April 1, 2025 - Bannon's War Room
47:22
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
|
unidentified
|
Because we're going medieval on these people. | |
| You're not going to get a free shot on 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. | ||
| And where do people like that go to share the big line? | ||
|
unidentified
|
MAGA Media. | |
| 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? | |
| If that answer is to save my country, this country will be saved. | ||
|
unidentified
|
War Room. | |
| Here's your host, Stephen K. Vance. | ||
| War Room. | ||
| Here's your host, Stephen K. Vance. | ||
| Tuesday, 1 April, Year of Our Lord 2025. | ||
| Of course, it's Eve of the Liberation Day. | ||
| We now know that's probably going to take place 4 or 5 o'clock tomorrow. | ||
| It's actually Election and Game Day. | ||
| Grace and Mo and others will be doing live coverage up on Getter and others tonight to get you updated on Florida 1, Florida 6, and of course, all-important Wisconsin. | ||
| I'll be in and out as I'm available. | ||
| On all that. | ||
| I wanted to take time tonight though because two so many important things. | ||
| So Patrick Philip Patrick is going to join me a little bit later Financial Times huge article today about gold that I have to discuss with the audience and then the New York Times and the in the Telegraph have had this major expose of Ukraine and I want to do this on the eve of the tariffs because Europe's getting ready to blow back on these tariffs. | ||
| We had this amazing Show this morning with Natalie Winters and talking about the revolutionary nature of what remains of the Democratic Party. | ||
| And I think that tonight, in the next 20 or 30 minutes, we're going to shock you by the lies you've been told, the ball face lies you've been told by this Ukraine war that we called on this show from the very beginning. | ||
| I've had, I get, I'm taking this from two angles. | ||
| I got Ben Harnwell, who's covered this from day one. | ||
| Our international editor in Rome, and I've also asked Tej Gill. | ||
| Tej has actually been in these situations as a war fighter for many, many really decades in Afghanistan and Iraq. | ||
| And I want Tej to give me some detail. | ||
| I want to start with Ben first. | ||
| Ben, this real big picture. | ||
| I mean, this article and this is the New York Times. | ||
| I mean, come on, this is not Breitbart. | ||
| This is New York Times. | ||
| And I was stunned. | ||
| First off, I got a heads up this article was coming out by people that around people working on it and how explosive it was going to be. | ||
| But I was gobsmacked. | ||
| And I talked to so many of my colleagues that are in the military and people that are in national security or in the intelligence agencies, and they were actually blown away, too. | ||
| Although this was widely known about how brazen this was about the lies that were told the American people about our involvement. | ||
| in the war in Ukraine. | ||
| Just give me your big picture, 60,000 feet view of how we fought this war from the beginning that was going to destroy the Ukrainian people. | ||
| And now it's pretty obvious the Ukrainian soldiers were just like robots. | ||
| They were just ants to be thrown out there, run by a combination of the American military, the CIA, and quite frankly, you know, British commandos out of their military and plus MI6. | ||
| Your thoughts, sir? | ||
| Well, the Ukrainians were treated like ants, to be fair there, Steve. | ||
| And of course, they still are. | ||
| Good afternoon to you. | ||
| This is a huge story, and it really, in tone at least, confirms everything that The War Room has been saying over the last three years. | ||
| But your point in the introduction there is absolutely spot on. | ||
| My first reaction to this New York Times investigation, and they're going on about how they've spoken over the last 12 months to some 300 Sources, not only in the States, but also in Ukraine and also in the rest of the cooperating powers, mostly all off the record. | ||
| This is obviously a pitch for Pulitzer or something like that. | ||
| Steve, my first reaction is, boys, too little, too late. | ||
| The time to produce this expose on how your government has been lying to you was when Biden was still in power. | ||
| Doing it now is, I think, trying to restore your journalistic reputations, but the damage has been done. | ||
| That said, and that has to be said, there's still a lot of stuff in this article. | ||
| Hold it, hold it, hold it, hang on, hang on, hang on, hang on, hang on, before going through that though, hang on, because you just hit a key spot. | ||
| 300 sources, all anonymous, so they could get But this was obviously known because the operation itself was at such a scale. | ||
| Your point, this was widely known in intelligence and military circles. | ||
| It must have been known by the House and Senate Armed Services Committee, who are essentially funding this. | ||
| This was too big. | ||
| This wasn't some tiny little operation of clandestine warfare using commandos here, using Navy, you know, sending the Tej Gills, which they normally do, the Navy SEALs in. | ||
| This was a massive operation. | ||
| We were running the war. | ||
| We were running this war. | ||
| So clearly it had aspects of CIA involvement, paramilitary involvement, American Army Command, military command, all the technology associated with it. | ||
| This was an open secret. | ||
| It had to be. | ||
| And yet it was covered up and withheld for years and years and years, sir. | ||
| Steve, not only must everybody have known about this, everyone who needed to know about this would have been aware of what was going on. | ||
| But the interesting thing is, is that they, you know, reading between the lines, they also knew that the Russians knew, and we know this, if you want to see the fingerprints, that the fact that we knew, they knew, is that the terms that they were using when they refused to call the Russian targets target, had another invented technical word for them. | ||
| That was precisely, and it's here in the article, so if you are asked, were you firing on Russian Who was the secrecy for in that case? | ||
| Why keep it out in the media? | ||
| Well, the obvious answer to that, Steve, is that it was your own government. | ||
| The American government was using the secrecy to stop the American people from knowing how invested their own government was. | ||
| That was the point behind the subterfuge. | ||
| That's one of my first takes. | ||
| takeaways on this. | ||
| If you want, I'll give you my second takeaway on this. | ||
|
unidentified
|
Sure. Those are my two key points. | |
| So the first point is that the secrecy employed by the Americans was fundamentally to stop the American people knowing. | ||
| Because as I say, They knew. | ||
| The Americans stay on the ground in Ukraine, knew full well that the Russians were watching. | ||
| And in fact, they're going through chapter and verse. | ||
| We'll do this, but we won't do that because they didn't want the Russians, they didn't want to cross the Russians' red lines. | ||
| On the subject of the red lines, Steve, this is my second point. | ||
| And this is my, you know, this is why what we learn in this New York Times exposé is important to today and to President Trump today. | ||
| It's a horror story. | ||
| of how Biden's red lines continued to move throughout the three years as they were roped in. | ||
| I won't say by the Ukrainians, but by events, they were roped in ever further. | ||
| Thank you. | ||
| What that means in relation to the red lines is that the Americans are becoming ever- That is my lesson to Donald Trump, who still hasn't disengaged the United States from Ukraine. | ||
| The danger here, and Biden manifestly failed to observe his own limits of acceptability, is that this is a situation, unless it's closed down, It will continue to grow. | ||
| Wow. That's amazing. | ||
| Hang on one second, I'm going to come right back to that. | ||
| Wow. Because you're saying that when you read this, there's fresh warnings today about getting sucked in because you see how Biden and these guys got sucked in and continue to move the goalposts and just got in deeper and deeper. | ||
| Reminds me of Iraq, Afghanistan and Vietnam. | ||
| I hate to say it, folks. | ||
| But this thing, when you read it, you just feel like you're getting sucked into a vortex. | ||
| You're saying that that is the issues today, particularly when you have this economic deal, you're trying to get peace, but you just, and Zelensky, you know, rejects economic deal, turns around and rejects more. | ||
| They still haven't come up with the security force, and it's always out there that you're going to get sucked into this step by step. | ||
| Next thing you know, you're in the vortex. | ||
| It is me saying that, but it's there in the article. | ||
| Anyone who goes online, and we'll post the link to this New York Times piece afterwards, read the article, download it, it's all there. | ||
| It's hitting you on basically every other paragraph, what the expression, the tolerance of risk, it was continually widened as the red lines, as Biden's imposed red lines. | ||
| And you see this with the M777s, you see this with the HIMARS, you see this with the CIA Eventually allowing intelligence to be used to strike Russian targets inside Russia. | ||
| At every stage, Biden said, these are my red lines. | ||
| And then we go down a few paragraphs later and he walks over them and establishes new ones. | ||
| And that is the danger by piecemeal, incremental move, succession. | ||
| Whatever that being your intention at the beginning, you find yourself in a position of the three years that you would have never have counted at the start. | ||
| And this is the worry. | ||
| We've said this repeatedly on the show. | ||
| This is the worry that I would very gently refer to President Trump, that he is it. | ||
| Because now, and this is a risk that we did point out before the inauguration, there's going to come a point, and it actually came foggier than I was expecting, I thought it'd be like a matter of months. | ||
| It was really a matter because President Trump is such a dominant personality. | ||
| And it came within like a few days or a week that any I agree. | ||
| Boy. That he's still here in Ukraine. | ||
| And if he pulls that now, I mean, if he pulls that further down the line after committing himself further, he will have his reputation damaged. | ||
| So all we can do, Steve, I suppose on this point, all we can do is that is that minimize that consequence before it grows. | ||
| The toleration of risk. | ||
| Tej, I want to bring you in. | ||
| Tej, you fought in these Forever Wars in the Middle East. | ||
| When you read this, I mean, it kind of looked at me like CENTCOM with the Ford deployed in what, Qatar or whatever they ran, or Kuwait, wherever they ran these operations both in Afghanistan and Iraq out of. | ||
| It was shocking to me the scale that the American military involvement in this war and really command and control. | ||
| Your thoughts? | ||
| Yeah, I guess it's not a surprise to me. | ||
| I know how these things work. | ||
| Basically, we've been doing these proxy wars for a long time. | ||
| A lot of the operations we did in Iraq and Afghanistan, after the first couple of years, they wanted a local face, like an Iraqi face or an Afghani face on the mission so they can say they did it. | ||
| And they wanted us to, you know, just advise and insist type thing. | ||
| But it doesn't work. | ||
| These people are not the same as us. | ||
| Same thing in Ukraine. | ||
| If Trump completely pulls out, Ukraine's going to fold. | ||
| Nobody has the strength as the U.S. military in the wherewithal, and even the Europeans don't. | ||
| So that's what's going on here. | ||
| And I read the New York Times article talking about, we set up a, like you're saying, like Qatar, that's where we ran Afghanistan out of so we've set up a command element a joint operations center tactical operations center whatever you want to call it in Germany and that's where the CIA the Brits and us ran the generals for Ukraine and also I saw in the telegraph that at the beginning of the war the British | ||
| naval commandos went in and extracted two Ukrainian commandos and I guess that's No, that's not a surprise to me either. | ||
| That's something that's pretty commonplace. | ||
| Friends of mine, Navy SEALs, they actually pulled Karzai off a mountaintop at the beginning of the Afghan war and when he was part of the Northern Alliance and, hey, we need to get this guy. | ||
| He's going to be the new leader. | ||
| And that's what they did here. | ||
| As soon as Russia invaded, the British commandos went in and extracted two Ukrainian generals and took them out to Poland and then to Germany and then They ran the war from there. | ||
| And I also saw that the Navy and the CIA were authorized to share targeting information about the Russian fleet in the Black Sea, in Crimea. | ||
| And we, through Ukraine, sunk one-third of Russia's Black Sea fleet, which is huge. | ||
| We're behind everything. | ||
| We're behind the development of the weapons. | ||
| Ukraine has a really Advanced Sea Drone program where they have boats with outboard motors and they're stealthy and they have Starlink on them and they're unmanned and they use these things to swarm Russian ships and sink them and it's been very successful for Ukraine doing this. | ||
| And also I see in this New York Times article it talks about how US advisors are allowed to go into Ukraine and You know, do the advise and assist mission. | ||
| They stay back from the front lines ish and they advise and assist the Ukrainians. | ||
| So basically Ukraine is a puppet for us. | ||
| It's just, it's the old fashioned proxy war and it's a regime change, right? | ||
| We, we, we did a regime change in Ukraine cause we wanted a pro Western government in charge in Ukraine. | ||
| And we got that in 2014 through the color revolution. | ||
| And then, We turned it into a proxy war against Russia, and that's all, that's just the NATO and the Biden administration. | ||
| They had democratically elected, although that election had huge problems, right? | ||
| You may even argue that, hey, election fraud might have been rigged, but they had a pro Moscow pro-Kremlin guy in and we actually the color revolution of Newland put a put puts Alinsky in just one question because I want to Let you I know you're jammed over at the coffee company. | ||
| I won't let you go Ben Hardwell brings up one of the most key points the secrecy of this of the New York Times with 300 sources folks 300 sources This the secrecy of this Was not with the Russians. | ||
| The Russians knew this was going on. | ||
| The Russians knew the Americans and the Brits were running this proxy war from Germany. | ||
| What Tejas told you, we gave target information that took out one third of the naval targets in the Black Sea fleet were directly done by American naval intelligence. | ||
| So the Russians knew this. | ||
| The secrecy was to hide it from the American people. | ||
| The secrecy. | ||
| So it happens now. | ||
| It's in. | ||
| It's during Trump's time. | ||
| And with all the stuff going on, this article has as explosive as it is. | ||
| This is equivalent to The Washington Post doing the Afghan papers back in 2020, when we did day after day. | ||
| I said these things are more explosive than the Pentagon papers because they show that we've been lied to, bald faced, lied to by Republicans and Democrats, basically the administrative and deep state. | ||
| About the success of the war. | ||
| And I knew this in 2017 when President Trump tasked me and said, hey, can you get this thing wound down as quickly as possible? | ||
| I want to get out of there. | ||
| And the Pentagon will sit there and just lie to you, bald-faced lie to you. | ||
| The intelligence service will lie to you to make sure these forever wars go on. | ||
| The question I have for you is how do the Russian people... | ||
| Go ahead. | ||
| Go ahead. | ||
| I was going to say, this is just the stuff that's come out in the mainstream news. | ||
| This is just the tip of the iceberg, Steve. | ||
| Plenty more that we don't know about. | ||
| So if this is shocking to people, then there is another mountain of information that we have been doing in Ukraine in these wars. | ||
| And then here's the part that actually surprises me is our CIA went in and basically salvaged the Ukrainian intelligence services and retrofitted them, trained them, and made them into a top-notch intelligence service. | ||
| And it's not just for the Ukraine-Russia war. | ||
| We actually saw these Ukrainian operatives on the ground in Syria last, whatever it was, two months ago, went over through that. | ||
| So now we're actually using their intelligence service as a proxy intelligence service to conduct sabotage and other operations around the world. | ||
| So there's a lot more to this than just Ukraine-Russia. | ||
| We're actually using their intelligence service that we created. | ||
| To do our dirty work around the planet. | ||
| It goes much further than just Ukraine and Russia. | ||
| That's the part that's shocking to me. | ||
| And then we have these Patriot missile batteries on the ground over there. | ||
| Those are top secret missile systems with encrypted targeting systems that we have to man and feed the targeting systems into. | ||
| We can't just give that information to the Ukrainians. | ||
| And then same thing with the HIMARS missile systems. | ||
| The targeting systems in those is a Top secret encrypted system. | ||
| So we have to program those. | ||
| It's so we're we're we have our hands on deep and all this stuff. | ||
| So I hope I hope Trump can can wind this thing down. | ||
| But like Ben Harwell was talking about, they keep moving the goalposts further and further away and we get sucked deeper in. | ||
| And I think that was by design. | ||
| I think the last 12 months of the Biden administration, they set the stage for Trump. | ||
| So he can't just shut this war down overnight. | ||
| It's gone so deep and it's so complex and it's so dirty that it's going to be very difficult for Amen. To shut this war down, because it's so deep, dark, dirty, and complex now. | ||
| I don't know if he knows how to shut it down, to be honest with you. | ||
| I don't know if Russia wants to shut it down and I don't think Zelensky wants to shut it down. | ||
|
unidentified
|
Taysha girl just hit the key point. | |
| thing that the apparatus underneath is the party's on. | ||
| They have no intention of cutting the party off. | ||
| This is why you still see guys on Capitol. | ||
| I guarantee you when we go through this budget. | ||
| That $900 billion budget in the reconciliation, $150 billion more for the Pentagon. | ||
| Officially puts it over a trillion dollars. | ||
| There's going to be so much money for the Ukraine. | ||
| And people around President Trump, in the deep state, the administrative state, we have not gotten rid of all these people. | ||
| This is why Ukraine, Ukraine, Ukraine, up on Capitol Hill, the money is being made. | ||
| This thing is sick. | ||
| Also, Taysh, before I let you go, the Russian people, who are our allies in World War II, have lost 800,000. | ||
| Killed or wounded on these battlefields. | ||
| How are the mothers of Russia? | ||
| And let's leave aside who started what. | ||
| I'm just talking about dead and wounded and almost a million. | ||
| Ian Bremmer tells me it's 500,000 minimum on the Ukraine side. | ||
| It's like 450,000 to 500,000. | ||
| President Trump says it's a million. | ||
| Let me split the difference. | ||
| 750,000. | ||
| So you have a 1.5 million. | ||
| Some of the million to 1.5 million. | ||
| I mean, this is such a bigger scale at the beginning of World War II, folks. | ||
| Until the German army went into Russia from that 1939 to 1941, held off on the Spanish Civil War and what happened in Finland. | ||
| And you still don't get to the scale of the slaughter that took place in the bloodlands in Ukraine. | ||
| How the Russian people are ever supposed to think, because there's no offense, the Ukrainians shot the bullets, but the Americans ran the war. | ||
| The Americans targeted. | ||
| This was our war. | ||
| This is so much worse than Mershheimer said. | ||
| Mersheimer said you're going to lead him down the Primrose Path to the destruction about the Ukrainian people. | ||
| And what did he say? | ||
| We are going to fight until the last Ukrainian is dead. | ||
| And if anybody ever showed that this is folks, you can understand something. | ||
| You can't walk away with the fact that, hey, I tried to fight it. | ||
| I told my congressman not to do it. | ||
| I was with the war room and got Mitch McConnell pitched out. | ||
| This is our nation. | ||
| Essentially went to war against the Russian people and killed because of the if they didn't have the expertise and sophistication and battle-hardened combat experience of the American military and paramilitary and CIA command that the Ukrainians would have never put up the punch. | ||
| This answers the question. | ||
| How in the hell is this ragtag army being as good as they are? | ||
| The reason was they have tough and courageous troops who can fight with virtually nothing. | ||
| And you had super sophisticated people that had learned in 20 years of war in Iraq and Afghanistan how to run the deal. | ||
| Yeah, I think it's going to be very tough for the Russians to forgive and forget what America did on this, you know, during this Ukraine thing, killing all these people. | ||
| I think it's almost like it would be almost like immediately after 9-11 asking Americans to forgive and forget what the al-Qaeda and Taliban did to New York City. | ||
| So, but, you know, I guess it's one of those things that only time will tell and time heals. | ||
| Hopefully, hopefully they see that it wasn't America as a whole, it was just one of our corrupt politicians in a deep state. | ||
| In the deep, in the apparatus. | ||
| This is why the apparatus is going to be taken apart. | ||
| I got to let you go. | ||
| I'm bringing Ben back after the break at the bottom of the hour. | ||
| But Tej, nothing showed me more. | ||
| Because you're a patriot. | ||
| I think you did 12 or 14 tours in defense of your country. | ||
| Some as a CEO and then some as a contractor because basically they just want to get you off the health and retirement benefits. | ||
| Off the balance sheet as we say. | ||
| Nothing showed me more of why you wanted to get out than this. | ||
| Because this is where American troops in Iraq and Afghanistan were just used as the cannon fodder, to be blunt, that the Ukrainian troops, the commonality of the warriors here at the tip of the spear is actually tragic. | ||
| When you think about these Ukrainian soldiers and then you think back over Iraq and Afghanistan, how the same maniacal focus. | ||
| So now I know more than ever why you went and started the coffee company, sir. | ||
| I'm all for war as long as it's legitimate and there's a real reason we're fighting, but when it's to enrich politicians, I'm not on board. | ||
| And that's the name of the game in these wars lately. | ||
| And we're not allowed to win. | ||
| We just go over there and fight and fight and fight in endless wars. | ||
| World War II, we used to do unconditional surrender. | ||
| When's the last time you saw one of our enemies surrender unconditionally? | ||
| And we'll see, you know, if we get in a war with these cartels on the South, are we going to just crush them and allow the warfighters to do their job? | ||
| Or is this going to be another conflict where the politicians And Lockheed Martin and Northrop Grumman make a bunch of money. | ||
| We need to fight to win. | ||
| If you fight to win, it's fine. | ||
| But if you fight to make money, no. | ||
| Tej, where do people just tell us where to go for the coffee? | ||
| They can go see the 8,000 reviews. | ||
| You've done an amazing job. | ||
| Where do they go for your coffee? | ||
| The coffee is at warpath.coffee. | ||
| That's the website. | ||
| And for the War Room Posse, use promo code WARROOM. | ||
| It's 15% off right now. | ||
| And like Steve said, we have 8,000 reviews. | ||
| It is the best coffee out there. | ||
| People love it, and they just keep buying it over and over. | ||
| Warpath.coffee. | ||
| 8,005 star reviews from your compadres here in the War Room. | ||
| Tej, thank you very much. | ||
| Thank you, sir. | ||
| Everybody go get a hot cup of coffee. | ||
| Get the coffee. | ||
| You get jacked up in the morning. | ||
| This is why Tej, I love this guy. | ||
| He saw the worst of the worst and then came back to his country to build a fabulous company. | ||
| Fabulous company. | ||
| If you go and read those reviews, you'll buy the coffee to try it. | ||
| If you try the coffee, you'll put up a five-star review and you'll never drink another type of coffee. | ||
| That's how good it is. | ||
| And I am an aficionado when it comes to coffee. | ||
| And this is the best I've ever had flat out. | ||
| The best. | ||
| Man. Thought of tage every paragraph and I was reading that in the New York Times. | ||
| Okay, we're gonna take a short break Ben's gonna stick with me and I got bring in Philip Patrick short commercial break Okay, | ||
| welcome back I am Particularly proud of the War Room today, starting at the 10 o'clock show, all the way through this. | ||
| This has been, after five years, this is one of the most extraordinary days I think we've ever had. | ||
| It really is. | ||
| The types of issues we've gotten to and getting back of, and it's the whole team. | ||
| It's the production team, it's our team in Denver and Palm Beach, and of course my own production team at the War Room, and of course all our contributors. | ||
| Ben Harnaway, I actually was going to play the CNN thing with Dougan. | ||
| Talking about, you know, the Russian rapprochement and what that could mean for the future, but I'll have to play that another time. | ||
| We just got too much going on. | ||
| Breaking news out of the Financial Times today, and I've changed the schedule with Philip Patrick, who joins here in a moment. | ||
| Harnwell, this one's shocking on so many levels, and Tage Gill just nailed it. | ||
| It's not stopping. | ||
| That monster that was created, I don't know, after 9-11, or how you want to say it, but that monster that kept the forever wars going in the Middle East, Actually spread itself to the Bloodlands and the monster continues because as Tejgo said, he says, hey, look, let me be blunt with you guys, like the CIA training, really taking the Ukrainian intelligence, which was nothing, and recasting it as itself with MI6. | ||
| And now we have it deployed in Syria. | ||
| It's not going to end, folks, until we end it. | ||
| Ben Harnwell. | ||
| I'm going to, you know, Let's go with the Wolverine posse, just these technical terms I mentioned earlier, because it's important. | ||
| When the guys over there, I think it's like a couple of dozen over there, they were told not to use the term targets. | ||
| This is what the New York Times says. | ||
| It says the locations of Russian forces would be, inverted commas, points of interest. | ||
| Intelligence on airborne threat would be tracks of interest. | ||
| So those are the two terms, not targets, points of interest and tracks of interest. | ||
| And then it directly says here, if you ever get asked the question, did you pass a target to the Ukrainians, you can legitimately not be lying when you say, no, I did not want US official explained. | ||
| Obviously, what The New York Times doesn't go into is that who would be doing the questioning? | ||
| we're talking about military advisors earlier, over there in Ukraine, which is under attack by the Russians, the foreseeable circumstance would be if you are taken by Russians and questioned, you cannot be legitimately like. | ||
| Now that eventuality is extremely important. | ||
| And it comes back to what Tej Gill had mentioned when he was talking earlier about these two Ukrainian Generals who were taken by by by U.S. under-armed escorts, he says in the New York Times article, under-armed guards, taken from Kiev to Poland and flown from Poland to Wiesbaden in southwest Germany, which is where this is all being handled. | ||
| And the New York Times makes an aside, a descriptive aside, that the generals and their armed guards were wearing civilian clothes. | ||
| When I mentioned the Russians earlier, the possibility of Americans being captured by the Russians, the fact that they're, and this is something, you know, I remember I mentioned this on The War Room like a couple of years ago, the fact that they are enemy combatants, not wearing uniform, would deprive them totally of their Article 4 Geneva Convention protections as prisoners of war. | ||
| And what Paige was also saying about I'm They | ||
| would have been instructed not to wear military uniform for that and presumably all their other operations there. | ||
| That is, I would say, I would say verging on criminal considering there is no declaration of war between the United States and Russia and that these soldiers are actively working on, excuse me, military advisors are actively working on destroying Russian targets inside Russia. | ||
| That is, that is, So one question, I know we've got to hand over to Philip Patrick now. | ||
| My question to this, now that there's a new guy in charge at the Pentagon, a question for the Secretary of State. | ||
| Find the instructions on what these Americans were wearing there and publish them. | ||
| And then everyone can see just how evil the previous regime was, how little it cared. | ||
| We know he didn't care for the Ukrainians, as you said, fighting them down to the last one. | ||
| How little they cared, even for Americans who were over there, that they would knowingly send them out there, deprived of their Geneva Convention protections. | ||
| Disgusting. No. | ||
| No. Yeah, I think you meant the Secretary of Defense, and there needs to be a massive investigation of this, and people need to be held accountable for this. | ||
| I think there are massive crimes that will be committed here. | ||
| Massive crimes. | ||
| Ben, where do people get you? | ||
| We've got to bounce. | ||
| Thanks for doing this this evening. | ||
| Where do people go to get you, sir? | ||
|
unidentified
|
Thank you, brother. | |
| Very powerful. | ||
| I asked Philip Patrick to change around the schedule. | ||
| I wanted him on today. | ||
| He got an article I'd seen on the front page of the Financial Times of London. | ||
| The headline of this is essentially about the situation with gold and, you know, setting records now. | ||
| It seems like every hour, but Philip, the headline of this is investors flock to gold funds as fears over Trump's tariffs mount. | ||
| That's kind of the free trade, both Economist and the Financial Times were both established in the same kind of time period back in 19th century England around the Corn Laws. | ||
| And they were the paper of the capitalists. | ||
| So they hate anything related to tariffs. | ||
| They hate anything related to protectionism. | ||
| But it's much deeper than that. | ||
| This article does a pretty good job actually going to the forces driving it. | ||
| Why is the Financial Times now finally caught up with what we've been talking about on War Room with Birch Gold for the last four years, sir? | ||
| Yes, it's about time. | ||
| I think we're seeing that broadly. | ||
| Investment banks, financial publications, but You know that they are catching up and it's no surprise. | ||
| Gold prices smashed a new record yet again on Monday. | ||
| Spot markets now over $3,100 for the first time in history. | ||
| But it's been very consistent performance. | ||
| Gold's up almost 20%. | ||
| It's 19% since the 1st of January. | ||
| In fact, for the first time in history, a $100 bill is now worth less than its weight in gold. | ||
| And a number of analysts are now projecting gold. | ||
| They've increased forecasts Over thirty five hundred by the end of the year now. | ||
| Look like anything else gold prices a function of supply and demand and what we're seeing on the demand side is just skyrocketing demand. | ||
| And there's a few different drivers right so you and I have discussed many times central bank demand which is consistent it is increasing. | ||
| After three consecutive years of record buying central banks now already own 20% of all the gold. | ||
| Never mind in history. | ||
| As we've discussed before, since Biden weaponized the dollar and seized Russia's assets back in 2022, that led to a five-fold increase in central bank gold buying. | ||
| Now, whether you call it a natural desire to diversify, as Yellen did, or a rational decision to shelter assets from outright theft, One thing is clear it's been a very good thing for gold owners since February of twenty twenty two gold prices are up sixty three percent and in the same time period the dollar's purchasing power has fallen about eleven percent. | ||
| As we'd expect at the dollar's share of central bank reserves declined yet again last year as gold overtook the euro and became the number two global reserve asset so a lot of the demand is coming from central banks. | ||
| What's really interesting is investor demand. | ||
| So fourth quarter of twenty twenty four. | ||
| And of course at Birch we feel this directly. | ||
| Retail investors bought more gold than even central banks did. | ||
| And I think what's happening is broadly the markets are starting to understand that there is no such thing as a Trump put. | ||
| Right. Think about it like this, okay? | ||
| The top 10% of the wealthiest households in America own 87% of all assets. | ||
| The top 0.1% own around 23%. | ||
| Since the week of Donald Trump's election, we've seen the top 10% of wealthiest households have seen $2.7 trillion of their wealth wiped out in financial markets. | ||
| Now, The wealthiest households still have plenty of liquid assets, so who's it really hurting? | ||
| It's hurting the wealthiest people in America. | ||
| So far, they're the ones who are getting hit. | ||
| They're the ones who can actually afford it. | ||
| Now, Listen to the signaling from the administration. | ||
| Besson's been saying for a long time the economy's been addicted to cheap money, and we needed to go through a detox period. | ||
| And that's what we're seeing right now. | ||
| Ultimately, we cannot support a bubble indefinitely. | ||
| Now, while all of this is happening on the demand side, supply is still stagnant. | ||
| Higher prices haven't yet led to a significant increase in mining activity. | ||
| Hang on. | ||
| Hang on. | ||
| This is why I want to have Philip Patrick on, and I think we'll clip and play this. | ||
| What he just said, for the country's financial life and for your personal financial life, is one of the most powerful things ever. | ||
| Let me go back in time. | ||
| He just made the statement, the markets, it's not just central banks now. | ||
| It is actually investment opportunities. | ||
| I happen to think it's why Larry Fink the other day said in his asset reallocation, because remember he said, hey, he's going to make everything available for the masses. | ||
| But he said he's also got different asset allocation. | ||
| The asset allocation was traditionally 60-40 equity to debt. | ||
| He says he's changed that now. | ||
| It's like 50% equity, but I think debt's 30 and 20 should be private investments, other asset classes. | ||
| That read to me that at least part of that was going to be in precious metals and gold. | ||
| In the run-up to the financial collapse in the bubble of 2008, you had a thing called the Greenspan put. | ||
| The traders always felt that if everything got out of control, Greenspan would always be in to basically increase liquidity at the Federal Reserve or to lower Or to lower interest rates. | ||
| They called that a put. | ||
| Basically, that'll bail us out. | ||
| You know, if we get too speculative here, we'll have the Federal Reserve Chairman bail us out. | ||
| And it got to be known, as you know, Philip, the Greenspan put. | ||
| And that's how things got too out of control when they finally stopped that because they thought they were getting too, you know, the Bush administration thought they were getting too over their skis. | ||
| They basically pulled the plug on no more bailout. | ||
| They bailed out Barrett Stearns and didn't bail out Lehman Brothers. | ||
| The whole thing started to unwind and collapse in the 2008. | ||
| What Philip Patrick says, people here understand there's no Trump put. | ||
| And there's no Trump put. | ||
| And so what they're doing is they're going, the corporations now are buying, gold used to be a hedge, they're buying it as actually an asset class. | ||
| When Philip Patrick, he's much younger than I am, when he was an investment banker in the late 90s, early 2000s, or when I was an investment banker, back from the mid 80s to the early 2000s, If you had told an investment banker and talked about gold as an investment alternative, what are you talking about? | ||
| That's these crazy gold bugs, right? | ||
| It's a hedge, but it's certainly not an investment. | ||
| What you've just made this fundamental point is that it's not simply central banks anymore. | ||
| It's also investment funds. | ||
| And one of the reasons is people are looking for the potential for a hedge because they know that Trump's not going to bail out. | ||
| There's no bailout coming from Trump. | ||
| Is that essentially your thesis? | ||
| There's not going to be a Trump put like there was a Greenspan put for decade after decade, sir. | ||
| It's exactly my thesis. | ||
| And honestly, it even surprised me, right? | ||
| But Trump is standing firm and he's doing what needs to be done. | ||
| And ultimately, I think investors at the moment are realizing that there isn't a safe alternative, right? | ||
| Between capital markets suffering their worst Quarter in three years, the federal government's record deficit in February, nothing at the moment looks safe. | ||
| Factor in Liberation Day coming April 2nd, right? | ||
| There's a ton of volatility, widespread trade disruption. | ||
| And I think gold is looking more and more and more attractive in periods of instability and ultimately a lack of options. | ||
| I mean, sitting in cash or equivalents doesn't even work today. | ||
| So I think a combination of all of these forces making Making gold more and more attractive and projections are rising, you know, every single day. | ||
| They're now saying 4,500 in the next two years. | ||
| So no surprise with gold prices, but I expect them to continue to rise. | ||
| What do you, for people that this is all foreign to, they've never done this before, right? | ||
| I know you've got a bunch of instruments, you know, whether 401ks, you know, ERAs, IRAs that you can do with, you know, to basically defer taxes for a while. | ||
| But how do people actually figure out, you know, hey, I want to own physical gold who I talk to. | ||
| So walk through the walk through the methodology of how people should should get engaged with you guys now. | ||
| Of course. | ||
| So look, I mean, as you know, what's very important for us at Birch is information, right? | ||
| So it all starts there. | ||
| People can reach out. | ||
| It's Bannon to 989898 or birchgold.com forward slash Bannon. | ||
| That's going to get them access to a lot of free information, whether it's the end of the Dollar Empire series written by yourself. | ||
| guides on how and why to invest in gold, specifically under a Trump administration, understanding the problems in front of us. | ||
| You know, get reading, get educated, because I think the best decisions can be made from an informed perspective. | ||
| It's why information is so important to us. | ||
| From there, they can reach out. | ||
| They'll have access to either myself or one of our precious metal specialists, just like myself. | ||
| We're there to answer questions, to explain things, to hold people's hands and guide them through the process. | ||
| And ultimately, From there, we have, you know, processing departments, customer service departments. | ||
| We're a large organization that are there to support the customers for the life of the account. | ||
| But as we always say, it starts with information and birchgold.com forward slash Bannon. | ||
| That'll get them access. | ||
| Philip Patrick, thank you very much. | ||
| Honor to have you on here. | ||
| Thanks for changing your schedule around today. | ||
| Given the importance of this Financial Times Hour. | ||
| Just before I leave, you agree with me. | ||
| That the Financial Times tries to sell it. | ||
| It's all Trump's tariffs calling this. | ||
| That is an element of it, but nothing could be farther from the truth the way they try to position this. | ||
| It's absolutely correct. | ||
| Look at gold's performance. | ||
| It started its tear in 2022, okay? | ||
| There's no coincidence. | ||
| Absolutely not. | ||
| Unbelievable. Information warfare coming from the pages of the Financial Times. | ||
| Philip Patrick, thank you so much. | ||
|
unidentified
|
Thank you, Steve. | |
| Folks, take him up on his offer. | ||
| What we try to do is make sure you get access to the senior-most people in these companies that are our sponsors, and you should take advantage of that. | ||
| Build a relationship with these companies, regardless of what their vertical is. | ||
| If it's a vertical, do you feel you need help in? | ||
| We give you access to it. | ||
| It's one of the reasons that when sponsors come on, we're thinking a little bit different than everybody else. | ||
| We say, hey, we're going to spend a lot more time. | ||
| We're going to get you on the shows because the issues we're talking about, you have solutions for some of those issues. | ||
| But we want people to really have a deep relationship with you. | ||
| As we understand it, we spend a lot of time with the sponsors and go through, not just breaking news, but where their business is going and how it can best benefit our audience. | ||
| And the feedback we've gotten over the last four or five years has been nothing short of astounding. | ||
| Remember, there's not one example we tell you, you've got to buy this product. | ||
| What we tell you is that we have checked this out, we love these products, but you need to go make the decision yourself. | ||
| You need to go To the websites, that's what we want. | ||
| We have all of our, the companies, our sponsors have tons of information on the sites and we want you to ask questions. | ||
| I mean, we get Comstock on here for a sacred human health and he'll give you his email and he'll get in direct conversation with you. | ||
| It's a burden, particularly he's trying to, he's managing a growing company, but we think it's absolutely essential. | ||
| It's critical. | ||
| for you to do this. | ||
| This is why a couple other examples, Jace Medical, you know, the PLA is having this naval exercise around Taiwan right now. | ||
| It's one of the things that Jim Finnell and these guys tell me every day we got to keep our eye on. | ||
| The Chinese Communist Party is making moves. | ||
| One move they're going to make, and we haven't solved this from the pandemic, we became aware of it because of Rosemary Gibson and her great book that talked about the strategic stranglehold That the Chinese Communist Party have on supply chains, and particularly on medical supply chains. | ||
| Remember, you couldn't even get a mask made over here? | ||
| But they have that. | ||
| That's on the generic drugs and the active pharmaceutical ingredients. | ||
| It was Dr. Sean Rollins and his team that actually built a company around having a solution for that. | ||
| So go to JaceMedical.com today, put in Bannon for a discount. | ||
| But most importantly, get on the site and just think it through. | ||
| Walk through the logic that they put in there and you'll see, wow, I didn't even know I had this exposure. | ||
| And you can get ahead of that. | ||
| One of the things we want to make sure people do is you don't get caught in these jams where something happens, like when the pandemic hit. | ||
| Remember, we shifted the show from impeachment to pandemic. | ||
| People were like, wow, at first, oh, is this just going to be a cold? | ||
| Well, it wasn't that. | ||
| Hey. We know it didn't require a vaccine to solve after time we get more and more information about it, but the trauma that the nation went through at first in trying to in trying to sort this thing out. | ||
| One of the big problems was the supply chains were totally controlled by the Chinese Communist Party. | ||
| So make sure anyway, check it out with Jace Medical Day also records. | ||
| People have loved Birch Gold and what we've done with The End of the Dollar Empire and the emphasis we put on capital markets and how it ties to politics and how you can't understand one without the other. | ||
| Jim Rickards was a follower of the show, eventually wanted to become a contributor. | ||
| He's done a great job. | ||
| People will love when Rickards is on. | ||
| But go to RickardsWarRoom.com. | ||
| You can actually get Strategic Intelligence, which is this fabulous newsletter, and Jim will throw in free The book about Capital Markets and Artificial Intelligence. | ||
| And that one, you ought to read. | ||
| That'll keep you up at night. | ||
| Okay, The Right Stuff's going to take us a hell of a day. | ||
| We're going to be up on Getter and on, I think, Twitter. | ||
| Grace and Mo and others giving updates on the election returns tonight. | ||
| I'll be moving around, but I'm going to try to get up there as much as I possibly can. | ||
| But Wisconsin and the two Floridas, big. | ||
| And then we're on the eve of I think the biggest day in President Trump's second term, Liberation Day is tomorrow. | ||
| We know right now it's going to be pushed back later in the afternoon. | ||
| So we'll get it all in. | ||
| We're going to do it live tomorrow. | ||
| Plus, the morning show is going to be amazing. | ||
| Join us back here at 10 a.m. Eastern Daylight Time, EDT, tomorrow morning when you'll be back in the War Room. |
Export Selection