00:01:17.920Ben Burquam was right the other day, the great Ben Burquam.
00:01:21.140Natalie, thank you for riding shotgun here.
00:01:25.340Your assessment just first cut hot take on the Rainmaker CEO, the interview we had, ma'am.
00:01:32.580Well, I might be getting a little bit of deja vu to the origins of COVID, right?
00:01:38.000I think if you look at the psychological framing and, frankly, warfare of so-called conspiracy theories and misinformation, they want to make it.
00:01:45.720So if you even dare to ask certain questions about what generated, in this case, not a public health emergency, but, you know, a flood that you're crazy, you're going to be censored, whatever, you name it.
00:01:56.060I think in this case, it's probably a little bit different.
00:01:59.740I think if you, you know, sort of maybe steel man the argument, I think the question becomes, well, then why would the United States government be using technologies like these defensively, right?
00:02:10.780And in the same way, I think it's weird when you have senators like Ted Cruz and the entire sort of tech apparatus already rushing to sort of prematurely debunk just the ability to ask these questions, right?
00:02:20.500Getting out in front of any meaningful investigation, trying to water that down.
00:02:25.120But I think the core issue is in whose hands, right, do these technologies belong?
00:02:30.380And it's the same tech bro sort of contingent that we've seen shift and grift their ideologies, their principles, in some cases their religion, frankly, just to max out and make money.
00:02:40.460And I think that the sort of convergence that I find uniquely concerning is on the Chinese front, right?
00:02:45.920If China's plowing upwards of $1 billion into technologies like these, that's not just something they're using domestically, right?
00:02:52.540I don't know how it works in terms of legality of warfare.
00:02:56.160You know, they're all into unrestricted warfare.
00:02:57.880But I think you're opening Pandora's box.
00:02:59.720And while, like you were saying, I don't know what that guy's lawyers are telling him to say on worm, but I think it opens up a serious can of worms, unintended consequences aside.
00:03:07.680But the $1.4 billion is also from guys that make, you know, making hundreds of millions of dollars, not billions out of organ harvesting off a lot of human beings.
00:03:16.140I mean, it's not exactly – I realize we have to watch everything they do, and you've got to be prepared.
00:03:22.040But as you said, it's unrestricted warfare, baby.
00:03:28.540Philip, we just had one of the senior members of the Treasury Department and one of the top, I guess, economists they have over there, an acolyte of Larry Kudlow, who's Mr. Growth.
00:03:38.400I think – and he did a very good job of giving you official Washington and the official capital markets response to this group of what they feel are still developing nations down in Rio.
00:03:54.920And Lula is like a Castro-type figure.
00:03:57.860Big talk, but a little old, can't hit the fastball anymore.
00:04:02.280Your thoughts, Philip, and this is the whole reason, this is the entire reason that we wanted you guys to go down there with a group and actually see everybody, talk to the central bankers, talk to the finance ministers, talk to the economists, and try to get your 20 – try to use your 20 to get a snack on the streets of Rio, in which the guy says, no thanks, boss.
00:04:54.300They've signed dozens of bilateral trade deals for global trade in their own currencies, bypassing the dollar entirely.
00:05:01.900This stuff was almost unheard of, you know, three, four years ago, right?
00:05:07.080Now, it's certainly true that the US is the biggest global market in the world, but it's also true that the US pays for its imports with debt.
00:05:14.940So I agree vehemently with Trump's plan to revitalize American industry and manufacturing, but in the meantime, we need something to trade.
00:05:23.740Now, where I agree is that Trump is a master negotiator, and I've always thought he's going to put bumps in the road for the bricks.
00:05:33.240Trump's expertise, though, is sticks, not carrots.
00:05:36.540And I think short term, it's going to work.
00:05:38.900I've never suggested that this will be linear trajectory for the bricks.
00:05:46.180But I think one thing we've seen here on the ground, and obviously listening to Lula's comment, they are committed in this respect.
00:05:52.960So for me, Trump's plans to put forks in the road to create bumps for the bricks will work short term.
00:06:00.000The only long term improvement I can see, the only way out, is to rebuild trust in the dollar.
00:06:06.780Trust that was broken in 22, in 2014, in the 80s, in the eyes of the Brazilian, it's been badly damaged.
00:06:14.360So that's what we have to do through policy and through strength.
00:06:18.500But I think unless we do it, that's where I disagree.
00:06:22.240I think the bricks are committed to doing this.
00:06:24.560It'll be one piece at a time, but I don't think they're going to stop.
00:06:28.300But is the best tell on that, because rhetoric is one thing, is the best tell on that, continue to see the rates that the central banks continue to buy gold?
00:06:40.180Because correct me if I'm wrong, you saw Russia with 98%.
00:06:43.440Listen, I think this is one of the reasons, and I'm going to get Natalie in here if we've got time, because I got great interviews by Jane Zirkle and great interviews by Joe Allen.
00:06:51.620I don't think I'll be able to use them.
00:06:52.860I've got to figure out how to use those tomorrow, because I want to get Natalie's thoughts on this Ukraine situation and the Pentagon.
00:07:03.240Is the tell here, Philip Patrick, the central banks buying, continue to buy gold, maybe not at record rates, but still at very high levels?
00:07:10.880Because, correct me if I'm wrong, all of these bilateral deals they want to do, everything they want to do, and we're going to take the yuan and we're going to take, you know, the shekel, or we're going to take the yuan or the Russian currency, all of those are the rupee in India.
00:07:28.780All of those transactions somehow are going to have some sort of gold backup to it.
00:07:33.200I mean, how are these guys going to take the currency risk?
00:08:31.480It was absolutely brilliant of what you've derived from being down there on the deck plates.
00:08:36.840And we'll have you more on and talk about more of that later.
00:08:38.720But from somebody's personal financial point of view, besides getting in contact with you guys now, I think now more than ever, because you've got to understand, like we say, not the price of gold, but the process of how the price is driven and what that means for the value of gold going forward.
00:08:56.520What do you recommend now to our audience?
00:08:59.340What should the thinking person, given that this Rio reset was pretty big and quite frankly, in the West face, I would say, what should people do?
00:09:09.640Look, I think it's just a case of cautious preparation, right?
00:09:14.900We're struggling in this climate for a number of reasons.
00:10:18.620You know, I tell clients all the time, take everything I say with a pinch of salt and look at where the smart money is going.
00:10:24.980It's going into gold and it is not letting up.
00:10:27.860And I think your visit there reiterated this.
00:10:32.480You look at these central banks and, you know, the BRICS movement is the global south or what was called the developing country or the third world to a large extent.
00:10:41.660And I keep telling people, hey, these people are plenty smart.
00:10:46.720They all went to the best schools, you know, in Europe and in England and the United States.
00:10:51.460They all picked the cream of the crop.
00:10:53.260They all know finance as well as anybody on Wall Street.
00:10:57.500And these people are smart and they're going to make decisions.
00:10:59.980And this is what nationalism is about.
00:11:13.840We don't we don't like this global system.
00:11:16.520We're going to think of another way to do it.
00:11:18.080So it's quite interesting ideologically, particularly since Lula is a flat out Marxist and on the payroll of the Chinese Communist Party and obviously a puppet.
00:11:35.880And I was talking to my colleague who's out here with me.
00:11:38.960It was absolutely worth it, not only for the access, but also understanding sentiment and being able to look at it from an outside perspective.
00:11:48.200When I told you I was up last night sort of motivated, trying to think of how we can win, it's because of my experiences here.
00:12:22.280I know I can actually say that we are working on the eighth free installment, the lucky eight, the hard eight on the end of the dollar empire.
00:12:31.500Even as we speak, where do people go to get it, get access to you?
00:13:57.660These people that are very, you know, thoughtful about the defense budget and what has to happen here because it's increasing.
00:14:03.940And Marjorie Taylor Greene just put a shot across everybody's bow about Ukraine, Israel, she threw in Taiwan.
00:14:09.340Everything on a day where I'm going to play a clip for you in a second on a day they had the Epstein situation in the cabinet room that came off this debacle that they put out the other night.
00:14:21.300But you've got this whole thing about work permits and amnesty.
00:14:25.120Let's let's I want to go to the president of the United States because I think there's a bunch of core issues here, kind of MAGA issues that need to be worked through and they can only be worked through by the audience.
00:14:35.980Let's go and play the clip from the president at the at the cabinet meeting.
00:14:47.120Yeah, this morning we talked about, of course, this was a top of mind question.
00:14:50.980This morning we talked about protecting the farmers in the farmland.
00:14:53.740But obviously this president's vision of no amnesty, mass deportation continues, but in a strategic way.
00:15:00.780And then ensuring that our farmers have the labor that they need.
00:15:04.840Secretary Chavez de Rimmer has been a leader on this.
00:15:07.320Obviously, this comes out of the labor department, but moving toward automation, ensuring that our farmers have that workforce and moving toward an American workforce.
00:15:16.600We've got to give the farmers the people they need, but we're not talking amnesty.
00:15:22.600OK, so, Natalie, the national security issues brought forward today in the press conference at nine this morning, which we covered in Navarre was there.
00:15:32.780This was about the CCP and about the food security, our land, etc.
00:16:15.320Of course, you've got many more tens of millions after that.
00:16:18.900But your hometown of Los Angeles, some people are saying part of it's a ghost town, part of East L.A.
00:16:24.460There's a huge firestorm out there about the continuation of the mass deportations.
00:16:29.840When you hear words like strategic deportations and work programs, because I've gotten my phone is blown up over what are we talking about work programs?
00:16:40.120What is what is your sense of things, ma'am?
00:16:45.120Strategic deportations sounds like a cop-out.
00:16:49.320And frankly, Steve, it's not something that we need to work through with this audience.
00:16:52.820I think our audience needs to hold the line and advance what I thought were the bedrock principles of the MAGA movement, of everything that undergirds America first.
00:17:03.120And I think the press conference today, in terms of CCP farm ownership, land ownership, is very important.
00:17:09.620But in the same breath, when you're trying to allocate more weaponry and resources to Ukraine, that sort of goes against the idea that the PRC is the primary and existential geopolitical threat that the United States faces.
00:17:22.940For two points, one, we should be focusing on Indo-PACOM.
00:17:26.820But more importantly, it really should be, I think, a whole-of-country approach to countering the PRC.
00:17:33.260That's what Eric Tietzel was talking about this morning.
00:17:35.600And I think you have not just two but three camps sort of within the Pentagon, within the sort of national security apparatus.
00:17:41.920One is the group that thinks we should be having more meetings focusing on Iran in the Middle East and Ukraine as opposed to China.
00:17:49.800And then within the China camp, you have the people who use it as cover to push for a trillion-dollar-plus budget.
00:17:55.360And the small contingent of people who are more aligned with the war room who actually view the PRC, right, as the threat that it is.
00:18:02.580And take the numbers of, what was it, 98 or so interceptors, right, that were used to shoot down those Iranian drones.
00:18:08.440That's about the number of interceptors that the United States can produce in two whole years.
00:18:14.060Blue that and a billion dollars, what, so we can defend another country.
00:18:18.200And more importantly, right, so if you extrapolate those numbers, it's very concerning.
00:18:22.480China builds 300 ships for every one ship that we produce.
00:18:26.180We can't even buy cheap drones because China dominates that market space so much.
00:18:30.320We obviously dominated that high, you know, price tag, $5 million drone.
00:18:33.700We aren't even buying munitions because we don't even have anything to strap them onto, right?
00:18:39.400This is crisis-level, I think, territory.
00:18:42.420And you see a more aggressive and sort of belligerent Taiwan.
00:18:45.260They're using words like independence.
00:18:46.860We are approaching not, you know, in a far-gone conclusion.
00:18:50.400We're talking in a month or so of really conflict heating up with the Chinese Communist Party.
00:18:55.080So to be sending more weaponry to Ukraine, to be trying to incite conflicts in the Middle East, getting entangled with Israel, I think it's extremely short-sighted.
00:19:05.140And I think perhaps the original sin, I think, to go sort of Mearsheimer-esque, right, in the concept of offshore balancing, this is not offshore balancing, right?
00:19:13.540The idea that we share the same priorities as foreign countries like Israel, like Ukraine, take your pick.
00:19:19.360Like, there's some convergence, there's some synergy, but it's not 100%.
00:19:23.880And I think that's sort of the original sin of the neocon ideology, right, that there is just absolute glutafinity there.
00:19:29.460Our existential threat is the Chinese Communist Party.
00:19:50.960By the way, I'm trying to get Tom Fitton to start the show tomorrow, and Tom Fitton talk about his lawsuit.
00:19:56.260And what I think one of the things that has to happen, the Justice Department has to go in to the court and ask for the complete turnover, opening up of all the files and turning over of all the evidence.
00:21:59.780I can't believe I even have to say it, of things like Patriot, you know, defense systems, missiles, drones, you name it.
00:22:06.140And it's truly absurd, I think, to the sort of corollary to a lot of this trade war stuff.
00:22:12.340We do retain a sizably significant, you know, upper hand when it comes to the semiconductors and the chips and the sort of AI technology as compared to China.
00:22:23.100But one of the sort of underreported, which I think follows Hugo's reportings, sort of giveaways that the United States has engaged with the Chinese Communist Party is granting them previously unknown access to a lot of United States chip technology,
00:22:41.000particularly the super advanced kind of in the semiconductor space, in addition to COMAC, which is one of the state-owned enterprises working not just on military civil fusion type aircraft,
00:22:53.200but straight up, you know, Chinese, you know, PLA, whether it's PLARF, the rocket force or army military stuff, but actual technologies,
00:23:00.500but sending them the technology for our jet engines, which I don't think is necessarily a good idea to be sending overseas, let alone to the Chinese Communist Party.
00:23:14.300I think when you look at us getting dragged into another forever war, the prime beneficiary of that would be the Chinese Communist Party.
00:23:21.640And I think, too, right, you talk about a trillion-dollar defense budget.
00:23:25.080Obviously, you and I don't support that.
00:23:27.460But if you, you know, steel man the argument, right, that we're going to be imminently at war against China,
00:23:33.000then we should be allocating that trillion-dollar defense budget not to help some weird pipe dream of democracy enthusiasts in Ukraine,
00:23:41.920but to be getting the United States ready for war, right?
00:23:44.980Not having Indopaycom headquartered in Hawaii, where when you have the PRC concurrently investing intensely in deep-sea, you know, undersea cable cutters,
00:23:54.160where all you'd have to do is cut that or maybe drop, you know, do some sort of EMP attack,
00:23:58.220and suddenly you have no command and control.
00:24:01.580That's what we should be investing in if we want to start spending trillions of dollars, right,
00:24:05.720not giving Ukraine who knows whatever else they want.
00:24:08.900So it's just happy talk, and it's more of what we're used to, and it's disheartening.
00:24:15.880And if I could just make one more point, I think we talked about this with sort of the WMD comparison,
00:24:21.600Iraq to Iran, the lies about what was going on there.
00:24:24.840But I think we see that with the Epstein documents now, too.
00:24:28.440For all this talk and hype of new media, you know, having a seat in the briefing room,
00:24:33.180I remember I took a barrage of, what, months of weird attacks on myself for being there.
00:24:37.360It's a real shame to not see other new media outlets holding the line, right?
00:24:42.800I thought that was why we were all there, to hold them to account for our audiences,
00:24:46.900not to shill for the administration when they're not following through on what they promised.
00:24:53.140So, again, I voted for President Trump.
00:24:56.340We support President Trump, obviously.
00:24:58.340But I don't think we can let the movement be cheapened on very core principles
00:25:01.900and be distracted by just a press conference about how we're now going to ban foreign ownership of Chinese farmland.
00:25:43.040I don't think we all have to pretend like we know what's going on all the time.
00:25:45.660But I just know this audience elected President Trump to release the truth about a host of things.
00:25:52.120And I thought that the Epstein files were going to be a day one thing that's pretty easy compared to the USAID nest of vipers you have going on there,
00:26:01.660everything that's going on at the Pentagon.
00:26:03.240I would think the Epstein list would be pretty simple.
00:26:06.880But I guess when it's involved, probably likely with foreign intelligence operations that we're actively arming,
00:27:10.740This July, there is a global summit of BRICS nations in Rio de Janeiro, the block of emerging superpowers, including China, Russia, India, and Persia, are meeting with the goal of displacing the United States dollar as the global currency.
00:27:33.540As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease, bringing down the value of the dollar in your savings.
00:27:41.680While this transition won't not happen overnight, but trust me, it's going to start in Rio.
00:27:47.600The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality.
00:27:58.420Learn if diversifying your savings into gold is right for you.
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00:30:12.100A former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets,
00:30:18.700Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:30:27.400Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:30:35.800His latest book, Money GPT, exposes how AI is setting the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.
00:30:47.360Right now, War Room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:30:53.520This is Jim's flagship financial newsletter, Strategic Intelligence.
00:35:01.340We got here because administrations in charge over 12 of the last 16 years, Obama, Biden specifically,
00:35:08.900used the EPA to deconstruct coal power generation as a generation choice in the United States by intentionally,
00:35:17.420and their DOE said this under both administrations, making it too expensive to operate further
00:35:22.260with too much regulatory overhang that made those plants impossible to financially make it based on a theory of CO2.
00:35:30.020So we deconstructed in that 16-year period something like 130,000 megawatts of baseload all-the-time coal plants
00:35:37.300based on the way that they prosecuted overreach through the EPA, which now, thank God, we've got our hands on,
00:35:45.220and in pushing very strongly for incentivization of low capacity, low energy, very part-time, highly intermittent wind and solar power over that same time period.
00:35:58.580Okay, but hang on, over that 12-year period.
00:36:01.600The point I want to make, they knew mathematically, given the physical, the laws of physical manifestation,