Bannon's War Room - Episode 2597： The Tensions With Taiwan; Oil Prices Plummet

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

00:00:11.000 these people here's not got a free shot all these networks lying about the people the people have

00:00:17.600 had a belly full of it i know you don't like hearing that i know you try to do everything

00:00:21.360 in the world to stop that but you're not going to stop it it's going to happen and where do people

00:00:24.940 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:32.760 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:40.700 country this country will be saved war room here's your host stephen k band

00:00:47.920 okay welcome it's uh welcome back it's saturday march 20 uh march 18th 18 march the year of our

00:00:57.600 lord 2023 um you know we're talking today about the convergence of this geopolitical crisis

00:01:04.520 uh particularly the war that the chinese communist party has against the united states of america the

00:01:09.720 merger that this massive geopolitical uh conflict that's taking place in the eurasian landmass and

00:01:15.520 taking place here in this country with their unrestricted warfare the conversion of that with

00:01:19.580 this um with this uh financial crisis we want to thank birch gold for for sponsoring uh today um

00:01:27.060 and the reason is we want that we've worked in partnership with birch gold to kind of walk you

00:01:31.800 through what was going to happen here we started i think over a year ago was in the spring

00:01:35.680 winter of 2022 i think it was we came up with the first in our episodes of the end of the dollar

00:01:43.460 empire and we're trying to show people hey with this fiat currency and what they're doing and

00:01:48.380 spending this is going to be a nightmare so we did it three parts we first we did the um the

00:01:54.300 politics of money i want to lay a predicate to understand from the founding of the republic with

00:01:58.560 with hamilton and this debates with jefferson and all that all the way through andrew jackson

00:02:03.200 president lincoln uh william jennings bryan uh versus the uh the oligarchs the robber barons of the

00:02:09.600 of the late uh 19th century and then all the way to the forming of federal reserve you had this whole

00:02:14.760 century of the politics of money that kind of went away with the creation of the federal reserve we

00:02:19.120 kind of took money out of the political debate the second part where we talked about was after world

00:02:25.860 war ii with the with the collapse of the british empire essentially because of all the casualties and

00:02:31.700 what had happened the destruction of their wealth and treasure in world war i in world war ii that

00:02:36.640 the pound which had been the prime reserve currency throughout the world because in a global trading

00:02:41.580 system you need one currency that you convert you can convert into to make to do transactions all

00:02:47.240 over the world the pound had been that with the collapse of british empire and brenton woods the

00:02:51.480 united states became not just the hegemon or the the superpower with russia because of nuclear weapons

00:02:57.320 we also became the the really the financial hegemon with the u.s dollar and how the pressure on that

00:03:02.900 the importance of that is the prime reserve currency and the pressure of that uh what was going to uh

00:03:07.960 what was going to happen if we ever lost it i lost it and what efforts we were making as a society a

00:03:14.220 culture and a political system to actually destroy that the third and i'm really proud that we got into

00:03:19.020 this over the holidays to start working this november and december that it's called the third series

00:03:24.240 is called the debt trap and we really lay out and it's more relevant today even when we're doing

00:03:29.840 so that's what i'm really thankful for the team we're working through uh the debt trap shows you

00:03:34.420 exactly where we are today and why the country's in this jam because of this just out of control

00:03:39.240 spending uh in um uh by the biden regime and what it means as far as interest rates all that in this

00:03:45.920 debt trap are coming up on the debt ceiling and why you have to hold the line so just go to

00:03:51.080 birchgold.com slash bannon right now you get all three episodes right they're like reports uh very easy

00:03:58.880 to read we go our way try to make this accessible uh but i've had the top guys on wall street read it

00:04:03.900 and they they love it they say hey it gets to the points you just do it in an accessible way so make

00:04:08.100 sure you get there it's a homework assignment and you can check out i want everybody right now

00:04:12.840 to start you got to start thinking about self-reliance that's why we have so many

00:04:15.920 of these of our patrons and sponsors come on here and talk about what you have to do to take care of

00:04:20.840 yourself the one thing you have to do today more than ever because you're just being fed a steady diet

00:04:26.040 of misinformation is to go to places like birchgold to go to birchgold.com slash bannon get

00:04:31.400 all the free information kits all about the gold-backed iras the gold-backed 401ks it's time

00:04:36.920 now that you immersed yourself just like you'd learn to take all the reports and all the links i put up

00:04:42.380 on getter and everything and read these studies and read reports it's time now you start to immerse

00:04:45.960 yourself in presses precious metals as an alternative this hour we're going to have dave walsh is going to

00:04:52.360 walk us through the geopolitical impact and the financial impact in these massive deals the ccp is

00:04:57.820 cutting with iran with saudi arabia what's russia doing kind of the politics of oil the economics

00:05:03.260 of oil how it's playing into this converging third world war we're also going to have a got colonel

00:05:08.380 mills colonel mills gave a presentation the other day on on uh on um on uh with brandon house and the

00:05:14.540 team over lindale tv that was quite frankly brilliant walking through how how tied in our economy is to the to

00:05:21.720 the to the taiwan chip manufacturers and actually walk through what what our what our exposure is there

00:05:27.720 the exposure militarily so we're going to get to colonel mills all of it what i want to do now

00:05:32.800 because this that's something so important i want to go we haven't had a chance to play it and it must

00:05:37.040 be seen and i want to comment on it the great matt boyle who he had three mentors andrew brightbart

00:05:42.840 uh tucker carlson and steve bannon and this he's the best political reporter

00:05:46.720 in washington dc he did an incredible uh series of interviews with kevin mccarthy and this is so

00:05:53.660 important because remember you're the head of the creditors committee we can't budge an inch on the

00:05:57.680 debt ceiling uh and now we have to bring over the republican leadership i think we're getting there

00:06:02.420 let's go ahead if denver could play let's play uh the um uninterrupted the interview and they'll come

00:06:08.380 in for commentary and observations afterwards let's play the interview matt boyle and speaker of the

00:06:12.720 house kevin mccarthy debt ceiling uh the uh obviously uh i've one of the biggest things you

00:06:18.880 guys are going to confront this year i've talked to dozens of people preparing for this interview

00:06:22.960 a lot of members a lot of people around town a lot of people throughout the media asking them

00:06:28.100 you know what's the big thing they want to learn from you a lot of them say they want to know what is

00:06:33.940 the the line on the debt ceiling what are the what are the terms what is the the line in the sand what

00:06:39.560 are you willing to accept how lay the lay out the battlefield for us the debt ceiling is very serious

00:06:46.020 and we've got to understand what the debt ceiling is and just to put it down it's like providing your

00:06:52.220 child with a credit card they charge all the way up to the limit you're responsible for paying it

00:06:58.640 but do you raise the limit without changing the behavior do you change the behavior you know many

00:07:04.080 times in american history that we've came upon this debt ceiling we would negotiate and we would

00:07:09.180 republicans and democrats alike have really in time the grand rudman um have really gotten

00:07:16.360 reforms fiscally that made america stronger right now we have inflation because the democrats run away

00:07:23.500 spending and what really people want to look at is it a spending problem or is it a revenue problem

00:07:29.080 because our spending is 31 trillion dollars of debt you just had the congressional budget office just

00:07:35.800 come out a couple weeks ago and tell us a forecast for the next 10 years what they say is in the next

00:07:41.920 10 years we will end up paying 10.5 trillion dollars just in interest so it's like just paying the interest on

00:07:50.200 your credit card never taking on the principal now put that in perspective how much interest have we paid

00:07:57.120 in the last 80 years let's go back to 1940 so if you add up all the interest that we paid

00:08:03.660 for our debt since 1940 today it's nine trillion dollars so what took you 80 years you're going to

00:08:11.880 pay more than 10 years and every great society collapses when they overextend themselves now let's

00:08:17.800 compare so is the problem we need more revenue well when you look at the revenue that's coming in

00:08:22.800 it's about 20 percent of gdp well is that high or low the 50 year average is 17 percent there's only

00:08:31.720 three times really in history have we gotten 20 percent of gdp 1944 2000 so really we're getting

00:08:38.740 more money coffers into the coffers of government but what the democrats have done they increased

00:08:44.200 discretionary spending more than 30 percent they increased all this spending and that's what put us

00:08:49.580 into this problem the six trillion added dollars that the democrats added so we're in a real problem

00:08:55.600 so the one thing i firmly believe we're not going to raise taxes

00:09:00.500 and we're not going to pass a clean debt ceiling so what i told the president we can sit down and we

00:09:09.800 can talk he thinks you should just raise the debt ceiling and not negotiate that's not what history

00:09:14.780 tells us that's not what the american people want 74 percent want us to sit down and solve this

00:09:19.900 problem why because if you keep spending more inflation comes that's what's brought us inflation

00:09:25.240 it gives an advantage to china over we're going to spend 60 million dollars today paying china

00:09:32.740 because of the interest we're going to do that tomorrow and the day after and the day after

00:09:38.000 i'd rather invest it in america and we're going to hurt our children and grandchildren so what i propose

00:09:45.080 is that we're sitting talking among ourselves i'm brie i just brought in the congressional budget office

00:09:51.300 director and i brought every republican and every democrat to the auditorium normally we have only done

00:09:58.180 that for a classified briefing when there is some challenge to america be it the military well i think

00:10:06.900 this is just as big as issue i think it's our biggest issue out there so we're all coming together

00:10:11.420 because we're not going to solve this problem just by ourselves but i told the president we have to

00:10:16.100 spend less money we need to do things like energy independent you know why because that lowers

00:10:23.100 inflation will never lower inflation unless you lower energy cost we should do something on work

00:10:27.960 requirements where the democrats have taken those away we should encourage people to go to work

00:10:32.400 not encourage them to sit home we can look at securing our border that would save us money and

00:10:38.960 save us lives with stopping the fentanyl from coming across keeping americans at their jobs so there's a lot

00:10:45.700 of things we could go out and we can recapture billions of dollars in covid money that has been

00:10:54.200 appropriated that hasn't been spent why why spend it then i mean so there's a lot of places we could find

00:11:01.140 savings and we can make government more efficient more effective we can end the pandemic which would

00:11:07.600 save us money we could have federal employees go back to work we passed a bill on that and there

00:11:12.940 were 47 percent of federal employees aren't at work today in the office so what i look at is a number

00:11:21.100 of things but we've got to get our fiscal house in order is the fundamental thing we have to do and put us

00:11:27.120 on a path to balance is there a dollar amount that you think would get you to sign off on a deal

00:11:33.660 are we there yet or yeah i do not predetermine what that is but what i laid out what the president is we're

00:11:39.820 going to spend less money and and another dollar amount that you would look at it not just all the

00:11:44.960 savings but what if you were able to secure the border what if you were able to become energy

00:11:50.060 independent that's a lot of savings in itself because you have the price of uh fuel lower so

00:11:56.620 people can work more that more jobs would come to america so we saw this in the state of the union

00:12:01.280 where he came out and attacked republicans falsely it was it was it was a lie when he said that

00:12:06.180 republicans wanted to cut social security uh and everybody in the chamber uproar right like just

00:12:11.660 started what was it like in the room uh in the you know we saw you sitting behind him there

00:12:16.220 it's even it's even louder in person than is on television what's really sad is the president loses

00:12:21.900 a lot of credibility when i publicly said we're not cutting medicare and social security but he

00:12:27.500 loses a lot of credibility when the reason why in this new congressional budget office report for the

00:12:33.660 next 10 years for the first time all three trust funds become insolvent in the next 10 years

00:12:39.520 the highway trust fund medicare and social security so when they put in medic when they put in

00:12:45.320 obamacare they raided medicare when they just did their inflation bill they raided medicare so why

00:12:55.020 do we have a problem why it's becoming insolvent even quicker what the democrats have done to medicare

00:13:00.400 and to turn around and know it's a lie to try to tell the american public that the republicans

00:13:07.120 are going after we are the ones that have been trying to save it well biden has since seemingly

00:13:13.160 signaled that he's at least willing to deal with you guys do you think that that moment blowing up

00:13:18.200 on him there in the state of the union like it did he seemed to recognize it right like during he's

00:13:23.260 almost like negotiating back and forth do you think that that moment has forced his hand now and now he's

00:13:29.160 willing to to to work with you guys i think only time will tell right i mean the president's answer is

00:13:35.860 is to tax more that's the worst thing you do in an economy right now that has no growth it's the

00:13:42.740 worst thing you do with inflation what he's wanting to do as well i think government spending less

00:13:48.120 curves inflation makes us stronger economically and put to eliminates waste in government

00:13:54.820 you see mccarthy bull gets it i'm gonna spend less he's he's finally he's connecting dots which are

00:14:02.000 quite important to the country and to you um the spending is a tax because the inflation the

00:14:08.500 government spending is not productive it's a tax and what it's done now in this massive deficits we

00:14:14.460 have it's fueling it's got the dumpster fire of inflation lit in that dumpster fire is burning

00:14:20.740 through everybody we're gonna get to all of this uh in detail i've got uh dave walsh on the energy side

00:14:27.540 colonel mills is going to join me on the chip side we're going to get to all of it uh take a

00:14:33.600 short commercial break also make sure you go to birchgold.com slash bannon get the free three-part

00:14:39.760 series including the one we just put out the debt uh the debt trap you will see uh the um it will

00:14:47.500 give you some background on what mccarthy just said and why it's so important i want to thank uh matt

00:14:51.340 bull and the guys at breitbart great interview short break back in a moment in the world

00:14:55.040 here's your host stephen k bann

00:15:02.040 remember you're head of the creditors committee you uh because you see now the banking financial

00:15:09.300 crisis it's all in a strictly linked to the debt ceiling and the spending uh the over the massive

00:15:15.420 and i'm talking about orders of magnitude bigger than anything we've ever seen before

00:15:18.300 gets back to the chinese communist party gets back to the biological weapons program gets back to the

00:15:23.940 pandemic all of it it's all interconnected but as the chairman of the creditors committee you're

00:15:28.900 going to have to make some tough calls you're going to have to have you're going to have to

00:15:32.080 provide spine to these politicians because we're in a the convergence of the and this is absolutely

00:15:39.560 you could take this to the bank if you want to or put it in the tomato can out back or or take it

00:15:45.260 to birch gold and change converting to gold we have a convergence of two massive crises a geopolitical

00:15:52.060 crises with an enemy that is uh greater in scale than any enemy this country has ever faced that's

00:15:57.760 the chinese communist party that uh geopolitical crisis on the eurasian landmass and it's actually

00:16:03.120 broader in the caribbean and polynesia in um in in in brazil latin america everywhere but that's the

00:16:09.820 central part of us on the eurasian landmass now that's converging with a crisis of the of the

00:16:14.840 neoliberal order because of the 300 trillion dollars of debt of how they haven't wanted to

00:16:19.540 reform the system and really use capitalism but just kick the can down the road continue to paper

00:16:25.340 it over that's why this 300 trillion dollars of debt as i said in my cpac speech you know professor

00:16:30.700 robini said we're going to have these series of of crises from you know inflation the stag stagflation

00:16:36.920 to recession to depression to debt crisis capital markets all of it you have to start thinking about

00:16:43.780 alternatives for you and your family so right now make sure you go to birchgold.com slash bannon and

00:16:48.820 get the third part of the series the debt trap it will make you the smartest person room you want

00:16:54.180 to be sit there at a at your next dinner party or barbecue in the backyard or we sit in the stands

00:16:59.400 watching the kids play softball the kids play little league uh be the smartest person in the room

00:17:04.980 just get this and we'll put you just like we do everything we'll put you ahead of the curve

00:17:08.640 dave walsh should i play the call let me bring in dave walsh first i'm gonna play the the cold open

00:17:13.420 walsh you've been you know we know that the predicate for the the golden year of 2019 was full energy

00:17:21.300 full spectrum energy dominance which was the basic underlying foundational stone of the trump of trump

00:17:30.160 economics we've gotten away from that uh walk me i want to walk through first get us up to date on

00:17:35.540 the on the oil natural gas markets where do you stand because prices are falling i think a big

00:17:40.360 part of that's because this massive recession that's coming and maybe a depression but then

00:17:44.700 i want to talk about how the chinese communist party is in the politics of this energy how

00:17:49.180 they are very smartly as they are they're cunning and smart doing these output deals and getting

00:17:54.820 rid of the petrodollar for the petro yuan and it will be a game changer for us always first off get us

00:18:00.740 up to date where we stand with the global markets well we're in the we're in the mid 60 dollars a

00:18:06.760 barrel for oil natural gas prices over here are very low at about 260 a decatherm um the oil we

00:18:13.960 talked yesterday is a lot because of russia breaking free of opec and again it becomes very very difficult

00:18:22.300 to hold together an illegal cartel uh monopolistic cartel because you know parties to that kind of an

00:18:28.760 entity wind up breaking free in their own self-interest that's what russia has done

00:18:33.120 they have retained their production levels very close to 11 million barrels a day and rapidly

00:18:38.100 displaced supply to europe with supply to china turkey and india in the 40 to 45 barrel range

00:18:45.760 and then a lot of that oil because this is a liquid it leaks into the global supply chain and becomes

00:18:51.620 virtually undetectable there are credible reports in the wall street of massive ship to ship transfers

00:18:58.500 occurring at sea by russian vessels to other vessels to supposedly make transportation cheaper

00:19:05.520 no what they're doing is funneling that oil to many many western markets who would otherwise be

00:19:12.120 politically in trouble should they be known to be buying russian oil it's very hard to hide or you

00:19:18.040 know assure verify that you're not buying russian oil once it leaks into the global system as it's a

00:19:24.520 liquid and it can't really be tracked so they they've had with these price cuts you know favorably

00:19:30.820 for a couple of reasons a massive benefit to oil pricing dropping showing that the cartel can be

00:19:36.820 can be challenged it needs to be challenged and only president trump's policies on energy dominance put us

00:19:43.600 in a position to do that we were only producing in this country six and a half million barrels a day

00:19:48.600 as recently as 1996 we we double that now all due to the policies of president trump what happened in

00:19:55.260 the in the period between 15 and 20 um so we're in a position to be able to challenge opec and russia

00:20:02.820 in this way what's with a boycott and a price cap that's that's worked it's actually worked it needs to be

00:20:09.760 extended and uh let me one last point on that your good remarks at cpaq on fox today fox proclaims oh wow

00:20:18.580 there actually appears to be an alliance between china and russia well go figure because putin's

00:20:24.020 going to be visited by xi jinping at a summit in in moscow well guess what on this forum we talked

00:20:30.680 about a year and a half ago the convergence of the interest of china with saudi arabia on the petro

00:20:35.860 you want while saudi arabia was aligning russia in opec plus at the same time this has been visible

00:20:42.760 for a year and a half the alliance of china with russia on these activities and providing the

00:20:47.960 distraction of the ukraine to dissipate our military strength and our monetization while

00:20:52.840 they look at their expansionist moves in in the southeast asia this is this has been obvious

00:20:57.480 fox comes out today and finally acknowledges oh yeah there seems to be a convergence of interest

00:21:02.560 between china and russia it's been visible for two years yeah and and and with your help and others

00:21:10.720 we bring on here our audience is fully up to speed you're right the fox thing is a joke

00:21:14.940 but dave i want to go back to that because putin and xi at the olympics last year said they had a

00:21:22.440 no limits partnership and part of the no limits partnership was russia to provide them as much

00:21:27.580 oil and natural gas as possible talk about the importance uh in economically for the united states

00:21:35.380 of these massive deals because it's not been reported it totally caught the state department by

00:21:39.600 surprise totally caught the biden regime by surprise the senior uh people from the ayatollah's regime

00:21:45.800 in persia and the house assad were in beijing cutting a deal and these deals are predicated upon

00:21:51.960 these massive output deals since we're going to a net carbon zero you know we got windmills we're not

00:21:58.200 buying from the from from the middle east they don't think we're gonna be a long-term customer

00:22:02.180 they've turned to china massive 40-year output deals but a key to these deals it's converted in

00:22:09.220 petro you want the the currency of china not the currency of the united states of petrodollars walk

00:22:15.080 us through the mechanics of it why is it important what impact do you think it's going to have

00:22:18.780 overall on the economy well the impact and importance china china only produces about four million barrels

00:22:25.220 of oil a day in terms of their own self-sufficiency so they import nearly nine and a half million

00:22:31.500 barrels a day that's got to come from somewhere so they've easily now with the western european

00:22:37.460 price cap and boycott russia becomes the source this has been discussed for some time the kingdom

00:22:43.080 of saudi arabia right in lockstep with that with the negotiations you described and the ideation of a

00:22:49.960 petro yuan replacing the petrodollar this has been this has been reality these discussions and this

00:22:55.000 collaboration including iran for two years been very visible since at least january of 2021

00:23:00.860 2021 um that this has been this has been in place therefore you know our our own actions in the

00:23:07.420 meantime to continue to plead with iran through russia to procure oil from them with this administration

00:23:13.680 had been hard at for its first 10 months in office and then coupled with the fact that china is

00:23:20.320 specifically not on board with the net zero mentality not on board with the decarbonization mentality

00:23:26.560 is absolutely on board with growing its industrial and military might and economy which is largely based

00:23:33.240 on the use of fossil fuels nothing has been invented to displace them for running machinery for lubricating

00:23:39.400 machinery for providing fertilizers they know that they're they're not dissipating their their use of

00:23:45.460 carbon fuels they're buying more of them while the west at their with their donations and their various

00:23:51.200 influence becomes less and less dependent on fossil fuels or tries to in reality not really they have

00:23:58.340 they have retained their position of wanting to grow their industrial power by beginning to import mass

00:24:03.980 quantities now from russia prior to that they've had a nice a mix of the nine million barrels a day coming

00:24:09.280 from numerous sub-saharan african countries including also from brazil uh that's been partly now switched to

00:24:16.720 russia at these very favorable prices they have no intention of weaning off fossil fuels that's a

00:24:21.700 mantra that they're pushing over here to buy for us to buy solar panels and lithium-ion batteries

00:24:26.420 and and then become weaker what does it say about what what does it say about the global south remember

00:24:32.920 the global south essentially owned the resources we had the federal reserve note a fiat currency what

00:24:38.020 does it say about the global south that particularly persia in the house of sod are prepared to take the

00:24:44.500 devaluation or the instability of the yuan right the chinese currency to actually convert to take it in

00:24:51.200 and pay for it in those terms they take it then to actually do the conversion in dollars how big a

00:24:56.040 rejection of our entire system are are the way we've managed the biden regime's managed the company

00:25:01.920 the economy dave walsh you know a couple years ago people be laughed out of the room if they even

00:25:07.180 brought this up your thoughts it's a it's an endorsement it's an endorsement by them that they

00:25:14.380 believe they now believe long-term policy of this country and western europe in total will be a

00:25:21.700 continuous migration off of fossil fuels that they provide therefore they need to find a bigger better

00:25:29.480 more fungible reliable financial market to sell them and that's china it's very simple they're

00:25:35.860 believing the rhetoric of the biden administration the secretary of the treasury the head the head

00:25:42.040 of commerce the head of interior the head of the epa that we we are getting off of fossil fuels

00:25:47.080 the kingdom of saudi arabia now believes that therefore you go to your next larger and more rapidly

00:25:53.540 growing market and you forge an alliance including dealing in their currency it's very real it's

00:25:59.180 tremendously material to us because the reality of divorcing from fossil fuels means the reduction

00:26:04.960 of our industrial competitiveness significantly and our ability to wage war very directly no they

00:26:10.500 they they're they're believing our rhetoric and the rhetoric of boris johnson and the elites in

00:26:15.020 western europe which is the same they're we're going to get off the fossil fuels therefore kingdom of

00:26:19.520 saudi arabia goes to china they're not doing this okay their goal objective is dave hey dave hang

00:26:26.980 around with us i actually just to hang uh the dollar our currency energy our oil and natural gas i think

00:26:34.400 and then chips that is kind of the modern economy the world's economy we're gonna take a short break

00:26:41.740 whenever i go to birchgold.com slash bannon get the debt trap the third in the series but you can get

00:26:47.360 the whole series and you can find out everything you need about precious metals short break we're gonna be

00:26:53.980 back we've got colonel john mills we're gonna talk about chips

00:26:56.560 war room here's your host stephen k bann

00:27:02.300 okay uh mypillot.com promo code war room you're not going to get tons of hours of sleep and i understand

00:27:11.380 now with the banking crisis and geopolitical everything evasion of the southern border people are having a

00:27:16.080 tough time sleeping get sleep the sleep of the just the hours you can't get to sleep you will maximize

00:27:21.360 your sleep by using the products of my pillow my pillow.com promo code war room go check it out

00:27:27.720 the my pillow 2.0 buy one get one free and plus they get sales all over the place all over the place

00:27:33.460 so make sure that you go check it out today my pillow.com promo code war room this is where i can

00:27:38.780 be fresh as a daisy you know six days a week and if you follow me on getter you'll see it's seven days a

00:27:43.740 week um so the the other part of the economy and this is why people you know the the optional

00:27:49.900 war we've gotten ourselves involved in the ukraine and one of the reasons we're doing this special is

00:27:54.340 she is in uh is in uh moscow is gonna be with putin on on monday where they're gonna even do more in

00:28:01.720 your face from even the meeting they had during the olympic show last year where they did the no

00:28:05.800 no uh limits strategic partnership and and dave walsh is absolutely right fox is running around now

00:28:11.640 it's been like this for a couple of years and dave walsh said the quiet part out loud he said hey

00:28:17.140 the persia thing with uh the iranian thing with within the saudis with ccp started he picked a

00:28:23.500 random date january of 2021 i think that's when the regime biden regime illegitimately took uh took

00:28:30.620 over here in washington dc i want to bring in colonel mills colonel people missed the point you talk

00:28:36.200 about optionality right now the advanced chip design that's that's done in these factories

00:28:41.480 in taiwan is orders of magnitude better than we do here in the united states it's going to be

00:28:45.880 decades and decades that's reality before we can replace that taiwan is silicon valley west

00:28:52.100 even if you don't believe and i don't believe in the one china policy i think taiwan is an

00:28:56.460 independent uh republic of china that really has a that looks out for its people has freedom of

00:29:02.220 speech etc not what not how the gangsters in beijing run it for lao beijing and crush lao beijing

00:29:08.480 every day but walk me through this is the key point is that when it comes when the rubber hits

00:29:14.620 the road when the ccp gets to back up enough if they make a move on taiwan this is something that

00:29:21.240 there's not optional and quite frankly i think nikki haley blew her whole launch for the presidency

00:29:26.200 when they the guy at nbc asked the question he says well would you defend taiwan she goes well i

00:29:30.660 have to think about that at the time no you you got to think about that now that's not something you

00:29:34.460 kind of think about an afternoon colonel mills you got you got some slides here etc go ahead and and

00:29:40.240 walk us through the importance of these facilities and how we actually defend them and how the chinese

00:29:45.940 communist party will try to take them colonel john mills yeah thank you steve i think it was important

00:29:52.380 to uh go over the gathering storm in the pacific and then i took this map from uh february of 45 updated

00:30:00.320 just to orient everybody america and hawaii are this way flask is up here japan okinawa lots of

00:30:08.220 forces here here's the country of taiwan philippines american sovereign territory guam tinian and saipan

00:30:16.780 so when general minnehan talks about projecting force it's all about projecting force to here

00:30:22.260 it's within range of the tf-26 missile that's about 1700 miles but those missiles can reach

00:30:28.320 all the way out here and probably even into hawaii this is the second island chain and oh by the way

00:30:34.140 the chinese have already established a footprint behind the second island chain down in guadalcanal

00:30:40.460 so the country of taiwan i think just important here this is the this is the capital city taipei

00:30:48.380 their major port of kilong major port of kaohsiung there's a coastal strip about 10 to 20 miles wide

00:30:55.420 that that's really where most of the population that's where a lot of the uh plants are at we'll

00:31:00.260 get to most of this area is actually mountainous and hilly and provides a fallback a beautiful fallback

00:31:07.160 position so all of this area is mountainous hilly and they've spent decades getting this area ready

00:31:13.420 so next slide americans if you bought appliances if you have a car very high possibility they came

00:31:24.600 from one of these five plants these are the five major tsmc plants in taiwan it's all about chips now and

00:31:32.420 this makes the uh the coming conflict very difficult from this pure country over on over here how do they

00:31:40.880 how do they seize these without destroying them without harming them and taking the workforce they

00:31:47.220 need the workforce they don't need just need the factories they need the workforce and somehow tsmc

00:31:53.340 has been able to get it right they've been able to produce these chips and again in your car in your

00:31:58.760 appliances in your computers pretty high chance about an 80 chance it came from one of these now they

00:32:05.500 are creating a huge facility and they just tripled the size of it north of phoenix in maricopa county

00:32:11.920 curiously enough in uh in arizona but it's all the invasion is no longer just about this country to

00:32:19.860 the left claiming the country of taiwan it's really because that that country to the left needs these

00:32:25.800 plants taiwan west needs these plants because these are important for their economy these are dual use both

00:32:33.040 for military and commercial now this is the southern just for by the way hang hang for a second just

00:32:40.800 just just for our podcast and radio audience when he says taiwan west he's he's euphemistic that's

00:32:46.640 china and in taiwan's what 90 miles off the coast so it's it's it's right off of mainland china so

00:32:53.140 when you talk about taiwan the chinese the ccp needs those chips like mother's milk for their own

00:32:58.580 economy correct colonel mills yeah absolutely this greatly complicates their move because in the past

00:33:04.540 they were just going to blow up the island they didn't really care but now they actually are

00:33:09.100 dependent on these chips they they created a clone company called hsmc dropped about nine billion

00:33:15.260 could not replicate uh uh the the increasing efficiencies of the silicon and the chips that the

00:33:22.960 tsmc was producing they just are good at this it's something in the water they're very good at this

00:33:27.640 this is the side of the five plants and this is kind of separated along the coast and south so i would

00:33:33.020 as as we do a strategic walkthrough um and staff drill uh look at this which is the most likely

00:33:39.500 plant to go after first and probably this one further in the south again the hilly hilly areas

00:33:45.320 start right over here but so here's the plant here's a possible beach landing site now remember

00:33:51.940 remember that the chinese have never done anything like this they've never done anything like this

00:33:57.020 so this is going to be a mess so if they landed here that's one option here's another what what

00:34:02.900 you're saying is what you're saying is amphibious amphibious landing is the most you talk about

00:34:08.160 combined arms the most complicated of combined arms operations are amphibious landings i would say

00:34:13.980 force crossing of a river but second very close is coming across a beach that's why the united states

00:34:20.260 navy perfected that in world war ii with you know with the great you know iwo jima and these other

00:34:25.200 pelelu terawa with the marines in the navy combined did these incredible uh um landings of course

00:34:31.300 normandy with the army and the u.s navy and the british uh also the chinese have never tried the

00:34:37.040 combined arms really the chinese never really been in gunfire when the balloon goes up on any kind of

00:34:41.880 large scale war that's one of the questions about their military but the combined arms of amphibious

00:34:47.500 assault would be obviously uh and it would be teed up is is it most likely that they will do an air and

00:34:53.940 naval blockade first colonel mills or you think they'll actually try to come and secure these

00:34:58.240 factories yeah that's a great point steve i think an envelopment of uh of taiwan is is actually the

00:35:07.420 more likely they've already again through the south they have that uh that forward operating base behind

00:35:13.680 the second island chain of the solomon islands i think wisely if they're under not under extreme

00:35:20.080 pressure from she in the front office is to do that first because this is going to be very messy

00:35:25.880 right down here's the airport are they going to try what the russians did to see hostmo or also known

00:35:31.420 as antonov airport where the special operators are parachuted and helicoptered in and then a

00:35:37.460 ragtag group of regulars reservists and civilians swarm and kill them while they're the armored column

00:35:43.880 floundered for weeks trying to get south to them and these special operators their biggest weapon is

00:35:49.260 surprise they're most important their their greatest weapon is surprise once the surprise has been lost

00:35:55.180 they're toast so if they try to seize this and then run the 12 miles up here just this what the city

00:36:02.380 officials have to do is make sure they run every single bus and dump truck from the utility sector and

00:36:09.020 from the school sector block these routes block these routes and don't let them get close to it so

00:36:14.920 either way it's going to be very rough for them one of the issues here is that we don't do let's be

00:36:22.100 blunt we don't do the types of joint exercises you would need to do because of our wimpy political

00:36:28.700 political class won't do it we don't really do serious combined arms opera the types of things you

00:36:34.500 would need to defend this with the taiwanese army as currently constituted the united states military

00:36:40.120 does not do massive joint tactical operations to defend these plants right now do they the taiwanese

00:36:47.500 do in the civil defense authorities there do but we do very little actual unlike nato and the nato we do

00:36:55.760 more operations than the nato allies nato allies don't like doing it because it costs money but we

00:37:00.580 still do it to some degree we don't really do that at all with the taiwanese military do we john

00:37:05.160 well it it actually it leaked out it was in a press release you know we have roughly a battalion size

00:37:13.480 as a forward tripwire which committee on present danger has been suggesting for almost two years

00:37:19.320 uh so we do have special operators on the ground a lot of them have really been training about the fall

00:37:25.600 back falling back to the mountains and the hills so they can rain fire and uh essentially counter

00:37:31.560 attack from the mountains and the hills so we have a robust set of special operators doing a direct

00:37:37.580 mill-to-mill training and it sounds like we have a special essentially a battalion and that that goes

00:37:42.440 back to the trump years where that we started moving this but my yes don't get me wrong the the battalion

00:37:47.960 is fantastic and that shows your commitment the chinese hated but to defend these as you see it right

00:37:52.820 now we may not have time to go through the maps as you see it right now with those chip plants that

00:37:57.520 are absolutely central to the american economy our economy would drop by 25 percent does not happen

00:38:03.280 do we do at a level that you know we have to do of combined arms training with an ally to actually defend

00:38:11.220 those plants militarily sir no not yet not yet steve we need to do a lot more and we need to do a lot

00:38:18.460 more fast we need to flow ammunition to guam we need to start exercising the early portions of the

00:38:24.160 war plans uh no we need to accelerate accelerate accelerate the more we sweat now the less we will

00:38:31.080 bleed later because the gathering storm is uh almost irreversible at this point in time

00:38:37.060 colonel mills last thing i want to thank you it's been magnificent but cleo pascal was on

00:38:43.360 with grant newsroom about a week ago she talked about it's interesting we're doing the 80th

00:38:48.440 anniversaries what we fought for at guada canal what we fought for in the solomons what we fought

00:38:52.380 for in these island chains in the in the south pacific in mid-pacific the chinese are politically

00:38:58.560 taking it over right now they are essentially doing the imperial japanese war staff who wanted it did it

00:39:04.440 kinetically they're doing it with unrestricted warfare right now correct to do that envelopment to

00:39:11.000 basically cut off taiwan in in our japanese partners allies from the west of the from the

00:39:17.380 united states specifically but also the rest of the world sir yeah i'm very disappointing my

00:39:22.800 grandfather fought on guadalcanals this is quite disappointing quite disappointing and uh um

00:39:29.540 we've given away the farm on this this is a total failure of the uh diplomatic arm of uh instrument of

00:39:37.240 national power we just gave away the farm we just walked away we only had a third of an embassy to

00:39:42.340 begin with on uh in the solomon islands a third of an embassy because they shared like with vanuatu

00:39:47.520 and papa new guinea i think it was you know we didn't think enough of them that we didn't even give

00:39:53.240 them a full embassy well they've said they're going to do it now but that's like two years away it is

00:39:58.640 just shameful what state department has allowed to happen here this is one of the key tools in the

00:40:03.020 toolkit and once again uh state department has passed out drunk in the gutter

00:40:08.740 colonel mills how do people get to you how they get to your amazing book how they get to all your

00:40:15.140 content uh thank you steve yes the nation will follow dot com is the is the site the nation will

00:40:22.820 follow dot com uh preface by steven k bannon thank you steve and uh uh colonel ret john on getter

00:40:32.240 colonel ret john on getter colonel ret john on uh truth you're one of the smartest guys out there

00:40:39.720 colonel thank you for giving the to brief us on the factories of taiwan that must be held in the

00:40:45.540 reality check of where we actually stand with that so people are not surprised like the collapse of the

00:40:49.400 banking system short commercial break dave walsh is going to stay over i've got some closing thoughts

00:40:54.660 on where actually stand in this financial inferno next has arrived the new social media taking on big

00:41:01.240 tech protecting free speech and canceling cancel culture join the marketplace of ideas the platform

00:41:09.820 for independent thought has arrived superior technology no more selling your personal data

00:41:14.960 no more censorship no more cancel culture enough getter has arrived it's time to say what you want

00:41:23.460 the way you want download now okay make sure you go to getter we'll be up all weekend so much

00:41:32.080 happening this meeting in uh in moscow happens on monday and i'm telling you we're into the third

00:41:38.220 world war it's one of the reasons we want to do the kind of the special today um davos energy is such

00:41:44.340 a key component of this i can't emphasize enough the chinese communist party as our existential threat

00:41:50.320 is coming at us every way the unrestricted warfare one of the biggest things they're focused on is

00:41:54.960 economic warfare remember we underwrite these people right there's this big fight right now over

00:42:00.480 tick tock uh there's all this fight about uh about uh the biden family remember the united states

00:42:06.680 government we still in in the in the capital markets wall street the oligarchs that we underwrite the

00:42:11.840 ccp if we cut them off in technology we cut them off of all access to capital if we cut them off the

00:42:16.360 swift system we could uh bring this the lao bai jing would bring this regime down in 100 days

00:42:21.920 the most murderous dictatorship in the history of mankind bring it down in a in 100 days and people say

00:42:26.620 bender why are you the leaders of the anti-ccp movement why are you such a super hawk in this

00:42:31.360 i'm a super hawk in this because if you solve that problem with the chinese people you really

00:42:36.140 solve much of the world's problem because they are underwriting much of the chaos and they're going

00:42:41.680 they're we're helping destroy our own economy with our own overspending and what we're doing

00:42:46.400 with the federal reserve but they're exacerbating it one more time dave you've been in this business a

00:42:50.800 long time how monumental is it to have these massive oil deals 40-year output deals not converted into

00:42:59.260 dollars but actually they would take the currency risk of converting it into the converting into the

00:43:04.520 chinese currency the yuan well you the the lack of self-dependence on something as critical and as

00:43:12.740 important a part of the economy as oil and gas inside of becoming dependent on on imports of that

00:43:21.160 the entire strength of president trump's team visiting with the house of sod several years ago

00:43:26.540 when we were a 14 15 million barrel a day producer which has come back somewhat despite the actions of

00:43:33.380 this administration at the table we then have power in negotiating the continuance of dollarized

00:43:39.940 transactions without dollarized transactions and without also espousing being a major consumer of

00:43:46.600 those fuels to feed the industrial growth of the country the gdp growth of the country when the house

00:43:52.420 of sod lacks confidence in both that we're not a competitor and then b we're not a player in terms of

00:43:59.020 being a buyer in that we've lost interest in growing our economy with this dependence on esg and non-carbon

00:44:05.600 fuels they they they ignore us and the the impact becomes the lack of ability to control prices and more

00:44:12.460 exposure to for which has happened with natural gas in part as it's become an exported commodity vis-a-vis the

00:44:19.160 development invention of liquefaction and lng exports it's become a global gas market gas is a very

00:44:26.540 volatilely priced uh commodity because it's heavily traded internationally we can control that somewhat

00:44:33.280 if the transactions are in dollars if they become a yuan uh we the the the oscillation of of cost levels

00:44:41.100 here becomes huge and that we're talking about home heating we're talking about electricity supply now 38 percent

00:44:46.440 of our electricity supply and plus the industrial use of gases a huge huge impact on the economy of destabilizing

00:44:54.540 what will result in uncontrollable inflation when these things occur unbelievable uncontrollable

00:45:01.700 inflation which is a tax on you dave what's your social media how do people get to you

00:45:05.880 yeah i'm on getter and uh social media both at dave walsh energy thank you steve walsh i want to thank

00:45:14.040 you i want to thank you brother for for being here for us it's just been amazing the last couple of

00:45:17.920 years you've been ahead of this so much and i'm telling you we're into it now this is bad thanks

00:45:22.420 dave appreciate it you know i don't say lightly when we're in um like 1938 1939 we're hurt you see

00:45:32.080 the kinetic part in ukraine right now you see bakhmut bakhmut that battle in bakhmut has been like

00:45:38.240 any huge battle like verdun in world war one massive just shelling each other every day

00:45:45.440 so it's the conversions of these two the financial crisis and you see this in the united states the

00:45:50.160 banking system is on a knife's edge that's why i'm very honored to to work with birch gold these

00:45:55.660 reports we've done have always been ahead of the curve and i think make you smarter right now

00:46:00.380 what is most incumbent upon you for the life of your community your nation and its politics and also you

00:46:06.400 and your family is to make sure you become self-reliant as you look at the banking system

00:46:11.900 whether they're sitting there saying hey are these deposits secured are these unsecured

00:46:15.740 you need to start to take care of yourself and make sure you look in the mirror and say have done

00:46:20.220 everything i can uh to to take care of myself and the family when india china and japan three smart

00:46:27.360 tough countries are buying more gold than ever it's now time for you to start to think about that

00:46:32.480 that's right go to birchgold.com slash ban and get all the reports that we've done in fact read those

00:46:38.840 reports and say hey these guys are pretty ahead of the curve but also get all the information they got

00:46:44.040 free info kits on everything related to the iras the 401ks and everything about precious metals now's

00:46:49.700 the time homework assignment we've given you a couple throughout the next couple hours immerse

00:46:54.100 yourself in information you know put away this put away the the the magazines even cut the tv off and

00:47:00.160 i realize it's it's it's march madness at the big weekend for college basketball we love that but hey

00:47:05.300 this is a crisis going on right now and you got to think about taking care of yourself and your family

00:47:09.620 go to birchgold just immerse yourself in information right now and then contact you

00:47:14.860 know philip patrick and the team are always there and they're always available to talk to you guys so

00:47:19.320 go check out the uh the the 800 number also go to birchgold.com slash ban and get the reports over

00:47:25.100 the weekend make sure you immerse yourself in everything i also want to thank mike lindell i

00:47:30.380 understand it's tough to sleep now but go to mypillow.com promo code war room get to the square

00:47:35.100 right now check it out the mypillow 2.0 all of it help the company help mike lindell and of course

00:47:41.120 uh the your humble servants here at the war room um we're going to be doing a lot more segments like

00:47:47.820 we've done for the last couple hours today to make sure that people have a very clear context of what's

00:47:53.080 happening so not just so you can be the smartest person the most interesting person in the room

00:47:57.140 but it actually helps to inform your decisions personally for your community and for your nation

00:48:02.000 you are the creditors committee and i don't say this like this reason we work so hard and have

00:48:06.840 done this show and spend so much hours on it your decisions your decisions as maga as the citizens of

00:48:14.340 this country are going to determine the direction of this republic and in determining the direction of

00:48:20.560 this republic will determine the direction of the world peace and prosperity the sunlit uplands

00:48:26.240 they're not here with us today not close but you can see them up ahead if we take determined

00:48:32.440 tough unrelenting action and you use your agency use your agency for yourself use it for your nation

00:48:40.080 you're the creditors committee dig in there great honor i'll be up on getter over the weekend

00:48:44.620 make sure you go check out birchgold.com slash bannon really appreciative we'll see you back here live on monday

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Bannon's War Room - March 18, 2023

Episode 2597： The Tensions With Taiwan; Oil Prices Plummet

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