Why is gold hitting new all-time highs every couple of days? Why is it so hard to tell the difference between a rising price of gold and a falling price of other precious metals? Why does gold continue to rise? What are the reasons why gold continues to hit new records? And what are the most significant factors driving gold prices higher? All that and much more on today's edition of the War Room.
00:01:18.160Philip, wild day in politics, wild day in geopolitics, national security, capital markets, and particularly gold.
00:01:28.640Yesterday we had President Trump announcing the 25% tariffs.
00:01:32.700Liberation Day is next Wednesday, the second, where he says that he is planning on announcing reciprocity of tariffs to all nations on the earth.
00:01:44.640And that will come as quite a surprise to people, some of the nations like India, Canada, others of our allies, EU, have been taking real advantage of this country for a long time.
00:01:54.460And he may, you know, he's going to set things right.
00:01:57.120That is rolling over into the world's currency markets, the world's capital markets, but particularly gold.
00:02:04.520The question people keep asking me constantly, and that's why I'm so glad, and people should know, during the trading day, it's very hard for Philip to get away from the desk.
00:02:13.000Walks it, why does gold appear to be hitting an all-time high every couple of days, yet reports out today from Goldman Sachs and J.P. Morgan are talking about, and gold futures, plus these reports that are talking about gold having, and this is not Birch Gold.
00:02:32.020These are major investment banks, money center, commercial banks, the top hedge funds in the world.
00:02:39.060They own their own prop trading operations, and they always look at gold as a hedge in these prop trading.
00:02:45.380They're pointing towards pretty significant movements in gold for the rest of this year into next year, sir.
00:16:28.140And they had a number of meetings and we recover it.
00:16:30.820There's another one coming up in Brazil here in the not too distant future.
00:16:35.580And the BRICS nations would always get together.
00:16:38.140It wasn't just geopolitically say, hey, look, maybe we put a basket of our currencies together.
00:16:42.780Maybe we have some sort of gold backing to make it a traffic.
00:16:45.180And there's been discussions, there's been some attempts.
00:16:47.920President Trump, Philip, saw this and President Trump goes, hey, let me tell the BRICS this.
00:16:53.800If I even see you having a meeting and you're on the attendees list, I'm putting a 200% tariff on all your goods.
00:17:03.120From then, I think it's Modi's actually said, hey, look, I don't really know these BRICS guys.
00:17:07.720I know we're included, but we're not going to have any meetings.
00:17:11.960We're not participating in any meetings, Mr. President.
00:17:14.300What is your what is your why is President Trump so sensitive to the fact that even if they meet and discuss an alternative to the dollar empire, he's going to play smash mouth and hit him with a 200% tariff, sir?
00:17:27.860Because he understands that this is perhaps the most important fight in front of us.
00:17:33.980And this was something that the previous administration just didn't understand.
00:17:37.960They referred and this made my blood boil.
00:17:40.820They referred to the BRICS de-dollarizing as a natural desire to diversify.
00:18:36.840So far, they are using gold as the means to de-dollarize.
00:18:40.300I am watching the BRICS very, very closely.
00:18:44.240Like I said, they seem to be splintering a bit now.
00:18:47.760Longer term, we'll have to see how that plays out.
00:18:52.100You should know that we're actually working with some folks to make sure that Philip can actually get down and cover live and the team from Birch and hopefully maybe the war room.
00:19:00.260Some of our people can get into the country.
00:19:02.340As people know, we're not exactly welcome by Lula and the Brazilians now.
00:19:05.940But I think that BRICS meeting is important enough that we ought to be covering that up close and personal.
00:19:11.400I don't have time now to go through the Mar-a-Lago Accord.
00:19:14.000But I understand that President Trump and Bessett have a very well-thought-through plan that they're trying to implement.
00:19:19.360Now, I'm not saying they're not going to hit speed bumps.
00:19:23.900Twenty-five percent tariffs today on – came last night today on automobiles not made in the United States.
00:19:31.020Remember, there's roughly $800 billion worth of car sales in the country in a year.
00:19:36.580$500 billion of that, folks, is made overseas, is made – not overseas, is made in either Mexico, Canada, or – and I think they went through today – the bent German medal.
00:19:46.840Most of that is all made in Germany or in Europe.
00:19:51.940That is a predicate, though, for Wednesday, which President Trump continues to call Liberation Day.
00:19:58.760What is your sense, as you look as an analyst, the main analyst over at Birch Gold, on gold as a store of value, gold as a financial alternative?
00:20:06.880What do you see when you see this really – it could be a – President Trump says, hey, it's Liberation Day.
00:20:11.820He's going to liberate the United States from people that have ripped us off for dozens and dozens and dozens of years, if not decades, sir.
00:20:19.860Look, it's something we need to do, right?
00:20:22.540He said in no uncertain term we've been ripped off by every country in the world, friend and foe.
00:20:28.720And you have to admit he's not wrong at all, right?
00:20:31.500We consider the hollowing out of American industry over the last 40 years.
00:20:35.580It becomes very clear that companies sort of vastly increased profit margins by offshoring manufacturing and assembly lines, but they did it at the expense of the American people and the middle class.
00:20:47.420So, you know, we have to make a change.
00:20:50.100I think shorter term this is going to create huge volatility in financial markets, but there is a longer term plan.
00:20:57.240And I've said it before and I'll say it again.
00:21:00.040We've had, not for a long time, a president that's willing to make tough decisions, to go through hardship, to go through pain for the greater good.
00:21:09.780And ultimately, it's what we have to do.
00:21:12.120And it is politically unpopular, but it's, you know, sometimes you've got to make the tough decisions.
00:21:17.100And that's why I think signaling from this administration is going to be really important.
00:21:21.320I think they've done a very good job of warning the American people, but they just need to be consistent.
00:21:27.020And we need to embrace perhaps going through a recession for the greater good.
00:21:31.980So personally, I'm not hugely concerned.
00:23:23.600How do they get to you and your team to talk through all the alternatives, the instrumentality of how they do it,
00:23:28.660also so they can start to understand the pattern recognition of what's happened in gold over the last couple of years?
00:23:34.500And according to the biggest investment houses on Wall Street, it looks like it's going to continue, at least for the next couple of years.
00:23:58.440And, you know, from there, people can contact us.
00:24:00.880They can reach me directly or, you know, many precious metal specialists like myself.
00:24:06.500And our job is to take this information and to make it make sense.
00:24:10.780You know, what I hear from your viewers a lot is, you know, we touched on all the concepts, but we tied it together in a way that makes sense.
00:24:19.320And that involves a conversation, a two-way conversation.
00:24:22.500So, reach out, birchgold.com forward slash Bannon for information.
00:24:27.040And from there, they can have access to myself or people like myself to explain it and to guide them through.
00:27:39.960Birch Gold specializes in helping you convert an existing IRA or 401K into a tax-sheltered IRA in physical gold for no money out of pocket.
00:32:35.700But his primary job has always been with Elise.
00:32:37.460So with Elise going to the United Nations, that's not his schtick.
00:32:41.440You know, he started with her as a driver at a college.
00:32:43.480He's gotten really no Congress in congressional districts.
00:32:46.340So he's really become a proficient at this and works with a lot of different groups and was going to make that his life, his profession going forward before he went to other things in the House.
00:32:57.600He's now back with her because – and she's not happy about this.
00:33:00.880Her whole family had planned on being in New York City.
00:33:02.980She had a whole complete thing about what she was going to do with the United Nations.
00:33:06.480And she's a young woman with ambitions.
00:33:08.280And these young women are just really, really, really impressive.
00:33:11.960So they got – and this is what drove it.
00:33:52.240I think this – and the polling is not that old.
00:33:56.500He's got Josh Weil, 44, Randy Fine at 41%.
00:34:00.180This is what I said about the negative three.
00:34:03.240Now, I think that was right before this week in that this audience and others that Randy's spreading out and getting to more – because I'm not so sure MAGA was that engaged – for a host of reasons.
00:34:15.140A host of reasons that also don't matter right now.
00:34:17.520We're in a war, and we have to win this war.
00:34:25.060And I realize this comes – some people – this is crestfallen, but this – I'm giving you the reality of democracy in the 21st century.
00:34:32.000This country is pretty – two-thirds of the people will support MAGA if they understand what MAGA's doing.
00:34:40.060It's one of the reasons the podcast and ourselves and others, Real America's Voice, more information people get to go, yeah, I get that.
00:35:27.620That's not always easy to get connected to Jerusalem given what's happening in the air campaigns over there.
00:35:32.000Rabbi Walicki is going to join me because there is something amiss.
00:35:39.300There is a – he's had to – BB's had to remove the military intelligence, not the Mossad, but the Shin Ben, I think it's called, head, replace him and put somebody else in.
00:35:51.700And there's all kind of rumors of discussion of the deep state.
00:35:54.620You know, they've had these – he had a judicial problem.
00:35:57.260They identified their judicial problem right after we went through ours in the first term.
00:36:32.640I was fortunate enough to go to an Ivy League school.
00:36:35.020But I also went to a land-grant college.
00:36:36.960I think we have to go – not to the land-grants yet.
00:36:39.700I think we have to go to the big public Ivies, these magnificent universities, you know, Ann Arbor, Michigan, University of Michigan, Madison, Wisconsin, University of Wisconsin,
00:36:53.100Charlottesville, Virginia, the University of Virginia, Chapel Hill, North Carolina, University of North Carolina, Berkeley, maybe UCLA, throw UCLA in there,
00:37:02.720University of Arizona at Tucson, University of Texas, right?
00:37:07.900And I know that people say, don't mess with Texas.
00:37:09.900Well, hey, we've got to have a conversation.
00:37:44.860A lot of this comes to high school, and they get these college campuses, particularly these public ivies.
00:37:50.540It's extraordinary how radicalized these are.
00:37:54.100And I think as President Trump broke Columbia, you can break all these because the states can't step in and put up the billions of dollars that the federal government puts in to keep these going.
00:38:20.860You're here as a guest of the citizens of this country.
00:38:22.980That means all the guests, not just the radical kids you're living in the dorm with.
00:38:27.260They can do it because they happen to be sent to the United States and say, well, they've got amendment rights.
00:38:31.120They say, hey, they may have all kind of free speech rights, but they ain't got a right to be here on some student visa and causing a problem that we have to pay for to send it down.
00:38:38.940Put them, get them, get them right out of the country.
00:38:48.540We let you come here to our country, the United States of America, to study.
00:38:51.840As long as you, you know, keep, as long as you have good order and discipline, study away.
00:38:57.980I'm not a huge fan, as you know, having a lot of foreign students at these colleges in the first place, taking slots from American students and American kids, Americans, you know, the sons and daughters of American citizens, regardless of their ethnicity, their race, their religion.
00:40:42.200But people have to have his back and push that through because, as you know, the resistance to that, and I'm not talking about the resistance of people at a Tesla dealership or keying a Tesla in a parking lot or having these signs out there saying this or that.
00:41:05.360I got a problem with the radical and the terrorism and trying to, whether it's the college campuses or what they're trying to do or at these Tesla dealerships, not going to tolerate that.
00:41:14.660And people should, I think the Justice Department and others ought to be, ought to come down harder.
00:41:18.860And particularly these foreign students, you caught one time, you put in a camera and say, get them, get ice, take them to the airport, put them on a plane, say, hey, thanks for the memories.
00:41:44.680And they say, well, it's a private university.
00:41:46.820I said, yeah, it's a private university except for the billions of dollars, billions of dollars that the U.S. government sends every year to support the apparatus.
00:42:11.060These top public Ivies, what they call the University of North Carolina, and tell them, hey, the $4 or $5 billion we're sending, you ain't going to get anything.
00:42:18.360You're getting nada, zero, until you clean it out.
00:42:41.580You want to end up like England where they're too afraid that Tommy Robinson's rotting in a prison because they're too afraid to step up to the grooming and the mass rapes of the girls?
00:44:07.220He said, hey, the Red Sea is at the mouth of the Suez Canal.
00:44:11.920He says, essentially, if you're going up there near, because you've got it from the tip of the peninsula, if you head up there, you're not heading to Aqaba, you know, where Lawrence of Arabia took the town from the desert.
00:44:24.620Have you ever seen the movie or read the book, Revolt in the Desert?
00:44:52.480We now have two carrier strikes in there.
00:44:55.720When I say the party is on, this is about Diego Garcia and what's happening on the southern border, and even what's happening around two carrier strike groups in America First.
00:45:05.940I remember President Trump has a very set way he's thinking this through.
00:45:09.800I think Pete Heggs has been a terrific defense secretary.
00:45:13.940This is one of the reasons, like Jace Medical.
00:45:17.460Depending on how this goes, President Trump said the other day on tariffs.
00:45:21.020He said specifically on Chinese tariffs against the Chinese Communist Party.
00:45:42.720Rosemary Gibson lays it out in her book.
00:45:44.100Remember, those folks that you have been around since our pandemic days, Rosemary Gibson was on here all the time because he talked about supply chains.
00:45:50.860They have, at that time, 100% of generics and 100% of active pharmaceutical ingredients.
00:45:56.600That's why Jace Medical, the guys, Dr. Sean Ross, all they did was take her hits on War Room and her book, and they built a business around it.
00:46:05.660Understanding that, one, you have another pandemic, it's going to be shut down like it was.
00:46:09.760Two, if any kind of geopolitical incident happens, it's going to be shut down.
00:46:14.960So go to Jace Medical, get into it, promo code Bannon, get into it, and get the details.
00:46:22.060But when the British say the party is on, they're talking about the event, the event being an event dealing with conflict, kinetic, not diplomatic, kinetic.
00:48:06.960It's – they give a percentage of their profits to basic philanthropic groups that support first responders, second amendment, and they support your values.
00:48:17.120So stop giving money to people that hate you.
00:48:19.660Remember, the telecom companies, the executives, amoral, and they hate you.
00:48:23.860But some good people there don't – there's – my dad worked for the phone company forever.
00:48:29.040Not the phone company you see today, but he did work for the phone company forever.
00:48:33.140Mike Lindell, already – the president's getting blowback on this – on the election integrity.
00:48:54.440Remember when Fox News would not talk about anything to do with elections?
00:48:59.220How did they like it when my press correspondent, Cara Castanova, from Lindell TV, got to ask the question in the press conference room, too, about the election integrity executive order the president did?
00:49:13.500Everything in there, Steve, I've been taking nonstop calls.
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