Bannon's War Room - Episode 2596： We Fell Into A Ring Of Fire

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:00:10.040 these people here's not got a free shot all these networks lying about the people the people have

00:00:16.640 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:20.400 the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:23.980 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:31.800 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:39.740 country this country will be saved war room here's your host stephen k bann

00:00:53.980 love is a burning thing it makes a fiery ring

00:01:04.460 bound by wild desire yeah i fell into a ring of fire

00:01:14.700 oh i fell into a burning ring of fire i went down down down and the flames went higher

00:01:26.780 and it burns burns burns the ring of fire the ring of fire

00:01:35.180 oh i fell into a burning ring of fire

00:01:53.820 oh i fell into a burning ring of fire

00:02:03.820 okay welcome saturday 18 march in the year of our lord 2023 and we're in the ring of fire now

00:02:25.220 we are in the ring of fire now those are familiar familiar with one of the great works of the western

00:02:30.520 ken and dante's inferno you just keep going down and down and down ring after ring to get to the bottom of the pit of hell

00:02:37.020 um i would like to be able to say that we could uh you know stop this and and and go in a different direction

00:02:43.580 it's too late for that um we're in it now we're in it um you have a um a rampaging fire

00:02:53.140 throughout the world in the world's financial system and you also have an increasing uh kinetic

00:02:59.900 conflict in the eurasian landmass particularly in um ukraine

00:03:04.080 where zelinski has determined he's not going to give up uh bakmut and quite frankly i think right now from his strategic

00:03:09.980 uh position it's probably smart to do but they're having a a world war one type

00:03:15.220 slugfest right there at the city this town of bakmut that not only has a couple thousand people

00:03:20.760 left in it uh she is uh en route um to russia to have this uh summit meeting where they're going to

00:03:28.340 really it's like the ribbon trough molotov meeting in 1939 although i'd said that that really happened

00:03:34.400 during the olympics because these two have been working together so the convergence of what i talked

00:03:38.660 about at cpac uh the convergence of the world's geopolitical and military crisis uh that would

00:03:46.040 converge with this financial crisis is upon us now and uh we're not going to pull out of this easy

00:03:51.920 this is going to take a long time and it's going to be um even when trump gets back in office it's

00:03:57.780 not it's not gonna be easy to turn this thing around it's going to take we're now into decades this

00:04:02.380 reason i played ring of fire there and we're doing covers from people i think

00:04:07.040 under 30 or 35 years old you know most of whom i think overwhelmingly or you know i don't know

00:04:13.860 55 45 i have to look at the numbers and parse them when you look at all the population uh support um

00:04:20.800 support biden and the biden regime and what they're doing you voted for it baby you got it and um

00:04:27.300 you're going to be and i've said this for years but you're going to be nothing but russian serfs

00:04:32.480 you're not going to own anything and what you own is not going to be worth anything

00:04:35.700 the uh financial crisis when i talk about that in in so you got to remember switzerland

00:04:40.740 switzerland is always been like the the the prime bankers of the world right there this is where all

00:04:46.280 the guys in sub-saharan africa and the gulf emirates and the chinese communist party and people

00:04:51.000 in the united states have numbered bank accounts always put their money in switzerland because

00:04:53.940 the swiss bankers are so prudent and so smart it was the reason it was left as a neutral country

00:04:59.040 uh even by the nazis and world war ii so you get past money through there the whole world can pass

00:05:03.580 money through their launder money through there but they're very smart today uh that you you have

00:05:09.460 credit suisse and ubs the two biggest most prominent banks in switzerland being hammered together

00:05:15.340 and ubs just announced if they're to do this deal they demand that the swiss national bank that's the

00:05:20.680 central bank of switzerland's their federal reserve has to come in and backstop it long story short

00:05:25.480 they've nationalized the banks in switzerland okay and i want to make sure everybody understands this

00:05:30.540 they've nationalized the banking system here in the united states except for the part and that means

00:05:36.480 you under raise a taxpayer but they got a special hinky deal here you're good you maga uh the

00:05:42.600 deplorables working class people the wage earners what i call wage earners the wage earners and i don't

00:05:47.580 care if you make 250 300 000 a year you're a wage earner okay wage earners um are going to underwrite

00:05:53.200 this i want to be very specific about silicon valley bank as things have come out and i want to break this

00:05:58.600 deal down to you to understand how you've been screwed okay uh it turns out that remember all

00:06:05.640 40 billion dollars 40 billion dollars in one day went out right and this is these venture capitalists

00:06:10.900 who got on a call and knew material non-public information remember that phrase material non-public

00:06:16.520 information they got this was not put out on press release not put out to the world they got on they

00:06:21.820 heard rumors they had talks they had this call with the the the ceo but that they'd already made their

00:06:27.120 decision uh 40 billion dollars went out all their money they got all their money out right 40 billion

00:06:32.360 dollars 42 billion dollars that was the run of the bank on that thursday then they came out later

00:06:36.480 said hey get their money out the um and the bank collapsed the next day i want to walk through

00:06:42.820 reporting that's happened since then i remember biden came in immediately and guaranteed the deposit

00:06:46.920 they took their deposits out right took their money out i'm not so sure it's even got how much

00:06:51.820 she's even gotten back in the um they took their cash out the goldman sachs may so you had two

00:07:00.060 things in this bank you you had you had loans that they loan out right that that's their assets

00:07:04.600 loans are at this kind of weird accounting or terms but the loans are assets the deposits are

00:07:09.200 liabilities that goldman sachs came in and did it who was their financial advisor i think to sell

00:07:14.560 the company so this is kind of odd how this happens because normally in the old goldman sachs you

00:07:18.820 would separate these out and you would have a conflict so you couldn't do it but goldman it's

00:07:22.620 been reported made a hundred million dollars in the trade of the loan package okay the trade the

00:07:27.640 loan package financial times are reporting today one of the one of the biggest distressed debt guys

00:07:32.560 there's 3.2 billion dollars i think it is face amount of bonds this is bonds that they sell to

00:07:38.120 help capitalize the company along with preferred stock and common equity david tepper who's a renowned

00:07:43.780 distressed the securities guy is buying the i think the bonds traded down to 40

00:07:48.680 cents in the dollar maybe even lower than that he's buying the bonds he's buying the bonds at 40

00:07:54.440 cents knowing that the government with your backing is going to is going to buy these things back at

00:07:59.940 par cut someone he's going to make a fortune he's going to make a billion dollars so you got goldman

00:08:04.620 made a hundred million on one trade you got with the loans you got the guy on the debt side on the

00:08:10.020 bond side he's going to make a ton of money in distress i've done a lot of distressed debt trust me

00:08:14.620 he walked right in because he sees the suckers that are going to going to back this thing up

00:08:18.100 the venture capitalists got all their cash out and then wind all weekend payroll is not going to be

00:08:23.680 made they have plenty of money they could they could have given credit lines or operations or payroll

00:08:29.800 these companies are not huge companies they're startups so so goldman makes a hundred million

00:08:34.340 dollars on the loan package david tepper a multi-billionaire has bought the distressed debt he's going to

00:08:39.780 make billions right the the venture capitalists sucked 40 billion of the deposits out protect their

00:08:45.960 money and then get by and come in and you've underwritten this entire thing you've written

00:08:51.040 underwritten this entire thing you you because bank fees are going to come to you through the fdic you

00:08:55.700 you've you've underwritten the entire thing you out there i want you to get really mad about this

00:09:01.980 nobody's explained to you like that have it that's that's the deal that you finally was able to

00:09:06.360 deconstruct it last night that's the deal that's the deal right that's the deal you get left holding

00:09:13.260 you get left backstopping deposits of all these people that de-platformed you debanked you that hate

00:09:19.780 your guts and hate everything you stand for you step up in the in the venture capitalists who hate you 0.72

00:09:24.540 right not just the little founders and the companies all hate you uh they made out like bandits they

00:09:30.080 got they got they didn't have to put in credit lines for their companies they got they put the

00:09:33.960 deposits back in and got the bank to do it because the government backstopping and just to rub salt

00:09:39.280 in your wound because i want to rub salt in it because i want you to be i want you to get mad 0.86

00:09:43.100 and i want you to get angry because i want you to sit there all weekend and just think about when you

00:09:46.100 hear all this happy talk and spinning around everything like that why nobody in the republican

00:09:50.540 party has stood up and called this out immediately um janet yellen and we can play that clip later janet

00:09:56.680 yellen went in front of the you know you had a senator langford and she just said the only ones we're 0.78

00:10:01.720 going to guarantee are the ones that could create systemic risk in other words the insiders the big

00:10:05.980 guys now i happen to think they've given an implicit uh they've given an implicit um uh put an implicit

00:10:13.000 uh you know backing bailout of all of all 19 trillion dollars with your money please remember this is all

00:10:20.460 your money so so that's they literally screwed you to your face on spv and goldman sachs is laughing at

00:10:29.580 you and david tepper is going to laugh at you and the venture capitalists going to laugh at you they

00:10:33.720 ought to laugh you ought to laugh you only had one person who's ever in the room for you donald trump

00:10:40.320 donald trump was in the room for you he was in the room he could figure this out in two minutes and

00:10:45.380 say we're not going to do that that's not going to happen and biden walks out with that three minutes

00:10:50.140 you haven't seen biden talk about this deal since then they put yellen out there to put her out again

00:10:54.400 she was a disaster to make sure you understand how bad it is too is that and what they're lying

00:10:59.680 and hiding to you the discount window at the fed which is just uh you know your your money you're

00:11:05.340 backing it up they had 168 billion and i think as much as 300 billion this week to go to these banks

00:11:11.820 because the banks are insolvent let's go back to svb this is very important you understand and please

00:11:15.540 it has nothing to do with them being woke that's the cultural thing they are and by the way they had

00:11:20.840 all kind of incompetence and mistakes and ridiculous but the regulators and the insiders knew it had a

00:11:26.480 leverage of 185 to one it's the bank should be a leverage four or five to one a investment bank

00:11:32.800 maybe eight to one and during lehman brothers and bear stearns the banks were hedge funds this bank's a

00:11:38.400 this bank's a clubhouse a country club a fraternity a sorority uh with giving each other special deals

00:11:45.280 under market loans for for for mortgages uh you know a margin accounts you can buy stock buy more

00:11:51.600 stock but the venture capitalists never want to put anything in because they want they don't want

00:11:55.260 dilution the management doesn't want dilution they want your money to back it up but understand that

00:11:59.620 the one we say the discount went in this massive drawdown of the fed of cash of 160 to 300 billion

00:12:06.000 dollars is because the banks they're taking are insolvent wall street journal is reporting there's

00:12:11.840 186 banks on a watch list that are just like you know this report is that they feel there's 186 banks

00:12:18.100 like uh silicon valley bank silicon valley bank i want you all to understand this was insolvent last

00:12:25.320 year probably the third or fourth quarter and people should have known that management should

00:12:29.820 have known that they traded around the stock they did a lot of things made commitments this bank was

00:12:33.440 insolvent a long time ago insolvent the banking system in the united states is insolvent why do i know

00:12:40.260 that the feds open the discount window is for is is is rushing liquidity these are numbers that

00:12:46.720 weren't seen even in in in 2008 remember the reason goldman sachs was even saved they made them a bank

00:12:52.360 holding company with a one line in the paper signed by paulson bank calling them they could draw down

00:12:57.380 five billion dollars on that on that monday when they open otherwise they've been bankrupt that five

00:13:01.820 billion dollars staved off bankruptcy oh by the way to the headline in the financial times on top of it

00:13:07.320 the um the the bank stocks lost last week a half a trillion dollars your 401ks your your 401ks all of

00:13:16.860 it lost a half a trillion dollars in bank stocks half a trillion and the bonds i think even worse i

00:13:23.600 think a trillion dollars in bond losses for for the trade in that um you know we've done this with with

00:13:30.860 birch gold what we've done with birch gold is to write this uh these this series of reports the third

00:13:35.880 one's out called the debt uh the debt trap in the end of the dollar empire uh it's a must read i say

00:13:41.300 that i say that as humbly as i can say prescient as prescient as my c-pack speech but this you got

00:13:49.940 to read also gun lunch the number one bond guy in the in the world said yesterday and i'll get into

00:13:55.700 more in the next thing he said the fed is out of money it's out of money fed doesn't have any more

00:14:00.500 money everything they're printing now is just dollars that you're going to redeem the full faith and

00:14:05.060 credit that i keep talking about that that's you so right now you owe it to yourself here's what you

00:14:09.900 must do you must go get information you got to go to birchgold.com slash bandit and just get the free

00:14:15.860 info kits get all my free i've got a three-part series now on the dollar the debt ceiling the um

00:14:21.520 the um the um prime reserve currency all over again this but you need to immerse yourself this

00:14:27.100 weekend this is not a holiday week this is a work weekend you have work to do and i haven't even

00:14:31.880 gotten into the brightest news of the day president trump tweets out he's going to be arrested on

00:14:36.100 tuesday going to be arrested on tuesday did i say we were into it now that we're at the first circle

00:14:42.260 of hell there's no turning back the financial crisis and the convergence of the global political

00:14:49.440 kinetic war crisis is now upon us we're going to break it all down for you so you're the smartest

00:14:55.420 person in the room in the war room

00:14:57.720 love is a burning thing and it makes a fiery ring

00:15:15.920 and it burns burns burns the ring of fire the ring of fire

00:15:46.560 okay welcome back you know i think i see this with a uh quite sharp clarity if you've watched this

00:15:52.800 show for the last couple years and um there's no going back now we're in it i said c-pack the storm's

00:15:59.220 here and uh the storm is here and we're in it and i even leave aside the donald trump situation right

00:16:05.700 and he's the one guy that gave you peace and prosperity he's the one guy can give us peace

00:16:09.400 and prosperity back at least for a while but if you think he had a heavy lift in uh 17 when he came

00:16:15.860 in the lift now is going to be 10x art 10x art if you look what's happening in this country and you

00:16:22.560 look and here's here's the thing if people had acted like adults over the last 10 days

00:16:27.400 if they hadn't put forward a 6.8 trillion dollar budget if they had not um this arrogance of just

00:16:34.300 thinking you know gun launch is a serious guy in fact i think i got his um the story and zero hedge

00:16:40.880 up on my getter if not i'll put up right afterwards he just said hey the fed's out of money i'm looking

00:16:46.220 at gold and um you know this thing's the biggest disaster i've ever seen because remember the

00:16:52.160 mechanism we've had for years the fed just printing money monetizing debt that game's over

00:16:56.160 i tell you tell us that steve bannon didn't tell you it was over ron paul didn't tell you it was over

00:17:00.360 rand paul didn't tell you it was over peter navarre didn't tell you dave bratt that magnificent thing

00:17:04.000 of dave bratt last night who told it was over i tell you it told us over the mullahs in persia and

00:17:10.620 tehran and in the house of salt are great allies in uh in riyadh the deal they cut in beijing and

00:17:17.360 they're they're gonna they're gonna do these 40-year output deals in chinese yuan not dollars not

00:17:22.940 petrodollars that tells you how much they think they get the they understand where the math is

00:17:28.360 these are not dumb people the people all the guys at the senior levels all went to harvard and yale

00:17:32.680 and all these places they got plenty of smart people plenty of london school economics they got plenty of

00:17:36.740 smart people they can do math okay and they can just do the math as i've been telling that the

00:17:41.880 math doesn't work doesn't work they just see that they see that we're going to crash it not just crash

00:17:46.920 this economy crash the banking system but we're crashing the currency that's why i did this with

00:17:51.740 birch gold over the last year and i'm so proud with the birch gold guys we thought of this a couple of

00:17:55.860 years ago i think the first one came out after we worked on it in the spring of last year um maybe even

00:18:01.200 the early winter spring the end of the dollar empire pretty good call bannon end of the dollar

00:18:07.200 empire i said it's just like the it's just like brits after the war the british the pound for you

00:18:13.320 know since napoleon since the napoleon was defeated had been the the world's currency and he had all that

00:18:18.900 packs that hundred years up to world war one of peace relative peace and prosperity right with the

00:18:24.940 pound and then you had the the charnel house of world war one and world war two they were gone we

00:18:28.920 stepped up brenton woods gone it's going to be gone definitely going to be gone uh it's going to

00:18:35.020 have a massive impact massive impact and the and the people that the global south you notice the

00:18:40.100 global south you hear this yammering on nbc and cmc every night oh they brought the alliance together

00:18:46.080 brought the alliance together that's that's that's all the elites in davos and western europe

00:18:50.180 in in boston new york and the acela corridor they're cheering this thing on all white all of them white 0.98

00:18:58.160 uh most of them don't have kids right hey i'm just saying it like it is right don't really

00:19:06.560 believe the underlying values of the judeo-christian west although if they were born christian or

00:19:11.720 baptized catholic or if they were born jewish they don't believe the underlying tenets of it they

00:19:15.440 don't don't and that's the global south thing over this south africa's doing doing south africa's

00:19:22.080 doing uh naval exercises with the russians and the chinese the persians are off the coast of brazil

00:19:28.020 where you got lula the global south voting every day and you know what they're thinking and by the

00:19:32.800 way every country sub-saharan africa asia latin america they all have very smart people running

00:19:37.300 it don't think they're very smart people they all went to the best schools in the world okay they all

00:19:40.680 went to the best schools in the world smart people they can do the math and they go we own the

00:19:45.140 commodities and the uh the foreign devils have this paper currency called a called a dollar

00:19:51.220 so i got peter navar by the way once you go to birch gold today you have a homework assignment

00:19:56.980 first off get all three of the installments totally free birchgold.com slash bannon get all three

00:20:02.800 episodes all three installments and read them read them even if you don't understand them just read

00:20:08.100 them take notes and every day we're going to get into this because this is about your life

00:20:11.020 and then also get all to get the free info kits on on on the 401ks the iras all their different

00:20:17.440 services and products just get it immerse yourself and of course phil patrick the guys are there if

00:20:21.880 you want to call them dr peter navarro my man your thoughts and uh we're in it now brother we're in

00:20:28.180 it give me your thoughts and observations well let's start with uh with donald trump um let me tell you

00:20:35.520 first who on tuesday will not be arrested um the tony fauci responsible for killing millions of people

00:20:42.400 around the world hunter biden uh arguably the the worst uh treasonous uh person who sold us out to

00:20:49.460 the communist chinese and the ukrainians um the perpetrators of the russia hoax comey clapper page 0.73

00:20:55.840 struck and those clowns rose and and meanwhile if you had told me steve when you and i were sitting on

00:21:03.300 the eve of the election the trump tower in 2016 that every one of us who was a trump loyalist 0.97

00:21:09.740 was going to be tried to put in prison or and or subpoenaed by grand juries i would have told you

00:21:18.420 what are you smoking hang on hang on hang on from that hang on from two we got to move i gotta get

00:21:23.140 through this by the way i want everybody i know president trump put out a tweet this morning i want

00:21:26.460 everybody out there to take a deep breath we gotta be very elon moss tweeted out today if they arrest

00:21:32.340 president trump he wins in a landslide i say if the arresting wins the primary that that day and wins

00:21:38.980 in a landslide but we got to be very focused and very mature the country is the country is collapsing

00:21:45.740 in front of us and that is even without the trump the trump situation right now this is my point that's

00:21:51.880 why the show today the next hour i got dave walsh coming on energy i've got colonel mills is going to

00:21:57.480 actually give a presentation on how they take how the chinese communist party would take the chip

00:22:01.460 factories in taiwan we we got to be serious you this this audience you're head of the creditors

00:22:08.340 committee and that we have to be don't get me wrong we're not going to back down on this thing

00:22:12.380 one inch but we got to play our cards smart here very smart this is about the country right now you

00:22:17.380 got to take the emotion out of it and i'm i'm a wild you know a wild screaming irishman right but you

00:22:22.600 got we got to be tough uh no seven uh real quickly forget the thing because i i got a lot to get to

00:22:27.840 hang on peter i'm running i'm robbing the string 72 48 hours 48 hours after you want on the thursday we

00:22:34.180 won wednesday tuesday night was the election we won wednesday morning at 2 30 in the morning on

00:22:38.140 thursday evening at 11 o'clock i had a call from alexander preate somebody had to see me a senior

00:22:44.000 partner at one of the most prominent white shoe law firms in the country came to my office in trump

00:22:50.240 tower where i was running the transition 11 o'clock we're still working came in said i need 10 minutes

00:22:55.340 of your time never met the guy in my life he said i followed you my wife knows you i followed you i love

00:23:00.160 your work but being ba bang ba bung he says i want to become your lawyer right now i go why do i need

00:23:04.120 a lawyer for this he told me peter he said all of you guys including trump will eventually eventually

00:23:12.620 they're coming after you hard you eventually all be arrested and you will all be in jail he said it

00:23:18.080 right then to my face i said come on get out of here and this guy's a super white shoe law firm

00:23:23.380 said it right there he said they will not let this stand they will not let this stand they've been

00:23:29.900 coming for us you can see in the on the thing that they did in the fbi back down they've been

00:23:32.960 coming for us and here i got a message for all of them we are not backing down one inch and we're

00:23:37.980 going to win we're winning right now that's where they're coming after that's where we're using law

00:23:41.900 fair because we're winning and here's the other thing you don't have anything to offer because

00:23:47.640 you're destroying the country the banking system is insolvent and you got the federal reserve it's not

00:23:53.760 steve bannon saying they have no money it's gunledge look at his math the federal reserve has no money

00:23:59.460 none okay none you're just printing paper right now and you're infusing this banking system as fast

00:24:07.560 as you can put it in like throwing it into a coal fire in an old ship 168 banners or 300 billion

00:24:12.700 dollars in one week and quantitative easing that's what it is you're trying to expand the credit base

00:24:16.940 because these banks are insolvent you have 80 you have 186 banks reported by the economist in the

00:24:22.340 wall street journal not steve bannon saying there's 186 banks basically the same shape of silicon

00:24:28.460 valley bank and it's not the wokeness it's the deposits the hot money deposits plus the unrealized

00:24:35.180 losses which you keep lying about you say there's 620 billion dollars of losses of unrealized losses in

00:24:42.140 these portfolios that the teppers of the world are going to buy the the the the analysis shows there's

00:24:51.480 over two trading you've blown a hole through this whole thing and you have janet yelling up there

00:24:56.380 like your crazy aunt daisy came and answered the questions and you have biden look who's doing this

00:25:01.900 everything they tell you is a lie and every day you find out more information did anybody explain to you

00:25:06.540 the deal who made money off this deal think about it did anybody on any tv was fox business sitting

00:25:11.620 there talking about this was cnbc talking about this they talk about the hundred million dollars go and

00:25:16.540 made in the trade that's a print in the new york times they talk about the financial times of london

00:25:20.820 today david tepper going to he's buying the bonds for 30 cents on the dollar going to make out like a

00:25:25.480 bandit they talk about the venture capital suck 40 billion dollars in one day one day out of a bank

00:25:31.080 to get their money and then sit there and whine and cry like babies all weekend that all these companies

00:25:36.320 these great companies the innovation is going to make it's their companies give them a credit line

00:25:39.720 it's not a big deal get a credit line hey you can pay you got 10 guys at the company pay make payroll pay

00:25:44.140 operations pay the rent you know buy buy some buy some frescas for the refrigerator you're being 0.66

00:25:51.360 screwed every freaking day understand that you this audience you're being screwed the hardest working 0.94

00:25:58.320 best people in the world are you're the what i've been telling you for years you're the full faith and 0.98

00:26:04.080 credit of the united states those aren't just words it's you you you're you're the one that makes

00:26:11.080 money good don't believe me who backed up the deposits it's your oh the fdic banking fees fdic

00:26:17.700 by the way just to make a thing they only have a hundred billion dollars in their whole account

00:26:20.960 and most of that's in government securities i'm sure that's down 50 percent 60 percent you're going

00:26:26.240 to make it up okay short commercial break we're jammed up already i got bradley thayer i got peter

00:26:33.180 navarra rebecca koffler going to try to get it all in short break back in a moment 0.99

00:26:37.620 we rejoice when there's no more let's take down the ccp 1.00

00:26:56.180 love is a burning thing and it makes a fiery rain

00:27:24.480 okay welcome back

00:27:36.100 our polish allies in slovakia has committed giving mig 29s to uh to ukraine and the ukrainians and

00:27:44.440 zelinski look as you folks know i'm no zelinski fan but man he made a tough call and he's sticking

00:27:49.400 with it he's holding bakmut strategically and you know the wagner group the wagner group or whatever

00:27:55.660 they call themselves and other sets of mercenaries they're they're they're they can't close the deal

00:28:00.640 there that is a that is a classic that's the most important biggest battle of the 21st century

00:28:05.560 bar none right and they're standing there and the ukrainians are given as good as they get and i'm

00:28:10.620 telling you it's a quite heroic stand she's gonna on she's saying hey we gotta have a ceasefire sit

00:28:17.820 down biden's already said no ceasefire they're not even letting zelinski answer here biden 0.91

00:28:22.380 administration's not not gonna do a ceasefire let's get let's kill some more uh ukrainians how 1.00

00:28:27.120 many more ukraine how many more ukrainian civilians can we throw into the charnel house 0.99

00:28:30.460 look at that we're we're in we're in the first circle of hell right now you ain't seen nothing yet

00:28:36.440 you you have no earthly idea of the scale of this is going to be the swiss have nationalized their

00:28:43.820 banking system today they've had i call it i call on getter their lehman moment this weekend that's

00:28:48.020 their lehman moment and you've got a federal reserve and i told people down orlando if the

00:28:53.900 republicans don't step to a microphone the republican party should explain this deal should

00:28:57.960 have come to to the mchenry the finance committee should have had enough balls and smarts to walk

00:29:02.780 to a microphone on thursday explain this deal goldman makes a hundred million dollars on the 0.95

00:29:06.940 loans david tepper is going to make a billion dollars on the bonds the venture capitalists suck forty

00:29:11.320 billion dollars out of it and then whined uh didn't put any money back in no credit lines

00:29:16.260 for companies you came in and backstopped all the um all the deposits you the community banks which

00:29:22.000 which which yelling tells you on on on wednesday or thursday tells langford no it's only if it's only

00:29:28.220 only if the bank can cause systemic risk that ain't the community banks out in in um in uh oklahoma

00:29:34.460 that credit's going to all dry up every person got a small business or an entrepreneur go hug

00:29:40.060 your banker this weekend go buy him a cup of coffee hug him keep close to him because that's

00:29:46.160 been your lifeline hey the credit's going to dry up rapidly peter navarro talk to me about it give

00:29:51.620 me a couple of minutes on this i know you get a punch steve an inflationary bomb uh on steroids

00:29:58.480 a neutron bomb of expansionary monetary policy that's what's going on at the fed's discount window

00:30:05.560 we had 158 billion dollars go out that window in a single week that's 40 billion dollars higher than

00:30:15.600 the highest week in the 2008 crash now here's what you got to know the discount window is just that

00:30:22.600 it's like a pawn shop for banks right they come in and they bring collateral and the fed typically gives

00:30:29.420 them less money than the collateral's worth in case they default right um and that gives them incentive

00:30:36.120 not to default but in this case but hold it but hold it but hold it yeah they're giving they're giving

00:30:41.620 the government securities yeah yes that's the point they come in they come in uh now and what they're

00:30:49.980 doing is giving these these uh bonds which are worth much less than par and they're just giving them to

00:30:57.660 the fed the feds giving them full value okay full value it's pretend and the moral hazard here is

00:31:04.660 that every bank in america has the incentive to go in and take as much money out no matter how good or

00:31:10.720 bad their bonds are big time and steve let me what it's doing effectively is is adding these bonds to

00:31:17.500 the balance sheet of the fed which is expansionary and inflationary a hundred percent yeah you won't hear

00:31:23.540 that the the no the the the the american recovery act because we already had aggregate demand back

00:31:30.760 the massive spending and all the bills they passed and we sat here and yelled and screamed about them

00:31:35.520 and the collaboration republican the senate helped them all of that that spending in the way it was

00:31:41.340 financed by the fed printing money so the that led to the inflation the dumpster fire the inferno of

00:31:48.840 inflation that led to the biden bonds the bonds are these government securities that remember when

00:31:53.980 trump it was zero point eight point zero eight six so people have bought those bonds when the interest

00:32:00.140 rates were low as the interest rates jacked because the fed had to do it to try to star off inflation

00:32:04.520 the bonds dropped massively in value they say 600 billion of unrealized unrealized losses i think there's i think

00:32:12.040 there's two trillion okay now silicon valley bank had 17 billion and blew a hole it blew a hole in their

00:32:19.540 balance sheet they never recovered that's all the depositors one want to get higher returns other

00:32:23.660 places but also saw this bank was going down now you've got now you've got this other scam this week

00:32:29.540 this is so important what peter navara just told you and we're trying to make it as basic as possible

00:32:34.480 so you must understand the way the system works because the system is screwing you every day and if you sit

00:32:38.960 there and tolerate it if you let your representatives tolerate it you deserve to get rolled over just like

00:32:44.600 the people under 35 that voted for biden you're going to get everything you voted for baby just

00:32:49.800 embrace it you talk a big game hey go live the big game go live big you're going to have you're going

00:32:55.960 to have two or three decades with under two percent growth one and a half percent growth okay it's going

00:33:01.040 to be like japan you're gonna have lost decades and under 35 you're gonna a couple lost generations

00:33:05.100 sorry just doing some simple math what they're doing the fed right now to peter's point is they

00:33:12.040 walk in hey what clattery got for this oh i got all these government bonds they're trading at 30 cents

00:33:16.940 for the dollar what's david tepper what david tepper buying these things for they're trading at 30 cents

00:33:20.940 on the dollar 30 cents on the dollar okay okay okay i got it we'll give you a par value they're in

00:33:29.420 why are they infusing why are they infusing the system and doing this phony thing to infuse the

00:33:34.700 system with cash as much as possible the banks are insolvent the banks are insolvent

00:33:41.260 i'm not trying to initiate a bank run i'm trying to talk about reality because nobody will talk

00:33:46.800 reality to you s silicon valley bank was insolvent in the third or fourth quarter of last year and the 0.83

00:33:55.920 regulators either didn't know it too dumb to understand it or look the other way or look 0.76

00:34:02.280 the other way peter navarre we got i got a punch but you'll be up and get her with me over the 0.70

00:34:07.260 weekend and we're going to have you back here monday morning at 10 because i'm sure there's going

00:34:11.040 to be a fiasco the lehman moments happening in in zurich right now even as we speak they're jamming

00:34:16.600 two of the oldest credit suisse is what 200 years old it was there during the napoleonic war

00:34:22.120 this bank is getting merged this weekend why because they have to basically basically the

00:34:26.780 swiss national bank is taking over the banking system that's what's happening peter any other

00:34:31.460 closing thoughts of wisdom yeah the the key point here steve is that the expansionary effects of this

00:34:40.300 discount window pawn shop movement are going to dwarf any rate hike so effectively what we're doing is

00:34:47.560 we're expanding monetary policy into a wave of inflation check out the the substack peternavaro

00:34:54.420 but hang on but yeah but hang on hang on hang on hang on hang on you get me going again but you

00:35:00.040 gotta remember quantitative easing and tighten the nine and a half trillion or now eight point four

00:35:04.080 trillion on the on the balance sheet of fed the way the the yes this is this is they they've they've

00:35:09.800 this is quantitative easing this is discount window full collateral okay and there's so many scams 1.00

00:35:18.320 going on right now so many scams they're so stupid this was so one this is the thing donald trump in 0.99

00:35:26.100 one of his speeches said this was a politician-made disaster there was no reason to do this steve they 1.00

00:35:31.960 create a crisis friggin atomic bomb no when they could use the right all you do great hey and by 0.53

00:35:38.740 the way sbb you want me get me going never should have been rescued okay let them eat cake not us 0.91

00:35:45.440 okay never it should have gone under should not us should have gone under they were totally dialed in

00:35:51.560 yes sir thank you were totally plugged in have a good weekend sir i'll come back thank you brother

00:35:56.400 appreciate it it's it's it's a it's a giant it's a giant con it's a giant scam

00:36:03.440 it's gonna look sad the fed's broke the fed is broke it's just printing money right now you're

00:36:09.120 you're the full faith in credit you're backing it up you you do you have a warrant package by the way

00:36:15.240 when goldman made a hundred million dollars and and tepper's gonna make a billion dollars and the

00:36:19.620 hedge funds got their money out so the companies are okay and then you came in they didn't put in

00:36:23.200 credit lines do you have a warrant package did you get out of the money options did you get uh

00:36:28.780 they give you a little preferred stock you get anything check around can you look around your

00:36:32.020 desk right now if you're in your car can you look in your glove compartment you get anything

00:36:34.760 did you get something got a little paper got some warrants got a warrant package got some options

00:36:39.480 like to get in silicon valley got options package how's that option package you got the same freaking

00:36:44.260 options package you got in 2008 which was nothing that's what you got and the people said oh well you

00:36:50.040 know but they they got like four percent come on you took all the risk got nothing you have a

00:36:54.320 nothing all they're gonna do is devalue the currency devalue it so you have less than nothing

00:36:59.440 and you're going to have uh falling incomes and higher inflation so you're gonna he's at 24 months

00:37:04.440 it's going to go to 36 months it's going to go 48 months

00:37:06.860 go to birchgold.com right now get the reports i've done and particularly the debt trap the last one

00:37:14.000 also get all the immersive stuff this is a working weekend can't take this weekend off this is a working

00:37:18.480 weekend put the golf clubs back put the tennis rackets up sorry put the bike away cut the tv off

00:37:25.660 get focused we got a lot of work to do got a lot of work to save your family got a lot of work to save

00:37:30.560 yourself you got a lot of work to save your retirement you got a lot of work to save your

00:37:33.820 community and your country and if you can't do it it it can't be done let me give you the bad news

00:37:42.320 that's why i have everybody watch that movie 12 o'clock high when gregory peck walks in there

00:37:47.220 says hey you're you're the only thing we got and if you can't do it we might as well find out now

00:37:52.160 that's we got to find out on top of all that to add to all this pleasure the two mortal enemies the

00:38:00.420 kgb and the ccp are having a soiree on monday think about this they're going to arrest donald trump 0.90

00:38:05.700 on tuesday and she's with putin on monday how's that has is that how's that set the one guy that

00:38:11.780 backed him off the one guy that backed him off i want you to think about that the one guy that

00:38:15.400 backed him off by some punk in new york city the one guy that backed him off think about that i want

00:38:22.340 you to embrace that dr thayer uh tell me about this globalization initiative and then i want to get

00:38:27.840 your article in the hill newspapers magnificent as i have said we can't play footsie with this anymore

00:38:33.400 we must focus on taking down the chinese communist party that should be our sole national security and 1.00

00:38:40.100 foreign affairs policy should be cutting off capital technology the swiss system we have the biden regime

00:38:47.880 has now created a monster like the like the uh molotov rubentrop pack in 1939 and we saw where that went

00:38:55.160 baby we saw where they went how many kids in kansas are dead because of that how many kids in louisiana

00:38:59.940 new york city in chicago la huh how many died how many died in europe because of that

00:39:06.780 they are give me xi's globalization uh project for us then we'll go to break and come back how

00:39:13.280 we're going to take down the ccp sir sure steve great to be with you again uh so on wednesday uh 1.00

00:39:19.640 the uh communist leaders xi jinping um addressed a group of political leaders worldwide political leaders

00:39:27.380 and he advanced a global civilizational initiative uh what's important about this first of all is that

00:39:34.140 this is political warfare and it's uh a salvo in political warfare what xi jinping is signaling is

00:39:41.300 that china is going to set the rules of the road now and in the future uh the 21st century belongs to 0.99

00:39:48.460 china doesn't belong to the united states anymore and so uh this event where he talked about the

00:39:54.800 greatness of civilizations implicitly of course most important with that is chinese civilization

00:40:00.460 uh should be also thought of in terms of other activities that he's taken there was the global

00:40:06.880 security initiative right lots of themes about global right no longer a china focus but a global focus

00:40:13.980 uh for xi jinping because he wants to dominate the world the global security initiative is to replace 1.00

00:40:20.820 the munich conference the annual security conference uh which is held every winter uh in munich

00:40:26.920 yeah doc hang on doc hang on for a second we're gonna come back he's uniting the global south

00:40:33.680 the ones that control the commodities and natural resources he's saying are you going to take this

00:40:40.300 federal reserve now you're going to take a dollar where they're going to devalue with you their

00:40:42.960 financial system's collapsing it's collapsing come with us short commercial break the early days of the

00:40:50.640 third world war the first ring of dante's inferno all next only in the world

00:40:56.020 the new social media taking on big tech protecting free speech and canceling cancel culture join the

00:41:06.920 marketplace of ideas the platform for independent thought has arrived superior technology no more

00:41:13.040 selling your personal data no more censorship no more cancel culture enough getter has arrived

00:41:20.680 it's time to say what you want the way you want download now

00:41:25.880 okay make sure you go to mypillow.com you need sleep i didn't sleep a lot last night because i was

00:41:31.860 working on this show but you're going to need sleep and uh the hours you need and the hours you get

00:41:36.960 you're going to make it have to make a great sleep mypillow.com promo code war room make sure you go

00:41:42.160 get the mypillow 2.0 also you must do your homework assignment go to birchgold.com

00:41:46.800 slash bannon you get the three-part series all free you also have information kits if gun launch

00:41:53.420 is by okay if japan china and india are buying gold is fascinating and buy it and gun launch is saying

00:41:58.640 hey i think i'm out of bonds the federal reserve is going to screw us he's in gold it's time for you

00:42:03.500 to immerse yourself this weekend in information and talk to your significant other hey what should we do

00:42:08.360 here okay i'm serious look i know this has been a very serious conversation right i can't have this

00:42:14.600 with everybody i can have it with you you know why because you're the you're the vanguard if you can't

00:42:19.240 hold the line the country's finished done let me be blunt done it'll it'll still exist it'll just be

00:42:25.520 something radically different be not afraid okay we straight on that we got that you got this okay fine

00:42:34.880 by the way i'm not that i feel but i feel great because now you realize um it's like the revolution

00:42:40.540 civil war great depression world war ii it's all on your shoulders all on your shoulders it's so

00:42:46.060 obvious now it's on your shoulders we only got a couple of minutes a doc i'll have you back on monday

00:42:50.660 they're meeting in moscow on monday this article of thayer you've got to read he just we must take

00:42:57.460 down the ccp we cannot coexist with the chinese communist party it's impossible the chinese people 1.00

00:43:03.860 were enslaved lao baijing's enslaved they've taken over a great country with 10 000 years of 1.00

00:43:08.460 civilization and a great and noble people we cannot allow that to exist we have to assist lao baijing

00:43:14.960 and overthrowing them uh the the meetings in moscow dr thayer give me a minute or two on that before we

00:43:20.840 get a punch sure steve this is a lot like the road to kenasa just in reverse right so in 1077 the holy

00:43:28.640 roman empire went to see the pope at kenasa and begged forgiveness to be he was excommunicated

00:43:34.040 because of uh major disagreements with the pope and his unwillingness to accept the pope's authority

00:43:40.040 and the pope forgave him at kenasa right what are we seeing here xi is going to meet uh essentially

00:43:46.540 vladimir putin his supplicant uh and vladimir putin is going to beg forgiveness and the absolution

00:43:52.820 of all of his sins because he needs the pope he needs xi jinping to back him uh in this war 0.93

00:43:59.200 putin has put obviously russia in the pocket of china and he's going to rue the day that he did that

00:44:05.820 we uh and we've and we and and biden and biden forced that merger hey doc we got to go

00:44:12.060 give your social media and i'm gonna put the article out everywhere where do they go

00:44:16.660 uh center for security policy.org is a great place and then bradley thayer at getter and truth

00:44:22.600 okay brother well i'm gonna put it up i'm gonna put it all up uh right now dr thayer's got a piece

00:44:30.260 uh dr thayer's got an incredible piece on um taking down the chinese communist party okay

00:44:36.340 um the um okay what are we doing here we got it good okay we get it we're gonna end

00:44:44.380 with ring of fire

00:44:46.840 because we are uh we're in the first circle of hell just the first just the first of dante's

00:44:57.000 and it's gonna burn baby trust me they're burning through the american financial system

00:45:03.600 even to speak just remember this the system's insolvent they made it insolvent they made it

00:45:10.780 insolvent and this weekend they're shoveling more cash into the can and that's all going to blow

00:45:15.260 back on you on more inflation remember inflation is an unfair tax particularly on the working class

00:45:21.960 and the working poor okay and none of the band-aids they put on there and none of these free giveaway

00:45:26.700 programs make up for it no snap program will ever make up for what they're destroying of your income

00:45:31.280 because they don't care

00:45:32.740 we're gonna make sure we put up all these artists from this point

00:45:58.820 uh grace and mo let's get them up in the chat so people see these great artists doing the covers

00:46:04.460 of johnny cass's classic ring of fire because we're in it now there's no turning back but be not afraid

00:46:13.200 take a short commercial break here in a second we're going to be back we're going to break down

00:46:18.680 matt boyle's great interview with the speaker of the house dave walsh is going to join about the

00:46:23.820 energy situation and the deal in tehran and saudi arabia it's going to destroy the dollar

00:46:28.100 okay and we're going to talk about the invasion of taiwan how the ccp is going to take the chip 0.96

00:46:34.240 factories and how we're going to defend them go to birchgold.com slash bannon get all of the

00:46:41.940 writings i've done there and get every information kit it's a work weekend i'll be up on getter full

00:46:46.960 time we're going to take a short commercial break we'll be back for the second hour of the war room

00:46:52.720 so

00:47:00.040 so

00:47:03.460 so

00:47:08.820 The taste of love is sweet

00:47:28.560 When hearts like ours meet

00:47:33.980 I fell for you like a child

00:47:41.540 Oh, but the fire went wild

00:47:47.360 I fell into a burning ring of fire

00:47:55.300 I went down, down, down

00:47:59.000 And the flames, they went higher

00:48:01.900 And it burns, burns, burns

00:48:05.640 The rain of fire

00:48:08.720 The rain of fire

00:48:11.760 Woo! 0.99

00:48:14.400 Down, down, down

00:48:17.080 Into that ring of fire

00:48:19.940 Down, down, down

00:48:23.640 And the flames, they went higher

00:48:26.420 Down, down, down

00:48:30.280 Bound by desire

00:48:33.020 And it burns, burns, burns

00:48:37.020 The rain of fire

00:48:39.660 The rain of fire

00:48:43.020 The rain of fire

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00:51:14.360 Bye

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00:51:37.860 Bye

Bannon's War Room - March 18, 2023

Episode 2596： We Fell Into A Ring Of Fire

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Summary

Transcript