Bannon's War Room - WarRoom Battleground EP 387： Myths From The Imperial Capital

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

00:00:15.040 people off if you continue to look the other way and shut up then the oppressors the

00:00:22.000 authoritarians get total control and total power because this is just like in arizona this is just

00:00:27.920 like in georgia it's another element that backs them into a quarter and shows their lies and

00:00:32.680 misrepresentations is why this audience is going to have to get engaged as we've told you this is

00:00:36.960 the fight all this nonsense all this spin they can't handle the truth war room battleground here's

00:00:44.000 your host stephen k bannon whoa these people have got to go home and cry for a week

00:00:49.080 whoa these people have got to go home and cry for a week they've got to go do a week of hand

00:00:57.160 ringing and bedwetting over the fact that kevin mccarthy isn't speaker anymore this institution

00:01:01.520 is about more than one man your response he's pathetic i mean let's face it you can't go on 0.55

00:01:08.540 like that why are we shut down because of his antics and because what he did he knows damn well

00:01:13.420 when he stripped the speaker of his uh duties then we're powerless to move forward we have the bills

00:01:19.740 that he's talking about all stacked up we've had him stacked up should he and the other seven be

00:01:24.320 kicked out of the conference well i don't see how they can really be part of a conference when they

00:01:29.780 stand on the they come on the inside listen to what's going on and go outside and lob bombs in

00:01:35.060 the middle sounds like that's a yes yeah well you know i think it's a again i'm one of those who's a

00:01:39.880 ground up thing so i think it's important that everybody have an opposite opportunity to take in

00:01:44.960 what's happening and then make a collective decision when we get back but if it was up to me i'd vote for it

00:01:50.080 i mean it's a waste of time having conversations with these people and i think we need to start

00:01:54.880 working and going forward as a unified group

00:01:58.180 okay david joyce you got to remember this guy uh this beauty he was if you if you sat through the

00:02:05.700 appropriation by the way that's a bald-faced lie they're been stacked up because mccarthy didn't

00:02:11.600 bring them forward since july why they wanted to get down they know what the game is they want to

00:02:15.920 create crisis have a time crunch then pass a cr then pass a uh then later pass omnibus so you

00:02:22.120 never get to see them in action david joyce have you stayed up on on getter and on um on rumble with

00:02:31.100 us last week when people were up at the two and three in the morning up there watching this live

00:02:35.900 in the in the amendments and the votes in the amendments david joyce is up there i think it was on

00:02:41.020 dhs on cissa on all of it he said no you can't defund this you can't do this is one of the worst guys 0.67

00:02:47.660 around ohio ought to be ashamed of because bring him go ahead try to vote him out dude we did try to

00:02:54.000 vote him out let's see that i want to see how that works in your district 202-225-3121 they're coming

00:03:01.300 for the heroic eight what was it seven against thebes my classical education if i can remember

00:03:09.780 i think it's seven against thebes this is eight against the imperial capital eight against k street

00:03:16.560 how does that sound the uh the defense of their privileges the defense of their money

00:03:26.220 their defense of their uh sinecures and benefits on the paris on the potomac here

00:03:34.940 is it's that is foremost these guys come in they blow in out from the rest of the country and they

00:03:40.680 never leave they line their pockets they're grabbing with both hands as the country's now

00:03:45.500 in as natalie winters tells me accelerated decline natalie we'll get more into the ukraine uh

00:03:53.780 reporting you've been doing in the next couple of days but your thoughts you were able to succinctly

00:03:58.960 tell us what the stakes were what did you see over the last 24 hours and particularly i want to

00:04:04.760 highlight the vitriol anger that has come forth since this epic defeat remember garrett graves

00:04:12.200 you're fired bro uh the little guy with the bow tie they you know throwing the temper the hissy fit with

00:04:18.620 with the uh with the uh gavel you've been fired on national tv in front of your countrymen for a job

00:04:25.420 not well done natalie winters your thoughts i mean i truly think that yesterday was as historic of a

00:04:34.580 victory for the populist movement as trump's 2016 victory and 2020 victory was um and brexit and what

00:04:42.040 i mean by that is that yesterday we actually had a chance for you know the grassroots the people who

00:04:47.760 the war room posse supports to actually go up against the establishment and you know steve as well as i

00:04:55.220 do they go to every length they fight tooth and nail to make sure that we never actually have those

00:05:00.720 matchups because when they're equal handed and fair the grassroots always prevail because we are

00:05:05.500 the majority in this country though i don't think uh we're even the silent majority anymore thanks to

00:05:10.600 all the calls that the war room posse has made but i think to me the most interesting part of yesterday

00:05:16.020 and what you where you really see i think with the issues with the republican party is how garrett

00:05:21.520 graves thought that it was sort of an own to mock matt gates for fundraising from the american people

00:05:28.800 because what you saw yesterday in the republican conference i would argue was more of a referendum

00:05:34.320 on do our elected republicans fear house leadership more or do they fear their voters the constituents

00:05:42.400 the grassroots you know the war room posse more and unfortunately most of the conference sided with

00:05:49.000 fearing leadership right just standing up to defend the historic speakership of kevin mccarthy and if i

00:05:54.860 hear one more time about how hr2 secured the border uh or hr1 and you know great energy prices and i just

00:06:01.720 have to look at the videos that ben burquan produces or go to a gas pump and see that cool that didn't

00:06:07.460 materialize just like none of their investigations have materialized into actual accountability i think

00:06:13.560 we're sort of at the same point where i think donald trump was such a providential instrument in

00:06:18.060 helping us realize the problem right whether it was the republican establishment the apparatus

00:06:22.380 the mainstream media but i think for so long we haven't been able to get granular

00:06:27.080 um on who actually represents us in congress who is actually with the mag base you know trump endorsements

00:06:35.280 and trump tweets aside so that's why i think yesterday really was so important not just for

00:06:41.540 the significance of of austin kevin mccarthy but i think that we really have obtained sort of a battle

00:06:47.520 plan and we can reverse engineer you know the people that we need to get out which unfortunately

00:06:51.980 there's about eight that we should or guess 11 if you want to be nice that we should keep um but i

00:06:57.160 really don't think the gravity of um of yesterday should be lost on anyone just not only on the fact that

00:07:02.740 dan crenshaw and all of his colleagues were were crying but it also shows you that they haven't

00:07:07.720 you know that they went right into recess i think it was patrick henry who said give me liberty or give

00:07:12.440 me death and you have patrick mckenry saying give me recess or you know give me death i think it shows 0.82

00:07:17.960 you how far this country has fallen um but it's all part of the game they want to jam us against that 45 0.98

00:07:24.780 day deadline to pass another cr and blame it on matt gates which is just the most ridiculous

00:07:30.400 outlandish shocking point that i've ever heard almost outlandish as uh the house republicans

00:07:36.020 yesterday saying kevin mccarthy has done a great job as speaker of the house because we passed

00:07:40.180 single subject uh spending bills it's like well you did that because the war room policy and people

00:07:46.920 like matt gates forced you to you don't get to take credit um for something that you did with a gun to

00:07:51.480 your head um so i think we should celebrate the victory but uh as you know they come back

00:07:57.040 uh with a vengeful fighting force so we'll definitely have to double down in our efforts

00:08:01.680 natalie have you ever seen republicans like graves and these guys have you ever seen them fight

00:08:08.160 to close the border you ever seen them fight uh doj and and the weaponization of doj or the fbi or

00:08:15.840 what happened to the people in january 6 have you ever seen them fight the chinese communist party

00:08:21.240 is there any topic of all the pressing doubt the invasion of the southern border the bioweapon that 0.77

00:08:28.480 was let off us on wuhan have you ever seen the passion and the anger ever of the establishment

00:08:37.140 fighting in the viciousness vitriol and hatred that they're coming after uh the populist movement ma'am

00:08:45.980 uh no i'm maybe in this congress only against uh gas stoves that seems to be the only bill that

00:08:52.780 they could they could pass um substantively i've become very jaded these last few days no um but

00:08:59.900 no they haven't and frankly i think it's all the more ridiculous that you see these people pushing

00:09:04.800 the same talking points you know that the left wants to use to say donald trump shouldn't run again

00:09:09.820 whether it's the 14th amendment or saying he shouldn't be able uh to run because he's such a you know

00:09:14.180 destruction and a cancer to society that's effectively what they're saying what they want

00:09:18.360 to do with matt gates um so instead of trying to shut down the weaponization of government it seems

00:09:25.220 like they're actually just you know taking a poor man's ripoff of these you know law fairs peter

00:09:30.040 navarro calls it you know woke fair tactics um to actually make democracy less of a thing to have it

00:09:37.360 harder to elect actual maga representatives which is of course what they're trying to do but

00:09:43.200 i mean someone i saw i forget which congressman some congressman tweeted that one of the most

00:09:49.600 historic things that kevin mccarthy ever did was establish the china select committee and i mean i i

00:09:57.360 lost it i started laughing out loud what good has come from that committee it's the same you know

00:10:03.720 neocons who since 2010 have been saying china's going to collapse they bring them in for hearings

00:10:08.860 they use their same old washed up talking points that never get to the heart of the issue they want

00:10:14.140 to talk about confucius institutes when meanwhile our pension funds are quite literally building the

00:10:19.760 rise of the chinese communist party and the same people you know profiting from this whole pension

00:10:25.520 fund scam are the ones funding kevin mccarthy to begin with and they want to talk about confucius

00:10:31.780 institutes and confucius classrooms on the k through 12 level they're just behind the eight ball but i

00:10:38.440 think the the the sobering moment is when you realize is that it's not incompetence it's purely

00:10:45.620 intentional um and i mean just look at the house gop twitter account the stuff that they tweet is so

00:10:53.020 insulting to the intelligence not just of me and you but i mean to everyone to all americans

00:10:58.920 tweeting things like accountability is here on the day of that you know shameful impeachment hearing

00:11:05.500 tweeting two days ago that americans are smart and we can see that the economy is great it's just

00:11:11.440 insulting but i think we've hit the point and yesterday was sort of i think a tangible palpable

00:11:16.880 way of actually really feeling it where where the people are fed up and i know it sounds so cliche to

00:11:22.940 say that but um i really think the primary season is going to be extremely interesting this year i think

00:11:28.120 there's going to be a lot of people throwing their hat in the race because i think people are really

00:11:32.400 done with the talking points they're done and i love when they say to matt gates oh you're just doing

00:11:38.660 this to go on tv you're just doing this to go on fox news or mark levin saying that the uniparty is

00:11:45.720 mccart is mccart or sorry is mcconnell jeffries schumer and gates i mean honestly some of the worst

00:11:51.880 takes that i've ever seen in even in my short life um but it just shows fundamentally that these

00:11:58.400 these people don't get it to say that matt gates is doing what he's doing to get on fox news

00:12:03.800 they don't understand that we are at war with fox news that the murdochs don't represent us 0.97

00:12:09.340 so it's they're so all over the place because they don't believe in anything they just have fealty

00:12:14.500 to leadership and leadership ultimately is fealty to the lobbyists and the donors and probably the

00:12:20.680 chinese communist party and the ukrainian government uh last thing before i let you go

00:12:27.100 i want your assessment of this because i'm gonna bring philip patrick's second we're talking about

00:12:30.740 capital markets and obviously the cr the the the the overall deal on appropriations and these are

00:12:36.860 going to be brutal battles folks they're coming in a couple of weeks and these are going to be

00:12:40.640 brutal all-nighters in this natalie as sure as the turning of the earth the establishment is going

00:12:49.360 to try to jam in with a two trillion dollar deficit and not able to pay for any of this they're going

00:12:54.460 to try to jam in the down payment on the 80 billion this year for ukraine somewhere between six and

00:13:00.420 24 billion and they're outraged outraged that we were able to stop them do you think the american

00:13:07.380 people and what will it take over the next couple weeks to expose this it's not even blatant corruption

00:13:13.740 it's worse than that it's it's a it's american citizens that are working really for the ukraine

00:13:21.200 oligarchs not the ukraine people for the ukraine oligarchs to take taxpayer money and to fund something

00:13:27.700 that clearly has we're at the end of the strategic objectives of this uh etc what do you believe it

00:13:34.680 will take and and do you think of that was exposed that not just the war room posse and the in the

00:13:40.740 and what we've provided a platform for but all the american people right we know 55 or 60 don't want to

00:13:47.640 give you more money but we could get to the other 20 or 30 percent i mean i think it'll take donald j

00:13:54.000 trump for speaker and i and i don't say that just for for the quits but i say that because you need

00:13:59.220 someone who is outside of the system you need someone who is not beholden um not just you know

00:14:06.220 we talk about democrats and plug and play like gavin newsom but some plug and play leadership hack you

00:14:11.320 know i'm glad that names like jim jordan and scalise and donalds have been floated but remember where they

00:14:16.060 were on the cr remember where they were on actually defunding the government people like that and that's

00:14:21.700 where i think maybe the only sort of sobering moment for me is like well i'm glad we got kevin

00:14:26.060 mccarthy out but maybe it was a fool's errand because who do we replace him with right there's

00:14:30.100 not that many great people i would argue it should be one of the eight that voted to oust him but i

00:14:34.740 don't think that they could ever garner the votes because the lobbyists and donors and special

00:14:39.200 interests would never allow it um but fundamentally we need someone like donald trump um because otherwise

00:14:45.400 i mean i i think that jim jordan's of the world i think unfortunately i mean sure they're marginally

00:14:52.420 better than kevin mccarthy um but they still have the conflicts of interest they're still a part of

00:14:57.660 that that fundamental the apparatus that is the uniparty um that i think at the end of the day

00:15:04.240 the fealty is to them it's not to the voters um and you need someone like donald j trump who can

00:15:10.040 actually shake things up and who doesn't have you know the fact that kevin mccarthy never kicked

00:15:15.380 nancy pelosi out of the hideaway office i think that sort of indirectly proves that the uniparty

00:15:21.340 exists and that nancy pelosi probably had some sort of blackmail on him or he's just a true beta male

00:15:26.300 like you've always said um but these people work in lockstep and you need someone who is above the

00:15:32.480 fray and empirically battle-tested battle-proven that man is and always has been donald j trump

00:15:39.820 natalie how do what's your social media how do people follow you

00:15:44.300 i realize i uh i'm a little more fun during war room battleground uh so if you want to follow me

00:15:50.860 you can go to natalie g winters on all social media platforms

00:15:55.700 we always have a little more fun on battleground we can the the clock is so different that we can

00:16:01.740 we can have some time to expand thank you so much natalie great reporting

00:16:04.780 thank you and really great analysis great assessment thank you i want to bring in philip

00:16:10.460 patrick philip 30-year mortgage eight percent um 10-year treasury and the audience has been

00:16:20.780 trained now they've learned they've been educated that the 10-year treasury basically sets the framework

00:16:25.660 for their economic and financial life that's getting it close to five percent uh long bond is

00:16:32.020 close to five percent still inverted yield curve but everything's risen so high bond market

00:16:37.400 eviscerated unrealized losses on these banks balance sheets are in the hundreds and hundreds

00:16:42.760 and hundreds of billions of dollars stock market getting crushed just give me i want you to pull

00:16:48.380 back and give the birch go what what is your assessment of where they're standing you saw this

00:16:52.440 huge fight and they don't want to admit it they they they they want to say that the debt deal they

00:16:57.400 did with biden was great that this is the most successful group of guys ever had that the debt deal

00:17:01.040 is great and the cr doesn't matter and you know they're walking around here oblivious to the fact 0.86

00:17:06.900 oblivious to the fact that we're in a financial crisis sir yeah i mean nobody wants to talk about

00:17:15.280 the issue you're absolutely right look under mccarthy the house of representatives punted once again and

00:17:21.860 they got very little in terms of compromise on the back of it and the decision cost him his position

00:17:27.260 a speaker and rightfully so as you've said yourself a continuing resolution is not an appropriate way

00:17:33.960 to fund a government right it's popular today because special interests can get their payoffs

00:17:38.960 without any accountability right in a proper budget legislators have to at least reveal whose pockets

00:17:45.240 they're in and i think that's why these crs have become business as usual in washington because a lot of

00:17:51.020 elected officials don't want taxpayers to see how the sausage is made now the broad problem i think

00:17:57.580 is congress is still acting like postponing hard decisions makes them easier and i think we've learned

00:18:03.420 it's simply not true right now kicking the can further down the road hoping that by the time the bill

00:18:10.480 really comes due you're going to be retired and working for some k street lobbying firm now what was

00:18:16.820 encouraging and i think natalie sort of suggested this and rightly so was that at least we're seeing

00:18:22.840 now that there's still a few sensible people in dc who are willing to draw a line in the sand and say

00:18:28.260 no more but we've got to be very clear about something this was ultimately a small battle in what will be a

00:18:35.720 very hard-fought war that i think will determine the direction of this country for the next century

00:18:41.180 now you know we talk about a battle over two percent of the total annual spending and it may seem absurd

00:18:48.800 but it's important because i think it shows now that the gop is serious about the problem the days

00:18:54.260 of capitulation are over the real battle though is going to be addressing the ticking time bomb and

00:19:00.040 that's 33 trillion dollars of debt that we have to get under control i think it should be clear now

00:19:06.800 to everybody out there with a brain that spending our way into prosperity is a fantasy and i think the

00:19:14.180 reality is until we stop running a deficit the situation will get worse not better and as time

00:19:19.460 goes on the fights are going to get bigger and the stakes are going to get higher so this is a small

00:19:24.400 step in the right direction but we got a lot to fight for still

00:19:27.740 i want to go to this what is your sense of let's take the intro the structure we had from the financial

00:19:36.240 collapse in 2008 for the audience that maybe haven't had a chance to read the end of the dollar empire

00:19:43.180 or has been a part of the audience for years we've gone through this the structure they totally changed

00:19:50.900 the structure to save the elites to go to basically zero interest rates negative interest rates and

00:19:55.960 flood the zone through the fed with liquidity so now that was 2008 we're what 15 years later 15 years

00:20:02.920 on all of a sudden with biden's massive federal spending basically acquiesced to buy the uniparty

00:20:12.140 elite in the republican party that could have blocked this at any time could have blocked it at any time

00:20:17.420 they went along with it this massive inflation to keep up with this the fed and the central banks have

00:20:23.100 now raised interest rates 500 basis points i think in the shortest time or maybe volker did it quicker but

00:20:29.380 in in living memory and and so where is that going to leave the the average person in this environment

00:20:35.780 right now i mean you mentioned yourself home prices earlier look at the numbers right home prices have

00:20:41.500 riven 40 over the last three years vastly outpacing wages homes now are less affordable than at the peak

00:20:48.660 of the mid-2000s housing bubble now a mortgage is considered affordable if principal and interest

00:20:54.760 payments are 25 or less of a family's income today it's 44 people would need a 14 pay hike just to

00:21:03.360 make a home affordable look at rents for the first time in decades rent to income ratio reach 40

00:21:10.180 making it one of the least affordable rental markets ever now as you mentioned and increasingly

00:21:15.980 sort of in an environment now where we've expanded the money supply by 34 now we're raising interest rates

00:21:24.280 to fight the inflation that they created now individual homos are feeling the squeeze and 1.00

00:21:30.660 you know it's impossible now for most americans to make ends meet which is why as we've said

00:21:35.420 credit card debt is skyrocketing defaults are skyrocketing this is the reality for the american

00:21:41.160 people so people in dc can dress it up how they like but the reality is people are hurting and it's all on

00:21:47.440 the back of these policies money printing low interest rates which have lined the pockets of the elite

00:21:53.440 but it's the american people the middle classes now that are suffering it's it's it's a disaster

00:21:58.500 um i want to go back to you got a great phrase in there uh you're they're under the um impression or they

00:22:09.340 want to give the impression that you can delay that delaying hard decisions makes them easier to make in the

00:22:15.900 future i want that our political elite and really our financial elite because they back them up

00:22:22.620 have sold that as kind of the drug that's out there this is kind of the emotional reporting you see on

00:22:27.680 this topic on cnn or msnbc or fox where they're you know it's all about the people that are not going to

00:22:32.700 get their stuff they we understand there's going to be hard choices but what do you mean by that that

00:22:36.980 that the myth of this imperial capital is that delaying hard decisions makes them easier in the future

00:22:44.660 sir i mean look this seems to be the mindset that they have we have we have had many opportunities

00:22:52.060 to deal with these issues and we've deferred and i don't know if it's because they believe things will

00:22:57.060 get better in the future or they are like i said trying to put a band-aid over the problem and let the

00:23:03.840 next guy deal with it but that's what the system has become and we've started using money as a financial

00:23:09.800 tool to do that right by printing money by keeping interest rates low we kick the problem down the

00:23:15.120 road and we let the next guy deal with it but the problem is time and time again this problem has been

00:23:20.120 mounting and mounting and mounting and we're getting to the point of no return the reality is the world

00:23:24.920 doesn't work like that we all know it the longer you leave a problem you let it fester it gets worse

00:23:30.480 and worse and worse over time and this is something they need to understand in dc it's it's playing out

00:23:36.400 in front of our very eyes what about you talk about this is gates's uh phrase rip the band-aid off

00:23:43.980 what do you think has to happen we got a couple we got a few minutes i want to hold you through the

00:23:47.840 break uh and appreciate you being on uh what resolve do we have to show the maga base this show the

00:23:56.140 people we support what steely resolve do we have to show in the next couple of weeks to demand that

00:24:01.180 the cr gets uh that we we meet all the guidelines of the cr we get the budgets done we have the

00:24:07.080 we have the conference and hammered out with the senate and we get it to biden's desk for him to

00:24:12.220 sign what type of steely resolve we have to have to make to make sure that we can deliver look the

00:24:17.240 american people need to stand firm they need to know their need to let their elected officials know

00:24:22.140 that enough is enough the spending has to stop long term we cannot be running a deficit year on year

00:24:29.760 and think that somehow this debt is going to disappear look at what's happening to us on the

00:24:34.840 global stage look at the american dollar matt gates said the other day you can't even bribe a democratic

00:24:41.720 senator with with us dollars anymore we need gold bars to do it and obviously it was said in jest but

00:24:48.500 there's some frightening truths behind that it you know the dollar is turning into to it's becoming

00:24:55.160 worthless an 18 loss of purchasing power in three years is becoming a problem for everybody domestically

00:25:01.340 here in the united states it's becoming a problem for governments around the world and we are losing

00:25:05.820 our position as world leader and this is what i always say this is where one presidential term becomes

00:25:12.500 very very dangerous look we will get through this inflation problem eventually we'll deal with the

00:25:18.040 recession that's on the horizon we start to lose the political game on the international stage

00:25:23.800 it's done the world distances from the dollar they're not coming back to it that's where one

00:25:29.020 presidential term becomes dangerous but we've got to curb the spending we've got to do it now we've got

00:25:33.880 to go out there and put pressure on our elected officials to make sure that they're putting our

00:25:38.600 interest forward because right now they're not they're looking after interest groups and that's how

00:25:43.560 decisions are being made they need to start looking at the american people and that means pressure from us

00:25:48.400 um i tell you what philip can you hang on for a second i want to talk about the series and

00:25:54.560 particularly about the new uh part i don't think a lot of people understand kind of the railhead of

00:25:59.980 how we got here you know we talk about the 70s we talk about the later part of the 70s uh with paul

00:26:05.300 volcker and then ronald reagan coming on the scene in the early 80s we don't we don't really pull it back

00:26:10.020 and go back to 1971 the railhead of the assassination of american prosperity we're

00:26:16.040 going to take a short commercial break philip patrick make sure you go to philip uh go to

00:26:19.680 birchgold.com slash bannon you get the entire end of the dollar empire also you can talk to philip

00:26:26.120 patrick and the team about why the federal reserve is focused on a central bank digital currency and the

00:26:31.980 bricks banks the central banks throughout the world are um buying gold at record rates short commercial

00:26:38.620 break we're gonna return in the war room with philip patrick of birch gold in just a moment

00:27:08.620 are you tired of progressive corporations and exhausted trying to keep up with all the virtue

00:27:15.140 signaling when you're simply trying to buy products progressive corporate america continues to push

00:27:22.400 messaging that further alienates conservative americans all while eroding the future of the

00:27:29.180 american dream it's prominent all over the country companies like starbucks strong-arming their

00:27:35.340 customers to support abortion financial services like paypal canceling customers for their political

00:27:40.940 views makeup companies like maybelline making a mockery of women by supporting transgender models

00:27:46.840 and beer companies like bud light forcing gender ideology on you when all you want is to enjoy a cold

00:27:54.040 beer thankfully we don't have to fund these companies any longer with our hard-earned dollars with

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00:32:42.820 war room battleground with stephen k bannon

00:32:48.300 okay welcome back philip before i want to go to 1971 before i do that i want to ask you the

00:32:55.920 this is not just a problem in the united states this this macro problem of uh fiscal irresponsibility

00:33:04.360 fiscal irresponsibility of the parliaments or legislatures throughout particularly uh the western world

00:33:11.120 uh that has been backed up by the um acquiescence of central banks i mean one of the reasons we have

00:33:19.760 i think it's three hundred and fifteen trillion dollars globally at every level of debt we're the

00:33:26.020 most over leveraged and now these interest rates that's what you're going to see go through like a

00:33:30.740 sith through grass what's going to happen here is the over leverage but you've had these you've had

00:33:37.560 fiscal responsibility everywhere from the united kingdom all all over europe now today uh there's

00:33:44.220 articles major articles are saying hey the local debt crises at all these localities throughout england

00:33:50.440 that can't pay their their debts back that's starting to aggregate up to a problem that they

00:33:54.780 got to consider they may have a sovereign debt crisis and then in italy today in the financial

00:33:59.340 times huge story is italy the next guys to have a sovereign debt crisis is that what we're hurtling to

00:34:05.140 i mean the united states we can't default because of the prime reserve currency but essentially we do

00:34:11.380 default do the inflation and the drop in purchasing power we default on the guys holding the federal

00:34:16.660 reserve note that would be the american citizens and also the brics nations this is why the watchword

00:34:22.460 there is de-dollarization sir yeah it's absolutely right and we are this is this is a problem really

00:34:29.780 predominantly amongst western nations at the moment who i think have become greedy and it's not really

00:34:35.740 working but um you're right and i think you know there's a there's a split happening globally between

00:34:40.980 the west and the east brics nations are seeing us now i think as weak financially insolvent and they're

00:34:47.060 using it as an opportunity to try and move in and garner some control but it's not a us only problem as

00:34:53.180 you mentioned i mean the uk at the moment is a mess things are not running local governments aren't

00:34:58.840 funded trains aren't running it's reminding me of of england back in the 1970s before thatcher really

00:35:05.080 reformed the country so that's actually the only thing really saving the u.s dollar at the moment

00:35:10.720 shorter term is that it's you know other currencies right now are in worse shape so this is not a u.s

00:35:16.700 centric problem we have the biggest debt we're leading the world in that respect the key for us is

00:35:22.220 that we're global reserve currency like you said we can't default if we start to lose that we've got a big

00:35:28.040 big problem on our hands i want to go back to the railhead of this the fourth installment everybody

00:35:34.600 go to birchgold.com slash bannon right now uh and besides all the great advice and everything that

00:35:40.800 birchgold can tell you about your tax-free and your 401k ra they've been great as instructors

00:35:47.680 helping us as instructors for the war in posse to get people up to speed on the politics of currency

00:35:53.640 on the debt trap and this last one you and i talked about this and where it would be the best

00:35:58.520 lesson we could have for this time we said let's go back to the railhead because and here's the

00:36:04.160 stunning thing we did the research i think there's only been one or two books written about this is

00:36:08.500 one of the most important consequential uh events in all of american history and particularly

00:36:15.560 modern american economic business and political history and it's never talked about it is you can

00:36:23.140 tell the apparatus and in fact in a hat tip to you and your research team i didn't know this i didn't

00:36:30.300 realize until we started doing the research that this is an emergency executive order signed by nixon

00:36:37.500 to make the dollar not convertible into gold at that time 35 dollars an ounce over a weekend they came

00:36:44.780 of an executive order because i think they couldn't even take it to to the justice department the

00:36:49.460 office of legal counsel which which basically gives opinion on opinions on executive orders to make sure

00:36:55.680 they're they're they're constitutional not people should remember back at the travel ban you know

00:37:00.900 when people were coming out so we know the trump's a fascist bannon's uh he hates everybody they're 0.67

00:37:06.940 shutting down no the oh we had an opinion and later the the supreme court goes no this is within the

00:37:11.760 constitution nixon and these guys over a weekend essentially assigned an emergency executive

00:37:17.160 order never went out and passed into law because the american people would never in a million years

00:37:22.100 pass something that took the dollar off of convertibility to gold they just jammed it tell me

00:37:28.120 about that august 13th to 15th 1971 one of the most important weekends in the history of this country sir

00:37:34.180 yeah you're absolutely right and this was the most important economic decision arguably ever for the

00:37:41.760 country and as you say it happened over a weekend with very little planning we essentially as a

00:37:47.660 nation embarked on a massive experiment uh experiment of of keynesism and and today we're living in the

00:37:54.920 ashes of that we're seeing the the realities of it and it was very predictable but you're absolutely

00:38:01.120 right so in in 71 nixon was confronted with a problem since the end of world war ii the world had been

00:38:07.040 running on dollars which were convertible for gold deficit spending though meant that there were four

00:38:12.280 dollars out there for every one dollar of gold and the largest gold reserve in history the u.s gold

00:38:18.300 reserve was sold off bit by bit by bit and it went from 26 000 tons to around eight so instead of letting

00:38:24.160 the the run on the bank continue nixon defaulted by temporarily removing the u.s from the gold standard and

00:38:31.280 of course that ushered in the age of unconstrained money printing that we're living in today by the way

00:38:37.480 since that date the dollar has lost 86 percent of its its purchasing power and it's allowed governments

00:38:43.780 to go and spend carte blanche and like i said we're we're seeing the the the realities of that today

00:38:50.100 isn't this the whole purpose of of fdr in the 30s doing temporarily and then with all the they threw

00:38:58.800 everything up at the wall they possibly could throw up and then this was the guns and butter this was

00:39:03.680 the great society and vietnam war all together later the the rearmament for take on the soviets but

00:39:11.380 nixon did not want to make tough just like here and i'm i tell you philip patrick and people know this

00:39:18.700 the greatest homage i can give to somebody is when i steal a great phrase right delaying the heart i keep

00:39:25.360 saying all the easy choices are behind us but the better way you do is you say delaying hard decisions

00:39:30.900 they think they're making they will make for easier decisions later on the exact opposite this is what

00:39:37.280 happened with nixon those guys nixon really did a deal daniel patrick monaghan one of the great brilliant

00:39:42.560 kind of a today would be a right-wing conservative democrat then was considered a liberal he came to his

00:39:48.560 domestic policy and they made a decision to keep the new york times off their back to keep um to keep

00:39:55.760 uh the the the establishment media off his back he wouldn't touch any domestic programs he was not

00:40:01.880 going to cut one penny at anything in the great society in fact nixon would add epa he would he would

00:40:09.040 add a bunch but he also wanted not just prosecute the vietnam war he wanted to then pivot and take on

00:40:14.960 the soviet union um this led us to the point of they have to get off the discipline the discipline

00:40:22.040 that precious metals gives them right because you can't you can't uh you can't uh get around it it's

00:40:28.540 it's a it's a disciplinary function it has been since the beginning of time to make sure that

00:40:32.920 governments can't take a fiat currency and essentially they always bury the same people

00:40:36.880 the little guy the little guy's always the god's got to take got to take the uh he's got to take the

00:40:43.320 confederate dollar is the guy that uh is the guy that ends up losing sir yeah you're you're absolutely

00:40:49.620 right and it's funny i get asked all the time do you think the u.s will go back onto a gold standard

00:40:54.180 and i always say listen if it happened it would be fantastic for the country i don't think it's

00:40:59.120 going to happen and the reason that i say i don't think it's going to happen it would ultimately involve

00:41:03.460 very selfish legislators to vote to tie their own political hands behind their back as we've said

00:41:10.320 before money printing overspending now is a political tool that people use to buy votes

00:41:16.420 to kick problems further down the road and that's why they don't like the gold standard here in the

00:41:21.880 u.s anymore but we need to constrain government spending i don't think a gold standard is going

00:41:27.360 to happen today but we got to find a way to do it i do want to um lay out that uh as ej and tony was

00:41:35.460 on here the other day we've three central banks three central banks were before the fed and we

00:41:42.540 all got rid of them and this was general andrew jackson one of our greatest and not the greatest

00:41:46.920 populist president next to president trump was this was his career on the bank of the united states

00:41:52.400 um the federal reserve is a problem the governance of the federal reserve is a problem that must be

00:41:59.060 dealt with and the other thing i just want to tell everybody remember and while she should listen to

00:42:03.580 this particularly since we're going to take the white house in 24 and and really take charge in

00:42:07.900 in january 25 philip it's just an executive order at the end of the day it's just an executive order

00:42:14.160 it could be rescinded now you can't go back to 35 an ounce uh but you know it's just an executive

00:42:20.500 here's the reason executive order it was an executive order philip they knew that and they used

00:42:27.040 the timing for the emergency but they knew there was no way they could go to the american people

00:42:31.360 particularly in the 1970s and say oh by the way we're going to pass a law here in the congress

00:42:36.520 and we want the we want the house and the senate both to prove it and nixon assign a law a law that

00:42:42.400 gets us off uh essentially the gold standard convertibility is gold that would have been

00:42:46.580 the american people to like 90 90 90 10 said not not on your life you're not doing that impossible

00:42:53.960 yeah i mean it's unbelievable right you can get a decision like that through without the people

00:43:01.980 voting it was the most important economic decision for this country ever and you force it through it

00:43:07.460 it's unbelievable but the more time goes on the more believable it becomes with with with

00:43:12.560 politicians as they are but you're absolutely spot on

00:43:15.040 okay um i want to uh where do people go you guys were provided great service you can go now

00:43:24.760 this is totally free and the birch guys have been tremendous to do the research help with the

00:43:29.060 writing the graphs this will be an eye-opener it's the fourth free installment you go to

00:43:33.820 birchgold.com slash bannon you get all that you can download it free you can pass around and share

00:43:39.220 it where do people go that now have questions about hey i i i you know gold's been a hedge

00:43:44.960 for i don't know 5 000 years right it's pretty good track record where do people go i want them to

00:43:52.220 immerse themselves what we're trying to do is give people access to the smartest people in the world

00:43:56.680 and then immerse themselves in information where do people go so you go birchgold.com forward slash

00:44:03.440 bannon again birchgold.com forward slash bannon what that's going to get access to first of

00:44:09.180 the reports history is very important right it's no it's not an indicator of the future but it

00:44:14.800 tells us a lot learning the history understanding how we got to where we are today that's going to

00:44:20.020 be very important so you can get the the four reports end of the dollar empire birchgold.com

00:44:25.860 slash bannon you can also for those that are interested in learning more about how to invest

00:44:30.540 in physical precious metals they'll get a free information kit at the same place that can guide

00:44:35.860 them through how to how to get this done as you've said many times before they're going to have

00:44:40.420 access to many people like myself at birch that are there to hold people's hands explain everything

00:44:45.420 and guide them through the process so birchgold.com forward slash bannon fantastic philip thank you and

00:44:52.980 thank the team over birchgold for for doing this and getting out to the posse all free which is amazing

00:44:58.020 thank you so much incredible thank you steve when philip comes in and we talk about 30-year

00:45:04.200 mortgages we talk about the 30-year bond we talk about uh we talk about um uh you know the 10-year

00:45:10.920 treasury it's a set the framework of what these debates are other people don't want to talk about

00:45:14.740 that and they talk about it in detached from what reality is what reality is there's going to be so

00:45:21.200 much more of this in the coming days i want to go now uh some people i know very well have made an

00:45:25.660 incredibly moving film mother theresa and me it opens for one night only throughout the nation i think in

00:45:31.520 800 theaters we're going to make those theaters accessible to everybody online but i want you

00:45:36.060 to see this trailer i'm going to say a few words about let's go and play it

00:45:38.520 you're pregnant young lady what should i do rest for a bit can you still have time to think about it 0.74

00:45:50.300 you'll have to have an abortion i know you can't keep it i don't know i don't know what to do 0.94

00:45:56.520 you know how quite well didn't you mother yes tipali most people when in total doubt just

00:46:13.340 give up on their dreams she didn't

00:46:16.520 i need to take dying people off the streets you have to give me a place for them now 1.00

00:46:24.280 some hindus might not accept you they might suspect you want to convert them 0.99

00:46:30.820 if you want to destroy this place take me and kill me instead 0.99

00:46:36.520 darkness that's all i can see what do i need to know for christ's sake we just wanted to protect

00:46:46.820 you i was so wrong with so many things i'm lost father why does jesus not love me anymore

00:46:57.280 are you here to save humanity or just yourself fate might be obscured by the clouds of doubt

00:47:11.460 i don't know how long i will have to start to live without fate without love

00:47:27.280 okay uh tomorrow you know fathom are the folks that put these in theaters throughout the country

00:47:35.880 for one night only uh we've got the website grace and mo have it i want everybody to check it out

00:47:41.140 in your area it's a very moving film it tells the parallel stories about mother teresa's life

00:47:46.280 of coming from the balkans and and getting to calcutta in her life and what became you know

00:47:52.800 she became a saint but she struggled a lot with her faith and she obviously struggled a lot in in

00:47:59.140 the slums there um it's just incredibly her story is moving but then you've got the modern story

00:48:04.320 of the young woman that has to face these questions about uh about life and abortion and all of it so

00:48:09.880 it's a very uh moving film i know the filmmakers quite well they've taken a long time to make this

00:48:14.300 you know the budget they had it's kind of an epic so make sure you go check it out uh and if you can

00:48:21.060 support it it'd be great mother teresa and me one night only will be tomorrow in the united states

00:48:26.720 i think in 800 theaters so a grace and mo will help you to that i want to leave you so um

00:48:33.100 things are intense i can tell you right now on capitol hill in the imperial capital i've never seen it

00:48:40.920 more vicious i've never seen it nastier i've never seen it meter and that's on our side of the football

00:48:46.520 because remember these uh these uh uniparty elites they don't get this mean and nasty about what's

00:48:53.660 going on at the destruction of our country or the southern border or what's happening in our schools

00:48:57.020 no you see what happens when you go after their privileges you see what happens you go off to cut

00:49:02.040 off their money and today uh we're going to give you leave an example i think it plays about three

00:49:07.340 three and a half minutes i want to end the show with um i want to end the show with uh this clip

00:49:14.220 of brian kilmeade and brian is i've known brian a long time and he's he's brian's a very decent guy

00:49:19.800 he's written some terrific books he's a good man but he went after one of the best guys we met up here

00:49:25.360 and this audience really is the the people that saw him first was tim burchett and i will tell you

00:49:30.120 tim burchett is like the folks from east tennessee that he represents this is a good decent hard-working

00:49:36.460 american deeply religious and as people know over the last couple days he struggled he struggled with

00:49:41.860 this vote he wanted to make sure he was right he was deep in prayer he told me a number of times

00:49:45.740 he was really reflecting on this and this is emblematic of the disrespect that uh this movement

00:49:53.820 is getting um and it's not going to be tolerated not just going to sit here and take it no no no no

00:49:59.740 it's not going to happen uh it's unacceptable and uh we're going to do something about it we've

00:50:06.060 already done a lot about it you saw that debate yesterday that debate that they lost was a debate

00:50:11.660 between kind of fox news rnc talking points in the war room so let's go ahead and take this will

00:50:17.480 take us out of the show okay tim burchett on fox news we'll see tomorrow morning at 10 a.m

00:50:21.880 the people in i got it what do you think he's going to do for the republican party and chances

00:50:26.240 of holding on to leadership and the majority when it looks like you're having you're the ringleader of

00:50:31.320 a circus led by matt gates who likes to blow things up but not offer any new ideas are you happy

00:50:36.900 following matt gates is that your leader i'm not following matt gates i made my own decision i

00:50:42.440 didn't ask but if matt gates didn't challenge you weren't going to challenge do what if matt

00:50:48.200 gates didn't stand up you weren't going to challenge you know that i believe i i believe i would have

00:50:52.240 oh come on and they're oh well please you know praying about it one minute the next minute you're

00:50:57.260 going to lead an insurgency so you don't think that praying about it's important is that what

00:51:01.540 you're saying one minute you're praying about how you're going to vote with matt gates and the next

00:51:06.080 minute you're going to lead an insurgency listen you got a predetermined answer to everything i

00:51:11.380 i have an opinion about what's going on do you have an opinion too and you talk over me every time i

00:51:17.360 try to make all right make your point the point is is that we're 33 trillion dollars in debt this

00:51:23.100 speaker was woefully woefully lacking in leadership skills he always placed the blame somewhere else

00:51:29.140 america is going to be better off with new leadership right and who is it

00:51:33.060 that probably could possibly could be steve scalise it could be elise stefan it could be roger

00:51:38.440 williams out of texas it could be um uh mark green out of tennessee so they all supported they all

00:51:45.280 supported kevin mccarthy including the most conservative guy i know jim jordan why are you

00:51:49.620 smarter than jim jordan and and the 210 plus republicans why are you smarter i represent my district

00:51:58.200 brother and why are you smarter than me you're condemning me because i stand up on my own and

00:52:03.180 that's i'm not condemning you i'm questioning you you don't like being questioned you're no you're

00:52:07.600 just you're the line of questioning is very negative and you know that and i know that you

00:52:12.460 and and when this is all over with when this is all over with and we have a new speaker and we're

00:52:17.580 running smooth let's have this conversation again were you happy with john boehner i wasn't here with

00:52:23.700 john boehner paul ryan oh i'm they're both rhinos i mean why do you they're not they're not in my 0.65

00:52:30.480 camp anyway so i but i i wasn't here when they were here so you had 15 yeses for uh every round

00:52:37.160 you vote for kevin mccarthy but you think he's the problem right now i sure do it's part of it he's part

00:52:43.460 of the this this whole problem when you don't when you deny that there's a problem when in in this

00:52:48.620 dysfunctional washington brother that you then you know there's a problem you can't who did i

00:52:53.500 there's a problem you can't take get past the the fact we take in five trillion we spend seven

00:52:58.760 trillion and this and and leadership i'm fascinated the way you blame kevin mccarthy that you're that

00:53:05.460 you're 33 trillion dollars in debt but you're going to get a new leader i'm sure he's going to solve

00:53:09.760 everything well i'm surprised that you give him full credit for all the successes i i because we

00:53:15.000 i don't think you should take all the blame well why why are we backing it up we had nine months

00:53:21.580 exactly that's a great point why do we wait nine months to do something about the wall something

00:53:26.120 about the budget something about well we never did anything about term limits which i watched him for

00:53:30.680 115 minutes he was doing he was doing an awful lot but not enough for you uh tim burchett uh congressman

00:53:36.680 thanks so much thank you brother it's been a pleasure all right 19 minutes before the

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Bannon's War Room - October 05, 2023

WarRoom Battleground EP 387： Myths From The Imperial Capital

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