Episode 2596： We Fell Into A Ring Of Fire
Episode Stats
Words per Minute
176.77928
Summary
We are in the ring of fire. It s a burning ring bound by wild desire, it s a fiery ring, a ring of flames, and it s going to burn you to the bottom of the pit of hell
Transcript
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this is the primal scream of a dying regime pray for our enemies because we're going medieval on
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these people here's not got a free shot all these networks lying about the people the people have
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had a belly full of it i know you don't like hearing that i know you try to do everything
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the world to stop that but you're not going to stop it it's going to happen and where do people
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like that go to share the big line mega media i wish in my soul i wish that any of these people
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had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
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country this country will be saved war room here's your host stephen k bann
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bound by wild desire yeah i fell into a ring of fire
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oh i fell into a burning ring of fire i went down down down and the flames went higher
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and it burns burns burns the ring of fire the ring of fire
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okay welcome saturday 18 march in the year of our lord 2023 and we're in the ring of fire now
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we are in the ring of fire now those are familiar familiar with one of the great works of the western
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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
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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
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it's too late for that um we're in it now we're in it um you have a um a rampaging fire
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throughout the world in the world's financial system and you also have an increasing uh kinetic
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conflict in the eurasian landmass particularly in um ukraine
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where zelinski has determined he's not going to give up uh bakmut and quite frankly i think right now from his strategic
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uh position it's probably smart to do but they're having a a world war one type
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slugfest right there at the city this town of bakmut that not only has a couple thousand people
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left in it uh she is uh en route um to russia to have this uh summit meeting where they're going to
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really it's like the ribbon trough molotov meeting in 1939 although i'd said that that really happened
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during the olympics because these two have been working together so the convergence of what i talked
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about at cpac uh the convergence of the world's geopolitical and military crisis uh that would
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converge with this financial crisis is upon us now and uh we're not going to pull out of this easy
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this is going to take a long time and it's going to be um even when trump gets back in office it's
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not it's not gonna be easy to turn this thing around it's going to take we're now into decades this
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reason i played ring of fire there and we're doing covers from people i think
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under 30 or 35 years old you know most of whom i think overwhelmingly or you know i don't know
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55 45 i have to look at the numbers and parse them when you look at all the population uh support um
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support biden and the biden regime and what they're doing you voted for it baby you got it and um
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you're going to be and i've said this for years but you're going to be nothing but russian serfs
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you're not going to own anything and what you own is not going to be worth anything
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the uh financial crisis when i talk about that in in so you got to remember switzerland
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switzerland is always been like the the the prime bankers of the world right there this is where all
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the guys in sub-saharan africa and the gulf emirates and the chinese communist party and people
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in the united states have numbered bank accounts always put their money in switzerland because
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the swiss bankers are so prudent and so smart it was the reason it was left as a neutral country
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uh even by the nazis and world war ii so you get past money through there the whole world can pass
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money through their launder money through there but they're very smart today uh that you you have
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credit suisse and ubs the two biggest most prominent banks in switzerland being hammered together
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and ubs just announced if they're to do this deal they demand that the swiss national bank that's the
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central bank of switzerland's their federal reserve has to come in and backstop it long story short
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they've nationalized the banks in switzerland okay and i want to make sure everybody understands this
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they've nationalized the banking system here in the united states except for the part and that means
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you under raise a taxpayer but they got a special hinky deal here you're good you maga uh the
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deplorables working class people the wage earners what i call wage earners the wage earners and i don't
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care if you make 250 300 000 a year you're a wage earner okay wage earners um are going to underwrite
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this i want to be very specific about silicon valley bank as things have come out and i want to break this
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deal down to you to understand how you've been screwed okay uh it turns out that remember all
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40 billion dollars 40 billion dollars in one day went out right and this is these venture capitalists
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who got on a call and knew material non-public information remember that phrase material non-public
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information they got this was not put out on press release not put out to the world they got on they
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heard rumors they had talks they had this call with the the the ceo but that they'd already made their
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decision uh 40 billion dollars went out all their money they got all their money out right 40 billion
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dollars 42 billion dollars that was the run of the bank on that thursday then they came out later
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said hey get their money out the um and the bank collapsed the next day i want to walk through
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reporting that's happened since then i remember biden came in immediately and guaranteed the deposit
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they took their deposits out right took their money out i'm not so sure it's even got how much
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she's even gotten back in the um they took their cash out the goldman sachs may so you had two
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things in this bank you you had you had loans that they loan out right that that's their assets
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loans are at this kind of weird accounting or terms but the loans are assets the deposits are
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liabilities that goldman sachs came in and did it who was their financial advisor i think to sell
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the company so this is kind of odd how this happens because normally in the old goldman sachs you
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would separate these out and you would have a conflict so you couldn't do it but goldman it's
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been reported made a hundred million dollars in the trade of the loan package okay the trade the
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loan package financial times are reporting today one of the one of the biggest distressed debt guys
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there's 3.2 billion dollars i think it is face amount of bonds this is bonds that they sell to
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help capitalize the company along with preferred stock and common equity david tepper who's a renowned
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distressed the securities guy is buying the i think the bonds traded down to 40
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cents in the dollar maybe even lower than that he's buying the bonds he's buying the bonds at 40
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cents knowing that the government with your backing is going to is going to buy these things back at
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par cut someone he's going to make a fortune he's going to make a billion dollars so you got goldman
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made a hundred million on one trade you got with the loans you got the guy on the debt side on the
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bond side he's going to make a ton of money in distress i've done a lot of distressed debt trust me
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he walked right in because he sees the suckers that are going to going to back this thing up
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the venture capitalists got all their cash out and then wind all weekend payroll is not going to be
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made they have plenty of money they could they could have given credit lines or operations or payroll
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these companies are not huge companies they're startups so so goldman makes a hundred million
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dollars on the loan package david tepper a multi-billionaire has bought the distressed debt he's going to
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make billions right the the venture capitalists sucked 40 billion of the deposits out protect their
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money and then get by and come in and you've underwritten this entire thing you've written
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underwritten this entire thing you you because bank fees are going to come to you through the fdic you
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you've you've underwritten the entire thing you out there i want you to get really mad about this
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nobody's explained to you like that have it that's that's the deal that you finally was able to
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deconstruct it last night that's the deal that's the deal right that's the deal you get left holding
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you get left backstopping deposits of all these people that de-platformed you debanked you that hate
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your guts and hate everything you stand for you step up in the in the venture capitalists who hate you
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right not just the little founders and the companies all hate you uh they made out like bandits they
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got they got they didn't have to put in credit lines for their companies they got they put the
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deposits back in and got the bank to do it because the government backstopping and just to rub salt
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in your wound because i want to rub salt in it because i want you to be i want you to get mad
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and i want you to get angry because i want you to sit there all weekend and just think about when you
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hear all this happy talk and spinning around everything like that why nobody in the republican
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party has stood up and called this out immediately um janet yellen and we can play that clip later janet
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yellen went in front of the you know you had a senator langford and she just said the only ones we're
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going to guarantee are the ones that could create systemic risk in other words the insiders the big
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guys now i happen to think they've given an implicit uh they've given an implicit um uh put an implicit
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uh you know backing bailout of all of all 19 trillion dollars with your money please remember this is all
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your money so so that's they literally screwed you to your face on spv and goldman sachs is laughing at
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you and david tepper is going to laugh at you and the venture capitalists going to laugh at you they
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ought to laugh you ought to laugh you only had one person who's ever in the room for you donald trump
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donald trump was in the room for you he was in the room he could figure this out in two minutes and
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say we're not going to do that that's not going to happen and biden walks out with that three minutes
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you haven't seen biden talk about this deal since then they put yellen out there to put her out again
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she was a disaster to make sure you understand how bad it is too is that and what they're lying
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and hiding to you the discount window at the fed which is just uh you know your your money you're
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backing it up they had 168 billion and i think as much as 300 billion this week to go to these banks
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because the banks are insolvent let's go back to svb this is very important you understand and please
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it has nothing to do with them being woke that's the cultural thing they are and by the way they had
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all kind of incompetence and mistakes and ridiculous but the regulators and the insiders knew it had a
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leverage of 185 to one it's the bank should be a leverage four or five to one a investment bank
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maybe eight to one and during lehman brothers and bear stearns the banks were hedge funds this bank's a
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this bank's a clubhouse a country club a fraternity a sorority uh with giving each other special deals
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under market loans for for for mortgages uh you know a margin accounts you can buy stock buy more
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stock but the venture capitalists never want to put anything in because they want they don't want
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dilution the management doesn't want dilution they want your money to back it up but understand that
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the one we say the discount went in this massive drawdown of the fed of cash of 160 to 300 billion
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dollars is because the banks they're taking are insolvent wall street journal is reporting there's
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186 banks on a watch list that are just like you know this report is that they feel there's 186 banks
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like uh silicon valley bank silicon valley bank i want you all to understand this was insolvent last
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year probably the third or fourth quarter and people should have known that management should
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have known that they traded around the stock they did a lot of things made commitments this bank was
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insolvent a long time ago insolvent the banking system in the united states is insolvent why do i know
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that the feds open the discount window is for is is is rushing liquidity these are numbers that
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weren't seen even in in in 2008 remember the reason goldman sachs was even saved they made them a bank
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holding company with a one line in the paper signed by paulson bank calling them they could draw down
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five billion dollars on that on that monday when they open otherwise they've been bankrupt that five
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billion dollars staved off bankruptcy oh by the way to the headline in the financial times on top of it
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the um the the bank stocks lost last week a half a trillion dollars your 401ks your your 401ks all of
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it lost a half a trillion dollars in bank stocks half a trillion and the bonds i think even worse i
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think a trillion dollars in bond losses for for the trade in that um you know we've done this with with
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birch gold what we've done with birch gold is to write this uh these this series of reports the third
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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
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that i say that as humbly as i can say prescient as prescient as my c-pack speech but this you got
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to read also gun lunch the number one bond guy in the in the world said yesterday and i'll get into
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more in the next thing he said the fed is out of money it's out of money fed doesn't have any more
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money everything they're printing now is just dollars that you're going to redeem the full faith and
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credit that i keep talking about that that's you so right now you owe it to yourself here's what you
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must do you must go get information you got to go to birchgold.com slash bandit and just get the free
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info kits get all my free i've got a three-part series now on the dollar the debt ceiling the um
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the um the um prime reserve currency all over again this but you need to immerse yourself this
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weekend this is not a holiday week this is a work weekend you have work to do and i haven't even
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gotten into the brightest news of the day president trump tweets out he's going to be arrested on
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tuesday going to be arrested on tuesday did i say we were into it now that we're at the first circle
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of hell there's no turning back the financial crisis and the convergence of the global political
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kinetic war crisis is now upon us we're going to break it all down for you so you're the smartest
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love is a burning thing and it makes a fiery ring
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and it burns burns burns the ring of fire the ring of fire
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okay welcome back you know i think i see this with a uh quite sharp clarity if you've watched this
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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
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here and uh the storm is here and we're in it and i even leave aside the donald trump situation right
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and he's the one guy that gave you peace and prosperity he's the one guy can give us peace
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and prosperity back at least for a while but if you think he had a heavy lift in uh 17 when he came
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in the lift now is going to be 10x art 10x art if you look what's happening in this country and you
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look and here's here's the thing if people had acted like adults over the last 10 days
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if they hadn't put forward a 6.8 trillion dollar budget if they had not um this arrogance of just
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thinking you know gun launch is a serious guy in fact i think i got his um the story and zero hedge
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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
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at gold and um you know this thing's the biggest disaster i've ever seen because remember the
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mechanism we've had for years the fed just printing money monetizing debt that game's over
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i tell you tell us that steve bannon didn't tell you it was over ron paul didn't tell you it was over
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rand paul didn't tell you it was over peter navarre didn't tell you dave bratt that magnificent thing
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of dave bratt last night who told it was over i tell you it told us over the mullahs in persia and
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tehran and in the house of salt are great allies in uh in riyadh the deal they cut in beijing and
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they're they're gonna they're gonna do these 40-year output deals in chinese yuan not dollars not
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petrodollars that tells you how much they think they get the they understand where the math is
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these are not dumb people the people all the guys at the senior levels all went to harvard and yale
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and all these places they got plenty of smart people plenty of london school economics they got plenty of
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smart people they can do math okay and they can just do the math as i've been telling that the
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math doesn't work doesn't work they just see that they see that we're going to crash it not just crash
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this economy crash the banking system but we're crashing the currency that's why i did this with
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birch gold over the last year and i'm so proud with the birch gold guys we thought of this a couple of
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years ago i think the first one came out after we worked on it in the spring of last year um maybe even
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the early winter spring the end of the dollar empire pretty good call bannon end of the dollar
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empire i said it's just like the it's just like brits after the war the british the pound for you
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know since napoleon since the napoleon was defeated had been the the world's currency and he had all that
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packs that hundred years up to world war one of peace relative peace and prosperity right with the
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pound and then you had the the charnel house of world war one and world war two they were gone we
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stepped up brenton woods gone it's going to be gone definitely going to be gone uh it's going to
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have a massive impact massive impact and the and the people that the global south you notice the
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global south you hear this yammering on nbc and cmc every night oh they brought the alliance together
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brought the alliance together that's that's that's all the elites in davos and western europe
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in in boston new york and the acela corridor they're cheering this thing on all white all of them white
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uh most of them don't have kids right hey i'm just saying it like it is right don't really
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believe the underlying values of the judeo-christian west although if they were born christian or
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baptized catholic or if they were born jewish they don't believe the underlying tenets of it they
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don't don't and that's the global south thing over this south africa's doing doing south africa's
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doing uh naval exercises with the russians and the chinese the persians are off the coast of brazil
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where you got lula the global south voting every day and you know what they're thinking and by the
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way every country sub-saharan africa asia latin america they all have very smart people running
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it don't think they're very smart people they all went to the best schools in the world okay they all
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went to the best schools in the world smart people they can do the math and they go we own the
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commodities and the uh the foreign devils have this paper currency called a called a dollar
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so i got peter navar by the way once you go to birch gold today you have a homework assignment
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first off get all three of the installments totally free birchgold.com slash bannon get all three
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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
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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
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you want to call them dr peter navarro my man your thoughts and uh we're in it now brother we're in
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it give me your thoughts and observations well let's start with uh with donald trump um let me tell you
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first who on tuesday will not be arrested um the tony fauci responsible for killing millions of people
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around the world hunter biden uh arguably the the worst uh treasonous uh person who sold us out to
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the communist chinese and the ukrainians um the perpetrators of the russia hoax comey clapper page
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struck and those clowns rose and and meanwhile if you had told me steve when you and i were sitting on
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the eve of the election the trump tower in 2016 that every one of us who was a trump loyalist
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was going to be tried to put in prison or and or subpoenaed by grand juries i would have told you
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what are you smoking hang on hang on hang on from that hang on from two we got to move i gotta get
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through this by the way i want everybody i know president trump put out a tweet this morning i want
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everybody out there to take a deep breath we gotta be very elon moss tweeted out today if they arrest
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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
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in front of us and that is even without the trump the trump situation right now this is my point that's
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why the show today the next hour i got dave walsh coming on energy i've got colonel mills is going to
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actually give a presentation on how they take how the chinese communist party would take the chip
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factories in taiwan we we got to be serious you this this audience you're head of the creditors
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committee and that we have to be don't get me wrong we're not going to back down on this thing
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one inch but we got to play our cards smart here very smart this is about the country right now you
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got to take the emotion out of it and i'm i'm a wild you know a wild screaming irishman right but you
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got we got to be tough uh no seven uh real quickly forget the thing because i i got a lot to get to
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hang on peter i'm running i'm robbing the string 72 48 hours 48 hours after you want on the thursday we
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won wednesday tuesday night was the election we won wednesday morning at 2 30 in the morning on
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thursday evening at 11 o'clock i had a call from alexander preate somebody had to see me a senior
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partner at one of the most prominent white shoe law firms in the country came to my office in trump
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tower where i was running the transition 11 o'clock we're still working came in said i need 10 minutes
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of your time never met the guy in my life he said i followed you my wife knows you i followed you i love
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your work but being ba bang ba bung he says i want to become your lawyer right now i go why do i need
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a lawyer for this he told me peter he said all of you guys including trump will eventually eventually
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they're coming after you hard you eventually all be arrested and you will all be in jail he said it
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right then to my face i said come on get out of here and this guy's a super white shoe law firm
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said it right there he said they will not let this stand they will not let this stand they've been
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coming for us you can see in the on the thing that they did in the fbi back down they've been
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coming for us and here i got a message for all of them we are not backing down one inch and we're
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going to win we're winning right now that's where they're coming after that's where we're using law
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fair because we're winning and here's the other thing you don't have anything to offer because
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you're destroying the country the banking system is insolvent and you got the federal reserve it's not
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steve bannon saying they have no money it's gunledge look at his math the federal reserve has no money
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none okay none you're just printing paper right now and you're infusing this banking system as fast
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as you can put it in like throwing it into a coal fire in an old ship 168 banners or 300 billion
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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
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wall street journal not steve bannon saying there's 186 banks basically the same shape of silicon
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valley bank and it's not the wokeness it's the deposits the hot money deposits plus the unrealized
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losses which you keep lying about you say there's 620 billion dollars of losses of unrealized losses in
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these portfolios that the teppers of the world are going to buy the the the the analysis shows there's
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over two trading you've blown a hole through this whole thing and you have janet yelling up there
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like your crazy aunt daisy came and answered the questions and you have biden look who's doing this
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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
00:25:51.360
screwed every freaking day understand that you this audience you're being screwed the hardest working
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
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
00:26:37.620
we rejoice when there's no more let's take down the ccp
00:26:56.180
love is a burning thing and it makes a fiery rain
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
00:28:22.380
administration's not not gonna do a ceasefire let's get let's kill some more uh ukrainians how
00:28:27.120
many more ukraine how many more ukrainian civilians can we throw into the charnel house
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
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
00:33:55.920
regulators either didn't know it too dumb to understand it or look the other way or look
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
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
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
00:35:26.100
one of his speeches said this was a politician-made disaster there was no reason to do this steve they
00:35:31.960
create a crisis friggin atomic bomb no when they could use the right all you do great hey and by
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
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
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
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
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
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
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
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00:40:56.020
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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
00:43:03.860
were enslaved lao baijing's enslaved they've taken over a great country with 10 000 years of
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
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
00:44:46.840
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
00:45:32.740
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
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
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