Feb. 15, 2025 - Bannon's War Room
48:48
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
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Because we're going medieval on these people. | |
| The reason 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've tried to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
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MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
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War Room. | |
| Here's your host, Stephen K. Bannon. | ||
| Saturday, 15 February, year of our Lord, 2025. So Newsweek just came up with a... | ||
| A piece, and if Denver can get it, it just printed, and I put it up on Getter. | ||
| By the way, make sure, if you want to see my stream of conscious thoughts on different topics, make sure you get Getter. | ||
| It's totally free. | ||
| I use it because, well, besides the fact we're banned everywhere. | ||
| It's very easy for me to use because I'm a technological, not on the cutting edge, let's say. | ||
| It's super simple. | ||
| And I think if you talk to people on Getter, they'll tell you it's easy to use and it's a great little community there. | ||
| So make sure you go download it today. | ||
| That's Getter, the app. | ||
| Or you can go online and do it also. | ||
| But the app works for me on the different devices. | ||
| I just put up the Newsweek piece. | ||
| From last night, the 5 o'clock show, I think it was, Andy Biggs came on. | ||
| Oh, you know what? | ||
| It might have been the morning show. | ||
| Because I don't think Andy can come back on in the afternoon. | ||
| It was a morning show. | ||
| And we talked about the CR. Because a lot of noise going on. | ||
| What's happening? | ||
| You've got this reconciliation process. | ||
| And that's where they're spending all the time. | ||
| And that's kind of 26. That's really October 1st forward. | ||
| And this is where it's going to be one or two. | ||
| One big beautiful or two. | ||
| And, you know, it's got to get the border thing in there. | ||
| And the deportation. | ||
| That's $175 billion addition to everything we spend. | ||
| You don't think people ought to be held accountable for that? | ||
| You don't think people ought to go to jail for that? | ||
| What they did to the country takes you $175 billion to sort it out? | ||
| Another $100 billion even there to the Pentagon. | ||
| And the Pentagon thing, and look, I'm a hawk. | ||
| I'm not a dove by a long shot, but this thing's out of control. | ||
| It just is. | ||
| It's not coordinated. | ||
| It's not thought through. | ||
| Tej is going to join me in a second. | ||
| Hell, Tej gave the better part of his life either in the service of his country. | ||
| As a SEAL or in the service of the country as a contractor, because that's what they did. | ||
| They basically have to get the retirements and the medical off the balance sheet. | ||
| They went to these contractors, guys doing the exact same thing. | ||
| And these wars in the Middle East, $9 trillion, $7 trillion for Iraq and $2 trillion for Afghanistan. | ||
| That was the sum total. | ||
| What would the country be if you had that 9 trillion and put it back into the country? | ||
| That's what's happening now. | ||
| You have to look at everything as an opportunity cost. | ||
| This is one of the ways you look at USAID. You know, is the opportunity cost, because it's not unlimited anymore. | ||
| They've dealt with this like we have unlimited amount of money. | ||
| We don't. | ||
| We're creating massive amounts of fiat currency all the time just to paper this over. | ||
| It's the reason gold. | ||
| Philip Patrick's going to be here at the bottom of the hour. | ||
| We're going to walk through it. | ||
| I've asked him to call today and talk about this exact topic. | ||
| What are the forces? | ||
| I don't need to know the price of gold. | ||
| It's near an all-time high. | ||
| I want to find out the process. | ||
| This is what we're here to do with this show. | ||
| Not to give you a fish. | ||
| To teach you how to fish. | ||
| To teach you how to think for yourself. | ||
| And all this noise and everything's coming at you every day. | ||
| Ba-ba-ba-ba-boom. | ||
| Right? | ||
| How do you think it through? | ||
| What are a couple of things that you've got to say, okay, I've got a framework, I've got a mental map, I can understand it, so new information comes and I can sort it out, I can think it through. | ||
| That's how you use your agency. | ||
| Ideas do have consequences, massive consequences. | ||
| The things that started just an idea and all of a sudden rolls through the system, like the American Revolution, like the French Revolution. | ||
| They started as kind of concepts and ideas. | ||
| Hey, you know what they led to? | ||
| Valley Forge and the guillotine right there in the middle of Paris. | ||
| Ideas have consequences. | ||
| Because in understanding the ideas, you can then begin to use your agency. | ||
| You notice that MSNBC, they're all talking about agency now. | ||
| That's a new thing. | ||
| That's their whole new deal. | ||
| Having treated their people like cogs in the machine, Now, because the credential class, then you get the drop down to the plebeians because they don't care about the working class, they don't care about the middle class. | ||
| Now it's all about agency. | ||
| They're talking about agency. | ||
| Good luck with that. | ||
| Check back to me in a decade about how that's working out for you. | ||
| Because you don't care. | ||
| It's all performative. | ||
| But that's the purpose of this platform, is for your agency. | ||
| And you see it everywhere. | ||
| Look at the precinct strategy. | ||
| One of the things we're going to start doing... | ||
| At CPAC, I want to have a conversation on the day we're there for the force multiplier, particularly. | ||
| It's about the precinct strategy, where we are, because the people in the precinct strategy, now that you're engaged in it, you understand how the established order in these states are not prepared to just welcome you. | ||
| You are actually the cavalry arriving to the besieged homesteaders. | ||
| And in this case, the homesteaders are not embracing you. | ||
| They're fighting you everywhere. | ||
| Georgia, South Carolina, North Carolina, Texas, Arizona, all over, every state. | ||
| But particularly there's these states that are key states, central states, and the fight there is fierce. | ||
| Because they're not interested in your agency. | ||
| They just want you to sit down, shut up, and do what you're told. | ||
| We're beyond that now. | ||
| That's what populism is. | ||
| You actually can kind of feel your power. | ||
| You want to feel your power? | ||
| Remember on the afternoon of 20 January 2021 when Trump got back to Mar-a-Lago when he left Andrews Air Force Base? | ||
| You remember that? | ||
| You remember that? | ||
| That looked a little grim, right? | ||
| We played, what, Frank Sinatra's My Way. | ||
| Remember that? | ||
| People weren't feeling so great. | ||
| Joe Biden just had his deal, and they were all the CNN guy saying, look at the reflecting pool. | ||
| It's arms. | ||
| It's arms of Joe Biden's arms hugging America. | ||
| Remember that clown who's still there, by the way, making ridiculous projections for CNN? Remember all that? | ||
| The odds look long then. | ||
| They look damn long. | ||
| But hey, just, okay, dust ourselves off. | ||
| Let's get a rally point. | ||
| Just like any army that kind of takes one, let's get a rally point, let's regroup, let's calm down, let's understand what's going on here, and we're going to win this, fix bayonets, and let's get the hell down that hill and start fighting again. | ||
| So now we're in the middle of it right now. | ||
| You've got to be able to sift through, boom, what are the driving forces? | ||
| Where's the power in this? | ||
| One of the powers of this is that the Doge element has been tremendous. | ||
| It's been great as a blunt force instrument. | ||
| Delivering blunt force trauma against the administrative and deep state. | ||
| You see it every day. | ||
| Then how do you weave it into something that's real? | ||
| When I say real, I mean cuts. | ||
| I mean, you know, programmatically taking things down. | ||
| And cutting costs. | ||
| Cutting costs. | ||
| And looking for efficiencies and effectiveness. | ||
| Which are two different things. | ||
| Tej, you've been in the wars of the Middle East your entire adult life. | ||
| You kind of, no offense, dedicate your life to save your country or serve your country in doing that. | ||
| And you see this big pivot. | ||
| The apparatus doesn't want to pivot. | ||
| They don't. | ||
| When Afghanistan and Iraq was taken from them, hell, it shouldn't be lost to you folks in the same neighborhood up there in the Ukraine. | ||
| It ain't that far away. | ||
| They're obsessed. | ||
| They're obsessed. | ||
| They're obsessed with these forever wars. | ||
| Obsessed. | ||
| If you come in and want to shake it down and say, hey, look, I think the way you think it through, oh, you're a peacenik, you're a dove, you're going to jeopardize America. | ||
| No, we're not. | ||
| No, we're not. | ||
| We're into smartly protecting America because I tell you what, we go down your path and keep spending a trillion dollars and have people everywhere and you can't recruit guys now because the parents are not so sure it's worth it. | ||
| And it's all woke. | ||
| Then you're going to get in a bind, and you got this debt, and now you got a national security problem with the amount of money we owe and who we owe it to and how much it's costing us, because it ain't free. | ||
| Tej Gill, and tell me, and what I need more than ever is a hot, great cup of black coffee today. | ||
| That's funny. | ||
| My Presidential Transition Project. | ||
| Just to blow your heads up. | ||
| All the liberals, all the progress watch is Project 2025. Hey, we worked on the project. | ||
| All I got was a crummy mug. | ||
| It's great. | ||
| You're seeing the Project 2025 and all of it, you know, the American Brooks Rollins and Stephen Miller and the CRA guys, particularly our boy Russ Vogt, they're hammering away at this thing nonstop. | ||
| So tell me about it. | ||
| Tell me about the champagne of coffee, brother. | ||
| On a Saturday morning, I need a big mug of hot Warpath coffee. | ||
| Yeah, champagne of coffee. | ||
| Warpath coffee. | ||
| The website is warpath.coffee. | ||
| Like you said, I was fighting in these wars, but basically my whole adult life in Iraq, Afghanistan, Africa, and in the SEAL teams, we always had top-of-the-line gear, top-of-the-line guys. | ||
| Carried that over to my businesses. | ||
| So the coffee, I wanted a really, really good cup of coffee. | ||
| And actually, the first time I had a really good cup of coffee was in Ramadan in Kuwait. | ||
| And it was incredible. | ||
| And I never had a cup of coffee like that until that day. | ||
| That was the first time I actually drank a really good coffee. | ||
| So I decided to try to find an amazing coffee that you can drink black. | ||
| You don't have to. | ||
| You know, dump a bunch of milk and sugar and crap in there to hide the burnt taste. | ||
| So we figured out how to roast the coffee and caramelize the beans and not burn them. | ||
| And we have an amazing coffee now. | ||
| And you can see on our website, we're approaching 7,000 five-star reviews. | ||
| And people love it. | ||
| Like, we can't roast it fast enough. | ||
| We just keep increasing our roast sizes, and it just keeps flying off the shelf. | ||
| It's nuts. | ||
| For the War Room Posse, the promo code is WARROOM, and you get 20% off. | ||
| So promo code WARROOM, 20% off. | ||
| The website is warpath.coffee, and you can drink it black. | ||
| The Mariners blend, of course, we made for you, Steve. | ||
| It's our dark roast. | ||
| It's the most popular. | ||
| Everybody loves dark roast. | ||
| We've got an espresso. | ||
| It's an Italian frogman espresso. | ||
| I made that one. | ||
| It's a smooth espresso. | ||
| It's not acidic. | ||
| It's not sour. | ||
| It's a really good espresso. | ||
| Then we got the breakfast blend. | ||
| The breakfast blend is really smooth. | ||
| It's almost like a donut shop coffee. | ||
| You can just chug it down. | ||
| It's really good. | ||
| Of course, we have the flavored coffees, the K-Cups, and then the mugs. | ||
| We actually have a victory mug for Donald Trump. | ||
| It's a stainless steel tumbler made in USA. We just put those on the site yesterday morning. | ||
| Those are going to be a one-time run. | ||
| I just sent a case of them to you, Steve. | ||
| It's a Trump 47 victory mug. | ||
| Awesome. | ||
| Listen, I want to go back to something that's important. | ||
| You've got 7,000 five-star reviews. | ||
| Folks, the test here is drink it black. | ||
| I know people put cream of sugar, but you put cream of sugar because it's the acidic kickback. | ||
| Here, this is what... | ||
| Tej, look, we've had every coffee guy in the world. | ||
| There's some really strong, good coffee folks out there. | ||
| Don't get me wrong. | ||
| But we were looking for something since we are so, we have such a coffee addiction, let's be honest, right? | ||
| That we had to, you know, we wanted to wait for the perfect one. | ||
| And Tej, I've known for years, and he's so obsessed by this. | ||
| And then when I taste it, I go, wow. | ||
| And then we work for another 18 months or almost two years on the dark roast. | ||
| And it's just rolling. | ||
| But you got 7,000 five-star reviews. | ||
| Where do they go today to check it out, Tej? | ||
| Go to warpath.coffee, promo code WARROOM. That's for the War Room Posse. | ||
| It's 20% off. | ||
| And then free shipping on orders over $75. | ||
| The website is warpath.coffee, and it is amazing coffee. | ||
| If you haven't tried it, try it. | ||
| People just keep buying it. | ||
| We have a 70% customer return rate. | ||
| I told an advertising agency guy that the other day, and he did not believe me. | ||
| No, no, it's incredible. | ||
| Wow, that's crazy. | ||
| Yeah, people love it. | ||
| No, people love it. | ||
| I know that because I get feedback all the time, and I love it. | ||
| And I'm a hard nut on this. | ||
| Tej, thanks one more time. | ||
| Where do they go? | ||
| Warpath.coffee, promo code WARROOM. Warpath.coffee, promo code WARROOM, 20% off, and then free shipping for orders over $70. | ||
| Thank you, brother. | ||
| Tej went from Navy SEAL to contractor. | ||
| Why? | ||
| They were trying to cut the cost of retirements and they were trying to cut the cost of healthcare. | ||
| Why? | ||
| Because they could see that these wars in the Middle East were blowing up out of control financially. | ||
| The ticking time bomb on our national security right now is the debt and the interest on the debt. | ||
| It's going to crowd out everything. | ||
| It's going to make the decisions we have to make in healthcare and in retirement. | ||
| And for folks coming up. | ||
| Because right now, why are people on Medicaid? | ||
| It's economic distress. | ||
| They don't want to be on Medicaid. | ||
| It's economic distress. | ||
| You've got 18 million men. | ||
| Not in the workforce. | ||
| Able-bodied men. | ||
| 18 million men in this nation. | ||
| Not in the workforce. | ||
| And we haven't created a net job in five years for American citizens. | ||
| Native-born American citizens. | ||
| This is a crisis beyond comprehension. | ||
| It can be fixed. | ||
| And it will be fixed. | ||
|
unidentified
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War Room. | |
| Here's your host, Stephen K. Mann. | ||
| Okay, to go back to the matrix of the days of thunder, remember, let's go back to the big things that have to happen. | ||
| Stopping the kinetic part of the Third World War, number one. | ||
| Number two, the mass deport. | ||
| Securing the border of the mass deportations. | ||
| To commence in the middle is the financial crisis, getting the federal budget cut. | ||
| Tax cut in there. | ||
| Appropriate tax cut, I might add, which is the tax cuts for the middle class and the working class. | ||
| And, wait for it, no tax on tips, no tax on overtime, and no tax on Social Security. | ||
| Anything else has to be justified, and it is justified, but anything over and above that has to be put a sharp pencil on it. | ||
| Not seeing it right now. | ||
| Not seeing the corporate tax cut and not seeing the... | ||
| Tax cut for the wealthy, just not feeling it. | ||
| Doesn't speak to me. | ||
| How's that? | ||
| Doesn't speak to me. | ||
| And you've got two processes, and we'll make it all, by the time we're ready to go fix bad nets, you'll see the whole picture, but it's just forming right now. | ||
| I would say a concept to make sure you understand, and this is going to get constitutional quickly, because it's going to the Supreme Court of these United States. | ||
| Impoundment. | ||
| Impoundment. | ||
| And after March 14th, it's going to heat up big league. | ||
| And Doge are going to be both cutting, and I think the way you jam the Doge cuts, at least they've got the waste, farm, abuse, into this process, is that in the, you know, April, May, June, July, boom, boom, boom times of this fiscal year, at the same time... | ||
| In the building of the budget for the next year, you have the appropriations hearings. | ||
| Those are going to take place in June and July in the summer, and those will be in there programmatically. | ||
| It should be. | ||
| This is the way it should work. | ||
| If you want to make it legal, which we do, because we want these things gone and not to pay for them again. | ||
| This is not performance art. | ||
| At the same time, unwind yourself from Ukraine. | ||
| Unwind us. | ||
| You know, get this thing sorted in the Middle East. | ||
| And, you know, that is, you know, this Gaza thing. | ||
| Look, what the IDF has done to Hezbollah is nothing short of earth-shaking. | ||
| They defeated the Persian militias that have been the bane of everybody up in the north. | ||
| And that's got to get sorted without dragging us into a further conflict there. | ||
| Which anybody's talking about Persia and going into Persia is just dragging us into a future conflict. | ||
| It doesn't need to happen. | ||
| It doesn't need to happen. | ||
| And just where the American people are, it's not going to happen. | ||
| So people have to face reality on that. | ||
| As President Trump, we orient to this hemispheric defense. | ||
| Monroe Doctrine 2.0. | ||
| You do that and you start taking the financial crisis, which a lot is driven by being all over hell's half acre. | ||
| Then, hey, guess what? | ||
| In a year or two, you can see he's starting to stabilize. | ||
| Underneath that, the foundational element to drive that is this full-spectrum energy dominance, but stopping the insanity, the insanity of net carbon zero. | ||
| The same thing that's de-industrialized Germany and left them in the lurch right now. | ||
| You got Stoltz over there today, even as we speak, calling at the Munich thing, I think calling a national emergency of Germany to get more money. | ||
| To go to Ukraine. | ||
| Remember they always told us, hey, we can't get to 2% because we have a constitutional amendment that says we have to have a balanced budget. | ||
| But said we'd like to have that too, but unfortunately we're, you know, defending you. | ||
| So much to do, and you're going to be the tip of the spear as we sort this out. | ||
| But days of thunder, you know, President Trump will be hitting him with 10 or 12. On Monday, and another 10 or 12 on Tuesday, and another 10 or 12 on Wednesday, and it's going to keep going. | ||
| The Howardsters are out. | ||
| We've broken Carvel. | ||
| We have that Carvel clip. | ||
| Let's get that in a second. | ||
| I want to bring in... | ||
| And Trevor has not been on since I've been around. | ||
| He was on when I was in prison. | ||
| Trevor Comstock, Sacred Human Health. | ||
| We're a huge proponent of this. | ||
| We've got to be healthy. | ||
| We have to have longevity. | ||
| Hell, our leader is 78 years old. | ||
| He's working 18, 20 hours a day. | ||
| Trevor, what do you got for us? | ||
| What is Sacred Human Health? | ||
| I love the grass-fed beef liver. | ||
| That's my baby. | ||
| But what else you got, sir? | ||
| Yeah. | ||
| Yeah, I appreciate you having me on, Steve. | ||
| And I know I haven't been on in a while, so I just kind of wanted to touch on our mission a little bit for anyone who doesn't know. | ||
| But really, since our inception about a year ago, we launched our product line really just in the hopes of providing people natural supplements at an affordable price. | ||
| And our main goal was always to help people kind of stray away from those big corporate brands that really just care more about profit than actual quality. | ||
| So at least with Sacred Human, we kind of saw from the get-go what a lot of these larger companies were doing and what types of ingredients they were putting into their products. | ||
| So in turn, we essentially went in the opposite direction to kind of find a better way to make healthy supplements. | ||
| So unfortunately, what we do see is that A lot of these larger companies will advertise healthy products, and of course, not all of them are bad. | ||
| But many, if not most, will then go ahead and include things like preservatives, artificial additives, food dyes, binders, and just overall ingredients that may do things like cut cots and extend the shelf life, but they're not really doing your health much of it. | ||
| Or any favors for that matter. | ||
| So again, at Sacred Human, we just wanted to provide you an array of health supplements that don't contain all the artificial nonsense and make sure that all production takes place right here in the USA. So as you mentioned, the beef liver is definitely our flagship product. | ||
| I can't recommend it enough. | ||
| I personally take it every day religiously. | ||
| You get all your nutrients such as iron, zinc, vitamin A, B12, CoQ10, folate, etc. | ||
| But on top of that, it also contains a lot of other critical vitamins and nutrients that most people are deficient in. | ||
| So things like choline, K2, selenium, as well as copper. | ||
| Now, on top of that, we have some new products that are on the way, so keep a lookout for those. | ||
| But currently on our website, we also have an all-natural sleep supplement, a multi-collagen, which is great for skin and hair, magnesium and vitamin D, which I also recommend because most people are deficient in magnesium as well as vitamin D, especially during the colder months. | ||
| Then we have an immunity product, and like I said, some other new products on the way that I can't talk about quite yet. | ||
| Trevor, you're going to launch it. | ||
| But how do people, our audience is information intensive. | ||
| They go to the site. | ||
| Do you have the information up there? | ||
| I want to make sure they can drill down on this. | ||
| Because once you get a War Room customer, they stay forever, right? | ||
| But they want to make sure that they understand this. | ||
| So where do they go to get all this information? | ||
| And are you available to answer questions online? | ||
| Or do you have forums? | ||
| Or do you play 20 questions? | ||
| How do they get access to you? | ||
| Yeah, great question. | ||
| So first of all, you can go to sacredhumanhealth.com. | ||
| That'll take you straight to our website, or you can just plug in Sacred Human to Google. | ||
| It'll be the first thing that pops up. | ||
| There's a ton of information on the site. | ||
| You can sift through it under each product. | ||
| We kind of give you a rundown of what's in the product, the different benefits that are included. | ||
| And then, of course, you can go ahead and look at our reviews. | ||
| And to your point, too, Steve, our customer attention is great. | ||
| We got our start with the War Room, so I can't thank you enough. | ||
| But we have so many subscribers now. | ||
| I can't say the exact number, over a thousand. | ||
| And they just keep ticking up. | ||
| So it's pretty exciting to see. | ||
| Well, go check it out today. | ||
| One more time. | ||
| Where do they go? | ||
| Because I want people to familiarize themselves with the site and the products and you guys and your management team. | ||
| Where do people go? | ||
| Yeah, of course. | ||
| You can go to sacredhumanhealth.com. | ||
| Also, you can use code WAROOM for 10% off any one-time purchase. | ||
| If you subscribe, you're locked into that 10% discount. | ||
| If you have any questions, just feel free to go to the support tab. | ||
| You can send us an email. | ||
| We'll respond back to you within 24 hours and make sure we get all your questions answered. | ||
| Yeah, Trevor's on this. | ||
| Thank you, brother. | ||
| Trevor Comstock, CEO, founding CEO of Sacred Human Health. | ||
| Thank you, Steve. | ||
| We love these Patriot companies. | ||
| Thank you, brother. | ||
| I want to play the Carville thing. | ||
| We're breaking them, folks. | ||
| We're breaking them. | ||
| Let's play James Carville. | ||
|
unidentified
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Don't forget, Rod. | |
| Trump is a criminal. | ||
| Criminals like to be around other criminals. | ||
| And a mob boss. | ||
| Yeah. | ||
| Yeah. | ||
| So, and Bannon is right. | ||
| We are flooded in s***. | ||
| And we are searching for a way to deal with this. | ||
| These are extraordinarily difficult times. | ||
| And he just keeps... | ||
| He keeps moving with one stupid thing after another. | ||
| You know, maybe some of our... | ||
| Well, I'm struggling here a little bit, so maybe some of our really smart viewers can help us untangle that. | ||
| It's really tangled now because no one knows where to land. | ||
| It's all too incomprehensible. | ||
| We're getting overwhelmed. | ||
| And things that we thought that would kill a political career, that would be poisonous for whatever reason, this guy keeps chugging along. | ||
| Keeps chugging along. | ||
| Is that great? | ||
| I think we'll play that all weekend. | ||
| They're overwhelmed. | ||
| This has fled the zone. | ||
| Much more is coming. | ||
| And not just follow-ons to things that are happening. | ||
| And plus, remember, when these initiatives launch, there's tons of people in back working nonstop, like the Energy Dominant Council. | ||
| So you have people, you know, so many team members, boom, are on this. | ||
| And this is what's so amazing about it. | ||
| It just drives a momentum. | ||
| We're going to get, you know, we're going to get chop block. | ||
| You're going to get slowed down by the federal courts. | ||
| They're all over. | ||
| That's their big resistance. | ||
| In Congress, they're kind of overwhelmed. | ||
| Even Schumer, they don't even have a response right now on the CR. No response on reconciliation. | ||
| The media is shattered. | ||
| You look at them, they're in the mumble tank. | ||
| I mean, Rachel Maddow's trying to, they got her back every night. | ||
| She's trying to do it, that long monologue. | ||
| She's not sticking the landing, you can tell. | ||
| They know that. | ||
| Where the risk is going to be, and now you see them all over New York, shouldn't be lost on you. | ||
| Derek Adams saying, James went to federal court. | ||
| It's still Manhattan. | ||
| The engine room of all transactions is Manhattan, and that's going to be a big one. | ||
| Okay. | ||
| How do we think through this on this debt overspending, and what does it mean? | ||
| The convergence. | ||
| The convergence. | ||
| As manifested in the price of gold, the central banks of all the BRICS nations, the central banks of both our friends and our enemies are buying it at record rates. | ||
| Why is that happening? | ||
| What does it mean for the future? | ||
| What does it mean for the financial future of this country? | ||
| What does it mean for your personal future? | ||
| Philip Patrick, the best, joins me in the war room. | ||
| Next. | ||
|
unidentified
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Here's your host, Stephen K. Band. | |
| Here's your host, Stephen K. Band. | ||
| Welcome back. | ||
| Of course, as we've been going through last night and today about talking about the, just the reality of this, the inability of the political class to really cut the budget. | ||
| Now, I understand a lot of people have been doing work on the overall reconciliation of the budget, but look. | ||
| We're in a crisis and there's still a lot of fantasy. | ||
| A lot of this is, and I understand it's mandatory spending, so they're going to change mandatory, and it is a couple hundred billion dollars off. | ||
| It's going to go over 10 years. | ||
| But just think back in Doral, just two weeks ago, the Republicans by themselves came up with $30 billion a year cuts on a $6.5 trillion budget. | ||
| It's ridiculous. | ||
| It's embarrassing. | ||
| It's stupid. | ||
| We don't have time for stupidity. | ||
| We have time for action. | ||
| But in the interim, You know, you've got the BRICS nations are sitting there going, hey, if inflation is still there at 3%, and until we get our control of our spending and the refinancing of this, I just don't see how that's going to go down much lower. | ||
| So they're still going to sit there and argue that their purchasing power is being hurt. | ||
| And there's still going to be pressure. | ||
| These people throughout the world with the resources to come up with some alternative dollar. | ||
| Now, as the geopolitics get more and more, it gets scarier, people always want the flight to quality, and they know they can get a dollar, where if they get some basket of currencies, it could turn into Confederate dollars for them. | ||
| That's always one of the power of being the prime reserve currency. | ||
| But, you know, you have to, I think, understand the process. | ||
| Just the reality is you don't see the political will right now, even with Elon Musk running around. | ||
| And Elon Musk gave us the biggest shout-out ever in the Oval Office. | ||
| They said, hey, we're in a financial crisis. | ||
| We can't continue these $1.8 to $2 trillion annual deficits. | ||
| It has to be cut. | ||
| That's one of the reasons he's volunteered his time to take a crack at doing these audits, to cut the waste, fraud, and abuse in the administrative state. | ||
| But it's certainly just not going to be enough. | ||
| We're going to continue to print more. | ||
| And your theory of the case to me has always been the best. | ||
| You kind of go back to Mel Freeman and go, hey, look, you hear supply chains drop in aggregate demand. | ||
| That's got to be, you know, you have to have these Keynesian fixes. | ||
| But the bottom line is we still pump more fiat currency into the market. | ||
| So you're always going to have more dollars chasing fewer goods. | ||
| You're going to have inflation. | ||
| And the counterbalance of that is that's why gold's a store of value. | ||
| Can you walk through that again? | ||
| Because I think this pattern recognitions what helps people. | ||
| It's not so much what the price of gold is at any one time. | ||
| It's the process for what continues to make gold an alternative store of value, sir. | ||
| It's absolutely correct. | ||
| And that's why addressing deficit spending is the number one priority for the administration. | ||
| I agree with you, though. | ||
| It's going to be a very, very difficult job to achieve. | ||
| We're cutting a billion dollars here, a billion dollars there. | ||
| And it's a drop in the bucket. | ||
| Obviously, it's welcome. | ||
| Obviously, it's very important. | ||
| It's a priority. | ||
| But it's just not enough. | ||
| And as you say often, we're going to continue to run deficits. | ||
| We're going to continue to amass debt. | ||
| And we're dependent on the world continuing to finance that. | ||
| And the early signs are not good. | ||
| Factor in weaponization, factor in the bricks now, incentivize to start looking for alternatives. | ||
| And it's a very dangerous combination. | ||
| And it's largely why we're seeing gold prices just moving up and up and up in this climate. | ||
| We expect it to continue as the problem continues to build. | ||
| So walk through the process. | ||
| You've got the BRICS nations, you have the central banks. | ||
| And once again, and correct me if I'm wrong, have we just posted another month with another record for gold purchases by central banks? | ||
| Yeah, absolutely. | ||
| And last year was another record as well. | ||
| Demand is really driving gold's price across the board. | ||
| Central banks bought more than 1,000 tons of gold for the third consecutive year in a row. | ||
| So we've just seen the three biggest years of central bank gold buying in history, one right after the other. | ||
| The catalyst is everything we're talking about, right? | ||
| It's devaluation of currency, making it less attractive for nations around the world to hold it, and ultimately, weaponization. | ||
| Biden's weaponization of the dollar back in 2022 directly resulted in a five-fold increase in central bank gold buying, directly. | ||
| And I think we've discussed many times why, but weaponization confronted every nation around the world with the fact that currency is just a promise. | ||
| And of course, promises can be broken, but it isn't just central banks, right? | ||
| The world is waking up. | ||
| Investment demand hit a four-year high. | ||
| That includes both derivatives as well as physical gold coins and bars. | ||
| Technology demand grew as well with a boom in AI. The only sector where demand didn't grow was jewelry, which I think makes sense given global recession fears. | ||
| Given everything in front of us, we expect gold prices to continue to rise. | ||
| Goldman Sachs came out with a projection, which I think is conservative. | ||
| They predict gold at 3,200 by the end of this year. | ||
| But as you say, you know... | ||
|
unidentified
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In a way, price targets are irrelevant. | |
| They refer to nominal dollars. | ||
| Gold's price today of around $2,900 would have been $2,388 in January of 2021. Why? | ||
| Because in four years, our dollars have been devalued 21%. | ||
| Gold prices have risen almost exactly the same. | ||
| And it's for this reason that I think We'll see gold surpassing the previous inflation-adjusted highs that we saw back in 1980, which were the equivalent of around 3,240 today. | ||
| But the climate back then was different. | ||
| And I think that's what's going to drive gold today. | ||
| Back in the 80s, we were the world's greatest exporter. | ||
| We were the biggest manufacturer in the world. | ||
| We had less than a trillion dollars of debt. | ||
| And here's the big one. | ||
| In the 1980s, the U.S. dollar was king. | ||
| Today, that position is under threat. | ||
| And I think of all the reasons to buy gold, that's the big one. | ||
| Walk me through three years in a row, central banks. | ||
| What years were those, the central banks? | ||
| You're saying this was started by Biden, the weaponization. | ||
| But what were those three years? | ||
| 2022, 23. And 24. Last year, we got fourth quarter numbers in February. | ||
| It was a record for any single quarter. | ||
| So the velocity is increasing, and it's no surprise. | ||
| And you're not seeing any slowdown, even as we speak into 2025, correct? | ||
| No. | ||
| Gold prices are sitting. | ||
| Listen, we hit 40 record highs last year. | ||
| We've hit five record highs this year. | ||
| We're up 8%. | ||
| For this year alone, 42%. | ||
| Last year, gold is moving. | ||
| Like I said, it is a reflection of currency. | ||
| Demand is waning at a rapid pace right now. | ||
| That's why the Trump administration made this a priority. | ||
| But it highlights, by the way, not to rent, but the absurdity of the previous administration. | ||
| They didn't address this. | ||
| There was no talk of deficit or debt or BRICS, none of it. | ||
| The rhetoric coming out of this administration is very encouraging. | ||
| The question is, do they have the time they need? | ||
|
unidentified
|
That's the big question. | |
| When you talk about 8% this year and 42%, so in the last 12 months, year on year, gold's up 50%. | ||
| That's not supposed to happen. | ||
| Tell people why that's not supposed to happen. | ||
| Gold is not like a speculative... | ||
| Investment opportunity. | ||
| It's a store of value. | ||
| It's a hedge against financial uncertainty. | ||
| It has been for eons. | ||
| What happened to make it something that, hey, it's like a hot stock. | ||
| It's up 50% in a year? | ||
| It's money supply. | ||
| Listen, I was a banker prior to being in precious metals. | ||
| If you'd asked me in the early 2000s, shall I buy gold, I would have looked at you and said, are you crazy? | ||
| And all I would have had to do is look back at the 20th century, the 1900s, and say, look, gold doesn't grow relative to something like the S&P. This century... | ||
| It's an entirely different picture. | ||
| Gold has outperformed the markets more than 2 to 1. Now, the suggestion is not that gold now grows better than other things. | ||
| What's interesting is what changed at the turn of the century. | ||
| It's when we massively started increasing the money supply. | ||
| So surprise, surprise, there is a direct correlation between growth in the money supply. | ||
| Growth in gold. | ||
| Put it into the context of the last 4, 8, 12, 16 years, respectively, and I think it tells you where things are heading. | ||
| So President Trump comes in, and he's putting his team in place. | ||
| He's got a whole plan of how to do this. | ||
| But you look at the CBO, the Congressional Budget Office, and it's not that we sign off on every number they put out. | ||
| They actually have differences in what's called dynamic scoring and non-dynamic. | ||
| But directionally, You know, they're pretty good when you look at directionally. | ||
| They just put out a report Friday a week ago that showed 10-year projections, and they're required by law to do this on a regular basis. | ||
| The 10-year projections essentially show roughly, I think the average is 1.8% growth, so growth through the American economy is under 2%. | ||
| And it also shows us running still massive deficits in the neighborhood of $2 trillion a year. | ||
| Roughly. | ||
| And by the end of 10 years in 2035, we have $52 trillion in debt. | ||
| And I think we're paying over $2 trillion a year, $2.5 trillion a year in interest expense. | ||
| Now, assume for a second that those numbers are accurate. | ||
| Let's say they've really done a great job, and that's actually the forecast, and nothing that MAGA or the Trump administration or anybody can do is going to change that. | ||
| What does that mean in the process of what's driving the value of gold and the price of gold? | ||
| What would be the implications to gold if those numbers the CBOs put out are accurate? | ||
| I mean, the implications for gold are very good. | ||
| It doesn't bode well for our currency. | ||
| Look, that would put debt service payments at 50% of total tax revenue. | ||
| It is completely unsustainable. | ||
| And at that point, we end up in a position where we create more debt to service existing debt. | ||
| It creates a negative loop. | ||
| It drives the value of the dollar down. | ||
| And of course, we know what that does to gold prices. | ||
| Like I've always said, sky's the limit for gold prices. | ||
| As you know, Jim Rickards has been calling for gold at $10,000 an ounce for a while. | ||
| And I think his issue has simply been timing because it's a reflection, as he sees it, of currency. | ||
| And in his mind, when gold's at $10,000 an ounce, we pay $200 for a loaf of bread. | ||
| This is possible, and it's the trajectory that we're heading on. | ||
| Now, I tell Jim, if that forecast is correct, welcome to Thunderdome. | ||
| It's going to be like Mad Max, right? | ||
| Bread's going to be $200, right? | ||
| An egg's going to be $200. | ||
| What would have to happen? | ||
| The intervention we need in order to do something that you think, hey, the gold market and the currency market would say, okay, there are people in here now that are serious. | ||
| Well, what would you anticipate that would be? | ||
| I didn't understand the question, Steve. | ||
| Sorry. | ||
| No, no. | ||
| What intervention would you need to see if those are the 10-year numbers to get to $52 trillion? | ||
| What, and you know gold will explode if you go down the route. | ||
| What is the countervailing? | ||
| I tell you what, let's take a break because I'm going to play Billy Joe Schaefer, my favorite song, in this block to take us out. | ||
| Get Behind Me, Satan, one of my favorite songs. | ||
| I think it's great for a Saturday where we're talking about the financial burning to the ground of the burning platform of the United States of America. | ||
| And the reason is the political class has just not gotten serious about cutting federal spending. | ||
| Cutting federal spending is right now the root of all evil. | ||
| We needed an increase in federal spending when the pandemic hit, when people didn't really realize much about it. | ||
| You had the massive drop in aggregate demand when everybody got shut in. | ||
| And thank God we had the ability and the wherewithal of the balance sheet to do this. | ||
| We're not in the same place anymore. | ||
| That was trillions and trillions and trillions of dollars ago. | ||
| That money's all been created, and it's coming back to haunt us. | ||
| Short commercial break. | ||
| Billy Joe's going to take us out. | ||
| Philip Patrick's my guest. | ||
| We're going to be back in the warm in just a moment. | ||
|
unidentified
|
And I couldn't see myself The demons that were in me Had turned me wrong side how I knew inside my soul I was headed straight for hell But I couldn't for my life Figure how to help myself And I said, | |
| get deep behind me sitting For I commanded him to name Philip, we're up against the clock and I want people to have access to you. | ||
| So what's the easiest and best way? | ||
| And what happens when somebody comes over? | ||
| I know we've been getting people access to the product of investing in precious metals and gold during the Trump second term, Trump administration, or we call it the age of Trump. | ||
| You can go to Bannon, B-A-N-N-O-N at 989898 and get that document. | ||
| What happens when people get in touch with you, you and your team? | ||
| Yeah, so very simple. | ||
| So we're big, as you know, which is, I think, why we work together. | ||
| We're big on information. | ||
| So we have investment guides out on why to buy precious metals, guides on investing in precious metals under the Trump administration, which I think are really good, as well as, of course, the End of the Dollar Empire series written by yourself. | ||
| We are very proud to be a part of that. | ||
| I get such good feedback from our clients on that. | ||
| In terms of how educational, how understandable it is, so I challenge everybody. | ||
| Get the reports. | ||
| Read the reports. | ||
| It's very important. | ||
| From there, they'll have access to myself and many other precious metals specialists like myself at Birch that will be there to guide them through, answer any questions, and make sure it's comfortable. | ||
| So it starts with information, birchgold.com forward slash Bannon or Bannon to 989898. Get reading. | ||
| Get educated, as I know your audience are. | ||
| And I think the solutions will start to present them. | ||
| Yeah, what we want people to understand is how gold moves vis-a-vis other currencies and really macroeconomics. | ||
| I think the audience is tremendous. | ||
| Once you know that, then you can think through as you go through. | ||
| And Philip talks about the different things of 401ks, IRAs. | ||
| You at least have an overall picture of understanding what you're getting into. | ||
| Philip Patrick, social media, where do folks get you? | ||
| Yeah, it's at Philip Patrick on Getter. | ||
| Again, at Philip Patrick on Getter. | ||
| I try and get out as much good economic news as I can. | ||
| So, at Philip Patrick on Getter. | ||
| It's fantastic stuff. | ||
| Thank you, Philip. | ||
| Appreciate you. | ||
| Thank you. | ||
| The team at Birch Gold had quite a run. | ||
|
unidentified
|
As we say, quite a run. | |
| This ends a week that has been historic. | ||
| Next week's going to be even bigger. | ||
| We're going to be at CPAC, cpac.org. | ||
| Make sure you check it out. | ||
| You get the tickets at cpac.org slash war room. | ||
| Go there today. | ||
| $76 for the ticket. | ||
| It's going to be extraordinary force multiplier. | ||
| We're going to have parties. | ||
| We're going to get together. | ||
| We're going to have breakout sessions. | ||
| We will really amazingly enjoy each other's company, as we always do. | ||
| We'll be taking selfies, meeting and greeting, people bringing me books to read, stuff that they've written, stuff they've worked on. | ||
| That's what CPAC's all about. | ||
| This CPAC is going to be about, also specifically, talking about the road forward, particularly against this resistance, and how President Trump continues to push through. | ||
| They told me it was the first 100 days, that's everything. | ||
| Obviously, it's going to be longer than that. | ||
| Some of the things he's done is just absolutely extraordinary. | ||
| So I want to make sure everybody goes cpac.org slash war room. | ||
| Get the ticket. | ||
| They gave us a big discount, $76 to attend, which I think is going to be incredible. | ||
| I'm looking forward to you folks being there. | ||
| We need you on the Ramparts. | ||
| You've done such a spectacular job on the confirmations. | ||
| Think about it. | ||
| Tulsi Gabbard's in, Bobby Kennedy's in, Pete Hexas in. | ||
| Didn't they make you proud, particularly in Munich where Pete Hexas stood up and just threw down hard? | ||
| Just absolutely incredible. | ||
| Want to make sure everybody's at the Rampart. | ||
| To do that, we can't have you wrapped around the axle, particularly somebody taking the access to the ownership of your mortgage, your title. | ||
| Your title is everything. | ||
| The title is basically the contractual document right there that shows that you own the real asset that you go home every day and kind of put your head down on. | ||
| Or if it's another asset, you've got another vacation home or whatever. | ||
| That is the document that shows that this is why people are trying to get to it. | ||
| You have cyber criminals trying to get to it. | ||
| Quite frankly, we have so many sad stories of people that have been around people and trusted advisors or trusted family members. | ||
| It doesn't matter. | ||
| The million dollar triple lock protection they came up with is three. | ||
| 24-7 monitoring. | ||
| 24-7 monitoring. | ||
| Immediately, you immediately get a report if somebody's messing with your title. | ||
| Immediately. | ||
| And then they've got a million dollar. | ||
| Restoration project with lawyers, advisors, etc. | ||
| to make sure that you're not hung up. | ||
| The million dollar triple lock guarantee. | ||
| The million dollar triple lock guarantee. | ||
| Go talk to Natalie Dominguez and the team at Home Title Lock. | ||
| Go to Home Title Lock Steve25. | ||
| That is Steve25. | ||
| Check it out today. | ||
| Get all the information and talk to Natalie and the team. | ||
| Let's hit, I'll tell you what, I'm going to have the voice of Mike Lindell. | ||
| I'm going to come back with a little closing remarks, closing things. | ||
| Let's play Mike Lindell right now. | ||
| Hello, War Room Posse. | ||
| Well, we're going to keep it going. | ||
| The great special that you've all grabbed a hold of, the MyPillow 2.0. | ||
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| You guys, go to the website. | ||
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| Okay. | ||
| What a week. | ||
| And what a week to come. | ||
| Take a break. | ||
| Take a breather. | ||
| If you got them, smoke them. | ||
| Come on, kids. | ||
| That's not true. | ||
| I'm going to leave you with the right stuff. | ||
| We're going to be working all weekend. | ||
| We'll be up on social media. | ||
| Grace will be on fire as she normally is. | ||
|
unidentified
|
We will be back at 10 a.m. | |
| Eastern Standard Time Monday morning. | ||
| We'll get on it again in another grind. | ||
| Days of thunder, years of lightning. | ||
| You've been in the War Room. |
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