Bannon's War Room - June 19, 2025


Episode 4573： Cutting The Blob Off From Foreign Money


Episode Stats

Length

54 minutes

Words per Minute

180.95963

Word Count

9,836

Sentence Count

738

Hate Speech Sentences

21


Summary


Transcript

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
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.
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
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
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
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,
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,
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
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
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
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
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
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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00:16:27.040 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
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
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,
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
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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00:29:47.740 Do it today.
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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00:33:37.820 I mean, it's just one of those things. They'll take the fee out at the end if they get you what
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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,
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
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
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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