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Jan. 11, 2025 - Bannon's War Room
48:37
Episode 4188: Chaos Abroad And Manufacturing Local
Participants
Main voices
p
phillip patrick
07:38
s
steve bannon
31:12
Appearances
b
ben harnwell
02:22
m
mike lindell
02:22
Clips
j
jake tapper
00:08
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies.
unidentified
Because we're going medieval on these people.
steve bannon
I got a free shot at all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you try 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
Mega 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. Mann.
steve bannon
It's Saturday, 11...
January in the year of our Lord, 2025. Guys, if you can put up for a second.
I'm not off this topic yet.
Denver, can you put up the flames of Los Angeles?
One of the smarter guys I know had just informed me that one of the engine room, we have a lot of people that watch this show, some of the most sophisticated people in the world, and they send me things during this show.
I want everybody to understand this.
He said, hey, Bannon, remember, The 1906 fire in San Francisco burned for four days and ultimately caused the panic of 1907 that J.P. Morgan single-handedly had to fix.
However, because of how bad the financial panic was, it led to the fame meeting at Creature Island and eventually the start of the Federal Reserve.
This will be monumentally worse.
This is not a jokester.
He's connecting dots right there.
They said it's $50 billion.
This is going to be $150 billion.
This is going to bankrupt that insurance situation out there where you can't get all the insurance you need for the price of these houses now.
You have to go to a private thing that's pooled resources or it's pooled of insurance companies, but it's kind of backed up by, I guess, a semi-government guarantee somehow, or at least implied.
It's going to be a massive ballot, and then you're going to have the whole question of why the country?
Why is the country of people making $32,000 a year bailing out some of the wealthier section, you know, bailing out Holmby Hills or Beverly Hills or Brentwood or Bel Air?
This is very serious, folks, and it's getting worse.
I mean, how can you justify that?
How in a country as great as this country can you justify it?
You see Katie Turin, you go back to Pacific Palisades, they're in shock.
It's gone.
It's gone.
The Catholic schools, Corpus Christi's gone.
The temple's gone.
The Episcopalian church is gone.
The library's gone.
The schools are gone.
The houses are gone.
Alphabet streets, these quaint little houses.
Because they've got very tight restrictions, not like Manhattan Beach or some other place.
You tear a place down, you build Tehran Du next to it.
These have very strict, to keep the village flavor of it, and the flavor of the place like when, to a large extent, not perfect, but like when President Reagan moved there with Nancy.
Why did they move there?
They were understated folks.
Gone.
Gone.
That fire was burning this morning.
You wait till it gets to the Getty Museum.
But the Getty Museum is one of the greatest museums in the world, right?
Modern art, I think.
Not exactly my line of country, but one of the great museums in the world.
Just continues, gets worse.
This is what happens.
And what do they do?
They're sitting there trying to stop...
Trump, every step of the way, every step of the way in everything.
I don't care if it's jiggering the balance sheet so that he and Besant have bigger problems with what to deal with.
You heard Benzman, right?
What they're doing on the mass deportations, fighting us every step of the way, right?
Up to the end, in the Ukraine, shipping more.
You know, Honro's going to be in a second, making it tougher to make a real deal there.
Those are the three big lines of work.
Everywhere you go and every one of these major things, they're confronting you now when it should be pencils down.
The country rendered a verdict.
If they believed in democracy, they would understand that the country rendered a verdict.
The country rendered a verdict on that fiasco yesterday in New York that embarrassed them and told you what they wanted to do, and man, they did it.
They're like automatons.
Convicted felon.
Convicted felon.
I mean, the chyron is bigger.
You only see the heads of the people.
The chyron's three-quarters of the screen.
Convicted felon.
Convicted felon.
You got Weissman.
He's like, convicted felon now.
You know he's a convicted felon?
I'm not so sure that Weissman's going to play in a cell block.
I'm not.
unidentified
I'm just, you know, don't know.
steve bannon
Don't know.
Don't know.
Hello, guys.
Let's see your papers, Weissman.
You got bad paperwork?
You got bad paperwork, Weissman?
Let's see it.
Let's see your paperwork.
Before you can go to the mess hall.
Before you can shower.
Before you can use the TV room.
Let's see your paperwork, Weissman.
Let's see it.
Bad paperwork.
Well, I didn't know.
Mike, hang on for a second.
I know you've got to go, but I've got to get to something.
Okay, I want to go to the Days of Thunder for a second, if Denver can put it up, and I'm going to try to review it.
I'm going to bring Lindell in for a minute, but I've got to get to this to let you know the cavalry is on its way.
Now, our theory of the case is you've got to flood the zone on this media and the apparatus.
Otherwise, they're going to try to pick you off one at a time, and that's what happens, right?
So here's the good news.
Starting next week, and I'll read these.
We can put it up Denver.
On Tuesday, these are the hearings that are now scheduled.
And next week, it's just flooded.
They flood the zone next week, and they've done a great job of getting folks ready.
Because you've got to know, you've got to get all the paperwork for the FBI. You've also got to get all your financial stuff in order.
This is not easy.
It's very cumbersome, very complicated.
Then you have to do a murder board.
They go through exercise day after day if the questions are going to be asked so that they're prepared.
On Tuesday, we have Doug Collins at the VA. Former Congressman of Georgia, Doug Collins.
You've got the one and only Pete Hegseth.
That starts at 9.30.
A SECDEF. We're going to be there with the veterans beforehand.
I mean, the morning show.
We'll be covering that.
We're going to cover this.
And we're going to cover these live and figure out how to jump back and forth.
We'll be picking up coverage next week.
Governor Doug Burgum.
Secretary of Interior.
That'll be amazing.
Then Wednesday, Kristi Noem, Homeland Security, Pam Bondi, Attorney General, Chris Wright, Energy, Marco Rubio, Secretary of State, Radcliffe, Director of the CIA, Sean Duffy, Transportation, Russ Vogt, the one and only Russ Vogt, OMB. Folks, for the transition team, Bravo Zulu, great job.
Look at that.
Six or seven there.
Next day, Pam Bondi, I think, comes back for day two.
Right?
You've got Lee Zeldin at EPA, Scott Turner at HUD, and our own Scott Besant, the Secretary of the Treasury.
So that's going to flood the zone next week.
We have Tuesday, Wednesday, Thursday.
You get them all in.
Hey, I don't know, maybe some committee votes shortly thereafter, after President Trump takes the inauguration, maybe committee votes, I don't know, Tuesday, Wednesday, right to the floor.
You know, next week could have, you know, could field a pretty good team.
This is what's it now.
I would have loved to have those a couple weeks ago.
It wasn't to be, but you got it done because the Senate guys are trying to push it back.
This is Susie Wiles and the team, Jason Miller, Stephen Miller, all of them.
Great job to give President Trump his team.
So days of thunder are going to start a little early because I'm sure there's going to be some fireworks.
We got to, hey, we're going to have to be fixed bayonets.
We got to get these people across the line.
The Democrats are out there plotting and planning, right?
If they can't stop it to try to embarrass and humiliate people and President Trump.
We're going to be the head of the curve on that.
So just make sure, get ready.
Next week's a work week.
Okay?
And then following the following, Days of Thunder really going to kick off in the afternoon of the 20th because President Trump's coming in for shock and awe in every one of those verticals.
I think they're working on 100. Now, the 100, just a minute, the 100 are not going to all be day one.
First up, you've got to get these legal opinions, Office of Legal Counsel, but there's going to be a grunge that are going to be day one in addition to other things.
They're working on some fantastic stuff, and it's going to put people...
You're going to know there's a new sheriff in town when you see it.
So, folks, take the weekend off.
Get ready.
Next week's the Warren Posse up on the ramparts for the confirmation hearings, and then get ready to support President Trump when he pulls the trigger on Monday.
We're also going to have some things in Washington.
I'll announce some events that we want to invite the war and posse to, to the degree we can kind of handle crowds.
But we're going to be announcing that with Mo probably Monday morning.
Maybe I'll put it up on Getter over the weekend if we get there.
But a bunch of groups are coming together to put some stuff on.
It would be quite fascinating.
Mike Lindell, you join us, sir. - Yeah.
I need a flannel sheet.
I need a cross.
I need a pillow.
What do you got for me?
And how we're going to do it?
mike lindell
Well, Steve, I want to quick make a comment on the fires out there.
First of all, we're praying for everybody in California.
I wanna say it.
You see, everybody, how important it is that elections are to secure our election platforms.
When you have people in charge that make nonsensical decisions or non-decisions, it's a perfect example of the nonsense with Newsom and everyone else out there.
But anyway, our prayers go out to them.
And yeah, for the weekend war room posse earlier in the week.
We announced the crosses that I wear.
They're made in the USA. We launched them here on the War Room Posse.
It's an exclusive.
The women's is reversible.
It's got a mother-of-pearl look on one side and black on the other side.
And they're 30% off if you pull up that.
There it is, the MyCross necklaces.
You've all been waiting for them.
This is probably the most requested product I've ever had.
You save 30%.
If you go to the website, go down to see Steve.
This is really important.
Scroll down to see Steve's face.
Click on that, and there you're going to come up with the Micros.
You're going to see the clearance event we have.
This is a War Room exclusive.
All the stuff we're clearing out, up to 80% off.
And then this pillow I'm holding here, $749.
This is the last two days for this.
This is the MyPillow 2.0, $7.49.
So you have all this going on, but get the crosses before they're gone.
This was a War Room exclusive for 30% off.
And then there's my reps, 800-873-1062.
I'm actually in right downstairs.
I'm gonna be heading down there.
I'm gonna actually take a couple calls.
We're in our big meetings today, so maybe I'll get to talk to one of you.
steve bannon
We love you.
The crosses are genius.
I know people ordered them.
They're stoked already.
So one more time, where do people go for all this?
mike lindell
Go to MyPillow.com.
Get your crosses there.
Scroll down to you, Steve.
Click on there and then use promo code WARROOM. 30% off or call 800-873-1062.
800-873-1062.
Tell them you want the War Room exclusives, the MyCross, the MyPillow 2.0 Pillow 749, and all these flannel sheets we have, the War Room special, Queens 5988 and Kings 6988, while they last.
While they last.
steve bannon
We don't need no stinking satin sheets from Populist.
Give me a flannel sheet.
Mike Lindell, love you, brother.
See you Monday.
We'll talk later.
We'll talk this afternoon.
I'll see you Monday.
Back on the show.
John Sparopoulos.
John, why don't you start and tell people what you're doing, where they go, how they follow you, how they support you, what are you going to get here?
All of it.
unidentified
Well, next Friday we head toward Washington from Indiana.
Moved out of California a year and a half ago, just in time.
We're going to be going into the crowds at the rally on the 19th on Sunday.
And at the inauguration, we want to hear from the people.
The people who have suffered through the last four years.
I didn't watch network television from election night 2020 because of that fraudulent election.
And when I've talked to people across the country, when we went with the truckers from California to Washington, they were all livid.
They were all fed up with the tyranny.
And we want to go celebrate.
It's that simple.
We just want to celebrate.
And revel in that victory.
And while we're there, of course, there's going to be some news breaking.
So we're going to ask people about that.
So we have executive orders, as you mentioned.
Hopefully we have pardoned of most, if not all of the J6ers, political prisoners.
And we're going to be monitoring what the news is and finding out when it's going to happen.
Now, you may have an inside track on this because...
steve bannon
Hey, where do people go real quickly?
We're about to jump.
Where do people go to find out about this?
unidentified
I'm at Let's Roll America.
At Let's Roll America on X, Truth Social, and Getter.
steve bannon
Okay, brother.
We'll see you in D.C. Guess you're excited about the fact you moved from L.A. You meet from Southern California.
You meet from Southern California to L.A. Everything's open to you, John.
As soon as you get here, you can come anywhere you want.
unidentified
Oh, I want to come and visit the posse meetup.
Okay.
See you then.
steve bannon
Good.
Okay, brother.
See you.
We're going to be putting out everything.
We'll do it on Monday.
I'm a little behind.
There's so much going on.
We're going to put out Monday, the whole schedule for the week.
How's that sound?
There'll be various things we can hang out together.
Love hanging out with you guys.
Whether it's AmFest, here it's inauguration, it's going to be historic, it's going to be classic.
Once in a lifetime.
Johnny Kahn, who lost his house in the Palisades, takes us out.
unidentified
Here's your host, Stephen K. Mann.
steve bannon
Nicole Shanahan, we've had her on the show.
She's the vice presidential candidate under Bobby Kennedy.
It comes from Silicon Valley, one of the smartest people I know.
Nicole Shanahan.
And if Grace can get it in the live chat and get the camera, let's get to Denver so they can put it up.
This is a quote.
Of you climate change doomsayers, California has been out of a drought since 2022. We've seen record rainfall, and yet the California Department of Water Resources, big city mayors, and the governor have failed to use that water to increase ground hydration and strengthen emergency fire services.
They look the other way despite warnings from universities, fire departments, farmers, and consultants offering actionable plans.
It's mind-boggling negligence.
I would say criminal negligence, ma'am.
Continuing on, the government in California has been taking orders from the wrong people for too long.
It's time they wake up, grow a pair, and get to work for the people.
That's Nicole Shanahan, vice presidential candidate with Bobby Kennedy, and hopefully she takes a senior role in President Trump's administration.
Birchgold.com.
Phillip Patrick is going to be with me.
Phillip actually had his house evacuate the other night.
He's still got some tough cell service.
We're going to try to get him up on video and hope it goes well.
Phillip Patrick of Birchgold will be joining us.
Folks, I haven't even gotten to the financial part because we don't have time today.
We'll talk a little bit about it with Phillip and the refinancing of this.
Birchgold.com slash Bannon.
Just don't get the...
It's got the end of the dollar empire, the free.
You get the modern monetary theory.
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But I think now you need to actually build your relationship with the company.
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Talk about 401ks, IRAs, all of it.
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So check it out today.
Birchgold.com slash Bannon.
Get everything there.
Or you can just take Bannon, B-A-N-N-O-N, at 989898 on your phone.
You get all your information.
How's that?
Modern technology.
Who'd have thunk it?
Right?
Ben Harnwell.
Another thing, so the three lines of work, right?
You got the financial.
I have Philip Patrick, totally turbulent.
Seven train.
It's got to be refinanced.
We now found out.
You just see what they're doing on the deportations in the border.
Right?
They're putting up barriers.
They're making it tougher.
They're giving people waivers.
British Trump's all over that.
That ain't nothing compared to stopping the kinetic part of the Third World War, which we're in right now, with a million seven either dead or wounded in Ukraine.
And Ukraine looks almost as bad as the Palisades.
Not as bad.
Think about that.
Three years of war with the Russian army.
It doesn't look as bad.
Tells you how California looks today.
Ben, this article with Kagan, I know you've got new updates on this.
Biden and these guys are shoveling money over there as fast as they can to try to make sure the Ukrainians continue to fight, to try to take away President Trump's ability to end this thing.
Kagan, they have set a trap for President Trump.
They want President Trump to own this war and own the catastrophe, the geopolitical catastrophe, the human catastrophe, the financial catastrophe.
They want it on Trump.
They're actually writing articles in Atlantic, and you see those guys from Atlantic, which is the new railhead of the left, that magazine.
You see them on MSNBC and CNN all day long.
They're laying a trap for President Trump.
This is why it's incumbent.
Upon the new Secretary of State, Marco Rubio, who's going to be, and he's going to be hammered next week.
We're going to bring it to you live in his hearing.
They're going to be all over Marco on Ukraine.
Okay?
Remember, those demons up there in the Senate, the Armed Services Committee want us to be involved in perpetuity.
So, Ben Harnwell, give me an update, because it was you that dug out of the Financial Times, the buried lead, that actually President Trump is kind of being tapped along to this, saying, hey, maybe I can take six months.
No, no, no, President Trump, President Trump, day one, you've got to lay down the framework that we're going to extract ourselves from this.
Are they going to stick it on you, sir?
Ben Harnwell, thoughts?
ben harnwell
Steve, good morning.
Well, it's absolutely, as you say, it's a giant lobster trap that the neocons are laying for President Trump.
And obviously what they want to do is they want to pin all the disaster, all the meat grind, all the huge waste of money.
They want to pin this on Donald Trump rather than on the outgoing regime.
And Donald Trump is the only person, really, because he's at the top of the apex, he's either going to play along and walk straight into that trap.
Or he's going to turn it around in their face.
I just want to quickly go back to something you mentioned, because it's absolutely true in your introduction, the Palisades.
I think the conventional, the running total of damage is between $100 and $150 billion right now.
Of course, it's changing on a daily basis.
Let's not forget that the Biden regime has given a minimum $250 billion to Ukraine.
So really, you could rebuild the Palisades twice over and still have change.
And I'm not an advocate for saying that the federal government should come in and fulfill the role of private insurance.
Not in the United States.
It's not a collectivist country.
But I'm just making the point.
They all waved the flags, Steve.
unidentified
They all waved the Ukrainian flags in Congress.
steve bannon
This is the huge thing, is that when we get into these fights about the refinancing of and taking care of insurance...
You've got to harken back to what these guys did.
They spent like drunken sailors.
We sent a quarter of a trillion dollars, $250 billion to Ukraine already.
To what?
To kill and wound a million seven people and leave it like Dresden?
That's what we've got.
And you're going to see these big arguments.
Money is not just tight.
Money is actually non-existent.
And these fights are going to have a money.
That's why the crimes in Ukraine are just monumental.
We've got to bolt, Ben, but what should Trump do in these first—what should he be thinking about right now?
What is your advice?
You've been on this for three years.
What's your advice to the president?
ben harnwell
The president, on day one, within the first 24 hours, should withdraw the United States from all engagement in Ukraine and should say so explicitly.
Shouldn't wait for negotiations.
Doesn't need to sit down with Putin.
Doesn't need to sit down with Zelensky.
There is nothing in these supposed negotiations that the United States needs to fight for because it has no interest in being there.
For three years, the Biden regime has never said what the United States' interests are in that region of the country.
Nothing to protect, nothing to defend.
So Donald Trump, on day one, first 24 hours, should withdraw the United States.
It's as simple as that.
Because if he doesn't, in six months' time, he's either going to withdraw at that point and hand Zelensky over to Putin, or he's going to look Putin in the eye and play a tough man and keep the United States in the game.
There is a no-win situation for him.
There's no uptake for Donald Trump in remaining in the game.
First 20 hours, withdraw the United States, and make sure the responsibility for this is pinned exactly where it belongs on Joe Biden.
Steve, I'm on Getter at Harnwell on Getter all weekend.
steve bannon
Thank you.
Everybody, the engine room just informs me, too, that the Palisades crowd was a big Ukrainian crowd.
Hey, I know maybe it's a bad day to bring it up.
Just saying.
You're going to have to face all these hard truths, folks.
Hard truths.
Ben, thank you.
Up on Getter.
Ben's stuff's amazing.
I wanted to leave you with some great news coming out of California.
There's a new book out, but more important in the book, there's a movement.
John Gardner joins us now from Southern California.
Manufacturer Local.
How to rebuild the United States into a manufacturing superpower.
John, we've got about two minutes.
I'm going to toss it to you.
We're going to have you on a lot more as we go forward, but I wanted to leave people with you and Philip Patrick to upbeat messages at the end of a very trying week.
Sir, what do you got?
unidentified
Hi.
Yeah, I wrote Manufacture Local, how to make America the manufacturing superpower of the world, because I wanted people to understand President Trump's tariff strategy and how America paid all of its bills for the first 140 years of its existence with tariffs.
There was no income tax, there's no sales tax, there's no estate tax.
And slowly, these taxes on the internal- Revenue service started taxing Americans as they phased out the external revenue service that was created by our founding fathers.
And we need to get, and President Trump wants to get us back to an external revenue service that does not target our citizens.
I also want to destroy the myth of unilateral free trade and how that benefits our nation.
Americans have been brainwashed by academics like Milton Friedman and Thomas Sowell, who all, I agree with some stuff they say, but they support unilateral free trade, meaning we tariff We do not tariff.
America does not tariff, while other nations tariff us at 100%, 150%.
And that makes no sense.
And on the note of unilateral free trade, I want to ask about the moral component.
Our supply chain is permeated with goods made by forced labor, slave labor.
And yet there's no moral component to stop that and manufacture in America and have the dollar that people spend stay within the American ecosystem and help your neighbor give them a job and stay within America and build our country up.
Beyond, national security is threatened when a nation does not produce its own goods.
An independent nation is only independent if it can produce its own goods.
And 80% of global trade is based on goods, not services.
steve bannon
John, real quickly, where do people go?
We'll have you back on.
I want the concept to stick this weekend, folks, external revenue system, external revenue service, not an internal revenue service.
Look to the outside to make them pay, and it doesn't come, it doesn't increase the cost of goods.
John, where do they go, brother?
unidentified
Just Google manufacturer local John Gardner.
Just Google manufacturer local John Gardner.
It'll be on Amazon, Barnes& Nobles, and Walmart.
steve bannon
Are you on social media?
Do you have a social media handle?
unidentified
XJohnGardnerVOH.
JohnGardnerVOH.
steve bannon
Love you, brother.
Good news coming out of Southern California right there.
John Gardner, thank you.
Look forward to having you back on.
unidentified
Thanks, Steve.
Thanks for having me.
steve bannon
External Revenue.
The External Revenue Service.
You like that sound of that?
You like the ring of that?
President Trump does.
He's got big, big ideas on trade and on tariffs.
Okay, we're going to take a short commercial break.
Philip Patrick's going to join me on the other side.
Hey, you're talking about supply chains?
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Boy, Gardner's amazing.
External Revenue Service.
I love that.
It's got a great ring to it, right?
Okay.
Nicole Negrady is going to take us out with Modern Day Holy War.
I think that's what we're in the middle of.
Philip Patrick joins us next.
Birch Gold.
We're going to talk capital markets.
We're going to talk deficits.
House President Trump and that main line of work.
The existential threat.
The ticking time bomb of the national debt.
President Trump's got a plan and he's going to be chopping wood to get us through it.
Short commercial break.
We'll return in the war room.
Just a moment.
unidentified
*Music* Here's your host, Stephen K. Band.
steve bannon
Okay, welcome back.
We're going to do some capital markets and some geopolitics at the same time as we've got Philip Patrick from Birch Gold.
And folks, we do these, as we told you, we do these partnerships or these sponsorship agreements.
One of the things that we demand is obviously the company's got to be the top in its field, but we also want to make sure that the audience gets full access to senior leadership.
And the feedback we've gotten over the last couple of years, people just love dealing with Philip Patrick and his team.
Not just he's making a lot of smart calls, but really the customer service and what they do to kind of bring you in and make sure you fully understand about precious metals, a hedge, everything.
Philip, and I really appreciate you.
And for the audience, it may go in and out because Philip is really contacting us from his home, which is in one of the places under siege in L.A. Just give us an update.
What has it been like?
What was it?
This thing's so apocalyptic.
I am very familiar with real estate in the Palisades.
I have a ton of friends.
The great Johnny Conn at Breitbart.
I mean, Mo went to prep school at Marymount right there on Sunset across from UCLA. I think half of her class at Palisades, she's got, I think, a half a dozen classmates that have even lost their families' houses or their own houses.
They've grown up and kind of moved back there.
The thing in Palisades, Philip, is so apocalyptic, it's almost a beggar belief.
Tell us about your experience.
phillip patrick
I mean, apocalyptic is the word to use, and this has really just been devastating.
I've lived through a number of fires in Los Angeles, but never seen the devastation.
I personally, like Mo, know a lot of people who have lost their homes, lost their livelihoods, and it's just...
Unbelievable to see.
We've been fortunate.
We were in the Hollywood Hills.
The fire luckily started blowing in the other direction.
We were evacuated for just a night.
So we've personally been fortunate, but just devastating.
And the more we look into it, you know, obviously the disaster was a natural disaster, but it appears there's been some mismanagement.
I'm also very concerned about...
Insurances, right?
A lot of these people in high-fire zones had their insurance cut a few weeks ago.
They have access only to something called the California Fair Plan, which has about $2.5 billion in funding.
We're looking at about $60 billion of damage and counting, so getting concerned whether these people are going to be reimbursed and get to rebuild those homes.
steve bannon
So really tough, and my heart goes out to those that are really No, look, the natural disaster of it is biblical, but added on top of that, and I think you're seeing this.
I love California.
I still own a bunch of property down in the Laguna Beach, Newport Beach, Laguna Beach area.
I had locations up in the Palisades and in Manhattan Beach.
And just moved, you know, moved south, although one of my ex-wives was still up in the Palisades.
And the Palisades is such a quaint, I mean, it's where Ronald Reagan moved in the 19, I think 1930s, 1940s.
It's just such a quaint neighborhood.
They've just been totally destroyed.
PCH in Malibu with all those classic old restaurants and houses just all gone.
It's just beggars belief what happened.
But it was on top of it, it's this, I mean, it's left wing.
We talk about it all the time at the federal level, at the international level.
It's this intrusive, progressive left-wing government that's intrusive but doesn't really get anything done, right?
They're just in to get into your life.
And I think there's got to be some accountability here about where are the firemen, where are the police officers, you know, where were – there's no ding on the firemen or police officers.
They just weren't deployed or there's not enough of them.
And particularly, where is the water?
Where is the equipment?
I mean, it's just stunning.
I sat there for an entire day watching here mesmerized on CNN and MSNBC. And literally at the Palisades, then the guys later reinforce it, never saw a fireman.
And I'm saying this place is they the entire little town burned to the ground and nobody showed up.
unidentified
Philip, do we still have you?
steve bannon
Yeah, okay.
Tell you what, let's try to come back.
I'll continue on.
Let's try to reboot Philip.
It's going to be quite tough.
He's still in a very active area.
I mean, this is why Chris Hoare's satellite phone was so powerful.
On Birch Gold, one of the reasons I want to have Philip on here about the entire timing of this, you heard yesterday from Jim Rickards.
I've been talking about it.
The world's essentially got roughly, and I'm rounding up here, $300 trillion of debt at every level.
Okay, at every level.
You heard Rickard say yesterday about the liquidity problems, right?
We have liquidity issues.
It's one of the reasons people are thinking about, yeah, let's just do it by phone if that's easier.
We've had this liquidity issues.
I keep saying the entire world's overleveraged.
That we've taken government borrowing, but also with less constraints.
You've had corporate borrowing.
You've had individual borrowing.
You've got credit card debt.
You have mortgage debt.
Everything's been a little loosey-goosey.
As rates start to go, you're essentially going to have the world's biggest margin call.
Now, Jim Ricketts called it a liquidity crisis.
I'm calling it essentially the same thing, but using a trading term, a margin call.
What does that mean?
That means when you have leverage and rates start going up, you've got to pay more interest or they just roll that interest to what they call PIC or payment in kind.
You just add to the face amount.
Either way, the lenders come back and say, hey, look, you got to put a little something more in the deal.
I need something underneath this.
You need more, basically more equity.
And that means cash money.
And people don't have it.
And so that's a margin call.
The call says, hey, if you don't put some more cash into this deal, we can hold your position.
But if you don't, we're going to blow you out of the position.
We're just going to sell the debt at wherever we sell it at.
That is what's going on now.
This is why...
There's a method to our madness here with the Birch Gold guys, and we worked on this for a number of years.
You can tell me when we got him on the phone.
I'll pick him back up.
We've worked on this with Philip Patrick over a number of years.
This is one of the reasons we partnered with him.
I said, hey, look, let's do something different.
Let's, instead of talking about the instrumentality or the actual products, you guys, let's get people smart on the underpinnings of why gold is actually a hedge.
And what I'm proudest about with Philip, I think we started working on this three years ago.
And if you read The End of the Dollar Empire, it's pretty scary how accurate we've been.
And one of the reasons Philip and his team at Birch Gold are, I think, the most seasoned professionals I've ever met when it comes to precious metals.
And our team, you know, whether it's Scott Bessent, who's going to be the new Secretary of Treasury, or Peter Navarro is going to be special counsel to the president.
For trade and manufacturing, or people like, you know, Jason Trenard, or Dave Brat, you know, Cortez in the old days, E.J. Antonio, and a couple of those guys may see positions also in the government.
We've done a pretty good job of the macro with Philip, and that's what we're talking now, but you've got to understand this idea.
In the end of the dollar empire of modern monetary theory, because this was the idea that kind of drove all this.
So go right now to birchgold.com slash bandit.
You get all the series free.
We put the information out for free.
And you can get that.
You can also talk to Philip and his team, which I strongly recommend you do.
You can talk to them about what I call the instrumentality of how you get into precious metals.
A couple of easy ways are your IRA or 401ks.
They've got all kind of tax-deferred or tax-free ways to do that.
So we're going to give you the macro information for free.
They'll give you all the other information for free, but you build a relationship with them, and you'll know more.
And look, gold's been on a tear for the last couple of years, but you should think of it as a hedge against times of trouble.
Philip, I'm talking about, thank you for joining us for phone, and Philip is in the Hollywood Hills area, so they're still under kind of assault, and they won't really be up on telecommunications for...
But join us by phone.
Philip, you know, Rickers was on the other day.
We talked about this global liquidity.
As we're seeing the 10-year Treasury get to five, we're seeing the guilt is literally blowing up.
It's pretending a liquidity problem, maybe even a liquidity crisis, that I'd say may end up being the world's greatest margin call.
Walk me through the thinking over at Birch Gold.
phillip patrick
Look, the problems are not going away at all.
Janet Yellen gave an interview recently on her way out saying it's very important that we are taking government deficits seriously, which quite frankly was a slap in the face after she'd added $8 trillion to the national debt.
The premise is there, right?
We are in a very, very tough position.
We have a world running away from the US dollar.
We have huge deficits, about $2 trillion annually.
And the problem is...
In situations like this, with debt growth on the back of higher financing costs, it just starts to compound the problem.
We've got a Federal Reserve now that are saying higher for longer.
Obviously, employment numbers coming out yesterday were positive, which doesn't bode well for Trump's supply-side growth environment.
I'm getting more and more concerned, right?
When debt costs start to go up like this, governments have to issue more debt to pay for it, currencies weaken, and ultimately I'm getting more and more concerned of the sort of challenge in front of Trump and Besson when it comes to balancing the books.
I think to do so without touching social security or defense spending, which they've already said they won't, is going to be very tough.
So ultimately it leaves us in a position with higher interest rates across the board.
Higher rates means reduced economic activity, and it's just going to make the job very, very difficult.
Now, I've said before, and I'll say it again, we haven't got a better team to push, but it's a very tough situation that we've inherited.
And I think people need to start looking at ways, as you've mentioned before, to diversify out, right?
Just make sure we have a measure of a hedge in place.
Precious metals have provided that hedge, as you say many times, for thousands of years.
But I think in climates like this specifically, they're very conducive for the problems we have.
And this isn't a case of people dumping all of the dollars they have, but having a measure of insurance.
And there isn't a better one than precious metals for the problems that we have.
steve bannon
You know, one of the things that concerns me, you know, Scott was a regular on the show, and now he's Secretary of the Treasury.
Or he'll be, you know, his hearing will be next week.
He'll be confirmed pretty quickly.
It's already, incredibly if I'm wrong, it's $7 trillion we already know has to be refinanced.
This is not...
I'm pretty sure it's not the new issues that have to happen with the new deficit.
And we're still going at a trillion dollars every hundred days.
I mean, God bless Doge and God bless Russ Vot at OMB and this appropriations process.
But it's kind of baked in when you have a $900 billion NDA for national defense authorization for the military budget.
I'm sure cuts are going to come.
I'm not so sure they're going to be the scale or the...
Or as quickly as people are hoping, with $7 trillion that has to be refinanced in this coming calendar year by Besson and Treasury, what does that mean for precious metals?
phillip patrick
Look, I think, you know, they say every cloud has a silver lining, and I think it does obviously bode well for precious metals because it doesn't bode well.
For the economy or for the dollar longer term.
unidentified
But it's just a colossal problem.
phillip patrick
We have a liquidity crisis.
is the sheer quantity of short-term debt Janet Yellen issued towards the end of her tenure presents a big problem for Besson, and he has to roll over a huge amount of short-term debt essentially on day one, and it's going to get expensive and it's going to compound the problem.
And I tend to agree with you.
Look, I'm excited by Doge.
I think it's something we need.
Cutting $2 trillion, though, is going to be an impossibility.
I just don't see how they do it, particularly if they have to leave defense spending and Social Security alone, which they're pledging to do so.
I think we're going to continue to run deficits.
The hope is that Doge can offset at least the tax cuts and not increase the deficit.
But then we really need to focus on growing the economy and doing it in a very, very quick manner.
But the problem is one of the challenges that the new administration is facing, at least from a market perspective, is essentially that a lot of the good work that they could do has already been priced in before they've shown up, right?
Right after the election, we saw the dollar...
steve bannon
Philip, hang on one second.
We're going to take a short commercial break.
We're going to be back in just a moment.
We've got Philip Patrick on the phone.
Can't get him up on Skype, and the reason is he's still a damaged part of L.A. Philip, I want you to continue.
Give me a minute or two on that because it's quite important when we talk about this global liquidity crisis that's leading to a margin call.
It's going to be very disruptive to the economy.
President Trump is taking on a situation in the economy that's worse than the deportation of the $15 million and worse than trying to stop the connect part of the Third World War.
And those are both tasks that would take up many administrations all the time.
This is the most important and the toughest.
Philip Patrick.
phillip patrick
Yeah, I agree vehemently.
I mean, I've said before, President Trump has to be a patriot because this is the toughest job arguably in history given to a president, certainly from an economic standpoint, from a geopolitical standpoint.
I don't think there is, like I said, a better man to take it on.
But the level of the challenge in front is quite frankly unfathomable.
Like I said prior to the break, I think from a market standpoint, there are challenges.
A lot of the growth has been priced in already, which means curbing spending is going to be, I think, the only way to get out of it, and that's going to be a tough job to do.
Excited for the year because I think continuing how we have been for the last four years was an impossibility.
With creative destruction, which is what's going to be required to get us out of this mess, there's going to be a level of excitement.
But the job in front of President Trump and the team is very, very tough, to say the least.
steve bannon
Phillip, we've done this partnership over the last couple of years and done the end of the dollar empire and put all this free information.
But I want people specifically, they can get the free information.
People know where they go.
They're doing a great job of studying and learning up on it.
I want to make sure people know how they actually get a relationship and get to know you and your team there so they can start to think through, hey, maybe precious metals is right for me.
What instrument do I do it in?
How do I get involved?
Where do I do it?
They've got a main and one questions.
How do they engage with your team?
phillip patrick
I mean, look, the first thing to do is reach out and get the information.
Two ways to do that.
One is birchgold.com forward slash Bannon, birchgold.com forward slash Bannon.
For those who prefer text, very simple, text Bannon to 989898, Bannon.
That will get them access to the End of the Dollar Empire series.
The most recent volume, Volume 6, is now out on modern monetary theory.
I don't think there is a topic more current than that today.
I think everybody should read all volumes, and certainly the new one, Volume 6. From there, they have access to a free information guide on how and why to invest in precious metals, as well as an add-on on...
Why to invest in precious metals under a Trump administration specifically.
From there, they'll have access to myself and a lot of people like myself that are there to guide through, answer any questions, and sort of make people comfortable.
So get the information, start there, get reading, and we'll be here to support from then.
steve bannon
So I can tell you, you know, starting next week, we're going to be doing all these specials every day about confirmations, about the executive orders, getting ready for the jumping off point, really a week from Monday, which will be the 20th of January in the year of our Lord, 2025, where President Trump takes the oath and we get on with it.
The one thing I can tell you, if you look at the three big lines of work, it's nothing but turbulence.
President Trump is the steady hand that's going to get us through this.
Fasten your seatbelts, because it's going to get quite bumpy, and that's why you need to talk to the guys at Birch Gold now.
You need to talk to the men and women over there.
Start to build your relationships.
Right now, the simple way to do it is text Bannon at 989898. Or go to the site, birchgold.com forward slash band, and you get the end of the dollar empire.
They have free brochures, all of it free, on 401ks, IRAs, tax-deferred instruments, the different ways you can get involved.
But do it today and talk to the guys at Birch Gold.
Get a personal relationship.
Make sure you understand this and learn why gold has been a hedge for 5,000 years of man's recorded history.
Phillip, people want to know already in the chat, are you going to be okay?
You and the family, and I know you recently married.
I guess you're showing your bride the tougher side of living in L.A., right?
Oh, by the way, we got hurricanes, floods, and we got fire, too.
So we really appreciate you doing this.
What's your social media so people can go follow you?
phillip patrick
Yeah, at Philip Patrick on Getter.
We are safe.
We're very fortunate.
Thank people for reaching out on my behalf.
We're one of the fortunate ones.
There are a lot of people that haven't been, so my heart goes out to them.
But thank you for having me on as always, Steve.
steve bannon
Thank you, Philip.
Appreciate you.
unidentified
Okay.
steve bannon
Philip Patrick and the team at Birch Gold.
You know, and everything we're trying to do now is to try to build your intellectual infrastructure so that when you go into these fights and kind of go into combat and, you know, we're calling here and you're doing this, you're putting pressure on this, that you always kind of keep in back your mind, hey, what's the idea that's driving this?
That's one of the things I'm proudest about the show is that when I first started doing this, even at Breitbart Radio, a little bit, but much more in the war room.
I started doing a lot of capital markets and finance and economics.
You know, so many people in the business said, Ben, what are you doing?
This is a snooze fest.
People don't understand any of this thing.
I said, I don't know.
Let's give it some time.
And the audience, you guys have loved it.
Why?
It shows you how the way the world works.
At the end of the day, you know, we're in a spiritual war.
And I know our army, the Awakened, understands that.
But that war manifests itself in the material world when you're dealing with the imperial capital.
You've got to come with the right elements.
But man, it's all about money and power.
Okay?
Birchgold.com.
Really proud to have those guys.
And listen, whether you can do it today, whether you have money to invest today, right, or set aside, find out about gold.
Find out why it's been a hedge.
Very important.
That's why the team at Birchgold is so good.
Birchgold.com.
The right stuff takes us out on a Saturday.
Next week, you're going to be crazy.
I'm going to be up on social media the entire weekend.
We're kicking off with massive shows all next week.
You want the inside scoop?
You want to know where this thing's really heading?
In fact, you want to know where it's heading two, three weeks, months in advance?
That's the war room.
You all brought this victory.
It was on your shoulders and rested.
President Trump needed you to have his back and you did.
You know why?
Donald John Trump and the war room posse and the MAGA movement, they got the right stuff.
We'll see you.
We're going to leave you here now.
We'll see you back here at 10 a.m.
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