Episode 4358： Cutting The Actual Meat Of The Budget; More Commerce Less Media
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Summary
The fight continues on all fronts for President Trump and the judicial coup against him. President Trump has revoked the security clearances of some of his own family members and associates, and has ordered the removal of the security clearance of another family member of his, the one and only Hillary Clinton.
Transcript
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this is the primal scream of a dying regime pray for our enemies because we're going medieval on
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these people here's not got a free shot all these networks lying about the people the people have
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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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the world to stop that but you're not going to stop it it's going to happen and where do people
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like that go to share the big line mega media i wish in my soul i wish that any of these people
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had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
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country this country will be saved war room here's your host stephen k bann
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it's saturday 22 march your lord 2025 um the fight continues on all fronts for president trump
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and uh yes you're not tired of winning yet but there's some huge huge massive victories there's
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also you know let's be honest this judicial insurrection judicial coup has got to be dealt
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with one thing that's happened is um president trump last night uh yesterday uh revoked the
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security clearances of anthony blinken jake sullivan lisa monaco that demon lisa monaco that demon at
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the um at the justice department mark zade norm eisen letitia james alvin bragg andrew weissman
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hillary clinton elizabeth cheney kamala harris adam kinzinger fiona hill alexander vindman joseph biden
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jr and any other members of joseph r biden's jr's family he revoked the security clearance of biden
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all of them i've got a list of what has to happen since that i'm gonna put it up in a second
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tage gill i need i need today or first off tage since you put your life in your line on the line
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with i don't know 12 14 deployments in in combat zones in bad neighborhoods uh when you see president
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trump taking action like revoking uh security clearances for hillary clinton and people should
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know that tage he's now the head of i think the finest coffee company out there and i'm an aficionado
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of coffee particularly well-made coffee and particularly the tougher ones you got to make
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which is the dark roast because this is the finest ever and people know i'm a dark roast fanatic
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but you got into actually doing this coming out the seals and being a contractor um or gunman as we
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call it and then running security for me for a couple of years and others um you started because
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you got so upset and so incensed by the benghazi situation that you guys started t-shirts and
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hoodies and stuff as as to to make a point about hillary clinton right and how the established order
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didn't care about they just they they they they didn't care about the casualties they didn't care
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about the deaths they didn't care about they would put people in harm's way uh and not think twice about
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it and and then not do anything to have people's back that's what got the uh the fighting men and
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women this country i think started to turn on this interventionist mentality not you got um greater
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young patriots today than you've ever had i made this movie with the great michael pack called the last
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600 meters and it was about uh fallujah first fallujah najaf and second fallujah and second
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fallujah the first fallujah najaf were bad i mean really bad second fallujah is about as bad a fight
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as the marine corps and special forces have ever had and uh we took this we were screening it for
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certain groups and we screened it for a group of force recon marines world war ii veterans from
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pelelu terawa i mean the killing fields these were these were fights in amphibious assaults
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as bad or worse than omaha beach okay i mean this is these are killing zones the force recon marines
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are the ones that are going for it first and we showed last 600 meters and last 600 meters basically
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has guys like tejio kicking down 200 000 doors in in fallujah after every bad element in the world the
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chechenians all the bad guys in the world had gotten there and it is a film that's i don't know
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an hour and 90 minutes two hours it's nothing but bravery the entire time but you see at the highest
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command level not the military command but the civilian command it's just they're in they're out
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they can't focus it's terrible so we showed it in this screening out there to these folks in uh that
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the bravest of the brave the greatest generation's greatest the marines at terawa the marines at
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pelelu the marines at saipan and this is the leader of the elite and afterwards some little a little
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because these guys are in the 80s and 90s by that time they turn to like michael pack and say
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i can't believe the bravery of these young people and you sit there and go well hang on sir you're the
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greatest generation's greatest you're the tip of the tip of the spear for the greatest generation
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and they say no no you don't understand we were 17 18 19 years old and we were told
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you hit the beach and you're going to clear cut everything in front of you is dead you're going
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to just clear cut it and you they're not going to move back one inch and there's no human thing of
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kicking down a door and worrying about the children running around or using the children as human shields
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of the wives he goes i don't know if i can handle that i don't know if i can handle the mental stress
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and when you sit there you talk to pack and you see what the result of these and then guys from
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vietnam people saying hey hey you know the the orders back then were very different and then you
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see what you guys went through and what these people went through you realize and then you this
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is why it's so powerful he cut the security clearances off these people and this is just the
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start because remember when you cut their security clearances off they can't make they can't dying
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off the uh off the uh they can't they can't live like they used to live because he uses they
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monetize these security clearances to be big shots and get all these big contracts tage gill your
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thoughts about uh finally you're getting the comeuppance on hillary clinton she had a security
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clearance stripped of her last night by the commander in chief of the united states president trump sir
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i think i think it's long overdue steve um yeah talking about benghazi she she's the reason that
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benghazi happened you know obama didn't send in reinforcements when benghazi happened but it would
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have never happened if she wasn't the secretary of state there was over 600 uh requests for security
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upgrades on in the benghazi um the benghazi state department compound so if those security requests
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would have been answered and the security would have been upgraded at that compound in benghazi
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then that compound would have never been overran they had no cameras the gates were unlocked the
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security guys didn't have their body armor and weapons on them and they had a bunch of ragtag
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libyans guarding it and there was there was no marines there i mean i can go on and on but
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it was a disaster waiting to happen and it was because she denied the security upgrades because
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she didn't want to put in a threatening american posture in that town the red cross and all the
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other countries had already pulled out so i think i think it's long overdue that she had her clearance
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pulled what she doesn't need it anymore she's not part of our government anymore you know if the
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administration down the line brings her back they can reinstate the security claims but she doesn't
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need it but she's so she started the she's part of the permanent government that's why i'm so glad
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it was it was stripped of her and the others uh yeah you you went and started doing the t-shirts and
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now you're doing the coffee tell me i need a cup i need a cup of coffee i need straight and here's
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the beauty of the coffee you don't need cream and sugar this guy has worked for years to get the
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right beans the right process to do the process in a correct way it's not mass produced this is this
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is crap this is like a craft this is like a craft beer right you guys do this as a art in a science
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it's a craft beer it's it's the champagne of coffee you can only drink this black don't cut it with milk
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and sugar you're not going to get the full taste and flavor of it tage how do you do it yeah you got
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you go to warpath.coffee that's the website that's where you can buy it and you're right it is like
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a craft beer or champagne of coffee we we perfectly roast it we don't burn it at all so you can drink it
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just straight black you don't need milk and sugar to hide the the taste of the burnt beans so our coffee
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we roast it on a perforated drum it's perfectly roasted and it is amazing i haven't checked the last
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couple days but it was somewhere around 7 500 five star reviews and it's it's constantly growing
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and we sell tons of this stuff like we can't roast the coffee fast enough people love it and you can
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drink it straight black it's healthier that way so for the war room posse we have a promo code war room
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and that gets you 20 off and the website is warpath coffee you know we do 20 off for the war room posse
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because the war room posse supports us so we support them the promo code is war room and the
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website is warpath.coffee you got it you got to try it it's the best coffee we got tons of blends
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we got ground whole bean we got two pound bags 12 ounce bags we got k-cups we got espresso
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here's the thing you got to do is read the reviews don't take it from tage don't take it from us just go
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the site look at all the different nuts products but how the whole process is laid out read the
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reviews of the because these are your compadres these are the guys that watch the show and go on
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and 7 500 and growing hundreds like feels like every week it's just incredible tage one more time where
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do people go because i need it's a saturday and the show's been the show's all week there's no let up
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it's not i would love to talk about something light but there's nothing i mean when you're in the
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this audience in this movement we're in the middle of this fight now right you got to keep fighting
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every day so uh where do people go to get a good hot cup of coffee warpath.coffee is a website and
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use promo code war room you get 20 off your order and that's for the war room posse so warpath.coffee
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promo code war room you got to try it it's the best coffee stay in the fight keep watching the war room
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and keep voting for maga politicians that's how we win maga maga maga love you brother
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thank you get back to work get some more coffee get back to work okay please can we grace or if
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and mo can you get it in the chat but let's get it up on the screen i want to make sure so i thought
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this through last night when they revoked the clearance and i attached the uh gunter a eagleman
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had put up the uh had put up the announcement so i attached it to his tweet and i want to walk
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through this i want to be uh if we can get this post up i want to walk through this so revoke the
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security clearance i said step one is complete step two is revoke any government pension
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step three this is for these people lisa monaco weissman uh hillary clinton kinzinger
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uh cheney and many more kamala harris biden old man biden's got three so number one's complete
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take security clearance number two revoke any government pension number three prohibit any
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government work not requiring a security clearance so no government contracts at all
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number four commence formal investigations both doj and fbi commence formal investigations number five
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subject to fruits of that investigation in panel grand jury step six formal indictments step seven
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trials step eight incarcerations made a left i don't know if i left anything out but that's the
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arc of what should handle these people we got to clear this rat's nest out this massive victory of
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the law firm they're cowards they will crumble they're not going to be talking big we got to get now
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we've already done brennan and the guys the 51 that includes in that group too
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when president trump puts the stink eye on you good things are going to happen
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this is days of thunder this is flood the zone this is everything we ever envisioned all the work in all
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those years every day pounding away pounding away pounding away department of education and we
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having him time to play the branch yesterday of the white house staff and people putting this
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together is that they put the entire 1.7 trillion dollar loan portfolio and other new loans they're
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cutting off they gave it to the small business association small business authority to manage
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and then everything with the children everything with health everything they gave to bobby kennedy over
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health and human services so they gutted 90 of what doe does so the fight over department of education is
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like a rear guard action every day they're pounding they're pounding they're pounding they're pounding
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we need you at the ramparts we need you in the next couple weeks that's what i'm so concerned
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about you guys getting tied up with uh on like your home title if you're lucky enough and remember
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people under 35 years old most of them don't have homes home title lock.com they get the triple lock
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million dollar commitment promise protection 24 hour coverage 24 hours in an alarm in the middle of the
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night if somebody is messing with your title because that's your contractual note that shows you own
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the real asset that you say you own and if all else fails they have a uh one million dollar
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restoration project principally around legal go to home title lock.com steve 25 check it out today
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what if he had the brightest mind in the war room delivering critical financial research every month
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steve bannon here war room listeners know jim rickards i love this guy he's our wise man a former
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cia pentagon and white house advisor with an unmatched grasp of geopolitics and capital markets
00:15:17.900
jim predicted trump's electoral college victory exactly 312 to 226 down to the actual number itself
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now he's issuing a dire warning about april 11th a moment that could define trump's presidency
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in your financial future his latest book money gpt exposes how ai is setting the stage for financial
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chaos bank runs at lightning speeds algorithm driven crashes and even threats to national security right
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now war room members get a free copy of money gpt when they sign up for strategic intelligence this is
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jim's flagship financial newsletter strategic intelligence i read it you should read it time is running out
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go to records war room.com that's all one word records war rooms records with an s go now and claim
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your free book that's records war room.com do it today use your host stephen k bann
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so philip's going to join me we're going to talk about the um federal reserve and particularly these
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new forecasts on growth rates because this is going to get down to the economy obviously as we said in the
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debt's existential i'll go through some of that uh in the segment with um with philip
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these growth numbers have concerned me a lot particularly when the fed comes out and people
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don't they kind of miss it we got to talk about that now we have to talk about that now we'll do
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more next week um why are they saying it's 1.7 percent and you got to back out government spending
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back out government spending we're gonna and people can tell the business environment is just not
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clicking because president trump what he's doing is going to take a while to take impact and you're
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still recovering from the biden situation until you cut the government the massive government spending
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you're just not going to get there that's why the doge thing is so important but that's why we have to
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and i'm calling for the impoundments andy biggs broke it last night we got to start the impoundments
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like in the next couple weeks to know what this number is also the the the secretary of commerce has got
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to and i don't like to uh criticize these folks is under such pressure to do it but the secretary
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of commerce are to do more commerce i've got it up on getter more commerce less media his discussions
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of social security are not helpful they're not helpful president trump has a very complicated
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uh situation which he's trying to juggle everything to bring peace and prosperity and the pressure is
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enormous as you can imagine geopolitically and geoeconomically with the tariffs going to go on
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the reciprocal tariffs going to go on the second he's got a huge huge undertaking he needs assistance
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we don't need diversions on like you know getting this social security thing up bigger than it is and
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i think we do need to know because this judge is now trying to shut down what is actually the waste
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fraud and abuse if it's there kind of identify it what it is even if it's a range um and then get back
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to the and this is why i was glad that elon was at the pentagon yesterday because we're not making any
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i don't see any progress at all on the pentagon either the waste fraud abuse i saw you know pete and
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these guys came with a couple hundred million dollars that's fine but it's a 900 billion dollar
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enterprise folks and they're going to have to be some cuts you're going to you're going to get
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people like bannon you can't say that we're not defense hey i'm giving you a reality check if you're
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not going to cut the defense budget you're not going to get to the rest of the discretionary spending
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that's just the mathematics the physics of modern american politics and president trump can do a lot
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but right now he can't change the law of that part of the physics right the votes are just not there
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anyway win after win after win but commerce secretary more commerce just get off media you're you're not
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good at it let me be blunt you're not good at it it's not helpful president trump's the master
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if you got something to say have the master say it because he's he's the best there ever was
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uh also records i know you like the geopolitics law in the capital markets go to
00:19:14.440
recordswarroom.com you get access to strategic intelligence the monthly newsletter you'll
00:19:19.320
absolutely love it he's a now major contributor over here uh with uh for the war room posse you
00:19:24.840
get the free book too about artificial intelligence and capital markets called money i think gpt it's a
00:19:31.240
must read it'll keep you up at night kind of scary but hey you're big boys and girls uh recordswarroom.com
00:19:37.600
strategic intelligence give it a chance you'll love it if you love the stuff we come to the show you'll
00:19:42.220
love this too strategic intelligence mike lindell i know that you've been you're supporting early
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voting in in wisconsin because that's the rules of the game you are working with president trump
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obviously to get one day all paper ballots game day voting uh but that's not here i know you support her
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i just want to make sure everybody understands that that keith ellison is trying to shut down not just
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the charity they're doing that your foundation your philanthropic but they're coming after to shut
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you down your business because they don't want you to have a voice sir that's exactly right and
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steve i want to i want to reiterate a little bit the importance of this wisconsin race everybody
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the wisconsin supreme court back in the day they made some good rulings for election on the election
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platforms and what was going on a few years ago in our fight against robin voss and others that we had
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in wisconsin wisconsin supreme court this is how important these races can be but this one is
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critical this one i can't stress the importance of this race coming up on april 1st and um i just
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wanted to put that in there steve because when we i know where our successes were and where uh where
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our blocks were and the supreme court they were brave they were brave back then that they made they
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actually made rulings instead of kicking things out for standing and sanctioning people so i just
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wanted to put that in there and then on the other on the other side of the coin when we have bad
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politicians like keith ellison the attorney general of minnesota he is very afraid i they're they're
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even regurgitating old information mike lindell is going to run for governor of minnesota um we you know
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so they're pushing this stuff out there um right now and and i don't this big attack on my pillow
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and on my charities and on my um um the recovery network and it's disgusting steve
00:21:27.860
it is disgusting talk to me about the company sell me a pillow in the in the time we got
00:21:35.120
with the company here's we had all these sheets all these percale and giza sheets we ordered
00:21:42.100
for this spring we had a couple box stores that we're going to take them back in and now i don't
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know if it's the news or whatever they're they're sitting silent on us they've gone fox on us they've
00:21:51.980
gone silent on us so what we've done i said you know what i'm tired of it what they would have
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paid the wholesale prices now the war room posse gets to pay so they there it is 29.98 that's what
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they would have paid in wholesale they would have doubled the price in the box stores for you you
00:22:09.340
would have paid 60 70 dollars for a queen size set 29.98 for the queen size and uh 34.98 for the king
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size you guys these and wait and while they're gone and when they're gone they're gone we have so many
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that were allotted for the box stores we're going to sell it to the war room posse so go to mypillow.com
00:22:29.480
scroll down we put steve front and center there click on him there's your queen specials and there's
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all the other exclusive war room specials one of the ones you guys is those premium my pillows
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where it all started they're now made with giza cotton covering 18.98 for the queen 1998 for the king
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uh call my operators today they're all standing around waiting for the war room posse to give
00:22:54.360
them a call 800-873-1062 i am in my office today i'm gonna go down i'm gonna take one of those calls
00:23:02.340
we're actually doing some other filming i enjoy talking to the posse let's get him let's get the
00:23:07.140
phones ringing amen let's let's light those phone lines up you'll get to get mike lindell on the phone
00:23:13.700
put him to work make him sell you some sheets love you brother all right gotta keep mike lindell
00:23:19.140
going he's absolutely he's absolutely correct about the voter that's all the wisconsin issues
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you got second amendment issues you got right to life issues you got election integrity
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the what it means you see how radical she is about the child molesters not even counting the national
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issues talking about issues this is all about families healthy families in a healthy country
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make america healthy again make america great again our two great movements and also another
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one's about having babies kevin dolan natalism means what are we not having enough babies enough
00:23:52.440
healthy happy babies sir no sir uh no one on the planet is having enough babies and uh and particularly
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not uh in the united states and you mentioned uh the the debt being existential and and sort of the
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growth numbers being disappointing uh that's sort of uh where the rubber meets the road on the economy
00:24:12.860
um basically there's only two ways an economy can grow one is through technological advancement and one
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is through population growth and basically with our population declining as fast as it is we're headed
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for a situation where we cannot maintain the growth necessary to make capital markets function
00:24:29.580
so that's uh you know in terms of your listeners that's that's your 401k that's the value of your home
00:24:34.540
that's the value of the dollars in your checking account it's all predicated on it doesn't have to
00:24:39.180
be like crazy growth all the time it doesn't have to be everybody having eight kids but if you don't have
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reliable population replacement you can't maintain the basic level of growth that's required for capital
00:24:50.780
markets to function and so everything falls apart in addition to the fact that you know uh i think your
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listeners are probably seeing in their own families like they want to have grandkids and and uh and that's
00:25:02.380
that's harder and harder to come by uh these days and so we are trying to bring people together both
00:25:08.060
experts and just people who care about this uh to see if we can find solutions to this problem whether
00:25:13.740
it's you know policy solutions we've got a very friendly uh white house in terms of uh elon and and and jd
00:25:21.420
vance and and many of these uh people including the president you know the president's got this great
00:25:26.540
example of a big family that loves him and i think that's that's sort of a legacy that that almost all
00:25:31.740
of us uh want and uh you know it's great to see like little kids around the white house again and so
00:25:38.300
like from a policy perspective we have this really golden opportunity to uh to solve this problem
00:25:46.300
uh what's it you got a big conference coming up i want to give all the details of the conference
00:25:49.900
and how do people go online now and check it out see if they can attend
00:25:52.940
that's right it's natalism.org and we're offering uh promo code war room 50 for 50 off the ticket it's
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yeah so it's uh natalism.org is the twitter account or i'm extra dead jcb
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what is it dust jesky starts off with anna calarina
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every happy family all happy families are the same but each unhappy family is unhappy in their
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flinch for a moment remember the president united states all gas no break we're going to talk the
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economy and capital markets and get real next philip patrick joins us from birch gold we'll be
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jace and do it today war room here's your host stephen k bannon
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okay welcome back um philip patrick joins me now philip a couple things i want to get into the
00:29:32.620
obviously gold precious precious metals what's driving but i gotta ask you you know the fed came
00:29:37.500
out this week and you know all the noise was about they're not going to cut and uh and in fact
00:29:43.340
they project out two cuts for the rest of this year but they're not cutting now that kind of get
00:29:47.660
the headlines but then underneath it he gave out their numbers and particularly a new projection
00:29:52.940
for the year correct me if i'm wrong my calculation they said the growth for the year for the economy
00:29:58.620
was going to be 1.8 percent and they've ratcheted that down uh and he talked a little bit about a
00:30:04.300
tariff drag although i don't know how that could be since tariffs you know really have um have been
00:30:09.500
held an abeyance not supposed to on april 2nd kick in with these reciprocal tariffs but my concern
00:30:16.780
overall is that unless we see i mean my number is three to three and a half percent if you don't get
00:30:23.100
to three to three and a half percent you we're going to have real problems here the trump supply
00:30:28.060
side tax cut from the first term gave us three and a half percent growth in the fall in christmas
00:30:37.260
season of 2019 before the pandemic hit which is really the best real sustained growth we've had
00:30:42.940
with low inflation and low interest rates i don't know since the early parts of this
00:30:47.900
or at least since before the financial crash in 2008 your thoughts sir yeah i couldn't i couldn't agree
00:30:55.020
more uh numbers coming out were were very concerning gdp growth was revised down 2.1 to 1.7 for this
00:31:02.620
year and as you say 1.8 anemic growth for the next two years meanwhile the feds favored inflation gauge
00:31:10.780
core pce now projected to rise 2.7 percent this year up from 2.5 the general feeling from the meeting
00:31:19.420
was it was a suggestion of a stagflationary climate and i think broadly at the moment and i'm stressing
00:31:26.780
the word shorter term investors seem to agree there was a recent survey amongst bank of america
00:31:34.140
investment managers 71 said they expected to see a stagflationary climate develop over the next year
00:31:42.380
and concerningly at least short term they're doing something about it we're seeing a record sell-off at
00:31:49.020
the moment in u.s assets more concerningly though with the study wall street thinks that the era of
00:31:56.140
american exceptionalism is now behind us two-thirds said that the historic outperformance of u.s capital
00:32:03.340
markets compared to the rest of the world has peaked now this for me is is is a problem right we've
00:32:10.300
discussed before uh the u.s constitutes about a quarter of the world's gdp yet u.s markets hold about
00:32:17.420
60 percent of the world's investments so a shift in sentiment could see a major decline across the board
00:32:24.780
a large sucking sound as a third of the world's net capital flees the u.s now tariffs are being
00:32:32.540
blamed largely for this policy right powell's saying specifically he can't lower rates because of
00:32:39.020
tariffs according to the fed tariffs are the only thing to blame for this potential stagflationary
00:32:45.820
bail um now he didn't use the word stagflation quite interestingly he used the word transitory which i
00:32:53.980
was very surprised about that he would ever call anything transitory again after the the sort of
00:33:00.140
palaver in in in the pandemic panic but look one thing i think people need to understand is shorter
00:33:06.460
term prices will go up but what that means is that the policy is working right the whole point of
00:33:12.300
tariffs is to raise prices if they don't go up the tariffs didn't work but i think the fed at the
00:33:18.540
moment seem to be in a better position right now they have a scapegoat in the form of trump and
00:33:24.140
tariffs but one thing that i do want to stress to people it's a mistake i think to over emphasize the
00:33:30.940
capital flight shorter term we have to remember that short term markets are voting machines but long
00:33:37.900
term they're weighing machines and i think the way to get out of this mess is to get capital to return to
00:33:43.500
the us and trump's economic plan i think will be crucial to that so shorter term a ton of volatility
00:33:50.460
but longer term i'm hopeful i won't go back to the um the gdp number and help me understand this
00:34:01.580
if there's if the fed saying now remember the fed has and i'm sure after doge gets there won't have
00:34:08.220
i think they have 900 professional phds in economics but if they have all this modeling
00:34:14.140
and they're so sophisticated and they're primarily you know you have commerce has their outlook
00:34:20.060
treasury has their outlook uh the national economic council under has it has its outlook you have peter
00:34:28.060
navar over there at the manufacturing czar he has his outlook labor department has their outlook so
00:34:34.220
there's many different uh sources of information and data in the united states government which
00:34:40.380
quite massive then you've got all the investment banks and as you know the institutional architecture
00:34:46.700
of the financial industry is massive you expect something that doing trillions of dollars a year
00:34:51.740
and i think in currency trains of dollars a day what what concerns me i don't think people are
00:34:58.780
sitting there going hey world we have a problem is when they say the united states is 1.7 percent
00:35:04.860
growth this year folks the the the the system we have at 1.7 percent growth and you take out
00:35:13.180
government spending that's a recession in the real world because you still have this massive you have
00:35:19.260
these massive you run into two trillion dollar deficit you're spending six and a half to seven trillion
00:35:24.700
dollars in government money and that doesn't really include all because there's all these side pockets
00:35:30.220
too that are out there but then you look at china and i think the way i calculate china besides the phony
00:35:35.980
numbers the ccp give you and the bank of china give you you're at around two percent growth two and a half
00:35:41.900
percent growth max in china you weight average because that's what 60 percent of world's gdp or at least
00:35:48.220
over half the world's gdp you have the two engines that have pulled the train for so long in growth at
00:35:58.300
about two percent the model doesn't work at two percent this is my point about we have three hundred
00:36:03.820
trillion dollars now a face amount of debt at every level credit card debt local war school district
00:36:10.380
debt county debt uh state debt city debt on the globe you know government debt bonds everything you
00:36:17.340
add it all up it's like three hundred trillion dollars are we not heading for the world's
00:36:23.020
biggest margin call because the era of and this is why we did the six free installment of modern
00:36:28.380
monetary theory we wanted people to understand the idea that kind of not that had been bad before but
00:36:34.140
they had a ideological justification to do this the deficits didn't matter every type of government in
00:36:40.380
the world and particularly uh the u.s government they had the ability to print money fell into this trap
00:36:45.980
and now i just see and this is why i keep saying that gold is a hedge you know gold's been on a
00:36:51.980
tremendous run as an investment but it's not really it's never done that in history it's always been a
00:36:56.380
hedge against times of financial turbulence so i look there and just say we have not been wrong in
00:37:01.820
these numbers once in the last five five years since show server particularly since you guys joined as
00:37:07.020
our partner that there's something very scary here and that and here's what really got me when the
00:37:12.940
fed national side the other day it does it didn't go to defcon one which i thought it should have
00:37:18.300
everybody focused on once again the easy money and the easy money under biden is one of the reasons
00:37:24.540
we got here with the inflation it's not a solution right now it's only it's only i think it's only a
00:37:30.620
potential problem so uh philip patrick that's my rant i'll turn it back over to you but i would say
00:37:37.340
for our audience you got to be on the watchtower now not just for the country as we push forward
00:37:43.020
you know and this is my problem with doge i just don't see the cuts coming though i don't see the
00:37:46.860
waste fraud and abuse and people say who has it what i haven't seen hard numbers associated with
00:37:50.860
some of these things what they have done is programmatically has been identified before
00:37:54.780
department of education usa id they've been an instrument to help take down like usa id but actually
00:38:01.100
when you talk about the numbers they get that six and a half trillion spend
00:38:04.700
down to five and a half trillion which is critical then we can kind of survive i don't see it i just
00:38:10.620
think people should have been more general quarters when the fed comes out and said hey the growth
00:38:14.140
ratio is 1.7 sir yeah you're absolutely right and everything we've been talking about for years
00:38:22.460
is coming to fruition but the reality is that our economic model does not work at two percent growth
00:38:29.180
debt at that level grows faster than income and we know what happens when that happens so
00:38:35.740
you know everything we've been talking about for a long time is playing out in front of us and
00:38:40.620
that's why it's time to make the tough decisions that's why we have to push forward with trump's
00:38:47.180
policies look shorter term it's going to create volatility it may push us into recession but at some point
00:38:53.820
we need to start tackling the issues and rebuilding we need to curb the spending i agree with you i don't
00:39:00.140
think at least as it's set up currently doge has the cuts can make the cuts i think if we're unwilling to
00:39:07.740
look at social security or defense spending it's going to be impossible to plug that gap but ultimately
00:39:13.420
we need to look at doing it sooner rather than later because the position we're in we cannot continue
00:39:18.460
with and this is happening on a global scale it's not just here in the united states it's happening
00:39:24.380
around the globe as you say the biggest margin call in history is in front of us and you know
00:39:30.140
precious metals throughout history have always been a way to hedge right not only for stagflationary
00:39:36.220
climates last time we saw stagflation gold grow over two thousand percent from the early 70s to 80s
00:39:42.460
but in climates where you know so much is at risk in terms of currency in terms of the dollar in
00:39:49.740
terms of global reserve status now is the time people need to start looking at precious metals
00:39:55.260
and just look at the prices there they tell the story but this is why gold historically has been
00:40:02.860
impression has been a store of value in a hedge against turbulence why what give us we got a couple
00:40:08.540
minutes here on this side of the break just give me a couple minutes why has it been on such
00:40:12.300
a tear i think we first started with burst gold it was like 1100 an ounce and the last year is like
00:40:18.300
why has this been on a tear when historically that has not been the case sir well listen for for our
00:40:25.500
lifetimes the us dollar has been king and and that position today is i mean we're still king but it's
00:40:32.220
coming under threat right we're seeing de-dollarization happening around the globe we're seeing global debt
00:40:37.740
levels spike we're seeing inflation burning around the globe right and in times like this there is
00:40:45.100
always a flight to safe haven commodities right this century is looking very different to last we're
00:40:50.940
starting to uncover big problems we've lived you know we've amassed debt at a level never seen before
00:40:59.020
on a global scale and when you do that you start to see the fragility of currency and we're doing that
00:41:04.940
let's not forget the dollar's lost 21 of its purchasing power since since the pandemic that's
00:41:10.940
four and a half years ago that's a big problem for us domestically but it's a problem for central
00:41:16.300
banks around the world and they are doing what they have always done which is turning to gold in times of
00:41:22.220
in times of crisis and you know we're seeing a lot of different problems converge and i think like i said
00:41:29.100
and i've said many times there isn't a better asset class for precious metals for climates like this
00:41:35.740
and that's why demand is at all-time highs and it's why gold prices are moving and will continue to move
00:41:43.980
okay we're gonna take a short break when we get back i'm gonna ask um well i'll ask him now look for
00:41:48.940
the answer on the other side central banks are the smartest and i tell people all the time i said look
00:41:53.580
you know i went to harvard business school but now every central bank every country's got guys
00:41:59.100
who went to harvard chicago stanford and they all have the hp 12c which is kind of the union card
00:42:05.900
that's the calculator the hand calculator from hewlett packard that's been the traditional union card i
00:42:10.220
think is the the younger guys have a more sophisticated version but it's basically what
00:42:14.300
you can do net present value and all your discounted cash flows they all have it these are all smart people
00:42:20.460
and what's been shocking to me over the last couple of years is every year we're getting
00:42:25.580
record rates of central banks not you the audience i mean yes on retail side and citizens that want
00:42:31.900
physical gold has been on the rise but you got central banks that are buying at record rates and
00:42:37.340
every new month it's another record rate that is a tell and i'm asking philip patrick to give us the
00:42:43.340
answer why is it a tell why are central banks been setting records of buying gold in the last couple
00:42:48.540
of years and why do you want to own physical gold short commercial break miles grow will take us
00:42:54.620
out with the take down the ccp and hey there's no central bank that's buying more and trying to hide
00:43:02.140
it than the chinese communist party's bank of china short commercial break philip patrick
00:43:21.020
you wish you could have invested in the stock market last year when investors scored the highest profits
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okay so uh philip patrick by the way birchgold.com uh slash bannon you get the uh or slash yeah slash
00:44:47.580
bannon you get the end of the dollar empire the six free installment we're doing something very special
00:44:51.900
gonna announce here shortly but you get the six free installment all of them are free you'll get
00:44:56.540
like a master's degree in uh capital markets and in um debt deficit all of it but the sixth one is the
00:45:03.580
end of the is the modern monetary theory the idea that broke the world and if all these uh uh fights
00:45:11.180
are going to have on debt ceiling all these fights are going to have on deficits and cuts and spending
00:45:15.260
and doge and all of it gets back to the rail head of a big idea and that idea was deficits don't matter
00:45:20.940
guess what they were wrong and it's very important for you to understand why they were wrong uh i tell
00:45:27.740
you somebody who focused on deficits understood this is the central banks why bank of china and
00:45:31.740
bank of china is buying and trying to cover it up the other banks don't do so don't really do that why
00:45:36.540
are one central banks buying at record rates and why is the bank of china gone out of the way to buy
00:45:42.300
at record rates and not want the world to know about it sir yeah uh look central banks have set
00:45:49.740
record uh records for the last three years over a thousand tons of physical gold bullion every single
00:45:56.780
year and the reality is because they understand that the dollar is declining right what we see is
00:46:01.820
inflation nations see as dollar devaluation and they don't want their reserves losing value factor in
00:46:09.100
that biden in 2022 weaponized our dollar making it less attractive for nations like china who have
00:46:16.620
one eye on taiwan to to keep holding large chunks of their wealth in dollars we've disincentivized the
00:46:23.100
world now the dollar is still the tallest midget in the room the problem that the bricks have is they
00:46:28.940
don't have a currency that can usurp the dollar and that's where the gold buying is coming in by buying
00:46:35.500
gold central banks around the world are achieving two things right number one it's giving them the
00:46:41.100
stability that they need for an international currency in fact gold is a better trade financially
00:46:48.860
than the us dollar today in the same time period the dollars lost 20 percent of its purchasing power
00:46:54.540
gold is up over 40 the second side is a little bit more nefarious gold is a good vehicle for central
00:47:02.620
banks to de-dollarize right the more gold they buy the less dollars they hold and ultimately if that
00:47:09.420
trend continues the weaker the dollar becomes and the weaker the longer term argument becomes for the
00:47:14.940
dollar as the global reserve currency so i think the wheels are in motion bricks are using gold as a tool
00:47:23.260
to de-dollarize and the longer that continues the worse it is for us here in the united states and i think it
00:47:29.580
is going to continue the biggest single quarter was the fourth quarter of last year so the bricks are
00:47:35.660
moving and continuing to do so all of the war and posse rave when they get access to you guys and talk
00:47:43.340
about physical gold and the ownership i want to know right now where do people go to talk to you and
00:47:48.300
your team uh philip because that's really the differentiation of birch gold and everybody else
00:47:52.860
where do folks it is very simple birch gold dot com forward slash bannon that will get them access
00:47:59.500
to free information uh guides on on why and how to invest in gold under a trump administration as well
00:48:06.380
as the end of the dollar empire series which i know people love um so birch gold dot com forward
00:48:13.740
slash bannon or text bannon to nine eight nine eight nine eight either one will get access to free
00:48:20.460
information and they can reach me directly at philip patrick on ghetto uh philip patrick thank you
00:48:30.460
for taking your time on a saturday to join us here on our favorite show the saturday morning show
00:48:34.300
appreciate you sir thank you steve birch gold dot com check it out today but gold's been on a tear
00:48:43.180
our point it's not the price it's what's driving the price that's what you have to understand that's
00:48:48.380
what we're here to teach you once you learn how to fish you'll know how to fish forever okay given
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what's going on in the world the late great billy joe shaver get the behind me satan one of my all-time
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favorite songs let it rip i'll be up on getter all weekend and we will see you back here at 10 a.m
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eastern standard time when you will be back in the war room i looked into the mirror and i couldn't
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