Sept. 27, 2025 - Bannon's War Room
48:13
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 to medieval on these people. | ||
|
unidentified
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You're going to not 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're trying to do everything in the world to stop that, but you're not going to stop it. | ||
| It's going to happen. | ||
|
unidentified
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And where do people like that go to share the big line? | |
| MAGA Media. | ||
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
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Ask yourself, what is my task and what is my purpose? | |
| If that answer is to save my country, this country will be saved. | ||
| Here's your host, Stephen K. Bannon. | ||
| It's Saturday, 27 September in the year of our Lord 2025. | ||
| President of the United States has authorized the Secretary, by a request from the Secretary of Homeland Security, Christy Noam, to direct the Secretary of War, Pete Hegseth, if we can get that up, the True Social, | ||
|
unidentified
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to send all necessary force into Portland, Oregon to immediately put down the Antifa, the Atifa raids against ICE and the federal facilities in Portland. | |
| At the same time, Jack Pesobic said at the opening of the show that Pam Bondi, the Justice Department, has authorized the opening up of the triggering of the coordination of the Joint Terrorism Task Force to go after Antifa and all its associates, | ||
| the transgender militias, the queer guns or armed queers of Salt Lake City and others leading up to also using the Georgia Terrorism Task Force tool set to go after the financiers, the media partners, the political partners, all of it. | ||
| This is why the Democratic Party is in complete absolute seizure. | ||
| And all weekend, all you're going to hear is about President Trump and how bad he is. | ||
| And so we dare you, Democratic Party, shut down the government for funding. | ||
|
unidentified
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If you want funding of illegal alien medical, it ain't going to happen. | |
| President Trump gave you a deal. | ||
|
unidentified
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The House plastic CR, either up or down. | |
| Take it or leave it. | ||
| And if you leave it, if you leave it, wait for the mass firings. | ||
|
unidentified
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Russ Vote's got a plan. | |
| This is called going on offense, folks. | ||
|
unidentified
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This is offense. | |
| In the courts, you're going to see Bolton indicted, I think, this week. | ||
| Maybe Big Tish James indicted. | ||
| They just made moves against Fonnie Willis. | ||
|
unidentified
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And you heard in the Cold Open. | |
| Well, nobody knows Fonnie Willis. | ||
| Look, lady, the warrant knows her well, and the War Room posse knows her better than that. | ||
|
unidentified
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So no, we're doing fine. | |
| Ben Harnwell, the one glitch in all this is, and I want to quote the Lavrov spokesman, Maria Zach Harova, her quote this morning, and this is about potential drones flying everywhere, people saying they're false flags and are Russians doing it, all of it. | ||
| A lot of confusion in the fog of war in Eastern Europe right now. | ||
| Her quote, and she's Lavrov's mouthspiece, the spokesman. | ||
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unidentified
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And when she speaks, it's Lavrov speaking. | |
| And when Lavrov speaks, it's Putin speaking. | ||
| And when Putin speaks, it's the KGB guys that run the deal over there. | ||
| And I want to give a quote: Never in modern times has Europe been so close to the start of World War III. | ||
| End quote. | ||
| It's like they watch the war room. | ||
| Ben Harnwell, your thoughts, sir. | ||
|
unidentified
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Well, Steve, I mean, this comes back to the point I was saying before the break. | |
| One of the things that is moving this up the escalator is the fact that everyone now thinks that America is going to be involved in one way or another in the defense of Europe. | ||
|
unidentified
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There are, look, with all due respect to Maria Zakharova, it is absolutely clear that Russia is instigating a lot of these provocations with the zone, the zone, the drone incursions into Poland and into Denmark over the Danish airports. | |
| And you have the Russian fighter planes coming in. | ||
| It happened this week. | ||
| I think they were seen off, escorted out by three Italian fighter planes that were there policing Estonia for the Estonians. | ||
| The reason why we're on the world of the cusp of World War III, and this isn't simply a territorial dispute, is because of the United States. | ||
| And as I was saying before, the break, NATO and the European leaders are acting with a swagger because they think America is now going to be coming to their defense because they don't have the economic means to keep this going. | ||
| That is why we're on the cusp of World War III. | ||
|
unidentified
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It's because of the ambiguity of the U.S. position. | |
| And, you know, you saw, you asked me about Mark Ruta, the Secretary General of NATO. | ||
| He sort of reiterated in the last couple of days the absolute viability of NATO forces shooting down both obviously the Russian drains, but also Russian jets. | ||
| So look, that's the situation. | ||
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unidentified
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And it's the fact that America is there. | |
| Is America going to come in? | ||
| When, let's go back to what I was saying at the beginning of my hit on the show today. | ||
|
unidentified
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Zelensky made it absolutely clear. | |
| It wasn't just that he had spoken to President Trump about getting some long-range missiles to attack the energy infrastructure deep into Russia. | ||
| That's not really, I think, what Zelensky was signaling. | ||
| He made it clear that he had President Trump's explicit authorization to do that. | ||
| That's the signal, if you will, Steve, rather than the noise. | ||
| He was making it absolutely clear to Russia that if he attacks deep into Russia, including, in Zelensky's own words, the attack striking the Kremlin, he would do that with President Trump's authorization, which he now claims to have. | ||
|
unidentified
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That's why, Steve, we're on the verge of World War III. | |
| In fact, no, I would add further, as you have said tightly, we are already in World War III. | ||
| The point now is to get ourselves out of it without this becoming even more kinetic. | ||
|
unidentified
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I'm going to talk to you about the economic warfare with Philip Patrick because, folks, we're getting very close to the point of no return here. | |
| And it's quite, quite, quite, quite serious. | ||
| At the exact time that Stephen Miller and others are talking about the sedition here in the United States, President Trump just ordered the Secretary of War, the U.S. Army, to go into Portland, Oregon with full force. | ||
| And as Jack Pisovic texted me, that is kind of going to be a shoot-to-kill order. | ||
| You watch. | ||
| This is as serious as it gets. | ||
| We're just sending, as we've argued for a long time, it's not going to stop until you make it stop. | ||
| And President Trump today is authorizing the Secretary of War to use all necessary force to put down the Antifa anti-ICE riots in Portland, Oregon. | ||
| That's where we've got to focus. | ||
|
unidentified
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Not in the Russian-speaking eastern provinces of Ukraine. | |
| Ben Harnwell, you're doing an amazing job on this, and particularly you got the buried lead in the Axios interview, where Zelensky accuses President Trump of giving him full authorization to do these strikes deep into Russia. | ||
| And now he wants Tomahawk missiles, the same Tomahawk missiles fired from those great Navy submarines that took out the operations of the Iranian, the Persian nuclear weapons program. | ||
| Yes, those Tomahawk missiles. | ||
| Ben, where do people go for your content, sir, over the weekend? | ||
| Steve, I'm on Get Us, my social media platform of choice. | ||
| Just tap in my surname, Han Well, and you'll find some pretty provocative posts at the top of my feed waiting for your attention. | ||
| Thanks, Steve. | ||
| God bless. | ||
| Thank you, sir. | ||
| Great work. | ||
| Sophia Georges is with us. | ||
| I want to pivot now to politics, ground game politics, because what's going to happen in New York, you think we got a revolution going on, a color revolution at the ballot box in November. | ||
| The city of New York is going to put up a mayor of the Global Financial Center, the global capital of the world, New York City, the greatest city in the United States of America, to a combination of Marxist and jihadists. | ||
| That's who's going to run the government, and they ain't never going to give it up when they get control. | ||
|
unidentified
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And this is brought to you by the elites in New York City who now are bending the knee to this guy. | |
| Sophia Georges came on here months ago and she said, hey, I'm running for a town council in New Jersey, but I see what's happening, the ground truth, because I'm a real estate. | ||
| I have a real estate business. | ||
| And affordability is key. | ||
| What does she say? | ||
| Affordability in housing and the electrical bills. | ||
| And right now, we have a race in New Jersey, in blue, New Jersey, that Scott Presser and others are trying to make into purple New Jersey, where it's basically a dead heat for the governorship. | ||
| So I got Dave Walsh and Sophia. | ||
| Sophia, tell us, you called it months and months ago. | ||
| You said this thing's going to come down to affordability, which is what the Marxist jihadists are using as a cover in New York City. | ||
| But you said two things, Steve, the affordability crisis in housing and the electrical bills. | ||
| Why is this race a dead heat right now in New Jersey, ma'am? | ||
| Yep. | ||
| Thank you for having me, Steve. | ||
| Yes, affordability in housing. | ||
| I saw it coming months ago. | ||
| People were suffering. | ||
| I mean, people, we started seeing a decrease in the qualifications for them to afford a home. | ||
|
unidentified
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I was seeing more and more people in multi-generational households. | |
| I was seeing young adults just coming out of school with great paying jobs, but still could not afford a home. | ||
| And now we're seeing families as I'm knocking on doors here in Franklin Township, Somerset County, who say, hey, I have a modest size home and I'm paying $900 a month in utility bills. | ||
| And this is becoming unsustainable for families. | ||
| As I knock on doors here in Franklin Township, Steve, doesn't matter if you're a Republican, an Independent, or a Democrat. | ||
| People are feeling the pinch of the day-to-day grind of sustaining their household. | ||
|
unidentified
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And now their eyes are wide open. | |
| Every year for the last eight years of this Democratic Murphy administration, they've been taking an inch. | ||
| And this year, they've taken a mile. | ||
| And I think people are now starting to really pay attention. | ||
| And I'm seeing it here as a microcosm in my town of what's happening in the state. | ||
| And that is, like you said, translating into the statewide polls that we're seeing now. | ||
| Sophia, hang on for one second. | ||
| I want to bring in Dave Walsh. | ||
| Dave, you have been preaching this for a while. | ||
|
unidentified
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And now I've got an article about Pennsylvania. | |
| We got a huge team up at the Penn State Oregon game today in Pennsylvania. | ||
| Real Claire Weier is saying, basically agreeing with you, that the midterm elections in Pennsylvania, they say it's going to come down to the electrical bills. | ||
| What is going on in New Jersey, in Pennsylvania? | ||
|
unidentified
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Pennsylvania is the Saudi Arabia natural gas. | |
| What is the problem in New Jersey? | ||
| Pennsylvania, everywhere, that these electrical bills are exploding on people. | ||
| Sophia just said, people say, I got a modest-sized house. | ||
| I got 900 bucks a month in utility bills. | ||
| People can't live like that. | ||
| You can't afford almost $1,000 a month for utilities. | ||
| Dave Walsh. | ||
|
unidentified
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Well, see, we've had in PJM, which includes Pennsylvania, New Jersey, Maryland, Delaware, other states, Virginia, Eastern Ohio, PJM, that grid of the U.S., we have now seven years to eight years of zero baseload construction of power plants, of any new power plants. | |
| We've had the power plants that matter, ones that run on natural gas or coal. | ||
| What we have had is the shutdown during that time period of many, many more hundreds of power plants that run on coal, some on oil, along with the non-building of baseload combined cycle plants and the endeavor to replace that with four hour a day, five hour a day, solar, and seven hour a day in some markets win. | ||
| That doesn't work. | ||
| That creates a massive shortage. | ||
|
unidentified
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In addition to that, just now in the last year and a half, we've had this performative, I call it performative because it hasn't really happened yet, AI boom. | |
| AI and server centers are a big deal already. | ||
| Server centers in Northern Virginia, AI is announcing a number of projects across PJM where they, and some companies are now building their own capacity. | ||
| Others are stealing capacity, such as Google just bought two dams on the Susquehanna, 700 megawatts worth of hydropower that they're now claiming they're going to be green. | ||
| But that power's been there in supporting the grid and the average ratepayer for 60 years, the 700 megawatts they're acquiring to support another AI facility that they're building. | ||
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unidentified
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So you've got this nexus of the shortage to begin with of baseload electricity that's caused rates to escalate rapidly along with all the announcements of the build out of more AI and data centers up there. | |
| So you've got a fight between the average ratepayer, which is compromised by this, where Microsoft, Google, Facebook can afford to pay a lot more and have utilities wait around in the background for the gas turbines they've purchased for their use and not the average ratepayer. | ||
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unidentified
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Let me ask you, we've talked about Germany deindustrializing around this bizarre theory of net carbon zero. | |
| Ohio, Pennsylvania, New Jersey, Maryland, that part of Virginia. | ||
| Did that, when he said nothing added to the grid just taken off, for all this whack job stuff on solar, was this the same theory of the case? | ||
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unidentified
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Are they going, are they really, with everything else going on, trying to go to a net carbon zero and the ratepayers in the citizens of New Jersey are bearing the brunt of this? | |
| Dave, I'll tell you what, hold the answer. | ||
| Hang on for a second. | ||
| We're going to go to break. | ||
| I don't have enough time for a good answer. | ||
| We're going to come back to Dave Walsh, Sophia. | ||
| Sophia, who called this months ago, she said, hey, this is going to come down to affordability. | ||
| It's going to come down to real estate prices, affordability in housing, and electrical and utilities. | ||
| And I'm telling you, it's a dead heat in New Jersey. | ||
| And that is a major, major, major potential pickup for MAGA. | ||
|
unidentified
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Short commercial break. | |
| We're going to return to New Jersey in a moment. | ||
| Here's your host, Stephen K. Bannon. | ||
| Ohio, Pennsylvania, New Jersey, Maryland, Virginia. | ||
|
unidentified
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And remember, Pennsylvania is the Saudi Arabia of natural gas. | |
| Did the officials there and these public utilities, all this, did they do the same thing the German elites did in basically deindustrializing through this bizarro theory of net carbon zero, Dave Walsh? | ||
| They did exactly the same thing. | ||
| They've been doing it for about 10 years. | ||
| PJM has destructed huge amounts of coal and nuclear power, baseload power, shut down plants, shuttered them permanently, and attempted to displace them. | ||
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unidentified
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More recently, in the last seven years, with solar power that runs only about four and a half hours a day up there in wind power. | |
| This doesn't work. | ||
| This has created a huge net electrification shortage, compounded now by AI coming on stream in the last year and a half with a lot of announcements of wanting to build massive new capacity up there that takes huge amounts of more electrification demand by them off the system. | ||
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unidentified
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We had nationally, because of all this solar and wind growth, we had only 0.4% growth over the whole six-year period from 2020 to 2025, the whole six-year period, 0.4% growth in national electrification. | |
| Well, demand last year alone grew 2.9%, and now it's forecast to grow 4.5%, 5% over the next solar and wind that run part-time now. | ||
| Because the AI is going to kick in and it's going to go back to the average citizen to pay for it with these data centers. | ||
| Dave, hang on for one second. | ||
| Sophia, Sophia, you told us four or five months ago this race is going to come down and the Republicans are going to win because they're going to come down to affordability on housing and the electrical bills. | ||
| You were talking about the electrical bills when nobody else talked about it. | ||
| And I said, hey, she's a sweet kid. | ||
| It's her first time in politics, but it's all coming true. | ||
|
unidentified
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But how do you know that? | |
| What are you doing that gives you the ground truth that this is where this New Jersey race is going to come down to, ma'am? | ||
| All right. | ||
| Well, I'm getting out there and talking to the people right here in Franklin Township. | ||
| Somerset, I knock on everybody's doors, Steve. | ||
| I knock on Republicans, Independents, Democrats. | ||
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unidentified
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And particularly when I knock on the Democrats' doors, the first thing I say to them is, have you checked your property tax bills? | |
| They say, yes, I did. | ||
| And I'm a lifelong Democrat. | ||
| I voted Democrat. | ||
| But this year, I am not voting Democrat. | ||
| And when I hear that, it was a light bulb went off saying, you know, it's all going to come down to affordability. | ||
| There's two things that's really affected the affordability here in Franklin Township, which is a microcosm, like I said, for the state, what's going on. | ||
| And that is true, fair, and transparent property tax assessments on the homes and also these bloated budgets. | ||
| Right here in Franklin, we saw a 16.6, 16.6% average increase, and that's their numbers. | ||
| I believe it's even higher in assessments. | ||
| The year-to-date values of assessments in Franklin Township have only gone up 5.7%, according to the Real Estate Commission. | ||
|
unidentified
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Where is that 16.6% coming from? | |
| Well, then that brings us to the budgets. | ||
| They thought that homeowners would think that the property taxes have gone up because of the crazy real estate market with these home prices. | ||
| But it's really the budget, Steve. | ||
|
unidentified
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In New Jersey, they've seen a 70% increase in this budget, which I know in the current race is a hot topic that we're going to try to reduce that. | |
| Here in Franklin, we have a $73.9 million budget with an almost $20 million cushion. | ||
| That's almost a 20% difference. | ||
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unidentified
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And the first thing we need to do is look at where is that money going? | |
| There's never been a clear answer. | ||
| So that's one place that we can attack the budget to help bring relief to some of our homeowners. | ||
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unidentified
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And also these assessments, we need to make sure that they're true, honest, and open because it's not only about our assessments, you know, this crazy real estate market. | |
| This is about grabbing money to fund projects such as the Board of Education, which just makes up 61% of these property taxes. | ||
| So there's laws that were in place to cap that value, but they've exceeded it this year, $11 million exceeded in Franklin Township. | ||
| Sophie, where do they go? | ||
| I'll have you back on next week because it's a dead heat in New Jersey across the board. | ||
| Where do people go to get your campaign information and find out more about what's happening in New Jersey? | ||
| Okay. | ||
| You can go to ftgop.org to learn all about these hot topics we just talked about and more for the campaign that's going on. | ||
| You can reach me at my website, realsafyrealestate.com. | ||
| All my handles are there. | ||
| I post things about this too. | ||
|
unidentified
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I do a lot of social media, so I keep everybody informed. | |
| But please pay attention to these local elections. | ||
| We can only win this if people do come out to vote. | ||
| We have vote by mail going on right now. | ||
|
unidentified
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Early voting starts October the 25th. | |
| Of course, election day is November 4th, but we need people to come out. | ||
| We need our independents. | ||
| We need our Democrats and, of course, our Republicans to all come out because I think these issues are a common concern. | ||
| And I think people will come out in the droves and finally vote for us to make changes. | ||
| Thank you, man. | ||
| Dave, about these electoral issues. | ||
| I know you're putting up stuff on Dave Walsh Energy. | ||
| Where do people go? | ||
| Well, I'm on the True Social X and Getter on the topic. | ||
| I've been speaking around Florida on this topic. | ||
| I've met 17 Republican groups talking about the issues with this. | ||
|
unidentified
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People paying rapid attention to it. | |
| Very, very animated in their disgust for this happening here as well. | ||
| The same devotion to solar power over baseload conventional gas power is ruining electricity costs here in Maryland, in New Jersey. | ||
| 10 years' worth of these policies by the Democrats up there have not worked. | ||
| And President Trump couldn't be more adamant that he doesn't support any of this, and it's outrageous. | ||
| One more time, where do they go? | ||
| Where's Dave Walsh Energy? | ||
| Where do we get it? | ||
| On Getter, True Social, and X, Steve, Dave Walsh Energy. | ||
| Thank you. | ||
| Thank you, brother. | ||
| Affordability, New Jersey. | ||
| Today, by the way, the Bray folks in California will have more of this Monday and Tuesday. | ||
| They're canvassing today. | ||
| This redistricting is in the balance. | ||
| Charlie Munger's son's putting in $40 or $50 million. | ||
|
unidentified
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I'm telling you, I think the polling show is at 51% right now, which is not where the Democrats need to be. | |
| That's going to be a brawl out there. | ||
| You're seeing a brawl in New Jersey. | ||
| So there's a lot of life in this affordability issue, which they're using falsely in New York for Marxist jihadists to steal that city is real. | ||
| And it's going to be a huge thing in the midterms. | ||
| Josh Pettit, we got you up here, brother. | ||
| Quickly, I wanted to have more time. | ||
| We don't have it. | ||
| President Trump went to Beth Page yesterday, absolutely had the time of his life. | ||
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unidentified
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Just talk to us about the reason it's important is that course is open to the public. | |
| What does that mean? | ||
| And why is this course so revered, sir? | ||
| Yeah, Steve, very quickly, let me connect some dots and point out the importance of why of how important it was that President Trump attended the Writer Cup yesterday. | ||
| I have my weekend edition of your beloved FT, and just below the Comey story, the headline, first U.S. president to attend the Writer Cup in nearly 100-year history. | ||
|
unidentified
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And I think for President Trump, this was very much a full-circle moment, having been exiled from the world of golf, which he committed so much of his life to and loves so dearly. | |
| The Ryder Cup is one of the biggest events in all of golf and all of sport, really, and it's managed by the PGA of America. | ||
| And the PGA of America is the same body that contracted with the Trump organization to host what would have been the 2022 PGA championship at his course at Bedminster. | ||
| And that was pulled after the Stolen election in January 6th. | ||
| So for him to return, it was like, you know, and he had his event from Durow pulled from the PGA Tour. | ||
| And as we've talked about, Turnberry, that venue has been pulled from the Open Rota. | ||
| So he was very much persona non-grata in the world of golf. | ||
| And to come in yesterday like Charlemagne, I think it was a very special moment for him. | ||
| And to do it in his own backyard in New York at the People's Golf Course. | ||
| Beth Page Black has this great history. | ||
| It was built in the mid-30s. | ||
| It was a WPA project. | ||
| It's always been public. | ||
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unidentified
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It's public state park, actually run by the Long Island Parks Commission. | |
| And there's five golf courses there, but the black is like the toughest. | ||
| It's, you know, it's like they call it a mankiller golf course. | ||
| It has this reputation of being one of the most brutally difficult golf courses in the entire world. | ||
|
unidentified
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And, you know, to get into golf course architecture, it's very much of the penal school of design as opposed to like heroic or strategic. | |
| And this golf course is absolutely brutal, but people love it. | ||
| They love going there and getting absolutely destroyed by this golf course. | ||
| They line up at 2 o'clock in the morning to play there. | ||
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unidentified
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And it's very much, you know, it's where the, you know, just your local everyday Joe can go out and play one of the world's all-time greatest golf courses designed by a great architect, A.W. Tillinghast, in the 1930s. | |
| By the way, your assessment, President Trump, Durow, the blue monster, pulled from the PGA tour, Bedminster taking away a PGA championship. | ||
| Turnberry taken out of the open rota. | ||
| President Trump really, a big part of his life is supporting golf. | ||
| And now, you're absolutely correct. | ||
| First time the Financial Times of London has it. | ||
| The first time in over 100 years, a president showing up at the Ryder Cup. | ||
| Josh, I know you're covering this nonstop. | ||
| What's your social media? | ||
| We'll have you on Monday for a wrap-up of the writer and President Trump's participation. | ||
| Where do people go over the weekend, sir? | ||
|
unidentified
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And the crowd loved him. | |
| He got a great reception. | ||
|
unidentified
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The governor got booed, and everyone loved Trump being there. | |
| The players loved him. | ||
|
unidentified
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It had to have been a very special moment for him to be there with his granddaughter in his home state of New York. | |
| I'm at the Aleister McKenzie Museum, alistermackenzie.org. | ||
| You can find our social media there on X and Instagram. | ||
| Thank you, Steve. | ||
| Appreciate it. | ||
| And show you Josh has got rain. | ||
| She's given props to Tillinghast. | ||
| Thank you, sir. | ||
|
unidentified
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We'll see you on Monday to do a summary of all this. | |
| You nailed it with President Trump. | ||
| And by the way, he enjoyed, I said yesterday, you could tell the joy he had having his granddaughter made the team at the University of Miami. | ||
| Comstock, I got 60 seconds, brother. | ||
| Thank you for joining us. | ||
|
unidentified
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Where do you go? | |
| Sacred Human Health, you are one of the leaders of the Maha movement, sir. | ||
| Where do people go to get these great products? | ||
| Yeah, you can go to sacredhumanhealth.com. | ||
| Always make sure to use code Warroom for 10% off. | ||
| I wanted to mention too, you know, although our new talent moisturizer and creatine monohydrate have been selling super fast since we launched, our 100% grass-fed beef liver is still our number one product and remains undefeated. | ||
| So I just want to say thank you to the war room for being a huge supporter since we launched our beef liver, which has been our number one product and original product. | ||
| It's grown like crazy. | ||
| Everyone loves it, so we appreciate you. | ||
| It's an energy boost. | ||
| Thank you for joining us on Saturday. | ||
| Short commercial break. | ||
| Philip Patrick, we're going to break some news here on what's driving the value and the price of gold next in the War Room. | ||
| Are you on Getter yet? | ||
| No. | ||
| What are you waiting for? | ||
| It's free. | ||
|
unidentified
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It's uncensored, and it's where all the biggest voices in conservative media are speaking out. | |
| Download the Getter app right now. | ||
| It's totally free. | ||
| It's where I put up exclusively all of my content. | ||
|
unidentified
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24 hours a day. | |
| You want to know what Steve Bannon's thinking? | ||
|
unidentified
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Go to get her. | |
| That's right. | ||
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| Philip Patrick joins us. | ||
| Philip, the question, I've got a lot to talk about, the rate cut, the geopolitics of what's happening right now, not just simply in Gaza and the South China Sea, but really this situation with Russia and the Ukraine. | ||
| This article the other day that the Financial Times London had said that we are now globally at $338 trillion of debt. | ||
| But I want to start with just a basic question people ask me all the time. | ||
| How did gold get to every day we're reaching a new high and it backs off a little bit, then we go back to a new high. | ||
| How did we get here in a situation where gold goes from, I don't know, $1,100 a couple of years ago when we started this partnership of trying to explain to people about gold as a hedge. | ||
| How did it get to 3,800? | ||
| And what are the top financiers in the world seeing that's driving gold almost sometimes like a stock, which is not traditionally how it moves? | ||
| Can you walk us through that? | ||
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Yeah, it's look, this isn't a new thing. | |
| Obviously, what we've been seeing since 2008, since 2020, has been unprecedented in terms of gold's movement, but it started really growing at the turn of the century. | ||
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Gold since January 1st, year 2000 has more than doubled the growth of the Dow and the S ⁇ P. | |
| And what's interesting is what changed at the turn of the century. | ||
| It's when we started to massively increase the money supply. | ||
| So surprise, surprise, there is a direct correlation between growth in debt, the money supply, and growth in gold. | ||
| Look at what the Biden administration did. | ||
| $8 trillion of liquidity pumped through the markets in four years. | ||
| It's no surprise gold is moving at the level that it is. | ||
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Now factor in $2 trillion deficits that were inherited from the Biden administration. | |
| We're looking fiscally unsound and creditors are demanding more interest to lend us money and they're looking for alternatives outside of the US dollar. | ||
| Gold is now becoming slowly the favored central bank reserve asset. | ||
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I've mentioned before it overtook the Euro last year. | |
| It's now a larger share of global reserves than US government debt. | ||
| I think that trend will continue and it'll support gold's price movement upwards. | ||
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Ultimately, the biggest driver of all is all-time high demand. | |
| And it's central banks driving that demand for different reasons, right? | ||
| It's dollar devaluation, but it's also predominantly Biden's weaponization of the dollar back in 2022. | ||
| It made a lot of countries around the world start thinking this isn't a safe place to hold on to our wealth. | ||
| And gold's benefiting from that upside. | ||
| Okay. | ||
| Yesterday, on Friday, we found out, or I think it might have been Thursday night, that the Germans are now in on the 300, I think it's $350 billion of dollar-denominated assets that have been seized by the West. | ||
| And now they're actually thinking of monetizing those or taking those, essentially stealing them from the Russian people and use it to finance the Europeans' commitments to support the Ukraine war. | ||
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I want to go back and make sure people understand this. | |
| When you said the central bank reserves have either been Euros or US dollars, essentially, right? | ||
| And now gold is really taking the place of certain fiat currencies. | ||
| Folks, this is something you must understand because this is central to your financial security going forward, the dollar itself, and also the gold as a hedge. | ||
| Because right now, the central banks of the world are telling you, because all the stuff going on, geopolitics, what's happening with actually the weaponization of currencies and taking people's assets, we like gold. | ||
| Right? | ||
| Is that central? | ||
| Is that the big shift you've seen happening now that they're actually the central banks who a lot of people like you and I as investment bankers, I remember I was trained at Harvard Business School in globalization and then went to work for Goldman Sachs. | ||
| People that were like Ron Paul, people that were gold bugs were looked at as kind of wing nuts right back in the 80s, in the 90s, right? | ||
| And even Nixon and those guys thought so. | ||
| That's what I got us off the gold center. | ||
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It was looked at as almost archaic. | |
| That is so change. | ||
| And folks, you got to understand the smartest people in finance right now. | ||
| This is why Ray Dalio came out the other day and said it, that now the central banks are looking this as almost the reserve currency. | ||
| Are they not, sir? | ||
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Absolutely. | |
| Yes, it's so clear. | ||
| I mentioned before on the show, Taleb, Nicholas Taleb, the author of Black Swan on Bloomberg, said it. | ||
| He said the dollar is losing global reserve currency status. | ||
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And it is clear to see. | |
| 73% of central banks that were surveyed said over the next five years, they were looking at massively increasing gold holdings and reducing US dollar holdings. | ||
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This is out there and it is public. | |
| You mentioned weaponization. | ||
| Look, there's morality, right? | ||
| And I'm not touching on the morality of sanctions, right? | ||
| That's a whole different ballgame. | ||
| But think about the precedent we are setting, right? | ||
| By seizing Russia's assets, we told any nation around the world, if you make a decision that we morally object to, your assets can become liabilities. | ||
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That's not a business plan or a good business plan moving forward if you're looking to attract, you know, if you're looking for people to hold your currency. | |
| Listen, we've got half the world that don't see things in the way that we do in the West. | ||
| They're now starting to look for alternatives. | ||
| And I think that's a trend that we cannot stop. | ||
| By the way, gold historically has been a much larger share of central banks' reserves. | ||
| This shift towards the dollar has really been happening since the 80s. | ||
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This is a reversion back now to larger gold holdings by central banks. | |
| And I don't think we're going to be able to stop it. | ||
| I really don't. | ||
| So it was Keynes that called it. | ||
| Didn't Keynes call it an archaic relic or something from times gone by from ancient times? | ||
| Didn't he mock it that way? | ||
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Yeah. | |
| And honestly, I thought it was a relic myself. | ||
| At the turn of the century, I'm looking back at 100 years of performance. | ||
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And I'm saying this thing doesn't grow now in the era of money printing, quantitative easing. | |
| You know, it's so clear I was wrong. | ||
| Look at what central banks are turning to now. | ||
| They are turning to gold, which is an age-old hedge on currency. | ||
| It's where we're reverting to. | ||
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So yes, I was one of those people as well. | |
| And I was wrong. | ||
| And I am seeing it over and over again every day now with all-time highs. | ||
| And I don't think it's going to stop anytime soon. | ||
| Lula, who turns out to be very charming, and people should know that, very charming. | ||
| He's going to meet with the president this week. | ||
| Now, I believe it actually may be by a teleconference or Zoom or something like that, but it may actually be a byla in the White House given their brief meeting at the UN. | ||
| And Lula, because Brazil always goes first by tradition and custom, before the president came up, he essentially ripped the United States on everything without naming the president's name. | ||
| The president is getting briefed by a number of people, some of those very close to the war room this weekend. | ||
| Philip Patrick, we're going to throw your notes in there too. | ||
| If you had a chance to directly talk to the president about Lula, his involvement in the BRICS nations and what the BRICS nations are thinking of, because you would be the only person briefing the president that was actually at the Rio reset. | ||
| What would you tell him, sir? | ||
| I want some time to put some notes together for sure. | ||
| Look, it ties into what we said. | ||
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I think we need to handle this situation with care. | |
| I am no fan of President Lula. | ||
| Absolutely not. | ||
| But you heard Lula came out with fighting words. | ||
| I think there's an opportunity here for President Trump to build some bridges, to use carrots over sticks, and to try and pull Brazil towards us and away from China. | ||
| Look, the one thing I heard when I was out in Brazil, hey, the Chinese are here. | ||
| The new development bank are here. | ||
| They're offering us no strings attached. | ||
| You know, it's not that easy dealing with the West. | ||
| So I think we need to start incentivizing these nations. | ||
| I think Brazil is a good place to start. | ||
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Without Lula, I don't think Brazil are heavily involved in the BRICS, certainly not with Bolsonaro at the head. | |
| So we need to bring Lula on side. | ||
| And like I said, I think carrots, not sticks, will be the way to do it. | ||
| Let's not threaten sanctions. | ||
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Let's talk cooperation. | |
| That's the strategy China have been using to good effect with Brazil. | ||
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And I think we could take a leaf out of their book in that respect. | |
| So that would be my recommendation. | ||
| I find that fascinating. | ||
| Walk me through that one more time because, you know, hey, in the war room, we always want to drop the hammer. | ||
| You're saying you believe maybe the hammer's been dropped one time too many. | ||
| And this BRICS thing's real. | ||
| People have to understand this is kind of an organization now, what we call the global south, although obviously it carries a lot of weight north of the equator. | ||
| But you're almost implying to me, Philip, that this alignment, the BRICS nations, is something you got to be very careful screwing with because they got a ton. | ||
| First of all, they have all the natural resources on earth virtually, right? | ||
| And they're not particularly pro-Western, sir. | ||
| Yeah, look, we saw it when we went there, right? | ||
| President Trump, you know, he knows how to drop the hammer. | ||
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That's one thing he's very good at. | |
| We saw it, though, you know, in Brazil when we were at the meeting. | ||
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President Trump came out, he threatened the BRICS. | |
| He said 10% tariff for anyone that pursues de-dollarization and then a 50% on Brazil. | ||
| But you heard Lula come out. | ||
| His response was certain. | ||
| Up until that point, they'd never talked about de-dollarization. | ||
| They talked about cooperation, but it was never anti-U.S. | ||
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That response sparked Lula. | |
| And he came out and he said, listen, we're sovereign nations. | ||
| We don't want an emperor. | ||
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We're going to continue to be dollarized piece by piece until it's consolidated. | |
| So, you know, the hammer ultimately just fueled the fire. | ||
| I think there's a real opportunity here for President Trump to bring Lula a little bit closer and get what we need out of them. | ||
| We've got to break this relationship down with China and Brazil, put some sort of blocks in the bricks, if you will. | ||
| And I think President Trump has an opportunity to do that. | ||
| He's ultimately an expert negotiator, and I think he'll get what he wants out of this. | ||
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Let's use carrots a little bit more than sticks in this situation, and I think we'll get better results. | |
| Philip, if you can hang on, I want to hold you into the D-block. | ||
| Folks, the end of the dollar empire, now seven installments. | ||
| Go to birchgold.com, promo code BANN. | ||
| You get access to it all seven. | ||
|
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We're coming out with a physical copy of it. | |
| The demand's been so high. | ||
| We're also working on a couple of new installments even as we speak. | ||
| This will get you up to speed on everything about the nomenclature of the process. | ||
| And remember, our watchword here when we put this together, I think four years ago, was that too many people come on and, oh, just buy gold, buy gold, buy gold. | ||
| Here's the price. | ||
| It's very important that you understand the process, not the price, which you can get a quote every day, but the process that drives the value of gold. | ||
| Once you understand that, so much in your life regarding your own personal finances, your community's finances, your families, and your countries will start to become clear. | ||
| And so that's why we took a lot of time. | ||
| In fact, now I'm really proud of Philip and his team working with us that some finance courses in college, college-level finance courses are actually starting to use this as kind of a primer so people can get access and understand kind of the nomenclature. | ||
| Also, Philip and the team have a great guide to investing in gold and precious metals right now in the age of Trump. | ||
| Just go to take your phone out and text Bannon at 989898. | ||
| You can get it right away. | ||
| And you can get access to Philip Patrick and the team. | ||
| Short commercial break. | ||
| We're going to return in a moment. | ||
| We will fight till they're all gone. | ||
| We rejoice when there's no more. | ||
| Let's take down the CCP. | ||
| War Room. | ||
| Here's your host, Stephen K. Bass. | ||
| Philip, before I let you go, I want people to figure out how to work with you directly. | ||
| But I want to just talk one more topic. | ||
| The Financial Times, like I said, had this piece out, this article out, had this analysis that for the first time in history, most debt ever, $338 trillion, when you add up everything for municipalities, cities, state governments, local governments, international governments, corporate bonds, private debt, all of $338 trillion. | ||
| Ray Dalio is now picking up the mantra of the war room that we're concerned about the world's largest margin call. | ||
| What are your thoughts on this? | ||
| And what happens, particularly in something like a hedge, which gold has been by now the central banks, if we do have, and right now with the situation geopolitically, I just keep telling people, I said, hey, until we solve this geopolitical situation in Ukraine, in that part of Eurasia, and down in the Middle East, we are getting sucked in every day more and more to the kinetic part of the Third World War. | ||
| What are your concerns about this, sir? | ||
| Look, I mean, debt is the problem of the West today. | ||
| And I think the world's largest margin call means a lot of lenders are going to take a haircut. | ||
| And I think, quite honestly, central banks around the world, they see the writing on the wall. | ||
| They understand the histories, the history of currency very well, better than most. | ||
| And it's exactly why, partially, central banks are buying gold again in record levels. | ||
| There is no counterparty risk. | ||
| They're the ones who print currency. | ||
| They know what it's worth. | ||
| And I think ultimately the OECD report is just a very, very strong argument for gold. | ||
| But, you know, this isn't just a domestic problem in the United States. | ||
| This is a problem that the West has broadly. | ||
| And I don't think it bodes well longer term. | ||
| All of this, you know, everything we're talking about, we're talking about interest rate cuts, but debt service going up. | ||
|
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We're talking about the bricks running away from the dollar. | |
| All of this is in the context of a $37 trillion debt pile domestically in the United States, $330 trillion of debt around the world. | ||
| It is a massive problem. | ||
| We are leading the way when it comes to debt. | ||
|
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And I think being the world's largest economy, the greatest economy, we have the most to lose from this. | |
| So I'm getting concerned to say the least, but I'm buying gold at companies. | ||
| Yeah. | ||
| And no, and this is what concerns me. | ||
| We came in having an adult conversation about this budget, which is still working off Pelosi and Biden's numbers, and they still don't have appropriations. | ||
| And when Russ Vote sets the trap for him, if they're going to shut down the government, he's going to have massive layoffs, which would cut costs and cut spending. | ||
| They freak out. | ||
| And if they capitulate, it'll be on this one topic. | ||
| So it shows you that we've got such a long way to go in this country until we start dealing with the underlying fiscal and monetary issues. | ||
| That's why I think now more than ever, you need to think about gold. | ||
| People ask me all the time: how do we get direct relationship with Philip Patrick? | ||
| How do we get a working relationship with him? | ||
| So, walk us through how we do that. | ||
| It is really simple. | ||
| Birchgold.com forward slash Bannon, reach out, get the information. | ||
| I am on the phone to your viewers all day long when I'm not sitting here in interviews. | ||
| They're going to have access to a lot of people like myself. | ||
| We're here to guide people through, answer the questions, and just get people educated. | ||
|
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That ultimately is our job. | |
| From there, people will do what they need to do themselves. | ||
|
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So, birchgold.com forward slash bannon. | |
| Really simple, get the information, and we'll be here to help you. | ||
| Last question: As you look forward forward, rate cuts coming in the future. | ||
| Do you think the Fed, do you think the Fed is going to hit us with two more 25 basis points cuts before the end of the year? | ||
| Yeah, I think they absolutely will. | ||
| Let's see what happens, though. | ||
| We need them to start lowering debt service to ease some pressure on President Trump. | ||
|
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And in order to do that, we're going to have to get our fiscal house in order, at least show the world that we're taking steps to do it. | |
| And I think President Trump is doing a very good job, but it is a very difficult job. | ||
| So, we need to give him time. | ||
| And in the meantime, I think we need to hedge ourselves. | ||
| I want to thank you, sir. | ||
| Philip Patrick, I want to thank you for the audience. | ||
| People love working with you guys, and it's been quite a run. | ||
| But I think the takeaway, folks, is that we're giving you an insight. | ||
| And Philip Patrick's giving you insight you're not getting from a lot of other people. | ||
| Before it was Eurodollars and dollars that were kind of the reserves of these banks, that is going through a radical transformation. | ||
| And they're going back and really what Philip's saying is kind of reverting back to the beginning of the Bank of England and the central banks back to the late 19th century and early 20th century when gold was a much higher part of their reserves than it did got to be in the latter part of the 20th century. | ||
| That's reversed. | ||
| And that reversion means that gold's got a substrate in it and is now being looked at as kind of, I think, eventually maybe the world's reserve currency, the rate we're going. | ||
|
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Philip Patrick, once again, where do people go to get you? | |
| Very simple: birchgold.com forward slash bannon. | ||
| Get the information and they can reach me at Philip Patrick on getter. | ||
| So birchgold.com forward slash bannon at Philip Patrick on getter. | ||
| Yeah. | ||
| Make sure they get so many different methodologies, how you can get into gold, IRAs, 401ks, tax deferred, tax-free, all of it. | ||
| Go check out today. | ||
| Philip Patrick, thank you for taking time on your Saturday to join us, sir. | ||
| Appreciate you. | ||
| Thank you. | ||
| There are what decades in which nothing happens and then weeks in which decades happen. | ||
| As we keep telling you, we're having week after week after week after week of this. | ||
| Just absolutely incredible. | ||
| Just what's going on. | ||
|
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I want to thank everybody on our production team here, Wayne Allen Root. | |
| On Saturday, Wayne Allen Root follows us during the work day. | ||
| It's a Charlie Kirk show, but on Saturdays, Wayne Allen Root. | ||
|
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Make sure you stick around for that. | |
| Keep it right here at Real America's Voice all weekend. | ||
| And you can check me out on Getter. | ||
| I'll be posting updates on everything that's going on. | ||
| And folks, there's so much going on. | ||
| So make sure you go to my Getter account over at Getter. | ||
| I want to thank you. | ||
| We're going to leave you with the right stuff. | ||
| A way to kind of kick you off into the afternoon of a Saturday on Ryder Cup weekend here in the United States. |
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