Dec. 17, 2024 - Bannon's War Room
48:47
Participants
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unidentified
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...of event in terms of the politics of Canada and as I've said, mirrors something to some extent we see in Germany and South Korea as well in terms of the Trump effect. | |
| What is behind this rift then within the heart of politics in Canada? | ||
| Yeah, you're absolutely right that Donald Trump is also looming over this situation. | ||
| We know there's been tensions between finance minister, former finance minister Freeland's office, and Justin Trudeau. | ||
| That was bubbling last week, really erupted on Monday, and a really kind of devastating day for Trudeau's government with her Resignation letter in which she accused the government of going after expensive political gimmicks to help bolster the economy ahead of the Trump presidency that begins next month. | ||
| Canada, of course, bracing for the potential of 25% tariffs on their exports to the United States. | ||
| That has become a big focus of Trudeau's government, how to deal with that. | ||
| But also, the government has wanted to boost its popularity a little bit. | ||
| That's at the core of Freeland's accusations. | ||
| They've instituted a sales tax holiday. | ||
| There was talk about mailing Canadians $250 Canadian dollar checks. | ||
| And this all comes after the government reported a real blowout deficit number of over 60 billion Canadian dollars in the fiscal year ended March. | ||
| That was more than the 40 billion, more or less, that was projected or promised by the government. | ||
| So a tough fiscal situation there, turning into a very difficult political situation for Justin Trudeau. | ||
| Well, on that point, is Trudeau under threat at this point, Bill? | ||
| Well, he certainly is under threat. | ||
| It's definitely a low point. | ||
| We believe the government wanted to look for elections maybe second half late next year. | ||
| This may force them to bring it forward. | ||
| There's increasing calls from members of his own party that he step aside in addition to calls from the opposition. | ||
| The next few weeks will be a critical part of that. | ||
| We'll see if he's forced into calling those elections. | ||
| His party still is the biggest bloc in the House of Commons, but they do not have a majority. | ||
| We are also, though, following breaking news out of Berlin at this hour, where German Chancellor Olaf Scholz has just lost a confidence vote, a vote, of course, that he called for. | ||
| And that move now paves the way for elections in February. | ||
| We have live pictures for you of the Bundestag in Berlin. | ||
| President Frank-Walter Steinmeier can now move, of course, to dissolve the legislature and then formally declare the already agreed upon election date of February 23rd. | ||
| All of this coming after Germany's governing coalition collapsed last month. | ||
| CNN's Sebastian Schuchel is tracking the story. | ||
| Joining us now live with the developments from Berlin, so not a totally unexpected outcome. | ||
| But just walk us through what happens now, if you would. | ||
| Yeah, Erica, I'm still in the belly of the Bundestag here, actually. | ||
| And the room just behind me is where the vote recently took its conclusion. | ||
| What I have for you here is the outcome of the votes, which is Schultz lost this vote of confidence in himself. | ||
| The semantics around it are important. | ||
| By 394 votes against him to 207 votes. | ||
| In favour of him. | ||
| So that's a sizable number who have said that, look, this country needs to adopt a new chancellor and needs to embark on trying to form a new coalition government. | ||
| As you said, the process around this now is that Schultz will head to the president's residence, where he will then go and ask to formally dissolve parliament. | ||
| But the way that this The whole process, including the build-up to getting to this day, the vote of confidence, has been very regimented and controlled by the parties who have already informally agreed when that election is going to be, and it will be on the 23rd of February. | ||
| Technically, the president has 21 days to decide on the day, but it is almost a foregone conclusion. | ||
| And, Erika, the foregone conclusion is also being echoed by what was said in that chamber earlier today. | ||
| I want you to take a listen to what Olaf Scholz, the Chancellor, had to say when he was on his feet in there earlier. | ||
| Democracy requires parties to compete against each other with different proposals, as we will do in the upcoming campaign. | ||
| But democracy also requires all those who believe in it to be prepared to work together for the good of the country after an election, to build bridges to forge compromises. | ||
| This is not possible without moral maturity, without decency and seriousness. | ||
| It is only possible with a sense of responsibility for our entire country, for all our citizens. | ||
| And so you can hear that... | ||
| Okay, I want to make sure... | ||
| Okay, I want to make sure you heard it right there with the guy, with the head of Germany who was there. | ||
| It's always when they're getting their ass kicked and finally getting run out, it's always, you know, we've got to really work together. | ||
| There's always got to be compromise and unity. | ||
| That's all they're talking about on MSN. We've got to have unity, compromise, bring the country together. | ||
| Hey, how about this? | ||
| To quote Obama, elections have consequences. | ||
| We won, you lost, you got your ass kicked because you didn't take care of working class and middle class people for decades and decades and decades. | ||
| We've got nothing to compromise about. | ||
| Nothing. | ||
| All gas, no brake. | ||
| All pedal, no brake. | ||
| It's not a time to unify. | ||
| It's a time to seize the institutions and secure our victory. | ||
| Up on Capitol Hill, that little worm right now, do we have the Johnson thing? | ||
| This little worm is sitting there going, you know... | ||
| Up until like a day or two ago, it was really as a skinny CR, but some things evolved. | ||
| Yeah, like sitting down with Hakeem Jeffries and getting slapped upside the head. | ||
| Because he owns you. | ||
| And the Senate owns you. | ||
| If you had a fearless speaker, and this is leadership too, don't think Scalise and these other guys get off the hook here. | ||
| Where's the leadership? | ||
| How did you not know it? | ||
| Why wasn't Scalise running the microphone? | ||
| Why wasn't Jordan running the microphone? | ||
| You're telling me you allowed him and just that inner circle of McCarthy advisors to do this? | ||
| This is how we got in the situation. | ||
| McCarthy got turfed out as speaker because of the debt deal. | ||
| The debt deal that comes off on 3 January that Trump's going to inherit. | ||
| Now that you put another, I don't know, $5 trillion of more debt... | ||
| Here's the thing. | ||
| I got a lot of feedback yesterday. | ||
| Positive feedback. | ||
| Where did the frickin' money go? | ||
| Look around your hometown. | ||
| Look around the Midwest. | ||
| Look around inner city Baltimore. | ||
| Look at inner city Chicago. | ||
| Look up at areas of New York City. | ||
| The Bronx. | ||
| Let's look at the barrio in LA. Let's look around the country. | ||
| Where did the $36.5 trillion go? | ||
| And where's the $40 trillion? | ||
| We got debt. | ||
| And by the way, we spent hundreds of trillions to get there. | ||
| Because remember, you had $4 or $5 trillion coming in a year in revenue to offset it. | ||
| I'm just talking about the gap. | ||
| Where did the money go? | ||
| Have you seen it in your neighborhood? | ||
| Are you sitting there and it looks like paradise? | ||
| Right? | ||
| You got great jobs, huge opportunities, high value, added manufacturing jobs, little industries built around it, service business, coffee shops, bodegos, little boutiques where people selling stuff for those small things people like in life. | ||
| You see that? | ||
| Uh-uh. | ||
| Where'd the money go? | ||
| Tell you what, look at the valuation of the stock market. | ||
| Look at the concentration of wealth. | ||
| It went to the oligarchs. | ||
| It's a game set up by the oligarchs that they win. | ||
| You're seeing it again here now. | ||
| Why are we going to make a big deal about this and why are we going to have a fight right here before Christmas when we should be in the Christmas spirit? | ||
| We're here in Advent and should be in the Christmas spirit. | ||
| Because this portends the future. | ||
| This is when Trump gets in, and we're in the firestorm. | ||
| Because you just sit there, you heard it. | ||
| We played the thing from last night with Rachel Maddow, ACLU guys. | ||
| We're waiting. | ||
| We're waiting. | ||
| We're holding. | ||
| We're holding our fire for when the deportations come. | ||
| We're going to have the cameras everywhere, and that's when we're going to flip the nation on Trump. | ||
| We're waiting. | ||
| We're lying in wait. | ||
| They're lying in wait. | ||
| With all of it. | ||
| With all of it. | ||
| And you got Jason Smith and those guys. | ||
| Hey, Jason, here's ways and means. | ||
| I got just a question. | ||
| Here's simple. | ||
| To cut, why do you need all this time to do that? | ||
| If you're going to just cut, no tax on Social Security, no tax on overtime, no tax on tips, and hell, throw Josh Hawley's child credit in there. | ||
| Throw that in there, too, for folks, so that we have more kids and we can also toss that in there. | ||
| How long is that? | ||
| I think, Jason Smith, we can type that up this afternoon. | ||
| Slap a tax increase on all the wealthy, all the corporations, all the billionaires, take off carried interest, all the scams and games they play to line their own pockets. | ||
| We could take an hour, just da-da-da-da-da-da-da, all the transfer of money over the NGOs, all these games they play. | ||
| We could take another hour of that, so it's 20 minutes to write up the populace and an hour to mark up the thing on wealthy. | ||
| That's an hour and a half. | ||
| Let's just get it up. | ||
| One can say, hey, I'll do that. | ||
| Let's just take that on 20th. | ||
| No. | ||
| Why does it take so long? | ||
| Because they're at the trough, these lobbyists. | ||
| They're in to get every tax break in the world for the corporations. | ||
| You don't believe me? | ||
| We have $4.5 trillion of proceeds. | ||
| Tariffs, fees, personal taxes, all taxes. | ||
| Four and a half trillion, roughly. | ||
| Four and a half trillion. | ||
| How much corporate tax is it? | ||
| How much corporate tax? | ||
| When I ask this question, oh, at least 50%. | ||
| Maybe 60%. | ||
| You would be incorrect. | ||
| It's about $500 billion. | ||
| Oh, you can't raise taxes on corporations. | ||
| Well, look. | ||
| All they've done since the 2008 crash is take $200 billion in tax credit they got. | ||
| And what they did, they instead of putting in plant and equipment and capital equipment here in the United States to build high-value-added manufacturing jobs, you know what they did? | ||
|
unidentified
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They did stock repurchases and stock buybacks. | |
| Gamed the system. | ||
| So the stock price goes up, boom, their warrant packages are worth a lot of money. | ||
| They blow out of there and it's... | ||
| I'll see you later. | ||
| Alligator. | ||
| I'm just giving you the math. | ||
| 500 billion total corporate taxes. | ||
| 500 billion. | ||
| That's it. | ||
| Unbelievable. | ||
| Governments are falling all over for the same reason. | ||
| It's called... | ||
| They're too leveraged. | ||
| They got too big of deficits. | ||
| They can't finance it. | ||
| They got a cut, and now the knives are coming out. | ||
| Ben Harnwell from Rome, give me your assessment. | ||
| I got the Jim Rickards on deck. | ||
| What do you got for me, Ben? | ||
| Well, with regards to Europe, Steve, my takeaway is it's actually astonishing how the world's mainstream media is looking at these events and failing to even attempt to draw the lines. | ||
| You can almost get a sense of déjà vu reading the newspapers. | ||
| You're seeing the same sort of headlines describing the same situations. | ||
| And none of the world's foreign correspondents are saying, hang on. | ||
| Basically, this all seems to be the same thing. | ||
| Let's see if we can unpack this. | ||
| Looking at Germany, looking at France as well, these two countries are extremely closely related. | ||
| The German situation, now they're going to have, with all due respect to what CNN was saying earlier on, This losing the vote of confidence was actually what Olaf Scholz, the German Chancellor, wanted because there was no other constitutional mechanism to go to early elections other than losing this vote. | ||
| That was very much part of his design. | ||
| But you're looking at the two parties in Germany, the Social Democrats and the Christian Democrats. | ||
| And they're both trying to out-compete one another to see which party can more autistically ignore the German people. | ||
| The Social Democrats have basically continued Angela Merkel's policy, who is a Christian Democrat, they've continued her policy with regards to immigration, which is massively unpopular in Germany. | ||
| Germany, the Christian Democrats, Friedrich Mertz, Merkel's successor, is saying, OK, no, no, we're going to tighten up on immigration, but we're going to be even more gung-ho on Ukraine than Olaf Scholz was. | ||
| He's very much, I think, if the woman possibly wants to put him in a category, he's very much, I think, like Georgia Maloney on so many different fronts, this guy. | ||
| This is why the real development in Germany isn't happening between the centre-left or the centre-right. | ||
| It's what's happening with the AFD. Now, they are projected to go at the next elections on February the 23rd for about 10.3%, where they've got about 83 seats, up to about 18 seats. | ||
| points at the next election. | ||
| They're going to have an eight-point jump, and they're projected to pick up around 30 or so seats. | ||
| That, I think, is the real movement, what's happening in Germany. | ||
| Just to quickly say to France, and my big point is on Ukraine, and I don't want to cut into too much what Jim Rickardt is going to say here on tying the European developments together. | ||
| But looking at France, here's how you know the mainstream media is lying to you. | ||
| The whole frame, when their government fell three weeks ago, the whole frame was, oh, you know, well, these three billion worth of Tax cuts, tax increases, I should say, on electricity bills. | ||
| They're very unpopular with the French people. | ||
| See, nobody mentioned whatsoever that however unpopular 3 billion worth is on electricity bills, Macron had given 7.5 billion euros to Ukraine, and no one is drawing the line between cause and effect. | ||
| Well, the voters will hang on for a second. | ||
| We're going to take a short commercial break. | ||
| Jim Rickards is going to join us on the other side. | ||
| Home Title Lock, 90% or 80% of your net worth is tied up in your castle. | ||
| Make sure the government's already putting a second on it, theoretically. | ||
| Don't have some hard money lender do it to you. | ||
| Make sure at HomeTitleLock.com slash Bennett. | ||
| Go check it out today. | ||
| Short break. | ||
| Jim Rickards on the other side. | ||
|
unidentified
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Here's your host, Stephen K. Band. | |
| Okay, folks, we're bringing in Jim Rickards, who's one of the world's specialists in the area. | ||
| But as sure as the turning of the earth, what you're seeing happen in these other, you know, the fall of the French government running the parliament for the first time since 1962, Germany. | ||
| And yes, he wants an earlier election, but they're crumbling. | ||
| In Canada, he's about to get turfed out. | ||
| You're seeing this all over the world now. | ||
| In South Korea, it's a slightly different reason. | ||
| But basically, we're heading towards a margin call. | ||
| Out of control on these legislatures or parliaments that didn't have controls of their executive branches that spent an enormous amount of money and nobody knows where the money went. | ||
| Where'd it go? | ||
| Is it in planting equipment? | ||
| Is it making people's lives better? | ||
| Is it creating high-value-added jobs? | ||
| The answer to that, you answer it. | ||
| Don't look to me, you answer it. | ||
| Look around. | ||
| Jim Rickards, we've got you in here today to make sense of this madness because it's coming to the United States. | ||
| You're going to have, in the next 48 hours, a total freefall, a total firefight on Capitol Hill where virtually no Republicans... | ||
| Unless it's people that have to because of the hurricanes or the floods or whatever, they have the packages in there to help people, that their constituents need that money. | ||
| Other than that, virtually every Republican is going to fight this. | ||
| You're going to have Democrats who, once again... | ||
| Johnson is going to prove that he's just a speaker for the Democrats. | ||
| It's going to be a firefight on something that should be the... | ||
| And this is the easy one, ladies and gentlemen. | ||
| This is the easiest one we're going to do. | ||
| A skinny CR. This is so elemental. | ||
| So easy. | ||
| This is nothing compared to what's coming after President Trump takes the oath of office. | ||
| That's when we're playing Major League Baseball and not coach pitch. | ||
| Jim Rickards. | ||
| Well, Steve, that was a great reel you had on, you know, kind of governments following around the world. | ||
| And Ben had a really good update on Germany. | ||
| That could have been twice as long as you know. | ||
| In Romania, I would say mildly pro-Russian, or at least once to talk to Russia, candidate won a free and fair election. | ||
| He was going to be the next President of Romania and the Supreme Court of Romania invalidated the election and said, sir, you have to do it over again. | ||
| In other words, we're supposed to be fighting for democracy in Ukraine. | ||
| That's a joke. | ||
| Zelensky's term ran out last May. | ||
| He's a military dictator right now. | ||
| There is no democracy in Ukraine. | ||
| But as of now, there's no democracy in Romania. | ||
| Because they just invalidated the election. | ||
| Of course, we have the situation in Korea. | ||
| Different fact patterns, but your basic notion that governments around the world are falling is correct. | ||
| I have a little more insight on our friend Chrystia Freeland. | ||
| I know her very well. | ||
| She and I were debate partners. | ||
| Just to tell the story briefly, a high-profile debate. | ||
| We spent months talking to each other, preparing, et cetera, et cetera. | ||
| We go, we do the debate. | ||
| I thought she was a pretty good friend. | ||
| Like I said, we talked all the time. | ||
| Well, we lost the debate. | ||
| You win some, you lose some. | ||
| But there was a big gala afterwards. | ||
| And we went and said, we'll go to the bar, have a drink, congratulate our opponents and all that. | ||
| She turned her back on me. | ||
| She never spoke to me again. | ||
| I mean, she was a snake. | ||
| And she still is. | ||
| And by the way, and she just stuck the knife in Trudeau's back. | ||
| We saw that yesterday. | ||
| But here's the thing with Christia. | ||
| This is being positioned as it's all about the tariff wars. | ||
| Trump, Trudeau's not tough enough, she'll be tougher, etc. | ||
| It's really very much about Ukraine. | ||
| Her grandfather was a Nazi sympathizer in Ukraine in World War II. Probably more than that, but that much is very well documented. | ||
| She's rabidly pro-Ukrainian, shows up at rallies in Ukrainian dress, a total warmonger, very much in the World Economic Forum orb, if you will. | ||
| And so part of what she's doing, she's trying to run Trudeau off the road. | ||
| She wants to be the party leader and ultimately the prime minister. | ||
| But a lot of her motivation is about keeping the war going in Ukraine. | ||
| So you need to Can I see where that's coming from? | ||
| And yeah, you know, we mentioned Romania and Germany. | ||
| I think Ben had it exactly right. | ||
| The more conservative party there is set for major gains. | ||
| And let's not forget the UK. I mean, what happened there? | ||
| So Labour has the biggest majority by seats, but they had a worse performance by votes than they did the last time they ran. | ||
| And the point is, they have a, let's go first past the post, meaning if you have three candidates The one who gets the most votes gets the seat, even if it's nowhere near a majority. | ||
| Well, what happened was reform, which is Nigel Farage and the Tories, Split the votes in a lot of constituencies. | ||
| So the Labour candidate won. | ||
| But if you combine Reform and the Tories, they got the most votes. | ||
| So we'll see what happens there. | ||
| But we'll leave it to our friend, Najah Faraj. | ||
| But some kind of combination between Reform and Tories would win the next election. | ||
| So we keep an eye on that as well. | ||
| So yeah, the governments are falling all over the place. | ||
| But it's for the reason you mentioned. | ||
| So when she sent – and I agree. | ||
| She's very cunning, but she's smart and tough. | ||
| In her letter, she said to Trudeau, she says, hey, you're not taking Trump's – quote, aggressive economic nationalism seriously enough. | ||
| We've got big deficits, and you're presenting a bill that has a bigger deficit. | ||
| We need to keep our powder dry to basically see what the madman south of the border comes at us with. | ||
| In that regard, she's quite correct, right? | ||
| President Trump has taken a very economic nationalist stance here between Mexico and the United States, between Canada and the United States, and between China and the United States. | ||
| In that regard, it's these deficits. | ||
| This is what turfed out the government in France. | ||
| This is what essentially turfed out. | ||
| This is what's going to turf us out. | ||
| You can't run at 6%, 7%, 8% deficits to GDP. At some point in time, you should get them to zero, but if you can't get them to zero, you at least got to get them under 3%, and nobody's doing that. | ||
| Nobody's taking the cuts to get there, Jim. | ||
| Well, that's right. | ||
| This is Scott Bestin's 3-3-3 plan. | ||
| Deficits at 3% of GDP, growth at 3%, real growth at 3%. | ||
| But with 2% inflation or 3% inflation, your nominal growth will actually be 5% or 6%. | ||
| And that's what counts for debt purposes. | ||
| Real growth, it counts for everyday Americans. | ||
| But if you're trying to manage the debt, debt is nominal and growth is nominal. | ||
| So if you get 3% deficits and 6% growth or 5% growth, you're growing faster than you're adding more debt and your debt to GDP ratio is going down. | ||
| You're never going to pay off the national debt. | ||
| You don't have to. | ||
| You just have to make it sustainable and have the ability to roll it over. | ||
| But the way you do that is to grow faster than you're adding debt, which is exactly what This is fifth grade math, but the point is, try doing it. | ||
| That's the difficult part. | ||
| But you're right. | ||
| It's an issue all over the world. | ||
| But she wants to take a hard line. | ||
| She wants to fight the trade war. | ||
| Good luck. | ||
| I mean, Canada and the US are one of the largest bilateral trading relationships in the world, period. | ||
| And Canada relies on USMCA, US-Mexico-Canadian agreement. | ||
| It's a successor to NAFTA. It's a better deal for the US. Canada is utterly dependent on that. | ||
| Well, Canada is a rich country, a very small population, about 30 million, and between, you know, in effect, free electricity coming from hydroelectric in Quebec and the oil output from Alberta, even though they've tried to squash it, They can afford a lot of benefits that other countries can't. | ||
| But they cannot afford a trade war with the United States. | ||
| And that's where they're heading. | ||
| And that's where they'll end up with her in charge. | ||
| But she's playing a deeper game. | ||
| And again, it has a lot to do with trying to hurt Trump, hurt the U.S. economy and support Ukraine. | ||
| Let's talk about the three that fell for different reasons. | ||
| South Korea... | ||
| you want but we've got chaos throughout the world that's even above economics sir dead loose jim Okay, let's go ahead and try to reboot him if we can. | ||
| Jim Rickers, let's bring in, do I have, do I have, in Rome, Do I have Ben Harnwell? | ||
| Ben, let's talk about... | ||
| You've got a lot to say about Ukraine. | ||
| This Ukraine situation is... | ||
| I think it's got to go to full stop. | ||
| President Trump has been very magnanimous. | ||
| He's been talking about, hey, we need to put down... | ||
| We need to stop launching, laundering missiles. | ||
| It turns out... | ||
| Believe it or not, folks, President Trump said yesterday to a press conference. | ||
| He was not consultant, nor was he informed by the White House. | ||
| This is what I say in the three lines of work. | ||
| The Third World War... | ||
| The border invasion and now the financial crisis. | ||
| They're not even keeping Trump in the loop. | ||
| In fact, they're doing things to hurt him. | ||
| Give me your assessment on Ukraine. | ||
| Denver, if you'd very kindly put up the article I'm talking from Foreign Policy. | ||
| This is their one headlined. | ||
| Keep Ukraine out of talks to end its war. | ||
| This is foreign policy, right? | ||
| So for the war in policy, it's not the National Post or Gateway Pundit or Human Events or anything. | ||
| This is basically, along with Foreign Affairs, these two magazines. | ||
| This is, if you read these magazines, you're basically hearing the international rules-based order talking amongst itself. | ||
| Thanks very much, Denver. | ||
| And here, for the first time, is an article written by Anatol Leven, who's the director of the Eurasia program at the Quincy Institute of Responsible Statecraft. | ||
| But he's basically saying it's the first time I have seen in three years of following this Ukraine war in the mainstream media the idea that Zelensky himself is an obstacle to peace. | ||
| Now, obviously, for the war in Posse, we know this. | ||
| What's the newsflash here? | ||
| But it is interesting to see now that in an organ, in a magazine of this degree of responsibility, of authority, the argument is being made that Zelensky needs to be sidelined. | ||
| Specifically, Steve, I have to bring on the show this. | ||
| Those folks who follow me on Getter will know that I am pushing again and again and again this issue about the security guarantees. | ||
| This is something, for example, General Kellogg has been pushing as one of the options for President Trump's consideration for negotiation. | ||
| No, no. | ||
| Hang on, hang on, hang on. | ||
| We can't give security guarantees. | ||
| We can't give security guarantees with American troops in Ukraine. | ||
| Impossible. | ||
| We can't give security guarantees in Syria. | ||
| Ben, just hang on for one second. | ||
| I'll bring you back after the break. | ||
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| Jim Rickards, Ben Harnwell with me after a short commercial break. | ||
|
unidentified
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Here's your host, Stephen K. Mann. | |
| Okay, today at 1 o'clock, it's totally free, as is all our content. | ||
| But... | ||
| Grace will put this up on all of our different platforms. | ||
| There's going to be a communion in the present danger of China, shared by Frank Gaffney today, a webinar, Treacherous Transition. | ||
| This goes through everything... | ||
| The Xi, Biden are doing on the transition. | ||
| You're going to have Ben Burkwam is going to be there. | ||
| Captain, the great Captain James Fennell, George Raskley, Dave Walsh, Peter McElvenna, Colonel Rob Maness, and many, many others are going to be talked about in detail. | ||
| You don't want to miss this. | ||
| This is Committee on the Present Danger. | ||
| I think it's the last webinar of the year. | ||
| It starts at 1 p.m. | ||
| It will be on all of our... | ||
| Different distribution platforms. | ||
| Check with Grace Chong to find out where. | ||
| Jim Rickards. | ||
| By the way, I've got to spend a lot more time on the geopolitics of this, so I've asked Ben Harnwell to get ready. | ||
| He's going to join me in the 6 o'clock show tonight. | ||
| Jim Rickards. | ||
| You know, this South Korean thing kind of came, and this is why you talk about, you know this, you were kind of hung out in the CIA for a few years. | ||
| I keep saying that the intelligence apparatus is a disaster. | ||
| Caught by surprise about what's going on in Germany, caught by surprise of what's going on in France, caught by surprise of what's going on in Syria, caught by surprise of what's going on in Romania, totally caught by surprise of what's happening in South Africa. | ||
| Why, first off, what's going on, and particularly in places like South Korea and in Syria, and why does the intelligence apparatus seem like we're at the worst possible, particularly when President Trump and folks are even looking at alternatives of doing bombing runs on the Persians' nuclear capabilities, sir? | ||
| Well, you're right about the intelligence community. | ||
| It's been a long time there. | ||
| And it's not... | ||
| It's not that they're stupid or incapable, it's that they have a hidden agenda. | ||
| So they're pursuing their agenda, not what Trump's proposing. | ||
| John Radcliffe and Tulsi Gabbard in there fast enough. | ||
| Here's the thing with Syria. | ||
| The notion that, you know, you've got these rebels, they took Damascus, they're going to set up some government. | ||
| The Biden White House actually said, why don't we have the UN and have a kind of a convention and get all the groups and come up with a constitution? | ||
| Are you kidding me? | ||
| There is no government in Syria. | ||
| That's the point. | ||
| It's not even, you know, is it Turkish government? | ||
| Is it Alawite, these rebels. | ||
| There is no government in Syria. | ||
| That's very critical to understand. | ||
| Turkey's going to try to run the show, but they're not going to be able to. | ||
| Their concern is really with the border, the Kurds, and the extent to which the Kurds have interest inside Turkey. | ||
| So yeah, that's a legitimate interest for Turkey. | ||
| But no one's in charge in Syria right now. | ||
| Israel's taking what they want, and why not? | ||
| But I would look for much worse results coming out of Syria Because of that complete absence of any government. | ||
| And ISIS is on the rise again. | ||
| All the things that, you know, Trump got rid of ISIS in a matter of months, actually, after several years of a rise under Obama. | ||
| But the intelligence community, they're still living with the legacy of Brennan, you know, John Brennan and Hayden to some extent, which is they actually sympathize with Iran. | ||
| So, yeah, if you sympathize with Iran, this is the kind of result you get. | ||
| On Ukraine, just quickly, Biden, what they're doing, if you're familiar with chess moves, this is called a fork. | ||
| And a fork is when I put my piece in a place and I attack two of your pieces at once. | ||
| You can save one, but you're going to lose the other. | ||
| So either way, you lose. | ||
| So this is what they're doing to Trump right now. | ||
| There's something called the Ghost Fleet. | ||
| Russia's exporting oil. | ||
| They're putting it in tankers, not insured in London, whatever. | ||
| They're working around the sanctions and getting the oil out. | ||
| Biden just put on sanctions that say the ghost fleet cannot call on any port, anywhere in the world, etc. | ||
| They'll keep doing what they're doing. | ||
| But here's the dilemma for Trump. | ||
| That's gonna raise the price of oil. | ||
| Russia can do the workaround, but it's gonna raise the price of oil. | ||
| So you dump it in Trump's lap and you say, if Trump removes the sanctions, he'll be a Putin puppet. | ||
| But if he keeps the sanctions on, they'll blame him for inflation. | ||
| So that's a fork. | ||
| You lose either way. | ||
| The other one has to do with the escalation of the war. | ||
| We're firing missiles into Russia. | ||
| Russia came back with a Russian missile, which basically makes tactical nuclear weapons obsolete. | ||
| This thing, it doesn't blow things up. | ||
| It turns them into dust. | ||
| But everyone would have thought the U.S. would have got the message that we're continuing to fire attackers into Russia. | ||
| So again, this is going to be dumped on Trump. | ||
| So now, if Trump continues that path, which is just aggressive escalation all along, The Ukrainians are going to lose the war. | ||
| That's just a matter of time. | ||
| But Trump will get blamed for it if the war continues. | ||
| On the other hand, if Trump negotiates something, why should he give up any territory? | ||
| It's a war. | ||
| When you win wars, you get to keep stuff. | ||
| That's what the US foreign policy establishment doesn't seem to understand. | ||
| So if Trump negotiates the peace that Putin will insist on, he'll be a Putin puppet. | ||
| But if he continues the war, he'll get blamed for losing the war. | ||
| So what Biden's doing is very clever because they're putting Trump in, as I said, the fork. | ||
| He has choices, but he's going to lose one way or the other. | ||
| The solution for that is for Trump to get ahead of it. | ||
| With education, just say, talk to the American people and say, here's what Biden's doing. | ||
| It's not in our best interest. | ||
| We need to get around it. | ||
| And the third thing, very quickly, you and I talked almost a year ago about stealing the Russian assets, US lawfully owned, Russia's owned US Treasury securities. | ||
| They've been seized by the United States. | ||
| That happens all the time. | ||
| But now they've actually been converted into a loan to Ukraine. | ||
| They've been stolen And they had a little party in Janet Yellen's office. | ||
| I don't know if there was any champagne there, but they were high-fiving when they saw the wire transfer go through on the ledger, etc. | ||
| This is another nail in the coffin of the dollar. | ||
| I'm not saying the dollar collapses overnight. | ||
| Actually, the dollar's quite strong right now, except relative to gold. | ||
| But they're destroying the US dollar over time by stealing these assets. | ||
| So Biden's doing everything possible to basically burn down the United States. | ||
| What I call the Viking funeral before Trump gets in. | ||
| But Trump needs to be alert to it. | ||
| I'm not sure Waltz and General Kellogg are really, you know, quite as attuned to what Biden's actually doing as they should be. | ||
| I totally agree with you on that. | ||
| Jim, where do people go to get access to all your newsletters? | ||
| The newsletters are amazing. | ||
| You got general newsletters that give you overview of geopolitics, capital markets, then you have specialty, plus you have all your writings. | ||
| Where do folks go? | ||
| Thanks, Steve. | ||
| We have a landing page. | ||
| It's called RickardsWarRoom.com. | ||
| RickardsWarRoom.com. | ||
| That's R-I-C-K-A-R-D-S. RickardsWarRoom.com. | ||
| You can go there and get our flagship newsletter, Strategic Intelligence, and then beyond that, we have book offers and a lot more. | ||
| So we hope people enjoy it. | ||
| Jim, glad to have you on here. | ||
| Look forward to having you next week and do an end of your summary. | ||
| So thank you, sir. | ||
| Thanks. | ||
| Jim Rickert's right there with the fall of these governments. | ||
| More fiasco. | ||
| Do we have Johnson? | ||
| I want to get back to the CR. We'll be covering this, obviously, this afternoon and this evening, but this is another complete and total debacle. | ||
| Let's go ahead and play. | ||
| I think it's Speaker Johnson at his press conference. | ||
|
unidentified
|
Let's go ahead and play it. | |
| Let me talk briefly about the funding of the government. | ||
| The CR is coming together. | ||
| Bipartisan work is ongoing. | ||
| We're almost there. | ||
| We worked really hard to achieve consensus on a bill that responsibly funds the government into March of next year. | ||
| It'll go to March 14. And that date was chosen because it coincides with the calendars of the House and Senate, and it makes sense for us to get The appropriation's done. | ||
| But our aim is to do it early in the year, not wait till March, and all the appropriators and the people on the committees of jurisdiction are already working to do that. | ||
| We've been working around the clock to get the CR done. | ||
| It was intended to be, and it was until recent days, a very simple, very clean CR, a stopgap funding measure to get us into next year, When we have unified government under the Republican Party. | ||
| But a couple of intervening things have occurred. | ||
| As we say, as we describe them, acts of God. | ||
| We had these massive hurricanes, as you know, in the late fall. | ||
| Helene and Milton and other disasters. | ||
| We have to make sure that the Americans that were devastated by these hurricanes get the relief they need. | ||
| So we are adding to this a disaster relief package, and that's critically important. | ||
| Also important is the devastation that is being faced by our farming community. | ||
| The agriculture sector has really struggled. | ||
| They've had effectively three losses. | ||
| years and commodity prices are a bit of a mess and you've got input costs that are skyrocketed because of biodynamics. | ||
| You put all those factors together, droughts and all the other conditions, and you have a lot of small family farms and We're good to go. | ||
| I'm not going to get into much more detail because it's almost done, but we do expect text today, and we are going to try. | ||
| Let me answer your question in advance. | ||
| We are, I believe, in the 72-hour rule. | ||
| I've said that to all the House Republicans this morning. | ||
| I believe we ought to try to pass this on a rule to go through regular process. | ||
| We're committed to all of that. | ||
| We're going to take care of these obligations and get this done, and then we're going to go to work in unified government in the 119th Congress. | ||
| It begins in January. | ||
| Okay, I'm not so sure that's accurate, but I'm open to having a chance because we've been doing the show. | ||
| I'll look at it. | ||
| I think it's more than the emergency for the farms and the hurricanes and such. | ||
| But then still, we're talking 90 days. | ||
| December 20th, January 20th, February 20th, March 20th. | ||
| It's 90 days. | ||
| It's 90 days. | ||
| Now, I understand sometimes hurricanes, maybe some of the farms, but if that needs to be done sometimes within 90 days and you can't find the money elsewhere, still schloffing around, right? | ||
| You're telling me, okay, maybe a tiny couple of lines on that. | ||
| That's not what I'm hearing is in this. | ||
| And people, they're in an uproar because they weren't brought into this process. | ||
| Right? | ||
| And I hear that there's free trade for Haitian t-shirts or whatever. | ||
| I'm sure that's just a minor thing. | ||
| But I just don't trust Johnson on this. | ||
| I don't trust Johnson that you're just hearing about it now. | ||
| That it gets just dropped now. | ||
| So we're going to look into this. | ||
| And if it should be supported, obviously the worm's supportive. | ||
| If it shouldn't be supported, it won't be. | ||
| My bigger and deeper concern is that under Johnson... | ||
| We're about to hit a firestorm with huge, I mean, the whole 2025 spending package, including what Vivek and Elon and, you know, you're not going to wait a couple of years to do Doge. | ||
| President Trump wants it done now. | ||
| And that would be, this is the whole reason we're doing the CR, to kick the thing into when President Trump takes over. | ||
| And these cuts are going to be substantial. | ||
| The reorganization will be substantial. | ||
| They're talking about eliminating entire departments, which is the way you have to do it if you want to cut. | ||
| Remember, it's programs and departments and billets. | ||
| Not really about individual people, and not about little teeny, you know, research and things like waste, fraud, and abuse. | ||
| It's deeper than waste, fraud, and abuse. | ||
| It is exactly what you are trying to accomplish in the government, and you're trying to accomplish too much from the hegemony of the American empire to All the way to the nanny state and everything in between. | ||
| And that's where we're going to really need a heavy lift and people to be brought into the process early. | ||
| When we get to this, this is going to be also the afternoon shows. | ||
| It's going to be a big fight up on Capitol Hill. | ||
| We're going to be all over it. | ||
| I'll get a chance to break this down after the morning shows. | ||
| The great folks at Silent, we talk about Christmas gifts. | ||
| You've got these Faraday bags and pouches. | ||
| They can take care of your iPad, your computer, your phones. | ||
| Don't allow bad actors, and those bad actors, whether they're in the federal government, whether they're third party from Eastern Europe to North Korea, up in Manchuria, to actual governments themselves, don't let anybody get into your... | ||
| Your phone, your text message, your emails. | ||
| Get these great Faraday bags. | ||
| SLNT.com. | ||
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| Go check it out today. | ||
| And of course, Birch Gold. | ||
| We've put out now Modern Monetary Theory because as we get into next year and we're having these massive fights that you're going to be in the ramparts, I want to make sure that you have the theoretical background on how we got into this mess, what I call the idea theory. | ||
| That broke the world. | ||
| So we get a full shot to, I think we do a really good job of explaining it this time. | ||
| We got some charts and some things to make it more explanatory. | ||
| It's not there to make you the smartest person at the Christmas party. | ||
| It's to make sure that you're a cadre member that can throw a punch as good as take a punch. | ||
| Metaphorically. | ||
| Okay, Warpath Coffee. | ||
| This is the way we get jacked up here in the war room. | ||
| And jacked up we are. | ||
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| Short break. | ||
|
unidentified
|
Here's your host, Stephen K. Band. | |
| Okay, do I have Lindell? | ||
| Okay, hang on a second. | ||
| We're heading out. | ||
| We're going to be in Phoenix at Charlie Kirk's AmFest. | ||
| Charlie Kirk follows us here in Real America's Voice. | ||
| Two hours of populist nationalism as only Charlie and the team over Turning Point can serve it up. | ||
| They're absolutely fantastic. | ||
| POSO's after that with Human Events Daily. | ||
| And then we're back 5 to 7 tonight. | ||
| We're going to have a lot more coverage of this whole CR fiasco up on Capitol Hill because of fiasco it is. | ||
| AmFest, I think I'm speaking opening night with Tucker and Don Jr. That's the 19th. | ||
| When everybody, particularly any war or posse people, and we have it, I'm trying to figure it out right now. | ||
| We're going to hang together. | ||
| We're going to figure it out. | ||
| We'll get to meet you guys, get selfies, do all that, catch up with where you are, and hopefully do something either in the building or off-site so we can have some time together to end the year. | ||
| Amfest.com. | ||
| You put in warm, you get 25% off of the general mission ticket, so make sure you take advantage of that. | ||
| Also, our sponsor, Sacred Human Health. | ||
| They're coming out with a whole broader range. | ||
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| Check it all out. | ||
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| So go check it out today. | ||
| Sacred Human Health. | ||
| And of course, get to Tej Gill and the team. | ||
| They've taken years to actually perfect this. | ||
| As you know, I'm a coffee aficionado. | ||
| I love my warpath to start the morning off. | ||
| That's because of the dark roast. | ||
| They took so long to kind of figure out how to do it perfectly. | ||
| You don't need cream or sugar. | ||
| There's no acidity to it. | ||
| It's one of the reasons I love it. | ||
| But don't take it from me. | ||
| You've got over 6,000 now. | ||
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| So go check it out. | ||
| Read what your fellow cadre members say. | ||
| And check it out. | ||
| Two other things. | ||
| Cash Patel's in the middle of the firestorm. | ||
| If you notice, Cash is now the one they talk least about. | ||
| That was the one they had the most. | ||
| We put our shoulder to it. | ||
| We also got information out. | ||
| As I kept saying, Cash is, I think, the most qualified when you look at counterterrorism and counterintel that they've ever put up. | ||
| One way you see what Cash is thinking about, hey, you have to sort this mess out. | ||
| And I said the other day, it's going to have to be sorted out. | ||
| We can't look the other way. | ||
| You got Government Gangsters, his book, but we did a film about it just with Cash. | ||
| I made this film very specifically so Cash could actually present to you in even a more accessible form than the book. | ||
| Government Gangsters, you get that at warfilm.films. | ||
| We're going to put a lot of movies up and back into the production business in kind of my spare time. | ||
| We've got a bunch of big announcements coming on films that we're working on, so go. | ||
| Warroom.film. | ||
| I think that's singular. | ||
| People tell me. | ||
| Film. | ||
| Warroom.film. | ||
| If it's not, then put films. | ||
| Put an S on it. | ||
| But go check it out today. | ||
| You can get government gangsters. | ||
| Look at that. | ||
| Share it over the holidays. | ||
| Cash is confirmation hearings coming up, I hope, early in January. | ||
| To get it all done. | ||
| Also, Dan Fluitt, who's my producer on that film and co-writer, he did a book. | ||
| The Pictorial History of the War Room, it's stunning. | ||
| The photography's stunning, but the writing's also great. | ||
| I didn't know Dan was a writer, but it's really magnificent. | ||
| You get the whole sense from the contributors that people put the show on. | ||
| Over the last five years. | ||
| It is a great... | ||
| I can't think of a better gift for the MAGA crowd. | ||
| And it's a great... | ||
| Put it on your coffee table. | ||
| It is a conversation piece. | ||
| You'll love dipping in and out of it. | ||
| That is the book... | ||
| Was it Rogues, Rebels? | ||
| The Pictorial History of the War Room. | ||
| It's up on Amazon. | ||
| You can go to Skyhorse Books. | ||
| Check it out. | ||
| One of the War Room books. | ||
| Really probably got a bunch of big announcements on those War Room books at the beginning of the year. | ||
| Some stuff you're really going to get excited. | ||
| I'm so... | ||
| I'm pumped. | ||
| As you know, I love reading. | ||
| Elaine Lafferty and Tony Lyons have done such a great job of building the publishing arm. | ||
| Mike Lindell joins me. | ||
| Mike Lindell, it's the Christmas season. | ||
| I think this is the first day post-free shipping. | ||
| Is that correct? | ||
| Yeah, but see, this is the last day we guarantee the shipping by Christmas. | ||
| So this is really important, everybody. | ||
| This is the day you wanna guarantee, we guarantee that your presents will arrive before Christmas. | ||
| And we've got everything on sale for the war room posse. | ||
| I wanna first point out these blankets. | ||
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| This was a War Room exclusive, just in time for Christmas. | ||
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| Get yourself a gift. | ||
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| Remember, everything we make, like the slippers, they're made with impact. | ||
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| This is the way to get all your shopping done. | ||
| And my employees were thanking you. | ||
| Merry Christmas to all of you for helping my pillow get through some of the toughest times we've ever had. | ||
| I spent all these last two weeks with the IRS attacking us again. | ||
| And we're getting through that, by the way, everybody. | ||
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| 800-873-1062. | ||
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| Remember the IRS? They didn't want them working from home. | ||
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| We won that. | ||
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| They all work off commission from home. | ||
| Let's make them and get a Merry Christmas. | ||
| You guys, I'm going to extend our Christmas guarantee. | ||
| To March 1st of 2025. So any product you get from MyPillow, we treat every customer like it's our only customer. | ||
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| That customer service goes right along with that gift, Steve. | ||
| Mike Lindell, we love you, brother. | ||
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| From the factory floor of MyPillow, Mike Lindell. | ||
| St. John the Evangelist takes us out with When the Man Comes Around. | ||
| We're going to be back here at 5 p.m. | ||
| live. | ||
| Stick around for Charlie Kirk, Jack Vosovo. | ||
| We'll see you back here at Real America's Voice in the War Room, 5 p.m. |
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