Bannon's War Room - April 17, 2024


Episode 3544: National Populism Vs. Elite Globalism


Episode Stats

Length

56 minutes

Words per Minute

180.9405

Word Count

10,158

Sentence Count

38

Misogynist Sentences

5

Hate Speech Sentences

14


Summary

On today's show, we have a meltdown article from the Daily Caller about the current state of the conservative movement in America. We also have the latest on the constitutional sheriffs' strike in Las Vegas, and we have an article from The Daily Caller on the "Meltdown" that is happening in Washington, D.C. Finally, we get to the core of the problem, and that is that the neocon foreign policy establishment is determined to keep us in the role of bill payer and imperial leader and keep us as the third party payer of endless war.


Transcript

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going to
00:00:09.640 medieval on this people here's not got a free shot all these networks lying about the people
00:00:16.240 the people have had a belly full of it i know you don't like hearing that i know you try to do
00:00:20.400 everything the world to stop that but you're not going to stop it it's going to happen and where
00:00:23.900 do people like that go to share the big line mega media i wish in my soul i wish that any of these
00:00:31.720 people had a conscience ask yourself what is my task and what is my purpose if that answer is to
00:00:39.280 save my country this country will be saved war room here's your host stephen k bannett
00:00:47.280 it's wednesday 17 april on the year of our lord 2024 um welcome back for the second hour of the
00:00:57.140 morning show uh in the evening show we're all going to talk to the guardian this morning had a meltdown
00:01:03.000 article about the constitutional sheriffs that are meeting in las vegas we're going to be there
00:01:07.400 tomorrow in fact go to worm.org to make sure you get a last now we're over capacity but we're going
00:01:13.520 to fit additional people in if you're not but you've got to also sign up and then you got to
00:01:18.000 answer grace's email for uh rsvp we need to know exactly the head count because you get a free lunch
00:01:25.400 too how's that sound we're really looking forward to tomorrow and it's going to be we're going to try
00:01:29.360 some different things also get you down into the weeds of uh of on some of these battleground states
00:01:34.980 of actually what you have to do to win um want to read something from russ of vote by the way gold
00:01:40.580 birchgold.com i'm putting out the fifth installment i'm going to try to premiere tomorrow to give you
00:01:47.720 a taste of it it's uh fantastic work i'm really proud of the team over at birch gold that worked
00:01:54.500 with us on this it's the about the central bank digital currency and why in a time when you have
00:02:00.300 these massive deficits and now you have a tough time financing the deficit we told you this was going
00:02:06.360 to happen the de-dollarization people say the dollar stronger than ever it's just relative to
00:02:11.380 other currencies the world's tallest midget look at it vis-a-vis commodities look at vis-a-vis uh other
00:02:17.580 other things of value maybe not so much right so you've got to understand that we'd give you the macro
00:02:26.140 and i think we do a pretty good job uh birch gold gives you the micro talks about all kind of
00:02:31.700 instruments birchgold.com slash bandit go and also sign up for the end of the dollar empire i hope if
00:02:36.780 we can finish the graphics we will actually publish it tomorrow so that's my intention
00:02:42.060 also go to warroom.org and sign up you got the daily command brief that's really amazing uh the team
00:02:50.020 we've put together to do that is really quite amazing and it's fantastic the work that goes into
00:02:54.900 this you get all this for free so go sign birch gold's free uh the command brief's free all of it we try
00:03:00.540 to make all of our content in fact we do make all of our content uh free um i want to read uh of course
00:03:07.700 the people are going crazy right now the um i want to read from russ uh vote we had russ on yesterday
00:03:14.740 talked a little bit about this and if denver could please put this tweet up in its entirety
00:03:18.940 and mo and uh grace i want to make sure we push this out this is from vote i can understand those who
00:03:25.000 are baffled that conservatives are entertaining removing mike johnson from being speaker in an election
00:03:29.340 year with a small majority i haven't really weighed in because i understand the pros and cons but those
00:03:34.300 watching from the outside need to understand the magnitude of what johnson is doing funding ukraine
00:03:39.580 and acting as the third party payer of that endless war has rightfully become a mini brexit for many of us
00:03:46.980 the neocon foreign policy establishment is determined to keep us in this role of bill payer and imperial
00:03:53.040 leader we want out yesterday it's killing and exhausting our country it's leading to more war
00:03:59.120 internationally mike johnson made commitments not to fund ukraine without securing the border i wish he
00:04:04.940 had said regardless but it was a tangible reasonable approach he is now violating that promise because
00:04:11.980 global elites like david cameron etc and ruling class republicans are in complete freak out and guess
00:04:19.120 what he agrees with him he is a neocon that is what's happening so mike johnson is now touching the
00:04:23.980 stove and may light himself on fire this is after being worse than an utter mediocrity when it comes to
00:04:31.720 the spending fights refusing to use the power of the purse and flipping his position on reforming faiza
00:04:39.120 after a skiff brief i don't know what is going to happen and if he goes down i expect a complete meltdown
00:04:46.580 from conservative inc but mike johnson will be responsible for his own demise for choosing to
00:04:51.280 govern against the clear wishes of the vast majority of grassroots conservatives who are educated on the
00:04:57.540 issues and that is no longer a survivable place to be for any gop leader and thank god for it
00:05:05.040 uh war room you have done your uh posse you've done your job at least for right now we're gonna they've
00:05:12.320 delayed remember last night we were going to get the whole package where it was going to happen he's
00:05:16.000 they vapor locked in that package hasn't come out i think he's called another kitchen cabinet meeting
00:05:20.520 for this afternoon and probably going to have to vote on this over the weekend but that's the uh
00:05:26.560 that that's the reality of this that's the reality of where we are now kevin mccarthy i'll get to
00:05:33.160 can i pull up this guy this um uh facebook post that this guy is going to run against um and i'll have
00:05:40.440 more to say about this this is you know mccarthy's on the jihad against all the heroes that stood in
00:05:46.040 the breach to remove him because of the spending deal and lying about it you've got another guy jack
00:05:52.140 smith is that who his name is jack something this is you want to see clown you want to because
00:05:57.200 this is a clown this is a clown and you see the yellow part right there he is he's announced
00:06:05.280 yesterday with mccarthy's money mccarthy's money and mccarthy's guys backing it up i'm gonna put get
00:06:14.580 their names and do it in the next segment or after um jim rickards joins us this guy announced he's
00:06:20.360 going to primary one of the uh one of the great men uh in the house a fighter not just served his
00:06:27.400 country but also fought and has shown tremendous political courage that'd be eli crane this guy at the
00:06:33.420 last second is going to file and he's got all this mccarthy money back and he's just talking he says
00:06:37.180 i'm a real conservative and he touts in there oh eli eli crane's voting for democrats eli kane's
00:06:43.580 everybody this is a ball dude back in the old days that might work you're a clown and the people
00:06:50.000 advising you're a clown so when you get your face ripped off you turn to them and say hey you told me
00:06:54.440 i could say this you're talking about he didn't vote for the minibuses in the in the joint kind of
00:07:01.140 omnibus and yes they had some stuff they had some crap in there about about the board and stuff but
00:07:08.160 it was a joke you're actually saying supporting mccarthy's policies you want to do hey in the in
00:07:15.620 the district that eli crane represents that about a seven percent but we're going to have to take you
00:07:22.180 as a lesson because mccarthy is on a vengeance tour against gates and against good and mace and biggs and
00:07:29.740 all of them and eli crane particularly he's on he's on the revenge tour it's not going to work
00:07:35.660 you were the worst speaker in the history of the country and how do i say that give the empirical
00:07:41.580 evidence because you didn't even last nine months or eight months or a year you were gone
00:07:46.940 you were humiliated and you will be in the history books of being humiliated mccarthy and you're just
00:07:54.000 going to have to live with it because we're not going to allow your clowns your political operatives
00:08:01.020 and they're so smart and say yes we need to we can weaponize this against eli no you can't
00:08:06.560 people in this district among the smartest people in this country common sense hard work
00:08:11.840 you got the worm you got charlie kirk you got jack you think you're gonna run these games on us
00:08:16.640 you think you're gonna assault the intelligence of the maga movement brother
00:08:20.660 well when you're curled up in the fetal position haven't been destroyed politically which you will
00:08:27.760 be you can turn around and blame it on mccarthy's handlers that came down and talked you into and
00:08:33.240 showed you the big money man we got big money in back of you right now we're gonna go with the eli crane
00:08:37.220 you ain't gonna go after anybody eli crane's one of the great heroes in this country had the moral
00:08:42.980 courage to stand in the breach at every vote we should be proud we have men like eli crane that
00:08:54.320 will serve in the imperial capital and represent their constituents in the imperial capital we're
00:09:03.760 honored to have people like eli crane who will not back down from a fight and for you to use
00:09:10.800 exactly what mccarthy establishment cratered on and to try to turn that against him
00:09:17.460 it shows you're an idiot but you're also a tool of evil you are a tool of evil
00:09:24.560 so when you're political the non-political career you had is destroyed and you're curled up in the
00:09:31.520 fetal position sucking your thumb remember who put you up to do this mccarthy and this clique are evil
00:09:40.300 they're a big part of the reason that we're here this just didn't happen it's called controlled
00:09:49.020 opposition this just didn't happen the country just didn't get on the edge of this
00:09:54.100 they've had a fight for the first time in years a real fight that's why you think donald trump's in
00:10:00.640 a courtroom they're trying to destroy him they're trying to strip his business from him
00:10:03.540 they're trying to erase all memory of trump because for the first time they've had a fight
00:10:10.220 and here's the bad news for them we are as the book says the cover we are as president trump says
00:10:18.580 we're going to finish what we started because the only way we lose and steven a smith knows this
00:10:26.480 the only way maga loses is if if we quit and i know enough people in this movement
00:10:36.120 that quit is not part of their dna so we're not going to quit we're going to win every fight no
00:10:44.580 we're not we're going to have all are we going to get to the sunlit uplands in november if trump
00:10:50.620 wins no we're not uh is this some magic wand is some fairy godmother going to come down here and
00:10:56.740 and and and put some magic dust on it's all going to be better no it's not we have a long tough nasty
00:11:05.300 fight ahead of us because it's taken decades and decades and decades to get in this situation
00:11:13.060 and just like any human institution it's not going to be turned around and it ain't going to be turned
00:11:18.460 around tomorrow morning just look at your country right now see what you see
00:11:24.700 and see the collapse of these institutions higher education culture the church the military
00:11:34.740 congress our political process our courts look around you don't take it from me
00:11:40.640 see see what you see and then you tell me how we got here we got here because people were bought off
00:11:51.840 and said yeah i'll just go the easy route i'll make my money and screw the country and screw
00:11:56.300 future generations and most importantly screw all those who came before us and uh bequeath to us
00:12:03.260 the greatest country in mankind's history but we're not we're not built like that the maga movement is
00:12:13.100 not built like that and charlie sykes is right this is not going to stop and we will never stop
00:12:19.340 when you saw trump send a very that was a show of force yesterday in harlem he's not going to back
00:12:28.120 down as long as he's not going to back down we must have his back and you should be looking right now
00:12:33.540 at the crickets of who's not backing him all in and i don't care if you call yourself a conservative
00:12:40.140 you hate his guts you hate what he stands for you hate it all if you don't have his back then you're
00:12:44.920 part of the problem and i tell you what sir you got to get current in uh coming after eli crane the
00:12:54.200 games change you can't put out nonsense like that anymore this audience is too sophisticated the folks
00:13:00.000 in your district are too sophisticated they get it and one of the reasons they get it is we make sure
00:13:07.060 that six days a week we provide a platform to give them information that is free men and women they can
00:13:13.560 look at and come to the conclusion hey this ain't right and now i understand what they're running the
00:13:18.740 deal they're running you can never take down what you put up you have to say real conservative yeah
00:13:24.980 that's a real conservative you're voting for you're saying you would vote for the destruction of this
00:13:30.100 country dude you may be too stupid to understand that but we're very willing to give you a tutorial
00:13:37.460 over the next couple of weeks so that you understand it because if we lose men like eli crane we have lost
00:13:44.600 this country let me repeat that we lose men and women of the moral character of eli crane prepared to step
00:13:55.040 forward and to serve their districts and to serve this country and to try to save this republic this that
00:14:02.520 is republic ending
00:14:03.720 and we are not prepared to have that happen
00:14:11.440 and it's going to get plenty nasty
00:14:15.960 and these primaries are going to get plenty nasty
00:14:19.100 on capitol hill it's going to get plenty nasty
00:14:22.360 in our confrontation with the biden crime family but that's okay
00:14:25.980 if it has to be it has to be that's just the way it is
00:14:29.620 and we're prepared to accept that and we're prepared more importantly to own it
00:14:35.020 and to take responsibility for it and to be held accountable for it
00:14:39.540 short commercial break
00:14:42.780 jim rickards i've got in rome ben harnwell
00:14:46.120 we have a lot to say that's going to connect back to these important votes of what's happening
00:14:50.660 on capitol hill
00:14:51.340 short commercial break back in the warm in a moment
00:14:53.680 we rejoice when there's no more let's take down the ccb
00:14:59.620 hey folks if you watch war room you know we talk every day about the geopolitical and other forces driving the price of gold
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00:16:43.280 okay thank you welcome back um i want to bring in ben harnwell jim rickridge joins us but i want
00:16:57.320 to bring i want to tee up jim with a couple of news items news breaks uh daily telegraph in new york
00:17:04.420 times ben harnwell from rome uh give me the speed of the two things that broke have broken here uh
00:17:10.140 recently morning steve well the first article here in the daily telegraph i'll just give the
00:17:15.600 headline uh crude cheap and deadly russian glide bombs are pounding ukraine into surrender i want
00:17:24.760 to break this story down later after jim but the point about this reason why i suggested this this
00:17:30.620 article for today's show is that it's the first article steve i've seen in what two years
00:17:36.920 two months of two months of this war that i have seen the word surrender tied directly to the ukrainian
00:17:45.020 state of war um it's an interesting article but i'll break it down later um the other article here in
00:17:52.800 the new york times is in ukraine's west draft dodgers run and swim to avoid the war it's an article which
00:18:01.160 refers to and i literally quote an exodus of young ukrainian men fleeing the country because they
00:18:08.760 don't want to be drafted into a war and it actually makes the parallel point that the worse the war is
00:18:13.420 doing the more they're trying to get out it also drops the interesting fact that the the figures that
00:18:20.020 these young poor young ukrainian kids are spending to be guided by the people smugglers outside of the
00:18:26.700 country has risen from two thousand dollars per person at the beginning of the war to ten thousand
00:18:32.280 dollars now and it's basically taken over the major means of smuggling that's gone from counterfeit
00:18:39.100 cigarettes to to young ukrainian guys because of this war but i'll break this down um and a little
00:18:45.200 later in the show steve yeah just read just just read that as we're up there talking about another 60
00:18:50.320 billion dollars in a open money pit uh read that headline again we said this was going to happen the key
00:18:56.460 part is they don't they can't get the 500 000 combat troops around the age of 27 right because
00:19:03.000 the average age is 42 and they're getting pounded right and they don't have enough men to fight
00:19:08.320 because people do not want to volunteer in the levels they need to fight what they think is an
00:19:16.240 unwinnable war in a stupid war yes about you know uh they're they're they're and i'm not questioning
00:19:22.900 the bravery and courage of the ukrainian people it's been amazing it is the their sociopathic
00:19:29.900 leaders in brussels by the way in brussels yesterday they tried to shut down the national conservative
00:19:34.980 convention uh brother sharab and yoram hazani and these people putting on nigel farage was speaking
00:19:41.280 they're going to have orban in brussels this is what they think of democracy and this is what they think
00:19:46.340 of free speech they sent the police to shut it down in the middle of nigel's talk they don't believe
00:19:51.000 in free speech they believe in absolute total fascist control this is why they're not going to win in
00:19:58.480 ukraine they're just not and hey it ain't steve bannon saying that it's the young it's the parents
00:20:03.280 of the young men who put the ten thousand dollars up get my son out of here because i don't want to
00:20:08.300 he's my most precious asset or my children i don't want to throw into the charnel house
00:20:12.840 of uh of this war now that was it kharkiv is about to uh is about to fall the second biggest city
00:20:21.120 the second most important city just read the headline again before i go to jim records sir
00:20:24.140 in ukraine's west draft dodgers run and swim to avoid war
00:20:31.680 unbelievable uh hang on harnwell we're gonna come back to you jim records uh your assessment uh they're
00:20:40.040 they're blaming maga uh for the uh for the loss in ukraine that oh it's us holding back the money
00:20:47.140 it's we're the worst people in the world uh they've they've put all the chips in the middle of the
00:20:52.260 table mike johnson now hasn't put forward what the plan's going to be uh and i want all the war and
00:20:57.500 posse to hold fire until we find the plan then if they're going to put it in one rule it's kill the
00:21:02.460 rule but he may be wavering even as we speak uh records you're one of the best geo strategic
00:21:09.460 geoeconomic thinkers in the world give me your assessment sir well uh that's exactly right
00:21:16.220 steve what the important thing to understand in terms of this you know 61 billion dollars for
00:21:20.560 ukraine that mike johnson is trying to shepherd through the house uh a couple things it doesn't
00:21:26.080 matter it will not change the outcome the war's not over but ukraine is lost uh what's going on
00:21:32.120 the battlefront between russian ukraine and eastern ukraine you know normal battlefront you know
00:21:37.380 one side is moving the other side is retreating they're fighting back there that is not what's
00:21:40.960 going on what's going on is that ukraine's forces are collapsing they're they're uh they're surrendering
00:21:46.900 in some cases at the battalion level they're deserting they're just kind of running in a
00:21:52.520 disorderly way uh heading back to the nipo river they're getting annihilated uh in open fields from
00:21:57.760 the air so this is this is a collapse this isn't uh you know russian germany in 1942 this is russian
00:22:03.660 germany in 1945 uh where it's where it's just you know it's the war's not over but you can see how
00:22:09.600 it's going to end so the 61 billion dollars will not matter in that sense it's it's sort of also the
00:22:15.040 other thing is there's nothing to buy people don't understand that they say if i say hey steve we're
00:22:19.700 standing outside the store here's a million dollars go in and buy whatever you want and you walk in the
00:22:23.820 store and the shelves are empty what good did that million dollars do because there's nothing to buy
00:22:28.700 what does ukraine need they need 155 millimeter artillery shells there aren't any there aren't any
00:22:34.660 this is why the u.s sent them cluster bombs which basically killed children uh because they play with
00:22:39.440 them after the war um we don't have any 155s neither does the uk neither do the nato allies
00:22:45.340 czechoslovakia which is major or sorry the czech republic which is a major arms producer they were
00:22:50.780 authorized by nato to go out and find some 155 millimeter shells from global arms dealers usually
00:22:56.460 that we call them you know scumbags or you know dirty uh money whatever uh they can't they can't
00:23:02.080 find they came up with about 150 000 shells a lot of them are probably duds they need a million they
00:23:07.120 need a million a month which uh to keep going that they don't have them they're not available anywhere
00:23:11.760 in the world at any price so ukraine's done so there's nothing to do with the 61 billion dollars
00:23:17.300 so why are they doing it here's one of the dirty little secrets if they authorize it it's not like
00:23:23.320 they're going to write a 61 billion dollar check to ukraine they're going to ship ukraine a bunch
00:23:27.800 of used uh bradley fighting vehicles from the 1980s abrams tanks that are left burning on the
00:23:32.720 battlefield uh patriot missile systems a billion dollars apiece that cannot shoot down uh russian
00:23:38.780 hypersonic missiles the zircon and the ishka missiles it's it's all worthless stuff but it's
00:23:44.400 basically like an army surplus store we'll send that over and buy new stuff for ourselves so this is
00:23:49.420 like an arms bill uh the whole thing is a fraud uh i call they the democrats the ruthless party
00:23:54.820 but i call the republicans sometimes the stupid party because they fall into these democratic traps
00:23:59.500 so what what the democrats have done they've laid a trap for the republicans and mike johnson's walking
00:24:04.360 right into it as follows if the republicans somehow shoot this bill down i don't think they will but i
00:24:10.100 mean they're trying but they shoot it down that the ukraine will lose and the democrats will blame the
00:24:15.120 republicans will say well we would have won the war if only you had given us the 61 billion dollars
00:24:19.740 if they approve it um ukraine is still going to lose the war as i described it doesn't make any
00:24:25.720 difference but they'll probably be able to keep it going for six months this is all about the election
00:24:30.500 i mean everyone knows ukraine is lost that's obvious from the battlefield and the economics and a lot
00:24:36.060 else but what uh you know jake sullivan national security advisor he's a campaign hack i mean that's what he
00:24:41.920 does he's a campaign hack they're trying to keep the war going until after the election so maybe maybe
00:24:47.840 biden can win or at least not have another disaster on his watch so the democrats win either way if you
00:24:53.000 shoot it down republicans kept playing for losing the war if you approve it you kind of keep the war
00:24:58.760 going to at least the election maybe it helps biden there is one way out for johnson there's one thing
00:25:03.980 he could do which is uh because he's allowed to just block anything from going to the floor he has that
00:25:10.140 power so why not just say okay we're not voting on that we're just not doing it well again that's
00:25:14.440 where the republicans get blamed for losing the war even though it doesn't really matter but what
00:25:19.380 he could do he could put the bill forward with really really powerful teeth in terms of the border
00:25:24.940 and then say okay hey we passed the ukraine money by the way it's got these amendments that are going to
00:25:29.760 secure the border here you go democrats here you go schumer you don't take it up you want money for
00:25:34.140 ukraine here it is we just handed it to you well of course the democrats won't do that
00:25:38.080 but at least the republicans won't get blamed for not providing the money so so the way out for
00:25:43.280 johnson is to put the border provisions in the ukraine bill pass it send it over to schumer and
00:25:48.780 dare him to sign it you you know these guys well i mean you've been in this business for a long time
00:25:56.340 what is the obsession with brussels and davos and the city of london and wall street and the globalist
00:26:02.880 elites what is their obsession with ukraine i mean we have enough hot spots around the world but
00:26:08.480 there's something particular that uh they've this the the globalist along with the progressive left
00:26:15.140 is all over the ukraine and it's got to be more than just geostrategic because there's something
00:26:21.900 deeper here there's something uglier here what what is your assessment well there is a kind of mental
00:26:27.080 illness you're right and it is an obsession that's the right way to describe it it's not about ukraine it's
00:26:31.780 about putin ukraine was always a way now again you got to put yourself in the mind of you know victoria
00:26:38.020 newland uh fiona hill uh you know etc all these uh you know the the warmongers the neocons etc
00:26:44.760 they're obsessed with putin now their formative years you know we kind of all go back to our
00:26:49.240 education whatever with the 1990s what was going on in the 1990s we had boris yeltsin who was basically
00:26:55.440 drunk you had a total free-for-all they they were nationalizing all sorry they were privatizing all
00:27:01.760 the russian industries uh americans were rushing in building a stock exchange doing all this stuff
00:27:06.140 trying to make a lot of money who ended that who ended the gangster period when there were machine
00:27:10.780 gun you know uh gunfights on the streets of moscow and other cities who ended it it was putin he
00:27:16.620 broke up the game he restored nationalism russia's very strong sense of naturalism his strongest ally i mean
00:27:22.680 okay the military it's not the oligarchs he hates the oligarchs it's the orthodox church it's the
00:27:27.900 patriarch of moscow and that is that is in the in the soul and the guts of every russian so that's
00:27:33.620 where putin's support comes from so he restored all those things but he ended the game he ended the
00:27:38.940 you know the money laundering the the rip-offs the depleting russian resources he ended that they
00:27:44.100 hate him and so ukraine was never more than a pawn to defeat uh putin remember that remember the
00:27:51.040 scenario go back to late 2021 early 2022 before the russian special military operation for example we
00:27:57.520 provoked it i understand russia moved moved in but we provoked it we spent you know since 2008
00:28:02.600 we provoking plus the uh the coup in 2014 so as we provoked the war we want the war we got the war
00:28:08.560 okay nice job you know uh victoria newland but what they thought was ukraine will bleed the russian
00:28:15.540 military machine dry we'll defeat them on the battlefield we'll use up the money the people will rise up and
00:28:20.680 they'll get rid of putin completely won't jim hang on one second just stick around do the break
00:28:25.800 strategic intelligence go to rickards that's with an s war room.com all one word get access
00:28:33.160 to strategic intelligence also a discount go to strategic intelligence you like this geopolitical
00:28:39.480 thinking of our guests and contributor jim rickards short break
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00:29:55.820 business talk to the consultants my patriot supply.com
00:30:10.360 okay welcome back uh jim rickerts you're not a gold bug i i i became acquainted with your thinking
00:30:31.740 on currency war by the way when you go to rickertswarroom.com you get a free currency war
00:30:36.980 uh this book had a fundamental fundamentally changed my thinking that's how important it is
00:30:44.460 um and uh jim i found out later uh was uh is it teaches our instructor at the with the army war college
00:30:51.760 uh teaches a financial uh war teaches economic warfare which i've always argued we don't need
00:30:57.980 trillion dollar defense budgets uh if we uh act smartly and we can act smartly you're not a gold bug
00:31:06.000 but gold's at 2405 and i recommend everybody go to birch gold and check out talk to the team over
00:31:11.920 there about this because we don't give financial advice here but 20 20 it's broken 2400 jim it's
00:31:18.860 there's something weird happening explain to us we got we got these massive deficits uh the market's
00:31:24.220 now saying there there's a huge uh tremor inside behind closed doors that you can't sell all these
00:31:29.740 securities kind of yelling and powell have screwed this thing up before what we pointed out they did in
00:31:34.680 early december uh people are kind of starting to panic uh the dollar is you know visa gold is this
00:31:42.880 it's just it's outrageous what's happening walk us through your assessment and you remember
00:31:48.340 rickerts is not a gold bug he's not he's not one of these gold guys jim rickerts yeah i do uh i do
00:31:55.080 consider gold a monetary asset but i'm not a gold bug i mean there are issues with the gold standard
00:31:59.940 etc well a couple things steve number one we're not going to have any difficulty selling treasury
00:32:05.220 securities and here's why if china doesn't want them and brazil doesn't want them and saudi arabia
00:32:10.140 doesn't want them they have quite a lot by the way one phone call to jamie diamond will take care of
00:32:15.740 the problem it was the u.s banks will buy them and if they're told to they will do it in the 1950s
00:32:21.760 u.s banks had maybe 40 percent of their assets in u.s treasuries today it's about five or six percent
00:32:27.620 so there's plenty of headroom now that that's not without consequences in other words it could
00:32:32.560 mean interest rates go up it could mean there's less money available for commercial lending and
00:32:36.980 and other could impact the impact the economy negatively but we will we'll always be able
00:32:41.360 to sell the treasury isn't that jamie diamond and jp morgan don't want to buy them but but hang on it is
00:32:46.540 but this yeah but this is also how we got into the bailout of silicon valley banking guys right i mean
00:32:52.360 if you're if you buy these securities because the government's basically telling you securities
00:32:56.000 you're buying biden bonds and you've got to sit through those biden bonds and if if rates to
00:33:01.480 if things keep going up this is what they're concerned about this the commercial the the
00:33:06.760 regional banks right now with the real estate and if you really look at their balance sheets
00:33:11.060 people are questioning you haven't marked to market that the stinking festering sore of biden bonds they
00:33:17.300 have today is if you do that which by the way you're absolutely correct aren't we then isn't that the
00:33:22.720 way you paper over a crisis for the beginning but you build up for a 2008 type meltdown sir
00:33:28.200 that that's exactly right you can get you can model through all this in the short run but you're
00:33:32.260 making bigger creating bigger problems down the road but the road keeps getting shorter we keep getting
00:33:36.080 closer uh to the crack up so yeah the thing with silicon valley bank and you're exactly right steve
00:33:40.780 they had to market to market if you want to buy a treasury note five-year treasury note and interest
00:33:45.880 rates go up the value of the note goes down you lose money on that well if you don't have to
00:33:50.620 account for that if you can just hold it at the old value you kind of paper over to cover it up
00:33:55.560 but if you do have to account for it uh then the loss shows up and your capital goes away that is
00:34:01.380 what happened to silicon valley bank they started to sell them the minute you sell some you got to
00:34:05.400 mark in the market and that's what took them down guess who does not mark to market the federal
00:34:10.100 reserve so they can pile these things up if they have to so the issue isn't really selling the
00:34:15.300 treasury bonds it's it's what happens to interest rates and what happens to the exchange rate the
00:34:19.980 foreign exchange rate uh and then people say well the dollar is stronger than ever well whenever
00:34:25.080 anyone says that to me i'll say well how do you know that what are you using to measure it usually
00:34:29.240 stops the conversation because they don't know what they're talking about but you know someone
00:34:32.900 more knowledgeable will say well you know the euro is going down which is true the yen is going down
00:34:37.100 which is true it's about the lowest since uh about 1990 um uh the chinese yuan is going down again
00:34:43.320 that's all true so if that's how you measure the dollar or use a basket the dollar is getting
00:34:48.620 stronger but all of those currencies the dollar the yen the yuan the euro all of them are going
00:34:54.360 down against gold gold is the only legitimate measuring stick because it's the only one that's
00:34:59.280 not a currency gold is a monetary asset it's a store of value it's everyone should have some in
00:35:05.500 my view in your portfolio but it's not you know you can't walk down and buy a cup of coffee with a gold
00:35:10.020 coin at least not very easily but but my point being it's the only measuring stick that's not
00:35:16.260 itself a paper currency and that means it's the most valid what's what's going on to all the
00:35:20.800 currency they're crashing they're collapsing gold is up uh from about 1850 uh 1800 uh yeah 1850
00:35:28.620 dollars an ounce to 2400 an ounce in less than three months that's a 30 percent increase in gold
00:35:34.900 everyone says gold's going up the way i think about it the dollar's crashing gold is just gold
00:35:39.840 it's atomic number 79 it's a metal just kind of sits there what's happening is the dollar is
00:35:44.400 crashing when you measure it against gold so that's the yardstick whether you buy gold or not whether
00:35:49.460 you like gold or not that's up to you but if you want to know how the dollar is doing compare it to
00:35:53.720 gold and you'll see that the dollar is crashing records you've got all now the imf everybody's
00:36:00.780 saying and they actually had reports out saying hey even the good numbers on gdp and these numbers
00:36:05.520 are all driven by this massive keynesian um the keynesian stimulus that biden these guys still do
00:36:12.140 on capitol hill we had good on yesterday they haven't even agreed to a top line number for the
00:36:17.460 budget year uh that we've got to finish by september 30th that top line but that top line is going to
00:36:22.660 have another trillion to two trillion dollar deficit in it how unsustainable is this i think people now
00:36:29.220 are starting to wake up that the war room and rickard's been talking about this for years but it's
00:36:33.520 catching a lot of people by surprise how unsustainable is the current trajectory we're on
00:36:39.340 well it is unsustainable but then the the question is how does it actually play out in terms of the
00:36:44.580 real economy what are the effects that we see uh the best way to measure is see if people throw
00:36:48.840 big numbers around and big numbers we have 37 trillion dollars in national debt by the way
00:36:54.160 a trillion is a thousand billions or 37 000 billions one way to think about it that's a big number uh
00:37:01.260 deficits are big exactly as you described they're getting well over two trillion per year they'll be
00:37:06.660 getting closer to three trillion so those are all big numbers but the best way to understand it is to
00:37:11.920 compare the amount of debt to the gdp gdp this is the size of the u.s economy so there's a ratio the
00:37:18.140 numerator is the amount of debt and the denominator is the gdp that number is about 132 the highest in u.s
00:37:27.360 history that's the number that should scare people uh by the way russia is about 17 percent
00:37:32.140 they're they have a very sound economy uh but yeah we're like over 130 percent so what's the effect of
00:37:38.280 that in the end you get hyperinflation but not right away what you get is slow growth just you end up like
00:37:44.800 japan japan has been in a 30 year depression people look at technical recessions but japan has had
00:37:51.080 nine technical recessions in the last 30 years but i think of it as just one long depression and
00:37:57.920 that's what the u.s is going into whatever happened to ronald reagan from 1983 1986 we had 16
00:38:04.140 percent real growth not inflation but real growth in three years today we can barely get to two and a
00:38:10.040 half percent people are applauding biden are you kidding that's ridiculous why aren't we growing at
00:38:14.420 three or four percent that's the effect of that much debt and so in the end it'll be a catastrophe
00:38:19.560 you're right but in the short line you can kind of keep going but there's a very large cost which
00:38:24.680 is growth doesn't keep up real wages do not keep up income distribution gets worse uh this is why
00:38:31.240 not just that in the middle class is practically gone you basically you've got a small elite of
00:38:35.460 super wealthy and a large uh i would say lower middle class to uh to impoverished class in this
00:38:40.660 country you're saying that the the best case we can look at right now is uh if it not fall into
00:38:48.800 the clip the best case is what we call the lost decades of japan you have many lost decades in
00:38:54.480 front of us do you believe that with the stagflation these lost decades do you think this is why young
00:38:59.340 people people under 35 are finally starting what i call the new russian serfs do you think that they're
00:39:05.520 awakening now that it's like 50 50 biden uh trump even given all the propaganda how they the education
00:39:13.500 system has twisted their their their ability to have critical thinking do you believe that the
00:39:18.380 serfs are starting to have an awakening that they understand the lived experience their own lives
00:39:23.280 they're going to have lost decades ahead of them sir yeah and if you're if you're you can be perfectly
00:39:29.380 bright well educated but if you're living in your parents basement uh you can't afford a down payment
00:39:34.020 on a house uh or if you can't afford the mortgage by the mortgage rates are almost back up to eight
00:39:39.400 percent they're over seven percent right now they come down a little bit a few months ago but they're
00:39:43.480 back up where they were uh and that's that's the biggest driver a buying house by the way it's not
00:39:48.220 so much the price of the house or the industry it's the monthly payment that's how people think about
00:39:52.680 what's my monthly payment well obviously when interest rates go up your monthly payment goes up
00:39:57.340 and that drives a lot of people out of the housing market so uh yeah they're they're uh then they know
00:40:02.860 from their own experience you know uh hiring is dried up now the unemployment rate is not skyrocketing
00:40:07.940 uh the layoffs are coming along but what has hit a wall is new hiring companies are not laying people
00:40:14.380 off but they stopped hiring so so if you're just getting out of college or you're you've been out
00:40:18.860 for years you're living in your parents home can't afford new house difficult to save and you can't get
00:40:24.700 a job and that's enough to make you look around and say maybe maybe there's somebody better than
00:40:28.200 biden out there uh jim how do people get to your thinking we're really proud to have you as a
00:40:35.220 contributor but we want to make sure people get access to your thinking strategic intelligence is
00:40:40.280 your is your opening newsletter there are other things too but i want to make sure people can go
00:40:44.660 and find out everything you're working on because i can tell from the audience chat and from
00:40:48.860 people talk to me after the show they love having you come on and give the big picture so where do they
00:40:53.600 go yeah thanks steve we have a landing page for the uh for the war room posse it's called
00:40:58.820 records war room.com records war room.com you can subscribe to strategic intelligence you also if
00:41:06.440 you do this is the only place you can get a free copy of currency wars that was my first book you
00:41:11.700 know when that book came out in 2011 steve one of the things i said is that we're not always in a
00:41:15.700 currency war but when we are it can go for 15 or 20 years well here we are you know 13 years later
00:41:21.780 we're still in the currency war washington post a big editorial yesterday yesterday saying you know
00:41:27.880 trump's trying to start a currency war i mean the the reasoning was very muddled but it's still a
00:41:32.500 timely topic so records war room.com uh jim thank you so much for coming on we now hear uh that they
00:41:41.240 may actually vote not until saturday night even sunday on these packages so we'd love to get on your
00:41:48.140 calendar maybe get you back early next week to talk about this uh firefight on capitol hill great
00:41:53.400 i want to thank you sir for joining us today thanks jim rickerts over strategic intelligence
00:41:59.220 make sure just go check it out rickerts that's where the nas war room.com all one word you get a
00:42:04.500 free currency war currency war was a big wake-up call for me it was uh and of course maybe we'll break
00:42:10.680 down uh in the afternoon show uh this uh piece in the washington post about currency wars harnwell is
00:42:18.900 going to join me at six i want to break down more in ukraine it'll be we'll have more updates on
00:42:23.160 what's happening with this bill also at six o'clock i'm going to get uh the concert sheriff mac is going
00:42:29.440 to join us they're out at their con their uh conference today the constitutional sheriffs of course
00:42:35.360 the guardian led with a article today in the guardian the left-wing guardian how the constitutional
00:42:40.480 sheriffs are the worst most unlawful people in the country i would beg to differ but we're going to
00:42:45.640 have the great sheriff mac uh come on here and uh and and talk about it this afternoon also there's
00:42:50.780 been a lot happening on transgenderism a lot of positive developments along with some negative but
00:42:56.220 a lot of positive developments and brandon showwater's going to be on uh to share that uh with
00:43:01.000 us too so we got a lot on a big pack day of action of uh things going on capitol hill of uh in in
00:43:08.020 commerce and in capital markets uh etc okay we're gonna come over take a short commercial break in a
00:43:14.020 second one thing i want to make sure we had josh pettit from the mckenzie institute on before our
00:43:20.680 masters uh you know always talk we always talk about dr mckenzie before the masters uh and josh made
00:43:26.480 a very good point he said hey steve you're always pitching warpath coffee the dark roast
00:43:30.980 it's actually the medium roast to have more uh more caffeine in it because of the way it's roasted
00:43:37.260 he's absolutely correct about that the medium roast are fantastic the mild roast are great the blends are
00:43:43.440 great tage gill said yesterday you don't even need cream and sugar uh if you have the milds because the
00:43:49.240 acid's been taken out uh mariners blends mine the dark roast go to warpath coffee warpath.coffee
00:43:55.660 slash war room make sure you get a 15 discount so always put that in also i want to thank all the
00:44:02.240 tremendous feedback we're getting on a sacred human health the grass fed beef livers remember the
00:44:09.300 greatest concentration of nutrients known to man or the animal kingdom the jolt of energy you'll get
00:44:15.500 don't take it from me look at all the endorsements on there on the site now that we are launching into
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00:46:05.460 972 patriot action action action action your host stephen k bannon
00:46:12.060 okay um i've moved hard and well to this evening we've also got the constitutional sheriffs this
00:46:20.760 evening there's all kind of things coming out now about how these bills are going to be bundled
00:46:24.160 uh we'll get more into that on the five o'clock show we need to know how we're gonna uh whether
00:46:29.600 we're gonna kill the whole rule how they're going to be bundled it's still i'm a little unclear about
00:46:33.540 this as soon as we get uh clearance or as soon as we get guidance of how this is actually going to be
00:46:38.660 done we'll get back to the ramparts um i can't describe enough the impact this audience has had
00:46:45.660 right people look to influence this audience people look to get to this audience this audience is a
00:46:50.600 powerful force because you're the single biggest backers on a daily basis of president trump
00:46:56.880 and people know that um and people also know that you do have your own independent mind look
00:47:03.400 president trump has uh given the support to johnson i fully understand that um given what's going on
00:47:10.020 uh we don't have to buy into that and we don't buy into that i think 99 of this audience doesn't and
00:47:16.820 all of us were prepared to have an open mind uh about a speaker johnson at the beginning
00:47:22.020 right at the beginning so uh he turned out not to be mega mike he is bought in and this is why i think
00:47:28.760 it's so important of what ross vote said this is a brexit like moment we cannot continue on we're we're
00:47:35.780 we're and you can't paper it over anymore there was one thing with president reagan of taking on
00:47:41.380 the soviet union and remember most of the people in this town jamie raskin's dad all that that were
00:47:48.500 president reagan's biggest enemies on taking down the soviet union are the are the are the people
00:47:55.580 that are the biggest about taking down putin what did jim rickard say and this is not coming from
00:48:01.420 steve bannon rickard says it's not the military it's not the oligarchs his biggest his biggest
00:48:06.060 connection is the orthodox church just saying just saying connect dots just saying so they understand
00:48:16.360 that we're not going to back down we're not going to back down it's not just through talk is through
00:48:21.840 actions action every day it's one of the reasons we're doing the force multiplies reason i got the
00:48:26.620 constitutional sheriffs on uh tonight uh it's the reason that we got we're going to do a two hour with
00:48:32.240 mike lindell tomorrow on the on the machines everything about the machines um because even if
00:48:38.180 you're not a machine person you think it was the mail-in ballots of which i do there's there's the
00:48:42.440 machines that got to go i mean i've been adamant about this i don't understand and i've talked to
00:48:46.800 the smartest guys in technology in the world and this is because of the work of daugherty and and
00:48:51.480 and lindell and these are the people mike lindell brought in and one of the reasons they're trying
00:48:55.180 to bankrupt him is when you see actually the processes and you see the technique sit there and
00:48:59.620 go hang over this thing is a hundred times more complicated it needs to be why are we built in this
00:49:05.180 complexity this should be the moral equivalent of the cash counting machines in vegas
00:49:09.960 right until completely not accurate this thing has got so many loose parts to it it's shocking
00:49:16.660 that's part of things you're going to walk through the more i think what mike lindell has done
00:49:19.780 in the effort to get to paper ballots game day voting all that which is still an aspirational
00:49:27.420 movement is i think to expose the american people something's not right here remember the american
00:49:33.420 people got tremendous common sense collectively tremendous common sense takes a while the reason
00:49:39.880 it takes a while to get to the right decision is normally information is withheld from them when
00:49:45.100 they get the full picture and they have that aha moment their awakening things happen that's what
00:49:52.180 you're seeing right now remember people was abandoned you're so destructive turns everything down i said
00:49:57.140 hey ecclesiastes there's a time and place for everything there's a season for everything now's the
00:50:04.820 season the fight now's the season we're not going to rebuild these institutions because they have not
00:50:10.380 been purged of their corruption it's one of the greatest benefits mike lindells had he's a great
00:50:17.140 entrepreneur he's put his company on the line his employees on the line his personal uh welfare on the
00:50:22.720 line his personal safety on the line hell they try to roll him up at hardy's that's the eli cranes and
00:50:28.760 the mike lindells is that this as you go back you study every revolutionary movement and the one you
00:50:33.100 should study the most is the american revolution because it is the most unique revolution in the
00:50:39.200 history of mankind it's what started us out to really build the new jerusalem was that revolutionary
00:50:46.100 generation of what came before him and what came after right before and right after the uniqueness of
00:50:51.120 the american revolution and people who could have benefited from being part of an empire this is the great
00:50:56.420 thing about the revolution they would have been the ones that benefited the most
00:51:00.160 they would have made bank said no we're not going to do that not going to in a place that has a
00:51:06.500 worthless landed aristocracy that calls the shots and gives monopolistic power grants crown
00:51:12.840 monopolistic power to people like the british east indica we're not going to do that
00:51:16.400 and they were a collection of smugglers and freebooters and lawyers and land speculators yes they were not
00:51:23.340 perfect individuals they were just as imperfect as donald trump's imperfect as all mankind's
00:51:28.900 mike lindell's imperfect steve bannon's imperfect i'm maybe most imperfect of all although lindell
00:51:34.120 maybe give me a run for my money mike lindell uh we're going to be with you tomorrow couldn't be
00:51:39.160 more honored uh you're going to be out there today at the constitutional sheriff's give us our audience
00:51:44.140 loves you knows you have it on the line but they love you most i think it's a coin flip they love you
00:51:49.620 most when you're fighting for free elections and platforms that are free or giving them deals
00:51:54.240 maybe i think it's because tomorrow i think it's both and i'm uh i'm actually in uh um on the east
00:52:03.820 coast and i got a whole team of people flying experts and lawyers flying out to vegas right now as
00:52:09.080 we leave i'm in a conference room here but i wanted to get out here and to get the war room posse the best
00:52:14.240 deals in history and exclusive free shipping so go to that website get my employees happy get the
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00:53:27.220 they're counting on the war room posse it's a win win win everybody we'll see you tomorrow and uh
00:53:33.920 on uh in las vegas two hours gonna be in vegas go to worm.org you still you can still uh sign up
00:53:42.380 charlie kirk is next posse after that miranda khan and uh and tara doll then you're back here in the
00:53:49.080 war room from five to seven it's gonna be wild i got the constitutional sheriffs with me a lot going
00:53:56.300 on capitol hill we will update you will update you canon abandon takes you out birchgold.com
00:54:02.900 slash band and go check it out they go at another all-time high go there see you back goodbye
00:54:08.020 i want to warn you of a huge change that could be coming to our money in our bank accounts first
00:54:14.860 think back to 9-11 shortly after the government pushed through the patriot act this gave the
00:54:19.540 government power to spy on innocent americans by monitoring our phone and email and tracking our
00:54:25.220 movement across the internet now jim rickards editor of the independent financial newsletter
00:54:30.640 strategic intelligence and new york times best-selling author is warning about a coming event
00:54:36.140 that could elevate this governmental surveillance to a terrifying new level in fact some of the guests
00:54:42.240 i've had on the war room believe that the government will soon expand their powers to track our every
00:54:47.560 move if we say the wrong things on social media donate to the wrong causes buy firearms or even vote
00:54:54.360 maga the government may be able to shut us out of our bank accounts i can't say for sure if this
00:55:00.720 will happen but it's an interesting and dire warning fortunately jim rickards an american patriot and
00:55:06.920 friend of mine has made it his mission to educate us on what he believes is coming and how to protect
00:55:12.600 yourself from the possibility of programmable money watch jim's warning video now before it's censored
00:55:20.720 like i've been in the past go to rickardswarroom.com that's rickardswarroom.com now to see the video
00:55:28.180 room at checkout to save 67 and do it again war room health all one word warroomhealth.com
00:55:35.140 go there today you need if you're going to be part of the posse you need a strong heart you need a lion's
00:55:41.260 heart how we're going to do that is with salty go there do it today check it out
00:55:46.240 do it all right
00:56:04.400 do it
00:56:05.300 do it