All Episodes
July 29, 2025 - Bannon's War Room
48:57
Episode 4666: Western Liberalism Is A Dying Star
Participants
Main voices
j
jim rickards
12:43
s
steve bannon
18:48
Appearances
d
david m drucker
01:49
e
ed luce
04:18
j
joe scarborough
01:18
s
sheila matthews
04:45
w
willie geist
01:00
Clips
c
chris hoar
00:37
j
jake tapper
00:10
j
james rickards
00:05
j
jonathan lemire
00:26
| Copy link to current segment

Speaker Time Text
unidentified
Police are saying this all started around 6.30 this evening.
They say Shane Tamura drove into Midtown Manhattan.
He drove his BMW, double parked that BMW on Park Avenue between 51st and 52nd.
They say Tamura got out of his BMW alone.
They're in Midtown.
In his right hand, Tamura had an M4 rifle.
He walked into the entrance of that building, Stephanie.
He walked in, turned to the right, and immediately opened fire on an NYPD police officer who is in full uniform.
Police say Tamura then shot a woman who was taking cover behind a pillar in the lobby.
Tamura then sprayed gunfire throughout the lobby before going to the elevator bank.
Now, as he waited for the elevator to arrive, we're told he shot a security guard who was taking cover behind a desk.
An elevator door then opened.
A woman walked out, and we're told police say Tamura allowed the woman to walk past him unharmed.
Tamura then got into the elevator, went to the 33rd floor.
That was Rudin management.
He then started firing rounds as he walked the 33rd floor.
One person was struck and killed there.
Police say Tamura then shot himself in the chest, taking his own life.
What do we know about Tamura?
We know Shane Tamura is 27 years old.
He is from Las Vegas, Nevada.
He drove cross-country to New York City.
Police say he also has a documented mental health history.
At this point, police say they have no motive.
The mayor is saying tonight, five innocent people were shot.
Four innocent people, including a police officer, were killed.
joe scarborough
Not only in America and the center left in America, what their problems are, but those problems, how they're duplicated in Britain and across the rest of Western Europe.
That is, first of all, they seem to be soulless, believe, don't know what they believe in, and secondly, they seem to be intolerant.
Walk us through those two.
ed luce
Yeah, this is a pattern that's very clearly Western-wide.
If you look at the malaise that's affecting, it's not just centre-left parties, it's center- and centre-right parties.
It's the sort of traditional parties of liberal democracy.
And I think it's best sort of exemplified by what Keir Stahmer's Labour Party is going through in Britain.
It's only been in power for a year, but it's in the doldrums and has been almost immediately after it took office, in spite of having won a massive majority.
Nigel Farage, the reform party that Donald Trump's friend Nigel Farage started, is surging in the polls.
And you're seeing something very similar in France with Marine Le Pen's far-right party there.
Macron, the French president, rock-bottom approval ratings.
The new government in Germany, the coalition government between the traditional Social Democrats and Christian Democrats, only in office a few months, is now behind in the polls to the AFD, the far-right German AFD party that J.D. Vance and Elon Musk and others keep boosting.
And of course, we have a populist in office here in the United States, but with Democrats not doing well.
And I think the pattern here is the left, the centrists don't really have much conviction about what they stand for.
You know, they cannot explain their stance on a bumper sticker.
And people like Farage, people like Trump, people like Le Pen can.
And so when the left is in office, the right surge.
But when the right is in office, the left don't surge.
So what I call the law of the political laws of hydraulics are broken there.
The left is not breaking through.
jonathan lemire
One of the sort of tenets of modern republicanism was this sort of just unabashed, complete support for Israel.
But we are seeing some phrase there in the MAGA coalition.
We have seen not just Steve Bannetized, but lawmakers suggest, this is too much.
And now we have President Trump showing real frustration.
The question is, per your reporting, Republicans you speak to, is that going to translate into action?
david m drucker
So I don't think it translates in the short term or even in the medium term to a lack of military and other aid for Israel.
I think the support for Israel in the Congress will remain strong.
But I think you have to look at two things.
And you referenced the MAGA movement, right?
President Trump, we know, just doesn't like bad headlines.
Regardless of how credible they are, regardless of what's behind them, he does not like them.
And that is likely to cause him to put some pressure on Benjamin Etanyahu, either to tell him, you better make the case that this isn't what everybody thinks it is, or you better clean it up.
The other thing, and we've talked about this in recent days, younger populist conservatives do not have the same affinity for Israel that rank-and-file Republicans do.
And I think Israel needs to be cognizant of that.
We talk a lot about younger progressives and how they feel about Israel and what that's doing inside the Democratic Party's coalition.
But younger populist conservatives coming up in the Republican Party don't feel about Israel the way Republicans have over the past 25, 30 years.
And that's something that the Netanyahu government has to be or should be aware of.
Finally, I would say what is very interesting here, there was once a very vibrant peace movement within Israeli politics, right?
There was a lot of support for a two-state solution, and there was a big split in Israeli politics over that.
After years of terrorist attacks, threats by Iran, that peace movement evaporated.
And Netanyahu, who has been in power so long in part because there has been such a focus by Israeli voters on security and no trust in any sort of peace movement.
So the fact that we're seeing voices within Israel speak up in the way that they are is a very significant development in Israeli politics.
willie geist
A man with a rifle entered a high-rise building during rush hour yesterday evening, killing a New York City police officer, as you heard there, and three civilians before fatally shooting himself.
Video shows a chaotic scene outside the Park Avenue skyscraper, which houses offices for major companies like the NFL and the investment firm Blackstone.
The lone gunman has been identified as 27-year-old Shane Devin Tamura from Las Vegas.
Police say he has a documented history of mental health problems.
According to officials familiar with the investigation, the suspect did leave a note at the scene of the shooting where he mentioned his mental illness may be linked to CTE from his years playing high school football.
Investigators are looking into whether that may be why he targeted the building, but they stress the investigation is early and ongoing.
Officials also say they found a cell phone at the scene, as well as a rifle case, magazines with ammunition, a loaded revolver, and medication prescribed to the suspect.
joe scarborough
Religions that are vibrant, that are expanding, those religions look for converts.
Those on the wane, those who are dying, they hunt heretics.
Talk about that and how that has defined the left for over a decade across the West and the consequences of that.
ed luce
So I think one of the things that's really blindsided a lot of us in the last few years is the surge of support for the right, for the populist right, amongst the young, particularly young men, but not just young men.
And the more I sort of look into this and talk to sort of anecdotally, but look at the data, the more I realize that they see themselves as being regulated, micro-regulated in their lives, what they can say, what they can think, how they express themselves.
They feel that the establishment is actually a liberal establishment and that it's kind of Victorian, you know, in that you've got people who are extremely privileged and well-off and older than them telling them what their etiquette should be and what their manners should be.
And this is a resentment we didn't see coming.
We saw the right as basically old people, people over 65.
Increasingly, it's young people.
And increasingly, it's people who feel economically their prospects are really not up to much.
But at the same time, they're being told that they're just behaving wrongly and have to watch how they behave for fear of being this is the primal scream of a dying regime.
steve bannon
Pray for our enemies because we're going to medieval on these people.
You're going to not get 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.
jake tapper
And where do people like that go to share the big lie?
Mega Media.
I wish in my soul, I wish that any of these people had a conscience.
steve bannon
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
Waru, here's your host, Stephen K. Battle.
steve bannon
It is Tuesday, 29 July in the Overlord 2025.
Make sure you take your number two pencil out and just mark down kind of a red letter day.
Why is that?
The most powerful.
This is not a rag like the Wall Street Journal.
This is the most powerful financial paper in the world because every key decision maker in the world, whether you're in Shanghai, whether you're in Jakarta, India, the Middle East, Western Europe, Buenos Aires, Washington, D.C., Los Angeles, Chicago, people that make decisions that make the world go in a certain direction read this paper every day.
And the leading columnist in that paper is Ed Luce.
We've had him on the show before in his book on Brzezinski.
Liberalism needs to rediscover its convictions.
That's kind of a bland headline on the front page.
But, and that's what he was on Morning Joe.
And if you didn't understand what he was saying, Morning Joe, about the politics of the laws or the laws of political hydraulics, right, let's just turn right here.
Western liberalism's waning star.
The Financial Times of London is a neocon neoliberal paper.
It is the Mac Daddy to its junior partner, The Wall Street Journal.
And essentially, intellectually, they just raised the white flag and said, in particularly his closing, we're going to have one more cut from that later.
He said, hey, this is not a bunch of old, angry white folks.
This is a rising generation of energy and commitment and dedication.
These are young people who have had their prospects stripped from them.
Maybe that is Bannon's people under 35 are nothing more than Russian serfs.
That crowd.
So Ed Luce today, Western liberalism's waning star, which is really saying, hey, when Obama or Biden are in office, or like Kieris Starmer's in office, Nigel Farage, boom, uses that time, builds his coalition, and rises like no one's ever risen before.
This is the way I had Nigel on yesterday.
Or, you know, out of power from 21 to 24, the war room posse will hammer and hammer and hammer and hammer and get ready for greater things ahead after we win.
He said the West, that's how it works.
Political hydraulics.
But when they're out of power, the Democratic Party doesn't do that.
The Liberal Party, the Progressive Party just kind of meanders, and they're meandering right now.
What they're meandering away from is the neoliberalism of Ed Luce and more traditional populism.
You're getting Mandami, etc.
In there, we had, I wanted to intercut my staff here, spectacular job in the crew in Denver, spectacular job on the cold open, kind of a mini masterpiece.
because interwoven in there was the shooting yesterday.
Sheila Matthews joins us.
Sheila, the reason I love you is that you're a prototypical war room.
Some person who had a thing was relatively obscure, but you keep hammering and you keep hammering and you say, Nobody's paying attention to this, but this is what it is.
You have said from day one, this is about mental health, but it's also about the drugs these kids are on.
And they never talk about that.
They can give you minute detail about the weapon.
They can give you minute detail about the ammunition that's used.
They can give you minute details.
My staff points out the mantra last night is that he double parked.
He double parked.
He double parked.
Like that means anything.
He double parked.
He double parked.
It's all totally irrelevant.
What is relevant here is what are these guys on?
What are these young men and now women on?
Sheila Matthews is going to join us.
We got Jim Rickards, Josh Hawley.
We're absolutely packed wall to wall.
And yes, we're putting the big spotlight now.
People are finally waking up, folks, to what's happening down in Texas.
Some bad stuff happened in Texas.
And Hakeem Jeffries going down tomorrow to claim a victory.
But the war room, I think, will get engaged here.
Make sure that we turn this thing around.
Okay, we got a great morning ahead.
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Short commercial break.
Sheila Matthews on the other side.
unidentified
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steve bannon
Okay, welcome.
Sister Matthews joins us.
Your theory of the case, since I first met you about this, and we've talked about this, I think, now for years, and it's quite obvious you're correct.
And the mainstream media, and nobody wants to discuss this because I monitor it.
It's time after time after time after time.
Make your case.
And this is epitomized yesterday where we know the gun, the ammo, the car is double parked.
The car is double parked.
We know all of it, except the key thing of actually what's sitting in, the evidence sitting in the car about what this young man's issues are, ma'am.
sheila matthews
Well, this, thank you, Steve, for having the little child on again.
This is all about mental health.
This is about access to somebody's mind.
We know, in fact, that the psychiatrist and the drugs are never mentioned.
What is all common in all these different mass killings is withholding of mental health records and withholding of the psychiatrist's name.
Now, we already know that they found a suicide note.
Now, we went through this with the manifesto in Tennessee.
We had to fight through that PR, a massive dis, I would say like, you know, it's like they want to divert us, right?
So the bottom line is, is that what we need is these psychiatric drugs and the psychiatrists.
They have a huge PR firm.
This is a massive behavioral health industry.
They know already who treated this guy.
So his name should be out there in front.
Plus, you and I worked on Robert Card in Maine.
Now, all of a sudden in the suicide note, they're saying that he had some kind of brain damage.
Okay, so this is a well-crafted marketing campaign by the behavioral health industry to divert away from their products and their services that are killing people basically right in front of us.
They are saying you are stupid.
The police are uneducated to follow the psychiatrists.
They just are killing our people right in front of us in malls, in restaurants, in schools, and they are burying this data.
Some of these hits are done financially to get more of the mental health money back in, and others are targeted hits.
But you can't ever see that because this industry is hiding behind a well-oiled relationship with the federal government.
steve bannon
No, no, no.
It makes total sense.
Why, is there anyone out there at any state level that's pressing this that we got to get in back?
Because I'll tell you, if, and we do it, we curate it so the audience doesn't have to.
CNN's bad, but if you watch MSNBC, it's shocking.
The entire thing is big pharma, and half of the big pharma ads are for depression.
And not just that, second and third tier drugs you should take for depression.
I mean, these people that watch, the people that watch MSBC are the most screwed up people in history, just given who the advertisers are trying to reach.
So this massive industry, this is the other side.
You got vaccines on one side, but this is their big cash cow, right?
And they're everywhere.
They're in every school, and particularly with young men.
Every young man's got a problem, right?
And we got to put drugs on it.
Is there anybody besides yourself at a state level that's trying to force the issue here that every time we have this, we got to get in back of who the psychiatrist is, who recommended the drugs, what's the cocktail of drugs he's taking?
Like today, we should know absolutely in that car.
They said he had his medications in the car.
We should know the medications At the same time, we learn what the ammo is because the medications are the ammo.
That's why these kids are doing it, right, ma'am?
sheila matthews
That's right.
And right now, we have major hearings in the FDA regarding these SSRIs on pregnant women.
And it was an amazing hearing last week.
So things are trying to come to, but it's taken 20 years, Steve.
And this is mass murder right in front of our eyes.
And on that label is the treating psychiatrist.
That guy should be brought out in front by the end of today.
You treated him.
You know him.
There's no HIPAA.
And this is the other thing.
They say we can't release this because of HIPAA.
That's a lie because HIPAA, it does not protect public safety issues.
This is a public safety issue.
So this goes beyond HIPAA.
So yes, this treating psychiatrist should, his name should be revealed by the end of the day.
And all MSNBC and all these other networks that are blaming it on being black or white or Republican, no, this is a human rights issue.
And this industry is operating behind the scenes and it is an enemy within.
I don't, you know, I can give you the receipts, but you know what?
We need hearings.
You know, we have a petition on our website, ablechild.org, that's asking for federal hearings into the link between psychiatric drugs and these mass shootings.
Let us bring experts.
Let us have this in front of the American people because we have evidence upon evidence.
I mean, look at Tennessee with this manifesto.
Remember how everybody was threatened that they couldn't read it?
Now they're stuffing it in the guy's pocket.
You know, we have to understand the power of these psychiatrists.
You know, the one in Sandy Hook, he was having sex with his patients, Dr. Paul Fox.
Abel Child revealed that.
There's so much about these mass shootings that nobody knows about.
And it's really a network of really sick psychiatrists that could be doing this to gain more money.
And we have the right to look at that.
This is not a crazy theory.
You just have to look at what happened yesterday.
They're not mentioning the name of the drug.
And then the psychiatrist gets to walk away.
I mean, with the one in Tennessee, I mean, how many courts are going to prevent us from getting this data, even with the vaccination attempt?
steve bannon
They're accessories to these acts.
They're accessories to these acts.
Sheila, where do people go?
I know you got another meeting.
You got to bounce to.
Where do they go?
Where do they get the petition?
Grace and Moe, let's get this thing out.
Let's really get as many signups as possible.
We'll make sure Bobby Kennedy and the guys over at HHS know about this.
Where do folks go, ma'am?
sheila matthews
Ablechild.org.
Ablechild.org.
The petition is right on the top.
Thank you so much for your eyes on this, Steve.
We really appreciate it.
steve bannon
You keep fighting.
Listen, it's very simple.
You were a Grundoon, right?
There's many people that come here the first time.
It's like, they sound pretty smart.
What are they talking about?
I've tracked this now every time with you, kind of behind the scenes, and she's right every single time.
Every single time.
And it's now time.
You got to out this.
This is ridiculous.
The drugs, the drug cocktails, and who authorizes?
The psychiatrists are doctors.
This is not some psychologist, you know, some theoretical guy who took poetry in college.
These are doctors, medical doctors.
They got to be held accountable for what's going on here.
Sheila, thank you so much.
Let's get everybody to your site today.
Are you on social media besides the website?
sheila matthews
Yeah, up on the right-hand side, you can see all our social media.
unidentified
We're on them all pretty much.
steve bannon
Thank you, ma'am.
We'll make sure this happens.
Brilliant.
Fantastic.
This is what this show is all about.
You give a platform to somebody, and they're on top of it, and they work their ass off.
Next thing you know, they're making huge national.
In fact, we're going to have Tiffany Justice on later, another perfect example.
Jim Rickards, brother.
So the front page of the Financial Times, let's leave aside Ed Luce's editorial.
It's all about the EU, the member nations, France and Berlin, are saying, what in the hell?
We didn't think we agreed to this.
What did she just do?
The IMF just upped, I think, the global growth rate.
We'll play another clip from Luce on the other side, but just your first take, President Trump, when we came out on Liberation Day, we were high-fiving.
It was like, you know, the liberation of working class people in the United States.
You know, the mainstream media and, of course, the Wall Street Journal looked down their nose and laughed at us.
Trump is on a roll, is he not, Brother Rickards?
jim rickards
Trump is definitely on a roll.
There are a couple issues, important ones, where I think you might be on the wrong track.
But in general, absolutely.
Certainly on trade, everything that Scott Besson has proposed, the three arrows, Peter Navarro and others on tariffs, Steve Moran on at least the beginnings, the Mar-a-Lago Accord.
He's getting good advice.
He's making very good decisions.
Yeah, he's on the roll.
The Democrats after the election didn't know why they lost, didn't know what to do next.
Now it's worse because, I mean, they were literally buried under the six months and going strong of success.
So that's absolutely right.
The IMF is a pretty bad forecasting record, but I always say you're entitled to your own opinions, but not your own facts.
And the facts are that the U.S. economy is doing better than a lot of expectations.
And when the IMF upgrades world growth, well, the United States is about 24%, it's about right, of the global economy.
So if the U.S. is doing well, it's going to bring the world along with it.
It's the so-called locomotive theory.
You know, the engine pulls the train.
So, yeah, it's great news.
steve bannon
We've got about a minute before we go to break.
They all dismissed his tariffs and trade.
No one stood up to him.
So we have 60% of the world's GDP and nobody.
They've all bent the knee.
Now we're obviously in Stockholm with the CCP.
Give me a minute on that before you go to break.
jim rickards
Yeah, we've said this before in your show, Steve, that everyone's like, yeah, Trump's radical.
He's tearing up the playbook on free trade.
He's putting all these tariffs in, et cetera.
That's nonsense.
The U.S. didn't even start down the free trade road until 1962, and it got worse.
From 1790, you know, Alexander Hamilton, George Washington to 1962, the U.S. was all about tariffs, tariffs, tariffs.
Some part of the Civil War was about the fact that the South didn't want tariffs because they were an exporter and the North did because they had manufacturing.
You know, William McKinley, Abraham Lincoln, John Quincy Adams, Henry Clay, they were all pro-tariffs all the way through.
And so all Trump is doing, and it's a big deal, but he's going back to what worked.
It was called the American system.
I call this American System 2.0.
But Trump's not doing something radical.
He's going back to what works.
steve bannon
Jim, hang on for one second.
We're going to take a short commercial break.
Jim Rickards on the other side.
The American system, which came out of Alexander Hamilton's reports on manufacturers.
Should be right up there with the Declaration of Independence.
Short break.
unidentified
Here's your host, Stephen K. Mann.
steve bannon
Welcome back.
Ed Luce.
Can we, I tell you what, I've got Rickards up here.
Before I want to pivot with this, let's play the last clip from Ed Luce, and then I'm going to have Jim Rickards jump in and give us his observations.
joe scarborough
Other than like the speech codes and the sort of political correctness and the belief by young males that they're being attacked by this left-wing establishment, you also brought up COVID and said that the left and the center left are fools if they ever look at another election again without looking back to the lessons of COVID.
Could you please explain that?
Because I think that's an extremely important part of this piece as well.
ed luce
And that really keys into the sort of young versus old thing.
Essentially, what we did was we imposed very strict rules, social distancing rules, sometimes lockdowns, that were there to protect the vulnerable, the older people, people with pre-existing conditions, diabetes, et cetera, at the expense of the young, not just of their schooling, but of their ability to socialize, their ability to live their lives.
And this is an absolutely sort of defining moment for anybody who is young.
COVID sort of marked their lives, pockmarked their lives, and I think gave them a view of the left and of regulation, not just the CDC and IH, but the establishment in general, that we are underestimating in terms of how jaundiced they feel about the world.
And so COVID is a seminal thing.
It's over, but it's not over.
steve bannon
Wow.
Amazing.
By the way, for my crack production team, I got to make sure I get, not our cold open, but let's get the entire Ed Luce segment on Morning Joe to Charlie Kirk and Jack Mesovic.
He's got to be a guest on Charlie Kirk's show.
Because that's Charlie's wheelhouse right there.
So, Jim, your assessment right there, it's the lead editorial.
He's the lead economist for the Financial Times.
The headline inside is essentially they're waving the white flag.
Western liberalism's waning star.
And he's saying we're the ones that have the energy.
We're the ones that have the idea.
We're the ones that have the grit and determination.
What I said on that PBS interview is kind of going viral.
We're battle-hardened.
We're not going to win everything, but we're never going to be defeated.
And the great news here is that is this not a bunch of old people?
Yes, we are the vanguard of this, but this movement is actually made up of young men.
It's also multiracial and multi-ethnic, right?
We have a huge Hispanic group coming now to the MAGA movement.
You have African-American men coming to the MAGA movement.
This coalition is building.
And Ed Luce and the smart folks on the progressive side, and particularly in the capital market side, are understanding there's a new day dawning.
Jim Rickards.
jim rickards
Yeah, Steve, I agree completely that Luce ran up the white flag and surrendered.
I agree with that.
But he doesn't know why.
It's like you lost the war, but you don't know why you lost the war.
He was talking in the earlier clip at the open.
He was talking about that, you know, younger people don't like older people, telling them what to do.
And he used the word etiquette, teaching them medically to etiquette as if this was about the right way to slice an unpeeled banana at a state dinner.
I mean, no, it's not about etiquette.
It's about lies.
It's about, and the whole thing about COVID, he said, well, they didn't like all the regulation.
Younger people didn't like the regulation.
But what about the fact that the regulation was unnecessary, that it was a lie, that it was based on false science?
So let's take the vaccines.
And by the way, I wrote a book in 20, it was one of the first books, bestseller on COVID.
It came out in early 2021.
And I was looking at Jay Bhattachara's research.
He's now the head director of National Institutes of Health.
But even then, he said, and I said in the book, this is not a vaccine.
This COVID vaccine is not a vaccine.
It's an experimental gene modification therapy.
That's how you can describe it.
It's not a vaccine.
It doesn't work.
In December 2022, 5 million people who were double vaccined and boosted got COVID.
Now, tell me that vaccine works, which again, it's not a vaccine.
Tell me it works when 5 million people double vaxed and boosted got COVID.
It doesn't work.
It never did.
Mask, the virus, this is an airborne respiratory virus, right?
It is like one five thousandth the size of the weave in the mask.
It goes right through a mask.
The masks do nothing.
Social distancing, that came, there was a late 19th century German scientist who said, you know, six feet for, you know, six feet apart.
He later said, I made that up.
I didn't really know what I was talking about.
Again, this is 130 years old.
They were pulling stuff like that out of thin air.
I still go into stores or even churches where they got these little stickers on the ground showing you how to stand six feet apart.
The point is, Luce makes it sound like we had a lot of regulation and a lot of rules and young people didn't like it.
But he leaves out the fact that the rules were made up.
They were not based on science.
They were lies and the vaccine is not a vaccine.
That's what the young people get.
That's what I said.
Everyone should get.
And I think the word is spreading now.
But the point is, it wasn't about old people putting regulation on it.
It was about regulations that don't work And lying about it and forcing it.
You know, I never wore a mask.
I had to be confronted by a cop.
Like, if a cop came up in an airport and said, put a mask on, I had one in my pocket.
But as soon as he left, I took it off.
And I never got the mRNA vaccines.
And I had to go to great lengths in four states to find a couple of vaccines that were not mRNA, that Janssen and one other, but they were impossible to find because the government was suppressing them.
So it's about a lot more than it's not etiquette and it's not regulation.
It's lies and kind of neo-fascism.
That's what younger people don't like.
So I agree he's running up the white flag, but even now he doesn't know why.
steve bannon
But see, this is why you have Mondami.
This is why you have the radicals in Texas.
The traditional Democratic Party, the kind of traditional liberalism or progressivism, they do not have an answer.
They've lost their energy.
They've lost their fight.
And what you see is a more radical, whether it's Crockett or AOC or Mendami, right, or what's happening down in Texas with Wu, you're seeing a more radical nature of it.
Now, given President Trump's on a roll and MAGA's on a roll, there are very big storm clouds on the horizon.
Was it Medviv?
These tweets that are going back, he's actually mocking Graham, and he's really mocking President Trump.
This whole thing with the Russians, because this is the big storm cloud.
Both Israel, what's happening in Gaza, what's happening still in Persia, the Middle East, but Ukraine, I think, is quickly going to DEF CON too.
Because President Trump has now told Putin, hey, I gave you 50 days, but upon further review, we're 10 days into it.
I'm going to give you another 10 or 12.
Your thoughts on all that, sir?
jim rickards
A couple things.
Putin is very reserved.
A couple things.
He does not shoot from the hip.
He gives things a lot of thought, very thoughtful.
His two sports are chess and martial arts.
So he's very much of a deep thinker.
But Medvedev is like the hitman.
He's the one who goes out.
Now, I'm not saying Medvedev's not telling the truth.
He is, but he's the guy who's kind of unleashed to be a lot more pointed and point to the fact that we're kind of heading for World War III.
And then you have Sergey Lavrov, who's the foreign minister who's like the only diplomat in the world who really understands his job.
He's from the old school and he knows how to do diplomacy.
So here's the thing.
Trump gave this 50-day, it's really an ultimatum.
By the way, ultimatum is not like some throwaway word.
In diplomacy and the art of war, ultimatum is, hey, if you don't do this, we're going to hit you.
We're going to strike in some way, usually militarily.
That's what an ultimatum is.
It's taken very seriously among diplomats.
50-day ultimatum.
What Trump doesn't understand, I think he's getting really bad advice from Kellogg, Rubio.
Wallace is still on the scene to some extent, and others.
I think I've said before, J.D. Bance and Hank South, I think, are the only ones who've got this right.
But he's being sucked into this war.
It's no longer Biden's war.
It's now Trump's war.
But Putin doesn't care.
I mean, hold on, hang on, hang on.
steve bannon
Hang on.
You've crossed the line of demarcation because this is what we're arguing.
This is still not his war.
You're saying we already crossed that line of demarcation.
We're arguing, hey, if you continue down this path, it's going to be your war.
But it doesn't have to be right now if we just walked away from the entire thing and said pocks on both your houses.
Jim Rickards.
jim rickards
Yeah, I think Putin, sorry, Trump crossed that line a couple of weeks ago when he said we are going to supply additional arms to Ukraine because there were no congressional appropriations coming and probably won't be, but he has some existing authority.
He said, we're going to keep supplying arms.
In my view, that's when he crossed the line.
All it does is continue the war, kills more Ukrainians.
Ukraine loses more territory.
So Trump gives this 50-day ultimatum.
Putin doesn't care.
The Russians don't work on a clock.
They don't work on anniversary dates.
They certainly don't respond to ultimata.
And that's what Medvedev was saying.
If anything, you accelerated the war because Putin says, well, something's going to happen in 50 days.
I better hurry up and take Parvovsk and get to the Niper River.
So I'm not sure that he hasn't killed more Ukrainians by laying an ultimatum down.
But now it's 10 days.
Putin doesn't care.
He's going to pursue the war.
It's the Russian way of war.
It's slow, methodical, and lethal.
And then Trump has stumbled into another, well, it's another blunder because what's going to happen when the 10 days are up?
What's he going to do?
Well, we have an idea, which is these so-called secondary tariffs on countries that do business with Russia.
So Russia's been sanctioned every way you can think of.
They've had 15 rounds of sanctions.
What are you going to do?
A 16th round?
You think that's going to make a difference?
It's not.
steve bannon
But hang on, but hang on.
jim rickards
Yeah.
steve bannon
We're still not over this Magnet situation.
He's got Besant in Stockholm trying to negotiate a deal.
The CCP deals, that and India are the last two big pieces.
He's got 60% of world GDP now, and he's on a roll.
All these deals work for us, big league.
He's got the big two to go.
India is going to be fine, but China is, he's got a narrow.
Why would he, in 10 days, say the biggest secondary sanctions will be on India and China, particularly with China, they're the biggest purchaser of oil and natural gas from Germany.
And this EU deal kind of cuts, to the extent it can, it kind of cuts Russia out of the energy markets for Germany and for the EU, doesn't it?
So if he does secondary sanctions, isn't he going to blow himself up on his CCP deal?
jim rickards
But that's exactly my point.
You're going to have to do one of two things.
You're either going to have to put on the secondary sanctions, and you're right, Steve, it's going to blow up the China negotiation and make things a lot worse, or not.
But if not, you give him an ultimatum and didn't do anything.
That means you were bluffing, and that's a sign of weakness, and that's going to cause problems down the road.
So Trump's now boxed himself in.
He has to do something, but the something is going to blow up the other big thing he's trying to accomplish, which is the China trade negotiation.
steve bannon
I mean, the fear is you don't think there will be any kind of bigger arms sales, arms shipments.
As you know, Moldova right Now, I think didn't let in a bunch of guys go into this make Europe a great again conference because it's becoming the center right now of NATO's, you know, the gathering storm of NATO wanting to get militarily involved in the Ukraine.
You don't think you're not concerned about a potential, you know, stepping up militarily here?
jim rickards
Well, I can tell you, Russia's not concerned, and here's why.
Every single weapons system that we sent them has failed.
My big takeaway from this, looking at it in a broader perspective, is there's nothing stopping Russia from going to the English Channel.
They're not going to, but they could.
That's how weak NATO is, and that's how weak the U.S. system is.
So let's just kind of go down the list very quickly.
Pymar's precision-gotted artillery.
The Russians hacked the GPS system, so those shells don't hit the target.
Bradley fighting vehicles burning on the battlefield.
Abrams tanks, Leopard tanks, Challenger tanks burning on the battlefield.
Patriot missile system cannot hit a hypersonic missile, and the Russians have hypersonic missiles.
We don't.
One by one, they've blown up the Patriot missile system, anti-missile systems, at a billion dollars a pop.
Why don't you hear about the F-16s?
We sent them the F-16s.
Took Biden two years to make up his mind.
We sent them the F-16.
Why don't you hear about them?
Because they get shot down by the Russian anti-aircraft batteries.
The point is, none of this stuff works.
It's all obsolete.
We're taking it out of inventory, by the way.
This is not new production.
So, which leaves a whole separate issue.
We have to rebuild the U.S. military from the ground up the way Reagan did, not by replicating these obsolete systems, but by getting new ones.
That's going to take five years or longer.
So the answer is, yeah, you can send them more weapons and they won't do any good.
steve bannon
Okay.
Jim, hang on for one second.
We're going to take a short commercial break.
Jim Rickards is with us.
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Strategic intelligence.
unidentified
Here's your host, Stephen K. Mann.
steve bannon
Okay, there's a story in, and if Grace and Moe can get it up today in, and I'll play that, pull the Eric Prince clip from last night.
So there's a big story up in Politico Day.
I'm quoted about the situation with Bibi and about, I just blunt, I say, hey, under 30 years old in MAGA, very little support for Israel.
And now even people that support Israel are sitting there going, what in the hell is going on here?
So we've been saying for months and months and months that the Tel Aviv Levin crowd is just burying Israel even more.
Yesterday, Trump on the world stage said, hey, it's starvation.
And, you know, that's cutting out, that's really taking Bibi's biggest tactic.
Let's be blunt and calling it what it is.
And says it's not going to tolerate.
In fact, it's getting us more, which I don't like, getting us even more drawn into that situation.
So records, militarily, you know, I had Lindsey Graham on Sunday show saying that Gaza is going to be like Berlin and Tokyo, although I think it looks worse than Dresden right now.
What are your thoughts?
What are President Trump's option here?
Because BB and these guys are going to use starvation.
They're going to do what they're going to do, and that's obvious.
And President Trump is now caught in, I think, potentially a quagmire.
Sir.
jim rickards
Well, I've studied every Arab-Israeli war or intifada since, well, since 1917, but this really started in 1870.
So this has been going on a long time.
The point is, Israel, and this is important to understand, Israel is utterly dependent on the United States.
Yes, they have advanced weapons, good technology, they mobilize the entire population, brave fighters, all true.
But at the end of the day, for ammunition, missiles, and other weapons systems, satellite intelligence, et cetera, they depend heavily on the United States.
So if the president wants to dictate a certain course of policy to Israel, they can do it and Israel better listen.
And Nixon and Kissinger did that very successfully in the 1973 war.
So you're right.
This is starvation, not just starvation.
It's also hospitals, medicine, medical treatment, et cetera.
Now, I agree with you, Steve.
We don't want, I mean, U.S. troops could deliver this, but we don't want U.S. troops in Gaza.
So they're going to have to basically tell Israel, either you do it, do it well, or we're going to start to cut you off.
And then that will get Netanyahu's attention, more than his attention, because he has his eye on the ball in terms of everything they're doing in Iran and with Houdis and Hezbollah and elsewhere.
It can be done.
It was a little, you know, go back about a year, maybe a little longer.
Remember when the situation in Gaza first deteriorated, the U.S. was going to supply them.
We built a dock.
There was this floating dock that we were going to build to create a port so we can get goods in there because there aren't too many natural ports in Gaza.
And it fell apart in a matter of weeks.
I think it was like a billion dollars or something.
And the thing, literally, first storm came, the dock fell apart.
So it didn't exactly inspire confidence in the U.S. ability to supply.
Then they said, well, we can't just parachute stuff in.
Well, you can, but the parachutes land, and Hamas takes it and gives it to their own people and doesn't really care about their citizens.
So it's going to be up to the IDF to do it.
But the only way to get them, and they're probably willing to do it, listen, they've been trying to get it.
steve bannon
Can the IDF, do you think, militarily take down the Muslim Brotherhood Hamas?
And I know you got this hostage situation.
It's very complicated, but do they have the military stroke right now to actually do it, sir?
jim rickards
In time, yes.
There were estimates vary, but there were about 40,000 Hamas fighters.
History shows you don't have to kill all 40,000.
If you kill 25 to 30,000, the rest just kind of falls apart, and they're somewhat down that road.
But that's independent of everything that's going on.
You have several million people in the civilian population, a ruined infrastructure, a lot more.
And look, Hamas puts missile launchers in hospitals.
So you want to take out the missile launcher, you're blowing up a hospital.
Food arrives, and Hamas takes it and gives it to their own people.
That's true, but that's not an excuse.
That just means you have to work harder and more intelligently to get stuff to the civilian population.
If you don't, Netanyahu will lose more support than he has already.
And he doesn't want to go down that road.
james rickards
The U.S. is the only power that can really dictate to Israel, and we should just do it.
steve bannon
Jim, Strategic Intelligence, where do People go to get access to your newsletter?
jim rickards
Yeah, thanks, Steve.
We have a landing page.
It's rickardswarroom.com.
That's rickardswarroom.com.
You can subscribe to Strategic Intelligence.
That's our flagship newsletter.
We put the most effort into it every month.
It's 8,000,000,009,000 words, and it covers all the topics.
And we really, what we say to subscribers is we keep you ahead of the curve.
Our track record on predictive analytics and telling you what's going to happen next, not regurgitating today's news, but telling you what's going to happen next is second to none.
So hope people have a look at that and subscribe.
steve bannon
Thank you, brother.
Appreciate you.
So Chris Horry reached out to you with, by the way, make sure you go over to Rickardsworm.com right now and check out Strategic Intelligence.
You get a free book.
Thank you, Jim Rickards.
Chris, Midtown Manhattan, I think it's, and I haven't had a chance to check the news, obviously, since the show started, but I think there's still a lot of confusion on how a guy walks in with a long gun and how he actually gets into an elevator bank, and that elevator bank takes him up in one of the most prestigious office spaces in all Midtown Manhattan.
You have, what, Blackstone, you got the National Football League, you got PMG, you got, you know, Loeb and Loeb, the legal firm.
It's kind of shocking.
One of the things is that you provide certain products that people, if they're thinking, particularly for their kids, right?
If you see every young person running out of that building, he's got a backpack on.
But tell me about the backpacks that you guys sell.
chris hoar
Well, see, we developed this exactly for what you were talking about there.
We developed a bulletproof backpack with Faraday pockets expressly to try and address these horrific mass shootings, particularly in schools.
You know, every parent's buying their kid a backpack anyway.
Why not buy one that can actually potentially save their life?
So we developed this in conjunction last year with some Navy SEAL friends of ours in California and law enforcement.
And we created a backpack that can really help save lives.
This is certified by the NIJ up to level 3A.
And it's an incredible piece of equipment.
steve bannon
It also has to be.
I want to develop this more as we get back because I think that epitomizes where we are as a society, right?
Where you think that, and this gets back to what Sheila Matthews is talking about at the beginning.
We got to get to the bottom of the mental health issues that are driven in many cases by these psychiatrists and the drugs.
Somebody texted me, one of the engine room people said one of the top schools in Manhattan, boys schools in Manhattan, I think the first and second graders, a third of the students were on ADHD drugs by the time they're in like first and second grade.
And then you get these situations where you actually have to, parents actually have to conceive of, hey, if I buy a backpack, maybe we should, honey, maybe we should get a bulletproof one.
What, you know, in the old days, it'd be like, what in the hell are you talking about?
And now is it actually logical?
Okay, Chris, stick around.
We got Senator Hawley.
chris hoar
We got Chris Hoare.
steve bannon
Terrible situation in Midtown Manhattan.
We'll get more into that.
Tiffany Justice with us.
Stick around.
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