WarRoom Battleground EP 256： Asset For Them, Liability For You
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Summary
On the 20th anniversary of the beginning of the invasion of Iraq, we remember the heroes of the fallen, the fallen soldiers, the families, and the families of fallen heroes. Captain Sean K. Bannon, Chief of Staff to the Joint Improvised Explosive Device Defeat Organization (JIEDDO) at West Point, talks about the events that took place on the night of March 20th, 2003, the night that changed the world.
Transcript
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this is what you're fighting for i mean every day you're out there what they're doing is blowing
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people off if you continue to look the other way and shut up then the oppressors the
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authoritarians get total control and total power because this is just like in arizona this is just
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like in georgia it's another element that backs them into a quarter and shows their lies and
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misrepresentations that's why this audience is going to have to get engaged as we've told you
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this is the fight all this nonsense all this spin they can't handle the truth war room battleground
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here's your host stephen k bannon what you have now is you have two converging crises a crisis of
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capital markets and economics and a crisis of geopolitical and military and they're converging
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very rapidly and then they're going to conflate and once they conflate they're going to spin out of
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okay i want to continue to play that i want to play it as b-roll we have producers actually
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producers that were not born when that when that happened it's unbelievable the shock and awe
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mo as you look back in your your academy class of 10 you guys went and served
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uh under it was president obama i think at the uh even before his second term um
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tell us what's the general impression of of the army veterans and people you know i know you don't
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speak for the army overall but people you know about uh basically our time in iraq what what are
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their what are what are their takeaways from from people when they sit there and they look at the
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time in iraq right there for everybody on the podcast or on radio this is why you've got to
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get the show and go back and see the clips this footage is absolutely unbelievable it's not shown
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very often and really we had very little commemoration over the weekend captain bannon your thoughts and
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observations you know people believe that when we went over there we went to complete a mission and
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the guidance that we were given and we withdrew we were in iraq from 2003 shock and awe actually started
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the night of march 19th with the air which is what we're seeing right now as b-roll and then the
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ground game started on march 20th so we went from march 2003 until december 2011 and with that
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withdrawal we have now gone back into iraq you know what what we thought we were handing over did not
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stay the way we thought it was going to be and you have veterans you know the question just like we did
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with this boss withdrawal out of afghanistan you have veterans questioning what what they went over
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there to do and you lost thousands of people in iraq and it makes veterans question did we did we go over
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there and do what we were meant to do like did we complete the mission and was it worth it so you have
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a lot of veterans questioning that and then you have some veterans that that believe that we did
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go the mission that we were told we were going to complete we did complete
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um i remember when you were over there and you were going to be over there for a lot longer at the
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time and then i gotta tell you this footage is unbelievable i haven't i have not watched the
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shock and awe for a while but just keep replaying that on b-roll it's insane people have to see this
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this was the air attack and in the the the misimpression that the leaders had is that
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chaining these guys is that this was going to basically win the war they had no concept
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no contract in fact uh bill crystal today is uh is you know sent back some tweet on some on footage
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that michael and delamont today um about when i called uh ron de santis a weasel you had crystal
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these people have blood on their hands they'll never wash off impossible to wash off
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the lies and misrepresentations and what they did to basically talk this country into war is is
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disgraceful absolutely disgrace worse than vietnam worse than vietnam go ahead mo 100 and i don't know
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if you remember on may 1st 2003 at the time president george w bush said gave that speech the mission
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accomplished accomplished speech and said that combat operations were complete in iraq which is not the
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case they continued on for years then we withdrew out of iraq we were back in iraq and we are not
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giving adequate health care to the veterans that we sent over multiple deployments to this country
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and what we were told we were going over there to fight for as you said and we all know to be true
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that we were missed we were told lies we were misrepresented what we're going over there for
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and then now we've sent numerous people over there deployment after deployment after deployment and use
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them until they can't be used anymore and then thrown them out like yesterday's garbage so we need to
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take care of the veterans that we sent into iraq in 2003 through 2011 and those veterans from afghanistan as
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well there's still 5 500 combat troops in or i should say combat and support troops i guess to
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be technically correct just like there's thousands up in syria this is one of the things of the america
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first movement want all those to come home uh richard engel uh in fact let's go ahead and play we have the
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richard engel piece this is when we get to wall second you have a major geopolitical meeting happening in
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uh in um uh in russia right with with putin and she the the mullahs in persia in tehran
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i've already partnered with the russians and now the chinese and and as richard engel is going to tell
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you here on nbc essentially the country we fought for who are doing deals now with the chinese and
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iraq's also going to do a big output deal with them and take that in chinese uh currency not petrodollars
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to get off the u.s currency uh their control most of their politics is controlled by iran
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so all those lives all that treasure everything and the same people that all the bush hacks are
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up on msmc they want to come back and talk to us bill crystal they should just leave leave the stage
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you're despised you're detested by people hate you they hate you because of the lies you told
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to this nation and really with lies got us into a war of choice right a war of choice that we never
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should have gotten into it's absolutely a disgrace everything about iraq let's go and play the richard
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engel piece for a couple of minutes and then we'll cut in i want to put it up on our site gallup poll
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released today show the majority of iraqis still feel negative emotions like pain stress and worry
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on a daily basis 20 years after the start of the war but there is hope more iraqis said they believe
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their living standards are getting better in 2022 and for the first time in years the nation didn't
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lead the world in negative experiences nbc's chief foreign correspondent richard engel is in baghdad
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with the latest from the ground richard it's hard to believe that this is what baghdad looks like
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today people are back out onto the streets this is called mutanembi street it's the old book market
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and for many years people didn't just not come here they didn't go out of their homes at all there
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were so many car bombings so many kidnappings such an intense insurgency that people were afraid now
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the city is much much safer the entire country is much safer and people are starting to embrace their
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country embrace a new life people here told me they're optimistic now this this hasn't been an easy
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journey for iraqis uh when the u.s invaded 20 years ago this weekend iraqis were initially very
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happy they were happy to be rid of saddam hussein not everybody but the vast majority happy to be able
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to express themselves happy to be able to pursue new lives new new dreams but quickly iraqis realized
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that it was not going to be easy and that tensions that have been building up between the different
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religious communities here sundis and she has started exploding out and a civil war broke out
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a civil war that was devastating a civil war that american troops caused inadvertently and also found
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themselves in the middle of now that civil war is over american troops have gone there is no american
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military presence here just some troops that mostly uh guard the u.s embassy but you don't see troops
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around you just see iraqis around and people here are hopeful that they can start a new page but
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they have let's let's uh we're gonna try to play that in its entirety up on i'm gonna put it up on
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getter um 20 years afterwards after all the death all the destruction all that was no weapons of mass destruction
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everything you were told was a lie uh after all the seven trillion dollars think about this for a second
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think of what the united states would be with seven trillion dollars spent here in in st louis and
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in detroit and in arizona and colorado we just took seven trillion dollars and spent it here to make our
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cities better to make our manufacturing base better to make our airports our infrastructure seven
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trillion dollars you spent seven trillion dollars in in iraq and lost thousands and thousands and thousands
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thousands of dead thousands uh wounded some of the most horrific injuries i remember most some of
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the kids in your class some of the most horrific injuries will never recover and then the psychological
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damage right with what the 20 the 20 uh the 20 suicides a day and all the ptsd just absolutely
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a great tragedy and here's the thing the people that foisted this on the country because it was foisted
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i i remember at the time all this about weapons of mass destruction everything they said about going
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into iraq was a lie we didn't go into iraq nobody signed up to go to iraq to bring democracy to the
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iraqis that that was never the deal they later they know the blue fingers and all that that was all bush
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trying to bail themselves out of dick cheney's lies in bush's lies in the pbc on msnbc all the trump
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haters all the never trumpers remember the core thing it comes through is at the reagan library
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uh with you know that magnificent uh drop and in south carolina uh donald trump lit up jeb bush
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about these uh about these wars and the in the in the audience response was fantastic because the
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audience it's their sons and daughters going into these foreign battlefields to be injured or to die
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they had a belly full of it and and that's one of the biggest dividing lines that's why nikki haley
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and tim scott and all these people can't get any traction because they're still neocons and people
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have had it with the neocons it doesn't work and they're not we're not going to do it again
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these endless forever wars particularly these endless forever wars in the middle east it's
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time to bring them home from syria it's time and by the way that's not quite true there's more than
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embassy protection personnel we have 5500 i think combat troops and support groups and special
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operators in iraq and here's the thing one of our mortal enemies persia the iranians control the
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country richard engler goes on and says hey the politics are really controlled by persia in fact
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they've they've got a huge billboard up in the center of town to soleimany the the guy we took out
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who was essentially uh an operative of the iranians the iranians who are now a partner of the chinese
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communist party direct partner hard hardwired partner and russia supplying military equipment uh
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mo um you went in 10 i just want to go to about getting yeah go ahead hon i was just gonna say and you
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know i'm talking too much here am i talking too much here you can just tell me to shut up dad you
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shut up and you notice the people that continue to vote for endless wars like you said it's not their
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sons and daughters it's not their grandchildren they don't care about sending us back over and
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over and over again because it's not their children their children get to go home on thanksgiving and
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christmas get to go spend family holidays with them it's not their children that are going over there
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and at risk of dying and them coming home in a you know in a casket and having to be to be buried
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you know potentially in arlington national cemetery they don't know what it's like and many families in
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this country do and that's why they continue to vote for these endless wars because they've never had
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to live that they can keep it at arm's length the american people most of them know what it feels like
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to have a family member go off to a foreign battlefield and not know day by day if they
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over the weekend given his happy talk on ukraine a guy he's never been overseas never served in the
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military never done anything except uh you know hang with his father who is chief of staff for bush
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basically gave the chinese communist party to reinforce their rule in china after tiananman square when
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the bush uh regime 41 the first bush regime uh sat there and or bush junta as i call it and gave the
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country you know took down lady liberty uh didn't support the protesters but supported the chinese
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communist party and and he has no you know he he's got some happy talk in iraq on ukraine we got to be in
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there you know he's he's one step away from saying we need full combat troops um last thing by the way i know
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when you had your first command and did that all your ncos i think the average was 10 or 11 deployments
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these nc's non-commissioned officers that were career army uh army through and through majority of whom
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were minorities that they had done 10 11 12 combat tours i mean mo how do you keep a personal life how do you
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keep a family life together when you're doing these multiple tours between iraq and afghanistan ma'am
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you you don't you honestly that's why the divorce rate is higher in the military than it is you know
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in the civilian world you you don't by the time you get home you end up home for a few months a year and
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then you go back over again and most in the military you pcs or change duty stations so you could go
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deploy like i deployed out of fort campbell and then move to another duty station and they could be on the
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patch chart to deploy again so yes there were many many ncos that worked for me when i was in command
00:20:00.540
that had multiple deployments and a lot of them are divorced at least one possibly two divorces and
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it's hard a lot of kids grow up not knowing their parents that are serving in the military because they
00:20:12.400
were constantly gone i remember too i don't know if they get there we've gotten to it yet the uh the uh
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you're sitting on saddam hussein's uh throne uh with your with your way there it is right there with
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your weapon i want to see this because richard engel right there richard engel engel uh has today at
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the end of the report he talks about that i think the very palace you were in has been turned into the
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american university of iraq today it's actually a college so a long way from 2000 um 2000 was a two that
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was 2012 2011 2012 i remember they pulled you guys out when was it 2000 november december 2012
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i i deployed april 30th of 2011 and i came home boots on ground at fort campbell november 8th of 2011
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and that was only only because if we had stayed past december because of the agreement that was made
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by president um george w bush had we stayed past december into january of 2012 we would have been
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charged as war uh war criminals biden was in charge of that negotiation to extend it and uh
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didn't get it extended and so obama pulled the plug you guys were back i remember everything was
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pulled out you guys were back what six months early but more importantly from the time you first got the
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order everything everything came out right away okay thank you uh very much to uh for this on the
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20th anniversary of the invasion remember um as mo said uh baghdad fell i think within three or four
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weeks right the the they couldn't obviously couldn't put up with the modern combined arms operation of the
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american military but uh but we were there for years and years and years it was 22 days after after
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the initial shock and awe 22 days back dad fell 20 22 days and then we barely held it for another what
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12 10 years 12 years unbelievable the dead the wounded the ptsd the money wasted the treasure wasted
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they haven't learned it's the same crowd pushing ukraine the exact same crowd they haven't changed
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whatsoever the forever war crowd and we're america first we're going to stop them it's not acceptable
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we're not isolationists america first is far from isolationist we want to take down the ccp
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far from isolationist but you cannot have these forever wars you get into these combat situations
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you just continue to pour men material and uh and cash in there it's uh incredible the blood and
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treasure of the nation captain bannon how do people get to you maybe they'll see these photographs we'll
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have up how do they get to you uh how they get to you um uh later what are your coordinates
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they can follow me on getter and twitter at maureen underscore bannon and i also come in
00:22:59.220
very hot on the gram at real maureen bannon are you guys doing royce white's show later tonight you
00:23:07.240
want to stream that and have some commentary we will be streaming royce white's podcast tonight at 10
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p.m eastern time okay i'm doing a very special engagement on royce white's podcast tomorrow night
00:23:21.780
we're going to talk capital market what's going on throughout the world financial system so mo thank you
00:23:26.520
very much one of the savage angels thank you very much for joining us thank you for having me on
00:23:31.120
let's go ahead and play i'm gonna bring dave walsh in uh this because we're going to talk to dave
00:23:36.940
walsh about the underpinnings of the world economy which is energy can i play again
00:23:40.520
it's shocking all can you just go back go back to the beginning let's play that shock and all for a second
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during the the gulf war as a defense saddam hussein had actually burned the oil fields right he had
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set the oil fields on firehead those incredible films that were made of what he was doing the
00:24:34.660
ecological disaster uh since we took the country over in 22 days to now hear that the iraqis are
00:24:42.000
doing massive output deals with the chinese communist party and they're going to do exactly
00:24:45.360
what the persians are doing exactly what the saudis are doing they're going to do these output deals
00:24:50.100
and take it in chinese currency uh did we really did did did was this worth it at all not just the
00:24:57.100
blood and treasure but from a geopolitical and from a really an energy the geopolitics of energy was
00:25:02.980
this was that was the invasion and our being there for what uh 15 years worth it or still there i
00:25:09.840
guess still there after 20 years worth it now from an energy perspective we certainly didn't
00:25:15.280
come out of that with an energy ally to the point you just raised of the the east beginning to coalesce
00:25:21.360
iran the kingdom of saudi arabia of course russia around the chinese core to go ahead and shift
00:25:29.100
exportation away from those who don't appear to want oil to those who do and that's china to grow
00:25:35.640
their economy you mentioned a couple days ago i mean the monetary impact of this the uh dependence
00:25:41.340
on china now of russia is about a 48 billion funds transfer of value of exportation from russia now to
00:25:49.460
china in in crude oil the uh reduction of china's prior dependence on us to some degree for some degree
00:25:56.740
of their petroleum which is now over was about 17.1 billion and we're 48 billion a year in hard
00:26:04.260
currency transfers to china of oil from here so now they're calling us with russia new pol russia
00:26:09.660
saudi iran together um no the the the warfare did nothing for us in terms of energy independence nor
00:26:17.760
creating any long-term allegiance with the iraqis certainly not the iranians so tremendous loss
00:26:23.980
it's unbelievable and incredible just incredible dave hang on for a second we got a lot more to talk
00:26:32.140
about while uh the world's financial system melted down today and it was only saved because of a
00:26:38.580
massive infusion of your cash from the federal reserve either in swap lines or directly at the
00:26:44.580
discount window where the banks are drawing it down every second uh in the five-hour meeting in
00:26:50.260
in moscow between she and putin the kgb and the ccp the white house had ted lasso had a comedian
00:26:56.080
there in the white house in the in the briefing room be back with dave walsh in a moment
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yeah right you're right you're here for me refer me no no no no no no that's not we're not doing
00:31:56.860
this we're not doing this we're not doing this we're not doing this we're not doing this
00:32:00.160
you've been dissimulating against me and dissimulating against some people in the briefing
00:32:06.040
and i'm saying that this is the u.s. this is not china this is not russia
00:32:13.320
what you are doing you are making a monthly of the first americans
00:32:23.060
a lot of times welcome guys welcome welcome to the press briefing room
00:32:48.680
okay while many while many folks here in u.s. are focused on march madness
00:32:54.140
so like no matter who you are no matter where you live no matter uh who you voted for we all
00:33:02.180
this is not these are not serious people you got the financial system in the united states melting
00:33:07.820
down the only reason you have any stability whatsoever in the last couple of days is you're
00:33:14.100
fiat money just printed at the federal reserve that's what they're that's where
00:33:17.780
they're they're doing the discount window 186 billion dollars on thursday and friday
00:33:22.440
more today i think it was fanny may or the other the the one that does mortgage-backed securities
00:33:27.220
i can see the 300 billion dollars into them today
00:33:29.260
okay and they've opened the swap windows for the whole world for the bank of japan the bank of switzerland
00:33:34.100
as they're nationalizing essentially nationalizing their banking systems
00:33:38.560
they call them shotgun mergers and all this crap
00:33:40.900
over in switzerland the the the the the creme de la creme of global banking
00:33:46.140
they literally took the rule book and threw it out this weekend
00:33:49.320
no shareholder vote i mean they they talk about laws and you know um
00:33:54.000
the international rules-based order these are the rules of the most sophisticated
00:33:58.320
investors in the world got jammed this weekend in switzerland
00:34:02.360
just took the thing out and just zeroed out the bonds
00:34:05.740
were senior to the equity gave the equity a tip
00:34:08.700
so they go away didn't allow any shareholder vote just literally rewrote the law
00:34:12.880
rewrote the law on sunday to make it happen there are no rules anymore the only rule is the federal
00:34:19.040
reserve is going to continue to print money that is a asset to them but a liability to you
00:34:24.100
why is it a liability because it's got to be redeemed at some point in time and what it's going to be
00:34:28.920
redeemed is a massive as peter navarre said today you're building up this is a quantitative easing
00:34:34.880
this is a massive infusion of liquidity into the system and eventually that's just going to blow up
00:34:40.000
on more inflation they're not going to try to tame inflation because they're so nervous now they raise
00:34:44.200
interest rates the bonds drop even more they're bigger holes in the bank's balance shoot
00:34:47.700
this is all the biden regime so if you're one of these people under 35 years old and uh you know you
00:34:53.020
believe in the net carbon future and you can have windmills produce energy right now all of it hey
00:34:58.640
you got it baby you voted for it it's all yours i hope this works out for you one percent growth
00:35:04.220
we're going to be just like japan we're going to have decades and decades lost generation lost
00:35:09.400
decades like japan has they just announced the other day that japan has virtually i think passed the
00:35:14.740
the level of nowhere the point of no return on demographics on even having children anymore because
00:35:19.920
people just the young generation has given up they've really given up we're not going to give
00:35:24.580
up but it's going to be a long tough slog back dave walsh uh five hours she and putin are with each
00:35:30.700
other they've got their partners in tehran their partners in saudi arabia they're soon to be partners
00:35:35.900
in iraq and the white house has a comedy show guy up there ted lasso because they think it's all yucks
00:35:43.500
and of course zen master jean pierre says yeah i know everybody's watching march madness all is everybody's
00:35:48.360
doing that's the bread and circuses this is rome and rome is burning dave walsh give me your
00:35:54.820
assessment when when she and putin spend five hours i just want people to understand where trump had
00:36:00.080
full spectrum energy dominance what's the reality of the world's energy markets and what's happening
00:36:04.920
geopolitically uh with the worst people people on earth the chinese people the russian people are
00:36:11.140
great the chinese communist party and the kgb these are two gangster organizations to basically control
00:36:16.960
these countries and now they're kind of merging into senior partner junior partner dave walsh
00:36:22.680
well they're certainly going to be talking about are talking about energy transition energy transition
00:36:28.360
from europe to china meaning 2.2 million barrels a day that were previously destined for western europe
00:36:34.260
will now go to china to support their huge need for oil again they produce 4 million barrels a day they
00:36:40.000
need 14 million barrels a day to keep their economy moving and growing that's going to come from russia
00:36:45.660
you're going to see discussions actively of two new natural gas pipelines headed southward now to
00:36:51.820
china from siberia to displace in part one of the ones that someone blew up in the north sea a few a few
00:36:59.380
months ago that that natural gas by pipeline far cheaper than making lng by the way far cheaper than
00:37:06.320
transporting it by sea but by pipeline will go into china almost for certain and displace any lng exports
00:37:13.100
we had to china they'll now be all from russia uh and that's uh that's a huge monetization of now
00:37:19.880
all of those transactions that oil and gas will be not in dollars which will dilute the dollar further
00:37:25.960
as the petroyuan takes hold with the kingdom so that those issues are undoubtedly at the core of their
00:37:31.880
meetings plus of course this continued distraction of u.s military spending and the dissipation
00:37:37.520
of our weapons base our ground-based weapons base on ukraine for the next for the last 18 months
00:37:44.220
going into the next six months creates massive additional vulnerability for taiwan in in our
00:37:50.720
inability to defend taiwan as we dissipate our ground-based uh projectile tank and uh directed
00:37:59.600
missile strength locally in ukraine so we won't be in a position to support taiwan within a few months
00:38:05.560
of that continuing to happen monetarily or with hardware and and she knows that he knows that
00:38:11.920
and that's why you're not seeing a terminus to this and he's the ally of russia i want to go back
00:38:16.380
it's the 20th anniversary it ties into that's why i want to tie it into the geopolitics that's happening in
00:38:21.520
moscow for the next two or three days in a fourth turning things go through massive changes in those
00:38:27.760
times and we'd have no idea how they're going to turn out i want to just put give you a historical
00:38:31.960
perspective when oil was first found in any number after the first world war british petroleum and
00:38:40.300
what was a ramp code the american you know the american part of it and the british part of it
00:38:45.100
were dominant there working with the local community and eventually these got nationalized
00:38:51.160
but the chinese and the russians had no role american foreign policy up until obama let the russians
00:39:00.000
have a warm water port up off of syria in israel was the american foreign policy in the middle east
00:39:06.080
was to keep russia out china wasn't even considered to be close to being a player this this is such a
00:39:13.740
massive geopolitical shift that the british and the americans that have literally from the founding
00:39:19.400
of finding of oil until now have been the dominant technicians technical people still the companies
00:39:27.240
whether they were nationalized or not and the mentality if you're over there the mentality of
00:39:31.580
british petroleum the mentality of the big american you know the seven sisters particularly the ones that
00:39:37.140
were most and you got dutch shell you got the dutch you got the british you got the americans but you
00:39:41.340
have basically the anglo you know judeo-christian west now it's a whole different game how and people
00:39:48.040
don't realize this is a game changer because energy independence energy the ability to get energy and to get
00:39:56.020
plentiful and cheap is the foundation of the modern industrial society and all the happy talk about
00:40:01.800
you can transition to windmills or solar is just that it's it's literally fantasy and when biden sits
00:40:07.660
and goes you know for at least the next 10 years or yeah i think he's right on that when you look at
00:40:12.120
the math it's a fantasy but now after 80 years right almost 100 years i guess it is shifting almost
00:40:20.160
overnight to going to be russian and chinese geopolitically how big am i first of all is that
00:40:26.460
a correct way to look at it and if that's true how big a how big an impact is this going to have on
00:40:31.620
the united states of america sir no it's it's true and i'll put a capstone on that with respect to bp
00:40:37.180
bp in the last five years has invested over two billion dollars in about 20 u.s based solar farms
00:40:44.320
british petroleum who basically have cut back british and north sea production of oil and gas
00:40:51.120
by about 70 percent in the last 15 years cut back production in their homeland the home country
00:40:58.380
in in instead invest several billion in solar farms in the u.s that aren't providing a return to their
00:41:04.820
shareholders vis-a-vis the chairman about two months ago announced to say we're going to look
00:41:09.120
hard at these solar assets they're providing no return for us bp so the distraction of a great
00:41:16.100
oil company like that now into renewables a business that is not their business they're an
00:41:20.800
oil and gas producer is it's just endemic of the elite mentality that somehow this wind and solar
00:41:26.580
stuff is going to displace oil and gas and it's not the chinese are not betting on that the saudis
00:41:32.400
aren't betting on that the russians aren't betting on that and i don't think we come out uh you know
00:41:36.900
ahead on that and i'm at your your great commentary a couple months ago on the uh the russian invasion
00:41:42.800
by the germans why did that happen that happened because russia made a commitment to hitler in 1938
00:41:49.240
to supply something like 50 million barrels of oil to feed his war machine beginning in 1938
00:41:55.340
in 1941 china russia pulled the plug in that deal what does hitler decide to do we need to go get the oil
00:42:03.140
that was at the crux of the invasion strategy let's go get the oil they've stopped shipping to us
00:42:08.180
that didn't work out well for them our fortunately our bombers came and took out the three major
00:42:14.160
refineries in germany as step one of our air campaign and the rest is history things worked
00:42:19.060
out well for us largely because the germans ran out of oil they didn't have a domestic supply they
00:42:24.760
were dependent for a while in russia russia pulled the plug that that whole issue was at the heart of the
00:42:30.000
second world war as well and then the reason for the russian invasion to begin with by hitler was
00:42:34.880
to seize oil fields in part and um you know it's just the the dependence of military success on oil
00:42:42.240
and gas is everything it's huge and it hasn't changed she knows that putin knows japanese the japanese
00:42:48.420
co-pros the the japanese co-prosperity sphere was the exact same thing the reason the japanese
00:42:54.260
drove so far south right was that they needed the the whole the pearl harbor situation was all about
00:43:01.920
the questions today that fdr and these guys know it was the embargo in fact the japanese was they say
00:43:08.040
hey knew knew about it they were actually in cordell hall's office and they're negotiating the embargo
00:43:13.980
of oil from the united states of japan and these guys internally said hey the foreign devils got us
00:43:20.140
and they're not going to back off they can always choke us down and we're going to have to go grab
00:43:24.320
it but both spheres were driven principally about energy which which kind of makes sense because
00:43:30.720
energy is the foundational element in any modern industrial economies correct sir to this day you
00:43:37.680
can as you all know sir you cannot wage war without it if either the uh the u.s boycott the u.s
00:43:43.740
actually you know i'm cared little about asians killing asians in 38 to 41 cared little about it
00:43:49.880
except did decree a boycott an oil boycott on japan to try to slow them down the japanese reaction was
00:43:57.240
pearl harbor that's exactly why they did that they fully acknowledged it the emperor acknowledged that's
00:44:02.320
why they attacked pearl harbor in retaliation dave's analysis is cool because the japanese went into
00:44:09.460
manchuria what the marco polar bridge they were killing millions of chinese and hey lao baijing they
00:44:15.720
were killing millions of chinese and nobody in washington care exactly that's a that's a eurasian
00:44:20.140
land that's a eurasian landmass problem that's eurasian landmass no that's where the people
00:44:25.940
yeah directly result of the oil embargo did we decide to act so we're geo geo geo strategically you
00:44:33.480
know the thinkers if you go back in the 20th anniversary and you talk to people that were the
00:44:38.660
planners at the time and if you even see some of the movies that came out i think the one with richard
00:44:43.120
dreyfus as cheney the this the the they knew at the cynically they knew that um there wasn't weapons
00:44:51.300
of mass destruction they were looking for a reason to get into iraq because of the geopolitics of oil
00:44:55.980
and they said saddam hussein will be a huge problem in 20 years basically in 2020 and 2023 right now if we
00:45:03.880
don't take him out now because we need control the oil from the the from their strategy point of view
00:45:10.180
in the early 2000s to once again get the oil to where we are now is that the biggest epic fail
00:45:16.860
in in geostrategically of a great power in history uh dave uh dave walsh oh i i think so and i mean
00:45:24.340
it's always the the the erratic and nonsensical devotion of the west to principles that somehow
00:45:31.820
the laws of physics can change and we can wean rapidly off of gas oil and coal is is at the heart
00:45:39.500
of one of the tremendous uh failures of economic and now it's going to be military policy that the
00:45:46.460
west has ever committed and it's massively worrisome this this nonsense that we can through solar and
00:45:52.900
wind power military power industrial economy compete with china they know better than that the russians
00:45:59.420
know better than that it just things do not work that way we're still this this economy is 88 percent
00:46:05.760
dependent on fossil fuels and nuclear power for energy of all types transportation home eating all in
00:46:11.560
um the the movement the needle has moved on that only a couple of percent since 1975
00:46:17.720
all due respect to the solar and wind that's been deployed the entire needle and the mix of energy
00:46:23.360
over here has moved about two percent from 90 percent dependent on fossil and nuclear to 88 percent now
00:46:28.720
on fossil and nuclear owing to the fact that those are such intermittent resources it's senseless to
00:46:34.740
talk about depending on them now here oh by the way last week uh announced in minnesota despite the
00:46:40.600
economic chaos we're going through edf is investing 250 million dollars the company owned by macron by the
00:46:47.380
french government in default last year investing 250 million in a minnesota-based solar farm they're broken
00:46:54.020
in france they can't pay pensions they're bankrupt french government takes over edf but they're still
00:46:59.760
investing 250 million as we speak last week in a minnesota solar farm to generate power about 10
00:47:06.240
percent of the time this this is the west this is where we are dave let me ask you about the grid
00:47:14.700
because right now you're going to see a massive credit contraction i mean right now they're flooding the
00:47:19.120
zone with liquidity to basically save the system from because the system's insolvent so they're just
00:47:24.540
going to keep the printing mill of the of the federal reserve going as long as they possibly can
00:47:28.540
until they're told to stop which is going to have to happen here i think from the republican house pretty
00:47:33.360
quickly but talk to me given the fact that you're then eventually going to have a massive credit
00:47:37.520
contraction because you're just going to have to right or inflation is going to blow inflation will be
00:47:42.040
at 15 percent and every person in this country will be laid off you know another 9 000 at amazon today
00:47:47.220
go on top of the 18 000 uh last week well walk us through with that credit contraction in the in the
00:47:53.380
shape of our grid give us just give us a net assessment of where we stand right now on the
00:47:58.200
distribution side of energy not even the production side well we need we desperately need to build a lot
00:48:04.740
of baseload capacity continuous duty gas nuclear heaven forbid i know we don't like it coal clean coal
00:48:12.280
technology to displace that which has been torn down the last 10 years you look at the
00:48:17.420
effective and accurate guardian article today the december 24 25 power shortage in the carolinas tennessee
00:48:25.820
kentucky tva shut down 6 000 megawatts of coal plants since 2005 reduced their coal dependency from 57
00:48:34.120
percent to about 14 percent displaced that one third with electricity imports into the tva region
00:48:40.620
about 50 percent with gas fire technology but about 30 percent with uh renewables so you have a
00:48:48.980
huge shortage of now reserve margins in the tva region not enough continuous duty electricity running
00:48:56.120
so then when competition came for the gas for home heating in those cold days they didn't have enough
00:49:02.160
electrons so they had shortages of two hours to eight hours for december 24 25 the duke area over in the
00:49:09.500
carolina is the same shut down duke shut down 56 coal plants between about 2005 and 2017
00:49:16.740
owing to a massive dependence growing dependence on solar which works up there 4.6 hours a day only
00:49:24.420
19 and a half hours a day it doesn't work therefore you had about half a million people in the carolinas
00:49:29.880
out of service and the cold the cold doesn't cause these events it it exposes them it exposes the
00:49:37.380
shortage of electricity when demand goes up and exceeds the generation being created it doesn't
00:49:43.700
cause it the cold is the exposure of not having enough electricity as is heat when it's 98 102 in
00:49:51.500
the summer in texas in the carolinas exposes that's when peak demand occurs there's not enough electrons in
00:49:57.900
the system left because this intermittent stuff solar that runs four and a half hours a day has replaced
00:50:04.040
huge amounts of what was running all the time before and so the reserve margins of overproduction
00:50:10.960
have shrunk and shrunk carolinas will be down to about eight percent reserve margin if um the duke
00:50:16.840
power plant persists through 2030 it's becoming about 25 dependent on solar they'll have reserve margins
00:50:23.960
so low that you'll see brownouts and blackouts at a 15 times quantity of now so this is we we need
00:50:31.540
base load generation invested in this monetary issue is going to create the lack of funding for that
00:50:36.420
we need to stop the credit contraction is is is anybody subsidies for the renewables is any have
00:50:46.000
you seen any politician any leader any culture is anybody out there explaining this to the american
00:50:51.300
people of what we're about to run into with with just our ability to both uh produce energy and then
00:50:57.980
distribute it to where it should be and have have base load minimum base load or do is anybody
00:51:02.500
no one this is a bipartisan issue steve i'm telling you the energy plan for the state of florida for
00:51:09.320
example is to become about 25 dependent on solar power by 2031 which means reserve margins in this state will
00:51:17.960
shrink from 23 to about 14 percent the condition will then be worse than in texas the wind is better
00:51:25.320
texas 28 dependent on wind that runs nine hours a day in florida becomes 30 dependent on solar which
00:51:32.060
runs 5.7 hours a day the reserve margin and brownout issue here will actually be worse and you know
00:51:38.940
republican government has run this state for a long long time into now and the energy plan of describing
00:51:45.060
is the one that has been written by next era the largest wind and solar company utility in the world
00:51:50.700
who makes a huge amount of money building 74 and a half megawatt plants that they don't have to bid on
00:51:56.580
because that's the threshold level below that you don't have to bid in your regulated service territory
00:52:01.740
b these plants cost seven times what a combined cycle plant do they make a great deal more money on the
00:52:08.040
on the cash invested in capex than they do on opex so this is the why it's bipartisan
00:52:15.320
day we gotta bounce we're a bipartisan failure where do people go to get your uh content on social
00:52:21.840
media i'm on dave walsh energy on both truth social and getter thanks thank you fantastic fantastic
00:52:30.060
analysis the dave walsh okay uh we're gonna be back tomorrow morning live at 10 a.m i commit to you
00:52:36.600
the show will be on fire see you back here tomorrow 10 in the war room
00:52:39.780
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