June 19, 2025 - Bannon's War Room
48:57
Participants
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| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies, because we're going medieval on these people. | ||
| Here's one time I got a free shot at all these networks lying about the people. | ||
| The people have had a belly full of it. | ||
| I know you don't like hearing that. | ||
| I know you try to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
| And where do people like that go to share the big lie? | ||
| MAGA Media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
| 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. | ||
| you you you All right, folks. | ||
| Steve Bannon out on assignment. | ||
| Dave Brat. | ||
| We've got Sam Faddis up again with us. | ||
| I just want to immediately go to him following up on the war logic. | ||
| There's some sub points that I wanted to cover. | ||
| In the first place, let's just, Sam, go to the question of U.S. They have an immediate threat to them. | ||
| We don't, as far as I see, to the United States of America. | ||
| So there's a moral distinction there and just war and all that kind of thing. | ||
| But when it comes to the U.S. doing bunker buster bombing of Iran, I think we're in and they bomb back. | ||
| Strategically, and our ships are sitting right there with our boys and our troops, etc. | ||
| And so give us your thinking and your analysis of where we stand with that distinction, Sam. | ||
| Yeah, well, look, what I want to hear from people that are talking about conflict is sober, serious discussion and analysis and an explanation in the real world. | ||
| World of what exactly it is we're getting ready to do and then how that all plays out. | ||
| It's not a video game. | ||
| It's not a movie. | ||
| First of all, I don't quite understand why this obsession with bombing Fordow. | ||
| Fordow is for enriching uranium. | ||
| If they're really days away from having a bomb, then they already have the highly enriched uranium they need to build those devices. | ||
| They're not spinning it in Fordow right now. | ||
| So bomb the thing, blow it up, don't blow it up. | ||
| That doesn't end. | ||
| Their nuclear program. | ||
| Their whole program is not in one room sitting under a mountain at Fordow. | ||
| So, you know, I think the push for that is because we're the only guys that have the ordinance that can do that, and it's a mechanism for trying to suck us into a conflict. | ||
| That doesn't even end the nuclear program. | ||
| Okay, let's move to the next day, the next few minutes. | ||
| What happens after you do that and you're now in the war? | ||
| Yes. | ||
| OK, they actually get to respond. | ||
| You know, they get to play in this game, too. | ||
| And they don't have to respond in a way that you are prepared for. | ||
| They respond playing to their strengths and our weaknesses. | ||
| That means the Gulf. | ||
| That means our bases. | ||
| That means our ships. | ||
| That means our men and women. | ||
| It also, by the way, potentially means on U.S. soil. | ||
| It means wherever they choose using their their mechanisms that they have, which will be. | ||
| Not conventional military force. | ||
| They're not standing toe-to-toe with us on the battlefield. | ||
| Yeah. | ||
| Hey, Sam, can you hold for one minute? | ||
| We've got Jeff Clark standing outside the White House on special assignment. | ||
| Hey, Jeff, you with us? | ||
| I am. | ||
| Good to hear from you, Dave. | ||
| You too, Jeff. | ||
| Jeff, one of our war room heroes. | ||
| Jeff, you got some breaking news for us. | ||
| Go ahead. | ||
| Sure. | ||
| Well, last week, the president had a signing ceremony for three congressional overrides of California's breathtaking power grab to try to make the entire nation run on electric cars, which they were going to complete by model year 2035. | ||
| I mean, it's really breathtaking how stupid an idea that is, right? | ||
| And what would that have done to the American auto industry? | ||
| It would have killed it. | ||
| So President Trump signed those three resolutions into law. | ||
| And yesterday, my boss, Russ Vogt, the director of OMB, he sent a letter to GAO explaining why their analysis that that was beyond Congress's power under something called the Congressional Review Act was all wet. | ||
| It was an eight-page letter. | ||
| went through all of the details as to the flaws in their legal analysis. | ||
| And also, Dave, look, you know, the Democrats profess And democratic government worked perfectly here. | ||
| Senator Thune, the majority leader, did an excellent job shepherding this through Congress. | ||
| Bipartisan majorities voted to kill these California job-killing and economy-killing electric vehicle mandates. | ||
| And now they're the law of the land, Dave. | ||
| Wow. | ||
| Great. | ||
| Hey, Jeff. | ||
| I think you have been following some of the China news as well in relation to this issue, the green energy, the Senate subsidies debate going on up there. | ||
| Do you have any insights as to whether we're going to continue to be dependent on China? | ||
| 70% to 80% of our solar, wind, etc. | ||
| manufacturing is in China. | ||
| Are you dealing with any of those issues as well? | ||
| It's just shocking to me that the U.S. energy grid, Dave Walsh always covers it on The War Room, that we are dependent not only on pharmaceuticals and chips, but this solar wind dependency on China. | ||
| In addition, is President Trump making any litigation moves on that front as well? | ||
| So, Dave, look, I strongly support and OMB strongly supports EPA Administrator Lee Zeldin's actions to get rid of that as much of that Green New Deal, you know, grift and graft that we've experienced over the last four years of the Biden administration. | ||
| And that obviously also has important nexus with OMB in terms of our work on the budget and the like. | ||
| And look, China is trying to eat our lunch. | ||
| They're trying to make us strategically dependent on them. | ||
| President Trump sees all of that. | ||
| He wants us to be independent of the Chinese. | ||
| There are policy initiatives on that in a number of different areas. | ||
| And look, especially at OMB, we're looking to keep the budget lean and mean. | ||
| And, you know, we certainly shouldn't be subsidizing the China attempts to control things like our pharmaceutical industry. | ||
| And also inside OMB, we have a Made in America office, Dave, which I'm sure you're aware of. | ||
| We're trying to make sure we onshore as much productive capacity as we can. | ||
| Jeff Clark at the War Room suffered under Lawfare himself, a total American patriot. | ||
| A Harvard scholar, just a great contributor to the war room in the past, now working at the White House. | ||
| Thanks for being with us, Jeff. | ||
| Great work. | ||
| Thanks a lot, Dave. | ||
| I appreciate it. | ||
| You bet. | ||
| All right, back to Sam Faddis. | ||
| Sam, I want to go to kind of another bullet point down that's widely being discussed. | ||
| You know, Israel's got total dominant air power. | ||
| And I'm not in any way trying to diminish the importance of Israel protecting themselves here, right? | ||
| So they have total dominance. | ||
| Iran's looking weak. | ||
| The mainstream media, I don't think we're getting coverage of the... | ||
| How strong is Iran still? | ||
| The whole thing comes down to their, well, my view, tell me your view, but the availability of missiles left. | ||
| I've heard a third is gone, but they still have two-thirds of the medium-long-range heavier bombing reserve, and those could go at our ships. | ||
| And so how strong is Iran? | ||
| I think they have considerable strength left. | ||
| Are they losing in some conventional military sense? | ||
| Yeah, obviously they're losing. | ||
| Do the Israelis have control of the skies over Iran? | ||
| Yes, they do. | ||
| OK, that doesn't mean the Iranians have to quit, doesn't mean they have to surrender, and it doesn't mean the end of anything. | ||
| Somehow we went from... | ||
| The Iranians can trundle on for a really, really, really long time in a very miserable condition and conditions that we would find unacceptable does not mean that That somehow the regime is going to go away and that the people can rise up against the considerable forces of the regime. | ||
| They have repressed those people for decades. | ||
| You know, we've just gone to this thing like they're going to get bombed for a few days, the Iranian people are going to rise up, and magically everything will be fixed overnight. | ||
| It does not have to play out that way at all. | ||
| In fact, right now I would say it is not going to play out that way. | ||
| They are going to continue to stagger along and continue to resist. | ||
| And if we jump into this conflict, we are then going to face whatever retaliation. | ||
| They choose to deal out in the unconventional ways that they will choose. | ||
| Now, I'm no friend of the Ayatollahs. | ||
| They can all burn in hell as far as I'm concerned. | ||
| And I would love to see a democratic, free nation in Iran. | ||
| But it does not mean that's somehow magically going to happen. | ||
| Right now, I do not see the indications that that is getting ready to happen. | ||
| Yeah. | ||
| Finally, Sam, Sorry to put you on the hot spot with these questions. | ||
| And we do this in real time on The War Room. | ||
| But I completely agree, and I think Steve Bannon totally agrees, with the need for time and debate and rigorous analysis. | ||
| And a lot of people are pivoting very quickly and getting off the hardest questions. | ||
| Like, you know, young men and women are going to die. | ||
| If we drop bombs, our young men and women will die. | ||
| And that part is never covered, right? | ||
| Because that will shift a poll immediately. | ||
| And so on the polling, there's key distinctions out there between should we get rid of Israeli nukes? | ||
| That's favorable. | ||
| Who's we, though? | ||
| Okay, and then it goes to the next level. | ||
| Should we be in favor of regime change? | ||
| And there, there's less polling and less clarity. | ||
| And then there's never the question, should we sacrifice young American men and women for the sake of regime change in a foreign country? | ||
| And so if you can just kind of respond to some of those distinctions, our side, the analysis of war, it's just shocking. | ||
| I went out, as I said yesterday with you, and the analysis of war costs are all there. | ||
| The loss of lives for We're at war. | ||
| I mean, we're roughly getting involved here. | ||
| Patriotic, you are too. | ||
| I'm pro-Israel, you are too. | ||
| But these distinctions and moving toward the loss of American lives has really gotten me up at night. | ||
| And so, Sam, why don't you help us think that through? | ||
| Look, Dave, this is one of the things that occurs to me. | ||
| People talk all the time about the greatest generation and winning World War II, sailing into Tokyo Bay, all of that good stuff. | ||
| Okay. | ||
| What they talk about less is how long that greatest generation took to analyze and consider and discuss whether we would get involved in that war at all. | ||
| And then when we did go to war, they had a very concrete, deliberate plan to win that war with a full understanding of the costs. | ||
| They didn't just all of a sudden everybody get their hair on fire, run around in circles and rush into a conflict. | ||
| Yeah, if you're talking about going into this war, you're talking about a whole bunch of Americans dying. | ||
| And you are talking about the enemy having the capacity to hit back, including potentially on our soil. | ||
| And the same people that you and I both know, the same people that are screaming right now, we got to bomb something, man. | ||
| Are going to be the first ones to say when the dying starts, what the heck are we doing? | ||
| We need to get out. | ||
| Right. | ||
| Absolutely. | ||
| One minute left, Sam. | ||
| A lot of commentary and the arguments are just being utilized for rhetorical purposes. | ||
| What is the truth of the rest of the world coming in? | ||
| Turkey? | ||
| Around the horn, Russia, the loss of assets in China, and then India-Pakistan nuke threat. | ||
| About a minute to go. | ||
| Are they something we need to worry about, or are we exaggerating? | ||
| Well, look, nobody's going to help us. | ||
| Let's start with that. | ||
| You're going to be on your own, Austin and the Israelis. | ||
| In terms of unintended consequences and this thing spiraling out of control. | ||
| Always. | ||
| Read history. | ||
| That's how this happens. | ||
| A small conflict spirals out of control and afterwards it's too late to stop it. | ||
| Yeah, a lot of folks are dismissing, you know, Pakistan. | ||
| No, they're not weighing in. | ||
| Russia's not going to do anything. | ||
| They're weak. | ||
| They're in Ukraine. | ||
| Sam Faddis, thanks for being here. | ||
| The distinctions you provide after I ask the basic questions are stunningly relevant and solid and strong, and you're a gift to the country. | ||
| We thank you for your service and your patriotism. | ||
| How do people reach you, Sam? | ||
| How do people follow you? | ||
| Find us on the web by going to andmagazine.substack.com. | ||
| Yep, we appreciate you. | ||
| This is what America does need. | ||
| If your congressmen, women, and senators are not debating and having this debate in front of you, they should be. | ||
| That's their role. | ||
| They represent you. | ||
| Back in a minute. | ||
| All right, great day on the War Room, covering the war across all fronts, the domestic war. | ||
| The invasion of our country under the past administration, all political views are always my own. | ||
| 20 million illegal immigrants. | ||
| Some have the number much higher. | ||
| We just heard Camerata's report on the 1 million reduction in immigrants in four months. | ||
| That's some stunning data. | ||
| We had the riots in L.A. over the last few weeks, teeing up the left, making its last gasp. | ||
| We hope at their chase. | ||
| Now these numbers are going to confirm that they're losing steam instead of gaining steam. | ||
| We've got one of the nation's leaders on immigration with the Immigration Accountability Project, Rosemary Jenks, when I was in Congress. | ||
| She is a Harvard-trained thinker, but more important, she's got the courage of I don't know who. | ||
| When she goes after the Congress folks to keep them conscientious and truthful on their votes, there's no one stronger. | ||
| Rosemary, welcome to the War Room, and why don't you just take it over? | ||
| What's at stake right now in this country, and any news flashes you've got, please share them. | ||
| Rosemary Jenks. | ||
| Thank you, Dave. | ||
| As you noted, I co-founded the Immigration Accountability Project because we need a hard-hitting immigration organization that is willing to call out elected officials for the good, the bad, and the amnesty. | ||
| And unfortunately, there are too many we're having to call out for the amnesty part. | ||
| We are in an historic moment right now. | ||
| There is no question that, as Steve Camerata pointed out, illegal aliens are leaving this country. | ||
| And that is a great thing. | ||
| We have a long way to go. | ||
| And if we don't keep our foot on the gas pedal on deportations, they will stop leaving on their own. | ||
| If they believe that they can find a job, keep the job, and not get apprehended and deported, they will stay. | ||
| So we need deportations across the board. | ||
| We need worksite enforcement. | ||
| And I'll tell you... | ||
| But I think the L.A. riots showed them that they do not have control over these people. | ||
| These are violent Antifa and other criminals who are using the Democrats just as the Democrats are trying to use them. | ||
| And you saw this directly with Gavin Newsom and L.A. Mayor Karen Bass, who were all in favor of the protests. | ||
| They were supporting the protesters. | ||
| And then all of a sudden, when things got out of hand, they were trying to back away, but the damage was already done. | ||
| they are realizing they can't control these folks. | ||
| And so if they continue to encourage and incite these kinds of protests and riots, I think it will end badly for them anyway. | ||
| But, you know, the Trump administration is doing something that really has never been done before. | ||
| And, by the way, the Congress must pass the one big beautiful bill. | ||
| If only for the investment that it provides into immigration enforcement, without the money in that bill and the 10,000 extra ICE officers and the 100,000 extra detention beds, mass deportations cannot happen. | ||
| The administration is going to run out of money without that infusion. | ||
| Also, building the wall is important because, as we know from the last administration, there are very few policies that the president can put in place that can't be reversed by a future administration. | ||
| The wall is one of those things that can't be reversed. | ||
| Now, a new administration can screw it up, but they can't reverse it. | ||
| But as I mentioned at the beginning, we're already seeing Republicans, unfortunately, coming out of the closet. | ||
| To complain that their donors' workers are being deported and that, you know, the Trump administration needs to back off worksite enforcement and basically give amnesty to illegal workers. | ||
| And that is the absolute last thing that anyone should be talking about. | ||
| It is foolish of these Republicans to be doing this, especially now. | ||
| We haven't even begun with the mass deportations. | ||
| We're just getting started. | ||
| So, you know, back off. | ||
| Let's get the get the vast majority of these illegal aliens deported, as many as we can find. | ||
| And then let's have a conversation about what our labor needs are, because the fact is, We need to get these people back to work. | ||
| And what we saw at the Nebraska meatpacking plant that was raided a week or so ago was Americans lined up. | ||
| This is what we need. | ||
| This is the economic growth that we need, putting these Americans back in the labor market so they're not on welfare. | ||
| We don't have to pay for them if they're earning a living. | ||
| You know, this is what mass deportations can do for America. | ||
| And then we need to look at the legal immigration side as well, of course, because that's causing a lot of harm, especially with our American high-tech workers and STEM grads. | ||
| But one step at a time. | ||
| The mass deportations must continue. | ||
| And we had great news this week when President Trump reversed the policy of ICE to not go do worksite enforcement on farms and hotels and restaurants. | ||
|
unidentified
|
Right. | |
| That is fantastic news, and that is the only way we're going to get this done. | ||
| This was President Trump's biggest campaign promise, and we expect him to keep it. | ||
| Yeah. | ||
| Let me ask you this, Rosemary. | ||
| The American people—I ran on this thing 12 years ago. | ||
| Trump runs on it. | ||
| It's huge. | ||
| It's huge in the polling. | ||
| The American people want it. | ||
| It's still one of the number one issues. | ||
| And yet, it's very hard to get a tagline that sticks. | ||
| This Iran war, if one sailor dies, that's going to make international headlines. | ||
| Yet, when it comes to illegal immigration, maybe you can cover just gloss over the illegality or how did the Biden administration— I mean, they don't want amnesty. | ||
| They want open borders for everybody. | ||
| And the Marxist left wants to destroy our culture. | ||
| So maybe in the first place, just explain how in the world did the Biden administration pull this off? | ||
| Are there any criminal allegations in place to stop this so that we should have stopped in the first place as a Republican Congress and the senators we had? | ||
| And then on to the harms caused so that the American people get. | ||
| This is not just some. | ||
| I know some people, I like them, and we want cheap labor. | ||
| No, there's real risks here. | ||
| And Biden opened the border to who knows who from China, Iran, etc. | ||
| And so if you want to start there and then weave the logic out from that. | ||
| Yeah, so, I mean, it's truly ironic that the left is doing no-kings protests now, because for the last four years, Biden and his administration acted like kings. | ||
| The fact that they just ignored the law, they didn't even pretend to do otherwise. | ||
| I mean, Mayorkas lied about it on various occasions, but they just blatantly ignored the law. | ||
| They ignored their constitutional duty to protect and defend the United States of America. | ||
| America, and they actually purposefully, intentionally opened the borders and let in everyone who wanted to come. | ||
| And that means we have a hundred and some odd thousand illegal Chinese, military-age Chinese men here who came across the border illegally. | ||
| We don't even know who 2 million of them are. | ||
| There were at least 2 million gotaways. | ||
| So the potential damage and the just blatant disregard for the law of the last administration is astonishing. | ||
| And then you compare it to what the Trump administration is doing, and these people are talking about no kings. | ||
| It's just absurd. | ||
| The damage that illegal immigration has done to this country is generational. | ||
| I mean, the jobs at the entry level I mean, I, for all through high school and college, worked at a hotel, at a chain hotel. | ||
| Right now, the hotels are complaining because their illegal labor force is being removed. | ||
| Well, good! | ||
| because Americans need those jobs. | ||
| So if you can't get an entry level job as a teenager or young adult in this country, Howard How are you going to learn a work ethic? | ||
| How are you going to figure out, you know, how to, what, where, what you want to do for your career? | ||
| And then the housing affordability crisis, you know, there's no low income housing in this country available because we have. | ||
| All of these migrants and immigrants and whatever you want to call them, illegal aliens, who have, you know, gotten together in larger groups and rented single-family homes and so on. | ||
| The crime. | ||
| I mean, you know, we talk about Lake and Riley. | ||
| We talk about Jocelyn Nungary. | ||
| Those are just the tip of the iceberg. | ||
| It goes so much further. | ||
| The drunk drivers killing Americans and the rapes and the murders and the lighting people on fire in the New York City subway. | ||
| It just goes on and on and on. | ||
| Yes, Rosemary, one minute. | ||
| Give us how do folks contact you. | ||
| Folks support you. | ||
| But then in closing, why doesn't that stick? | ||
| 10 seconds. | ||
| All of this information, people know why doesn't it stick and then how do people get you? | ||
| 40 seconds. | ||
| It doesn't stick because Congress doesn't want it to. | ||
| It sticks with the American people. | ||
| The American people are with us overwhelmingly. | ||
| It's Congress who needs to get on board with this. | ||
| We are at IAProject.org. | ||
| IAProject.org is our website. | ||
| All of our social media is listed there. | ||
| And we would love to have everyone support IAProject.org. | ||
| All right, the American people do care. | ||
| We didn't even get to fentanyl, the deaths there. | ||
| If we lose one sailor, it's catastrophic. | ||
| We've lost a ton of our own children to this disaster from China. | ||
| Thank you for being with us. | ||
| Rosemary Jenks, back in a minute. | ||
|
unidentified
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Here's your host, Stephen K. Vann. | |
| you you All right, Dave Bratt sitting in for the great Stephen K. Bannon off on assignment. | ||
| He'll be back. | ||
| for the five and six shows. | ||
| Right now, we've abstracted from the economics, the debt, the anemic economic growth left to us by the past administration. | ||
| President Trump is putting in a lot of great stuff. | ||
| Hopefully he can negotiate a miracle and put this war issue behind us so we can get back to the economic issues. | ||
| So we have one of our sponsors that we want you to support. | ||
| Jillian Barbary is with us. | ||
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| And so, Jillian, thanks for being with us on The War Room. | ||
| Why don't you share what you have to offer? | ||
| Maybe your firm is done with debt. | ||
| 100%. | ||
| Go ahead, Jillian. | ||
| Thanks so much, Dave. | ||
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| But here's the thing, and Steve Bannon and I talk about it all the time. | ||
| Time is not on your side, right? | ||
| It's on their side. | ||
|
unidentified
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Penalties are going to add, add. | |
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| Why? | ||
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| Very good. | ||
| Outstanding. | ||
| Now, Jillian, we can hear the empathy. | ||
| You care about people. | ||
| You're trying to get them out of a hole. | ||
| Take action, folks. | ||
| You know, if you've been just sitting there for months doing nothing, that's not a solution. | ||
| So get with someone who cares about you. | ||
| You know the war room is always on your side. | ||
| Jillian, God bless you. | ||
| Thanks for being with us today. | ||
| Thanks so much, Dave. | ||
| God bless as well. | ||
| Thank you. | ||
| You bet. | ||
| Thank you very much. | ||
| All right. | ||
| Next up, we've got one of my friends from way back. | ||
| He's got a show called The Economic War Room. | ||
| I was out visiting him and Mike Carter is a great colleague out in Dallas. | ||
| They're well known around the country. | ||
| Kevin is a very humble Christian guy, but he was a very prominent financial expert years and years ago. | ||
| And now he's got a calling and he's got, I'm going to let him share with you, but he's basically He found in the Constitution a mechanism whereby he can make gold legal tender in the states. | ||
| And he's implemented it in several states. | ||
| And so, Kevin Freeman, my good friend, welcome to the War Room. | ||
| Why don't you share, folks? | ||
| And all this is on the back of the Fed, right? | ||
| I don't know if we'll have time to get into that. | ||
| But the Fed, you know where I stand on that and Steve on this show. | ||
| The inflation problems we've had. | ||
| Gold is a mechanism. | ||
| You always hear about birch gold on the show. | ||
| But we're not selling gold here, but this is a mechanism to make gold legal tender in the states. | ||
| Kevin Freeman, take it away. | ||
| Yeah, thanks, Dave. | ||
| It's an idea that's in the Constitution. | ||
| The founders left us. | ||
| They told us that a state can make nothing other than gold and silver coin tender. | ||
| For payment of debts. | ||
| And so we pulled that provision out. | ||
| We showed it to a number of states and we said, not only can you make it tender, but you can make it transactional. | ||
| And so the motive was in Arkansas, Florida, Missouri, Texas, Louisiana. | ||
| Pass these laws. | ||
| I mean, I wrote a book called Pirate Money, and within two years, they had laws passed in those states. | ||
| Signed by the Governor Sanders, she gave me the signing pin. | ||
| Signed by Governor DeSantis, he gave me the signing pin. | ||
| Thank me for bringing the idea, and then let me talk at his press conference. | ||
| Bottom line is, this is going to solve the wealth gap problem that's created by when we left the gold standard in 1971. | ||
| And Dave, you and I sat and talked on my show about since 1970, All the bad things that have happened when we left the gold standard. | ||
| I mean, household formation, number of babies, because basically it's created a wealth gap. | ||
| The rich can get richer off of inflation. | ||
| They can profit from it. | ||
| The rest of us just suffer. | ||
| So if we make gold and silver legal tender in the States, like the Constitution allows, we've started a movement where people can start transacting in gold and silver. | ||
| And they don't have to take a gold coin and shave off a few flakes of it and try and buy a cup of coffee. | ||
| It actually can be put vaulted in a vault and then spent with a debit card. | ||
| And this legislation will make it possible. | ||
| So I think the interest in gold is just going to shoot through the roof. | ||
| A lot of people don't buy gold because what will I do with it? | ||
| Well, you'll protect against inflation. | ||
| Now with these new laws, all the gold will benefit. | ||
| All the gold dealers will benefit. | ||
| It's a huge opportunity for Americans. | ||
| Yeah, we got a couple minutes more, Kevin. | ||
| Why don't you give folks a little of the history of the Fed and why this move is so crucial and why we should likely try to get rid of the Fed in the future because of the damage. | ||
| Explain the damage that inflation has done to the average American worker. | ||
| Well, let's just start with 100 years ago, you could buy a new car for $400. | ||
| If your great-grandfather put aside $20, $20 bills 100 years ago and left them for you and you opened up the envelope, you could barely buy tires for a used car. | ||
| But if he put aside 21-ounce gold pieces, which were worth $20 a piece then, that would be worth $67,000, $68,000 now. | ||
| You could still buy a new car. | ||
| Gold and silver held their value over time. | ||
| Just think five years ago. | ||
| Go back to 2020. | ||
| Think how inexpensive restaurants were compared to today, but in priced in gold, it's the same deal. | ||
| A house 50 years ago, a house 30 years ago, 20 years ago, priced in gold, hasn't gone up in cost. | ||
| In fact, it's gone down. | ||
| So because we have to hold our money in fiat currency produced by the Federal Reserve, we're forced to suffer the inflation every year. | ||
| And at minimum, the Federal Reserve, Jerome Powell will tell you, if inflation ever goes below 2%, we'll work hard to get it above 2%. | ||
| Yes, and I think he announced yesterday the CPE is 3, the target at the Fed. | ||
| It's insane. | ||
| Kevin, before I forgot, about a minute left, but give folks, you got a crucial ask. | ||
| You were humble about it. | ||
| You passed this through Florida. | ||
| DeSantis had a press conference for you. | ||
| This is in play. | ||
| DeSantis was excited about it. | ||
| Now in Texas, you got it through the House and the Senate. | ||
| What's the ask here for the war room posse? | ||
| What do you got to get? | ||
| The governor of Texas? | ||
| Call Governor Abbott and tell him to sign this bill. | ||
| If he doesn't sign it in three days, it becomes law. | ||
| If he vetoes it, you know, we've got to go back to the drawing board. | ||
| But call him. | ||
| Encourage him. | ||
| This is good for Texas. | ||
| This is good for America. | ||
| Call the governor's office and tell him, please, sign HB 1056. | ||
| And we know in three days. | ||
| I mean, it's the 22nd. | ||
| It becomes law if he doesn't sign it. | ||
| But we want him to sign it. | ||
| You got it. | ||
| How do people reach you, Kevin? | ||
| Economicwarroom.com. | ||
| You can sign up and get our free battle plans if you go there, and we'll send you one email a week that tells you what we're doing and what's going on and how to make a difference in your life economically. | ||
| All right. | ||
| Let's make gold legal tender in all the states. | ||
| It's a great movement. | ||
| Thanks for your work on it, Kevin. | ||
| Thanks for being with us. | ||
| Going to another one of Kevin and our friends, David Walsh on energy. | ||
| He didn't know what I'm going to ask him today. | ||
| So, David, I'm going to put you on the hot seat. | ||
| In addition to the China solar wind monopolies that our intelligence agencies have missed, what are the implications of this war? | ||
| I mean, I'll just give you a couple of hypotheticals that hopefully do not come to pass. | ||
| But you go to war, I've heard oil goes up 2x. | ||
| Straits of Hormuz get blocked by Iran. | ||
| Oil's up. | ||
| 300 percent, by some estimates. | ||
| If that happens, what happens to the Trump agenda, and in particular the Trump economic agenda? | ||
| Dave Walsh, thanks for being with us. | ||
| Well, Dave, thanks for having me. | ||
| That could happen. | ||
| Certainly would be a possibility of a protracted conflict. | ||
| But I have to tell you, I think Netanyahu has done a masterful job of eliminating most of the forward weapons through the Houthis, Hamas, and Hezbollah. | ||
| To actually prevent Iran from being effective at shutting down Hormuz, the Straits. | ||
| But should it happen, yeah, we'd probably have a doubling of the price per barrel. | ||
| Good news is the Trump administration has proceeded with drill baby drill offshore, removing federal permit barriers to that on land, federal lands. | ||
| We've got close to 14 million barrels a day production. | ||
| So we're back to number one in the world, which proves, again, the necessity of domestic self-dependence on oil and gas. | ||
| And as a major export product, we have got to get to use baby use of that gas for creating electric power generation. | ||
| We've got difficulty here with entire states, such as the one I'm in, Florida, with a $9 billion rate increase before the ratepayers, all about buying $7 billion more of Chinese solar panels and battery storage over the next four years. | ||
| So, you know, state by state, red states like this one are way into heavy, heavy dependence on China. | ||
| For, you know, the proxy state of China being Iran, but heavy dependence on them for electrification, which is a big, big problem. | ||
| That's going on in the background of all this. | ||
| We've got to, you know, but no, there could be an impact. | ||
| So far, we're up $10 a barrel on Brent crude in the last 14 days since June 10. It would be problematic, but their forward weapons to go ahead and execute on that have been limited severely now. | ||
| So the shutdown of the Hormone Straits. | ||
| Good, good. | ||
| Hey, Dave, we're going to bring you back more analysis on energy costs, just kind of what-if scenarios. | ||
| If oil went up 2x, what would be the implications for the U.S. economy, energy, oils, used in about everything we take for granted over time? | ||
| But now our intelligence failures are just myriad, right? | ||
| The Iran capabilities. | ||
| Change within a week. | ||
| Russia, Ukraine, China intelligence dropped for 30 years, according to Brad Thayer. | ||
| Back with Dave Walsh in the war room to explore oil, energy, and more. | ||
| Stay tuned after the break. | ||
|
unidentified
|
All right. | |
| Dave Brat, back in the war room with the great Dave Walsh, energy analyst. | ||
| We had Sam Faddis on earlier, the CIA analyst for defense. | ||
| And he pointed out, along with several other colonels we've had on lately, the Iranian airspace is dominated by Israel. | ||
| And thank God and Israel is our friend and we want them to be very successful and taking things out. | ||
| If the U.S. gets pulled into this war, But specifically, Sam and several other analysts have said that Iran still has over half the capacity with medium-long-range heavy bombs. | ||
| They've dropped the lighter stuff to try to jam up Israel. | ||
| I don't think the news is covering that properly. | ||
| We'll see if that's true or not. | ||
| If the U.S. even goes to the bunker-buster-type bombs, Sam said, guess what? | ||
| Iran will bomb back. | ||
| And that's no shocker to the analysts. | ||
| And so we have Dave Walsh on the show to analyze the consequences of, say that did happen, hypothetically, the price of oil went up 200% or 300%. | ||
| What would be the consequences to our economy of that kind of an event happening? | ||
| And thank God, I hope we don't get there. | ||
| I hope Donald Trump can put together the deal of the century or the millennium even. | ||
| But if that did happen, what would be the consequence to our energy sector and prices of oil? | ||
| Well, it would be a disaster, but such a disaster would occur because we allow Chevron and ExxonMobil to track prices with OPEC. | ||
| And that's one of the problems we've had for 50 years of not vigorously attacking the illegal cartel called OPEC. | ||
| We should have, over time, taken a more aggressive posture at having collective buying. | ||
| Ban the antitrust law application for the moment of time in dealing with OPEC over 50 years. | ||
| Kneecap it as China and Russia have kneecapped it. | ||
| And not let our oil and gas supply trickle up by a factor of two times because we have to pay homage to OPEC and allow it to continue to exist. | ||
| And don't do the smart things such as China has done and negotiated a bulk purchase of 2 million barrels a day at Brent crude minus 40 percent. | ||
| if we're willing to do things like that on collective bond It's a drill, baby drill, and opening up federal lands and so forth. | ||
| But yeah, there could be an interim impact that would affect Europe a lot more on oil supply through the Hormone Straits. | ||
| But also, this would end the Chinese dependence on Iran for a while, because that's the route that oil takes to get to China, the 2 million barrels a day that prop up the Iranian economy, $90 million a day, 2 million barrels at Brent Crude, minus 40 percent, the sweetheart deal they negotiated. | ||
| For their now forward proxy state, Iran, to take oil out of their 2 million barrels a day, 40 bucks now, 42 bucks a barrel based on present price is what the Chinese enjoy. | ||
| That would be cut off, too. | ||
| So I'm not handicapping at a high level that that would happen, but sure, it would unfortunately be devastating because we allow ExxonMobil and we allow Chevron to follow OPEC pricing, and they, of course, would take advantage of that. | ||
| And it's unfortunate. | ||
| There are things that can be done about that in antitrust space. | ||
| Yeah, well, that's why we have you here, Dave. | ||
| That's new for me, and we appreciate you coming on The War Room. | ||
| We're going to move over to Mike Lindell. | ||
| Dave, how do people reach you and follow your research and analysis? | ||
| Well, you can follow me on GetterTrueSocialNX at DaveWalshEnergy. | ||
| Thank you, Dave. | ||
| Awesome. | ||
| Yep, thank you, Dave. | ||
| Thanks for being with us. | ||
| All right, we're going back to Mike Lindell. | ||
| I had some great news yesterday. | ||
| For the folks who missed the show, you might want to review that, Mike, and then give us the deal of the day and any other updates you want. | ||
| We've got time today for our good friend who supports the War Room. | ||
| Thanks for being with us, Mike. | ||
| Well, thanks for having me on. | ||
| And yes, everybody in the war room, if you didn't hear the trial that you all helped support where we put all the stuff in our warehouse on sale for the war room posse, that was MyPillow won. | ||
| 100% vindicated. | ||
| We won. | ||
| The jury came back on Monday 100% vindicated. | ||
| And you guys can check out. | ||
| All the details at mypillowtrial.com. | ||
| That's mypillowtrial.com. | ||
| You guys, it was a huge win because we were the only ones that went with lawfare that happened back in 21, after the election of 2020, where they sued everybody, these machine companies and their affiliates, sued upwards of 100 people in platforms. | ||
| We're the only ones that haven't settled that their insurance companies said, oh, you better settle or, you know, we're going to go broke and they're afraid of going broke. | ||
| All this fear. | ||
| We didn't have any fear. | ||
| We went into it and we won. | ||
| And this is a huge breakthrough because now we're going to, all my teams across the country, remember, our ultimate goal is to get to paper ballots hand counted in our elections like 132 other countries do. | ||
| We will never stop fighting for that. | ||
| And we have, you're going to hear some stuff in the news about my pillow that they, you know. | ||
| That Mike Lindell was fined, or $2.3 million. | ||
| You guys, these are all going forward in appeals. | ||
| This is a whole separate issue than the MyPillow big win. | ||
| Jimmy Kimmel went on TV last night, or two nights ago, and bashed me in there. | ||
| So there's a lot of fake news out there, but the truth is, MyPillow, we are very happy and we are passing on our big sale to the war room posse. | ||
| We're going to call this the July... | ||
| And this sale is made in the USA. | ||
| And what we have is the pillows that we all make. | ||
| We've sold almost $85 million. | ||
| We're going to do a blowout sale exclusively for the War Room Posse. | ||
| $14.98 a pillow for the standards. | ||
| The queens and kings are under $20. | ||
| If you use that promo code WARROOM, if you go to the website, you guys, go to the website, scroll down. | ||
| And you'll see the Made in the USA crosses, the blowout sale. | ||
| This is a War Room exclusive. | ||
| All the kitchen towels. | ||
| The new sheet line is in as low as $24.98. | ||
| Promo code WARROOM. | ||
| There's the number, 800-873-1062. | ||
| We're celebrating with you, War Room Posse. | ||
| And my pillow and my employee-owned companies, my employees, thank you for helping us get through and coming out the other side. | ||
| Thanks, James. | ||
| Yep, you betcha, Mike. | ||
| Good news also, Mike, on Kash Patel and the FBI finding the China receipts on the 2020 election. | ||
| The war room's been on it forever. | ||
| Mike Lindell's been the tip of the spear. | ||
| There's more to come on that, right? | ||
| Oh yeah, absolutely. | ||
| As Steve Bannon says, where'd the 9 million votes go, right? | ||
| There's still a lot of explaining left to do. | ||
| So please support Mike Lindell. | ||
| I've called in there. | ||
| I've ordered his stuff. | ||
| He's got the best staff imaginable. | ||
| There are all a bunch of Minnesota nice Christians out that way. | ||
| And of course, Mike is one of them. | ||
| And so today, great show. | ||
| Steve Bannon's off on assignment. | ||
| Setting up the Judeo-Christian West for peace. | ||
| Back at the War Room with you tomorrow and the rest of the week. |
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