Bannon's War Room - August 03, 2026


Episode 5561： Bailing Out Japan; Mainstream Meltdown Over RFK Jr.


Episode Stats


Length

54 minutes

Words per minute

171.56

Word count

9,398

Sentence count

621


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Trump once again this weekend said he canceled a planned attack against that country,
00:00:04.600 citing, as he so often does, he claims an emerging deal.
00:00:08.480 Trump posted to True Social late Saturday night that the potential deal would, quote,
00:00:13.340 include the immediate, complete, and total opening of the Hormuz Strait and an end to Iran's nuclear threat.
00:00:21.100 Now, Iran's foreign ministry has said this morning that Tehran is not currently holding talks with the U.S.
00:00:27.460 Oh, we're doing it again.
00:00:28.400 Over the course of the five-month-long war, the president has threatened to escalate attacks on Iran, only to then walk back those threats.
00:00:36.320 He's done that at least nine times, by our count.
00:00:39.120 Trump's latest move to cancel strikes followed a phone call with Saudi's Crown Prince Mohammed bin Salman, MBS,
00:00:45.820 who raised concerns about the U.S. potentially escalating the conflict with Tehran.
00:00:50.780 That's according to the AP.
00:00:52.100 Here's what President Trump told reporters last night aboard Air Force One.
00:00:58.400 I was asked to by Saudi Arabia, by UAE, and by Qatar, and by Iran.
00:01:08.840 We were all set to go just about at this time right now, and it would have been a massive attack.
00:01:17.480 We were all set to go, but when the Allies asked to call it off, you got to sort of say, well, let's see.
00:01:25.380 And the reason they asked is I think there's a deal.
00:01:28.400 There's a deal on Hormuz, and then there will be a deal on the nuclear, or you might call it the denuclearization of Iran.
00:01:36.040 Now what we're doing is we're talking to them in the form of a negotiation.
00:01:40.320 It begins tomorrow afternoon, and we'll see if it's true.
00:01:43.540 I'd love to do that, save a lot of lives, save a lot of unnecessary power.
00:01:50.140 Trump has lost control of this war.
00:01:52.100 I don't think that when he walked into it, he expected it would be spreading across the region the way that it has.
00:01:58.120 He's said as much. I don't think that this is what he wants to have.
00:02:01.820 The Houthis have entered the conflict to begin to control, try to control the Red Sea already in the region.
00:02:07.560 It's expanded beyond Trump's control and beyond Trump's reach.
00:02:12.180 And then you have to see these other really ominous developments.
00:02:15.200 You've had the Ukrainian strike on an Iranian boat that they the Ukraine claims was transporting weapons and other related war material between Iran and Russia.
00:02:26.460 You've had information and evidence that Russia is helping Iran target U.S. bases, making Iranian strikes more comprehensive.
00:02:34.580 At the same time, Russia continues to be undeterred, even though it's taking massive battlefield losses.
00:02:40.820 You recently had a Russian missile landing in a Polish field, which this is there have been drones that have crossed into Poland.
00:02:48.640 First missile from Russia that we know of that's crossed into Polish airspace impacting in Poland.
00:02:54.260 And just again and again and again, you're seeing China supply missiles to Iran reportedly.
00:03:00.540 This war is not in his control.
00:03:02.980 And right now, every combatant in every one of the major world conflicts is escalating.
00:03:10.920 And so this is a this is a situation I wanted people to begin to try to move their eyes just from focusing in on the in and outs of each ceasefire or false ceasefire or each deal or each fake deal.
00:03:22.240 and instead take a bigger, broader view.
00:03:25.060 These two conflicts, to some degree, are merging and they're expanding.
00:03:30.360 And this is extraordinarily dangerous in which of our world leaders,
00:03:34.400 which of our world leaders is serious about trying to reach a resolution.
00:03:39.240 I don't see anyone quite yet.
00:03:42.180 Mr. President, why is the U.S. intervening to support the Japan yen at this time?
00:03:48.260 To support the Japanese currency?
00:03:49.920 uh because we have a good relationship with japan we're very strong very very strong
00:03:56.900 financially they are you know they have a weakening yen and they wanted a little bit
00:04:02.220 of help and we're always there for japan japan's been very good to us with the exception of course
00:04:07.520 of pearl harbor what is the u.s what is the u.s getting out of that arrangement financial benefit
00:04:13.880 It's also good for the world economy, but we make, like when we did with Argentina, I got criticized, we made $25 billion on that deal.
00:04:25.800 On Venezuela, we make hundreds of billions of dollars.
00:04:29.200 I make good deals.
00:04:30.480 Intel, I made $75 billion for the country.
00:04:34.680 I didn't make for me.
00:04:35.440 I made for the country.
00:04:36.400 Intel, I backed Intel.
00:04:38.620 It's the hottest stock right now on the New York Stock Exchange, on the various stock exchanges.
00:04:42.940 so we made about 75 to 80 billion dollars and japan wanted to it was really uh more than
00:04:51.280 anything else it was a signal of friendship and the dollar is doing great the fact is
00:05:01.240 our country is doing great everybody wants help from our country back off because iran has made
00:05:07.780 it very clear that it is prepared to strike the energy infrastructure and other targets
00:05:15.420 in Saudi Arabia, in Qatar, in countries that really don't want to see this escalation.
00:05:22.440 And Iran has been broadening the front of its, the zone of its activities, you know,
00:05:29.000 to as far away as Egypt.
00:05:30.560 There was a drone attack, an attempted drone attack on a U.S. ship in Egypt.
00:05:34.800 So Iran is not backing down at all. They're quite happy with escalation because they believe that ultimately this will deter Trump from pursuing this war.
00:05:46.340 They're not backing down, which makes it all the more odd that Trump thinks that these kinds of threats,
00:05:54.440 that this will be the biggest bombing campaign since World War Two, are going to deter Iran.
00:06:01.040 It's not deterrable at this point because its reading of this war is that the higher the cost it imposes on Trump and America's allies in the Gulf and beyond the Gulf and on the world economy, the less likely this war is to be resumed in full by Trump.
00:06:18.460 So this bluster is not working, but he keeps trying to throw spaghetti against the wall.
00:06:25.900 One other point is that, you know, Israel was all locked and loaded and ready to join Trump in this new attack on Iran and wasn't informed that he decided to call it off.
00:06:41.700 All right, let's start with our roadmap this morning.
00:06:43.700 It does begin with the U.S. and Japan actually engaging in their first joint operation to support the sagging end for the first time since 1998.
00:06:52.840 Thoughts on this intervention?
00:06:54.360 Because it is a major moment.
00:06:56.320 Well, I do think that Japan is in trouble because of the war.
00:07:00.480 Right.
00:07:00.620 I mean, I look, it's very interesting to see their LNG, 22 versus ours, 2.8 and $2.
00:07:07.980 You can't have a sustainable growth in a country with energy as expensive as it is.
00:07:14.680 I also obviously think that it's in our interest to have stronger yen.
00:07:18.720 They own a lot of our bonds.
00:07:20.140 We should point out, of course, it was a joint intervention after the currency did fall to decade lows.
00:07:26.660 I think it was four decade lows, in fact, 40 years.
00:07:31.180 Monday, 3 August in the year of our Lord, 2026, signal, not noise.
00:07:38.800 We've warned for a long time that over leverage and massive deficits and having to finance these will lead to the world's largest margin call.
00:07:50.140 And when that happens, everybody's going to have hell to pay.
00:07:52.460 So let's talk about the signal today with this intervention into Japan.
00:07:57.920 Yes.
00:07:58.740 Did the president say everybody's looking for our help?
00:08:01.240 Yes, Mr. President, they are looking for our help.
00:08:06.880 Maybe the focus should be on the mass deportations to get these illegal alien invaders out of our country that America and American citizens need help.
00:08:15.920 But I'll get to that in a moment.
00:08:17.700 I've got bowling and records.
00:08:18.760 Jim, let me talk. Let me start with you. This is a major moment. We're not doing this because Japan's friendly.
00:08:26.260 Japan's and, you know, part of it's an ally. Part of it's the military alliance we have to make sure the Chinese Communist Party doesn't take over East Asia.
00:08:34.940 But this bailout today, thank God you've got Scott Besant, a trader who over his career made a small fortune in trading around the Japanese yen.
00:08:46.240 You've got him, then Howard Lutnick, Secretary of Treasury, because you need a steady hand right now on global capital markets.
00:08:52.580 But this is as serious as it gets.
00:08:55.520 And we are, my theory of the case, we're in Japan for one reason.
00:09:00.140 We're in Japan to save the U.S. Treasury market and also these potential investments, the $1 trillion that Japanese companies are supposedly going to invest, or some of them already started, like Toyota, et cetera, in the United States.
00:09:11.340 But principally, we're there to save the global capital markets, particularly when we're so highly leveraged and we have to refinance.
00:09:18.460 I think Scott's got to refinance eight or nine trillion dollars this year.
00:09:23.860 In fact, the Wall Street Bloomberg's had a great story up that will push out, too.
00:09:27.920 As War Room has warned, you can't run two trillion dollar deficits in perpetuity.
00:09:32.760 You just cannot.
00:09:34.120 And the people think that we can, I think, are going to get us into deeper and deeper trouble.
00:09:38.880 Wall Street's actually pushing back on Scott with, hey, what is going on here?
00:09:43.240 Are we looking at $2 trillion deficits that we're going to have to add on top of the debt
00:09:47.100 you've got right now to refinance?
00:09:49.280 Jim Rickards, we got you and Eric Bolling to kick things off.
00:09:52.300 Tell us what you think.
00:09:54.440 Yeah, that's a good summary, Steve.
00:09:56.340 It was interesting that in the clip you played before this, somebody said this is the first
00:10:01.260 major government intervention in the yen market since 1998.
00:10:06.380 What happened in 1998?
00:10:07.380 Well, that was the Russia long-term capital management crisis, September 1998.
00:10:12.320 And I think, you know, my audience says I negotiated that bailout.
00:10:15.280 So I have a little experience in this arena.
00:10:18.820 Let me, it was good.
00:10:20.000 You gave a good summary.
00:10:20.740 Let me get right to the heart of it, the particular issue that's at stake.
00:10:24.760 And this affects the global financial system.
00:10:27.140 It's something called the yen carry trade.
00:10:29.660 Now, what is the yen carry trade?
00:10:31.040 Well, it works like this.
00:10:32.220 Let's say I'm a US investor.
00:10:33.420 By the way, it could be anywhere in the world, euros, US dollars.
00:10:36.000 but I'll use U.S. as an example. I'm a U.S. investor. I'm either a hedge fund guy or I'm a
00:10:41.020 banker. I want to do an acquisition or whatever. U.S. interest rates are around 5%, a little higher
00:10:47.860 for private borrowers, but let's just say 5%. Japanese interest rates for 30 years have been
00:10:54.600 close to zero, even negative at times, but close to zero. A little higher right now. That's the
00:10:59.480 problem, but I'll come back to that. So US rates are 5% or higher. Japanese rates are around zero.
00:11:06.600 So as a borrower, you'd rather borrow at zero than 5%. So how do you do that? Well, first of all,
00:11:12.000 you go to Japanese banks and you take out a yen loan at 0%. And then you take the yen and swap
00:11:20.080 them into US dollars in the foreign exchange market. That's a separate transaction. Then you
00:11:25.300 take your US dollars and go ahead and invest in whatever you want for hedge fund, but you're
00:11:30.060 using leverage. Sorry. So for hedge fund, probably two or three to one leverage for private equity
00:11:34.840 investor, it could be five or 10 to one, but it's a highly leveraged bet in US dollars, but you're
00:11:40.200 paying 0% for the borrowing because you're borrowing in yen. So, and that 5% difference,
00:11:46.580 or it could be higher 7% or whatever. You say, well, that's a lot. Yeah. But if you're leveraging
00:11:50.960 10 to 1, that's 70 points.
00:11:54.060 It's 10 times 7, in my example, or 50 points, 10 times 5, or whatever.
00:11:58.540 That's where the leverage comes in.
00:11:59.920 That is a huge, and all that profit drops to the bottom line, to the equity holder,
00:12:04.340 the investor, the guy who's putting in the equity or the general partnership.
00:12:08.240 So I'm borrowing a zero, investing at, say, 5% to 10%, leveraging between 5% and 10% to
00:12:14.220 1%, and making a fortune on the cost.
00:12:16.760 Now, that's the yen carry trade.
00:12:19.020 And it's all over the world.
00:12:20.280 every major currency, every transaction you can think of. It's funding China.
00:12:25.700 It's basically global leverage is based on what I just described. Now, sounds good. What can go
00:12:31.460 wrong? What can go wrong quickly, and it's happening, is that Japanese interest rates
00:12:36.080 start to go up. And when Japanese interest rates go up, then my profit disappears. So what do I do
00:12:42.900 as an investor in that situation? I unwind the carry trade. So basically, I take dollars. I
00:12:49.000 I swap them into yen.
00:12:50.000 I pay back my yen loan, get out of that.
00:12:53.280 And now one of several things happens.
00:12:55.560 I'm either borrowing in dollars, but that may be okay because the spread has gone away,
00:13:01.420 that the profit of borrowing in yen has gone away.
00:13:04.300 So now I'm borrowing in dollars.
00:13:05.680 What if I can't borrow in dollars?
00:13:07.340 What if the US banks are saying, sorry, no soup for you?
00:13:10.880 Well, now what do I do?
00:13:12.400 Well, I have to sell assets.
00:13:14.400 So either you're basically putting pressure on the yen, because I want to pay back the yen, or you're deleveraging the whole system.
00:13:22.400 You're selling assets.
00:13:23.120 That takes the stock market down.
00:13:24.900 I can go on, Steve, but I think our viewers get the point.
00:13:28.380 This thing permeates the global financial system.
00:13:31.000 Everything you can think of, Chinese foreign direct investment, leveraged deals, hedge funds, currencies.
00:13:38.140 It's like a hedge fund.
00:13:39.640 This is why the world's elites, you know, all this, oh, we're capitalists.
00:13:44.220 You're a bunch of, you know, low-level scum.
00:13:47.220 The system's kind of rigged.
00:13:48.740 Don't bury the lead.
00:13:50.660 Why is the Japanese 30-year at zero?
00:13:53.980 That's not a natural law of capitalism.
00:13:56.340 That's not Milt Friedman 101.
00:13:57.900 That's because of massive interventions by the Japanese government.
00:14:01.160 It's not that investors throughout the world go, oh, the Japanese with their demographic implosion,
00:14:05.380 the problem with the Chinese Communist Party and everything they've got going on.
00:14:08.940 Let's just give them free money.
00:14:11.520 We'll give them free money because we buy their business plan.
00:14:14.900 That's propped up by the Japanese government.
00:14:17.820 It's so interlocked.
00:14:20.260 But the bottom line is, well, we'll get to it after this.
00:14:22.640 The bottom line is we have, I repeat this over and over again.
00:14:27.900 Right now, this is one of the most dangerous things we've ever had.
00:14:30.940 We have a highly leveraged bet through global markets, capital markets throughout the world on artificial intelligence, delivering massive productivity increases without mass layoffs.
00:14:45.820 And we've still got two trillion dollar deficits a year.
00:14:48.820 Why do we have two trillion dollar deficits?
00:14:50.600 We're fighting wars everywhere and we've invited the world in here and we're going to pay for it.
00:14:55.200 Short break.
00:14:56.040 Back in a moment.
00:14:56.640 you don't wait until your house is on fire to install a smoke detector and you don't wait until
00:15:04.660 the wind and rain hammer your windows and the power goes out to prepare for a hurricane and
00:15:11.480 you don't reach for your seat belt after the impact because after the crash the hurricane or
00:15:17.100 the house fire it's too late similarly you don't wait until the dollar goes to zero before you buy
00:15:23.480 gold it's too late then diversify with precious metals and diversify now because you never know
00:15:30.460 what will threaten your savings next persistent inflation a weakening dollar unexpected financial
00:15:36.600 disruptions you don't know what's coming but you can take preventative steps and you can take
00:15:41.740 them today do that right now by requesting a free information kit on gold from my friends at
00:15:47.820 Birch Gold Group. Just text my name, Bannon, B-A-N-N-O-N, to the number 989898. There is no
00:15:55.440 cost and no obligation, just straightforward information on how you can diversify your
00:15:59.760 savings, even an IRA or 401k with gold. I trust Birch Gold. You should trust them too. Text Bannon
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00:16:17.820 Okay, folks, I realize a lot of this may sound very complicated.
00:16:21.500 We're going to try to make it much more accessible as we've done over at Birch Gold
00:16:25.540 because one of the reasons this show spends so much time on capital markets
00:16:30.680 and the global economy is that you cannot understand politics and power.
00:16:36.720 You cannot understand the direction of your country unless you have a basic understanding of that.
00:16:43.340 These shows that just go on and on, like Fox just go on and on.
00:16:46.280 No, no, no, no, no, no.
00:16:47.820 It's money and power, money and power.
00:16:51.700 And to be dictated by,
00:16:54.160 I also want to show you the phoniness of these guys sit there.
00:16:57.460 Oh, we're capitalists.
00:16:58.440 You're not capitalists.
00:16:59.440 You want your tariffs.
00:17:00.720 You want all this stuff.
00:17:01.760 This system is totally and completely rigged.
00:17:06.680 You're about to see some bailouts.
00:17:08.240 Now Scott's not, Scott is trying, Scott Besson isn't,
00:17:10.840 this is not a bailout of Japan because there are buddies.
00:17:14.240 This is not a bailout of Japan because, you know, part of it is they are part of that incredible alliance that we need to make sure that the Chinese Communist Party does not run the tables in the three island chain and dominate the Pacific.
00:17:31.580 And then, America, you've got a big problem.
00:17:34.320 And this is not about the Persians.
00:17:37.860 This is about the main thing.
00:17:39.480 we're doing it to save the treasury market we're doing it to make sure that we have the ability
00:17:48.820 to stay as the prime reserve currency ever heard that before you ever heard that oh yeah i heard
00:17:53.900 that on bannon show one time a couple of years ago yeah long-term capital management i'm gonna
00:17:59.340 get to bowling in a second because he's got a fabulous point to make you go back to 1998
00:18:04.020 gym records, which is long before many of our audience were aware of anything like that or
00:18:09.860 paid any attention to this. Long-term capital management, the implosion of that, which
00:18:13.820 back, I think was only a, it was relatively small compared to things we talk about today.
00:18:19.120 But that happened, I think it was just 97. That almost took down all of Wall Street. This was a
00:18:24.820 major crisis that needed intervention. Folks, you better strap in on this. If you saw what
00:18:31.740 happened last week and what happened over the weekend. Strap in. Jim Rickards, why are we
00:18:36.400 helping Japan? Why is there any type of intervention? Why is Scott Besant using the
00:18:41.400 balance sheet of the United States of America to help in Tokyo, sir? The reason, Steve, is that
00:18:48.400 these crises, they use the word contagion, they spread. They start out kind of like, you know,
00:18:53.940 small corner of the world, and pretty soon it is global. And again, in 1998, okay, that started in
00:19:00.620 1997 in Thailand.
00:19:02.140 Thailand devalued their currency, which made all those loans, more dollar investments,
00:19:07.960 worthless.
00:19:08.900 So people got, they sold everything in Thailand and got out.
00:19:11.680 That spread to Malaysia, Indonesia, South Korea.
00:19:14.280 People were killed in South Korea.
00:19:15.560 There were riots in the streets.
00:19:16.860 I spoke to the former Malaysian prime minister.
00:19:18.880 He was a guy who stood up.
00:19:20.120 It was a big fight at the IMF meeting in Hong Kong in 1997.
00:19:23.620 I was there for that.
00:19:25.040 But it took a year and a half to come around the world.
00:19:27.440 So I negotiated the LTCM bailout with 14 Wall Street banks,
00:19:34.320 they call them the 14 families, and 19 international lenders.
00:19:38.020 Steve, no exaggeration.
00:19:39.100 We were hours away, hours away from shutting every market in the world.
00:19:45.560 That is not an overstatement.
00:19:47.440 No, no.
00:19:47.700 This was the predecessor of 2008, and I've kept saying,
00:19:52.200 hey, we're heading toward 2008 and 2000 with the equity.
00:19:55.900 Hang on one second right there.
00:19:57.440 Jim I'm gonna come back to you because bowling's got to bounce bowling this is about contagion what
00:20:03.240 happened as you've been pointing out what happened earlier in the way really towards the end of last
00:20:07.440 week that made this Japan this intervention into the Japanese capital market so important sir
00:20:12.880 yeah I was I was trading when when Jim Rickards was was making sure that our financial system
00:20:18.500 didn't collapse in 1998 I remember and it was it was a it was a process in 97 it started to fall
00:20:24.520 we started hearing about it all of a sudden we hear about this long-term capital management a
00:20:28.160 massive leveraged fund that was taking on waters underwater and what were they going to do with it
00:20:33.680 if they had to bail out of all those positions it could take the whole system down and then the yen
00:20:37.900 the japanese yen started to puke there were people dumping yen it was almost the same thing
00:20:43.100 happening steven last thursday we started hearing we couldn't figure out for a week why there was so
00:20:47.520 much tech selling that was like it went from software companies then then uh you know more
00:20:53.220 hardware companies. It was methodical. And we could not figure out why that was happening until
00:20:57.200 Thursday, Friday, we realized that their situational awareness, a 24-year-old German
00:21:04.920 kid who was some guru in AI had amassed $45 billion in a PE fund, private equity fund,
00:21:11.620 and they were getting smoked. They were getting slaughtered. They were being liquidated by the
00:21:15.000 banks. But hang on, hang on. Whoa, whoa, whoa, whoa, whoa, whoa, whoa, whoa. Please don't bury
00:21:19.600 the lead the kid got 45 billion dollars and leveraged it up unbeknownst to anybody 400 he
00:21:25.220 had 400 leverage on these trades it was the leverage it's not just the simple guy that's
00:21:29.920 he didn't know what he was doing he yeah but he had 400 he had four 400 leverage totally
00:21:38.000 unregulated nobody looking at it nobody understood what was going on and then these trades start
00:21:42.760 hitting him he has what the world's going to go through a margin call right you're going to put
00:21:48.000 have more assets to back these dumb trades continue on sir you can't meet his margin calls
00:21:53.140 they start liquidating the assets he takes he starts selling things he doesn't like best he
00:21:57.000 holds on to things he likes the best and they're working with him and at some point they realized
00:22:01.260 they're not going to be able if it kept going they weren't going to be able to hold prop this
00:22:06.000 thing up they weren't going to be able to get enough this stuff off the books and so this 45
00:22:09.800 billion dollar hedge fund starts shrinking then the yen happened and then the yen starts to fall
00:22:14.120 apart if you look at a chart on the end it was almost simultaneous to when we started to realize
00:22:18.240 this was a almost a long-term capital look-alike 30 years later and that started to fall apart 28
00:22:24.240 years later whatever if that started to fall apart so Besson stepped up propped up the end
00:22:28.600 I believe because I I think they were concerned about a replay of 1998 but also it kind of helped
00:22:36.060 them in the second the administration in a second way because it helped um it helped the the interest
00:22:42.460 rate market. So if the Japanese who hold $1.2 trillion of our U.S. treasuries saw their
00:22:48.600 currency slamming and they had to support it, they had to sell U.S. treasuries to buy their
00:22:52.980 own currency back. And that would put downward pressure on our pricing of our treasuries,
00:22:58.280 which shoots the interest rate straight up. And if we had a higher interest rate into a
00:23:02.620 falling stock market, all hell could have broken loose. And Rickards can give you the macro
00:23:07.840 economic effect of all that but that was a it was it was turning out looked like he was going to be
00:23:12.920 a replay of 1998 again what did they save it i don't know i'm watching the end continue to fall
00:23:17.660 but i think there was a lot of relief steve last thought on wall street that it was just one player
00:23:22.740 who was caught the wrong way sideways on the ai trade rather than a group of players or the whole
00:23:28.600 entire market so i do believe that the kind of all clear has been blown as far as the stock market
00:23:34.020 side of his is playing out but i just let's put a pin on that the people should remember i'll go
00:23:41.880 back to rickerson moment i know you gotta bounce is that the whole crisis in 98 started with the
00:23:46.780 tie bot and people thought what the who cares about the tie bot this is totally irrelevant
00:23:50.860 it's so small no these contagions spread and sometimes they take a while but they have major
00:23:56.200 implications also the president used an analogy there that i think we have to take a second and
00:24:01.940 look at. He used Argentina, and he used Argentina, and hey, we made a great deal on Argentina. Remember
00:24:07.760 on the show, we were saying, why are we jumping in to help Millay before these elections? But they
00:24:12.200 did, you know, Scott was very smart. We did make substantial amount of money on the trade. But I
00:24:17.480 would argue, Bowling, that Argentina is to Japan as Venezuela is to Iran. You're taking one very
00:24:25.080 small, isolated, tiny problem. And thinking that the same construct can work on a massive problem.
00:24:33.960 Your thoughts? You're not going to like this. Maybe Rickards won't like this either. And
00:24:38.920 probably most of the war room audience won't like it. I don't like any of them, Steve. I don't like
00:24:43.400 bailing any country out. I don't. Listen, I know markets can be violent. They can be deadly at
00:24:49.060 some time. But I believe in free markets. I honestly believe in the free market that includes
00:24:54.440 not having governments intervene in other
00:24:56.700 governments' currency. For me, it's a
00:24:58.820 very, very big problem. It doesn't
00:25:00.660 allow markets to clear.
00:25:02.860 Steve, it's the old adage.
00:25:05.200 Give a man a fish, he eats for
00:25:06.680 a day. Teach him how to fish, he'll eat for life.
00:25:08.660 We're bailing these hedge funds and PE funds
00:25:10.760 out. We're even bailing countries out.
00:25:13.280 They're going to continue to
00:25:14.540 lever themselves up to get the
00:25:16.700 big bucks until they can't...
00:25:18.200 There's no one left to buy, and then
00:25:20.620 the bottom falls out.
00:25:22.280 And they come to us for help.
00:25:23.680 I hate bailouts too, but let me just be practical about this.
00:25:28.160 If you're seeing – and we're going back to the financial crisis of eight, the internet crisis of 2000, the financial long-term capital management of 98, the Thai bot right before that.
00:25:39.240 If you didn't intervene in Japan, isn't it the possibility they have to puke up all those treasuries?
00:25:46.900 Where would we be right now?
00:25:48.060 And by the way, that's what I'm saying.
00:25:50.480 We have $8 trillion a year we have to refinance.
00:25:54.040 A huge buyer of those securities are the Japanese government.
00:25:57.860 Is it not, sir?
00:25:59.200 The largest, yes.
00:26:01.700 So how are you going to – this is my point.
00:26:04.360 We have $2 trillion.
00:26:06.040 And why we have $2 trillion is because we're fighting everywhere.
00:26:08.360 We've got a massive military budget, but the social programs are out of control for the illegal alien invasion that we're still paying for.
00:26:15.100 We haven't – Congress has not had the stones to do it.
00:26:17.400 If you're number one buyer of securities, and kind of since the Chinese aren't around anymore because we're kind of at war with them, and the continual buyer is going to have to blow out all their treasuries to save themselves, what do you do then?
00:26:31.960 When you're sitting in the situation room, what do you do, Mr. Milton Friedman?
00:26:36.420 Mr. Milton Friedman?
00:26:37.420 You want to know what you do? You're thinking in the next two years, I'm thinking the health of the U.S. economy for the next 250 years.
00:26:45.740 What you do is you stop bailing countries out. You stop supporting currencies that aren't ours, certainly.
00:26:51.580 And you stop directing rates and prices. I mean, the government should never – Trump talked about owning Intel.
00:26:58.640 When in the world do we think – I certainly think this is a bad idea.
00:27:01.660 I don't care how much money you make on Intel, if he did or didn't, government propping up individual companies is worse than propping up countries.
00:27:08.780 You're picking winners and losers.
00:27:10.380 I just like the free market, Steve.
00:27:12.640 It's gotten us 250 years, the most prosperous, powerful country on the planet.
00:27:16.500 I think the only way to get the next 250 the same way, get the hell out of other people.
00:27:22.340 I think 2008 bailouts, the audience would say, it ain't a free market because we socialized the risk.
00:27:28.160 We bailed out the wealthy and had the middle-class and working-class pay for it.
00:27:33.120 It's becoming less free.
00:27:34.540 I got it.
00:27:35.860 I agree with you.
00:27:37.660 Bowling, where do people go?
00:27:39.340 What's your social media?
00:27:40.140 You got to bounce.
00:27:41.320 I got to bounce.
00:27:42.020 I'll just be here, and I'll see you on Rab at 4 o'clock Eastern as well.
00:27:45.360 Love doing this with you, Steve.
00:27:47.460 Investor Rick.
00:27:48.320 You're brilliant, man.
00:27:49.460 Let's do a change.
00:27:51.860 Markets will be closed by the time we can report back to the audience.
00:27:55.960 See you, Eric.
00:27:56.600 Thank you.
00:27:57.920 Rick is going to stick with me.
00:27:59.100 Tony Lyons also coming up.
00:28:01.040 Bobby Kennedy went thermonuclear on CNN over the weekend.
00:28:05.480 My God, was it beautiful.
00:28:07.160 All next in the War Room.
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00:29:39.180 Here's your host, Stephen K. Mann.
00:29:43.560 Jim Rickards, from the time that we called the 14 families,
00:29:47.280 The Treasury called the 14 families in New York on that long-term capital management and got them down at the Federal Reserve in New York City and just told them, hey, boys, get the checkbooks out because you're going to be writing some checks on this.
00:30:00.080 I believe it was Bear Stearns.
00:30:02.320 I think they were the ones that said, no, no, no, no, no, no, no.
00:30:05.080 We're capitalists, free market capitalists, and we ain't bailing anybody out.
00:30:09.000 That's your problem.
00:30:09.660 what is it uh two decades later when they came for a ballot they oh no we got long memories here
00:30:17.860 bro you're on your own so about about am i not right on that it is hey in theory uh eric's a
00:30:27.140 thousand percent right is that the world in which we live jim rickerts it's not i'll give you an
00:30:32.460 example by the way in 1998 when bears they went alphabetically to get the commitments and bear
00:30:37.360 Stearns was a first or second alphabetically. He said, we're not in. So the chairman of Merrill
00:30:42.240 Lynch, this big guy, put his arm around, went out in the hall with Jimmy Cain, who was the chairman
00:30:46.160 of Bear Stearns, and said, Jimmy, we got to do this for Wall Street. We're all in this together.
00:30:50.440 And Cain said, when the F did we become partners? And that was never forgotten. 10 years later,
00:30:56.120 Bear Stearns was done. So Wall Street has a long memory. But to your point, Steve,
00:31:00.280 the 2008 financial crisis, you mentioned that, that's another one. It started in August 2007.
00:31:06.280 It took 13 months to get to Lehman Brothers.
00:31:09.120 It started with a French money market fund in August of 2007.
00:31:12.400 So I went down to Washington.
00:31:13.880 I met with the Assistant Secretary of the Treasury.
00:31:15.720 This is the Bush administration.
00:31:17.220 And I'd seen this movie before.
00:31:18.800 I knew how it was going to end.
00:31:20.020 So I laid it all out for him.
00:31:21.240 I said, you need to get this information so that when it happens, you'll be prepared.
00:31:25.460 Nice guy.
00:31:26.160 You know what he said?
00:31:27.060 He said, we don't do that.
00:31:28.180 We're a free market.
00:31:29.580 We don't intervene.
00:31:31.000 We don't get involved.
00:31:32.220 I said, no, you're not intervening.
00:31:34.600 You're just getting information so you can do a better job.
00:31:37.060 That was the end of it.
00:31:38.060 So I said, I just sat back and said, OK, they're on their own because I tried.
00:31:41.480 And it all came back.
00:31:43.700 So now the answer is, pardon me, Eric Boling made this point.
00:31:48.780 The acute stage is preceded by warnings.
00:31:52.180 We're getting the warnings right now.
00:31:54.520 Excuse me.
00:31:55.600 Situational awareness, the end carry trade, and other events.
00:32:00.180 We're getting the warnings.
00:32:01.240 What are we going to do?
00:32:01.700 Sit back and let this blow up.
00:32:02.960 So I think Besson's on the right track. But basically, he's trying to bail out the U.S. Treasury market because if Japan's selling treasuries to get dollars to prop up the yen, that's going to raise U.S. interest rates.
00:32:15.440 So we know what happens then.
00:32:18.160 OK, where do people go right now to get strategic intelligence?
00:32:23.220 I want to make sure they get an opportunity to get access to your thinking every day.
00:32:27.700 And by the way, we got Rickards is nice enough.
00:32:30.020 Jim's nice enough to come on back tomorrow morning.
00:32:32.220 We're going to give an update on where we are.
00:32:34.160 Because, folks, this is this is big league.
00:32:37.760 This is adults only.
00:32:40.240 This could turn into something quite awful.
00:32:42.520 And the reason is we're too highly leveraged.
00:32:45.100 We're too much debt.
00:32:46.060 And you can't have two trillion dollar deficits.
00:32:48.160 You can't care.
00:32:48.940 You can't do guns and butter.
00:32:50.600 And right now we've got a whole lot of butter and a whole lot of guns.
00:32:54.040 And, you know, the world at the end of the day, with all these interventions, the world is kind of an efficient market that we can't continue to pay for this.
00:33:03.300 We have to borrow this money and we have to borrow this money from people that are not in that great shape when you really look at it.
00:33:09.320 Rickards, where do they go for strategic intelligence?
00:33:12.680 Thanks, Dave.
00:33:13.280 We have a landing page.
00:33:14.440 It's RickardsIntel.com.
00:33:16.660 That's RickardsIntel.com for strategic intelligence.
00:33:20.420 It's a flagship newsletter.
00:33:22.300 We don't tell you what happened.
00:33:24.040 We tell you what's going to happen, and we have a very good track record in predictive analytics.
00:33:28.160 I'm glad to say my publisher has agreed to extend our patriotic offer, $17.76, $17.76 for a three-month subscription.
00:33:38.840 Most readers love it.
00:33:40.300 If you don't like it, it's okay.
00:33:41.540 You get all your money back.
00:33:42.580 Just call us, and we'll give you a refund.
00:33:44.060 But almost all of our readers stay with us, and we put a lot into it.
00:33:48.560 And it's where you can find out what's going to happen next.
00:33:51.320 we'll talk about Hormuz tomorrow too
00:33:54.540 the Persians and Hormuz
00:33:56.860 and now the Omanis
00:33:57.980 maybe we don't want Oman having a voice there
00:34:00.480 anyway we'll hold that for tomorrow
00:34:01.680 thank you Jim Rickards
00:34:02.540 appreciate you
00:34:03.200 this is totally free on online
00:34:08.080 go to birchgold.com
00:34:09.480 slash Bannon
00:34:10.220 end of the dollar empire
00:34:11.580 we've kind of been warning you
00:34:13.860 and you know
00:34:15.460 prepping you folks for this
00:34:17.220 make sure you check it out
00:34:19.100 slash Bannon
00:34:20.180 all free
00:34:21.060 ninth free installments coming as soon as we get the graphics right it's going to come eight free
00:34:26.780 installments right now starting from i don't know five or six years ago read it all you'll
00:34:31.760 understand better make yourself aware what's going on this is why we cover this so much we want to
00:34:36.440 make sure you're not caught or it's just not tucked into the business side of those they
00:34:40.720 got all this other crap they're covered in the news oh to divert your attention to divert your
00:34:45.860 attention so you actually don't see what's going on and who's getting screwed in the process
00:34:50.840 I got the great Tony Lyons
00:34:53.840 Tony, thank you first for coming on and doing this
00:34:56.280 Yesterday, I couldn't have been prouder of Bobby Kennedy
00:34:59.340 It was just unbelievable
00:35:00.860 And of course, CNN melted down
00:35:02.900 But then this morning, our favorite, Morning Joe
00:35:05.560 Really melted down on Bobby Kennedy
00:35:07.560 I got cold opens on this all over
00:35:09.960 Let's start with one
00:35:10.880 I'm going to have you come in and comment, okay?
00:35:12.500 This is from yesterday
00:35:13.600 The great Dana Bash, Bobby Kennedy throwdown
00:35:17.500 Let's hear it
00:35:18.400 just quoting the wall street journal that they that the president wants you to
00:35:24.400 go further to probe the link between autism and vaccines he certainly does okay now
00:35:31.280 have you talked to him about medical research that have studied this for 25 years and found
00:35:38.320 no link between autism and vaccines and and and just this is my question here because i don't
00:35:44.240 want to litigate that my question is why not because you are hhs secretary now why not study
00:35:51.740 what could cause autism which scientists do believe starts with fetal brain development
00:35:58.640 why not do some studies on that whether there's an environmental lawyer whether there are
00:36:03.740 environmental factors that go into contributing to a predisposed genetic situation let me say
00:36:10.340 this first. We're doing all those things. And that's one of the ways that we found Tylenol. There's 73 studies out there and link Tylenol exposure during later pregnancy and during the perinatal period to to autism onset. But you are wrong when you say that this issue has been studied. It has been studied and you're rolling your eyes. I am because I don't want I don't want to have you use our air to say this. There have been more
00:36:40.320 than 40 studies involving 5.6 million people to conclude there is no link between vaccines and
00:36:46.840 autism. This is the head of the Committee of Infectious Diseases for the American Academy
00:36:51.860 of Pediatrics. Now let me tell you what the Institute of Medicine says, which is the National
00:36:58.000 Academy of Sciences, which is the ultimate arbiter on vaccine safety, in which it does not have an
00:37:04.000 interest in this debate. It says that none of the eight vaccines that are administered during
00:37:11.020 the first six months of life have ever been studied for a relationship to autism. It found
00:37:17.440 two studies, one on the DDP vaccine, that showed that it does cause autism, and one on the hepatitis
00:37:25.780 B vaccine, and again suggests that it does cause autism. The Institute of Medicine dismissed those
00:37:32.440 two studies because they were based on CDC's database. The studies that you're referring to
00:37:38.360 are all for one vaccine, the MMR vaccine, or one ingredient, thimerosal. So you are using,
00:37:45.020 you are actually looking at, you're starting new studies to try to link autism, but you're also
00:37:50.220 telling me. I'm not trying to link autism to anything. I'm trying to find out why has autism
00:37:55.320 gone from less than what? Are you also trying to find out how it interacts with people's DNA,
00:38:01.340 what's predisposed to have an autistic child?
00:38:06.040 Are you doing both?
00:38:07.300 Yeah, but Dana, you probably don't understand this
00:38:10.620 because you're not a scientist,
00:38:12.080 but genes don't cause epidemics.
00:38:15.380 I understand.
00:38:16.440 Genes, epidemics.
00:38:17.760 They provide a vulnerability,
00:38:19.180 but you need an environmental exposure.
00:38:21.640 That's what I'm asking.
00:38:22.540 Are you studying the environmental exposure?
00:38:23.640 We're looking at all the different environmental exposures,
00:38:26.220 but your statement, you have been fooled.
00:38:29.400 your statement that this has been studied is not true it's categorically not true not for any of
00:38:36.080 this it is considered it decided by who by every scientist who has studied this that is not true
00:38:44.100 i can give you hundreds of scientists who have looked at this so on the one hand you are do
00:38:48.680 you understand why people are academy of sciences what greater authority do you understand why
00:38:53.620 people are not getting measles vaccines because they're hearing you say that it could cause
00:38:57.940 You're not trying to change the subject.
00:38:59.200 I'm not.
00:38:59.620 It's very much related.
00:39:01.140 Show me one of the studies that's been done on the first eight vaccines during the first six months of life.
00:39:07.160 You will not find them.
00:39:08.900 The National Academy of Sciences do not exist.
00:39:10.640 So if that's the case, then why are you telling people to get the measles vaccine?
00:39:14.220 Because that is one of the vaccines that has been studied.
00:39:18.500 Okay.
00:39:19.020 It's the only one that has been studied.
00:39:22.000 Do you want people to get the MMR vaccine?
00:39:25.740 Yeah, I said that already.
00:39:27.220 Okay.
00:39:27.380 So I know you're flustered now and it is. I don't. I'm not flustered at all. I am frustrated. The reason I'm frustrated is because I you are the HHS. You are the HHS secretary and you are talking about things that that that lead to vaccine hesitancy in this country.
00:39:48.280 and and it is something that causes problems for people when there is not anything let me ask you
00:39:56.640 something do you see your job as ending vaccine hesitancy or do you see your job as telling the
00:40:03.800 truth to the american i see my job as telling the truth and the truth is that there is is study
00:40:10.780 after study after study it's one of the most studied things out there in science and it is
00:40:15.920 Like a parrot. You're repeating it like a parrot. I've actually read the science. You and I come back here and debate the science. I'm not debating this for you. Of course you won't. All you know how to do is repeat things that people told you and say trust the experts. That's what you did during COVID. Now we know that Andy Fauci, who was the expert, was lying about everything, about masks, about the social distancing, about natural immunity, about the transmission from the
00:40:45.900 vaccine about the source of COVID. He was lying and you were punishing people for not trusting
00:40:53.300 the experts. And now you're rolling out the experts again to talk about something that you
00:40:58.280 have no personal knowledge of. Okay. Well, guess what? That is my job to talk to people. Your job
00:41:04.940 is to tell the truth to the American public. Yes. Yes. And my job is to get as much information as
00:41:09.880 I can. And what we were doing in COVID and still with regard to these vaccines is getting the best
00:41:21.200 information, the best science that we can and putting it out there. And sir, what you are doing
00:41:26.500 is causing information to be out there that is not accurate. The National Academy of Sciences,
00:41:34.000 which you just cited in November,
00:41:37.180 said we support the statement
00:41:39.080 that vaccines do not cause autism.
00:41:41.860 This is the National Academy of Sciences
00:41:43.560 that you just talked about.
00:41:45.240 Look at the National Academy of Science
00:41:47.980 most recent report.
00:41:49.340 Okay.
00:41:49.780 And you'll see.
00:41:52.540 Boy, could Bobby Kennedy
00:41:54.980 give Mark Wayne Mullins some media training?
00:41:57.220 Oh, that's right.
00:41:58.220 Bobby Kennedy actually believes this.
00:42:00.480 Mark Wayne Mullins is an open borders,
00:42:02.460 the embassy guy. Tony Lyons, we got about 90 seconds. Give me a summary. It was so beautiful
00:42:08.060 to watch. Walk me through it. Yeah. So what we've got is that for a generation now, we've had every
00:42:15.180 network, every TV show, every newspaper, every website be totally corrupt, reading pharma talking
00:42:22.980 points to millions of Americans, you know, mostly Democrats watching CNN and using words like
00:42:29.880 anti-vaxxer, conspiracy theorist, you know, all of those kinds of things. And those are just
00:42:35.660 pharmaceutical company talking points. We know that, you know, when Bobby Kennedy's book came
00:42:41.640 out on November 16th, 2021, the real Anthony Fauci, it was the most censored book in America
00:42:47.320 because this is a cultural war. Genes don't cause epidemics. Vaccines are connected to autism.
00:42:55.860 Vaccines do cause autism. That is a fact. 50% of the parents of autistic kids say it happened right after their kids were vaccinated. This is an important subject that needs to be researched and researched and researched.
00:43:11.360 And what's happening is that these people, like Dana Bash, continue to lie to the American public, and they take somebody like Dr. Fauci, and they still hold him up on a pedestal, even though he spent 50 years making the health of the American public worse and working for Big Pharma and Big Food criminal organizations.
00:43:33.140 Tony, hang on for one second.
00:43:34.960 Take a short commercial break.
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00:45:21.160 tell them bannon sent you don't let the irs be the first to act take advantage of first mover
00:45:28.600 advantage you move here's your host steven k band okay let me let me keep this simple
00:45:38.020 we had a 40 billion dollar hedge fund evaporated on thursday because one of the reasons it had
00:45:44.720 400 leverage we are now intervening in a joint effort with the japanese
00:45:50.840 to uh save them from selling massively selling u.s treasuries to fund their problems with their
00:45:58.400 currency and their economy part of that driven by increased oil prices the um we now know wall
00:46:08.380 street everybody's warning that they finally woken up to the fact that the two trillion dollar
00:46:12.260 particularly we have a cr see it's all inextricably linked this is what we do here in the
00:46:16.940 war room show you the pieces and how they fit together because the cr goes back to biden and
00:46:22.320 pelosi spending we're just kicking the can down the road because people on capitol hill
00:46:26.140 don't have the guts to stand up and say,
00:46:28.920 hey, we've got to start to fix this.
00:46:31.460 So you have $2 trillion deficits.
00:46:33.300 It's not sustainable.
00:46:35.640 It's all on the U.S. dollar
00:46:37.280 and people needing U.S. dollars as the prime reserve currency.
00:46:41.760 Find out why you need a hedge,
00:46:45.500 particularly as you're getting closer to retirement, right?
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00:46:52.720 It's all right there, eight free installments,
00:46:54.300 nine coming back for your own self-preservation. Read it. Study it. Also, hometidelock.com
00:47:04.540 slash Steve. 90% of your net worth is tied up in that home, folks. 9-0. 80% to 90%. If you're
00:47:11.560 lucky enough to own one and the younger generation don't own them, but you do, you got to protect
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00:47:25.820 Talk to Natalie Dominguez,
00:47:26.820 they'll tell you all about it.
00:47:28.840 All about it.
00:47:32.880 You see Dana Bash,
00:47:34.280 it's a home title lock.com.
00:47:35.340 Go check it out today.
00:47:36.620 Do this, self-preservation.
00:47:39.780 Because we're going to go through
00:47:40.940 some turbulence here, folks.
00:47:42.400 Already got turbulence now
00:47:43.620 as these two kinetic conflicts
00:47:45.280 in the Middle East seem to be merging
00:47:46.920 and we can't let that happen.
00:47:50.220 Tony Lyons.
00:47:51.180 you just saw there
00:47:54.300 Dana Bash knows she can be
00:47:57.580 turfed out by CNN management for one reason
00:47:59.840 if you don't protect
00:48:01.620 the money
00:48:03.000 they are underwritten by Big Pharma
00:48:05.880 they will sit there and lie
00:48:08.100 and obfuscate and spin
00:48:09.920 but baby, particularly this is what I love
00:48:11.740 and Mark Wayne Mullen, take a lesson here from
00:48:13.660 Bobby Kennedy, Bobby Kennedy hit her
00:48:15.800 right theoretically in the chops
00:48:17.580 metaphorically in the chops
00:48:19.720 right at the beginning when he said Tylenol and they freak nothing freaks them out more than the
00:48:24.600 Tylenol oh my god not Tylenol these guys are a huge sponsor you can't say that he had her on her
00:48:30.880 back feet right at the beginning but then you ended by saying uh big ag uh the big food industry
00:48:37.440 big farmer they're criminal organizations what do you mean by that sir it's a pretty big throwdown
00:48:43.220 yeah they're criminal organizations because they are taking steps that poison the american public
00:48:49.540 and they're bribing and they're blackmailing and they're threatening. They control the media.
00:48:55.120 They lie. They censor. They de-platform. They brainwash people. So we've got somebody like
00:49:01.480 Bobby Kennedy, who was a folk hero for 19 years, being vilified by all of these organizations that
00:49:08.680 are paid for by Big Pharma. So he then writes The Real Anthony Fauci, works 16 hours a day,
00:49:14.540 seven days a week. And this is a book that has 2,194 citations and a blurb by a Nobel Prize
00:49:23.200 winning scientist. So this is the real thing. And Big Pharma just goes after him and they unleash
00:49:29.020 the media on him and they unleash their lapdog, Anthony Fauci, on him. And he says, and he tells
00:49:36.240 the American public, Bobby Kennedy's dangerous. So here you have somebody who's doing everything
00:49:41.600 wrong, making every wrong decision, harming children by the millions. And then Dana Bash
00:49:47.380 gets on and says that Bobby Kennedy's comments, Bobby Kennedy's views caused 200,000 deaths.
00:49:54.120 And we know that that isn't true. We're 4% of the world's population and we had 16% of the deaths.
00:50:00.480 We could not have done worse. And we did worse because our goal wasn't to protect American
00:50:06.560 children and American families and the American people, our goal was to maximize profits for
00:50:12.580 these companies. And that's why we had to, you know, censor Bobby Kennedy, de-platform Bobby
00:50:18.200 Kennedy, de-platform his book, keep it out of stores, libraries, best, you know, keep it off
00:50:24.640 bestseller lists. I mean, Dr. Fauci's book, On Call, A Doctor's Journey in Public Service,
00:50:31.000 It was a number one New York Times bestseller. It sold something like one tenth what Bobby Kennedy's book sold. And it was a number seven New York Times bestseller. So in every single way, they keep the truth from the American public and they try to control what we do, what we think, what we put into our bodies and what we read.
00:50:51.460 And this kind of blind faith, this is fascism. This is the ultimate fascism. And what Bobby
00:50:57.420 Kennedy is doing now in Washington is an absolute revolution in health care. He's encouraging
00:51:03.800 dissent. He's changing what millions of Americans eat every day by telling them the truth about meat,
00:51:10.760 about eggs, about whole milk, about the food pyramid, about ultra processed food. So Dr.
00:51:17.300 Fauci presided over health care, where we got to a point where 70 percent of our food is ultra
00:51:24.440 processed food. So think about that for a second. You know, we are eating the least healthy food of
00:51:30.140 any of the 30 industrialized countries. And then we wonder why we're sick. And it's because these
00:51:36.080 criminal organizations have taken over the country. And President Trump brought in Bobby Kennedy to
00:51:44.100 end that real quickly i'm gonna hold you through the break i got some more clips to go through
00:51:49.260 the audience is going to want to see and also your interpretation of them um the the the poll
00:51:55.240 the pollsters and the political class around president trump try to get put the brakes on
00:51:59.740 after the great roosevelt room where president trump is taking the lead from bobby kennedy
00:52:04.440 he's not providing air cover he's like taking the lead they said you can't do this you can't do this
00:52:09.180 you can't you know don't speak about any of this you can't talk about vaccines maha is not that
00:52:13.100 important they're going to turn out anyway which is wrong uh bobby kennedy now the president's
00:52:17.900 sitting there going bobby where's like the autism report where's the vaccine i got it let's get on
00:52:21.860 top of this right we're going to do it do you see a sea change from president trump now backing bobby
00:52:26.500 kennedy's play on this yeah i mean people are starting to recognize people who have a lot of
00:52:32.700 power are starting to recognize that half of the country is on board they're tired of being lied to
00:52:38.640 they're tired of being poisoned and they want a government that's going to protect their children
00:52:42.740 Amen.
00:52:44.020 Amen.
00:52:45.160 Tony, stick around.
00:52:46.460 Will you just hang on?
00:52:48.480 You're going to, we've got some more clips to play from Morning Joe and from the Dana Bash.
00:52:53.740 What was it, Throwdown?
00:52:55.040 Bobby Kennedy was so amazing.
00:52:57.540 Patriot Mobile.
00:52:58.200 I want to thank the team at Patriot Mobile.
00:53:00.360 The show has the last couple weeks, you know, we've been doing a lot of live coverage from the Charlie Kirk trial to everything President Trump's doing.
00:53:07.460 I want to really thank the sponsors that have been so great in letting them and working with us about how we get their sponsorships in.
00:53:16.040 972-PATRIOT, Glenn Story, Jenny Story, two leaders.
00:53:21.080 Christian Company backing your play.
00:53:23.600 I think it gave over $3 million last year to causes, conservative causes.
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