Episode 4217： Trump Takes On Davos
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Summary
Trump orders declassification of JFK, RFK, MLK, and Martin Luther King, Jr. files, and calls for DNI to come back with a plan within 15 days. President Trump is hitting on all fronts, dropping bombs all day long, and there is huge resistance to all of it.
Transcript
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Sir, we have an executive order ordering the declassification of files relating to the
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assassinations of President John F. Kennedy, Senator Robert F. Kennedy, and Reverend Dr. Martin
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That's a big one, huh? A lot of people are waiting for this for a long, for years, for decades.
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This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval
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on these people. I got a free shot at all these networks lying about the people. The people
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have had a belly full of it. I know you don't like hearing that. I know you try to do everything
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in the world to stop that, but you're not going to stop it. It's going to happen.
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And where do people like that go to share the big line? Mega Media.
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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? If that answer is to save my country,
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In a day of more bomb dropping by President Trump and rolling through on the new golden
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age of America. And everything that he's doing and driving, driving, driving the action, there's
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counteraction too. They're in court. They're in the media. They're in jails making things tougher,
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whether it's releasing people on the J6 pardons or trying to do ICE raids in Chicago. And momentarily,
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we're going out to our own Ben Burkwam. There's resistance in federal court. They're dropping
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lawsuits against every executive order. They're dropping lawsuits against birthright citizenship.
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So every line that we've talked about going down, what we call the lines of work or the verticals,
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there are massive momentum, executive orders drop, executive action taken.
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Now legislation, Lake and Riley passed today. I think it's going to go to the president's desk,
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I don't know, tomorrow, sometime. We'll cover that. And Lake and Riley bill has got a great
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opening for us in the H-1B visas, a secret weapon. President Trump's hitting on all fronts,
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dropping bombs all day long. It's just absolutely extraordinary, incredible, and there's huge
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resistance to all of it. But today dropped another one, the release of, now here's what it is. It's
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not the exact, the headlines a little different than the reality. And this is why we have the crack
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team of practitioners in intelligence. I see the intelligence community. We have some of the best
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the best. I went through the executive order. It's not the immediate release
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today of the files of Jack Kennedy, Bobby Kennedy, Martin Luther King. It is, they have to return in 15
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days with a plan, DNI. I'm not so sure Tulsi's confirmed by the Senate in 15 days. So it has to be the acting
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crew over there. And, and we have to get, there's all types of wording. It's like the wording in the,
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in the executive order that led to the getting rid of the security classifications of the security
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clearances, excuse me, of the 51 on, uh, that fought us on the laptop from hell. There may be a
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little bit better wording that to make sure they can't come back and see you. They're going to try to
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tie everything up at the courts, everything, everything, everything. This work, this, this days of
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thunder, the shock and awe of being the blunt force instrument and going after the administrative
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state and the deep state is quite frankly stunning. Like I said earlier this morning, the strategic part
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of it, the strategic part of it's so brilliant because they're interconnected, interlocked, economics. So
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we're going to have, um, we're going to have Philip Patrick join us later, but the economics is coming out of
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Davos. EJ and Tony's going to be tomorrow because he's found all types of stuff in the numbers. Also the bond
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market. We'll show you some bond market numbers tomorrow. Remember we don't get a free ride here.
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They get a vote, but today, president Trump sending a clear signal in 15 days. I want a plan from DNI
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and that plan. And trust me, folks, we'll be all over this. And this is not going to be a two-year
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plan. This is going to be, so is skirts clean, right? That they can then go and do it immediately.
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We'll be on top of that, but it's not calling for the exact release today. It's calling for DNI to come
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back in 15 days. And we're going to make sure that plan doesn't say, well, we're going to bleed
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them out over the next four years. Now, president Trump wants these things out. What's his great
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quote? Everything will be revealed. How's that? It's like, it's a, it's like it's a fascinating,
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fascinating film, fascinating movie. Uh, we're going to go to Davos. President Trump just really
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unleashed on Davos day. It was magnificent. Captain Jim Fennell will, uh, come to us from, uh,
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overseas and also Nora bin Laden is in Switzerland. She'll come to us. She's actually in Davos.
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Um, I think, I don't think she's going back to Geneva, but we'll find out momentarily,
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but I have to go to the windy city, cold Chicago. Ice raids was supposed to start yesterday on
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Tuesday, excuse me, Tuesday. They didn't happen. Why didn't they happen? As we reported live for you
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on this show on Saturday morning, one of my young charges pulled it down and said, uh, huge headlines,
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you know, Trump prepared to Homan Miller and Trump prepared to do a 200 person ice agent raid
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in Chicago on Tuesday, a door kick, kicking down doors and rounded up bad guys. And I said,
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that's a source close to the white house leak. They said, no, four individuals familiar with,
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familiar with the plan. I said, that's the administrative state. That's guys over DHS and
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others that know about the right local police that, you know, these liberals in Chicago that know about
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and they're going to leak it because they don't want to happen. What happened 24 hours later in
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the same Washington post home and says, Hey, you know, we're working on it. Don't know if it's
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going to be Tuesday. It was not Tuesday. The administrative state is fighting Trump at
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every step of the way. Trump's got the military sending troops to the border. Trump's got the
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military airlift command that that's got lift capacity on standby. They're, they're pre-positioning
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now to send guys out of here to send the deport people immediately. The war has been engaged on
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every level, intellectually with action, with money, with a federal power. And the resistance
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is tight. We, I told you there's going to be resistance. I shouldn't be surprised. In fact,
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it's healthy. They're not, they're not, they're, they're showing their true colors. You're going
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through a great unmasking right now of who's actually a patron want to save the country, the
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invasion. They're going to fight us stopping the invasion and reversing the invasion tooth
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and nail. Ben Burkholm joins us from a very cold Chicago. Ben, you went out there a couple of months
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ago. Um, you, you, you know how tough it is out there. You had a great crew at the time. I think
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you had some of your crew members back. Get us up to date. Is it, are we, are we actually doing ice
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raids even as we speak, sir? Yeah, Steve, as you mentioned, I'm here with Terry Newsom behind enemy
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lines. He was one of the first guys that got me up here, taking us to the inner city and the south
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side and all that. Uh, as you mentioned, it was internal leak. It was the traitors within,
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uh, but I guarantee you one thing, anybody who goes against Tom Holman or president Trump,
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that's on the inside of DHS or wherever they're at now, they're going to get a hammer dropped on them
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like they've never seen before. Uh, they aren't messing around. So ice raids are happening as we speak.
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They're keeping a little closer to the vest right now, going after low hanging fruit. But I just want to
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tell you, I just, we were just down at the Cook County jail, speaking to sheriff deputy down there,
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obviously couldn't go on the record. He said the, the jail hasn't worked with ice for five years.
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He said they will not let ice go into the jail. And governor Pritzker just doubled down on that to
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say today and said, unless you have a warrant, they're not letting you in, but they will not
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let ice into the jail. So ice is having to go into the communities is what Tom said was going to
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happen. They're having to go into the communities. Like we're here in Pilsen, heavy Hispanic community
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and go into these places and pick them up. And they're going to take everybody that they get
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with them. The big question is, are they going to go into the shelters that are harboring illegals
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as well? So we're waiting to see that. Hang on. Hang on. Hang on. Hold on. Hold on. Slow down.
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Slow down. I'm glad you got Terry there. I want people to understand this. You're telling me
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federal authorities and president Trump's already signed orders, federal authorities. And this folks
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is not a drag net to sweep up. It's not going to the churches. It's not going to the schools.
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Also, if you heard, President Trump's given the ability to do that. This is very, this is very
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targeted for us to go to the jails and take out. Look at Danbury. When I was in prison, 10%,
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at least 10% of the population there are bad hombres, right? From the cartels, 10% and really
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inside with American citizens who they kind of intimidate because these guys are bad hombres,
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right? These are from the toughest cartels out there. You're telling me they will not let,
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they have not worked with ICE agents in five years, first off. And the jails will not. And
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these are county, local, city, and state jails will not allow ICE agents in there to take out
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the bad guys and put them on a plane and get them out of here.
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That's right. They will not let them in is what I was told.
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Unbelievable. Terry, how important is this symbolically, this kickoff in Chicago, given
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you're, you're, you're the railhead of sanctuary cities. Adams has given up. L.A.'s given up.
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San Francisco is kind of getting ready to give up. Chicago is the, is the railhead of all the
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problems of sanctuary cities. What does it feel like having your city, your beloved Chicago
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really in a standoff or trying to be a stand, won't be a standoff eventually, but trying to
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stand up and tell President Trump, you cannot deport criminal, illegal aliens, sir.
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Yeah, it's, it's really important. Uh, you know, especially when Tom was here last month,
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he had his public meetings, but I helped arrange three private meetings with him with big time
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Democrats that will be coming out eventually. Steve, uh, Alderman Ray Lopez, Hispanic Alderman
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Democrat is, is trying to help him as well. I also had individuals, senior folks from CPD
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that met with him. They're all willing to embrace him. So we're going to hear a lot in the media
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about the city is going to be going crazy and stuff. It's quite the opposite. They control
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the media, as you know, it's the people, law enforcement. I had union members have private
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meetings with him to support and endorse him. And we have to try to, uh, stifle all the noise
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and the fear mongering that's going on. There's three, uh, Fort Trendelargua in DuPage County
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jail right now. They were just arrested a few days ago in the Western suburbs by where I live.
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One of them had a colostomy bag on him because he was wounded and shot from a crime he did in
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Chicago. They're sitting right now until their next court date, February 14th. So hopefully
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DuPage County, which is a red County can find a way to collaborate with Tom and ice to pick these
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guys up that are sitting in DuPage County jail right this minute. Terry, just here's the question
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the audience has. Does the black and Hispanic community in Chicago support president Trump's
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efforts to get first the low hanging fruit, illegal alien criminals out, but then eventually to get
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the illegal aliens out, does the community, do they back Trump or they back mayor Johnson,
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the sanctuary city guy, the community? Yeah. The community backs Trump, right? So I had meetings
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with Hispanic pastors. Bren was in the car when I was talking to him. I mean, in, in, in this
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neighborhood, 20 of them, and they had a translator for them. They're upset. It's, it's making it
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difficult for their community. And what Tom said is I could go to Cook County jail and just send one
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agent over there to pick up one individual. If they want to play games in Chicago, which they are,
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this person is going to come out in the street. I'm going to have to hunt them down, put my men at risk,
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put the individual at risk as well as the community at risk. So, um, Alderman Lopez tried to make an
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amendment two weeks ago to the welcoming city law. And again, Hispanic Democrat, he said, let's allow
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Chicago police officers to collaborate with ICE on the Trendelargua, the, the, the, the child sex
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traffickers. He didn't even put spousal abuse on them. He wanted to make it so easy for these Chicago
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aldermen to say, let's get rid of these criminal elements. What did they do two weeks ago? They said,
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no, they said, no. So they're doubling down. Not just Pritzker and Johnson. All of these liberal
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scumbags are doubling down. Pritzker also made a law about a month ago that they could change their
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names in, in three months, Steve, three months. They could change their names legally here in
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Illinois. That's huge, Steve. So they can hide from ICE. Huge. Hang on for a second. This is going to be
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huge. I'm going to get you guys throughout this next two hours. We've got Terry Newsom, our own Ben
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Burquam in Chicago. The raids have started today. Ben just told you. ICE has not been in a jail
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in Chicago that are crawling with his illegal alien bad hombres that, hey, regardless if you did a crime,
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you're American citizen, man. You shouldn't have to have a foreigner up there, you know, another bad
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guy in your grill. Unacceptable. These deportations, don't think it's going to be easy. You're going to
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have to dig it out root and branch. Next, we're going to return. We're going to go to Davos. We're
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going to talk about today a monumental historic speech by President Donald J. Trump. He put the
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World Economic Forum and the globalists on notice. There is a new sheriff in town, Captain Jim Fennell.
00:14:03.300
Our own Nora Ben Laden will join us here momentarily. We've got Philip Patrick of Birch Gold.
00:14:09.600
Times are terrible. You just don't think it's terrible. Look at the bond market.
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Leading indicator. It's a flashing, I don't know, dark yellow, maybe a slight red right
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now. Birchgold.com. Don't get caught unawares. Look at all your options, all your alternatives.
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to Philip Patrick and the team. He'll be on later to talk about it. Birchgold.com. If you like
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geopolitics and capital markets, we love it here. We've got Jim Rickards. Hopefully,
00:14:43.260
if Jim doesn't go into the administration, he's going to be with us as our major contributor,
00:14:47.160
RickardsWarRoom.com. Get his newsletters, his books, all of it. RickardsWarRoom.com. Check
00:14:53.500
it out today. Short commercial break. We're going to Switzerland next.
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Big victory on 5 November. Now the work can finally start on the big issues facing the country. One of
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the biggest is the national debt and the deficits that drive it. Hey, you think the country's broke?
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silver today. In a truly historic week in the United States. Three days ago, I took the oath
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of office and we began the golden age of America. The recent presidential election was won by millions
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of votes and all seven, every one of them, all seven swing states. It was a massive mandate from
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the American people like hasn't been seen in many years. And some of the political pundits,
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even some of my so-called enemies, said it was the most consequential election victory in 129 years.
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That's quite nice. What the world has witnessed in the past 72 hours is nothing less than a revolution
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of common sense. Our country will soon be stronger, wealthier, and more united than ever before. And the
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entire planet will be more peaceful and prosperous as a result of this incredible momentum and what
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we're doing and going to do. In addition, I'm pleased to report that America is also a free nation once
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again. On day one, I signed an executive order to stop all government censorship. No longer will our
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government label the speech of our own citizens as misinformation or disinformation, which are the
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favorite words of censors and those who wish to stop the free exchange of ideas and, frankly, progress.
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We have saved free speech in America and we've saved it strongly. I terminated the ridiculous and
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incredibly wasteful Green New Deal. I call it the Green New Scam. Withdrew from the one-sided Paris
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climate accord and ended the insane and costly electric vehicle mandate. We're going to let people
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buy the car they want to buy. I declared a national energy emergency, and it's so important, national
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energy emergency to unlock the liquid gold under our feet and pave the way for rapid approvals of
00:18:18.540
new energy infrastructure. The United States has the largest amount of oil and gas of any country on
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earth, and we're going to use it. Not only will this reduce the cost of virtually all goods and services,
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it will make the United States a manufacturing superpower and the world capital of artificial
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intelligence and crypto. We know that the most consequential relationship in the world is between
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the U.S. and China. U.S. 28 percent of the global economy, China close to 20. That's almost half of the
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global GDP. And we know that you called President Xi Jinping last Friday. We heard that you had a good
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discussion. How do you see the relationship between the U.S. and China in the next four years under your
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leadership? He called me, but I see it very good. I think that we're going to have a very good
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relationship. All we want is fairness. We just want a level playing field. We don't want to take
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advantage. We've been having massive deficits with China. Biden allowed it to get out of hand.
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He's $1.1 trillion deficit. It's ridiculous. And it's just an unfair relationship.
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And we have to make it just fair. We don't have to make it phenomenal. We have to make it a fair
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relationship. Right now, it's not a fair relationship. The deficit is massive, as it is with other
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countries. A lot of Asian countries, actually. But we have deficits that are very big. And we can't
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keep doing that. So we're not going to keep doing that. But I like President Xi very much. I've always
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liked him. We always had a very good relationship. It was very strained with COVID coming out of Wuhan.
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Obviously, that strained it. I'm sure it strained it with a lot of people. But that strained our
00:20:10.380
relationship. But we always had a great relationship, I would say. And we look forward
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to doing very well with China and getting along with China. Hopefully, China can help us stop the
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war with, in particular, Russia, Ukraine. They have a great deal of power over that. So we restore
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common sense in America. We're moving quickly to bring back strength and peace and stability abroad.
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I'm also going to ask all NATO nations to increase defense spending to 5 percent of GDP,
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which is what it should have been years ago. It was only at 2 percent. And most nations didn't
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pay until I came along. I insisted that they pay. And they did, because the United States was really
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paying the difference at that time. And it was unfair to the United States. But many,
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many things have been unfair for many years to the United States.
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Okay. I want to, because I had to cut a little different, and we decided to go with this long
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one at the beginning. I got to get to Noor. But I wonder, well, this is all fresh about China and
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the defense part. I want to go to Captain Fennell. Captain Fennell, you've sat through a lot of these
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things. You're very familiar with Davos, the players there. Give me your overall assessment. And then I
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really want to focus on what, how he laid out the situation with NATO, the 5 percent in the,
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in the Chinese, the main thing, the Chinese Communist Party, sir.
00:21:37.440
Well, Steve, good to be on. My view of this is that this speech is the moral equivalent to what
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Ronald Reagan did in 1983 with his evil empire speech. It's different in the sense that it's
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Donald Trump and his way of speaking and his focus of effort. But for moral clarity,
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what Donald Trump today did was he told the globalists in Davos that, hey, we Americans are
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serious about governing and taking care of our people. And that we're not going to allow, as
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President Trump said in his speech, we're going to fix the disasters of the inept people,
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the inept people that have been in charge for the last four years,
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that are responsible for the deaths of probably 2 million people around the world through wars in
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the Ukraine and disasters and retreats in Afghanistan and the war in the Middle East,
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and hundreds of thousands that die every year from fentanyl because of the open border.
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So what Donald Trump did today in Davos was he set the stage to say, we're serious about taking care
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of people and we're not playing games anymore. And we're not going to let inept technocrats
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dictate to us from their ideology of wokeness. And so my view is, is that what Trump did was
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a moral clarity. He's took leadership and said, America is standing tall again,
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and we're going to defend freedom of speech. We're going to defend common sense. There's only two
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genders. We're going to defend respect for others. We're going to ask people to defend themselves by
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paying more for their own defense. And what Reagan did in 1983, when he gave his evil empire speech,
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is that when you've talked to after the Soviet Union collapse, when we started talking to the
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dissidents that had been in Soviet gulads, they said those speeches from Ronald Reagan gave them hope.
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And I believe that what Trump did today was he gave hope to the people in Europe and around the
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world and especially America, but the rest of the world where people are living under this
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thumb of the dictates of socialism, communism, and woke ideology. And Europe is trying to fight out
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of that. And, uh, in Germany and in France and Italy and, and other places, they're trying to get
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out of that. And they can't because the woke mafia is still in control. But Trump's speech is,
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You know, I made a film off of Peter Schweitzer's book and I want to name it because, uh, word indeed.
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And the reason was it's a book with Peter Schweitzer. It's called Reagan's war. I made the film
00:24:15.340
in the face of evil off the adapter from it. Peter had gone to Peter Schweitzer had gone to the, uh,
00:24:21.640
KGB files when they first opened in the nineties, right after the Berlin wall fell. And he's researching
00:24:27.100
and he found out as he went through the KGB, he, he wanted to look at America through the eyes of
00:24:33.100
our enemies during that long period of the cold war. And captain for now, he found out that in
00:24:38.400
doing this research, that the politician they feared most was Ronald Reagan for many, many years.
00:24:44.460
And the reason was in their reports, the Stasi did and other of their police forces doing kind of
00:24:50.040
assessments. They said this guy, cause he was talking anti-communism when he was governor of
00:24:56.360
California and fighting the Marxist and the neo-Marxist at Berkeley. And they said, the reason this guy
00:25:02.320
is scared, scares us is that his words and his deeds are one in the same. His words and his deeds are
00:25:10.420
one in the same. And he means what he says cause he backs it up with action. Did it help in, in moral
00:25:18.020
clarity to have a president Trump show up today, having the first 72 hours of days of thunder were
00:25:26.900
across a broad spectrum with both scale and depth. He is hammering the administrative state, hammering
00:25:33.400
the deep state, hammering the enemies of our country, sir. Yes. He, what he did today was
00:25:40.720
demonstrate, uh, that he is not just, uh, somebody that doesn't know what to do. I mean, he was
00:25:46.840
president already, as we know for four years. And then for the last four years, he's been planning
00:25:51.480
and working and preparing for this, this day and these days of thunders. You've just articulated in
00:25:56.820
these 200 plus executive orders and the action across the whole of government to use their, to use
00:26:02.940
a phrase. And so he's done that. And what he did is he told the folks in Europe, uh, at this, uh,
00:26:08.780
elite, uh, gathering, uh, where they all have a different worldview. He said, your worldview
00:26:13.400
isn't going to change us. We are going to stand tall and we stand opposed to you. Now he did it
00:26:18.640
very politely. He wasn't, uh, maybe like he was four years ago or before. Uh, he did it very politely,
00:26:25.300
but he challenged them ideologically, uh, by saying what we stand for and what we're going to do
00:26:31.300
is better for the world. It's better for people. Look at his remarks about how many people are dying in
00:26:37.680
Ukraine. He genuinely, you can feel it. He cares that people are needlessly dying and it's because
00:26:44.000
of stupid policies from inept politicians and inept technocrats that have been in charge for 30,
00:26:50.380
40 years. And they believe in multilateralism and all of these, uh, great buzz phrases that have failed.
00:26:56.840
And he's saying, no, we're going to go back to common sense and we're going to have this golden
00:27:00.840
age of, uh, of America. And he said, at one point, he said, you know, um, they say there is a light
00:27:06.500
shining all across the world. And that's very much like Reagan, you know, the city on the shining
00:27:11.400
hill. So Trump was putting out there to the world that we're going to be the light that shines, uh,
00:27:17.560
to the world on how we should behave and how we should take care of people. And that we really
00:27:21.700
actually care more than you do. You care about your power and you care about your Marxist ideology,
00:27:26.720
but we actually care about results and practical things that make food cheaper, make interest rates
00:27:33.480
cheaper, uh, and protect our citizens from, uh, cartel members that are, you know, terrorizing
00:27:39.100
and murdering people across the country and, and around the world and, and starting wars like G
00:27:44.320
uh, captain, uh, we're going to get into all that. Norbin Lund's with us. Philip Patrick is with us.
00:27:51.080
Pretty intense band. Burkham's on the streets of Chicago as the, as, uh, ice starts to do the
00:27:57.740
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Okay, welcome back. We got Captain Fennell and Norbert and Laden are with us and they are overseas.
00:29:36.860
They understand the kind of mentality of Davos and the globalists. I want to bring in Philip Patrick.
00:29:43.200
Philip, first off, you saw the speech today. It was extraordinary because in the first couple,
00:29:48.460
and Captain Fennell's right, President Trump was very polite, but he's very firm.
00:29:52.280
Kind of matter of fact, he starts off, he has his preamble. He says, it's a revolution of common sense.
00:30:00.060
And then he pivots and says, hey, we've, I've pulled us out of the Paris Climate Accord,
00:30:06.640
which was conceived in Davos. It, he then says, I've, I'm stopping as the Financial Times of London
00:30:13.380
says today in his, in his lead story that I've essentially impounded $300 billion of money going
00:30:22.260
to Green New Deal fiasco payoffs to the elites. He says, I've, I've impounded that and I've totally
00:30:27.800
ditched the green, he called it the Green New Scam to the place that created it, Davos.
00:30:35.100
Then he pivots and says, oh, by the way, I've pulled us out of the World Health Organization,
00:30:39.800
of which the World Health Organization secretary, I believe canceled or postponed their trip to Davos,
00:30:44.740
make a big presentation since two thirds of their funding said we're out. And then he moves on to
00:30:50.460
the rest of the speech. And I'm sitting there going, oh my Lord, and not, and this is the,
00:30:55.400
Klaus Schwab who groveled, groveled, groveled in his open is the high priest of the cult of Davos.
00:31:03.960
Philip Patrick, your thoughts when you're sitting there watching as finance guys, I'm sitting there
00:31:07.540
going, holy mackerel. He just took out Davos, man, in one fell swoop, sir.
00:31:13.400
Yeah, he absolutely killed it. By the way, it is hilarious to me that every year we get a cabal of
00:31:18.960
the world's richest people flying in on private jets, staying in five-star hotels and lecturing
00:31:25.540
one another about what the working class really needs. It's ridiculous. But President Trump came and
00:31:31.980
he didn't come to play. I mean, he reaffirmed our America First agenda. He defined our relations with
00:31:38.740
international institutions, essentially saying we're tired of paying more than our fair share.
00:31:43.880
He talked about revitalizing American industry, using tariffs to do so. And what I thought was smart,
00:31:50.980
he didn't just use sticks, he used carrots as well, right? He said there'd be tax credits,
00:31:55.020
there'd be incentives for companies who want to onshore supply chains. He talked about creating a pro-business,
00:32:01.760
pro-growth economic environment. And as you said, he described his deregulation program
00:32:06.860
as a revolution of common sense. I thought it was brilliant because it is. It's common sense,
00:32:12.960
right? You know, it's a pro-business agenda, not a pro-bureaucracy plan. He also had what I think was
00:32:20.460
a very good idea to end the Ukraine war by pressuring OPEC to lower oil prices. That'll put a squeeze on the
00:32:28.640
Russian war machine. It's similar to how they ended sort of what led to the collapse of the USSR a little
00:32:36.140
over 30 years ago. Finally, and this is where my ears pricked up, he talked about the debt problem
00:32:43.480
and basically said that once oil prices came down, he'd demand central banks around the world
00:32:49.320
start lowering interest rates. Now, that's the interesting one for me. Obviously, we know it's
00:32:55.540
not his call. He can put pressure, but that's about it. Here's the concern that I have, though.
00:33:05.000
I understand why he wants to do this. At the end of the day, it's a cornerstone of a supply-side
00:33:10.140
growth plan, limit debt service, boost the economy. But we've got to understand, taken in isolation,
00:33:17.460
each one of these policies makes a ton of sense, but we can't consider them in isolation. Since World
00:33:24.360
War II, our nation has become increasingly integrated into the global economy. It made a lot
00:33:30.160
of people better off, but it also made nations dependent on one another. Global supply chains
00:33:36.540
didn't exist before World War II. Now it takes 25 nations to produce a single car. So what we're
00:33:43.720
talking about here, and the words that are being used, is turning back the clock to the golden era
00:33:48.980
of the United States. But here's the problem. Foreign creditors own 25% of our government debt.
00:33:55.940
If we include corporate and household debt, that's about $10 trillion. We're in a position right now
00:34:02.080
where we're making it less attractive for foreign investors to lend to the United States. A friend
00:34:08.020
recently said to me, you can't borrow $10 trillion from capital markets and then say, thanks, we got
00:34:14.520
it from here. There's going to be consequences. My biggest concern here is that anything that makes
00:34:21.740
the dollar less attractive on the international stage, whether it's sanctions, weaponization or
00:34:26.980
inflation, and we've seen plenty of these under the Biden administration, it just incentivizes other
00:34:33.100
nations, whether it's our allies or adversaries, to dump their dollars. And as a nation, and I know
00:34:39.600
you know this, Steve, we can only succeed if we maintain our global reserve currency status.
00:34:45.580
We've been writing checks for 80 years that haven't been cashed. My concern is that they all get cashed
00:34:51.960
at the same time. This is okay. What Philip just walked through, I want this audience, we're going to go over
00:34:59.480
this a number of times, because I wanted to embed it in your head, is essentially, this is what happens
00:35:05.040
when people say deficits don't matter and that doesn't matter. They're lying to you. Okay, this is
00:35:10.640
why modern monetary theory, we need to get up to speed on this, because you need to understand how
00:35:15.360
dangerous this idea was, and how it was embraced. Birchgold.com slash Bannon, end of the dollar empire.
00:35:21.800
Read all the free installments, but read the last first. You need to understand modern monetary
00:35:26.960
theory that came out of the kind of radical academia of France and then went right to Davos
00:35:31.880
and they got spread just like they, they're, you know, build back better. Why is this dangerous?
00:35:36.320
Philip Packers just told you, and I keep saying, the more debt you get every year, the easy answers
00:35:42.220
get away from us and the range of alternatives for any policymaker and for President Trump,
00:35:46.560
narrow, narrow, narrow. His point is, hey, you can't even be too tough right now, and particularly
00:35:52.840
tough on this, on this renaissance of American manufacturing, bring your soybeans back because
00:35:57.340
25% of your total debt is owned by foreign entities, and you don't have the capacity right
00:36:03.980
now because you're kind of barred to the hilt. You really don't have the capacity. You have to,
00:36:08.060
Scott Besson has to, we know right now, in refinancing the $36 trillion of debt, he has to
00:36:14.160
already scheduled $7 trillion of refinancing. $7 trillion has to be sold in this year, and you're going to
00:36:20.680
need, you know, unless you want the Federal Reserve picking it up and blowing up the balance
00:36:24.780
sheet of the Federal Reserve, it's going to have to be bought by somebody. A big portion of that's
00:36:29.360
going to be foreigners, and with China not really having, sitting on the bid like they used to,
00:36:34.140
because they don't, they have the capacity, you've got a problem already that you're kind of limited
00:36:38.620
in your range of activities. This is what, let me go back, this is why, what Philip said is that
00:36:44.780
Besson and Trump's theory of the case, is this the last shot we have to have a supply side pro-growth,
00:36:53.940
grow your way out of an agenda, and that's why the tax cuts are central. This is why Scott Besson
00:37:00.040
said, if we, if we don't renew the tax cuts, you're going to have a $4 trillion tax increase, which
00:37:05.540
would be catastrophic. This is also gets the point of why I am telling Elon, as much as we disagree on
00:37:12.000
so much, the one thing we totally agree on is the deconstruction of the administrative state
00:37:16.020
and the getting it down to size we can pay for it. His trillion dollars of cuts that he's kind
00:37:22.400
of promised, we need to see if that's reality or fantasy, because right now CBO says it's $2 trillion
00:37:28.300
deficit this year. The Freedom Caucus, who are the biggest hawks, Andy Biggs, the biggest budget hawk
00:37:33.620
out there, they're laying a deal for President Trump, said, hey, we'll lift, and these are the hawks of
00:37:38.000
the hawks. They're saying, we'll lift the debt ceiling for two years and give you $4 trillion
00:37:41.680
capacity. That means that they've even bought into the fact it's $2 trillion. And $2 trillion,
00:37:46.720
I'm saying, yo, that's a bad sign. That means it's not sustainable. That's what we need, Elon.
00:37:51.360
All this stuff is inextricably linked, but what it shows you is that President Trump put on my
00:37:56.280
notice today that, hey, I'm an economic nationalist. Yes, we're part of a global system, but this is
00:38:01.420
about America. And in fact, you can get through the golden door too, and your tariffs and your
00:38:08.200
fees and duties will be less if you actually make it in the United States of America. But number one,
00:38:13.100
I've got to cut energy costs, and I'm going to cut them radically. And I'm telling the Saudis,
00:38:17.160
I want them to go along with me to cut it, because that's the predicate to any industrial
00:38:22.420
nation's renaissance. And number two, and by the way, I got Dave Walsh in the second hour to go
00:38:27.880
through that. And number two, the Federal Reserve is going to have to play ball with me because I
00:38:32.100
want to lower interest rates. Because to get an American renaissance, I essentially need to have
00:38:38.980
access to money that's not that cheap. The bond market right now, and God bless the Federal Reserve,
00:38:44.280
but President Trump may be talking to the wrong audience. The global bond market's saying,
00:38:48.540
hey, talk to Fed all you want, but we need a higher price to buy government security, is it not?
00:38:53.840
That's where you see the 10-year bonds. That's where you see these bond prices going up,
00:38:57.700
and they've been going up for a while, because they don't actually believe we can pull this
00:39:01.720
together through a recalcitrant group of Democrats and a business community that may not be totally
00:39:09.160
on our side. Thoughts, Philip Patrick? I mean, it's absolutely correct. The 10-year Treasury is up,
00:39:16.420
it's now 4.64%. It's up 90 basis points since September. In that same time period,
00:39:23.400
the Fed has lowered 100 basis points. So even though headline interest rates coming down,
00:39:30.560
borrowing rates are going up. Why? Because demand for US debt is waning. When demand wanes,
00:39:35.900
we have to make it more attractive by raising interest rates. And that's the problem, right?
00:39:41.000
Trump needs time to grow the economy. The question is, will the international bond markets give them
00:39:46.860
the time that they need? The more we continue to amass deficits, the more we look like a bad
00:39:52.000
investment, the second the world starts to look for other alternatives, we're in big trouble at that
00:39:57.560
point. So President Trump's up against the clock. Like I said, piece by piece by piece, this is the
00:40:03.680
strongest economic plan I've seen in years. Will he be given the rope and the time to pull it off?
00:40:12.520
Let me ask you, why now do people need to learn more about, look, we've got the modern monetary
00:40:17.480
theory. So the macro we've got covered, people understand it. Why do they need to look at,
00:40:21.280
why is now a time that people should get smart with you guys about precious metals? What is it
00:40:27.040
about gold and precious metals that particularly for a time like this makes it a perfect hedge?
00:40:34.500
Well, listen, if President Trump pulls this off, this will be the great escape. No nation has ever
00:40:39.560
come back from a position like this, ever. So first of all, that's the context of what we're talking
00:40:45.340
about. But look at the problems. We're talking about global debt. We're talking about devaluation of
00:40:51.140
currency. We're talking about rising prices across the board. This is a climate that precious metals
00:40:57.160
grow in. Even under Trump's first term, gold grew 53 percent relative to a Dow Jones at 57. We didn't have
00:41:05.340
any of the problems we have today. So I think there isn't a better place for the short to medium term
00:41:13.040
to have at least a portion of one's wealth. Look, I am hoping and praying that President Trump pulls
00:41:19.240
it off. But I have a hedge in place in case he doesn't. Central banks around the world have a
00:41:24.360
hedge in place in case he doesn't. And I think individuals here have to do the same.
00:41:29.140
So where do they go? Where do people go today to talk to you and your team of experts?
00:41:36.200
Really simple. Birchgold.com forward slash Bannon. Birchgold.com forward slash Bannon.
00:41:43.520
You can also text Bannon to 989898. That'll get them access to all the free information,
00:41:50.480
reports on how and why to buy gold, the end of the dollar empire series, and a report specifically
00:41:56.760
on why to buy gold under a Trump administration. So lots of free information. Everyone should
00:42:03.180
immerse themselves and go from there. Immerse yourself in information now more than ever. And
00:42:10.440
all the information, all of it, is absolutely free. Philip Patrick, love you guys. Social media,
00:42:15.720
Philip. I know you put stuff up all the time. Where do people go?
00:42:18.980
At Philip Patrick on Getter. At Philip Patrick Getter.
00:42:23.320
Philip Patrick, thank you very much from Birchgold. Check it out. Unbelievable. Unbelievable what
00:42:33.180
President Trump did in Davos today. Laid out an economic plan that says, I'm an economic
00:42:38.260
nationalist. We're part of a global system, but here's what we're going to do. Bang, bang,
00:42:42.360
bang. Talked about the Ukraine. Talked about the war, the beginning parts of the Third World War. I
00:42:46.680
think put the Chinese Communist Party on notice by being a gentleman about it. Captain Fennell is
00:42:52.300
absolutely correct. He said this in a kind of a kind way or matter of fact way. Didn't really get
00:42:59.000
angry. Just kind of walk through the way things are, like a new boss or a new sheriff. Pretty
00:43:05.720
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00:44:54.240
So, Noor, this is historical what happened today, putting the globalists on notice. The globalists
00:45:01.400
have done so much damage to our own country, but also mankind. Today, you were calling them a cult,
00:45:06.840
neo-pagans. How did you view, given you've been in that room so many times, you know all these
00:45:12.540
players. When President Trump came in by video and you saw Klaus Schwab groveling, and this is,
00:45:19.640
remember, we played the clip earlier where they thought Trump was dead. That was Graham Allison
00:45:23.040
saying Trump was dead. Trump was finished. He would never return. They were mocking
00:45:26.400
and belittling him for years. Tell me your thoughts today when you saw President Trump's return.
00:45:34.400
Listen, the speech President Trump gave was absolutely superb, but beyond his remarks,
00:45:42.240
there is something that I think we should not miss here, which is the optics, and more specifically,
00:45:49.280
the aesthetics and the contrast of the aesthetics. On one hand, you had President Trump showcasing
00:45:57.280
the beauty and the richness of the American iconography, the warmth of the color palette he
00:46:06.720
chose, this majestic setup, you know, with the backdrop. And it perfectly symbolizes this golden age
00:46:14.240
and the American Renaissance. And on the other hand, you have the cold, sterile, bland, and ugly brand of
00:46:24.240
the World Economic Forum, of the globalists. Their aesthetics is absolutely representative of their anti-human
00:46:31.600
agenda, of their trans-techno, so-called intelligent age, and very much emblematic of the post-World War II era.
00:46:42.240
In which we find ourselves. And so I thought that that contrast was very, very present and very stark.
00:46:54.240
Unbelievable. How did you think it was responding?
00:46:58.240
Were you shocked to see Klaus Schwab groveling at the beginning and the kind of the softball questions
00:47:04.240
and the applause? He was ripping, you know, he's ripping World Health Organization out,
00:47:10.240
Paris Climate Change, Green New Deal, called it Green New Scam. And they're saying they're applauding.
00:47:18.240
Listen, President Trump commands respect. He is a very strong figure, has always been. Even when they
00:47:26.240
were mocking him back in 2015, back in 2016, they had to be faced with the reality that this man has
00:47:36.240
a charisma that is unmatched. And we've never seen this, I think, in the history, certainly not in the
00:47:42.240
20th century. He is one of these figures that will stand out in history. And you have to admire his
00:47:48.240
strength. And they have no choice but to contend with the reality that President Trump is this strong
00:47:56.240
character, was given this absolutely unequivocal mandate by the American people. And now they have
00:48:02.240
to come to terms with that. And as I've said on the show, I think it was yesterday, they've had, you know,
00:48:08.240
since the 5th of November, to prepare psychologically to January 20th. And I think, you know, he warned them.
00:48:20.240
He warned them that he would be taking action from day one by the end of sundown on day one. And it's been the case.
00:48:30.240
Bringing comments all in particular on the iconography. It was just amazing, Nora, that you were able to
00:48:38.240
pick that up and share with the audience. Where do you go for social media, ma'am? Where do they go to
00:48:42.240
find you about all your commentary on all things against the technocracy?
00:48:48.240
My sub stack is norbinladen.substack.com. And my ex is norbinladen. And thank you so
00:48:56.240
much for having me on, Steve. It's always a pleasure to be with you, the team, and the war room posse, of course.
00:49:02.240
Great coverage, ma'am. Thank you for standing out in the freezing cold at Davos. Now that you're back in warm and
00:49:08.240
staying up so late at night every night, we appreciate you.
00:49:16.240
Captain Fennell is going to stick with me because I got some specifics about President Trump demanded
00:49:20.240
5% of GDP and got into it a little bit with the CCP. We're going to drill down more on that.
00:49:26.240
Somebody that was there with us for the entire first time,
00:49:32.240
You're in the White House. You're at the State Department,
00:49:36.240
You know President Trump. I know you're very proud.
00:49:38.240
You made a conscious decision to be part of this young pack of entrepreneurs
00:49:45.240
You were back for the inauguration. I was glad to see you.
00:49:48.240
You're obviously very dialed in at the highest levels.
00:49:52.240
Tell me about your new life in building, being one of these entrepreneurs.
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Or taking President Trump's call in building a new economy for a new golden age.
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It was great to see you briefly this past weekend.
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I am feeling a little under the weather because there were so many events that I attended
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on behalf of the new president who I'm so excited to see.
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In fact, it's a little surreal seeing him give press conferences.
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And then I decided to move back out west and start this business.
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Because I believe that there needs to be a strong network of businesses on the outside supporting President Trump.
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And enacting his agenda of promoting American manufacturing, American jobs.
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You know, we support great Americans who work for us.
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We don't use any sort of weird H-1B or H-2A visas.
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We only hire Americans unlike a lot of other agricultural companies.
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So we're just here on the outside supporting his agenda.
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As you see on the screen now, use code word WARROOM for 10% off site-wide.
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But, you know, the War Room Posse was with us from the beginning.
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And we want to make sure that we will always take care of you guys.
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Because you guys are really the reason why we're so successful right now.
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I don't know if it's too much partying or too much cold out in the cold.
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It was just the non-stop, you know, party to party to party.
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We're proud to be proud to be partners with them.
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Philip Kaufman's classic masterpiece about the Mercury astronauts.
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I want to warn you of a huge change that could be coming to our money and our bank accounts.
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First, think back to 9-11 shortly after the government pushed through the Patriot Act.
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This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet.
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Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author, is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.
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In fact, some of the guests I've had on the war room believe that the government will soon expand their powers to track our every move.
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If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA, the government may be able to shut us out of our bank accounts.
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I can't say for sure if this will happen, but it's an interesting and dire warning.
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Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming and how to protect yourself from the possibility of programmable money.
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Watch Jim's warning video now before it's censored like I've been in the past.
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That's RickardsWarRoom.com now to see the video.
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I'm a sacred human really trying to fill this gap of quality supplements and of course the beef liver being our flagship products.
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For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc.
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And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general.
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So we have some other amazing products, but if you'd like to check us out, you can go to SacredHumanHealth.com and cheers to your health.
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Yes, heart disease is the number one killer every year, year in and year out.
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Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart.
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A healthy heart is key to being energetic as we get older.
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It is never too early to take care of your heart.
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You can start in your 30s and when this happens, you're at serious risk by the time you turn 60.
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If you want to take care of your heart and those you care about, please go to WarRoomHealth.com.
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That's WarRoomHealth.com, all one word, WarRoomHealth.com.
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Use the code WarRoom at checkout to save 67% of your first shipment.
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WarRoomHealth, all one word, WarRoomHealth.com.
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If you're going to be part of the posse, you need a strong heart, you need a lion's heart.