Bannon's War Room - WarRoom Battleground EP 675： 80th Anniversary Of The Battle Of The Bulge

00:00:00.000 Music

00:00:25.000 During the bulge, command broke down, supplies broke down, morale broke down, communications

00:00:51.880 broke down, everything broke down, it was every man for himself. 0.85

00:00:58.200 We were inadequately clothed, we didn't have rubber-over shoes, we didn't have overcoats,

00:01:03.720 we didn't have gloves, we didn't have scarves.

00:01:07.400 My boots were so bad, I would strip newspapers and drapery off of these bombed-out houses

00:01:14.740 and wrap my feet in it.

00:01:17.600 And you were having trouble breathing because the snow was suffocating you, and consequently

00:01:22.420 we lost a lot of men who froze to death.

00:01:24.600 This is what you're fighting for.

00:01:43.420 I mean, every day you're out there, what they're doing is blowing people off.

00:01:48.240 If you continue to look the other way and shut up, then the oppressors, the authoritarians

00:01:54.800 get total control and total power.

00:01:58.160 Because this is just like in Arizona, this is just like in Georgia, it's another element 0.83

00:02:02.320 that backs them into a quarter and shows their lies and misrepresentations.

00:02:05.060 That's why this audience is going to have to get engaged, as we've told you, this is the

00:02:09.060 fight.

00:02:10.060 All this nonsense, all this spin, they can't handle the truth.

00:02:13.880 War Room.

00:02:14.880 Battleground.

00:02:15.880 Here's your host, Stephen K. Bannon.

00:02:18.880 Okay.

00:02:19.880 Thank you for hanging with us, obviously a very eventful first hour for the second on the late

00:02:25.040 afternoon, early evening show on Wednesday, 18 December, year of early 2024.

00:02:29.880 A couple of things I've got to get to, we're going to get back to Dave Bratzko and join me

00:02:33.520 at the bottom of the hour for continuing coverage of all this fiasco on the finance side, and

00:02:38.980 we'll see yours, all of it.

00:02:42.340 So Patrick K. O'Donnell, normally we do this on Christmas Day when we talk about the combat

00:02:49.720 history of Christmas.

00:02:50.880 One of the battles we talk about is Battle of the Bulge, but since it is the 80th commemoration

00:02:55.960 of it, started, I guess, on Monday, I wanted to get everybody up to date, had Senator Tuberville

00:03:00.920 on this morning, who's one of the reasons I wanted to have him over, his father fought

00:03:04.760 at the Battle of the Bulge.

00:03:07.780 Talk to us about this, because I think today, more than ever, we're seeing pure cowardice

00:03:12.700 on Capitol Hill by many people, especially leaders.

00:03:16.500 What was the Battle of the Bulge, and why is it so important for us to commemorate this,

00:03:20.480 sir?

00:03:21.840 Steve, this is one of our greatest battles in American history.

00:03:25.460 It was a surprise attack that shouldn't have been a surprise attack.

00:03:31.620 It was a massive intelligence failure that occurred, where it was kind of almost a second

00:03:37.940 Pearl Harbor.

00:03:39.760 The United States, the OSS, for instance, had men that were in that army group, but they

00:03:46.680 were taken out because of political reasons.

00:03:49.060 So they were basically blind, and the Germans hit a sector of the line that was kind of,

00:03:56.520 quote, a quiet front, and there were a number of divisions, American divisions, that were

00:04:00.420 resting and rehabilitating there, and it's here that Hitler launches his last great counteroffensive 0.86

00:04:06.860 of World War II, and they assemble, at the beginning, about over half a million men, thousands

00:04:13.560 of tanks and, you know, armed personnel carriers and planes and artillery pieces, and they hit

00:04:20.280 the American line on December 16th in the morning hours.

00:04:25.560 There's a mist that occurs then, and the tanks start to roll.

00:04:30.220 I interviewed, I've interviewed thousands of World War II veterans, and some of my favorite

00:04:35.600 interviews were with the men of the Battle of the Bulge.

00:04:37.480 It was the Airborne, in particular, that I focused on, as well as the Rangers, and the

00:04:45.260 Airborne was, the 18th Airborne Corps was the only strategic reserve that the Allies had

00:04:51.760 at the time, and this consisted of the 82nd Airborne, 101st and 17th Airborne, but within

00:04:58.540 that group were a lot of independent units, and many of the men that I interviewed were with

00:05:03.400 those independent units.

00:05:04.300 This medallion that I'm wearing around my neck was worn by a member of the 509 Parachute 0.97

00:05:10.500 Infantry Battalion.

00:05:11.880 They went in with about 850 men, and they met head-on the SS, an SS division, Panzer Grenadier

00:05:20.600 Division, and they stopped it at a place called SADSO.

00:05:23.900 That unit went in with 850 men, and by the time it was done at the Battle of the Bulge, there

00:05:29.880 were 55 men walking.

00:05:31.220 That's how severe the combat was.

00:05:36.480 They were going up against the best of the German army at the time, the Waffen-SS.

00:05:41.700 They had some of the best weapons, best equipment, but they were also battling the winner.

00:05:47.680 Steve, this was the coldest winner on record at this time in Europe.

00:05:52.520 Let me – the surprise, what Hitler – because the Russian army, people have the strategic 0.69

00:06:06.420 context.

00:06:07.840 The Red Army is virtually unstoppable, and the Germans are fighting rearguard actions, but 0.52

00:06:14.080 they get the fact that this thing could be over, that the Red Army is going to get to

00:06:20.060 Berlin.

00:06:20.680 This was a roll of the dice by Hitler to try to break through the Allied lines because 0.82

00:06:26.820 the Allies have been on kind of a roll since Patton took over the breakout in Normandy in

00:06:31.980 the hedgerows back in basically July and August.

00:06:34.760 This was a roll of the dice for Hitler to try to get to Antwerp, but to give such a hammer 0.88

00:06:40.440 blow to the Allies and create so many casualties prior to Christmas that they might do a negotiated 0.92

00:06:46.560 deal.

00:06:47.760 And then he could turn and really focus on the Russians.

00:06:52.100 So this was a huge risk for him, was it not?

00:06:55.680 It was.

00:06:56.040 This was a roll of the dice.

00:06:58.080 They took some of the best units, the Waffen-SS, off the Russian front and moved them to the 0.99

00:07:04.520 west.

00:07:05.900 And they wisely recognized that signal communication was essential.

00:07:12.940 So they kept all their wireless communication secret.

00:07:16.760 They didn't – they used, you know, messengers and such.

00:07:19.960 They suspected that their codes were broken potentially.

00:07:23.500 So they really maintained a level of secrecy that was extraordinary.

00:07:28.280 And they built up a massive force in this quiet sector.

00:07:34.040 The – you know, for me, the book – the battle begins actually a few days before the 16th

00:07:39.520 when the 2nd Ranger Battalion was in the Hurkin Forest.

00:07:46.020 And their objective was a place called Hill 400.

00:07:48.660 And Hill 400 was important because it was the highest hill in the forest.

00:07:52.580 But it also overlooked the assembly areas.

00:07:56.300 And I wrote Dog Company, which is one of the last – it's a book on the 2nd Ranger Battalion,

00:08:03.360 specifically Dog Company.

00:08:05.040 Dog Company and several other companies actually launch a bayonet attack on the hill on the

00:08:11.680 morning of the 6th and 7th.

00:08:13.800 And it's an extraordinary story.

00:08:15.560 They seize the hill after this bayonet attack.

00:08:20.020 And then the Germans throw everything that they can against it, 15 battalions of artillery

00:08:25.160 and several assault guns, multiple companies, parachutists, anything that they can to dislodge

00:08:33.220 the rangers on the top of the hill because they realize that the hill overlooks the assembly

00:08:38.400 areas.

00:08:38.760 And it might blow the greatest secret of World War II at the time.

00:08:42.580 They don't dislodge the rangers.

00:08:44.220 They hold the ground for three days miraculously.

00:08:48.620 But like many things in war, there's an intelligence failure.

00:08:53.700 The proper intelligence doesn't get to the right place.

00:08:56.500 And the greatest secret of World War II at that time, the Battle of the Bulge, then kicks

00:09:02.580 off on December 16th.

00:09:06.180 Well, this is – talking about holding ground, I mean, we'll get to it later because we're

00:09:10.260 going to do kind of day-by-day coverage of this.

00:09:12.920 But at Bastogne, I mean, this is why the legend of Patton is just not North Africa or Sicily.

00:09:18.720 And it's just not blown across France.

00:09:21.460 But it's really the relief of Bastogne and the 101st Airborne that I think if you had

00:09:26.900 to rate a rank – in rank order, Patton's heroism and where he became a mythical figure

00:09:33.960 to the American people.

00:09:35.380 Because like I said, people were trained to hit the beach.

00:09:40.320 But people are upfront about the training of troops and combined arms was not the best.

00:09:44.580 This is why we got so chewed up in the breakout across – out of Normandy and across France.

00:09:52.320 If he hadn't come, we were getting chewed up because the troops were not particularly

00:09:56.360 well-trained.

00:09:57.340 In the Battle of the Bulge, if memory serves it correctly, I think there's two regiments,

00:10:03.180 kind of infamous regiments that virtually surrendered without almost not fighting.

00:10:09.320 And one of the reasons was the junior officers, the field commanders, junior officers, and

00:10:14.260 the troops, they just weren't trained that well, right?

00:10:17.560 This late in the war, they just didn't have time because you're throwing them into the

00:10:20.280 charnel house because everything was – you got to get to Berlin.

00:10:25.200 And that's why – you talk about holding the ground second rangers, the 101st Airborne.

00:10:30.420 These people were surrounded by crack German troops and are holding out for dear life where

00:10:36.740 Hitler's trying to draw as many casualties as possible to break the will of the American 0.87

00:10:42.920 people.

00:10:44.100 Patrick?

00:10:45.420 One of the great – I mean, one of the great stories is how the 81st – the 82nd and the

00:10:52.360 101st are at a moment's notice.

00:10:56.440 Literally, they were on leave in and around Paris and that area.

00:11:00.940 And they round up their men and then they put them on open trucks, any kind of truck that

00:11:07.640 they can find, and then they race to the bulge.

00:11:12.740 And this is really an epic story.

00:11:15.680 Many of the men don't even have all their weapons or all their ammunition.

00:11:19.500 They just – they load up on the back of these trucks and they race to Bastogne first.

00:11:25.320 But the real critical area is up north, the northern shoulder, so to speak.

00:11:32.080 And it's here that the SS under Joachim Piper and his task force are trying to break through.

00:11:38.920 They have some of the best weapons in the German army and the SS.

00:11:43.120 And they're punching through.

00:11:44.980 And it's the 82nd.

00:11:46.000 And specifically, even these independent units that I mentioned, like the 509, the 517, and

00:11:52.200 the 551st that race up there and are the critical men that stem the flow of the SS.

00:11:59.580 And they're positioned in small villages and hamlets in and around places like Sadzo and

00:12:06.900 Valsim and others.

00:12:08.820 And they hold the line.

00:12:10.600 It's an epic story.

00:12:11.540 These are light infantry guys that have bazookas, grenades, thermite grenades, little things

00:12:18.600 like that.

00:12:19.200 But they're still holding out against superior arms of the Waffen-SS.

00:12:25.240 And they're stopping them with their grit and valor.

00:12:31.440 And I also interviewed – some of my best interviews are with the men of the Waffen-SS. 0.51

00:12:36.440 And, you know, I try to always interview both sides.

00:12:41.940 And that was an extraordinary story, too, where they – I'll never forget the one interview

00:12:48.900 I had with a guy who was in the 9th SS.

00:12:52.460 He just talked about how, you know, they had been sort of defeated for the last several

00:12:57.980 weeks, several months after Normandy.

00:13:00.360 And he had fought on the Eastern Front as well.

00:13:03.740 But he talked about how they had the super weapons.

00:13:07.940 You know, I mean, he had – he was rolling by a Tiger II tank.

00:13:12.300 And he remembers looking up into the sky and seeing an ME-262 German jet.

00:13:17.980 And he just looked at me.

00:13:19.340 And the expression on this guy's face was, yeah, we were back.

00:13:23.040 And that's how they felt.

00:13:24.360 I mean, they had this – this Elan, this esprit de corps.

00:13:29.560 I mean, these are really tough guys on both sides.

00:13:33.080 Tough, tough tough.

00:13:34.360 We're going to go through this in the days ahead.

00:13:36.460 Of course, we're going to do the Combat History at Christmas.

00:13:38.680 Patrick O'Donnell, how did they get to all your writings?

00:13:41.180 You're our best combat historian.

00:13:43.020 Particularly, you take it down to the small unit level.

00:13:46.160 And I want people to get access to Dog Company.

00:13:48.560 So where do they go?

00:13:49.100 Dog Company and another book, Beyond Valor.

00:13:54.880 Steve, thank you for that compliment.

00:13:56.580 And it's always an honor to be on the war room.

00:13:59.320 Best place to go is as ad combat historian on Getter or on X or my website, PatrickKO'Donnell.com.

00:14:07.560 And the book is a bestseller.

00:14:09.360 The latest book, The Unvanquished, is the front of the store at Barnes & Noble nationwide.

00:14:14.840 In fact, I've signed many of the books in many of the stores around the country.

00:14:18.180 You're able to get a signed book for Christmas presents.

00:14:21.680 Always a good thing.

00:14:22.440 The Unvanquished.

00:14:24.900 And where do they go?

00:14:26.180 What's your site?

00:14:26.900 Where do they go again?

00:14:29.060 Just Amazon.com or Barnes & Noble.com for The Unvanquished and Beyond Valor or Dog Company are the books that revolve around the ball.

00:14:37.660 I think we're now three or four.

00:14:38.620 I think you're three or four mega hits in a row.

00:14:42.260 The Warren Posse can't get enough of you.

00:14:43.800 The Posse has been just tremendously amazing.

00:14:48.520 And I'm very grateful to them and to you as well, Steve.

00:14:51.940 They love history.

00:14:53.020 They love history.

00:14:54.140 They're patriots.

00:14:54.960 So it's a natural fit.

00:14:56.080 Patrick, love you, brother.

00:14:57.780 See you Christmas Day.

00:14:58.520 Love you, too.

00:14:59.780 Thank you.

00:15:00.380 The Combat History of Christmas.

00:15:02.440 We do it every year.

00:15:03.480 I think Patrick and I have done it now.

00:15:05.520 I don't know, 12 years or longer did it at Brightport Radio.

00:15:08.940 Taze Gill joins us.

00:15:09.900 Taze, you've been in some cold, tough places before.

00:15:13.100 Some hot, tough places, too.

00:15:15.260 But coming out of the military, coming out of your service as a Navy SEAL, you said, hey, I want to make a coffee as good as the equipment that we fight with.

00:15:23.760 That's Warpath.

00:15:24.780 And, brother, I got to tell you, I don't have a lot of time to catch up with you all the time.

00:15:28.440 But, man, I go around the country, people say, Steve, that Warpath coffee is the best coffee I've ever had.

00:15:35.120 And I said, hey, just go to the site's 6,000 five-star reviews.

00:15:39.480 Taze Gill, what do you got for us, brother?

00:15:42.800 Yeah, we're doing a Christmas sale.

00:15:44.300 We got 20% off for the War Room Posse.

00:15:47.000 As usual, use promo code WARROOM.

00:15:49.300 That's for the posse. 0.99

00:15:50.460 And the website's warpath.coffee.

00:15:52.420 Just recently, we dropped these Mrs. Claus Christmas mugs and then a Mr. Claus Christmas mug.

00:16:01.080 And then also we have peppermint mocha up on the site.

00:16:04.600 That's a new blend.

00:16:05.520 We've never done that before.

00:16:06.600 We just dropped that.

00:16:07.720 I think last week it was up on the site.

00:16:09.780 And then we've got the Christmas mugs out.

00:16:12.120 So 20% off for the War Room Posse.

00:16:15.020 And if you haven't tried Warpath coffee yet, you've got to try it.

00:16:19.060 It's the best coffee.

00:16:21.300 I'm not just saying that because we run a company.

00:16:24.280 It's actually an amazing coffee.

00:16:26.120 People love it.

00:16:27.800 Just check out the reviews on the site and try it.

00:16:30.760 We roast it on a perforated drum.

00:16:33.180 That's how we get it so smooth because we don't burn the beans at all.

00:16:37.920 It's perfectly roasted.

00:16:40.300 And most coffee roasters, they actually burn their beans.

00:16:43.560 We don't, so that's what sets us apart.

00:16:45.780 And it's incredible.

00:16:47.440 Coffee, please try it.

00:16:49.200 Merry Christmas and get a Christmas bug.

00:16:55.260 Brother, we're going to have you on the next couple of days.

00:16:57.080 I want everybody to order this so they can get it by Christmas.

00:16:59.660 We're getting up on Christmas morning with these different gifts you can give from Warpath.

00:17:04.420 One more time, where do they go today to order?

00:17:06.200 I want to make sure everybody can get it and get the big discount.

00:17:09.240 Where do they go, Tej?

00:17:09.920 The website is warpath.coffee and use promo code WARROOM and you'll get 20% off.

00:17:18.640 We're running that sale through Christmas.

00:17:21.440 And like I said, try the mugs, the Christmas bugs.

00:17:25.380 We have a Mr. and Mrs. Claus Christmas mug.

00:17:27.800 And then we have a brand new blend.

00:17:30.120 It's peppermint mocha and that's for Christmas.

00:17:31.820 Thank you, brother.

00:17:35.380 Thank you, Tej.

00:17:36.160 Appreciate you.

00:17:38.420 Warpath Coffee.

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00:17:40.460 But I'm a coffee aficionado and worked a long time with these guys.

00:17:45.360 This stuff is amazing.

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00:17:48.480 Ben Harnwell, I've got to get you up.

00:17:50.460 We've got about nine minutes, maybe about eight.

00:17:52.740 I've got to jump into another sponsor.

00:17:54.880 But very disturbing.

00:17:57.140 You've been on this, and I think we're the only guys to be emphasizing this.

00:18:00.400 But I'm warning people.

00:18:02.220 They're boxing in President Trump right now.

00:18:05.140 This thing in Ukraine.

00:18:06.120 I got into it yesterday with one of the top financial reporters in the world who is a European and just agreed with me on the financial issues facing us.

00:18:17.580 And these countries, the government's being turfed out for finance, totally disagreed on Ukraine and had all these just ridiculous arguments about it.

00:18:26.320 And I said, quite frankly, your arguments, all the ones we heard before the war, and look how many dead they are.

00:18:30.500 And they couldn't answer that.

00:18:31.260 When you get up in their face about the casualties and what's happened to the country and where we are negotiating-wise, they shut up.

00:18:38.000 But, Ben, you've nailed this.

00:18:40.700 You're getting down to the receipts and these discussions are going on.

00:18:45.000 It's about an American security guarantee.

00:18:46.960 Tell me what you're reading, how you're seeing that, and what does that mean to the people that are talking about it?

00:18:54.300 Good evening, Steve.

00:18:55.380 Let me start off with an article today from Reuters, one of the three great press agencies whose articles you'll read carried in any major newspaper around the world.

00:19:05.560 This is a point here repeating something that Donald Tusk, the prime minister of Poland, had said a few days ago.

00:19:13.460 But here's the repetition of this point.

00:19:15.440 Very, very interesting and important.

00:19:17.700 I quote directly, Steve.

00:19:19.780 Tusk reiterated that Poland was not considering sending troops into Ukraine in the event of a negotiated peace.

00:19:28.660 But said his country, one of Ukraine's staunchest supporters, would do everything in its power to make Kiev's NATO membership a real possibility.

00:19:40.060 Obviously, if we're talking NATO, folks, if you hear the word NATO, they're talking about the US, basically ponying up either the funds or the troops.

00:19:52.620 But contrast that, Steve.

00:19:54.340 That was Poland's prime minister.

00:19:56.380 Contrast that with what his finance minister, a guy called Andrzej Domanski, said last week.

00:20:05.320 Poland will make joint defence financing a priority during its presidency of the EU, given alarm over matters from the Ukraine war to the return of NATO sceptic Poland, NATO sceptic Donald Trump to the White House.

00:20:23.700 Now, what he's saying there, the Polish finance minister, is that he wants to pull the responsibility here of defending Ukraine in addition to NATO, but also to the EU.

00:20:37.680 So, on the one hand, you have Poland saying, look, Poland's going to take over the presidency, the rotating presidency of the European Council on January the 1st.

00:20:50.000 He's saying, Poland's saying, is that one of their strategic objectives is joint EU defence funding.

00:20:57.340 And then, what does Donald Tusk, the prime minister, admit?

00:21:01.260 We're not actually think, actually, we're ruling it out.

00:21:03.800 We're not going to send Polish troops ourselves.

00:21:05.680 That is the joke, Steve, that the Eastern European countries are doing. 1.00

00:21:13.260 And it is amazing to me, as a person living here in Europe, but obviously a great friend and admirer of America,

00:21:20.760 it's amazing to me that America's leadership over not just the last four years, but over decades,

00:21:27.020 has encouraged and indulged the Eastern European countries to see America as their defence mail ticket.

00:21:35.680 The European leaders, including Zelensky, are only doing exactly what America has trained them to do over many decades.

00:21:42.900 And here, when they say, oh, look, this is really a job for NATO, we don't want to send in our own troops,

00:21:49.060 they're saying quite explicitly, let the Americans pay. 0.99

00:21:52.260 They're rich, they're dumb, they'll come in, they'll pick it up. 1.00

00:21:55.580 They'll pick up the tab. 1.00

00:21:56.500 We don't have to.

00:21:57.500 We, for our part, will conduct an ever more escalatory and ever more incendiary policy towards their number one threat,

00:22:07.540 which is Russia, knowing that America will come in and stand as the ultimate security guarantee by NATO.

00:22:15.800 It's absolutely appalling.

00:22:16.740 I have more to say on that, but I know time is short, so I just want to come back here to this point here,

00:22:24.280 which I'm going to mention this every day now that I come on the show.

00:22:27.500 So important.

00:22:28.520 This is the article from Foreign Policy magazine yesterday.

00:22:32.860 Again, it's not Gateway Pundit, it's not National Pulse, it's not Human Events.

00:22:37.600 This is the most, along with Foreign Affairs magazine, these are the two most sedate news organisations

00:22:44.560 within the international rules-based order community.

00:22:48.560 Reading these magazines, Steve, you're listening in to how these international policy ronks are talking amongst themselves.

00:22:56.720 This is their article yesterday.

00:22:58.900 European countries would agree to send their troops only if they had, and I quote,

00:23:05.440 an ironclad guarantee from Washington that the United States would intervene if they were attacked.

00:23:13.020 So the debate is shifting in terms of security guarantees to Europe.

00:23:17.960 What's actually happening behind the scenes is that it's America who's going to underwrite Europe's underwriting of Ukraine.

00:23:25.220 Always America there, always America in the background.

00:23:28.000 American troops, American money are expected to come up and save the day.

00:23:33.080 And there's no disengagement here.

00:23:35.520 There's no decoupling.

00:23:36.720 You're ever more being bound in.

00:23:38.500 What I would like to see from the House of Representatives on this occasion, with this article in mind, Steve,

00:23:44.080 are questions in the House, right?

00:23:46.260 First act for President Trump on January the 20th.

00:23:50.200 Let me suggest, is to order the State Department to reveal to him exactly what these ironclad guarantees have been.

00:23:59.980 Because I think President Trump should start saying now that from January the 20th, European countries should take note,

00:24:06.560 from January the 20th, any ironclad guarantees that have been offered are null and void.

00:24:13.440 America will not be committing a single dollar or a single troop to underwrite Ukraine's security, territorial integrity.

00:24:24.420 Plus, when it comes to the reconstruction of Ukraine, America will not commit a single dollar.

00:24:30.320 These things cannot be repeated more too often, Steve.

00:24:33.780 They cannot be repeated too often.

00:24:35.400 Unbelievable.

00:24:36.700 1,000%.

00:24:37.960 Ben, social media, where do people get you?

00:24:41.140 Thanks, Steve.

00:24:41.720 Get up at Harnwell.

00:24:43.700 That's my social media platform of choice.

00:24:45.740 Folks, I've got some brilliant posts at the top of my feed waiting for your consideration as we speak.

00:24:52.960 Thank you, brother.

00:24:53.900 Appreciate you.

00:24:55.300 Thanks, Steve.

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00:25:51.220 Government Gangster is the great film that we made on Cash Patel.

00:25:56.360 You heard Senator Tuberville today.

00:25:57.920 Cash walks you through exactly what a Government Gangster is and what he's going to do about it.

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00:26:28.020 Short commercial break.

00:26:29.040 Dave Bratt is going to take it in from here as I head to a plane.

00:26:33.540 Go on, raise the flag.

00:26:37.860 I want to warn you of a huge change that could be coming to our money and our bank accounts.

00:27:05.000 First, think back to 9-11, shortly after the government pushed through the Patriot Act.

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00:27:18.200 Now, Jim Rickards, editor of the independent financial newsletter Strategic Intelligence and New York Times bestselling author,

00:27:25.300 is warning about a coming event that could elevate this governmental surveillance to a terrifying new level.

00:27:31.040 In fact, some of the guests I've had on the Warroom believe that the government will soon expand their powers to track our every move.

00:27:38.960 If we say the wrong things on social media, donate to the wrong causes, buy firearms, or even vote MAGA,

00:27:45.860 the government may be able to shut us out of our bank accounts.

00:27:49.840 I can't say for sure if this will happen, but it's an interesting and dire warning.

00:27:55.260 Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming

00:28:02.100 and how to protect yourself from the possibility of programmable money.

00:28:07.900 Watch Jim's warning video now before it's censored like I've been in the past.

00:28:13.460 Go to RickardsWarRoom.com.

00:28:15.480 That's RickardsWarRoom.com now to see the video.

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00:31:01.120 Call 1-800-958-1000 or visit TNUSA.com slash Bannon.

00:31:11.240 TNUSA.com slash Bannon.

00:31:13.660 All this nonsense, all this spin, they can't handle the truth.

00:31:17.960 War Room Battleground with Stephen K. Bannon.

00:31:24.120 All right, everyone, welcome to the War Room.

00:31:26.140 Dave Bratt sitting in for the great Stephen K. Bannon.

00:31:29.600 An honor to sit in.

00:31:31.020 What a day.

00:31:32.040 I'm going to try to bring you up to speed on all the breaking news with respect to the CR, the continuing resolution.

00:31:39.060 Usually the War Room is against all of these things.

00:31:42.860 But as Stephen K. Bannon has said over the course of the past few days, we were willing to take that on the condition that it was sane.

00:31:51.480 And that it would bring us kind of just a clean bill to bring President Trump and his agenda into play in 90 days or about, you know, 60 days after President Trump takes office.

00:32:03.000 But to bring you up to speed, President Trump just weighed in with the vice president after Elon Musk also weighed in earlier today and sent Trumpers through Washington, D.C.

00:32:15.720 I think when Elon and Vivek both sent the memo, that was probably close to ending it.

00:32:23.880 But then the president, the vice president weighed in and just said, it's time for the Republicans to lead and to grow a spine.

00:32:31.320 And so we've been going over this forever, right?

00:32:33.140 I had a win over Eric Cantor.

00:32:35.700 Then we had Speaker Boehner.

00:32:37.200 Then we had Speaker Paul Ryan.

00:32:39.240 And then we had McCarthy as Speaker.

00:32:42.200 And all of them, it all had to do with a failure to listen to the American citizens, right?

00:32:49.820 Make America great and America first and American citizens first is what we always try to emphasize.

00:32:57.440 These leaders did not pay attention to the voice of the American people.

00:33:02.940 And so right now, the American people are crying out pretty loudly after the Trump win across the board.

00:33:09.660 This country wanted to see some good news, spending going down instead of went way up.

00:33:15.280 I'm going to have Richard Stern in a minute to cover some of this.

00:33:18.040 I'm going to go over some charts.

00:33:18.820 But I first wanted to read you a few notes that capture the news of the day pretty well from a few friends of mine, Thomas Massey and Dan Horowitz.

00:33:30.780 This one from Dan Horowitz, who's been great on the budget for 10 years going way back.

00:33:36.380 Now, and just so you know, right, this is a continuation of the Nancy Pelosi budget bill, right?

00:33:43.360 It basically continues the $7 trillion woke and weaponized budget that we all had heartburn over and then extends it with even more Democrat giveaways, 10 to 1, right?

00:33:55.900 10 Democrat giveaways to one Republican ask, and our asks are minor.

00:34:00.300 So here's Daniel Horowitz.

00:34:02.220 Just keep in mind that every single budget bill proposed under GOP House control since 2017 has been passed with a greater percentage of Democrat votes, often with unanimous or near unanimous Democrat votes.

00:34:18.980 So what happens is that many bad Republicans can quietly hope yes and vote no because the Democrats take care of the business.

00:34:27.700 That, in a nutshell, that, in a nutshell, is what's going on, right?

00:34:31.380 That's a lot to take in.

00:34:32.500 Let me just read you the first sentence.

00:34:33.600 Just every single budget bill proposed under GOP Republican House control since 2017.

00:34:41.660 I was in back then.

00:34:42.880 I was 2014 to 18.

00:34:44.620 I was not happy with the budget.

00:34:46.460 And I ran on this.

00:34:47.720 And a lot of this, you know, you can blame the politicians to a point.

00:34:50.720 But after a decade, the American people, some of the fault lies the American people need to start voting straight, right?

00:34:58.520 When you have endless wars and a border invasion and inflation and then this horrendous debt that threatens our very existence economically going forward, it's on us.

00:35:09.580 So we need to spread the war room, spread the word.

00:35:12.140 Next, any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in two years.

00:35:21.120 Elon Musk, a close Trump ally who is leading an advisory commission to cut government spending, posted on X, the social media platform he owns.

00:35:30.980 Have you ever seen a bigger piece of pork?

00:35:34.000 Vivek Ramaswamy weighed in equally strongly.

00:35:38.040 Donald Trump Jr. seized on a provision highlighted by Trump cheerleader, Benny Johnson, that would, and this is, you know, written by the, you know, lamestream medium, would purportedly allow offices, congressional offices to block the disclosure of House data.

00:35:55.820 That means House congressional data, something Johnson tied to potential probes of the panel that investigated the January 6th attack on the Capitol.

00:36:05.940 So Donald Trump Jr., spot on, blocking the disclosure of House congressional data tied to probes of the panel that investigated the January, I'm sure you've all followed the Cheney news breaking yesterday and today.

00:36:24.920 They want to block and hold themselves up to non-transparency after running on a pro-democracy panel.

00:36:32.380 I won't touch Ukraine right now.

00:36:34.500 That'll take us too long.

00:36:36.140 House Republican leaders also weighed in on several other issues defending the bill, and especially the farmers.

00:36:43.280 And the small farmers, we all got a heart for that.

00:36:45.700 But they linked the farmer piece to national security.

00:36:50.860 And if it really is, if there really is a link between the farm aid and national security, well, then that deserves a government shutdown.

00:36:58.820 Right?

00:36:58.980 Let's have that debate.

00:36:59.920 Hey, if you're really going to invoke that argument, that national security is linked to the farm aid, hey, if that's true, let's shut her down and have that debate.

00:37:09.580 And the American people will certainly side with us.

00:37:11.760 Border security.

00:37:12.600 Johnson could easily have tied HR2 in with the other foreign aid bills.

00:37:17.060 Why not?

00:37:19.360 Dan Horowitz, another quote.

00:37:20.480 Yeah.

00:37:20.660 $4.7 trillion in debt over 18 months without a major war or official recession.

00:37:29.420 No way that could lead to inflation.

00:37:32.540 Exclamation point.

00:37:33.600 Sarcasm, Dan Horowitz.

00:37:35.720 I completely agree.

00:37:37.780 Denver, why don't you haul up the chart?

00:37:39.540 This is the chart Steve Bannon has been drawing all of his calculations on, right?

00:37:45.120 If this spending level continues, right, what this is showing, you know, the receipts by sorts on the left side, you know, the money we take in, the individual income taxes up at the top.

00:37:55.720 Then social insurance, corporate income tax, excise taxes, et cetera.

00:38:00.400 And then the outlays by function are on the right-hand side.

00:38:03.660 Of course, the outlays are much bigger than the taxes coming in.

00:38:07.140 Social Security, Medicare, national defense.

00:38:10.280 Steve's been covering the NDAA a trillion bucks in order to Trumpify the budget, to keep Trump from making any inroads, keep Doge, Elon, and Vivek from making any inroads on efficiency.

00:38:24.980 With the Department of Defense, Steve always says, we're for a strong national defense.

00:38:30.040 China has declared war against us.

00:38:33.020 We're currently launching missiles into Russia.

00:38:37.060 We're all in favor of strong national defense.

00:38:39.240 But the inefficiencies when we're throwing gazillion-dollar bombs after drones, everybody knows.

00:38:46.060 So we got a national strategic defense catastrophe on our hands.

00:38:51.100 So net, if you take the left side, the total receipts, and then compare it with the right side, the total spending, we come up $624 billion short in only the last two months, the beginning of the fiscal year for the federal government.

00:39:08.800 So if you extrapolate from $624 billion over two months, that leads to a $4 trillion deficit in one year.

00:39:20.300 So that's why Steve Bannon's been saying in over a year, a year and a half, instead of being at $36 trillion in debt, we'll be at $40 trillion.

00:39:28.620 Debt's growing exponentially.

00:39:30.800 The bond market vigilantes will kick in.

00:39:33.800 Interest rates will go up.

00:39:35.400 Inflation will go up because the Federal Reserve will accommodate.

00:39:39.360 They started lowering the interest rate again.

00:39:42.220 They're preparing Wall Street and the rich for a safety net once again when things collapse.

00:39:49.020 There's clearly a bubble, right?

00:39:50.080 Warren Buffett has gone from $100 billion in cash to $300 billion in cash over the past month or so.

00:39:57.300 And when Warren Buffett goes into cash, he did that before the 07-08 financial crisis, and he bought the whole lot, as they say, after the collapse.

00:40:08.220 So he knows what he's doing.

00:40:09.920 And so a cautionary tale right there.

00:40:12.140 I want to bring in our good friend Richard Stern from the Heritage Foundation to cover some of the incidentals, the details that will infuriate you when you hear them.

00:40:23.780 Richard was head of the budget committee staff in the House, so he knows his stuff.

00:40:28.860 He's served his country for many years.

00:40:30.300 Thanks for being with us, Richard.

00:40:31.420 Take it over.

00:40:32.760 Always a pleasure.

00:40:33.500 Thank you for having me on.

00:40:34.960 Look, I think the first thing I would tell everybody is it is 1,547 pages long.

00:40:41.500 And if that sounds like you couldn't read that if you had a month of Sundays, trust me, that's part of the design.

00:40:47.060 They want to make sure they can cram as much through this as possible so that there's as little transparency, as little real debate about it.

00:40:55.040 You know, we keep hearing about this as a CR, as you were bringing up, you know, continuation of government spending.

00:41:00.620 Only eight pages out of 1,547, right around 2% of the entire bill is the actual CR.

00:41:08.640 The table of contents on this bill is 14 pages long.

00:41:13.380 So the table of contents walking through all of the swampy stuff that the D.C. cartel has packed into this bill, that table of contents of their goodies for themselves and their friends is longer than the part of the bill that is actually what the title of it is.

00:41:28.260 You can't make this stuff up.

00:41:29.480 Yeah, no, thanks.

00:41:33.000 Give us a little bit of the political background.

00:41:35.760 You were on the House.

00:41:37.020 You know, you know the politics as well.

00:41:38.720 I think that's probably the most important piece here, right?

00:41:41.080 Trump just won a huge Electoral College victory and the popular vote for the American people.

00:41:47.900 We have black, brown, Hispanic, blue collar workers coming our way.

00:41:51.940 Everybody wants to right the ship and get us going in the right direction.

00:41:57.600 The Speaker is in a hard spot to an extent.

00:42:02.820 But what's going on here, right?

00:42:05.140 The House leadership, they've got to know.

00:42:07.180 They have to respond to that overwhelming electoral victory.

00:42:12.040 People want to see success.

00:42:13.400 They want to see the beginning initiatives going in the right direction.

00:42:17.680 They cut in spending.

00:42:18.620 They could have offset a lot of this spending for disaster relief or farm relief, et cetera, with something else.

00:42:24.480 And so what gives on the politics here?

00:42:27.160 So absolutely.

00:42:28.540 You know, in the last generation, we have seen this massive explosion of the debt.

00:42:32.660 You've always been an amazing ally of those of us who are fighting to let you keep the money that you've earned,

00:42:38.600 not have the government spend it away and squander the debt.

00:42:42.160 And, you know, the statute showed earlier that half of the spending of the government in the last two months has been from deficit spending.

00:42:49.740 All of that turns into inflation.

00:42:51.720 It's the government crowding at everything you would like to do.

00:42:54.440 Now, how did we get here?

00:42:56.100 We got here because Congress and the White House for a generation have sought to give favors to their friends.

00:43:01.940 They've used the national credit card to do it because they know that it sets off an inflation time bomb that takes years to really show itself.

00:43:10.720 You know, the lack of affordability of housing, the spike in interest rates, interest rates right now on mortgages are about three times what they were when Trump left office the first time.

00:43:20.580 And that's because of this ticking time bomb, because of the pressure that the federal debt and deficit put on money markets.

00:43:27.200 So it's a it looks like free money because the hangover comes well after the buzz on this one.

00:43:33.260 And so the politics, of course, is for more than a decade or so, Congress is used to this.

00:43:38.260 And in fact, they tried doing the same thing this year.

00:43:40.780 The fiscal year actually runs out the end of September.

00:43:43.500 What did they do?

00:43:44.520 They passed a CR to conveniently put the next vote in the middle of the lame duck. 0.95

00:43:49.540 They knew what they were doing.

00:43:50.980 They wanted to get through the election, promising whatever you wanted them to hear.

00:43:54.820 Wait before Trump could take office and then pass this an eight page CR with another fifteen hundred and thirty pages of their giveaways.

00:44:03.940 And, you know, part of this is 70 pages for pandemic response preparedness.

00:44:08.840 But who knows what's in that?

00:44:09.920 They're giving themselves a 40 percent pay raise in this bill and one hundred and ten billion dollars strewn across every account you can imagine.

00:44:19.540 Yeah. And I just want to highlight a point we haven't made enough on the war room.

00:44:26.020 You know, Milton Friedman said inflation is always and everywhere a monetary phenomenon.

00:44:30.280 And then the American people get confused because people say, well, this government spending causes inflation or oil shocks cause inflation or if Trump does tariffs, that'll cause inflation.

00:44:40.700 That that is not true.

00:44:42.500 None of that's true.

00:44:43.620 The reason it appears true is because whenever government does the spending, the Federal Reserve accommodates that spending by printing more money.

00:44:51.240 Now, if they didn't print more money after the government spends two trillion dollars, you would have interest rates going through the roof.

00:44:58.700 Right. And so that that's why they do it.

00:45:01.420 But the Federal Reserve, they're big adult people with big brains and they know what they're doing.

00:45:08.480 They are accommodating this disaster.

00:45:11.020 And so I just want to make that point clear to people.

00:45:14.940 When you get confused about inflation, Uncle Miltie was not wrong.

00:45:18.480 Now, I want your response to this.

00:45:20.080 We've got about six minutes to go, Richard.

00:45:22.180 So when I was in Congress, I always called the budget and the speaker, by the way, has ultimate power.

00:45:27.080 That's why we've had problems over the past five speakers.

00:45:30.360 They really get to set every spending.

00:45:32.860 When I was on the budget committee, they would set the number and say, you guys have fun twiddling your thumbs.

00:45:36.860 Here's the number. And so the reason that is, there's what's called the giant Excel spreadsheet in the sky.

00:45:43.960 That is like the holy of holies or the unholy of holies up in Congress.

00:45:50.100 And so what that means is.

00:45:52.620 They have to pay attention, the that Excel spreadsheet in the sky and leadership has to pay attention to their donors and the donor class and the money, the money's coming in.

00:46:02.180 And so it's the exact opposite of what America first means.

00:46:07.800 When you hear what the speakership has done in our budget process, let's just go over the top three numbers.

00:46:13.820 Right. Economics, take care of the middle class, take care of the poor, et cetera. 0.84

00:46:18.920 What do we do after 07, 08?

00:46:20.640 You always protect, according to the giant Excel spreadsheet in the sky, you protect Wall Street and you protect the bankers at all costs.

00:46:28.520 If the middle class has to pay taxes and suffer, sorry, too bad.

00:46:34.900 Immigration, border invasion. 0.96

00:46:37.100 The rich class wants cheap labor.

00:46:40.200 So when you walk into the holy of holies up there in the Congress, again, the American people get short, shorthanded.

00:46:48.920 Right. And instead of supporting the American people and increasing wages, the cheap labor crowd gets their way.

00:46:54.800 Right. Finally, endless wars. The American people are sadly against this Ukraine funding.

00:47:01.060 We love the Ukrainian people. Great Christian folks there.

00:47:04.520 But the U.S. and our CIA and State Department have been poking the bear, the red line.

00:47:10.100 And the American people want no part. And now Germany's falling apart.

00:47:13.680 France is falling apart. England's falling apart.

00:47:15.460 Who do you think is going to end up paying all the bills for this if we don't get this right?

00:47:19.940 And so, right. So when you go up to the giant Excel spreadsheet in the sky and the speaker walks back into that secret panel, they go in with good intentions.

00:47:28.360 Paul Ryan, he was a heritage guy.

00:47:31.000 Mike goes in, but then they're told or sold a bill of goods and they are told to turn around.

00:47:36.380 So you got about four minutes, Richard.

00:47:37.980 Give me your commentary on why in the world is this happening to every speaker over the past 30 years, as you just said.

00:47:44.260 Absolutely. And I think you hit the nail on the head.

00:47:46.880 You know, so what I always tell people is that if you think of the founding of the United States, we were put together by people who were visionary leaders, who cared about the people, who cared about all Americans, who wanted to see the middle class that you're talking about grow.

00:48:02.080 And part of this comes back to the understanding of, frankly, back to how did the Roman Empire and Republic get formed?

00:48:08.040 It was formed around landholders, farmers who were really small business owners.

00:48:12.940 They were the middle class.

00:48:14.820 When did Rome collapse?

00:48:16.320 It's when the land was stolen out from under them by elites in the Senate, in the city of Rome.

00:48:21.760 And we have seen that time and time again through history where nations rise on the back of their entrepreneurial, innovative middle class.

00:48:29.740 Effectively, they're small business owners, and then you see these elites come in who get their profit, not through merit, not through producing goods and services that help everybody and improve quality of life, but they derive their power from the government.

00:48:44.740 They steal the resources produced by that small business, entrepreneurial, innovative class, and they use that to wield ever-increasing power.

00:48:53.720 And that is exactly why I like calling this the D.C. cartel.

00:48:57.520 It's a cartel of elites who wield power in the fashion that you were talking about, that we're talking about right here.

00:49:03.660 And so, yes, they hold Congress, they hold the Speaker over the coals, and they force them to vote to steal more and more for the working class from those Americans who produce, who innovate. 0.70

00:49:15.760 You know, I appreciate everything you were talking about getting into the details of how inflation works.

00:49:20.220 One of the things I always say is that the federal deficit is the bank robber.

00:49:24.980 The Fed is merely the getaway car driver.

00:49:27.920 Right, right.

00:49:28.600 The bank being robbed.

00:49:30.060 And that's exactly what's happening here.

00:49:31.620 When the Fed creates more money, it's not just an inflation steals value out of your paycheck and out of your life savings, but it artificially inflates the value of hard assets.

00:49:42.620 So it becomes this tide that drowns the people who are working to get ahead and repurposes, redistributes that wealth to those who already have wealth.

00:49:52.620 It moves away from a merit-based economy that produces prosperity and moves it to something that resembles the kind of feudalistic powers we used to see in Europe.

00:50:02.120 And it is that kind of imperialism that we have to work hard to stop.

00:50:05.600 But those are the forces you're seeing today on show.

00:50:08.560 Yeah, that's it.

00:50:09.720 Let's dig.

00:50:10.780 You got two minutes.

00:50:12.100 Let's dig a little bit deeper in inflation.

00:50:13.940 I don't think the American people understand because the war room and a few other places, you, Heritage, might have explained this.

00:50:19.940 But we've had 25% inflation since Biden took over, right?

00:50:24.160 So, you know, 22 plus, you know, three lately.

00:50:26.680 So just say 25%.

00:50:28.080 What people don't understand, it's not only your food prices and gas prices and everything else under the sun, but you've lost 25% of the purchasing power in your retirement plan, your pension, your 401k, etc.

00:50:40.080 And so 30 seconds, you know, I don't think the American people understand the pain, this hidden tax.

00:50:45.280 When you go to spend your million-dollar retirement, it's only going to buy $750,000 if you're lucky enough to have one.

00:50:51.580 Half the country doesn't even have one.

00:50:52.980 Richard Stern, close this out.

00:50:55.180 Absolutely.

00:50:55.840 And that erodes everything else you rely on, erodes the value in your home, everything else you've saved.

00:51:00.480 And, you know, 97% of the value of the dollar has had a match lit to it by the Federal Reserve since it was formed.

00:51:07.900 And really, as you were pointing out, as Milton Friedman pointed out, inflation is purely a tax on hardworking Americans.

00:51:14.800 It is a quiet tax you never voted for, but it drains everything you have and gives it to the D.C. cartel.

00:51:21.880 Yep, you never voted for any of this, folks.

00:51:24.320 And so call up your Congress, call up the senators, both sides, right?

00:51:29.000 We need to—the Democrats get away with being Santa Claus.

00:51:32.320 They give away everything, right?

00:51:34.100 Our press doesn't do any due diligence there.

00:51:36.720 Republicans take it on the chops because they mess up, too.

00:51:40.260 They're increasing spending, but they're fighting against Santa Claus.

00:51:43.720 It's just accepted that the Democrats, of course, jack up spending.

00:51:47.860 The press never holds them accountable to anything for the endless wars, for the Ukraine funding, for the gigantic deficits, for the inflation.

00:51:55.900 They did the border invasion intentionally.

00:51:58.100 They'll tell you that.

00:51:59.500 And so don't just call the Republicans.

00:52:01.160 We want to call the folks that are not making America great and not making you, the American citizen, first place in the list of those who need to be supported by this great country.

00:52:12.340 So keep up the fight, and we'll see you soon.

00:52:15.260 Over Christmas, I'll be back on.

00:52:16.640 God bless.

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Bannon's War Room - December 19, 2024

WarRoom Battleground EP 675： 80th Anniversary Of The Battle Of The Bulge

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