Bannon's War Room - Episode 3731： Death And Fear At Our Southern Border

00:00:00.000 From the southern border, a Department of Homeland Security official tells NBC News

00:00:03.880 migrant crossings have dropped to their lowest monthly numbers since President Biden took

00:00:09.120 office. The DHS official says last month, 84,000 migrants were apprehended at the southern border.

00:00:15.920 That is the same month the Biden administration announced new asylum restrictions. This is the

00:00:21.060 fourth consecutive month of declines. It's also a 16 percent drop from June of last year. 16 percent

00:00:27.580 drop from last year, because my question would have been, isn't this kind of the slower time of

00:00:31.520 the year when it gets so hot that it becomes physically dangerous in a in a heat way to make

00:00:38.700 this journey? But when you're looking at the numbers this year to last year, this does suggest

00:00:42.900 something regarding Biden's moves at the border is working. Yeah, and I also have to point out,

00:00:50.880 Katie, that, yes, they do start to slow down because of the heat. But last June was significantly

00:00:55.620 lower than May because of a new policy that had just gone into place at the border. When Title 42

00:01:00.740 ended in the end of May of last year and those new asylum policies went into effect, we saw a steep

00:01:06.680 decline then. Now it's fallen even further. This is now the lowest it has been since January 2021,

00:01:13.340 the month that Biden took office. So we're going to hear a lot of victory laps, a lot of people in

00:01:18.940 the Biden administration saying, look, this is because even without Congress, the Biden administration

00:01:23.940 was able to put in new policies that raise the bar on asylum for people who cross the border

00:01:29.140 illegally. Those are people who are not coming through ports of entry, people who aren't making 0.99

00:01:33.060 appointments through the app. That means that they think that this is working. I will say, however,

00:01:38.240 there's some other factors. You point out the heat. We also understand there's been a lot of rain and

00:01:42.940 the Darien Gap leading from Colombia into Panama that has made some people unable to make that journey.

00:01:48.640 It's so muddy and treacherous inside that dense, dense forest. And also, as we've reported here,

00:01:54.800 even before that policy went into place, Mexico has begun tripling the interdictions of U.S.-bound

00:02:01.780 migrants coming through Mexico. And that's because of increased cooperation between the U.S. and Mexico

00:02:06.760 over the issue of immigration. Also things like fentanyl, arms trafficking and other things both

00:02:11.760 countries care about. But all of that is contributing to this lower number. We also have to see if perhaps as

00:02:17.800 the weather cools down, if those numbers come back up, some might say it's too early to really say

00:02:23.240 whether or not this new policy is 100 percent effective.

00:02:29.100 This is the primal scream of a dying regime.

00:02:34.020 Pray for our enemies, because we're going medieval on these people.

00:02:39.280 I got a free shot at all these networks lying about the people. The people have had a belly full of it.

00:02:45.040 I know you don't like hearing that. I know you've tried to do everything in the world to stop that,

00:02:48.660 but you're not going to stop it. It's going to happen.

00:02:50.880 And where do people like that go to share the big line?

00:02:54.260 MAGA media. I wish in my soul, I wish that any of these people had a conscience.

00:03:01.000 Ask yourself, what is my task and what is my purpose?

00:03:04.820 If that answer is to save my country, this country will be saved.

00:03:10.380 Save War Room. Here's your host, Stephen K. Bannon.

00:03:21.300 Dave Bratt in the War Room, sitting in with Stephen K. Bannon this day before the 4th of July,

00:03:30.040 year of our Lord, 2024. In honor of Stephen K. Bannon, I said I'm going to start every show

00:03:34.820 in the name of the Father, the Son, and the Holy Spirit. Steve has behind him the sign of the cross.

00:03:40.400 So it's an honor to sit in. We had a great day yesterday and the day prior on the War Room

00:03:45.740 with the posse, breaking huge news, a lot of politics in play. We're going to get to a ton

00:03:51.700 of stories today. We're going to cover a lot of geopolitics, a little bit of finance and economics

00:03:57.300 at the end. But first of all, we're going to go to one of the heaviest hitters on Capitol Hill when

00:04:03.080 it comes to immigration, Rosemary Jenks, who is now at the Immigration Accountability Project. So

00:04:10.500 if you want to go check them out now while we're talking online, iaproject.org. And Rosemary,

00:04:19.000 why don't you just start off, tell us about what your project is. I think the accountability

00:04:22.500 piece is what's been missing. And so welcome to the War Room and thanks for coming on.

00:04:28.460 Thanks, Dave. It's always great to be on the War Room. And all of us at IAP are praying for Steve

00:04:33.320 while we continue this fight for our country. And the fight for our country depends on holding people 1.00

00:04:39.460 accountable. We have to hold politicians accountable, whether that's the Biden administration,

00:04:46.100 DHS Secretary Mayorkas, who's already been impeached, all members of Congress. They all need to be

00:04:51.800 held accountable for their actions on immigration. And we intend to do that and hope that the posse will

00:04:57.860 support us. Great. Rosemary, let's start off at the highest level, the most simple.

00:05:04.300 We had Chevron pass this week. We're not going to unpack that. We've had legal experts cover all that.

00:05:10.820 But let's just go over the basic, most simple question about illegal immigration. Just because

00:05:17.080 the president does an executive order, does that change the status? Are the folks coming across the

00:05:22.820 border? What is the number now? It's somewhere between 15 and 20 million, my latest count I've read.

00:05:29.480 How many people are coming across and are they legal or are they illegal and why?

00:05:34.240 They are illegal. They're coming in basically two ways. Some of them are just coming illegally across 0.99

00:05:41.540 the border as entry without inspection, being apprehended. And many of them are still being

00:05:47.020 released into the United States, which is a violation of the law. There's also what is called

00:05:52.920 parole, which is actually an abuse of the law. So they are not actually legal because it's purely an

00:06:01.220 abuse of the law. Parole is not allowed on a categorical basis. But impeached Secretary Mayorkas

00:06:07.320 is applying it in a categorical basis by nationality and by allowing people to fill out the CBP1 app and

00:06:16.040 make an appointment at a port of entry. So essentially, he's diverting illegal border crossings between the

00:06:22.940 ports of entry to the ports of entry and then letting those people come in and get a work permit

00:06:28.040 and stay in the United States under sort of color of law. So quasi legally. But yes, I mean, this is

00:06:35.620 illegal immigration. And, you know, one of the things that's really important to point out is

00:06:40.240 the apprehension numbers have actually dropped in May. And the bulk of the reason for that is that

00:06:48.660 Mexico has actually been doing a better job securing its northern border than we have been doing securing

00:06:55.660 our southern border. So remember, Mexico has a very significant interest in what happens in this

00:07:03.340 country in November. So they have a strong incentive to cooperate with the Biden administration and make

00:07:10.980 sure that those numbers come down so that the Biden administration can claim victory. But the fact is

00:07:16.600 that that those illegal aliens, a large number of them are being diverted to the ports of entry

00:07:21.980 so that the Biden administration can pretend that they're coming in legally rather than illegally,

00:07:28.000 which they are not. So the House Judiciary Committee actually just today released a report

00:07:34.100 that says that the Biden administration has released 5.3 million illegal aliens into the United States.

00:07:43.400 Now, remember, the number of encounters is much larger because some of them actually are turned away,

00:07:48.780 thankfully. But so 5.3 million released into the United States, plus another 1.9 million known

00:07:57.640 gotaways. So those are the people who Border Patrol has found their their footprints or they've been seen

00:08:04.940 on cameras or sensors or whatever, but they have not been caught. So that's, you know, over 7 million

00:08:11.260 illegal aliens that this administration is responsible for putting into the United States. 0.88

00:08:16.740 That doesn't count the known, the unknown gotaways, which, you know, who knows how many of those

00:08:23.660 there are. And it also doesn't count the number that he is unlawfully paroling in through the ports

00:08:29.980 of entry and through the airports. For that matter, he's letting inadmissible aliens fly directly into the

00:08:36.540 United States and handing them parole and a work permit, which is completely unheard of and nowhere in the

00:08:42.700 statute. Great. If you were advising the president of the United States, say the incoming, say President

00:08:51.000 Trump wins, all political views are just my own. What would you tell them are the two most egregious

00:08:58.360 policy problems from the past administration that need to be corrected? And then what would you tell

00:09:04.420 them are the two most egregious harms that have been inflicted upon the American people because of

00:09:10.780 immigration? So an incoming President Trump would actually know exactly what to do in this

00:09:16.500 situation. He would end the parole programs, just end them completely, terminate them. And he would

00:09:22.020 reinstitute Remain in Mexico, which essentially ends the catch and release policy. So those two things

00:09:28.840 are absolutely critical. You have to stop catch and release because that, you know, they're coming here

00:09:35.680 to get work authorization so they can send money home. So if you prevent them from getting in,

00:09:41.920 prevent them from getting a work permit, then you're disincentivizing them coming in the first place.

00:09:47.320 So those are critical. The Congressional Budget Office just, I think, last week came out with a report

00:09:53.320 that it is going to cost U.S. taxpayers $7 billion to make DACA recipients, you know, the Obama amnesty

00:10:03.060 recipients eligible for Obamacare. That's only 530-some thousand people. So just imagine what the

00:10:12.120 cost is for education, welfare, medical care, transportation, criminal justice, all of that

00:10:19.040 for the illegal aliens that the Biden administration has released into the United States. You know,

00:10:25.100 530,000 DACA recipients versus at least 7 million released into the United States, plus the ones who

00:10:34.160 were already here before the Biden administration took office. Those are the amount of money we are

00:10:40.060 paying hundreds of billions of dollars to pay for these illegal aliens who have no business being in 1.00

00:10:47.680 our country. So that is the biggest harm that's been inflicted on the American people. And then,

00:10:54.700 of course, we have Americans being murdered, raped, robbed, and, you know, otherwise victimized

00:11:01.420 every single day by these illegal aliens. We have new gangs being established in the United States. 0.99

00:11:08.660 It is obscene, the criminal activity that we are seeing, that is completely preventable,

00:11:15.500 had we not let these people into our nation. Great. And in the debate, when asked about illegal 1.00

00:11:24.340 immigration, President Biden went to the effect on the economy, implicitly trying to state that,

00:11:33.100 you know, this cheap labor is good for the economy. President Trump had a different tack.

00:11:38.220 And President Trump was also asked to weigh in on the fentanyl problem. What is the total impact of

00:11:47.780 fentanyl? And then coupled with the fentanyl problem, the Chinese are basically doing a mini 1.00

00:11:54.360 Belt and Road down in Latin America, South America. And I think there's even breaking news today. Can you

00:12:00.680 fill us in on this fentanyl? It's not just a casual drug coming across, et cetera. What is the damage

00:12:08.780 of fentanyl, the network, and then some of the breaking news today?

00:12:14.560 Well, so, I mean, the Mexican drug cartels are importing the supplies to make the fentanyl from

00:12:21.820 China. And China is willingly sending them over. And then the fentanyl is being made and shipped into

00:12:28.440 the United States. And obviously killing massive numbers of Americans across the country in every

00:12:35.440 community. And we've seen, you know, accidental deaths, intentional deaths. Yeah, it's just the

00:12:43.360 in the tens, tens of thousands to be conservative in the tens of thousands to be conservative.

00:12:49.120 Thousands. Yeah. Yes. Yeah. Right. And and the the cartels and the CCP obviously are making

00:12:56.960 huge amounts of money on this. But what's interesting is that they're actually shifting

00:13:02.340 their focus, the cartels, to human smuggling as opposed to drug smuggling, because it's so much

00:13:08.500 more profitable under the Biden administration. So, you know, they can easily get the drugs across.

00:13:14.260 It's the human beings who are willing to pay the high values, like criminal people with criminal

00:13:20.240 backgrounds, terrorists, people on the on the terrorist watch list. Those people are willing to pay the

00:13:25.760 cartels big money to ensure that they get across. So the cartels use diversion tactics by sending large

00:13:32.980 groups of, you know, family members and children and so on in across the border in one spot to draw

00:13:39.300 the attention of the Border Patrol so that those Border Patrol agents will call in others and they'll

00:13:44.580 they'll bring a bunch of agents in from surrounding areas to process those illegal aliens while the

00:13:51.460 cartels are bringing the high value targets across, you know, a mile down the road.

00:13:56.680 So, I mean, this is right. It is. Right.

00:14:00.680 Tearing American families apart. The human toll here is beyond comprehension.

00:14:05.320 Rosemary Jenks, you got about 30 seconds. Immigration Accountability Project, IAProject.org.

00:14:12.400 How do people reach you? What should they do? You got about 30 seconds to fire.

00:14:16.560 We are going to. The whole time this border crisis has been happening, the House of Representatives,

00:14:23.860 the Republican House of Representatives just voted to fund by President Biden's latest amnesty

00:14:30.220 program. So we have a lot of people to hold accountable and we are going to do that.

00:14:34.780 As Dave said, our website is IAProject.org. You can reach all of our social media through that

00:14:41.340 website. You can donate through that website and we will provide you all the information you need

00:14:48.280 about what is happening in the immigration issue. Rosemary Jenks. Rosemary Jenks, an American hero,

00:14:54.320 patriot fighting for you. Thank you, Rosemary, for being on the war room.

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00:16:27.740 Dave Bratt with Stephen K. Bannon, year of our Lord, 2024. Today, we're going to connect a lot of dots.

00:16:36.000 We just had immigration with the great Rosemary Jenks, the Dorian Gap, Central and South America. Now we're 0.69

00:16:44.180 going to Colonel Retired Mills, John Mills, Colonel Retired. And he's going to give us a whirlwind

00:16:52.620 liberal arts tour through the world, all the hot spots. This is something in the Stephen K.

00:16:58.740 Bannon wheelhouse, connecting the dots, connecting the dots across the globe, connecting them to world

00:17:04.260 news and eventually to how they will affect you. And so, John, thanks for being on with us. Can you

00:17:09.940 please just lead us around through the hot spots today that we face? And then we'll get into why

00:17:17.080 they matter to us in the second round? Yeah, absolutely. Thank you, Dave. Dave, we're a world

00:17:25.100 in conflict. I mean, there are 14 at least regional conflicts going on that are hot right now. They're

00:17:33.760 raging combat or they are smoldering and can burst into flames in a moment. And it's all related to

00:17:41.380 China and China's effort to take down America. Everybody works for China right now in the world. 0.98

00:17:47.400 Every one of these regional conflicts, you can trace it back to China. So let's go through the

00:17:53.480 maps real quick here. First of all, obviously, we're so Ukraine, we're aware of that. But again,

00:18:00.360 Russia is a colony of China. This is really about this is Russia's contribution. Now, at this point 0.95

00:18:07.420 in time, essentially, the ground war is a standstill, but we're giving long range weapons and we're giving

00:18:14.340 permission to fire over the border. A map was just released publicly in the last few days by the

00:18:19.780 Biden administration. We are playing with fire. This is extremely provocative. And two can play

00:18:25.920 this game. So Jake Sullivan may think, aha, this is really clever and fun. Sooner or later, Putin is

00:18:33.740 going to take a shot. And we're going to, where did that come from? Well, two can play this game. And

00:18:38.160 this is extremely escalatory and provocative. But we also have other things. What's Russia's likely next 0.70

00:18:45.460 move? Well, I mean, I think one of the ways is pushing from Belarus and the land bridge right across 1.00

00:18:50.600 to sovereign, Russian sovereign territory in Kaliningrad, which cuts off Poland, covers, covers

00:18:57.080 Poland, some of Poland, also the Baltic states of Lithuania and Latvia and Estonia. So that's likely in

00:19:05.040 many ways the next move. Down here now in the Middle East, kind of a different area. But again, part of the

00:19:12.820 regional conflicts, this is all China. Iran is the major colony for China waging the war. So you had

00:19:19.680 October 7th by Hamas, pre-planned, no question about it, years in the planning. Iran worked very 1.00

00:19:29.360 closely. And Iran has a huge footprint of China. So Iran is a colony of China. So October 7th,

00:19:38.960 Netanyahu has not yet finished off Hamas. They also started, well, in April, we had the huge volley 0.92

00:19:45.900 of missiles back and forth to try and take out Israel that didn't work out very well. And for Iran,

00:19:53.980 but then you also down here, you have the Bab al-Mandab, one of the most important choke points

00:19:59.420 in the world. All of that, the Houthis, that's all, those are, they are agents of Iran. Iran is a 1.00

00:20:05.860 colony of China, and they're attempting to choke off world shipping. What does this have to do with us? 0.85

00:20:11.380 Maybe not a whole lot. We don't get a whole lot. But when world supply chains are pinched,

00:20:16.660 guess what? The world starts getting into our supply chains. But right now, the real action

00:20:22.360 is Hezbollah in the north. That's going to be a much more violent battle for Israel. But this is

00:20:30.560 all Iran. Hezbollah absolutely works for Iran. So Hezbollah, Hamas, the Houthis, every one of those 0.82

00:20:38.160 works for Iran. Excellent. So let's go a little closer here. But in the Americas, this is very

00:20:45.520 important. The war is coming closer to America. We got regional hotspots right here. So the Wall Street

00:20:51.280 Journal just came out with their map of the, the maps of the Chinese spy bases, which were much

00:20:56.660 bigger. We covered this. I was, I happened to be down in Key West July of last year, and we covered

00:21:02.200 this. And everybody was shocked. Oh my, the Chinese are in, in Cuba. And Jake Sullivan goes, oh yeah,

00:21:10.040 yeah, they've been there. It's, it happened during the Trump years. No matter what the question is,

00:21:14.040 the answer, it's always the Trump years. No, actually back in the nineties, I found some articles about

00:21:19.700 the Chinese spy bases in Cuba. Nothing was done during the Clinton years. But obviously we have

00:21:25.140 the open borders, the fentanyl, and now it's not fentanyl anymore. It's nitazine, nitazine,

00:21:32.400 far more powerful, far more potent. And the cartels work for China. You have Chinese special operators 0.98

00:21:40.040 directing the cartels. This is where we need an authorization to use military force to make

00:21:45.160 a life lesson or an example out of one of these Chinese cartel meetings. Molino down here in Panama

00:21:52.300 just took over. He's a populist. Just think of a Bukale in El Salvador, Milay in Argentina. We have a

00:21:58.620 swelling rise of populists. He just took office on Monday. He's pro-American, whether the Biden team

00:22:05.920 likes it or not. Now you had Mayorkas down there, led the delegation. You had

00:22:10.660 the Navy secretary down there also. You had Aponte, the U.S. ambassador down there, who has

00:22:20.420 really not been very helpful. Molino and Panama want good relations with the U.S. They want to be

00:22:29.240 close to the U.S. They don't want to be close to China. And they've got nothing but a cold shoulder 0.95

00:22:33.840 from the U.S. Now, Molino's very serious. He is going to shut down the Darien Gap, and he's going

00:22:40.040 to block the illegals and the Chinese. And they just signed an agreement. Now, this is what's 0.99

00:22:45.260 concerning about the agreement. When Mayorkas was down there, they said, OK, we'll fly him. We'll fly

00:22:52.440 him out of there. We'll fly him where? Are they going to fly him from Panama direct to the U.S.?

00:22:56.680 Or are they going to fly him from Panama back to where they came from? Hopefully where they came from. 1.00

00:23:01.580 But again, we have taxpayer dollars in the Darien Gap. So you also have the potential war going on

00:23:08.980 here imminently. Venezuela, they've been told they better start doing something and delivering to the

00:23:15.080 boss in Beijing. So a lot of the action is going to be over the oil fields off into the water areas,

00:23:23.160 not really on the ground because they don't really have good maneuver. They don't have good roads.

00:23:27.140 It's really the undeveloped oil and gas in the Caribbean Sea. That's where the action is going

00:23:33.220 to be. So there's that. Over to Asia. Well, obviously, we've got Taiwan. We're going to talk

00:23:40.380 about that some more in a moment. But a lot of the closest trigger that's going to set off the

00:23:46.540 kinetic phase of World War III.

00:23:49.040 Yeah, about two minutes left, Colonel. About two minutes left for Asia.

00:23:52.200 Okay. But you also got what's going on. You got a new naval base right up here for China. China's

00:24:01.000 got a new naval base right on the Tumen River that separates North Korea and Russia. This allows them 1.00

00:24:08.220 to get out past Japan and South Korea. So very concerning. And then the big issue really that's

00:24:14.600 going on, this is the second island chain, Palau, which is friendly to the U.S. The president,

00:24:19.840 there's 18,000 people. The Pentagon has more people than Palau. And President Wipps is saying,

00:24:25.640 I need some help. They're going to try to throw the election, throw me out, which means they're

00:24:29.460 going to throw out America. Down here, the Solomons have already fallen. They've already

00:24:33.920 fallen behind the Iron Curtain. And we've sat around and stared at and not done a whole lot.

00:24:39.520 Now the violent, deadly uprising in French New Caledonia, you better believe there's Chinese 1.00

00:24:46.180 fingerprints on that. So they've already bypassed, in many ways, bypassed Taiwan and

00:24:52.080 flanked, gone around or the flank of the second island chain.

00:24:57.980 Colonel Mills, I cannot thank you enough. That was a masterful presentation. Put very briefly,

00:25:06.580 as you briefed the leaders that run our country on the geopolitics. If you had to assess why it is

00:25:15.480 that President Trump had so much success in the last term, we had peace and prosperity and how now

00:25:21.860 we have 14 fires burning, four big wars brewing right now that you just covered. What is the

00:25:33.200 fundamental difference in policy that's taken place that makes us so vulnerable right now?

00:25:39.860 The Biden-Obama team don't get it. Even with their Belfer degrees, they don't understand what's

00:25:45.320 going on here. Foreign partners, they love clarity, they love resolve, and they love authenticity.

00:25:53.200 None of those three words are ever used to describe the Biden-Obama team. They see there is nothing

00:25:58.160 authentic. There's no clarity. There's no resolve. Our U.S. ambassador should be the tip of the spear

00:26:04.660 on this. And all they do is throw up a violent transgender flag. Oh, no, they've taken them down. 1.00

00:26:09.560 Excuse me. They've taken down the violent transgender flags. But they don't, they just, 1.00

00:26:13.600 there's leading from behind, you know. No, they want leadership. They want expression that we care

00:26:19.420 about them, that we're involved, and we have skin in the game. Because they have skin in the game.

00:26:24.180 This is their turf. They want to know they have America's back. With the Obama-Biden team,

00:26:29.860 they get no clarity, no resolve, no authenticity. So they just, well, the Americans are not on the

00:26:36.800 playing field. They're not in the game. They obviously don't care. We're on our own.

00:26:41.360 Yep. And your thesis in closing here, about a minute to go, tell folks how to reach you. But

00:26:47.240 China, behind most of the 14 points of fire around the globe, you just showed us, what should our 0.99

00:26:55.120 policy be? What markers do we need, if we were in power right now, and you wanted to play hardball,

00:27:02.180 what markers do we put down with China to clean things up? 0.99

00:27:05.440 Well, it's all about trade and economics and finance with China, which, again, the Biden team

00:27:11.980 seems to be financially and economically illiterate, despite their belfer degrees. They don't know,

00:27:16.740 they don't have a clue. They never run anything except for their mouths. And so they don't

00:27:21.440 understand. They're functionally illiterate. So Navarro knew how to do this. Trump knew how to do

00:27:26.720 this. That's where it's really going to get China's attention is cutting off the finances. This is what 0.83

00:27:32.060 it's all about. We have to continue to build up our diplomacy, our military and our intelligence.

00:27:37.560 We have to show interest. We have to show we really care about our strategic partners that

00:27:42.420 we're not just aloof. And we're just kind of managing the decline of the United States.

00:27:46.400 Colonel Mills, how do folks get to you, Colonel, to follow this? I recommend every parent

00:27:52.040 take this segment, show it to their kids until they get it. Colonel, how do folks get to you real

00:27:57.560 quick? 10 seconds to go. Colonel Rhett John, Colonel R.E.T. John, Substack Getter and Truth.

00:28:04.560 Colonel Rhett John, Substack is the best place. Yeah, brilliant presentation. Colonel, thank you.

00:28:10.240 Thank you for your service to our country. God bless you. Stick with the war room. Back in a minute.

00:28:17.000 I want to warn you of a huge change that could be coming to our money in our bank accounts. First,

00:28:23.000 think back to 9-11, shortly after the government pushed through the Patriot Act. This gave the

00:28:27.660 government power to spy on innocent Americans by monitoring our phone and email and tracking our

00:28:33.340 movement across the internet. Now, Jim Rickards, editor of the independent financial newsletter,

00:28:38.900 Strategic Intelligence, and New York Times bestselling author, is warning about a coming event

00:28:44.260 that could elevate this governmental surveillance to a terrifying new level. In fact, some of the guests

00:28:50.360 I've had on the war room believe that the government will soon expand their powers to track our every

00:28:55.680 move. If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote

00:29:02.480 MAGA, the government may be able to shut us out of our bank accounts. I can't say for sure if this will

00:29:08.980 happen, but it's an interesting and dire warning. Fortunately, Jim Rickards, an American patriot and friend

00:29:15.240 of mine has made it his mission to educate us on what he believes is coming and how to protect yourself

00:29:21.200 from the possibility of programmable money. Watch Jim's warning video now before it's censored like

00:29:29.240 I've been in the past. Go to RickardsWarRoom.com. That's RickardsWarRoom.com. Now to see the video.

00:29:36.240 Here's your host, Stephen K. Bannon.

00:29:46.420 Dave Bratt in the War Room with Stephen K. Bannon. Great show packed wall-to-wall. Geopolitics. No one can do

00:29:55.240 what Steve Bannon does, but he's accumulated a bunch of powerhouses that step in with our expertise.

00:30:02.100 We've just had experts on immigration. Then John Mills, just a masterful tour de force around the

00:30:10.960 globe, 14 hotspots. And now we have Dave Walsh, the War Room energy expert. And so, Dave, if you want

00:30:20.460 to bring us up to speed on the latest in energy policy, what the Biden administration has wrought,

00:30:26.360 what the Trump solution could be, and then tie that into some of the hotspots you see around the

00:30:33.540 world. How is energy tied into our geopolitical strategy? And why are we paying such a price

00:30:41.360 now? And how can we get out of it? Dave Walsh, take it away.

00:30:45.220 Dave, thanks for having me. You know, this week we had the announcement by the administration,

00:30:49.780 their latest move to put a shiny object out, to attempt to win an election by appearing to do

00:30:55.920 something for the American people on the price of gasoline at the pump. Announced basically the

00:31:02.280 abandonment of the strategic gas reserve in the Northeast. 10 million barrels or 42 million gallons

00:31:09.780 of gas are going to release. So programmatically, they're saying release. It means sell. These are

00:31:15.800 sold off. We'll have no longer a gas reserve, which was meant for a repeat of something like

00:31:20.820 Sandy that occurred a couple of years ago, or a military event that we need to support.

00:31:26.120 We'll no longer have a gas reserve in the Northeast for gasoline. And what that amounts to,

00:31:31.100 42 million gallons. We consume, as a country, 376 million gallons a day. 42 million gallons is 11%

00:31:39.360 of one day's consumption of gas in this country. So we'll have an absolutely nominal to nil effect

00:31:45.980 on pricing, even though they're broadcasting the shiny object that it will. But I will remind

00:31:51.100 everybody, and this is where we got to keep our guys honest in the Rhino camp. We had back on March

00:31:58.080 22nd, 101 Rhino congressmen vote for this inside the bill to keep the government open and the budget.

00:32:05.140 And a majority of our Republican senators voted for the keep the government open bill that included

00:32:11.320 this as a line item, selling off the gas reserve in the Northeast. Just saying. So Republican hands

00:32:18.540 are dirty with this also. We have got to educate our Rhino candidates and our Rhino representatives on 0.99

00:32:25.180 how energy works and how it's being used against the American people. We've still got to work on that.

00:32:29.360 Globally, some shocking news through Reuters in the last few days. Russian pipeline gas coming into

00:32:37.900 Western Europe has advanced by about 23% in June, over June of last year. In May, it was up about 31%

00:32:45.580 from May of last year. So Russian pipeline gas is finding its way back into Western Europe.

00:32:51.920 The entire time of this conflict, LNG has risen from Russia to Western Europe. LNG was a loophole

00:32:58.280 in the boycott of Western Europe against Russia. Wasn't included. Was 13% of the LNG a year ago is

00:33:05.200 now 17, nearly 18% of the LNG being bootlegged into Western Europe is coming from Russia to our

00:33:12.560 supposed allies in this Ukraine activity, again, proving that they're not really allies and Western

00:33:17.780 Europe not really doing much in the way of support to the 180 billion we've thrown into that conflict.

00:33:23.760 Go over that one again. Hey, Dave. Dave, go over that one again, just the conclusion, the bottom line.

00:33:30.760 So Europe to Russia, energy, implication for the United States. Go over that. Just at the crass level,

00:33:38.060 what's the bottom line there? Where do we stand?

00:33:40.240 Well, we export 47% of the LNG coming into Europe comes from here, puts some pressure on our gas prices,

00:33:49.820 although they've been low. Natural gas prices generally the last year have been low.

00:33:53.900 But also oil, crude and refined product ranges from 1.8 million per day to 2.5 million barrels today

00:34:01.160 are exported from the U.S. into Western Europe to augment the loss of crude oil from Russia into Western

00:34:08.140 Europe, which does have an effect on boosting prices here. And that's what folks are seeing at

00:34:12.960 the pump. We're up to generally averaging about 375, 380 across the country in gas at the pump.

00:34:20.300 And we've had about 17% uptick in Brent crude and West Texas intermediate pricing in the past year

00:34:27.920 due to largely heavier exports occurring into Western Europe for us to support their lack of oil coming

00:34:34.500 from Russia. But I'm saying at the same time, LNG and natural gas continue to come into Western Europe

00:34:40.140 from Russia in significant quantities. So kind of contradicting the complaints of the Europeans

00:34:46.480 that they're helping us through being restricted on energy supply. They continue to import rather

00:34:53.320 large quantities of LNG, about 18% of what they import comes from Russia. And a very large portion of

00:34:59.740 their pipeline gas in the last two months is coming again from Russia. So they're not great supporters

00:35:05.520 of this war effort, the Western European so-called allies. We've got about $100 billion now per year

00:35:14.820 that we're exporting into Western Europe. Coal is $2.5 billion natural gas, about $40 billion and oil

00:35:23.020 ballpark $50 billion in monetary value of exports into Western Europe, you know, with this Ukraine 0.93

00:35:29.800 activity restricting supply there. And their own decisions in Western Europe, in the Groningen gas

00:35:35.520 field in Holland, in the North Sea, by the UK and Scotland, the UK in terms of banning fracking,

00:35:41.380 and the Germans in terms of Lower Saxony, where plenty of natural gas exists, to not harvest their own

00:35:46.820 resources continuing, and lots and lots of exports from the U.S. buttressing their own lack of

00:35:53.640 willingness to harvest their own regional natural gas and oil resources. So-

00:35:59.920 Yeah. Hey, Dave, let me, you can finish up on Europe, but I'm also interested in Colonel Mills.

00:36:06.600 Everything's coming from China. That was a thesis statement, no matter where you are. 0.92

00:36:10.620 Middle East, Europe, Latin America, fentanyl, China, the second island chain, everything.

00:36:18.220 What, where do we stand? You've been great on that over the years, the horn around India, 1.00

00:36:26.700 the sea routes. China is highly, got some severe problems there in terms of their own internal

00:36:35.400 energy needs. What is that looking like now? Does that, does that impact their planning on,

00:36:41.740 on Taiwan? Are they still vulnerable around those sea lanes in terms of getting the energy they need?

00:36:49.080 Or can they be cut off if they play hardball?

00:36:53.400 No, in, in the longer run, they've, they've, but this is probably a couple of years out,

00:36:58.080 these construction projects being concluded. They've agreed with a pipeline from Siberia coming into

00:37:03.460 China as part of their new alliance with China in the last two years that Biden has forced together,

00:37:08.860 very unfortunately. The Belt and Road Initiative with Iran and Iraq have generated plans for

00:37:14.980 pipelines, which again, pipeline natural gas is far cheaper than LNG. We were a major exporter of LNG to

00:37:21.440 China, but it's very expensive. The liquefaction and deliquefaction transport of it puts a massive

00:37:26.940 premium on gas, but when it's pipeline based, it's far, far cheaper. So they've kind of got that

00:37:31.620 resolve between Iran, Iraq, and Russia ready, moving forward, direct pipelines into, into China,

00:37:38.780 but that's going to be three, four years away. In the meantime, they have bought out virtually all

00:37:45.060 of the boycotted supply of oil into Western Europe, which was about 3 million barrels a day.

00:37:51.020 China consume two thirds of that. Now that Delta India, about one third of it. So China's resolved 0.92

00:37:57.140 in oil supply for the time being. So I don't see restrictions on energy right now being an

00:38:05.220 impediment to aggressive actions they may take in the Philippines and in Taiwan. They've done a very

00:38:12.500 good job of it. Also, they've done what we never did. They challenged OPEC by going ahead with Iran 0.51

00:38:18.140 and Iraq on deals to buy oil from them for 20 years at Brent crude minus 40%. So they're presently

00:38:24.620 enjoying about $52 per barrel oil from Iraq and Iran, where the rest of the world is spending 86,

00:38:31.260 87 bucks a barrel on Brent crude, or 82 bucks a barrel on our, our Permian, West Texas Intermediate

00:38:37.980 crude. So they're on, on a cost basis. They're, they're massively resolved on energy cost issues.

00:38:44.620 And of course, they've got 400 coal plants under permit and under construction being built in

00:38:49.820 China as we speak, while they make solar panels and lithium ion batteries for us. So, you know,

00:38:55.980 their, their energy picture is doing very much the opposite of what they're selling us in equipment.

00:39:01.180 Yep. Well, give us a, give us a 30 second tour de force on you and Steve have been great on U.S.

00:39:08.540 energy full spectrum dominance. But then give us a couple points. What would you advise President

00:39:14.940 Trump when it comes to this geopolitics in terms of getting Europe to behave themselves,

00:39:20.300 any partnerships we still have at the end of this current administration? How would you advise him

00:39:27.020 to pull together the world in addition to the U.S. getting our own house in order, Dave?

00:39:32.860 Well, we can, we, you know, a lot of this political activity in Germany, Austria, England,

00:39:39.820 and France with Macron do relate heavily to energy costs in Europe and the people standing up against

00:39:47.100 exorbitant energy costs that they've now experienced and the nakedness that's been exposed by Russia 0.92

00:39:53.340 invading the Ukraine. Over here to support this and the move to be reactive to people and what people 0.93

00:40:00.860 need to live and to have industry and commerce and jobs, incentivization of solar, wind, battery storage

00:40:07.820 needs to end. Incentivization of nuclear power needs to end. We don't need to incentivize any

00:40:13.820 particularly inefficient resources such as time-constrained wind and solar to buttress our economy.

00:40:21.420 We need full stop, all in, competitive on an economic basis, negative incentives again because

00:40:28.140 incentives ruin fastidious behavior and people being efficient. When people don't see the real

00:40:35.660 cost of energy such as being hit by 30, 40 percent incentives on wind and solar, they're not inclined

00:40:42.140 to be efficient. This was one of the hallmarks of creating the DOE back in the Carter era that

00:40:46.700 people ought to be conserving, ought to be efficient. Well, you can't be if you're hiding

00:40:51.500 massive costs of solar, wind and battery storage under incentives and to make that cost amassed over,

00:40:58.620 but also importing virtually all of that equipment, particularly solar and battery storage from

00:41:03.980 China, who are supporting Russia in this cause in Ukraine and supporting what's going on with Hamas and 0.78

00:41:09.420 Hezbollah very clearly. And with the bellicose threats continuing on Taiwan and their intent to move on

00:41:15.660 Taiwan, not if, but when. So we've got to take strides for energy independence here. We've got to.

00:41:22.780 Good. Dave Walsh, thank you very much. Fit in perfectly. Brilliant presentation following Colonel

00:41:27.820 John Mills. Seamless. How do people reach you and what should they be reading on energy policy, Dave?

00:41:35.980 Dave, thank you for what you're doing. I can't believe we're in this situation watching our second

00:41:41.580 senior presidential advisor imprisoned by these guys now with this pension to take political prisoners.

00:41:48.220 We're all blessed that you're doing this. We're thankful. You can catch me now on X and of course,

00:41:54.620 Getter and True Social all at Dave Walsh Energy. Thank you, David. Good. Thanks for the kind words,

00:41:59.340 Dave. God bless you. All right. Up next is E.J. Antony on capital markets. Today, the Wall Street Journal,

00:42:07.820 sudden return to the Trump trade sends treasuries reeling. Not only the Wall Street Journal,

00:42:13.900 it seems like the journalists aren't doing journalism anymore. All about 10 major financial

00:42:19.100 pieces all had similar headlines. They're all kind of anti-Trump biased and they're putting things in

00:42:27.260 technical terms that the average reader can't understand. That's why we brought in E.J. Antony,

00:42:32.700 the Heritage Foundation, the great economist of the war room. And so E.J., is there, can you,

00:42:39.740 first of all, just explain the thesis of what the Wall Street Journal is saying about what's

00:42:43.660 going to happen to the bond markets. If President Trump gets in, they accused him of causing more

00:42:49.100 debt and more inflation. And I think you and I probably have a different view of what the Trump

00:42:55.580 presidency will bring in terms of economics. E.J. Antony, fire away.

00:42:59.420 Well, Dave, let's not forget. Actually, you're going to have about a few seconds here, but

00:43:05.020 let me just hold you over the break, E.J. But tell us right now, how do people reach you so they can

00:43:10.780 read you on this stuff ahead of time? Sure, sure. Best place to find me is going to be on X. The

00:43:15.980 handle there is at real E.J. Antony. Good. Well, we're back with E.J. Antony, who's been a champion

00:43:23.000 in the war room on all things capital markets. And so hang with us over the break and please

00:43:29.720 spread the war room with all your friends. Spread all the platforms, including E.J. Back in a minute.

00:43:36.760 Here's your host, Stephen K. Bannon.

00:43:39.160 Back in the war room with Stephen K. Bannon. We have E.J. Antony in house. This has been a power

00:43:52.280 packed hour with geopolitics. Stephen K. Bannon is usually here to connect all of the dots,

00:44:00.200 but we appreciate the war room and the willingness to spread this platform to everyone. Rosemary was

00:44:07.440 great on the immigration piece. And then a whirlwind tour. I hope you share that with all the young

00:44:12.800 people out there. They need to know about the world they live in. Dave Walsh on energy. And now E.J.

00:44:17.900 and Tony, we set you up with a Wall Street Journal piece today on the bond market. Why don't you give a

00:44:24.280 summary recap of what they're saying about President Trump expectations and then what free market

00:44:31.640 economists and non-biased economists think the Trump presidency will bring the American

00:44:37.420 people? E.J. Antony, take it away. Oh, certainly, Dave. Thanks so much for having me. And look,

00:44:42.940 I think what people need to understand is the same folks who are telling you what a disaster another

00:44:47.800 Trump presidency will be are the exact same ones who told you back in 2016 that the first Trump

00:44:54.220 presidency was going to be a total disaster. They said his tariffs were going to bring on inflation.

00:44:58.880 They didn't. They helped onshore manufacturing. They told you that by stopping illegal immigration,

00:45:05.120 it was going to cause labor shortages. It didn't. It actually caused wages for American workers to

00:45:10.640 increase and increase much faster than prices. Exactly the opposite of what we've seen under Biden.

00:45:16.200 And we had a deep liquid treasury market, which basically just means it was very easy for the

00:45:22.660 treasury to auction off its debt. That's important because when it gets difficult for the treasury to

00:45:28.560 do that, the treasury needs to offer more and more interest to bondholders in order to incentivize

00:45:35.340 people to lend the treasury money. That's what's happened under Biden. As the debt has exploded,

00:45:41.440 as people have begun to doubt the treasury's ability to actually repay this debt, which is a pretty real

00:45:47.320 concern when you're talking almost $35 trillion in debt, all of a sudden interest rates have gone

00:45:53.620 through the roof. That's costing hundreds of billions of dollars more a year, just in extra

00:45:59.960 interest. A lot of the Trump policies that he wants to re-implement, which he already did the first time

00:46:05.660 around, would cause, would essentially alleviate a lot of that stress on treasury markets. And so many

00:46:12.520 of the indicators that these so-called prognosticators are pointing to today as a sign that Trump is going to

00:46:20.200 bring all kinds of devastation upon the United States are actually just signs that the current

00:46:25.600 administration is bringing that kind of financial Armageddon today. It's not a sign of things to come

00:46:32.220 so much as a sign of what's actually going on today. It's no coincidence that treasury yields,

00:46:38.280 for example, are going up only a couple of days after that same treasury had to borrow $100 billion

00:46:44.000 in a single day. I mean, it seems pretty easy to connect the dots here as long as you can just

00:46:50.400 take off your biased political lenses, I suppose. Yeah. And EJ, a couple minutes to go, about a minute

00:46:58.000 or two. And tell folks, I mean, just in the basic simplest terms, if people expect President Trump to

00:47:06.400 return a roaring economy, does it make common sense to you that they're going to take money out of low-paying

00:47:12.460 bond interest rates and put them into real investment in the real economy again? Thank God.

00:47:19.180 So give us your commentary on that for a minute or so, EJ. David, this is such a great point. Part of

00:47:25.320 the reason why long-term treasuries are seeing interest rates rise is because when you loan the

00:47:30.600 treasury money for 10 years, it's tied up for 10 years, a whole decade. And so if you expect that

00:47:36.540 President Trump is going to come back into the White House and that he is going to restore very fast

00:47:41.600 economic growth, do you really want your money sitting there at 2% or 3% or 4% when it could

00:47:47.460 sit in the stock market and get 5%, 6%, 7%, 8% annual returns? And so if the treasury is, again,

00:47:54.320 going to incentivize people to lend it money, it's going to have to offer higher and higher yields to

00:47:59.280 be competitive with that robust Trump economy. EJ and Tony, thanks for being in the house with us.

00:48:06.340 We're going to have you back often. Great job today. Everybody look them up. Follow EJ and Tony. We just

00:48:12.220 want to put a plug in for Birch Gold. When you see this instability of the past four years in the

00:48:19.380 Biden administration, its economic impact, please go to our good friends. I'm friends with the Birch Gold

00:48:25.240 crew. Get their advice. They want to talk to you. Look them up. Get their materials. We don't give

00:48:31.720 financial advice on the war room, but we know that gold is a good hedge against risk. And this world,

00:48:37.140 as you've seen by this entire show, with 14 flashpoints around the globe, is full of risk.

00:48:43.700 It's our pleasure right now to bring in Catherine O'Neill. Catherine, what do you got for us today?

00:48:49.380 Thanks so much, Dave. It was great to be with you guys last week before Steve headed in. So today,

00:48:56.000 we have our burger blowout, which is back by popular demand. You guys ask for it all the time.

00:49:03.380 So we have a tab on our website, www.meriwetherfarms.com, war room posse, and you can find the burger

00:49:12.100 blowout. But the other thing I'm talking about today, Dave, is our subscriptions. You probably know

00:49:18.200 that we sell out of our products very quickly, like the war room posse cleaned us out last week.

00:49:23.960 So we really encourage you guys to sign up for our subscription program because then you can lock

00:49:31.340 in a price. You get 15% off every single month and you can have a guaranteed supply. So make sure to

00:49:38.600 go sign up for a subscription. We've included some more boxes in that program. And also one more thing,

00:49:46.240 if you don't want it every month, if it's too much, you can do quarterly, you can do every other month.

00:49:51.320 So there's a lot of options. So go get the burger blowout now and sign up for a subscription

00:49:57.560 because we're expanding. So very good. Catherine O'Neill, Meriwether Farms,

00:50:03.800 go by and support the people who support the war room. Thank you. And now we got another

00:50:08.480 patriot. You all know him, Mike Lindell. Mike, what's the deal of the day? I buy all your products

00:50:13.660 personally. What do you got?

00:50:14.760 Well, I promised Steve we would break records. My pillow is one of the biggest sponsors of the

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00:51:16.980 for Steve, everybody. God bless you. There's our patriot, Mike Lindell. Please support Mike Lindell,

00:51:22.780 MyPillow. They support the war room. God bless everyone listening. Have a great 4th of July.

00:51:28.600 I'll be back with you soon. Spread this platform for Steve Bannon. God bless everyone.

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Bannon's War Room - July 03, 2024

Episode 3731： Death And Fear At Our Southern Border

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