Bannon's War Room - Episode 3578： C-Suite Brief; Billions Sent To Supercharge Immigration

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

00:00:16.220 the people have had a belly full of it i know you don't like hearing that i know you try to

00:00:20.300 do everything the world to stop that but you're not going to stop it it's going to happen and

00:00:23.740 where do people like that go to share the big line mega media i wish in my soul i wish that any of

00:00:31.560 these people had a conscience ask yourself what is my task and what is my purpose if that answer

00:00:38.680 is to save my country this country will be saved war room here's your host stephen k band

00:00:47.140 it's wednesday 1 may in the year of our lord 2024 that is may day for the commies throughout the

00:00:54.900 world um and we've got a communist insurrection a marxist insurrection i don't like saying

00:01:00.220 communists for the simple reason is that they their economics was all wrong and that's why

00:01:04.820 their leaders are the wealthiest people in the world when you had Mao Zedong you've got uh you've

00:01:09.700 got the ccp in beijing these are enormously wealthy they don't believe in the economic precepts of

00:01:15.560 communism at all they believe in state capitalism of which they control in a dictatorial fashion

00:01:20.060 and make themselves uh and make themselves wealthy they do believe in the sociology what we call

00:01:25.180 marxism which is atheistic it's anti-traditional judeo-christian west it hates the traditional

00:01:31.260 family uh it is uh it is pure barbarism and that's what we're seeing here in the united states a neo-marxist

00:01:38.640 the worst of both worlds sharia supremacism which is not islam sharia supremacism

00:01:44.400 combined with neo-marxism and that's why you got to go clear out uh the faculties you got to clear

00:01:50.980 out the administrations you heard in the in the opening in the if the in the cold open you heard

00:01:55.140 the professor who are they blaming it on this is all maga maga's trying to have a police day in the

00:01:59.820 universities maga this is the maga republicans that's what they think so why should you go bail

00:02:05.320 them out you got to clear out the whole mess the whole rat's nest got to be cleared out got to be

00:02:09.160 cleared out all the progressive got to be purged forget tenure purge the universities this is exactly

00:02:18.480 how natalie winters said the other day she saw this in university of chicago this is how mao

00:02:23.320 exactly how mao started the cultural revolution at the universities

00:02:28.560 remember with these uh marxists neo-marxist and jihadists the issue is never the issue

00:02:38.840 the issue is always the revolution and that's what you're seeing today on the 30 front war we're

00:02:45.600 facing capitol hills going on fire is going to have a motion to vacate the speaker we're going to make a

00:02:50.360 quite compelling case why he must go because he's a democrat or maybe even worse a turncoat

00:02:55.700 traitorous republican so if you vote for him you own it uh but this 30 front war mike lindell joins us

00:03:03.220 from around the fronts the robin voss recall up in wisconsin our beloved president is going to be in

00:03:07.600 wisconsin today he's going to be in michigan real america's voice will be covering it we're going to

00:03:11.920 stream it on all of our platforms and have commentary now hopefully we'll all jump into the chat mike lindell

00:03:17.860 where are you sir

00:03:18.820 steve they love the water room here in wisconsin you guys love the water room right

00:03:34.820 mike s s and hold it s s a great patriot out there are we going to finally recall robin voss are we going

00:03:47.260 to get that done you guys think we're going to recall robin voss

00:03:51.660 that's sure that everybody i've talked to steve that's what they want here in wisconsin they want

00:04:01.840 to free up wisconsin they have free election fair and free election so uh and everybody's excited to

00:04:08.200 see our great real president today uh we've got um just great things going on everybody's optimistic

00:04:14.820 and uh one of the messages i'm going to give on stage today is we've got a perfect time in history

00:04:20.540 not just to get everybody to get out and vote but to flip democrats to republicans to this new mega

00:04:26.420 bucket because if you can't flip them now eyes are getting open the destruction of our country we get

00:04:32.300 one shot at this and we've got to get everybody to vote for our great real president not just all the

00:04:38.000 republicans and independents you should be able to win any argument now with your neighbors with your

00:04:42.980 relatives and say hey now do you see the light so we're very excited here in wisconsin

00:04:48.140 fantastic we expect a big turnout today yeah it's as long as far as i can see the people it just

00:04:58.000 doesn't end steve and i don't know how many the building holds but it's a very small building

00:05:01.920 so i'm spending about two hours outside before the rally and after the rally i'm going to spend the

00:05:08.120 rest of the day here we're going to um on your show later on today i want to still be out in this

00:05:13.280 park and i'm going to stay till the last person's gone so i want to talk to each and every one of

00:05:18.400 them get everybody involved in in uh securing our elections i know a lot of the stuff i have going on

00:05:24.780 you can find at lyndaleplan.com we're going county by county in this country and uh getting uh trying

00:05:31.140 to get to secure elections as we can get our platform so and i want to say steve if i can it's the

00:05:37.240 war room posse that's made this all possible where i could be away from my factory because they got

00:05:42.400 it to full capacity so once again if i can i'd like to gift them all they get a free my pillow

00:05:48.580 multi-pillow multi-use 2.0 it's absolutely free you can just pay shipping and handling to the war room

00:05:55.920 posse uh they can go to the website they can use that promo code y'all use promo code war room today right

00:06:02.280 they're all going to use promo code war room at the my pillow website today steve and

00:06:12.160 and get that free multi-use my pillow 2.0 i want everybody to try it uh give it a try and then uh

00:06:20.000 you get all the discounts you get there's your free my pillow 2.0 you get the towels you get all

00:06:26.000 the new towels are in too by the way uh they yesterday we put the our premium towels because

00:06:31.620 we ran out of our other towels so the six piece towels get them before they're gone they're going

00:06:36.580 fast now the war room posse got those put up yesterday exclusive to them yesterday uh slides

00:06:42.600 and sandals all these 25 sales everybody's excited everybody so you got promo code war room mike

00:06:49.760 mike mike mike tell tell the folks out there we have to win wisconsin for trump to win the

00:06:58.000 presidency do they know that do they know we must win wisconsin you guys you guys you guys know we

00:07:03.800 have to win wisconsin to get our real president

00:07:06.100 and we're gonna win wisconsin right

00:07:11.580 and we're gonna get we're gonna get you're gonna talk to your neighbors your friends your family and

00:07:17.520 get them to vote whether they're even if they're a democrat they should be voting for our real

00:07:21.360 president save our country we get one shot at this everybody and we're gonna win wisconsin

00:07:27.560 hey mike can they lead us before we leave you guys can they lead us in a chant of trump trump trump

00:07:41.180 mike lindell thank you very much we'll see you this afternoon brother we love him out in wisconsin

00:07:57.600 thank you sir fantastic you look at lower manhattan yesterday with the uh with the uh diverse group

00:08:07.580 of people supporting president trump you look at in wisconsin president trump i'm telling you two

00:08:12.960 thirds of this nation happens to be maga two thirds of this country is maga and they understand that

00:08:19.440 the power elite understands that that's why they always try to divide us it's always it's all they're

00:08:23.980 always trying to divide us it's incredible jim rickerts now joins us of strategic intelligence his

00:08:29.620 incredible newsletter jim we got currency wars we got so much going on but i i gotta start because

00:08:35.020 you're kind of the wise man of of the show uh what's happening in columbia we just found out now

00:08:40.780 that three and a half billion dollars tucked in at the last minute into the ukraine bill

00:08:44.920 was to go for exacerbating and accelerating mass migration from the middle east setting up offices

00:08:52.100 in qatar setting up offices i think in turkey and other places just your sense of where we are you've

00:08:57.380 seen what's happened in new york city you see what's happening in ucla give us your sense of where we are

00:09:01.640 right now well the uh the universities in you know columbia but you know just expanded to you

00:09:07.980 know the whole ivy league uh you know other top schools stanford mit etc they they are pretty far

00:09:14.120 gone uh and what i mean by that is uh you know in terms of you distinguished earlier between kind of

00:09:19.920 classic marxian communism or communism on the one hand and marxian theory on the other and in the 20th

00:09:26.560 century we had a number of uh neo-marxist theorists but i'm sure you're familiar with antonio gramsci

00:09:33.120 he was a um you know an italian he died at a fairly young age he was put in jail by mussolini but while

00:09:38.820 he was in jail he wrote the prison diaries it's over a thousand pages i have a copy of it uh kind

00:09:43.960 of right here at my desk and he was the inventor of the idea of the long march through the institutions

00:09:49.840 and you said that moussy tongue started the the red guards and the uh the cultural revolution

00:09:55.080 through the universities and he did but 50 years before that gramsci said there's not going to be

00:10:00.660 a bottom-up you know proletarian revolution against the bourgeoisie that was marxist theory

00:10:05.900 that he's completely discarded that he said what we're going to do we're not going to attack from

00:10:10.740 the outside we're going to attack from the inside we're going to get inside universities foundations

00:10:16.660 think tanks corporations we don't have to tear down the entities we just have to take them over

00:10:21.840 from the inside like termites you know if you want to use that that metaphor well it's been very very

00:10:26.600 successful now kind of combine that come forward to the 21st century with uh you know dei and uh

00:10:33.220 going back i i oppose affirmative action in the 1970s i said you know when you have affirmative action

00:10:39.340 you're really diminishing the really talented minorities they're really talented smart uh

00:10:46.220 you know african americans and hispanics but once you lower the standards you can't distinguish

00:10:52.560 someone has a degree you can't distinguish between you know talent on the one hand and affirmative action

00:10:57.720 on the other so it doesn't bring up the affirmative action candidates it actually drags down the real

00:11:02.560 talent and that of course that's been going on for a long time and now it's even worse

00:11:05.440 with um with dei but the theory was you know harvard has a great brand yale has a great brand columbia pen

00:11:12.320 you know i went to pan and so forth that they could take the brand wrap it around low talent

00:11:17.560 people and somehow they would become future leaders um instead the opposite has happened if you don't

00:11:24.180 have the talent you don't have the talent what they did they diluted their brands and now you're saying

00:11:29.740 you know family benefactors walking away you know robert craft of columbia said you know no no

00:11:34.360 moss i'm not going to give you any more money as long as this is going on so they're getting hit

00:11:38.580 at the benefactor level hopefully congress not this year but maybe next year will look at these

00:11:43.380 endowments you know 38 billion dollars at harvard that you can make uh you can easily make five or

00:11:49.080 six billion a year on that maybe more uh tax-free why do they have a tax i pay taxes you pay taxes

00:11:55.400 why are they tax-free etc uh and then the the parents and the students are saying why would i go there

00:12:01.480 you know you're just going to be indoctrinated if you're not already you're not going to get an

00:12:04.760 education they're looking at top flight um state universities you know you go around a place like

00:12:10.640 uh university of uh nebraska university of colorado etc these places have billion dollar research

00:12:17.240 budgets they're they're they're very good schools and there are a lot of them throughout the country

00:12:20.740 i just named a couple so so they've destroyed their brand they've destroyed their credibility

00:12:26.000 people are walking away benefactors are drying up but you still have that you know inside you've got

00:12:32.300 the exactly what you described which are neo-marxist ideologues the thing about ideologues

00:12:36.960 it's all about the ideology they're they're immune to reality they're immune to facts you can't have a

00:12:43.020 normal debate with them even if you have two sides on debate you can at least share facts and maybe find

00:12:48.140 some middle ground they can't do that because it's all about the ideology you know is of course the idea

00:12:53.940 uh first and foremost now and we're finding out that these demonstrations you know they're maybe

00:12:59.300 half students maybe not even uh they're outside agitators they're being paid for by ngos and you

00:13:06.100 know i won't blame soros well soros is a big factor but we're learning that the rockefell family were

00:13:11.560 behind it as well i thought uh alan dershowitz had a good idea last night he said you know the justice

00:13:17.400 department will not do its job the nypd you know for example they did their job last night but alvin

00:13:23.540 bragg is gonna let them all loose you know these people are basically they get booked once they get

00:13:28.180 booked they're under the jurisdiction of alvin bragg he's the manhattan da he's gonna let them all go

00:13:33.020 so you can't rely on that what you can do is sue them just you know class actions individual lawsuits

00:13:38.520 uh violations the civil rights act of 1964 uh you know etc and get discovery find out who's behind it

00:13:47.400 follow the money and get billions of dollars of damages that'll that's one way to push back

00:13:52.420 uh jim can you hang on for a second we got a lot of capital markets uh stuff to go through and uh

00:14:00.360 i want to keep you for a couple of segments also carrie lake is going to be joining us

00:14:04.040 we got a lot going on uh this afternoon we're gonna have eric prince boris epstein uh caroline

00:14:09.680 wren were jammed uh throughout the day we are not going to take our eye off the ball of this uh

00:14:14.680 of the motion to vacate and quite frankly this vast criminal conspiracy from the doj in the justice

00:14:21.680 department it's quite obvious from arizona to michigan to florida to jack smith in dc and then

00:14:29.880 alvin bragg and this team up in new york city the evidence is quite frankly overwhelming and action

00:14:35.840 has to be taken today and mike davis and uh chairman jordan his committee uh judiciary is working on it

00:14:42.580 stefanik at least stefanik just went on fox and called for all the students on visas to be deported

00:14:49.000 immediately so people are going on offense and we have to ask the question why is there not more

00:14:54.480 offense offense offense offense short break jim rickert's next

00:14:59.480 hey folks if you watch war room you know we talk every day about the geopolitical and other forces

00:15:06.340 driving the price of gold there are actually a couple of reasons this is happening let me walk

00:15:11.400 through the cost of goods continues to rise despite interest rate controls by the fed since january

00:15:18.160 2021 cost of living is up 18 percent the national debt continues to skyrocket now significantly north

00:15:27.220 of 34 trillion dollars causing many to worry when the house of cards will come crashing down and a

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00:16:43.300 here's your host stephen k bannon

00:16:47.660 okay we all gotta get focused in the morning the way i do it is of course warpath coffee go to

00:16:55.920 warpath.coffee here's what your assignment is today just go and dive into the reviews of folks just like

00:17:02.380 yourself your colleagues here in the war room posse warpath.coffee use uh the promo code war room

00:17:07.960 to get or ban on either one i think it's war room on this one to get your discount but read the reviews

00:17:13.160 you read the reviews you try it one time you'll never go back that'll be your coffee

00:17:17.200 guaranteed finest coffee ever roasted by the navy seals led by uh taj gill and his team over there

00:17:23.600 warpath warpath.coffee i came uh i i began to understand or came acquainted with the ideas of uh

00:17:31.160 of jim rickards years ago when a book called currency wars came out and i read it and although i had gone

00:17:37.160 to hbs uh they didn't really teach me this there and it was quite fascinating jim uh you're the author

00:17:43.340 of the book in fact if you go to rickards.com slash or rickards war room rickards with an ass

00:17:49.640 war room.com if you sign for strategic intelligence you get currency war for free and i recommend

00:17:55.400 everybody read this book now they got because it's they're looking at the polls trump's got momentum

00:18:01.380 the lawfare looks like it's not working we're building momentum you see this big crowd we just

00:18:06.160 had in wisconsin that great crowd we had yesterday in lower manhattan they're getting nervous and they're

00:18:11.140 starting to pick apart what they can tell could be his economic plan and there's a lot of

00:18:16.940 misunderstanding about it because people are not experts in currency and currency wars like you are

00:18:22.140 so walk me through the talking about his trade policies you know time magazine's got a cover

00:18:26.180 story i'm talking about his trade policies what he's going to do in cutting taxes the new the trump tax

00:18:30.920 cuts that revert what he's going to do about that what he's going to do about cutting federal spending

00:18:34.500 downsizing the government deconstructing the administrative state but they're sitting there going oh my god

00:18:39.480 oh my god trump's going to start a currency war going to destroy destroy the dollar as if they're

00:18:45.260 not uh you have a very different opinion of this can you take your time and walk us through it

00:18:49.620 sure um the the first thing steve is i've seen articles about trump's supposed currency war just in the

00:18:56.860 last uh couple weeks washington post politico wall street journal yahoo finance and a couple other

00:19:03.440 outlets when i see the same story coming from five places i know they're working behind the scenes i know

00:19:08.380 they sort of you know shared notes and said okay here's our theme of the week or theme of the day

00:19:12.780 whatever let's attack trump on the currency wars and they all said the same thing that trump is

00:19:16.800 working on a secret plan to to devalue the dollar cheapen the dollar um restart the currency wars and

00:19:24.220 then they'll tell you all the bad things about that and actually there are some bad things that

00:19:27.840 you can import inflation um it can invite retaliation i make the point in my book currency wars

00:19:33.880 and and elsewhere that um in a real currency war nobody wins everybody loses and you can explain

00:19:40.700 why so here they are saying trump's starting a currency war it's going to be bad you know etc etc

00:19:45.160 but the fact and we'll probably spend just one minute on what a currency war is basically the

00:19:49.840 idea is i'm going to cheapen my currency make it cheaper relative to the euro or the yen and that's

00:19:54.900 going to make my exports less expensive if i'm peru or you know argentine or any country and i'm out to

00:20:01.240 buy a passenger jet i basically have two choices i got boeing and airbus uh and so if i if the dollar

00:20:07.880 is cheaper the boeing might be a little cheaper for me in terms of my currency so i'll buy the boeing

00:20:14.040 airplane and we'll create export related jobs so that's the basic idea of a currency war of course

00:20:19.540 from there everything kind of falls down which is okay i do that but then you come back and you cheapen

00:20:25.700 your currency and then i shoot back and you shoot and we just we're in a race to the bottom and kind of

00:20:30.900 everyone is uh everyone's a lot worse off um i make the point that when you're in a currency war

00:20:35.800 they can last 15 or 20 years now people say there's a new currency war no this is the same currency

00:20:41.880 where they started in 2010 it was started by obama it was started by michael lipton who's one of his

00:20:47.460 economic advisors it was coming out of the 2008 2009 financial crisis the the global economy was

00:20:54.140 like flat on its back and what obama said basically is look we're the united states we're the biggest

00:20:59.180 economy if we go down we take all of you with us so you have to give us a break you have to let us

00:21:04.080 cheapen the dollar to get our economy going and that'll spread around the world august 2011 was

00:21:10.200 the all-time low for the dollar so it actually worked but then came all the all the pushback and

00:21:15.760 the euro in the in the coming years the following years rather went from a dollar 60 to a dollar five

00:21:21.240 they they crashed the euro so that's kind of why currency wars take a take a very bad turn

00:21:26.100 what trump is doing is actually brilliant trump's not trying to start a currency war trump's trying

00:21:33.660 to end a currency war he's trying to get back to some currency stability where we can all focus on

00:21:39.120 productivity and invention and uh you know building our economies on a real foundation instead of you

00:21:44.900 know kind of messing around with the exchange rates there's a model for this it was done by ronald

00:21:49.640 reagan and james baker who was secretary of treasury at the time um and i'll mention robert lightheiser who

00:21:55.840 was reagan's u.s trade advisor but lightheiser was also trump's u.s trade advisor for the whole term from

00:22:02.860 2017 to 2021 so lightheiser you know had a front row seat on this and he understands it perfectly

00:22:08.600 what what baker did what under under ronald reagan but what baker did in 1985 the dollar was extremely

00:22:15.180 strong you know we had 1982 was a disastrous recession but from there we got out of it

00:22:20.240 inflation came way down from uh 13 percent to uh three percent uh everybody the economy u.s economy

00:22:26.740 was booming everybody wanted to get dollars be in the united states for investment purposes etc so the

00:22:31.900 dollar actually hit an all-time high in 1985 so finally baker and reagan say it's too strong but

00:22:39.380 instead of doing a currency war why don't we have um an effective peace treaty why don't we get together

00:22:44.180 and baker convened a meeting at the plaza hotel in new york and it was uh west germany at the time

00:22:49.900 france uk uh u.s and italy and japan and they sat down and they said okay let's cheapen the dollar

00:22:58.320 but let's do it in a in a way that we all agree in an orderly way where everyone's cooperating and

00:23:04.480 then when we get it to a level we'll lock it in and just kind of go forward from there they did

00:23:09.220 and it worked and by 1987 everyone agreed okay the dollar is about where it should be

00:23:15.500 they had the louvre corps they went they went to paris to send anybody to canada uh and they did

00:23:20.420 this they said basically that was the end of it okay we have the parodies where we want the dollar

00:23:24.900 came down we wanted that but now we're at a good level let's lock it in and they did and we had 20

00:23:30.920 years of prosperity from 1980s what really started earlier but but after the louvre corps in 1987

00:23:36.440 until the financial crisis in 2008 nobody talked about currencies you know you're worried about

00:23:41.680 interest rates and other things but there was there was no currency war during that period so that was

00:23:46.260 that wasn't the start of a currency war it was the end of an old currency war and a period of currency

00:23:50.920 peace guess what that's what trump's doing and guess who his advisor is it's robert lighthizer now the

00:23:57.000 people of the washington post and the other outlets i mentioned they don't understand what we just

00:24:01.460 discussed with with the uh with the war room posse they don't understand that what trump's trying to do

00:24:06.040 is get to stability the washington post writer said you know donald trump is going to devalue the

00:24:11.360 dollar president can't do that not with a wave of a hand if you get if you get the the players together

00:24:16.840 you get put countries in the room and they agree on a path working together you can do it but the

00:24:22.680 president has no authority to devalue the dollar besides you can't do it anyway because we're not

00:24:26.360 on a gold standard i mean there's nothing to devalue against except you know like the euro but then as i

00:24:32.360 say it's a back and forth currency war so trump's got the right team he's got robert lighthizer who

00:24:37.000 was more better than anyone more brilliant than anyone on what we're talking about now the model

00:24:43.640 they're using is the ronald reagan james baker model from 1985 and 1987 uh which kind of went into the

00:24:50.360 early part of the hw bush administration it's the the plaza court and the louvre court it'll be agreed

00:24:56.200 and it'll be orderly it'll be good for the world it'll create jobs and create prosperity that's what

00:25:00.680 reagan did that's what james baker did and that's the model trump's uh following but but these

00:25:05.800 accusations that he's reckless are just not true yeah for these uh for the because we love to teach

00:25:13.320 um nomenclature the audience loves that just real quickly go back the plaza accords which are very

00:25:19.800 famous in monetary terms are kind of unknown to the to the basic voter just explain again what what were

00:25:26.360 the plaza accords and how did it end a long-term currency war between the great powers sure i mean

00:25:33.000 just to put in context the the gold standard ended 1971 so august 15 1971 richard nixon said no more

00:25:40.280 convertibility of u.s dollars into gold by our foreign trading partners i mean gold had been gold

00:25:45.480 was contraband from 1933 under fdr americans it was like drugs machine guns you couldn't own it

00:25:51.880 after 1933 but for foreign trading partners we were still on a gold standard until 1971 so from 71

00:25:59.800 to the early 80s that was a currency war um you know gold went up to 35 an ounce to 800 an ounce in

00:26:07.960 january 1980 that i don't think of that as gold going out i think of that as a 95 collapse of the dollar

00:26:14.440 oil prices were soaring it was chaos in more ways than one so when you got to 1985 which was the plaza

00:26:21.400 court that was just the plaza hotel that's where they met uh but it was they were the major economies

00:26:26.680 in the world i mean china wasn't really a player at all at the time uh but uh yeah but west germany

00:26:32.360 france uk and uh italy and japan and the u.s were and uh so there was no gold standard they couldn't

00:26:39.080 say well let's lock it into gold at a level there was no gold standard the fact we had floating rate

00:26:44.280 currencies one of milton friedman's worst ideas and we had chaos so what baker said is look let's agree

00:26:51.320 that among ourselves since we you know collectively control all the currencies let's agree on parodies

00:26:57.080 meaning levels and if we agree and we stick to it we can we can create currency stability even without

00:27:04.680 a gold standard just by working together so it was a you know maybe gold standard is better but this was

00:27:10.760 a cooperative arrangement plaza hotel baker um it's what tim geithner called convening power meaning

00:27:17.240 sometimes just being if you're the one who can get people in a room you have enormous power because

00:27:21.960 you can work things out and and come up with agreement they did but but what they what they

00:27:26.920 did and what reagan wanted he wanted the dollar to go down but he didn't want a currency word he

00:27:33.240 didn't want chaos he wanted it to be by agreement and orderly and so you had to have the second meeting

00:27:39.560 which was the louvre accord they met in in paris at the louvre and uh and basically said okay game

00:27:45.880 over we got where we wanted to be we did it the right way now let's lock it in and you and and steve

00:27:51.000 you had 20 years of of growth solid growth low inflation um job creation invention silicon valley

00:27:59.640 dot-com revolution everything that came along in the late 80s the 90s in the early 2000s was partly

00:28:06.280 the result of what baker uh did at the plaza court in the louvre court uh jim just hang on for a

00:28:13.160 second because i want to take a short break i know you gotta bounce but i've got a question about

00:28:16.840 the chinese communist party the ccp economy in china they seem to be hoarding gold and oil

00:28:23.400 are they preparing for devaluation jim records currency war go to uh records war room.com

00:28:31.320 sign up for strategic intelligence they throw in a volume a copy of currency war

00:28:36.680 for free short break carrie lake jim records next

00:28:45.240 most emergencies come without warning and when the next one comes you won't have time to pack

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00:29:55.240 best in the business talk to the consultants mypatriotsupply.com use your host stephen k bann

00:30:06.280 okay welcome back so jim there's you know all these articles came out you're absolutely correct this is

00:30:10.360 called signal not noise and this is why we love having the smartest people in the world on this show to

00:30:14.440 give access to our working class and middle class audience you're getting the c-suite brief when you

00:30:19.800 see a clutch of articles around trump's currency policies and they're in the wall street journal

00:30:25.560 in the washington post you got jeff stein over there you got all these guys talk to each other

00:30:29.800 something's up right but once these came out jim you and i talked about this uh i think it was

00:30:35.160 yesterday i'm seeing zero hedge in a bunch of places how china's so buying gold and oil and other

00:30:41.960 natural resources people think there's a stockpiling going on and is that in preparation

00:30:48.200 for china also entering into and maybe exacerbating a currency war we know that they're the leader of

00:30:54.200 the de-dollarization effort i mean your thoughts on that what what's the what how should we be smart

00:30:58.760 when we look at that uh well that that's exactly right the the gold uh story you go back to 2009

00:31:04.840 not not all that long ago china had about 600 metric tons today they have over 3 000 metric

00:31:12.440 tons that they admit the odds are very good that they have a lot more than that off the books they

00:31:17.160 have something called the state administration of foreign exchange which is not the central bank

00:31:21.960 the people's bank in china that's different so people's bank in china says yeah we got 3 000 tons

00:31:26.600 over in safe state administration of foreign exchange unknown but perhaps as many as much as

00:31:32.120 another two or three thousand tons so they're catching up to the us us is the leader we're at

00:31:37.160 eight thousand times although we've been stuck there since uh since 1980 um so they're definitely

00:31:42.840 by the way there's not going to be like a chinese gold-backed currency and forget that they they don't

00:31:47.160 have enough gold for that but just the idea is a way to preserve wealth as a way to avoid sanctions

00:31:52.920 as a way to avoid what's going on with russia where the u.s is preparing to steal the russian assets

00:31:58.040 because their digital treasury securities are actually pretty easy to steal if you want you

00:32:02.200 can't steal physical gold without you know invading the country and we're not going to do that so

00:32:05.960 that's one thing china's doing the oil same thing a golden oil are your are your two tangible

00:32:12.040 you know they're not digital you can't seize them you can't freeze them very easily unless you

00:32:15.560 want to be a pirate um but that's that's the other way to do it now what china is doing china has

00:32:20.440 a strategic oil strategic petroleum reserve the united states has a strategic petroleum reserve theirs is

00:32:27.160 about 400 million barrels ours is about 700 million barrels in in round numbers so our reserve is bigger

00:32:34.680 than their reserve but in each case if it's full it lets you go about six months without importing any

00:32:42.200 oil if you're if you're embargoed we close the straits of malacca somebody closes the straits of

00:32:47.240 humus you know china's cut off from oil with 400 million barrels they can last about six months our

00:32:53.080 economy is bigger so we need a bigger reserve but here's here's what's interesting no one knows the

00:32:58.040 exact amount in china but estimates are that that somewhere between 280 million and full and 400

00:33:04.760 million barrels and if it's less than 400 million they're very actively filling it up number one number

00:33:09.720 two they're getting the oil from russia you know europe made a big deal we're not going to buy any

00:33:13.720 more russian oil they still do by the way but we're gonna we're gonna strangle russia because they

00:33:17.640 can't export oil russia just said fine we'll ship it to china they're making just as much money uh

00:33:22.680 hasn't stopped and china has another source russia has just surpassed saudi arabia as the biggest

00:33:28.680 source of chinese oil saudi is still a big one but they're getting it from russia so they're helping

00:33:33.000 russia by paying hard currency for the oil but here's here's the thing to compare to the united states

00:33:39.400 the u.s strategic petroleum reserve holds 700 million barrels biden drained it he drained it in 2022

00:33:46.840 down to about 350 million barrels and you say well gee isn't it half full the answer is no just

00:33:52.360 because you know from an engineering point of view these are underground salt domes they have some

00:33:56.520 reinforcement but if you take it below a certain level they actually collapse so you can't you can't

00:34:02.520 drain it it's not like running on empty in your car you know you can't get it below maybe 250 million

00:34:08.200 barrels but we're we're very close to the lowest level it can be we know we're near the 700 million

00:34:15.160 barrels which it was not that long ago biden did this to lower the price of gasoline at the pump

00:34:21.080 during the 2022 midterm elections it's not the reason for it it's not it's not there to manipulate

00:34:27.320 prices it's there to protect the the united states of america in the event we're shut off from oil for

00:34:33.240 six months that's why it's there biden uses a campaign tactic to lower gas prices and president

00:34:40.360 trump knew that that's why he's never touched it jim uh this currency is fascinating particularly

00:34:44.840 president trump's plan records war room dot com is where you get access to strategic intelligence if

00:34:51.560 you sign up you get a free copy of currency wars everybody should read it jim thank you so much and

00:34:56.760 thank you for being such a contributor here the show people actually love your hits so really really

00:35:01.000 thank you for coming in today great thanks steve um president trump's economic plan they're trying

00:35:08.200 to pick it apart and not just pick it apart they're trying to stop him they're putting stuff in bills to

00:35:12.520 handcuff him on nato handcuff him on the sanctions as jim and i talked about last week all of it uh

00:35:19.240 carrie lake now joins us carrie another thing of this ukraine bill has not come to light

00:35:23.480 to reporting over at breitbart and miss uh mahoney uh at undercover dc and others going through this bill

00:35:30.920 that three and a half billion dollars went to uh to these to these offices overseas and

00:35:38.360 particularly in the middle east to exacerbate mass migration here in the united states you see what's

00:35:42.600 happening on the college campuses you've been all up and down the border that's one of your biggest

00:35:47.000 issues you see what the ngos are doing you see what the state department's doing in central america

00:35:52.760 uh what say you you're running for the senate and you're running against really the one of the most if

00:35:57.240 not the most radical guy in the house clearly the most radical person ever run for the senate when

00:36:03.160 it comes to open borders what say you ma'am well i mean i i guess i'm not shocked nothing shocks me

00:36:09.800 anymore steve and when i first was running for governor and doing all sorts of tours and seeing

00:36:16.120 all of the illegal activity at the border you know it dawned on me way back then a couple years ago that

00:36:21.400 the government was controlling this whole thing the us government was part and parcel to this problem at

00:36:27.480 the border then fast forward we find out joe biden is doing all of these uh you know secret uh plane

00:36:34.280 trips from other countries and making people skip right over the border and just flying them directly

00:36:38.360 into the us and now there's three and a half billion dollars to bring more people in illegally

00:36:44.920 this is out of control we are losing our country it's the end of western civilization if this doesn't

00:36:50.040 stop this is about changing the demographics permanently in america and really icing out lower

00:36:56.520 class citizens and middle class if there's anything left of the middle class that's who's going to

00:37:01.240 struggle the most with this as we watch 12 12 million 15 million people here illegally taking

00:37:08.520 the jobs taking the housing taking the services from the american citizen and this is why we're going

00:37:14.680 to see a huge red wave on november 5th to stop this nonsense they are in a complete panic they know

00:37:21.080 they can't win because their their policies are absolute destructive deadly policies and they're

00:37:26.920 going to have to ship a bunch of people in and try to get them to vote for the democrats

00:37:31.240 look the the the the replacement this replacement theory is not about any race this is the african

00:37:39.000 americans are getting crushed because they're bringing cheaper labor the hispanic citizens are

00:37:43.160 getting crushed because of this this is putting citizens last tell me about your opponent gallego

00:37:48.440 here's what's so shocking in a year where where immigration is like in in this invasion is the number

00:37:53.880 one issue and will not go away and president trump reiterated that today in one of his uh true social

00:37:59.000 posts you've got the most radical person running to represent arizona how does that work he is uh he

00:38:07.720 makes people like aoc actually he's more radical than aoc just put it that way he is more radical

00:38:13.560 than bernie sanders he is the most radical democrat in the house probably democrat most people haven't heard

00:38:19.800 of he was part of the progressive caucus and now that he's running for senate he's kind of backpedaling

00:38:24.760 away from that he called the border wall stupid dumb border wall said he would never ever ever

00:38:29.880 allow for it to be built this is a guy who hates the citizens of this country he hates us if he's not

00:38:36.120 willing to take border security seriously and now he's going to act like he cares about the border we've

00:38:41.880 seen his voting record he is 100 in lockstep with joe biden if you love joe biden if you love open

00:38:48.600 borders high crime an economy that's in the toilet uh world war three then you're really going to love

00:38:54.520 ruben gallego because he's joe biden but about 40 years younger so this is a dangerous guy we have to

00:39:00.280 get him out of dc send him packing and make sure we never allow him to hold public office because

00:39:06.600 he's a dangerous guy frankly dangerous and his voting record is 100 voting with the biden agenda which

00:39:14.040 has been destroying this country and will continue to do so you wouldn't know that from his ad campaign

00:39:21.160 i think it's one thing that's interesting is that he's bombarded arizona cable tv he's bombarded the

00:39:27.640 news shows he's bombarded the espn and and the golf channel he's had a huge buy yet his numbers have not

00:39:34.200 moved that's always that's always a bad sign but when you look at his ads you don't see any of that

00:39:39.560 his ads you think this guy's audie murphy yeah like a combat marine and a great guy family and a

00:39:47.240 family man well we know we know the truth about what kind of a guy he is walking out on his wife

00:39:53.800 his pregnant wife days before she gave birth to his first born walked out on her took off ran off with

00:39:59.640 the dc lobbyist and so he's trying to reinvent himself but he knows it's not working that's why

00:40:04.680 they're in a panic they're running hit pieces on me trying to take away from the fact that this

00:40:08.760 multi-million dollar ad buy trying to uh reinvent ruben gallego has not worked he hasn't he hasn't

00:40:16.600 bumped up in the polls he's taken a hit in the polls actually and it's not working he cannot you cannot

00:40:22.680 take someone like that and try to reinvent them into uh mr mr good guy when everything they've done

00:40:29.480 has been america last voting america last for the 10 years he's been in washington dc steve his district

00:40:36.600 has the fastest growing homeless population in the entire country which probably means in the

00:40:41.400 world if you think about it and that's what he wants that's his vision for the rest of this state

00:40:47.240 of arizona he's open borders he wants everyone who's coming in illegally to be given asylum and

00:40:54.120 the right to vote this will be the end of america and people are on to him his ads aren't working he can

00:41:00.600 carpet bomb the airwaves and try to make himself look like a moderate he is as radical as they come and

00:41:05.720 the people of arizona are waking up to the fact because the folks in arizona understand that they're

00:41:11.880 at the tip they're at the cutting edge of these global issues this mass migration this this invasion

00:41:17.640 on the southern border i mean they're bearing the brunt of it every day and these are hispanic citizens

00:41:22.040 i mean when you went to the border tell me that what are the constituents in arizona because he's

00:41:26.520 doing something to promote himself and kind of almost like a lifestyle right but not address the

00:41:31.320 issues but when you got to talk about the issues this guy is so radical what are the citizens in

00:41:36.120 arizona told you as you've gone around a visit about this topic of this illegal alien invasion

00:41:41.960 well you know it's not just affecting border communities it's affecting the whole state and

00:41:46.360 we know that now it's affecting all 50 states every state you've heard the phrase every state is a border

00:41:51.880 state and the fastest way to stop this is to immediately go back to the president trump policies which is

00:41:59.160 basically finish the border wall uh no more catch and release remain in mexico but we don't have a

00:42:04.600 president who will do that and the people are just fed up they're fit to be tied about this they're

00:42:09.080 watching as hundreds of people are released every day onto the streets of nogales of tucson a city that

00:42:15.320 used to be a great city tucson is now struggling with the street releases they've got a homeless crisis

00:42:21.000 down there and the economy is hitting the skid so badly that people who once had extra money

00:42:28.040 to occasionally go out to dinner and maybe uh enjoy an evening out are tightening things up and

00:42:33.720 saying we don't even have the ability to do that anymore it's only going to get worse until november

00:42:38.600 5th and the people recognize that it was ruben gallego and joe biden who created this mess in arizona

00:42:45.320 and they're not going to elect him for the u.s senate you know this is a guy as we're watching what's

00:42:49.640 happening on our college campuses steve we're watching as these uh these protesters who don't even

00:42:55.480 frankly know what they're protesting are uh wreaking havoc on college campuses all over the

00:43:00.600 country including here in arizona and our police are outnumbered and you got ruben gallego who

00:43:05.480 actually marched in these defund the police rallies this is a that this is disqualifying in my opinion

00:43:12.360 if you want to defund the police you need to go and step out of the race that is an absolute

00:43:18.200 disqualifier for u.s senate we need to support our police we need more police right now fully funded

00:43:24.040 police departments because things are very unsafe on the streets of phoenix tucson even smaller

00:43:30.440 communities are dealing with uh surging crime and the people are just fit to be tied they wish that

00:43:35.560 it was november 5th right now so they could vote these fools out of office and get somebody who's

00:43:41.880 competent like president trump and myself for u.s senate kerry can you hang on for a second i just want

00:43:48.120 to hold you through a short commercial break kerry lake is with us going to take a short commercial

00:43:52.520 break sacredhumanhealth.com go check out the uh the support we have from the audience now that we are

00:44:00.040 launching into the general election season patriot mobile wants to celebrate with a very special offer

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00:45:45.080 that's 972 patriot action action action action here's your host stephen k bannon

00:45:55.640 okay welcome back you just heard jim rickerts tell us that the chinese communist party had upped it and now

00:46:01.480 own a minimum of 3 000 metric tons of gold probably a lot more off the books and time the reason is

00:46:07.960 times of turbulence so the central banks of the bricks nation which are leading the de-dollarization effort

00:46:14.200 uh know something that maybe the federal reserve doesn't know because the federal reserve is doing two things

00:46:19.240 right now they're just printing money to paper over these massive deficits driving up inflation and of course they're

00:46:26.680 working on the central bank digital currency we we cover all of this in the end of the dollar empire

00:46:32.040 it's all yours for free the fifth installment the central bank digital currency the end of economic

00:46:36.840 freedom and security is up now get that but we've got uh we've got four other installments including

00:46:42.040 the fourth installment is what jim rick has talked about about going off the gold standard in 1971

00:46:48.840 president nixon and his team of internationalists i might add that threw us into what 15 or 16 years of

00:46:54.840 currency chaos before president reagan uh was able to sort things out so make sure you go check it all

00:47:00.360 out today it's totally free it gets you up to speed get you a better understanding of hedges

00:47:05.480 against times of turbulence which presses precious metals have been for like 8 000 years

00:47:10.200 man's history birchgold.com slash uh uh bannon make sure you go check it out today all free uh

00:47:16.520 kerry lake the um you see the chaos in the in the in the book chaos and angry that that that

00:47:23.160 that biden are driving every day they can't the polling is just insane you know with cnn the cross

00:47:30.280 tabs i tell people you look at these cross tabs the coalition they had is collapsing young people

00:47:34.600 running away african americans running away hispanics running away asian americans demographics all

00:47:40.440 abandoning because the lived experience of people but that doesn't mean they don't they're not they

00:47:46.040 don't have things that they're going to do two things they're going to do number one is lawfare you

00:47:49.640 see this in the vast criminal conspiracy uh against president trump and this is one of my biggest

00:47:54.280 bones to pick a speaker johnson he fully funded the doj and the fbi and he knew what was going

00:48:00.200 on the 300 page report was already either finished or nearly finished what stefanik was working on was

00:48:06.040 finished what what julie kelly's been bringing up about the the entrapment on the classified all up

00:48:12.200 but it doesn't mean they're going to stop there and quite frankly source is doubling and tripling

00:48:16.840 down and you can see that more than anything in arizona where a phony ag that's up by 208 points

00:48:22.840 and won't count 9 000 ballots that would put uh abe hamaday as attorney general indict 17 people source

00:48:29.640 is coming for trump for you for everybody with all his resources ma'am oh it's all over i mean look at

00:48:37.480 the migration problem we know soros is behind some of that we see the campus uh rioting that's going on

00:48:43.240 we find out soros is behind that we find out the soros connection to places like protect democracy

00:48:49.160 project that is that uh group of that liberal group of attorneys that are closely associated with

00:48:56.280 uh not just linked to obama and soros that are going after people like rudy giuliani the gateway

00:49:02.040 pundit they're going after me in my case i call it a censorship case the one that steven richard filed

00:49:08.920 and they're going after president trump we've got soros and his tentacles are all over the media

00:49:14.840 we know how media matters sets the agenda for the liberal media um to go after certain individuals and

00:49:21.240 we're seeing it it's going to continue to happen steve we know the next six seven months are going to

00:49:26.280 be the most intense in the history of this country and we got to buckle up because they're going to go

00:49:31.640 after everyone you know president trump took the hits for so long an eight-year smear campaign anybody

00:49:37.960 they are attacking in the media is the people you should be supporting i've always said that and

00:49:42.600 i mean it now more than ever they're going after the fighters in our movement they're trying to tear

00:49:47.240 apart maga get each of us shooting at each other and we're just not going to let it happen this is

00:49:53.240 that moment this is the the final moments of this kind of war that we're actually in and we have to

00:49:59.880 take it to november 5th and take back this country and they want us aiming at each other shooting

00:50:05.640 at each other firing at each other and we're not going to do that we're not going to let this soros

00:50:10.280 machine tear maga apart this is an america first movement we will take our country back and if we

00:50:16.520 can stay connected and coalesced in the next six seven months and go into november 5th with a very

00:50:23.400 strong america first party we will indeed take this country back and our finest days are ahead of us

00:50:29.000 if you uh if you uh look at the math and you hold this you hold the seats we have then montana and

00:50:37.960 arizona would give us the senate right now john tester is basically taking biden and just thrown

00:50:42.680 it overboard because he understands that montana he's got no shot by standing by that agenda he's

00:50:47.960 literally thrown it overboard and trying to trying to like crazy uh denounce biden and try to try to run

00:50:54.280 as a moderate in arizona it's even it's this is probably the biggest contrast in the country

00:51:00.040 there is no more radical in the house in a radical house than ruben gallego and now ruben gallego would

00:51:06.840 be the most radical senator i think the united states senate ever had and that versus kerry lake

00:51:11.880 and to me that every day the compare and contrast kerry is that he can't as much as he wants to do these

00:51:17.000 things that he's a combat marine and he's a loving father and all this stuff about his mom he never

00:51:22.440 talks about the issues he never talks about his track record he never meant he never brings that

00:51:26.520 up and people ought to really start to focus on that kerry what's he going to say that he wanted

00:51:31.720 to uh anybody you know some of his record is anybody who didn't get the covid shot he wanted them to pay

00:51:37.560 50 more for their medical insurance premiums he is the one who supported uh legislation that would

00:51:46.120 actually tack on an additional dollar to our gas prices can you imagine somebody would do that

00:51:52.280 and he wanted to support states to get rid of gas powered vehicles these are just crazy issues he

00:51:57.960 cares more about climate change and then than the economy he cares more about climate change than our

00:52:05.000 border he cares more about um you know just the most radical of all agendas than the things that are

00:52:11.080 affecting everyday arizonans people cannot afford to put food on the table right now and this guy has been

00:52:17.880 part and parcel to that he's voted for policies that have tanked our economy he's with joe biden

00:52:23.480 a hundred percent of the time the more frightening thing is he really is a mini me joe biden he's 40

00:52:28.440 years younger so that means if we don't get this guy out of washington dc he's going to have a 40 year reign

00:52:33.480 of terror i i think he's far more radical than joe biden but uh reasonable people can disagree

00:52:39.800 kerry where do people go to find out about your campaign and social media they go to kerrylake.com

00:52:45.400 kerrylake.com find out where i stand on the issues sign up to volunteer make a donation if you can i

00:52:51.560 know we're living in joe biden's world it's not easy in his economy um you know we've got to stick

00:52:56.280 together this is going to be an intense six months and we have to make sure we go out and get 10 friends

00:53:01.320 registered to vote and make sure they vote it's going to be the most important election in the history

00:53:07.160 of this great republic kerry lake thank you for coming on kerry lake versus ruben gallego

00:53:15.080 of course of course media matters madeline peltz our marketing director over there at media matters

00:53:19.560 don't let kerry be picking on you okay we still depend upon you pushing the program charlie kirk

00:53:25.400 next jack basobik we're back at five grass-fed beef liver you need an energy jolt you will get it

00:53:33.160 don't believe me check it out go to sacred human health dot com and check it out now of what your

00:53:39.640 compatriots are saying we're back here at five o'clock and we will be on fire in the war room

00:53:49.160 i want to warn you of a huge change that could be coming to our money in our bank accounts first

00:53:54.920 think back to 9 11 shortly after the government pushed through the patriot act this gave the

00:53:59.480 government power to spy on innocent americans by monitoring our phone and email and tracking our

00:54:05.240 movement across the internet now jim rickards editor of the independent financial newsletter strategic

00:54:11.400 intelligence and new york times best-selling author is warning about a coming event that could elevate

00:54:17.320 this governmental surveillance to a terrifying new level in fact some of the guests i've had on

00:54:22.680 the war room believe that the government will soon expand their powers to track our every move if we

00:54:28.520 say the wrong things on social media donate to the wrong causes buy firearms or even vote maga the

00:54:35.320 government may be able to shut us out of our bank accounts i can't say for sure if this will happen

00:54:41.720 but it's an interesting and dire warning fortunately jim rickards an american patriot and friend of mine has

00:54:47.720 made it his mission to educate us on what he believes is coming and how to protect yourself from the

00:54:53.800 possibility of programmable money watch jim's warning video now before it's censored like i've been in

00:55:01.720 the past go to rickardswarroom.com that's rickardswarroom.com now to see the video go there today you need if

00:55:11.720 you're going to be part of the posse you need a strong heart you need a lion's heart how we're going to

00:55:16.520 do that is with salty go there do it today check it out

Bannon's War Room - May 01, 2024

Episode 3578： C-Suite Brief; Billions Sent To Supercharge Immigration

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