Bannon's War Room - October 02, 2025


Episode 4823: Where To Turn Following ACIP's Vaccine Recommendations; War With The Cartel


Episode Stats

Length

54 minutes

Words per Minute

173.09314

Word Count

9,439

Sentence Count

681

Misogynist Sentences

3

Hate Speech Sentences

9


Summary

Trump signs an executive order that could see millions of federal workers lose their jobs, and the Department of Homeland Security is considering mass firings. What does it mean for the future of the agency, and what will it do to the country, and how will it affect the fight against climate change and other environmental issues?


Transcript

00:00:00.000 press vote and Donald Trump are in the kitchen with the active ingredients in deciding what to
00:00:04.260 slice and dice here. And those two men are here meeting this afternoon to go through potential
00:00:09.380 firings across agencies and potential cuts of projects. He's threatened 16 Democratic states,
00:00:14.800 their green energy projects. He's threatened the tunnel that is being constructed here in New York,
00:00:20.280 subway transformation project. So there's a lot on the line. And frankly, until the government
00:00:25.680 has reopened, the Office of Personnel Management, they sent out to agencies stating very specifically
00:00:31.800 that the OMB director is the one who is empowered to determine which federal workers are accepted
00:00:37.720 and able to work. And right now they are making the case, the OMB director, that those who would
00:00:43.860 be processing the firings are crucial workers and workers that should continue to work.
00:00:48.360 And Russ Vogue has been dreaming about this since puberty, according to Utah Senator. Strange,
00:00:54.240 strange way to put it. But I guess that that underscores how much he wants to slash the
00:00:59.160 government. Explain exactly what this executive order will do. Yeah, Katie, it's got a lot of
00:01:05.920 people freaked out. It's a national security presidential memorandum. So it's going by
00:01:10.500 NSPM dash seven for short, if you want to Google it. And what it does, it's an attempt by Donald Trump
00:01:17.800 to steer the law enforcement apparatus of the United States in the direction of what he calls domestic
00:01:23.420 terrorism and political violence. Now, it's important to say, Katie, that this doesn't create
00:01:28.480 any new laws or any new surveillance authorities for the FBI. They still have to follow the same
00:01:34.180 rules they did before. But what it says is it's making a priority to investigate groups that Donald
00:01:41.480 Trump says are leading to domestic terrorism. And that has got a lot of people freaked out.
00:01:47.760 And one former DHS official, Miles Taylor, said that he believes that this will allow the Trump
00:01:54.740 administration to more easily put people on terror watch lists who previously were not eligible for
00:01:59.860 terror watch lists. And you get on a terror watch list, that can be a big problem for in a lot of
00:02:04.200 ways. And opening a criminal investigation into someone, even if they're never prosecuted,
00:02:09.620 can be a big problem. Or into groups like the Soros Foundation or groups that the Trump
00:02:14.840 administration thinks are supporting left wing organizations that they don't like. And so
00:02:19.040 that's the concern here. It's got law firms paying close attention. It's got NGOs and groups paying
00:02:26.920 close attention and journalists. How it's actually enforced and what impacts it will have remains to
00:02:33.940 be seen. But it is a major shift by the Trump administration. And it's it tasks things like
00:02:38.940 the joint terrorism task forces all around the country to be looking at these specific targets.
00:02:44.640 What are the categories? I don't have it in front of me, but it's it's essentially it's designed
00:02:51.080 it's groups that they believe are are fomenting political violence or
00:02:56.860 yeah. So I'm sorry. I don't I don't have the list in front of me, but that is the kind of a you know,
00:03:05.420 and Stephen Miller has made a big deal of saying in the wake of some of these incidents that he
00:03:10.000 believes that there is a let there are left wing movements. There are these groups behind some of
00:03:15.640 these people. And of course, that has not there's no evidence to support any kind of organized leftist
00:03:21.300 terrorist structure in the United States. And the FBI still has to follow the same rules when
00:03:26.300 they're opening criminal investigations. But that's what this is all about. You see the polling
00:03:30.260 numbers. It doesn't make sense why they would so openly celebrate mass firings. At the same time,
00:03:35.960 people like Russ Vogt, I don't know if he's been doing it since puberty, had this vision. But
00:03:39.860 at the same time, they've seen Donald Trump as a vessel. This is what their vision of the American
00:03:45.260 government wants to make the government in this 2025 and 2026 is their moment, right? Forget what
00:03:51.740 happens next November. This is their window of opportunity the next year, next 13 months to go
00:03:58.020 and reshape the American government. I was told back during the transition, Russ Vogt, he wasn't clear
00:04:03.820 whether he was going to be onboarded, but Vivek Ramaswamy and Elon Musk were big proponents because they saw
00:04:08.940 him as the portal to being able to actually execute the budgetary means to go and do what they
00:04:15.120 knew that they would not be able to do independently through Doge. They're no longer
00:04:18.780 around. Russ Vogt is and he is the man who is carrying out this vision of the Heritage Foundation,
00:04:24.080 the Center for Renewing America, all of these different right-wing groups. This is their moment.
00:04:31.420 This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on
00:04:39.800 these people. The reason I got a free shot at all these networks lying about the people. The people
00:04:46.240 have had a belly full of it. I know you don't like hearing that. I know you try to do everything in
00:04:50.280 the world to stop that, but you're not going to stop it. It's going to happen. And where do people
00:04:53.740 like that go to share the big lie? Mega media. I wish in my soul, I wish that any of these people
00:05:01.560 had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my
00:05:09.500 country, this country will be saved. War Room. Here's your host, Stephen K. Bannon.
00:05:22.000 It's Thursday, 2 October in the year of our Lord, 2025. Vaughn here gives a very good, I think,
00:05:28.680 summary of what's going on right now. Russ's vote is clearly in the line of Project 2025 and CRA,
00:05:35.140 all the groups that work together for the deconstruction of the administrative state,
00:05:38.780 is, I believe, over in briefing the president. And I think that we're going to have some clarity,
00:05:44.640 clarity and focus on exactly what they're going to talk about these rifts. And we'll get this to
00:05:48.900 you as soon as we know more. But it's a very big and aggressive plan. Also, just some updates on the,
00:05:54.720 this morning about the situation at TSA with Quiet Skies, with Gina, Dr. Gina Loudon that we talked
00:06:02.880 about, Tulsi Gabbard also got wrapped up. And I think the TSA official that was in back there got
00:06:07.720 fired. I will double check that. Also, Julie Kelly's been focused, the Eastern District of what,
00:06:13.500 Virginia, and with Lisa Monica is another big breaking story of that. We'll get to all that.
00:06:18.660 We're going to have Russ Ibbotson, if he can work at the technology, the U.S. editor of the Daily Mail,
00:06:23.780 their lead story, is about a briefing on Capitol Hill yesterday by senior-level Trump officials,
00:06:29.880 including the Department of War, talking about, and it sounded like kind of the type of briefing
00:06:35.280 you want to do when you don't want to have the War Powers Act enacted on you, but about
00:06:39.020 kinetic conflict with the cartels. We're going to get to all that. Russ is going to try to join us,
00:06:45.140 Philip Patrick here. We're pretty jammed. I'll ask Megan Messerly from Politico to come on. Megan,
00:06:51.720 Jessica, you first were hired by Politico as the national health reporter, and then you segued
00:06:57.400 over. You covered the White House today, correct? That is correct.
00:07:02.880 Okay, so this is what I want you on. You've got to make this, try to make this make sense for us,
00:07:08.320 because I think we're suffering from whiplash now of what's going on about vaccines, autism.
00:07:13.760 So as you know, the Warren Posse, 3,500 people volunteered to go through the Pfizer papers
00:07:18.480 over the years, big Maha, Make America Healthy Again audience, very pro-Bobby Kennedy, really
00:07:24.200 worked on the Bobby Kennedy confirmation. Then Bobby gets in there, and then a couple weeks ago,
00:07:29.440 four or five weeks ago, we have the announcement that the $500 million in mRNA vaccine research is
00:07:36.460 cut off. Then you have the ACIP. I think ACIP happened before that. ACIP is, they're fired,
00:07:43.440 and Dr. Malone is put in charge of it. Then you have, you have the round, you have the round table
00:07:49.900 that happened down at CDC, talking about, I guess, the child, the damage done by the COVID vaccine.
00:08:00.420 We've had one series of events, and then President Trump, this historic, I guess Tuesday, a week ago now,
00:08:07.740 comes into the Roosevelt Room, and actually out Bobby Kennedy's Bobby Kennedy, and we think it's going to be
00:08:13.240 kind of almost a bait and switch, because they're talking about Tylenol, and we're talking about the whole
00:08:18.200 autism thing, and he actually says he's staking his presidency. With everything he's doing, he's staking his
00:08:23.540 presidency as a success of whether he kind of solves this autism situation. I think everybody's sitting there
00:08:29.340 going, this is incredible. I mean, he goes next level. And then yesterday, we have, which is kind of the
00:08:35.980 great Satan here for the four-room audience. Pfizer's in the Oval, and the next thing you know,
00:08:42.240 I think we're approving mRNA research, and Pfizer's getting, they're cutting some drug prices, but
00:08:47.480 they're honored in the Oval Office as a conquering hero. Can you just make it make sense for us?
00:08:53.000 What exactly, because it looks like at certain times, Bobby Kennedy and HHS is getting tremendous air
00:08:58.400 cover from the White House, and at other times, it looks like we're going back and working with big
00:09:03.740 pharma, like there's no harm, no foul. So can you just walk us through what you see covering your day
00:09:09.000 to day as what's going on? Absolutely. No, and I think that's such an interesting dynamic as you broke
00:09:15.900 it down there, because we really have seen the president at times take these maybe seemingly
00:09:22.420 contradictory approaches when it comes to vaccines. Obviously, he was the one who was pushing
00:09:29.080 Operation Warp Speed, you know, developing the COVID-19 mRNA vaccines, and yet we saw him in the
00:09:36.740 Oval last week come out very forcefully in a way that I know surprised me. I think it surprised you.
00:09:43.080 It surprised a lot of folks in the Maha movement who are just not expecting the president to go there.
00:09:49.180 You know, of course, the president sort of has these longstanding, you know, skeptical views of
00:09:54.320 vaccines that he's expressed in the past. So it wasn't wholly, I think, unusual to see him come
00:09:59.920 out and say those things in the Oval Office. But to your point of really, he out, Bobby Kennedy,
00:10:05.940 Bobby Kennedy, because, you know, you have Bobby Kennedy in there in the Oval saying, you know, hey,
00:10:11.720 you know, we think there might be some concerns with Tylenol, you know, pregnant women should not be
00:10:17.740 taking it because, you know, we have concerns this leads to autism spectrum disorder. And then you have
00:10:22.880 Trump going in there and just saying, you know, I think the shot should be broken up. I don't think
00:10:29.020 you should take the hep B vaccine until 12. I mean, these are not things that even Bobby,
00:10:34.040 Bobby Kennedy. No, no, no, no, no. Hang on, hang on, hang on, hang on, hang on, hang on, hang on,
00:10:37.960 no, no, hang on. He says, and very endearing. He says, you got the little baby sitting there and
00:10:42.960 you have a vat. He called it a vat. He's a very visceral, visceral, yeah, very visceral imagery. I mean,
00:10:49.900 the president loves an image, right? The image of like the baby being pumped full of vaccines. He
00:10:55.000 also likes talking about the horse shots, right? It's all this very visceral imagery. And this is
00:11:00.020 something the president has talked about for a long time, right? So no surprise in one sense that
00:11:04.680 he's talking in these visceral terms. But you have to remember that Bobby Kennedy's own, you know,
00:11:10.940 panel of picked vaccine advisors, like you mentioned with Dr. Malone on it, did not even vote to make
00:11:18.140 these recommendations that the president was making. So in some ways expected, in some ways
00:11:22.420 out of left field, but I think sort of scores with the president's, you know, own belief about
00:11:26.740 vaccines, which is that, you know, he said that he likes vaccines. He has concerns about them being
00:11:33.500 administered all at once, about babies receiving so many shots all at once. So I think in my mind,
00:11:39.540 I sort of see it as a breakdown between the timing of the shots versus the shots himself. And then also,
00:11:45.860 I think the president's concerned about the freedom of parents to make their own decisions
00:11:49.440 about the timing of those shots.
00:11:53.340 What do you, where do you think we stand right now then with the policy rollout of what we can
00:11:59.540 anticipate? Because the president said, I think three or four times on that, in that meeting,
00:12:04.220 he's essentially staking his, so personal to him from friends he knows, et cetera, they staking
00:12:09.500 his presidency on the successful outcome of understanding of autism and vaccines and maybe
00:12:15.540 getting the schedule right, but doing it correctly. That is about as high a stakes as you can get
00:12:20.080 coming from President Trump. So where do you think we stand in this whole thing?
00:12:24.240 Yeah, there's, I mean, I think there's a couple really interesting sort of touch points that I'm
00:12:28.660 keeping an eye on, you know, right now. We're, we're at this moment where we're waiting to see
00:12:34.260 actually what Bobby Kennedy and what his acting CDC director, Jim O'Neill, what they do with those
00:12:42.360 ASIP recommendations. Of course, they don't actually have to follow them. There's not a
00:12:47.120 ton of precedent, though there is precedent for the CDC director to make sort of a different
00:12:51.940 decision than ASIP recommends. So, so now that President Trump has given this air cover, you
00:12:57.740 know, they, they very well could go in and make recommendations beyond what ASIP said. So that's
00:13:02.600 one big thing we're watching for. And the second is to see what happens with this vaccine injury
00:13:06.820 compensation program, which is going to be a key thing, I think, for a lot of folks in the Maha movement.
00:13:12.740 Is that, is the report scheduled to, it hasn't come out, the big autism report was supposed to be
00:13:18.580 the 28th, but I think that's still, that's been delayed, correct? That's correct. Yep. We had this
00:13:23.760 one Tylenol announcement. We expected maybe that we would get more by the end of September, but,
00:13:29.820 but now we're waiting to see more to come out of HHS. We did not get that official report by the end of
00:13:35.720 September, like, like had been, uh, said before. Megan, how can people follow your, uh, reporting?
00:13:43.320 Where do they go on social media? Where do they go over at Politico? Yes, we're at politico.com and
00:13:48.740 you can find me on X. I'm just at Megan Messerley. Thank you, ma'am. Appreciate you. Thank you.
00:13:56.920 The Daily Mail's, the Daily Mail's U.S. editor, a blockbuster story that wasn't really tipped
00:14:03.580 yesterday, but it's the lead story in the Daily Mail. Uh, I believe it is as close in a formal
00:14:10.920 process that President Trump and the second president term has come to talk about kinetic
00:14:16.560 war. There was a briefing on Capitol Hill yesterday. I think that was done so they could get around the
00:14:24.580 war power, any imposition of the War Powers Act. This is what's happening in the Caribbean and maybe
00:14:29.740 potentially in northern Mexico against the drug cartels. With President Trump's, uh, administration,
00:14:35.240 his Department of War, being very adamant that we're at war with the cartels. And that includes
00:14:40.660 not just economic war, political war, legal, but kinetic. Lighten things up. Short commercial break.
00:14:48.460 U.S. editor of the Daily Mail, next in the War Room.
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00:16:59.560 Okay. The Daily Mail is the largest, I think, paper in the world. It's the most read website. They have
00:17:06.060 a massive U.S. operation, plus U.K. and the world. It's something we go to a lot because they're very
00:17:11.700 quick at breaking important news. And you can kind of tell by the traffic they get on certain stories
00:17:17.920 what drives the news cycle and what doesn't. I'll be honest, kind of a shocking story today,
00:17:23.100 a scoop getting from Ross Ibbotson, the editor, U.S. editor of the Daily Mail.
00:17:29.500 This headline is the story that the senior executives from the Department of War went to Capitol Hill
00:17:38.140 yesterday with others to brief Congress on what they're calling a beginning of a kinetic war
00:17:45.440 against cartels. And those cartels would be from South America, basically,
00:17:50.280 seems like Venezuela, all the way up through Mexico. Is that what you're reporting showing?
00:17:55.940 Correct, Steve. We're reporting that they've declared war on these drugs cartels,
00:18:00.400 and they are citing international war, calling it a non-international armed conflict,
00:18:08.880 which basically says these are non-state actors, but we're at war with them because
00:18:14.020 they represent a deadly risk to United States citizens.
00:18:18.920 So this would not be something I would think that the Trump administration, given the way
00:18:27.760 they're rolling, on their interpretation of Article II powers, of which we're a huge advocate of,
00:18:32.600 the very aggressive President Trump's approach on Article II, on his Article II powers,
00:18:37.660 particularly as commander-in-chief. Was this requested by people on the Hill? Did Pete Hex and
00:18:43.060 these guys volunteer? Did Stephen Miller volunteer? I mean, how did this even come about?
00:18:47.200 Well, that's not actually clear yet. The White House hasn't responded to my request or comment
00:18:54.440 on that yet. But it does follow complaints by Democratic and also some Republican lawmakers
00:19:00.400 that these strikes require the ascension of Congress under the War Powers Act, although that has been
00:19:10.260 ignored on numerous occasions before, including by Barack Obama in Libya and Bill Clinton in Kosovo.
00:19:18.540 But yes, it does appear that the Trump administration is trying to provide an ironclad
00:19:23.740 legal framework where they can push forward with this military action, basically, against the cartels from South America.
00:19:31.540 And this, I guess, was driven by the fact that we do have an amphibious readiness group
00:19:38.820 in the Caribbean, off the coast of Venezuela, and we have 4,000 fleet Marines that are there.
00:19:46.240 Is that what drove this? Plus, they've taken out, I think, three different vessels now
00:19:50.240 over a period of a couple of weeks. Is that what the primary concern was and why they went in there
00:19:55.180 and want to get ahead of this?
00:19:56.940 Yeah, I think so, because Congress has been raging about the, as you say, the three strikes last month,
00:20:01.680 all of them deadly. One of them was against Trem de Aragua. The other two weren't specified.
00:20:08.820 And in their memo to lawmakers that didn't specify any particular terrorist organization,
00:20:17.160 we're asking for clarification on that. And it doesn't name Venezuela either. I suppose they're
00:20:22.840 concerned that they would be concerned about naming Venezuela. They obviously don't want to get
00:20:27.580 drawn into a broader conflict here. But as we know, Trem de Aragua is the notorious cartel which
00:20:35.800 took over apartment buildings in the US, so certainly seem to be using force on American soil,
00:20:43.340 although Democratic lawmakers say that the trafficking of drugs doesn't constitute use of force.
00:20:52.840 So they've said, hey, it's Venezuela, but they're not, they're not, quote unquote,
00:20:58.580 going after Venezuela. They're going after a drug cartel that's a non-state actor. We're at war with
00:21:05.240 these non-state actors, whether it's Trem de Aragua in Venezuela or the Sinaloa cartel in northern
00:21:11.720 Mexico. But we're going to war, and in this case, kinetic, against these drug cartels. Is that
00:21:18.300 essentially the case that the Trump administration is making? Exactly. Yeah. They're not singling out
00:21:23.460 any particular cartel, but they're saying that because fentanyl is so deadly, it kills thousands
00:21:29.060 of Americans, that they're justified in their use of basically wartime deadly force against these
00:21:38.080 groups. Now, they said that they previously called it self-defense, but this memo to Congress appears to
00:21:45.760 go further, where they're saying these attacks on the boats are not isolated, but they're consistent
00:21:50.260 with a sustained active conflict. And they say that because these groups are so sophisticated,
00:21:57.460 they're so well armed, that they're able to act with impunity without the use of military force.
00:22:03.760 So as we've seen, they've been using drones to carry out these strikes, much to the annoyance of the
00:22:12.460 more liberal lawmakers on Capitol Hill.
00:22:19.620 So Rick Grinnell and Marco Rubio, Secretary of State Rubio, have kind of been at this with
00:22:24.160 Grinnell basically positing there's a diplomatic way or negotiated way, particularly around the
00:22:30.440 resources down there and American companies and involvement to get around this. What does your
00:22:35.660 reporting show you that how much of this was driven by Marco Rubio, Secretary of State, who seemed to
00:22:41.940 take a big interest in this and is on Fox all the time, I think kind of teeing up like you teed up
00:22:48.240 the Iraq invasion, teeing up a actual military invasion of Venezuela. How big a part of this briefing
00:22:54.640 was either Marco Rubio or his deputies over at the State Department?
00:22:59.860 I'm not, I'm not sure as to what Rubio's involvement would have been in it, to be honest, Steve.
00:23:05.960 I don't have that.
00:23:09.320 Did, did, what's the, did you get any feedback? The White House has not commented on this.
00:23:13.860 What feedback did you get, although, and not commenting on it, they haven't come out and denied it.
00:23:18.700 What, what feedback are you getting from Capitol Hill about the presentation itself?
00:23:22.120 Well, the White House hasn't, didn't, didn't get back to us, but they have, they have reiterated
00:23:30.680 their position, I think, to the New York Times, and they're saying that this is it, this is in
00:23:34.860 in line with the law, but like pretty vague. I kind of get the sense that some of them were caught
00:23:40.340 a little bit by surprise today, and they weren't exactly abreast of what the Pentagon was doing on
00:23:46.680 Capitol Hill yesterday. But yeah, that remains to be kind of, to be worked out, still trying to
00:23:52.020 piece that together. I'm not really sure.
00:23:56.280 Ross, where do people follow you to, we always send people to the Daily Mail every day, but
00:24:01.120 where do people, this story is very big, and it's quite controversial. There are, there's
00:24:05.800 not an insignificant amount of the MAGA movement that's saying, hey, hang on, we, we got to
00:24:10.240 take care of the drug cartels. Maybe fentanyl is coming up more through Mexico, and we ought
00:24:14.500 to be taking care of the Mexican cartels, and their partners in the Chinese Communist Party,
00:24:17.760 then down in Venezuela, worried about cocaine in Maduro. But, so this is going to be very
00:24:23.280 controversial for, not just between Democrats and Republicans, or between the House and
00:24:28.940 the, in the White House, but also internally to the, to the MAGA movement. Where do people
00:24:33.340 go? What's your social media? Where do people go to follow this more?
00:24:35.920 So, obviously, DailyMail.com, but also, but just by searching my name, Ross Ederson, on
00:24:41.080 Twitter and Instagram as well. Thanks very much, Steve, for having me, by the way.
00:24:46.680 Ross, thank you so much. Keep, uh, Daily Mail is a must-read every day.
00:24:52.700 Um, this is why I think yesterday, uh, was so, it was historic, obviously, in the fact that
00:25:00.160 everybody came together, every flag officer came together, which we've never done since
00:25:06.220 the founding of the Republic. Um, it wasn't, and Pete's talk at the beginning, I think,
00:25:12.380 was necessary and had to be done, and obviously very serious, a different, uh, and particularly
00:25:16.320 his, his focus on the, was it ferocity and precision, the way the American military is going
00:25:23.140 to fight wars and win wars. We're not in this just to play patty cake or play defense, or,
00:25:27.880 as President Trump said, no games. But I felt that the President's speech, and the President
00:25:34.640 covered a number of topics there, and obviously his haters were very critical, although I thought
00:25:39.320 it was a historic speech, and I thought it was a historic speech because the buried lead
00:25:42.600 had to deal with, uh, what happened in Portland last night with the National Guard, what happened
00:25:48.240 in Memphis yesterday with the Attorney General, uh, the Secretary of War, and, uh, President Trump's
00:25:53.640 chief advisor on domestic policy, Stephen Miller, who's also very involved
00:25:57.340 in national security because now it comes here, and President Trump's saying,
00:26:01.520 hey, we got to worry about the evasion here, enemies within, uh, that the military is going
00:26:05.920 to be called out for, uh, and under emergency measures. Part of that's obviously, uh, this,
00:26:11.740 this war against the cartels, which we've advocated very strongly for from the beginning.
00:26:17.100 In fact, uh, when they sent the troops down to secure the southern border, which they've done
00:26:20.700 so magnificently and needed to be done for years and years and years, uh, we said when,
00:26:25.940 remember they had the, the 10 or 15,000 back in, I think, April or May, we felt at the time
00:26:31.740 there'd be a perfect time to put Mexico on notice and go do a kinetic strike, uh, with
00:26:36.760 the labs, particularly the fentanyl labs, which are just sitting there in northern Mexico as
00:26:40.440 easy targets. Uh, they did have, uh, they did have, I think it was CNN had a, uh, one of the
00:26:46.580 cartel members on for an interview last night. And he said, Hey, it's so much harder to get
00:26:50.000 drugs here to hear our human trafficking. Now that president Trump's in charge. I mean,
00:26:54.140 they admitted it's tough. They would seem to be the likely targets, right? Because particularly
00:26:59.360 they're actively in business with the Chinese communist party on the fentanyl trade. Now
00:27:03.100 in Latin America, you know, Maduro is a bad guy. The people around him are bad guys. But when you
00:27:09.020 have a amphibious readiness group down there, that's a different level. I mean, that is like
00:27:13.700 big time kinetic warfare. You got 4,000 sailors and Marines. You got a bunch of fleet Marines.
00:27:18.440 You got people ready to go hit the beach if necessary. And of course, yesterday, and we
00:27:23.200 still don't know Ross's, Ross's thing. I think he said it was, you can imply that people in Capitol
00:27:28.120 Hill are nervous and president Trump wants to make sure that there's no, uh, coming and trying to chop
00:27:33.620 block going to court to stop this. He wants to get ahead of it. And so huge news that they basically
00:27:39.580 said, we have declared war on the drug cartels from Latin America. It looks like all the way up to
00:27:46.020 Mexico. And, uh, you heard Pete Hegseth tell him when we go to war, we go with a ferocity and precision
00:27:52.700 to go in and fight it and end it. So people should, uh, I think, uh, stand by for some, uh, kinetic
00:28:00.780 activity around the war on the cartels. Want to thank Ross Ibbotson and the Daily Mail for joining us.
00:28:06.820 Short commercial break. Phillip Patrick, gold is on fire. The question is, why is it on fire?
00:28:14.260 Next in the war room.
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00:30:41.140 Uh, so, um, I think I had you on here last time, Philip Patrick. Goal was at 37. No, I'm just
00:30:48.860 kidding. Uh, what you did though on the Saturday show, I've gotten tons of feedback and I want
00:30:54.000 to go back through that. And here's the reason. As we've been covering this with you for four
00:30:58.620 years now, the end of the dollar empire and the pressure on the dollar, the budget deficits,
00:31:03.120 all that. Goal was at 1100, today through 3900, but every day kind of goes up, backs off a little
00:31:08.740 bit, then goes up some more. I tell people it's the process, not the, not the price. You brought up
00:31:15.300 something last week about the central banks, particularly given, and folks, this is driven,
00:31:20.800 always driven by war. Given the economic warfare component of the war with Ukraine and Russia,
00:31:27.200 that the $350 billion in assets that essentially the West is going to steal because France and
00:31:34.860 Germany and England don't, and Italy don't have any money to put up for Ukrainian defense. And
00:31:39.560 Zelensky is talking about 90 to a hundred billion dollar arms deals. They're going to take the
00:31:43.740 Russians money that were in these money center banks. And it's basically all in Euro that the
00:31:49.000 central banks now are saying, well, hang on for a second. Should I reserves just be Euro or dollars,
00:31:54.100 or maybe we should add something and they're adding gold. And this is one of the reasons they're
00:31:57.440 buying at record rates besides the bilateral trade deals you talked about on the de-dollarization
00:32:02.560 movement. I've got an article, if Mo and Grace can get it up. There's a Bloomberg article
00:32:07.260 that mentions the fact, I think there's 17,000, is it 17,000 hedge funds in the United States?
00:32:18.440 And there are only 14,000 McDonald's. There's more hedge funds than McDonald's.
00:32:22.420 One thing I can tell you, knowing a bunch of hedge fund guys, and they never did this in
00:32:26.760 the past, part of the money that they, because they draw down, they don't get all the cash
00:32:32.360 from people. They raise a billion dollars. You don't get the billion dollars. You do it
00:32:35.320 on calls on deals. They're putting a bunch of their kind of reserves or what they're sitting
00:32:39.900 on in gold. Hedge funds, and particularly as they multiply so much, there's only so many
00:32:45.420 investment opportunities. They're buying gold and seeing on that. And of course, it's had a
00:32:50.140 historic run. This is another fundamental structural change, potentially, to the demand
00:32:56.420 side for gold. Philip Patrick, your thoughts?
00:33:00.040 Yeah. I mean, there was a lot to unpack there. So first of all, as you rightly point out, what
00:33:04.780 we've been doing, and it was predominantly the previous administration, you mentioned weaponizing
00:33:08.860 our dollar against Russia. We have disincentivized the world through policy to hold the dollar,
00:33:15.780 through weaponizing it against Russia. If I'm China, that's a concern to me, right? I want
00:33:21.300 to diversify. But also through devaluation of currency as well. One of the benefits of
00:33:26.980 the US dollar relative to other currencies was stability. It was that, along with the petrodollar
00:33:33.180 that cemented our position as global reserve. With huge money printing, massive quantitative
00:33:38.520 easing, that stability argument's gone out the window. And I think the world are waking
00:33:43.660 up and de-dollarizing at a rapid pace. And it is not slowing down at all. Gold buying set
00:33:51.280 another record for the third quarter of this year by central banks on the back of a six-month
00:33:57.560 record in the first six months of this year. As we've said on the show, we mentioned on the
00:34:02.140 Saturday show as well, gold has now become the number two global reserve asset. It's 20%
00:34:09.940 of global reserve currency today. It takes up a larger share than US debt, which we haven't seen
00:34:17.780 in a long time. But as I mentioned, I think this is a trend that's going to continue. I think we're
00:34:22.820 reverting back to where we used to be in the 80s, where gold was about 70% of global reserve. Ultimately,
00:34:30.500 I think the trust has been broken. And it's just one drama after another after another. Now we have a
00:34:37.360 government shutdown. I mean, trust has been broken, and the world's waking up.
00:34:44.520 Do you think this, the 80s is when the kickoff for massive globalization, do you think this is a
00:34:49.940 leading indicator that we're going to live in a post-globalization world with supply chains,
00:34:54.820 everything that people are going to be, as we've been advocating, I mean, we're a huge advocator of
00:34:59.220 it. But is this gold now going back and looking like it could be, I mean, 20% is shocking, I think.
00:35:07.360 But do you think it could get to 30%, 40%, 50%?
00:35:11.040 I think not only it could, I think it will. The trajectory, look, something dramatic is going
00:35:16.900 to happen domestically to make the dollar look attractive again. It's going to take a miracle,
00:35:22.500 right? Right now, I just don't see it on the horizon. So where does it end? I don't see China
00:35:28.400 reverting back to trading in US dollars again. I don't see Russia, sorry. I don't see China
00:35:35.280 increasing dollar reserves. I see them reducing significantly. 50% of China's transactions now
00:35:41.520 internationally bypass the dollar. They are in yuan. That was unheard of. So yes, I think this is a
00:35:48.300 trend that's going to continue. And you rightly point out, I think what we've been seeing,
00:35:54.180 this has been happening for a while, but the end of this sort of post-World War II era of
00:35:59.360 globalization. And I think when the trust disappears, trust in money disappears, central
00:36:04.980 banks turn back to gold. And as you rightly point out, we're seeing things that we just would never
00:36:10.860 have predicted a few years ago. Huge institutional demand, not only from central banks, but from
00:36:17.480 investment firms, from PE funds. They weren't looking. They were looking for returns three,
00:36:22.700 four, five years ago. You didn't consider gold for that. Today you do. So you put it as a structural
00:36:29.120 change. And I think it's the best way to put it, a reversion perhaps.
00:36:35.620 What, how do people work? Now we've got end of the dollar empire. We're coming at,
00:36:40.380 we got seven free installments. We're doing a physical copy of it. We're going to do hopefully
00:36:44.000 some events this fall. We're coming out with eight and nine, really off. Eight is going to really be
00:36:49.100 off your guys reporting of the rear reset in the, in the, in the bilateral deals.
00:36:54.800 What do you tell people now when they come and say, Hey, I I've never done physical gold before.
00:36:59.560 You know, I'm not a gold bug. And I keep saying, uh, Ray Dahlia, Steve Bannon and Philip Patrick
00:37:04.500 and our gold bugs. I was never, I mean, I was, came out of Harvard to Goldman Sachs. If you talked
00:37:09.480 about gold, they thought you're a wing nut, right? Investment banking in the eighties, nineties,
00:37:14.420 and the double aughts were, were all about, uh, globalization, all about maximum maximization
00:37:20.340 of shareholder value. And gold was looked at as an archaic relic from a time going by,
00:37:26.240 right from a time going by. And now it's such a key asset for central banks. And that asset,
00:37:32.500 that asset shift, particularly reserves is not just shocking. It's a wake up call and people
00:37:37.920 ought to focus on that. Um, so what do you tell clients when they come to you today? Cause I want
00:37:42.400 to make sure as many people, we never tell you to buy gold here. Okay. It's not our job to do that.
00:37:47.840 What we try to do is give you access to information so that you can learn yourself what the pattern
00:37:52.640 recognition is. But what are you telling people now when they, when they come to you, how should
00:37:56.780 they think about this? Listen, first of all, the end of the dollar empire series, I don't think
00:38:02.360 has ever been as pertinent as it is today. So first of all, everybody needs to read that.
00:38:08.220 Then they're going to have an understanding of why we have the bubbles we have, why the debt has
00:38:13.700 exploded, how the federal reserve are culpable. That's going to give them understanding of the
00:38:18.340 big problem, debt, deficit spending, borrowing costs. In understanding that in the context of
00:38:25.340 history, I don't need to tell anyone to buy gold, right? They just need to understand the issues.
00:38:30.780 And I think ultimately they'll lead themselves there. So contact us. It's birksgold.com
00:38:36.380 forward slash Bannon, get the information, read it. If you need anything from there, we're here,
00:38:42.700 call us. You'll have people like myself that are there to guide you through, explain everything,
00:38:48.180 but you have to get reading. It has never been more important than it is today ever. So birksgold.com
00:38:55.420 forward slash Bannon, and just immerse yourself in the information because if you do, and if you can
00:39:01.220 understand it, the solutions will present themselves.
00:39:06.780 You know, we just had Ross Ibbotson, the editor, the U.S. editor for Daily Mail, and you could tell
00:39:11.320 a pretty button-up guy's hair is not on fire. When they're reporting that the Trump administration
00:39:16.620 is on the Hill to kind of make sure they're ahead of any kind of claim of the War Powers Act,
00:39:22.220 but they're saying, we are in a kinetic war with the cartels, and we're going to ramp it up.
00:39:28.100 That tells you that geopolitically, we live in an age of uncertainty. Now, President Trump's
00:39:33.720 mindset is, I'm going to take care of this now. I'm not going to wait. We're not kicking the can
00:39:38.640 down the road. People have BSed us enough. The only thing they understand is force,
00:39:42.520 and I'm going to deliver it. But I will tell you, the geopolitical risk, when you look at the risk
00:39:47.620 calculation, increases every day. As President Trump tries to change the global commercial
00:39:53.220 relationships, right, and also geopolitically, right, these kinetic wars on the Eurasian landmass,
00:39:59.980 now you've got them here in the Western Hemisphere. Folks, you know, we don't know how this is going to
00:40:05.840 turn out. President Trump, I think, has a very well-thought-through plan, as we try to reiterate
00:40:09.820 every day, but the law of unintended consequences. That's why the geopolitical risk, Philip, on top of
00:40:16.560 what's happening in the world's capital markets and financial markets about the attraction to gold,
00:40:21.260 part of that is not just the weaponization of the U.S. dollar, right, of which, by the way, I've been
00:40:26.760 an advocate of, if done smartly, right, but I think some of the nations of the world are saying, hey,
00:40:31.340 we want to be out of the American sphere. We don't trust MAGA. We don't trust Trump. We just don't
00:40:35.420 trust the Americans overall. The other is this situation now with the cartels. When President Trump
00:40:40.140 goes to Capitol Hill and makes a detailed presentation and basically tells them, we're at war,
00:40:45.060 we're at kinetic war, we're not going to tone it down, we're actually going to ramp it up,
00:40:49.160 that's when I think people got to sit there and go, okay, maybe I'm looking for a hedge for times
00:40:54.940 of financial turbulence for a while, because it's not going to get less turbulent. You saw that in
00:41:00.040 Portland last night. You've seen this in the presentation we covered live in Memphis, Tennessee.
00:41:05.040 You heard today about this talk in Chicago, and now we know on Capitol Hill, they're going to war
00:41:09.940 with the cartels, or according to the Trump administration, we're at war already with the cartels.
00:41:15.320 Philip Patrick, leave you on geopolitical risk. Thank you for being with us. Where do people go one
00:41:20.400 more time to get you, sir? Really simple, birchgold.com forward slash Bannon. Again,
00:41:26.320 birchgold.com forward slash Bannon, or they can reach me at Philip Patrick on Getter.
00:41:31.760 Thank you, sir. I appreciate you. Thank you, Steve. Great sponsors. Allowed us to do,
00:41:39.980 they're such great guys, allowed us to do the entire Charlie Kirk, 10 or 11 hours without
00:41:45.060 commercial interruption. I don't know if we can talk about it yet. I'm looking at my producer.
00:41:49.080 I'll find out during the break. If everything comes together, we're going to have a very
00:41:54.900 special, we're going to have a very special war room presentation with Real America's Voice
00:41:59.580 for, I think, our third Sunday in a row. I guess we skipped the Sunday. We had the memorial service
00:42:06.820 at the prayer vigil at the Kennedy Center for Charlie Kirk. Then the following week, we had the amazing
00:42:11.640 memorial service this Sunday from 10 a.m. Eastern Daylight Time to 5 p.m. I'll be hosting a special
00:42:20.300 on Real America's Voice here for those seven hours, dealing with the 250th, essentially,
00:42:26.040 anniversary of the birth of the United States Navy. President Trump is going to actually go
00:42:31.120 participate, I think, in some naval exercises off the coast of Virginia. And I can tell you,
00:42:36.620 I think they're going to be amazing. So we've got Jack Posobiec is going to be involved in this.
00:42:41.460 We've got the entire Real America's Voice team. Of course, the war room. I'm going to have all
00:42:47.840 folks from the Navy, national security experts. You do not want to miss this. From 10 a.m.,
00:42:53.080 starting at 10 a.m. Eastern Daylight Time Sunday, not our Saturday show. Our Saturday show will go on
00:42:58.340 as is, all the way to 5 p.m. The President of the United States is going to go to Norfolk, Virginia,
00:43:03.200 my hometown, I guess where I was born. I guess my hometown is Richmond, where I was born,
00:43:08.280 right near the naval base in Norfolk, in beautiful Ocean View, Virginia. President Trump's going to
00:43:15.480 go there. He's going to go out to the fleet. He's going to spend the day, early part of the day,
00:43:19.080 afternoon with the fleet and fleet operations. Then he's going to come back and address a crowd
00:43:24.760 and talk about the United States Navy and his 250th birthday. We're going to be here live for the
00:43:29.700 entire thing. 10 a.m. to 5 p.m. on Sunday. Be here with us. What if he had the brightest mind
00:43:37.360 in the war room delivering critical financial research every month? Steve Bannon here. War
00:43:43.220 room listeners know Jim Rickards. I love this guy. He's our wise man, a former CIA, Pentagon,
00:43:48.820 and White House advisor with an unmatched grasp of geopolitics and capital markets. Jim predicted
00:43:54.440 Trump's electoral college victory exactly 312 to 226, down to the actual number itself.
00:44:03.320 Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency
00:44:08.660 in your financial future. His latest book, Money GPT, exposes how AI is setting the stage for financial
00:44:15.980 chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.
00:44:22.300 Right now, war room members get a free copy of Money GPT when they sign up for strategic
00:44:28.020 intelligence. This is Jim's flagship financial newsletter, strategic intelligence. I read it.
00:44:34.980 You should read it. Time is running out. Go to RickardsWarRoom.com. That's all one word,
00:44:39.680 Rickards War Room, Rickards with an S. Go now and claim your free book. That's RickardsWarRoom.com.
00:44:46.520 Do it today.
00:44:48.240 War Room. Here's your host, Stephen K. Vance.
00:44:52.020 I also want to go back and talk about President Trump and what he's taken on. I mean, it's seven
00:45:02.380 days a week. Charlie Kirk flies out, does a great speech. He sits there and watches everybody,
00:45:09.060 watches the event, was there for at least half of the event, flies back, don't get back to the
00:45:13.580 middle of the night. Next day, hitting it. Next day, I think they had the Bobby Kennedy,
00:45:18.020 the situation. Just every day, it's the scale of it, the urgency of it, and the scope of it is
00:45:22.920 unprecedented. Even journalists I know that are not fans of his are saying there's never been a
00:45:30.300 presidency like this in nine months, ever. This is more intense than FDRs, much more intense,
00:45:35.820 not just because of social media. What he's doing is so monumental. Is all of it perfect? No. Do you
00:45:43.020 love all of it? No. But the 90% that you love is just, it's unprecedented. Now, this naval exercise,
00:45:51.080 this is another thing, all day Sunday. He never takes a day off. Remember, he doesn't drink. He's
00:45:57.140 never done drugs. He basically works. This is one of the things I was most impressed when I first got
00:46:05.140 to really know him and work side by side or work for him. It is one of the most intense work
00:46:11.040 experiences you should ever see. He is always on. And these aren't small problems. Remember,
00:46:15.760 any tiny problem, any solve a problem, it doesn't get to the Oval Office.
00:46:20.140 What he's doing now is Herculean. It's every major, massive issue in this country
00:46:26.840 and in the world. Changing the world order, he is. The post-war international rules-based order
00:46:33.420 will never revert back to the globalization. Are the globalists still going to fight us? Are they
00:46:38.740 still going to fight us? Yes, yes, yes, yes, yes. It's never, it ain't over until it's over.
00:46:45.400 But what he's doing, then when they came to us the other day and posted it, it's going to,
00:46:48.680 and I said Sunday, and I love it. It's so great. It's such a way to honor the Navy.
00:46:53.420 And they're doing it a little short of the 250th anniversary, but it's just so amazing. And this is
00:46:58.460 the way he thinks. He wants to do something special. He wants to honor the Navy and the traditions and
00:47:03.100 customs of the Navy. And as you know, the Navy and the Marine Corps are so custom and tradition
00:47:09.120 because it came kind of from, we were sprung from the Royal Navy, people that had, you know,
00:47:14.740 been associated with it. And the customs and traditions there and the Royal Marines the same
00:47:20.040 way. That's why the United States Marine Corps and the United States Navy are the way they are.
00:47:24.160 And for him to take an entire day and no rest, and this is going to be incredible. And he's in
00:47:31.420 the middle of it. And I think that his enemies sit there and criticize him, but they're overwhelmed by
00:47:37.660 it. One of the reasons they can't stop it, it's a force of nature. It's a force of nature.
00:47:43.980 I'm telling you, like General Washington and Lincoln, and I say this not as a Trump guy and work
00:47:49.940 for Trump and a MAGA guy. It's not that. It's the cold observance of history. He's the third in line
00:47:58.620 of the great world historical figures we had. And people say, you've got to include FDR in that.
00:48:03.200 I don't. Those three are at a different level. General Washington at the birth of the nation,
00:48:11.220 Abraham Lincoln at the rebirth of the nation, and President Trump at the rejuvenation
00:48:15.180 of this country, in the salvation of this country, of what we had, a constitutional republic,
00:48:21.000 based upon the values of the Judeo-Christian West and really an American civilization.
00:48:29.180 That's what he's fighting for. And he's leaving it all in the field, all of it. I've never seen
00:48:35.040 anything like it. If you look at the pressure, you look at the intensity, you look at these issues.
00:48:39.200 I mean, on an off day, he's negotiating. On an off day for him, he's negotiating the government
00:48:44.100 shutdown with clowns like Hakeem Jeffries and Schumer. I mean, come on. It's a clown show.
00:48:51.620 Unbelievable. So all day, 10 a.m. to 5 p.m. on Sunday, and it will be so special. You're going
00:48:56.600 to want to see it. Of course, we're going to tee it up on Saturday. The Saturday show will be Jack
00:49:00.820 Posobiec will be with the president, and I'll be anchoring the broadcast, and we're going to have
00:49:06.880 tons of gas. You're not going to want to miss it. Plus, I think you're going to see some guns,
00:49:13.660 some missiles, some jets. I think we're going to have some activity. President Trump's going to
00:49:19.240 basically do Teddy Roosevelt. Go review the fleet, and it's just incredible. I couldn't be prouder.
00:49:24.940 Mike Lindell. Brother, people are so impressed when they sit there and go, Mike, if you could grovel
00:49:31.060 and go to systematic and say, hey, I didn't mean it. I was just kidding. And they would say, fine,
00:49:35.520 no harm, no foul. Let's move on. You're not going to do that, are you, sir?
00:49:41.540 Under these voting machine companies and this law fair that's been weaponized against
00:49:46.000 my pillow and myself more than anyone out there other than our great president. By the way,
00:49:51.740 Steve, with our president, I tell him all the time, everyone loves our president. Some just don't know
00:49:57.780 it yet. And I will tell you this, our president, he might not sleep much, but when he does, it's
00:50:03.300 quality. He loves the MyPillows, and he loves the MyPillow sheets. And I'll tell you, the quality
00:50:09.500 sleep is where it's at. And you can all get that with MyPillow. You guys, we have the specials for
00:50:15.020 the War Room Posse. So many of these are exclusive. And we have our three-in-one sale. You guys get
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00:52:03.960 we'll see you tomorrow morning at 10 o'clock in the 10 o'clock hour. Or maybe the 11 o'clock hour.
00:52:08.360 Stick around. Peter McIlvaney from Hearts of Oak and our own Ben Harnwell from Rome are going to join us.
00:52:16.700 England, the mother country of the United States, slides to civil war. Is it inevitable? What can be
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00:52:30.400 split off from it? 250 years ago. Next in the world.
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