet Congress's standards of reliability. Congress gets to determine how | ||
| its members are elected. | ||
| We have to help. So back in 2020, for example, then when we saw issues of the election officers | ||
| sort of closing their blinds so you couldn't see inside, and you saw the sort of that you saw | ||
| the footage of ballot boxes being wheeled off without the appropriate protocols and | ||
| all these things, you know, we're all inundated by all of these. | ||
| queryable events. | ||
| Now there's a place for people to go. | ||
| As far as I'm aware, Marley, you're the only NGO that has put something together like this, to centralise this, state-specific, obviously, in order for people to come with their concerns. | ||
| Just one question. | ||
| Do you have, seeing as this is all automated by internet, do you have the capacity for people to upload footage that they will record with their mobile phone? | ||
| Yes, we do. | ||
| Absolutely. | ||
| You can upload footage, you can attach photographs or documents, whatever you have that constitutes evidence of a violation of election law or a denial or dilution of the right to vote needs to be uploaded into this clearinghouse. | ||
| And I just want to clarify, Ben, yes, we're the only NGO that has created this kind of reporting structure and filed lawsuits to preposition standing and these injunction | ||
| lawsuits are being drafted already. | ||
| We're not saying like, hey, maybe we'll file a lawsuit down the road. | ||
| We're saying we already have attorneys writing these lawsuits. | ||
| What we need is your reports to fill in as the, those are going to constitute the exhibits. | ||
|
unidentified
|
Outstanding. | |
| That is absolutely outstanding. | ||
| Marlee, once again, what was that website that you mentioned? | ||
| It's UniteNumber4Freedom.com. | ||
| U-N-I-T-E Number4Freedom.com. | ||
| This is an extraordinary opportunity for the American people to right now participate in the process of holding elections accountable to congressional standards of reliability and holding election officials who ignore the law accountable for civil rights deprivations acting under color of law. | ||
| We're writing all those lawsuits right now, people. | ||
| We have to take this to the mat. | ||
| The parties are not doing it. | ||
| The candidates are not doing it. | ||
| No one's doing it. | ||
| We have to do it. | ||
| And you can help. | ||
| You're important and you can help. | ||
| Marley Hornick, United Sovereign Americans. | ||
| Absolutely outstanding. | ||
| Great initiative. | ||
| And I'm sure you'll be back on the show as we move towards the election where you can give us an update on how this is going down. | ||
| And I'd recommend to the whole posse now, just take a look today. | ||
| Just go onto the website. | ||
| Take a look today so you can see the format. | ||
| On November the 5th itself, if you see something, you will already be familiar. | ||
| Is there something on the site, just quickly Marlon, is there something on the site where people can download, like for example, the Miranda Rights, where it will just tell you what the headline issues are that were observed? | ||
| In 2020. | ||
| So people can have, you know, they might have an instinct, they might see something, that's not right. | ||
| I heard something on the war room, I heard someone talking about this, that's not right. | ||
| But there's a list where people can go just to brief themselves on what the absolute elements are so that they can go, print it out, perhaps take it with them and confront any election officials if they see it and record themselves whilst they're sort of presenting this to the officials. | ||
| No, we didn't provide that. | ||
| I think that would be viewed as probably adversarial to a degree that could create liability for either the voters or United Sovereign Americans. | ||
| You'll have to use your instinct and your understanding of what the right to vote means If you need some refreshing on that, sign up for our stay informed list and you'll be invited to our Tuesday night symposium weekly studying election law and refreshing all of us and making us all a little bit smarter about how to really fight this. | ||
| You know, and that reminds me, Ben, I wanted to mention one other way that we can start fighting back about the issue of illegals voting, because I know a lot of Americans are very concerned about this. | ||
| And the focus right now is on whether or not they're going to cast a ballot in the 2024 election. | ||
| They want to bring everyone's focus to a slightly different problem. | ||
| Which is that states that have small electoral college representation, so they have small electoral power compared to the big states, they're in a conundrum when the big states are adding illegal aliens to their registration lists in large numbers. | ||
| The problem they have is, first of all, the state is delegitimizing the federal government by conducting an election process. | ||
| That's a lot, right? | ||
| The other problem they have is that the states are defrauding the federal government in regards to apportionment. | ||
| So if you have a small electoral base in your state, how do you bring home the bacon for your constituents when you're standing there watching these other states file in these illegal aliens, park them in hotels all over the state, and add them to the rolls? | ||
| You basically have two choices. | ||
| One is to Bring illegal aliens into your state in order to compete. | ||
| You have to break the law. | ||
| The other option is that right now, and this is what I want the American people to do, the war room posse, the other thing these attorney generals can do is uphold the law. | ||
| And United Sovereign Americans is uniquely poised to help an attorney general or a group of attorney generals do this. | ||
| So right now, call your attorney general. | ||
|
unidentified
|
Here's your host Stephen K. Bamm. | |
| Marley, would you mind just giving the context for that stay informed list that you mentioned before the break? | ||
| Absolutely, Ben. | ||
| It's the same website, unite4freedom.com. | ||
| And there's a stay informed opportunity. | ||
| So you just hit that and you'll be on our mailing list and you'll get the invite every week to our study session where we get smarter together about not only how to protect the right to vote, but what it really means going back into primary documents, into Supreme Court decisions and reading the actual law itself. | ||
| It's like a lightning bolt compared to what you get by studying elections on social media. | ||
| Marley Hornick, absolutely outstanding. | ||
| My highest compliments. | ||
| We'll catch up again with you soon on the show. | ||
| Thanks for coming on. | ||
| God bless you now. | ||
| Thanks Ben, you too. | ||
| Thanks Marley. | ||
| My next guest, John Tamney, the editor of Real Clear Markets. | ||
| John, good morning. | ||
| You put out an article, which I was reading, which was very interesting here, because there's some discussion to do with what Trump's policy should be with regards to the SALT deductions. | ||
| Could you just sort of, before explaining why this is of interest? | ||
| to an America First movement like MAGA. Would you just sort of just fill in the details here | ||
| and say what this sort of state and local tax deductions is and how it comes to play and how | ||
| its implementation affects differently blue states from red states? | ||
|
unidentified
|
Well, historically, if people paid a lot of taxes, city and state taxes wherever they lived, | |
| they could deduct the amount against what they paid to the federal government. | ||
| And... | ||
| And this was of particular importance to people in blue states, states like California, New York, Illinois. | ||
| They pay higher taxes locally and the government spend more locally. | ||
| I'm making the case that we want this deduction. | ||
| And in fact, we should really want a state and local tax credit. | ||
| We want to limit any way possible money flowing to Washington, and so this is one way in which we can do it. | ||
| If people want to have big government locally, do that, and then credit that against federal so that the federal government doesn't have more funds to grow. | ||
| And why would there be Republicans who are opposed to this, opposed to Trump? | ||
|
unidentified
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Republicans are opposed to it because they make the case that, well, you know, Texas and Florida and Tennessee, red states, they don't have taxes. | |
| And so they view assault deduction as the red states subsidizing blue states. | ||
| I think that's a backwards way of looking at it. | ||
| People in Texas, Florida and Tennessee and other low tax states, by virtue of having low local taxes, don't like big government. | ||
| And so why on earth would they want more of that money coming from big government states like California and New York flowing to Washington? | ||
| Why not keep those values of big, bloated, high-taxing government in the states, which is what conservatives should want? | ||
| We want local government, we want people to find their bliss in their state, and we want as little money as possible going to the federal government. | ||
| Why did, when President Trump introduced this deduction, I think it was in 2017, he set a cap of $10,000 on the deduction, if I've got that right. | ||
| Why did he set a cap on it? | ||
|
unidentified
|
Well, he did because the idea was for the people who aren't higher earners in those states, they'll at least still get some deduction. | |
| But let's hit the higher earners, frequently Democrats, in states like New York and California. | ||
| I think this was a big mistake. | ||
| Since when do we as Republicans want to penalize achievers, regardless of party? | ||
| But the bigger thing is, since when do we want money in enormous amounts flowing to Washington. | ||
| Our goal is to is to make governments local. | ||
| And so in any way possible, we want to do this. | ||
| But Republicans figured, OK, well, these states don't vote for us in the first place. | ||
| Let's theoretically please the red states by saying we're going to take away this deduction | ||
| that largely favors people in the blue states. | ||
| Now, in my question, I asked what I'd like to come down to come back to now. | ||
| Why would this audience specifically obviously that this audience is is madly enthusiastic | ||
| for for for Donald Trump's program generally? | ||
| But why would they be wanting to support or why would MAGA want to be supporting this | ||
| sort deduction specifically? | ||
|
unidentified
|
the. | |
| First of all, because MAGA wants a successful Trump presidency. | ||
| Donald Trump has said that it was a mistake, or essentially that he's implied that it was a mistake, to get rid of this deduction in the first place. | ||
| So he wants to bring it back. | ||
| That's the first thing. | ||
| Second thing, MAGA types believe in local government. | ||
| They're activists. | ||
| The problem with a large and growing federal government is they can't control that as much. | ||
| You want governance to be local, and this encourages just that. | ||
| Have taxing and spending occur inside the state. | ||
| Let's also add what did Steve Bannon say once during the Trump transition back in 26 and 2017. | ||
| When you're coming to talk to the president-elect, let's talk about ways in which we can create jobs. | ||
| Well, jobs are a function of investment. | ||
| You can't get no economic school of thought gets around that truth. | ||
| The rich, by virtue of being rich, have the most disposable funds to invest. | ||
| And so in returning the SALT deduction, what we're doing is we're keeping more money in the pockets, yes, of rich people. | ||
| Let's get that out there. | ||
| And they're precisely the ones that can put wealth to work on the way to creation of new companies and jobs. | ||
| The last thing you ever want to do is to make government the winner. | ||
| And the repeal of SALT made government the winner. | ||
| It meant they could fleece taxpayers in the U.S. | ||
| at even greater amounts. | ||
| And I'd like to think, lastly, that MAGA types intend to be rich someday. | ||
| They've got great dreams, too. | ||
| Why should the penalty for getting rich be higher taxes? | ||
| I tell you something that, as a student of politics, that I always found particularly impressed, that I was particularly impressed by, regarding the MAGA movement, the America First movement, which is a populist movement at its heart, a populist and nationalist movement. | ||
| And that is, in Trump's 2016 campaign, He never once played, and this is really exceptional as far as populism goes, looking, for example, at Latin American populism, which is a totally different phenomenon. | ||
| There was no populist schtick based around envy, which is a typical socialist play. | ||
| I think it's ruined Latin America, largely, this idea. | ||
| And I think this is because the American people would have rejected that. | ||
| The American people famously, right, it is one thing that right across the world people know the American people for, it's an independence of spirit. | ||
| And traditionally there's been always a distaste towards sort of envy peddling. | ||
| On behalf of political leaders. | ||
| I think that point doesn't get made frequently enough. | ||
| This is something that puts the American MAGA brand of populism in a very different category from other forms of populism around the world. | ||
| I think that's one of the reasons why a lot of people listen to this show. | ||
| And because the America First audience is an emotionally mature audience, it will sit there and it won't react negatively when they hear someone like you say, yes, well, you know, this will leave more money in the pockets of rich people, but that money will be invested to create jobs. | ||
| You won't hear that kind of argument made in populist circles pretty much anywhere else around the world. | ||
| I think that's an intelligent intervention. | ||
| John, tell me something, just quickly before you go, about the Parkview Institute, which I gather you're all so familiar with. | ||
|
unidentified
|
Yeah, well, the first thing, just a quick comment on that, yes. | |
| What could be more populist than entrepreneurialism? | ||
| What are entrepreneurs doing but saying we reject how people have been doing things for the longest time. | ||
| We're going to introduce a new way of not just meeting the needs of people but leading them. | ||
| And so wealth creation is the ultimate statement. | ||
| That we're going to put the past in the past and invent new ways of making people's lives better. | ||
| So I agree. | ||
| I think once our side becomes about envy, put it to bed. | ||
| What is the Parkview Institute? | ||
| It's a manifestation of my views. | ||
| I think it's important to remember that we get, we win not through envy, but we win through optimism. | ||
| That what we have is really remarkable, and you know this being from England. | ||
| People look to the United States as a special place. | ||
| I want to make what's special spectacular. | ||
| I think if we can even win the arguments a little, we're never going to get what we want in an ideal form. | ||
| We will never get Adam Smith. | ||
| You and I are both fans of Adam Smith. | ||
| But if we can just change the terms of the debate a little, with an optimistic take on how much better we'll get, we can make the world a much better place. | ||
| Standby, we'll finish this point in two minutes. | ||
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unidentified
|
promo code BANNED. | |
| Just finishing off now with John Tamney, editor of Real Clear Markets. | ||
| Just before the break, you were saying something and I want to respond. | ||
| Ever since I was a kid, I've always been particularly impressed by two elements, specifically two elements that I always firmly kept within the bracket of American exceptionalism. | ||
| The first was the fact that Americans largely on either side of the political divide weren't particularly interested in acquiring The wealth legitimately earned and generated by other people, which is almost, it is exceptional. | ||
| I can't think of any other nation where that happens because, you know, the left-wing parties, that is their shtick. | ||
| We will take wealth from the rich, right? | ||
| And we'll give it to you. | ||
| That's buying votes, right? | ||
| Americans traditionally were never really interested in that. | ||
| They just wanted a fair kick at the ball. | ||
| I thought of that. | ||
| I won't go into what the second aspect was, because it's not particularly important here, but I'll just mention it in a sentence. | ||
| You're the only people I'm aware of in the history of the world that raised statues and allowed statues to be raised to heroes on the other side of a war that had been beaten. | ||
| That's obviously not past into history. But I think that both those things were | ||
| really indicative of a magnanimity in the American people, fast disappearing as you import | ||
| tens of millions of people into your country who have very strongly different set of | ||
| ideas. John, where do people go to read more in your article, for example, today on real | ||
| clear markets? | ||
|
unidentified
|
Well, they can go to real clear markets every day. | |
| I put out a column every day. | ||
| You can go to Amazon.com and you can hopefully buy all sorts of my books. | ||
| There's seven up there. | ||
| And then I'm at X.com, Jay Tamney. | ||
| But yeah, I'll just end it with, I appreciate your compliment. | ||
| I think the reason Americans are so Loving of wealth is that they descend from people who risked it all to get here not for security But for the just the chance to express what was unique about them to to make their own mark to better their lives And so I think that attracts a certain kind of people and you know, we might disagree here I think what you can find that in the people coming today So many of them love themselves too much to stay where they are and they want to get here. | ||
| I John Tamley, thanks so much. | ||
| Quickly, before you go, Parkview Institute, where do people go if they want to know more about that? | ||
|
unidentified
|
www.parkview.org. | |
| It's an entity meant to talk optimistically about all that we have to be grateful for and to improve the debate based on that. | ||
| We're great. | ||
| We can be even greater. | ||
| John, thanks for coming on the show. | ||
| God bless. | ||
|
unidentified
|
Thanks for having me on, Ben. | |
| Thank you. | ||
| OK, moving on now, Jim Rickards, good morning to you. | ||
| Before you came on the show, we were discussing earlier, you made a point here that was pretty insightful, I think. | ||
| The background is that yesterday, Janet Yellen gave a speech at the 2024 US Treasury Market Conference in New York, and she was setting the scene Basically saying that an underpinning of the American economy is the rule of law. | ||
| And before you came on the show, you made an absolutely astounding argument to say this is the very person who's been undermining that concept to do with the rule of law in the confiscation of Russian assets. | ||
| We'd like to say a bit about the conference that Janet Yellen spoke at yesterday and perhaps give an insight as to why she as Treasury Secretary is talking on these themes, presumably trying to stack the debate against President Trump. | ||
| Sure. | ||
| And it came down to one sentence from Janet Yellen. | ||
| But when I read it, first of all, it kind of jumped off the page of me. | ||
| And then it just led to a whole chain, which we'll cover very briefly. | ||
| But yeah, this is an annual Treasury Capital Markets Conference. | ||
| She was the keynote speaker. | ||
| Her speech was about risks in the banking system and stability. | ||
| That's a whole separate subject. | ||
| She's saying it's very stable now. | ||
| Of course, nothing could be further from the truth. | ||
| But the day before the speech, On Wednesday, she gave an interview to a reporter from Politico, and the reporter asked her specifically about change of government, obviously a reference to January 6, 2021, and we could get into what's going to happen on January 6, 2025. | ||
| But it was clearly a leading question about, you know, if Donald Trump wins and he somehow or loses, let's say, and somehow disrupts This is what the White House calls an all-of-government approach. | ||
| So she took the bait and she said, yes, and I'll read, it's a very short quote, I'll read it exactly. | ||
| She said, quote, it really is essential to our having a democratic system and a democratic government. | ||
| And one of the tremendous strengths of our financial system is that it is based on strong institutions and the rule of | ||
| law. | ||
| So that's revealing it in three different ways. | ||
| Number one, this is what the White House calls an all of government approach. | ||
| And what that means is when they have a policy issue, whether it's a climate hoax or open borders or defeat Trump, | ||
| etc., they expect every agency and every department to get | ||
| involved and pursue that goal, even if it has nothing to do with the mandate of that agency. | ||
| So, for example, if you're talking about climate change, yeah, I guess the Department of Energy and EPA should weigh | ||
| in on that. | ||
| But the White House actually pressured the Federal Reserve to use bank regulatory powers to tell banks that they | ||
| couldn't lend to oil companies. | ||
| So this is what we mean by all of government. Everybody's in and we're going to push this goal. | ||
| And if you don't think it's your area, they say, you know, try harder, find a way. | ||
| So here's here's Yellen kind of chiming in on that. | ||
| This whole issue of a transition of power and why Donald Trump's a threat to democracy, even though that has nothing to do with the Treasury Department, number one. | ||
| Number two, you want to talk about threats to the U.S. | ||
| Treasury securities market? | ||
| You want to talk about threats to the banking system? | ||
| The biggest threat is Janet Yellen. | ||
| And the reason is she's behind the theft of $300 billion of U.S. | ||
| Treasury securities lawfully purchased by Russia, by the Central Bank of Russia, and put into their reserve positions. | ||
| So here, despite animosities, etc., Russia had $600 billion of reserves, mostly earned through energy exports, etc. | ||
| They put $300 billion of them into U.S. | ||
| Treasuries, trusting the U.S. | ||
| government, trusting the rule of law, and those were kept in custody in banks in a custodian called Euroclear. | ||
| Yellen seized them—sorry, to be clear, froze them. | ||
| At the outbreak of the special military operation in Ukraine in 2022. | ||
| Freezing assets is not that unusual. | ||
| We kind of do it all the time. | ||
| U.S. | ||
| is pretty good at it. | ||
| But then she took it a step further and said, we're going to steal the assets, not just freeze them, which means, you know, we'll work it out later, but actually take them, put them in a different name, use them to finance the war in Ukraine. | ||
| Because the Congress was, you know, they did pass 60 billion. | ||
| A few months ago, but they made it clear that was going to be the last go around. | ||
| So that 300 billion was going to be available to finance the war in Ukraine. | ||
| So what's the reaction to that? | ||
| This is how the White House can't think, you know, beyond one move. | ||
| The reaction is this supercharged the effort of the BRICS, Brazil, Russia, India, China, South Africa, now five other countries have joined to create an alternative currency as a payment currency. | ||
| We have a BRICS summit, the leader summit. | ||
| They have hundreds of meetings a year. | ||
| But the Leaders Summit, so about Putin and Xi Jinping and Lula and Prime Minister Modi of India, Ramaphosa of South Africa, they're meeting in Kazan in the Russian Federation on October 21st. | ||
| There's a rotating presidency. | ||
| Russia happens to be president of the BRICS this year, and so Putin's going to be the host for this. | ||
| They're going to advance the ball by admitting a lot of new members. | ||
| And people say, you know, you can't challenge the dollar. | ||
| The dollar is too strong. | ||
| I said, yeah, the dollar is king of the hill. | ||
| There's no doubt about that. | ||
| But the way you challenge it is anybody can print up a currency. | ||
| I could print up a currency and sell it to you for dollars or whatever. | ||
| But you need a large membership. | ||
| When you have a large membership and they agree on a certain currency so that if I export to you and you pay me in the currency, I don't have to spend it in your market. | ||
| I can spend it in 20 other markets. | ||
| That's what makes a payment currency successful. | ||
| And that's exactly what the BRICS are doing. | ||
| So you have this. | ||
| So Janet Yellen, you know, gets her her helmet on, you know, her beat Trump helmet on and talks about Trump as a threat to democracy and therefore to the Treasury market. | ||
| She's the greatest threat because she's stealing $300 billion of Russian assets. | ||
| And the pushback would be to advance the creation of a new currency that will challenge the dollar. | ||
| So it has profound implications for the U.S. | ||
| system. | ||
| By the way, this is why One of the reasons why the price of gold is hitting all-time highs. | ||
| Right now, the price of gold is at an all-time high, very close to $2,700 an ounce. | ||
| Why? | ||
| Because central banks around the world are looking at Yellen and her theft of Russian assets and saying, maybe I don't want so many treasuries in my reserve account. | ||
| You can't get away from them completely without the margin. | ||
| You can buy gold. | ||
| So central banks, Americans don't seem to know much about gold. | ||
| Americans are not lining up to buy gold, but central banks are. | ||
| It's beginning 2010. | ||
| They've been net buyers for 14 years, and that's continuing. | ||
| So she's done more to undermine the Treasury market than anyone. | ||
| Jim, that was an outstanding analysis. | ||
| And if you could say one thing to President Trump, who will be thinking about his platform | ||
| for the subsequent four years of his second administration, would that one thing be to | ||
| do something to cement down on the rule of law in the United States, in terms to give | ||
| confidence back in America, for America, throughout the rest of the world? | ||
| Well, absolutely. | ||
| I mean, to, you know, the selection of a first-rate Attorney General, you know, clean house of the Justice Department, stop the political prosecutions, which we see almost every day, you know, run lawfare off the road. | ||
| Lawfare was not what the law was intended to do. | ||
| It was intended to resolve issues, not create new ones. | ||
| But, you know, my specialty is capital markets and finance. | ||
| And what I would advise the president, by the way, one of your other regular guests, Judy Shelton, I think would agree and others, is have the U.S. | ||
| Treasury buy gold. | ||
| Because the U.S. | ||
| has the most gold of anyone in the world. | ||
| We have 8,000 tons of gold. | ||
| If it were announced that the U.S. | ||
| government is buying gold, the price of gold would go higher. | ||
| Well, who wins from that? | ||
| We do, because we have the most gold. | ||
| That would increase confidence in the dollar. | ||
| If you have confidence in the dollar, you're going to have confidence in the U.S. | ||
| Treasury market, because it's denominated in dollars. | ||
| I'm not saying full-blown 1890s gold standard. | ||
| That's a topic for another day. | ||
| But just add to the reserves in Fort Knox and at West Point. | ||
| The U.S. | ||
| will win because the price of gold will go up. | ||
| And number two, you'll strengthen confidence in the U.S. | ||
| dollar. | ||
| That helps the rule of law. | ||
| But your takeaway then from Janet Yellen's intervention is that it's either gaslighting or hypocrisy or both, right? | ||
| It's not only that America has confiscated, frozen and then stolen the $300 billion of Russian assets, it's that America was beating other nations around the world to do exactly the same, to undermine The international rules-based order, which I don't rate, but this is their shtick, right, undermine the very thing that they said that they were trying to defend. | ||
| 30 seconds. | ||
| Ah, well, we've lost. | ||
| We've lost Jim Rickards. | ||
| OK. | ||
| Well, then I think what we'll do is we'll see if we can get Jim back up and we'll give his socials, his strategic insights after the break. | ||
| My next guest is Todd Bensman, who's coming up, who's just got an article in, I think, I think it's right to say that the Daily Mail Online is the world's largest newspaper online presence. | ||
| Todd's got an incredible exposé of what the Biden administration is doing here in the United States, or in the United States, I should say. | ||
| So please stand by in two minutes. | ||
| We'll be back with Todd Bensman and I'll give you Jim Rickards' socials when we come back. | ||
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|
unidentified
|
Here's your host, Stephen K. Bamm. | |
| We've got a miracle of miracles from modern technology. | ||
| We've got Jim Rickards back. | ||
| Jim, you were just finishing off your point there before the line froze. | ||
| Why don't you just do a quick synthesis of what you were saying and then tell people where they can go to sign up for your excellent strategic insights? | ||
| Sure. | ||
| Again, the idea was that Janet Yellen is warning about threats to the financial system coming from Donald Trump. | ||
| And my point is, the greatest threat to the financial system is Janet Yellen, because she's stealing U.S. | ||
| Treasury securities from Russia, $300 billion worth, to use them to fund the war in Ukraine, which doesn't have popular support. | ||
| Beyond that, this is catalyzing the BRICS to come up with an alternative to the dollar. | ||
| So she's doing more to destroy confidence in the dollar than anyone. | ||
| My policy recommendation, there's a long list, but I would say, why doesn't the Treasury Uh, by gold. | ||
| Uh, and we'll be the biggest winner because we have the most gold. | ||
| We have 8,000 tons of gold. | ||
| But these are the kind of things that kind of escape the White House. | ||
| Uh, but yeah, thanks Ben. | ||
| To learn more, we have a landing page Meltdown24.com. | ||
| Meltdown24.com. | ||
| This is fascinating. | ||
| You can go there and subscribe to my newsletter, Strategic Intelligence. | ||
| We hope you do. | ||
| But there's a video and we've had an enormous response to this. | ||
| We explain how people are waiting for the election to be over on November 5th. | ||
| We make the point that the election is not going to be over until January 6th, 2025. | ||
| That's when Democrats are going to introduce a resolution. | ||
| This is the new house, not the old house, to declare Trump an insurrectionist and disqualify his electoral votes. | ||
| Even if Trump wins, Say, 300 electoral votes on November 5th. | ||
| They could all be disqualified on January 6th and that would put forward Kamala Harris as the president because under the 12th Amendment, whether you like or not, she's the only one you could vote for under the 12th Amendment because she's the only one who has Any electoral votes, even though she doesn't have 270. | ||
| When no one has 270, it goes to the House. | ||
| And the House would have no choice but to vote for Kamala Harris. | ||
| But I'm a lawyer, among other things, and I read the 12th Amendment closely. | ||
| The Republicans could foil this by standing out on the mall in the snow and denying the House a quorum. | ||
| The 12th Amendment says if there's no quorum to vote for Kamala, then J.D. | ||
| Vance would become acting president. | ||
| So it sounds bizarre. | ||
| It's all in the 12th Amendment. | ||
| We explain it at Meltdown24.com. | ||
| Jim, that's absolutely outstanding. | ||
| I might just point out, I mean it's obvious, but I might just point out the reason why Jallet Yellen is undermining the concept of the rule of law. | ||
| It's straightforward. | ||
| There's been no judicial process to do with the seizing and then the stealing, effectively, of assets which are stored. | ||
| In the United States. | ||
| It's like if I robbed you, Jim, of $50 in your wallet, you take me to court, we'd have a whole court process about this. | ||
| There'd be a jury, you know, you'd have police, you'd have you'd have a testimony or the rest of it for $50. | ||
| Janet Yellen, without any due process, any court, any judges, any jurors has basically, by her own civil service mandate, has ordered the confiscation Confiscation of 300 billion dollars worth of private individuals. | ||
| It's not like wealth owned by the Russian government. | ||
|
unidentified
|
These are private individuals' wealth that's just been stolen. | |
| And the due process will come when Janet Yellen moves forward. | ||
| Russia will counter-sue in Dubai, Hong Kong, Beijing and other places that have jurisdiction and freeze the entire $40 trillion of assets at Euroclear. | ||
| The legal reaction, the rule of law will come when Russia sues for the wrongful theft and ties up the entire global financial system. | ||
| That's how little Janet Yellen understands about international finance. | ||
| Well, you know, that lack of understanding isn't going to be something seen by the war in Posse. | ||
| They've been very well briefed this morning by you on this issue. | ||
| Thank you, Jim. | ||
| Thanks for coming on the show. | ||
| I strongly recommend people to go to your site and to sign up for your insights. | ||
| Thanks, Jim. | ||
| God bless. | ||
| OK, my next guest, we've got two minutes. | ||
| We're going to hold, we're going to open the second hour with Todd Bensman. | ||
| We're going to have a quick two minutes with Jolene Massaros now, who run the court case to do with the Biden bus. | ||
| Jolene. | ||
|
unidentified
|
Hi, thank you so much for bringing us on to celebrate this monumental win for free speech rights for every American. | |
| As you guys know, myself and five other Texans were sued in federal court under the Ku Klux Klan law for flying Trump flags next to the Biden bus in 2020. | ||
| For four long years, we've been abused by the same lawfare that's happening to Trump as average Americans. | ||
| And so free speech went on trial before a jury. | ||
| Earlier this month, we were in trial for two and a half weeks | ||
| where a jury trial found that we were not guilty and not liable for giving the occupants of the bus, | ||
| which include White House officials, Democrat politicians, and Biden-Harris campaign staffers, | ||
| emotional damage. | ||
| That is what they hold us into court for. | ||
| Emotional damage. | ||
| The jury found us not guilty in federal court, which sets a huge precedent for free speech rights moving forward in the 2024 election. | ||
| Julian, that's absolutely astounding. | ||
| Congratulations to you. | ||
| You must be very relieved to have won this court case, considering how so many of these things have been going due to the weaponised DOJ. | ||
| Look, in 30 seconds, quickly, because I know you've got to bounce. | ||
| We're very grateful for you coming on the show on such short notice to give this quick update. | ||
| Could you just quickly give your social media, where people might go, To keep up with your output and your commentary. | ||
|
unidentified
|
Yes, thank you so much. | |
| So, they can follow us on Twitter at FreeSpeechDeaf, which is short for Free Speech Defender, or on social media, my name, Joey Lynn underscore Massaros. | ||
| And we ask average Americans to join us in defending free speech rights moving forward, because what they're trying to do with us, they want to do with other Americans. | ||
| We have to ensure we protect our basic rights. | ||
| And I thought Steve Bannon might like knowing they used a clip of me with him at CPAC as part of their evidence against us during this trial. | ||
| It only served to prove that we did absolutely nothing wrong. | ||
| Joelyn Macias, thanks very much indeed for coming on the show and sharing your good news with us. | ||
| God bless. | ||
| Catch up again with you soon. | ||
|
unidentified
|
Thanks. | |
| Have a great day. | ||
| Thank you. | ||
| Back in two minutes with Todd Bensman, the legendary Todd Bensman and his exclusive The Daily Mail. | ||
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