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Bannon`s War Room
Episode 4133: Fall Of World Governments
Episode 4133: Fall Of World Governments ...
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- [00:00]
Stephen K. Bannon
Of event in terms of the politics of Canada and as I've said, mirrors.
- [00:04]
Ben Harnwell
Something to some extent we see in.
- [00:06]
Stephen K. Bannon
Germany and South Korea as well in terms of the Trump effect. What is behind this rift then within the heart of politics in Canada?
- [00:14]
Christia Freeland
Yeah, you're absolutely right that Donald Trump is also looming over this situation. We know there's been tensions between finance minister, former finance Minister Freeland's office and Justin Trudeau that was bubbling last week, really erupted on Monday. And a really kind of devastating day for Trudeau's government with resignation letter in which she accused the government of going after expensive political gimmicks to help bolster the economy ahead of the Trump presidency that begins next month. Canada, of course, bracing for the potential of 25% tariffs on their exports to the United States. That has become a big focus of Trudeau's government, how to deal with that. But also the government has wanted to boost its popularity a little bit. That's at the core of Freeland's accusations. They've instituted a sale tax holiday. There was talk about mailing Canadians $250 Canadian dollar checks. And this all comes after the government reported a real blowout deficit number of over 60 billion Canadian dollars and the fiscal year ended March that was more than the 40 billion more or less that was projected or promised by the government. So a tough fiscal situation there turning into a very difficult political situation for Justin Trudeau.
- [01:32]
Stephen K. Bannon
Well, on that point, is Trudeau under threat at this point, Bill?
- [01:37]
Christia Freeland
Well, he certainly is under threat. It's definitely a low point. We believe the government wanted to look for elections maybe second half late next year. This may force them to bring it forward. There's increasing calls from members of his own party that he step aside, in addition to calls from the opposition. The next few weeks will be a critical part of that. We'll see if he's forced into calling those elections. His party still is the biggest bloc in the House of Commons, but they do not have a majority.
- [02:08]
Jim Rickards
We are also, though, following breaking news out of Berlin at this hour, where German Chancellor Olaf Scholz has just lost a confidence vote, a vote, of course, that he called for. And that move now paves the way for elections in February. We have live pictures for you of the Bundestag in Berlin. President Frank Walter Steinmeier can now move, of course, to dissolve the legislature and then formally declare the already agreed upon election date of February 23rd. All of this coming after Germany's governing coalition collapsed last month. CNN's Sebastian Shukla is tracking the story, joining us now live with the developments from Berlin. So not a totally unexpected outcome, but just walk us through what happens now, if you would.
- [02:46]
Sebastian Shukla
Yeah, Erica, I'm still in the belly of the Bundestag here. Actually, in the room just behind me is where the vote recently took its conclusion. What I have for you here is the outcome of the votes, which is Scholz lost this vote of confidence in himself. The semantics around it are important by 394 votes against him to 207 in favor of him. So that's a sizable number who have said that, look, this country needs to adopt a new chancellor and needs to embark on trying to form a new coalition government. As you said, the process around this now is that Scholz will head to the President's residence, where he will then go and ask to formally dissolve parliament. But the way that this whole process, including the buildup to getting to this day, the vote of confidence has been very regimented and controlled by the parties have already, already informally agreed when that election is going to be, and it will be on 23rd February. Technically, the President has 21 days to decide on the day, but it is almost a foregone conclusion. And Erica, the foregone conclusion is also being echoed by what was said in that chamber earlier today. I want you to take a listen to what Olaf, Chancellor Olaf Scholz, the Chancellor, had to say when he was on his feet in there earlier. Democracy requires parties to compete against each other with different proposals, as we will do in the upcoming campaign. But democracy also requires all those who believe in it to be prepared to work together for the good of the country after an election, to build bridges, to forge compromises. This is not possible without moral maturity, without decency and seriousness. It is only possible with a sense of responsibility for our entire country, for all our citizen citizens. And so you can hear there, okay.
- [04:46]
Stephen K. Bannon
I want to make sure. Okay, I want to make sure you heard it right there with the guy with the head of Germany was there. It's always when they're getting their ass kicked and finally getting run out, it's always, you know, we got to really work together. There's always got to be compromise and unity. That's all they're talking about on msn. We've got to have unity, compromise, bring the country together. Hey, how about this? To quote Obama, elections have consequences. We won, you lost, you got your ass kicked because you didn't take care of working class and middle class people for decades and decades and decades. We got nothing to compromise about. Nothing. All gas, no Break all pedal, no break. It's not a time to unify. It's a time to seize the institutions and secure our victory up on Capitol Hill. That little worm right now, do we have the Johnson thing? This little worm is sitting there going, you know, up until like a day or two ago, it was really as a skinny cr. But some things evolved. Yeah, like sitting down with Hakeem Jeffries and getting, and getting slapped upside the head. Because he owns you in the Senate. Owns you. If you had a fearless speaker, and this is leadership too, don't think Scalise and these other guys get off the hook here. Where's the leadership? How did you not know it? Why wasn't Scalise running the microphone? Why wasn't Jordan running the microphone? You're telling me you allowed him and just that inner circle of McCarthy advisors to do this? This is how we got in the situation. McCarthy got turfed out as speaker because of the debt deal. The debt deal that comes, that comes off on the 3rd of January that Trump's going to inherit now that you put another, I don't know, $5 trillion of more debt. Here's the thing. I got a lot of feedback yesterday, positive feedback. Where did the frickin money go? Look around your hometown, look around the Midwest, look around inner city Baltimore, look at inner city Chicago, look up at areas of New York City, the Bronx. Let's look at, let's look at out in the barrio in LA. Let's look around the country. Where did the 36 and a half trillion go? And where's the, where's the 40 trillion? We got debt. And by the way, we spent hundreds of trillions to get there. Because remember, you had four or five trillion dollars coming in a year in revenue to offset it. I'm just talking about the, I'm just talking about the gap. Where did the money go? Have you seen it in your neighborhood? Are you sitting there and it looks like paradise? Right? You got great jobs, huge opportunities, high value added manufacturing jobs, little industries built around it, service business, coffee shops, bodegas, little boutiques where people selling stuff for those small things, people like in life. You see that, uh, where'd the money go? Tell you look at the valuation of the stock market. Look at the concentration of wealth. It went to the oligarchs. It's a game set up by the oligarchs that they win. You're seeing it again here. Now, why are we going to make a big deal about this and why are we going to have a fight right Here before Christmas when we should be in the Christmas spirit. We're here in Advent and should be in the Christmas spirit because this portends the future. This is when Trump gets in. And we're in the firestorm because you just sit there, you heard it. We played the thing from last night with Rachel, Matt, ACLU guys, we're waiting. We're waiting. We're holding, we're holding our fire for when the deportations come. We're going to have the cameras everywhere and that's. We're going to flip the nation on Trump. We're waiting. We're lying in wait. They're lying in wait with all of it. With all of it. And you got Jason Smith and those guys. Hey, Jason, here's Ways and Means. I got just a question. Here's simple to cut. Why do you need all this time to do that if you're going to just cut no tax on Social Security, no tax on overtime, no tax on tips. And hell, throw Josh Hawley's child credit in there, throw that in there too, for folks so that we have more kids. And you know, we can kind of also toss that in there. How long does that. I think Jason Smith, we can type that up this afternoon, slap a tax increase on all the wealthy, all the corporations, all the billionaires take off carried interest, all the scams and games they play to line their own pockets. We could take an hour, just all the transfer of money over the NGOs, all these games they play. We could take another hour of that. So it's 20 minutes, right, the populace and an hour to mark up the thing on wealthy. That's an hour and a half. Let's just get it up. One can say, hey, I'll do that. Let's just take that on 20th. No. Why does it take so long? Because they're at the trough, these lobbyists, they're in to get every tax break in the world for the corporations. You don't believe me? We have four and a half trillion dollars of proceeds, tariffs, fees, personal taxes, all taxes. Four and a half trillion. Roughly. Four and a half trillion. How, what's, how much corporate tax is it? How much corporate tax? When I ask this question, oh, at least 50%, maybe 60%. You would be incorrect. It's about $500 billion. Oh, you can't raise taxes on corporations. Well, look, all they've done since the 2008 crash is take $200 billion in tax they got. And what they did, they instead of putting in plant and equipment and capital equipment here in The United States to build high value added manufacturing jobs. You know what they did? They did stock repurchases, stock buybacks, game the system so the stock price goes up, boom. Their warrant packages are worth a lot of money. They blow out of there and it's, it's, I'll see you later, alligator. I'm just giving you the math. 500 billion total corporate taxes. 500 billion, that's it. Unbelievable. Governments are falling all over for the same reason it's called they're too leveraged. They got too big a deficits, they can't finance it. They got a cut and now the knives are coming out. Ben Harnwell from Rome, give me your assessment. I got the Jim Rickards on deck. What do you got for me, Ben?
- [11:36]
Ben Harnwell
Well, with regards to Europe, Steve, my takeaway is it's absolutely astonishing how the world's mainstream media is looking at these events and failing to even attempt to draw the lines. You can always get a sense of deja vu reading the newspapers. You're seeing the same sort of headlines describing the same situations and none of the world's foreign correspondents are saying, hang on, basically this all seems to be the same thing. Let's see if we can unpack this. Looking at Germany, looking at France as well, these two countries extremely closely related. The German situation now they're going to have, with all due respect to what CNN was saying earlier on this, losing the vote of confidence was actually what Olaf Scholz, the German Chancellor, wanted because there was no other constitutional mechanism to go to early elections other than losing his vote. That was very much part of his design. But you're looking at the two parties in Germany, the Social Democrats and the Christian Democrats, and they're both trying to out compete one another to see which party can more autistically ignore the German people. The Social Democrats have basically continued Angela Merkel's policy, who was a Christian Democrat. They've continued her policy with regards to immigration, which is massively unpopular in Germany. The Christian Democrats, Friedrich Mertz, Merkel's successor, is saying, okay, no, no, we're going to tighten up on immigration, but we're going to be even more gung ho on Ukraine than Olaf Schultz was. He's very much, I think if you, if the war impossible wants to put him in a category, he's very much, I think, like George Maloney on so many different fronts, this guy. This is why the real development in Germany isn't happening between the centre left or the center right. This was happening with the AfD. Now they are projected to go at the next elections on February 23rd, about 10.3% where they've got about 83 seats up to about 18 points. At the next election they can have an 8 point jump and they're projected to pick up around 30 or so seats. That I think is the real movement. What's happening in Germany just to quickly say to France, and my big point is on Ukraine and I don't want to cut into too much what Jim Rickard is going to say here on tying the European developments together. But looking at France, here's how you know the mainstream media is lying to you. The whole frame when their government fell three weeks ago, the whole frame was, you know, well, these 3 billion worth of tax cuts, tax increases, I should say on electricity bills. They're very unpopular with the French people. Steve, nobody mentioned whatsoever that however unpopular 3 billion worth is on electricity bills. Macron had given 7.5 billion euros to Ukraine. And no one is drawing the line between cause and effect.
- [14:31]
Stephen K. Bannon
Well, the voters will hang on for a second. We'll take a short commercial break. Jim Rickards is going to join us on the other side. Home title like 90% or 80% of your net worth is tied up in your castle. Make sure the government's already putting a second on it. Theoretically, don't have some hard money lender do it to you. Make sure hometitleock.com Banner. Go check it out today. Short break. Jim Rickards on the other side, America's home. Big victory on the 5th of November. Now the work can finally start on the big issues facing the country. One of the biggest is the national debt and the deficits that drive it. Hey, you think the country's broke? The country is broke. We're just printing money to keep this house of cards going. The strategy remains the same for you. You got to diversify, diversify your savings. That's why buy gold from Birchgold. So many things are out of your control, out of the president's control. It's important to have a safe haven for your savings. Birch Gold Group, my gold company will help you convert an IRA or 401k into an IRA into physical gold. Let me repeat that. Convert your IRA or 401k into an IRA in physical gold. And the best news, it doesn't cost you a penny. Text BAN into 989-898. Get your free info kit. Plus right now through Black Friday, you receive a free 1 ounce Silver Eagle for every $5,000 you purchase. Let me repeat that, a free 1 ounce Silver Eagle for every $5,000 purchased. Protect your savings with Birch Gold. Text Bannon to 989-898 and claim your eligibility for your free silver today.
- [16:20]
Mike Lindell
Who's your host?
- [16:21]
Stephen K. Bannon
Stephen K. Bannon. Okay, folks, bringing in Jim Rickards, who's one of the world's specialists in the area. But as sure as the turning of the earth, what you're seeing happen in these other, you know, the fall of the of the French government and running the parliament for the first time since 1962, Germany. And yes, he wants an earlier election, but they're crumbling in Canada. He's about to get turfed out. You're seeing this all over the world. Now in South Korea, it's a slightly different reason, but basically we're heading towards a margin call on out of control on these legislatures or parliaments that didn't have controls of their executive branches that spent an enormous amount of money and nobody knows where the money went. Where'd it go? Is it in plant and equipment? Is it making people's lives better? Is it creating high value added jobs? The answer to that, you answer it. Don't look to me. You answer it. Look around. Jim Rickards, we've got you in here today to make sense of this madness because it's coming to the United States. You're going to have in the next 48 hours a total firefight on Capitol Hill where virtually no Republicans, unless it's people that have to because of the hurricanes or the floods or whatever, they have the packages in there to help people that their constituents need that money. Other than that, virtually every Republican is going to fight this. You're going to have Democrats. So once again, Johnson is going to prove that he's just a speaker for the Democrats. It's going to be a firefight on something. That should be the and this is the easy one, ladies and gentlemen. This is the easiest one. We're going to do a skinny cr. This is so elemental, so easy. This is nothing compared to what's coming after President Trump takes the oath of office. That's when we're playing Major League baseball and not coach pitch. Jim rickards.
- [18:22]
Jim Rickards
Well, Steve, that was a great reel you had on kind of governments flowing around the world. And Ben had a really good update on Germany. That could have been twice as long. No, In Romania, I would say mildly pro Russian or at least wants to talk to Russia. Candidate won a free and fair election. He was going to be the next president of Romania. And the Supreme Court of Romania invalidated the election and said, sir, you have to take it, you have to do it over again. In other words, we're supposed to be fighting for democracy in Ukraine. That's a joke. Zelensky's term ran out last May. He's a military dictator. Right now there is no democracy in Ukraine. But now, as of now, there's no democracy in Romania because they just invalidated the election. Of course we have the situation in Korea, different fact patterns, but your basic notion that governments around the world are falling is correct. I have a little more insight on our friend Christia Freeland. I know her very well. She and I were debate partners. Just tell the story briefly. High profile debate. We spent months talking to each other, preparing, etc. Etc. We go, we, we do the debate. I thought she was a pretty good friend. Like I said, we talked all the time. Well, we lost the debate. Hey, you win some, you lose some. But there was a big gala afterwards and we went and said we go to the bar, have a drink, congratulate our opponents and all that. She turned her back on me. She never spoke to me again. I mean, she was a snake and she still is. And by the way. And she just stuck the knife in Trudeau's back. We saw that yesterday. But here's the thing with Christie. This is being positioned as it's all about the tariff wars, Trump, Trudeau's not tough enough, she'll be tougher, etc. It's really very much about Ukraine. Her grandfather was a Nazi sympathizer in Ukraine in World War II. Probably more than that, but that much is very well documented. She's rabidly pro Ukrainian, shows up at rallies in Ukrainian dress, a total warmonger, very much in the World Economic Forum, orb, if you will. And so part of what she's doing, she's trying to run Trudeau off the road. She wants to be the party leader and ultimately the Prime Minister, but a lot of her motivation is about keeping the war going in Ukraine. So you need to kind of see where that's coming from. And yeah, we mentioned Romania and Germany. I think Ben had it exactly right. The more conservative party, they're is set for major gains. And let's not forget the uk. I mean, what happened there? So Labour has the biggest majority by seats, but they had a worse performance by votes than they did the last time they ran. And the point is, they have a. Let's go first past the post, meaning if you have three candidates, the one who gets the most votes gets the seat, even if it's nowhere near a majority. Well, what happened was reform, which is Nigel Farage and the Tories split the votes in a lot of constituencies. So the labor candidate won. But if you combine reform and the Tories, they got the most votes. So we'll see what happens there. But, you know, we'll leave it to our friend Najah Farage. But some kind of combination between reform and Tories would win the next election. So we keep an eye on that as well. So it's, yeah, the governments are falling all over the place, but it's for the reason you mentioned.
- [21:37]
Stephen K. Bannon
So when she sent, and I agree she's very cunning, but she's smart and tough. In her letter, she said to Trudeau, she says, hey, you're not taking Trump's and, quote, aggressive economic nationalism seriously enough. We've got big deficits and you're presenting a bill that has a bigger deficit. We need to keep our powder dry to basically see what the madman south of the border comes at us with. In that regard, she's quite correct. Right? President Trump has taken a very economic nationalist stance here between Mexico and the United States, between Canada and the United States, and between China and the United States. In that regard, it's these deficits. This is what turfed out the government in France. This is what essentially turfed out. This is what's going to turf us out. You can't run at 6, 7, 8% deficits to GDP. At some point in time, you should get them to zero. But if you can't get them to zero, you at least got to get them under 3%. And nobody's doing that. Nobody's taking the cuts to get there. Jim?
- [22:42]
Jim Rickards
Well, that's right. This is Scott Besson's 333 plan. Deficits at 3% of GDP, growth at 3%, real growth at 3%. But with 2% inflation or 3% inflation, your nominal growth will actually be 5 or 6%. And that's what counts. For debt purposes, real growth accounts for everyday Americans. But if you're trying to manage the debt, debt is nominal and growth is nominal. So if you get 3% deficits and 6% growth or 5% growth, you're growing faster than you're adding more debt and your debt to GDP ratio is going down. You're never going to pay off the national debt. You don't have to. You just have to make it sustainable and have the ability to roll it over. But the way you do that is to grow faster than you're adding debt, which is exactly what Bessin is proposing. It'syou know, this is fifth grade math, but the point is try doing it. And that's the difficult part. But you're right, it's an issue all over the world. But she wants to take a hard line. She wants to fight the trade war. Good luck. I mean, Canada and the U.S. have one of the largest bilateral trading relationships in the world, period. And Canada relies on usmca, us, Mexico, co, Canadian agreement. It's a successor to nafta. It's a better deal for the US But Canada is utterly dependent on that. Canada is a rich country, a very small population, about 30 million and between, you know, in effect, free electricity coming from hydroelectric in Quebec and the oil output from Alberta. Even though they've tried to squash it, they can afford a lot of benefits that other countries can't, but they cannot afford a trade war with the United States. And that's where they're heading and that's where they'll end up with her in charge. But she's playing a deeper game and again has lots to do with trying to hurt Trump, hurt the U.S. economy and support Ukraine.
- [24:30]
Stephen K. Bannon
Let's talk about the three that fell for different reasons. South Korea, Syria and now the Ukraine. You take them in any order you want, but we've got chaos throughout the world that's even above economics. Sir. Dead lose, Jim. Okay, let's go ahead and, let's go ahead and try to reboot him if we can. Jim Rickus, let's bring in, do I have, do I have in Rome, do I have Ben Harnold? Ben, let's talk about, you've got a lot to say about Ukraine. This Ukraine situation is, I think it's got to go to full stop. President Trump has been very magnanimous. He's been talking about, hey, we need to, we need to put down, we need to stop launching laundering missiles. It turns out, believe it or not, folks, President Trump said yesterday press conference he was not consultant, nor was he informed by the White House. This is what I say in the three lines of work, the third World War, the border invasion and now the financial crisis. The financial crisis. It's, you know, they're not even keeping Trump in the loop. In fact, they're doing things to hurt him. Give me your assessment on Ukraine.
- [25:47]
Ben Harnwell
Denver, if you very kindly pull up the article, I am talking from Foreign Policy. This is the one headlined Keep Ukraine out of talks to end its war. This is foreign policy. Right, sir. So for the war in policy, it's not the National Pulse or Gateway pundit or Human events or anything. This is basically along with foreign affairs, these two magazines. This is, if you read these magazines, you're basically hearing the international rules based order talking amongst itself. Thanks very much Denver. And here for the first time is an article written by Anatol Leven, who's the director of the Eurasia Program at the Quincy Institute of Responsible Statecraft. But he's basically saying this is the first time I have seen, seen in three years of following this Ukraine war, the mainstream media, the idea that Zelensky himself is an obstacle to peace. Now obviously for the war, impossible. We know this. What's the news flash here? But it is interesting to see now that in an organ, in a magazine of this degree of responsibility of authority, the argument is being made that Zelensky needs to be sidelined. Specifically, Steve, I have to bring on the show this. Those folks who follow me on Getter will know that I am pushing again and again and again this issue about the security guarantees. This is something for example, General Kellogg has been pushing as one of the options for President Trump's consideration to negotiate.
- [27:29]
Stephen K. Bannon
No, no, hang on, hang on, hang on, hang on. We can't, we can't give security guarantees. We can't give security guarantees with American troops in Ukraine. Impossible. We can't give security guarantees in Syria. Ben, just hang on for one second. I'll bring you back after the break. Burchgold.com into the dollar empire. Modern monetary theory is our new installment. Make sure you sign up and get it today. If you can't get to the dot com, just take your phone out Bannon at 98989 just text it. Get all the free information about IRAS 401ks, all of it from the specialist Philip Patrick and the team at Birch Gold. Jim Rickards, Ben Harnwell with me after a short commercial break. It's obvious the unthinkable continues. Most Americans know something is very, very wrong. The people in charge keep telling you that everything's fine and to stop noticing, but you know better. That's why self reliant folks are investing in emergency food storage. And you should too. My patron Supply, the nation's largest emergency preparedness company are the ones you can trust. Go to mypatronsupply.com and secure their best selling 3 month emergency food kits. Each contains tasty breakfasts, lunches and dinners averaging over 2000 calories per day. My Patriot Supply also sells solar generators, gravity powered water filters, off grid room heaters for when the power goes out. They also sell heirloom seeds and survival gear order by 3pm and your items shipped that same day and arrive quickly on your doorstep in unmarked boxes. Go to mypatronsupply.com today Hope is not a plan. My Patriot supply is a plan. Time is running out to prepare for what's coming. Mypatriotsupply.com go there today. Action, action, action. Here's your host, Stephen K. Bann. Okay, today at 1:00. It's totally free as is all our content. Grace will put this up on all of our different platforms. There's going to be a community on the present danger, China chaired by Frank Gaffney. Today a web our treacherous transition. This goes through everything the Xi Biden are doing on the transition. You're going to have Ben Berquam's going to be there captain the great captain James Fennell, George Raskley, Dave Walsh, Peter McIlvant, Colonel Rob Manus and many, many others are going to be talk about in detail. You don't want to miss this committee on the present danger. I think it's the last webinar of the year starts at 1pm will be on all of our different distribution platforms. Check with Grace Chong to find out where. Jim Rickards, by the way, I guess spend a lot more time on the geopolitics of this. So I've asked Ben Harnwell to get ready. He's going to join me in the 6 o'clock show tonight. Jim Rickards, you know this South Korean thing kind of came this way. Talk about, you know this. You were kind of hung out in the CIA for a few years. I keep saying that the intelligence apparatus is a disaster. Caught by surprise about what's going on in Germany, caught by surprise of what's going on in France, caught by surprise of what's going on in Syria, caught by surprise of what's going on in Romania. Totally caught by surprise what's happening in South Africa. So why first off, what's going on in particular in places like South Korea and in Syria and why is the intelligence apparatus seem like we're at the worst possible, particularly when President Trump and folks are even looking at alternatives of doing bombing runs on the Persians nuclear capabilities? Sir?
- [31:25]
Jim Rickards
Well, you're right about the intelligence community. It's been a long time there. And it's not that they're stupid or incapable, it's that they have a hidden agenda. So they're pursuing their agenda, not what Trump's proposing. We can't get John Radcliffe and Tulsi Gabbard in there fast enough here's the thing with Syria. The notion that you've got these rebels, they took Damascus, they're gonna have set up some government. The Biden White House actually said, why don't we have the UN and have a kind of a convention and get all the groups and come up with a constitution and have. Are you kidding me? There is no government in Syria. That's the point. It's not even, you know, is it Turkish government? Is it, you know, Alawite? Is it these rebels? There is no government in Syria. That's real. Very critical to understand. Turkey's gonna try to run the show, but they're not going to be able to. They're concerned really, with the border, the Kurds, and the extent to which the Kurds have interest inside Turkey. So, yeah, that's a legitimate interest for Turkey, but no one's in charge of Syria right now. Israel's taking what they want, and why not? But I would look for much worse results coming out of Syria because of that complete absence of any government. And ISIS is on the rise again. All the things that Trump got rid of ISIS in a matter of months, actually, after several years of a rise under Obama. But the intelligence community, they're still living with the legacy of Brennan, John Brennan and Hayden to some extent, which is they actually sympathize with Iran. So if you sympathize with Iran, this is the kind of result you get on Ukraine. Just quickly. Biden, what they're doing, if you're familiar with chess moves, this is called a fork. And a fork is when I put my piece in a place and I attack two of your pieces at once. You can save one, but you're going to lose the other. So either way, you lose. So this is what they're doing to Trump right now. There's something called the Ghost Fleet. Russia's exporting oil. They're putting it in tankers not insured in London, whatever. They're working around the sanctions and getting the oil out. Biden just put on sanctions that say the Ghost Fleet cannot call oil on any port, you know, anywhere in the world, etc. They'll keep doing what they're doing. But here's the dilemma for Trump, that's going to raise the price of oil. Russia can do the workaround, but it's going to raise the price of oil. So you dump it in Trump's lap and you say, if Trump removes the sanctions, he'll be a Putin puppet, but if he keeps the sanctions on, they'll blame him for inflation. So That's a fork. You lose either way. The other one has to do with the escalation of the war. We're firing missiles into Russia. Russia. Russia came back with a Russia missile, which basically makes tactical nuclear weapons obsolete. This thing, it doesn't blow things up, it turns them into dust. But everyone would have thought the US Would have got the message that we're continuing to fire ATACMs into Russia. So again, this is going to be dumped on Trump. So now if Trump continues that path, which there just aggressive escalation all along, the Ukrainians are going to lose the war. That's just a matter of time. But Trump will get blamed for it if the war continues. On the other hand, if Trump negotiates something, and why should Russia give up any territory? It's a war. When you win wars, you get to keep stuff. That's what the US Foreign policy establishment doesn't seem to understand. So if Trump negotiates the peace that Putin will insist on, he'll be a Putin puppet. But if he continues the war, he'll get blamed for losing the war. So what Biden's doing is very clever because they're putting Trump in, as I said, the force he has, he has choices, but he's going to lose one way or the other. The solution for that is for Trump to get ahead of it with education. Just say, talk to the American people and say, here's what Biden's doing. It's not in our best interest. We need to get around it. And the third thing, very quickly. You and I talked almost a year ago about stealing the Russian assets. U.S. lawfully owned, U.S. russia's owned U.S. treasury securities. They've been seized by the United States. That happens all the time. But now they've actually been converted into a loan to Ukraine. They've been stolen. And they had a little party in Janet Yellen's office. They got. I don't know if they champagne there, but they were high five. And when they saw the wire transfer go through on the ledger, etc. This is another nail in the coffin of the dollar. I'm not saying the dollar collapses overnight. Actually, the dollar is quite strong right now, except relative to gold. But they're destroying the US Dollar over time with these by stealing these assets. So Biden's doing everything possible to basically burn down the United States, what I call the Viking funeral before Trump gets in. But Trump needs to be alert to it. I'm not sure Waltz and General Kellogg are really quite as attuned to what Biden's actually doing as they should be.
- [36:03]
Stephen K. Bannon
I totally agree with you on that. Jim. Where do people go to get access to all your newsletters? The newsletters are amazing. You got general newsletters that give you overview of geopolitics, capital markets. Then you have specialty plus you have all your writings. Where do folks go?
- [36:20]
Jim Rickards
Thanks, Steve. We have a landing page. It's called rickardswarroom.com rickardswarroom.com that's R I C K A R D S. Rickardswarroom.com you can go there and get our flagship newsletter, Strategic Intelligence. And then beyond that, we have book offers and a lot more. So we hope people enjoy it.
- [36:40]
Stephen K. Bannon
Jim, glad to have you on here. Look forward to having you next week and do an end of your summary. So thank you, sir.
- [36:47]
Jim Rickards
Thanks.
- [36:50]
Stephen K. Bannon
Jim Rickards right there. With the fall of these governments more fiasco. Do we have, do we have Johnson? I want to get back to the cr. We'll be covering this obviously this afternoon and this evening, but this is another complete and total debacle. Let's go ahead and play. I think it's Speaker Johnson at his press conference is going to play it.
- [37:11]
Speaker Johnson
Let me talk briefly about the funding of the government. The CR is coming together. Bipartisan work is ongoing. We're almost there. We worked really hard to achieve consensus on a bill that responsibly funds the government into March of next year. It'll go to March 14, and that date was chosen because it coincides with the calendars of the House and Senate. And it makes sense for us to get the appropriations done. But our aim is to do it early in the year, not wait till March. And all the appropriators and the people on the committees of jurisdiction are already working to do that. We've been working around the clock to get the CR done. It was intended to be, and it was until recent days, a very simple, very clean CR stopgap funding measure to get us into next year when we have unified government under Republican, under the Republican Party. But a couple of intervening things have occurred. We had, as we say, as we describe them, acts of God. We had these massive hurricanes, as you know, in the late fall, Helene and Milton and other disasters. We have to make sure that the Americans that were devastated by these hurricanes get the relief they need. So we are adding to this a disaster relief package and that is critically important. Also important is devastation that is being faced by our farming community. The agriculture sector has really struggled. They've had effectively three lost years and commodity prices are a bit of a mess and you've got input costs that are skyrocketed because of biodynamics. You put all those factors together, droughts and all the other conditions and you have a lot of small family farms and ranches and people who supply the food for the country in dire straits right now. And so Congress recognizes that need. And so we've had to add a little bit to that as well. So what would have been a very skinny, very simple, clean CR has been add these other pieces have been added to it and a couple of things that are related to all that. But I'm not going to get into much more detail because it's almost done. But we do expect text today and we are going to try. Let me answer your question in advance. We are I believe in the 72 hour rule. I said that to all the House Republicans this morning. I believe we ought to try to pass this on a rule to go through regular process. We're committed to all of that. We're going to take care of these obligations and get this done and then we're going to go to work in unified government in the 119th Congress that begins in January.
- [39:34]
Stephen K. Bannon
Okay. I'm not so sure that's accurate but I'm open to having a chance because we've been doing the show. I'll look at it. I think it's more than the emergency for the farms and the hurricanes and such. But then still we're talking 90 days, December 20th, January 20th, the February 20th, the March 20th. It's 90 days. It's 90 days. Now I understand sometimes hurricanes, maybe some of the farms but if that needs to be done sometimes within 90 days and you can't find the money elsewhere still schlafing around. Right? You're telling me. Okay, maybe a tiny couple of lines on that. That's not what I'm hearing is in this and people they're in an uproar because they weren't brought into this process. And I hear that there's free trade for Haitian T shirts or whatever. I'm sure that's just a minor thing but I just don't trust Johnson on this. I don't trust Johnson that you're just hearing about it now that it gets just dropped now. So we're going to look into this and if it should be supported, obviously the war room supportive. It shouldn't be supported but it won't be. My bigger and deeper concern is that under Johnson we're about to hit a firestorm with huge, I mean the whole 2025 spending package, including what Vivek and Elon and you know, you're not going to wait a couple of years to do. Doge. President Trump wants it done now. And that would be, this is the whole reason we're doing the cross, to kick the thing into when President Trump takes over. And these cuts are going to be substantial, the reorganization will be substantial. They're talking about eliminating entire departments, which is the way you have to do it if you want to cut. Remember, it's programs and departments and billets not really about individual people and not about little teeny research and things like waste, fraud and abuse. It's deeper than waste, fraud and abuse. It is exactly what you are trying to accomplish in the government and you're trying to accomplish two months from the, from the hegemony of the American empire all the way to the nanny state in everything in between. And that's where we're going to really need a heavy lift and people to be brought into the process early. When we get to this, this is going to be also the afternoon shows and it's going to be a big fight up on Capitol Hill. We're going to be all over it. I'll get a chance to break this down after the, after the morning shows, the great folks at Silent we talk about Christmas gifts. You got these Faraday bags and pouches. They can take care of your iPad, your computer, your phones. Don't allow bad actors. And those bad actors, whether in the federal government, whether they're third party from Eastern Europe to North Korea, up in Manchuria, to actual governments themselves. Don't let anybody get into your phone, your text message, your emails. Get these great fair.
- [42:39]
Unknown
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- [44:03]
Stephen K. Bannon
Bannon here's your host, Stephen K. Bannon. Okay, do I have Lindell or. Okay, hang on a second. We're heading out. We're going to be in Phoenix at Charlie Kirk's Amfest. Charlie Kirk follows us here in real America's Voice. Two hours of populist nationalism as only Charlie and the team over Turning Point can serve it up. They're absolutely fantastic posos after that with Human Events Daily. And then we're back five to seven tonight, we're going to cover. We'll have a lot more coverage of this whole CR Fiasco up on Capitol Hill because of fiasco. It is Amfest. I think I'm speaking opening night with TUCKER and Don Jr. That's the 19th when everybody, particularly any world Posse people. And we have it. I'm trying to figure it out right now. We're going to hang together. We're going to figure it out. We'll get to meet you guys, get selfies, do all that, catch up with where you are and hopefully do something either in the building or off site so we can have some time together to end the year. Amfest.com you put in warm, you get 25% off of the general mission ticket. So make sure you take advantage of that. Also, our sponsor, Sacred Human Health, they're coming out with a whole broader range. Look, I'm a grass fed beef liver guy, right? Grass fed beef liver. But they've got, they've got the immunity. I think they got magnesium, D3, all of it. Check it all out. But here's what's so great. What we have, all of our sponsors do is have these websites that are just deep with energy. And you get access to the CEO Trevor Comstock. So make sure you can email him, ask questions. He's answering them. He's got people on the staff to answer them. So go check it out. Today, Sacred Human Health. And of course, get to Tej Gill and the team. They've taken years to actually perfect this. As you know, I'm a coffee aficionado. I love my warpath to start the morning off. That's because the dark roast, they took so long to kind of figure out how to do it perfectly. You don't need cream or sugar. It's no acidity to it. It's one of the reasons I love it. But don't take it from me. You got over 6,000 now. 5 star reviews. 6,000. 5 stars. So go check it out. Read what your fellow cadre members say and check it out. Two other things. Cash Patel is in the middle of the firestorm. If you notice, Cash is now the one they talk least about. That was the one they had the most. We put our shoulder. We also got information out. As I kept saying, Cash is I think the most qualified. When you look at counterterrorism and counter intel that they've ever put up, one way you can see what Cash is thinking about, hey, you have to sort this mess out. And I said the other day, it's going to have to be sorted out. We can't look the other way. You got Government Gangsters book, but we did a film about it just with Cash. I made this film very specifically so Cash could actually present to you in even a more accessible form then the book. Governor Gans, you get that at War Film. War Room Films. We're going to put a lot of movies up and back into the production business in kind of my spare time. We got a bunch of big announcements coming on films that we're working on. So go War Room. I think that's singular. People tell me film War Room. Go check. If it's not, then put films. Put an S on it. But go check it out. Today you can get Government Gangsters. Look at that. Share it over the holidays. Cash's confirmation hearings coming up, I hope early in January to get it all done. Also, Dan Fluitt, who's my producer on that film and co writer, is. We just did a book, the Pictorial History of the War Room. It's stunning. The photography's stunning but the writing's also great. I didn't know Dan was a writer, but it's really magnificent. You get the whole sense from the contributors that people put the show on over the last five years. It is a great. I can't think of a better gift for the MAGA crowd and it's a great. Put it on your coffee table. It is a conversation piece. You'll love dipping in and out of it. That is the book. Was it Rogues Rebels? The Pictorial History of the War Room. It's up on Amazon or you can go to Skyhorse Books. Check it out. One of the War Room books. Really proud. Got a bunch of big announcements of War Room books at the beginning of the year. Some stuff you're really going to get excited about. So pumped. As you know, I love reading and we've done such Tony Elaine Lafferty and Tony Lyons done Such a great job of building the publishing arm. Mike Lindell joins me. Mike Lindell, it's the Christmas season. I think we're now. This is the first day post free shipping. Is that correct?
- [48:42]
Mike Lindell
Yeah, but see, this is the last day we guarantee the shipping by Christmas. So this is really important, everybody. This is the day you want to guarantee. We give you guarantee that your presents will arrive before Christmas. And we've got everything on sale for the War Room posse. I want to first point out these blankets. These blankets Right here are 109.98. This is exclusive for the War Room. This is a gift, you guys. 2998. These are the best gifts ever. We have these other plush blankets that just came in. These came in a week ago. Another War Room exclusive. And we're running the Giza Dream Sheets. We're running this one more day. The Giza Dream Sheets. This was a War Room exclusive. Just in time for Christmas. This is our flagship product. This is the one our real president loves. I love it. I designed these over five years ago. It was all over t. We sold millions of these sheet sets because they work. They help you enhance your sleep. They say they're the most amazing sheets you'll ever sleep on. 69.98 Queen. 79.98 King. Go to the. Go to the now go to the website. Click on go down. Tsch. And click on his face there. And there it is. All the War Room specials guaranteed by Christmas. Even the beds with $100 off. Get yourself a gift. All the slippers. Remember everything we make like the slippers, they're made with impact. It's problem solution. They actually work. They actually can wear them like shoes all day. All these gifts, all the sleepwear. This is going to go away too. The last day. Save up to 80% on the sleepwear, the bathrobes. You guys do all your Christmas shopping. Today's the last day. We're guaranteed to arrive by Christmas. So, you guys, it's. This is the way to get all your shopping done. And my employees were thanking you. Merry Christmas to all of you for helping my pillow get through some of the toughest times we've ever had. I spent all these last two weeks with IRS attacking us again. And we're getting through that. By the way, everybody, I believe we're coming out with a big win. 800-873-1062. All my home reps, remember, that was a big victory. Remember the irs, they didn't want them working from home. Everybody else can, but not my pillow. Employees. We won that. That was this summer and we won that. They're all too they all work off commission from home. Let's make them and get a merry Christmas you guys. I'm going to extend our Christmas guarantee to March 1st of 2025. So any product you get from mypillow we treat every customer like it's our only customer. And you guys that you're you get that as a gift. That customer service goes right along with that gift. Steve.
- [51:27]
Stephen K. Bannon
Mike Lindell we love you brother. Look forward to seeing to promo code war room promotion of code war and make sure you use that. Mike Lindell Love you brother. See you this afternoon. From the factory floor of my pillow. Mike Lindell. St. John the Evangelist takes us out with when the man comes around. We're going to be back here at 5am live. Stick around for Charlie Kirk, Jack Basova. Go. See you back here. Real America's voice in the war room. 5:00pm Eastern Standard Time Summer diamond.
- [52:04]
Ben Harnwell
You.
- [52:04]
Stephen K. Bannon
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- [53:22]
Jim Rickards
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- [54:07]
Stephen K. Bannon
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