Bannon's War Room - February 17, 2024


WarRoom Battleground EP 475: The Witch Hunts On Trump; Taking Back The Banks


Episode Stats

Length

54 minutes

Words per Minute

168.51964

Word Count

9,236

Sentence Count

33

Misogynist Sentences

12

Hate Speech Sentences

19


Summary

Donald Trump was found guilty of fraud and conspiracy to defraud the United States of millions of dollars. He was sentenced to a fine of $ 355 million, but the jury found him not guilty of the actual fraud, but of conspiracy to commit fraud.


Transcript

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
00:00:14.180 people off if you continue to look the other way and shut up then the oppressors the authoritarians
00:00:21.940 get total control and total power because this is just like in arizona this is just like in georgia
00:00:27.720 it's another element that backs them into a quarter and shows their lies and misrepresentations
00:00:32.800 this is why this audience is going to have to get engaged as we've told you this is the fight
00:00:36.560 all this nonsense all this spin they can't handle the truth war room battleground here's your host
00:00:43.680 stephen k bannon team in my office that tried this case because the scale and the scope
00:00:53.280 of donald trump's fraud is staggering and so too is his ego
00:00:59.740 tomorrow lago president trump just stepped out let's go ahead and go to him
00:01:04.920 let's jump tomorrow okay there we go
00:01:10.360 we'll be talking about new york where we have a totally corrupt attorney general
00:01:20.160 she campaigned on the fact that i will get trumped i will get trumped everybody saved
00:01:24.200 this is russia this is china this is india it all comes down to the dsa it all comes down to biden
00:01:41.160 it's uh we jumped against the political opponents
00:01:44.740 the likes of which our country has never seen before you see it in third world countries
00:01:51.520 banana republics but we don't see it here
00:01:54.260 so i just want to say the great no bank of money said the drop divide that drop is great great customer
00:02:03.920 one of our best customers they testify beautifully and the judge does that he's just a corrupt person
00:02:09.540 and we knew that from the beginning
00:02:11.260 we knew it right from the beginning because we wouldn't give it to the commercial division
00:02:15.520 this judge thought mara lago is worth 18 million dollars and it's worth anywhere from 50
00:02:20.580 to 100 times that amount so we realized that he ruled against me before he even got the case
00:02:26.240 he ruled against me said i was guilty you know what i was guilty of
00:02:29.080 before he even got the case and letitia james has another case altogether
00:02:33.620 she's a horribly corrupt attorney general and it's all having to do with election interference
00:02:40.120 there were no victims the banks made a lot of money they made 100 million dollars
00:02:45.200 and by the way i paid approximately 300 million dollars in taxes
00:02:50.660 as the migrants come in and they take over new york i paid over this period of years
00:02:55.600 over 300 million dollars in taxes
00:02:58.820 and they want me out oh let's see if we can get them out these are radical left democrats
00:03:03.820 they're lunatics and it's election interference so i just want to thank you for being here
00:03:08.740 will appeal will be successful i think because frankly we're not successful new york state is
00:03:15.280 gone people are moving out of new york state and because of this they're going to move out
00:03:19.580 at a much faster rate they use the statute it's a consumer fraud statute that's never been used
00:03:25.520 for a thing like this before they used it over me because i'm running for president
00:03:29.100 i'm beating biden by a lot we're beating not only the republicans we're beating biden by a lot
00:03:35.580 the poll came out today worth 20 points on biden if i weren't running none of this stuff
00:03:40.560 would have ever happened none of these lawsuits would have ever happened nothing would i would
00:03:44.800 have had a nice life but i enjoy this life for a different reason we're going to make america great
00:03:49.620 again these are corrupt people these are people that shouldn't be allowed to do the things they do
00:03:54.780 and they're using this as weaponization against a political opponent who's up a lot in the polls
00:04:01.000 and always will be because i'm competing with a man who can't put two sentences together
00:04:06.460 who doesn't know what he's doing and we're heading into a third world war because of this guy
00:04:11.720 we have to win this election they're doing everything possible to step in a way but we're
00:04:16.140 not going to stand for it so thank you very much we will get back to work
00:04:20.020 uh it's a ridiculous award isn't it a fine of 355 million dollars for doing a perfect
00:04:26.240 perfect job for having paid back alone the code of faults with no problems
00:04:32.460 the banks were totally you know at the trial they testified
00:04:35.460 he had an expert witness from a stern school in nyu that made a statement
00:04:41.180 and i was very honored by his statement he's one of the most respected people anywhere in the country
00:04:47.580 for doing this kind of thing expert wisdom he said this is one of the greatest financial statements
00:04:53.240 statements i have ever witnessed before and he talked about even the details
00:04:58.040 so my numbers actually were extremely conservative
00:05:01.460 a fine of 355 million dollars for doing a perfect job
00:05:06.720 for having paid back alone with no defaults with no problems
00:05:12.200 the banks were totally you know at the trial they testified
00:05:15.240 we had an expert witness from the stern school at nyu that made a statement
00:05:20.840 and i was very honored by his statement he's one of the
00:05:23.740 most respected people anywhere in the country for doing this kind of thing
00:05:28.600 expert wisdom he said this is one of the greatest financial statements
00:05:33.360 i have ever witnessed before and he talked about even the detail
00:05:37.640 so my numbers actually were extremely conservative
00:05:41.280 they saw this so what the judge did is he brought down certain values like mar-a-lago
00:05:46.340 made it ridiculous but the expert after having all of this
00:05:50.000 testifies one of the best financial statements he's ever seen
00:05:53.300 and i was honored by that but i also knew we have a corrupt judge he's not a respected man
00:05:58.800 and again i said before he's been overturned on this case by the appellate division
00:06:03.560 four times already it's a record nobody's ever been overturned on one case four times
00:06:09.020 and i think very importantly and i think ultimately the most important we've employed tens of thousands
00:06:17.940 of people in new york and we pay taxes like few other people have ever paid in new york
00:06:23.360 and they don't care about that they it's a it's a state that's going bust
00:06:28.440 it's a state that's going bust because everybody's leaving
00:06:32.040 and it's all headed up by biden who's destroying our country
00:06:35.680 so this is russia this is china this is what you've been reading about all your lives
00:06:40.960 and it's happening right here in our country thank you very much we will stop it we will
00:06:46.660 make america great again you have my word thank you very much
00:06:50.460 okay um right there you just saw live in mar-a-lago that's president trump's um thank you guys
00:07:03.400 that's president trump's um statement we're going to play in a minute uh t uh tish james
00:07:09.240 came to the microphones only for a second but just to summarize 355 million dollar fine
00:07:16.080 including uh i think four million dollars to don jr and four million dollars to eric
00:07:21.700 also they broke it down but in summary president trump borrowed money from banks in the normal course
00:07:29.720 of business in his real estate business these were and it was secured collateralized by obviously
00:07:36.060 the properties there were um some of the most sophisticated banks in the world some of the
00:07:44.440 most sophisticated real estate lenders in the world participated in these loans um in the subscription
00:07:52.040 you know in breaking these loans on the syndication of these loans president trump paid substantial fees
00:07:58.240 and interest rates no loans were defaulted no payments i don't believe were late as least i saw
00:08:05.820 didn't come with the trial the loans were paid off the banks made plenty of money
00:08:10.560 the state of new york argued that they were fraudulent financial statements
00:08:16.180 phony valuations well here's the issue and this is why the banks didn't agree that the banks
00:08:23.140 just don't sit there you just won't walk in and you just don't take what somebody hands you
00:08:27.320 and take it as holy writ you have your own independent uh people that do assessments you have your own
00:08:35.420 valuation experts you have uh your own consultants if it's a peculiar property you have then your own
00:08:43.420 teams that do not just models model after model after model the due diligence here which is the
00:08:50.440 process of which you go and make sure that everything checks out that checks out is substantial that's
00:08:55.180 called the fiduciary responsibility of the banks to their shareholders and to their customers
00:09:01.080 in addition you have not just legal teams on contracts you have especially of real estate law
00:09:11.060 just like you have the banks real estate finance in other words somebody's doing high tech
00:09:15.340 uh investment banking or doing a retail um uh you know commercial lending here you have
00:09:24.020 experts who every second of their professional life are focused on real estate particularly in the
00:09:32.540 marketplace of new york this is the most well thought through real estate market probably in the globe
00:09:40.360 with with some of the most sophisticated lenders sophisticated lawyers sophisticated advisors and
00:09:50.000 consultants what president trump did was the normal course of business of which any company
00:09:56.640 and this is what's scary it's scary for you
00:09:59.200 this is exactly what happened in russia with the moscow show trials this is exactly what happened in
00:10:06.020 germany later they can take and twist anything that is part of the normal course of business and they
00:10:14.140 can twist it they can twist it because they control the rules they can twist it
00:10:19.780 355 million dollars now this is all for one thing this is because president trump is running to take back the
00:10:29.820 white house to win his essentially third time for his second term and leticia james and these people um
00:10:37.220 are lawless that's not about the rule of law this is lawless it's called lawfare you live in a lawless
00:10:42.900 society of complete anarchy and chaos you don't think it's anarchy and chaos walk through times square
00:10:49.660 just walk through midtown manhattan just walk around go there at eight or nine o'clock at night and walk
00:10:54.800 around see how that works out for you look what happened in kansas city the other day which they
00:11:01.440 still really haven't even named the perpetrators oh they're 15 year old kids so we can't talk about
00:11:05.580 that took what 36 hours even to come out we told you at the beginning what this was going to be if
00:11:10.640 the guys had mega ball caps they'd be kicking down the doors their houses you know 30 seconds after it
00:11:16.380 happened this is the the republic ending we've told you about the finances and we're going to try
00:11:25.480 to get uh philip patrick to join us here in a little while we told you about the republic ending
00:11:30.200 uh financial situation and you can see that today we had a quite detailed discussion about it
00:11:36.700 about the deficits but mike davis keeps bringing up that this lawfare is also republic ending it's
00:11:44.340 certainly ending that republic that was bequeathed to you
00:11:48.020 i mean if you had told somebody about this even when trump ran in 16 as bad as the clinton
00:11:56.820 clinton gangsters are you would sit there and go what are you what are you talking about they're
00:12:02.080 going to do what with trump's business empire for what because these money center banks these big banks
00:12:09.140 do what if the big banks had a problem with the valuations they don't take them at face value this
00:12:16.040 the whole thing's a sham of this they don't take them at face value they do their own independent
00:12:21.320 due diligence they're required to do their own independent due diligence they have a fiduciary
00:12:25.080 responsibility not to accept anything trump says to do their own independent assessment their own
00:12:33.200 independent due diligence and they came up with that these loans were were properly collateralized
00:12:39.480 and that they were charging the right fees and hey maybe it was high maybe it was low
00:12:44.060 the valuation of real estate is both a science and an art but the banks never complain this was 100
00:12:55.040 driven by tish james's campaign promise letitia james campaign promise to get trump
00:13:02.280 this is the same thing that's happening in atlanta the same thing in washington dc the same thing in
00:13:07.480 south florida the same thing in colorado and you have to ask yourself
00:13:11.640 what is it that drives them to get trump what what is this obsession because it's gone from trump
00:13:20.080 derangement syndrome which is just them on cable tv and everything like that talking trash and and and
00:13:25.940 with their heads blown up etc to now getting to a very dark place because if they can take trump's
00:13:32.940 business they can and they will take yours they can and they will take yours remember after president
00:13:42.440 trump left the white house went back remember the billboards down atlanta if you see anything notify us
00:13:47.460 for domestic extremists domestic terrorists that would be you if they can do this to trump it's not
00:13:56.760 only can they do it to you they will do it to you that's why a lot of people have a lot of fear and
00:14:03.520 anxiety about what's happening in the united states right now the reason they're coming so hard is because
00:14:08.780 of this audience because you have president trump's back you are the muscle in his movement you're the
00:14:17.780 ones that knock on the doors you're the ones that send the emails you're the ones that help organize
00:14:23.740 the precinct strategies you're the ones that go to the conferences you're the ones that are the force
00:14:28.840 multipliers and please make sure you go to cpac.org right now we need you there we're going to have
00:14:36.580 the force multiplier cpac.org war room to get your 95 ticket also go to worm.org events make sure go to
00:14:47.360 events it'll pop up just go there come it's totally free to the uh to the um force multiplier academy
00:14:59.520 we're on wednesday afternoon at the uh at the same hotel complex that we're doing the uh that cpac is
00:15:08.020 going to open that night we're going to do a little pre pre-game for you know four or five hours and get
00:15:14.460 everybody in a room we've already had tremendous feedback on this so get your tickets i think we
00:15:18.040 only fit in 200 people maybe a stretch you get a free lunch a nice free lunch i might add you get
00:15:24.300 to hang out with all your war room um personnel our producers and particularly the on-air talent as
00:15:33.860 much as we can get there's going to be there we're going to be talking about some some great topics that
00:15:37.940 you want to you're going to want to come also about how to become uh how to take all this information
00:15:43.240 and make it actionable and how to drive this because you have to what they fear is you now think about
00:15:52.720 that for a second why would they fear that here's the reason president trump threw a wrench into the
00:16:00.100 system because the system was broken and it was only getting worse that was what his 16 victory was
00:16:06.720 about but now they understand and they flipped the cards over this is why i say that the 16 victory was
00:16:13.940 providential the 20 lost the steel was also providential because up in that time people had this
00:16:21.120 idea that they were just democrats and republicans or conservatives and liberals no no they flipped
00:16:29.300 over all the cards including a card they flipped over today have any time in american history
00:16:35.320 please point to me of the government taking a political leader of a movement
00:16:41.040 a presidential candidate and not just some you know harold what stassen or whatever the guy was
00:16:48.740 stassen used to run all the time in minnesota not not some gadfly i mean someone who's a legitimate
00:16:55.020 president for candidate for president somebody's already been there and now is leading across the
00:17:00.280 boards excuse me everywhere everywhere on what democracy would you do that's a banana republic what
00:17:08.900 you're seeing in new york is a banana republic it must be stopped because if they can do it to trump
00:17:18.740 they can and they will do it to you remember trump is worth i don't know five six seven billion
00:17:26.640 dollars you're not you're not you're not you're not this is why you talk about people being debanked
00:17:35.860 and de-platformed they want to set they want to create an apartheid state so that maga and the
00:17:41.720 deplorables are kind of in an apartheid state and they run the deal well here's what we said to that
00:17:46.320 screw you that ain't gonna happen not on our watch and that's where we're fighting back and not just
00:17:52.100 that that we lead across the board and you're prepared you're on the the eve or the cusp of one
00:17:58.540 of the biggest come from behind victories in american history because they thought you were gone
00:18:02.500 they thought your champion was gone and they thought you were gone they weren't going to talk about any
00:18:07.960 maga you know rupert murdoch remember every time you cut on fox and you're watching it you're supporting
00:18:14.320 the murdoch family and they're as bad as evil as source because remember old man the super evil
00:18:21.220 one it's his email it's his email we are going to make trump a non-person well guess what war room
00:18:30.520 gets a vote too bro and uh you lost again just like you try to put you and megan using megan kelly
00:18:37.440 back in 15 you try to put trump out of business very first first debate that didn't work too well
00:18:42.940 did it didn't didn't work out for you no this one worked out even worse not only is trump a not a
00:18:49.660 non-person he's once again the leading political figure in the world think about it for a second
00:18:55.980 that man that comes to right there to his door what has what crime has he committed what has he
00:19:02.740 committed he's committed a crime to say the system is absolutely totally broken it's been exacerbated
00:19:10.380 since the financial crisis of 2008 and also the wars the forever wars in iraq and afghanistan it
00:19:18.460 cost us nine trillion dollars and has virtually destroyed the country he combined that with the
00:19:22.340 financial crisis which we've never really recovered from the wealthy made out great more concentration of
00:19:28.640 wealth during obama's administration than ever and also later during the um end of the you know
00:19:34.000 the second part of the pandemic and through biden one percent best they've ever had it in the history
00:19:39.600 of the earth okay that's all because the way they've gained the system as we've explained here time and
00:19:45.460 time and time again and using the federal reserve to print money and that's what we have to end the fed
00:19:49.900 would love to do it with the fed as a part of this but you can't because the constant money printing
00:19:55.860 machine we're going to have philip patrick on here in a moment from birch gold to talk about that
00:19:59.860 so what was trump's crime was this crime the three three and a half years of peace and prosperity
00:20:06.500 where all he did was take care of the super bad guys like the isis caliphate remember obama told
00:20:13.640 us when we did the transition that was going to be a generational struggle uh it actually wasn't it
00:20:18.540 was 18 months into trump's term they were gone the physical caliphate was destroyed and a lot of the
00:20:23.360 bad guys were killed peace and prosperity president trump took a trade his federal his federal reserve
00:20:30.460 head who was jenny yellantime took one trillion dollars off of the balance sheet tightening
00:20:37.280 quantitative tightening the qts one trillion dollars off while president trump structured the economy had
00:20:46.080 the tax cuts that got us i don't know three percent three and a half percent growth with all those with
00:20:51.020 no inflation no low interest rates people making more money than ever made and by the christmas of
00:20:58.020 2019 remember that remember those good old days those halcyon days remember we had peace he stared
00:21:05.420 down the mullahs he stared down the chinese communist party put terrorists in started to bring them to the
00:21:09.520 knees putin not invading anywhere remember that making nato pay two percent of which now they're getting
00:21:15.120 to paying two percent because president trump had to browbeat them and they understand with maga america first
00:21:19.260 coming back they got to do it they finally got to become an alliance not a protector of the united
00:21:23.680 states we want to be allies but we don't want to be overlords all of that terrible what trump did it's
00:21:31.140 terrible what he does now your betters every day on the atlantic in the new york times and maggie
00:21:36.900 harryman and cnn and msnbc joyanne reed rachel maddow look at that collection think about it for a second
00:21:45.600 with that collection of clowns i just named would that collection be able to run a superpower when
00:21:53.480 you see the people opposed to president trump you're seeing it right now
00:21:57.480 eight to ten million invaders in this country since president trump left shortly afternoon on the 20th of
00:22:07.580 january of 2021 10 million invaders in our country destroying the education system the health care
00:22:15.060 system the inner cities crime out of control 10 million illegal alien invaders think about that
00:22:21.620 also 34 and a half trillion dollars of debt of which we're never going to pay off a penny we can't even
00:22:27.720 pay uh we can barely pay uh the interest and we certainly can't pay we certainly can't pay the
00:22:34.720 deficits we're spending seven training bringing about four and a half or five it's two train a
00:22:39.660 year as far as the eye can see wars everywhere israel the worst day since the holocaust the whole world
00:22:48.500 in anarchy and chaos think about that for a second think about the people that hate trump think how
00:22:55.060 they've done you think the seas look at look at letitia james just look excuse me look at uh look at
00:23:00.540 funny whiz on the on the witness stand here say don't don't listen to steve bannon don't listen to
00:23:05.440 the commentators don't listen to mike davis see what you see that's how your cities are being run
00:23:13.720 look at the day in new york they took a man's business empire for what because he was in business
00:23:21.520 with banks banks lend monies they do every day in new york city against real estate and transactions
00:23:25.720 got paid off no bankruptcies no defaults no late payments got paid off made plenty of money
00:23:32.620 and some judge deems that they did not do their fiduciary responsibility they should have charged
00:23:39.620 higher are you kidding me in the united states of america in the global financial capital of the world
00:23:45.480 the judge sounded like like an idiot sounded like some maybe i don't know a freshman or sophomore in high
00:23:52.900 school that's trying to learn finance or trying to learn uh economics but doesn't quite understand
00:24:00.580 because the judge doesn't understand how the world works you can tell that by the idiocy of his
00:24:05.160 questions your city's governed by that your country governed by that your country governed by jack smith
00:24:13.320 because this is where we are look at biden biden today gets up and it's talking about russia and
00:24:18.200 talking about putin again and and and the and the opponent of putin that they obviously looks like
00:24:23.060 they killed in this prison in the arctic because i don't buy the coincidence he just you know got cold
00:24:29.380 or tripped up or whatever at the start of the meeting conference is just i'm not a big believer in
00:24:34.420 coincidences and they're bad guys biden loses his train of thought right in the middle of it
00:24:40.640 this is a guy that a special prosecutor said his words uh we got the goods on him he deliberately
00:24:49.000 retained this information classified information deliberately retained it and distributed it to
00:24:55.980 the ghostwriter and other people that he talked to but we're not going to charge him because he's just
00:25:01.220 an old man with a bad memory he's an old man with a bad memory so that old man with bad memory is fine
00:25:06.560 for the democrats to have his commander in chief with his finger on the on the on the red button
00:25:11.680 and trump gave you three years of peace and prosperity so therefore trump must be persecuted
00:25:21.360 not prosecuted this is persecution and the persecution is because he's america first he puts his country
00:25:29.640 first and as importantly president trump puts american citizens first american citizens first
00:25:37.500 had he put you first so he said right there if he had stayed at mar-a-lago and had a great life
00:25:43.100 after they stole the 2020 election if he had accepted that none of this would happen today would have never
00:25:51.540 come he'd be buying golf courses hanging out with melania enjoying life it's been agony what he's gone
00:25:58.280 through and remember they still got 700 years of prison on the other side of it why why why it's quite
00:26:06.340 simple why he gave you a voice he had your back and now it's time for us to have his
00:26:17.220 okay i came and played latisha james talk for a few minutes but just more rambling nonsense i'm not
00:26:25.500 going to play it i'm not going to i'm not going to insult the intelligence of this audience
00:26:29.000 to hear that rabble and that's what she is rabble um comment on our president the real president
00:26:37.880 we're taking a short commercial break i think philip patrick's going to join us on the side but
00:26:41.820 this is a quite tragic day in the united states of america of the rule of law burned to the ground by
00:26:49.320 your betters short commercial break return to war in a moment
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00:31:48.720 war room battleground with stephen k bannon
00:31:57.380 hello because every month it's going to change but here's the key first of all january is not the
00:32:04.580 highest read okay in 2021 the high read was july in 2022 was march in 2021 it was november and by a
00:32:13.300 significant margin over january told you and if you look at if you look at all the seasonalities
00:32:19.500 we've revised you know i have these big charts all over the room of all the numbers that's what i look
00:32:25.460 at to give you big boards i had to redo them there's been so many revisions why because they want to get
00:32:32.000 the seasonalities better so i understand that january might be a little freaky sometimes but
00:32:37.380 it certainly doesn't be a standout and if this number was half or much less than half of the
00:32:43.240 current inflation rates would all of the people talking about it's one-off would they say it's a
00:32:48.600 one-off cooling of inflation there's a huge bias here okay inflation is running hotter growth is
00:32:55.620 slowing that is the definition of stagflation whether it actually happens or not nobody on this panel
00:33:01.520 nobody at the fed and nobody in dc knows for sure three months ago they thought all these numbers
00:33:07.680 were going to be significantly smaller and they were wrong here's the key point three months ago
00:33:14.780 the federal reserve and the secretary treasurer and we couldn't figure it out philip patrick of
00:33:19.620 birch gold thank you for joining me we couldn't figure out why all the sudden pow was saying and
00:33:25.420 and yelen was saying hey i think this is getting better there's going to be four or five rate cuts and
00:33:29.640 we're sitting there going hang on a couple weeks before that he was such a hawk as we said at the
00:33:34.920 time i did at least there's a convergence of treasury and the fed working in conjunction
00:33:39.720 just like you have lawfare here you have finance fair they're going to sit there and do whatever they
00:33:45.460 have to do to prop up the carcass to make sure that trump does not return to the white house
00:33:51.220 it blew up in their face did it not philip patrick well it absolutely blew up in their face just as we
00:33:58.700 we predicted it would it looked like a political stunt at the end of last year it looks even more so
00:34:04.940 like one today producer price index numbers came out this morning showing a 0.6 percent increase in
00:34:12.700 services for january alone uh biggest beat in core ppi uh really since january of 2021 up 5.7 percent
00:34:21.500 year over year and 17.4 percent since biden was elected now rising prices for services concerns the
00:34:30.300 fed a great deal because that's where two-thirds of consumer spending goes the other thing it does
00:34:35.800 and the fed won't be happy but it increases the chances that the feds are going to keep rates higher
00:34:40.780 for longer the market's now pricing in less than 30 percent odd of a rate cut in may and this was on
00:34:47.200 the back of bad news earlier in the week cpi report coming in at 3.1 percent year over year a 0.3
00:34:54.780 percent increase in january so both uh were significantly higher than mainstream economists
00:35:00.380 had forecast and as we've mentioned before these are the official inflation reports right if we used a
00:35:06.760 more accurate methodology employed by the bureau of labor statistics back in the 80s which measured
00:35:12.600 the cost of maintaining a constant standard of living today's inflation rate would be 12 percent
00:35:18.780 by the government's own metric now the problem is the biden administration simply cannot afford
00:35:25.760 to be truthful about inflation let's not forget social security for now is the biggest budget line
00:35:32.500 on the federal government's budget 21 percent of the total budget 1.4 trillion dollars last year
00:35:38.280 and social security payments of course as we know are indexed to inflation so when we see a one percent
00:35:45.060 increase in the official rate of inflation it costs the government 163 billion dollars in additional
00:35:51.740 social security payments the difference between three and 12 percent would cost nearly one and a half
00:35:57.660 trillion dollars a year let's bear in mind biden administration are projected to be about two
00:36:03.200 trillion dollars in the red this year they simply cannot afford to be truthful and that's why all we get
00:36:10.300 is gaslighting you know our attentions turn to the numbers suggesting that bidenomics is working
00:36:16.920 when we all know the reality is very different this is why santelli went off is exactly what uh what
00:36:24.360 philip patrick's talking about he he was tired of the happy talk in the cnbc panel remember hopefully
00:36:29.600 you've learned over the last couple years the inflation is cumulative it's also kind of the
00:36:33.900 inverse of the of the purchasing power of the dollar the inflation is now because cumulative uh over
00:36:40.280 what 14 15 16 maybe 18 percent the the the bls bureau labor statistics if you want to keep the same
00:36:47.420 cost of living inflation be 12 or 13 percent the purchasing power of the dollar is down i don't know 18 to 20 percent
00:36:54.360 it's all directionally in the kind of same area that's why they lived experience this is why they
00:36:59.960 can't sell bidenomics on the talk shows and on all the big thinkers and the high thinkers where he's got
00:37:05.560 low employment not counting the people were working three jobs oh inflation's coming down it ain't and
00:37:11.540 it particularly not for your life this is why the bricks nations why p by um uh my brother here and i
00:37:18.460 three years ago why philip and i three years ago started the end of the dollar empire because we started
00:37:23.080 and said hey you know these guys are actually trying to implement modern monetary theory they'll
00:37:28.620 never say that but they're taking this radical french idea and trying to do it and this is going
00:37:32.980 to crush the dollar and that's exactly where we are now and don't take it from philip patrick or
00:37:38.380 birch gold and stephen k bannon take it from one of our great enemies putin who laid it out in the
00:37:43.420 tucker carlson interview exactly that the strength the united states is the dollar its currency and the
00:37:49.460 bricks nations are sitting there going hey maybe the deplorables have to suck on this and maybe
00:37:55.420 maga has to suck on this and maybe republicans have to suck on this and maybe all of them because
00:38:00.180 they're all u.s citizens they have to suck on this but we don't we've got natural resources and we're
00:38:06.080 going to figure this out in the interim we're going to call the central banks with all those smart
00:38:10.840 harvard nbas and stanford nbas working there and tell them get your calculators out and start buying
00:38:16.880 gold and that's what they're doing and that's why you're starting a de-dollarization movement
00:38:21.640 philip is that basically the theory of the case that is exactly the theory and we are making it
00:38:28.540 easy for them look the bricks nations are buying gold for two reasons right one it is just a good
00:38:34.760 financial trade right as you mentioned since the pandemic the dollar's lost 17 percent of its
00:38:40.420 purchasing power gold's up significantly more than that in the same time period so number one
00:38:45.680 just a good financial trade and we can thank president biden for that the second reason is
00:38:51.540 very clear we are using our sanctions in a very well they weren't thought out properly right these
00:38:59.340 countries are now looking at each other they're understanding that by holding dollars they're
00:39:03.580 creating demand for dollars which strengthens the dollar which we are then wrapping up into a big
00:39:08.540 stick and beating them with it so the reality is they say by buying gold not only is it a good trade
00:39:14.780 but we start to kill demand for the dollar as demand wanes the dollar becomes weaker the argument for
00:39:20.400 the dollar is global reserve becomes weaker and that's how we lose it longer term so we've been
00:39:25.760 playing into their hands the biden administration has and they're making the decision easy for central
00:39:32.280 governments you know i've been a big proponent of economic warfare when it's highly targeted and you
00:39:39.320 use it to really take something down what happened in russia is it blew up in their face because they
00:39:44.940 hadn't thought it through kind of even part of what happened with the persians kind of blew up in their
00:39:49.700 face particularly when the biden team got here but let me just put a pin take your number two pencil
00:39:54.160 write something down seizing the russian assets in the central banks which came to about 300 the crush
00:40:00.560 300 to 500 trillion of billion dollars when you look across the board uh all in u.s government securities
00:40:07.340 if they convert that to dollars and give that money because right now we've seized it we haven't stolen
00:40:12.860 it if you convert it into dollars and give that money to the ukraine because the house of representatives
00:40:19.680 that represents the people of this country say no more money for ukraine if you go around it the end of the
00:40:25.120 dollar empire is going to be here a lot quicker than you think because people are going to say hang
00:40:28.980 over a second they i actually buy their securities i hold them there so we can accommodate trade and
00:40:34.180 use it for trade and make sure that we've oiled uh everything we need to oil for trade and they can at
00:40:39.780 any time just seize it first and then later on convert it and give it to our enemies i don't think i want
00:40:45.220 to be part of that system anymore philip is that is that what we're is that why we're on the abyss right
00:40:49.880 now it is it is absolutely why we're on the abyss at the end of the day if your assets can become
00:40:56.240 liabilities overnight you're going to start looking around and trying to find alternatives and like i
00:41:02.000 said you couple that with the fact that the dollar is actually plummeting in value it makes those
00:41:07.920 decisions very very easy we've been playing into their hands and they know it that 60 minutes interview
00:41:14.960 was very telling putin referenced our national debt reference how we're encumbered overseas and how we
00:41:21.040 should be focusing on domestic issues and i think on that point he may well have been right
00:41:26.000 uh philip i know you're so busy it's we're so pleased to get you on here because the demand for
00:41:33.440 your services is overwhelming but i want people to know if you go to birch gold slash bannon you can
00:41:38.940 get the end of the dollar empire it's totally free it's there to basically make you smarter uh number
00:41:45.480 three third installment the debt trap phil and i went back with the birch gold team and we update the
00:41:49.860 numbers you wouldn't think something we put out last spring for the debt ceiling you would have to
00:41:53.840 update the numbers but we did and the new numbers will shock you but that's the reality we have here
00:41:59.540 uh but how do people get to you how to get to you when they say hey look i want to find out more i want
00:42:03.960 to find about gold as a hedge i think i've really got to do this now and one of the great things is
00:42:08.460 you're you're tremendous on education and then talking about the various products and services you have
00:42:13.800 where do they go it's really simple it's birchgold.com forward slash bannon again birchgold.com
00:42:21.360 forward slash bannon as you say all the time steve information is key that's where we start so
00:42:27.020 end of the dollar empire reports will give people a really good historical understanding
00:42:31.560 of how we got here we can also help people with information kits on how to protect some of their
00:42:37.460 retirement with physical precious metals so really simple birchgold.com forward slash bannon
00:42:42.740 and at least get the information philip thank you so much knowledge is power knowledge is power
00:42:51.160 and right here knowledge could be money for you philip patrick thank you i know you're super busy
00:42:56.520 thanks for coming on today thank you steve isn't it ironic i get philip on the show because he's so
00:43:03.240 busy now i get him on the show on a friday and we booked this we got to book him early because he's swamped
00:43:08.220 but we we booked him and then you have and then you have the situation with um with new york
00:43:13.960 at the same time we're talking about wow maybe that makes a good time that i should talk to somebody
00:43:20.100 about some gold because i just saw where they're going to take trump's 400 million dollars he's got
00:43:26.500 on his balance sheet they want 355 of it just take it seize it and this is not some third world
00:43:33.280 dictatorship this is not some banana republic this is not something in central america or south america
00:43:38.300 or sub-saharan africa or parts of asia no this would be in the financial capital of the world
00:43:46.060 not the financial capital of the united states the financial capital of the world the most significant
00:43:52.580 if you added frankfurt in the city of london in tokyo in shanghai in hong kong in singapore and yes
00:43:59.900 even throw in dubai right add them all up new york city is more important as far as a financial
00:44:08.280 capital goes now you're providing uh what you should do i say the liquidity is because of the of the
00:44:16.160 uh under structure the infrastructure of common decency in the the little platoons as burke called
00:44:23.100 them because it's that safety it's that absolute safety and security that makes our capital markets
00:44:30.000 that people want to invest here but we're shredding the rule of there's no more rule of law
00:44:35.380 royce white in the previous hour is correct there's the rule of outlaws not the rule of law the rule of
00:44:42.040 outlaws and that's what tish james is and that's what that judge is when they can come in after you've
00:44:50.160 borrowed money from the most sophisticated banks in the world that are specialists in the area where
00:44:55.120 you're borrowing money and they put the best teams around because you're a big client the best teams
00:45:00.820 around and they do their own due diligence they lend you the money the money is paid back they make
00:45:06.920 their fees and they make their interest and years later you're taken into court because maybe they could
00:45:13.900 charge more on the interest that that people that look at the situation years and years and years
00:45:21.520 later say that hey the assets maybe the assets weren't valued well hey don't look at trump look at the
00:45:27.840 guys that lent the money and the guys lent the money saying hey what are you talking about there was no
00:45:32.160 default there was no late payment we got paid what's the beef what's the beef here's the beef
00:45:40.560 beef it's very simple he's had the audacity to put you in the room you are you you were powerless in
00:45:52.080 this country powerless the whole thing with the bushes and and voting for republicans look what you
00:45:59.080 were but you were voting for your own destruction nine trillion dollars in iraq and afghanistan on wars
00:46:05.180 that they started and then lied to the american people i want to go back and do some new deal let's go
00:46:09.200 back and look at the start of those wars they lied to the american people lied to everybody
00:46:13.880 and then wouldn't ever get out why because their buddies are making too much money
00:46:19.340 go to section 60 in arlington national cemetery go over there today and ask them if it was worth it
00:46:28.400 ask their families if it was worth it ask the children if it was worth it knowing what we know now
00:46:34.660 that's what represented you that's what you put in office i'm not blaming you because you were lied to
00:46:42.180 and the network you all turn to is the same network that the old demon sent an email and said we're
00:46:48.320 going to make trump a non-person we're going to make trump a non-person we're going to make trump
00:46:53.320 a non-person well guess what war room gets a vote too and he looks like he's a pretty big person right
00:47:02.400 now and you look quite small and you're great uh what are you going to take him on with ron the
00:47:07.780 robot de santas all i heard it day in and day out and you had town halls and you had this he was
00:47:12.500 everywhere he's on the couch the wife's on the couch all of it and i said at the time you people are fools
00:47:18.680 you people are fools and when he flew around did that three-day tour of the world de santas and he
00:47:25.280 went to the city of london has presentation guys i know were in the room and then told this guy is a
00:47:30.260 small-time governor it lacks from a backwater state now florida happens to be one of the greatest
00:47:35.480 states but that's what he acted like that's what the murdochs and fox put their money on and we put
00:47:42.200 our money on trump and i'm just asking for the empirical evidence on the afternoon of the 16th of
00:47:48.920 february in the year of our lord 2024 who made the right bet
00:47:52.040 they hate trump for one simple reason you let me repeat that they hate trump for one simple reason
00:48:03.700 and that would be you they hate trump they want to destroy trump they want to send trump to prison
00:48:10.700 for one simple reason and that is you and you know why because you've had a belly full of how this works
00:48:17.160 you've had a belly full of how it's running you're sick and tired of seeing your country destroyed
00:48:21.520 you're sick and tired of seeing your nation invaded you're sick and tired of having your taxes spread
00:48:26.860 all over the world on stuff that you fundamentally disagree with that does not support your values
00:48:32.220 and most importantly you're sick and tired of having your sons and daughters die on foreign battlefields
00:48:39.100 to support the crap that goes on in this nation and throughout the world and you finally said i've had
00:48:45.160 enough of it and trump is my guy
00:48:47.160 and if you think they're just going to sit there and pat us on the head and say this is good look
00:48:53.540 what they did to him today that's just their opening salvo it's going to get a lot uglier
00:48:59.680 but they got to understand something we've come this far and we're about to go a lot farther and we
00:49:07.020 ain't backing down one inch and we're going to win and when we win and when we win it sure is the
00:49:13.540 turning of the earth there's going to be accountability there's going to be accountability
00:49:18.760 of what went on here of how we got in this situation of how that election was stolen
00:49:24.940 and everything that's happened all the way up to the current time and then all the way up to the
00:49:30.920 5th of november in the year of our lord 2024
00:49:34.900 so tish james go to the microphone talk all you want baby
00:49:41.860 because 5 november is coming and hey folks we got a lot of choppy water between then and now
00:49:50.800 part of this on the morning show we had people talking about hey it's not just a foreign powers
00:49:57.160 it's just not these hackers it's just not uh non-state actors that are trying to listen and get
00:50:02.220 every piece of information from you non-stop it's your own government we now know that 26 of us
00:50:09.240 that were associated with president trump were illegally spied on by foreign intelligence service
00:50:14.320 it's not steve bannon saying that it's matt taibbi used to be the lead reporter for the rolling stones
00:50:19.240 got a tremendous sub stack out i want to bring in one of my favorite the satellite phone store we got
00:50:25.260 a special today and i want my man to walk through it a big special how you doing sir
00:50:31.560 i'm good steve how are you mate thank you we missed the hit the other day but we got it on
00:50:37.520 today i hope you don't mind my rant we got a couple minutes you take it sir
00:50:40.660 no i appreciate it awesome um steve i think today is a great reminder and a sad reminder that
00:50:46.260 anything can happen uh anywhere if you look from east palestine to lahaina maui you know you do not
00:50:53.520 get a warning when a major disaster is going to happen so the only thing that you can do to increase
00:50:59.880 your chances of survival are be prepared and we've been talking about preparations here obviously for
00:51:04.440 a long time with satellite communications uh but you need more than that so what we've done today at
00:51:09.900 prep123.com is we put together the ultimate survival go bag with satcom so what this includes
00:51:16.860 is a bivy stick right here which connects to a mobile smartphone like this which is included
00:51:23.340 and 36 months of service so right off the bat you will be able to use this uh the bivy stick and
00:51:30.000 this phone to communicate via text messages and receive text messages no matter what is going on when
00:51:36.500 all the cell towers are down and the service is prepaid unlimited service for three years in advance
00:51:41.800 steve we've also got a portable power pack included right here so you can recharge your phone and
00:51:47.980 your bivy stick we then have a portable solar panel that can recharge all of the above and then to keep
00:51:54.940 you safe here and from being tracked we have two faraday bags one for a phone one for a laptop and then we
00:52:01.620 also have here keeps going see we have a knife designed by mike adams a magna cut steel nine inch knife
00:52:07.360 with a four inch blade right there and the list goes on but the point is is this is a bag you can pick up
00:52:13.560 when so when the proverbial hits the fan you can pick up this bag go and you have a greater chance
00:52:18.700 of survival because of what's in it not everyone has the time to put together all these things
00:52:24.040 and there's nothing new here but it's everything that you need to be able to survive i say including
00:52:29.040 communications including a life store so you can drink dirty water right to your mouth through that
00:52:33.340 filter but you have the ability to survive with this kit and it's a prep123.com that's prep123.com
00:52:41.340 or call 775-235-6884 that's 775-235-6884 we're back here at 10 o'clock tomorrow morning chris is going
00:52:52.820 to join us lou dobbs is next
00:52:54.480 i want to warn you of a huge change that could be coming to our money in our bank accounts first think
00:53:08.300 back to 9 11 shortly after the government pushed through the patriot act this gave the government
00:53:12.960 power to spy on innocent americans by monitoring our phone and email and tracking our movement across
00:53:19.260 the internet now jim rickards editor of the independent financial newsletter strategic intelligence
00:53:25.120 and new york times best-selling author is warning about a coming event that could elevate this
00:53:30.760 governmental surveillance to a terrifying new level in fact some of the guests i've had on the war room
00:53:36.340 believed that the government will soon expand their powers to track our every move if we say
00:53:42.060 the wrong things on social media donate to the wrong causes buy firearms or even vote maga
00:53:48.000 the government may be able to shut us out of our bank accounts i can't say for sure if this will happen
00:53:54.420 but it's an interesting and dire warning fortunately jim rickards an american patriot and friend of mine
00:54:00.640 has made it his mission to educate us on what he believes is coming and how to protect yourself
00:54:06.280 from the possibility of programmable money watch jim's warning video now before it's censored like i've been in the past
00:54:15.500 go to rickardswarroom.com that's rickardswarroom.com now to see the video
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