Bannon's War Room - Episode 4573： Cutting The Blob Off From Foreign Money

00:00:00.000 Regarding the ongoing situation in Iran, I know there has been a lot of speculation amongst all

00:00:04.940 of you in the media regarding the president's decision-making and whether or not the United

00:00:09.160 States will be directly involved. In light of that news, I have a message directly from the

00:00:14.020 president, and I quote, based on the fact that there's a substantial chance of negotiations

00:00:19.440 that may or may not take place with Iran in the near future, I will make my decision whether or

00:00:25.260 not to go within the next two weeks. That's a quote directly from the president for all of you

00:00:30.540 today. As for correspondence between the United States and the Iranians, I can confirm that

00:00:36.840 correspondence has continued. As you know, we were engaged with six rounds of negotiations with them

00:00:42.160 in both indirect and direct ways in implementing a peace through strength foreign policy agenda.

00:00:48.280 And with respect to Iran, nobody should be surprised by the president's position that Iran 1.00

00:00:53.680 absolutely cannot obtain a nuclear weapon. He's been unequivocally clear about this for decades,

00:00:58.840 not just as president, not just as a presidential candidate, but also as a private citizen. In fact,

00:01:04.000 I have some quotes for you. In 2011, President Trump said, America's primary goal with Iran must be to

00:01:10.020 destroy its nuclear ambitions. We cannot allow this radical regime to acquire a nuclear weapon that

00:01:15.840 they will either use or hand off to terrorists. In 2015, the president said the problem is that Iran

00:01:21.580 poses the next essential threat to Israel, our Middle Eastern allies, and the United States. 0.56

00:01:25.840 And of course, the president has repeated that in his first term as president and his second term

00:01:29.700 as president as well. That's why he was adamantly opposed to the disastrous Iranian nuclear agreement

00:01:35.260 that was implemented by President Obama. And it's why he has given great latitude and given a lot

00:01:41.740 of effort to achieving a diplomatic solution. But he's been very clear. Iran went for 60 days when he gave them

00:01:49.560 that 60 day warning without coming to the table. On day 61, Israel took action against Iran. And as I 0.86

00:01:56.480 just told you from the president directly, he has he will make a decision within two weeks when you are

00:02:02.360 in a pivotal moment for a presidency, which I think it is fair to call this moment and the decision

00:02:07.560 of this magnitude arises. What do those conversations normally look like? And then compare that to what we

00:02:14.060 are seeing from this administration. Well, I don't think you should compare this administration to

00:02:19.120 anything else in American history. This collection of jokers and crackpots and crooks. We should not 0.99

00:02:26.120 allow the drama of the moment to efface from our minds what we know about this administration. It is

00:02:31.960 vacillating. It is weak. When President Trump says he needs two weeks, that means he's looking for a way

00:02:36.600 not to make a decision, not for a way to make a decision, that he enjoys the feeling of power in

00:02:43.280 his hands, but he flinches from the consequences of responsibility. He staffed his administration

00:02:48.280 with people who shouldn't be in positions of public trust. One obvious move that the Iranians would 1.00

00:02:53.660 have, for example, if the United States struck at them would be to activate terror networks inside

00:02:57.600 the United States and inside America's what remains of America's networks of all allies after

00:03:01.840 Trump's attacks on all the allies. So we've got a... Now, if you're going to defend the country

00:03:07.480 against those, you've got an FBI where they've laid off all the counterterrorism professionals

00:03:11.860 headed by jokers. You've got a Department of Homeland Security that has spent hundreds of millions and

00:03:17.740 millions of dollars on an advertising campaign to say thank you, Trump. Again, with kind of a play

00:03:23.780 acting director. You've got a Defense Department who's under the leadership that no one would put this

00:03:30.220 defense department under on the way to war. It just doesn't add up. So Trump loves bluster. He loves

00:03:35.820 talk. One other thing that the Israelis need to keep in mind, and my friends in the pro-Israel

00:03:39.860 community need to keep in mind, Trump betrays everyone who trusts him with one exception, and

00:03:45.620 that is Vladimir Putin, not Israel. He's betrayed his creditors. He's betrayed his investors. He's

00:03:50.600 betrayed his wives. He's betrayed his children. He will betray you to be wary of putting your trust in

00:03:55.740 him. And Israel's not a very exposed position. It's begun a war with magnificent success, 0.96

00:04:02.200 but it doesn't have an obvious way to bring the war to a successful conclusion.

00:04:05.820 It was counting on Trump to help them. They must have relied on indications. But there's two weeks,

00:04:11.220 two weeks. That's what Trump does when he's about to fold his cards.

00:04:14.800 As you noted, Fox is pretty heavily in the, you know, go to war with Iran camp. You know,

00:04:19.660 they've been pushing this for a very long time. This they see as an opportunity,

00:04:22.600 and they know that they have Trump's ear. I mean, even though the last election, there's

00:04:27.980 much to be made about the podcast and the internet, you know, so these online shows that Trump deployed

00:04:33.260 and used, that's not his go-to day-to-day. The lens through which he sees the world, even still as

00:04:39.640 president, is cable news. And Fox News is the main vehicle for that. That's why when he was criticizing

00:04:46.100 Carlson, he said, look, tell him to get a TV network, and then maybe people will listen to what he has to

00:04:49.760 say, because that's still the mindset. So Fox is all in on this, and they are reflective of

00:04:54.560 But why? Why, Angelo? Why are they all in on this?

00:04:59.660 I mean, look, part of it is straight bigotry. I mean, they really, you know, they have really

00:05:05.060 spun this narrative. We shouldn't forget about that, that Islam is a fundamental problem, 1.00

00:05:12.200 that we are in a battle for good and evil. And even though Hexth has been a little bit

00:05:16.320 sidelined in terms of his day-to-day involvement in this particular decision, let's not forget that

00:05:21.200 Pete Hexth, who is very reflective of the Fox News worldview, was somebody that described the great

00:05:27.020 conflict, not as one between the United States and China or other great powers, but as between

00:05:31.800 Christianity and Islam. And that we had to go out there and do everything we can, including using

00:05:38.440 our military, to put that back in check. So they see this larger geopolitical world through that

00:05:44.220 framework. And that is something that they've been pushing for a very long time. Aside from just

00:05:48.160 having that, that is also part of their foreign policy. They're, you know, they're not, they don't

00:05:53.300 believe that you should democratize other countries. They're just, they're warmongers. They believe in

00:05:57.320 might makes right. And even though they are repeating Trump's line of peace through strength,

00:06:02.420 they actually don't mean peace through strength. They mean strength first and then, you know,

00:06:07.520 have peace because you have nothing left after that. I mean, that's honestly what they're

00:06:11.060 actually saying. And it's core to the Fox News base. It also plays really well on TV. Like we

00:06:15.420 shouldn't lose the sight of that. You know, Rupert Murdoch cut his teeth in the tabloids. And one of

00:06:20.020 the big things that he always did was find the most horrible, horrific things that he could tell

00:06:24.080 stories about crimes, violent things, and exaggerate them, but also lay them into a demographic fight.

00:06:29.820 That's part of how he came to be. He sees news through that storytelling perspective. And then

00:06:34.640 you have people like Carlson and Bannon who have their own worldview. And a lot of it is

00:06:39.180 hyper-nationalist, and we shouldn't be celebrating that in that even though they are taking a position

00:06:43.740 here that seems more reasonable, it's coming from a really scary place. It is coming from either

00:06:49.160 straight up bigotry, you know, anti-Semitism, or a real deep, intense nationalism that is,

00:06:57.060 you know, even if they get to a destination there that seems peaceful, it's because they want to turn

00:07:01.360 their energy internally on what they see as domestic energy. That's the part that doesn't get sort of

00:07:06.340 carried through here is that they see the real threat not as foreign entities, not of these

00:07:10.820 foreign entanglements, but as you and me, as members of the media and as advocates and people

00:07:15.900 that are participating in civic, of civic spaces. That's who they see as the real target right now,

00:07:20.240 as enemy number one. So we shouldn't lose sight of why they're advocating for peace. But the net effect

00:07:25.040 of all of this, though, and this, I think, I think Senator McCaskill really illustrated this well in the

00:07:29.200 first segment, is that this is the confusion. This is why Trump is on the sidelines. If Bannon and

00:07:35.180 Tucker were either quiet or were in uniform with this idea that he should be bombing Iran, it would 1.00

00:07:40.700 have happened already. And because part of how he sees the world is through these stories, he's trying

00:07:46.420 to see how this particular chronicle plays out a little bit. You know, who wins in this narrative

00:07:51.760 for hearts and minds for audience share? And that's a big part of this is seeing how the story plays out

00:07:58.580 because he honestly isn't sure there's nothing grounding him. And now it's just what's going to end up

00:08:03.040 capturing the imagination of his base, of his audience. And where is he going to get the best

00:08:07.740 ratings for himself?

00:08:09.320 This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on

00:08:20.360 these people. I got a free shot. All these networks lying about the people, the people had a belly

00:08:27.440 full of it. I know you don't like hearing that. I know you try to do everything in the world to stop

00:08:31.360 that, but you're not going to stop it. It's going to happen. And where do people like that go to share

00:08:35.700 the big line? MAGA media. I wish in my soul, I wish that any of these people had a conscience.

00:08:43.960 Ask yourself, what is my task and what is my purpose? If that answer is to save my country,

00:08:50.860 this country will be saved.

00:08:54.000 War Room. Here's your host, Stephen K. Vance.

00:08:57.280 It's Thursday, 19 June, the year of our Lord 2025. Of course, today, President Trump talks about a

00:09:06.700 two-week delay. We're going to get to all of that, but I want to talk about one of the building blocks

00:09:11.300 I think that everybody in town is talking about. Jack Posobiec joins me. Jack, thank you. We're very

00:09:15.420 lucky to get the one and only Hugo Lowell from The Guardian that wrote this, quite frankly, amazing piece

00:09:23.040 about actually the tactics that we're talking about in the lethality of the weapons that we want to

00:09:32.060 use. Jack, I want you to jump in here and ask any questions. Hugo, I want to start. First off,

00:09:35.880 if the guys or a team in Denver can put up The Guardian article, walk me through, because this

00:09:43.760 was based on, I guess, a report, a bomb damage assessment or some report. Talk to us first,

00:09:49.420 what is the Pentagon report? Who is this group, DTRA, that carries so much weight? And why did this

00:09:56.840 story have such a big impact around Washington today? So DITRA is the Defense Threat Reduction

00:10:03.220 Agency. It is the component inside the Defense Department that actually tested and developed

00:10:09.040 the bunker bombs, the bunker buster bombs, the GBU-57s. They developed them. They helped

00:10:15.300 test them. And when the new admin came in at the start of the year, they kind of gave their assessment

00:10:22.720 of how effective these bombs actually are. And the way DTRA does this is they look at a bunch of

00:10:30.280 underground facilities around the world and they say, OK, it's at this depth and at this depth and

00:10:35.080 how far can our regular conventional ordnance penetrate? And the assessment that was basically

00:10:42.060 shown to a number of senior Pentagon officials this January was it doesn't get to the bottom

00:10:47.640 of the Fordow facility, the critical enrichment, the uranium enrichment facility that the Iranian 0.98

00:10:55.820 regime is using. And so it's really important if you think about why Donald Trump, you know,

00:11:01.280 wants to or is considering striking Iran's facilities, because if you cannot take out this critical 0.97

00:11:08.200 facility, then what's the point? And that's sort of the discussions that have been going on inside

00:11:13.200 the White House that I know you're aware of.

00:11:15.820 These are this bomb weighs 30,000 pounds, dropped at 30,000 feet. But the the actual TNT explosives of

00:11:24.340 it is not like a mother of all bombs. As far as the explosive capacity, it's really the ability to

00:11:29.720 pierce through steel, to pierce through granite, stone, whatever, to a certain depth, correct?

00:11:36.160 Yeah, I think that's a fair assessment. It's, you know, it's hard encasing. And at the tip,

00:11:40.240 it can kind of go through kind of concrete. And then once it and then it's explosion and its

00:11:44.500 shockwaves will reach to a certain depth. And this means that and what did the assessment say of how

00:11:50.200 many? Because the headline said, hey, you could drop four or five of these, but you may still need

00:11:56.200 to bring in a tactical nuke. Was that the conclusion of the report?

00:11:59.420 Well, okay, so I think this is where it gets nuanced, right? Is what does success entail?

00:12:06.200 Is it you're going to set the program back, what, one, two, three years, because you want to bury

00:12:10.800 it with a bunch of these bombs? And you know, you collapse some tunnels? That's one thing.

00:12:14.300 If you want to totally eliminate the facility all the way down to 300 feet, which is even deeper,

00:12:20.140 which is how deep the facility goes, according to Israeli intelligence, then the assessment of

00:12:25.420 of DITRA is you would have to drop a nuke down there. You'd have to drop a nuke to take it all

00:12:30.260 the way down. The Iranians, the Persians were smart. They built it at this depth. This, this was built 0.56

00:12:35.580 for a reason, correct? To be able to avoid the West being able to come in and stop it with a bomb,

00:12:41.420 with bombing runs. Yeah. Look, and you know, in the 1980s, Israel had a bunch of strikes on an Iraqi

00:12:48.740 enrichment facility. And the Iranians looked at that and said, well, it is obvious that if we're going to 0.83

00:12:55.380 do our own enrichment program, it needs to be underground to protect from the threat of aerial

00:13:00.200 attack. And so this is the predicament we find ourselves in now. Jack, any observations or

00:13:04.380 comments before you go to break? Well, it just goes to show you that, you know, when you're dealing

00:13:10.940 with precision munitions or even these semi-guided munitions like the GBU-57s, that it all comes down

00:13:18.260 to battle damage assessment. And even as a junior intel officer, when I first joined the service,

00:13:24.300 that you're, you're always trained that you take a hit and you got to take a look because

00:13:29.720 you never really know, even despite your best estimates, what is going to happen to whatever

00:13:35.140 facility or whatever compound it is that you're striking until you get that second look on it,

00:13:39.800 that second read.

00:13:42.440 Jack, hang on for a second. Hugo, hang on for a second. I want to thank our sponsor for this

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00:14:51.580 metals in the age of Trump, totally free. Make sure you get up to speed. Short break. Hugo and Jack

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00:16:27.040 Welcome back. Eric Daugherty's got a big Twitter following, puts out breaking. Prime Minister Netanyahu

00:16:38.660 announces Israel does not need help to reach its goals in Iran. He says they can accomplish their

00:16:44.020 goals alone when it comes to Iran's nuclear facilities. Boy, I guess he's watching War Room.

00:16:50.280 Hugo, yesterday you were the pool reporter. Tell our audience what's a pool reporter, because you've got

00:16:54.300 these major news organizations hanging around the White House. What is a pool reporter?

00:16:59.860 So it's a small group of reporters. You have a couple of TV people, a couple of radio people,

00:17:04.380 and a couple of print people who, because the wider press school that covers the White House cannot

00:17:09.080 always be around the president. And so the smaller pool, whenever, you know, the president wants to

00:17:13.720 speak to us, will stand in the place for the rest of the people. And it rotates every day, right?

00:17:17.580 It rotates every day. Different people. And you were one of the print guys for yesterday.

00:17:20.880 Yeah, I was the secondary print pooler yesterday. And, you know, we got to see the president several

00:17:25.800 times, three times, in fact, for pretty prolonged periods. And it was very striking because we saw him

00:17:32.940 in the morning when he was doing his flag poll raising event. And then we saw him again in the

00:17:37.260 evening just before he was going into his intelligence briefing in the White House situation

00:17:42.960 room. And both times he was kind of reluctant to talk about Iran. And having, you know, covered Trump

00:17:48.560 for a while now, my immediate takeaway was this is not a president who wants to go to war immediately.

00:17:55.440 You know, if you kind of read the body language and, you know, it's kind of speculative, right?

00:17:59.060 But if you read the body language and if you kind of see how he responded to the questions,

00:18:03.160 he really didn't want to talk about Iran.

00:18:05.000 You've covered Trump. You know Trump pretty well. You've covered him for a number of years, correct?

00:18:09.460 Yeah, more than four years now. Yeah.

00:18:12.180 Jack Posobiec, your thoughts and observations of what was announced today and what does it mean?

00:18:18.560 Well, Steve, we know that there was an intense lobbying effort to push President Trump to make

00:18:25.020 this quick decision, a rush to judgment, a rush to war. Many have called it regarding this strike on

00:18:32.720 Fordow. And a lot of people have raised and I think very substantive and good faith questions

00:18:40.620 about various optionality regarding this nuclear program or really the Iranian enrichment program,

00:18:48.740 which should be separated from the IC assessment here, as we've been discussing earlier.

00:18:54.280 And so I think that President Trump in his own, he's not going to be manipulated.

00:18:58.720 President Trump is not someone who's going to be pushed into one decision or another.

00:19:01.680 He is his own man. He has always been his own man.

00:19:04.900 And on questions of war and peace, he understands that the Iraq war is what destroyed the Bush

00:19:11.980 dynasty. And he was the first man to walk out onto a Republican stage and say to a scion of that

00:19:18.980 Bush dynasty that your brother made a mistake, that you did never apologize for this.

00:19:24.100 And to all those wounded warriors who came home with bits and pieces blown off and scars all over

00:19:29.960 their faces and moms and dads and children that never came home, that these things are deadly

00:19:35.400 serious. And so what look, it's like I said this morning, Steve, he's the one who appointed

00:19:41.100 Secretary Besant to work on the economic side of this and appointed Steve Witkoff to work as his

00:19:46.820 special personal envoy to Iran, Russia, and potentially even to China. And if there's anyone

00:19:53.420 who can make a deal that interlocks all of those together, well, that'd be the dealmaker

00:19:58.820 in chief, President Donald J. Trump, the man who wrote the art of the deal.

00:20:04.360 You've covered him for a number of years. You've seen, you've been following this quite intensely.

00:20:08.420 Reporting on this has been kind of second to none. What, how did you take that announcement

00:20:12.660 today? What is your assessment? Because it wasn't totally definitive. You know, he's made,

00:20:18.760 he's looked at a range of alternatives on the military side. You've been there and seen,

00:20:22.820 you know, the Pete Hegsess and the Marco Rubio's and the John Ratcliffe's. He's got his top national

00:20:27.020 security people in and out all day long, right? What's your interpretation of this two-week delay?

00:20:33.800 I think, you know, it's a president who wants to make a deal foremost, right? That's always his thing.

00:20:39.240 Uh, and more so because the military leadership at the Pentagon is somewhat split. You know,

00:20:46.140 you have two real forces here, um, in, in, in the situation room, you have kind of the Pete

00:20:51.180 Hegsess and the, uh, the general and the general Keynes, who's the, the, the chairman of the joint

00:20:55.720 chiefs who kind of looking at a more restrained package if there is a military involvement. And

00:21:00.840 then you have the general curlers of the world who is, you know, going to be retiring in two weeks

00:21:05.040 and has been very involved. But hang on you. Okay. Post-o, but he came in and walked in.

00:21:10.260 I want to describe to our audience. The most, one of the most powerful institutions in this town

00:21:14.740 is CENTCOM. The difference between Cruella, this is critical. I want you to repeat that because

00:21:19.540 CENTCOM is a thing in and of itself. Obama tried to pivot to Asia and couldn't do it because of the

00:21:26.700 power of CENTCOM. CENTCOM would be, ladies and gentlemen, central command. It is really where the

00:21:31.120 Middle East is, and he's a combatant commander. And right now with the structure, you know,

00:21:35.540 post what Sam Nunn's restructuring, when I was in the service, the chief of naval operations,

00:21:39.900 the army chief of staff, they were the kingpins. They're really now to build the overall military

00:21:44.480 and to guide it. The combatant commanders are like gods on earth, right? These are warlords.

00:21:50.120 Cruella is CENTCOM and he is enormously aggressive here. Is he not? And you have the Pentagon

00:21:55.240 with really raising Cain and Hegseth that is actually more restrained than the combatant

00:22:02.120 commander. Is that basically a correct assessment? I would say so. And throwing the other wrinkle,

00:22:06.600 right? Two weeks is actually really critical in this conversation because General Cruella is set to

00:22:13.760 retire as the chief of CENTCOM in about two and a half weeks. So when you have that thrown into play...

00:22:21.100 You don't think that time is coincidental then? Maybe it's coincidental. Maybe it's not. You know,

00:22:25.760 Trump likes to say two weeks to a lot of things. So you've got to bear that in mind. But it is

00:22:30.100 interesting to me that if you think about the window of time that is available now to the Iranians to 0.70

00:22:38.380 potentially have a deal or to start negotiating with Trump or Wyckoff or whoever, it brings you

00:22:45.000 towards the end of Cruella's tenure when he's maybe got days left in the job. And I don't know. I have

00:22:52.240 to think that weighs into, you know, Trump's calculus because, you know, the biggest guy pushing

00:22:58.500 to strike Iran is going to be General Cruella, you know, the guerrilla, right? That is his nickname.

00:23:04.240 He's had Iran in his sights for a long time. And, you know, I have to think that that weighs on

00:23:09.500 on the president as well. Jack, your observations?

00:23:14.140 Well, Steve, when you mentioned about CENTCOM is exactly right. And I could say that as, you know,

00:23:18.100 I've talked about here many times that I spent most of my time as a PACOM officer focused on China.

00:23:23.980 That's always been my bailiwick. I spent time there, learned the language. But you get to Washington,

00:23:30.620 D.C. and PACOM guys are few and far between. This is a CENTCOM city. And what I mean by that is

00:23:37.780 Washington, D.C. is by and large a one industry town. And a lot of that town started under the

00:23:44.060 Bush years. Then it continued under Obama. There's so. And when you say CENTCOM, Steve,

00:23:48.900 what the War Room audience, because, of course, War Room audience knows you've got to follow the

00:23:52.600 money. The money flows from Central Command, which means focus on the Middle East. So that means all

00:23:58.400 the think tank money, all the defense contractor money, all of these issues, of course, is directly

00:24:03.000 tied to the flow of what? The flow of oil, right? Cherchele Petrol, follow the oil, we were saying

00:24:09.180 the other day, because and don't tell me for a second that there's those Arab Gulf monarchies

00:24:14.000 aren't eyeing up the oil fields right across the Persian Gulf right there. Twenty percent of flows

00:24:17.940 out of the Persian Gulf through the Strait of Hormuz. So when you're telling people that we're going to

00:24:23.080 wind down these wars in the Middle East, suddenly, you know, D.C. being a essentially a one industry

00:24:29.060 town when so much money flowing to analysts and think tanks and all the rest of it going towards

00:24:35.580 conflict in the Middle East, it's like that's like going to Hollywood and saying you don't want to do 0.85

00:24:40.860 movies anymore. It's a one industry town. So you're going to people's lifeblood. You're going

00:24:45.660 at their livelihoods. So that's why this town tried so hard to throw President Trump out the first time

00:24:51.660 that he tried to shut down the Middle East wars and wind down our true president in Syria, which he

00:24:57.120 has wound down. Afghanistan, of course, at the time, and also Iraq, where we still do maintain

00:25:01.240 a garrison of about twenty five hundred troops. But a lot of this really does come down to the

00:25:06.420 fact that Washington, D.C., the blob, as Mike Benz likes to call it, really does run off of money

00:25:12.080 that originates from CENTCOM. In your reporting, and as you observe this, the outside, you talked

00:25:20.220 about the internal pressures. You got Hegseth. You got you've got the new Raisin Cain, who President

00:25:25.320 Trump thinks the world of. You got Corilla, other forces and intelligence, but the outside

00:25:30.260 forces, particularly the outside forces of Fox News, etc. What's your assessment of that?

00:25:36.360 How big a role is this played, you think, in coming to decisions?

00:25:39.440 It's a good question. I don't know. I frankly think, you know, Steve, you would have a better

00:25:45.440 read on it than I would at this point. I think, you know, Trump has had a lot of people in his

00:25:50.000 ear saying a lot of different things. But I come back to the reporting and kind of what

00:25:54.720 we put in the story today, which is everything that we have heard comes down to the fact that

00:25:59.980 Trump still wants to know if the U.S. were to go in and bomb some of these enrichment facilities, 0.72

00:26:07.520 would it actually take out their capacity to build a nuclear weapon? And I think the endgame

00:26:17.000 on that is it's kind of unclear. It's a moving scale and a shifting kind of definition of what

00:26:21.960 success is. I mean, if it's if you're going to set back the enrichment facilities, I don't know,

00:26:28.440 three, five years, maybe that's success in some terms. But you cannot also kick the can down the

00:26:33.560 road. On the other hand, like if you I think it's really tricky and I don't know how much kind of

00:26:39.880 Tucker and people are involved in this. Go ahead, Jack. If I could just throw in you're right, though,

00:26:46.440 in Hugo, in the sense that you're you're you can end the current facilities. But we're talking

00:26:51.960 about a knowledge base here, scientists, engineers, and it's it almost be like saying you're going to

00:26:57.160 bomb away Bitcoin. Right. Bitcoin exists as a knowledge base. It's technological. And what that's

00:27:03.960 essentially what we're talking about here. So, yes, we know that you could bomb the facility and

00:27:08.600 potentially if you use these multiple strikes that it would take and maybe attack. But you're

00:27:14.120 never going to get rid of the technology completely without regime change. And regime

00:27:19.640 change is the only way they could do that. Well, can you stick around for a part of another? Do

00:27:24.920 we have Philip Patrick? We're going to figure this out. We got Hugo and he's Institute. Other

00:27:28.120 than a deal. Yeah. I want everybody to read this story today because you're going to get a lot smarter.

00:27:35.640 Just don't think this thing is going away. It is. This is as serious as you can get, as you know,

00:27:41.320 I mean, they President Trump with everything else he's got going on on Capitol Hill with with

00:27:47.240 immigration, with just every aspect of this is spending, you would agree, an inordinate amount 0.95

00:27:52.840 of time on this because this is war and peace. Hugo, I look, he's he's having briefings on this every

00:27:58.040 day now through the weekend. And, you know, it comes at a critical time because he's also got the

00:28:02.360 NATO summit next week. NATO summit. We'll have to see how many days he's going to go to the

00:28:06.280 short commercial break. We're going to return. Remember, take your phone out,

00:28:10.040 text Bannon, B-A-N-N-O-N, 9-8-9-8-9-8. The ultimate guide to investing in gold and precious

00:28:16.920 metals. And in times of turbulence, I don't know, the Financial Times saying it's a pretty good asset.

00:28:22.200 Back in a moment.

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00:29:49.240 Here's your host, Stephen K. Bannon.

00:29:57.800 All right, Dave Bratt sitting in for the great Stephen K. Bannon off on assignment. He'll be back

00:30:04.200 for the five and six shows. Right now, you know, we've abstracted from the economics, the debt,

00:30:11.260 the anemic economic growth left to us by the past administration. President Trump is putting in a lot

00:30:18.480 of great stuff. Hopefully he can negotiate a miracle and put this war issue behind us so we can get back

00:30:26.120 to the economic issues. So we have one of our sponsors that we want you to support. Jillian

00:30:33.320 Barbary is with us. She deals with debt. You know, I ran on debt and we're $37 trillion in debt. She

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00:30:54.020 on the war room. Why don't you share what you have to offer? Maybe your firm is done with debt.

00:31:01.880 A hundred percent. Go ahead, Jillian. Thanks so much, Dave. You know, I have no problem telling

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00:34:28.960 Very good. Outstanding. Now, Jillian, we can hear the empathy. You care about people.

00:34:34.260 You're trying to get them out of a hole. Take action, folks. You know, if you've been just

00:34:38.500 sitting there for months doing nothing, that's not a solution. So get with someone who cares about

00:34:43.260 you. You know, the war room is always on your side. Jillian, God bless you. Thanks for being with

00:34:47.920 us today. Thank you so much, Dave. God bless as well. Thank you. You bet. Thank you very much.

00:34:52.880 All right. Next up, we've got one of my friends from way back. He's got a show called The Economic

00:35:00.460 War Room. I was out visiting him and Mike Carter is a great colleague out in Dallas. They're well

00:35:07.260 known around the country. Kevin is a very humble Christian guy, but he was a very prominent financial

00:35:12.100 expert years and years ago. And now he's got a calling and he's got I'm gonna let him share with

00:35:18.340 you. But he's basically found in the Constitution a mechanism whereby he can make gold legal tender

00:35:24.880 in the states. And he's he's he's implemented it in several states. And so Kevin Freeman,

00:35:32.000 my good friend, welcome to the war room. Why don't you share, folks? And all this is on the back of the

00:35:38.520 Fed. Right. I don't know if we'll have time to get into that. But the Fed, you know where I stand on

00:35:42.900 that. And then Steve on this show, the inflation problems we've had. Gold is a mechanism. You always

00:35:50.180 hear about birch gold on the show. But we're not selling gold here. But this is a mechanism to make

00:35:56.520 gold legal tender in the states. Kevin Freeman, take it away. Yeah, thanks, Dave. It's an idea that's in

00:36:03.660 the Constitution. The founders left us. They told us that a state can make nothing other than gold and

00:36:08.400 silver coin tender for payment of debts. And so we pulled that provision out. We showed it to a

00:36:14.600 number of states. And we said, not only can you make it tender, but you can make it transactional.

00:36:19.420 And so the motive was in Arkansas, Florida, Missouri, Texas, Louisiana, we've passed these laws. I mean,

00:36:30.740 I wrote a book called Pirate Money. And within two years, they had laws passed in those states

00:36:35.800 signed by the governor. Sanders, she gave me the signing pen signed by Governor DeSantis. He gave

00:36:40.760 me the signing pen, thanked me for bringing the idea and then let me talk at his press conference.

00:36:45.880 Bottom line is, this is going to solve the wealth gap problem that's created by when we left the gold

00:36:52.300 standard in 1971. And Dave, you and I sat and talked on my show about since 1971, all the bad things that

00:37:00.100 have happened when we left the gold standard. I mean, things, household formation, number of babies,

00:37:05.220 because basically it's created a wealth gap. The rich can get richer off of inflation. They can

00:37:10.420 profit from it. The rest of us just suffer. So if we make gold and silver legal tender in the states,

00:37:15.560 like the Constitution allows, we started a movement where people can start transacting in gold and

00:37:21.620 silver. And they don't have to take a gold coin and shave off a few flakes of it and try and buy a cup

00:37:27.520 of coffee. It actually can be put and vaulted in a vault and then spent with a debit card. And this

00:37:33.500 legislation will make it possible. So I think the interest in gold is just going to shoot through

00:37:38.260 the roof. A lot of people don't buy gold because what will I do with it? Well, you'll protect against

00:37:42.520 inflation. Now with these new laws, all the gold will benefit. All the gold dealers will benefit.

00:37:48.980 It's a huge opportunity for Americans. Yeah, we got a couple minutes more, Kevin. Why don't you give

00:37:54.860 folks a little of the history of the Fed and why this move is so crucial and why we should likely

00:38:02.720 try to get rid of the Fed in the future because of the damage? Explain the damage that inflation has

00:38:09.160 done to the average American worker. Well, let's just start with 100 years ago,

00:38:14.600 you could buy a new car for $400. If your great grandfather put aside $20, $20 bills 100 years ago

00:38:21.640 and left them for you and you opened up the envelope, you could barely buy tires for a used

00:38:27.020 car. But if he put aside 21 ounce gold pieces, which were worth $20 a piece, then that would be

00:38:35.100 worth $67,000, $68,000. Now you could still buy a new car. Gold and silver held their value over time.

00:38:42.380 You just think five years ago, go back to 2020. Think how inexpensive restaurants were compared to

00:38:48.680 today. But in priced in gold, it's the same deal. A house 50 years ago, a house 30 years ago, 20 years

00:38:55.360 ago, priced in gold hasn't gone up in cost. In fact, it's gone down. So because we have to hold

00:39:01.480 our money in fiat currency produced by the Federal Reserve, we're forced to suffer the inflation every

00:39:07.820 year. And at minimum, the Federal Reserve, Jerome Powell will tell you, if inflation ever goes below

00:39:12.340 2%, we'll work hard to get it above 2% again. They guarantee you'll lose 2% per year every year.

00:39:18.060 Yes. And I think he announced yesterday, the CPE is three, the target at the Fed. It's insane.

00:39:25.180 Kevin, before I forgot about a minute left, but give folks that you got a crucial ask. You were

00:39:31.360 humble about you passed this through Florida. DeSantis had a press conference for you. This is

00:39:35.940 in play. DeSantis was excited about it. Now in Texas, you got it through the House and the Senate.

00:39:41.240 What's the what's the ask here for the war room posse? What do you got to get the governor of

00:39:45.900 Texas? Call Governor Abbott and tell him to sign this bill. If he doesn't sign it in three days,

00:39:51.340 it becomes law. If he vetoes it, you know, we got to go back to the drawing board. But call him,

00:39:55.840 encourage him. This is good for Texas. It's good for America. Call the governor's office and tell

00:40:00.100 him, please, sign HB 1056. And we know in three days. I mean, it's the 22nd. It becomes law if he

00:40:07.620 doesn't sign it. But we want him to sign it. You got it. How do people reach you, Kevin?

00:40:11.880 Economic war room dot com. You can sign up and get our free battle plans if you go there. And

00:40:17.740 we'll send you one email a week that tells you what we're doing and what's going on and how to

00:40:21.760 make a difference in your life economically. All right. Let's make gold legal tender in all

00:40:28.020 the states. It's a great movement. Thanks for your work on it, Kevin. Thanks for being with us.

00:40:32.260 Going to another one of Kevin and our friends, David Walsh on energy. He didn't know what I'm going to

00:40:38.120 ask him today. So, David, I'm going to put you on the hot seat. In addition to the China, 0.91

00:40:43.980 you know, solar wind monopolies that our intelligence agencies have missed. What are

00:40:49.100 the implications of this war? Right. Just I mean, I'll just give you a couple of hypotheticals that

00:40:55.540 hopefully do not come to pass. But you go to war. I've heard oil goes up 2x. Straits of Hormuz get

00:41:02.940 blocked by Iran. Oil's up 300 percent by some estimates. If that happens, what happens to the 0.94

00:41:12.040 Trump agenda and in particular the Trump economic agenda? Dave Walsh, thanks for being with us.

00:41:18.300 Well, Dave, thanks for having me. That could happen. Certainly would be a possibility of a

00:41:23.480 protracted conflict. But I have to tell you, I think Netanyahu has done a masterful job of

00:41:28.700 eliminating most of the going forward weapons through the Houthis, Hamas and Hezbollah to

00:41:34.540 actually prevent Iran from taking being effective at shutting down Hamas, the Straits. But, you know,

00:41:41.340 should it happen? Yeah, we'd probably have a doubling of the price per barrel. Good news is

00:41:45.600 the Trump administration has proceeded with drill baby drill offshore, removing federal permit barriers

00:41:51.320 to that on land, federal lands. We've got close to 14 million barrels a day production. So we're back

00:41:58.260 to number one in the world, which proves, again, the necessity of domestic self-dependence on oil and

00:42:04.240 gas. And as a major export product, we have got to get to use baby use of that gas for creating

00:42:11.080 electric power generation. We've got difficulty here with entire states, such as the one I'm in,

00:42:16.520 Florida, with a $9 billion rate increase before the rate payers, all about buying $7 billion more

00:42:22.180 of Chinese solar panels and battery storage over the next four years. So, you know, state by state,

00:42:29.260 red states like this one are way into heavy, heavy dependence on China for, you know, the proxy state

00:42:35.140 of China being Iran, but heavy dependence on them for electrification, which is a big, big problem.

00:42:40.080 So that's going on in the background of all this. We got to, you know, but no, there could be an

00:42:45.940 impact. So far, we're up 10 bucks a barrel on the Brent crude in the last 14 days since June 10

00:42:52.800 would be problematic, but their forward weapons to go ahead and execute on that have been limited

00:42:59.840 severely now. So the shutdown of the Hormone Straits. Good, good. Hey, Dave, we're going to bring you

00:43:06.060 back more analysis on energy costs, just kind of what if scenarios, if oil went up 2x, what would be

00:43:14.700 the implications for the U.S. economy, energy, oils used in about everything we take for granted over

00:43:21.820 time. But now our intelligence failures are just myriad, right? The Iran capabilities 0.99

00:43:31.620 changed within a week. Russia, Ukraine, China intelligence dropped for 30 years, according to

00:43:40.440 Brad Thayer. Back with Dave Walsh in the war room to explore oil, energy and more. Stay tuned for after

00:43:47.740 the break. What if he had the brightest mind in the war room delivering critical financial research

00:43:53.400 every month? Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise

00:43:59.860 man. A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital

00:44:05.840 markets. Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual

00:44:14.280 number itself. Now he's issuing a dire warning about April 11th, a moment that could define Trump's

00:44:21.160 presidency in your financial future. His latest book, Money GPT, exposes how AI is setting the stage for

00:44:28.500 financial chaos. Bank runs at lightning speeds, algorithm driven crashes, and even threats to

00:44:34.560 national security. Right now, war room members get a free copy of Money GPT when they sign up for

00:44:40.460 strategic intelligence. This is Jim's flagship financial newsletter, strategic intelligence.

00:44:46.860 I read it. You should read it. Time is running out. Go to Rickardswarroom.com. That's all one word,

00:44:52.520 Rickardswarroom.com. Rickards with an S. Go now and claim your free book. That's Rickardswarroom.com.

00:45:00.080 Do it today. Here's your host, Stephen K. Bannon.

00:45:07.240 Jack, a very big day. And President Trump, I think, has made a pretty definitive statement in saying two

00:45:14.120 weeks. He's got Witkoff working and the vice president working on some alternatives. He ain't going to be

00:45:19.820 rushed. He's commander in chief and he's going to weigh and measure and take his time and he's not

00:45:25.180 going to be rushed. And I think people out there that have tried to rush him should be ashamed of

00:45:29.340 yourself. OK, the president is going to take his time. This is a monumental decision about going to

00:45:35.560 war, about putting troops in harm's way. He just heard you go. Right. But talk. He talked about the

00:45:40.720 this story this morning is so important. I want everybody to read it about the actual. Can the bomb

00:45:44.920 work. OK, then he talked about the strike packages you were putting in, you know, and people on TV on

00:45:51.300 certain networks praying for the policy, you know, don't sit there and pray for the pilots after you're

00:45:55.660 sitting there with the pom poms saying we got to go. We got to go. We got to do something. We can't be

00:45:59.280 sitting on beach chairs. Got to go. Got to go. Then you see somebody serious like you go in the serious

00:46:04.180 people at the Pentagon that are working through this. We're not just putting in harm's way the initial

00:46:09.840 pilots in the initial strike packages. You're putting in harm's way soldiers, Marines, airmen,

00:46:17.680 sailors that will have to get involved in this conflict after after that happens. Jack Posobiec,

00:46:22.600 your closing thoughts for this afternoon show, sir. Steve, I think President Trump understands

00:46:29.440 measure twice, cut once. He's going to look at all the options available to him and he's going to

00:46:36.760 remember the promises that he made in Michigan, Pennsylvania, Wisconsin, everywhere that he's

00:46:43.600 going to put the interests of this country, the United States of America come first. And world

00:46:49.220 peace is something that he has also been fighting for, whether it be the Middle East, whether it be

00:46:54.080 Europe, whether it be Asia. So he's fighting for peace on all of those fronts. But just because

00:47:00.840 he says he wants that, that doesn't mean that he views someone else's view of peace or how you get

00:47:06.780 an end to a nuclear deal as exactly what you want. And I know I understand there's people that were

00:47:12.140 looking for one way on this and they were looking to push his hand in one direction. And he still will

00:47:16.660 ultimately make his decision within that two week time frame. But I think that President Trump is

00:47:21.360 showing the entire world that he alone is firmly in control.

00:47:27.200 Amen. And he's going to think this thing through, look at a couple of courses of action, maybe try a

00:47:32.600 couple of three things and then come some conclusion about the way forward. Jack Basovic,

00:47:38.100 thank you so much great work on yourself on this project. Where do people go to get your show and to

00:47:45.700 get your social media, sir? Well, of course, Human Events daily, 2 p.m. Eastern every day. Thought

00:47:52.620 Crime, myself and Charlie Kirk also runs. We're going to be doing it on Friday today, this week because

00:47:59.080 of scheduling. So that'll be up tomorrow. And then, of course, we're always right here on the great

00:48:03.880 Real America's Voice Network. By the way, Steve, it occurs to me that the two week time frame,

00:48:09.500 two weeks from today, is just the day before the 4th of July. So two weeks from now is the

00:48:15.580 4th of July. It's amazing on the timing of that. Providential. Jack Basovic, great. And

00:48:22.540 Charlie Kirk, the new power player in Washington, D.C. You never know where Charlie's going to turn

00:48:27.680 up in this city, in the imperial capital. We're glad we can get him for his show. Jack, thank you

00:48:33.300 so much. Appreciate you. Great work. God bless. Happy Feast of Corpus Christi, by the way. Thank you,

00:48:39.600 sir. Anybody wants to keep up to speed with what's doing, stick on Poso's Twitter account.

00:48:45.580 A lot of information there, folks. Lots of information. Philip Patrick, I'm going to talk

00:48:52.720 about Tayyib. Maybe you come back through the break, but I got to ask you right now, with

00:48:56.920 geopolitics, President Trump is there weighing and measuring about actually going to war,

00:49:05.220 right? Even in the limited, if they decide just the limited strike on the nuclear facilities,

00:49:10.420 which can be expanded because the Israelis are talking about regime change.

00:49:16.660 How is that turbulence, given everything else is going, given the Ukraine war, what's happening

00:49:21.340 in Taiwan, particularly you got the big, beautiful bill, people over there, Ron Johnson is screaming

00:49:27.460 about the deficits. I mean, have you ever seen, it seems like things are accelerating, accelerating

00:49:32.940 rate. Have you ever seen the world as turbulent from a capital markets and geopolitical perspective

00:49:39.740 in your entire life, sir? Absolutely not. And, you know, it's painful to say, because it sounds

00:49:47.720 like a plug, but what we're seeing play out is the perfect storm for precious metals, right?

00:49:52.940 What drives gold? It's global instability. It's war. It's uncertainty. It's currency devaluation.

00:50:00.080 It's inflation. It's trade wars. I mean, this is the climate for precious metals. The world is

00:50:06.040 heating up. So it's an exciting time to be alive, but it is frightening. And I can say that I'm glad

00:50:13.220 we have a steady hand, President Trump taking his time to make decisions. I know that's what you were

00:50:18.760 pushing for for a long time. And I think it's the smart move at this point, because we need to make

00:50:23.720 the decisions and we need to do it right. As Jack said, you measure twice and you cut once. And I hope

00:50:29.540 that's what they're doing, because we're playing with such a bring it time to bring that up.

00:50:35.720 This is also when you cut to it, ladies and gentlemen, if you think about it, gold, right?

00:50:41.920 You think about precious metals. Why has it been a hedge in times of turbulence for 5,000 years?

00:50:47.540 You're seeing it right now. I mean, isn't that it? Because the world goes through cycles of wars and

00:50:52.780 trade wars and turbulence. Philip Patrick, and we're just you're in a fourth turning right now.

00:50:58.380 You happen to be living through one of those, and it ain't going to end next week, sir.

00:51:04.020 It's exactly right. And we're starting to see history repeats itself, right? And we're starting

00:51:08.580 to see those trends over and over again. I always say that what we've seen since World War II, relative

00:51:14.880 peace, prosperity, economic boom, that is unheard of in human history for that length of time. And I

00:51:22.160 think what we're seeing now is a reversion to the norm, the breaking down of the old system,

00:51:27.200 and the creation of a new system. And that's why I say timing right now is so important.

00:51:33.240 The decisions we make today are so important. There are countries around the world looking at

00:51:38.940 our position as global leader. They are vying to take that over. Now is our time. We need to be

00:51:44.740 smart. We need to be fiscally prudent, and we need to make the right decisions.

00:51:48.820 We're a little backed up, as we should be. A day of a lot of breaking news, and we want

00:51:54.900 to explain to you the kind of building blocks, the smart building blocks that you can start

00:51:59.020 to think this through on your own and see the path forward, right? That's why all this over

00:52:05.240 the last week, not here to waste your time, here to make the best use of your time. We're

00:52:11.060 going to take a short commercial break. Phillip's going to stick with it. We got them stacked

00:52:16.520 up in the second hour, like planes over to LaGuardia on a Friday night with a good air

00:52:23.060 traffic control system. Birchgold.com. Make sure you get up to speed. We're not trying

00:52:27.660 to make you the smartest person at the barbecue, the smartest person in the room or the dinner

00:52:31.960 party. We're trying to give you access to knowledge, so in your own personal life, in

00:52:37.000 your community life, your family life, and most importantly, maybe in your political

00:52:40.520 life, you can help make smart decisions. Birchgold.com slash banded the end of the dollar

00:52:45.700 empire. Not that we want the dollar empire to end, but it may be because of a lot of bad

00:52:51.500 mistakes. The Rio reset, the BRICS nations, all of it. Short commercial break. Back in the

00:52:57.700 warm for the second hour in a moment.

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Bannon's War Room - June 19, 2025

Episode 4573： Cutting The Blob Off From Foreign Money

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