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Aug. 7, 2025 - Bannon's War Room
40:57
WarRoom Battleground EP 824: Reality Of A Ceasefire Situation In Ukraine; Cutting The Bureaucratic Bloat
Participants
Main voices
b
ben harnwell
08:32
s
steve bannon
15:40
t
tom dans
06:17
Appearances
j
joe allen
04:07
p
phillip patrick
02:50
Clips
j
jake tapper
00:11
j
jessica jackson
00:34
| Copy link to current segment

Speaker Time Text
steve bannon
This is the primal scream of a dying regime.
Pray for our enemies.
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.
jake tapper
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.
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
War room.
Here's your host, Stephen K. Bannon.
Here's your host, Stephen K. Bannon.
steve bannon
Thursday, 7 August, Year of Alert 2025.
What a day.
Packed, packed, packed with news, major events.
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Ben Harnwell from Rome, our Rome Bureau, head of international for the world.
Something we have now talked about daily on this show since 22, March, February, March 2022.
And long before that, right?
You know, when the show first started, the show first started in, I think, late September, early October, either the 29th, 30th or 1st of October, around there, of 2019, about, wait for it, the impeachment.
Based upon what?
A perfect phone call to Zelensky.
How long have we struggled with this issue?
If you remember me from the days of Breitbart and Breitbart News Daily, the morning show that I hosted.
I had one in the evening, 7 to 10 in the evening on SiriusXM, first off on KBC out west, and then on Sirius, then Saturday mornings, 10 to 1, and then we went daily, so we were seven days a week.
People remember we talked about Russia a lot then and a potential Russian rapprochement as Obama and these guys were trying to demonize it and demonize it and demonize it.
Ben, you've got some pretty important news.
coming out of the White House, Russia, Ukraine, all of it.
Why don't you walk us through it?
ben harnwell
Steve, before I get there, I'm going to tell you it's going to take all the willpower in the world I possess not to allow myself to be distracted by your opening introduction there talking about the perfect phone call and the impeachment and the whole year of legislative agenda that was stolen by the corrupt Democrats from the president in the first term.
I'm not going to let myself get distracted by that because we have breaking news today.
However, however, that said, right, because we're talking about this every day, President Trump is in a prime position here, not just to end this war and bring it to a peaceful conclusion, but he's in a prime position now to insist that the papers related to the election,
That then Vice President Biden boasted about publicly, famously with the words, well, son of a bitch, when he gave the guy, gave the government the orders to fire him.
And he was fired, and then the money from the U.S. that Biden was holding up came through.
No congressional inquiry into that, by the way.
Let's have those papers...
President Trump is in a perfect position now to, you know, Zelensky didn't want to help the the first time out in that perfect phone call.
President Trump is in a perfect position now to legitimize and to restore, I think, the integrity of the first administration, which was so badly damaged by the Democrats.
And while we're at it, Steve, and you can see the willpower that I'm displaying, not allowing myself to get dragged into this subject today.
While we're on the subject, let's have those details about the biolabs.
President Trump is in a position to insist that President Zelensky release these things.
MAGO would be very satisfied, very happy finally to get these things out.
Okay, so you've seen my willpower, how I haven't been allowed, I've disciplined myself not to get distracted by those two issues.
Breaking news today, Steve.
This is it's coming out, it's changing hour by hour, but there appears to be the consensus.
All sides have agreed to a summit in the coming days between President Trump and President Putin.
This will obviously be the first time the two leaders have met since the, since Russia's invasion of Ukraine, and I think it builds on the incredible work that US Envoy Steve Whitkov has been doing.
He finished his third summit yesterday directly in talks with President Putin and Sergei Lavrov.
On the back of those final discussions yesterday, it appears that the terrain now finally is there to have the two leaders to sit down.
Zelenskyy obviously wanted to muscle into this.
The Kremlin said no, so this is going to be a bilateral at the moment.
Then we'll see.
I have to say that the actual facts on the ground behind this seem to be scarce and slightly contradictory.
First, it was put out that Putin had asked for this, and then the Kremlin said that Russia has acceded to this request, has granted this request for a meeting.
It is important to find out who actually pushed for the meeting to get some of the background here.
Steve, the reason I'm saying, even though the facts on the ground at the moment, and they're sort of changing and being refined hour by hour, are important, I have to say there is something going on here that I think this is serious in a way that I never truly bought into the earlier peace round talks that we've seen over the last three and a half years because the ingredients didn't really the ingredients didn't seem to be there I think they are there now and
something will happen I don't want to get ahead of myself obviously we're going to see how this maps out but I think the needle can move this time round as these two sit together if you give me thirty seconds Steve there is some background going on in Ukraine I think that will that will that will that will perhaps be part of the context behind these meetings.
The first is that a poll from Gallup, one of the most respected pollsters in the world, pushed out these results and Semaphore carried this analysis this morning that seven out of ten Ukrainians now want a negotiated deal with Russia.
Obviously, the reason is because they're fed up with being fed into the meat grinder.
The only thing to show for that is territorial losses.
There are also soundings coming out, Steve, that say really the Ukrainian front line could probably crumple in around three months or so's time.
So those things there are in the background of these forthcoming talks with regards to the viability of the Ukrainian position in the long term.
I will simply close with this and hand back to you on the fact.
that the Kiev Independent was reporting a couple of days ago that protests in Ukraine, not to do with the anti-corruption legislation this time, but protests against the centres, the drafting centres where people are being press ganged.
Thank you very much Denver for putting that up on the screen.
People are so frustrated with young guys being press ganged off the streets that they now had protests which sort of raided and entered these military drafting centres.
The Western press hasn't particularly carried that, but it does show the degree to which the war fatigue has set in now in Ukraine?
steve bannon
Well, you see this.
I mean, they just allowed, like you said, the 60-year-olds.
I mean, they have a massive manpower crisis.
And people, I think, this is one of the issues on the Western Front in World War II.
The guys that fought, particularly the British Army, fought all over from North Africa to Sicily to Italy, then Normandy.
When they saw the end of the thing in sight, when you can see the door, you kind of sit there and go, hey, you know, is my ticket going to get punched now or can I avoid this?
It's just human nature.
was an issue in in world war ii right the people that had fought for so long and were so This thing is just a grinder.
And I think you're seeing the Ukraine side.
The casualties are horrific here.
The Russian casualties are almost unbelievable.
But the Ukrainian civilian, and particularly the fact that parents from the beginning, and now they're really adamant about it, why are my sons and daughters going to get into this meat grinder with the Russians as they continue to grind?
when there can be some, there looks like there may be a ceasefire, there looks like there may be some peace deal.
And particularly when they're so desperate, they're allowing 60-year-olds, I don't think they're beingve got a battlefield advantage, how real do they think that Putin's coming if he's coming to the White House, they're coming to make a deal.
You don't come to the White House not to make a deal.
That's not what Trump, President Trump wants.
So how real do you think it is, Ben, that we would actually see either a ceasefire or some framework for peace in this area?
ben harnwell
Well, my age picks up when you suggest that this meeting will be held at the White House.
I haven't seen any press confirmations of the venue yet.
That has yet still to be announced.
The one country that I have seen referred to is the UAE, the United Arab Emirates is potentially hosting these discussions.
Obviously, if it's hosted in the White House, that sets us, you know, that, you know, the implication will be that President Trump will be there primed to push out what he's going to do.
Well, if he goes, he's going to be able to achieve what he's going to do.
steve bannon
Look, I don't know if you I don't know if you're going to have Trump go to I don't know if you have Trump go to the UAE, but even if it's some 30-party location, President Trump's not prepared to come and have it particularly at the level with him and Putin where they don't think that there's something they can't hammer out here, correct?
ben harnwell
Yeah.
I mean, both of them are.
are will want to aren't going to want to be invested in the hype of this imminent meeting if there's any possibility that it's going to end in diplomatic failure.
Neither of them, neither President Trump nor President Putin will want that, which is why I think Steve Whitcoff has done such an important role here over these sort of meetings that he's been having for meetings, as I was saying, directly with Putin and Sergei Lavrov, the foreign minister.
And I don't think Whitcoff is going to allow the president to enter that meeting either, President Trump that is., he's going to allow this meeting between the two heads of state to take place if it could rebound in any way badly on President Trump.
So if the meeting takes place, I think it's because all sides expect it to produce something positive.
steve bannon
Exactly.
So let's have President Trump drive.
We're going to have the situation in Armenia in the second half of the show.
So hang on for a second.
Let's bring in Tom Dance.
Tom, you're back from the Arctic Conference.
I wanted to get you on a day about to kind of talk about this meeting with Putin and President Trump.
The new gray game is shifting from places like Ukraine to the Arctic and this is part of our hemispheric defense give us some updates coming out of the conference particularly this is a great power struggle this is Russia this is the Chinese Communist Party and this is United States of America.
What coming out of that conference, do you feel more confident that people in the United States are understanding the importance of the Arctic as far as the defense of the United States of America, sir?
tom dans
I do certainly at the top level of MAGA from President Trump on down.
The key thing now is going to be to get the people who can actually implement these plans putting them into place.
One thing I think Steve Whitcoff has done exceptional work.
It's been what's just talking about with Russia, but we need to kind of realize that the US and Russia are neighbors, right?
We never really think about it that way, but we have a 1500 mile maritime boundary, right?
That's the second longest in the world between, except for Canada and Greenland, and I'm not counting Greenland as part of the US for these purposes, but at one point we're separated by two and a half miles between Big Diamede and Little Diamede Islands, right?
So what we need to do is focus more on our Arctic.
I think that's a key part of this conversation that's going to occur.
And we, and, you know, like we talked about in Alaska, the posse is ahead of the news here, right?
The other big pacing threat that we have is China, China and the Pacific, right?
We talked about the Aleutians and their, and their relevance as kind of a key, uh, first island chain, if you will, for the US and the gateway to the Arctic.
Well, just today we read not only one Chinese vessel, five Chinese vessels in a icebreakers in a Conga line heading up to the Arctic.
What's more, Russia and China together in the Pacific taking target practice on mock enemy submarines right blowing them up i wonder who that could be right so this is all going on in our pacific um we we need to you know secretary noam hats off she's going to be up in alaska next week commissioning a new icebreaker for our fleet it's actually uh it's actually anchor handling ship that's been repurposed key
it will it's it's going to be put into work that's a great first step we need to also get more active on these Aleutian islands and protect them remember we talked about at two and the American sacrifice there in World War two this is our westernmost point in the United States, a part of Alaska, only miles off the Russian coast of Kamchatka, but today abandoned with all the World War II infrastructure still in place.
We have ADAC Island that, you know, has a 22 million gallon fuel depot there.
It's shut down, right?
These were shut down by the Obama and the Clinton administrations.
We need to reactivate our Arctic.
Russia has ten bases across their Arctic and they keep going.
China is sending five research brig, you know, research vessels right past Alaska.
They're actually picking things up off the shore.
Remember, in the Aleutians, we have plenty of these rare earth minerals.
You can actually pick up scandium, which goes in our F-35s.
You can pick it up right on nodules off the seabed floor, right?
So you've got to kind of wonder what the Chinese are doing up there.
So, but we need to build more vessels that's in the way.
One big and beautiful bill gave us eight and a half billion to do that.
I think we're going to see some action here shortly from the DHS and the Coast Guard, which is great.
There's been a lot of noise about Canada and Finland, but I think we also have to look at other groups.
One of our partners in NATO, the Dutch, and one of their leading shipbuilders has probably built more icebreakers on the water in the last ten years, over a hundred that are in service around the globe, including the most sophisticated polar research vessels on the water, and that's in Australia, a ship called the New Yena.
So, and I understand they may be able to have vessels newly built on the water in 2027, which would be fantastic for the United States.
So all these things are coming together.
I think we have a fantastic team, President Trump, Secretary Rubio, Secretary Noam, they all get this.
Secretary Hexeth, Bridge Colby, obviously, but then you don't have America First people at the levels down.
You don't have an ambassador to Russia.
You don't have an ambassador to the Arctic.
You don't have a lot of the kind of from the DAS level up, under secretaries down, people who really understand Russia and do it.
Look, hey, the CIA started teaching me Russian as a seventh grader in a Baltimore public school.
I studied in the Soviet Union as an exchange tutor.
I spent thirty years over there doing business.
I like to think I have a little picture of the way they think, but we can't focus all the time on the eastern border of Ukraine.
I spent years over in Ukraine.
I was there for the Rose Revolution.
It's not Donetsk, Lugansk, Zaporizhzhia that's important.
It's our United States boundary.
It's our hemisphere where we have to focus.
steve bannon
We're going to bounce back really quick.
Give me a minute.
Go back to the five icebreakers, the CCP icebreakers.
Where are they coming from and where are they headed?
tom dans
They're steaming right up from China, different ports.
They've kind of been doodling around Alaska, our Aleutians, up in the Bering Sea, the Chukchi Sea.
They're kind of dividing up into the Bering Sea.
And, you know, they're going to be working up there.
We're not really clear where they're headed.
We have one of our, the Healy, our medium icebreakers up there on a tour.
And we've got our one last research vessel that's kind of on a tour up there.
But that's it from the U.S. Right.
Our Polar Star or other icebreakers, that only works half the year.
So the question is, we don't.
unidentified
don't know The answer.
steve bannon
Tom, social media.
Where do people go to get you your writings, everything on social media?
This is obviously for hemispheric defense.
Nothing could be more important.
I'm going to have Tom on back.
I think next week we're going to talk about Alaska as one of the most important strategic assets that the United States has.
Sir, where do people go?
tom dans
I'm at Tom Dan CFA on X. And if I may see if I want to give the posse a summer reading list assignment.
Great book.
If you're going on vacation, pick it up.
It's Hampton Sides.
It's in the Kingdom of Ice.
It talked about Wrangel Island and the discovery of the Long Islands.
Very pertinent to our discussions now with Russia and the Ark.
These are islands that today are controlled by Russia but were discovered by Americans with tremendous lives lost.
So really a fantastic heroic tale.
People will enjoy it.
We're talking about the 1880s here.
So in the Kingdom of Ice, reading assignment.
steve bannon
I will pull that up and make sure we see it's a fantastic book.
Hampton Sides, one of the great, great, great historians, popular historians, narrative historians, did a great job on Kit Carson in the West.
the Kearney, General Kearney, and of course, just incredible, incredible.
Tom Dance, thank you, and thank you for adding to the reading list.
Appreciate you.
Ben Harnwell, you got your work cut out for you.
As Dan says, hey, it's not that the Russian-speaking eastern border of Ukraine, that killing field.
Hopefully, President Trump, and if ever a guy deserved the Nobel Peace Prize, it's President Trump.
And you'll see that in the second half of the show.
We talk about Armenia and Azerbaijan.
But now the Arctic for the defense of the United States and our hemisphere.
Ben, where do they go to get your social media?
You're putting up great stuff all day long.
Where do folks go?
ben harnwell
On Geta, Steve, thanks very much under my profile at Hanro, which is simply my surname.
Look, if I just follow and conclude with what Tom Downs was saying, anyone listening to him will have reminded for them just the absolute disaster in America's interest perpetrated on America by President Biden and his administration.
Russia should never have been allowed to slip into China's clutches like this.
It should have been enticed into joining the Western political philosophical bloc.
And of course, Russia has, I think, 53% of the control to the access to the Arctic.
And China is pushing in, it's trying to muscle in there.
Even in the Arctic, there is a common line of alliance between the United States and Russia.
This is one thing you say, you mentioned that President Trump should get the Nobel Peace Prize.
I tell you what, I don't know what prize would be more important than the Nobel Peace Prize, but there should be a prize for President Trump if with his personal authority and charisma he is able to do something to bring President Putin and Russia back into the Western orbit ever so slightly and away from China, in which case the Nobel Peace Prize would be something to hold the door open with.
steve bannon
Ben, thank you.
I promise next week you and I are going to spend time.
We're going to go back to the perfect phone call and we're going to go back to that situation in Ukraine because you're absolutely, absolutely correct.
It stole at least a year of President Trump's presidency and that all that nonsense.
Ben Hornwell, thank you so much.
Great, great, great to have you on.
ben harnwell
Thanks, Steve.
God bless.
steve bannon
Very special guest about to join us.
We got it.
We got a cold open.
I've been waiting for her to come on.
Let's go ahead and play it.
unidentified
The supervised release stopped me and my siblings coming together to release my parents' ashes.
My two brothers and I spent almost 20 years in prison for a non-violent drug offense.
Both of our parents died while we were in prison.
It killed me and my brothers that we couldn't be there for them in their last days.
When we were free, all we wanted to do was spread their ashes together as a family.
But being on supervised release, we had to get permission to be around each other, even though we are brothers.
We hadn't seen each other in twenty years when my brother's probation officer denied the request.
We had no violations while supervision and no violence in our case, but we were not allowed to come together as a family to mourn and heal.
It was not just devastating, it was heartbreaking.
Supervision is supposed to help people rebuild, reconnect, and re-enter society, not keep families like ours apart.
steve bannon
Jessica, the timing of this couldn't be more perfect.
I went up to Danbury to collect my cellmate who finally got released.
44 years old, and I think he spent 18 or 20 years, something like that, in either state or federal prison on these kind of RICO charges of, you know, the distribution of drugs where they don't really find you selling drugs, but they get you in some sort of conspiracy.
And he's going to a halfway house, but then to supervise release.
Talk to me.
We got a couple minutes on this side, and then we'rell hold you through the break.
What is the purpose task and purpose of your organization, ma'am?
jessica jackson
Yes, so the Reform Alliance was founded in 2019 and our purpose is to transform probation, parole, supervised release.
We've been working all across the country, passed great bills, uh, twenty two of them in states like Georgia, Mississippi, Louisiana, Florida.
And now we're working on the federal system and coming to reform supervised release so that families don't have to go through what Duke Tanner there, who you just heard from, has gone through.
steve bannon
Hang on.
We're going to take a short commercial break.
Jessica Jackson joins us.
And she's one of the reformers.
And here's, I met her through the new team over Bureau of Prisons.
Jerry Kushner, Peter Navarre, myself are all kind of in an informal committee to help folks.
We've got a new reform group at BOP, the first time I think ever.
And Jessica is one of the people who are very involved in this.
And what she's talking about could not be more important.
this whole issue and concept of supervised release to get people back out into the community and get them productive again.
And so she's one of these great unheralded, unspoken about heroes that are really trying to reform our system of justice in the United States of America and nothing could be more MAGA I got to tell you President Trump's effort on the First Step Act absolutely heroic short commercial break Birch Gold understand that the dollar is under attack not just by the elites in this country but the de-dollarization effort by the Chinese
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Short break, back in a moment a moment.
jessica jackson
Phil America's Voice family, are you on Getter yet?
unidentified
No?
What are you waiting for?
steve bannon
It's free.
unidentified
It's uncensored and it's where all the biggest voices in conservative media are speaking out.
steve bannon
Download the Getter app right now.
It's totally free.
unidentified
It's where I put up exclusively all my content 24 hours a day.
steve bannon
If you want to know what Steve Bannon's thinking, go to Getter.
unidentified
That's right.
steve bannon
You can follow all of your favorites.
Steve Bannon, Charlie Kirk, Jack the Soviet.
unidentified
And so many more.
jake tapper
Download the Getter app now.
jessica jackson
Register for free and be part of the movement.
steve bannon
Okay, hold on, happen it down.
By the way, I'm up on Getter nonstop.
If you go to Getter, you can see exactly what we're talking thinking about in the war room before the show directly early in the morning or late at night 972 patriot patriot mobile stop giving you money to people that hate you go do the switch today you know what a great company it is you know what a great service it provides you know how they support the causes you support in fact if it wasn't for the team at patriot mobile we would be nowhere in this redistricting Corning's saying today that he's
had an assurance, I think from Cash Patel, that they're going to, FBI's going to assist local law enforcement in rounding up the Democrats.
Now, I don't know what that means because I'm not sure, local law enforcement in Illinois going to be rounding up these recalcitrant cowardly House Democrats but anyway the drama continues tomorrow morning I have a complete update I'll also be updating on Get her this evening after the show 972 Patriot make sure you go talk to a U.S. citizen right now that's working at their call centers Check it out.
Do it.
Make the switch today.
So Joe Allen, first of all, tell people the hallucinations thing is a very big deal.
Tell them what that means because hallucinations is one of the things that scares people the most about artificial intelligence, sir.
joe allen
Yeah, Steve, the hallucinations are basically the system simply lying to the user.
When an AI is asked a question, its job is to fill in an allotted amount of space with words, and oftentimes it will just veer off course and begin to invent things and present them with full authority.
When you look at some of the earlier models that GPT put out, some of the streamlined models, you would get as much as 18%, even up to like 40% plus hallucinations out of those models when they were doing the testing.
It doesn't mean every single interaction is going to produce that, just when they're doing the testing.
With the new model, with GPT-5, at least with the internal testing, they've reduced this dramatically, like 5x on the various benchmarks, so that 03, for instance, would hallucinate, say, 5% of the time on a specific benchmark.
Apparently, and again, we'll have to see over time, GPT-5 has reduced that to roughly 1%.
The reason it's really important, aside from accuracy in the models, is that if corporations are going to adopt this en masse, and they are, and if educational institutions and government agencies are going to adopt it.
There has to be a sense of trust that it's not just going to be spitting out invented facts or entire narratives.
steve bannon
But these are very, this is a very, this is a very thing.
You could go in and say, hey, I got migraine headaches and ask it, I need what are some cures?
What are, what are amazing cures or great cures for migraine headaches?
In hallucinations, the AI would come up with just make-up studies, make-up reports.
You could actually be taking poison.
You don't know it's hallucinating.
It was, it was doing things that people would do when they're on drugs or an LSD or whatever, just creating stuff out of thin air.
And a lot of people early on when these things are first released would take everything as the gospel truth.
It's quite now they've reduced it dramatically but it's quite far from being the gospel truth, correct?
joe allen
Yes, absolutely.
And again, these are internal tests.
So it's quite possible that the hallucinations are maybe even as bad as they ever were.
It's just going to take time for a large number of people to work through the system's outputs to see exactly how it's performing.
steve bannon
These massive models that require all these data centers and all this energy, and you know, these guys aren't even talking about climate change anymore because it's the rush to transhumanism, right?
To go past Homo sapiens.
You talked about a fifty percent increase in computing power, computing time.
Dude, in any other industry, that would be like jaw dropping.
Yet you kind of downplayed it.
Is it because other metrics mean more that they're compared to?
And that people are, I'm not saying it's a yawn, but it's kind of like, okay, but it's not everything.
And did they over-promote AGI?
Like people thought since they, as we said, hey, something must be happening the next 48 hours because they're talking about AGI a lot, sir.
joe allen
Yes, Steve.
I think you really hit it there that Sam Altman has really been out there for the last month kind of seeding this idea of an expert in every pocket seeding this notion of super intelligence as a goal, but maybe one that is right within the reach of the company.
That doesn't seem to be the case at all.
And that's one of the issues with overselling is that once something is actually presented, it better live up to something like that.
whole notion of transhumanism is, one hopes, a massive oversell.
But that adoption
And all of these investors have poured billions of dollars in under the assumption that something like the promise of AGI is going to be spat out the other end.
Right now, not so much.
But again, the really important thing isn't necessarily where it's at right now, but where it is going, what it's telling, what this release tells us about where it's going.
Just to mention one thing, Steve, you'd ask, like, are there other metrics?
There's one key test that a lot of people look to as essential to sussing out whether a general intelligence is emerging.
It's known as ArcAGI.
It was produced and developed by the team headed by Francois Chalet, if I'm pronouncing that French name correctly.
And the idea is a kind of puzzle, right?
You have a reasoning puzzle that shows certain patterns that the computer or human has to complete.
Groq, Groq 4 actually performs better apparently than GPT 5.
So you can, it's complicated, but you can see how on certain metrics, such as the time horizon, such as how efficiently or how quickly it can code, say, a two and a half hour long task, the reasoning capability falls behind.
But again, if everyone is adopting this, in some ways, all these statistics matter less than the fact that human beings en masse are simply turning to machines for better answers than humans.
steve bannon
Seven hundred million people a week.
Joellen, we got a bounce.
Where do people go to get all your content, brother?
Because it is cutting edge.
And there's no hallucinations.
Zero.
Where do you go, Seth?
joe allen
I certainly hope not, Steve.
You can find everything at JOE BOT XYZ, jobot.xyz, and I will see everybody in DC very shortly.
steve bannon
Thank you, brother.
Appreciate you.
joe allen
Thank you, Seth.
steve bannon
Phillip Patrick joins us.
Phillip, I had you on here.
I want to talk about the temporary governor at the Fed board, Steve Merriman, but I gotta ask you, I become more convinced of this every day, and I gotta, I've never asked you this, but I gotta throw it out.
The more we cover artificial intelligence, the more you see the crypto, the more you thank God for good old gold, don't you?
I mean, it is, it has a certain anchor.
to human experience, right?
And you've got all this, it's so hard to think through where artificial intelligence is going.
It's so hard.
We see the complexity of artificial intelligence.
You add CRISPR, you add all these other things on it.
I think gold is going to be more popular.
And I'm not predicting about a price, but I think it's going to be more popular or looked at by mankind as something that's absolutely stable as you go to all these cryptocurrencies and fiat currency turns, kind of turns into a digital fiat currency.
Your thoughts, sir?
phillip patrick
Yeah, I think you're absolutely correct.
And it is a frightening world we're heading into but even more than that gold throughout history has shown itself to be a safe haven asset.
It's a contrarian asset and it performs during tough times.
We're not seeing that with crypto.
We're seeing explosions there for sure.
What we don't understand with cryptocurrency is its relationships with other asset classes.
And at least for now, things like Bitcoin seem to be moving in lockstep with the Nasdaq.
What we're talking about here is a contrarian asset with thousands of years of history.
We understand how it moves in relation to other assets.
It's the opposite end of the spectrum.
I'm a gold guy and I will remain a gold guy.
steve bannon
I mean, it kind of makes.
sense because since we came off gold in what, 1971 with Nixon, you see the deterioration of these fiat currencies and the printing of these fiat currencies.
You almost think the human aspect, even the digital side is going to be the same.
This is why gold's always been, we say it's a hedge.
It's a kind of an anchor to windward, is it not?
phillip patrick
It's exactly it.
An anchor is the best word to use.
Listen, when we were on a gold standard, things like runaway inflation just didn't exist.
I mentioned last time I was on prior to the creation of the Federal Reserve, inflation averaged 0.4% a year since the Fed have gotten involved, cheap money juicing the markets.
We've created bubble after bubble after bubble, each one bigger and more perilous than the last.
So the evidence is there.
It is clear to see.
steve bannon
President Trump announced today, and it kind of makes sense.
You had this interim period of, I think, seven months, right, for a governor, but they still have to get confirmed.
And he picked Steve Mirren, right?
He keeps his job because you can be dual had it if you have a government job.
You can't have a private sector job.
So someone like Larry Kudlow would have been ruled out.
As you know, we've been very much pushing Judy Shelton.
Twofold, number one, because of what happened to her the first time, but really because I think it's very important, very important to have at least someone as a governor that actually, I think, not just understands gold, but makes the case for gold as a stabilizing influence in our currency.
Your thoughts, sir?
phillip patrick
I couldn't agree more.
And it goes deeper than that.
She's been a critic of central bank secrecy and unaccountability for years.
She has been, as you mentioned, an open defender of sound money.
She's floated the idea essentially of a modern gold standard.
She's talked about the Fed's balance sheet and I love the term that she used, a weapon of mass distortion, meaning she understands very well the dangers of easy money.
She's also, and I like this as well, she's skeptical of the Fed's dual mandate.
She said she wants to focus back on stable prices instead of chasing full employment.
And this is sort of a tricky point, right?
Because we're talking about people's jobs here.
But ultimately, it's been this sort of prioritizing of full employment that has led the Fed, in my mind.
to sort of stimulate and fuel these bubbles.
Look at the Bank of England as an example.
They have a dual mandate as well, but they prioritize stable prices.
So I think she's a very good pick for Fed chair.
Ultimately, the issues that we have at the moment would have been mitigated with sound monetary policy, and she's a believer in that.
I think it's gonna be a tough one though.
Wall Street and the globalist crowd And I think it's very important if we want to reshape the Fed and create more trust.
So if it was my pick, I pick Shelton as well for whatever it's worth.
steve bannon
Let's say this.
Wall Street, when War Room pushed it, Wall Street did not stand up and salute, okay?
They are not, the last thing they want is Judy Shelton in their life.
We're going to take a short conversation break.
So I'm going to ask Philip to stay over about how people can engage with Birchcole, because I think now more than ever, we're also going to talk about Lula.
You would think with the tariffs and everything President Trump is talking about and some of the sanctions on the judge, they'd be trying to calm it down.
He's not, he's actually talking about rallying the bricks now for a second wave of activity.
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