Bannon's War Room - WarRoom Battleground EP 376： Another 24 Billion For Zelensky

00:00:00.000 this is what you're fighting for i mean every day you're out there what they're doing is blowing

00:00:15.480 people off if you continue to look the other way and shut up then the oppressors the authoritarians

00:00:23.240 get total control and total power because this is just like in arizona this is just like in georgia

00:00:29.020 it's another element that backs them into a quarter and shows their lies and misrepresentations

00:00:34.100 that's why this audience is going to have to get engaged as we've told you this is the fight

00:00:37.880 all this nonsense all this spin they can't handle the truth war room battleground here's your host

00:00:44.980 stephen k bannon under the new president of the world bank change is already taking root

00:00:51.500 last month i asked the united states congress for additional funds to expand world bank financing

00:00:58.280 by 25 billion dollars and the g20 we rallied the major economies of the world to mobilize even more

00:01:06.400 funding collectively we can deliver a transformational boost to world bank lending let's start there with

00:01:15.060 a potential shutdown we are by my math 11 days away from the deadline of september 30th a week from

00:01:21.480 saturday to get a new budget through it to keep the government from shutting down i think a lot of

00:01:26.040 people talk about this in political terms with brinksmanship and all the rest but from where you

00:01:30.440 sit at treasury what would a government shutdown mean to the economy well look there's absolutely no

00:01:37.520 reason why we should have a government shutdown uh democrats in both the house and the senate and

00:01:44.460 republicans uh in the senate are ready to pass appropriations bills or a continuing resolution

00:01:52.000 to keep the government open and operating for the american people uh speaker mccarthy needs to find a way

00:02:01.680 to do his job which is um to pass a continuing resolution or bills so there's no reason we've got a good

00:02:11.260 strong economy it has a lot of momentum inflation is coming down the labor market remains very strong

00:02:20.880 we really don't need a shock to the economy in the form of a slowdown there's no reason for it at all

00:02:28.400 and yet typically maybe come up to the 11th hour but there is a deal struck to avoid a shutdown if

00:02:34.080 that doesn't happen here due to the internal politics in the republican party what happens to

00:02:38.960 the economy what would you say from treasury well we have not tried to estimate the impact of the

00:02:44.900 shutdown it would depend importantly on how long it lasts but um again there's really no good reason why

00:02:54.500 there should be a shutdown uh when the debt ceiling was raised an agreement was struck uh about that

00:03:03.780 would serve to uh lower the deficit by about a trillion dollars over the next decade and um we should just

00:03:13.860 adhere to the bipartisan agreement that was struck

00:03:17.300 look at the the ball face slice tuesday 19 september year of alert 2023 she looks you in the camera and

00:03:27.620 says the bipartisan debt ceiling deal that over 10 years cut the deficit by a trillion dollars they

00:03:34.420 just increased the trillion dollars in this fiscal year over the over the trade she said it was going

00:03:39.060 to be the deficit is two trillion dollars they admitted we've added a trillion dollars in the

00:03:44.820 national debt in the last 90 days with 33 trillion dollars 33 trillion dollars embrace it and baby 33 is

00:03:52.580 going to seem like a low number in the not too distant future we are on the precipice of the point of no

00:04:00.260 return of literally uh financial chaos and you can see it in the lived experience of your life i've got

00:04:06.500 the philip patrick is is joining me now or is with me he's going to join in a second but i want to

00:04:12.500 make sure that we fully when i get philip on here we talk about all of it that we got a key element

00:04:19.060 that is driving this and that is uh the war in ukraine and you saw posobic what posobic showed

00:04:24.980 this afternoon which was kind of epic and incredible so we've been put on a death list

00:04:30.420 uh by the ukrainian government um to um because he's been speaking the truth of what's happening

00:04:37.300 over there uh from rome ben harnwell who is our uh our our guy for all things uh europe and by the way

00:04:46.980 ben tomorrow i'll have you on i i gotta talk about the situation with salvini and le pen and this big

00:04:53.460 rally they had in europe and the anti the right is coming together on this anti-invasion aspect of uh

00:05:00.340 of what's happening on this migrant crisis globally uh and i noticed uh i noticed uh girl maloney was

00:05:06.980 not at that rally but i'll just put a pin in that for tomorrow um you've been watching this ukraine

00:05:13.140 situation zelinski's sitting there you know beaming looking up at biden today uh with that little puppy

00:05:20.660 dog look as biden sits there and you know spreads more disinformation about how well they're doing

00:05:26.980 and biden's opinion is still whatever it takes as long as it takes open-ended and remember one of the

00:05:33.460 fights you heard this this morning live with matt gates uh gates brings up the point that all the

00:05:40.180 ukrainian all the madness we put into the budget for ukraine is all in the the appropriations process

00:05:45.700 isn't taking that out the 24 billion dollars is a supplement to the pelosi schumer biden mccarthy

00:05:52.900 plan already baked into the cake in our calculation we're at 140 billion dollars 70 billion of outright

00:05:59.620 military aid or higher another i don't know 40 50 a billion we're paying five billion a month

00:06:06.340 and so ben they fired their defense secretary last week corruption they fired then over the weekend

00:06:12.100 they had a saturday night massacre the six uh deputies in the defense in every sector fired

00:06:19.540 then today reuters is got up that the biggest problems zelinski is going to have in coming

00:06:24.500 to the united states is really to address this corruption issue this corruption issue is still

00:06:28.740 big like this should be some big scoop um where are we been on this uh because he should not get one

00:06:37.060 red penny you're going to have philip patrick on here in a minute from birch gold is going to make

00:06:41.220 your head blow up for the for the uh the crisis that we are there on on this debt and it looks like

00:06:48.340 it's no there's no way out that we're not just on the precipice but that we're really at the point of

00:06:54.900 no return that now it's baked into the cake it's systemic it's structural and it's just going to be

00:07:00.340 continue on and make our children everybody under 40 and our children grandchildren debt slaves on top of

00:07:06.900 all this we're talking about more money another 24 billion dollars just up in your face for zelinski

00:07:13.780 and quite frankly the oligarch criminals they're the leadership of uh ukraine ben harnwell thoughts

00:07:19.780 observations good afternoon steve well the backdrop to what i'm going to say today let's go to jence

00:07:26.420 daltenberg the secretary general of the united nations who said a couple of days ago that it was

00:07:32.180 subtle right but he said that um that we're now going in for the long term with this war we're

00:07:37.860 bedding in bedding down this is good into the duration so what they did there really without

00:07:43.940 sort of flashing attention to it in and of itself is that they have now substituted afghanistan for

00:07:50.260 their new latest forever war they've now said this is the the secretary general of the un now saying this

00:07:55.380 is it you know don't expect a wrap-up a conclusion of this anytime soon you know and when he says bed in

00:08:02.100 for the long term who knows what what the long term might mean in terms of nato's projections all of

00:08:08.420 the things being equal and of course they're not uh equal and i think we're the the our globalist elites

00:08:15.060 our sociopathic overlords are going to learn that all things all other variables aren't equal in november

00:08:21.380 of next year so joe biden talking about sociopathic overlords was um at the vatican for all sociopathic

00:08:31.380 uh overlords around the world that is of course the united nations and that is that that is the

00:08:36.180 globalist vatican and he was there this morning doing the warm-up act for president zelensky

00:08:42.420 um and biden said and you know we flagged this up yesterday on the show but let's just

00:08:47.620 do that his headline quote this is the quote that that's picked up the headlines since he gave it an

00:08:53.700 hour or so ago if we allow ukraine to be carved up is the independence of any nation secure uh that's

00:09:01.380 the rhetorical question there of his of his key insight um in order to show trying to rally global support

00:09:10.020 which he hasn't got he no longer has for this war uh if we allow ukraine to be carved up is the

00:09:15.860 independence of any nation secure as we said yesterday on the war room steve this is absolutely

00:09:21.540 um this is the the pillar the fundamental pillar now of trying to persuade american taxpayers to

00:09:28.420 continue the war support but it is a presumption um deprived of of any logical uh explanation or

00:09:36.740 foundation to it it's it's basically an assertion without any proof because it's not true it's simply

00:09:43.060 not true that uh that putin has as um as linsky uh suggested on 60 minutes on sunday uh when he

00:09:52.340 called putin the second hitler it's simply not true that putin's intentions are to occupy the whole of

00:09:58.020 continental europe and yet this is what the uh american leadership nato leadership um is uh basically

00:10:06.020 uh resorting uh resorting to saying because it has no other defense now um to in order to persuade

00:10:13.220 the american taxpayer to continue its money its donations now steve you mentioned this in your

00:10:18.740 introduction this is you know we do call out the mainstream media on the show and rightly so because

00:10:24.740 they are um appalling um as we said on the show i think a month or two a month or two ago the job of the

00:10:31.380 mainstream media is to keep you misinformed about what you don't know and um uh in to keep you

00:10:40.180 misinformed about what you do know and uninformed about what you don't know that was what we said

00:10:45.780 and we do call them out we we call we called them out yesterday however credit where it's due to reuters

00:10:52.740 folks um war and posse will know that reuters along with associated press

00:10:56.980 um is really the two big international press agencies that the press association francais as

00:11:05.060 well which is also a big one the third one but these are the the three supposedly neutral supposedly

00:11:10.580 independent press agencies that draft a lot of the articles that you will then find in your daily

00:11:16.500 newspaper that you're reading and you'll see it at the bottom that it's either reuters or associated

00:11:20.500 press that wrote it so one article on one of these networks is picked up right across the world so

00:11:25.380 credit to reuters and then there's a question right i i'll start with a question and then we can

00:11:30.740 ponder it as i go through this right why now why today that's the question right and and i think the

00:11:37.220 answer's there to anyone who wants to join up the dots because of what's taking place in the united states

00:11:42.420 this week both with uh regards to zelinski addressing the the united nations today um but also his uh

00:11:51.460 zelinski's pitch on thursday at the white house to biden of which you predicted yesterday is going

00:11:56.820 to come out empty-handed this is really i think the the background for for this article in reuters

00:12:03.380 and they've done a job here that they absolutely didn't do on 60 minutes um on sunday which was

00:12:10.420 watching that interview uh on sunday it was like watching two lovers throw melted uh marshmallows into

00:12:17.140 one another's mouths at a table near to you in a restaurant and you're trying not to watch you

00:12:22.820 don't want to intrude on their privacy um this is serious journalism this steve this is not 60 minutes

00:12:29.460 this is an article here which which which joins up really what we've been saying here for a year

00:12:35.860 and a half so here is um a very senior constructor one of the largest constructor firms in ukraine called

00:12:43.780 arc boot development and he's now fled to vienna this is where he gave the interview to um to reuters

00:12:50.660 and his name is now don't get confused now because there are two people with very similar names the

00:12:55.380 first name is identical but they're different people so it's ole my baroda right this is the guy the

00:13:00.420 constructor and he says there's the photo now ole my baroda says in this interview he kept rolls of

00:13:06.900 dollar bills in a safe behind his desk why because it was to bribe officials um and who had the

00:13:16.420 responsibility of handing over this cash from the construction to the officials it was a lawyer called

00:13:23.300 ole tartaroff who reading this article is a very long article here at reuters and i'll put it on my

00:13:30.340 get to feed if folks want to uh to read it in depth and i would suggest that this ole tartaroff

00:13:36.820 that the lawyer the in between is a bit like of a tom hargan i think type uh character um

00:13:44.100 when it's it was his job tartaroff used to solve all issues with law enforcement now why am i going

00:13:49.940 on about this steve today of all days because what is tartaroff doing today what has he been doing since

00:13:55.460 2020 he is a senior a senior advisor to whom you guessed it to president temposinski himself and what

00:14:07.060 does he have responsibility for enforcement and the security agencies law enforcement and the security

00:14:16.580 agencies so this is a guy who's now been labeled uh by first person witness of handing corrupt cash over for

00:14:24.100 bribery um to officials these rolls of cash that were kept in in a safe this guy who was doing this

00:14:32.420 was um is is now a senior advisor to zelensky the other story here um which is a bit more tragic

00:14:41.220 because this article has two sites to it two cases the second one um indicates directly andrei

00:14:48.420 yermak who is president zelensky's chief of staff there was a policeman called dmitry stanko who was

00:14:56.980 leading an inquiry into his corruption and unfortunately that those um those inquiries that the policeman

00:15:04.500 stanko were were taking forward ended when this guy was killed in action in uh east ukraine in october

00:15:13.940 of 2022 and this was a guy who was doing the research into the corruption of zelensky's chief

00:15:20.580 of staff it sounds a bit clinton-esque i know um but these interesting things steve about these two

00:15:26.660 stories that it appears today uh so i would gently suggest i would gently suggest that there are perhaps

00:15:34.020 in the civil war that is taking place in the mainstream media there are forces some of them are guiding 60

00:15:39.940 minutes um but others are guiding other journalists and this is the news that's coming out it's it's not

00:15:45.540 it's not that reuters wants to be but it's it's my point is the the the corruption and the malfeasance

00:15:51.300 is so overwhelming and they understand that now we've been on watch the american people have our back

00:15:56.900 there's no money for ukraine there's gonna be a huge embarrassing fight for the biden regime this week

00:16:02.020 uh as we get down to it it's gonna be pretty intense ben uh what is your uh social media you're

00:16:07.140 putting up stuff all the time and the traction you're getting on it is incredible where do people

00:16:10.340 go thanks so much steve uh for my articles please uh register on warring.org and then for my comments

00:16:18.500 through the day as and uh as and when it's getter that's that's where i do most of my most intimate

00:16:23.940 thoughts uh i drop that on getter simply check out my surname that's that's my profile name at

00:16:30.820 harnwell um and i'm very much i i read every response steve every response every everything that's

00:16:36.820 ever heard every comment on getter i read them all individually thanks so much steve that's

00:16:41.780 fantastic uh by the way the global migrant uh crisis in also ukraine ukraine big this week ben's

00:16:47.860 going to be with us intensely covering both thank you ben harnwell appreciate it thanks steve and

00:16:53.300 getting philip patrick up i've got to i've got to play this yeah i got to play again yelling you and

00:16:58.100 you must listen to her of the of the lies misrepresentations this is what you're dealing with

00:17:04.020 this is what we have to deal with here to make sure you're presented the real case let's go ahead

00:17:08.020 and hear janet yellen on the coming coming government shutdown and the state of american uh finances

00:17:16.580 let's start there with a potential shutdown we are by my math 11 days away from the deadline

00:17:22.260 of september 30th a week from saturday to get a new budget through it to keep the government from

00:17:27.220 shutting down i think a lot of people talk about this in political terms with brinksmanship and all the

00:17:31.860 rest but from where you sit at treasury what would a government shutdown mean to the economy well look

00:17:38.580 there's absolutely no reason why we should have a government shutdown uh democrats in both the house

00:17:45.780 and the senate and republicans uh in the senate are ready to pass appropriations bills or a continuing

00:17:53.780 resolution to keep the government open and operating for the american people uh speaker mccarthy needs to

00:18:03.300 find a way to do his job which is um to pass a continuing resolution or bills so there's no reason

00:18:12.820 we've got a good strong economy it has a lot of momentum inflation is coming down the labor market

00:18:21.780 remains very strong we really don't need a shock to the economy in the form of a slowdown there's

00:18:29.460 no reason for it at all and yet typically would maybe come up to the 11th hour but there is a

00:18:34.740 deal struck to avoid a shutdown if that doesn't happen here due to the internal politics in the

00:18:39.220 republican party what happens to the economy what would you say from treasury well we have not tried

00:18:45.460 to estimate the impact of the shutdown it would depend importantly on how long it lasts but um again

00:18:54.980 there's really no good reason why there should be a shutdown uh when the debt ceiling was raised an

00:19:01.780 agreement was struck uh about that would serve to uh lower the deficit by about a trillion dollars over the

00:19:13.060 the next decade and um we should just adhere to the bipartisan agreement that was struck

00:19:27.540 philip patrick my brother i don't even know where to start

00:19:32.980 first off she missed her mark what they what they wanted her there for was to say if if it if the

00:19:38.500 economy shut down if the government shut down at all it'd be catastrophic she's supposed to say

00:19:42.420 that make up lies she missed that then came back philip patrick correct me if i'm wrong

00:19:49.300 of birch gold uh we said at the time we fought the debt ceiling fight that the deficit this year in

00:19:56.260 this fiscal year which ends not the end of the year but september 30th is the way the government's

00:20:00.580 always had it would be two trillion dollars or more they had said no no no worst case a trillion

00:20:06.580 dollars we said two um that has now come to pass on their numbers they admitted two trillion dollars

00:20:13.700 because of decreased tax revenue because of a slowing economy as we called also we've passed

00:20:20.820 a 33 trillion as we predicted happened last night and uh a trillion dollars has been added onto the debt

00:20:28.740 in the last 90 days philip before we get into the new installment on the end of the dollar empire

00:20:35.460 really the choking down of american prosperity that happened back in 71 i'd like to just just give us

00:20:41.860 a framework now your current thoughts on this budget fight the appropriations fight the the cr all of it

00:20:50.020 the national debt we're in your mind where are we i mean you you said it yourself we are if not at

00:20:57.060 the point of no return we're very very close she can't think of a reason to sort of uh you know

00:21:04.980 they're 33 trillion reasons as to why we need to get a handle on this so let's look at some numbers

00:21:10.580 over the last five years the government has spent eleven and a half trillion dollars that it doesn't

00:21:15.620 have racking up 2.3 trillion dollars in debt per year on average but it's getting much worse since

00:21:22.100 the last time we raised the debt ceiling the government's added one trillion dollars in debt

00:21:26.980 per month we're now on track for one trillion dollars in annual interest expense soon interest

00:21:34.260 is going to be the u.s government's biggest expense more than defense and let's not forget the u.s

00:21:39.780 spends more on defense than the other top 10 nations combined it's absolutely mind-blowing

00:21:45.620 and what's the solution going to be another continuing resolution let's kick the can further down

00:21:51.140 the road if this sounds familiar it's because it is familiar it's the same tactic that congress has

00:21:57.700 used over and over again this time though it's not certain that that continuing resolution is going to

00:22:03.380 pass the senate has already passed a 1.59 trillion dollar version version of the budget so i think the

00:22:10.580 pressure's on the house freedom caucus is is holding mccarthy's feet to the fire at the moment because

00:22:17.700 i think they understand it's the only way that we can cut deficit spending is to force a confrontation

00:22:24.180 like this we've been saying this for a long time but it needs to happen let's just restate that fact

00:22:30.260 again since the last time we raised the debt ceiling we've added a trillion dollars in debt per month

00:22:36.260 it is out of control and it is insustainable i wouldn't be surprised if we saw a government shutdown over

00:22:42.820 the issue because it is the only way i think something extreme to get a handle on government

00:22:48.500 spending because this administration doesn't appear to respond to reason so we have to force

00:22:55.060 the debate we've said it time and time again and i'm hoping this time something happens

00:23:02.580 the um the misdirection play and for our audience and by the way the number is 202-225-3121 you can call we

00:23:10.740 need you to call your representative particularly members of the house looks like the senate may

00:23:15.380 actually be slowing down because ron johnson's actually stepping into they once they pass the

00:23:19.460 budget they got to get to the appropriations process that was all supposed to just fly through

00:23:24.740 but he's actually bringing up some issues about the woken weaponized he is talking about the the debt

00:23:30.020 but not he doesn't make that center everything we try to do at war room the woken weaponized is

00:23:34.900 critically important to get out you can't pay for this madness it's destroying the country but if we

00:23:40.340 don't get our arms around the main thing and the main thing here is an apparatus is just out of

00:23:48.020 control i mean philip right now we know it's about five trillion dollars that comes in and the reason

00:23:53.140 we have a bigger deficit this year is that that number is lower because the lower capital gains

00:23:57.860 taxes fewer financial transactions and trading going on and uh and also decrease revenues because

00:24:04.100 the economy is the real economy is just slowing with seven trillion dollars and that's this year and

00:24:10.740 more coming that that delta is two trillion explain the audience we've got a couple minutes on this side

00:24:16.900 can we have a system that continues with two trillion dollar annual deficits that are just added to the

00:24:24.180 national debt sir well the answer is absolutely not as we see interest payments on the debt are already

00:24:30.900 getting out of control it's affecting the fed's ability to fight inflation the likelihood is they're

00:24:36.340 not going to raise rates tomorrow despite the fact that headline inflation's going up and the reality is that

00:24:43.140 they can't really do it right last time they raise rates to try and quell inflation it put a squeeze on on the

00:24:49.060 banks and i think they're worried about the same thing happening now so it's stopping our ability to

00:24:54.660 deal with the problems noel robini said that you know permanently higher inflation would be the reality

00:25:01.860 for the world he said this two percent target was now mission impossible and in large part that's been

00:25:07.780 driven by massive deficit spending which has tied our hands behind our back it's becoming an impossible

00:25:14.420 problem to solve we've said this before this is how empires have collapsed collapsed throughout history

00:25:21.060 right it's happened over and over and over again in 71 when nixon took us off the gold standard

00:25:27.300 governments around the world knew how this would end and and and it's playing out in front of our eyes

00:25:34.180 and this administration is doing everything they can to pull that time frame forward

00:25:38.660 and exacerbate the issue but if it doesn't stop now we're at the point of no return

00:25:44.420 birch my guest is uh is philip patrick we have him hunt a lot to talk about capital markets

00:25:50.820 he's over at birch gold remember birch gold is our partner in putting out the end of the dollar

00:25:55.380 empire we started this a couple of years ago because we knew this day was coming we've just put out the

00:25:59.540 fourth installment and it is about richard nixon is about one of the most consequential weekends in the

00:26:04.580 history of this nation and one of the most important consequential acts in the economic history of not

00:26:10.420 just this nation in the world the 13th of august to the 15th of august 1971 at camp david where

00:26:16.820 president richard nixon and john connelly and other advisors uh decided to stop the convertibility of the

00:26:23.060 u.s dollar into gold which had been the american people have been promised and also shut the gold

00:26:27.700 window uh for all the other nations on earth kind of came as a shock on that sunday night

00:26:32.100 we're gonna take a short commercial break make sure you go to birchgold.com

00:26:35.380 slash bannon not just to get your copy totally free of the end of the dollar empire the entire

00:26:39.940 series but the new fourth installment about the assassination of our prosperity remember

00:26:45.220 the thing that makes this show different the reason you're so powerful as a political entity this

00:26:50.580 audience is that you're now enlightened about capital markets and about the under the the

00:26:56.180 underpinning of money to power that's where they fear you short break back in the warm in a moment

00:27:05.380 the former kgb colonel vladimir putin who by the way is no friend of the united states

00:27:17.460 called the u.s dollar's drop in dominance objective and irreversible during the recent

00:27:22.340 brics conference in south africa as brazil russia india china and south africa formally agreed to use

00:27:30.340 local currencies instead of the u.s dollar it's the first shoe to fall we call this

00:27:38.900 the de-dollarization movement now as demand for the dollar weakens the buying power of the dollar

00:27:45.620 weakens that is why birch gold group is busier than ever investors and savers are looking to harness

00:27:52.900 the power of physical gold held in a tax sheltered ira text abandon that's b-a-n-n-o-n to 989898 for your

00:28:03.300 free info kit on gold with thousands of happy customers and a plus rating with the better business bureau and

00:28:10.260 countless five-star reviews you can count on birch gold to help you navigate transitioning an existing

00:28:17.460 ira or 401k into an ira in gold as the u.s dollar continues to receive pressure from foreign countries

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00:28:34.020 text bannon to 989898 that's bannon at 989898 to claim your free information kit use your agency do it

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00:32:21.780 war room battleground with stephen k bannon

00:32:32.820 when you have the secretary treasury that looks you in the eye uh philip patrick and lies to you

00:32:37.940 and you have a guy like robini who's been such an expert in macroeconomics in the global economy and

00:32:44.660 he's warning us on a macro level that the world is too leveraged up not just the united states united

00:32:49.700 states he particularly singles out but the entire world is so over leveraged that this is going to

00:32:54.820 end in tears why in the united states do we we really go back to nixon the fdr obviously in 32

00:33:02.820 about the gold standard but we really bring it forward after the breton woods agreement after the war

00:33:08.180 to essentially the end of breton woods in that weekend in camp david why is it why is that weekend

00:33:13.620 so important and here's the beauty of it it is never discussed i think there's been one book over

00:33:20.100 the last 20 or 30 years about it written by one of the heads of the yale school of management who's

00:33:25.540 not exactly a conservative uh and even that book's pretty damning why is nobody talk about this why

00:33:32.100 is nobody talk about over a weekend they made a decision to stop the convertibility of the dollar

00:33:38.180 into gold and by the way if that happened today with the alternative media we have there would be

00:33:43.300 a firestorm like no firestorm it would make the great fire of london look uh look tame philip patrick

00:33:51.380 look i mean it's it's a story ultimately of how the u.s went from the world's most prosperous nation to

00:33:57.780 a paper tiger and it boils down to to deficit spending which during an age of the gold standard simply

00:34:04.420 wasn't possible and of course back in 1971 nixon decided that the world would be better off if he

00:34:11.300 could massively increase spending which was only possible if the dollar was no longer supported by

00:34:16.820 gold so essentially he temporarily removed the u.s from the gold standard and that really ushered in an

00:34:24.660 age of unconstrained money printing since that day the dollars lost 86 percent of its purchasing power

00:34:32.180 and quite frankly it was truly shocking how little thought went into nixon's decision for the first

00:34:38.660 time in history by the way the global reserve currency wasn't backed by gold and we embarked on

00:34:45.380 a massive experiment with keynesism and i think we're living in in the ashes of that today we've said before

00:34:52.580 when we've come on as as as you write the series of the dollar empire things become more and more true

00:35:00.260 and we're almost writing history in front of us but it's incredible the lessons from the past

00:35:05.540 what they can teach us today if only uh our current administration had had studied a little bit

00:35:12.420 harder i think we wouldn't be in the position you know this is one of the reasons that started and

00:35:16.500 it started in 32 with fdr they knew that unless they got off of gold uh you couldn't do the massive

00:35:22.580 printing of the of the great depression then even world war ii nixon because of the guns and butter

00:35:27.220 remember you had the vietnam war uh and nixon knew that was going to go on uh other global

00:35:32.580 commitments because we're becoming an empire from a republic but also nixon made a deal with pat

00:35:38.180 monaghan and he basically said i'm not going to shut down the spending of the great society

00:35:43.540 nixon never went after any great society programs in fact the epa he added to him you know nixon was

00:35:48.820 was quite frankly a globalist a true patriot i'm not trying to get on nixon the thing i want to go

00:35:54.420 back to that shocking and this is why it's very important to go to birchgold.com and get the

00:36:00.660 report get all of them and see the see the level of work the birch gold team's done with us and

00:36:05.780 putting this together but also call birch gold call call the guys and ask them to call the team over

00:36:11.940 there and ask them connect with them about gold overall what why the federal reserve why you got

00:36:17.140 janet yellen looking in the face and lying to you remember she's your secretary of the treasury

00:36:21.140 why the treasury and the fed are spending all this time on the central bank digital currency

00:36:25.140 yet the global south which i'm honored to say that philip patrick the team of birch gold war room

00:36:30.020 abandoned were the first to call that this bricks thing is real and watch out there's a new geopolitical

00:36:34.900 entity why the guys in the global south that control the resources their central banks are buying

00:36:40.340 gold and i keep telling people the people that run these countries are not stupid they have all the

00:36:44.900 stanford mbas they have the harvard mbas they have an hp 12c they can run all the net cash flow

00:36:50.980 they understand what's going on and those young people around them are saying hey boss i got an

00:36:55.460 idea let's buy some gold right so at record rates the central banks of this country are buying gold

00:37:00.980 now this is the point that's going to shock you and they're doing it they're running linear programs and

00:37:05.940 and and getting down to what they need to back up what they've got and not to let the purchasing

00:37:10.900 power of the federal reserve the federal reserve know crush them yeah to philip patrick's point when

00:37:15.860 you read this and in my research as i said it's only been a couple of one or two books ever written

00:37:20.820 about it but even very little news coverage philip the thing that shocked me coming out of hbs and

00:37:27.700 goldman sachs and having my own firm they made one of the most monumental decisions in world economic

00:37:36.980 history and i'm still not sure if they ever looked at any financial models it's nothing's in the

00:37:43.220 writing that you can actually get to somebody i mean john conley was a blowhard politician he looked

00:37:48.340 like a he looked like you call central casting for a texan this guy shows up uh and he had business

00:37:54.260 connections aerospace you had these other guys nobody's running any numbers there's there's no

00:37:59.700 dialogue there's no philip and i look and i said no no no i got the team and i said let me do some

00:38:03.860 more research i came back i said i can't find anything next time we're in the white house

00:38:08.180 we're going to go over to treasury and demand the archives i know seriously this is one of the most

00:38:12.180 important decisions in world history and they literally are just winging it right and nixon's

00:38:16.980 trying to get us so he does it sunday night so he gets it makes the announcement sunday night

00:38:20.340 on national tv they're worried about the speech how big an impact walk us through the the decrease in

00:38:27.220 the purchasing power of the dollar that killed us didn't it yeah it's absolutely killed us and it's

00:38:32.340 it's been exacerbated and escalating significantly recently look when nixon took us off the gold

00:38:38.900 standard in the 70s the world as i mentioned before they were up in arms and they knew how

00:38:44.100 this thing would end with massive money printing and they came to the us and said look what's going

00:38:49.300 to stop you doing exactly what we're doing today and john conley actually a famous response he said listen

00:38:55.860 the dollar's our currency but it's your problem and and the reality is in the 1970s what was anybody

00:39:02.820 going to do about that there was no rival to the us dollar there was no economic rivals it was a case

00:39:08.180 of like it or lump it well the problem is 50 odd years down the line number one the argument for the

00:39:14.340 dollar is a stable store of value which is key to a reserve currency is weakening right the dollar's lost 16

00:39:21.620 percent purchasing power in in in in the space of three and a half years secondly and maybe more

00:39:28.100 importantly when you act as the world's policeman and you weaponize your currency one too many times

00:39:33.940 which by the way we've been doing with increasing frequency since the turn of the century there comes

00:39:39.140 a point when the world turns around and says no longer and i'm worried that that's where we are right

00:39:43.460 now i i i made this argument the oval i said we got one bullet in the chamber of weaponizing the

00:39:50.180 dollar we got to use it to take down the ccp you start doing the rest of the stuff you're going to

00:39:55.140 have a major blowback they're going to try to get off the dollar and i'm not arguing that we should

00:40:00.340 be the prime reserve currency that's an argument and a debate we should have but i would definitely

00:40:05.220 argue you just can't have it taken away from you because that's going to have the financial and

00:40:08.980 economic collapse of the united states we're going to be like argentina when you can't sell those

00:40:12.740 bonds philip patrick how do folks get to you over at birch gold because you're doing a tremendous

00:40:17.540 public service but you're also helping people think through and that's what we want you to do

00:40:21.220 just immerse yourself in information you'll make the right decision but right now you're you're

00:40:26.580 getting spun by your treasury department you're getting spun by the federal reserve and particularly

00:40:31.060 the business press has done a terrible job here so where do people go to get the truth it's very

00:40:36.020 simple birchgold.com forward slash bannon again birchgold.com forward slash bannon that's going to get

00:40:44.660 them access to a free information kit on on precious metals how to invest as well as the

00:40:50.420 end of the dollar empire series uh birchgold.com slash bannon uh they can reach me at philip patrick

00:40:58.180 on getter as well uh okay thank you very much brother i appreciate everybody go to uh birchgold.com

00:41:07.140 slash bannon right now do we have a cold open thank you we have a cold open with jeff clark let's go

00:41:11.540 and play the uh one one thing for the cold open with clark there's a huge article and a great

00:41:16.980 article in politico today about the deconstruction of the administrative state and actually the action

00:41:22.420 plan this is new york times gives you the overall architecture but politico has done a great story

00:41:28.340 about the new republican revolution coming and jeff clark is very is prominent there as is russ vote and

00:41:33.860 everything the cra is doing to actually get the shock troops in to deconstruct the administrative

00:41:39.300 state and take on the deep state once trump returns to power in january of 2025 after one of the 24

00:41:45.300 election everybody if grace and mo can push that out um if um carly bonnet can push it out over over

00:41:53.140 at uh at uh her site the um if everybody can get to that and read it this is a must read and jeff clark's

00:42:01.220 one of the stall stars of that so make sure you get that jeff clark's working away beavering away

00:42:04.900 every day 24 7 let's play jeff clark's cold open we'll bring in jeff

00:42:12.580 professor sobin your view on the self-executing nature of this section

00:42:17.140 i agree that it's self-executing uh but it's also the case that once selection officials

00:42:22.820 make initial decisions about this what they do is subject to judicial review in state court and likely in

00:42:29.220 federal court as well so i agree that if it was just up to some partisan election official

00:42:34.020 professor mcconnell would be right to worry that they would try to disqualify their opponents and

00:42:38.340 get away with it but it wouldn't be up to them alone uh what they do could be challenged in court

00:42:43.380 and judges who are not beholden to one political party or another uh if you know the power was being

00:42:48.660 abused to disqualify people who are not legitimately disqualified then the court could overturn uh that

00:42:55.060 decision just as has been the case with other disputes over election qualifications uh in the past

00:43:06.260 professor sobin let me ask you this former attorney general michael mccasey argued in the

00:43:09.940 washington post last week that the insurrection clause would not apply to trump even if it was an

00:43:13.780 insurrection because quote the use of the term officer of the united states in other constitutional

00:43:18.340 provisions shows that it refers only to appointed officials not to elected ones what do you make of

00:43:23.620 that argument especially given the president takes an oath to faithfully execute the quote office of

00:43:28.260 president i think it's a really bad argument the constitution multiple times refers to the

00:43:34.980 presidency as quote an office moreover it would be ridiculous to say uh that the one office holder uh who

00:43:42.980 is not uh subject to disqualification if he engages insurrection is the highest office holder in the

00:43:49.220 land the president united states it would just be utterly ridiculous to come out with a reading like

00:43:54.100 that and only the most overwhelming possible textual evidence could even begin to justify a reading of

00:43:59.860 the constitution like that and the people who argue for this reading you know there's some smart people

00:44:05.140 but in this instance they're just very badly wrong

00:44:10.980 does the supreme court want this case does chief justice roberts what if you were a judge of the supreme

00:44:16.260 court would you be trying to avoid this as much as possible this is such a major question and if

00:44:22.020 these justices decide that actually donald trump cannot run it will be the probably the most consequential

00:44:28.260 supreme court opinion in history will it not uh that's true and i think you're right i think they

00:44:34.500 will be they're sitting there just hoping that there's going to be some way to get out of it there may

00:44:39.460 not be it may be that they really do have to uh to decide the case but there are a number of procedural

00:44:45.780 complications uh that could get in the way and keep them from deciding the ultimate question of whether

00:44:51.860 donald trump engaged in an insurrection uh for example uh there are all kinds of timing questions uh

00:45:00.420 is the is is the law has anything actually happened lawsuits are being filed but actually has anything

00:45:06.420 happened uh yet who who are the authorities what their state law questions about what the reach of

00:45:13.780 state electoral officials is going to be the uh i mean one very important point potentially important

00:45:20.500 point is that section three does not actually keep an insurrectionist from running for office

00:45:27.460 what it does is it keeps an insurrection from an insurrectionist from holding office so arguably

00:45:34.820 the whole case is not going to be ripe and unless and until uh donald trump is actually elected

00:45:40.980 president and you know what a mess that would be i'm really uh proud of this show for being at the

00:45:48.180 forefront as soon as i saw the initial report of the federal society professors writing this i said told

00:45:54.820 the team i said oh baby this is going to be large and it's actually even bigger than i thought it

00:46:01.940 initially was no the supreme court the supreme court understands if it ever gets there which

00:46:07.060 if we do our work it will not it'll be a decision at the level of dread scott and i don't say that

00:46:13.940 lightly neither side will be happy by the by the outcome jeff clark you've been at the forefront of

00:46:21.140 this uh i want to put what we just saw there which i thought was a very reasoned debate on something

00:46:26.340 that's a radical idea they're thinking it through in their own mind of how they because their whole

00:46:30.420 thing is to stop trump and coupled with the new information we know of kelly was a calabrese the

00:46:36.420 head of the federal society which i think he had to step into the breach here because this thing is

00:46:39.860 spinning out of control jeff clark well steve always good to be on with you and i i do think that uh

00:46:46.340 you know medi hassan uh there did have a you know useful debate between uh professor mcconnell and

00:46:52.500 professor uh soman and uh look it you know if this did get to the supreme court just like mcconnell

00:46:58.980 acknowledged it would be potentially the you know biggest supreme court case uh in history you

00:47:03.780 know i think uh bigger bigger than uh dred scott because it really threatens to take away the franchise

00:47:09.460 from people to be able to vote for the president of united states and and i think would also destroy

00:47:15.220 the whole functioning of the electoral college the first clip there uh you know that i put together

00:47:20.900 i called lawfare because basically what this strategy is trying to unleash is having you know

00:47:26.740 uh uh dozens of state uh uh secretaries of state um and you know maybe hundreds of county officials

00:47:35.620 depending on how state law works basically empowered to separately say oh we're just not going to put

00:47:39.940 donald trump on the ballot uh and that is crazy and i'll give you a homely example of that imagine we

00:47:46.820 were back at the time when obama was running and there was the whole controversy about where was he

00:47:52.100 born was he born in hawaii and therefore qualified to to run for president and to become president or

00:47:57.140 was he born in kenya therefore disqualified couldn't become president imagine if that question steve had

00:48:03.300 been put to individual county and state secretaries of state for them to uh you know decide on their own

00:48:10.580 that question you would have had mass chaos uh in the streets i think you would have had you know

00:48:16.660 this biggest case in the history of the supreme court ever back then i think you know the obviously

00:48:22.180 the mainstream media would have attacked it and mocked it mercilessly as a cynical attempt by radical

00:48:28.020 republicans to block obama from uh becoming president and we're just dealing exactly with with that

00:48:34.580 as mirrored onto trump it's all about a stop trump effort and i think it's it's really

00:48:40.020 constitutional radicalism at at the highest level and i think that's why that's caused uh and this

00:48:46.180 relates to the second clip about you know the the uh civil or military officers of the united states

00:48:52.260 that's caused uh professor calabrese from northwestern you know one of the top 10 law

00:48:56.580 schools in the country he's one of the founders of the federal society he uh originally said that the

00:49:02.340 professors baud and and uh paulson article was a tour de force and that article argues that trump can't

00:49:09.780 be president under this disqualification argument but uh he has uh since backtracked as you noted

00:49:16.980 he wrote a letter to the wall street journal on top of mucasy's article in the wall street journal

00:49:21.860 saying yeah you know on second thought uh i was wrong i reconsider i have to uh correct the record i've

00:49:28.100 now been persuaded that actually this does not this clause does not apply to donald trump and that he should

00:49:33.780 be on the ballot now what he also said steve was that he thinks uh trump is loathsome and that uh he

00:49:41.060 basically shouldn't be voted for by anyone but he still you know realized uh once he looked at some

00:49:47.380 other scholarship uh by uh professor josh uh blackman that uh you know hey yeah this argument uh that that uh

00:49:55.140 bought and paulson put together who were you know federal society uh uh affiliates that they uh you

00:50:01.220 know their arguments all wet so you know that's the state of play at this point right we even have

00:50:06.500 people who realize that the stakes of this are so earth-shattering and could cause such chaos for

00:50:11.860 the country that they're backing away from it um how does this your lawyer you know you're in the

00:50:19.060 shortlist to be the attorney general in the next uh in the second trump term but this is as big a

00:50:26.500 firestorm is the legal and constitutional we we know they're not validated but that's a huge effort

00:50:32.500 right now to get into the political realm california is already talking about a way the state legislature

00:50:37.940 they're coming up with a bunch of tricks how they're just going to step in here and game off the ballot

00:50:43.220 what do we have to do to stop this from metastasizing into the political process

00:50:47.940 at the individual states i i think uh steve that uh you need to you know much like is happening on

00:50:54.820 the budget fight you need to make sure that uh you get to your uh congressman your senator you talk about

00:51:01.700 how ridiculous this is you talk about the fact that they brought trump up in the second impeachment on

00:51:07.140 the charge that he violated section three because he either provided aid and comfort to an insurrection

00:51:13.540 or was part of an insurrection and that failed it failed in that trial that's the end of the matter

00:51:19.780 and the import of the of the third clip there about ripeness where professor mcconnell was discussing

00:51:25.540 that is i didn't get into this in my own article on this because there's you know unless you want to i

00:51:30.180 wanted to write another 120 page piece right if you want to do something quick for people uh you know

00:51:35.540 there's only uh so much you can cover uh but the the ripeness issue is important because the text of

00:51:40.900 section three of the 14th amendment talks about not holding office really the questions would not

00:51:45.940 be ripe unless and until trump were elected and at that point if trump were elected by the people

00:51:51.300 under the electoral college system in in america that then the issue of trying to use section three

00:51:56.980 against him is a political question and it's one that the court shouldn't even interfere and they

00:52:01.700 should let the process uh you know that election run run its course and leave president trump in office

00:52:07.620 uh jeff where do people get to you over at cra your social media all of it sure so i'm at jeff

00:52:15.380 clark us on getter and uh twitter and on true social i'm at real jeff clark and the center is the is

00:52:24.100 americarenewing.com and the paper is actually up on uh citizens for renewing america if you google

00:52:31.940 uh citizens for renewing america and the 14th amendment the paper should pop up pretty quickly

00:52:36.660 on the google list jeff i'll have you back on about deconstructing the administrative state thank

00:52:42.500 you for joining us today appreciate it thanks steve we're back here live at 10 a.m tomorrow morning

00:52:48.980 it's going to be a firestorm every day so make sure you're strapped in and come really want to thank uh

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Bannon's War Room - September 19, 2023

WarRoom Battleground EP 376： Another 24 Billion For Zelensky

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