Episode 4098： Did The American People Get A Payout; Populist's Power to Take On The System
Episode Stats
Words per Minute
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Summary
Stephen K. Bannon explains why Donald Trump s victory in 2020 signals a new era in American politics, and why the Democratic Party is not as strong as it was eight years ago. He also points to the rise of right-wing populist movements around the world, like the Tea Party and the French Rightwing National Assembly.
Transcript
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First of all, don't put me in a corner where I never went.
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I am not saying the Democratic Party is finished and needs to be rebuilt from scratch.
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You've been talking about some historical parallels.
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I would draw an analogy, and Joe, you remember, to 1968 when Richard Nixon barely defeated
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the incumbent vice president who had taken over for the incumbent president who had withdrawn
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That was a really close election, but it signaled a change, a big change, which was the end,
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It took maybe 12 years until Ronald Reagan swept it away in 1980.
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But that's where I'm looking, more a trend, which is the trend toward populism, right-wing
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It's been coming in this country for eight years.
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But the fact that Donald Trump won again, despite being pretty unpopular, despite having tried
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to overthrow an election, despite being a convicted felon, tells me that that trend, that sentiment
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in the public to get rid of old institutions, to overthrow the status quo, it's a really strong
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one, strong enough to re-elect this, I would say, degenerate felon.
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And Democrats would be foolish not to look at that and say, we may be defending a status
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Pray for our enemies, because we're going medieval on these people.
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I got a free shot at all these networks lying about the people.
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I know you've tried to do everything in the world to stop that, but you're not going to
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And where do people like that go to share the big lie?
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I wish in my soul, I wish that any of these people had a conscience.
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Ask yourself, what is my task and what is my purpose?
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If that answer is to save my country, this country will be saved.
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It's Tuesday, 3 December, Year of Our Lord, 2024.
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There actually is a right-wing populist movement in this country, and it's been going on since
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They also get wrong the 1968 election because there was another candidate in the race, Hubert
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Humphrey in the New Deal, got, or not just New Deal liberalism, but Great Society liberalism
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But here, this started, sir, not eight years ago.
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President Trump delivered a hammer blow eight years ago.
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The 2008 financial crisis that was brought on by the elites of this country who have never
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On the day that Lehman Brothers collapsed back in 2008, John McCain and Barack Obama were
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Actually, McCain might have been up slightly, McCain and Sarah Palin.
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Of course, McCain held his call, you know, put his campaign on abeyance, went to D.C., looked
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like a buffoon, didn't know what he was doing, then eventually kind of got blown out by Barack
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Remember, Obama had run as an anti-war populist against the Clinton machine in the primary,
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And when they saw the bailouts, they saw the financial collapse, they saw Wall Street,
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the greedy oligarchs on Wall Street, once again, doing what greedy oligarchs on Wall Street
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do, which is rape and pillage the American people.
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They didn't get it immediately, because Obama, in that regard, was way over his head.
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Geithner and Bernanke and Hank Paulson, all that crowd, right, were able to get around.
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And, of course, Hank Paulson was the failed Secretary of Treasury of Bush, who kind of brought
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it on, Bush, the worst president in the United States, except for President Buchanan, right
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So there is a populist movement, a populist movement worldwide.
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I've been very honored to be a small part of that, to keep that going on a worldwide basis.
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And, in fact, we're going to speak later today.
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Le Pen, speaking of right-wing, Front National, or National Assembly, whatever they call themselves
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now, is about to bring down the French government and Parliament, at the same time Macron is
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sitting there begging President Trump to come and hang out for the weekend.
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As President Trump goes and shows, he's the defender of the Judeo-Christian West by being
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at the opening of Notre Dame Cathedral, the reopening.
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And, of course, the Pope Francis, beneath him, it's not a synod on synodity or whatever
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It's not celebrating some pagan religion in the Amazon River.
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So, obviously, the Pope's not going to be there for that.
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But President Donald Trump will be quite impressive, quite impressive.
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If you're going to miss the, I guess he's not going to miss the Army-Navy.
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Maybe we can get him to Army-Navy because Biden won't go.
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Right-wing populism, to get it wrong, it's from 2008.
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The fuse that was lit in the Oval Office of Bush made sure, insured, that was in September
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2008 when the collapse really took place, insured Obama's presidency, but ultimately
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insured a right-wing response to that, as always happens in a financial collapse.
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And here we are today with President Trump coming back.
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By the way, his third victory, let me repeat that, his third victory for getting ready for
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Of course, in the second term, what are they going to do?
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They're trying to steal the second term, even as we speak.
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And this is why I keep saying, folks, it's fixed bayonets.
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We have to, because in every way, they're trying to, in three ways, we're going to have
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today, Jim Rickards is going to join us, Raheem Gassam is going to join us, Jack Basova is
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We're going to have a couple of three of those in studio in West Palm Beach.
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We're going to be down here in Palm Beach, I think for the week, maybe a little bit in
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We'll have to see how, we'll figure it out, how this plays.
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But you're seeing right now an absolute resistance to President Trump, what he's trying to do,
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the war, and this is where we're having Basovik on.
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The situation in Ukraine announced overnight, the Biden administration went out yesterday
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and said, hey, you've got to raise 500,000 combat troops, you have to have a draft, you
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You're seeing the desertion, I think 200,000 combat troops have either failed to report for
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duty after taking leave, are deserting the front as the Ukrainian front collapses in
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front of a Russian offensive, only to make President Trump's situation and his ability
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Of course, you've got the situation in Syria just announced, South Korea has declared martial
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As Biden yesterday cut off, which I agree with, cut off the Chinese government's
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Chinese party from really access to advanced chips, I would actually make the analogy,
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folks, that this may be equivalent to cutting off imperial Japan from oil in the late 1930s.
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I think it's the real embargo really kicked in in 40 and 41.
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The third world war is upon us, and they're trying to box in President Trump from various
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Also, we're going to talk about the bond market.
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This has been coming up, you know, the bond vigilantes.
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They're hearkening back to people that hate President Trump, hate the populist movement,
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the Wall Street oligarchs saying, oh, the bond market's going to save the progressive left.
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That what happened to Liz Truss is going to happen to Donald Trump.
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We're going to walk through that, why this is the new angle of attack they're making on
00:09:08.840
I told you they're going to try to jam up President Trump for making the cuts he's got
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Of course, The Economist, The Economist is out today with a huge article.
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Remember, The Economist and Financial Times of London are both from the same company.
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And one's the magazine, the other's the newspaper.
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They're the magazine and newspaper of the global financial elite in the world that kind
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Today, a huge, huge, huge piece that we'll break down probably tomorrow when we have time.
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And that is that the cause of all this is veterans' benefits are too good.
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We're paying the combat veterans, particularly the ones that fought in Iraq and Afghanistan.
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Remember, the global elites, what they're, and particularly in the United States, the
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wealthy, here's what they're maniacally focused on.
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The little $1,200 you get from Social Security, the care you get for Medicare, what you worked
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your entire life and supported this entire apparatus.
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They're obsessed at taking that away from you because you're the, you're the problem.
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As we get into this about setting our financial house in order, economic house in order, don't
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think they're just going to roll over and say, okay, I got it.
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And, and yes, that money go back to the people, put discretionary income in their pocket, and
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they'll get the blessings of liberty as we deconstruct the administrative state.
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And now you're the real problem because you've risen up and had the back of Trump.
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And so Trump's a disruptor, and Trump has nominated people like Pete Hegseth over defense and Cash
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Patel at the FBI and Bobby Kennedy at HHS going after the military industrial complex, the legal
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intelligence complex, the biopharmaceutical medical complex.
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They make a lot of money, and they put you in servitude.
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New stories out today saying how Generation Z, in Axios of all places, Generation Z saying,
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hey, we're tired of being Russian serfs, and we don't like a future that says we're going
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We are at the beginning of a populist takeover of this country, and they hate it.
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But trust me, folks, they're not just going to sit there and go, oh, this is terrific.
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You got Trump, you got Bannon, you got Tucker, you got others, yeah, all these guys screaming
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African-American and Hispanic community get a taste of it.
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Power that Republicans talked about for 30 and 40 years, and even to the revered Ronald
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Reagan, who I was the official filmmaker out at the Reagan ranch for many years.
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I revere President Reagan, but President Reagan, even President Reagan, could never
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Part of that was Jim Baker and the Bush people taking over the second term.
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And Nancy Reagan kind of putting her folks in there in the first term.
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Now you have the ability to deconstruct the administrative state.
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And you think they're going to sit there and go, oh, this is terrific.
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We got a bunch of people breathe through their mouths and wear bib overhauls.
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They're going to tell the credential class what to do.
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You know, your betters, your betters are just not going to sit there and go, oh, this
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Let's, let's just allow the backbone of America, the grit and determination, the folks that make
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Let them have a say so in the direction of this government, the size of this government
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and what Leviathan's supposed to do and not supposed to do.
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You think they're just going to sit there and say that?
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They are not because now they identify that you are the problem.
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If you're a veteran, you get too many benefits.
00:14:02.540
If you're a worker, you've got, you've got, you're getting too much pay.
00:14:12.020
We've got Mike Davis going to talk about where they're all over Mike Davis.
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We're going to talk about where we stay in the nominations process.
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Hexas starting to get a little traction, but they're coming after him hard.
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Now the work can finally start on the big issues facing the country.
00:15:05.940
One of the biggest is the national debt and the deficits that drive it.
00:15:13.700
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00:15:25.120
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The government and serious are people like Kash Patel and the inner circle with Donald Trump
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to literally do show trials of former Trump administration officials who irritated Trump
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by telling the truth about January 6th, of investigating, you know, fake conspiracy theories
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that Kash Patel apparently believes in, QAnon, et cetera.
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How serious are they about doing that sort of thing in your reporting?
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The idea is Democrats came after us, so we're going to come after them.
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And even if these prosecutions or investigations don't end up concluding the way they want,
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It's so that all sorts of people connected to the January 6th world, you know, to Jack
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And the idea is that they have to lawyer up, spend a lot of money on legal fees and get
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dragged through grand juries and kind of litigation battles in courts.
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And you can kind of see how this is metastasized over time because Kash Patel, yes, is loyal to
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But he is also ideologically aligned with people like Steve Bannon, people like Mike Davis.
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You know, you played a lot of these clips of War Room at the top of the show.
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And I thought that was actually a really good reflection of where Trump world is when it
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Now, Kash has its attractors inside Trump world as well.
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People close to Suzy Wilde, people close to the incoming vice president, J.D.
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And they were like, well, you know, Kash is kind of out there even for us.
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But their reaction to Kash getting picked was, well, you know what?
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And so I don't know that there's going to be a concerted effort to try and stop Kash
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to do whatever he wants to do if that is what it comes to.
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Of The Guardian, Hugo is one of the best reporters.
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For those of us who have been in this struggle for years and years and years and years,
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Kash Patel has been here from the very beginning with Devin Nunes.
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He knows where the bodies are buried and how much dirt's on top of each one.
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Mike Davis, Hugo Lowell, give me a shout out there.
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They play a bunch of clips from War Room prior to that.
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But Semaphore is reporting, Ben Smith and the team over at Semaphore are reporting that
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Kash is getting actual real traction in the Senate.
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Mike Davis, you know the Senate better than anybody.
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You're a professional doing these confirmations.
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Talk to me about Kash Patel, the Senate, what they're going to look for and what are the
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I told President Trump we're going to confirm Kash Patel with Steve Bannon in the War Room,
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along with the Article 3 project, and that's what we're going to do.
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Kash Patel is highly qualified for FBI director.
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The Obama Justice Department gave Kash Patel one of its awards because he's such a good
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He works for Nunes on House Intel in a senior post, National Security Council in the White
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House, director of national intelligence office in a senior post, chief of staff at the Pentagon.
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He's clearly qualified to serve as President Trump's FBI director.
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So if he is qualified, a qualified senior presidential nominee should presumptively get confirmed in
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the Senate, particularly by 53 senators in the president's own party, unless that nominee
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is disqualified because of his personal misconduct.
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And that has to be proved by the opposition with clear and convincing evidence.
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We're not having the Christine Blasey Ford, me too, presumption of guilt.
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We got rid of that nonsense with Justice Kavanaugh's confirmation, you're welcome, America, from
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He has nothing in his background that's going to be disqualifying.
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He's had the highest security clearances in the past.
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He's had TS, top secret, SCI, secure compartment and information, SAP, special access programs
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And he is going to be President Trump's next FBI director, as I promised President Trump.
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And the Article 3 project and the War Room posse are making damn sure that happens.
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I want to make sure right now, where do people go for Article 3?
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We need all hands on deck on these nominations and these appointees.
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Hey, I'm not crazy about a couple, three of them.
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But hey, President Trump gets his, like I say, got shot in the head, won a landslide four
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The guy gets to pick who he's going to pick, right?
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And you've got to just fix bayonets, get up over the trench, and let's get moving.
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I'm booting up a little thing from Rachel Maddow last night for you, Mike Davis.
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Because, posse, remember, you were the hoplites.
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You were the soldiers in the field on the mass mobilization for the turnout and for the
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election integrity, which you guys all trained up for.
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Now we're back for the second bite of the apple, which we've got to get President Trump's
00:22:08.020
So, Mike, where do people go today that want to participate?
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And that will help you contact via phone both of your home state senators.
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Remember what the war room posse was able to do on Ketanji Brown Jackson's confirmation.
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And they confirmed her and ran off and hit after the war room posse lit up the Senate.
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Let's put that effort on steroids for Kash Patel.
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This is how we're going to destroy the deep state, reform the FBI, destroy the deep state,
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and actually bring justice for this republic-ending lawfare against Trump, Bannon, Navarro, Trump's
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January 6th supporters who were persecuted, parents, Christians.
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Can we go ahead and play the clip of Rachel Maddow on Jane Mayer last night talking about Pete Hegseth.
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The other thing I'd like to say is just that it's been almost a day since this story came out
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I have been hearing from many more people who worked with Pete Hegseth who have come out of the woodwork to say
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they, too, have stories along the same lines, stories of just drinking himself into sort of oblivion,
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all of which I think is, you know, I mean, I've got nothing against people having a good time in life,
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but it's when you combine it with running the Defense Department that it really does get to be an alarming picture.
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Okay, Mike Davis, you've done this long enough to know.
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Jane Mayer did a oppo dump, and we had Matt Bull on yesterday with you,
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and Matt Bull said, hey, a lot of this was kind of unconfirmed.
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They took it from a guy who, I guess, had replaced Pete or was, you know,
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in these organizations you always have these kind of tensions, some email, a lot of questions about it,
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Mika did a dramatic reading yesterday of the email that Pete's mom sent,
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but then 24 hours later she said, hey, I didn't mean to send it to you.
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But Jane Mayer went on Rachel Maddow, and remember, Rachel Maddow is the railhead of all of it.
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So, Mike, Jane Mayer just put a shot across the Senate to say,
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don't be rubbing up on Pete Hegseth because I got a lot more coming.
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What do you make of that threat, and what do you make?
00:24:57.940
How is the Senate going to respond to that, sir?
00:24:59.480
Because Semaphore is repeating cash is getting traction.
00:25:06.520
They're trying to call Pete from the herd, right, Alinsky 101.
00:25:12.060
So, again, the president's qualified nominee should presumptively get confirmed by the Senate,
00:25:22.680
There's no question that Pete Hegseth is qualified to be the Pentagon secretary.
00:25:29.940
He's right out of central casting for this job, right?
00:25:32.620
So the issue is, is he disqualified because of his personal misconduct?
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And that means that people who say he's disqualified have to come forward with clear
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and convincing evidence that he's not capable to do the job.
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And remember, with this confirmation process, we're not canonizing saints.
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We are confirming people to the president's cabinet, and the president presumptively should get the team he wants.
00:26:00.800
The president doesn't tell senators who can be on the Senate staff.
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The Senate shouldn't tell the president who should be in his cabinet unless that cabinet pick is either unqualified or disqualified.
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And so it is a very high burden for someone to come forward and say that a cabinet pick is disqualified because of personal misconduct.
00:26:25.100
Again, we're not doing the Justice Kavanaugh, Me Too presumption of guilt where every nut job from high school 35 years ago comes out of the woodwork.
00:26:37.040
Like Christine Blasey Ford and doesn't know how she got there and how she got home, and she knows that she only had one beer, and it was Brett Kavanaugh.
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The guy who testified he was a virgin well into his 20s was apparently a serial gang rapist with this nut job, Christine Blasey Ford.
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Last thing, because their fallback position is he's unqualified.
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In your professional opinion, Mike Davis, is Pete Hegseth qualified professionally to be the secretary of defense, sir?
00:27:10.760
We have a mentally ill man as the Surgeon General of the United States.
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He doesn't know what the hell – if he's a man or a woman, he should be in a nut ward.
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But Pete Hegseth, who fought in wars for the United States, who's been in our military, he's somehow not qualified.
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Like he's clearly qualified to serve as the secretary of defense.
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Maybe the defense contractors don't like Hegseth because he's not going to go along with their scam of the last 80 years, but he's clearly qualified to serve.
00:27:44.940
Where do they go for Article III, brother, to fix bayonets?
00:27:52.280
We are going to be in this fight for Trump's cabinet picks and other senior executive branch picks and then his judges.
00:28:05.740
1,000 Senate confirmed and plus a ton of hundreds of judges.
00:28:22.980
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I'm going to try to get a couple more rants here as we go.
00:29:43.100
I want to talk about – I've got Jim Rickards on deck.
00:29:52.740
Raheem, and of course, in all the discussion about the pardon, only – and I think it was Tom Nichols over at the Atlantic talked about the strategic mistake
00:30:09.500
the Democrats are making and Biden made with this pardon.
00:30:13.100
And he's the only guy I've seen on the left that goes back and says, hey, the big problem here is they went back to January of 2014,
00:30:20.980
and they're going to play right into the hands of the right-wing populists that are on top of this.
00:30:27.440
Tell me, why is it so important that he went back 11 years and he went back to January of 2014, sir?
00:30:37.980
I think the Hunter – on the record, I think the Hunter Biden pardon was an excellent, excellent move by Joe Biden.
00:30:45.760
It works for me because not only does it put the heat right back on all of that – and by the way, I'll happily trade them a pardon for Hunter Biden
00:30:53.760
because now the spotlight goes back to that date, and all of the other people now are getting thrown under the bus.
00:30:57.720
Well, the spotlight only goes back to that date if you put it back on that date.
00:31:01.440
Fox, nobody on the right is focused on what the real story is here.
00:31:06.760
The signal is that he's nervous enough, they're all nervous enough, that they went back to January 2014.
00:31:19.700
And by the – I 100% – look, first off, I was the first one to say when I got out of prison,
00:31:23.800
that guy is not going to last 48 hours in prison.
00:31:30.860
It will break him, and it will be the end, and he'll be back on drugs.
00:31:33.440
And the drugs in these prisons are out of control.
00:31:38.840
But the way he did it and went back those years plays right into the story you've been telling people about the color revolution.
00:31:45.320
Or he'd be in the chapel with all the types of the people that go to the prison chapel.
00:31:53.900
Look, if we go – everything that happens on this stuff right now, on the international stage, everything is – will coalesce around Ukraine again, right?
00:32:11.400
You know, it was the money laundering of the defense.
00:32:15.360
This is why – it comes back to the Hegseth thing as well.
00:32:19.240
This is why they're so desperate to stop it because he's not going to do that.
00:32:23.280
He's not interested in propping up the stock price of the defense companies.
00:32:31.820
I welcome the Hunter Biden pardon for two reasons.
00:32:40.440
Like, you and I were the ones who went through chapter and verse all the Biden crime family with Rudy Giuliani and all of that stuff.
00:32:47.920
But at this point, you have to take my word for it.
00:32:51.720
I care about the apparatus, and I care about the wider corruption.
00:32:54.400
The second thing that's really great about the pardon is that it basically enables Trump to go in day one and be like, okay, well, he politicized the puns.
00:33:12.500
Alternate electors, the people praying in front of the abortion centers, all of it.
00:33:16.020
All the ones they imprisoned, all out on day one.
00:33:19.900
Hunter Biden for all of those people's freedom.
00:33:33.220
He's going to be en route to go to France this weekend.
00:33:38.120
Le Pen is about to bring down the government and parliament because this is a parliamentary system still.
00:33:42.720
Macron is on bended knee to bring Trump over there.
00:33:46.300
The tectonic plate shifts were already seen in Europe.
00:33:49.160
So, once again, whether it's the Labour Party's apparatus that's currently here in Palm Beach.
00:34:04.800
What's the pitch Labour's going to make to Trump?
00:34:07.720
Because Nigel, as soon as you get back over there and start running the campaign, Nigel's going to be the next prime minister.
00:34:14.000
The Labour Party guys, Macron, you know, you saw it with Trudeau.
00:34:21.000
Everybody wants the least worst situation for them.
00:34:23.360
And look, Macron, to his credit, is a very savvy operator.
00:34:29.940
And he knows exactly how to make Trump feel like the king.
00:34:32.900
I mean, the reopening of the cathedral is an historic moment.
00:34:41.560
And so to have him there is the ultimate diplomatic move.
00:34:45.700
And he knows that he's got this, you know, this budget crisis and Marine bearing down on him like never before.
00:34:52.920
You know, she can bring not just France, the Eurozone to its knees in the next 24 hours.
00:35:01.140
And so he has to have Trump there as a bulwark.
00:35:15.200
You know, their country would exist without a good riot.
00:35:17.020
Well, they kind of started off by being the mother of all revolutions, right?
00:35:24.480
Let me go to this budget cuts because the Wall Street Journal today has a brilliant story about she's saying, hey, I want out of the EU.
00:35:31.560
I want no payments to the EU, no payments for any immigrants on health care.
00:35:36.120
I want to stop all the money you're sending to sub-Saharan Africa and North Africa.
00:35:39.680
I want to stop it all so we don't have austerity programs put on the workers.
00:35:46.040
Folks, you're going to see the exact same thing happen here in the United States.
00:35:49.280
Walk me through how the overall finances are finally coming home to roost.
00:35:54.140
I understand you're not a finance guy, but you know the politics of it.
00:35:58.840
I mean, all of the largesse of the last, you know, two decades.
00:36:03.020
And it's largesse because it's Eurozone payments.
00:36:06.000
Like, it's membership payments to Brussels, right?
00:36:09.800
That they redirect to other countries to get everybody to buy it.
00:36:15.340
It goes to Ukraine and all of this stuff, right?
00:36:17.800
But, I mean, even the Italians, it's – so you've got the net contributors and the net beneficiaries in the EU, right?
00:36:22.560
And the French and the German people are finally starting to go, hold on.
00:36:36.300
You look at three million signatories on this petition after a government got a mandate.
00:36:43.060
There's a petition now to have another election, right?
00:36:47.000
You don't have to have the election, but you have to debate it in parliament, right?
00:36:50.460
It's legally required now that they talk about having – they had an election in July, ladies and gentlemen, and the people already want another election.
00:36:59.760
Tell me where do you think we stand, particularly the Trina Alinsky-Pete Hexeth.
00:37:09.160
Whatever information – don't let Jane Mayer on Rachel Maddow be giving threats.
00:37:16.260
I think you've just got to get it all out there.
00:37:18.280
And then we've just got to push Pete over the top.
00:37:20.580
I think you were right when you talked about the blood in the water that came after the Gates stuff.
00:37:31.260
Yeah, but McConnell and Maddow are one and the same in this process.
00:37:45.560
It's woven into their spirits that they actually oppose that stuff.
00:37:51.340
So the last thing they want is anti-system players, correct?
00:37:54.600
They're corporate ambassadors is what they are.
00:37:56.780
And I think the Gates thing was bad, really bad.
00:38:14.960
I think people really, really need to get their shoulder to the wheel on this.
00:38:18.820
Because this is one of the reasons we're trying to fire people up is that President Trump shouldn't take any losses.
00:38:23.660
If he makes a decision like on Gates that, hey, maybe I'm burning up too much daylight here and I want to do it, that's President Trump's – that's President Trump's – he can do that.
00:38:36.960
But otherwise, it is push and let's get it over the top.
00:38:41.240
And I think people need – look, if he wants him, he should have him.
00:38:43.760
We should definitely have somebody in there that is not qualified.
00:38:46.880
You know, I'm using qualified because the not qualified is exactly to what Mike Davis was saying.
00:38:52.900
He's not qualified as far as the defense companies are considered.
00:38:55.820
You know, he's not qualified as far as the lobbyist cash that flows through the Senate is considered.
00:39:03.000
And if he wants him, he should be able to have him.
00:39:04.680
I think people need to light up the senators right now and say, if you dare, if you dare, we're just not going to have it.
00:39:10.740
You're saying hexes, like we said, it's all or nothing here.
00:39:16.600
What about getting everybody up there in the first or second week of January?
00:39:22.380
Because they're saying now, well, maybe we want the national security guys and maybe cash comes later.
00:39:33.100
And the most important thing about cash that I don't think people realize, yeah, he's great in front of the camera and all that stuff.
00:39:41.000
He actually gets down and dirty into the documents.
00:39:51.120
By the way, we took the book Government Gangsters and made a film.
00:39:54.200
You can go to warroom.film, download it, share it.
00:39:58.080
You got it because we took the book and actually made it, I think, even more accessible.
00:40:03.860
Cash looks right in the camera and walks you through everything.
00:40:05.860
People run around today saying, oh, he's got this hit list in the book.
00:40:14.200
But talk to me when you say he's savant-level on understanding this.
00:40:20.600
But, by the way, the hit list is too short, so we're adding to the hit list.
00:40:23.600
And everybody who calls it a hit list is being added to the hit list.
00:40:28.480
Anybody that comes back and says anything to get a hit list, right?
00:40:39.000
Let's connect those dots to the color revolution stuff, right?
00:40:41.160
The FBI under Kash Patel needs to be investigating exactly how America got involved in Ukraine.
00:40:47.020
You know, what kickbacks there were, who they went to, and all this stuff.
00:40:50.380
And, again, I don't care about the Hunter Biden.
00:40:52.140
I care about—you know, I care about Victoria Nuland.
00:40:56.180
I care about all of where the money went for the lobbying for that war.
00:41:00.580
Listen, this isn't just about the cash in your pockets.
00:41:02.860
This is about the trail of dead around the world.
00:41:05.500
And we owe it to them, the people who had their lives sacrificed for them.
00:41:17.660
We owe it to the people who have had their lives sacrificed for them by the defense industry.
00:41:26.400
And, by the way, there aren't a lot of people like Kash.
00:41:29.520
Not just in American politics, but in the world.
00:41:36.040
These are people who they look at a document and they instinctively understand where to go and how the dots get connected.
00:41:41.280
And so if you can never, ever allow them to stop that confirmation.
00:41:46.000
And Kash comes at this from eight or ten years, I mean decades and decades.
00:41:50.080
But he was there with Nunez at the very beginning of this.
00:41:52.880
He knows, like I said, he knows the interconnectivity.
00:41:57.920
He knows he's got a very sophisticated way he goes about this.
00:42:03.500
I need fewer, you know, the new ambassadors of the court of St. James.
00:42:14.980
Every single one of these people should be a Kash Patel of their department.
00:42:20.660
Give us your where to go for National Pulse, social media, all of it.
00:42:25.060
Yeah, thenationalpulse.com forward slash war room.
00:42:36.260
You'll see on the left-hand side, for those watching on television, on the left-hand side
00:42:41.520
And I do a member's email every night where I read them into like, hey, here's what I'm
00:42:50.480
We give all kinds of special content over to Rahima team.
00:42:53.220
Thank you very much for her reporting down from West Palm Beach.
00:43:01.540
President Trump threw down hard the other day, told the BRICS, hey, guess what?
00:43:06.140
It's 25% tariff for Mexico if they don't get their act together.
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25% tariff for Canada if they don't get their act together.
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25% tariff for China if they don't get their act together.
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But 100% tariff for you if you try to break the U.S. dollar.
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Field at which you would say the bond vigilantes are back?
00:44:42.000
I mean, look, you interview some of them on TV and they have a view that, you know,
00:44:54.100
We're going to get ahead of it, as we have been, about the capital markets.
00:44:57.800
Now the threat now from the progressive left is, oh, well, we can't do it with the resistance.
00:45:03.660
We can't do it with the governors fighting Trump.
00:45:07.000
We don't have enough stroke in the house, although we're stealing seats.
00:45:10.680
Mark Elias has stolen three seats, I think, out in California, folks.
00:45:14.860
So now they're going to use the capital markets against Trump and Besant,
00:45:18.480
who are really here in Elon and Vivek and all that,
00:45:21.020
to really, where us vote an economic team to actually make rational cuts
00:45:36.540
President Trump says last week, 25% tariffs, not on avocados coming from Mexico,
00:45:50.120
Trudeau comes down and kisses the ring, or as Morning Joe says, kisses, you know, south of the ring.
00:45:58.400
By the way, he tells the BRICS nations, you and I have talked about this all the time,
00:46:01.980
if you're going to mess around here, if you're going to try to get an alternative currency,
00:46:04.760
if you're going to go with the Chinese currency or in the petrodollar,
00:46:08.740
you're going to pay a premium of 100% tariff to get your products into the North American United States market.
00:46:22.840
It was actually a post on X from Donald Trump about the BRICS and the tariffs, as you described.
00:46:29.020
My first thought was, hey, you know, BRICS, not that well understood.
00:46:34.460
That's kind of an interesting mashup of the two.
00:46:36.900
But what Trump actually said, I mean, I have the post in front of me, he says, well, we require a commitment from these countries.
00:46:44.700
They will neither create a new BRICS currency nor back any other currency to replace the mighty U.S. dollar, or they will face 100% tariffs.
00:46:54.840
In fact, the BRICS are actually not working on a new currency right now.
00:46:59.100
Ten years from now, maybe, you know, it took the euro ten years to launch from 1992 to 2000.
00:47:07.420
They are working on a new payment system for the existing currencies, which is different.
00:47:13.700
But there's not really a new currency that's imminent.
00:47:19.600
This goes back to I share that view with Alexander Hamilton and William McKinley.
00:47:23.820
Tariffs have been a big part of the U.S. growth story since 1790, except in recent decades.
00:47:35.880
And the other thing is, you know, the BRICS are not just, you know, we used to talk about the third world or developing economies.
00:47:41.180
The BRICS are about half the Earth's population, 30% of GDP.
00:47:48.780
So they have a lot of ability to kind of go their own way.
00:47:52.000
So I view this as, you know, it's a shot across the bow.
00:47:54.780
It's not anything that's going to happen anytime soon.
00:47:57.920
But the point I make, and this is not understood in Washington or as far as I can tell in the Trump transition team, the BRICS already have a common currency.
00:48:09.200
In other words, let's say, you know, you're Russia and I'm China.
00:48:15.420
I sell you, you know, you sell me oil and I pay you in Chinese yuan.
00:48:23.620
Eventually one side has a big trade surplus relative to the other.
00:48:29.200
Well, with a common currency, it doesn't matter.
00:48:31.320
I can go shopping in Brazil or Turkey or Iran or any place else.
00:48:41.900
You know, the economists say there's not enough gold.
00:48:48.420
But even apart from that, you don't settle on a gross basis.
00:48:57.020
The central banks can pay the local buyers and sellers and local currencies.
00:49:02.520
They could do it quarterly or once a year, et cetera.
00:49:04.540
So their system works fine without a new currency.
00:49:08.060
They do have a currency already, which no one really understands, which is gold.
00:49:12.640
And if I were the United States Treasury, I would be buying gold.
00:49:16.940
Russia and China have quadrupled their gold reserves in the last 15 years.
00:49:22.760
The U.S. has the most gold, so we benefit the most if the price of gold goes up.
00:49:27.280
If I were the Treasury, I would just front run them and buy gold.
00:49:31.660
Isn't the BRICS, as we've said here for the last couple of years,
00:49:34.960
isn't the BRICS, one of their biggest complaints is the drop in purchasing power of the dollar,
00:49:40.960
and that's because of the inflation, the overspending?
00:49:44.380
Isn't Trump's program with Doge and appropriations and trying to get arms around this budget,
00:49:49.980
right, to have cuts and also have at least a smart, you know, reestablishment of the smart tax cuts
00:49:58.600
Once that plan is implemented, once he starts to articulate with the details of the plan,
00:50:04.560
I mean, they're not trying to have another currency, maybe China and some guys behind the scenes,
00:50:09.940
but the principal nations involved in this, at least now,
00:50:13.800
are not looking just to get a currency to combat the United States and take us off the U.S. dollar.
00:50:19.040
It's the principal fact is that the purchasing power of the dollar keeps deteriorating so rapidly,
00:50:24.420
so they're like getting a devaluation all the time.
00:50:28.560
Well, you're right about, obviously you're right about Trump's program.
00:50:34.060
But inflation is actually not their biggest concern.
00:50:36.680
It is a concern, but there are lots of hedges for inflation, starting with gold.
00:50:41.120
But there are many others, natural resources, you know, land, et cetera.
00:50:44.300
Their biggest complaint, and I sat in the Pentagon and White House and explained this to people,
00:50:52.840
And there's a – people kind of take sanctions and tariffs and mash them together.
00:51:03.600
You can – there's a lot of benefits from tariffs, but they are a legitimate economic tool.
00:51:12.120
That's no different than the World Navy blockading France during the Napoleonic Wars.
00:51:20.140
So, you know, I would be all in favor of sanctions for the reason I mentioned.
00:51:23.800
Sorry, in favor of tariffs for the reason I mentioned.
00:51:27.780
So Russia, China, all the BRICS, Brazil, the rest of them,
00:51:31.380
they wouldn't even be thinking about moving away from the dollar.
00:51:35.760
The only reason they're thinking about it is because of the sanctions we put on Russia
00:51:40.320
And by the way, Steve, what you said earlier with your prior guest,
00:51:43.200
Ukraine is sort of the center of gravity for almost every big geo-economic issue in the world.
00:51:48.660
But because of the sanctions, we put on Russia as a result of Ukraine.
00:51:52.840
China, Saudi Arabia, Brazil, and others looked at that and said,
00:51:55.400
hey, if you can do it to Russia, you can do it to us.
00:51:59.920
So all you really have to do is back off from the sanctions war,
00:52:03.320
settle the issue in Ukraine, which is – it should never have happened,
00:52:07.720
And then they'll ease off on the alternative currency.
00:52:10.440
Their concern is not inflation, it's sanctions.
00:52:15.120
The SWIFT system and sanctions, we call it economic warfare.
00:52:22.740
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