Bannon's War Room - WarRoom Battleground EP 674： Trump's Energy Policies Vs. Failing Bidenomics

00:00:00.000 How far can Donald push these men, Donald Trump push these members?

00:00:04.220 How far can he push them to say, you're going to do what I say or else?

00:00:08.700 Do you think they're willing to cross him on Pete Hegseth, on Tulsi Gabbard, maybe even on RFK Jr.?

00:00:14.840 I mean, the good part is we're starting to see the system actually play out.

00:00:17.940 We've said, well, there's not going to be any guardrails.

00:00:19.920 Well, I mean, there kind of still is.

00:00:22.760 And to Joe's point, it's like these guys aren't up for the job.

00:00:27.220 You can get somebody else.

00:00:28.460 We'll be nice.

00:00:29.240 We'll do it politely and quietly, and then we'll give you everything else that you want.

00:00:33.480 So I think that's how it's going to play out.

00:00:34.740 But you think about Pete, I mean, the Pentagon would swallow him up in one week.

00:00:40.620 That's what I was going to say.

00:00:41.720 You push aside all the other horrific types of judgments.

00:00:47.260 You look at his lack of inexperience.

00:00:49.240 Tuesday.

00:00:49.960 It's Tuesday.

00:00:51.840 Thank you.

00:00:52.820 It's Tuesday, 17th, December, year of our Lord, 2024.

00:00:55.940 I just want to play that first part again.

00:00:57.780 Not yet.

00:00:58.760 I'm going to call for you.

00:00:59.880 You get a second.

00:01:00.420 Just what he says.

00:01:01.220 The system's playing out.

00:01:03.020 There's no guardrails.

00:01:04.240 They say there's no guardrails, but there are.

00:01:06.500 They're trying to.

00:01:07.320 You see this on Capitol Hill with the CR.

00:01:09.580 You see it.

00:01:10.360 Everything they're doing, the nominations.

00:01:11.680 They are working around the clock to mold Trump, to moderate Trump, to try to get Trump to conform.

00:01:21.940 Trump's at his best when he's not conforming, when he's breaking things and then sitting there as the builder he is and figures out how to reconfigure him and put him back together.

00:01:32.140 You're in the war room for our evening show.

00:01:36.360 You just had the late afternoon show.

00:01:38.160 Ben Harnwell is going to join me from Rome, the eternal city.

00:01:43.300 And we've got Walsh.

00:01:47.360 Dave Walsh is going to join us about energy because there's a commonality.

00:01:50.940 What underpins every successful industrial society is cheap, efficient, available energy.

00:02:05.580 And these governments in Germany, in France, in the United Kingdom, in Canada, they're either falling or on their back foot about to fall in the United States of America because of the same problem.

00:02:19.380 The Western nations bought into this fantasy, supposedly the smartest guys in the room, and it has had a devastating effect upon the people.

00:02:31.360 It's part of the populist reaction.

00:02:33.220 You've had the fiscal and financial crisis, but you've also had the cost of living.

00:02:37.860 And one of the reasons the cost of living is out of control is because of all this radical concepts that were pursued by your betters, and that would be the global elite.

00:02:48.780 I want to start first, and I'll play this back.

00:02:51.680 I'll ask for this to be played back in a second.

00:02:53.140 I want to start first in Rome with Ben Harnwell, our favorite topic of the Ukraine.

00:02:57.600 And here's what upsets me so much with the Ukraine. 1.00

00:03:00.080 Ben, if you go back to the very beginning of this fiasco almost three years ago, we were adamant.

00:03:06.500 You, me, Posobiec, the people we'd have on, this is a disaster, not even so much for the United States of America, although we knew we were going to get sucked into it and write huge checks, but it was really a disaster for the Ukrainian people. 1.00

00:03:22.400 And what's happened over the last four or five weeks, if you have seen this, it is nothing short of disgusting.

00:03:30.100 I actually put up the other day on Getter a story where Blinken and the Biden regime, the illegitimate Biden regime, I might add,

00:03:38.020 we're now up in the faces of these senior executives, senior personnel in the government of Ukraine demanding, demanding that they start to draft or basically Shanghai,

00:03:53.220 18 or 500,000 18-year-olds to send them to the battlefield because Biden cannot afford, cannot afford a catastrophic loss here.

00:04:01.920 The Democratic Party can't, the global elites in the United States, and that's what they're getting.

00:04:05.880 They're getting horrific, the worst of both worlds, where they've killed or wounded millions of Ukrainians. 0.99

00:04:13.200 They have a completely devastated country, and the Russians are in a better negotiating position than they were at the beginning of the war.

00:04:19.740 Ben Harnwell, you've been all over this for almost three years now.

00:04:24.260 I know you've got a lot to say. Take it away, sir.

00:04:26.360 Yeah, our sociopathic overlords, you really get to see where the adjective sociopathic comes from, if you see their latest manoeuvres on this.

00:04:37.540 Pushing Zelensky to lower the conscription age down to 18 in a war that is all but lost from the Ukrainian perspective,

00:04:48.800 simply because they don't want the collapse to happen.

00:04:52.200 The Biden regime doesn't want the collapse to happen under its watch.

00:04:55.220 It is sociopathic, the absolute disregard of any value of human life on the Ukrainian side and on the Russian side. 0.99

00:05:05.800 And this is what we have been talking about this in real time.

00:05:10.800 At the very point, Steve, that Russia is making gains at a faster rate in this war than at any other point in three years. 0.55

00:05:20.540 So at the point where it's really turning around for Russia, that's the point that Biden, Blinken and Sullivan are coming in, putting the pressure on Zelensky to reduce that age.

00:05:33.280 Look, so what I want to do today is I want to offer to the war in posse something.

00:05:39.620 Look, guys, when you're reading the broadsheets, like the New York Times and the Washington Examiner and the Wall Street Journal,

00:05:47.780 when you're watching cable and all the rest of it, they're not piecing it together for you.

00:05:51.680 This is what the war room is here for.

00:05:53.100 I'm going to try and put a narrative together here.

00:05:56.700 There are three principal proposals, informal proposals that are floating around President Trump.

00:06:03.880 And I just want to go through all three of them.

00:06:07.600 One of them is the least objectionable.

00:06:11.400 Let's start off with the Kellogg plan.

00:06:14.260 General Keith Kellogg, who's been on the show quite a lot of times in the past, has some sensible things to say.

00:06:20.100 I don't support him on this.

00:06:22.480 The press are calling it the Kellogg plan, the flights, Kellogg flights plan.

00:06:27.580 That's Fred.

00:06:30.560 On the National Security Council, it's even sort of being associated along with Sebastian Gorka.

00:06:36.760 So whether we're calling it Kellogg, Kellogg flights, Kellogg flights, Gorka.

00:06:40.260 This is their plan.

00:06:41.620 And this is the one that most people seem to think has the president's ear.

00:06:45.380 I don't believe so myself.

00:06:46.680 But this is the standard plan.

00:06:48.920 And all three of these plans, I'm going to flag up now, explicitly shelve NATO membership.

00:06:58.860 As I've been saying for some time on the show, I think the whole issue of NATO membership is somewhat of a shiny toy.

00:07:05.720 But at least they're shelving that.

00:07:08.780 So the Kellogg plan is this.

00:07:10.660 Trump to supply more U.S. weapons to Kiev, but only if it agrees to talks.

00:07:16.200 Those supplyings of weapons to Kiev would accelerate if Moscow doesn't agree to talks.

00:07:26.760 The outshot of those talks will be that the U.S. will offer security guarantees, which could include boosting even more weapons supplies if an accord is struck.

00:07:42.000 That is basically an open check to the military-industrial complex, Steve.

00:07:46.800 It's not America disengaging, decoupling from Ukraine.

00:07:53.260 Very far from it.

00:07:54.460 It's on the slide.

00:07:55.620 You're committing yourselves even more to defend Ukraine under this Kellogg plan than you would be doing if Ukraine just joined NATO.

00:08:03.700 So I reject that plan, the Kellogg plan.

00:08:06.280 But look out for that, folks.

00:08:07.300 You will see it being mentioned in the press, often with the reference to explicit U.S. security guarantees.

00:08:16.460 The other plan, let's call this the second plan, is Rick Grinnell's plan.

00:08:20.280 And this is the idea of creating autonomous zones in the Donbass, which would be what isn't mentioned, of course.

00:08:28.880 If you're setting up suggesting that these four, I think, provinces there, that will be neither Ukrainian nor Russian, they will require underwriting and protecting.

00:08:40.960 And that, again, there's no decoupling in sight for that one.

00:08:44.740 So I can't commend that plan.

00:08:47.320 The plan I draw closest to is Senator Vance's plan, which is basically, and I think in his words, to use a demilitarized zone to support the frontier there between Russia and Ukraine to prevent further Russian incursions.

00:09:07.420 And that would be the one of the three plans that I would find myself being drawn closest towards, because it has less risk for America.

00:09:19.720 That was with regards, specifically, the Kellogg plan with the U.S. security guarantees.

00:09:28.060 Now, you're also going to be reading, folks, if you're following the news on this, references to your providing security guarantees.

00:09:35.580 What I didn't get to mention in the show this morning, Steve, you know, I think this is absolutely explosive, I really do, is an article that was in Foreign Policy magazine, basically saying that if you want peace, then Zelensky needs to be sidelined.

00:09:54.960 In fact, the headline is this, keep Ukraine out of talks to end its war.

00:09:59.600 And here's what emerges in that article, Steve, and the journalist, Anatole Levin, is referring to his own direct sources here on the ground.

00:10:11.160 And with regards to the European countries that are agreeing to send in their troops, what he has picked up, this journalist writing for foreign policy,

00:10:21.440 is that they're only doing this behind the scenes because there's this implicit suggestion that there will be, and I quote here from the article,

00:10:32.440 an ironclad guarantee from Washington that the United States would intervene if they were attacked.

00:10:39.960 So even, folks, if you're reading stories here that it's going to be the Europe aspect of NATO, or even part of the, under the aegis of the European Union,

00:10:50.860 that is going to be providing the security guarantees for Ukraine.

00:10:55.340 Behind the scenes, the Biden administration, for now, because they're the ones pushing these talks, are guaranteeing to the European capitals,

00:11:05.280 you go ahead on paper and pledge to the security, we'll come along and back you.

00:11:10.540 You will have our ironclad guarantees, whatever they might be worth, that will come along and back you up if Russia should attack you.

00:11:18.600 Steve, my only observation—

00:11:19.820 Well, hold it. But hold it. Hang on. Hang on. Hang on. Hang on. Hang on. Hang on.

00:11:24.540 You're saying that, essentially, with the money we're putting in and we're continuing to put in,

00:11:29.020 that's an Article 5 guarantee, because that's, hey, if you're attacked, it's like we're attacked, and we will give you—we will come to your aid.

00:11:36.380 That's essentially giving them NATO without having to actually do the NATO and take all the publicity.

00:11:41.660 That's totally unacceptable.

00:11:42.920 I don't know if any of those, even Grinnells, was that acceptable.

00:11:47.240 But it cannot have—anything that happens has to have de minimis amount of American money.

00:11:55.140 No American troops and no American security guarantee.

00:11:57.800 The security guarantee has got to be the front-line nations of Europe.

00:12:01.100 It's got to be big-talking Boris Johnson in the U.K.

00:12:04.700 It's got to be big-talking Macron in the French.

00:12:07.680 It's got to be big-talking German government.

00:12:10.140 All these guys talked a good game, talked a big game. Where are they?

00:12:13.080 So we're going to be adamant here in the war room, not one American soldier and nothing even close to a security guarantee.

00:12:19.640 If you do a security guarantee, you're just sucking yourself into a quagmire.

00:12:23.480 You might as well be in Vietnam with President Diem. 0.79

00:12:29.440 This is outrageous.

00:12:31.120 If that's true and foreign policy is saying, hey, they want America to backstop an ironclad guarantee that they're attacked, that America comes in 100 percent, that's Article 5.

00:12:41.500 And we're sending them money in arms so they get all the best of NATO without any of the commitments of NATO, except we have 100 percent of the commitments.

00:12:50.860 That's not acceptable.

00:12:51.580 It's totally unacceptable.

00:12:53.180 Steve, it's worse than Article 5 because Article 5, when you read it, doesn't actually oblige signatories to commit to anything other than taking what action they deem to be necessary.

00:13:05.300 And that could be a sharply worded fact.

00:13:08.660 You know, we're observing this.

00:13:10.160 We're appalled.

00:13:11.100 We're monitoring it closely.

00:13:12.960 And that's if a NATO member is attacked, right?

00:13:16.160 We're following this and we're monitoring it closely.

00:13:18.940 And that fulfills Article 5 obligations.

00:13:21.580 What this article here in foreign policy is talking about is binding you in to actually intervene if one of these nations that are underwriting Ukraine security guarantees are attacked, to bind you in to actually do something.

00:13:37.080 So it's worse.

00:13:38.260 And as you point out, the actual subs of the 2 percent, I think Estonia is lobbying now for this to be raised to 3 percent of the defense spending of GDP.

00:13:51.160 But that's obviously not the end into this discussion.

00:13:55.380 I have a point, Steve, to mention with regards to this, right, which is even more appalling when you zoom out.

00:14:01.800 You and I, over many years, we've both read a great deal of books on the Second World War.

00:14:07.040 What I remember reading in these books back when the war, when the dynamics between Germany, Russia, and what have you, you were kicking off, was what were called secret protocols.

00:14:21.740 These are secret agreements that two states would have with one another, and they would be known only by the two governments, the signatures of that.

00:14:30.480 The practice of secret protocols was so abhorrent after the Second World War had been run and the United Nations had been created that the signing of secret protocols is prohibited for all UN member states.

00:14:49.400 So I don't want to use the word secret protocols for this, but we're nudging up against it.

00:14:55.800 My point is, these paladins of the international rules-based order, as they portray themselves, could actually not have less contempt for the international rules-based order that they're supposedly trying to defend.

00:15:12.520 It is just a grift for them.

00:15:14.360 And this here, as I say, in foreign policy is an absolutely horrific article because it suggests what your illegitimate regime is doing behind your back, Americans, because they know Ukraine membership in NATO is so unpopular.

00:15:31.820 They're trying to stitch you up without even you knowing about it.

00:15:35.840 So this gets back to the CR, the fight we're having for short-term funding.

00:15:44.240 This funding, folks, is for 90 days.

00:15:48.160 It kicks the can down to March, 90 days.

00:15:51.060 Look at the struggle we're going to have on this and the knifing in the back on this.

00:15:55.320 This pales, this is going to be one one-hundredth of what's going to happen in the fight, in the budget fight for next year, for the full year, and then every year after that.

00:16:07.200 I want folks to embrace the first rule of debt club.

00:16:13.120 The first rule of debt club is you never pay off the debt.

00:16:17.480 You never pay off the face amount of the debt.

00:16:19.360 You're only scrambling to pay the interest.

00:16:21.360 In Ukraine, we will end up have sent $250 billion, and there's more.

00:16:28.740 You know, we just did a $50 billion loan where we stole, essentially stole the money from the Russian people, something we've never done.

00:16:36.260 We didn't do that to the Nazis.

00:16:38.940 We didn't do that to Imperial Japan.

00:16:40.900 We didn't do it to the fascists in Italy.

00:16:42.780 We literally stole the money of the Russian people from their central bank that was in Western banks, particularly in U.S. banks, and not just used it as a loan guarantee, kind of took the cash and sold the assets and used it as the loan itself.

00:16:58.480 My point, these budget fights are going to get more and more horrendous.

00:17:05.800 And the core of the budget fight, the core of Doge and what Russ Vogt's trying to do is trying to make spending match revenues.

00:17:15.860 The only way to get there without tax increases, because you just can't keep printing money, is you're going to have to have – you're going to do less things.

00:17:27.720 There's no research on crickets or, you know, all this stuff you see on Fox all the time.

00:17:33.780 It comes around.

00:17:34.220 Paul, that's also fine.

00:17:35.180 Yes, that ought to be cut off, but that's not what we're talking about.

00:17:37.120 It has to be major – you have to take major blocks, major departments, major agencies, major programs, programmatically, and take billets with it.

00:17:47.500 And the Defense Department's right for that.

00:17:50.400 The reason this thing is $900 billion, it just passed.

00:17:54.680 I should say right now it's passing – the Senate version is passing right now.

00:17:58.620 The House passed the other day, and they'll do a joint bill and have it to the president's desk here pretty quickly, $900 billion, almost a trillion.

00:18:05.360 Actually, we spend more than a trillion, but they spread it out to other cabinet positions so that we don't have to sit there and go, look, it's a trillion dollar defense budget, when it is a trillion dollar defense budget.

00:18:15.620 Luxuries like Ukraine, where the globalists are running around – and Biden did this because the crimes in Ukraine of Victoria Nuland and Samantha Powers and Ann Applebaum and all the sorority – you know, all the death sorority sisters 0.60

00:18:32.540 and others on the color revolution in Ukraine, we start investigating that, all the kickbacks to Zelensky, all the money his oligarchs just grifted off the top.

00:18:43.180 It's like I said, the pus that comes out of that when you pick the scab is going to be so ugly, the American people are going to be revolted.

00:18:48.860 So you can't keep putting money in this.

00:18:52.020 Now you can't really get sucked in even more, having worse than NATO obligations, security guarantees.

00:18:58.880 Look, I'm a big fan of Keith Kellogg.

00:19:00.960 I think General Kellogg is a good man, and he's served President Trump well.

00:19:05.180 I was not totally thrilled of some of what he did with Vice President Judas Pence.

00:19:10.540 But hey, but his ideas are so radical as to be, you know, worse than neocon.

00:19:17.640 It's like, you know, the warmonger Pentagon, the worst element of it.

00:19:23.160 So somebody's got to do a rethink on this, and I hope Rick Grinnell has been now brought in as ambassador at large for special projects, special assignments will get on top of this.

00:19:33.280 But there should be absolutely no security guarantee whatsoever from the United States.

00:19:39.020 And people are saying, well, Steve, that's impractical.

00:19:41.980 Then the war is going to continue.

00:19:43.480 I go, oh, really?

00:19:44.680 If we cut the money off, the war is going to continue?

00:19:47.060 You expect?

00:19:48.020 They got France's governments in free fall.

00:19:50.640 The German government's in free fall.

00:19:52.500 The British government basically has the biggest majority ever.

00:19:55.260 They're in free fall.

00:19:56.700 And they have no money to meet their own basic commitments.

00:20:00.560 The English this year are freezing.

00:20:02.200 You don't have enough money to kind of do the fuel subsidy or whatever it is.

00:20:07.200 Grandmothers are freezing this Christmas.

00:20:08.980 Oh, you're telling me they got excess cash?

00:20:10.920 No, they rely upon Uncle Sugar.

00:20:13.660 So it should be no money and no security guarantee.

00:20:16.400 I apologize over Christmas for taking a hard line, but that's the hard line, and it's the proper line.

00:20:22.920 We have nothing to do.

00:20:23.840 We have 15 million invaders in our own country, and so far I haven't seen anything about how we're going to deport them out. 1.00

00:20:31.420 President Trump's working on the plan, but all I hear on MSNBC and CNN every night, you can't do it because it's $900 billion or $300 billion or $100 billion.

00:20:39.640 They're not bitching and moaning about the money we send to Ukraine.

00:20:41.920 Every penny we send to Ukraine does not secure the southern border.

00:20:46.400 And we have a long way to go.

00:20:47.760 Just because we won the election, nobody's left.

00:20:50.100 And you heard the ACLU we played this morning on Rachel Maddow.

00:20:54.060 They don't intend to anybody to leave.

00:20:56.360 So this fantasy in Ukraine has got to stop.

00:21:00.800 We have to put it back on to the European nations that got us into this mess and the people in Davos that got us in this mess, the people in Brussels that got us in this mess.

00:21:09.600 And guess what?

00:21:10.480 When you put it back on them and they got to face their voters, they get turfed out.

00:21:14.960 Why are we missing this lesson?

00:21:18.160 The Germans get turfed out. 0.99

00:21:20.180 The Macron gets turfed out.

00:21:23.040 Boris Johnson's Tories got turfed out, going to be replaced by Nigel Farage.

00:21:27.760 Trudeau, one of the biggest Ukrainians, and his finance minister, as you heard on the show this morning, she's one of the most over-the-top Ukrainian supporters, according to Jim Rickards.

00:21:37.940 So let them all get turfed out.

00:21:39.840 Let their voters get it up close and personal.

00:21:43.000 If the grandmothers in the U.K. freeze this Christmas because there's not enough money to pay for their fuel subsidies, then look at the 50 billion pounds you sent over to Ukraine.

00:21:54.380 Where is that now, Boris Johnson, who should be brought back and tried for treason in the United Kingdom?

00:21:59.920 Because I'm sure he's getting kickbacks left and right.

00:22:03.200 Ben Harnwell, any concluding thoughts in the Ukraine?

00:22:06.020 Well, look, yeah, you mentioned the asset seizing.

00:22:11.240 I think there's about $100 billion worth of Russian assets in America.

00:22:17.000 $300 billion, I think, is the figure I see for Russian assets in Europe.

00:22:21.920 The confiscation of these, what makes that even more appalling than it is, just stealing from the Russian people, is the fact that it's not being done with any due process whatsoever.

00:22:33.340 And by due process, I mean the state prosecutor or the federal prosecutor should go before a judge and say, this person is guilty of a crime.

00:22:43.560 And these are the assets that we need to seize because they've been illicitly gained by crimes, which we will demonstrate in court.

00:22:52.380 There's been none of that. People's names has been put on a list, circulated amongst the State Department.

00:22:58.140 And the private individuals and their assets have been frozen, and now they're being confiscated.

00:23:04.880 And if you look, the way to say how terrifying this is, this will be a precedent which will be used against Americans in the future.

00:23:15.620 That's how dangerous this is.

00:23:17.840 We got to this stage as a Western civilization, as a civilization, we got to this point where we are, that our sociopathic overlords are destroying,

00:23:27.240 because we had respect for the rule of law, and our sociopathic overlords have no respect for that.

00:23:34.580 And we can see they portray themselves as the adults in the room, and the great defenders of law and order,

00:23:41.980 they could not have more contempt for it, because those institutions stand in the way of their grift.

00:23:50.060 Unreal. Ben, just hang on through the break. I'm going to bring Dave Walsh in, but I want you to stick around.

00:24:01.120 This gets back, all of these get back to how do we actually finance this country?

00:24:07.000 Because we can't really have tax relief for the working class.

00:24:10.880 We can't allow regulatory relief and tax relief that impacts in a positive nature the lives of the middle class and working class. 0.71

00:24:18.800 And that is the central focus right now. If we do that, things are going to take care of themselves.

00:24:24.800 But one of the things you have to do is stop this mass federal spending.

00:24:27.740 How do you do it first? You've got to draw back the commitments, the commitments we do internally and the commitments we do externally.

00:24:34.400 And I think we start on the external commitments first.

00:24:37.840 Never said America is the essential country. Yeah, because we're the suckers that walk in and write checks. 0.98

00:24:41.900 Does it get any better? Does it get any better? 0.90

00:24:44.840 Does it get any better? Does it get any better? Has things gotten better in Ukraine?

00:24:49.120 We spent a quarter of a trillion dollars.

00:24:51.980 We spent a quarter of a trillion, $250 billion.

00:24:55.080 That we know of. I'm sure they're kicking money in there left and right behind the scenes.

00:24:58.900 Did it get better? No, it did not.

00:25:01.360 You have a million casualties on the Ukrainian side and 700,000 casualties on the Russian side.

00:25:06.080 No, and the country's devastated in the deal, land deal, the deal that President Trump's going to cut.

00:25:12.020 I think hopefully it's as good as when the war started. I don't know. 0.99

00:25:16.480 That's going to be a pretty tough sell to the Russians, I think.

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00:25:27.180 I think, look at the turbulence we've got on Capitol Hill, just on a simple CR.

00:25:34.020 We are going into a time of turbulence.

00:25:37.480 President Trump's here to make changes that need to be made.

00:25:40.980 He's not here for his health.

00:25:43.560 He didn't do this fight to kind of come back and hang out.

00:25:47.000 He's back here to save his country.

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00:27:00.540 Big victory on 5 November.

00:27:02.940 Now the work can finally start on the big issues facing the country.

00:27:06.520 One of the biggest is the national debt and the deficits that drive it.

00:27:11.540 Hey, you think the country's broke?

00:27:13.100 The country is broke.

00:27:14.060 We're just printing money to keep this house of cards going.

00:27:18.740 The strategy remains the same for you.

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00:28:19.780 Are you tired of progressive corporations that continue to further alienate conservative Americans,

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00:31:00.840 Call 1-800-958-1000 or visit TNUSA.com slash Bannon.

00:31:10.820 TNUSA.com slash Bannon.

00:31:13.780 All this nonsense, all this spin, they can't handle the truth.

00:31:17.920 War Room Battleground with Stephen K. Bannon.

00:31:20.520 Okay, I'm going to be out at AmFest Tuesday and Thursday night, I think I speak.

00:31:27.800 I want everybody from the posse that can make you, if you're local, or if you're coming from the region, it's going to be fantastic.

00:31:33.320 Turning Point puts these on great.

00:31:34.660 AmFest.com slash Warm.

00:31:37.040 You get 25% off.

00:31:39.380 Treat you and your loved ones to a great Christmas gift.

00:31:42.560 Go out there, hang out.

00:31:43.920 We're going to do Thursday, Friday, Saturday live.

00:31:46.960 So that's four hours, so 10 hours of live broadcasting with the World of America's Voice.

00:31:52.320 We're going to have audience participation.

00:31:53.980 I'm going to break off and do something, get to meet all you guys, take photos.

00:31:58.240 And then I give a speech with Tucker and Don Jr. on Thursday night, but I'll be around the rest of the time hanging out and making sure you get full access.

00:32:07.580 AmFest.com.

00:32:08.600 I'm really looking forward to this.

00:32:12.480 And Governor Gangsters, we're 100% down for, and tomorrow I'm going to show you new sites that are coming up to support President Trump's nominees.

00:32:24.060 That's why I played that thing at the beginning with Tim Ryan and these guys saying, oh, well, you know, the system is starting to play out.

00:32:28.860 They're going to start getting normal people in there.

00:32:30.620 They're going to get rid of Hexet.

00:32:31.600 They're going to get rid of Cash.

00:32:32.940 They're going to get rid of Tulsi.

00:32:34.900 They're going to get rid of RFK.

00:32:36.800 I don't think so.

00:32:39.160 So tomorrow we're going to show that.

00:32:40.600 Until that time, Governor Gangsters, see what Cash, some of his thoughts about not just the FBI but the DOJ, all of it, but what they had to do to President Trump.

00:32:50.020 Warroom.film, that's our new site.

00:32:52.980 I'm putting up all my old films.

00:32:54.480 We're going to announce, I hope, next week at AmFest a whole new slate of movies that we're doing.

00:33:00.240 So I want to get everybody up to speed.

00:33:03.800 But go see Governor Gangsters, warroom.film.

00:33:06.780 Check it out today.

00:33:07.500 It's on Salem now.

00:33:08.340 Think streaming.

00:33:08.960 Get this thing streaming everywhere.

00:33:10.320 I think if you're old school and want a DVD, we'll get you a DVD too.

00:33:13.540 Any way you want to see it, we will see it.

00:33:19.580 Dave Walsh.

00:33:21.920 Dave Walsh has been like an Old Testament prophet.

00:33:24.460 That's why I'd love me some Dave Walsh.

00:33:27.160 And I hope, and I believe Dave Walsh is going to be part of the Trump administration in the not-too-distant future.

00:33:34.800 But, Dave, you have—this is a called shot.

00:33:39.220 And the Worms had many, many, many called shots. 0.57

00:33:42.500 But this is one of our best.

00:33:43.660 Dave Walsh has said for years on this show, he said, hey, you cannot run a modern industrial economy with this madness that they're doing on, you know, net zero carbon, I guess is the way to say.

00:33:56.680 You can take all the climate change and all this stuff down.

00:33:59.560 It's a radical plan of energy that just doesn't exist.

00:34:03.500 It's not sustainable.

00:34:04.520 It's not available.

00:34:05.400 It's vastly expensive.

00:34:07.140 And one after another, in Germany, in France, in the U.K., in Canada, and now in the United States, this big thing we just had about inflation, part of it was the cost of living because energy costs are getting out of control.

00:34:18.480 So, Dave Walsh, can you just walk us around the horn there using an old baseball saying of these governments that keep falling?

00:34:25.760 And the underpinning of a lot of this is just the radicalness of their energy policies.

00:34:31.220 And President Trump, that's why Besson's 3-3-3, the last one, the three main, is just—that's a catch-all for full-spectrum energy dominance back to what President Trump did in the first term.

00:34:43.020 Dave Walsh, the floor is yours, sir.

00:34:45.620 Well, we have coincidences.

00:34:48.780 There are coincidences.

00:34:49.740 These governments in Germany and in Canada are beginning to fail yesterday.

00:34:54.940 Yesterday, Deputy PM Freeland resigns as finance minister under Trudeau, and leading to Olaf Scholz's attempts to now have a snap election because his alliance has failed in Germany was his firing of Christian Linder about a month ago in November,

00:35:14.600 who was, again, finance minister, over the reckless disagreement with finance ministers in both countries with the reckless financial course government leadership is on.

00:35:24.880 In Canada, Trudeau, Marlena Smith, the Alberta premier, has been very outspoken, a conservative,

00:35:30.620 on the absolute lunacy of net zero decarbon policies across Canada, but particularly affecting Saskatoon, Calgary, Alberta,

00:35:40.060 specifically with the lack of ability to drill for oil and gas and now the mandates to achieve net zero as a country being very, very adamantly outspoken.

00:35:49.860 She supported heavily this movement that has got Trudeau now on the ropes, even the Jermit Singh, the leader of the opposition new Democratic Party, is calling for his resignation, his allied group, Trudeau.

00:36:05.600 So hopefully soon enough.

00:36:07.480 But energy is at the core of the complaints about the budget.

00:36:10.540 Of course, now that the new President Trump has announced the possibility of 25 percent tariffs on Canadian imports if they don't get their arms around immigration, which they haven't,

00:36:22.240 and immigration to this country.

00:36:23.920 So Trudeau comes out with the sales tax relief and a $175 subsidy to Canadians, but no discussion of reducing the immigration mess he's caused. 0.98

00:36:33.820 So he's now fired his finance minister, who's written very vehemently that, hey, let's get at the core issues here of energy and of immigration to help avoid 25 percent tariffs in the U.S.

00:36:45.900 Let's get along with the U.S.

00:36:48.260 So he's allowed her to resign.

00:36:50.520 But it looks like he's on the ropes as well, which is a good thing.

00:36:53.780 In Germany, the same thing.

00:36:55.020 You mentioned, OK, Western Europe, in the time that we've now put forward $250 billion to support Zelensky.

00:37:01.020 Western Europe has procured $188 billion of natural gas and oil from Russia over the period of this conflict.

00:37:08.880 So little has changed in their behavior.

00:37:11.000 Germany shut down nuclear plants.

00:37:12.800 Germany had a 10-day period only three weeks ago with no wind in country.

00:37:17.940 Therefore, the electrical grid nearly collapsed over a 10-day period back in November, late November, leading again to the enormous energy cost.

00:37:26.320 Germany is seeing flat economy leading to this collapse of Schultz government, albeit he seems to be wanting a snap election to occur.

00:37:35.560 But that's, you know, it's a dangerous, dangerous game.

00:37:38.140 But it's all about, in large part, energy costs, as they've continued now to import LNG to offset the shutdown of their 17 nuclear plants, carbon-free, cheap, existing, fully amortized nuclear plants, all closed, importing mass quantities of LNG because they will not frack gas in Lower Saxony, where they're abundant with it.

00:37:59.860 England, the case is even worse with imports of LNG at a very high cost to offset energy shortages there, given their refusal to further exploit the North Sea gas fields, their refusal to frack on land, their refusal to harvest coal any longer in England.

00:38:17.500 England, you've got basically collapse of the economic, former very strong energy-driven economy in the UK, Scotland, and Wales is now on the ropes due largely to energy policies, and now highlighted by this war effort where they continue to import massive quantities of LNG from here at a very high cost, as opposed to producing it, and still from Russia.

00:38:42.640 So, you've got economic collapse leading to the collapse of these governments.

00:38:49.760 I think we're going to see continued movements in the direction of populism as we go forward, and largely energy at the core of the issues.

00:38:59.680 Let's go to the United States.

00:39:01.240 By the way, I just want to note, I was with Nigel for a couple of days, and he said that one of the things that's driving labor into these – they have a majority, the biggest majority ever,

00:39:11.620 but they're getting crushed everywhere they turn, is this thing about the grandmother's being freezing – you know, they're cutting the energy subsidy over the Christmas holidays, and he said, look, there's no money.

00:39:23.920 They're scraping for money, but he says it gets back to a terrible energy policy.

00:39:27.960 Here, the question is, tell me about this changeover. 0.74

00:39:31.460 Biden and these guys are trying to do everything possible to chop black President Trump.

00:39:35.000 Give me the state of play with where we are with Bidenomics energy, and how do you do that shift to what President Trump does?

00:39:42.520 Because you can do executive orders, you can get the animal spirits going in the energy area, but eventually you've got to do this kind of massive deregulation, don't you?

00:39:50.840 Don't you have to get in and kind of deconstruct the administrative state on this, Dave Walsh?

00:39:54.940 You know, we need to get the federal government out of the electricity business by removing the incentives on part-time, intermittent resources that provide very, very little energy and are not new technology.

00:40:08.280 Wind, solar, and battery storage incentives must be eliminated.

00:40:12.320 And to wit, Biden, you know, his death moves here, has now sponsored this morning a $15 billion subsidy to Pacific Gas and Electric, on top of yesterday's announced $9.6 billion subsidy to Ford Motor for a new EV plant.

00:40:28.860 Stepping into what the Federal Power Act created, the legislation and initiative for states to run electrification.

00:40:38.080 States are in charge of electrification through their public service commissions.

00:40:41.740 The federal government cannot legally step in and subsidize what are supposed to be state-regulated, state-controlled electricity costs legally.

00:40:51.800 Incentives tend to do that.

00:40:53.320 They hide the true cost of electricity.

00:40:55.700 So the administration will need to step forward.

00:40:57.820 Biden throwing gold bricks over the side of the ship, as one of his chief officials mentioned,

00:41:03.760 to try to spend out all of this IRA money that he created, his so-called Inflation Reduction Act, by handing PG&E $15 billion to further hide the true cost of electricity in California.

00:41:17.020 That's not legal pursuant to the Federal Power Act.

00:41:19.920 We've got to eliminate these incentives.

00:41:21.360 We have to work hard to jawbone states to get off of this trough of wind, solar, and battery storage.

00:41:29.720 Florida, Georgia, Virginia, not just California and Texas.

00:41:34.040 But we've got numerous, numerous red states who have adopted heavy, heavy North Dakota, South Dakota included reliance on wind, solar, and battery storage incentives to produce energy costs that are six to 11 times higher.

00:41:52.140 Because we're incentivizing activities that, at their core, are far, far more expensive in capex costs than basic combined cycle natural gas, fire, and electricity.

00:42:02.960 So we're going to have to take some draconian steps to get states on board with ending their reliance on energy sources that violate the monopoly status of utilities.

00:42:14.140 Utilities have monopoly statuses in many cases in exchange for offering abundant, low-cost, reliable electricity to consumers in states.

00:42:24.960 They are now acknowledgedly not doing this.

00:42:28.440 They're offering shortages of power.

00:42:30.480 They're offering far higher costs, up 34% in the last four years, electricity.

00:42:34.620 So they're basically in violation of the benefit of the bargain that won them, such as FP&L here, Duke Energy in the Carolinas, won them monopoly territories.

00:42:45.520 They violated their end of the bargain.

00:42:47.940 That status should be challenged, their status to be regulated monopolies, given that they're not keeping their side of the bargain on abundant and low-cost electricity.

00:42:59.440 They ought to be challenged with the competition arriving in those states where you've got regulated monopolies, granted, where the monopolist operator is not holding their benefit of the bargain, which is supplying quantities of electricity at low cost.

00:43:16.380 Since this has to dovetail with President Trump's tax plan, the tariff plan, the trade plan, the deportation plan to get excess labor out of here, that's dropping wages for the working class and some of the middle class.

00:43:33.920 Because this energy plan, what I call the energy reboot, if he starts – they're thinking it through now, and hopefully you're part of the team eventually, that they pull the trigger on the 20th of January.

00:43:46.800 How long before this kind of kicks in?

00:43:48.620 Because the taxes and everything else, they take a while to actually – some of the deregulation can happen.

00:43:53.540 You feel the impact immediately.

00:43:54.960 But if you did it starting in January, how long would it take to get done and how long before it starts to kick in?

00:44:01.460 Well, we need to try the obvious, a legislative initiative to roll back the incentives on wind, solar, and battery storage.

00:44:09.560 But with a four- to five-seat majority in the House, I'm not thinking that's practically possible to happen.

00:44:15.160 So one has to go to the more draconian steps of the reviewing the monopoly status of utilities who are devoted to energy resources now that are very limited in quantity, high intermittency, and low in reliability, and low in abundance, and challenge their monopoly status.

00:44:33.760 And B, of course, now through the EPA, we can dismantle the regulatory status of the endangerment finding on CO2 made by the Obama administration can be re-reviewed.

00:44:45.740 And all the steps Biden has promulgated for abandoning gas-fired power through using carbon capture, converting fuel to hydrogen, can be dismantled immediately.

00:44:56.200 Those can be dismantled immediately within the EPA.

00:44:59.580 The tax incentives are a harder thing without Congress.

00:45:04.700 Therefore, you go to looking at the monopoly status of utilities who are not serving their ratepayers adequately.

00:45:11.020 And you go to the illegality of the federal government stepping in to subsidize rates when the Federal Power Act delegates that authority to states, not the country.

00:45:21.140 This is going to—this is going to—and this is about not just states' rights, but federalism, all of that, and it gets cheaper, just like education.

00:45:28.980 You need to be down on the deck plates.

00:45:30.620 But this is the reason the CR is going to have not many Republican votes, because as Ralph Norman said, hey, Doge and what Elon want to do, the CR works against it.

00:45:41.300 This is exactly on the energy.

00:45:42.980 The energy dovetails of what Doge wants to do.

00:45:45.900 You have to get it, put it in, and then get it into the appropriations process.

00:45:49.920 My point, they all have to merge together if you want to undo what Biden's done and just to build up layer after layer of the administrative state.

00:45:59.440 And you need the Dave Walsh hammers in there to do it.

00:46:02.200 Dave, I've got to bounce.

00:46:03.580 Amazing, called shot.

00:46:05.760 All these governments are falling.

00:46:07.220 And the underlying predicate of the financial crisis underlies an economic crisis.

00:46:13.400 And the economic crisis that they've abandoned as industrial—advanced industrial societies, as Dave Walsh said, you can't get away from plentiful, reliable, cheap energy, full stop.

00:46:26.040 That is the physics—the physics of a modern economy deals with that.

00:46:30.220 Dave Walsh, where do people go to get you what we can get you?

00:46:33.120 Thank you, Stephen.

00:46:34.360 And this is showing up in England, the U.K., Germany, and Canada in massive government overspending that can't be controlled.

00:46:40.820 Find me on Twitter, ProSocialXRider, and getter at Dave Walsh Energy.

00:46:45.180 Thank you, Steve.

00:46:47.540 There's no coincidences.

00:46:52.620 Brother Ben Harnwell, some closing thoughts and observations, sir, before we let you go tonight.

00:46:57.160 Yeah, looking—staying with the theme of the countries around the world that are being turfed out, every single one of them was in on the Ukraine hoax, and in on that hoax big time. 0.87

00:47:12.680 That is definitely one of the lines that joins that phenomenon.

00:47:21.380 And, of course, it's the point that the mainstream media is putting all the shiny things in the way possible to stop people from associating those connections, first point.

00:47:31.780 Second point is that when you're looking at these countries, the regime, the regimes, the regime is all the same, really, country to country.

00:47:42.880 It's lost the cultural battle.

00:47:45.600 It's lost the media's grip over the people.

00:47:48.620 So, the one line of defense that they have left to keep their grip on power is the courts, the superior courts, specifically, overturning election results and what have you.

00:48:04.420 That is definitely something to watch out, you know.

00:48:06.800 And the press, again, doesn't draw the line.

00:48:10.520 When you see it, folks, when you're reading the newspapers, watching cable, every time you hear a reference to an intervention to protect democracy from a constitutional court or a Supreme Court, look into this because that's their last line of defense.

00:48:24.620 And, of course, because judges are unaccountable, they can be easily manipulated by the people who put them there.

00:48:30.360 Third and final point, Steve, you mentioned Nigel Farage telling you about the plight of old people living alone in their council flats, those tiny little damp properties. 1.00

00:48:42.800 They don't even have the money to put one bar on their electric heater.

00:48:46.520 I want to pick up on what you said.

00:48:48.100 It's not that there is no money because the UK is a very rich country.

00:48:52.380 It's how the regime distributes money and spends its money.

00:48:57.000 They have plenty of money for Ukraine, nothing for old ladies. 1.00

00:49:00.560 It's exactly the same as you said a couple of weeks ago on the show when they highlighted veterans as the reason the U.S. can't balance the books.

00:49:10.960 We say on this show all the time, we bring industry onto the show all the time.

00:49:16.360 We say, stop buying products from people who hate you.

00:49:20.440 Stop electing people who hate you.

00:49:23.100 That's what I would say to the UK.

00:49:24.300 Stop electing people who have contempt for you and hate you.

00:49:28.780 They will send your tax money to Ukraine, and they will let old people freeze to death. 1.00

00:49:34.660 Yeah.

00:49:35.680 Those are just not any old people.

00:49:38.040 Many of them are the sons and daughters of those that were at Sword and Gold Beach in Juneau Beach on Normandy.

00:49:47.620 The children of the soldiers, the British soldiers that fought back the Germans on D-Day.

00:49:55.780 Thank you, brother.

00:49:56.440 Appreciate you.

00:49:57.940 Thanks, Steve.

00:49:58.420 Ben Hornwell.

00:49:59.340 Get him over at Getter.

00:50:00.840 Putting up stuff all the time.

00:50:02.940 Jim Rico is on today.

00:50:04.460 Birch Gold, excuse me, BirchGold.com.

00:50:07.440 You got to get my End of the Dollar Empire.

00:50:10.160 The new installment, Modern Monetary Theory, An Idea That Broke the World.

00:50:15.460 You'll understand that when you read it.

00:50:16.920 Don't miss it.

00:50:18.080 Paradigm Press.

00:50:19.040 You got Jim Rickards joining us this morning.

00:50:20.840 Go to RickardsWarRoom.com.

00:50:22.740 You get access to all his newsletters plus his writings.

00:50:26.580 He's quite extraordinary.

00:50:28.660 Amazing show today.

00:50:31.180 Catch us out at AmFest.

00:50:32.340 We're going to be out there Thursday through Saturday here on Real America's Voice.

00:50:35.980 We're going to be live, but we want to see you live.

00:50:38.560 AmFest.com slash war room.

00:50:41.700 Put war room in.

00:50:42.380 You get a 25% discount.

00:50:44.380 Think about that on a General Mission ticket.

00:50:48.080 General Mission gets you into the war room live audience.

00:50:51.680 So go check it out.

00:50:53.120 We're going to leave you now.

00:50:55.200 We're going to leave you now with St. John the Evangelist on lyrics.

00:51:01.460 Book of Revelation.

00:51:02.280 It's taken from Johnny Cash's The Music and a modern rendition of When the Man Comes Around.

00:51:10.540 We'll see you tomorrow morning at 10 a.m. Eastern Standard Time.

00:51:15.160 We'll be back in the world. 0.57

00:51:16.160 Whoever is filthy, let him be filthy still. 0.77

00:51:22.120 Listen to the words written down. 0.92

00:51:26.600 When the man comes around.

00:51:30.720 Hear the trumpets, hear the pipers.

00:51:34.900 100 million angels sing in.

00:51:39.520 Multitudes are marching to the big hill of the road.

00:51:43.300 Voices callin', and voices cryin'.

00:51:49.260 So is it song, and some have died.

00:51:53.720 Salfa and Omega's kingdom come.

00:51:57.400 And the whirlwind is in the thorn tree.

00:52:00.840 The virgins all are trimming their wits.

00:52:06.000 The whirlwind is in the thorn tree.

00:52:10.640 It's hard for thee to kick against the pricks.

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Bannon's War Room - December 18, 2024

WarRoom Battleground EP 674： Trump's Energy Policies Vs. Failing Bidenomics

Episode Stats

Summary

Transcript