All Episodes
Dec. 3, 2024 - Bannon's War Room
48:51
Episode 4098: Did The American People Get A Payout; Populist's Power to Take On The System
Participants
Main voices
m
mike davis
05:20
r
raheem kassam
07:35
s
steve bannon
25:15
Appearances
j
james rickards
04:53
Clips
j
jake tapper
00:08
j
joy reid
00:23
| Copy link to current segment

Speaker Time Text
unidentified
First of all, don't put me in a corner where I never went.
I am not saying the Democratic Party is finished and needs to be rebuilt from scratch.
You've been talking about some historical parallels.
I would draw an analogy and Joe, you remember to 1968 when Richard Nixon barely defeated the incumbent vice president who had taken over for the incumbent president who had withdrawn from the race.
That was a really close election, but it signaled a change, a big change, which was the end, really, of New Deal liberalism.
It didn't happen all at once.
It took maybe 12 years until Ronald Reagan swept it away in 1980. But that's where I'm looking.
More a trend, which is a trend toward populism, right-wing populism.
It's a global phenomenon.
Yes, Mika, you're right.
It's been coming in this country for eight years.
But the fact that Donald Trump won again...
Despite being pretty unpopular, despite having tried to overthrow an election, despite being a convicted felon, tells me that that trend, that sentiment in the public to get rid of old institutions, to overthrow the status quo, it's a really strong one.
Strong enough to re-elect this, I would say, degenerate felon.
And Democrats would be foolish not to look at that and say, we may be defending a status quo that the country has had enough of.
steve bannon
This is the primal scream of a dying regime.
unidentified
Pray for our enemies, because we're going medieval on these people.
steve bannon
I got a free shot of 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.
jake tapper
And where do people like that go to share the big lie?
unidentified
MAGA media.
jake tapper
I wish in my soul, I wish that any of these people had a conscience.
unidentified
Ask yourself, what is my task and what is my purpose?
steve bannon
If that answer is to save my country, this country will be saved.
unidentified
War Room.
Here's your host, Stephen K. Bannon.
Three, two, one.
steve bannon
Welcome.
It's Tuesday, 3 December, year of our Lord, 2024. Of course, Mone Joe always gets it wrong.
There actually is a right-wing populist movement in this country, and it's been going on since the Tea Party.
Actually, before then.
They also get wrong the 1968 election because there was another candidate in the race, Hubert Humphrey, in the New Deal.
Not just New Deal liberalism, but Great Society liberalism started to get blown out starting in 1968. But here this started, sir, not eight years ago.
President Trump delivered a hammer blow eight years ago.
It started with the 2008 financial crisis.
The 2008 financial crisis that was brought on by the elites of this country who have never been held accountable for it.
Did you get a bailout after 2008?
No, you did not.
Did the elites get a bailout in 2008?
Yes, they did.
On the day that Lehman Brothers collapsed back in 2008, John McCain and Barack Obama were tied in the Gallup poll.
Actually, McCain might have been up slightly, McCain and Sarah Palin.
Chris McCain held his call, you know, put his campaign on advance, went to D.C., looked like a buffoon, didn't know what he was doing.
Then eventually kind of got blown out by Barack Obama because people wanted what?
What did they want?
Repeat after me.
They wanted hope and change.
Remember, Obama had run as an anti-war populace against the Clinton machine in the primary the previous winter and spring.
And that's what people were backing.
They wanted change.
And when they saw the ballots, they saw the financial collapse, they saw Wall Street, the greedy oligarchs on Wall Street, once again doing what greedy oligarchs on Wall Street do, which is rape and pillage the American people.
They want to change.
They didn't get it immediately because Obama, in that regard, was way over his head.
Geithner and Bernanke and Hank Paulson, all that crowd, right, were able to get around him.
Of course, Hank Paulson was the failed Secretary of Treasury of Bush, who kind of brought it on.
Bush, the worst president in the United States, except for President Buchanan right before the Civil War.
So there is a populist movement, a populist movement worldwide.
I've been very honored to be a small part of that, to keep that going on a worldwide basis.
And in fact, we're going to speak later today.
Le Pen, speaking of right wing, Front National or National Assembly, whatever they call themselves now, is about to bring down the French government and parliament at the same time Macron is sitting there begging President Trump to come and hang out for the weekend.
Yes.
unidentified
Yes.
steve bannon
As President Trump goes and shows, he's the defender of the Judeo-Christian West by being at the opening of Notre Dame Cathedral, the reopening.
Of course, Pope Francis, beneath him is not a synod on synodity or whatever the madness they call that.
It's not celebrating some pagan religion in the Amazon River.
So, obviously, the Pope's not going to be there for that.
But President Donald Trump will be.
Quite impressive.
Quite impressive.
If you're going to miss the...
I guess he's not going to miss the Army-Navy.
Maybe we can get him to Army-Navy because Biden won't go.
Right-wing populism, get it wrong.
It's from 2008. The fuse that was lit in the Oval Office of Bush...
Made sure, insured, that was in September 2008 when the collapse really took place, insured Obama's presidency, but ultimately insured a right-wing response to that, as always happens in a financial collapse.
And here we are today with President Trump coming back.
By the way, his third victory.
Let me repeat that.
His third victory for getting ready for a second term.
Of course, in the second term, what are they going to do?
They're trying to steal the second term even as we speak.
And this is why I keep saying, folks, it's fixed bayonets.
Let's get up out of the trenches.
Right now, we have to.
Because in every way, they're trying to, in three ways, we're going to have today, Jim Rickards is going to join us, Rahim Kassam is going to join us, Jack Pasoba is going to join us, Jason Trenard.
We're going to have a couple of three of those in studio in West Palm Beach.
We're going to be down here in Palm Beach, I think for the week, maybe a little bit next week.
We'll have to figure it out, how this plays.
But you're seeing right now an absolute resistance to President Trump, what he's trying to do.
The war, and this is where we're having Posobicon.
The situation Ukraine announced overnight.
The Biden administration went out yesterday and said, hey, you've got to raise 500,000 combat troops.
You have to have a draft.
You must do it now, now, now, now.
And what happens?
You're seeing the desertion.
I think 200,000 combat troops have either failed to report for duty after taking leave or deserting the front.
As the Ukrainian front collapses in front of a Russian offensive only to make President Trump's situation and his ability to negotiate a peace deal that much harder.
Of course, you've got the situation in Syria just announced.
South Korea has declared martial law.
We're going to figure out what that's about.
As Biden yesterday cut off, which I agree with, cut off the Chinese Communist Party from really access to advanced chips, I would actually make the analogy, folks.
That this may be equivalent to cutting off Imperial Japan from oil in the late 1930s.
Think around 1938, 39. I think the real embargo really kicked in in 1940 and 1941. The Third World War is upon us, and they're trying to box in President Trump from various alternatives.
Also, we're going to talk about the bond market.
This has been coming up, you know, the bond vigilantes.
They're hearkening back to people that hate President Trump, hate the populist movement, the Wall Street oligarchs saying, oh, the bond market's going to save the progressive left.
That what happened to Liz Truss is going to happen to Donald Trump.
Well, guess what?
That's the exact opposite.
President Trump is quite savvy.
Scott Bessent knows capital markets.
We're going to have Jason Trennan here.
We're going to walk through that.
This is the new angle of attack they're making on the situation in the bond market.
I told you they're going to try to jam up President Trump for making the cuts he's got to make.
Of course, The Economist is out today with a huge article.
You know what?
They blame America.
I'm not making this up, folks.
You can't make it up.
You know what they blame the deficits on?
You know what they blame the spending on?
In fact, we're the economists.
Remember, the Economists and Financial Times of London are both from the same company.
And one's the magazine, the other's the newspaper.
And they're kind of the People magazine.
They're the magazine and newspaper of the global financial elite in the world that kind of run the deal.
Today, a huge piece that will break down probably tomorrow when we have time.
And that is that the cause of all this is veterans' benefits are too good.
We're paying the combat veterans, particularly the ones that fought in Iraq and Afghanistan, they've got it too good.
It's just too crazy.
It's too over the top.
Remember, the global elites, and particularly in the United States, the wealthy, here's what they're maniacally focused on.
The little $1,200 you get from Social Security, the care you get from Medicare, what you worked your entire life and supported this entire apparatus.
They're obsessed with that.
They're obsessed at taking that away from you because you're the problem.
Now it's veterans' benefits.
Veterans' benefits.
People that volunteer to serve the country.
Something the economist folks never did.
Nope.
Global elites.
But you're the problem.
As we get into this about setting our financial house in order, economic house in order, don't think they're just going to roll over and say, okay, I got it.
Let's have tax.
Let's have populist tax cuts.
Let's have cuts on social security.
Let's have cuts on overtime.
Let's have cuts on tips.
Let's do all that.
Let's have all those cuts.
Let's do it.
And yes, that money will go back to the people, put discretionary income in their pocket, and they'll get the blessings of liberty as we deconstruct the administrative state.
No, no, no, that's not going to happen.
You are the problem to them.
And now you're the real problem because you've risen up And had the back of Trump.
And so Trump's a disruptor.
And Trump has nominated people like Pete Hegseth over defense.
And Kash Patel at the FBI. And Bobby Kennedy at HHS. Going after the military industrial complex.
The legal intelligence complex.
The biopharmaceutical medical complex.
That's not what they want.
They control those.
They make a lot of money.
And they put you in servitude.
New stories out today saying how Generation Z, in Axios of all places, Generation Z saying, hey, we're tired of being Russian serfs and we don't like a future that says we're gonna be Russian serfs.
We wanna throw this over.
We are at the beginning of a populist takeover of this country.
And they hate it.
But trust me, folks, they're not gonna sit there and go, oh, this is terrific.
You got Trump, you got Bannon, you got Tucker, you got others.
Yeah, all these guys screaming populism, this populist that.
No.
These people get a little taste of it.
The American people get a little taste of it.
Civilians get a taste of it.
Citizens get a taste of it.
African American and Hispanic community get a taste of it.
A power, real power.
Power to take on the system.
Power to dismantle the system.
Power that Republicans talked about for 30 and 40 years.
And even to the revered Ronald Reagan, who I was the official filmmaker out at the Reagan Ranch for many years.
I revere President Reagan.
But President Reagan, even President Reagan, could never get control of the apparatus.
He couldn't.
Part of that was Jim Baker and the Bush people taking over the second term.
And Nancy Reagan kind of putting her folks in there in the first term.
Now you have the ability to deconstruct the administrative state.
And you think they're going to sit there and go, oh, this is terrific.
We got a bunch of people breathe through their mouths and wear bib overhauls.
Right?
And they're going to tell us what to do.
They're going to tell the credential class what to do.
Look at Trump's, look at the demographics.
These people, they're high school graduates.
Someone didn't graduate from high school.
They're not the credential class.
You know, you're betters.
Your betters are just not going to sit there and go, oh, this is terrific.
Let's just allow the backbone of America, the grit and determination, the folks that make it happen, let them have a say-so in the direction of this government, the size of this government, and what Leviathan's supposed to do and not supposed to do.
You think they're just going to sit there and say that?
They are not.
Because now they identify that you are the problem.
If you're a veteran, you get too many benefits.
Right?
If you're a worker, you're getting too much pay.
So we're going to take a commercial break.
Mike Davis is with me.
We've got Mike Davis who's going to talk about, well, they're all over Mike Davis.
We're going to talk about where we stay in the nominations process.
Cash had a good day.
Hegs is starting to get a little traction, but they're coming after him hard.
Scott Besson's up on Capitol Hill tomorrow.
Raheem Kassam's in the house.
Jack Posobiec's in the house.
Jim Rickards is going to join us.
All of it.
Short commercial break.
Be back in a moment.
unidentified
No more.
No more.
Cause Jesus put the light in you.
Little children in a straight line.
Don't fall behind.
Oh no.
The television's only meant to indoctrinate the minds.
joy reid
Herman and Sirius are people like Kash Patel and the inner circle with Donald Trump to literally do show trials of former Trump administration officials who irritated Trump by telling the truth about January 6th, of investigating fake conspiracy theories that Kash Patel apparently believes in, QAnon, etc.
How serious are they about doing that sort of thing in your reporting?
unidentified
Yeah, look, I think they are very serious.
The idea is Democrats came after us, so we're going to come after them.
And even if these prosecutions or investigations don't end up concluding the way they want, for them, that is not the purpose anymore.
It's so that all sorts of people connected to the January 6th world, you know, to Jack Smith's cases and The idea is that they have to lawyer up, spend a lot of money on legal fees and get dragged through grand juries and kind of litigation battles in courts.
That is the idea.
And you can kind of see how this is metastasized over time because Kash Patel, yes, is loyal to Trump and is ideologically aligned to Trump, but he is also ideologically aligned...
With people like Steve Bannon, people like Mike Davis, you know, you played a lot of these clips of War Room at the top of the show, and I thought that was actually a really good reflection of where Trump world is when it stands with Cash.
Cash's allies, Bannon, Mike Davis, big time.
Now, Cash has its attractors inside Trump world as well.
People close to Suzy Wilde, people close to the incoming Vice President, J.D. Vance.
And they were like, well, you know, cash is kind of out there even for us.
But their reaction to cash getting picked was, well, you know what, liberals brought it on themselves.
And so I don't know that there's going to be a concerted effort to try and stop cash to do whatever he wants to do if that is what it comes to.
steve bannon
Wow, Hugo Lowell.
Of The Guardian, Hugo is one of the best reporters.
Did I hear Susie Wiles and J.D. Vance not on the cash train?
Did I hear that?
Cash is getting confirmed.
For those of us who have been in this struggle for years and years and years and years, Cash Patel is going to get confirmed.
We need Cash Patel.
Cash Patel has been here from the very beginning with Devin Nunes.
Cash Patel knows over the FBI, he knows where the bodies are buried and how much dirt's on top of each one.
Mike Davis, Hugo Lowe, give me a shout out there.
They played a bunch of clips from War Room prior to that.
But Semaphore is reporting, Ben Smith and the team over at Semaphore are reporting that cash is getting actual real traction in the Senate.
Mike Davis, you know the Senate better than anybody.
You're a professional doing these confirmations.
Talk to me about cash, Patel, the Senate, what they're going to look for and what are the probabilities of this, sir.
mike davis
I told President Trump we're going to confirm Kash Patel with Steve Bannon in the war room, along with the Article III project, and that's what we're going to do.
Kash Patel is highly qualified for FBI director.
He's been a public defender.
He's been a national security prosecutor.
The Obama Justice Department gave Kash Patel one of its awards because he's such a good national security prosecutor.
He works For Nunes on House Intel in a senior post, National Security Council in the White House, Director of National Intelligence Office in a senior post, Chief of Staff at the Pentagon, he's clearly qualified to serve as President Trump's FBI Director.
So if he is qualified, a qualified Senior presidential nominee should presumptively get confirmed in the Senate, particularly by 53 senators in the president's own party, unless that nominee is disqualified because of his personal misconduct.
And that has to be proved We're not going to do that with Cash.
He has nothing in his background that's going to be disqualifying.
He's had The highest security clearances in the past.
He's had TS, Top Secret, SCI, Secure Compartment of Information, SAP, Special Access Programs of the DOD. He is thoroughly vetted, he's thoroughly qualified, and he is going to be President Trump's next FBI Director, as I promised President Trump.
And the Article III Project and the War Room Posse are making damn sure that happens.
steve bannon
I want to make sure right now, where do people go for Article 3?
Grace has got the bill blaster.
We need all hands on deck on this.
We need all hands on deck on these nominations and these appointees.
President Trump's picked his team.
Hey, I'm not crazy about a couple, three of them.
Not at the top levels.
I love all the cabinet secretaries.
A couple that kind of surprised me.
But hey, President Trump gets his, like I say, got shot in the head.
Wanted landslide four months later, the guy gets to pick who he's going to pick, right?
And you've got to just fix bayonets, get up over the trench, and let's get moving.
Where did they go for Article 3 right now?
I'm going to turn to Pete Hexeth.
I'm booting up a little thing from Rachel Maddow last night for you, Mike Davis.
But where do people go right now to assist?
Because, Posse, remember...
You were the hoplites.
You were the soldiers in the field on the mass mobilization for the turnout and for the election integrity, which you guys all trained up for.
It's magnificent.
Now we're back for the second bite of the apple, which we've got to get President Trump's team over the top and confirmed.
So Mike, where do people go today that want to participate?
mike davis
Article3project.org.
Article3project.org.
Take action.
And then you see Kash Patel there.
You click on that.
And that will help you contact via phone both of your home state senators.
Send them emails.
Light them up on social media.
Remember what the war room posse was able to do on Katanshi Brown Jackson's confirmation.
They thought this would be a huge win, and they confirmed her and ran off and hit after the war room posse lit up the Senate.
Let's put that effort on steroids for Kash Patel.
This is the most important nomination.
This is how we're going to destroy the deep state, reform the FBI, destroy the deep state, and actually bring justice for this republic-ending lawfare against Trump, Bannon, Navarro, Trump's January 6th supporters who were persecuted, parents, Christians.
Let's go all in on Cash Patel.
Only Cash.
steve bannon
Can we go ahead and play the clip of Rachel Maddow on Jane Mayer last night talking about Pete Hexas.
Can we go ahead and play that?
unidentified
The other thing I'd like to say is just that it's been almost a day since this story came out and my phone has been ringing off the hook.
I have been hearing from many more people who worked with Pete Hegseth who have come out of the woodwork to say they too have stories along the same lines.
Stories of just drinking himself into sort of oblivion.
All of which I think is, you know, I mean, I've got nothing against people having a good time in life, but it's when you combine it with running the Defense Department that it really does get to be an alarming picture.
steve bannon
Okay, Mike Davis, you've done this long enough to know.
That's Jay Merritt.
Jay Merritt did a oppo dump, and we had Matt Bull on yesterday with you, and Matt Bull said, hey, a lot of this was kind of unconfirmed.
They took it from a guy who, I guess, had replaced Peter.
In these organizations, you always have these kind of tensions.
There's some email, a lot of questions about it, but it's a long report.
Mika did a dramatic reading yesterday of the email that Pete's mom sent.
But then 24 hours later, she said, hey, I didn't mean to send it to you.
I was just blown off steam.
But Jane Mayer went on Rachel Maddow.
And remember, Rachel Maddow is the railhead of all of it.
That's why she's Monday night for one hour.
That's why she gets paid $25 million a year.
I'm not making that up, folks.
That's why they're spinning off MSNBC. So, Mike, Jane Mayer just put a shot across the Senate to saying, don't be rubbing up on Pete Hegseth because I got a lot more coming.
What do you make of that threat and what do you make?
How's the Senate going to respond to that, sir?
Because Semaphore's repeating cash is getting traction.
Besson's getting traction.
We know we're getting some traction of these.
They're trying to call Pete from the herd, right?
Alinsky 101. Walk us through it.
mike davis
So again, the president's qualified nominee should presumptively get confirmed by the Senate, particularly by the president's own party.
There's no question that Pete Hexeth is qualified to be the Pentagon secretary.
Just look at his background.
He's right out of central casting for this job.
Right?
So the issue is, is he disqualified because of his personal misconduct?
And that means that people who say he's disqualified have to come forward with clear and convincing evidence that he's not capable to do the job.
And remember with this confirmation process, We're not canonizing saints.
We are confirming people to the president's cabinet, and the president presumptively should get the team he wants.
The president doesn't tell senators who can be on the Senate staff.
The Senate shouldn't tell the president who should be in his cabinet unless that cabinet pick is either unqualified or disqualified.
And so it is a very high burden for someone to come forward and say that a cabinet pick is disqualified because of personal misconduct.
Again, we're not doing The Justice Kavanaugh Me Too presumption of guilt where every nut job from high school 35 years ago comes out of the woodwork like Christine Blasey Ford and doesn't know how she got there and how she got home and she knows that she only had one beer and it was Brett Kavanaugh.
The guy who testified he was a virgin well into his 20s was apparently a serial gang rapist with this nut job, Christine Blasey Ford.
steve bannon
Last thing, their fallback position is he's unqualified.
In your professional opinion, Mike Davis, is Pete Hegseth qualified professionally to be the Secretary of Defense, sir?
mike davis
Oh wait, so let's get this straight.
We have a mentally ill man as the Surgeon General of the United States.
He's somehow qualified.
He doesn't know what the hell...
If he's a man or a woman, he should be in a nut war.
But Pete Hegseth, who fought in wars for the United States, who's been in our military, he's somehow not qualified.
Are you kidding me?
He's clearly qualified to serve as the Secretary of Defense.
Maybe the defense contractors don't like Hegseth because he's not going to go along with their scam of the last...
80 years, but he's clearly qualified to serve.
steve bannon
30 seconds.
Where do they go for Article 3, brother, to fix bayonets?
mike davis
Article3project.org.
Article3project.org.
We are going to be in this fight for Trump's cabinet picks and other senior executive branch picks and then his judges.
We are not going away for four more years.
unidentified
So follow us, donate.
steve bannon
1,000 Senate confirmed and plus a ton of hundreds of judges.
Maybe a couple of three Supreme Court picks.
Mike Davis, thank you, brother.
Raheem Kassam in the house.
Next.
unidentified
The hairs on your arm will stand up.
Here's your host, Stephen K. Band.
steve bannon
Okay, we're really jammed up.
I'm going to try to get a couple more rants here as we go.
Okay.
I want to talk about, I got Jim Rickards on deck, I got Jack Posobiec, we got the Ukraine war, it's a lot going on.
Raheem joins me.
Raheem, and of course, in all the discussion about the pardon, only, and I think it was Tom Nichols over at the Atlantic, Talked about the strategic mistake the Democrats are making and Biden made with this pardon.
And he's the only guy I've seen on the left that goes back and says, hey, the big problem here is they went back to January 2014 and they're going to play right into the hands of the right-wing populists that are on top of this.
Tell me, why is it so important that he went back 11 years and he went back to January 2014, sir?
raheem kassam
Yeah, by the way, I want to start with this.
I think the Hunter, on the record, I think the Hunter Biden pardon was an excellent, excellent move by Joe Biden.
It works for us.
It works for me.
Because not only does it put the heat right back on all of that, and by the way, I'll happily trade them a pardon for Hunter Biden, because now the spotlight goes back to that date.
And all of the other people now?
steve bannon
Well, Spotlight only goes back to that date.
If you put it back on that date, Fox, nobody on the right is focused on what the real story is here.
The signal, not the noise.
The signal is that he's nervous enough, they're all nervous enough that they went back to January 2014. Somebody said it was 10 years.
I said, well, hang on.
This thing right now is 11 years, right?
So it can't just be 10 years.
So walk me through.
And by the way, I 100% look.
First off, I was the first one to say when I got out of prison.
That guy's not going to last 48 hours in prison.
He's just not.
He's a little boy mentally.
Prison's meant to break you.
It will break him and it'll be the end of him.
He'll be back on drugs and the drugs in these prisons are out of control.
I can understand doing that.
But the way he did it and went back those years plays right into the story you've been telling people about the color revolution.
raheem kassam
Or he'd be in the chapel with all the types of the people that go to the prison chapel.
unidentified
FYI. Not the best.
raheem kassam
Some people will get that.
steve bannon
Not the best.
raheem kassam
Look, if we go back, everything that happens on this stuff right now, on the international stage, everything will coalesce around Ukraine again, right?
steve bannon
Why is that?
It is.
It's the center of gravity of modern politics.
Why is that?
raheem kassam
Because it was white Iraq.
You know, it was the money laundering of the defense.
This is why it comes back to the Hegseth thing as well.
This is why they don't want him as SecDef.
This is why they're so desperate to stop it.
Because he's not going to do that.
He's not interested in that.
He's not interested in propping up the stock price of the defense companies.
You go back.
I welcome the Hunter Biden pardon for two reasons.
Number one, it gets us right back to Ukraine.
It gets us right back to all the dodgy deals.
And I don't care particularly.
You and I were the ones who went through chapter and verse all the Biden crime family.
With Rudy Giuliani and all of that stuff.
He's got that great book out.
But at this point, you have to take my word for it.
I don't care about Hunter Biden himself.
I care about the apparatus and I care about the wider corruption.
The second thing that's really great about the pardon is that...
It basically enables Trump to go in day one and be like, okay, well, he politicized the puns.
All J6. All J6. All done immediately.
By the way, and plus, okay, others as well.
steve bannon
Yes.
raheem kassam
We'll be caught up in that.
steve bannon
The people who have been prosecuted.
No, no.
raheem kassam
Alternate electors.
steve bannon
Alternate electors.
The people praying in front of the abortion centers.
All of it.
All the ones they imprisoned.
raheem kassam
I take that deal every day.
unidentified
Yes.
raheem kassam
Hunter Biden for all of those people's freedom.
I take that deal every day.
unidentified
Yes.
steve bannon
We must deliver it.
Yeah.
Talk to me how that connects.
I got records on here.
We got Posovo about Ukraine.
But walk me through right now.
Trump is en route.
He's going to be en route to go to France this weekend.
Le Pen is about to bring down the government and parliament because it is a parliamentary system still.
Macron is on bended knee to bring Trump over there.
Walk me through what's happening.
The tectonic plate shifts were already seen in Europe.
raheem kassam
So once again, whether it's the Labour Party's apparatus that's currently here in Palm Beach.
Yes, I saw you.
steve bannon
Sir Keir has got an advance team.
His landing team is here.
raheem kassam
Oh, yeah.
steve bannon
And what are they doing?
What's the pitch Labour's going to make to Trump?
Because as soon as you get back over there and start running the campaign, Nigel's going to be the next prime minister.
raheem kassam
Yeah, what do you think?
I'm not running it from here?
The Labour Party guys, Macron, you know, you saw it with Trudeau.
Everyone's kissing the ring now.
Everybody wants the least worst situation for them.
And look, Macron, to his credit, is a very savvy operator, extremely savvy operator.
And he knows exactly how to make Trump feel like the king.
I mean, the reopening of the cathedral...
Is an historic moment.
I mean, for France, that's everything.
That is France right there.
And so to have him there is the ultimate diplomatic move.
And he knows that he's got this, you know, this budget crisis and marine bearing down on him like never before.
You know, she can bring, not just France, the Eurozone to its knees in the next 24 hours.
And so he has to have Trump there as a bulwark.
He has to tell him, I'm still in charge.
I promise you I'm still in charge.
That's what that's all about.
Because, you know, the French love to riot.
They love to burn the cars.
They love a good riot.
You know, their country would exist without a good riot.
steve bannon
Well, they kind of started off by being the mother of all revolutions, right?
Right, right.
raheem kassam
And there will be riots.
steve bannon
Let me go to this budget cuts because the Wall Street Journal today has a brilliant story about she's saying, hey, I want out of the EU, I want no payments to the EU, no payments for any immigrants on health care.
I want to stop all the money you're sending to Sub-Saharan Africa and North Africa.
I want to stop it all so we don't have austerity programs put on the workers.
People are supporting that nonstop.
Folks, you're going to see the exact same thing happen here in the United States.
Walk me through how the...
Overall finances are finally coming home to roost.
I understand you're not a finance guy, but you know the politics of it.
raheem kassam
It's totally coming home to roost.
I mean, all of the largesse of the last, you know, two decades.
And it's largesse because it's Eurozone payments, like it's membership payments to Brussels, right?
This is money that disappears.
It goes to Bulgaria, and it goes to Turkey, and it goes to Ukraine, and all of this stuff, right?
Yeah, but I mean, even the Italians, so you've got the net contributors and the net beneficiaries in the EU, right?
And the French and the German people are finally starting to go, hold on.
What the heck is going on here?
Like, I can't make mortgage payments.
We're sending this money to Romania.
What are you talking about?
And even the Germans are at it now.
Even the Brits.
You look at three million signatories on this petition after a government got a mandate.
steve bannon
There's a petition now to have another election, right?
It has to be debated.
You don't have to have the election, but you have to debate it in Parliament.
raheem kassam
You have to debate it in Parliament.
It's legally required now that they talk about having...
They had an election in July, ladies and gentlemen, and the people already want another election.
steve bannon
You're very close to the confirmation process.
Tell me, where do you think we stand?
Particularly, they're trying to Alinsky Pete Hexeth, right?
And we've got to double down on Pete.
And I keep saying, hey, let's get it all out.
Whatever information, don't let Jane Mayer on Rachel Maddow be giving threats.
You're going to put a shot across our bow?
Okay, baby, give it to us.
I think you've just got to get it all out there.
And then we've just got to push Pete over the top.
raheem kassam
I think you were right when you talked about the blood in the water that came after the Gates stuff and they got a big W with that.
They got a huge W. McConnell got a huge W. McConnell and Maddow are one and the same in this process.
steve bannon
Why is that?
raheem kassam
Because they don't want MAGA. They don't want America to be great again.
They oppose everything.
It's threaded into them.
It's woven into their spirits that they actually oppose that stuff.
steve bannon
Well, they're the controllers of the system.
They're the controllers of the system.
So the last thing they want is anti-system players, correct?
raheem kassam
They're corporate ambassadors is what they are.
And, you know, I think the Gates thing was bad.
Like, really bad.
Like, I would have told him to stick at it.
Like, go through that Senate confirmation.
Make them come to you.
Make them throw the questions at you.
You know, force the issue.
I'm also a little...
Negative about this.
I'm pessimistic about Pete.
I think people really, really need to get their shoulder to the wheel on this.
steve bannon
Because this is one of the reasons we're trying to fire people up, is that President Trump shouldn't take any losses.
If he makes a decision, like on Gates, that, hey, maybe I'm burning up too much daylight here and I want to do it, that's President Trump's, you know, he can do that.
raheem kassam
It's his prerogative.
steve bannon
It's his prerogative, right?
But otherwise, it is push and let's get it over the top.
raheem kassam
Yeah, I think so.
And I think people need...
If he wants him, he should have him.
We should definitely have somebody in there that is not qualified.
You know, I'm using qualified because the not qualified is exactly to what Mike Davis was saying.
He's not qualified as far as the defense companies are considered.
You know, he's not qualified as far as the lobbyist cash that flows through the Senate is considered.
But the man is qualified, like, actually.
And if he wants him, he should be able to have him.
I think people need to light up the senators right now and say, if you dare, if you dare...
We're just not going to have it.
steve bannon
You're saying hexes, like we said, it's all or nothing here.
I keep saying they've got to flood the zone.
What about getting everybody up there in the first or second week of January?
All the nomination processes.
raheem kassam
Absolutely.
steve bannon
Because they're saying now, well, maybe we want the national security guys and maybe cash comes later.
Give me your assessment of cash.
raheem kassam
Do it all.
Flood it.
Cash is just brilliant.
I mean, he is just a brilliant person.
He's a brilliant mind.
He's a brilliant man.
And the most important thing about Cash that I don't think people realize, yeah, he's great in front of the camera and all that stuff, but he's a hard worker.
Like, he puts his shoulder on the way.
He actually gets down and dirty into the documents.
He understands these things instinctively.
It's like, it's almost savant-like.
And you have to have that kind of character.
steve bannon
Talk about that.
By the way, we took the book Government Gangsters and made a film.
You can go to warroom.film, download it, share it.
Because we took the book and actually made it, I think, even more accessible.
Cash is the only person in the film.
Cash looks right in the camera and walks you through everything.
People run around today saying, oh, he's got this hit list in the book.
We walk through the entire thing.
It's not a hit list.
He actually walks you through the deep state.
But talk to me when you say he's savant level on understanding this.
raheem kassam
Totally disagree.
It's great.
It's a hit list.
And we're coming for you.
But by the way, the hit list is too short.
So we're adding to the hit list.
And everybody who calls it hit list is being added to the hit list.
So, you know, he's...
steve bannon
Anybody that comes back and says they get a hit list, right?
raheem kassam
So that's all MSNBC right now.
steve bannon
Love it.
raheem kassam
Congratulations.
You've earned your spot.
In infamy.
But again, let's go back.
Let's connect those dots to the color revolution stuff, right?
The FBI under Kash Patel needs to be investigating exactly how America got involved in Ukraine.
What kickbacks there were, who they went to and all this stuff.
Again, I don't care about the Hunter Biden.
I care about, you know, I care about Victoria Nuland.
I care about all that class of people.
I care about where the money went for the lobbying for that war.
Listen, this isn't just about the cash in your pockets.
This is about the trail of dead around the world.
And we owe it to them, the people who had their lives sacrificed for them.
What do you mean by that?
steve bannon
You mean the one million dead in Ukraine?
raheem kassam
Yes.
Yes, that's human life at the end of the day.
And we are the pro-life people.
We owe it to the people who have had their lives sacrificed for them by the defense industry.
And that needs to be investigated.
And Kash Patel and a whole host of us.
And by the way, there aren't a lot of people like Kash, not just in American politics, but in the world.
You've got your Darren Bees.
You've got your Kash Patels.
You've got your Natalie Winters.
These are people who they love.
Look at a document and they instinctively understand where to go and how the dots get connected.
And so if you can never, ever allow them to stop that confirmation.
steve bannon
And Cash comes at this from 8 or 10 years, I mean decades and decades, but he was there with Nunez at the very beginning of this.
He knows, like I said, he knows the interconnectivity.
He knows where the bodies are buried, right?
He knows, he's got a very sophisticated way he goes about this.
This is why they're firestormed to stop him.
raheem kassam
I need fewer...
You know, the new ambassadors of the Court of St. James.
I need fewer never-Trump appointments, and I need more Kash Patels.
That's what I need.
I don't need one Kash Patel, by the way.
Every single one of these people should be a Kash Patel of their department.
steve bannon
Where'd they go, Nash?
You're down here reporting this week.
Give us where to go for national polls, social media, all of it.
raheem kassam
Yeah, thenationalpulse.com forward slash war room.
That's the website.
Go and sign up.
Support the work.
That's how we get this information.
It's how we get these stories up.
You'll see on the left-hand side, for those watching on television, on the left-hand side of the screen is the analysis section.
And I do a member's email every night where I read them into like, hey, here's what I'm hearing.
What's going on?
Thenationalpulse.com forward slash war room.
steve bannon
It's a must-read.
We give all kinds of special content over to the Rahima team.
Thank you very much for your reporting down from West Palm Beach.
Birchgold.com.
Make sure you go to Birchgold.com.
The end of the dollar empire.
President Trump threw down hard the other day, told the BRICS, hey, guess what?
It's 25% terror for Mexico if they don't get their act together.
25% terror for Canada if they don't get their act together.
25% terror for China if they don't get their act together.
But 100% terror for you.
If you try to break the U.S. dollar, just make sure you go check it out at Birch Gold today and look at alternatives for yourself.
Short break.
Jim Rickards next.
unidentified
We rejoice when there's no more.
Let's take down the CCP. Build at which you would say the bond vigilantes are back?
I think they're back.
I think you have a series of people.
I mean, look, you interview some of them on TV, and they have a view that, you know, the back end of the curve should go higher.
steve bannon
Okay, welcome back.
You're going to hear all this talk, and we're going to get ahead of it, as we have been, about the capital markets.
Now they're...
The threat now from the progressive left is, oh, well, we can't do it with the resistance.
We can't do it with the governors fighting Trump.
We don't have enough stroke in the House, although we're stealing seats.
Mark Elias has stolen three seats, I think, out in California, folks.
So now they're going to use the capital markets against Trump and Besant, who are really here, and Elon and Vivek and all that, to really, for us vote an economic team to actually make rational cuts so we can finance this mess.
Jim Rickards joins us.
Big piece.
I think it's MSNBC opinion piece.
Jim, but I want to start with the tariffs.
President Trump says last week, 25% tariffs, not on avocados coming from Mexico.
All Mexico, all Canada, all China.
I don't know, $2 trillion in trade.
He rattles Mexico.
She gets on the phone right away.
She's rattled.
Trudeau comes down and kisses the ring.
Or as Morning Joe says, kisses, you know, south of the ring.
Your thoughts there?
By the way, he tells the BRICS nations, you and I have talked about this all the time, if you're going to mess around here, if you're going to try to get an alternative currency, if you're going to go with Chinese currency or in the petrodollar, you're going to pay a premium of 100% tariff to get your products into the North American, United States market.
Your thoughts, Jim Rickards?
james rickards
Sure.
I saw that.
It was actually a post on X from Donald Trump about the BRICS and the tariffs, exactly as you described.
My first thought was, hey, you know, BRICS, not that well understood.
Tariffs, also not that well understood.
That's kind of an interesting mashup of the two.
But what Trump actually said, I mean, I have the post in front of me.
He says, we require a commitment from these countries.
They will neither create a new BRICS currency, Nor back any other currency to replace the muddy US dollar, or they will face 100% tariffs.
Well, that's a shot across the bow.
In fact, the BRICS are actually not working on a new currency right now.
Ten years from now, maybe.
It took the euro ten years to launch from 1992 to 2000. But a new currency is not on the table.
They are working on a new payment system for the existing currencies, which is different.
So here Trump's kind of warning them off, but there's not really a new currency that's imminent.
My other thought, I actually favor tariffs.
This goes back to I share that view with Alexander Hamilton and William McKinley.
Tariffs have been a big part of the U.S. growth story since 1790, except in recent decades.
So I favor tariffs.
100 percent is extreme by any measure.
You know, that's really punitive.
And the other thing is, you know, the BRICS are not just, you know, we used to talk about the Third World or developing economies, that's fine.
The BRICS are about half the Earth's population, 30% of GDP. If you use other measures, it's 50% of GDP. So they have a lot of ability to kind of go their own way.
So I view this as, you know, it's a shot across the bow.
It's not anything that's going to happen anytime soon.
But the point I make, and this is not understood in Washington or As far as I can tell in the Trump transition team, the BRICS already have a common currency.
No one understands it.
It's called gold.
In other words, let's say, you know, you're Russia and I'm China.
I sell you manufactured goods, you pay me in Ruples.
I sell you, you know, you sell me oil and I pay you in Chinese Yuan.
That works.
You don't need another currency.
The problem is you build up balances.
Eventually, one side has a big trade surplus relative to the other.
And how do you settle those balances?
Well, with a common currency, It doesn't matter.
I can go shopping in Brazil or Turkey or Iran or anyplace else.
But in the local currency, you are limited.
How do you settle up?
The answer is gold.
And you don't have to do it on a gross basis.
You know, the economists say there's not enough gold.
That's nonsense.
They don't know what they're talking about.
There's always enough gold.
It's just a question of price.
But even apart from that, you don't settle on a gross basis.
You settle on a net basis.
So you would need far less gold.
You don't have to do it in real time.
The central banks can pay the local buyers and sellers.
The countries have to settle up.
They could do it quarterly or once a year, etc.
Their system works fine without a new currency.
They do have a currency already, which no one really understands, which is gold.
And if I were the United States Treasury, I would be buying gold.
I mean, make their job more difficult.
Russia and China have quadrupled their gold reserves in the last 15 years.
Why are we making it easy for them?
The U.S. has the most gold, so we benefit the most if the price of gold goes up.
If I were the Treasury, I would just front run them and buy gold.
steve bannon
Isn't the BRICS, as we've said here for the last couple of years, isn't the BRICS, one of their biggest complaints is the drop in purchasing power of the dollar, and that's because of the inflation, the overspending?
Isn't Trump's program with Doge and appropriations and trying to get arms around this budget, right, to have cuts and also have at least a smart, you know, re-establishment of the smart tax cuts to have a growth story here?
Once that plan is implemented, once he starts to articulate with the details of the plan, they should be the first on board, right?
I mean, they're not trying to have another currency, maybe China and some guys behind the scenes, but the principal nations involved in this, at least now, are not looking just to get a currency to combat the United States and take us off the U.S. dollar.
It's the principal fact is that the purchasing power of the dollar keeps deteriorating so rapidly, so they're like getting a devaluation all the time.
Jim Rickards, your thoughts?
james rickards
Well, obviously, you're right about Trump's program.
I favor that program.
It should result in a stronger dollar.
But inflation is actually not their biggest concern.
It is a concern.
But there are lots of hedges for inflation, starting with gold.
But there are many others, natural resources, land, etc.
Their biggest complaint, and I sat in the Pentagon and White House and explained this to people, their biggest complaint is sanctions.
And people kind of take sanctions and tariffs And mash them together.
They're completely different.
Tariffs are a legitimate economic policy tool.
You can overdo it.
There's a lot of benefits from tariffs.
But they are a legitimate economic tool.
Sanctions are financial warfare.
That's an act of war.
That's no different than the World Navy blockading France during the Napoleonic Wars.
But Americans tend to blur the two.
So I would be all in favor of sanctions for the reason I mentioned.
Sorry, in favor of tariffs for the reason I mentioned.
But sanctions are an act of war.
So Russia, China, all the BRICS, Brazil, the rest of them, they wouldn't even be thinking about moving away from the dollar.
The dollar worked just fine.
The only reason they're thinking about it is because of the sanctions we put on Russia back to Ukraine.
And by the way, see what you said earlier with your prior guess, Ukraine is sort of the center of gravity for almost every big geo-economic issue in the world.
But because of the sanctions we put on Russia as a result of Ukraine, China, Saudi Arabia, Brazil and others looked at that and said, hey, if you can do it to Russia, you can do it to us.
And so we need an alternative.
So all you really have to do is back off from the sanctions war, settle the issue in Ukraine, which should never have happened, but that can be settled.
And then they'll ease off on the alternative currency.
Their concern is not inflation, it's sanctions.
steve bannon
Jim, hang on one second.
The SWIFT system and sanctions, we call it economic warfare.
They're smart enough to understand that.
We're going to take a short break.
Poso's going to be in the house with Jim Ricketts.
Jim's going to stick around.
Short commercial break.
90 seconds.
Export Selection