Bannon's War Room - July 25, 2025


Episode 4659： Breaking Down Trump's Economic Program


Episode Stats

Length

54 minutes

Words per Minute

171.23111

Word Count

9,266

Sentence Count

773

Misogynist Sentences

6

Hate Speech Sentences

11


Summary

On today's show, Stephen K. Bodington and David Malpass discuss the massive cost overruns at the Federal Reserve's new headquarters in Washington, D.C., and why the Fed needs to do something about it.


Transcript

00:00:00.000 The headquarters is three buildings. The two that are still in progress are the Eccles and the one that's next door to it with the tunnel, right? That is a $3 billion and counting project that started at 1.8. It is massively overrun. It's massively overrun if you take just the two buildings, nearly a billion dollars of cost overrun.
00:00:28.460 That information search is going to continue. We still want to get to the bottom of the plans that were submitted and how they have changed. Those never came back into the National Capital Planning Commission.
00:00:43.060 I don't even think they know the costs. I don't even think they know the cost.
00:00:46.540 The $3.1 billion is important. There's a cost overrun. You can look. These are the Fed's own internal documents that were FOIA'd and are published online.
00:00:53.580 It went from 1.8, 1.9 to 2.5 and down to 3.1 for the capital expenditures within their own budget for the total renovation and build of the complex.
00:01:02.920 So the chair is really splitting hairs there when he's saying, well, that's this building.
00:01:06.740 OK, if you take that building out of it, it's still an inflation from 1.4 billion to 2.5 billion. There's no way around it. The cost overrun is massive.
00:01:14.740 That's our own talk.
00:01:15.840 This is the primal scream of a dying regime.
00:01:23.640 Pray for our enemies because we're going medieval on these people.
00:01:28.840 Here's another time I got a free shot at all these networks lying about the people. The people have had a belly full of it.
00:01:35.000 I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
00:01:40.180 And where do people like that go to share the big line? MAGA Media.
00:01:45.140 I wish in my soul, I wish that any of these people had a conscience.
00:01:50.580 Ask yourself, what is my task and what is my purpose?
00:01:54.340 If that answer is to save my country, this country will be saved.
00:02:00.640 War Room. Here's your host, Stephen K. Band.
00:02:03.860 Okay, if we get any breaking news at all, and we hope to see some effort today on either the Epstein situation down in Tallahassee and or up in D.C. at Maine Justice,
00:02:14.960 and if we get any, because I understand there are things happening with D&I on this exploding treasonous conspiracy,
00:02:26.280 we'll jump in and do that.
00:02:28.440 We've got some capital markets and economics to go through to understand what's really going on, the deep signal of the economy.
00:02:37.380 And I also want to play the Donnie Deutsch and the Gregory Meeks,
00:02:40.800 because guys are looking at the polling and thinking downrange.
00:02:44.620 They understand that it's affordability and the cost of living and what's happening to the average American right now in the economy.
00:02:50.580 David Malpass, former head of the World Bank, undersecretary of international finance, under President Trump at the Treasury Department in the first term.
00:03:00.200 So, David, I wanted to play, and I don't want to go back to last night because you saw the laziness of the journalism,
00:03:05.180 but I wanted to play really the meat and potatoes of what this mess is.
00:03:09.800 And I think it's important on the Versailles on Constitution Avenue.
00:03:13.720 So, folks, to make sure you've got the right numbers, and Russ's vote and Pulte gave them to you,
00:03:21.480 it is $1.8 billion, which was approved, to now $3.1 billion.
00:03:26.960 Now, if you take out the other building of which Trump and the Fed chair got involved in,
00:03:32.560 you heard right there, it's $1.4 billion to $2.5 billion.
00:03:35.920 Bottom line, it's a massive cost overrun, and also, I don't think they went back to the appropriate committees
00:03:44.340 and to the architect of the Capitol and actually walked people through why there was overruns.
00:03:49.900 Now, people say, well, Banner, why are you making a big deal about this?
00:03:51.980 It's a billion dollars, right?
00:03:53.260 They have a trillion dollars worth of losses in their portfolio.
00:03:56.280 Why do you care?
00:03:59.080 And somebody said last night, we're not even funded by the American people.
00:04:01.640 Au contraire.
00:04:02.420 It's important because it talks about a management style and management philosophy.
00:04:06.460 This is why Scott Besson keeps saying we need to review all of it.
00:04:10.240 We need to review everything over at the Fed needs to be reviewed,
00:04:13.840 needs to go through a strategic analysis of exactly why do you have so many people,
00:04:17.520 what do they do, who actually runs this operation, and what is its purpose?
00:04:22.280 Now, we had Fish back on last night to talk to you about the interest rates
00:04:25.140 and what he feels is a big miscalculation on interest rates, which President Trump continues to hammer.
00:04:30.120 So, Malpass, I want to start first because you know these institutions with the kind of management.
00:04:36.780 Is it a bunch of dry rot over in the Fed?
00:04:39.220 Because, remember, we are anti-Central Bank at all.
00:04:42.520 We think the greatest part of this country is when Andrew Jackson shut down the greatest economic boom
00:04:47.540 was when Andrew Jackson shut down the Bank of the United States,
00:04:51.740 and we drafted Dinoff, got involved in the Industrial Revolution,
00:04:55.300 Manifest Destiny, the Transcontinental Railroad.
00:04:57.380 So, from 1836 to the formation on Jekyll Island, I think around 1913,
00:05:03.380 11 or 13 of the Federal Reserve was the greatest boom in American history on a percentage basis,
00:05:10.540 and now this thing's a mess.
00:05:12.300 Can you give us your observations and analysis, sir?
00:05:17.020 Hi, Steve.
00:05:18.080 The central banks are part of the government,
00:05:20.840 and so they grow just like everything else in the government,
00:05:23.700 and that means costs overruns on buildings.
00:05:27.380 I thought Trump was great yesterday in talking about the specifics of the buildings.
00:05:33.580 You know, he's a superstar on construction.
00:05:36.420 He's also made the point that he knows lots about interest rates,
00:05:40.060 which I think both points are right.
00:05:41.980 I was with him in 2016.
00:05:43.700 I don't know if you were there at the Grand Hyatt in New York,
00:05:46.580 where he explained to the crowd how he had built each girder within this huge, successful hotel
00:05:55.240 at the center of Grand Central.
00:05:57.920 And so Grand Central Station, the main train station in New York City.
00:06:02.860 So Trump has built things.
00:06:04.640 He knows what the costs are.
00:06:06.360 He pointed out yesterday that the renovation of the post office,
00:06:11.160 which I'm very familiar with, my kids would go to it.
00:06:14.100 It was a mess.
00:06:15.400 He came and took it down to the steel and rebuilt it for $250 million.
00:06:21.060 So it's not just a small cost overrun by the Fed.
00:06:24.360 It's huge.
00:06:25.160 But this goes into every part of the Fed.
00:06:28.140 So one of the things I've been trying to do in talking about the Fed
00:06:31.400 is bring to people the magnitude of change that needs to be done in each part of their systems.
00:06:37.660 Their models have been wrong for decades, and they give you the wrong answers, and they deny it.
00:06:45.200 Okay, let's go.
00:06:46.540 James Fishback started on this last night.
00:06:49.240 He used to make his living being an option trader on interest rates.
00:06:53.620 He's saying the models are antiquated.
00:06:56.160 They've got 8,000 people that are working on these things, but he says they're seriously wrong.
00:07:00.440 And this is one of the reasons that interest rates are being held so high by, according to President Trump, too late Powell.
00:07:07.700 Give us your analytical.
00:07:08.760 Why do you say the models are wrong?
00:07:10.480 And if they're wrong, why are they wrong?
00:07:12.120 And what should we do to fix them?
00:07:15.000 In every way, and I think it's important that, you know,
00:07:17.660 the whole world system is going to try to get Trump to think it's an incremental change that's needed.
00:07:22.640 It's not just a regime shift, not just new people that need to come in.
00:07:27.380 It's a whole remaking of the way the Fed thinks about inflation.
00:07:32.080 Let me give you an example.
00:07:33.440 Right now, housing prices and rental prices nationwide are coming down, but the Fed keeps including in the PCE defluator,
00:07:42.120 the core index that it uses, this idea that they're up big time year over year.
00:07:48.900 So that gives them too high an interest rate when they do inflation targeting.
00:07:53.920 They have another model called ample reserves, where they think they should give the banks all the reserves that they need.
00:08:00.960 Remember, the Fed charges, excuse me, pays.
00:08:05.380 The Fed has already paid banks $1.3 trillion in interest costs since they started this system of borrowing from the banking system.
00:08:15.960 So the public has this impression of the Fed being a good guy because they print money.
00:08:21.380 That's not what they're doing at all.
00:08:23.060 They borrow money and they pay top dollar for it.
00:08:25.960 And that crowds out all the small businesses around the country so that short-term interest rates are too high.
00:08:32.320 And President Trump was exactly right yesterday talking about the mortgage rates being too high.
00:08:39.460 And that's, I think, because the Fed really is working the whole system for the elites.
00:08:45.180 This is a global brotherhood that wants to keep rates high because banks make a lot of money from it.
00:08:50.960 And Wall Street, of course, you know that system.
00:08:54.380 I mean, people are getting rich off the high rates that the Federal Reserve pegs.
00:09:00.580 And the data is just wrong.
00:09:02.320 Housing is causing them to be able to, they're saying inflation is too high.
00:09:09.420 They just have the wrong data.
00:09:11.320 I've been writing about this for 20 years in the Wall Street Journal.
00:09:14.660 Their models are wrong.
00:09:17.160 What can we do?
00:09:18.420 You're saying it's a global brotherhood.
00:09:19.640 You mean the central banks draft off what the Fed does?
00:09:23.620 So the Bank of England, the European Central Bank, the Bank of Tokyo, the Chinese Central Bank,
00:09:29.900 those, the big kahunas, all draft off of what the Fed does.
00:09:35.200 So they're all in this together?
00:09:37.580 That's right.
00:09:38.300 They go to the same schools.
00:09:39.680 They have the same professors doing their thesis.
00:09:43.120 And that gives them a collegiality.
00:09:47.640 You go to the international conferences, and what you see people saying is that the public is consuming too much.
00:09:57.880 We've got to get them to stop.
00:09:59.260 We need to set high interest rates.
00:10:01.300 They have the Phillips curve model, which is the idea that if people are getting jobs, they're going to ask for wage increases, and that's somehow bad.
00:10:11.420 Remember the whole goal of a good Trump policy that, you know, the forgotten man policy is that we want real wages to go up.
00:10:21.160 We want wages to go up faster than inflation.
00:10:23.680 Biden had the opposite going on, and people were getting poorer.
00:10:28.080 And so Trump comes in and says, I want wage growth, and the Fed's going to step right in the way of it and squash it.
00:10:34.680 How's that going to happen?
00:10:37.000 Because real wage growth is one of the keys to – is one of the key, I say, on a dashboard to see if your policies are having an impact among the working and middle class.
00:10:46.660 So how's the Fed going to step in the middle of that?
00:10:50.320 They use an inflation model that's based on this wrong housing data.
00:10:54.640 It's based on the inflation expectations.
00:10:57.940 I'll give you – let me explain that.
00:11:00.740 The Fed says to the public, we're really worried about inflation.
00:11:04.880 Then they take a poll of the public and say, what are your inflation expectations?
00:11:09.860 And the public says, I'm worried about inflation.
00:11:13.000 And so then the Fed says, aha, we need higher interest rates.
00:11:16.300 We need to keep our interest rates up to protect you.
00:11:19.220 So it's a circular process that's been – that goes on worldwide.
00:11:24.620 It keeps the rates high, and it keeps the elites employed.
00:11:28.380 The Fed has this – I don't know, some people say it's 50,000 people working for them.
00:11:33.820 I led a big organization, the World Bank.
00:11:36.560 I tried to limit the amount of damage.
00:11:39.500 It had 20,000 people.
00:11:41.240 We thought that was way too many, too many buildings.
00:11:44.800 But the Fed is bigger, and the World Brotherhood is stronger when it comes to central banking.
00:11:52.580 So we need to be thinking more in terms of a full upheaval.
00:11:56.420 This is not regime change.
00:11:58.440 It's not incrementalism.
00:12:00.420 It's a full rewrite of how the Fed interacts within the government and how it thinks about what its job is.
00:12:11.380 It's – President Trump has been really clear on the mission that we need lower interest rates to get more production.
00:12:20.300 The supply chain is running.
00:12:21.960 That will bring down inflation, and it's a virtuous circle.
00:12:25.660 And the Fed is right now just rejecting that.
00:12:28.560 So President Trump reaffirmed yesterday that he's not going to remove Powell, although there's a lot of looking into this building and the overruns, and was it all straightforward?
00:12:42.200 Since Powell's going to be there, there won't be these types of changes.
00:12:45.440 Scott Besson's arguing for this fundamental strategic review, I guess as you are.
00:12:49.260 I want to hold you through the break, but the two minutes we got, when you say upheaval and total restructuring, particularly how it interacts with the government, what do you mean?
00:13:00.000 Downsizing the personnel, downsizing the balance sheet, lower interest rates that are paid to banks so you save some for the public, lower interest rates that they peg, that they target.
00:13:12.860 And so – and you need models that are honest about inflation so that you can get there.
00:13:18.480 I think also looking at the dollar and saying, well, we're going to have the reserve currency of the world, so that's going to invite money into the U.S., so we shouldn't have to pay so much for money.
00:13:30.060 Trump was dead on on that yesterday, pointing out we shouldn't be paying more than weaker countries.
00:13:38.620 David, hang on for one second.
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00:14:00.480 We unearthed these kind of bilateral deals where they want to start the process of de-dollarization.
00:14:06.360 This is one of the reasons President Trump hit Brazil with a 50 percent tariff.
00:14:10.720 I would say 30 percent of that was about Bolsonaro.
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00:14:56.640 Short break.
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00:16:27.040 But you make a hell of a lot more money with a weaker dollar.
00:16:30.860 Not a weak dollar, but a weaker dollar than you do with a strong dollar.
00:16:34.380 And the first people that are going to notice it are the manufacturers of trucks and various other things.
00:16:39.860 Like, look at Caterpillar, how well they're doing now.
00:16:42.460 When you have a strong dollar, you can't sell anything.
00:16:45.380 It's only good for inflation.
00:16:46.880 And it's good psychologically.
00:16:48.340 It makes you feel good.
00:16:49.300 But with that being said, I love strong dollars.
00:16:53.220 But you make your money with a currency.
00:16:55.280 And I had so many different fights with President Xi.
00:16:59.760 I mean, between Japan and China, all they want to do is have a weak currency.
00:17:04.640 They're always fighting for a weak currency.
00:17:06.740 And that's how they really dominated over the years.
00:17:09.520 So when I see it down there, I don't lose sleep over it.
00:17:12.740 Let's put it that way.
00:17:13.600 In fact, sometimes they go to sleep very happy.
00:17:16.500 Do you understand?
00:17:17.300 Do you agree with that?
00:17:19.300 I agree with a lot of what you said, Mr. President.
00:17:22.560 Do you think it makes any easier to impose your tariff with that lower dollar?
00:17:28.620 Because the...
00:17:29.660 I think it makes it easier even for tariff, yeah.
00:17:32.460 And it makes the tariff worth much more.
00:17:35.480 And it's easier to pay off debt.
00:17:38.380 And it's easier to get a low interest rate.
00:17:40.720 There are a lot of good things.
00:17:42.360 It's hard to explain to people the headline.
00:17:44.780 Oh, Trump wants a weak dollar.
00:17:46.300 It's not a weak dollar.
00:17:46.960 You take a look at the history of China over the last 20 years.
00:17:53.380 All they do is fight for a weak currency.
00:17:56.180 Look at Japan when they were really doing well.
00:17:58.560 They had a very weak currency.
00:17:59.680 So, to me, I just say, thank you very much.
00:18:04.560 It is what it is.
00:18:06.640 Okay, President Trump, 40 minutes today.
00:18:09.560 Come one, come all.
00:18:10.960 Take your best shot.
00:18:12.780 Right?
00:18:13.080 From Epstein to North Carolina politics, to the education, to the really getting the minds right of the Ivy League schools starting at Columbia.
00:18:25.480 And the Columbia president, there was an interview.
00:18:27.420 She said, it's not about $200 million.
00:18:29.020 She actually said to the choir party, it's billions and billions and billions of your tax dollars going to these universities for research, quote unquote.
00:18:39.740 Right?
00:18:41.660 But they've become, you know, centers.
00:18:46.160 They're really PACs.
00:18:47.860 They're really PACs.
00:18:49.220 They've become centers for this neo-Marxism radical jihad that you're seeing the red-green alliance coming out of these Ivy League schools.
00:18:57.780 Columbia, I thought the deal was great.
00:18:59.620 It's unique.
00:19:02.340 We'd like to add a couple of zeros onto it.
00:19:04.480 But it's the start of a process.
00:19:06.860 And they're bending the knee.
00:19:08.840 David Malpach, you've been head of the World Bank.
00:19:10.560 You were also undersecretary for international finance for President Trump in the first term.
00:19:16.320 And I think it's pretty well-known in the first term.
00:19:20.500 You were one of the big brains over there, at least analytically.
00:19:23.300 Walk through what the president's talking about in perspective of exactly what his economic strategy is today, sir.
00:19:31.800 A couple of points, Steve.
00:19:33.220 One is I'm amazed at the president's energy.
00:19:35.860 So as you look at that, he's working in all these areas and causing change.
00:19:40.660 So his strategy is really clear.
00:19:43.000 We're going to have domestic manufacturing in the U.S.
00:19:45.820 So then what he was talking about there on the dollar, I thought was okay.
00:19:50.560 Remember in the Clinton administration, we had this idea that strong dollar is in our national interest.
00:19:56.380 I wrote a lot that was wrong because it caused deflation and it made us uncompetitive.
00:20:02.380 So I think he's pushing back on that and saying that's not what our policy is.
00:20:06.760 And then he said very clearly he'll never be known for a weak dollar either.
00:20:10.640 So if you look out 50 years from now, I think what can be created here is a stable dollar that pulls money into the United States.
00:20:20.380 It's the cryptocurrency king.
00:20:23.340 You know, the dominance in cryptocurrency is going to be super valuable for the United States based on stable coins and stable dollar coins, U.S. dollar coins that protect us.
00:20:36.080 And so he was square in the middle of that.
00:20:38.340 That's very successful.
00:20:39.520 And he's right that that will allow interest rates to fall.
00:20:43.800 So the whole economic program is that you're going to allow people to produce in the United States and not subsidize the foreign production, which is what we've been doing with a broken trading system.
00:21:02.500 Fix that.
00:21:03.620 Fix the regulatory policies.
00:21:05.460 Fix the border.
00:21:06.220 And I think we have to have just as big a change at the Fed.
00:21:10.600 It's not a regime change.
00:21:12.560 It's a full upheaval where you change every model to be a growth model.
00:21:18.040 The Fed doesn't have to lean against growth.
00:21:20.360 It can actually facilitate small business growth.
00:21:23.980 That's what we need.
00:21:24.740 But it's much bigger than people are letting on right now.
00:21:27.540 It's not just the building and not just the governors.
00:21:30.380 It's the whole way the Fed operates has to be changed.
00:21:33.920 So are you are you calling for President Trump to, you know, you, Bess and some others?
00:21:39.000 Do you think there needs to be a task force like now?
00:21:42.500 Because, as you said, it's just not about naming some individual to be the head of the Federal Reserve.
00:21:47.940 You're saying the institutional rot is much deeper than that, and particularly the interconnectivity of these other central banks.
00:21:55.040 To do that, we don't need to wait to next.
00:21:58.060 You know, they're going to name the new Fed chair in either December, January, February.
00:22:03.700 They will take, you know, they'll go through confirmation and be confirmed and actually step in in June of next year, about a year from now, a little less than a year from now.
00:22:12.840 So the you're saying we shouldn't wait for that.
00:22:15.940 We should get on with this right now.
00:22:18.840 I'm skeptical of commissions.
00:22:20.760 I think what Secretary Besson said is really useful.
00:22:24.220 He's giving a graceful move for the Fed to say, OK, maybe we've made mistakes in the past and we're going to go examine them.
00:22:31.920 You know, one of the problems has been the Fed denies that it's ever made mistakes.
00:22:36.280 And so I think it would be useful if they started an internal process to review.
00:22:41.800 But I'm skeptical that the people there can actually realize the Fed for all these years has stood for the elite and for austerity.
00:22:52.320 Their balance sheet is made up of them borrowing money from banks to dump into government bonds.
00:22:59.740 What do you think that does to affordability and to the forgotten man, to normal wages of people?
00:23:08.820 They're driven down by that process.
00:23:10.920 I'm skeptical the Fed will admit that.
00:23:14.400 But I think Secretary Besson is exactly right to say to the Fed, you better get on with change because we're going to make it happen one way or the other.
00:23:25.820 David Malpass, where do people go on social media and to get your writings and your thinking, sir?
00:23:31.380 Thanks, Steve.
00:23:33.660 David, on Twitter, it's at sign David R. Malpass.
00:23:38.660 And so I write a lot in The Wall Street Journal, used to write in Forbes magazine.
00:23:43.500 So I've got a big record of explaining why the Fed models are hurting.
00:23:50.780 And I think they hurt Obama.
00:23:52.280 They hurt Clinton.
00:23:53.740 You know, it's it's and they hurt Trump, obviously, in 2018 and 19.
00:23:57.980 They're wrong often.
00:23:59.100 And they're always lagging.
00:24:02.160 Too late, pal, as the president calls him.
00:24:04.620 David Malpass.
00:24:05.360 Thank you for coming on, brother.
00:24:06.340 Appreciate you.
00:24:07.520 Thanks, Steve.
00:24:10.160 Philip Patrick.
00:24:12.040 Man, had the only the third trip ever to the Federal Reserve by a sitting president.
00:24:18.580 Roosevelt went to, I think, open for the ceremony that opened the Eccles building, which is a architectural masterpiece.
00:24:29.980 Jerry Ford went over there because I think he was a buddy of one of the governors.
00:24:33.880 And now President Trump went over for a building inspection and a chat with the head of the Fed.
00:24:39.200 Your observations of yesterday before we get into both Fishback and and Malpass are telling us the models are totally wrong.
00:24:49.700 What's your observation of what happened yesterday?
00:24:52.760 Look, obviously, there's a standoff happening between the Fed and the administration.
00:24:58.100 And you can see why.
00:24:59.360 Right.
00:24:59.660 Trump's claiming.
00:25:00.860 And I think there's some truth to the claim that the Fed is sabotaging his economic recovery.
00:25:05.620 His plan needs lower interest rates.
00:25:08.220 We have to boost economic growth and we've got to manage the growing debt burden.
00:25:12.480 On top of that, there seems to be a political angle here.
00:25:16.780 Right.
00:25:17.040 Let's not forget the Fed lowered interest rates three times under under Biden in 2024 when inflation was running higher than it is today.
00:25:26.580 Jerome Powell sitting back and saying, look, I'm doing my job.
00:25:30.140 Inflation's above my target.
00:25:31.960 Employment's historically lower.
00:25:33.680 Unemployment, rather.
00:25:34.560 So we're seeing this standoff, which isn't unusual.
00:25:39.260 What's unusual on this occasion is the gulf in positions.
00:25:42.660 Right.
00:25:43.120 Powell saying that Fed Fed rates are good at four point two five percent.
00:25:47.620 Trump's looking for a 300 basis point rate cut, which is which is significant.
00:25:52.520 But listen, things are heating up.
00:25:55.640 One thing I would say, and I think the administration are sort of echoing this.
00:26:00.400 I don't think firing Powell's going to be the move.
00:26:03.400 Right.
00:26:03.620 Central bank independence is very, very important.
00:26:06.940 I think Dan Ivokson gave an interview yesterday with the Financial Times stressing that.
00:26:11.500 I know that Jamie Dimon's done the same thing.
00:26:14.420 So we're in a tough position.
00:26:16.560 We'll see how it plays out.
00:26:18.120 I think we need a change in the Federal Reserve, but I think we're going to wait and see see what happens come May of next year.
00:26:25.300 But Besson and Malpass are talking about something very different.
00:26:27.980 They're not talking about just replacing a person.
00:26:30.220 And there's rumor out there that, you know, Besson may be dual hat.
00:26:35.380 Maybe he gets offered the Fed chair, maybe stuff side of Treasury, maybe wears both hats on an interim basis.
00:26:40.100 So he's at least in the running.
00:26:41.940 There's always discussion about Malpass maybe going back to Treasury.
00:26:46.440 So these are two guys that have been Malpass had one of the senior jobs in the first term and then was head of the World Bank.
00:26:51.960 You had obviously Scott is in the middle of it.
00:26:55.240 They're saying something different, Patrick.
00:26:57.380 They're saying, hey, it doesn't matter who you put in here.
00:26:59.420 You need a fundamental top to bottom strategic analysis of the Fed, restructuring.
00:27:05.660 And they're talking about bottom blowing half the people.
00:27:08.860 And you've got to get on top of these.
00:27:10.040 You've got to get on top of these of these economic models.
00:27:12.820 I want you to hang.
00:27:13.360 I'm going to take a commercial break.
00:27:14.780 I'm going to go to I want your thoughts on this, because this is inextricably linked to President Trump's economic program.
00:27:22.480 And there's more polling coming out today from Harry Enten that's saying President Trump is dropping the polls with independence.
00:27:28.920 One of the reasons is maybe not enough focus on the economy.
00:27:31.660 Now, he just passed the big, beautiful bill.
00:27:34.040 But what I've argued is that, yo, the parts of that that people that are going to impact people's lives immediately, you've got to get out there and you have to message it.
00:27:43.320 You've got to be hammering that every day.
00:27:45.660 And I think they're starting this.
00:27:47.620 I think in Las Vegas, Smith at the House and the Ways and Means Committee is going to be out in Vegas doing some messaging.
00:27:54.200 But it needs to be organized.
00:27:55.500 It needs to be relentless.
00:27:56.460 Tulsi Gabbard, the messaging on the treasonous conspiracy, boom, every day you've got to hit it.
00:28:05.480 And on the economics and affordability, you have to hit it.
00:28:09.380 I tell you who understands this is smart Democrats.
00:28:11.940 They understand this right now.
00:28:14.100 I'm with Philip Patrick, the man at Birch Gold.
00:28:17.280 Take your phone at Bannon, 989898.
00:28:19.720 Get the ultimate guide for investing in gold and precious metals in the age of Trump and do it today.
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00:29:37.400 Here's your host, Stephen K.
00:29:39.400 Back.
00:29:42.060 So, Philip, the models, the Fed does need restructuring.
00:29:46.480 What's your thought?
00:29:47.100 I mean, two-thirds of our audience is like, what in the hell do we even need a Fed?
00:29:51.060 And then we have Malpass saying, hey, it's all a central bank cabal.
00:29:54.640 They all know each other.
00:29:55.400 They go to the same schools.
00:29:56.180 They have the same professors.
00:29:57.400 They vacation in the same spots.
00:29:59.800 They're kind of running the world.
00:30:01.300 Why do we even need this?
00:30:02.660 I mean, Andrew Jackson, if you go back and read the Age of Jackson, I mean, his number one thing is, boom, hey, no Bank of the United States.
00:30:11.100 It's just going to lead to corruption and greed and taking power away from his populist movement.
00:30:17.900 I mean, it's one of the reasons they stole the first time he won, and they did steal it, that, you know, it was on this very issue.
00:30:25.680 So, I mean, we need a restructuring.
00:30:27.640 I mean, we think that.
00:30:29.180 I actually think you can actually work to do away with it.
00:30:32.240 Your thoughts, sir?
00:30:34.540 Look, the Fed has just been a very ineffective institution since inception, and it's been very bad for the middle class of America.
00:30:43.840 Since the creation of the Federal Reserve, we've seen the middle class of America essentially disappear.
00:30:49.020 They've also been a terrible steward of dollar value, right?
00:30:53.540 The Fed's official inflation target is 2%.
00:30:55.760 The long-term average has been 4%.
00:30:58.760 Meanwhile, the Fed owns about 15% of all government debt.
00:31:03.820 I'm not sure we need a Fed if we have intrinsically valuable, sound money.
00:31:10.040 At that point, the need for a central bank or a Federal Reserve starts to disappear.
00:31:14.920 But again, they have been very, very, very poor at their job since inception.
00:31:20.380 I think Mr. Mao fasted up.
00:31:22.560 But isn't that the argument, isn't that the core argument in the central banks?
00:31:26.320 I put this chart up the other day of the Chinese dumping U.S. bonds and buying gold.
00:31:31.860 I mean, don't the central banks, the reason they've been buying gold at record rates,
00:31:36.940 and you don't have to be, look, Philip Patrick and Steve Bannon did not start as gold bugs.
00:31:40.300 We came out of investment banking where the gold bugs were kind of, you know, these odd ducks like Rand Paul and his dad, right?
00:31:50.720 And nobody on Wall Street took them seriously until you hit the 21st century and it became obvious all these,
00:31:57.560 there's been no controls in these legislatures by central governments anywhere, and the whole world's leveraged up.
00:32:03.080 I mean, you're about to have the world's biggest margin call.
00:32:05.060 Well, essentially, gold, the reason gold's been a hedge for 5,000 years is because of people's inability to control themselves anytime they get near a fiat currency.
00:32:15.120 Is that basically the history, the economic and financial history of the world?
00:32:19.460 And that's why gold's always been a hedge, sir?
00:32:22.900 That is exactly it.
00:32:24.200 And I've said it many times on the show, but I felt at points in my career that gold was a relic.
00:32:30.420 And what we've seen since 2022 has shown us that that is not the case at all, right?
00:32:36.080 It's been this relative stability of the dollar over the last 50 years.
00:32:41.140 That, for me, has been the historical aberration.
00:32:44.020 And this is a return to normalcy when it comes to currency.
00:32:50.320 Central banks buy gold to de-dollarize today, not just because gold is a better asset,
00:32:55.160 but to protect themselves against dollar weaponization and other things.
00:32:58.600 But, you know, we're seeing the first six months of this year, gold or central banks have set records for gold buying again.
00:33:06.020 And I think it's going to continue.
00:33:08.320 It's such a tough job.
00:33:10.120 You know, we saw David Malpass talking about the benefits of strong versus weak currency.
00:33:15.900 Trump now is touting the idea of a weaker currency because he wants to rebuild the economy and boost manufacturing.
00:33:21.320 But that's going to work against our position as global reserve currency and the dollar's strength internationally.
00:33:26.800 So, like I said, we're in a very tough position.
00:33:29.900 It's almost damned if you do and damned if you don't.
00:33:32.400 But I think gold will continue to be the solution for central banks.
00:33:36.440 They are not letting up in their gold buying.
00:33:39.920 They're not letting up.
00:33:41.180 And this is the reason that, look, the purpose of the show is not to teach you.
00:33:44.960 The purpose of the show is to give you access to geopolitics and politics and polling and analysis and capital markets and finance that you can teach yourself.
00:33:57.960 Because only in learning yourself and going through that process to get your mental maps, like riding a bike, okay, it's so hard at first and you don't get it.
00:34:06.620 And then all of a sudden, boom, I get it.
00:34:08.980 You know this in things that you've studied before.
00:34:11.260 It's so foreign.
00:34:12.300 It's so difficult.
00:34:13.300 You don't understand it.
00:34:14.180 Then you have that, boom, that moment of clarity that you say, God, I understand it.
00:34:18.340 You've got a mental map.
00:34:19.460 Once that happens, your life changes.
00:34:22.000 It just does.
00:34:22.560 This is why we've partnered with Birch Gold over the years, and this is why Philip and I and the team at Birch Gold four years ago said, hey, let's take the currency.
00:34:33.760 Let's take the dollar as the prime reserve currency and let's walk through them over a number of years of what's happened here.
00:34:40.140 And that's the key.
00:34:41.540 The dollar is what deteriorate, 11% in the last six months.
00:34:45.960 Is my math correct on that?
00:34:48.360 Absolutely correct, yeah.
00:34:49.780 Worst start of the year since the 70s.
00:34:53.400 So, folks, that's why, and I keep talking about this, it's not the price of gold.
00:35:00.500 It's the converging forces that drive the value of gold that gets to the price.
00:35:07.780 That's what you have to understand.
00:35:09.240 You have, and you've got to, we provide all the information, but you've got to go in and struggle with the material.
00:35:16.040 You're going to have to.
00:35:16.940 We make it very accessible.
00:35:18.020 The great letter we got from the University of Arkansas, and as soon as school starts back up, I want to get that professor on.
00:35:24.500 Philip Patrick.
00:35:25.320 The guys at the central banks that all went to Stanford, all went to Harvard, they all have an HP-12C, the basic union tool.
00:35:33.660 Can I get my clock there?
00:35:34.780 Right there's some juice in it.
00:35:35.820 Thanks.
00:35:36.020 They're buying gold for a reason.
00:35:41.120 They're buying gold for a reason.
00:35:42.740 These people are not dumb.
00:35:44.300 They're quite smart, whether it's sub-Saharan Africa, South Asia, East Asia, Latin America.
00:35:50.660 There are plenty of smart people out there that are running their own models and their own perturbations.
00:35:55.440 And you see these central banks buying it with both hands.
00:35:58.940 It's time for you now to learn why they are doing that.
00:36:03.100 We're not telling you to run out and buy gold, but to find out why they're doing that.
00:36:05.940 Once you understand that, you'll be able to take care of yourself, and the guys to take care of it with is Birch Gold.
00:36:11.180 How do people get to you, Philip?
00:36:12.400 You're kind of a – I get so many compliments all the time of you and the team over there.
00:36:16.660 So where do people go?
00:36:18.620 Very simple.
00:36:19.380 It's birchgold.com forward slash Bannon.
00:36:22.420 Again, birchgold.com forward slash Bannon.
00:36:25.320 That'll get them access to all of the free reports, all of the information.
00:36:30.160 They can also text Bannon to 989898.
00:36:34.000 They'll get the same information.
00:36:36.020 And they can reach me at Philip Patrick on Getter.
00:36:41.020 So we're going to have a number of people like the Malpasses and the Fishbacks.
00:36:44.220 Tomorrow we've got Judy Shelton, a former Fed official.
00:36:47.180 She's going to be on.
00:36:47.900 Philip's going to join us back on Monday to break down everything Judy says.
00:36:51.480 And so because this situation of money and currency and gold and geopolitics and capital markets is about to become even more important than it has been over the last couple of years.
00:37:02.320 And we want to make sure the war in posse is at the cutting edge of that.
00:37:06.740 Philip, thank you so much.
00:37:07.880 And thank you for all the work you guys do putting together.
00:37:10.200 We've got the eighth free installment we're working on even as we speak on the end of the dollar empire.
00:37:15.500 Hopefully have it out in the not too distant future.
00:37:20.920 Philip, thank you so much.
00:37:22.620 Thank you, Steve.
00:37:24.440 Birchgold.com, promo code Bannon, end of the dollar empire.
00:37:28.420 The first seven installments free, working on the eighth.
00:37:30.660 And also a big announcement about that entire series when we get back from Labor Day.
00:37:36.240 We've also had impact in Marjorie Taylor Greene.
00:37:39.100 And so so Harnwell, these kinetic wars, particularly when the Middle East is is is heating back up the situation in Gaza.
00:37:49.600 Also, there's there's renewed emphasis of regime change in Persia that we're going to be all over.
00:37:55.580 Make sure we don't get sucked into that.
00:37:57.620 But the Ukraine situation and you can tell President Trump increasingly frustrated about what's going on.
00:38:02.380 But a quite interesting development over the last couple of days.
00:38:05.580 And that is where the folks in Ukraine themselves, Zelensky, what they're trying to do is make sure that they're not accountable at all to the money that's been stolen.
00:38:15.860 Right. And they want more money over there.
00:38:17.940 And so what's happened in the streets of Kiev over the last couple of days, sir?
00:38:22.020 This kind of changed at least the political direction a little bit.
00:38:26.340 Morning, Steve.
00:38:27.180 Well, if if Denver would be kind enough to pay some of the footage and I'll talk over the back of it.
00:38:31.400 Really, since the 22nd of July, Ukraine has seen some of its worst protests against the government since Russia's invasion.
00:38:40.360 And that's not unusual in and of itself, because under the martial law that Zelensky declared basic on the same day as the invasion protests,
00:38:50.260 public displays of opposition to the government are prohibited.
00:38:54.420 So it's not so much the numbers to concentrate on.
00:38:59.300 And it was actually a growing protest over a couple of days.
00:39:03.760 About two to three thousand people all told outside the presidential palace.
00:39:08.640 It's the fact that these protests took place anyway.
00:39:12.600 Steve, my look, I've got some headlines here.
00:39:15.480 Denver would be kind enough to play those as I'll talk over the top of them.
00:39:20.240 But what struck me about this, Steve, was that I had a sense of deja vu.
00:39:27.540 And it reminded me of basically 18 months, 12 months ago, when every day I was coming on this show and I was saying,
00:39:34.320 look, this is the mainstream media running one anti-Biden headline after another.
00:39:39.640 They are performing a discard.
00:39:41.520 They are getting ready to throw the person that they themselves created under the bus because he no longer is the instrument for their agenda.
00:39:51.560 And it's exactly the same thing now that we see in Ukraine.
00:39:54.900 There's just in the last 24 hours this string of headlines.
00:39:58.120 I'm going to read them out myself.
00:40:00.060 But this is mainstream MSM.
00:40:02.480 It's mainstream media.
00:40:03.720 So you've got this thing here in the Daily Telegraph saying Zelensky must go for the sake of Ukraine.
00:40:09.360 You've got this thing in Politico, and you gave a brilliant quote to Jamie Detmar in that article,
00:40:15.660 Ukraine's insidious enemy, its own leadership.
00:40:19.160 And then there's another article here in the FT, the polarizing power of Andrei Yermak, Ukraine's other wartime leader,
00:40:28.060 who up until this point had only received his, Zelensky's chief of staff,
00:40:32.440 up until this point he'd only received plaudits from the international media for his authoritative,
00:40:38.900 centralizing presence behind President Zelensky.
00:40:43.440 My takeaway, Steve, is this, and the war room should be very, very attentive to this.
00:40:48.660 The reason the mainstream media, which is simply the stenographers for the powers that run this world,
00:40:56.340 the reason that they now are starting to suffer really quite visibly from Zelensky fatigue
00:41:02.600 is not that they want this war to finish.
00:41:06.820 They want it over.
00:41:08.200 What they are doing is that they've made the calculation that Zelensky is now inimical to their agenda of keeping this war going,
00:41:16.480 and they're trying to do a discard on Zelensky to get rid of him
00:41:19.900 and bring in General Zaluzny, who's currently in London, as the ambassador.
00:41:24.520 And I flagged this up for the war room posse.
00:41:27.440 Hold on, hang on, hang on, hang on.
00:41:29.180 Whoa, whoa, slow down.
00:41:30.400 Slow the train down, because this is the guy that Zelensky got out of the country to go to London
00:41:35.120 because he didn't want to be overthrown a year and a half ago, remember?
00:41:41.600 Yes, that's exactly him.
00:41:43.040 War hero, very widely respected, especially by the armed forces, and that was one of their things.
00:41:48.720 That was why Vicky Newland, of course,
00:41:51.240 I don't know why we don't have the papers now, why we can't get access to these documents now,
00:41:56.460 but that's why she flew there and gave that impromptu press conference at 24 hours' notice,
00:42:02.080 basically because the military were getting ready to overthrow Zelensky and bring in Zelensky.
00:42:07.580 Victoria Newland tampered that down, restabilised Zelensky's regime,
00:42:13.440 and Zelensky was exiled to London.
00:42:15.820 So there is a manoeuvre now to get this very popular, has higher ratings than Zelensky's.
00:42:20.920 One of the reasons why we're not going to see presidential elections in Ukraine.
00:42:27.720 And I flag this up for the war room posse, right?
00:42:31.220 However much you think, and I really can't stand the fact that Zelensky went over to the Oval Office,
00:42:37.040 was invited back after this thing, but I'll put my personal opinions to one side on that.
00:42:42.200 But however you might feel about Zelensky sort of worming his way back in,
00:42:48.320 if you want this war to end, the last thing you want to see is General Zelensky, the war hero,
00:42:54.620 with full military schmutter going over to the White House asking for more money,
00:43:00.320 because he will most likely get it.
00:43:02.280 And we want this war to over, we want it to finish sooner rather than later.
00:43:08.160 But I will throw this point out, Steve, there's two things that President...
00:43:11.200 I'll tell you what, Ben, Ben, Ben, Ben, hang on one second.
00:43:14.740 Just hang on. We're going to bring you back after the break.
00:43:18.660 Monday's Texas Day.
00:43:21.300 We need to get focused on Texas.
00:43:24.920 If Texas ever goes purple, end of the country.
00:43:30.980 Texas is the railhead of the MAGA movement.
00:43:33.880 More in a moment.
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00:44:58.900 Here's your host, Stephen K. Vance.
00:45:02.560 More details, Amar, about what we're going to do on Monday.
00:45:05.800 We've got to get this situation in Texas sorted.
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00:45:27.620 I want to bring in Trevor Comstock.
00:45:29.120 Trevor, you've got a couple minutes.
00:45:30.860 Talk to me.
00:45:31.260 You're working on so many new things over at Sacred Human Health.
00:45:34.920 What do you got for us this morning, sir?
00:45:37.120 Yeah, I appreciate you, Steve.
00:45:38.320 So some exciting news.
00:45:39.660 We're officially rolling out a fresh new look on all of our products.
00:45:43.340 So you'll notice an updated and improved design on all of our bottles and labels while still, of course, getting the same great benefits from all of our products.
00:45:51.180 So this has definitely been a long time in the works.
00:45:53.840 And in honor of the new rollout, we're doing a 20% sale on our grass-fed beef liver, which we just extended through the weekend.
00:46:01.280 So just make sure to use code HUMAN, that's H-U-M-A-N, at checkout on any one-time order.
00:46:07.720 So just wanted to quickly mention that.
00:46:09.780 But also going off that, I know many people still aren't familiar with the benefits of beef liver.
00:46:14.340 And we still get a ton of messages from people kind of asking, you know, what's in it and what would make it beneficial for someone.
00:46:21.640 But in short, beef liver is arguably one of the best sources of highly bioavailable nutrients.
00:46:26.500 So it'll include things like vitamins, minerals, coenzymes, amino acids, as well as peptides.
00:46:31.720 And I've said it before, but I've always liked to just make the simple analogy that beef liver is essentially nature's multivitamin.
00:46:38.180 So you'll get a wide array of vitamins and nutrients such as iron, zinc, vitamin A, B12, CoQ10, folate.
00:46:45.340 The list kind of goes on and on.
00:46:46.660 But these will all compound to do things like help promote healthy skin, hair, heart, immune system, as well as brain function.
00:46:54.240 And then on top of that, beef liver also contains many other critical vitamins and minerals that most people are deficient in.
00:47:00.080 So things like selenium, K2, as well as copper and choline.
00:47:06.400 And then, of course, you can sift through some of our reviews, but people always just rave about the natural energy boost that they get after taking the beef liver.
00:47:12.800 There's always an added plus.
00:47:15.180 And then I always like to mention, too, that on top of it, aside from it being 100% grass-fed and natural, is that the body can much better absorb these nutrients as opposed to taking like a man-made synthetic multivitamin, where oftentimes your body will just flush out those nutrients.
00:47:28.780 So I won't go on for too long.
00:47:30.700 But, again, you can use code HUMAN at checkout for 20% off our grass-fed beef liver at sacredhumanhealth.com.
00:47:39.040 Perfect.
00:47:39.580 And check out all the endorsements from your fellow compatriots.
00:47:44.000 That's what we want.
00:47:44.520 We want people's feedback, and they absolutely love it.
00:47:47.060 Trevor Comstock, a great job.
00:47:48.680 Founder and CEO of Sacred Human Health.
00:47:50.820 Brother, thank you for coming on here on a Friday morning in July.
00:47:53.620 Thanks.
00:47:55.620 Actually, towards the end of July.
00:47:56.980 It's so shocking how quickly it's going by.
00:47:59.320 Ben, you've got the six.
00:48:00.360 I got the five.
00:48:01.360 You got the six tonight.
00:48:02.680 I want to thank you for staying up late.
00:48:05.640 And we're going to continue this tomorrow.
00:48:08.180 I'll figure out we've got to break some time out.
00:48:09.960 There's a lot going on in Europe.
00:48:12.340 There's a lot going on in this situation in Ukraine, but you've nailed it.
00:48:16.260 But if you do the switch out, as much as we detest Zelensky, if you do the switch out now, you're talking about a longer war because the war hero and the general will come back, and he'll take over, and you're in for a long conflict.
00:48:29.780 And what President Trump wants to do in the United States is have this conflict end as quickly as possible with no more American commitment.
00:48:36.840 Harnwell, where do people go on your social media between now and your hosting tonight, the 6 o'clock hour, sir?
00:48:43.200 On Getter, at Harnwell, which is my surname, Steve.
00:48:49.220 Give me 20 seconds, right, because there are two things President Trump can do to leverage his influence over Zelensky at the moment.
00:48:56.320 Let's get the facts out regarding the biolabs, and let's get the facts out regarding Joe Biden, Vice President Joe Biden's firing of Victor Shokin, who was the prosecutor, who was fired for investigating Burisma, the Burisma payments to Hunter Biden, right?
00:49:12.580 President Trump has all the cards, Zelensky has none.
00:49:16.860 Let's get to the bottom of this.
00:49:19.400 Thanks, Steve.
00:49:20.000 God bless.
00:49:20.780 Catch you tomorrow.
00:49:22.840 We're going to do that tomorrow.
00:49:24.460 Thanks for taking the 6 tonight.
00:49:26.880 So much to cover in that vertical.
00:49:29.880 I'm going to be up in Getter all afternoon.
00:49:31.860 There's stuff breaking back here at 5 o'clock tonight.
00:49:34.680 Charlie Kirk takes it up from here.
00:49:35.980 Then Poso, Steve Gruber, Eric Bolling.
00:49:38.560 I plan to get the show more organized today, the 5, so we can do the handover.
00:49:43.120 I love doing the handover with Eric.
00:49:45.160 Eric and I are also working on a big project.
00:49:47.800 We'll talk to you more about hopefully next week.
00:49:51.860 Mike Lindell.
00:49:52.960 So, yes, also make sure you go to Getter.
00:49:55.120 I'm going to be up all afternoon.
00:49:56.080 There's so much going on.
00:49:56.980 We couldn't even get to in the two hours of the day.
00:49:58.600 That's where we get two hours this afternoon.
00:50:00.700 The 5 o'clock shows me on fire.
00:50:02.400 And then tomorrow, Judy Shelton is going to join us.
00:50:05.460 And much, much, much more.
00:50:07.340 We're getting more of the Tulsi Gabbard.
00:50:08.660 I think we'll have some news to break this afternoon if everything works according to plan.
00:50:12.760 And then more even tomorrow.
00:50:14.480 And, of course, Todd Blanch, I'm sure we'll get some sort of readout of this really extraordinary second day with Maxwell down in Tallahassee.
00:50:24.360 Mike Lindell, you've been let loose in the imperial capital.
00:50:27.880 How's it going, sir?
00:50:29.640 Well, I'm actually leaving.
00:50:30.820 I assume it's going okay.
00:50:31.500 Yeah, it's going great.
00:50:33.480 We're actually leaving Washington, D.C. today.
00:50:36.000 And what a couple days it was.
00:50:38.040 And you guys at the War Room Posse, you've made it possible that we're even around to be able to win this big appeal we just won two days ago.
00:50:45.720 And the news went out to 56 countries.
00:50:48.240 And everybody reported it except for Fox News.
00:50:51.280 Of course, they didn't report it.
00:50:52.840 But you guys, I want to thank the War Room Posse with our biggest sale yet.
00:50:58.040 People come all over the country to go to Minnesota to go to our outlet store.
00:51:02.980 And I said, you know what?
00:51:04.140 Why not reward the War Room Posse with an outlet sale?
00:51:07.720 Everything that's in our outlet store, you guys are going to save up to 80%.
00:51:12.020 Products you've never even heard of before, like our clothing line, our kitchen line.
00:51:17.820 So go to MyPillow.com.
00:51:19.860 You guys scroll down.
00:51:21.060 Click on Steve.
00:51:21.920 There he is right there.
00:51:23.080 Then click on that outlet sale.
00:51:24.600 And you're going to click on that and you're going to scroll down.
00:51:27.820 You're going to see clothes on products.
00:51:29.560 Products that we have that we're overstocked on.
00:51:32.620 You're going to see products we don't even have up on the website because they're very unique products for your house.
00:51:39.660 But you guys, do all your shopping there on this great outlet store sale with promo code War Room.
00:51:46.200 Call 800-873-1062.
00:51:49.200 And, Steve, I can't thank the War Room Posse enough to keep us in the fight because we're going to keep winning, winning, winning.
00:51:55.680 Promo code War Room, everybody.
00:51:57.780 The best promo code out there.
00:51:59.660 MyPillow.com.
00:52:00.460 Promo code War Room.
00:52:01.720 Lindell will be with us in the 5 o'clock hour.
00:52:04.020 Mike, thank you.
00:52:05.200 Let's go back to work.
00:52:07.020 Yeah, please.
00:52:07.860 Mike Lindell.
00:52:09.980 Loose in the Imperial Capital.
00:52:12.720 We're going to leave you with the right stuff.
00:52:14.980 If you get a chance over the weekend, I was just talking to somebody actually during the show.
00:52:21.420 This is one of the most extraordinary movies, I think, in American history.
00:52:26.040 You want to talk about America at the top of her game.
00:52:30.180 The greatest country in the world, the greatest country in the world's history.
00:52:33.320 The 1950s and 60s in the space program and the test pilots.
00:52:39.660 Chuck Yeager and these guys.
00:52:41.960 A magnificent film.
00:52:43.240 A masterpiece.
00:52:44.040 A masterpiece score.
00:52:45.840 A masterpiece book by Tom Wolfe.
00:52:49.040 The right stuff.
00:52:50.460 We'll leave you with that.
00:52:51.120 Charlie Kirk is next.
00:52:52.140 A Real American Voice.
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