00:00:00.000My dad and our family, excuse me, I wish he would complain more because it's not good.
00:00:09.860The cancer has spread, has metastasized into his bones and further.
00:00:14.720It's very painful and it's very debilitating in many respects, but he's still out there.
00:00:21.720He's still doing his thing that he so believes in this country.
00:00:26.460My dad and our family, excuse me, my dad is to this day and remains the center of our family, not just because of who he is as the public person,
00:00:45.880But completely because of who he is to each one of us, down to his grandchildren and his great-grandchildren, his great-grandchild.
00:01:01.800Whatever you think about his politics or the decisions that he made, I can tell you this.
00:01:05.700He's the best father, the best husband, the best grandfather of anyone that I've ever read about, heard about, or even seen in a movie.
00:01:14.920There will be multiple areas of appeal. But as that sign says right there, can we have the vote
00:01:21.080sign? On November 8th, on November 8th, on November 8th, there's going to have judgment
00:01:30.180on the illegitimate Biden regime and quite frankly, and quite frankly, Nancy Pelosi and
00:01:36.820the entire committee. And we know which way that's going. Either they've already been
00:01:42.460turfed out like liz cheney right or have quit like kinzinger and other the democrats
00:01:49.580or they're about to be beaten like luria and others or they will lose their power and becoming
00:01:55.900a minority and nancy pelosi and and tom's chairman chompson all of it this is a this is a this is
00:02:03.260democracy this is democracy the american people are way in measuring what went on with the justice
00:02:11.340Department and how they comported themselves. They're weighing and measuring that right now,
00:02:16.140and they will vote on November 8th. I want to get to the Biden, the biggest corruption in the
00:02:20.460history of the country, bigger than Watergate, is what they did with Biden to both steal the
00:02:25.180election, put him in office, do a Fed's election on January 6th, and then hide the fact that he
00:02:29.620had dementia. It's the biggest scandal in the history of the nation, and it's right in front
00:02:33.220of us, and we have all the power to do it, and we're running around talking about Hunter Biden's
00:02:37.140cocaine in the White House. It's not relevant. It's a misdirection play. And we're not going
00:02:42.460to be fooled. Hey, we're in the business of not having the left do that. We're certainly
00:02:46.260not going to have the right do that on this, ma'am. It's got to raise up to the level of
00:02:49.620President Trump. Actually, we got a system that the special prosecutor can report to
00:02:53.740President Trump. Let's get on with it. They stole the 2020 election and Biden was an
00:03:00.280illegitimate regime. This is what the system here doesn't want to deal with. The Republican
00:03:05.340Party wants to move on. You know why they want to move on? The amount of complexity and liability
00:03:11.320and all that when you find out that he wasn't legitimately elected president of the United
00:03:15.540States is ginormous. I understand that. We could care less. They get a speaker. They get a speaker.
00:03:20.760They don't. They don't. They blow past the 17th. I guess the illegitimate Biden regime has got to
00:03:24.660shut it down. You know, send a note to somebody who cares because we don't. What we're fighting
00:03:29.580for is our country. It's an illegitimate, phony regime. Not worthy of the American people.
00:03:39.960Not worthy of you. But the only way this gets sorted is you have to have Gates's back. You
00:03:46.820have to have General Perry's back. You have to have Andy Clyde's back. You have to have Matt
00:03:51.320Rosendale's back. You have to have their back. If you have their back, they're unbeatable.
00:03:57.840Trump has come back from the plow like Cincinnati.
00:03:59.860It's like like a mythical character, heroic character from ancient history, from from the Roman Republic to sit called back from retirement to save the Republic.
00:04:08.000Knowing what he knows about everything, he's come back for the second time and it's not competitive.
00:04:15.100And the main thing is the removal of the illegitimate Biden presidency.
00:04:19.920All of the fruits of the poison tree, it all goes back to that.
00:04:24.520Stone elections have catastrophic consequences.
00:04:26.720Because the facts are on our side. Joe Biden never got 15 million votes, more votes than Barack Obama. Impossible. We didn't pick up net 12 House seats when we lost the presidential. Impossible. We didn't win 19 of the 20 bellwethers and lose the presidency. Impossible.
00:04:46.000I bid farewell to Richard M. Nixon. Much of the country is watching now, and many of the people who played an important role in his life have gathered in your Belinda, California, to bid farewell to the 37th president of the United States, who, of course, died last Friday at the age of 81.
00:05:16.000Though I walk through the valley of the shadow of death, I will fear no evil, for thou art with me.
00:05:38.840Thy rod and thy staff, they comfort me.
00:05:41.420Thou preparest a table before me in the presence of mine enemies. Thou anointest my head with oil,
00:05:49.900my cup runneth over. Surely, goodness and mercy shall follow me all the days of my life,
00:05:57.880and I will dwell in the house of the Lord forever.
00:06:04.780Wednesday, 12 August, Year of Our Lord 2026.
00:06:07.840the point of that i hope you can connect the dots we finished with uh president nixon
00:06:15.580and uh of course they said well they it was a state funeral just happened to meet yorba linda
00:06:21.120they buried him and they did the service in the backyard of the little town a little house
00:06:26.340he was raised in by his parents in yorba linda
00:06:29.920his backyard now he says yes it was ambassador crowley it was a state official state funeral
00:06:38.080it was you know he didn't want to come back to the swamp that he hated so much
00:06:41.580he didn't really have a state funeral why oh because of watergate what do we say
00:06:47.520on the morning show what this what this is and now you've got uh what is it uh uh round river
00:06:55.180to protect Biden and the entire group of criminals in that family.
00:07:03.120That Watergate's a third-rate burglary.
00:07:06.400And yet, they got Nixon buried in his backyard.
00:08:13.640And we now know the deep state created him and protected him and foisted him in here, stole the election, and then orchestrated an invasion of the country.0.99
00:08:30.440He cannot allow to have the highest honors we can give a former president, which is a state funeral in the Capitol and lying in state in the rotunda, full military honors.0.94
00:08:42.100a mass or a service at the National Cathedral, in his case, because he's Catholic, St. Matthews,
00:08:49.240or whatever. It cannot happen. No 21 gun salutes, nothing. He cannot be honored. Why? Because he's
00:08:57.840a traitor. Mike McCormick, you followed this closely. You've written books about it. You saw0.99
00:09:03.980the whole thing up close and personal. In fact, I want to give you a hat tip. You actually got me
00:09:08.800thinking about this the other day and i go how did i miss this and and hunter biden's out there
00:09:13.320and look he's torn up because they have a close father-son relationship and he's very upset about
00:09:18.840he says his father's cancer is metastasized the prostate cancer his father's in incredible pain
00:09:23.960and normally when you have prostate cancer so slow devolving evolving thing many times but
00:09:29.100once it metastasized starts to go other places you know traditionally your time is short this
00:09:34.340is why i want to get ahead of this mccormick you kind of put you know you got me thinking about
00:09:39.760this and this is why i want to have you on here your thoughts you saw this up close and personal
00:09:43.680there's joe biden since he was an illegitimate president and we know that now because the prime
00:09:48.680crime address and other things that have come out every day and he was the he was the head
00:09:55.280of the government the illegitimate regime that allowed and had a invasion that had i don't know
00:10:02.46010 million 12 million 13 the official number is 13 people say 10 maybe 20 million illegal alien
00:10:08.200invaders that's tearing the country apart to mass deportation and as jason kilmeyer from the daily
00:10:17.380caller told us yesterday 170 billion dollars was put into a bill to build the logistics chain to
00:10:23.760take care of this mike mccormick your thoughts sir thanks for having me steve um yes i'm
00:10:32.440I did work with Joe Biden. And at the time, I didn't realize how evil he was. Evil was the word.
00:10:37.980And I'll say this at the top. I pray for Joe Biden to fully and publicly confess his crimes
00:10:46.120and sins. It's the only way he gets out of this with a dignity intact, because right now the
00:10:54.340House of Cards, Biden crime family House of Cards is crumbling and it's taking down the Democratic
00:10:59.720Party with it. President Trump has the power as the commander in chief to deny Joe Biden
00:11:06.580a state funeral. He's in charge of the military district of Washington. He can say, we're not
00:11:12.520having a state funeral. Think of all the world leaders that would have to come for a state
00:11:17.400funeral and the security forces that would have to go into that. It's not happening here.
00:11:22.820The Kennedy families, the senators, both senators, they had private funerals at their home
00:11:29.160um cathedrals boston for teddy uh new york for um bobby and president uh kennedy as a catholic
00:11:38.080was um like you said he was uh his funeral was held at saint matthews downtown dc0.98
00:11:44.040joe biden's a catholic he could come down here on amtrak he's got a lot of shits he's done a lot0.96
00:11:50.120of work for amtrak they could put a casket on amtrak hang on hang on hang on i think0.98
00:11:56.140technically, if we can get that CBS article from the other day,
00:12:00.420technically President Kennedy, after he was assassinated, I think St. Matthew's, because
00:12:04.120they had world leaders attend it, I do think it was a state funeral.
00:12:08.000It wasn't held in National Cathedral. National Cathedral is traditionally where Protestants0.79
00:12:15.560church. You can have one in St. Matthew's, and I think President Kennedy
00:12:19.860absolutely wasn't. It was appropriate because he'd just been assassinated0.62
00:12:23.620a couple of days before but on the mccain situation the head of the national cathedral i think this
00:12:30.900was in 2019 was adamant that uh that a state funeral for a president the white house was
00:12:37.440involved and the current president was involved but they had no say so when it came to essentially
00:12:43.180um senators and that's why they gave the full honors to uh to john mccain president trump said
00:12:49.680hey i authorized that and they came back because the trump derangement said oh trump it was not
00:12:54.700relevant for this etc but they reinforced in the article in cbs news did that you're absolutely
00:13:00.840correct that the president the current president the sitting president has the total say so over
00:13:07.520not just the military honors but the whole i mean they they pitch it to either national cathedral
00:13:12.600or saint manthews or whatever but to do a uh to do the full honors of a state funeral and here
00:13:18.580Yes. Because you have to be consistent. If he stole the election and he was illegitimate and he doesn't have a photo up on the wall and everything was by the auto pen and it's all phony, then it's got to be phony all the way through the end.
00:13:31.320And I'm not picking on somebody or picking on the family. This is the standards we have to set if you're illegitimate regime.
00:13:39.780And on top of that, you then allow, right, and actually help organize, which he did, as enfeebled as he was, an invasion of the country that's tearing the country apart today.
00:13:51.700This whole issue about mass deportations.
00:13:54.160We have people on here all the time on the mass deportations.
00:13:58.340Mike, hang on for one second because I want to come back to you.
00:16:25.420you're writing um uh brilliant analysis about this topic all the time i've done enough ranting
00:16:32.800on this and i i look nobody's going to change me to this thing when i look at the evidence of the
00:16:38.220illegitimate regime of everything they put the country through and now knowing about the the
00:16:42.640the auto pen pardons um and the preemptive pardons and now that you know every day uh john uh solomon
00:16:51.640and the task force or bill pulting was there comes out something else some other outrage
00:16:56.220now we know round river which protected him by the deep state it's just it's simple
00:17:01.920illegitimate regime they stole the election he's an illegitimate regime when he was in the office
00:17:07.860illegitimately he orchestrated an invasion of the country of between 10 and 22 million
00:17:15.300illegal aliens asylum seekers migrants whatever you call them and now the nation's being rent
00:17:20.820asunder rent asunder to take care of that problem and folks we're at the top of the first inning on
00:17:28.880that problem i mean jason kilmeyer from the daily car came over yesterday had a brilliant analysis
00:17:33.520he said hey i think this starts the day after the midterm so it's going to go and it's going to tear
00:17:39.060the country apart you can't have it you cannot honor someone like that and you can particularly
00:17:44.660not honor something you're going to do it you do it privately you cannot honor it as the nation
00:17:49.460honors with the state funeral. Mike McCormick, your thoughts. Steve, Joe Biden was a traitor.
00:17:55.900He committed treason against our country. He's not a legitimate president. He's a traitor.0.99
00:18:00.820He's a criminal. I published books about his crimes and his treasons with COVID. They set0.99
00:18:08.520that up starting in 2014. He and Ron Klain and Anthony Fauci started that after the Ebola crisis
00:18:17.200of 2014. That was a long-term program, and Joe Biden profited from it. His family profited from
00:18:25.160it. Hunter, who's out there crying, is profiting from it to this day. They cannot be allowed to
00:18:31.940have a funeral, a state funeral in Washington with our country that we pay for. Citizens,
00:18:40.080our American citizens, our taxpayer dollars would pay for that. Joe Biden can go and have
00:18:45.740a funeral on his own dime in wilmington and invite whoever wants to show up they can run it hey if
00:18:53.960they want to run a train down to dc and put a casket on it and i pray that he's okay but he's
00:18:59.960going downhill his family says so he can confess and make it all right he will not do that i don't
00:19:06.520think i pray he does there's two parts to joe biden there's a human being and there's the
00:19:13.080politician and the politician has taken over and that was allowed to take over our entire country
00:19:19.760and ruin it he put uh anthony he put theodore mccarrick and pope francis to work for his agenda
00:19:31.120they gave so much money to the catholic church to import illegal immigrants and cocaine and
00:19:39.220drug smuggling with the cartels during his presidency it's a crime a pile of crimes we
00:19:46.340can't have a funeral a state funeral with marching with flags with caissons none of that for that guy
00:19:53.180that family has the 21 gun salute to how that the howards has gone off so you agree with me
00:19:59.040correct there's there's no there's it's cut and dry for you since you saw it up close and personal
00:20:04.980Yes. And I think the politics of it, because he's such a long-time Washington fixture, they'll wiggle out a side deal. But there is no state funeral. Flag's not at half-mast. The president makes that call. None of that. This is a traitor. He committed treason against us. So much suffering came out of the COVID shutdowns and the COVID pandemic. He has to be called out for that publicly.
00:20:34.980And so does the Democratic Party as a whole. Look, there's two sides of the Democratic Party. There's a Biden faction. Who shows up for Biden in the Democratic Party if this happens? Who shows up? And then there's – Trump doesn't have a beef with Clinton. The beef is specifically against Joe Biden.
00:20:52.940and that has to be publicly named and shamed in this process it's sad that he's it's coming to
00:21:00.700this he can get out of it if he fully confesses publicly and honestly but we'll you know we'll
00:21:07.700see if he's capable if he confessed even if even if he confessed even if he confessed i don't think
00:21:13.020that absolve him from particularly the invasion into the country that we still have to deal with
00:21:18.340Mike, where do people go? I want to get access to your books, particularly your substack, your Twitter, all of it, so people can make it a steady part of their media diet. Where do they go?
00:21:29.400uh the sub stack is midnight in the laptop of good and evil my uh twitter is at joe unauthorized
00:21:38.600but everything is on my website author mike mccormick.com author mike mccormick.com you
00:21:46.780can sign up for the sub stack you can see my books the book i have about joe biden infecting
00:21:52.980the world infecting the catholic church and setting up the wuhan plandemic is an almost
00:21:58.120insurmountable evil and the evidence that i've gathered about uh his crimes in ukraine is a case0.93
00:22:05.600to impeach and imprison joe biden and if the grand jury if they ever want to put me in front
00:22:11.660of a grand jury i will get indictments i guarantee that they just have to put me
00:22:15.820round river round river backs up everything you said we got to bounce uh by the way i love
00:22:25.180the name of your sub stack and also people with mccarrick this is the whole vatican chinese
00:22:32.440communist party deal that's still secret we still don't know what the details are i mean we know
00:22:36.980they turned over the all the great bishops you know and cardinal zen fought it and all the good
00:22:42.100guys fought it secret deal that's all biden and mccarrick that whole crowd mike mccormick thank
00:22:46.840you very much brother i want people to get up to speed particularly today as over the next couple
00:22:51.640weeks as mccormick says if they put him in front of a grand jury indictments were becoming hello
00:22:57.280team down in south florida his name is mike mccormick he's currently available
00:23:02.780as they say in the entertainment industry okay um we're jam-packed i got a very special guest
00:23:08.680i got a cold open for this very special guest let's go ahead and play it protecting our children
00:23:13.080what could be more important but some politicians extreme policies have failed to protect our
00:23:18.820children violating our trust it's time for voters to act by passing three specific new laws
00:23:25.240it's time to protect our children from child sex trafficking with a citizen initiative to ensure
00:23:32.380perpetrators never have a second chance to brutalize another child our ballot measure sets
00:23:37.880a penalty of life in prison without parole for anyone who buys or sells a minor child for sex
00:23:45.600It's time to protect girls in sports from bigger and stronger males with a citizen initiative
00:29:13.460It's totally free. There's no pressure, no BS, just straightforward, honest help from fellow patriots.
00:29:20.360So don't wait. Call 845-WAR-ROOM right now. That's 845-WAR-ROOM. Tell them Bannon sent you.
00:29:27.160Now listen, in the first couple of days of the launch of this company with the War and Posse,
00:29:31.620Posse members saved tens and up to hundreds of thousands collectively of dollars in these fees.
00:29:38.600Go check it out today. That's chapter. Call 845-WAR-ROOM. Do it today.
00:29:44.720War Room. Here's your host, Stephen K. Bannon.
00:29:50.360Aaron, I want to go back in time. Like five years ago, you said you were a Democrat. You had never thought about this. I take it you were not a very political person, but how did that happen? All of a sudden, you see what's going on.
00:30:06.020walk me through your awakening because it sounds like a nightmare and i want people to understand
00:30:10.920that this is far from over people think since president trump came in that we've solved dei
00:30:15.700we saw this transgender we've had the top organizations in the country and i keep telling
00:30:20.140people not only is this not over it's coming back it's right there because they're so dug in on this1.00
00:30:27.360ideology and of course for 99 of the people it's like i don't get it i don't understand how people
00:30:32.920could buy into this so much. But you've seen it as it came close to destroying you and your family,
00:30:39.140ma'am. Yeah, gender ideology is alive and well, especially here in the blue states like Colorado.1.00
00:30:45.520I was very politically disengaged. I was kind of a sleepwalking parent. I watched mainstream media0.79
00:30:51.320and believed what they were feeding me. And then it was personal. We watched it destroy our child.
00:30:57.180And it was when we went public, when we told our story, and then it went super viral. And I was
00:31:01.760on Fox News and didn't even know who Tucker Carlson or Glenn Beck were, but I was suddenly
00:31:05.740on their shows. And I learned how pervasive the issue is that there are thousands and thousands
00:31:11.320of families in this country, especially here in these blue states who have been affected by this,
00:31:16.160who have had their kids lied to, secretly transitioned, sexualized in the classroom.
00:31:21.620It's happening in all 50 states. It's happening to so many children. And until you get punched
00:31:27.100in the face with it like I did, it's very easy to be apathetic and willfully ignorant about what's0.98
00:31:31.980actually happening. But I've had the misfortune of really digging into just how serious this issue
00:31:37.520is, how pervasive it is, how many people it has affected. And I made a decision to speak up and
00:31:44.360be a voice for so many people who are afraid to talk about this because it's not even a left
00:31:49.400versus right issue, Steve. It's a right versus wrong issue. We shouldn't be sexualizing kids,
00:31:54.840keeping secrets from parents, pushing these lies that you can be born in the wrong body and need
00:32:00.120to medicalize to fix yourself. It's evil. And it certainly woke us up as a family and energized us
00:32:07.440to stand up for others. Talk to me about the Supreme Court pan-bonditating the case. Why did
00:32:14.560the court take it, not accept it? And why do you say Alito's giving you a glimpse of hope that
00:32:20.380maybe you take another shot. Why did they not, why did they not take the case up to here?
00:32:26.860You know, I think this is such a gray area, parental rights. I like to say that our founding
00:32:31.860fathers are rolling in their grave, thinking that they didn't more explicitly state parents have a
00:32:36.640right to parent, to not be lied to, to not have our kids mess with behind our back. But it is an
00:32:42.680unprecedented territory in the courts. And so it's very hard to get attorneys to touch these secret
00:32:47.940school transition cases or cases against a municipality because of the Minnell standard.
00:32:53.740And that was the reason our case was thrown out in the 10th circuit. We were going against
00:32:57.620a municipality. They claimed that we didn't have, you know, we actually did have standing,
00:33:02.040but they claimed the Minnell standard. And so across the country, there's been dozens of these
00:33:06.520cases. None of them have had a favorable outcome. I believe there are now seven that have reached
00:33:12.000the Supreme Court. Mine was the first to be denied cert petition, but it's just like the lower
00:33:17.200courts are taking the off-ramp, and it's going to have to be the Supreme Court eventually taking
00:33:21.920one of these cases and setting a precedent for what is apparent. Do we have a right to know
00:33:27.420what's happening with our kids and control the care, custody, and upbringing of our own children?0.96
00:33:32.860So we were the only case to get a statement in our cert denial from the Supreme Court that Elitist,
00:33:38.240Thomas, and Gorsuch signed on to that said, this is troubling and tragic. This shouldn't have
00:33:43.380happened. The lower courts need to handle this, but they again took the off-ramp and have not
00:33:49.440made the decision yet to set a precedent on this issue. Aaron, you've gone now, you're going to do
00:33:57.360citizens, I guess, we're going to vote in November on these three different issues you've put before
00:34:04.520the citizens of Colorado. What do you hope to accomplish? I take it was too hard to try to get
00:34:09.340this through these very blue legislatures. So you're taking it to the people. What do you hope
00:34:14.960to accomplish? Yeah, we tried for five years to run these three issues as laws. Every time the
00:34:20.920Democrats unilaterally voted them down on a party line, penalties for child sex traffickers, just
00:34:26.720designating sports, male, female, and co-ed for these to protect these girls and stopping
00:34:31.780irreversible sex change surgeries on minor children. These are such widely agreed upon,
00:34:37.800you know, 80-20 at worst issues, but our legislature refused to act. And we did something
00:34:43.880totally unprecedented here in Colorado. With Protect Kids, we raised an army of over 3,300
00:34:49.760volunteers to carry these petitions to get over half a million signatures. It's never been done
00:34:55.840before to put this before voters and allow them to have a say on, again, these very common sense,
00:35:02.120nonpartisan issues. We would be the first blue state to pass these, the first to do it by the
00:35:08.040will of the people, and the only ones to do it with an all-volunteer army. This is arguably the
00:35:14.360most consequential issue on the ballot here in November in Colorado. We think it's going to have
00:35:19.740a tremendous down-ballot effect for our four contentious congressional seats that we need to
00:35:25.280on a national level. So this is a really big deal that so many Coloradans from every walk of life
00:35:32.420came together and worked together to put these on the ballot so that we, the people, can actually
00:35:37.680protect kids when our legislature refuses to. What is jaw-dropping is that they're so basic
00:35:44.800and so common sense and they're 80-20. It's like people have to go to this effort to do it. I mean,
00:35:49.480it's unbelievable. Also, just before I let you go, because all kinds of consternation, people
00:35:54.160We're putting out manifestos and all this stuff, and I keep saying we've got to focus on November.
00:35:58.820We have to focus on – given even if you're against the war or whatever, you're not happy with some of the policies of President Trump, we have to hold the House and hopefully hold the Senate.
00:36:08.080But you just said it right there about those four seats you're trying to hold and or win in Colorado.
00:36:14.540How important is it – because I believe what you're doing in Colorado is one of the most important things in the nation, these citizens' initiative.
00:36:21.240But how important overall for the macro, now that you're engaged in politics, is us to hold the house?
00:36:27.100Because the world will change dramatically if we don't do it, ma'am.
00:36:30.580Yeah, these four seats, Gabe Evans, CD8 in particular, Lauren Bober, Jeff Crank, Jeff Hurd, these are very important seats, not just for Colorado, but for the entire country.
00:36:40.740You know, it's been said that they're the top three most important seats we need to hold.
00:36:44.860And I really do believe that, you know, if we lose the house, everything will be reversed.
00:36:49.460all of the good progress that we've made, especially on these issues of fighting to
00:36:54.220protect kids and against gender ideology that will be backtracked. So I do believe these are
00:36:59.980four of the most important seats in the country and that these ballot measures are now going to
00:37:04.680drive people who otherwise wouldn't have voted for people. They will show up to vote for these
00:37:09.500issues. And while they're there, they'll vote for the candidates who support what we're doing,
00:37:13.720who support common sense child protection.
00:37:16.980So we've got to hold the line on these seats.
00:37:19.640We cannot afford to lose any of them in November.
00:38:39.640After markets closed, I really appreciate you coming on.
00:38:42.780We had the inflation report, but I got to mention first, because we've got about five minutes here, and I'm holding you through the break to the next segment.
00:38:49.720CBO came out, I think, yesterday and said, oh, by the way, there's another $200 billion of spending.
00:38:57.960And now the deficit for this year, because they had $1.4 trillion as of, I think, the first six months of the fiscal year, right?
00:39:09.420So the second they were projecting, and I said, hey, we said at the beginning it was going to be $2 trillion, not $1.6 or $1.8.
00:39:16.200CBO has come out and said, oh, yeah, upon further review, it's going to be $2.1.
00:40:39.280As you say, this is just baked in at this point.
00:40:42.100Washington has ultimately built a government that spends trillions of dollars more than we bring in every year, even when the economy is supposedly doing fine.
00:40:51.880That is obviously unsustainable. And the problem is it starts to snowball.
00:40:57.020The bigger the deficit, the bigger debt service, which increases deficits.
00:41:01.820It limits our ability to grow the economy. And it's an absolute disaster.
00:41:05.800You said we may be heading to the point of no return. My concern is we're already there.
00:41:11.660What's becoming more and more apparent, we cannot curb spending.
00:41:17.080They're talking about another continuing resolution.
00:41:35.820It's a CR that still has Biden Pelosi's pandemic-level spending.
00:41:41.660This is the point where still it's pandemic level, spending levels, hasn't been cut significantly, and they've tried all these kind of abilities to do it, but the Senate hasn't wanted to consider it.
00:41:55.360The House doesn't want to consider it.
00:41:57.420Not just that, do we have the CR that they're going to kick the can down the road, and we're going to get an omnibus by next year, which would still be the spending levels.
00:42:05.060philip they're talking about to entice us on the save america act have elements of it attach it to
00:42:13.400a reconciliation where the reconciliations got an additional couple hundred billion dollars of
00:42:18.680additional spending for for war spending and also for all types of social programs
00:42:24.000it's it's literally the capital the nation's capital is insane about this it it makes no
00:42:34.220mathematical sense whatsoever in fact we have philip i'm gonna hold you the break we have a
00:42:39.260long history of uh what is it the the great economist at harvard wrote that book this time
00:42:46.380it's totally different he went through every nation on earth that you could go through from
00:42:52.860time immemorial that when it's uh its debt got higher than its gp gdp that everybody said well
00:42:59.700we're doing for a special reason this is different this is going to be fine it's going to work out
00:43:02.960fine. It never worked out fine. On every time, it ends up with financial collapse. And this is why
00:43:11.000the BRICS nations, many of whom are enemies of the United States, but a couple are not,
00:43:17.380are sitting there saying, hey, look, they take out the HP-12 calculator and say, look,
00:43:21.740we see what the US is doing, and we got to do something different. And this is why you got the
00:43:26.700BRICS nation, the pressure on the dollar. Philip Patrick is with us. Take your phone out, text
00:43:34.760You get the ultimate guide for investing in gold and precious metals.
00:43:39.180He's going to tell us all about it after a short commercial break.
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00:44:58.500advantage of this today war room here's your host stephen k man i got a limited time with philip i
00:45:07.660want to get to inflation philip we talk about having a national referendum one of the things
00:45:12.840at the end of the dollar empire go to birchgold.com slash bandit end of the dollar empire put your
00:45:18.260name on the list. You want to backorder the hard copy, which has got seven free installments. We
00:45:22.860have eight free installments up, a ninth that's coming. You will learn so much. It's taught now
00:45:28.160in graduate schools. And don't think it's because it's accessible. I said, hey, we should have a
00:45:34.400national referendum. We should have a discussion, a national discussion about whether we want to be
00:45:37.900the prime reserve currency, because there are tremendous benefits of being the prime reserve
00:45:42.920currency there's also big obligations and you might think hey to defend the petrodollar maybe
00:45:50.020this is why we got carrier battle groups in the north arabian sea and propping that mess up over
00:45:56.140there and you might say this is why we're doing interventions in the japanese for the japanese0.92
00:46:01.340yen it ain't because there are allies against the ccp yes that's all very important and we love them
00:46:06.740and president trump's got a great relationship and you know there are allies in east asia
00:46:11.120but it's to protect the trade they own 1.2 trillion dollars of treasuries and we can't
00:46:17.620have them selling it to support the yen is that is that anywhere close or are these actions you
00:46:24.460see either militarily geo strategically geo economically capital markets do you think a lot
00:46:29.980of this is to defend the dollar and other things that then then what traditionally guys like scott
00:46:35.160Besant do to defend the dollar at the Treasury, sir? Without question, yeah. I mean, obviously,
00:46:41.580Japan are our allies, but we did it in order to prevent the Japanese selling off US debt.
00:46:48.620They were in a pinch. We knew that was what was going to happen, and it's why we did it. It's the
00:46:53.560same reason we did currency swap lines, I think, with the UAE earlier this year. It was to prevent
00:46:59.340them selling off US debt. By the way, I've said it many times, Scott Besson is doing an incredible
00:47:05.880job. This is the biggest balancing act in history. Not only is he encouraging, finding ways to
00:47:12.900encourage nations to hold on to our debt, he's also shuffling a ton of debt to the short end,
00:47:18.940as we've discussed borrowing rates for long term debt, very high and unattractive for investors
00:47:25.240today. He's shifting everything to the shorter term. But everything that's happening around the
00:47:30.120world is that, right? Look at the Iranians. Why are they attacking our allies in the Middle East?1.00
00:47:35.340They want to put that security guarantee in question and make those countries think twice0.89
00:47:39.860about selling oil in US dollars. I've mentioned it many times on the show, but it was General
00:47:45.820or Admiral Mullen in 2010 said the national debt will be our biggest national security threat.
00:47:51.960And it is playing out in front of us today. So you are absolutely correct. And Besson, given what he has inherited, the job that he's doing, the way he's seeding it and balancing is absolutely incredible.
00:48:06.600But I can't think of a Treasury secretary in recent history or in history that had a tougher balancing act than Besson.
00:48:14.920this is why i want guys by the way mullen was chief naval operation i think on the he was on
00:48:21.020the joint chiefs and he says hey the national debt is going to be by far the biggest national
00:48:26.200security issue we have if if if people can't impact policy right particularly at this high
00:48:33.140level high finance world capital markets guys like scott best and one of the smartest traders
00:48:38.200in the world at the highest levels is just too much for people what do they do personally what
00:48:43.460do they do to prepare? What do you do to get ahead of this, sir? It's a great question. I think we've
00:48:48.680all got to be politically active. And that's why people come to the war room. And you've just done
00:48:54.520incredibly, incredibly good things there. But we are limited. And this is a problem that as
00:48:59.580individuals, we only have so much control over. So I think ultimately, we've got to scale it down
00:49:05.360and think about ourselves and our families and how to protect wealth through climates like this.
00:49:10.800Listen, central banks around the world have been buying gold in record quantities since really 22, since Biden's weaponization of the dollar against Russia.
00:49:21.100And they buy for very specific reasons, right?
00:49:24.180In terms of currency, the dollar is still the best currency on the planet, right?
00:49:29.080But central banks are looking for alternatives because they want something with more stability.
00:53:00.020As President Trump continues to fight for this great country, one of his most important actions could soon impact the wealth of millions of hardworking Americans like you.
00:53:10.460Of course, you won't hear about this in the mainstream media or on the nightly news.
00:53:15.620They'll never admit Trump was right about anything.
00:53:18.980But according to my dear friend and frequent war room guest, Jim Rickards, President Trump has a plan that could unlock an estimated $2.7 trillion in American resources.
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