Nov. 25, 2025 - Bannon's War Room
48:55
Participants
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| Speaker | Time | Text |
|---|---|---|
| The great Eric Bowling, we're not going to have a cold open. | ||
| We're not even going to bring in the show. | ||
| We're going to go right to the White House. | ||
| We have breaking news from the White House, our own Brian Glenn. | ||
| Pretty historic what happened, Brian. | ||
| It happened. | ||
| Nobody saw it, but you know about it. | ||
| What's up? | ||
| Yeah, good afternoon, Steve. | ||
| Just less than an hour ago, Secretary Rubio and Scott Bessett, along with President Trump, made an executive order to begin the process of designating certain chapters of the Muslim Brotherhood of foreign terrorist organizations around the world. | ||
| And this comes after intense research that found that these organizations were trying to reshape Western societies from within. | ||
| And we, of course, know what has happened just recently last week in Texas with Governor Greg Abbott there designating different sanctions of Muslim Brotherhood as terrorist organizations as well, trying to prevent the Sharia law coming up within many cities across this country. | ||
| So this is a big step in terms of protecting not only a national security, but protecting lives of people around the country. | ||
| And of course, I just happened a few minutes ago. | ||
| That was close to the press. | ||
| So we did not have an opportunity to go in the Oval Office. | ||
| Brian, do you know when this is going to be promulgated? | ||
| Has it been promulgated? | ||
| Because I know people are going to look, we tried to do this in 2017 and got nowhere. | ||
| I tell people all the time it was the hardest thing. | ||
| I didn't think it was that hard. | ||
| We got shut down. | ||
| But one of the blowbacks was that, well, all the Muslim Brotherhood's not a terrorist organization. | ||
| They're running schools. | ||
| They're doing this. | ||
| Of course, the heart of it is a terrorist organization. | ||
| Do we have any idea about the details of this? | ||
| They only called for them to investigate which ones and to identify the certain groups. | ||
| Now, I think the timeline on this is to be ordered within 30 days of this executive order. | ||
| So I would imagine the wheels are already turning right now to find out exactly which ones need that designation. | ||
| And perhaps there's some that don't. | ||
| That's yet to be determined. | ||
| But nevertheless, President Trump making a strong stance today and designating these Muslim Brotherhoods for being domestic terrorist. | ||
| Now, how does he do this on Monday, Brian, when on Friday we had Mom Donnie in the Oval, and it was quite cordial, it looked like. | ||
| Now, John Solomon tells today it's five-dimension chess that's happening. | ||
| He didn't want to give him a Zielinski moment. | ||
| But how do you designate, and as you know, in War Room, we refer to Mamdani as the Ugandan Marxist jihadist. | ||
| How do you designate go after the Muslim Brotherhood on Monday when you had a cordial meeting with Mondani on Friday? | ||
| Is this five-dimension chess, sir? | ||
| Perhaps, or it could be a response, Steve, to whenever a reporter asked Mondani if Trump was a fascist. | ||
| And of course, Trump reacted and said, don't answer that. | ||
| Just say yes. | ||
| And kind of, you know, really not allowing him to define President Trump as a potential fascist. | ||
| And we simply know that's not true. | ||
| But then the very next day, Mondani went in front of the media once again, calling Trump a fascist. | ||
| So maybe this is a direct response to what went down on Friday. | ||
| And maybe this is a little bit of a punchback. | ||
| Maybe John Solomon is right. | ||
| Maybe this is 5D chess that he's playing. | ||
| But it's something that's really amazing. | ||
| I was talking to some colleagues before we came on the air, and they were really surprised that this has not happened sooner, considering all of the events in history of the attacks, not only on the U.S., but in Israel as well. | ||
| Going back to the attack in October, linking a lot of that to some of these jihadist groups. | ||
| But nevertheless, he did it today, and we thought the press would have an opportunity to go inside and ask a few questions. | ||
| Now, previous to that, and I kind of knew this would happen, at around 3 o'clock, Carolyn Levitt came out and did a gaggle at the stakeout unit right out here in front of the West Wing. | ||
| So I kind of figured that if she did that, then the 4 o'clock oval indeed would be closed and no comments from the press, from the president, rather, and that's exactly what happened. | ||
| Okay, we'll follow that intensely, and we're going to have a big report on that tomorrow. | ||
| This is a step in the right direction. | ||
| It's not absolutely final, and the investigation into how I shut him down is clearly not starting. | ||
| But, you know, you've got to, these guys have a lot big reach, and they've got a lot of money. | ||
| A bombshell this afternoon on the Comey Big Tish James. | ||
| They're trying to crush Halligan Pambondi. | ||
| What is the White House, what's the word around the White House about what happened this afternoon in federal court on the Comey and Big Tish James fraud cases, sir? | ||
| Yeah, from what I was not able to get any kind of official word from the White House, but from what I was listening to earlier, they basically are going to try and they said that I guess Lindsay's appointment was not constitutional, if I'm not mistaken. | ||
| I don't want to get my facts mixed up here. | ||
| I want to kind of maybe defer to this topic because I don't have a complete rundown of what that was. | ||
| But it certainly was one of the topics that Carolyn Levitt had to take today. | ||
| And one of the questions was, will they go back and try this again at a later time? | ||
| And that's yet to be determined. | ||
| So I wish I had more information on Steve, but I don't. | ||
| Wow. | ||
| Okay, we're going to have Will Chamberlain on from Article 3. | ||
| He's going to break it all down for us. | ||
| Julie Kelly and Mike Davis tomorrow morning. | ||
| This is huge. | ||
| Brian, thank you. | ||
| Great scoop on the Muslim Brotherhood. | ||
| What's your social media, sir? | ||
| You can go follow me at Brian Glenn TV on Twitter, Instagram, and at Brian on TrueSocial. | ||
| Steve, I appreciate it. | ||
| Thank you. | ||
| Thank you, brother. | ||
| Our White House correspondent, Brian Glenn, with the scoop on the Muslim Brotherhood, a executive order to investigate whether you should go and investigate more, what branches of it. | ||
| And I'm sure we're going to have some expert on this tomorrow on the show. | ||
| We're going to break it all down for you about exactly what is going on in Texas and overall the Muslim Brotherhood. | ||
| Like I said, the world's, I think, largest jihadist terrorist group, SUNY, but their reach is all over. | ||
| Okay, we have a cold open. | ||
| Let's go ahead. | ||
| Denver, let's go ahead and punch into the cold open. | ||
| I'm going to come back and we're going to tee up Will Chamberlain from Article 3 for the next box. | ||
| Let's go ahead and let it rip. | ||
| Criminal charges brought against former FBI Director James Comey and New York Attorney General Letitia James have been dismissed. | ||
| A federal judge found that Lindsay Halligan was unlawfully appointed to the role of interim U.S. Attorney for the Eastern District of Virginia. | ||
| And because Halligan alone presented the case to the grand jury and alone signed the indictments, the indictments are now null and void. | ||
| The Justice Department will likely appeal the ruling, but it is a major victory for both James and Comey. | ||
| Comey was indicted on charges of making a false statement to Congress and obstructing a congressional investigation. | ||
| James was charged with bank fraud and making false statements. | ||
| Both pleaded not guilty and both accuse the current administration of using the Justice Department as a tool for the president's retribution. | ||
| I'm grateful that the court ended the case against me, which was a prosecution based on malevolence and incompetence. | ||
| And a reflection of what the Department of Justice has become under Donald Trump, which is heartbreaking. | ||
| But I was also inspired by the example of the career people who refused to be part of this travesty. | ||
| It cost some of them their jobs, which is painful, but it preserved their integrity, which is beyond price. | ||
| And I know they will serve again. | ||
| I was very lucky that some of the best lawyers in America stepped forward to represent me. | ||
| I hope they serve as an example to more and more lawyers, especially some of the big firms, to participate in protecting our liberty, protecting the rule of law. | ||
| We just spoke about this a couple of days ago. | ||
| I told you that I thought the case was a choose your own adventure procedural errors, and here we are because this was a huge one. | ||
| And as we also discussed, Halligan being appointed after the 120 days of the interim appointment had been exceeded was a huge problem. | ||
| And indeed, the court agreed that she wasn't lawfully appointed. | ||
| And the problem here is that Halligan did everything on her own. | ||
| And so now these indictments can't stand. | ||
| Now, with respect to, have you seen anything like this before? | ||
| I mean, I just heard the conversation. | ||
| We did see the Mar-a-Lago case being dismissed on similar but different grounds. | ||
| The legal grounds of why the Jack Smith Mar-a-Lago indictment was ultimately dismissed with Jack Smith's unlawful appointment is different here, but similar broadly. | ||
| But prior to these two indictments, not really, right? | ||
| Like usually, usually DOJ follows proper process and procedure. | ||
| And now we see what happens when DOJ attempts to do an end run around those procedures. | ||
| The cases have now been dismissed and probably delivered a humiliating defeat to the Trump administration. | ||
| And just to be clear, we're talking about today's opinion says very clearly, and in both opinions, there's a Comey opinion, there's a James opinion, they're substantively identical, that Lindsay Halligan was unlawfully appointed under the federal statute that was used as the basis for her appointment. | ||
| That allows the Attorney General to appoint an interim U.S. attorney for 120 days. | ||
| And basically what the judge is saying here is you already had somebody in that position for 120 days. | ||
| You can't use these 120-day periods successively. | ||
| When that 120-day period is over, you've got two choices. | ||
| You can either let the district judges appoint someone on their own or the president can nominate someone and the Senate can confirm them. | ||
| But you can't do what Lindsay Halligan did here, which is effectively walk off the street from the White House with no prosecutorial experience and then charge a case only to have this issue being raised by defendants and the Attorney General saying after the fact, oh, everything that she did is totally fine by me. | ||
| I fully endorse it. | ||
| What the judge is saying here is not only was she unlawfully appointed from the beginning, but the attorney general does not have the right sort of ex post to say that's okay with me. | ||
| So in order to get there, you say that no matter what, they first have to appeal it. | ||
| And that process could be the thing that runs out the clock. | ||
| Because in theory, I think they could probably nominate somebody and potentially get them to the Senate in a shorter period than six months. | ||
| Well, think about who represents the state of Virginia in the Senate. | ||
| And so long as the blue slip process is active, remember that U.S. attorneys are still subject to the blue slip process in the United States process. | ||
| It basically gives home state senators a choice in order to block the nomination or the floor consideration of someone who is nominated to be a district judge or a U.S. attorney. | ||
| This is why Trump is relying on all these interim appointments in the first place, because in states where there is at least one blue state senator or one Democratic senator, he feels as if he cannot nominate the people he wants in those positions. | ||
| That's why you've got Alina Haba in the District of New Jersey. | ||
| That's why you've got Seagal Chada and the District of Nevada, Bill Asaley in the Central District of California, which is Los Angeles. | ||
| He thinks that the real fundamental problem here is the blue slip process. | ||
| And Chuck Grassley in particular, he's called out for real criticism for not getting away with, not doing away with the blue slip process. | ||
| Ah, okay. | ||
|
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Okay. | |
| Arizona Senator and retired Navy Captain Mark Kelly is under investigation by the Pentagon for what it claims are serious allegations of misconduct. | ||
| In relation to a video he and other lawmakers release last week reminding military members that they can refuse illegal orders. | ||
| They should refuse them, in fact. | ||
| In response to the news, Senator Kelly is defiant the news of this investigation. | ||
| He wrote this as a statement, quote, if this is meant to intimidate me and other members of Congress from doing our jobs and holding this administration accountable. | ||
| It won't work. | ||
| I've given too much to this country to be silenced by bullies who care more about their own power than protecting the Constitution. | ||
| Yeah, it's really remarkable. | ||
| I mean, it just shows that there are no lengths to which this administration will not go to use the process of investigation in an effort to punish people it perceives as its adversaries, whether there's any justification or not. | ||
| And it also shows that we're a government that's based on good faith. | ||
| The idea that people aren't going to abuse investigative powers, because this isn't a significant power that the military has over everyone who's ever served in uniform. | ||
| The threat to call somebody back into active duty to court-martial them, regardless of whether there's any merit. | ||
| And I think fair-minded people can look at that and decide for themselves whether there's any merit to the allegation here. | ||
| It would still be a strain. | ||
| It would be an inconvenience. | ||
| It could be emotionally painful, probably not for Mark Kelly because he's defiant and he's a famous member of Congress. | ||
| But imagine for someone else that has to go through this. | ||
| It's a significant threat, just the investigation, just the recall to active duty. | ||
| And the Trump administration and the Defense Department has now shown that they are willing to use this lever of power. | ||
| It's just another thing that they're willing to do to pursue their enemies, Katie. | ||
| When I was a kid, my parents would wake us up for school every morning by snapping open the shades and saying, time to rise and shine and show the world what you're made of. | ||
| Well, it's that time, America. | ||
| It's time to stand up and show the fools who would frighten us, who would divide us, that we're made of stronger stuff, that we believe in the rule of law, that we believe in the importance of doing things by the law. | ||
| So stand tall, shine, and keep the faith. | ||
| What a weird dude. | ||
| I mean, maybe I'll replay the Taylor Swift video he did. | ||
| Sterner stuff. | ||
| A grown-ass man that's a Taylor Swift fan. | ||
| Pathetic. | ||
| Short break. | ||
| Will Chamberlain, Article 3 on the other side. | ||
|
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| Okay, it's Monday, the 24th of November here, Ruler, 2025. | ||
| I want to thank that breaking news from the White House. | ||
| President Trump has signed. | ||
| We haven't totally seen it yet, but it's a executive order to start to begin an investigation that can lead to a much bigger investigation. | ||
| This is on the Muslim Brotherhood. | ||
| That is monumental. | ||
| And I want to thank Patriot Mobile and everybody down in Texas that worked on putting this issue in front of Governor Abbott and the pressure was put on Governor Abbott. | ||
| And you got to give a hat tip. | ||
| Governor Abbott wrote a very tough, as Brian Harrison said, it's all about the execution, but a very tough executive order from himself on the Muslim Brotherhood and care and care. | ||
| And so the White House today come on. | ||
| And this is a huge contention because remember, the Muslim Brotherhood has infiltrated, as well as the Chinese Communist Party, many different aspects of our government. | ||
| That's just a fact. | ||
| And this is going to be a tractor poll, but at least we started the start of the process right there. | ||
| If Mo and Grace can push that out, I have more to say about that in the next hour. | ||
| I want to get to the kind of this blockbuster that came out this afternoon. | ||
| Will Chamberlain from Article 3 joins us? | ||
| So, Will, this was, I misspoke earlier, that Comey was not on fraud. | ||
| Comey is on the perjury situation and there's all this controversy, has the clock run out. | ||
| You've got big Tish James with the multiple bank frauds and mortgage. | ||
| Just explain to people, what was the actual ruling today? | ||
| Because they're spiking the football over in mainstream media, MSNBC or Sham Wow, whatever it is, Sham Wow MS right now. | ||
| They're spiking the football. | ||
| This humiliation for Halligan, this humiliation for Pam Bondi, this humiliation for Trump. | ||
| What exactly happened? | ||
| Well, the district judge dismissed both of the indictments against Comey and James on the grounds that Lindsey Halligan wasn't properly appointed as U.S. attorney for the Eastern District of Virginia. | ||
| That holding's wrong. | ||
| It's probably going to get reversed by the Fourth Circuit and almost certainly it's going to get reversed by the Supreme Court. | ||
| I mean, it's wrong in terms of reading the statute, which is a broad granted authority to Attorney General Bondi to appoint interim U.S. attorneys. | ||
| And it's also wrong because the district court's interpretation runs headlong into the separation of powers in our Constitution. | ||
| It would vest complete authority to appoint U.S. attorneys to district court judges. | ||
| That's not how our Constitution works. | ||
| Prosecution is an executive authority. | ||
| There's no world where Article III has the right, the sole and exclusive right to appoint Article II officials. | ||
| So, Will, you've got this controversy. | ||
| Explain to the audience what this interim appointment is because you got Elaine Chabab in New Jersey, and you've got our own Segal Chata, the warrior out in Nevada. | ||
| You've had Halligan. | ||
| What is the president's as the chief magistrate and chief law enforcement officer? | ||
| What is his ability to appoint these people on interim bases? | ||
| And why have, and you got this whole concept with blue slips, particularly in places like New Jersey and Nevada, in Virginia, in Maryland, where you can't, you know, the people, he's asked, just like he's asked for the, for the filibuster to be reversed, this blue slip, which is you got to get approval from the senators, the two senators in the state. | ||
| And people have said, well, this is a minority, this protects minority rights when the Republicans are out of power, but it's been looked at for years, has it not, as a way to, for local politicians not to have people in the opposite party actually look at them as far as fraud goes, money laundering, kickbacks, crony capitalism, et cetera. | ||
| So explain the blue slips, why the president is upset about it, and also these interim appointments. | ||
| All right. | ||
| So the blue slip is a process whereby local U.S. attorneys and local district judges aren't going to be confirmed by the Senate unless they have the assent of the two senators where that district is. | ||
| So in this case, it would be, you would need both of the Virginia senators, Mark Warner and Tim Kaine, to consent to Lindsey Halligan to be permanently appointed as the Senate confirmed U.S. attorney. | ||
| But U.S. attorneys are inferior officers, and that means that their appointment doesn't have to be done only by presidential advice and Senate consent, or sorry, presidential appointment and Senate advice and consent. | ||
| Rather, it can be done by methods prescribed by statute. | ||
| And so one of those methods comes from a statute, 28 U.S.C. 546, the vacancy statute, which lays out a way for the Attorney General to make interim appointments. | ||
| And that's precisely what Pam Bondi did. a couple months ago, I think, back in September, when she appointed Lindsey Halligan to be the U.S. Attorney for the East District of Virginia. | ||
| She's allowed to do that by statute. | ||
| Now, there's some sort of the issue being that Lindsey Halligan is not the first interim U.S. attorney that has been appointed to the Eastern District of Virginia by Pambondi. | ||
| The prior holder of the office, Eric Siebert, was appointed back in January and had his term extended by the district court in Virginia. | ||
| So basically, I mean, you heard all these progressive arguments if you were listening to that 10-minute clip, which was kind of like being subjected to a clockwork orange torture session. | ||
| I'm sorry, just making you listen to James Comey like that is, you know, it's not a nice thing to do to your guests, Steve. | ||
| So I'm still a little off. | ||
| You know, I kind of composed myself. | ||
| The audience concurs with you. | ||
| The audience concurs with you. | ||
| The cold open is driving crazy. | ||
| We do that for a reason. | ||
| But go ahead, sir. | ||
| But yeah, so you listened to what they were talking about and just the greed on their faces. | ||
| Like they were like, aha, this blue slip process allows us to defeat the functioning of the federal government. | ||
| And that should be a tell that this isn't going to stand up. | ||
| There's no way that the Supreme Court is going to stand for a process by which Article III judges and home state senators are able to completely defeat federal prosecutions. | ||
| Won't happen. | ||
| Well, talk to me about your, you seem pretty, you know, we didn't get the viceroy. | ||
| He's traveling. | ||
| You're one of his deputies over at Article III. | ||
| You seem pretty adamant that this is going to get reversed either at the appellate level, if it has to go in the emergency doctor of the Supreme Court. | ||
| One of the reasons people are saying is that this is huge is that they think this gets Comey off because of the statute of limitations. | ||
| And that was the whole thing was done for by the judge. | ||
| What say you? | ||
| Nope. | ||
| The statute of limitations issue was resolved by a different statute, 18 USC 3288. | ||
| So even if the administration loses on the question of whether Lindsey Halligan was properly appointed, they still will have a six-month window to bring the appointment because I'll just quote from the statute. | ||
| I have it right in front of me. | ||
| Whenever an indictment or information charging a felony is dismissed for any reason after the period prescribed by the applicable statute of limitations has expired, a new indictment may be returned in the appropriate jurisdiction within six calendar months. | ||
| And the only exception to that is if you brought the indictment past the statute of limitations in the first instance. | ||
| So for any reason includes the U.S. attorney who brought the indictment wasn't properly appointed. | ||
| So the DOJ will have six months to fix this, even if they don't prevail on appeal. | ||
| But you believe that they're working right now and they're going to go appeal this immediately. | ||
| Oh, yeah, absolutely. | ||
| I mean, this isn't the first case where we've seen it. | ||
| We've already, we have appeals going on, actually. | ||
| The cases you talked about, the Haba appeal has already been argued at the Third Circuit. | ||
| So we're probably going to get an opinion from the Third Circuit there. | ||
| And, you know, something I've talked about with some lawyer friends of mine, we wouldn't be surprised to see DOJ try to ask for certiorari before judgment in one of these cases because you keep seeing this. | ||
| It's a pure legal dispute about the meaning of this statute. | ||
| And the implications are being felt all over the country in these various U.S. attorneys' offices because the Democrats are refusing to confirm the president's appointees. | ||
| So, you know, I think the Supreme Court could be persuaded to resolve all of these issues in one fell swoop and just resolve what this law actually means. | ||
| You know, this audience, they want to see their Trump's biggest supporters. | ||
| They want to see action. | ||
| You're seeing now DOJ, I think, be much more aggressive, but also over the Department of War. | ||
| You see today they're actually talking about Pete Heggs as the Department of War talking about recalling Mark Kelly to active duty to the Uniform Code of Military Justice. | ||
| I think court-martial of him. | ||
| Your thoughts on the seditious six and what action should be taken because the Department of War looks like they're very serious about going. | ||
| I mean, they're looking at the alternatives right now over a JAG on recalling Kelly to active duty and court-martial him, sir. | ||
| Well, you actually might have a better handle on the UCMJ than I do, given that you served and I didn't, and I'm not a military law expert. | ||
| But I will say this: I don't think the excuses being made by the Seditious Six are particularly persuasive. | ||
| They knew exactly what they were doing. | ||
| They were putting out statements about how you need to disobey unlawful orders and implying extremely strongly that there are some unspecified unlawful orders being issued. | ||
| I think that what's the term good order and discipline? | ||
| I can think of few things more disruptive to good order and discipline than to put rank and file service members into the position of wondering exactly which orders they're being given are unlawful without basis or without any real provocation or any reason to bring that thought into their mind. | ||
| So I think my understanding is that. | ||
| Go ahead. | ||
| No, do you think Slotkin gave away the game yesterday when they asked her point blank on ABC on this week with George Stephanophoulos, which is not known as a show that brings the hammer to liberals? | ||
| They asked her, would give us an order, and she says they haven't, President Trump has initiated it yet. | ||
| Did that kind of undercut their argument? | ||
| Yeah, it undercuts their argument dramatically. | ||
| It also means that there's not really a good argument for the speech and debate clause to immunize their conduct here because for the speech and debate clause to come into play, there has to be some legitimate legislative activity. | ||
| But if they have no suspicion that there's been any unlawful orders, they can't point to anything, then what are they doing other than trying to disrupt good order and discipline among the rank and file? | ||
| And as the viceroy tells us they've lost 20, they've lost 21 or 23 times when they've gone the Supreme Court's had their back about these orders, particularly with the ICE units. | ||
| Will, where do people go for Article 3 and where they go to get your coordinates on social media, sir? | ||
| So, yeah, Article 3 project on X, A3PACI.com to look at our various projects where you can tell your senators what you think they should be doing and make it clear. | ||
| I know the War Room posse has been very good about that in the past for a lot of our projects. | ||
| And then finally, for myself at Will Chamberlain on X, I'm pretty prolific there. | ||
| Will's prolific. | ||
| He comes in not as hot as the Viceroy, particularly later at night. | ||
| You got the Viceroy comes in hotter. | ||
| Will's prolific, comes in hot, but not as high as the Viceroy. | ||
| But go there anyway. | ||
| Go sign up. | ||
| Will Chamberlain, thank you stepping in here today. | ||
| Join us on the war room. | ||
| Appreciate you. | ||
|
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Thanks, Steve. | |
| D. Philip Patrick of Birch Goal. | ||
| Also have Gail Slater from Maine Justice all next in the war room. | ||
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Who's your host, Stephen K. Bannon? | |
| Kate, take your phone out. | ||
| Text. | ||
| Ban NBA NNON at the number 989898. | ||
| You get the ultimate guide for investing in gold and precious metals in the age of Trump. | ||
| This is the one that gets you right to Philip Patrick team. | ||
| It's not as complicated as the end of the dollar empire because we don't go back through history. | ||
| This talks to you about the here and now, 401ks, IRAs, tax deferments, something you need to know, quick and dirty. | ||
| We'll talk more about What we're doing on the end of the dollar empire in a moment. | ||
| Philip, I asked you to come on today. | ||
| Gold's back up at 41, I don't know, 39 or 40. | ||
| And folks, remember, we never talk about the price of gold here. | ||
| It's not the price, it's the process that drives value and what gold has been historically. | ||
| Now, gold has been a hedge against times of financial turbulence. | ||
| Now, here recently, it's resetting to become actually a major asset class like it was really, I guess, before the 19th century or before the Great Depression when first Roosevelt and then Nixon took us really off the gold standard. | ||
| The gold is now, I think, the number two asset in a lot of these central banks after all this buying. | ||
| And one of the reasons is the stealing of the Russian people's assets. | ||
| And they're talking today. | ||
| The New York Post has got an exclusive scoop that they've now redone this afternoon over at the White House the 28-point program to now 19 points. | ||
| And they're trying to refine this and they're still moving forward in Ukraine. | ||
| But at the center of this Ukraine situation is the Europeans are broke. | ||
| They don't have any money. | ||
| They're going to take the stolen Russian assets and use them to, I don't know, rebuild Ukraine. | ||
| The whole thing's a mess. | ||
| It's one of the reasons the central banks are going back to people who don't want to take the Euro, right? | ||
| They're not even taking government securities. | ||
| They got cash, U.S. dollars, and they got gold. | ||
| The individuals brought this out the best, I think, and also going to Rio and talk about the Rio Reset and the de-dollarization program is our guest, of course, Philip Patrick. | ||
| Philip, one thing I just want to get on the table, like you got on the gold is becoming this kind of new asset class. | ||
| It hasn't been in decades, is the situation with crypto and just the fact that, and I think people got to look at this, crypto, I think, has lost $1.2 trillion in market cap or value in the last three or four weeks. | ||
| And our concern here is not simply about crypto and part of the audience that owns crypto, but what it can mean as far as pattern recognition. | ||
| Because what's important here is, as I keep saying, the world has $370 approximately trillion dollars of debt, and we're concerned about the world's largest margin call. | ||
| And is this potentially the canary in the mine shaft, sir? | ||
| Yeah, I think absolutely. | ||
| First of all, it was just a huge amount wiped off the crypto market in a very short space of time, as you say. | ||
| This isn't just a price drop that we saw. | ||
| It was a forced deleveraging event. | ||
| And I think once the big drawdown started, every leverage player in the space had to unwind positions. | ||
| And that turns what is a downturn into a cascade. | ||
| When it comes to crypto, there's stress in a number of different areas. | ||
| Funding rates have flipped deeply negative. | ||
| So traders are now paying to stay short. | ||
| Stable coin flows have now gone flat. | ||
| So there's no fresh money entering into the system. | ||
| And exchanges have seen the biggest sell-off since 2022. | ||
| People are taking assets off the platform. | ||
| That isn't speculation, it's fear. | ||
| But as you mentioned, when you zoom out, there's another layer to this. | ||
| Crypto was supposed to be the high beta expression of the AI boom, but now we've got the AI story wobbling. | ||
| We've got liquidity thinning. | ||
| We've got a Fed that's split right down the middle. | ||
| So the entire speculative complex is losing oxygen at the same time, which means crypto collapse is not an isolated storm. | ||
| As you put it, I think it's the canary in the coal mine. | ||
| We've seen this exact pattern over and over again. | ||
| We saw it at the turn of the century in 2000. | ||
| We saw it in 2008. | ||
| We saw it briefly in 2022. | ||
| When the system gets shaky, traders dump the lowest quality, highest volatility assets to raise cash and essentially lower their risk exposure. | ||
| So, yes, crypto is the first domino, but it's not the only one wobbling. | ||
| We're seeing wider spreads in credit markets. | ||
| We're seeing hedge funds now deleveraging. | ||
| Retail investors are pulling to the sidelines. | ||
| This is a classic flight to quality moment. | ||
| But the big problem is the so-called risk-free assets, they're not working either. | ||
| Government debt has been a major loser for the last five years. | ||
| Cash is a sure loser when we adjust for inflation. | ||
| And the dollar, as we've discussed many times, is just not acting like the safe haven it once was. | ||
| The big problem I see is that the safety valve of the financial system is also broken. | ||
| And when risk assets grow up, you're supposed to move to stable ones. | ||
| But with over a trillion dollars in annual interest costs, $38 trillion in national debt, and the Fed that's clearly divided on the path forward, those safe haven assets today are now looking risky. | ||
| So I think the crypto crash is really a stress test for the entire financial structure. | ||
| If the riskiest corner is collapsing and the safe corner isn't truly safe, it's telling us something very important. | ||
| Investors are running out of places to hide within the financial system. | ||
| And when risk assets crack and safe assets wobble, you need a third category, assets outside of the system. | ||
| And I think that's why the global rotation into gold will continue, not because of fear, but I think because investors are finally starting to realize that it's the system itself that is the risk. | ||
| And I think gold will continue to see a pickup. | ||
| So yeah, it was a bad month and a bit for crypto, but I think there's a lot worse to come, unfortunately. | ||
| Well, I want to go back. | ||
| In 2000, it was the internet crash, right, that we didn't recover from. | ||
| And those were equities. | ||
| That wasn't as people had leveraged positions and that caused kind of a cascade. | ||
| In 2008, you kind of had a MACD at it because that was all these instruments that nobody really realized. | ||
| And the system almost went down. | ||
| In fact, if it had not been for a cash infusion of a trillion dollars, I think on the afternoon of 17 September of 2008, it's a famous story. | ||
| If it hadn't been a trillion dollars of cash infusion, things might have unraveled quite quickly. | ||
| Here, you used a term, and just don't bury the lead. | ||
| When I say that we are $370 trillion globally of debt, and that's every piece of debt that's out there, from your credit card debt in every country in the world to the junk bonds, the government debt, all of it, you used a term that makes people quiver. | ||
| I said, or makes them shaking their boots on Wall Street, the toughest of the tough. | ||
| That is a forced deleveraging or a margin call. | ||
| It's basically that there's too much debt. | ||
| And some of the crypto, some of the crypto positions were highly leveraged because they wanted more bang for the buck. | ||
| This is what my concern is. | ||
| I talked to Philip and said, hey, I'm very concerned that this crypto meltdown of over what, $1.2 or $1.5 trillion here recently is going to lead to something else. | ||
| And I think you just perfectly described it. | ||
| I just want one more time. | ||
| I think this is why central banks are also buying gold still at record rates. | ||
| And it should tell you something. | ||
| Are we in the second year of central banks buying gold at record rates, Philip? | ||
| Started in 22. | ||
| So third year heading into the fourth, and it's picking up, not slowing down. | ||
| It was literally, and you've had her on your show, Saliha Moshin. | ||
| What was her book? | ||
| Paper Soldiers, How the Weaponization of the Dollar Changed the Global Empire. | ||
| She was absolutely correct. | ||
| The second we seized Russia's assets, that was the catalyst for central banks to start dumping dollars and buying gold. | ||
| And obviously, policy since then has escalated, but it started in 22 with the seizure of Russia's assets. | ||
| And you've said it many times. | ||
| Listen, a world run by Putin or the Chinese is a frightening proposition for us in the West. | ||
| But listen, if you're Russian, it doesn't make sense for you to hold dollars anymore. | ||
| If you're Chinese, it's making less and less and less sense. | ||
| The reality is we forced their hands and now they're capitalizing. | ||
| Well, and people should know that one of the key parts of this negotiation they're having, in fact, I think it's the central key part because the Europeans, once more, President Trump had him in the Oval Office eight weeks ago, and Macron and Starmer, they all talk big. | ||
| You know, we're going to do this. | ||
| We're going to do this. | ||
| They're all broke. | ||
| The Fifth Republic's about to end. | ||
| I don't mean a change of government. | ||
| I mean a change of the entire system over in France. | ||
| They're about to say, hey, we've done this for 50 or 60 years. | ||
| We're going to hit the reset button. | ||
| And so Germany has no cash. | ||
| France has no cash. | ||
| Italy has no cash. | ||
| The United Kingdom has no cash. | ||
| You've got two of them, United Kingdom and France, that are teetering right now. | ||
| And one of the central things is that they're going to take the Russian people's assets, right? | ||
| The Russian people's assets. | ||
| I should, besides the United Kingdom, our only other real ally in World War II. | ||
| I mean, the Poles jumped in and did what they could do, but all the NATO guys were either with Germany or the fascists, or they were kind of neutral like Sweden and Ireland, which were really not being neutral. | ||
| If you're not on the side of the guys against the fascists, you're on the side of the fascists. | ||
| So they're doing something extraordinary and they're talking about negotiating right now to seize this. | ||
| This is only going to make people say, hey, why I'm in the Euro? | ||
| I got to look at these dollars. | ||
| If I'm putting my money there, they can take it at any time. | ||
| It's just the judgment of the people at times. | ||
| This is extraordinary. | ||
| This was not done to the Nazis. | ||
| It was not done to Imperial Japan. | ||
| It was not done to the fascists. | ||
| We didn't do the Chinese Communist Party, Soviets, Bolsheviks. | ||
| Nobody. | ||
| We're doing it to the Russian people. | ||
| And that's going to have implications through the system. | ||
| We criticized this a couple of years ago. | ||
| They talked about it. | ||
| It's a central part of the deal because Europe doesn't have any cash. | ||
| So the reconstruction of Ukraine's going to come from assets of the Russian people. | ||
| Is that going to drive this even more to gold? | ||
| Do people just sit there and go, hey, you know, I don't know. | ||
| This thing's so confusing right now. | ||
| Gold looks like a safe haven. | ||
| I'm just going to park. | ||
| I'm going to park my resources into it. | ||
| The answer is absolutely yes. | ||
| And we're seeing it. | ||
| Gold is hitting record high after record high after record high. | ||
| And the reality is this, it didn't achieve anything. | ||
| Didn't stop Russia invading Ukraine. | ||
| It didn't stop them continuing the invasion, right? | ||
| It didn't really affect their economy very negatively. | ||
| It just forced them to create new trade partnerships with India and China to move Russian gas. | ||
| If Russia were not fighting a war today, their economy would be thriving. | ||
| So not only did it incentivize the world to move off the dollar, it didn't achieve anything. | ||
| It was a foolish move. | ||
| Had we saved that silver bullet, waited for the Chinese to mobilize at the South China Sea, that would have been much more effective, but we didn't do it. | ||
| So not only did we do something that wasn't effective that has affected us significantly, we also lost our silver bullet. | ||
| It's done. | ||
| I mean, it was an unmitigated disaster. | ||
| We're paying the price, and I think we're going to continue to pay the price for decades. | ||
| This is all, you know, President Trump, and that's, look, I understand he's a man of peace, peace through strength. | ||
| It upsets him. | ||
| There's been over 3 million casualties combined. | ||
| Not only did not cause this, if he had been president, it would have never happened. | ||
| Also, if he had been a president, this situation with the assets would have never happened. | ||
| I mean, he's been dealt a terrible, terrible, terrible hand, but that's just the reality of it. | ||
| I need this audience to have access to you and your team, particularly over the holidays as they think through the end of the year. | ||
| And you've got all kinds of opportunities with 401ks, IRAs, tax deferred. | ||
| How do people get right to you, Philip, and make sure that they can understand exactly what's going on here in the macro picture, but also understand how they actually get involved with you guys at Birch Gold? | ||
| So it's very simple. | ||
| Birchgold.com forward slash Bannon, or for those who prefer, they can text Bannon to 989898, get access to the information, end of the dollar empire, read it. | ||
| It's going to give you a very solid basis and then how and why to invest in gold under a Trump administration. | ||
| Really good information across the board. | ||
| So birchgold.com forward slash Bannon or Bannon to 989898. | ||
| And they can reach me as always on Geta at Philip Patrick. | ||
| And aren't you going to have a special coming up that's going to end on December 22nd about you get a free kicker of silver? | ||
| Can you explain the audience what that is? | ||
| What that is? | ||
| We do. | ||
| We do. | ||
| We have a Black Friday special coming up. | ||
| It ends. | ||
| So you've got to get your orders in by December. | ||
| And you get a free gold bar with every qualifying purchase. | ||
| I think 20,000. | ||
| So deadline for that is, yeah, every 20,000, a free gold bar. | ||
|
unidentified
|
And it's the 28th of this month is the deadline. | |
| Sir, I want to thank you very much. | ||
| I'd rather go to Birch Gold. | ||
| Go to take your phone out. | ||
| Text Bannon 989898. | ||
| You get access. | ||
| Philip Patrick and his team. | ||
| Philip, thank you so much. | ||
| Appreciate you. | ||
| short break. | ||
| Today, we are proud to announce a big step in keeping our rental housing markets fair and competitive. | ||
| This Department of Justice has taken a major step in lowering the cost of rent in a settlement with RealPage. | ||
| Our settlement, combined with prior settlements with some landlords, is as good as any relief we would get from a court order after a lengthy and expensive trial. | ||
| And importantly, it brings that relief to American consumers now, not three years from now. | ||
| RealPage is an algorithmic pricing system that many large landlords use to coordinate rental prices instead of competing for tenants. | ||
| Landlords fed their confidential data into a shared algorithm that generated daily rent recommendations. | ||
| RealPage was replacing competition with coordination, and renters paid the price. | ||
| We reached a settlement that stops RealPage from coordinating pricing with its customers. | ||
| Under the settlement, the company must stop using competitors' landlords' secret data to set rents in real time. | ||
| And its software can no longer generate hyper-localized pricing that pushes rents up block by block. | ||
| And RealPage must eliminate features that discourage landlords from lowering prices or that nudged competitors toward the same rent levels. | ||
| What does this mean for you and your family? | ||
| It means more real competition in local housing markets. | ||
| It means rents set by the market, not by a secret algorithm. | ||
| It is a win for renters, and it means more affordable options for Americans trying to make ends meet. | ||
| The cost of living is top of mind as we continue to do our important work at the Trump Antitrust Division. | ||
| Thank you for your attention to this matter and thanksgiving wishes to you all, even the haters. | ||
| Gail Slater. | ||
| God, I love you. | ||
| So, Gail, you're going to stick with the six o'clock hours. | ||
| Got a lot more to ask about antitrust and what you're doing over Maine Justice. | ||
| But talk to me about this. | ||
| This is where President Trump's a free market guy. | ||
| You get these computers, you get this algorithm. | ||
| What was this? | ||
| It was actually a computer that set the price that was not a fair market price. | ||
| Basically, yes. | ||
| So it's a piece of software that algorithmically was sorting prices that were going up across millions of rental properties across the country. | ||
| And it was analyzing the pricing data, sending it back to the markets, to the landlords. | ||
| One landlord that we settled with already had a million rental units under management. | ||
| And those prices, those rental prices in those local markets were going up, not down. | ||
| And so we settled with RealPage. | ||
| We've already settled with the biggest landlord and we'll keep going. | ||
| As you know, we're very, very focused on affordability and cost of living, in particular for our young people. | ||
| Millennials spend about a third of their monthly income on their rent alone. | ||
| And then there's the cost of utilities and so on and so forth. | ||
| So that's that's we're very mission oriented around this right now. | ||
| Was this an action that you guys brought or was this case brought to you by somebody else? | ||
| So this was a case that was initially open on the Biden administration. | ||
| Our cases are not done in Trump time. | ||
| We need to get faster about that. | ||
| But it was a holdover case. | ||
| And we, unlike the Biden administration, they didn't settle too many cases. | ||
| We took the view that this was one we could settle. | ||
| We could get a better deal for consumers today than if even if we went to court. | ||
| And three years from now, we prevailed after a very costly litigation involving a lot of taxpayer money and our own resources that could be better spent elsewhere. | ||
| So that's what we're about and that's where we got to today. | ||
|
unidentified
|
We're very happy with the result here. | |
| And what's the drive? | ||
| If I'm some millennial in running an apartment, what does this mean for me starting tomorrow morning? | ||
| Tomorrow morning, it should mean that your landlord is going to start looking harder at those rental contracts and revising those rents downwards. | ||
| And we are already seeing price drops in the relevant markets where we know we had a lot of units under the control of Graystar, and we expect to see more of that. | ||
| Will you take, if people don't go back to the free market and continue to kind of use this, will you go to court and try to shut them down or bring penalties against them? | ||
| 100%. | ||
| 100%. | ||
| We can enforce this order. | ||
| We can enforce an order violation if we see conduct that's contrary to the conduct they signed up for under this order. | ||
| Okay, Gail, can you hang on for a second? | ||
| Gail Slater over at Maine Justice, she's the head of the antitrust division, which is one of the biggest and most powerful, most important of all the divisions within the Department of Justice. | ||
| And we've known Gail from the first term. | ||
| Gail was in the White House with us in the National Security Council. | ||
| She'll join us at the six o'clock hour in a few minutes to discuss more things about antitrust. | ||
| We know everybody in the war room wants entrepreneurial capitalism, entrepreneur finance. | ||
| Mike Lindell, we couldn't get a better entrepreneur than you. | ||
| They've been trying to put you out of business. | ||
| I got to introduce you to Gail Slater, man. | ||
| You could use the Justice Department coming in on your side. | ||
| They've been trying to shut you down forever, sir. | ||
| Absolutely. | ||
| I spent all afternoon, Steve, with lawyers today filling out interrogatories for both a machine company. | ||
| I won't mention no names. | ||
| They all know who they are. | ||
| And our AG in Minnesota attacking my pillows. | ||
| I mean, the Lindel Recovery Network. | ||
| It's been relentless all day. | ||
| But you know what? | ||
| We fight back. | ||
| We just keep on going here at MyPillow because we're not stopping. | ||
| And you guys have helped us. | ||
| I want to tell you all before I get into the Black Friday specials, the men's and women's crosses came in today. | ||
| A Christmas allotment. | ||
| You guys at the war room posse, the best gifts ever. | ||
| Get them for 50% off. | ||
| This is a war room exclusive. | ||
| It's the best gifts ever. | ||
| Now for the Black Friday early specials, we've got the slippers, you guys. | ||
| They're normally $149.98 for $59.98. | ||
| No, no, the war room posse, we're taking off another $20, $39.98. | ||
| All of our Black Friday, everything on our website ships absolutely free. | ||
| This is when shippers raise their prices this time of year, but we're covering the shipping for you. | ||
| Then our blankets that all came in. | ||
| We have all our blankets came in for the Black Friday special as low as $25. | ||
| I'll give an example. | ||
| Pillow shams, normally $69.98. | ||
| $12.88, everybody, for a sec. | ||
| So go to mypillow.com forward slash warroom. | ||
| And there you're going to see we even put the pillows $14.98 for a Black Friday special for the War Room Posse. | ||
| You guys get everything shipped for free, including the big ticket items. | ||
| And what we're going to do, we're going to extend the Christmas guarantee, the 60-day money-back guarantee to March 1st of 2026. | ||
| You guys get, so you can give them this Christmas gift. | ||
| We have the five-piece Bible study or Bible pillows, five gifts for $29.98. | ||
| Promo code Warroom, 800-873-1062. | ||
| My operator standing by now, Steve. | ||
| The most powerful promo code in the business, mypillow.com promo code Warroom. | ||
| By the way, as an aside, I know Keith Ellison, who's the Muslim Attorney General, has been trying to shut down the Christian Recovery Network. | ||
| The Muslim Brotherhood now being designated a terrorist organization. | ||
| I don't know, Keith. | ||
| Maybe think about that. | ||
| Mike Lindell, thank you, brother. | ||
| We'll see you tomorrow morning in the 10 o'clock or 11 o'clock hour. | ||
| Short break. |
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