On today's show, Stephen K. Bannon talks about President Trump's trip to the Eccles Building, what it means for the economy and the dollar, and what it says about the Federal Reserve. He also talks about the Dow and S&P 500 hitting new all-time highs, and gives his thoughts on the latest in gold and other precious metals.
00:01:19.520One thing I will tell you, the difference between $3.1 billion and $1.8 billion, and that's in apples to apples, if you take out the quote-unquote third building or wherever, it's $1.4 to $2.5.
00:01:31.200This came from Pulte, I think, in the gaggle that happened afterwards with Russ Vogt.
00:01:38.240Federal Reserve Chair should know if the president of the United States is going to come over, you at least ought to have a handle on the math.
00:01:43.080And I think those kind of numbers are mind-boggling on a percentage basis.
00:01:47.600And I would say that that shows a sloppy management team.
00:01:53.100They've got way too many people at the Fed.
00:01:54.740I don't even know why they have a Fed.
00:01:56.920I also don't understand why the broker, dealer, the banks own the Fed.
00:02:01.560And they say, well, it's this kind of, you know, it's this kind of theoretical ownership.
00:02:05.140Okay, let's put the theoretical ownership and divide those shares up to the American people, particularly the New York Fed, which is the trading desk of the Federal Reserve.
00:02:15.580Anyway, the discussion really is about interest rates, and Fishback had a really amazing analysis.
00:02:22.220We're going to have Philip Patrick on tomorrow, and hopefully get Fishback back in the next couple of days and go through this,
00:02:30.320because interest rates, as they're saying, at 25-year highs need to be cut.
00:02:34.640President Trump is adamant about this, adamant about it.
00:02:39.020David Malpass is also going to join us tomorrow, former head of the World Bank and Undersecretary of Treasury.
00:02:45.580For international, Birch Gold, I want to thank our sponsors, Birch Gold.
00:02:50.640Right now, Philip Patrick and the team, Gold's had a, what had been 40% up over the last year or two.
00:02:58.080Understand why it's a hedge, particularly the situation with the dollar, as the world tries to go through a de-dollarization movement.
00:03:05.420President Trump, not too happy about that, slapped a big tariff on Brazil.
00:03:10.800I think 30% of that is because of Bolsonaro.
00:03:12.900The other 20% I think is because Lula talked a lot of smack down there during the BRICS conference
00:03:18.280and tried to get cute about how to get around the dollar as the prime reserve currency by doing these bilateral deals.
00:03:25.420Birchgold.com, enter the dollar empire, you get it, slash Bannon, Birchgold.com, slash Bannon, enter the dollar empire.
00:03:32.620Seven installments now, all free, used in university, college courses today, totally accessible.
00:03:39.660The eighth one we're working on, we've got a bunch of announcements with Birch Gold after Labor Day of what's going to be happening.
00:03:45.900Got a lot going on, a lot of activity with those folks.
00:03:48.500Birch Gold, but understand, we're trying to teach you not the price of gold, but how the price of gold is determined by the convergence of forces.
00:03:58.040This is, we're not giving you a fish, we're trying to teach you how to fish.
00:04:02.600Let's get such great feedback when you go to these conferences, people come up and say they love it.
00:04:06.260Also, as you can tell from the budget gap, you had Russ there, right there, and we're asking for rescissions.
00:04:12.280Where are the rescissions, the pocket rescissions, the impoundments?
00:04:15.740The House has left today, they ain't back until after Labor Day, Senate's getting ready to get out of town.
00:04:22.660If we can put up that, there was a tweet out by Tom Massey, I think Denver's got that, and said,
00:04:29.360remember, this is about the, this is about the people being confirmed.
00:05:06.060It's going to be, you know, kind of every couple of days.
00:05:08.620So I think that looks at like they're not going to have the availability.
00:05:13.920We're going to get more details to talk about that tomorrow.
00:05:15.880You've got to get these confirmations done.
00:05:18.360Even if you do these pocket confirmations, they're good for a year, right?
00:05:25.420They're good for a year while you go through the normal process.
00:05:27.860And right now, because the Democrats are filibustering everybody, it's impossible to get this done.
00:05:32.940If President Trump needs his team protecting these U.S. attorneys and more drama coming out of New Jersey, Alina Haba has got a tweet up.
00:05:42.220I mean, she and Pam Bondi are dug in this thing with these judges, a big old fight there.
00:05:46.740I think Mike Davis, we can track him down, get up a couple of other big rulings in today, not just the TRO on the – and that would be monumental.
00:05:54.440If you opened up the Federal Reserve and actually we could see what goes on behind closed doors, I think it would be very illuminating.
00:06:02.280So Tax Network USA, as you know, the IRS, if they say you owe them money, you just can't say they're going, oh, no, I don't.
00:06:12.760Okay, if you've got a letter, if you've missed filing, if you're late filing, Tax Network USA, TNUSA has solved a billion dollars worth of people's tax problems.
00:06:55.900Headline, DOJ has productive meeting with Epstein associate Ghislaine Maxwell.
00:07:05.020Jeffrey Epstein's imprisoned former associate Ghislaine Maxwell met with top Justice Department official for nearly five hours, her attorney said,
00:07:14.180answering every question in a, quote, very productive day, unquote.
00:07:18.940The meeting in downtown Tallahassee, not far from the low-security federal prison, where Maxwell is serving a 20-year sentence for sex trafficking and comes into the Trump administration trying to mitigate the political fallout over its handling of the case.
00:07:32.020Her attorney, David Marcus, said he took a—that Todd Blanche was there, the deputy attorney general, and I want to give a quote.
00:07:39.120He took a full day and asked a lot of questions.
00:07:41.620She answered all the questions truthfully, honestly, and to the best of her ability.
00:07:47.600I'm sure we'll hear more about that this evening, and we will be on top of it.
00:07:51.720The Tulsi-Gabbard situation, the media is coming hard.
00:07:54.900What I've asked our crack team to do is do a little cold open.
00:08:16.300The director of national intelligence, Tulsi Gabbard, releasing a bombshell report today that shows a conspiracy by a sitting president, Barack Obama, and his intel agencies to sabotage the president-elect, Donald Trump, brainwash the electorate, and undermine the legitimacy of an election.
00:08:32.760There is irrefutable evidence that detail how President Obama and his national security team directed the creation of an intelligence community assessment that they knew was false.
00:08:45.640They knew it would promote this contrived narrative that Russia interfered in the 2016 election to help President Trump win, selling it to the American people as though it were true.
00:09:26.320Barack Obama wasn't satisfied with his intelligence reporting and ordered his CIA director to create a new assessment of how Russia interfered with the election.
00:09:39.240John Brennan handpicked five CIA analysts to write the assessment, and they were siloed.
00:09:45.720None of them knew what the other was doing.
00:09:47.460And only one analyst was in charge of drafting this report.
00:09:51.920There was nothing routine about this, and it was a rush job to publish before Trump was sworn in.
00:09:57.920Nothing was coordinated with the other intelligence agencies either.
00:10:01.920Basically, this was home cooking for Barack Obama.
00:10:05.280There were four key elements from the assessment that were repeated over and over again and formed the basis of the Russia hoax and the Robert Mueller witch hunt.
00:10:14.240One, that Vladimir Putin wanted Donald Trump to win.
00:10:18.660Two, Putin took action to help Trump win.
00:10:22.300Three, the Russians had blackmail on Trump.
00:18:48.640And it's time for people to pay the price.
00:18:50.940Well, they keep saying these things, making these allegations that are without foundation at all and claiming that there was this vast conspiracy that we were, in fact, deceiving the American people and engaged in this coup.
00:19:02.640And so, therefore, again, it's very clear in my mind that there's a political motivation for this.
00:19:08.000And, unfortunately, it's an insult to the intelligence profession because there were so many people who worked on this intelligence community assessment that was done to make sure that people understood exactly what the Russians did in 2016 and what they were capable of doing in the future, which is why President Obama asked us to put this together.
00:19:27.680I didn't write that report, nor did Jim Clapper.
00:19:30.820We had the experts, those who are steeped in understanding Russia, understanding exactly their capabilities, what they do on the covert influence front and other things.
00:19:40.980And so, therefore, again, I feel very confident that if people take a look at this, and I wish Tulsi Gabbard and John Ratcliffe would read the assessment.
00:19:49.520Tulsi Gabbard, you know, she may be impaired on the ethics front, certainly, but she's not impaired on the intellect front.
00:19:55.660And so I can only presume that she is doing this intentionally, intentionally mischaracterizing, misrepresenting, and lying about what she has found.
00:20:06.040I want to give a hat tip to Jesse Waters and his team.
00:20:11.100That was, I think, as crisp as you could possibly do, and I think it's great.
00:20:15.060For the War Room Posse, we have to be a force multiplier on this.
00:20:18.980We're now engaged in information warfare, mortal combat.
00:20:49.940This is why it's incumbent upon the Department of Justice, which announced the strike force last night, and the FBI, to move with alacrity, to move with urgency.
00:21:03.980Again, what you have to do is take these clips, take what we're putting out, take what Jesse Waters, others are putting out, the Jack Posobiec, the Charlie Kirks.
00:21:13.020Now more than ever, you have to be a force multiplier.
00:21:16.200We have to flood the zone with this content.
00:21:19.640More and more Americans have to wake up to the fact of what happened, and we're going to have humongous, huge pushback on this, blowback on this.
00:21:29.620They're dismissing it, but they've already engaged, right?
00:21:32.920Obama the other day, and this was stunning to me, on the very first day that President Trump came out, and I think they appreciated and respected the fact of what Trump had done, like I said, in the Oval Office with a head of state right there from Asia.
00:21:49.880So every Asia TV is tuned to this, the Philippines, on an important topic, which is stopping the Chinese Communist Party in the South China Sea, and on global television, because you had every reporter there, and President Trump took every question, and then went on that magnificent, and we played it in its entirety, I think it was nine minutes long.
00:22:09.460Off the top of his head, off the top of his head, all the details, he knows this very deeply, not just the way he was there, it's kind of burned in his soul what happened here.
00:22:19.160Tulsi Gabbard then, the other day, came down to the press briefing room, which I think was a stroke of genius, and we need that every couple of days, particularly in August when the House and the Senate leave.
00:22:34.660Even the President may not be there, we need every couple of days to be dropping new information, new and fresh information, but most importantly, we have to, we have to make sure that the law enforcement part of this apparatus, not the intelligence, the intelligence is giving you, and there's more to come.
00:22:53.880My understanding from very senior sources that whistleblowers are coming out of the woodwork like nobody's business, people that have been offended about why this happened for years and years and years, but were afraid for their jobs, afraid for their careers.
00:23:06.500Okay, if we can put the media, I'm going to come back to this, but I want to take it in a slightly different direction.
00:23:13.500Mediaite had a lead story, one of the lead stories today, was about Karl Rove, Wall Street Journal, coming, and do we have that clip of the Wall Street Journal?
00:23:22.120I think I told you, the Wall Street Journal, I remember I told you on MSNBC to cut the guy talking about the Wall Street Journal, did we cut that?
00:23:30.900Okay, fine, let me know if you've got it, about the Wall Street Journal going after Trump.
00:23:37.980We're producing while we're hosting the show.
00:23:41.960Karl Rove and the Wall Street Journal, and the Wall Street Journal is on a jihad against President Trump.
00:23:48.480So today, the political price of conspiracy shows up in their op-ed section by Karl Rove.
00:23:57.260Do we have the clip of the Wall Street Journal?
00:24:20.300I tell you what, let's play this clip from MSNBC this afternoon on the Wall Street Journal, targeting President Trump, and then we're going to come back to Karl Rove's op-ed.
00:24:28.360You know, the Wall Street Journal has had not one, but two really good blockbuster stories on this matter over the last 10 days or so.
00:24:38.420And what we've seen from some on the right is just this intentional vicious attack to undermine their reporting.
00:24:43.800Chris, I just want to understand, based on somebody who has run an office at the Justice Department,
00:24:48.740I just want to underscore how well-connected and well-sourced the Wall Street Journal is at Main Justice and throughout the FBI.
00:24:56.460And I give you a data point, when Attorney General Garland decided that he was going to appoint a special counsel to investigate Donald Trump,
00:25:06.860the Wall Street Journal scooped at that story on the morning of that announcement.
00:25:12.040And, you know, I was running the Office of the Public of Paris.
00:25:21.740And also, I didn't also lie to the Journal or to the American people like the White House and like the Trump administration is doing now.
00:25:31.340And that, I think, is what we are saying, you know, how his numbers are going down with his base, because they cannot trust what he's saying.
00:25:40.480Donald Trump continues and his people continue to play his base in the American people for fools,
00:25:45.640because they're not just telling the truth and shooting straight with people.
00:25:49.040So this trip, trip, trip is what's causing them to not really be able to turn the page and try to get on with the business of governing the country.
00:25:57.960Again, I just want to repeat the breaking news for those who may have joined late.
00:26:01.600We now can confirm that the Deputy Attorney General of the United States, Todd Blanche, is in Tallahassee, Florida, in the U.S. Attorney's Office.
00:26:09.600And he is speaking with convicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell in a meeting that could go through the day.
00:26:20.500She answered every question, according to her lawyer.
00:26:23.020We're going to take a short break, get back into this.
00:26:25.140You see, the Wall Street Journal, and today they give the analysis piece, where Karl Rove is saying that the problem is the war room posse in the MAGA base,
00:26:35.820that were tinfoil hat, on the stolen election of 2020, on the pandemic, on the COVID vaccine, on J6, on the deep state,
00:26:51.060what's happening with the state, with the Russia hoax, all of it.
00:26:56.400And they say that this treasonous conspiracy is going to get things off kilter.
00:27:00.840Murdoch wants it shut down immediately.
00:27:03.980Short commercial break, back in a moment.
00:27:05.820This July, there is a global summit of BRICS nations in Rio de Janeiro.
00:27:16.720The block of emerging superpowers, including China, Russia, India, and Persia,
00:27:22.360are meeting with the goal of displacing the United States dollar as the global currency.
00:27:30.320As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease,
00:27:35.340bringing down the value of the dollar in your savings.
00:27:38.940While this transition won't not happen overnight, but trust me, it's going to start in Rio.
00:27:45.340The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards an inevitable reality.
00:27:55.600Learn if diversifying your savings into gold is right for you.
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00:32:33.100The Justice Department, the FBI, and this is what we heard last night.
00:32:37.260John Solomon walked us through what the process would be to pull together a task force that had the best of the best, and they would quickly go through this.
00:32:45.700And, of course, last night John Solomon said it might take a week or two to do that.
00:32:49.940And voila, what happened is this took, in fact, last night they called it, from justice.