Episode 2681： The Lies Of The Climate Crisis; Ukrainian Offensive
Episode Stats
Words per Minute
176.49474
Summary
For the first hour of the Saturday show, I have three of the best economists in the business to join me to talk about the massive debt crisis the U.S. is in the midst of. For the second half of the show, we have a special interview with Philip Phipps, who joins me to discuss the current state of the economy and the need for electric vehicles.
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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it's saturday the 22nd of april in the year of our 2023 welcome you're here for you know it's my
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favorite show of the week the saturday show for the first hour i've got three of the best that join me
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philip patrick from birch gold we're going to talk about this debt massive debt fight we got going on
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the economy all of that i've got from rome ben harnwell talk about ukraine how that falls back
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to this the beginning of the third world war remember this weekend kicks off the uh third
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world war the early years uh i'm giving a uh keynote speech on sunday to kind of wrap the
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conference up and want everybody we're going to be live streaming different parts of it want all of
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that uh everything associated with it to make sure everybody gets all the information possible of
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course jeffrey clark is also uh going to join us here in fact i want to start with uh jeff jeff
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this uh part of the mccarthy plan the mccarthy budget is really about reversing so much that's
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happened in what they call the uh the inflation reduction act all this build back better all this
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stuff they did in in biden's uh first couple of years there's a number of clawbacks etc one things
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they keep talking about is this massive repositioning of the american economy away from the internal
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combustion engine gas powered cars and two electric uh vehicles we had this huge firefight out in
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california where they're talking about i don't know putting the cars to uh to 2025 um you know that
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no more gas engines it's such a huge part of this debate we're having right now about how to balance
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the budget you've also got a different angle of attack but i just from your perspective and i think
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this has gone unnoticed because you look at their you know tesla's earnings have fallen they're cutting
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prices like crazy people just are not buying the vehicles you have now all types of reports and
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analysis said i think under seven percent of the people want an electric vehicle one is just the
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cost and the cost of the battery and the cost of the charging stations all that give us your perspective
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why this is a maniacal focus of the biden regime and they're hitting it at every level in the budget
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in tax credits through the epa through mandates walk us through why why is this obsession with electric vehicles
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well steve i think it's part of the climate cult and we have in the so-called inflation reduction act
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just billions of dollars in climate grants and i'll talk to you uh at a later time about a conference call
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i dialed into about these grants and i made a point of asking about the uh uh grants that you know
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could they be used to help east palestine i'll i'll again i'll talk to you about that later but look
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at the moment what they're doing is they're trying to radically restructure the economy i'd even argue
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kill the economy uh you know through all this spending that's why we're having this big debt fight
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to cut that stuff out uh but the angle of attack i want to talk to you about is look you know we
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we have uh massive deficits and and the national debt as far as the eye can see but we also have
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massive regulatory taxes and the epa has just proposed imposing a you know real doozy of a
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regulatory tax they are saying that by model year 2032 beginning in model year 2026 they're eventually
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going to get the u.s to a point where 70 percent of new vehicles sold are electric vehicles now take a
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step back and recognize what that means at the moment battery-powered electric vehicles have a market
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penetration rate of about seven percent of new vehicles so they want to go from seven to 70 in
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about eight or nine years that's a 900 percent increase i mean that is just flabbergasting and
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the regulatory cost that that's going to impose on the economy the lost jobs people entirely priced out
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of the market it's just unthinkable and they're also trying to justify it steve with a kind of fairy dust
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math where they claim that this regulation will create and wait for this 1.6 trillion dollars
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in net benefits over costs i mean anyone who believes that needs to immediately go to a uh a mental health
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professional to get chuck checked out i mean it's just not plausible in the least and if you just follow
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the logic to its you know rational conclusion right why can't we just regulate our way out of inflation
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regulate our way out of uh the uh economic stagflation that we're going through all by just
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imposing new regulatory mandates 1.6 trillion at a clip it makes absolutely no sense steven it is the
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the administrative state on a roll well this is why i said you know in trump's first term when i talked
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to cpac deconstruction administrative states one of our priorities i'm gonna have philip patrick on here
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in a second to talk about the budget and capital markets but this is the reason we need to have this
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fight now the reason we can't have any lift at all to the debt ceiling is that we've got to choke out
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the administrative state here's the first question um newsom just announced and i think they're talking
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in a couple of years in california they're going to stop selling any internal combustion engine gas
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power cars whatsoever but what the audience wants to know is how can they just come up with these
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regulations is this a law that went through congress is their interpretation of a law i mean how do they
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actually get to the thing of giving a dictate a diktat that 70 percent within you know six seven
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eight years are going to be electric vehicles when we don't have any of the infrastructure set up none
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of it how does that actually happen how's the grid going to bear that for instance right steve so uh
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exactly clearly if this were put to congress there's no way that it would pass both houses of congress and
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then be able to get signed into law by joe biden it's something that can only be done as a
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regulatory diktat so what does it trace to it traces to the clean air act steve this is a rulemaking
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under uh section 202 a of the uh the clean air act and you know it's why we need things like
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uh the major questions doctrine that i'll talk about in a second and why we really need the full-on
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medicine of the non-delegation doctrine because basically we're talking about delegations made
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to epa 40 50 years ago and they're now being used to be perverted and turned into not just an
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incremental program that you know gradually ratchets up uh you know how the fuel economy of
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the cars is going to go or what the uh emission standards are so you get uh improvements in air
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quality no they're going to they want to change the the direction of the economy they want to eliminate
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the electric i mean sorry the uh gas uh powered conventional engine they want to have all electric
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and they want to do that without any specific congressional authorization and that's where
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the major questions doctrine comes in because steve last term from the supreme court in a case called
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west virginia versus epa we got a decision that said that epa could not radically generation shift
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how we were producing power at power plants in the united states going from uh coal or other uh you know
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fuels to natural gas and then ultimately only to renewables the supreme court said there's no clear
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statement from congress in the clean air act that you can do that if you want to try to do that you
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got to go back to congress similarly here i think this is even more radical uh transformation of how
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the economy would work that you'd go from seven percent of heavily subsidized electric vehicles to 70
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percent in just about eight years because model year 2020 uh uh 2032 would start in calendar year
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2031 so this is just a this is a a massive power grab people would never vote for it and it also steve has
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ridiculous justifications like this they say they need to do this to avoid uh racism and promote
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so-called environmental justice right but it's exactly uh you know in opposite land right you stand on
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your head to have to see that because what this rule would do is price the vast amount of americans
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out of the vehicle market right they you try to go into a car dealership and say what they're
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using in their fuzzy math here and say hey give me an uh electric powered version of a conventional
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vehicle for twelve hundred dollars extra and they're going to laugh all the all the yeah all the
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minorities are going to be forced into public transportation with no choice hang on for a second
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the left supports you i want to play one of the biggest voices on the progressive left this is
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young turks anna kasparian let's go ahead and play this we've we've made it so it can be played during
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the family hour then i'm gonna have jeff clark comment this is the this is the progressive left
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their thoughts about this very topic way that it happens is i know that in in california at least with
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the phasing out of gas powered cars and they'll probably do the same thing with uh gas stoves is
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they just ban the sale of any new gas powered cars or any new gas stoves and so the technology
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that you have in your home the gas stove that you have in your home if it breaks not only are you
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not able to buy a new one but it gets increasingly more difficult to just repair it you get what i'm
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saying and so like i get it but that's a bump that's the normal bumps in the road as you transition
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to things i know but jank like don't minimize the financial burdens associated with these things okay
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because like i am literally freaking the out about the charging station thing i'm like it's
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gonna call we're gonna take out a massive loan to pay for it we're not getting any help from the
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government on that did you did you guys ask is there any tax credits but seriously
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james say there's no government help at all to transition you guys about tax credits no no i'm
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saying for the hoa no there's been no talk of tax credits i haven't seen anything about tax credits i
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should look into it maybe there are tax credits but i don't give a about tax credits because you
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have to shell out cash okay like i just i want to do something in response to climate change that is
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not my my issue here my issue is how like we're forced to make all these changes that are a financial
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burden a giant inconvenience with like little to no help and the solution from the government in
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terms of like no no you get you get financial benefits for doing this tax credits no i don't want i don't
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want the tax credits i won't give me the money give you give me the money okay don't tell me this
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about how i have to buy like some new thing because the government's forcing me to do it and then like
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after i file my taxes there's a certain portion of that purchase that might be tax deductible like
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i'm so sick of it it's just like like endless pressure pressure pressure pressure i can't take it
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yeah i hear you and and we asked too much of the middle class we asked too much of the average
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oh the middle class is the most group of people in this country no i hear you on all that but at
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some point we gotta go to electric cars we don't have a choice like the plant's burning so we gotta
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go to electric cars so when california says hey let's go to electric cars by whatever the number is
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2025 etc yeah yeah it's gonna be tough but yeah and when at the same time now prices are coming down
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right okay but jank let's not minimize the cost of like actually charging those cars right because
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here's here's the other thing so gavin newsom pushes for and succeeds in passing legislation in
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california that would ban the sale of electric cars at a certain year i think it is 2025 if i'm not
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mistaken maybe not maybe it's 2035 i don't remember the exact year but eventually pretty soon you're
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no longer going to be able to buy a gas powered car in california literally like that same month
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kevin newsom's like oh there's a heat wave and our energy grid really can't handle it and so i'm just
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going to ask you guys if you have electric vehicles please don't charge them right now it's just
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no you can't do that jeff clark anna kasparian is one of the most articulate voices on the
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progressive left and she did the best analysis there of why the middle class and working class
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they're going to get and sink sitting there well you're just going to have to the planet's burning
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and we've got to go to electric vehicles he is the administrative state is he not sir
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he is and look she she was dead on there in terms of her analysis about
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the grid can't handle the demands for power for that many electric vehicles look at what's happening
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in california that uh people can't afford them they're going to be priced out of the market
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you know the biden administration is saying that this new rule on the epa side is justified to fight
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racism but it's actually a racist rule because it's going to price a lot of black and brown people
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out of the american dream of owning your own car it's ridiculous but while she's smart in her
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analysis and seeing that you know those policy prescriptions to fight the you know ostensible
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problem of climate change she's logically challenged because she can't see that if they're claiming that
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they need to get to net zero right by some future date in terms of carbon dioxide emissions well you
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know you have to do radical things like that to do it so then you have to question do we really need
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to do this or not and clearly you know uh sank won't question that he's like well the planet's
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burning we absolutely have to take these steps uh you know whereas she's saying like well there
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must be another way but no there is no other way that's why i say she's she's logically challenged
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they're doing something that is economically infeasible and that's why these regulations should be
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struck down look back in the 90s we got a two percent vehicle mandate in california for electric
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vehicles struck down this is a 70 mandate it's ludicrous jeff how do we get to your you on social
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media and to your website sure i'm at uh jeff clark us on getter and twitter and on real jeff
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clark on truth social and we're at the center of america renewing.com the center for renewing
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philip patrick next in the war room thanks jeff in my younger days i was a naval officer on a
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destroyer in fact i was the a gang officer in charge of all the engineering systems that were not
00:15:07.740
main propulsion and one of those was air purification and i can tell you the standards
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ekpure.com ekpure.com okay welcome back i want to go to philip patrick hey philip uh you're out
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correct me if i'm wrong brother i know you're out in la these electric vehicles and why i wanted to
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start the show with this so much of what's going on people can't make sense all this spending what's
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they're trying to what's in this budget in the regulatory so it's two ways they're coming at you
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from the spending side right the woken weaponized spending but i keep talking about systemic
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they're also coming the administrative states coming at the regulatory side that's what jeff
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clark lays out i mean this is just taking the clean air act which was from the 1960s
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adding an element to it that is so radical now you're out in california you're getting it also at
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the state level with newsom we just had casperi on there correct the people in california can we take
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this but this gets to the basic issue of why our economy is not hitting on all cylinders we're not
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just not full spectrum energy dominance we've done this bizarro move to like take an energy superpower
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and redirect it to wind and solar and electric vehicles it's so embedded i mean mccarthy and these
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guys have it's not billions it's literally hundreds of billions of dollars in these tax credits and all
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this so first before we get into the economy overall and and i want to talk about gold and why it's been
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a hedge and why people should think about it just give me your overall perspective of the madness and
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insanity that we're trying to chop our way through brother i mean it's obscene and i think jeff clark
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did a really good job of sort of laying out how absurd it is this concept of going green as a
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long-term idea may be a great idea but right now the nation clearly cannot support it all right and i
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think biden is incapable of thinking beyond beyond the end of the day and if you consider the
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republicans plans that they're putting forward they're fairly reasonable right we're talking about
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a one-year debt ceiling increase freezing spending at last year's levels reclaiming tens of billions of
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dollars in unspent pandemic relief funds i mean it's fairly rational and what does biden say on the
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back of that he said that mccarthy had effectively proposed huge cuts to important programs that
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millions of u.s households depend on it's nonsense right it caps government spending mccarthy's plan
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at a one percent increase per year how is this massive cuts right it's just bizarro land the guy
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hasn't got an idea he's trying to appeal to special interest groups but in the process he's running the
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economy into the ground and we're seeing it it's bizarre you you bring up and i'm glad you use those
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two terms uh reasonable and uh rational and we pride ourselves here in the war of being unreasonable
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and here's why i think it's now a time in america if we're just reasonable and i've given a real hat
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tip to to speaker mccarthy because he's got a herd cats right he's got the mainstream he's got some guys
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up in new york they're in tough districts i i get that he's trying to get to 218 to be able to put
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something and quite frankly as we've been saying the show the last couple days the 218 has some
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very compelling arguments to it and they've gone back to try to be reasonable and try to be rational
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and not look like this or we take a different view and that view is that no we need to lance the boil
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now and the boat we got to say no not one penny increase to the death and here's why and this is why
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i think it's good to your special that you're a precious metals specialist you guys offer advice
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you've been doing it for years and why precious metals on fire because you have japan and india and
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china and russia and and others buying gold with with both hands and here's the reason
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what is happening is not reasonable it's not rational if we try to count it with a rational plan
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we're the suckers what they're doing is absolute madness and to the point what i want you to address
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is the brics brazil russia india china uh south america and others which are kind of what i call
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the global south they have the resources they're sitting there and they're going hang on for a second
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the west is controlled by the dollar that is the prime reserve currency everything i got to do is in
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dollars and all that they're not showing a discipline all they're doing is a rolling devaluation so i'm
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giving my my rubber or my coal or my oil or my uh rare earths all the resources the global south has
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i'm training that for a an instrument a federal reserve note that they're devaluing so hey maybe
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here's what i'm doing and this is my theory of the case they're essentially going to a quasi gold standard
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because they're actually being there are most of those countries are enemies but you see the internal
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logic of what they're saying the west and and we're remember here we're fighting the biden regime and the
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irrational people they're saying no you have to go everything on electro even if you believe the
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electrical vehicles there's no absolutely rational people say we're going to do it in five years or six
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years we don't have the grid we don't have the charging stations we don't have the lithium batteries
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you have nothing so the the global south to me first of all by going to a quasi gold standard
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is actually saying no the west and this is why we have to get our house in order and the only way we
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get our house in order if the war room posse first off gets the birch gold uh you know the third
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installment on the debt track because we wrote this months ago but it's like we ripped it off today's
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headline from this morning's wall street journal we have to be unreasonable and unreasonable is have
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to say no because we're going to have this fight uh give me your thoughts on that philip patrick
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listen you're absolutely spot on we talk about gold as a hedge and it is proving that i mean i didn't
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need to prove it it's done that for the last 5 000 years but it's proving it as a market hedge
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shorter term right what have we seen in the markets s&p down 20 percent in the last year bonds down 13
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inflation officially at five really at 15 the dollar down seven percent in the last 16 months
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what's gold done on the back of that up over 10.6 percent so it's hedging financial markets
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look at demand this is really important demand for physical gold rose 10 to a nine-year high
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central government gold demand rose 82 percent 2022 biggest year for central bank gold buying in history
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so we know why individuals are buying it they're looking at a market hedge they're looking for
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something that doesn't have counterparty risk they're looking for real wealth central governments
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is a different picture right are they hedging economic uncertainty absolutely the imf just slashed its
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global economic forecast in half but what it really is and this is what you mentioned it's a vote against
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the dollar as a store of value and this is the biggest problem right brazil russia indian china
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they're essentially eliminating the dollar from their transactions they don't want dollars if they
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can avoid it now is the yuan or the ruble going to be global reserve currency tomorrow no they both
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have issues it's going to take time but what it's telling us is even a handful of non-dollar trades
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significantly affects the dollar's global role right when currency regimes change gold is the default
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store of value nobody knows at this point what's ultimately going to replace the dollar right so
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instead of risking a bad bet they buy gold because gold is the hedge so historically during times of
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uncertainty like this air coming out of stock market bubbles a shift in global reserve currency regime
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gold does well so i think we've proven it's a hedge today yeah as it has been many times in history
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five thousand years i'm going to go back to the central banks for a second uh because we're not
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here to give investment advice what we're trying to do is give the macro and some of the micro and let
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you but my my thing i tell everybody and this is on every topic we do i try to immerse you in
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information and so you guys can make your own rational so this is a free society you're free men and
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women you have to make your own decisions being the prime reserve currency comes with tremendous
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benefits it also comes with tremendous responsibilities i'm not saying that we have to be
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the prime reserve currency going before it has been other countries in the past it has been
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uh england the united kingdom until the end of world war ii where the pound had been since the
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napoleonic wars basically since the congress of vienna it had been the spanish currency before it had
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been other currencies before okay i'm not saying it has to be but you don't come off of that
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without major and i mean major um financial and economic consequences and it's not something to
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be done to be forced upon you it's something you have to and look what happened to england look at
00:25:48.100
all those lost years until thatcher came to power in the late 70s and early 80s the english lost a
00:25:54.540
generation right you see the japanese have lost they call the lost generation lost we are going to do
00:26:00.660
that if we continue on this massive irrationality and continue to spend i am not taking the side of
00:26:07.240
our enemies here i want to make sure people understand that these are particularly in persia
00:26:11.160
and in saudi arabia in turkey in the kgb in russia and particularly the ccp in lula in brazil they are
00:26:18.340
the enemies of the united states but we are playing into their hand and making them seem logical go back
00:26:23.740
i got a couple of minutes i got to get to this central bank thing the central bankers also have a
00:26:28.720
massive responsibility to their countries walk me through again the purchases of gold because this
00:26:33.880
is not steve bannon saying it this is not philip patrick the guys of birch gold these are these are
00:26:39.380
some of the heaviest dudes men and women in the world that every day are under pressure to make tough
00:26:45.040
decisions what are the central banks doing in regards to gold listen you're absolutely absolutely
00:26:51.120
spot on i always tell people you can listen to what i say that's one thing when central governments
00:26:57.020
are buying central bank government are buying gold at levels never seen before in history it means more
00:27:03.200
than anybody's opinion there is no smarter money than central bank money and they are moving into gold
00:27:09.020
like i said last year was a record in history for central bank gold buying across the board and it's not
00:27:16.620
just brazil russia indian china it's our it's our it's our allies as well when currency is up in the air
00:27:23.700
people turn to gold that's what's happening and it's happening on a big big scale and it's because
00:27:30.240
we're trashing the dollar every day okay philip hang on we're getting more into the economy i got
00:27:34.120
ben harnwell and rome we're gonna talk about ukraine we're gonna take a short commercial break we're
00:27:38.960
gonna be back in the war room on our saturday session my favorite show of the week i love them all i love
00:27:45.200
all the war rooms but something you know being a kid and having to work on saturdays this is my show
00:27:49.940
everything's just beginning but the games you want to play bring it on and now we'll fight to the end
00:28:04.980
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dot com promo code bannon do it today war room here's your host stephen k bannon
00:30:17.240
air defense has been a very top priority uh for us uh for the entire war uh but uh you know ever
00:30:28.900
since um the fall and winter we've really been surging uh air defense capabilities to ukraine uh to
00:30:35.380
include uh a u.s patriot system uh alongside one that germany is providing uh we've contributed nasam's
00:30:43.220
systems um uh other uh short medium and long and long range uh air defense and missile defense
00:30:49.960
uh systems uh so we will we're doing everything we can we've made two priorities one was uh to bolster
00:30:56.860
uh western uh air defense systems i already mentioned the patriot systems but also uh to make sure that
00:31:03.760
they had sufficient artillery and that we were uh providing them the armored and mechanized systems that
00:31:08.800
we knew they would need and would need to be trained on uh for the upcoming spring and summer
00:31:13.920
offensive so uh we are all in okay we're all in welcome back to the worm let's go to rome and bring
00:31:22.320
in ben harnwell uh ben we can't talk about um getting our arms around the budget stopping the
00:31:28.780
spending here the defense budget's 850 billion dollars i'm a believer of taking down the ccp using
00:31:34.280
non-kinetic means now if we got to fight them in a gunfight in the south china sea we got to get
00:31:40.000
ready for that immediately i'm all in on that their number one priority but we need to cut the defense
00:31:44.940
budget we cannot continue to spend and this is because we're spread all over hell's half acre
00:31:48.720
and the biggest place we're spread all over is ukraine walk me through who was that individual why is
00:31:55.240
this another tripling down particularly when we just had the release of the classified documents
00:32:00.120
ron filipowski and others have watched the show so closely i disagree with you you keep saying that
00:32:06.940
the slides about ukraine were russian disinformation it's all changed i'm not buying that because i
00:32:13.280
haven't seen the evidence of that you've got to show them i see the evidence of all the different 100 plus
00:32:18.600
slides of the of the leaks and it all hangs together and you haven't seen blowback i haven't
00:32:24.880
seen milly testifying and say it's not true right now they it says in the in this slide 70 000
00:32:30.960
ukrainian troops dead casualties the seven 16 or 17 000 russian plus it shows everything's a lie
00:32:37.680
we've been told the whole triumphalist narrative is a lie including this big spring offensive they're
00:32:43.160
supposed to get ready for ben why is this clip so important about their even with what we know now
00:32:50.080
they're still adamant about all in and all in means not just more dead ukrainians i'm gonna get
00:32:55.280
philip patrick here in a second it means more tens of not hundreds of billions of dollars from u.s
00:33:01.840
taxpayer poured into the charnel house that is the combat zone of ukraine sir yeah steve this was an
00:33:10.180
interview that was released earlier on in the week with the editor of foreign policy um and the guy
00:33:16.960
being interviewed colin carl is the under secretary for defense he's the guy who's in charge of policy
00:33:22.240
and specifically of course with regards to ukraine and its um spring offensive uh and this is really
00:33:30.480
the the as you say it's not this isn't anything that's been leaked or has emerged in papers pentagon
00:33:37.840
of of um unconfirmed veracity this is an interview a public interview where the head guy um at defense
00:33:49.280
is saying perfectly clearly that the united states is all in uh with regards to ukraine now if anyone
00:33:57.440
watching you know the war impossible this isn't going to be news because we've been covering this and
00:34:02.400
all the indications from the united states and from nato have been that this is basically a proxy war
00:34:09.520
um obviously um some attention needs to be if i might just go on because this ties into something
00:34:16.560
else that happened um earlier on in the week sure and that is jens stoltenberg went to um to ukraine i
00:34:22.960
think it was on thursday um and this is the quote that stoltenberg gives this is how it all ties
00:34:28.080
together he says nato stands with talking to president zelensky nato stands with you today
00:34:34.880
tomorrow and for as long as it takes nato's has been saying this um as has the united states as has
00:34:42.960
the uk uh for some time here it pivots i think to what putin has been saying domestically and he
00:34:49.840
he's obviously been pillow pillow pillow it um by the west but putin has been saying that um that
00:34:57.520
really nato is involved um in this war is acting behind the scenes and nato has sort of been denying
00:35:03.680
this again somewhat contradicted by the leaked pentagon papers but now so that again this is this is this
00:35:10.320
is the secretary general of the un speaking um on ukrainian sort of not a nato ally though obviously if
00:35:18.000
if you if you wanted to type in the word ally into um into any of the press articles that has come
00:35:23.520
up it's the number one art it's the number one word that's repeated again and again and again
00:35:28.240
about nato allies um here which of course ukraine isn't one um but putin has you know has been
00:35:36.640
saying that this is this this is a war uh when nato is acting behind the scenes and this is absolutely
00:35:42.160
true because what is nato but it's simply a glove uh which is uh the the the the hand within this
00:35:50.560
glove is the united states see this is what's happening it's basically the equivalent of how
00:35:56.320
do you boil a fog uh if you throw it into the boiling water it's going to hop out straight away
00:36:01.360
you turn it up one degree at a time it's going to it's going to be boiled today without have ever
00:36:06.560
ever having realized the increases of temperature and this is this interview here as i say in foreign
00:36:11.680
policy is yet a further illustration how you know the goal posts are sort of constantly being moved in
00:36:18.880
and without anyone without the president uh ever going to congress or asking for war powers or anything
00:36:26.160
like this the united states is is now pretty much admitting that it that it is uh that it is all in
00:36:33.680
in a war of which it is ostensibly not a player all in and it's never come to the american people
00:36:42.000
just hang on for one second i'm gonna come back to this whole nato as vassal state and what's really
00:36:46.880
going on here i want to go to philip patrick philip one of the reasons we have central banks buying so
00:36:51.280
much gold one of the reasons we have so much perturbations is that the u.s as part of this initial
00:36:57.440
policy about russia we did to the russians what we never did to the nazis or to the fascists or to
00:37:06.560
imperial japan in world war ii or even the bolshevik even the soviet union we went right after their
00:37:11.920
central bank and we tried to destroy the ruble and and that caused tremendous perturbations now because
00:37:18.480
he has wait for it natural resources oil and gas they were able and every day you hear the economy's
00:37:25.120
collapsing putin's being overthrown it's it's but walk me through the u.s because one of the reasons
00:37:31.200
they're trying to get off the dollar is being used the dollar as a weapon and i'm all for using the
00:37:37.040
dollar as a weapon when you use it rarely but you use it like a nuclear weapon like taking it on the
00:37:42.960
ccp after hong kong you can't just keep going on these sanctions all the time or they're going to sit
00:37:48.720
there and go yo dude i'm addicted to this stuff and it's a weapon you can use against me hey call the
00:37:54.160
gold desk i think i want it back my god i think i want to back my natural gas and my oil and my
00:37:59.440
economy with gold is that essentially what's happened here we weaponized it in this situation
00:38:05.760
with the using ukraine as the proxy war against russia and it's blown back on us it's exactly what
00:38:11.280
happened and and i think your perspective was absolutely right look russia were prepared for it
00:38:16.240
they've increased gold holdings they have a very under diversified economy i've said before they're
00:38:22.320
essentially a gas station we sanctioned them ruble plummeted they pegged the ruble to the price of
00:38:28.560
gold it stabilized and that was that had we saved that bullet for china it would have been devastating
00:38:35.760
right but i think russia and china were always seeking an alternative to the dollar but they didn't
00:38:40.800
have the motivation because it's problematic right to go out and really do it this gave them the
00:38:47.040
motivation obviously trying to have aspiration for taiwan they want to make sure they're as prepared
00:38:52.320
as possible for u.s sanctions so i think it in escalate it significantly escalated the inevitability
00:38:59.120
and i think it was just a big political misstep on behalf of the biden regime but no surprise right
00:39:07.040
one of the things we try to do on the show is to make sure we give nomenclature process critical
00:39:11.440
paths statics and dynamics so that people can come to their get their own mental map and their own
00:39:17.600
understanding so then they can learn going forward about how the world works i want to go back to
00:39:22.320
something that is one of the most important uh not just elements of the ukraine war but one of the
00:39:29.600
most important things that happened in modern economic history in the 21st century was in the
00:39:35.440
early months of this war when we were using economic warfare like we've never used against
00:39:40.720
either hitler or the ccp and we use it against russia and what they did and it got no almost got no
00:39:48.560
coverage in the corporate mainstream business media talk about put in these guys they went and when we
00:39:55.040
were trying to crush the ruble in the early in the first hundred days and take down their central bank
00:39:59.840
holding actually the dollar reserves they had in other banks throughout the west they went and made
00:40:05.280
a move to peg the ruble to gold walk me through that and what happened and most importantly
00:40:10.560
why was the business media not covering this non-stop sir i mean look the the the mainstream media is
00:40:19.200
trying to paint biden as a saint and i think every misstep is swept under the carpet so again that's no
00:40:25.520
surprise but like i said putin's pretty smart right now he went into to ukraine in 2014 took crimea i think
00:40:34.480
he always had aspirations to take the rest of ukraine but knew that they had to prepare right he i think
00:40:41.200
he he knew what would happen from a sanction standpoint ruble plummeted initially he increased gold holdings
00:40:48.480
he pegged the ruble to the price of gold it stabilized and it went to 30 year highs the ruble hadn't been
00:40:54.640
stronger at one point for 30 years so it didn't have the dramatic effect on the russian economy that they thought
00:41:01.440
it would and of course russia have a lot of control as you mentioned they've got a lot of natural
00:41:06.320
resources and it gives them control in in terms of how they spend you look at russian um china now
00:41:12.080
sorry having very successful conversations with the saudis this is a significant problem for us here in
00:41:19.600
the us the the petrodollar was a sacrosanct agreement between nixon and the saudis since the 70s
00:41:25.920
for them to break that i think is a reflection of of the us on the global stage and we're weakening
00:41:32.160
our grip and this is what i've always said biden you know a president lasts four or eight years
00:41:38.160
but the the damage that this guy is doing if he continues down this path will long outlive his
00:41:44.560
presidency long outlive so this is really concerning stuff i think that shakespeare tells us this right and
00:41:52.080
is it mark antony's uh mark antony's uh eulogy to to caesar in uh in in the play that the evil that
00:42:01.520
men do far outlive uh the interment of their bones the good they do is interred with their bones but the
00:42:07.680
evil that men do live on and that's that's what we're seeing this there is a fundamental i want to
00:42:12.800
make sure people understand there's a fundamental shift in the global economy and that shift is not
00:42:20.080
playing to our benefit we have been the prime reserve currency we we we've been the dominant
00:42:25.360
economy in the world since the second world war and part of the reason was is our allies the chinese
00:42:31.200
people and the russian people not the leaders not stalin and not Mao Zedong but they took the brunt
00:42:38.560
of the nazis and they took the brunt of imperial japan we our valor can't be questioned we really like
00:42:44.160
in world war one were the deciding factor to bring the end to the war but they they were the economies
00:42:50.000
that were devastated they were the countries that devastated we stood astride the globe as a
00:42:54.800
colossus at the end of the war basically un unhit except for pearl harbor right we had lost what six
00:43:02.000
seven eight hundred thousand i think total in in the fight but england and the rest of europe and in
00:43:07.200
russia and china were devastated and since that time brenton woods we've been the prime minister
00:43:12.400
what we're doing now is not thought through even back then these people really thought it through
00:43:17.840
they had a plan they had an idea this is just completely the bottoms falling out okay we're
00:43:23.360
gonna take a short break i got ben harnwell for a few minutes and philip patrick here uh we're going
00:43:28.160
to wrap up the first hour we're going to talk about the nato's the vassal state in western europe
00:43:32.640
and some closing thoughts on how this all comes together with philip patrick short commercial break
00:43:42.960
everything's just beginning but the games you want to play bring it on and now we'll fight to the end
00:43:51.280
just watch and see it's all started everything's begun and you are over
00:43:57.840
because we're taking down the ccp spread the word all through hong kong we will fight till they're all
00:44:07.120
gone we rejoice when there's no more let's take down the ccp for war room veterans you know we have
00:44:15.440
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getter has arrived the new social media taking on big tech protecting free speech and canceling
00:45:55.520
cancel culture join the marketplace of ideas the platform for independent thought has arrived superior
00:46:02.240
technology no more selling your personal data no more censorship no more cancel culture enough getter
00:46:10.400
has arrived it's time to say what you want the way you want download now
00:46:18.480
okay getter make sure you go up there we're putting up information all the time we got this huge
00:46:22.240
conference in the greater los angeles area on the world war iii the early years we got so many top
00:46:29.600
people around there i'm gonna give the closing remarks on sunday let me go to ben ben harnwell give me
00:46:35.760
uh only got a couple minutes give me your latest report from kiev as we're shelling out tens and
00:46:39.920
hundreds of billions of dollars we're having this massive fight they're going to cut all these
00:46:43.600
programs for americans what's happening in kiev sir well it's a very different picture from uh
00:46:50.240
east palestine that's for sure this now is a report i'm going to read from the times okay this is
00:46:56.400
dead down the center establishment cocktails oysters and air raid sirens war hasn't soured kiev's taste
00:47:07.520
for the good life there are now more bars and cafes in ukraine's capital than before the invasion here
00:47:14.560
is the excerpt and i'll leave you with this right the kiev opera is open and luxury spas offer gold leaf
00:47:23.520
facials and teeth whitening at soon a huge art deco department store that is ukraine's equivalent of
00:47:31.200
harrods or harvey nichols moneyed shoppers pick up chanel bags and prada suits it's no different here
00:47:38.880
one sales assistant said it's just the same as it was before this is what our sociopathic overlords
00:47:46.400
are hiding from us and keeping from us and the rest of the mainstream media is broadly complicit in
00:47:52.800
occasionally a crack open steve and some sunlight of truth comes through and we get to see what the
00:47:59.280
real picture is this is the life in ukraine and of course it has to be like that because all of the
00:48:06.160
unaccounted for billions that the united states and other countries have been pouring in to ukraine has to
00:48:12.560
be spent somewhere and this is where it's being spent on gold leaf facials and teeth whitening in kiev
00:48:19.360
ben uh what is your social media how can people keep up with you of all the great reporting you're
00:48:25.360
doing about this it will be on ghetto which is my uh my profile is my surname harnwell at harnwell
00:48:32.560
and i'll also announce now if i may steve you know your um your daily command brief um on the on the
00:48:40.640
warroom.org uh website which i encourage everyone to go to and subscribe to from today onwards i will be
00:48:48.240
doing original content for the for the for the for the website which if you register for the
00:48:54.640
newsletter you'll get the heads up on that original exclusive uh content and it will be my daily roundup
00:49:00.640
on uh on the national news fabulous look forward to launching that i think we officially going to
00:49:06.480
launch it on monday thank you very much ben harnwell love it thank you very much so i appreciate it
00:49:10.560
philip patrick uh i want everybody to go to a birchgold.com slash banner right now to get our
00:49:17.120
end of the dollar empire because if the empire is going to end it should end logically i don't
00:49:22.560
happen to think it should end but it should end logically the bottom's falling out on this what
00:49:26.480
guidance do you have for us in this massive fight you see what's happening in kiev just a joke
00:49:32.400
a sick joke give us your assessment philip patrick yeah look it it's it's crazy huge huge spending
00:49:38.960
now in ukraine and we're 14 months in right proxy wars between the us and russia tend to last a long
00:49:45.280
time so it looks like it's going to get very very very expensive central government gold buying i said
00:49:51.360
last year uh record highs 1136 tons and that's what was officially reported i expect that to continue
00:49:59.760
heavily through the end of this year as well so tough times in front of us central governments now
00:50:05.520
are hunkering down hedging their exposure and i think everybody else has to be doing the same thing
00:50:11.600
so as you said birchgold.com slash banner that's going to get people access to information which at
00:50:18.560
times like this is really really important remember what applies for central banks applies for us just on
00:50:25.120
a smaller level i like you hope this is not the end of the dollar's empire but if it is we need to
00:50:31.920
start hedging our exposure and planning for the worst and hoping for the best i had not heard you
00:50:38.640
and by the way philip is one of the guys that i depend upon to do analysis you know we have cortez
00:50:42.720
we have navarro brad philip's part of the team i had not heard so you believe that the that the level
00:50:47.840
of central bank purchasing gold in this year because you don't see the chaos getting any better you think
00:50:53.920
the decisions they're gonna make are going to rival the levels they bought last year yeah i i absolutely do
00:51:00.720
the dollar's looking shakier this year than last and i think that that leads to an increase in central
00:51:06.800
government gold buying and the trend is is that way through april so far so we're heading in that
00:51:12.480
direction for sure and the logic is they sit there and go hey i can't get fired if i use gold as a
00:51:20.400
hedge it's been for five thousand years if i do something else i can get fired nobody nobody's going
00:51:24.640
to criticize me in the day if i keep buying gold is that basically the central banker that's their
00:51:29.120
insurance policy right that's that's it and they're looking to be smart right we've seen dollar decline
00:51:35.120
we've seen gold shooting up this year so it's working for them and it's working for individuals
00:51:40.480
too i expect it to continue sadly to do so because obviously i think prospects for the dollar short to
00:51:47.680
medium term and long term if we don't have a change not so good okay uh philip once again uh
00:51:55.840
birchgold.com slash band and you get all the information the 401ks you get it on the iras
00:52:00.800
you particularly get uh the um the end of the dollar empire three-part series and the third part is the
00:52:07.200
debt trap you can get that philip how do people get you on social media you're putting up great content
00:52:11.360
all the time where do people go thank you steve really simple at uh at philip patrick on getter
00:52:17.840
philip patrick thank you for taking time on your saturday to be with us i appreciate it brother
00:52:26.320
my pleasure thank you steve um i gotta tell you this is uh and i say this about us being
00:52:37.760
it we're not going to back off the debt ceiling fight and they're going to call you every name
00:52:43.520
of the book and you see what they're doing on the electric vehicles what this crazy thing is about
00:52:47.040
the shift of into the net zero carbon uh it doesn't have a logic to it even if you believed in that you
00:52:54.000
had to do it the way they're doing it is too radical and too ill thought through okay in the next hour
00:53:01.200
there's a massive conference out in la on the third world war the early years we're in it now
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we're going to walk through the geopolitics we're going to walk through the economics we're going to walk
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through the impact on you and your family all of it we're going to take a short commercial break we're
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going to be back with the second hour of our saturday show here in the war room take a short commercial
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break be back in a minute make sure you go to mypillow.com promo code war room get the toppers
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massive discount the topper the uh the pillow 2.0 buy one get one free do it today short break 90
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seconds we'll be back in the war room war room posse you already know free speech is under constant
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attack by the swamp and their big tech allies they resell your communications and personal data
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while lecturing and laughing at you i've got the solution unplugged systems a secure communications
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covid gets all the headlines it's important to realize that heart disease kills nearly 700 000 americans
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every year yes heart disease is the number one killer every year year in and year out heart disease builds
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over time hypertension high blood pressure bad cholesterol diabetes all of it affects our heart
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a healthy heart is key to being energetic as we get older it is never too early to take care of your heart
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you see heart disease sneaks up on us you can start in your 30s and when this happens you're at serious
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risk by the time you turn 60 if you want to take care of your heart and those you care about please
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