Episode 5514: The Strait Is Open But It Will Cost You; Shutting Down Leaks From The WH
Episode Stats
Harmful content
Misogyny
5
sentences flagged
Toxicity
23
sentences flagged
Hate speech
32
sentences flagged
Summary
On today's show, we discuss the latest in the Trump administration's anti-American policies, including the Iran sanctions and the proposed 20% fee on all commercial shipping through the U.S. Treasury Department. We also discuss the new Iran sanctions, and the potential impact on our ability to trade and trade with other countries.
Transcript
00:00:00.000
Now, as learned, Donald Trump's primetime address this Thursday will focus on claims in newly
00:00:05.660
declassified intelligence reports that there was planned foreign interference in the 2020 election.
00:00:13.540
Here we go again, folks. It's set to be the latest instance of Trump using the power of the Oval
00:00:19.500
Office to promote his election lies and set the stage to potentially call future elections into
00:00:25.800
question loan, though, like the ones coming up in November. MSNOW also reports that two FBI agents
00:00:31.620
were fired last week for refusing to participate in the Trump administration's investigations
00:00:36.540
of Georgia's 2020 presidential election. It bears repeating that there has been none, zero, nada,
00:00:46.020
nothing, none, again, no credible evidence whatsoever of widespread voter fraud during
00:00:53.100
the 2020 presidential election, period, full stop. We apparently are going to suffer through
00:00:59.280
once again, Trump trying to get people exercised over the fact that he lost to the 2020 election,
00:01:05.460
which he lost. The president is apparently planning some kind of primetime speech on Thursday
00:01:11.180
to talk again about how wrong it is, what a scandal it is that he lost the 2020 election.
00:01:18.300
his desperation ramping up on this subject right in recent days his effort to subpoena
00:01:27.480
information about election workers in Fulton County Georgia in 2020 was thrown out in court
00:01:33.460
he's he's he's now taken hundreds of FBI personnel and taken them off whatever else
00:01:39.600
they were working on to assign them instead to work in Fulton County Georgia on something
00:01:46.480
We don't know what exactly that something is, but it's apparently required them to push out the special agent in charge at the FBI field office in Atlanta.
00:01:53.720
And now at least two FBI intelligence analysts who refused to be part of these reindeer games and had to be fired so that they could go forward.
00:02:03.360
Trump's DOJ within the past week has now threatened in writing to jail all the senior elected election officials in all the states.
00:02:10.500
on top of all that he's now fired everyone on the federal election assistance commission
00:02:17.020
which helps states with election security and certifies voting machines we are closer to
00:02:24.240
forever war than we are to a ceasefire and i take no joy in saying that i have felt for a long time
00:02:31.340
ultimately the two parties here would get to a negotiated conclusion but uh certainly the
00:02:38.240
ceasefire is frayed, if not completely off the charts. And Kate, you pointed out the most
00:02:46.060
important thing the administration is doing is this 1,000-mile blockade of the Iranian coast.
00:02:54.340
That's about California, Oregon kind of length. A lot of ports, very expensive to do that. But if
00:03:02.000
anything is going to get the attention of the Iranians, it'll be closing down those red ports
1.00
00:03:07.320
that you're showing right there. But final thought here, that takes time. You can't just
0.94
00:03:12.860
open and close that gate overnight. So unfortunately, we're probably in for a
00:03:18.880
period of turbulence here. These are not like pie in the sky scenarios. He's literally talking about
00:03:24.220
this. He's literally talking about doing these types of things. So when you say like, well,
00:03:29.640
I don't understand if you could do something that crazy. The answer is yes. Right. And I just want
00:03:35.660
say, you know, I don't live in Maine. I'm not an immigrant, but I'm a proud American. And this
00:03:42.000
administration has made every single American complicit in these deaths. This is happening
00:03:47.900
with our taxpayer dollars that could be going to schools, to health care. Because of what Susan
00:03:55.180
Maine and Republicans are doing. And they've sat back and let this happen. But the other thing
00:04:00.140
here is the hardliners in this administration, they don't care about the politics because
0.96
00:04:05.500
many of them are white supremacists and they don't care. They're cruel. And this is what they want.
1.00
00:04:10.720
This is the same administration that removed protections for Haitians, for Syrians. At the
00:04:16.140
same time, it's allowing more Afrikaners only, white South Africans only in. So this is all one
1.00
00:04:23.940
of a piece. And when we ask ourselves, why is this administration doing something that is so
00:04:28.120
obviously bad politics in addition to cruel and un-American. I think we need to really look
00:04:35.800
carefully at all the anti-democratic behavior from this White House, because this is not a
00:04:40.140
popular policy. So why would someone pursue a popular policy? Then you've got the president's
00:04:45.500
declaration that he wants to charge a 20 percent fee on all commercial shipping moving through the
00:04:49.800
straight. I mean, this is a direct contradiction of the long stated position of the United States
00:04:54.020
and the recent stated position of this United States Secretary of State
00:05:05.840
I think as an overall global reaction to this is going to be extremely negative.
00:05:13.840
And in particular, because as you say, there's long-term history here.
00:05:19.000
the U.S. Navy has built its reputation over two and a half centuries on preserving freedom of the
00:05:27.520
high seas. And as recently as two days ago, Secretary of State Marco Rubio, who knows his
00:05:34.220
international law, very clearly said any kind of a toll on a strait like that is not how we would
00:05:42.660
do business. It is not legal under international law. So I am scratching my head to understand
00:05:50.220
how you would even collect this. The level of that toll, it sounds somewhat benign, 20%,
00:05:58.140
I suppose, but that it would double the cost of shipping because the shipping is a significant
00:06:06.260
component. Now you're going to add another 20%, not based on the shipping cost, but based on the
00:06:12.420
total cost of the multi-billion dollar ship. So I see no way realistically this is going to be
00:06:19.500
implemented in the immediate moment. I think they are doing the bidding of Donald Trump
00:06:27.000
to reinforce the message that the 2026 midterm elections are fraudulent, that somehow
00:06:38.300
there that these elections are illegitimate and he needs to put forth whether it's ICE
00:06:46.720
or some of the other resources at his disposal to interfere with them. That's why even when
00:06:53.280
something like a housing bill comes up, they somehow bring it back to election interference
00:06:58.300
and the SAVE Act. You can't connect the two for any other reason. That bill is dead on arrival
00:07:10.840
that I would think that this is continuing to happen.
0.94
00:07:14.760
to gently roast someone for yapping too much.
0.97
00:07:17.700
He's the one who toasted his friend on Meet the Press,
00:07:24.960
Trump was everywhere remembering Lindsey Graham,
00:07:27.180
even when the host of the show appeared to not want him to.
00:07:34.700
He's known as Trump derangement syndrome, and he was seeing that.
00:07:41.020
He was really come a long way in terminating the filibuster.
00:07:44.100
Mr. President, did you notice anything different?
00:07:52.020
They let it be known an hour later that Steve Wilson had to be able to be paid his players.
00:07:58.860
Did you notice anything different from Lindsey on the phone?
00:08:04.700
i'm sorry mr president the tv station's going through a tunnel
00:08:13.040
but of course even his best friend donald trump had to concede that senator graham's career did
00:08:21.800
have a bad moment now he had one bad moment and that was you know the january 6th thing when he
00:08:26.460
stood up all right now i've had it that's it i can't do it anymore so i give him a 99 instead
00:08:32.960
of a 100 you know most people a lot of people were at 100 but he did have that one little moment
00:08:42.080
my favorite part of any eulogy is when they announce the person's life score
00:08:55.600
they're doing a eulogy like it's portnoy doing a pizza review
00:08:58.720
yeah graham had a good undercarriage good mouth feel yeah yeah what i'm doing a score a life
00:09:05.940
score i'm doing a life score over here anyway eight two i'm gonna give him an eight two solid
00:09:10.640
score eight if he had let the people kill him on january 6th nine two monster score i'd give him a
00:09:17.400
monster score this is our june release of the consumer price index expecting a headline number
00:09:24.220
to be negative, negative one-tenth of a percent. This is four times more negative, minus four-tenths
00:09:30.500
of a percent. That would be the biggest negative drop that we've seen since 420, since basically
00:09:38.320
COVID timing, which really affected, of course, all of the inflation data points. So that goes
00:09:44.500
back to basically six-year low. And if we look at the CPI month over month on the core, also
00:09:51.800
under expectations comes in at goose egg zero zero will be the smallest amount it would equal
00:09:58.280
jan of 21 to find a smaller change or a more negative change or minus one tenth of a percent
00:10:04.260
that's may of 2020 and if we look at the year over year numbers year over year headline 3.5
00:10:11.120
three tenths less than expected much less than the 4.2 in the rearview mirror that would be the
00:10:16.780
lightest since march of this year when it was 3.3 year over year core 2.6 two-tenths less than
00:10:24.780
expectations three-tenths less than the rearview mirror 2.6 equals march 2.5 brings you to february
00:10:32.220
of this year this is the primal scream of a dying regime pray for our enemies because we're going
00:10:49.060
the people. The people have had a belly full of it.
00:10:53.080
I know you try to do everything in the world to stop that, but you're not
00:11:10.320
If that answer is to save my country, this country will be saved.
00:11:24.860
Tuesday, 14 July, Year of Our Lord, 2026, 2026.
00:11:31.360
You saw MSNBC, they're saying it's no big deal.
00:11:34.820
It's just rehash of previous issues dealing with the 2020 election.
00:11:41.600
This is where you're going to expose the deep state and the intelligence community of what they knew and when they knew it, the lies they've been perpetuating.
00:11:52.900
They're the comms department for the deep state.
00:11:59.880
Look at the invasion that we have in the nation.
00:12:03.380
20 million illegal aliens in a very organized way that came in on Biden's watch.
00:12:09.600
Uh, the mass deportation coalition in Washington on Thursday is going to have their first kickoff conference. I think it's state directors are showing up to get coordinated for this fall because mass deportations is still, I think the principal reason border security in mass deportations are the principal reason people voted for president Trump, including African Americans and hardworking Hispanics.
00:12:34.340
Of course, it appears that we've stopped that because of, I think, polling that's totally inaccurate, still the number one issue among people to get out low propensity voters, lower information voters, is mass deportations.
00:12:50.180
We have to address, we're going to have bowling on here.
00:12:52.300
We're going to talk about inflation coming down, some of the drop in oil prices.
0.98
00:12:55.320
Of course, they're blown up again overnight as we hammered again with a major escalation and really a major strike on the Persians.
0.92
00:13:06.340
Of course, they're hitting back, actually hit us, I think, with a drone from a submarine, a mini submarine.
0.70
00:13:13.540
So they're not giving as good as they're getting because they're getting pounded.
00:13:18.060
But the president, I don't know if the clips are getting to him and for more about who's going to pay for this.
00:13:24.480
But he's put a 20% kind of spiff on the hurt staff readers right there.
00:13:34.560
We believe in the free navigation of the oceans, absolutely.
00:13:37.960
But to ensure that, who's going to pay for this?
0.59
00:13:42.540
They're not sending any assets down, no naval assets.
00:13:46.380
The president said, hey, I've reinstalled, I've put back in the naval blockade.
0.68
00:13:53.020
He says now just of Iranian ships, that's fine.
0.81
00:13:55.620
That means no Chinese Communist Party oil, at least from the Iranians.
00:14:00.040
Of course, our great allies, the Saudis, sell it to them all the time.
00:14:12.840
President Trump has reiterated that we control the Strait of Hormuz and it's open for business,
00:14:17.680
but it's going to cost you a 20% carry interest.
00:14:30.160
Eric Bolling says you've got to count the massive cargo ships.
00:14:36.880
because we can't send an $88 billion, $100 billion bill up to the Hill
00:14:41.300
and just say, hey, can you just go tell Scott Vesson,
00:14:43.600
print some more money, sell some more treasuries.
00:14:59.200
For the first time since World War II, our national debt held by the public has exceeded GDP.
00:15:09.120
Our sins of the past, reckless government spending have finally caught up to us.
00:15:15.500
Higher inflation, higher prices, higher cost of living expenses, and higher interest payments on the national debt.
00:15:23.020
Every dollar Washington spends on interest is a dollar it has to tax, borrow, or print.
00:15:30.040
Smart retirement planners prepare for potential setbacks, and they can do that by diversifying with a time-tested asset known for weathering the storm.
00:15:42.020
Now, physical gold you can get from my trusted friends at Birch Gold Group.
00:15:45.860
Text the word Bannon, B-A-N-N-O-N, to the number 989898,
00:15:50.840
and Birch Gold will send you a free info kit on converting an existing IRA or 401K
00:16:01.500
You don't pull the ripcord on your parachute once you've already hit the ground.
00:16:06.020
Don't wait for economic turbulence to diversify.
00:16:25.640
Okay, Rickard, a couple of specials are still on, and I want to make sure we get to those.
00:16:30.940
Jim Rickards is still going to continue his 4th of July in honor of the 250th anniversary.
00:16:45.740
Strategic intelligence, you get it for a whole quarter, 90 days,
00:16:52.960
And if you don't love it, you tell Jim I don't love it,
00:16:56.160
I don't want to renew, you get your $17.76 back.
00:17:02.980
Strategic intelligence based upon predictive analytics.
00:17:07.620
Make yourself smart or smarter, maybe smartest.
00:17:12.840
Also, we're going to talk about deficits the rest of this week.
00:17:19.660
I've got the string of deficits for, I don't know, the last 20 years or so.
00:17:25.360
We said the deficit this year is going to be about $2 trillion.
00:17:31.500
For the first nine months, I think it's going to go to $2 trillion, but who knows?
00:17:36.140
at least one eight we got to refinance that or first we got to finance it then we got to refinance
00:17:42.180
it it's uh the reason that the dollar is under pressure from the bricks nations other people
00:17:48.460
don't want these rolling devaluations um but tax network scott's best sense under the gun to get
00:17:56.120
all the money the irs believes it's owed you may have a different opinion
00:18:01.820
text network usa 866-513-5516 go there right now they will give you a free discovery call
00:18:08.960
you to go through your uh all your documentation and they will tell you what you really owe the
00:18:16.220
bid and the ask make sure you take care of that day another special for the war room posse so
00:18:22.580
check it out feedback's been tremendous eric bowling talking about deficits uh rick santelli
00:18:30.700
All right. Rick Santel, I know a buddy, a guy you admire, as I do, too.
00:18:35.580
Just talk to us about the inflation number. Talk to us about this print, sir.
00:18:42.720
This is great news. It's a fantastic, you call it right, Steve, a print.
00:18:47.720
I would say 85%, 90% of the downdraft in the inflation number, consumer price index.
00:18:54.260
So to the consumer, it's a general number, is in the energy numbers.
00:19:01.240
So a month ago, we were trading $110 a barrel, $105 a barrel.
00:19:05.400
We got very quickly from $105 down to under $70,
00:19:08.880
and within a few days, in fact, when declared peace was happening.
00:19:13.860
And it stayed down to $65, $75 for most of the month
00:19:17.220
and only recently has it jumped back up over $80 a barrel,
00:19:30.720
Of course, energy is such a huge component in the consumer price.
00:19:35.800
Either we put it in our cars, it's being trucked for the goods
00:19:46.540
But again, immediately, $70 barrel became an $80 barrel very quickly
00:19:57.040
The Strait of Hormuz, the good news is if he does take the 20 percent, 20 percent is a big number.
0.99
00:20:01.700
I think they're probably going to rethink that after a while because that number could approach.
0.59
00:20:06.340
Whoa, whoa, whoa, whoa, whoa, whoa, whoa, stop.
00:20:10.660
These numbers, these numbers don't pay for us to be over there.
00:20:15.600
Because a lot of what goes through that straight, I would say 70, 80 percent, 75 percent of what goes through the straight is petroleum.
00:20:22.900
23 percent of the world's petroleum passes through the Strait of Hormuz.
00:20:26.360
That means there's a 20% tax, 20% tariff put on all global oil.
00:20:37.320
And your point would be, sir, is any of that oil American?
00:20:45.800
A guy named Eric Bolling taught us, the war room, that none of that oil is going to the United States of America.
00:20:53.840
And none of that oil is owned by the United States of America.
00:20:56.020
president trump's got iraq coming up today he always talks about if he was running the deal
00:21:00.340
first of all he would never gone in but he would seize the oil to pay for it this is essentially
00:21:05.000
kind of not seizing the oil but taking a vigorous right taking a vigorous to get paid why do we
00:21:11.100
care if the chinese communist party is paying 20 more for their oil why do we care if uh if the
00:21:16.640
french and the british and the italians why do we care they've been they've been free load they've
00:21:21.820
Well, you're just sitting there saying it's too much, sir.
00:21:27.120
Allow me, because when you put a 20% tax on 23% of the global oil market, eventually they realize it's too expensive to ship oil through the straightforward moves, and they did what they did the last time.
00:21:39.580
People are saying, bowling, if none of this oil is ours, how come oil prices are $100 a barrel?
00:21:44.320
Well, because we have a free market system in America.
00:21:48.820
It's grown to make us the strongest, most profitable, strongest military, greatest economy on the planet.
00:21:54.500
But it means you can sell as a private entity, sell your product to whomever you want.
00:21:59.840
So there were oil companies here who were selling overseas.
00:22:03.560
They were selling it into the people who were paying a higher price in the Middle East.
00:22:07.740
Therefore, the barrels here became higher priced as well.
00:22:11.160
Maybe not the full amount that they were feeling through that straight-to-form was oil, but we were seeing higher.
00:22:23.880
I realized part of it's about refinery capacity.
00:22:27.740
Okay, that's what you guys always put in our face.
00:22:29.800
But, hey, I'm all for limiting what gets exported here
00:22:33.200
until everybody in the United States has got cheap oil.
00:22:46.160
I mean, I don't, listen, I'm against putting limitations on what we can say.
0.95
00:22:52.740
Are all you traitors, hang on, I thought you traitors,
00:22:56.320
I thought this was the last bastion of Atlas Shrugged.
0.96
00:23:04.060
All you guys do is bitch, moan, and whine.
1.00
00:23:06.460
Now President Trump's come up with a solution.
1.00
00:23:10.640
He's going to put, he's going to just take a spiff,
00:23:13.420
maybe a little more than a spiff on top of all cargo you're the one that reminds me this morning
00:23:18.960
you go hey guys are miscalculating this i go how are they miscalculating it they go they're only
00:23:23.740
including the very large crude carriers they're not including these massive and if you've seen
00:23:28.100
them coming out of the gulf they're the biggest the biggest container ships you'll ever see
00:23:32.100
in your entire life coming in and out um he's going to put the 20 on that too correct
00:23:37.320
on all of it on all goods and maybe they do earmark just uh oil because it's certainly easy
00:23:43.080
to recognize an oil tanker because they're different ships.
00:23:46.600
They sit very low into the water, right off the top of the water,
00:23:49.700
because, you know, there's not 2 million actual metal barrels on a ship.
00:23:53.020
Those are big containers filled with the equivalent of 2 million barrels,
00:23:57.500
by the way, 42-gallon barrels in oil, not a 55-barrel drum like you see on the street.
00:24:07.280
Can you imagine if, you know, the worm has a massive following,
00:24:10.260
so you put all this data out, and they charge you for the amount of data
00:24:12.760
you put out, they say, oh, by the way, Comcast, whoever the hell is running your data, says,
00:24:17.840
oh, we're just going to throw a little spiff of 20% increase on the price of your data.
00:24:21.480
You'd go apoplectic, because you would have to turn around and charge advertisers more
00:24:25.940
to put into advertising to make War Room profitable.
00:24:31.600
I'll tell you right now, oil companies are not.
00:24:33.980
They have very, very thin margins, but they sell massive amounts of oil.
00:24:38.040
So to amp up 20% to 23% of the global oil market absolutely will affect the oil price here, and it will, in fact, affect inflation here.
00:24:49.440
But I'm to the point now, Steve, where America doesn't seem to care a lot about a $4 gallon of gasoline.
00:24:59.560
I tell you what, if this were Joe Biden or a Democrat or Kamala Harris in the office, we'd be paying $8 a gallon for oil.
00:25:06.520
and we'd be begging Iran to sell us more or do something to take the throat off the American economy.
00:25:12.700
So given what we got, as we said last night on my show, I kind of like this idea.
0.88
00:25:18.880
It's not very free market, but this is one that maybe we want to do
00:25:24.020
because to pay us back for whatever, I guess, political gains we're going to get out of this.
00:25:32.360
We know the world's not a set of free markets, a set of mercantilist policies.
00:25:39.280
Do you agree with the statement that oil is a strategic asset?
00:25:47.060
It's like the human body is our economy or our country.
00:25:51.880
When are we going to start using it strategically?
00:25:58.500
as long as we have those carrier battle groups out there,
00:26:02.780
young men and women going and taking Karg Island,
00:26:04.720
As long as we're doing combat sorties over Persia, that somebody's got to pay for this.
00:26:11.080
And, hey, people should understand, nobody's stepping up, right, in the Persian Gulf.
00:26:16.840
The Italians, they went to NATO, and they blew us off.
0.97
00:26:19.000
There's no more naval resources or assets coming down there.
0.78
00:26:25.020
The Gulf Emirates, you know, every now and again, UAE gets their publicist department to leak about how they're spending the special forces in, and they're doing all this stuff.
00:26:33.460
that Saudis, UAE, and Qatar are once again drafting off us.
00:26:39.200
And they're getting hammered, but they're drafting off us.
00:26:43.560
A long time ago, we said that we have no allies.
0.97
00:26:49.020
But you hit on something that we developed right here on the war room, Steve.
0.99
00:26:52.960
I came out, I said, I think I've figured this out, what we need to do.
00:26:57.760
but Saudi Arabia is known as the global swing producer for oil.
00:27:03.180
They're the biggest producer, well, we are now,
00:27:04.680
but they were the biggest producer in the Middle East,
00:27:06.480
and they would pull oil off the market or put it on the market
00:27:08.880
depending on where they wanted the price for oil,
00:27:14.840
but we have to first establish ourselves as the swing producer.
00:27:18.100
We need to be able to produce more oil than we're producing now
00:27:21.220
and also produce enough so that we take care of our U.S. needs,
00:27:25.920
but also sell 30 40 percent of the world oil become that big of a producer that the whole
00:27:32.180
world will go to the United States and say hey what's our price for oil today can you imagine
00:27:36.180
the power Steve K Bannon a Stephen Bannon president with the power to dictate the price
00:27:40.960
for global oil who's getting hurt who's not let's worry about giving that power to let's
00:27:45.440
worry about giving that power to President Trump somebody's got the power hang on for one second
00:27:49.080
we're gonna talk about that because now you're talking about something fascinating geopolitically
00:27:54.300
is all really a strategic asset and how does the United States use it to its advantage instead of
00:28:00.160
underwriting a massive military deployment to the Middle East, a place that we want to extract
00:28:06.420
ourselves from. I think putting a 20% toll, I shouldn't call it a toll, service fee will get
00:28:14.100
enough people's attention over there to say, hey, maybe I ought to wind this thing down and have the
0.99
00:28:17.960
Americans out of here. Short break. Everyone's focused on how the conflict in the Middle East
0.98
00:28:22.220
is raising oil prices, but there's another grim reality to this contention. Oil isn't the only
00:28:29.040
resource being constrained. About one-third of global fertilizer trade happens through this
00:28:34.360
region. And with spring planting season on top of us, American farmers are sounding the alarm,
00:28:40.100
with some saying they can't afford to plant their fields. When one piece of the supply chain gets
00:28:45.440
hit this hard, you know what comes next. Higher fruit prices, reduced availability, maybe even
00:28:51.820
panic buying. That's why having an emergency food supply at home makes so much sense. And that's
00:28:58.220
where our friends at MyPatriotSupply come in right now at preparewithbannon.com. That is
00:29:05.180
preparewithbannon.com. We've set up an entire just site for the war room posse. You go to
00:29:11.320
preparewithbannon.com. That's all one word, preparewithbannon.com. You get a three-month
00:29:18.320
emergency food supply. They'll include a free mega protein upgrade, an incredible $200 bonus
00:29:25.320
you don't want to miss. It's a simple way to protect your family from whatever comes next.
00:29:32.720
Go to preparewithbannon.com. That is preparewithbannon.com to get your emergency food
00:29:38.180
supply today. That's preparewithbannon.com. Do it today. Go check it out.
00:29:48.320
so eric then how do we shift this and have it strategically you know president trump had a
00:29:55.240
plan uh the first administration somewhat in the second but full spectrum energy dominance
00:30:00.220
was going to be the underpinning of all his economic policy and we saw in 2019
00:30:04.820
the magnificence results of that how do we turn oil from something we're have we're have we're
00:30:11.280
right now in a situation we're defending the world's oil market not getting any benefit
00:30:18.180
from that and paying out enormous amounts of money.
00:30:24.040
This is why Birch Gold, End of the Dollar Empire.
00:30:26.260
Go to Birch Gold right now and find out about how the dollar underpins the entire world
00:30:34.020
Birchgold.com slash band and End of the Dollar Empire.
00:30:39.540
So when I put that list up of the deficits, you've seen the deficits, Eric, were 1.9,
00:30:46.740
excuse me let me get the number right 1.4 trillion dollars in a deficit just this fiscal year
00:30:52.460
we're going to go to one eight to two trillion that's all got to be financed we are folks write
00:30:59.060
this down number two principle we're going to have a cr the appropriations bills are not done
00:31:03.880
they're blocking uh the congress doesn't want to do any cuts they don't want to hear from russ vote
00:31:09.620
we've i think we did a rescission the other day of 10 billion dollars i'm not sure that's all the
00:31:15.040
way through. But why don't we turn what is a liability, and us being in the Middle East is
00:31:21.800
a massive liability for the United States of America. It's a sideshow, and the Israel situation
0.93
00:31:27.220
is a sideshow to a sideshow. In Israel, they get their own independence, and they want to go to
0.83
00:31:32.900
Beirut, go to Beirut. You want to go to Damascus, go there. You want to go to Tehran. It's all open
0.52
00:31:37.980
for you. Just do what you got to do, what you think is in your best interest. But how do we
00:31:43.260
turn oil to a truly strategic asset here in the United States? How do we become the swing producer?
00:31:51.320
And we're well on our way. So the United States right now produces about 14 million barrels
00:31:56.220
of oil equivalent a day. They lose natural gas and other forms of hydrocarbons. We're the top
00:32:02.780
producer in the world. Russia is about nine and a half or so. Saudi Arabia, about the same number.
00:32:08.480
And then there are others producing small amounts. So we are already the largest producer in the
00:32:12.940
world. If we were to just say, I don't know, become double the size of Saudi Arabia and or
00:32:18.720
Russia, or maybe the amount that Russia and Saudi Arabia produce together, we're only
00:32:21.980
four million barrels more per day away from that. We could easily do that. Right now,
00:32:26.620
we have a whole Alaskan North Slope. We used to produce 30% of our oil off the North Slope of
00:32:31.920
Alaska. We stopped doing that for environmental reasons. We have a massive natural gas bubble
00:32:40.620
There's a huge gas bubble that we're negotiating
00:32:50.720
There are ways we can easily produce 18 million.
00:32:53.320
If we've got the 20 million barrels of oil a day,
00:32:58.460
we just need the politicians to get a little bit more,
1.00
00:33:03.460
and tell the environmentalists to go screw off
1.00
00:33:06.160
because this is going to be a thing going forward,
0.62
00:33:22.120
look what happens every time we jump to $100 a barrel,
00:33:33.860
the question is, here's a tough question for me, a libertarian. Who dictates that price?
00:33:40.740
So someone is going to say, let's throw five more million barrels of oil a day on the market for a
00:33:45.640
month. Someone has to make that decision. Is it a government? And do you really trust the government
00:33:49.740
to make these decisions for the good of the country or the good of themselves? I'm not really
00:33:55.220
sure. That's another question. But we can certainly get to the point where whoever the commander in
00:34:00.480
chief is could decide if China was going to suck wind for a quarter or not and maybe negotiate
00:34:06.100
or or see if a country that wants a nuclear weapon is going to suck wind for a year or
00:34:12.100
negotiate their way out of getting a nuclear weapon the power of oil is incredible now that
00:34:16.720
we control Venezuela and I think we're guiding Guiana which I think is the biggest new potential
00:34:22.240
producer coming on you got the Gulf of America plus you got all the fracking you do because the
00:34:26.340
uh was a pmex um the mexican uh state authority took this all out very inefficiently so there's
00:34:33.520
all types of opportunities north slope pennsylvania i mean the the hemispheric defense
00:34:40.400
in the hemisphere in the gulf of america uh nations around the gulf of america north slope
00:34:47.580
you know north america all the way up to potentially our new state up in count in
00:34:52.880
canada right that alberta that wants that wants to come and join the united states or at least
00:34:57.500
they're talking about that because they're so tied to the state of texas historically um we're
00:35:03.120
an energy superpower what why are we messing around the middle east that's what we put the
00:35:08.020
20 on if you put the 20 on and enforce it the saudis uae europe they're going to come up with
00:35:13.460
a solution it's a forcing function it forces everybody to get their attention saying hey
00:35:17.880
we're not going to be here unless we get paid to be here because we're burning a hundred billion
00:35:22.180
dollars a quarter sir you're right you're a billion percent right you're spot on but first
00:35:27.200
you got to get the full energy independence yourself so you can't be oh we're doing 18 but
00:35:32.460
we're still using 20 you got to hit the 20 make sure you're okay that's capacity tell me tell me
00:35:37.620
about the refinery capacity limitations on the oil we actually produce how bad are they how bad is
00:35:44.720
that it's a massive problem but it's not because we don't have the technology it's not because we
1.00
00:35:49.840
don't have the land it's because we have a bunch of nimby jerks not in my backyard who are a loud
0.99
00:35:56.320
lobby they spend a lot of money and they make sure that people um get the idea that a refinery
1.00
00:36:01.480
five miles away may somehow poison your drinking water it won't but once we get through those
00:36:06.700
things we'll not only produce the oil but we'll also be able to produce the gasoline that's great
00:36:10.280
for the consumer but steve you want power get to full independence in your own oil situation
00:36:20.060
I'll drive the price up, I'll drive the price down
00:36:25.740
and then you've got five to throw on the market,
00:36:38.820
Eric, where do people go to get all your content?
00:36:43.320
In fact, hopefully we'll do a handoff today like we did yesterday,
00:36:47.020
if there's a bunch of breaking news, which I think there will be.
00:36:50.340
Where do people go to get all your content, including your new show on YouTube,
00:37:01.540
And I don't mean Pittsburgh Pirates, I mean pirate.
00:37:03.660
How is pirate bowling on YouTube and War Room still banned?
00:37:12.660
I got lit up yesterday because I asked Senator Johnson.
00:37:16.220
I didn't believe that Mitch McConnell picture was real.
00:37:18.980
He agreed with me a little bit, and it went everywhere.
00:37:24.240
Eric Bolling, E-R-I-C-B-O-L-L-I-N-G, everywhere.
00:37:26.940
We're right here at Real America's Voice with the great Stephen K.
00:37:31.700
Now that you brought it up, Johnson spoke the truth.
00:37:35.120
Didn't he say his staff had told him that was an old picture?
00:37:39.840
He said he was told earlier that that was an old picture.
00:37:43.920
But if you look at that picture, McConnell hasn't looked like that in five years.
00:37:50.780
Can you imagine if McConnell's staff put out an old picture and said this was him with no real proof of life other than a Washington Post sports section from the day?
00:38:00.980
I mean, that's easily – you can AI that thing.
00:38:03.260
I just thought, I thought, I thought the wife came back because the Chinese Communist Party wanted to take, you know, wanted to claim the body. Anyway, I'm being cruel there. But Eric Bowling, we'll see you this afternoon. Thank you, brother.
00:38:16.800
um can we play the two things came up on msnbc yesterday of course last night they
00:38:24.780
they carpet bombed us just hang on we'll call for a second number one nicole well if earlier
00:38:30.400
in the day i think it's david rhodes talks about he's one of these investigative reporters
00:38:34.460
he's laying us out because he's been briefed by the white house they put out a tweet that said
00:38:44.420
two senior officials from the white house briefed briefed him uh and they were they were given
00:38:50.800
anonymity so they could have a free discussion no conservatives had been had been briefed at that
00:38:57.520
time no sometimes they do these pre-briefings nobody this thing was highly classified the
00:39:02.620
reason that pulte is over dni and and and john solomon john solomon left his six o'clock show
00:39:10.700
here he's been following us you know for years he's he's doing double duty he's a special
00:39:16.420
government employee in charge of a declassification task force you're gonna hear a lot about this
00:39:21.880
task force um and then yesterday nicole wallace talks about exclusive you know exclusively on
00:39:29.780
msmec how does that work in what universe would you give and one of the reasons i wanted to play
00:39:37.400
some of the particularly the the dei hire at the new york times calling senior administration
00:39:46.460
officials white supremacist it's every day and she's the combo platter of and at new york times
00:39:53.680
plus she's on morning joe all the time why my point is that they are pure hatred you watch
0.98
00:40:00.680
Rachel Maddow is saying it's pure hatred about President Trump. It's pure hatred to the Trump
00:40:08.940
administration. It's pure hatred to the MAGA movement. It's pure hatred to the policies of
00:40:16.000
President Trump. There's no middle ground. They're the ones skipping around with Plattner. They're
00:40:22.040
the ones skipping around with ma'am donnie he's a folk here over there so why when you have this
00:40:31.020
briefing that deals with the most classified material about foreign interference in a
00:40:36.760
presidential election and it deals with the intelligence communities understanding of that
00:40:44.180
and suppression of that information because this is why we're doing it in july of 2026
00:40:50.920
on what planet do you brief the president's media mortal enemy why is that let's think about that
00:41:04.440
for a second let me let me think about that why would you do that oh that's right you want it to
00:41:09.600
fail this is one of the problems we have president trump won on a set of policies that the american
00:41:17.400
people overwhelmingly supported. It was the greatest comeback, I think, in all republics
00:41:25.640
and democratic societies, not just the United States, because he won on policies, border
00:41:31.520
security, mass deportations, no foreign wars, and to take on the deep state, to deconstruct
00:41:43.220
the administrative state but you know deregulation or even deeper than deregulation but also to take
00:41:49.060
on the deep state full stop is anybody is anybody confused about that was that not laid out very
00:41:53.220
clearly the president trump not campaign on that did we not do project 2025 this audience did we
00:41:57.920
not spend years in the wilderness and yes you know lindsey graham
00:42:05.180
and we will not speak ill of the dead on the war room but we'll bring up a factoid where
00:42:15.300
president trump said that what kept lindsey between a 99 and 100 was him standing up on
00:42:22.240
january 7th and 8th and condemning president trump and saying he had enough and all that well
00:42:27.520
we didn't have enough in fact we didn't have nearly enough we wanted it back in all its glory
00:42:35.000
and president trump is back in all his glory but the question and i think this is very emblematic
00:42:40.820
of one of the issues i think this is very emblematic of why we may have an enthusiasm gap
00:42:47.140
people want this president to succeed they want this president's program to succeed they want
00:42:57.100
maga to succeed they want america first to succeed and they want to bequeath that to others that will
00:43:04.220
come on and fight for these basic fights around the country's sovereignty and that the citizens
00:43:12.120
of this nation come first. People are prepared to fight for that. They are prepared to engage in
00:43:20.560
that. So why, when we get back to the railhead of one of the most important issues we can discuss,
00:43:27.600
which is the deep states war against a guy named donald trump starting from the very first time
00:43:35.980
he came on the stage are we briefing the president's enemies in advance of everybody else
00:43:42.240
listen up patriots president trump is dropping a 100 trillion dollar bomb on the globalist
00:43:49.900
jerome powell's term is come to a close and he's installing a real america first fed chair who will
00:43:57.560
according to Jim Rickards, slash rates and supercharge our reindustrialization.
00:44:04.140
This is what one man is calling Trump's gift on America's 250th anniversary, unleashing a
00:44:10.380
historic super cycle in American mining, rare earths, uranium and gold. The same forces that
00:44:17.200
turned $5,000 into over a million in less than five years during China's booms are hitting here
00:44:23.060
now. Jim Rickards, the former CIA, Pentagon, and White House advisor, has the battle plan. The gold
00:44:30.380
royalty stock that could skyrocket in the next few years and the uranium power for AI. Don't miss
00:44:38.800
this. Go to RickardsWarRoom.com now for a risk-free trial of Rickards Strategic Intelligence. Get all
00:44:45.840
five free reports for just 49 bucks. 90 days to test it. Love it or keep the research and get
00:44:52.840
your money back. This is your shot, patriots. America is rising. Make sure you participate.
00:44:59.160
Once again, RickardsWarRoom.com for your risk-free 90-day trial. Do it and do it today.
00:45:06.840
Trump appears to be taking his assault on the truth and democracy and American elections to
00:45:12.760
prime time. MSNOW is now reporting that Trump will deliver an address Thursday evening where
00:45:18.180
he plans to unveil another round of lies about why he lost in 2020 to Joe Biden, this time claiming
00:45:24.380
that newly declassified reports reveal foreign interference in that election that his own
00:45:28.500
government didn't know about at the time. Lies that seemed to conveniently obscure that he was
00:45:34.200
the president of the United States. All of his handpicked people ran every facet of the government
00:45:39.640
in 2020. His handpicked Attorney General Bill Barr ran the Justice Department. His handpicked
00:45:46.580
replacement for jim comey chris ray ran the fbi both of them have repeatedly and publicly
00:45:52.560
debunked these lies if there was any foreign interference this is on this is on exclusive
00:45:58.960
this is on exclusive reporting and they got exclusive reporting because they got briefed
00:46:04.120
by the white house do we have roads can i play the roads thing roads sits right there after being
00:46:09.280
briefed by the white house briefed by the white house senior officials briefed by the white house
00:46:14.200
comes on Morning Joe and he calls it disinformation. Let's go and hear this.
00:46:18.960
This was the guy they briefed. Let's go ahead and hear this.
00:46:23.040
There's a whole of government effort that's just unprecedented of what they're doing.
00:46:27.920
I have a list here. I want to. So the acting director of national intelligence, Pulte,
00:46:32.960
this task force that the president has created, they're going through thousands of pages of
00:46:36.780
intelligence documents and they're going to start releasing them within weeks. It could be sooner
00:46:40.500
than that. And they will essentially be looking for documents that back the president's conspiracy
00:46:45.220
theories. And this is one element of what we're going to see between now and November,
00:46:49.180
a constant flow of disinformation that tons of people who weren't citizens voted, that there
00:46:53.780
was maybe a constant flow, a constant flow of disinformation. So why did the White House brief
00:47:01.040
this guy why why before we go live with this information and by the way it's millions of
00:47:11.940
pages and it's all there it's fact but you see right there they're sitting they're framing this
00:47:18.300
they're going to frame this this is president trump and another wild goose chase chase this
00:47:22.880
is president trump this gets to the railhead of one of the central problems in the country
00:47:31.940
and how we're funding the fight of these forever wars
00:47:48.640
This is why we have to, while we have the authority,
00:47:56.960
Now, I happen to believe putting in front of the American people the actual facts of foreign interference in our elections and the facts of what the intelligence agencies have either done to stop that, which is nothing, or have done to suppress the information that had happened, which you'll have to see with your own lion eyes.
00:48:15.940
but why would you brief someone that would get in front of this and uh and and come out and say
00:48:22.940
what nicole wallace and rachel maddow and all of them all the whole mantra you know melbert the
00:48:29.180
whole crowd morning joe this is called framing it but they got and nicole wallace tells you
00:48:38.020
right there on the screen exclusive reporting what does exclusive mean they got a scoop
00:48:47.700
How did he know what was going on with the task force?
00:48:50.420
How did he know what was going to be presented at the president's speech?
00:49:04.380
That sound like a messaging strategy that you're going to, you know, fire off the football.
00:49:10.480
remember the great editor of the wall street journal i didn't agree with his economics or
00:49:18.060
his politics but he knew how to drive a story he had two great sayings this is bob bartley
00:49:24.280
robert bartley that um it ain't a scoop until you treat it as a scoop giving previous information
00:49:32.720
was out there and the other is that to drive a story it has to have muzzle velocity
00:49:38.520
these are two watchwords that when i ran breitbart we incorporated this is why breitbart
00:49:45.680
when andrew died and he did not live to see the magnificent site he had built the brilliant
00:49:52.420
new site but we were able to drive that to astronomic lengths ben shapiro said we turned
00:49:58.380
it into trump pravda well president trump wouldn't have been president of the united states if he
00:50:03.180
didn't have a media company that was prepared to really get in back of his theories which were not
00:50:09.700
neoliberal neocon forever wars uh of the traditional republicans which are still amongst us
00:50:16.140
if you don't think it's amongst us they're just counting down they're they're checking
00:50:21.080
off every day that president trump's around john thune who's treating uh president trump as a lame
00:50:27.300
duck why do i say that where's the save america act where's the save america act where have we
00:50:36.520
ever taken a recess have we ever given president trump just the the the um recognition that he is
00:50:42.600
president of the united states and that the senate trusts him enough and respects him enough
0.85
00:50:46.980
that uh mitch mcconnell and his ccp controlled wife uh would ever allow just the senate to go
0.81
00:50:54.920
on recess a real recess and not play this kabuki theater we do every couple of days where one
0.97
00:51:00.360
senator comes in and gavels it in why is that because they don't want to go on recess why is
00:51:04.320
that they don't trust president trump for what he would do with recess appointments
00:51:08.200
why would you brief the greatest enemy right there this morning this is why i wanted to play it the
00:51:16.380
DEI hire of the New York Times, right, sat there and called the senior administration
00:51:24.200
members of the Trump administration who are trying to deal with a 20 million person invasion
00:51:31.640
of our country, white supremacists, and that the policies are white supremacist policies.
00:51:38.000
Does that sound like somebody that's open for a debate about immigration policy?
00:51:41.760
Is that somebody open for a debate? No, that is not. That's how they shut down the debate.
00:51:51.000
It's either going to be their way or it's going to be the way that saves this republic.
00:51:57.560
And the way you do that when you do all this work and you have Pulte and John Solomon have accomplished more in three and a half weeks than the overseers of the intelligence apparatus have done in years.
00:52:13.600
what these individuals and their teams have accomplished is extraordinary
00:52:19.320
and you're going to see the cia in all its glory
00:52:23.420
you don't think that ought to be cut in half it'll be cut in half i think the whole thing
00:52:28.940
ought to be eliminated rebuild it around what you really need
00:52:32.060
so what do you do you brief your mortal enemy on what you're going to do so they can frame it
00:53:08.520
stuck traveling or dealing with a packed pharmacy when you can already have your medications on
00:53:14.240
hand? Seriously, you know what you normally take. You already know what your family could need.
00:53:19.760
That makes no sense. Smart families don't operate like that. That's why I love All Family Pharmacy.
00:53:25.700
They're built a better, simpler system to get your prescription medications. You go online,
00:53:32.080
fill out a quick medical form, licensed doctors review your requests, prescribe if appropriate,
00:53:37.000
and your medications are shipped directly to your door.
00:53:40.740
No waiting rooms, no pharmacy lines, no insurance nonsense.
00:53:44.780
People are traveling more, schedules are getting crazier,
00:53:47.140
and have your medications already on hand just makes your life easier
00:53:50.880
because being prepared isn't paranoia, it's common sense.
00:53:58.240
That's one word, allfamilypharmacy.com slash Bannon
00:54:02.260
and use code Bannon10 to save 10% on your next order.
00:54:06.360
Again, that's allfamilypharmacy.com slash Bannon and use code Bannon10.