Bannon's War Room - Episode 4098： Did The American People Get A Payout; Populist's Power to Take On The System

00:00:00.000 First of all, don't put me in a corner where I never went.

00:00:04.580 I am not saying the Democratic Party is finished and needs to be rebuilt from scratch.

00:00:09.540 You've been talking about some historical parallels.

00:00:12.220 I would draw an analogy, and Joe, you remember, to 1968 when Richard Nixon barely defeated

00:00:23.040 the incumbent vice president who had taken over for the incumbent president who had withdrawn

00:00:29.460 from the race.

00:00:30.920 That was a really close election, but it signaled a change, a big change, which was the end,

00:00:36.800 really, of New Deal liberalism.

00:00:38.540 It didn't happen all at once.

00:00:40.140 It took maybe 12 years until Ronald Reagan swept it away in 1980.

00:00:45.580 But that's where I'm looking, more a trend, which is the trend toward populism, right-wing

00:00:52.720 populism.

00:00:53.480 It's a global phenomenon.

00:00:55.040 Yes, Mika, you're right.

00:00:56.380 It's been coming in this country for eight years.

00:00:59.480 But the fact that Donald Trump won again, despite being pretty unpopular, despite having tried

00:01:07.340 to overthrow an election, despite being a convicted felon, tells me that that trend, that sentiment

00:01:14.360 in the public to get rid of old institutions, to overthrow the status quo, it's a really strong

00:01:20.380 one, strong enough to re-elect this, I would say, degenerate felon. 0.95

00:01:26.340 And Democrats would be foolish not to look at that and say, we may be defending a status 0.98

00:01:32.480 quo that the country has had enough of. 0.87

00:01:35.620 This is the primal scream of a dying regime.

00:01:43.420 Pray for our enemies, because we're going medieval on these people.

00:01:48.620 I got a free shot at all these networks lying about the people.

00:01:52.880 The people have had a belly full of it.

00:01:54.780 I know you don't like hearing that.

00:01:56.220 I know you've tried to do everything in the world to stop that, but you're not going to

00:01:58.440 stop it.

00:01:58.900 It's going to happen.

00:01:59.960 And where do people like that go to share the big lie?

00:02:03.580 MAGA Media.

00:02:04.480 I wish in my soul, I wish that any of these people had a conscience.

00:02:10.420 Ask yourself, what is my task and what is my purpose?

00:02:14.120 If that answer is to save my country, this country will be saved.

00:02:20.480 War Room.

00:02:21.320 Here's your host, Stephen K.

00:02:23.400 Bannon.

00:02:25.560 Three, two, one.

00:02:28.040 Welcome.

00:02:30.600 It's Tuesday, 3 December, Year of Our Lord, 2024.

00:02:33.580 Of course, Morning Joe always gets it wrong.

00:02:38.240 There actually is a right-wing populist movement in this country, and it's been going on since

00:02:44.100 the Tea Party.

00:02:44.800 Actually, before then.

00:02:46.620 They also get wrong the 1968 election because there was another candidate in the race, Hubert

00:02:54.580 Humphrey in the New Deal, got, or not just New Deal liberalism, but Great Society liberalism

00:03:00.860 started to get blown out, starting in 68.

00:03:04.380 But here, this started, sir, not eight years ago.

00:03:07.460 President Trump delivered a hammer blow eight years ago.

00:03:12.660 It started with the 2008 financial crisis.

00:03:15.820 The 2008 financial crisis that was brought on by the elites of this country who have never

00:03:21.360 been held accountable for it.

00:03:23.520 Did you get a bailout after 2008?

00:03:25.440 No, you did not.

00:03:26.920 Did the elites get a bailout in 2008?

00:03:29.140 Yes, they did.

00:03:29.760 On the day that Lehman Brothers collapsed back in 2008, John McCain and Barack Obama were

00:03:37.500 tied in the Gallup poll.

00:03:39.860 Actually, McCain might have been up slightly, McCain and Sarah Palin.

00:03:44.700 Of course, McCain held his call, you know, put his campaign on abeyance, went to D.C., looked

00:03:51.380 like a buffoon, didn't know what he was doing, then eventually kind of got blown out by Barack

00:03:56.000 Obama, because people wanted what? 0.98

00:03:57.780 What did they want?

00:03:59.320 Repeat after me, they wanted hope and change.

00:04:03.380 Remember, Obama had run as an anti-war populist against the Clinton machine in the primary,

00:04:08.220 the previous winter and spring.

00:04:11.260 And that's what people were backing.

00:04:12.680 They wanted change.

00:04:13.660 And when they saw the bailouts, they saw the financial collapse, they saw Wall Street,

00:04:16.860 the greedy oligarchs on Wall Street, once again, doing what greedy oligarchs on Wall Street 0.54

00:04:21.620 do, which is rape and pillage the American people. 0.99

00:04:28.180 They want to change.

00:04:29.640 They didn't get it immediately, because Obama, in that regard, was way over his head.

00:04:34.340 Geithner and Bernanke and Hank Paulson, all that crowd, right, were able to get around.

00:04:39.900 And, of course, Hank Paulson was the failed Secretary of Treasury of Bush, who kind of brought

00:04:45.800 it on, Bush, the worst president in the United States, except for President Buchanan, right

00:04:53.160 before the Civil War.

00:04:54.680 So there is a populist movement, a populist movement worldwide.

00:04:58.240 I've been very honored to be a small part of that, to keep that going on a worldwide basis.

00:05:04.980 And, in fact, we're going to speak later today.

00:05:07.320 Le Pen, speaking of right-wing, Front National, or National Assembly, whatever they call themselves

00:05:13.920 now, is about to bring down the French government and Parliament, at the same time Macron is

00:05:19.620 sitting there begging President Trump to come and hang out for the weekend.

00:05:24.040 Yes.

00:05:25.380 As President Trump goes and shows, he's the defender of the Judeo-Christian West by being

00:05:30.840 at the opening of Notre Dame Cathedral, the reopening.

00:05:34.200 And, of course, the Pope Francis, beneath him, it's not a synod on synodity or whatever

00:05:40.340 the madness they call that.

00:05:42.740 It's not celebrating some pagan religion in the Amazon River.

00:05:47.920 So, obviously, the Pope's not going to be there for that.

00:05:51.340 But President Donald Trump will be quite impressive, quite impressive.

00:05:56.260 If you're going to miss the, I guess he's not going to miss the Army-Navy.

00:05:59.660 Maybe we can get him to Army-Navy because Biden won't go.

00:06:01.460 Right-wing populism, to get it wrong, it's from 2008.

00:06:07.760 The fuse that was lit in the Oval Office of Bush made sure, insured, that was in September

00:06:14.740 2008 when the collapse really took place, insured Obama's presidency, but ultimately

00:06:21.300 insured a right-wing response to that, as always happens in a financial collapse.

00:06:27.440 And here we are today with President Trump coming back.

00:06:30.940 By the way, his third victory, let me repeat that, his third victory for getting ready for

00:06:35.880 a second term.

00:06:36.720 Of course, in the second term, what are they going to do?

00:06:38.720 They're trying to steal the second term, even as we speak. 0.86

00:06:41.760 And this is why I keep saying, folks, it's fixed bayonets.

00:06:46.160 Let's get up out of the trenches right now.

00:06:49.980 We have to, because in every way, they're trying to, in three ways, we're going to have

00:06:55.220 today, Jim Rickards is going to join us, Raheem Gassam is going to join us, Jack Basova is

00:06:58.840 going to join us, Jason Trenard.

00:07:01.160 We're going to have a couple of three of those in studio in West Palm Beach.

00:07:04.880 We're going to be down here in Palm Beach, I think for the week, maybe a little bit in

00:07:09.260 the next week.

00:07:09.800 We'll have to see how, we'll figure it out, how this plays.

00:07:11.740 But you're seeing right now an absolute resistance to President Trump, what he's trying to do,

00:07:19.020 the war, and this is where we're having Basovik on.

00:07:21.120 The situation in Ukraine announced overnight, the Biden administration went out yesterday

00:07:25.860 and said, hey, you've got to raise 500,000 combat troops, you have to have a draft, you

00:07:29.180 must do it now, now, now, now.

00:07:31.300 And what happens?

00:07:32.880 You're seeing the desertion, I think 200,000 combat troops have either failed to report for

00:07:38.400 duty after taking leave, are deserting the front as the Ukrainian front collapses in

00:07:44.220 front of a Russian offensive, only to make President Trump's situation and his ability

00:07:50.700 to negotiate a peace deal that much harder.

00:07:53.900 Of course, you've got the situation in Syria just announced, South Korea has declared martial

00:07:58.420 law.

00:08:00.240 We're going to figure out what that's about.

00:08:02.760 As Biden yesterday cut off, which I agree with, cut off the Chinese government's

00:08:08.400 Chinese party from really access to advanced chips, I would actually make the analogy, 0.92

00:08:12.680 folks, that this may be equivalent to cutting off imperial Japan from oil in the late 1930s.

00:08:20.300 Think around 1938, 39.

00:08:22.900 I think it's the real embargo really kicked in in 40 and 41.

00:08:28.200 The third world war is upon us, and they're trying to box in President Trump from various

00:08:33.780 alternatives.

00:08:34.460 Also, we're going to talk about the bond market.

00:08:37.460 This has been coming up, you know, the bond vigilantes.

00:08:41.060 They're hearkening back to people that hate President Trump, hate the populist movement,

00:08:44.720 the Wall Street oligarchs saying, oh, the bond market's going to save the progressive left.

00:08:49.140 That what happened to Liz Truss is going to happen to Donald Trump.

00:08:52.640 Well, guess what?

00:08:54.500 That's the exact opposite.

00:08:56.120 President Trump is quite savvy.

00:08:57.680 Scott Bessent knows capital markets.

00:09:00.240 We're going to have Jason Trennan here.

00:09:01.300 We're going to walk through that, why this is the new angle of attack they're making on

00:09:06.500 the situation in the bond market.

00:09:08.840 I told you they're going to try to jam up President Trump for making the cuts he's got

00:09:12.380 to make.

00:09:13.600 Of course, The Economist, The Economist is out today with a huge article.

00:09:19.540 You know what?

00:09:19.780 They blame America.

00:09:21.340 I'm not making this up, folks.

00:09:23.000 You can't make it up.

00:09:24.840 You know what they blame the deficits on?

00:09:26.200 You know what they blame the spending on?

00:09:27.580 In fact, we're The Economist.

00:09:28.840 Remember, The Economist and Financial Times of London are both from the same company.

00:09:33.180 And one's the magazine, the other's the newspaper.

00:09:36.420 And they're kind of the People magazine.

00:09:38.800 They're the magazine and newspaper of the global financial elite in the world that kind

00:09:44.060 of run the deal.

00:09:45.900 Today, a huge, huge, huge piece that we'll break down probably tomorrow when we have time.

00:09:51.140 And that is that the cause of all this is veterans' benefits are too good.

00:09:55.420 We're paying the combat veterans, particularly the ones that fought in Iraq and Afghanistan.

00:10:00.500 They've got it too good.

00:10:01.700 It's just too crazy.

00:10:02.780 It's too over the top.

00:10:04.940 Remember, the global elites, what they're, and particularly in the United States, the

00:10:09.280 wealthy, here's what they're maniacally focused on.

00:10:11.420 The little $1,200 you get from Social Security, the care you get for Medicare, what you worked

00:10:17.120 your entire life and supported this entire apparatus.

00:10:19.440 They're obsessed with that.

00:10:22.960 They're obsessed at taking that away from you because you're the, you're the problem.

00:10:26.800 Now it's veterans' benefits.

00:10:28.780 Veterans' benefits.

00:10:30.680 People that volunteer to serve the country.

00:10:33.220 Something the economist folks never did.

00:10:37.060 Nope.

00:10:37.300 Global elites, but you're the problem. 0.74

00:10:41.720 As we get into this about setting our financial house in order, economic house in order, don't

00:10:47.660 think they're just going to roll over and say, okay, I got it.

00:10:49.740 Let's have tax. 0.97

00:10:50.420 Let's have populist tax cuts. 0.52

00:10:51.900 Let's have cuts on Social Security.

00:10:53.240 Let's have cuts on overtime. 0.91

00:10:54.720 Let's have cuts on tips.

00:10:56.000 Let's do all that.

00:10:57.220 Let's have all those cuts. 1.00

00:10:58.320 Let's do it.

00:10:58.920 And, and yes, that money go back to the people, put discretionary income in their pocket, and

00:11:05.380 they'll get the blessings of liberty as we deconstruct the administrative state.

00:11:08.580 No, no, no, that's not going to happen.

00:11:11.120 You are the problem to them.

00:11:13.160 And now you're the real problem because you've risen up and had the back of Trump.

00:11:18.500 And so Trump's a disruptor, and Trump has nominated people like Pete Hegseth over defense and Cash

00:11:26.440 Patel at the FBI and Bobby Kennedy at HHS going after the military industrial complex, the legal

00:11:32.780 intelligence complex, the biopharmaceutical medical complex.

00:11:38.200 That's not what they want.

00:11:39.660 They control those.

00:11:40.620 They make a lot of money, and they put you in servitude.

00:11:44.640 New stories out today saying how Generation Z, in Axios of all places, Generation Z saying,

00:11:51.860 hey, we're tired of being Russian serfs, and we don't like a future that says we're going 1.00

00:11:57.780 to be Russian serfs.

00:11:59.240 We want to throw this over.

00:12:01.040 We are at the beginning of a populist takeover of this country, and they hate it.

00:12:08.460 But trust me, folks, they're not just going to sit there and go, oh, this is terrific.

00:12:11.420 You got Trump, you got Bannon, you got Tucker, you got others, yeah, all these guys screaming

00:12:16.840 populism, this, populist, that.

00:12:18.580 No.

00:12:19.580 These people get a little taste of it.

00:12:21.000 The American people get a little taste of it.

00:12:22.580 Civilians get a taste of it.

00:12:23.640 Citizens get a taste of it.

00:12:25.680 African-American and Hispanic community get a taste of it.

00:12:29.140 A power, real power.

00:12:31.600 Power to take on the system.

00:12:33.180 Power to dismantle the system.

00:12:34.820 Power that Republicans talked about for 30 and 40 years, and even to the revered Ronald

00:12:44.720 Reagan, who I was the official filmmaker out at the Reagan ranch for many years.

00:12:49.400 I revere President Reagan, but President Reagan, even President Reagan, could never

00:12:52.980 get control of the apparatus.

00:12:54.940 He couldn't.

00:12:55.520 Part of that was Jim Baker and the Bush people taking over the second term.

00:12:59.740 And Nancy Reagan kind of putting her folks in there in the first term. 1.00

00:13:04.980 Now you have the ability to deconstruct the administrative state.

00:13:10.300 And you think they're going to sit there and go, oh, this is terrific.

00:13:12.700 We got a bunch of people breathe through their mouths and wear bib overhauls. 1.00

00:13:16.700 Right?

00:13:17.120 And they're going to tell us what to do.

00:13:18.560 They're going to tell the credential class what to do.

00:13:20.460 Look at Trump's, look at the demographics.

00:13:22.140 These people, they're high school graduates.

00:13:25.020 Someone didn't graduate from high school.

00:13:26.300 They're not the credential class.

00:13:29.680 You know, your betters, your betters are just not going to sit there and go, oh, this

00:13:34.380 is terrific.

00:13:36.560 Let's, let's just allow the backbone of America, the grit and determination, the folks that make

00:13:42.200 it happen.

00:13:43.720 Let them have a say so in the direction of this government, the size of this government

00:13:48.240 and what Leviathan's supposed to do and not supposed to do.

00:13:52.120 You think they're just going to sit there and say that?

00:13:53.680 They are not because now they identify that you are the problem.

00:13:58.600 If you're a veteran, you get too many benefits.

00:14:02.120 Right?

00:14:02.540 If you're a worker, you've got, you've got, you're getting too much pay.

00:14:08.060 So we're going to take a commercial break.

00:14:09.780 Mike Davis is with me.

00:14:12.020 We've got Mike Davis going to talk about where they're all over Mike Davis.

00:14:15.520 We're going to talk about where we stay in the nominations process.

00:14:18.260 Cash had a good day.

00:14:19.460 Hexas starting to get a little traction, but they're coming after him hard. 1.00

00:14:23.760 Scott Besson's up on Capitol Hill tomorrow.

00:14:26.560 Raheem Kassam's in the house.

00:14:27.820 Jack Posobiec's in the house.

00:14:28.920 Jim Rickards is going to join us.

00:14:30.840 All of it.

00:14:32.200 Short commercial break.

00:14:33.120 Be back in a moment.

00:14:33.840 Big victory on 5 November.

00:15:02.220 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.

00:15:11.140 Hey, you think the country's broke?

00:15:12.680 The country is broke.

00:15:13.700 We're just printing money to keep this house of cards going.

00:15:17.440 The strategy remains the same for you.

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00:16:19.900 The government and serious are people like Kash Patel and the inner circle with Donald Trump

00:16:24.760 to literally do show trials of former Trump administration officials who irritated Trump

00:16:31.420 by telling the truth about January 6th, of investigating, you know, fake conspiracy theories

00:16:36.220 that Kash Patel apparently believes in, QAnon, et cetera.

00:16:39.280 How serious are they about doing that sort of thing in your reporting?

00:16:43.840 Yeah, look, I think they are very serious.

00:16:46.080 The idea is Democrats came after us, so we're going to come after them.

00:16:50.120 And even if these prosecutions or investigations don't end up concluding the way they want,

00:16:55.400 for them, that is not the purpose anymore.

00:16:57.800 It's so that all sorts of people connected to the January 6th world, you know, to Jack

00:17:02.960 Smith's cases.

00:17:04.640 And the idea is that they have to lawyer up, spend a lot of money on legal fees and get

00:17:08.640 dragged through grand juries and kind of litigation battles in courts.

00:17:12.760 That is the idea.

00:17:14.100 And you can kind of see how this is metastasized over time because Kash Patel, yes, is loyal to

00:17:20.080 Trump and is ideologically aligned to Trump.

00:17:22.040 But he is also ideologically aligned with people like Steve Bannon, people like Mike Davis.

00:17:26.740 You know, you played a lot of these clips of War Room at the top of the show.

00:17:30.000 And I thought that was actually a really good reflection of where Trump world is when it

00:17:35.100 stands with Kash.

00:17:35.960 Kash's allies, Bannon, Mike Davis, big time.

00:17:39.420 Now, Kash has its attractors inside Trump world as well.

00:17:42.760 People close to Suzy Wilde, people close to the incoming vice president, J.D.

00:17:49.640 Vance.

00:17:50.180 And they were like, well, you know, Kash is kind of out there even for us.

00:17:53.180 But their reaction to Kash getting picked was, well, you know what?

00:17:57.140 Liberals bought it on themselves.

00:17:58.760 And so I don't know that there's going to be a concerted effort to try and stop Kash

00:18:03.000 to do whatever he wants to do if that is what it comes to.

00:18:07.400 Wow.

00:18:08.020 Hugo Lowell.

00:18:10.060 Of The Guardian, Hugo is one of the best reporters.

00:18:13.080 Did I hear Suzy Wilde and J.D. 0.92

00:18:14.760 Vance not on the Kash train?

00:18:17.220 Did I hear that?

00:18:19.920 Kash is getting confirmed.

00:18:21.380 For those of us who have been in this struggle for years and years and years and years,

00:18:28.200 Kash Patel is going to get confirmed.

00:18:30.020 We need Kash Patel.

00:18:31.900 Kash Patel has been here from the very beginning with Devin Nunes.

00:18:35.540 Kash Patel knows over the FBI.

00:18:37.880 He knows where the bodies are buried and how much dirt's on top of each one.

00:18:45.060 Mike Davis, Hugo Lowell, give me a shout out there.

00:18:47.780 They play a bunch of clips from War Room prior to that.

00:18:50.620 But Semaphore is reporting, Ben Smith and the team over at Semaphore are reporting that

00:18:56.260 Kash is getting actual real traction in the Senate.

00:19:00.120 Mike Davis, you know the Senate better than anybody.

00:19:02.820 You're a professional doing these confirmations.

00:19:04.940 Talk to me about Kash Patel, the Senate, what they're going to look for and what are the

00:19:08.660 probabilities of this, sir?

00:19:10.620 I told President Trump we're going to confirm Kash Patel with Steve Bannon in the War Room,

00:19:17.420 along with the Article 3 project, and that's what we're going to do.

00:19:20.480 Kash Patel is highly qualified for FBI director.

00:19:26.100 He's been a public defender.

00:19:27.640 He's been a national security prosecutor.

00:19:29.480 The Obama Justice Department gave Kash Patel one of its awards because he's such a good

00:19:35.040 national security prosecutor.

00:19:37.340 He works for Nunes on House Intel in a senior post, National Security Council in the White

00:19:43.240 House, director of national intelligence office in a senior post, chief of staff at the Pentagon.

00:19:48.200 He's clearly qualified to serve as President Trump's FBI director.

00:19:54.120 So if he is qualified, a qualified senior presidential nominee should presumptively get confirmed in

00:20:03.340 the Senate, particularly by 53 senators in the president's own party, unless that nominee

00:20:09.720 is disqualified because of his personal misconduct.

00:20:14.000 And that has to be proved by the opposition with clear and convincing evidence.

00:20:18.900 We're not having the Christine Blasey Ford, me too, presumption of guilt.

00:20:23.240 We got rid of that nonsense with Justice Kavanaugh's confirmation, you're welcome, America, from

00:20:28.280 me.

00:20:29.020 And we're not going to do that with Kash.

00:20:31.720 He has nothing in his background that's going to be disqualifying.

00:20:34.440 He's had the highest security clearances in the past.

00:20:39.120 He's had TS, top secret, SCI, secure compartment and information, SAP, special access programs

00:20:46.820 of the DOD.

00:20:48.080 He is thoroughly vetted.

00:20:50.660 He's thoroughly qualified.

00:20:51.900 And he is going to be President Trump's next FBI director, as I promised President Trump.

00:20:58.780 And the Article 3 project and the War Room posse are making damn sure that happens. 0.85

00:21:03.420 I want to make sure right now, where do people go for Article 3?

00:21:08.400 Grace has got the bill blaster. 1.00

00:21:10.580 We need all hands on deck on this.

00:21:12.580 We need all hands on deck on these nominations and these appointees.

00:21:15.980 President Trump's picked his team.

00:21:17.400 Hey, I'm not crazy about a couple, three of them.

00:21:19.700 Not at the top levels.

00:21:20.920 I love all the cabinet secretaries.

00:21:23.500 A couple that kind of surprised me.

00:21:24.840 But hey, President Trump gets his, like I say, got shot in the head, won a landslide four

00:21:28.940 months later.

00:21:29.560 The guy gets to pick who he's going to pick, right?

00:21:31.260 And you've got to just fix bayonets, get up over the trench, and let's get moving.

00:21:35.780 Where did they go for Article 3 right now?

00:21:37.380 I'm going to turn to Pete Hegseth.

00:21:38.720 I'm booting up a little thing from Rachel Maddow last night for you, Mike Davis.

00:21:43.480 But where do people go right now to assist?

00:21:45.680 Because, posse, remember, you were the hoplites.

00:21:50.000 You were the soldiers in the field on the mass mobilization for the turnout and for the

00:21:57.260 election integrity, which you guys all trained up for.

00:21:59.520 It's magnificent.

00:22:00.020 Now we're back for the second bite of the apple, which we've got to get President Trump's

00:22:04.120 team over the top and confirmed.

00:22:08.020 So, Mike, where do people go today that want to participate?

00:22:12.380 Article3project.org.

00:22:13.460 Article3project.org.

00:22:15.440 Take action.

00:22:16.800 And then you see Kash Patel there.

00:22:18.340 You click on that.

00:22:19.620 And that will help you contact via phone both of your home state senators.

00:22:24.440 Send them emails.

00:22:26.220 Light them up on social media.

00:22:27.600 Remember what the war room posse was able to do on Ketanji Brown Jackson's confirmation.

00:22:34.900 They thought this would be a huge win.

00:22:37.600 And they confirmed her and ran off and hit after the war room posse lit up the Senate.

00:22:43.600 Let's put that effort on steroids for Kash Patel. 0.62

00:22:47.300 This is the most important nomination.

00:22:49.540 This is how we're going to destroy the deep state, reform the FBI, destroy the deep state,

00:22:55.700 and actually bring justice for this republic-ending lawfare against Trump, Bannon, Navarro, Trump's

00:23:02.640 January 6th supporters who were persecuted, parents, Christians.

00:23:06.180 Let's go all in on Kash Patel.

00:23:08.680 Only Kash.

00:23:09.460 Can we go ahead and play the clip of Rachel Maddow on Jane Mayer last night talking about Pete Hegseth.

00:23:18.680 Can we go ahead and play that?

00:23:20.440 The other thing I'd like to say is just that it's been almost a day since this story came out

00:23:25.240 and my phone has been ringing off the hook.

00:23:27.340 I have been hearing from many more people who worked with Pete Hegseth who have come out of the woodwork to say

00:23:36.180 they, too, have stories along the same lines, stories of just drinking himself into sort of oblivion,

00:23:44.520 all of which I think is, you know, I mean, I've got nothing against people having a good time in life,

00:23:50.420 but it's when you combine it with running the Defense Department that it really does get to be an alarming picture.

00:24:00.060 Okay, Mike Davis, you've done this long enough to know.

00:24:02.620 That's Jane Mayer.

00:24:03.200 Jane Mayer did a oppo dump, and we had Matt Bull on yesterday with you,

00:24:07.440 and Matt Bull said, hey, a lot of this was kind of unconfirmed.

00:24:10.120 They took it from a guy who, I guess, had replaced Pete or was, you know,

00:24:14.020 in these organizations you always have these kind of tensions, some email, a lot of questions about it,

00:24:18.320 but it's a long report.

00:24:20.700 Mika did a dramatic reading yesterday of the email that Pete's mom sent,

00:24:26.740 but then 24 hours later she said, hey, I didn't mean to send it to you.

00:24:29.840 I was just blown off steam.

00:24:31.520 But Jane Mayer went on Rachel Maddow, and remember, Rachel Maddow is the railhead of all of it.

00:24:37.740 That's why she's Monday night for one hour. 1.00

00:24:39.380 That's why she gets paid $25 million a year. 1.00

00:24:43.120 I'm not making that up, folks.

00:24:45.340 That's why they're spinning off MSNBC. 0.56

00:24:46.820 So, Mike, Jane Mayer just put a shot across the Senate to say, 0.98

00:24:51.820 don't be rubbing up on Pete Hegseth because I got a lot more coming.

00:24:55.960 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.

00:25:03.220 Besson's getting traction.

00:25:04.620 We know we're getting some traction of these.

00:25:06.520 They're trying to call Pete from the herd, right, Alinsky 101.

00:25:11.280 Walk us through it.

00:25:12.060 So, again, the president's qualified nominee should presumptively get confirmed by the Senate,

00:25:19.820 particularly by the president's own party.

00:25:22.680 There's no question that Pete Hegseth is qualified to be the Pentagon secretary.

00:25:28.660 Just look at his background.

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?

00:25:38.620 And that means that people who say he's disqualified have to come forward with clear

00:25:44.120 and convincing evidence that he's not capable to do the job.

00:25:48.840 And remember, with this confirmation process, we're not canonizing saints.

00:25:53.400 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.

00:26:06.900 The Senate shouldn't tell the president who should be in his cabinet unless that cabinet pick is either unqualified or disqualified.

00:26:14.440 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. 0.84

00:26:44.700 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. 0.79

00:26:53.920 Last thing, because their fallback position is he's unqualified.

00:26:59.360 In your professional opinion, Mike Davis, is Pete Hegseth qualified professionally to be the secretary of defense, sir?

00:27:08.660 Oh, wait.

00:27:09.060 So let's get this straight. 0.99

00:27:10.760 We have a mentally ill man as the Surgeon General of the United States. 0.97

00:27:15.900 He's somehow qualified. 1.00

00:27:17.260 He doesn't know what the hell – if he's a man or a woman, he should be in a nut ward. 0.99

00:27:21.160 But Pete Hegseth, who fought in wars for the United States, who's been in our military, he's somehow not qualified.

00:27:28.220 Are you kidding me?

00:27:29.340 Like he's clearly qualified to serve as the secretary of defense.

00:27:33.860 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.

00:27:43.900 30 seconds.

00:27:44.940 Where do they go for Article III, brother, to fix bayonets?

00:27:47.540 Article 3project.org, Article 3project.org.

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.

00:27:59.220 We are not going away for four more years.

00:28:02.460 So follow us, donate. 0.92

00:28:04.780 Yeah.

00:28:05.740 1,000 Senate confirmed and plus a ton of hundreds of judges.

00:28:09.940 Maybe a couple of three Supreme Court picks.

00:28:11.800 Mike Davis, thank you, brother.

00:28:12.920 Raheem Kassam in the House.

00:28:14.740 Next.

00:28:17.540 It's obvious.

00:28:21.380 The unthinkable continues.

00:28:22.980 Most Americans know something is very, very wrong.

00:28:27.340 The people in charge keep telling you that everything's fine and to stop noticing.

00:28:31.360 But you know better.

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00:29:29.200 Action, action, action.

00:29:31.440 Here's your host, Stephen K. Vann.

00:29:34.840 Okay, we're really jammed up.

00:29:37.000 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.

00:29:47.820 I've got Jack Posobiec.

00:29:48.840 We've got the Ukraine war.

00:29:49.860 It's a lot going on.

00:29:51.360 Raheem joins me.

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?

00:30:35.060 Yeah, by the way, I want to start with this.

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.

00:30:44.900 It works for us.

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.

00:31:05.300 The signal, not the noise.

00:31:06.760 The signal is that he's nervous enough, they're all nervous enough, that they went back to January 2014.

00:31:12.300 Somebody said it was 10 years.

00:31:13.520 I said, well, hang on.

00:31:14.280 This thing right now is 11 years, right?

00:31:16.360 So it can't just be 10 years.

00:31:18.340 So walk me through.

00:31:19.320 Why is that?

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.

00:31:25.980 He's just not. 0.95

00:31:27.080 He's a little boy mentally. 0.86

00:31:29.540 Prison's meant to break you.

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.

00:31:36.140 So I can understand doing that.

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.

00:31:49.140 FYI.

00:31:50.040 So, you know, some people –

00:31:51.740 Not the best.

00:31:52.260 Some people will get that.

00:31:53.260 Not the best.

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?

00:32:05.120 Why is that?

00:32:06.220 It is.

00:32:06.680 It's the center of gravity of modern politics.

00:32:09.140 Why is that?

00:32:09.660 Because it was white Iraq. 0.98

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.

00:32:17.680 This is why they don't want him as Hekdeff.

00:32:19.240 This is why they're so desperate to stop it because he's not going to do that.

00:32:22.320 He's not interested in that.

00:32:23.280 He's not interested in propping up the stock price of the defense companies.

00:32:29.720 And you go back.

00:32:31.820 I welcome the Hunter Biden pardon for two reasons.

00:32:34.140 Number one, it gets us right back to Ukraine.

00:32:37.080 It gets us right back to all the dodgy deals.

00:32:39.040 And I don't care particularly.

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.

00:32:47.160 He's got that great book out.

00:32:47.920 But at this point, you have to take my word for it.

00:32:49.600 I don't care about Hunter Biden himself.

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.

00:33:02.300 All J6. 1.00

00:33:02.740 All J6. 1.00

00:33:03.520 All J6. 1.00

00:33:03.960 All done immediately.

00:33:04.800 By the way, and plus, okay, others as well.

00:33:07.740 Yes.

00:33:08.200 We're caught up in that.

00:33:08.980 The people who have been prosecuted.

00:33:10.380 No, no.

00:33:10.780 Alternate electors.

00:33:11.840 All of this stuff.

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.

00:33:18.240 I take that deal every day.

00:33:19.600 Yes.

00:33:19.900 Hunter Biden for all of those people's freedom.

00:33:21.500 I take that deal every day.

00:33:22.420 Yes.

00:33:23.060 We must deliver it.

00:33:25.080 Talk to me how that connects.

00:33:26.420 I got records on here.

00:33:27.700 We got so much about Ukraine.

00:33:31.240 But walk me through right now.

00:33:32.340 Trump is en route.

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.

00:33:45.100 Walk me through what's happening.

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.

00:33:56.900 Yes, I saw you.

00:33:58.980 Whether it's...

00:33:59.160 Sir Keir has got an advanced team.

00:34:01.580 His landing team is here.

00:34:02.800 Oh, yeah.

00:34:03.940 And what are they doing?

00:34:04.800 What's the pitch Labour's going to make to Trump?

00:34:07.360 Please.

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.

00:34:12.780 Yeah.

00:34:12.960 What do you think?

00:34:13.340 I'm not running it from here.

00:34:14.000 The Labour Party guys, Macron, you know, you saw it with Trudeau.

00:34:19.640 Everyone's kissing the ring now.

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.

00:34:28.240 Extremely 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.

00:34:38.780 I mean, for France, that's everything.

00:34:40.020 That is France right there.

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.

00:35:04.740 He has to tell him, I'm still in charge.

00:35:06.520 I promise you I'm still in charge.

00:35:08.240 That's what that's all about.

00:35:09.300 Because, you know, the French love to riot. 1.00

00:35:11.860 They love to burn the cars.

00:35:13.140 They love a good riot. 0.83

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?

00:35:21.920 Right.

00:35:22.940 And there will be riots.

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. 1.00

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.

00:35:44.380 People are supporting that nonstop.

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.

00:35:57.560 It's totally coming home to roost.

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?

00:36:08.900 This is money that disappears.

00:36:09.800 That they redirect to other countries to get everybody to buy it.

00:36:13.280 It goes to Bulgaria and it goes to Turkey.

00:36:14.800 To Italy.

00:36:15.340 It goes to Ukraine and all of this stuff, right?

00:36:17.640 Yeah.

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. 1.00

00:36:27.340 What the heck is going on here?

00:36:28.760 Right.

00:36:29.080 Like, I can't make mortgage payments.

00:36:30.820 We're sending this money to Romania.

00:36:32.440 What are you talking about?

00:36:33.420 Right.

00:36:33.760 And even the Germans are at it now. 0.99

00:36:35.520 Even the Brits.

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?

00:36:45.580 To have another election.

00:36:45.960 It has to be debated.

00:36:47.000 You don't have to have the election, but you have to debate it in parliament, right?

00:36:49.240 You have to debate it in parliament.

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.

00:36:56.840 You're very close to the confirmation process.

00:36:59.760 Tell me where do you think we stand, particularly the Trina Alinsky-Pete Hexeth.

00:37:03.680 Yeah.

00:37:04.080 Right?

00:37:04.500 Yeah.

00:37:04.820 And we've got to double down on Pete.

00:37:06.520 And I keep saying, hey, let's get it all out.

00:37:09.160 Whatever information – don't let Jane Mayer on Rachel Maddow be giving threats.

00:37:13.200 You're going to put a shot across our bow?

00:37:14.660 Okay, baby. 0.52

00:37:15.720 Give it to us.

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.

00:37:25.420 And they got a big W with that.

00:37:28.080 They got a huge W.

00:37:29.080 And now –

00:37:30.060 McConnell got a huge W.

00:37:31.260 Yeah, but McConnell and Maddow are one and the same in this process.

00:37:35.000 Why is that?

00:37:35.780 Why is that?

00:37:36.220 You can't separate these people.

00:37:37.180 Why is that?

00:37:37.540 Because they don't want MAGA.

00:37:39.480 They don't want America to be great again.

00:37:41.300 They oppose everything.

00:37:44.160 It's threaded into them.

00:37:45.560 It's woven into their spirits that they actually oppose that stuff.

00:37:48.880 Well, they're the controls of the system.

00:37:50.420 They're the controls of the system.

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.

00:38:01.200 I would have told him stick at it.

00:38:02.900 Go through that Senate confirmation.

00:38:04.500 Make them come to you.

00:38:05.940 Make them throw the questions at you.

00:38:07.760 Force the issue.

00:38:09.860 I'm also a little negative about this.

00:38:13.380 I'm pessimistic about Pete.

00:38:14.960 I think people really, really need to get their shoulder to the wheel on this.

00:38:17.840 You've got to be lighting your senses up.

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.

00:38:34.820 It's his prerogative.

00:38:35.500 It's his prerogative, right?

00:38:36.960 But otherwise, it is push and let's get it over the top.

00:38:40.420 Yeah, I think so.

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.

00:38:59.900 But the man is qualified, like actually.

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.

00:39:15.000 I keep saying they've got to flood the zone.

00:39:16.600 What about getting everybody up there in the first or second week of January?

00:39:20.420 All the nomination processes.

00:39:22.040 Yeah, absolutely.

00:39:22.380 Because they're saying now, well, maybe we want the national security guys and maybe cash comes later.

00:39:26.920 Give me your assessment of cash.

00:39:28.120 Do it all.

00:39:28.620 Flood it.

00:39:29.040 Cash is just brilliant.

00:39:30.280 I mean, he is just a brilliant person.

00:39:31.680 He's a brilliant mind.

00:39:32.320 He's a brilliant man.

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.

00:39:37.800 But he's a hard worker.

00:39:39.880 Like he puts his shoulder on the way.

00:39:41.000 He actually gets down and dirty into the documents.

00:39:43.520 He understands these things instinctively.

00:39:46.080 It's like it's almost savant-like, right?

00:39:48.800 And you have to have that kind of character.

00:39:50.260 Talk about that.

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.

00:40:02.400 Cash is the only person in the film.

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.

00:40:09.480 We walk through the entire thing.

00:40:10.880 It's not a hit list.

00:40:11.660 He actually walks you through the deep state.

00:40:14.200 But talk to me when you say he's savant-level on understanding this.

00:40:17.340 Totally disagree.

00:40:18.040 It's a hit list, and we're coming for you.

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.

00:40:26.980 So, you know, he's—

00:40:28.480 Anybody that comes back and says anything to get a hit list, right?

00:40:31.160 So that's all MSNC right now.

00:40:32.020 You're down on the hit list.

00:40:32.980 Love it.

00:40:33.740 Congratulations.

00:40:34.640 You've earned your spot in infamy.

00:40:37.420 But, look, again, let's go back.

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.

00:40:54.780 I care about all that class of people.

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.

00:41:08.160 What do you mean by that?

00:41:08.660 What do you mean by that?

00:41:09.580 Sacrificed for them, right?

00:41:10.240 You mean the one million dead in Ukraine?

00:41:13.380 Yes.

00:41:13.900 Yes.

00:41:14.240 That's human life at the end of the day.

00:41:15.800 And we are the pro-life people.

00:41:17.660 We owe it to the people who have had their lives sacrificed for them by the defense industry.

00:41:23.020 And that needs to be investigated.

00:41:24.540 And Kash Patel and a whole host of others.

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.

00:41:31.960 Amen.

00:41:32.180 You've got your Darren Bees.

00:41:33.720 You've got your Kash Patels.

00:41:35.020 You've got your Nathalie Winters.

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.

00:41:56.000 He knows where the bodies are buried, right?

00:41:57.920 He knows he's got a very sophisticated way he goes about this.

00:42:00.780 This is why they're firestormed to stop him.

00:42:03.500 I need fewer, you know, the new ambassadors of the court of St. James.

00:42:08.780 I need fewer never-Trump appointments.

00:42:10.740 I need more Kash Patels.

00:42:12.080 That's what I need.

00:42:13.100 I don't need one Kash Patel, by the way.

00:42:14.980 Every single one of these people should be a Kash Patel of their department.

00:42:17.920 Where do they go, Nash?

00:42:18.560 You're down here reporting this week.

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.

00:42:29.220 That's the website.

00:42:29.980 Go and sign up.

00:42:31.400 Support the work.

00:42:32.360 That's how we get this information.

00:42:34.300 It's how we get these stories up.

00:42:36.260 You'll see on the left-hand side, for those watching on television, on the left-hand side

00:42:39.420 of the screen is the analysis section.

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

00:42:46.060 hearing.

00:42:46.420 What's going on?

00:42:47.380 TheNationalPulse.com forward slash war room.

00:42:49.740 It's a must-read.

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.

00:42:57.020 It's Birchgold.com.

00:42:58.580 Make sure you go to Birchgold.com.

00:42:59.980 The end of the dollar empire.

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. 0.61

00:43:09.080 25% tariff for Canada if they don't get their act together.

00:43:11.720 25% tariff for China if they don't get their act together. 0.76

00:43:14.680 But 100% tariff for you if you try to break the U.S. dollar.

00:43:20.660 Make sure you go check it out at Birchgold today and look at alternatives for yourself.

00:43:25.100 Short break.

00:43:25.580 Jim Rickert's next.

00:43:27.380 We rejoice when there's no more.

00:43:29.400 Let's take down the sea.

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00:44:34.700 Field at which you would say the bond vigilantes are back?

00:44:39.420 I think they're back.

00:44:40.440 I think you have a series of people.

00:44:42.000 I mean, look, you interview some of them on TV and they have a view that, you know,

00:44:48.920 the back end of the curve should go higher.

00:44:51.380 Okay, welcome back.

00:44:52.500 You're going to hear all this talk.

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

00:45:25.480 so we can finance this mess.

00:45:28.380 Jim Rickards joins us, big piece.

00:45:31.000 I think it's MSNBC opinion piece, Jim.

00:45:34.320 But I want to start with the tariffs.

00:45:36.540 President Trump says last week, 25% tariffs, not on avocados coming from Mexico,

00:45:41.480 all Mexico, all Canada, all China. 0.66

00:45:44.480 I don't know, $2 trillion in trade.

00:45:46.740 He rattles Mexico. 0.99

00:45:48.020 She gets on the phone right away.

00:45:49.160 She's rattled.

00:45:50.120 Trudeau comes down and kisses the ring, or as Morning Joe says, kisses, you know, south of the ring.

00:45:56.220 Your thoughts there on the tariff?

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.

00:46:18.900 Your thoughts, Jim Rickards?

00:46:21.100 Sure.

00:46:21.680 I saw that.

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.

00:46:32.360 Tariffs, also 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.

00:46:52.720 Well, that's a shot across the ballot.

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.

00:47:04.940 But a new currency is not on the table.

00:47:07.420 They are working on a new payment system for the existing currencies, which is different.

00:47:12.100 So here Trump's kind of warning them off.

00:47:13.700 But there's not really a new currency that's imminent.

00:47:16.980 My other thought, I actually favor tariffs.

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.

00:47:30.000 So I favor tariffs.

00:47:30.900 100% is extreme by any measure.

00:47:33.700 You know, that's really punitive.

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.

00:47:40.580 That's fine.

00:47:41.180 The BRICS are about half the Earth's population, 30% of GDP.

00:47:45.220 If you use other measures, it's 50% 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.

00:48:07.100 No one understands it.

00:48:08.140 It's called gold.

00:48:09.200 In other words, let's say, you know, you're Russia and I'm China. 0.60

00:48:12.120 I sell you manufactured goods.

00:48:14.020 You pay me in Ruples.

00:48:15.420 I sell you, you know, you sell me oil and I pay you in Chinese yuan.

00:48:19.820 That works.

00:48:20.680 You don't need another currency.

00:48:21.600 The problem is you build up balances.

00:48:23.620 Eventually one side has a big trade surplus relative to the other.

00:48:27.540 And how do you settle those balances?

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.

00:48:34.820 But in the local currency, you are limited.

00:48:36.960 How do you settle up?

00:48:37.660 The answer is gold.

00:48:39.080 And you don't have to do it on a gross basis.

00:48:41.900 You know, the economists say there's not enough gold.

00:48:44.060 That's nonsense.

00:48:44.880 They don't know what they're talking about.

00:48:46.000 There's always enough gold.

00:48:47.060 It's just a question of price.

00:48:48.420 But even apart from that, you don't settle on a gross basis.

00:48:51.780 You settle on a net basis.

00:48:53.820 So you would need far less gold.

00:48:55.700 You don't have to do it in real time.

00:48:57.020 The central banks can pay the local buyers and sellers and local currencies.

00:49:00.840 The countries have to settle up.

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.

00:49:15.160 I mean, make their job more difficult.

00:49:16.940 Russia and China have quadrupled their gold reserves in the last 15 years.

00:49:21.080 Why are we making it easy for them?

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, 0.98

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

00:49:55.720 to have a growth story here?

00:49:58.600 Once that plan is implemented, once he starts to articulate with the details of the plan,

00:50:02.760 they should be the first on board, right?

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.

00:50:26.580 Jim Rickards, your thoughts?

00:50:28.560 Well, you're right about, obviously you're right about Trump's program.

00:50:30.920 I favor that program.

00:50:31.940 It should result in a stronger dollar.

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,

00:50:50.560 their biggest complaint is sanctions.

00:50:52.840 And there's a – people kind of take sanctions and tariffs and mash them together.

00:50:58.560 They're completely different.

00:50:59.940 Tariffs are a legitimate economic policy tool.

00:51:02.620 You can overdo it.

00:51:03.600 You can – there's a lot of benefits from tariffs, but they are a legitimate economic tool.

00:51:09.060 Sanctions are financial warfare.

00:51:10.880 That's an act of war.

00:51:12.120 That's no different than the World Navy blockading France during the Napoleonic Wars.

00:51:16.700 And so – but Americans tend to blur the two.

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.

00:51:26.560 But sanctions are an act of war.

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.

00:51:34.020 The dollar worked just fine.

00:51:35.760 The only reason they're thinking about it is because of the sanctions we put on Russia

00:51:38.960 back to Ukraine.

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.

00:51:58.080 And so we need an alternative.

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,

00:52:06.140 but that can be settled.

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.

00:52:13.820 Jim, hang on one second.

00:52:15.120 The SWIFT system and sanctions, we call it economic warfare.

00:52:19.680 They're smart enough to understand that.

00:52:21.220 We're going to take a short break.

00:52:22.740 POSO is going to be in the house with Jim Ricketts.

00:52:25.820 Jim's going to stick around.

00:52:26.680 Short commercial break.

00:52:27.340 90 seconds.

00:52:28.020 Back in the warm in just a moment.

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Bannon's War Room - December 03, 2024

Episode 4098： Did The American People Get A Payout; Populist's Power to Take On The System

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