Bannon's War Room - WarRoom Battleground EP 552： Hidden Wealth Of Chinese Rulers

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

00:00:10.980 doing is blowing people off if you continue to look the other way and shut

00:00:16.140 up then the oppressors the authoritarians get total control and total

00:00:20.580 power because this is just like in Arizona this is just like in Georgia it's

00:00:25.200 another element that backs them into a quarter and shows their lies and

00:00:29.100 misrepresentations that's why this audience is going to have to get

00:00:31.980 engaged as we've told you this is the fight all this nonsense all this spin

00:00:36.120 they can't handle the truth war room battleground here's your host Stephen K

00:00:41.760 Bannon it's not a debate the Trump economy in the Biden economy and and

00:00:46.560 future plans Stephen Moore is a senior economic advisor to the Trump 2024

00:00:52.620 presidential campaign the co-founder of the committee to unleash prosperity also

00:00:58.440 former Council of Economic Advisers chairman Jason Furman he's an economics

00:01:02.340 professor at Harvard's Kennedy School of Government and while we're gonna break

00:01:06.960 can break some new ground here Steve let's if Trump were to regain the

00:01:12.780 presidency former President Trump what are some of the planks of his plan I'm

00:01:17.640 seeing something about even further cuts for corporate taxes is that really a

00:01:24.180 being considered hey Joe good to be with you and good to be with Jason as well

00:01:29.940 look I think there's no question the top priority will be to make sure that those

00:01:36.360 tax cuts that Art Laffer and I and Larry Kudlow and others helped put together for

00:01:40.660 Trump and you know we did it there was a lot of controversy about whether it would

00:01:44.280 work and you know clearly it did we had a boom and investment we by the way I just

00:01:49.020 look at these numbers Joe corporate tax revenues have have almost doubled since

00:01:53.780 we cut the tax rate I think there's a Laffer curve it says that kind of thing

00:01:57.460 will happen but then you know it's not just taxes I think there's no question

00:02:03.060 we're gonna have a very pro-American energy policy we're gonna head back to

00:02:07.380 being energy independent again we're gonna drill for oil we're gonna use our

00:02:11.280 clean coal we're gonna use our natural gas to lessen the impact that countries

00:02:17.100 like Iran and Russia and China have over the world economy and then finally you 0.86

00:02:21.840 know we want to get Americans back to work we want policies that could actually

00:02:26.400 help people get back into jobs and not just jobs but jobs that pay well you know

00:02:31.660 when you've got a problem Joe a lot of families today middle-class families a

00:02:35.940 hard time being able to afford to go to McDonald's for goodness sakes I mean this

00:02:40.260 has been an agenda for your agenda there was really crushed middle-class 0.82

00:02:45.300 families Jason there there are certain things that you probably wouldn't

00:02:50.160 disagree with I guess there but I there are some things you'd probably like to

00:02:55.140 push back on it that Steven just said it what would be different if the

00:03:01.260 president wins reelection yeah I mean Steve left out the biggest tax increase

00:03:06.780 that Donald Trump is proposing in fact it's the only very explicitly worked out part

00:03:12.780 of his platform that I'm aware of which is a ten percent tax on all imports and a

00:03:19.260 sixty percent tax on everything coming from China I was not a fan of the latest

00:03:25.380 round of tariffs that President Biden proposed let's put some perspective on

00:03:29.940 them they were on 18 billion dollars of imports we import four trillion dollars

00:03:35.460 worth of stuff so you're talking about 200 times the scope of what the recent Biden

00:03:42.660 tariffs were for a typical family you're talking an extra seventeen hundred dollars

00:03:49.200 of costs and then you add that to the other inflationary parts of the agenda you

00:03:54.240 have advisors to President Trump saying that he would fire Jay Powell within the

00:03:59.220 first hundred days that would set up a massive massive amount of uncertainty

00:04:05.700 court cases and the like let's say he doesn't fire him in the first hundred days

00:04:11.160 but he just tweets at him saying that he's worse enemy than President Xi which is

00:04:16.020 what he did on the last time he was president one of the things that President

00:04:20.520 Biden has done that I really respect has been to respect and strengthen on the

00:04:26.040 independence of the Fed even while it was raising rates really rapidly of what

00:04:30.840 happens if that comes to an end so I think there's a lot of peril here a lot of it

00:04:35.700 can be expressed especially in terms of inflation and tax increases on middle-class

00:04:42.360 families Jason do you I think I asked you about the capital gains increase and you

00:04:49.920 really weren't that that anti capital gains that that President Biden was talking

00:04:54.120 about and I don't what about the taxing unrealized gains both of those two to

00:05:00.780 many people those are both sort of anathema to any normal economic thinking

00:05:07.740 do you do you are you go along with both of those ideas I mean they're both way

00:05:14.700 better than any of the tariffs that we've just been talking about Joe but um but

00:05:19.800 there's a lot of economic logic to taxing unrealized gains right now one of the

00:05:23.400 problems with the capital gains system is that it locks in your gains it dissuades

00:05:28.740 you from selling because you want to hold until later when you get a lower rate that

00:05:33.220 is a proposal that applies to a relatively small slice of people you know we could

00:05:39.740 argue what the right rate of taxing capital income is and I'm open to a variety of things

00:05:46.240 in fact I'd like to reform the tax code so we had permanent expensing and got rid of the

00:05:51.840 interest deduction more incentives for business investment going forward but you know we're

00:05:58.180 going to need to raise revenue somehow what about the tariff issue Steve well look on the tariffs I

00:06:05.980 worked with Trump in his first administration we talked a lot about tariffs it's interesting because

00:06:11.900 you know when I've talked to Trump about this over the years he's always said Steve I use tariffs as a

00:06:17.340 weapon and he does and he's used it in my and by the way I'm a free trade guy like Jason is I don't

00:06:23.140 like terrorists but you know it is an absolute truth that Trump used the threat of terrorists highly

00:06:30.300 effectively in his first term it was the threat of terrorists that got the European nations to pay

00:06:35.960 their NATO dues it was the threat of terrorists on Mexico that got Mexico to help secure the border

00:06:42.000 it was the standing head you know toe-to-toe with President Xi and saying look I'm going to slap

00:06:48.160 you with a 40 percent tariff unless you start playing by the rules and stop stealing our intellectual

00:06:53.120 property and you know what all of those things worked and it's really interesting Joel because

00:06:58.080 if you look at the tariffs from that were implied by Trump versus the tariffs that have applied to

00:07:05.700 Biden Biden actually has higher tariffs than Trump does so come on that isn't kind of a fair thing

00:07:11.780 now one other point I mean this capital gains issue that you brought up is incredibly important

00:07:17.660 to investors most of the people watching the show watch it because you're investing your money or

00:07:21.920 investing other people's money this would be an economic cyanide pill to the U.S. economy he's

00:07:28.620 talking about and by the way I'll give Biden credit he's telling people these crazy things that he wants

00:07:33.860 to do like tax unrealized capital gains which has never done been done before in the history of this

00:07:39.660 country people would literally have to sell the farm to pay the taxes and the capital gains tax would

00:07:45.640 go up in the United States to roughly the highest in the world higher than China higher than Russia

00:07:50.380 higher than Europe like how in the world is the United States going to compete with those high rates

00:07:55.080 okay that was Steve Moore versus Furman Furman is one of the economists for the president

00:08:01.400 Steve Moore joins us and I really want to thank CNBC for allowing that to kind of happen it was a

00:08:07.840 mini debate Steve Moore just for our audience can you sum up the points Furman's trying to make in

00:08:13.980 trying to defend or put forward the case for Bidenomics in your mind before I know you're one

00:08:19.000 of President Trump's closest advisors when it comes to the economy and you know you did a great job

00:08:25.160 with Larry Kudlow and others in the first term Peter Navarro although we don't agree on everything

00:08:30.200 um but just make what what is Furman what's what is the case that he's trying to make for Bidenomics

00:08:36.540 well it's a tough case to make yes Steve as you know because on you know we just did an analysis

00:08:43.340 that in on 28 of the 32 major economic uh measures of how a president does Trump outperforms Biden and

00:08:51.380 in most cases by a wide amount and people who go to our website committee to unleash prosperity.com you

00:08:56.960 can find that chart book showing you know everything from inflation to gas prices to poverty rates to

00:09:02.200 unemployment to uh you know productivity of the economy every single one of them with a few

00:09:07.180 exceptions shows that Trump has highly outperformed Biden so what Biden the Biden people are trying

00:09:14.320 to do now is say look all the problems that have developed under Biden have been due to Trump but that

00:09:20.320 you know let me give you an example why that's not true so they're saying oh Trump is the one who

00:09:24.980 caused the inflation well wait a minute the inflation rate Steve was 1.5 percent when Trump

00:09:30.880 left office in his last year in office it was less than two percent and then all of a sudden goes to

00:09:35.740 nine percent under Biden and he blames that on uh Trump so I think that's what you're going to see more

00:09:41.040 of in the next four months is Biden can't and his economists cannot um defend their record so they have

00:09:47.900 to blame it on Trump go back because your advisors and that year uh 19 particularly was the golden

00:09:55.820 before the bioweapon uh the Chinese bioweapon hit us was a golden year for economics you guys were 1.00

00:10:01.700 hitting on all cylinders you know low inflation low interest rates yes walk me through in your mind

00:10:08.580 the two or three fundamental mistakes that you think having you guys really handed off the football

00:10:15.060 the two or three mistakes that you believe Biden and his team like Furman made from the beginning

00:10:21.260 that got us in the jam we're in today

00:10:23.820 did I lose you

00:10:27.860 uh did I lose you there Steve we got you

00:10:31.760 okay so do you hear me you know where to begin yeah I hear you loud and clear you know what mistakes

00:10:38.820 did they make well the biggest mistake of all was coming into office uh at a time when COVID was

00:10:46.160 over and remember the economy grew by 11 percent in the last six months of the of the Trump

00:10:51.300 administration when we reopened the economy and by the way I love Donald J Trump I think he was a

00:10:55.740 great president but I think he made a lot of mistakes under COVID and he should not have let

00:10:59.580 Pouchy and these others shut down the economy and shut down our schools that was a horrendous mistake

00:11:04.280 but then Biden came in and they tried to seize on this opportunity uh to just spend money trillions

00:11:10.900 of dollars I mean my god Steve they spent three to four trillion dollars right out of the gate uh

00:11:17.040 which was all paid for by debt all paid for by printing money and those of us you and me and

00:11:24.240 Laffer and Kudlow we all said wait a minute this is crazy you're going to send inflation through the roof

00:11:29.080 and remember all their accounts oh no don't worry it's not going to cause inflation

00:11:32.640 well inflation went up to nine and a half percent and you know if you look at the real inflation rate

00:11:37.960 with the how high are prices today versus what they were under Trump and you look at the necessities

00:11:43.820 of life they're up 25 or 30 percent in some cases 40 percent mortgages are up 80 percent and that was all

00:11:51.220 a result of this massive spending spree by Biden and then of course the the other thing that he did

00:11:57.380 that you know you talk a lot about and I talk a lot about is he declared war on American energy 0.65

00:12:03.180 so he shut down our coal he shut down uh much of our pipelines he shut down LNG terminals he just took

00:12:10.080 off another three million acres of prime oil and gas lands in Alaska I mean that's not an America first

00:12:16.640 policy and that's the reason you're paying 389 a gallon not 249 a gallon for gas

00:12:22.140 um by the way with President Trump I think with the shutdown too given the facts or knowing the

00:12:30.360 time because remember this initially was to slow the spread I think given the recommendation he had

00:12:35.740 I cannot say in hindsight I I agree with you and I think he was agree with you too but given

00:12:39.560 and by the way Steve you know I think the time I was in it was a lot it was a logical decision

00:12:44.200 yep yeah well I mean I don't know if it was logical but I will say this that every meeting I had from

00:12:49.340 him starting after that what was it 15 days to stop the spread every single meeting we had yeah he's

00:12:55.520 like what are we doing to get the economy open what are we doing to get schools open and the problem

00:13:00.960 is look Steve his biggest mistake or one of his biggest mistakes as president he should have fired

00:13:06.260 Fauci on day one Fauci was a liar a criminal uh misspent money and became a national hero because

00:13:13.780 he was contradicting everything that Trump was saying praying to Trump by the way that was about

00:13:19.120 four years ago it was May May and June I know 2020 I know um since you're one of the advisors and I want

00:13:24.720 to get people to go to your site and get these 32 indices because that's where the facts be for

00:13:28.820 themselves so right the way you guys have set this analysis up is amazing but what what do you and

00:13:34.060 Laffer and Kudlow I know you guys kind of work as a team you're the supply side guys looking forward

00:13:39.600 because this economy under Biden has got so much embedded it's not going to get better what are you

00:13:45.940 recommending to the president on the afternoon of 20 January of 2025 the first couple of actions his

00:13:53.160 economic team is is recommending sir you know I had this conversation with the president about three

00:13:59.140 weeks ago and he told me and he's been saying this now publicly that he will have a stack probably

00:14:05.200 an inch and a half high of executive orders basically reversing all the crazy things on energy policy on

00:14:12.400 tax policy on regulation policy that Biden has put in place and I'm here to tell you I really honestly

00:14:18.540 believe this that if Biden if Trump wins this election I think he will I think you're going to see

00:14:24.280 an explosion of economic growth and prosperity in this country uh and I don't look you know Steve I

00:14:31.300 don't agree with everything Trump wants to do I'm more of a you're more of a you know a protectionist

00:14:36.160 I'm more of a free trade guy but I got to tell your listening audience that Trump is going to unleash

00:14:41.680 the biggest boom because he's going to let our our businesses grow he's going to let the private

00:14:47.200 sector do it he's going to cut taxes he's going to cut regulations better trade deals he is going to

00:14:51.760 we're going to see the biggest boom in American energy and I'm not talking about green energy I'm

00:14:56.280 talking about let's use our oil our gas our coal our nuclear power everything we've got

00:15:00.620 I'm really optimistic about America if Trump wins I really am I think we're going to see

00:15:06.820 that one of the biggest booms you ever saw in this country

00:15:09.800 one of the leading indicators of that in Germany which has tried to de-industrialize by their elites the

00:15:17.020 green party got absolutely the green party got eviscerated and and young people are saying get rid

00:15:21.620 of it this is this is what president Trump we get we could go back to full spectrum energy dominance

00:15:26.980 that will be the predicate or the foundational element for everything else uh Steve Moore I really want

00:15:32.740 people to go to your site and and to review these indices and I want you to share it so where do people

00:15:37.920 go right now sir yeah I want people to go to uh committee to unleash prosperity.com that's

00:15:43.620 committee to unleash prosperity.com you can see for example the report we did on COVID uh showed all

00:15:48.940 the mistakes that were made and especially during the Biden era by the way did you know Steve more

00:15:53.560 people died of COVID under Biden than Trump did you know that I did know that yeah I mean a lot of

00:16:01.880 Americans don't know that more people died under Biden than Trump under under COVID um but also I want

00:16:09.600 people to sign up for our free hotline I know you get it every morning uh just you know give us your

00:16:15.660 email we'll send it to you for free it costs nothing so committee to unleash prosperity.com and Steve

00:16:20.660 you know you are a national hero you're a patriot thank you for everything that you do and I can't wait to

00:16:26.760 see you in the White House in in uh in a year oh my god oh my god you're coming back Steve Moore don't

00:16:33.420 tell them that their heads their heads are their heads are blowing up their heads are blowing up

00:16:38.100 already I know more we know we know more I'll be here at the war room you'll be in the White House

00:16:43.160 we'll have you on every other day Steve Moore thank you so much brother great thank you Steve great

00:16:47.840 debate I want to thank Rav uh and Lindell TV for getting it up for us that's very important go to go to

00:16:54.360 the site and check out the 32 indices you'll see where President Trump comes on 28.

00:16:57.660 um this economy is not going to be done in isolation and one of the biggest geostrategic

00:17:05.420 debates we have and in fact it's we argue to decouple and decouple hard and support Lao

00:17:12.660 Beijing uh the noble and brave Chinese people in overthrowing their sociopathic overlords the

00:17:18.220 dictators around the country um and this debate still rages obviously you know President Trump's

00:17:23.420 going to meet later this week the business roundtable the business roundtable will be to a

00:17:28.300 man uh about continuing the hardwired the hard coupling with uh the Chinese Communist Party Wall

00:17:33.720 Street uh Silicon Valley uh all of it if you want to see the reality of what's that's brought if you

00:17:39.820 want to see the reality of you know 20 or 30 years of of of coupling of hard coupling with the Chinese 0.75

00:17:46.980 Communist Party and really the antecedents go back to the late 1940s the congressional research

00:17:53.160 service CRS and under people with like Andy Ogles and Senator Ruby and others helping get it done

00:17:58.280 have I believe produced the most brutal report I've ever read about the hypocrisy of the modern world

00:18:06.420 they have uh stripped away a communist dictatorship and shown that they're the richest they're just oh

00:18:13.760 look they're just autocrats and dictators the factions there are the wealthiest people on earth

00:18:20.760 they make the gulf emirates look like pikers they make the Russian oligarchs and Ukrainian 1.00

00:18:26.320 oligarchs look like pikers I mean everybody that lives in Belgravia and the west end of London is 1.00

00:18:32.420 is nothing compared to the wealth that they've accumulated now two of our favorite people Dr.

00:18:37.660 Bradley Thayer we had him on yesterday for a little taste and Bill Gertz have done separate

00:18:41.820 uh stories on this Bill Gertz has done it of course the Washington time where he's been the

00:18:46.020 the China hand there for many many years uh and Dr. Bradley Thayer had a brilliant piece that we

00:18:50.660 started yesterday I want to start with Bill Gertz Bill you but you've advocated this for many many

00:18:56.940 years walk us through exactly what the CRS report says and why it's so important that we press this

00:19:03.640 every day because this is the greatest information we could ever put out about the people that

00:19:08.860 enslave the noble brave and dignified Chinese people sir yeah this is my third story on this topic

00:19:17.120 uh in the Washington Times in April I reported that there was this section of the fiscal year 23

00:19:25.800 national defense authorization which requires the intelligence community to produce a report

00:19:32.580 specifically on Chinese corruption and hidden wealth known to be in the billions of dollars

00:19:38.560 and this report was originally due in December of last year and the intelligence community has not

00:19:47.160 done it yet uh my guess is that uh our illustrious intelligence analysis bureaucracy is trying to

00:19:54.800 torpedo it the office of the director of national intelligence told me in April that they are aware of

00:20:00.360 the legal requirement for this report and are working on the report fast forward uh Andy Ogles as you

00:20:06.860 mentioned a uh uh Tennessee Republican congressman he then passed additional legislation that gives the

00:20:14.220 DNI six more months to produce this report that was due again last December and this as you said this is

00:20:21.740 extremely important because it shows how corrupt and despised the Chinese Communist Party is and this

00:20:29.740 will directly contradict the Biden administration policy which has been stated by the president himself and

00:20:36.020 Secretary of State Blinken who said that they do not seek to undermine the Chinese Communist Party this is the

00:20:42.260 fatal flaw in the Biden administration uh policy towards China they don't understand that this is a corrupt and

00:20:49.740 despised dictatorship that has to be exposed and we've got to expose it

00:20:55.020 well talk to me first go back why

00:20:59.760 what is it that the intelligence community because this information is out there it's out there in

00:21:07.160 unclassified now it helps classified but why are they slow walking because it has to be slow walking it can't be

00:21:13.200 that they can't get the information or at least do enough they can get it out there why is the intelligence

00:21:18.520 community number one why do they not deliver on time and to any ogles and andy's great he's a fire-breathing anti-ccp uh congressman

00:21:29.680 why did ogles decide that he would work to give him six more months but then demand that they deliver

00:21:35.520 well uh they passed some new legislation or they they've introduced new legislation to give them

00:21:41.880 uh six more months and they also require testimony they want public testimony again this is a public

00:21:48.460 document and of course the intelligence community is going to claim that oh this is classified

00:21:53.460 information they're going to they're going to use heavy caveats by saying what kind of confidence

00:21:58.720 they have in it um and it's all reflective of the uh appeasement policies of the Biden administration

00:22:05.300 uh they've launched a new detente program with uh communist china and they want to try and get

00:22:12.380 along with the communist china they don't want to undermine this hated system over there uh that's 0.96

00:22:18.140 really going to take over the world unless we stop them and they are on the march globally and they are

00:22:24.500 going to take over the world and it will cost billions of lives if china succeeds in its mission the main 1.00

00:22:32.300 obstacle to china taking over the world is the united states so they're doing everything they can to 1.00

00:22:37.780 weaken and undermine the united states but this report is so critically important uh the intelligence

00:22:44.240 bureaucrats uh again though i suspect that they will try to use a classification saying that oh we can't

00:22:51.640 reveal what we know uh they know they have the goods on this they have the electronic intercepts which

00:22:58.000 show uh where this money where these funds are going how they do it they do it through cutouts

00:23:03.780 basically relatives wives uh offspring uh uncles aunts uh so they do it indirectly and that's the way

00:23:12.920 they can say well this is uh this this five million dollars over here for this building that's uh

00:23:18.940 that's owned by my my brother-in-law or my sister-in-law it's it's the classic case of how they do

00:23:25.260 corruption over there is there any concern of yours and by the way we'll go to break in a couple of

00:23:33.520 minutes i'll get dr thayer in on the other side to talk about the crs of it is there any concern of

00:23:38.680 yours that one of the reasons because you just said it they're slow walking this they don't want to put

00:23:45.980 this report out uh they certainly don't want to get out publicly they're going to put it behind if they

00:23:51.100 even do it at all which they're having to be forced to do it now even though it's statutory

00:23:55.820 uh that they will uh they'll be forced to do this and they'll use classification so that only a very

00:24:01.160 few select group of people like the intelligence committees in the house and the senate can see it

00:24:05.680 is it your concern that one of the reasons they are obviously uh blocking this the our

00:24:13.460 intelligence community that when you see the wealth of the families of the chinese communist party

00:24:18.420 you see how they've money laundered it into the west that you have to ask the question how much

00:24:23.740 is flow how much has flowed through washington dc how many of our guys are actually on the payroll

00:24:29.160 when you look where the cash went how much uh have the financial community in new york city on wall

00:24:35.260 street benefited how much has the tech community i mean the hollywood if you look at all the institutions

00:24:41.200 that every day carry the water for these dictators if you did this report you'd have to ask the

00:24:47.260 question hey i know that the sources of funds are allowed by jing uh china and the chinese people

00:24:52.820 but the uses of fund are not just to make them rich but to perpetuate their dictatorships do you think

00:24:57.960 it's one of the reasons being slow walked uh clearly that's probably the case as as with the uh

00:25:04.980 the covid cover-up you know they tried to cover up the u.s involvement in supporting gain-of-function

00:25:11.300 research there's no question that the chinese have pumped billions of dollars into american

00:25:17.540 politicians and businessmen to get their way done and this was all based on the uh disastrous

00:25:24.080 engagement policy for 40 years for 40 years uh i i've covered this going back uh many many decades

00:25:32.260 where they said china's not a threat just go ahead do business if we just trade with them if we just 1.00

00:25:37.960 engage with them it will have uh the trade and finance will have a moderating effect and will

00:25:43.440 lead to political reform it was an utter failure we've we've created a monster in communist china 1.00

00:25:49.260 today where we the u.s has been successful in building up this enemy which is trying to take over

00:25:57.280 the world and completely replace the free and open democratic system that has brought about the

00:26:03.320 greatest prosperity in modern history and they're going to take that over unless we stop them um and

00:26:09.780 so there's no question that the corruption uh and the hidden wealth comes is involved in u.s

00:26:16.880 investments so we need to find out what the chinese communist party leaders uh that is xi jinping

00:26:23.720 himself also the top of the standing committee of the politburo that's the seven-member

00:26:28.540 dictatorship that runs china then the 205-member politburo all of these people are massively corrupt

00:26:36.740 and have squirreled away hundreds of millions in hidden wealth probably a lot of it in the u.s

00:26:42.840 hang on hang on one second bill we're gonna bring you back short commercial break uh birchgold.com

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00:28:23.820 accounts first think back to 9-11 shortly after the government pushed through the patriot act this gave

00:28:29.480 the government power to spy on innocent americans by monitoring our phone and email and tracking our

00:28:35.300 movement across the internet now jim rickards editor of the independent financial newsletter

00:28:40.720 strategic intelligence and new york times best-selling author is warning about a coming event

00:28:46.220 that could elevate this governmental surveillance to a terrifying new level in fact some of the

00:28:52.080 guests i've had on the war room believe that the government will soon expand their powers to track

00:28:57.120 our every move if we say the wrong things on social media donate to the wrong causes buy firearms or

00:29:03.780 even vote maga the government may be able to shut us out of our bank accounts i can't say for sure

00:29:10.280 if this will happen but it's an interesting and dire warning fortunately jim rickards an american

00:29:16.320 patriot and friend of mine has made it his mission to educate us on what he believes is coming and how

00:29:22.140 to protect yourself from the possibility of programmable money watch jim's warning video now

00:29:29.240 before it's censored like i've been in the past go to rickards war room.com that's rickards war room.com

00:29:36.460 now to see the video can't pay the irs you haven't filed in a while receiving threatening letters

00:29:43.880 hey it's about to get worse you know why the irs is hiring an army of agents targeting hard-working

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00:31:11.660 if we look back and we realize we were just inches away from victory and that's when we decided to

00:31:16.960 give up join us and thousands of american patriots for the summer convention that all are invited to

00:31:26.840 how we're going to win in 2024 with the biggest speakers in the movement featuring president donald

00:31:34.260 jay trump charlie kirk donald trump jr the vape ramaswamy governor christine noah dr ben carson

00:31:42.100 tulsi gammar steve bannon candace owens laura trump senator rick scott kimberly guilfoyle congressman

00:31:50.760 matt gates ben johnson jack basovic lee zeldon congressman eli craig brandon tatum and more june 14th

00:32:00.360 through 16th 2024 is our final battle in detroit michigan the great silent majority is rising

00:32:07.420 like never before join us for the people's convention this is a new ball game everybody

00:32:13.020 you send a message we play to win register now at tpaction.com slash peoples

00:32:21.160 if he if he goes slash war room you get a 25 discount we're all going to be there the whole team

00:32:30.460 uh friday we'll be doing the show from there and also saturday i'll be doing a meet and greet

00:32:35.700 on saturday also give a main stage speech president trump will be there it's going to be wild so do not

00:32:41.360 do not miss it um want to continue on for what i said before the break the um an mtg said today about

00:32:49.080 the bricks nations uh this is the fifth free installment we have in the end of the dollar

00:32:54.240 empire it's about the central bank digital currency versus fiat money but one of the things we drilled

00:32:59.240 down on is the bricks the rise of the bricks and particularly their search to get around brenton

00:33:03.540 woods uh mtg talked about today uh about their particularly the central banks purchase of gold the

00:33:09.380 largest purchaser of gold as a central bank is the chinese communist party uh they know that the

00:33:15.680 world's going to go through further instability one of the reasons they know that they're the financier

00:33:20.640 of the mullahs in in persia they're the they're the underwriters of the kgb they're the underwriters of

00:33:27.280 the muslim brotherhood of what's happening in in hamas obviously the persians in in hezbollah and northern

00:33:32.120 northern israel so they know times of turbulence are coming this is why you need to look at um

00:33:39.040 gold as a hedge against that birchgold.com the very best people and we've got it we've set it

00:33:45.340 up so that you can talk to senior management remember we give you the overall macro uh economics

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00:33:55.320 instruments all that and about timings of purchases etc so that's where you can talk to philip

00:34:00.100 patreon hey birchgold.com slash bannon check it out also one of our contributors now jim rickards

00:34:06.100 and rickards is no gold bug uh rickards uh though wrote a following book from rand paul or excuse me

00:34:13.400 ron paul uh who saw wrote in the 80s during president reagan's he thought reagan was going to the gold

00:34:18.060 stand he didn't ron paul wrote a book called the new case for gold uh or the case for gold and jim

00:34:25.220 rickards has written one called the new case for gold you get it free by getting strategic

00:34:29.780 intelligence that's his monthly newsletter i know you guys love him coming on the show so what you

00:34:34.320 should do is just go to rickards that's with an s rickards war room.com sign up today rickards

00:34:40.420 war room.com for strategic intelligence bill gertz you've been doing this for many many decades uh now

00:34:47.140 i think we're getting down to the to the to the good part to really expose the chinese communist party

00:34:51.980 wan shi shan she the princelings all of it for what they've done to the chinese people and what

00:34:58.060 they're using that cash that they've stolen to fund uh this really this chaos throughout the world

00:35:03.500 how do people uh get to your podcast you got a podcast you're the columnist over the times

00:35:08.900 you're the number one what i call china hand where do people go to get your content

00:35:12.500 sure yeah i have a podcast called victory over communism that uh examines uh chinese communist

00:35:19.520 ideology and american marxist ideology and offers a counter proposal based on judeo-christian

00:35:25.660 principles uh my website is the gertz file.com and uh this forthcoming dni report on chinese

00:35:34.040 corruption and hidden wealth is the most important report it will be a public report it's required in

00:35:39.680 law uh congress needs to maintain pressure on the intelligence community uh even if required to cut

00:35:47.540 off funding until they produce this report because it will undermine the credibility and the and expose the

00:35:54.360 utter corruption and uh despicable activities of the chinese communist party 0.94

00:36:00.200 and maybe their fifth column here in the united states of america just saying i think this is why

00:36:07.000 it's such a tough thing to get the intelligence community to do it bill gertz uh social media bill

00:36:12.120 gertz where they go uh at bill gertz i'm on all the platforms uh and uh i can tell you that this story

00:36:18.840 has uh been attacked by the chinese uh uh trolls on there so you can tell when you're over the target

00:36:25.920 you're uh taking flack so it's clear that this is a really important story that beijing is trying to

00:36:31.820 cover up bill gertz you're a hero patron hero thank you sir thank you dr thayer the crs report because

00:36:42.480 the links to it they have guys you know like mike foresight who was at bloomberg he's now over the new

00:36:47.480 york times so he was at bloomberg he specifically covered the princelings from beijing until bloomberg

00:36:53.860 got rid of him why'd they get rid of him too many stories that talked about this hidden wealth first

00:36:59.580 off just pull the camera back why is this important for the congressional research service rubio people

00:37:04.220 to push it yourself why is it important who cares uh if the chinese uh communist emperors the new

00:37:11.060 emperors uh have all the money the emperors have had the money forever what's the big deal why should

00:37:16.360 anybody care about lao beijing getting ripped off sir because it shows the fundamental illegitimacy of

00:37:23.780 the chinese communist party uh it shows that that ideology that they advance is incoherent 0.62

00:37:30.240 uh and in essence they're just thugs and grifters uh who have no right no legitimacy to no uh

00:37:40.960 justification whatsoever to rule uh the great chinese people so the crs uh memorandum and the

00:37:50.040 report that bill gertz uh identified from the ic forthcoming a report uh is not going to be a silver

00:37:57.100 bullet but it's as close to a silver bullet uh that um uh we're going to have i think in the near term

00:38:03.240 in revealing for all audiences steve all global audiences right look at that and that's why it's

00:38:10.500 key that it's public to show the true nature of the chinese communist party so this is critically

00:38:18.660 important and bill gertz's story in the washington times on sunday uh on june 9th uh does a deep dive

00:38:26.560 really into the report and shows as uh the crs memo demonstrates that um media of course uh you've

00:38:36.140 had some heroic journalists like bill gertz you mentioned forsyth and some others uh who run into

00:38:43.340 big trouble from uh their employers of course because they're getting uh pressure obviously from

00:38:50.420 the ccp to media like hang on let's let's let's talk let's talk about foresight bloomberg and i say

00:38:58.120 the best tv out there besides war room and real america's voice is bloomberg because they go around

00:39:03.160 the clock to the capital markets you see the news you have this you have what's up on the screen

00:39:07.160 they're a pure information provider for the bond market because the bond market dwarfs the stock market

00:39:12.740 and those terminals go across knowing understanding how the regime worked and particularly how the

00:39:20.220 regime uh took uh basically the wealth of the chinese people what they did with it because

00:39:26.960 it's not a normal capitalist society how they stole it and then how they redistribute it and where they

00:39:32.480 redistributed to to get power you would think would be absolutely central to a business network like like

00:39:39.460 bloomberg how did bloomberg you can see maybe the new but how did something like bloomberg because if you

00:39:44.260 look at the crs memorandum there's tons of links to foresight's uh his reporting he got blown out for

00:39:51.260 doing too detailed reporting on the princings on this very topic how can the media justify

00:39:56.820 letting a guy like that go well they can't justify it and and they shouldn't have done it but they want

00:40:04.800 access and the ccp's got rules and uh the uh the first commandment is you're not going to criticize 0.95

00:40:12.420 them and you're going to do what they say if you're going to have access uh to the people's republic of

00:40:18.780 china which so many which global media of course uh do uh but the the key factor here is uh steve

00:40:29.680 they've taken that wealth uh it's part of their political warfare strategy right this is uh the ccp's 1.00

00:40:36.480 tool to use a strategy to use against the united states the west and all of its enemies which is

00:40:44.260 to take the wealth that they're taking from the chinese people and from u.s and other investors

00:40:50.040 and then they're converting that wealth into direct political influence in the united states with media

00:40:57.960 with universities penn biden center of course the list is is uh obviously and sadly uh very long

00:41:06.200 so from the ccp's point of view that was a genius uh as long as they could get away with it but 0.95

00:41:13.360 again the reason why bill gertz is reporting is so important and the piece i did with paul berkowitz

00:41:19.820 uh and senator rubio and others on the hill is so important is because it's ending that it's showing

00:41:28.100 if you will what's behind the curtain and how these guys have gotten away with this uh for so long

00:41:35.960 and again fundamentally it reveals their illegitimacy right they should not be uh ruling china right they 0.86

00:41:44.680 should be in prison uh at best and they need to be evicted from power and the crs memo is so important 0.88

00:41:52.980 because it shows that again lifts up the curtain to show the true face of the regime despite all the

00:42:00.980 lies that they tell or about win-win diplomacy or or this that and the other thing uh it's all a lie

00:42:08.600 and it's all deception uh and at heart this is just as all communist governments are right just ruled by

00:42:16.600 thugs uh and dehumanizing uh political systems uh that are you know the center of evil in the modern

00:42:25.500 world as ronald reagan said of the soviet union so the crs report is critical for that and let's hope

00:42:33.700 despite the suspicions that you have and bill gertz rightfully have of what the ic actually might

00:42:38.660 produce uh at least that's moving in the right direction we're finally taking some offensive steps

00:42:46.060 in political warfare right which is the key to defeat the ccp right we don't want to fight a kinetic 1.00

00:42:52.760 war with the people's republic of china we want to evict the ccp from power through political warfare 1.00

00:43:00.140 and this is a very important step long overdue but a very important step in that direction

00:43:06.860 uh dr thayer i want everybody to get your reporting on this and i want everybody to get to the crs report

00:43:16.280 and then to the links in the crs report i think this is very we gotta give the speed for the ic but

00:43:22.600 this is as you so so rightfully said we're it's it's first time really we're going on offense on the

00:43:29.560 political warfare side it's too many times that you know from the confucius institute to what's

00:43:34.620 happening on wall street uh it just seems overwhelming but we're going and there are victories out there

00:43:39.500 this is the number one thing i think your co-author paul berkowitz will say the number one thing they want

00:43:45.700 to hide is how wealthy they are in a communist system because it reinforces their illegitimacy

00:43:50.360 we can't overthrow the chinese communist party the united states can't overthrow the chinese

00:43:56.060 communist party only lao baijing only the people of china have to take in righteous indignation and do

00:44:01.880 it themselves we can clearly be here to support it's one of the things i know you've dedicated your

00:44:07.300 life to i've dedicated my life to is to take down the ccp um where do people go to get your writing 1.00

00:44:13.540 you and berkowitz also to get to the crs memo underneath all the links uh and also you and

00:44:19.660 captain finnell's book yeah and it shows they've got feet of clay uh steve the key point right if

00:44:25.320 you push against them and continue that they'll fall uh as all communist governments uh will uh i'm

00:44:32.320 at bradley thayer at getter and bradley thayer truth and brad thayer at x and jim finnell uh captain

00:44:37.300 james finnell and i wrote embracing communist china uh america's greatest strategic failure

00:44:42.820 uh where we develop a lot of these themes uh in uh in more detail and uh that's available wherever

00:44:49.460 you buy books and then while paul berkowitz and i did a piece on this uh with the sunday garden

00:44:55.360 sunday guardian uh in new delhi in india and folks can get that and i'll make sure all the links are

00:45:02.360 posted thank you steve no the sunday guardian piece was absolutely extraordinary what a great

00:45:09.120 paper that is so fantastic thank you very much sir dr bradley thayer um this is one of the ones we've

00:45:16.520 got to keep we've got to stop kidding ourselves about there is a reason that the intelligence

00:45:21.420 community did not uh did not it's not because they can't get to the information it's not because they

00:45:28.320 can't organize the information it's not because they can't present the information why is it taking

00:45:33.740 so long when it finally had to force it do codifying it to demand it from them because this is one of the

00:45:40.160 central things and once people understand this and once it permeates out into the to the media and to

00:45:45.720 society and culture people understand what what an what an what an evil apparatus this is and what

00:45:52.160 they've done to the chinese people this is kind of like in the french revolution the french revolution

00:45:56.540 really didn't get going until they started to publish the balance sheet and income statement of

00:46:01.880 the uh of louis the uh 16th in the royal family and and all the aristocrats and what the crown had done

00:46:08.100 uh with their money and all of it wasn't put to good use like supporting the american revolution

00:46:12.660 a lot of it was in building places like versailles and the french people had enough of it this is the

00:46:18.300 tight this is the same type of thing why is the intelligent community so slow to it remember we first

00:46:24.440 started with jace medical dr sean roland and those guys it came as a big surprise everybody and it

00:46:29.760 shouldn't have but it came to as a big shock back in 2020 in spring of 2020 when we found out not just

00:46:35.860 the ppe but we found out the entire supply chain for generic drugs including active pharmaceutical

00:46:40.780 ingredients 100 was controlled by the chinese county's party in mainland china and people go how did

00:46:45.800 that happen this used to all be made here in the united states well it just because we had people

00:46:50.940 looking the other way some people making money off this it all got shipped with much of our

00:46:54.880 manufacturing but this is a strategic asset that's where rosemary gibson wrote that incredible book 0.95

00:47:01.220 about they had the high ground and they can cut it off at any time uh the jace medical guys started

00:47:07.320 the company just on that but what's what's evolved to is the fact of look at the shutdowns

00:47:13.980 and pharmacies first i'll look at the bankruptcies and liquidations but look at the cyber attacks

00:47:17.820 look at when you go now and just on the the counters outside they've got it behind glass and

00:47:22.620 you can't even get there's nothing there the empty shelves look how many times you call and just basic

00:47:28.100 antibodies you can't get them from a pharmacy this is deeper than just the chinese communist party but

00:47:33.020 that's why jace medical was set up to make sure it's coming off this theory of the case that the ccp

00:47:38.340 can shut you down now you've got in every different angle that's why when you have one of these

00:47:43.240 institutions like jace medical and we set it up that you can talk to senior management you you

00:47:48.900 should use it just for information gathering alone in your own life so that's why i go to jace

00:47:53.740 uh medical uh dot com and uh and do that today jace medical dot com and just take take the worry

00:48:01.080 off you another set of worry is when we had steve mourner talk about we talk about um the economic

00:48:07.440 plan you saw the debate on cnbc between hanum and firman one thing that's going to get very

00:48:13.480 contentious is is the trump tax cuts which were a supply side tax cut we did back in in 17 i didn't

00:48:20.340 love all of it particularly some of the upper brackets but it worked overwhelmingly i didn't

00:48:24.600 like some of the corporate stuff about not restricting a stock buybacks all that can be taken

00:48:29.300 care of but that all comes that all comes uh back or off starting in the first couple of months

00:48:36.320 of president trump's second term along with all this spending and you've had scott best and you

00:48:40.720 had steve moore talk about hey we got to get the tax cuts in here's how to do maybe do some offset

00:48:44.740 suspending but the pro the issue is is like with biden you you're having trillion and a half and two

00:48:51.460 trillion dollar deficits every year that's got to be that's got to be um it's got that gap's got to be

00:48:58.340 closed a supply side tax cut can help and we can grow our way over time particularly we get deficits to

00:49:04.240 three percent what scott best and steve moore talk about instead of seven percent of gdp today

00:49:08.800 you can get a plan to get there but in the interim and this is why they hired the 10 000 new irs agents

00:49:15.880 they've got to get blood out of a stone and they're not going after the wealthy one of the reasons the

00:49:20.600 wealthy already have brilliant tax lawyers and tax account and every transaction they do is set up to

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00:50:46.300 on fire obviously now these announcements of the hearings uh with uh colangelo and and folks coming

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00:50:58.340 forward the hunter biden uh jury the the results of that it's just going to be on fire the great lou

00:51:05.220 dobbs follows me uh and then we're back at 10 a.m tomorrow morning live from the war room before i go

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Bannon's War Room - June 11, 2024

WarRoom Battleground EP 552： Hidden Wealth Of Chinese Rulers

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