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- [00:00]
Stephen K. Bannon
Sir, we have an executive order ordering the declassification of files relating to the assassinations of President John F. Kennedy, Senator Robert F. Kennedy, and Reverend Dr. Martin.
- [00:11]
Donald Trump
Luther King, Jr. That's a big one, huh? A lot of people are waiting for.
- [00:16]
Stephen K. Bannon
This for a long.
- [00:17]
Donald Trump
For years, for decades. And everything will be revealed. Okay.
- [00:34]
Stephen K. Bannon
Give that to rfk. Sir.
- [00:42]
Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. I got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
- [01:03]
Stephen K. Bannon
And where do people like that go.
- [01:05]
Steve Bannon
To share the big lie? MAGA media. I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
- [01:24]
Donald Trump
War room. Here's your host, Stephen K. Ban.
- [01:33]
Steve Bannon
Thursday, 23rd, January, year of the Lord 2025. In a day of more bomb dropping by President Trump and rolling through on the new golden age of America and everything that he's doing in driving, driving, driving the action, there's counteraction, too. They're in court, they're in the media, they're in jails. Making things tougher, whether it's releasing people on the J6 pardons or trying to do ICE raids in Chicago, and momentarily, we're going after our own Ben Berkwam. There's resistance in federal court. They're dropping lawsuits against every executive order, they're dropping lawsuits against birthright citizenship. So every line that we've talked about going down, every, what we call the lines of work or the verticals, there are massive momentum. Executive orders dropped, executive action taken. Now, legislation Lake and Riley passed today, I think it's going to go to the President's desk. I don't know, tomorrow sometime. We'll cover that. And Lake and Riley, Bill's got a great opening for us in the H1B visas, a secret weapon. President Trump's hitting on all fronts, dropping bombs all day long. It's just absolutely extraordinary. Incredible. And there's huge resistance to all of it. But today dropped another one. The release of. Now, here's what it is. It's not the exact. The headline's a little different than reality. And this is why we have the crack team of practitioners in intelligence. I see the intelligence community, we have some of the best of the best. I went through the executive order. It's not the immediate release today of the files of Jack Kennedy, Bobby Kennedy, Martin Luther King. It is. They have to return in 15 days with a plan. DNI, I'm not so sure. Tulsi's confirmed by the Senate in 15 days. So it has to be the acting crew over there. And we have to get. There's all types of wording. It's like the wording in the, in the executive order that led to getting rid of the security classifications of the security clearances. Excuse me, of the 51 on that fought us on the laptop from hell. There may be a little bit better wording than that to make sure they can't come back and sue you. They're going to try to tie everything up in the courts. Everything, everything, everything. This work, this days of thunder, the shock and awe of being the blunt force instrument and going after the administrative state and the deep state is quite frankly stunning. Like I said earlier this morning, the strategic part of it, the strategic part of it, so brilliant because they're interconnected, interlocked economics. So we're going to have. Philip Patrick joins us later about the economics that's coming out of Davos. EJ And Tony's going to be tomorrow because he's found all types of stuff in the numbers. Also the bond market, we'll show you some bond market numbers tomorrow. Remember, we don't get a free ride here. They get a vote. But today, President Trump sending a clear signal in 15 days, I want a plan from DNI and that plan, trust me, folks, we'll be all over this. And this is not going to be a two year plan. This is going to be so his skirts clean. Right. That they can then go and do it immediately. We'll be on top of that. But it's not calling for the exact release today. It's calling for DNI to come back in 15 days. And we're going to make sure that plan doesn't say, well, we're going to bleed them out over the next four years. Now President Trump wants these things out. What's his great quote? Everything will be revealed. How's that? It's like it's a fascinating, fascinating film, fascinating movie. We're going to go to Davos. President Trump just really unleashed on Davos Day. It was magnificent. Captain Jim Fennell will come to us from overseas. And also Noor bin Laden is in Switzerland. She'll come to us. She's actually in Davos. I think I don't think she's going back to Geneva, but we'll find out momentarily. But I have to go to the Windy City cold. Chicago ice raids are supposed to start yesterday, on Tuesday. Excuse me, Tuesday they didn't happen. Why didn't they happen? As we reported live for you on this show on Saturday morning, one of my young charges pulled it down and said huge headlines. You know, Trump prepared to Homan Miller and Trump prepare to do a 200 person ICE agent raid in Chicago on Tuesday. A door kicking down doors and rounding up bad guys. And I said, that's a source close to the White House leak. They said, no, four individuals familiar with, familiar with the plan. I said, that's the administrative state. That's guys over at DHS and others that know about the raid, local police that, you know, these liberals in Chicago that know about and they're going to leak it because they don't want to happen what happened 24 hours later. In the same Washington Post, Homan says, hey, you know, we're working on it. Don't know if it's going to be Tuesday. It was not Tuesday. The administrative state is fighting Trump at every step of the way. Trump's got the military sending troops to the border. Trump's got the military airlift command that's got lift capacity on standby. They're pre positioning now to send guys out of here to send to deport people immediately. The war has been engaged on every level, intellectually, with action, with money, with federal power and the resistance is tight. I told you there's going to be resistance. I shouldn't be surprised. In fact, it's healthy. They're not. They're showing their true colors. You're going through a great unmasking right now of who's actually a patriot, want to save the country, the invasion. They're going to fight us. Stopping the invasion and reversing the invasion tooth and nail. Ben Burkhardt joins us from our very cold Chicago. Ben, you went out there a couple of months ago. You know how tough it is out there. You had a great crew at the time. I think you had some of your crew members back. You get us up to date. Are we actually doing ice raids even as we speak, sir?
- [07:34]
Ben Berkwam
Yeah, Steve, as you mentioned, I'm here with Terry Newsom behind enemy lines. He was one of the first guys that got me up here, taking us to the inner city and the south side and all that. As you mentioned, it was internal leak. It was the traders within. But I guarantee you one thing, anybody who goes against Tom Holman or President Trump, that's on the inside of DHS or wherever they're at now, they're going to get a hammer dropped on them like they've never seen before. They aren't messing around. So ICE raids are happening as we speak. They're keeping a little closer to the vest right now, going after low hanging fruit. But I just want to tell you, I just, we were just down at the Cook County Jail speaking to sheriff deputy down there. Obviously couldn't go on the record. He said the, the jail hasn't worked with ICE for five years. He said they will not let ICE go into the jail. And Governor Pritzker just doubled down on that to say today and said, unless you have a warrant, they're not letting you in. But they will not let ICE into the jail. So ICE is having to go into the communities. This is what Tom said was going to happen. They're having to go into the communities like we're here in Pilsen, heavy Hispanic community and go into these places and pick them up and they're going to take everybody that they get with them. The big question is, are they going to go into the shelters that are harboring illegals as well? So we're waiting to see that.
- [08:43]
Steve Bannon
Hang on, hang on, hold on, hold on. Slow down, slow down. I'm glad you got Terry there. I want people to understand this. You're telling me federal authorities and President Trump's already signed orders. Federal authorities and this folks is not a dragnet to sweep up. It's not going to the churches, it's not going to the schools. All the stuff you heard President Trump's given the ability to do that. This is very, this is very targeted first to go the jails and take out. Look at Danbury. When I was in prison, 10%, at least 10% of the population there are bad hombres, right? From the cartels. 10%. And really inside with American citizens who they kind of intimidate because these guys are bad hombres, right? These are from the toughest cartels out there. You're telling me they will not let, they have not worked with ICE agents in five years, first off. And the jails will not, and these are county, local, city and state jails will not allow ICE agents in there to take out the bad guys and put them on a plane, get them out of here.
- [09:41]
Ben Berkwam
That's right. They will not let them in, is what I was told.
- [09:48]
Steve Bannon
Unbelievable. Terry, how important is this symbolically to kick off in Chicago, given you're the railhead of sanctuary cities. Adams has given up. L A has given up. San Francisco is kind of getting ready to give up. Chicago is the railhead of all the problems of sanctuary cities. What does it feel like having your city, your beloved Chicago really in a standoff or trying to be a stand. Won't be a standoff eventually, but trying to stand up and tell President Trump you cannot deport criminal illegal aliens, sir.
- [10:21]
Terry Newsom
Yeah, it's really important. You know, especially when Tom was here last month, he had his public meetings, but I helped arrange three private meetings with him with big time Democrats that will be coming out eventually. Steve Alderman, Ray Lopez, Hispanic alderman, Democrat, is trying to help him as well. I also had individuals, senior folks from CPD that met with him. They're all willing to embrace him. So we're going to hear a lot in the media about the city is going to be going crazy and stuff. It's quite the opposite. They control the media, as you know. It's the people, law enforcement. I had union members have private meetings with him to support and endorse him. And we have to try to stifle all the noise and the fear mongering that's going on. There's three. Fort Trent delargua in dupage County Jail right now. They were just arrested a few days ago in western suburbs by where I live. One of them had a colostomy bag on him because he was wounded and shot from a crime he did in Chicago. They're sitting right now until their next court date, February 14th. So hopefully DuPage county, which is a red county, can find a way to collaborate with Tom and Ice to pick these guys up that are sitting in DuPage county jail right this minute.
- [11:32]
Steve Bannon
Terry, here's the question the audience has. Does the black and Hispanic community in Chicago support President Trump's efforts to get first the low hanging fruit illegal alien criminals out, but then eventually to get the illegal aliens out. Does the community, do they back Trump or do they back Mayor Johnson, the sanctuary city guy?
- [11:54]
Terry Newsom
The community, yeah, the community backs Trump, Right? So I had meetings with Hispanic pastors. Bren was in the car when I was talking. I mean, in this neighborhood, 20 of them, and they had a translator form. They're upset. It's making it difficult for their community. And what Tom said is I could go to Cook County Jail and just send one agent over there to pick up one individual. If they want to play games in Chicago, which they are, this person is going to come out in the street. I'm going to have to hunt them down, put my men at risk, put the individual at risk as well as the community at risk. So Alderman Lopez tried to make an amendment two weeks ago to the welcoming city law. And again, Hispanic Democrat, he said, let's allow Chicago police officers to to collaborate with ICE on the Trent Delagua, the child sex traffickers. He didn't even put spousal abuse on there. He wanted to make it so easy for these Chicago aldermen to say let's get rid of these criminal elements. What did they do two weeks ago? They said no. They said no. So they're doubling down. Not just Pritzker and Johnson, all of these liberal scumbags are doubling down. Pritzker also made a law about a month ago that they could change their names in three months. Steve. Three months. They could change their names legally here in Illinois.
- [13:11]
Ben Berkwam
That's huge, Steve. So they can hide from ice.
- [13:14]
Steve Bannon
Huge. Hang on for a second. This is going to be huge. I'm going to get you guys throughout this next two hours. We've got Terry Newsom, our own Ben Berkwam in Chicago. The raids have started today. Ben just told you ICE has not been in a jail in Chicago that are crawling with his illegal alien bad hombres that, hey, regardless if you did a crime, you're American citizen, man. You shouldn't have to have a foreigner up there. You know, another bad guy in your grill. Unacceptable. These deportations don't think it's going to be easy. You're going to have to dig it out root and branch. Next we're going to return. We're going to go to Davos. We're going to talk about today a monumental historic speech by President Donald J. Trump. He put the world Economic Forum in the globalist on notice there is a new sheriff in town. Captain Jim Fennell, our own Nora bin Laden will join us here momentarily. We've got Philip Patrick Birch. Gold times a turbulence. Don't think it's turbulent. Look at the bond market leading indicator. It's a flashing, I don't know, dark yellow, maybe a slight red right now. Birchgold.com don't get caught unawares. Look at all your options. All your turn all alternatives. Understand it now birchgold.com Bannon end of the dollar empire Also you can talk to Philip, Patrick and team. He'll be on later to talk about birchgold.com if you like geopolitics and capital markets and we love it here. Got Jim Rickards. Hopefully if Jim doesn't go into the administration, he's going to be with us as our major contributor. Rickardswarroom.com get his newsletters, his books, all of it rich. Rickardswarroom.com check it out today. Short commercial break we're going to Switzerland next. 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 Birch Gold. 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 banded to 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 purchase. Protect your savings with Birch Gold tex Bannon to 989-898 and claim your eligibility for your free silver.
- [16:19]
Donald Trump
Today, in a truly historic week in the United States. Three days ago I took the oath of office and we began the golden age of America. The recent presidential election was won by millions of votes and all seven, every one of them, all seven swing states. It was a massive mandate from the American people like hasn't been seen in many years. And some of the political pundits, even some of my so called enemies, said it was the most consequential election victory in 129 years. That's quite nice. What the world has witnessed in the past 72 hours is nothing less than a revolution of common sense. Our country will soon be stronger, wealthier and more united than ever before. And the entire planet will soon will be more peaceful and prosperous as a result of this incredible momentum and what we're doing and going to do. In addition, I'm pleased to report that America is also a free nation once again. On day one, I signed an executive order to stop all government censorship. No longer will our government label the speech of our own citizens as misinformation or disinformation, which are the favorite words of Censors and those who wish to stop the free exchange of ideas. And frankly, we have saved free speech in America and we've saved it strongly. I terminated the ridiculous and incredibly wasteful Green New Deal. I call it the Green New Scam. Withdrew from the one sided Paris Climate Accord and ended the insane and costly electric vehicle mandate. We're going to let people buy the car they want to buy. I declared a national energy emergency and that's so important. National Energy Emergency Agency to unlock the liquid gold under our feet and pave the way for rapid approvals of new energy infrastructure. The United States has the largest amount of oil and gas of any country on earth and we're going to use it. Not only will this reduce the cost of virtually all goods and services, it will make the United States a manufacturing superpower and the world capital of artificial intelligence and crypto.
- [18:41]
Stephen K. Bannon
We know that most consequential relationship in the world is between the US and China.
- [18:47]
Steve Bannon
US 28% of the global economy. China close to 20. That's almost half of the global GDP. And we know that you called President Xi Jinping last Friday. We heard that you had a good discussion. How do you see the relationship between the US and China in the next four years under your leadership?
- [19:10]
Donald Trump
He called me, but I see it very good. I think that we're going to have a very good relationship. All we want is fairness. We just want a level playing field. We don't want to take advantage. We've been having massive deficits with China. Biden allowed it to get out of hand. He's $1.1 trillion deficit. It's ridiculous and it's just an unfair relationship. And we have to make it just fair. We don't have to make it phenomenal. We have to make it a fair relationship. Right now it's not a fair relationship. The deficit is massive as it is with other countries, a lot of Asian countries actually. But we have deficits that are very big and we can't keep doing that. So we're not going to keep doing that. But I like President Xi very much. I've always liked him. We always had a very good relationship. It was very strained with COVID coming out of Wuhan, obviously that strained it. I'm sure it strained it with a lot of people, but that strained our relationship. But we always had a great relationship, I would say. And we look forward to doing very well with China and getting along with China. Hopefully China can help us stop the war with in particular Russia, Ukraine. They have a great deal of power over that. So we restore common sense in America. We're moving quickly to bring back strength and peace and stability abroad. I'm also going to ask all NATO nations to increase defense spending to 5% of GDP, which is what it should have been years ago. It was only at 2%, and most nations didn't pay until I came along. I insisted that they pay, and they did, because the United States was really paying the difference at that time, and it was unfair to the United States. But many, many things have been unfair for many years to the United States.
- [21:03]
Steve Bannon
Okay, I want to. Because I had to cut a little different, and we decided to go with this long one at the beginning. I got to get to Nor, but. Well, this is all fresh about China and the defense part. I want to go to Captain Fennell. Captain Fennell, you've sat through a lot of these things. You're very familiar with Davos. The players there give me your overall assessment. And then I really want to focus on what, how he laid out the situation with NATO, the 5% in the. In the Chinese, the main thing, the Chinese Communist Party, sir.
- [21:38]
Stephen K. Bannon
Well, Steve, good to be on. My view of this is that this speech is the moral equivalent to what Ronald Reagan did in 1983 with his Evil Empire speech. It's different in the sense that it's Donald Trump and his way of speaking and his focus of effort. But for moral clarity, what Donald Trump today did was he told the globalists in Davos that, hey, we Americans are serious about governing and taking care of our people, and that we're not going to allow, as President Trump said in his speech, we're going to fix the disasters of the inept people, the inept people that have been in charge for the last four years that are responsible for the deaths of probably 2 million people around the world through wars in the Ukraine and disasters and retreats in Afghanistan and the war in the Middle east, and hundreds of thousands die every year from fentanyl because of the open border. So what Donald Trump did today in Davos was he set the stage to say, we're serious about taking care of people and we're not playing games anymore. And we're not going to let inept technocrats dictate to us from their ideology of wokeness. And so my view is, is that what Trump did was a moral clarity. He took leadership and said, america is standing tall again, and we're going to defend freedom of speech. We're going to defend common sense. There's only two genders. We're going to defend respect for others. We're going to ask people to defend themselves by paying more for their own defense. And what Reagan did in 1983, when he gave his Evil empire speech, is that when you talk to after the Soviet Union collapsed, when we started talking to the dissidents that had been in Soviet gulags, they said those speeches from Ronald Reagan gave them hope. And I believe that what Trump did today was he gave hope to the people in Europe and around the world, and especially America. But the rest of the world, where people are living under this thumb of the dictator, dictates of socialism, communism and woke ideology, and Europe is trying to fight out of that. And in Germany and in France and Italy and other places, they're trying to get out of that, and they can't because the woke mafia is still in control. But Trump's speech can be seen in the same light as Reagan's.
- [24:02]
Steve Bannon
You know, I made a film off of Peter Schweitzer's book, and I want to name it because Word and deed. And the reason was it's a book with Peter Schweitzer. It's called Reagan's War. I made the film in the Face of Evil off that, adapted from it. Peter had gone to. Peter Schweitzer had gone to the KGB files when they first opened in the 90s, right after the Berlin Wall fell. And he was researching and he found out as he went through the kgb, he wanted to look at America through the eyes of our enemies during that long period of the Cold War. And Captain Fennell, he found out that in doing this research that the politician they feared most was Ronald Reagan for many, many years. And the reason was in their reports the Stasi did and other of their police forces doing kind of assessments, they said this guy, because he was talking anti communism when he was governor of California and fighting the Marxist in the neo Marxists at Berkeley. And they said, the reason this guy scares us is that his words and his deeds are one in the same. His words and his deeds are one in the same. And he means what he says because he backs it up with action. Did it help in moral clarity to have President Trump show up today having the first 72 hours of days of thunder were across a broad spectrum with both scale and depth. He is hammering the administrative state, hammering the deep state, hammering the enemies of our country, sir.
- [25:38]
Stephen K. Bannon
Yes. What he did today was demonstrate that he is not just somebody that doesn't know what to do. I mean, he was president already, as we know, for four years, and then for the last four years, he's been planning and working and preparing for this, this day in these days of thunder, as you've just articulated in these 200 plus executive orders and the action across the whole of government, to use their, to use a phrase. And so he's done that. And what he did is he told the folks in Europe at this elite gathering where they all have a different worldview, he said, your worldview isn't going to change us. We are going to stand tall and we stand opposed to you. Now, he did it very politely. He wasn't maybe like he was four years ago or before. He did it very politely, but he challenged them ideologically by saying what we stand for and what we're going to do is better for the world. It's better for people. Look at his remarks about how many people are dying in Ukraine. He genuinely, you can feel it. He cares that people are needlessly dying and it's because of stupid policies from inept politicians and inept technocrats that have been in charge for 30, 40 years and they believe in multilateralism and all of these great buzz phrases that have failed. And he's saying, no, we're going to go back to common sense and we're going to have this golden age of America. And he said at one point, he said, you know, they say there is a light shining all across the world and that's very much like Reagan, you know, the city on the shining hills. So Trump was putting out there to the world that we're going to be the light that shines to the world on how we should behave and how we should take care of people and that we really, actually care more than you do. You care about your power and you care about your Marxist ideology, but we actually care about results and practical things that make food cheaper, make interest rates cheaper and protect our citizens from cartel members that are, you know, terrorizing and murdering people across the country and, and around the world and starting wars like G.
- [27:47]
Steve Bannon
Captain, we're going to get into all that. Nor Ben Lon's with us. Philip Patrick is with us. Pretty intense band Berkhom's on the streets of Chicago as the as ICE starts to do the raise to take the bad hombres and get them out of here. The supply chains aren't going to change anytime soon. Jace Medical put you on the good side to get you all your medicine today. Jacemedical.com Bannon get a big discount. Don't let the Chinese Communist Party get between you and your health. Short Break. When the doctors at Brick House Nutrition announce a Black Friday sale, it's a big event. Now is the time to save a bundle while you reboot and optimize your health. This is the biggest sale of the year on everything. That includes Field of Greens, the life changing super fruit and vegetable drink that promises your doctor will notice your improved health or your money back. The Black Friday sale also includes Lean, the physician formulated weight loss phenomenon that helps turn and burn excess fat into energy. Even Radiance, the collagen accelerator with four times more health and anti aging power than that influencer collagen. Yay. That's on sale too. From weight loss to sleep aids, from creatine to whole food bars, they're all on sale. Visit fieldofgreens.com and use code SALE. That's promo code SALE@FieldofGreens.com and do not forget, that's promo code SALE@FieldOfGreens.com here's your host, Stephen K. Ban. Okay, welcome back. We got Captain Fennell and, and Norba and Laden are with us and they are overseas. They understand the kind of mentality of Davos and the globalist. I want to bring in Philip Patrick. Philip, first off, you saw the speech today. It was extraordinary because in the first couple and Captain Fennell was right, President Trump was very polite, but he's very firm, kind of matter of fact, he starts off, he has his preamble, he says it's a revolution of common sense. And then he pivots and says, hey, I've pulled us out of the Paris climate Accord, which was conceived in Davos. He then says, I'm stopping, as the Financial Times of London says today in its lead story, that I've essentially impounded $300 billion of money going to green New deal fiasco payoffs to the elites. He says, I've impounded that and I've totally ditched the green. He called it the green news scam to the place that created it, Davos. Then he pivots and says, oh, by the way, I've pulled us out of the World Health Organization, of which the World Health Organization secretary, I believe canceled or postponed their trip to Davos, make a big presentation since two thirds of their funding said we're out. And then he moves on to the rest of the speech. And I'm sitting there going, oh, my Lord. And not. This is the Klaus Schwab who groveled, groveled, groveled in his open is the high priest of the cult of Davos. Philip Patrick, your thoughts when you're sitting there watching as finance guys, I'm sitting there going, holy mackerel. He just took out Davos, man, in one fell swoop, sir.
- [31:13]
Philip Patrick
Yeah, he absolutely killed it. By the way, it is hilarious to me that every year we get a cabal of the world's richest people flying in on private jets, staying in five star hotels and lecturing one another about what the working class really needs. It's ridiculous. But President Trump came and he didn't come to play. I mean, he reaffirmed our America first agenda. He defined our relations with international institutions, essentially saying we're tired of paying more than our fair share. He talked about revitalizing American industry, using tariffs to do so. And what I thought was smart, he didn't just use sticks, he used carrots as well. Right. He said there'd be tax credits, there'd be incentives for companies who want to onshore supply chains. He talked about creating a pro business, pro growth economic environment. And as you said, he described his deregulation program as a revolution of common sense. I thought it was brilliant because it is. It's common sense. Right. You know, it's a pro business agenda, not a pro bureaucracy plan. He also had what I think was a very good idea to end the Ukraine war by pressuring OPEC to lower oil prices. That'll put a squeeze on the Russian war machine. It's similar to how they ended, sort of what led to the collapse of the USSR a little over 30 years ago. Finally, and this is where my ears pricked up, he talked about the debt problem and basically said that once oil prices came down, he demand central banks around the world start lowering interest rates. Now that's the interesting one for me. Obviously we know it's not his call. He can put pressure, but that's about it. Here's the concern that I have, though. I understand why he wants to do this. At the end of the day, it's a cornerstone of a supply side growth plan. Limit debt service, boost the economy. But we've got to understand, taken in isolation, each one of these policies makes a ton of sense. But we can't consider them in isolation. Since World War II, our nation has become increasingly integrated into the global economy. It made a lot of people better off, but it also made nations dependent on one another. Global supply chains didn't exist before World War II. Now it takes 25 nations to produce a single car. So what we're talking about here and the words that are being used is turning back the clock to the golden era of the United states. But here's the problem. Foreign creditors own 25% of our government debt. If we include corporate and household debt, that's about $10 trillion. We're in a position right now where we're making it less attractive for foreign investors to lend to the United States. A friend recently said to me, you can't borrow $10 trillion from capital markets and then say, thanks, we got it from here. There's going to be consequences. My biggest concern here is that anything that makes the dollar less attractive on the international stage, whether it's sanctions, weaponization or inflation, and we've seen plenty of these under the Biden administration, it just incentivizes other nations, whether it's our allies or or adversaries, to dump their dollars. And as a nation, and I know you know this, Steve, we can only succeed if we maintain our global reserve currency status. We've been writing checks for 80 years that haven't been cash. My concern is that they all get cashed at the same time.
- [34:55]
Steve Bannon
This is okay, what Philip just walked through. I want this audience we're going to go over this number of times because I want to to embed it in your head is essentially this is what happens when people say deficits don't matter and that doesn't matter. They're lying to you. Okay? This is why modern monetary theory, we need to get up to speed on this because you need to understand how dangerous this idea was and how it was embraced. Birchgold.com Bannon Enter the dollar empire. Read all the free installments, but read the last first. You need to understand modern monetary theory that came out of the kind of radical academia of France and then went right to Davos. And it got so spread, just like they're, you know, build back better. Why is this dangerous? Philip Package just told you. And I keep saying the more debt you get every year, the easy answers get away from us and the range of alternatives for any policymaker. And for President Trump, narrow, narrow, narrow. His point is, hey, you can't even be too tough right now and particularly tough on this, on this renaissance of American manufacturing bringing cyclings back because 25% of your total debt is owned by foreign entities. And you don't have the capacity right now because you're kind of barred to the hilt. You really don't have the capacity. You have to. Scott Bessant has to we know right now in refinancing the $36 trillion of debt he has to already scheduled $7 trillion of refinancing. $7 trillion has to be sold in this year. And you're going to need, you know, unless you want the Federal Reserve picking it up and blowing up the balance sheet of the Federal Reserve, it's going to have to be bought by somebody. A big portion of that's going to be foreigners. And with China not really having sitting on the bid like they used to, because they don't. They have the capacity. You've got a problem already that you're kind of limited in your range of activities. This is what, let me go back. This is why what Philip said is that Besant, in Trump's theory of the case, is this the last shot. We have to have a supply side pro growth, grow your way out of it agenda. And that's why the tax cuts are central. This is why Scott Bessen said, if we don't renew the tax cuts, you're going to have a $4 trillion tax increase, which would be catastrophic. This also gets to the point of why I am telling Elon, as much as we disagree on so much, the one thing we totally agree on is the deconstruction of the administrative state and the getting it down to the size we can pay for it. His trillion dollars of cuts that he's kind of promised, we need to see if that's reality or fantasy. Because right now, CBO says it's $2 trillion deficit this year. The Freedom Caucus, who are the biggest hawks? Andy Biggs, the biggest budget hawk out there, they're laying a deal for President Trump, said, hey, we'll lift. And these are the hawks of the hawks. They're saying, we'll lift the debt ceiling for two years and give you $4 trillion capacity. That means that they've even bought into the fact it's $2 trillion and $2 trillion. I'm saying, yo, that's a bad sign. That means it's not sustainable. That's what we need. Elon, all this stuff is inextricably linked, but what it shows you is that President Trump put him on notice today that, hey, I'm an economic nationalist, yes, we're part of a global system, but this is about America. And in fact, you can get through the golden door, too. And your tariffs and your fees and duties will be less if you actually make it in the United States of America. But number one, I've got to cut energy costs and I'm going to cut them radically. And I'm telling the Saudis I want them to go along with me to cut it because that's the predicate to any industrial Nation's renaissance. And number two, and by the way, I got Dave Walsh in the secondary to go through that. And number two, the Federal Reserve's going to have to play ball with me because I go, you know, I want to lower interest rates because to get an American renaissance, I essentially need to have access to money that's not that cheap. The bond market right now, and God bless the Federal Reserve. But President Trump may be talking to the wrong audience. The global bond market saying, hey, talk to the Fed all you want, but we need a higher price of our government security, is it not? That's why you see the 10 year bonds, that's why you see these bond prices going up. And they've been going up for a while because they don't actually believe we can pull this together through a recalcitrant group of Democrats and a business community that may not be totally on our side. Thoughts, Philip? Patrick?
- [39:13]
Philip Patrick
I mean, it's absolutely correct. The 10 year treasury is up now 4.64%. It's up 90 basis points since September. In that same time period, the Fed has lowered 100 basis points. So even though headline inflation, headline interest rates coming down, borrowing rates are going up. Why? Because demand for US Debt is waning. When demand wanes, we have to make it more attractive by raising interest rates. And that's the problem. Right. Trump needs time to grow the economy. The question is, will the international bond markets give them the time that they need? The more we continue to amass deficits, the more we look like a bad investment. The second the world starts to look for other alternatives, we're in big trouble at that point. So President Trump's up against the clock, like I said, piece by piece by piece. This is the strongest economic plan I've seen in years. Will he be given the rope and the time to pull it off? That's the big question.
- [40:13]
Steve Bannon
Let me ask you why now do people need to learn more about. Look, we've got the modern monetary theory, so the macro we've got covered. People understand why do they need to look at. Why is now a time that people should get smart with you guys about precious metals? What is it about gold and precious metals that particularly for a time like this, makes it a perfect hedge?
- [40:34]
Philip Patrick
Well, listen, if President Trump pulls this off, this will be the great escape. No nation has ever come back from a position like this, ever. So first of all, that's the context of what we're talking about. But look at the problems. We're talking about global debt, we're talking about devaluation of currency. We're talking about rising prices across the board. This is a climate that precious metals grow in. Even under Trump's first term, gold grew 53% relative to a Dow Jones at 57. We didn't have any of the problems we have today. So I think there isn't a better place for the short to medium term to have at least a portion of one's wealth. Look, I am hoping and praying that President Trump pulls it off, but I have a hedge in place in case he doesn't. Central banks around the world have a hedging place in case he doesn't. And I think individuals here have to do the same.
- [41:31]
Steve Bannon
So where do they go? Where do people go today to talk to you and your team of experts?
- [41:36]
Philip Patrick
Really simple. Birchgold.com Bannon birchgold.com Bannon you can also text Bannon to 989-898. That'll get them access to all the free information, reports on how and why to buy gold, the end of the Dollar Empire series and a report specifically on why to buy gold under a Trump administration. So lots of free information. Everyone should immerse themselves and go from there.
- [42:08]
Steve Bannon
Immerse yourself in information now more than ever. And all the information, all of it is absolutely free. Philip Patrick, love you guys. Social media, Philip, I know you put stuff up all the time. Where do people go?
- [42:19]
Philip Patrick
Philippatrick on getter ilipppatrick.
- [42:26]
Steve Bannon
Philip Patrick, thank you very much from Birchgold. Check it out. Unbelievable. Unbelievable. What President Trump did in Davos today laid out an economic plan that says, I'm an economic nationalist, we're part of a global system, but here's what we're going to do. Bang, bang, bang. Talked about the Ukraine, talked about the war, the beginning parts of the third World War. I think put the Chinese Communist Party on notice by being a gentleman about it. Captain Funnell is absolutely correct. He said this in the in a kind of a kind way or matter of fact way. Didn't really get angry. Just kind of walk through what the way things are like a new boss or a new sheriff. Pretty impressive. Let's make sure we go to Field of Greens. You got to be healthy, get 100% the natural ingredients in Field of Greens. No powders, nothing artificial like the guys at. For over 10 years, Patriot Mobile has been America's only Christian conservative wireless provider, standing behind their service and the values of their company. They're an example of putting the cause ahead of profits. And that's why I'm proud to partner with them. Right now you can either get their Every Friday Matters special. Today Patriot Mobile is giving away a brand new smartphone when you make the switch. Patriot Mobile offers exceptional nationwide coverage giving you access to all three major networks. Let me repeat that. Giving you access to all three major networks without your dollars funding the left. When you switch to Patriot Mobile, you're supporting free speech, religious freedom, the sanctity of Life, the Second Amendment and so much more. Their 100% US based customer service team makes switching easy. Keep your number and for a limited time get a free smartphone. Go to patriot mobile.com that's all one word. Patriotmobile.com Bannon or call 972 Patriot and use promo code Friday. Again, that's a free smartphone. Let me repeat, a free smartphone offer is eligible only with the promo code Friday. This a limited time offer or until supplies run out. Terms and conditions apply. Join me make the switch today. Patriotmobile.com Bannon that's patriotmobile.com Bannon or call 972-patriot war room here's your host, Stephen K. Ban. So Nora, this was historical. What happened today, putting the globalists on notice. The globalists have done so much damage to our own country, but also mankind. Today we're calling them occult neopagans. How did you view, given you've been in that room so many times, you know all these players from President Trump came in by video and you saw Klaus Schwab groveling. And this is, remember we played the clip earlier where they thought Trump was dead. That was Graham Allison saying Trump was dead, Trump was finished, he would never return. They were mocking and belittling him for years. Tell me your thoughts today when you saw President Trump's return.
- [45:34]
Nora bin Laden
Listen, the speech President Trump gave was absolutely superb. But beyond his remarks, there is something that I think we should not miss here, which is the optics and more specifically the aesthetics and the contrast of the aesthetics between on one hand you had President Trump showcasing the beauty and the richness of the American iconography. The warmth of the color palette he chose, this majestic setup, you know, with the backdrop and it perfectly symbolizes this golden age and the American renaissance. And on the other hand, you have the cold, sterile, bland and ugly brand of the world economic forum of the globalists. Their aesthetics is absolutely representative of their anti human agenda of their trans techno so called intelligent age and very much emblematic of the post World War II era in which we find ourselves. And so I thought that that contrast was very, very present and very stark. At least it stood out very strongly to me.
- [46:56]
Steve Bannon
Unbelievable. How did you think it was responding? Were you shocked to see Klaus Schwab groveling at the beginning and kind of the, the softball questions and the applause? He was ripping, you know, he's ripping World Health Organization out, Paris, climate change, Green New Deal, call it green new scam. And they're saying, they're applauding your thoughts.
- [47:19]
Nora bin Laden
Listen, President Trump commands respect. He is a very strong figure, has always been. Even when they were mocking him back in 2015, back in 2016, they had to be faced with the reality that this man has a charisma that is unmatched. We've never seen this, I think, in the history, certainly not in the 20th century. He is one of these figures that will stand out in history, and you have to admire his strength. And they have no choice but to contend with the reality that President Trump is this strong character, was given this absolutely unequivocal mandate by the American people, and now they have to come to terms with that. And as I've said on the show, I think it was yesterday, they've had, you know, since the 5th of November to prepare psychologically to January 20th. And I think, you know, he warned them, he warned them that he would be taking action from day one, by the end of sundown on day one, and it's been the case.
- [48:32]
Steve Bannon
Brilliant comments all, and particularly on the iconography. It was just amazing, Nora, that you were able to pick that up and share with the audience. Where do you go for social media, ma'am? Where do you go to find you about all your commentary on all things against the technocracy?
- [48:50]
Nora bin Laden
My substack is norbenladdin.subsack.com and my X is Norbenladin. And thank you so much for having me on, Steve. It's always a pleasure to be with you, the team and the Warren posse, of course.
- [49:04]
Steve Bannon
Great coverage, ma'am. Thank you for standing out in the freezing cold at Davos now that you're back in warm and staying up so late at night every night. We appreciate you.
- [49:11]
Nora bin Laden
Thank you so much.
- [49:14]
Steve Bannon
She always does the best of Davos. Captain Fanell is going to stick with me because I got some specifics about President Trump demanded 5% of GDP and got into it a little bit with the CCP. We're going to drill down more on that somebody that was there with us for the entire first time. Catherine O'Neill, you're on the campaign. You're in the White House. You're at the State Department, back at the White House and the 2020 campaign. You know President Trump, I know you're very proud. You made a conscious decision to be part of this young pack of entrepreneurs who are setting up a patriot economy. You were back for the inauguration. I was glad to see you. You're obviously very dialed in at the highest levels. But tell me about Meriwether Farms. Tell me about your new life in building, being one of these entrepreneurs or taking President Trump's call in building a new economy for a new golden age.
- [50:03]
Catherine O'Neill
Thanks so much, Steve. It was great to see you. Briefly this past weekend, I am feeling a little under the weather because there were so many events that I attended on behalf of the new president who I'm so excited to see. In fact, it's a little surreal seeing him give press conferences. But I'm so happy that he's back. But, you know, I did like you said, I was there from the beginning and I served five years to President Trump and then I decided to move, to move back out west and start this business because I believe that there needs to be a strong network of businesses on the outside supporting President Trump and enacting his agenda of promoting American manufacturing, American jobs. You know, we support great Americans who work for us. We don't use any sort of weird H1B or H2A visas. We only hire Americans, unlike a lot of other agricultural companies. So we're just here on the outside supporting his agenda.
- [51:12]
Steve Bannon
Tell me about specials you got for us. People would love your beef. They want to participate. How do they do it?
- [51:17]
Catherine O'Neill
Yeah, absolutely. So go to meriwetherfarms.com as you see on the screen now, use code word war room for 10% off site wide. We have some other deals going on. If you go to our site, you can see them. But you know, the war room posse was with us from the beginning and we want to make sure that we will always take care of you guys because you guys are really the reason why we're so successful right now.
- [51:45]
Steve Bannon
You know, Natalie Winters is down hard. Alexander Priet's down hard. Katherine O'Neill's down hard. I don't know if it's too much partying or too much cold out in the cold, but Katherine, you get better.
- [51:57]
Catherine O'Neill
I'm used to the cold, Steve. I'm used to the cold. The cold wasn't it. It was just the non stop, you know, party to party to party. We'll get better. I gotta just eat beef.
- [52:10]
Steve Bannon
Eat some beef. God Bless you, girl. Merryweatherfarms.com it's the, it's the Patriots. No H1B visas, no H2B visas, nothing. Nothing. No bad stuff in it. Catherine's taking this. She's done a great company's exploding. We're proud to be proud to be partners with them. The Right Stuff, Philip Kaufman's classic masterpiece about the Mercury astronomy astronauts based off the masterpiece by Tom Wolfe. The book the Right Stuff. Donald Trump has it, showed it today in spades. Short break, back in a moment. I want to warn you of a huge change that could be coming to our money in our bank accounts. First, think back to 9 11, shortly after the government pushed through the Patriot Act. This gave the government power to spy on innocent Americans by monitoring our phone and email and tracking our movement across the Internet. Now Jim Rickards, editor of the independent financial newsletter, Strategic Intelligence and New York Times best selling author, is warning about a coming event that could elevate this governmental surveillance to a terrifying new level. In fact, some of the guests I've had on the War Room believe that the government will soon expand their powers to track our every move. If we say the wrong things on social media, donate to the wrong causes, buy firearms or even vote maga, the government may be able to shut us out of our bank accounts. I can't say for sure if this will happen, but it's an interesting and dire warning. Fortunately, Jim Rickards, an American patriot and friend of mine, has made it his mission to educate us on what he believes is coming and how to protect yourself from the possibility of programmable money. Watch Jim's warning video now before it's censored like I've been in the past. Go to rickards war room.com that's rickardswarroom.com now to see the video. Human really trying to fill this gap of quality supplements and of course the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients. Ingredients such as vitamin A, B12, zinc CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health. 7 100,000Americans every year. Yes, heart disease is the number one killer every year, year in and year out. Heart disease builds over time. Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart. A healthy heart is key to being energetic as we get older. It is never too early to take care of your heart. You see, heart disease sneaks up on us. You can start in your 30s and when this happens, you're at serious risks by the time you turn 60. If you want to take care of of your heart and those you care about, please go to war roomhealth.com that's war room health.com all one word war roomhealth.com use the code war room at checkout to save 67% of your first shipment. That's code war room at checkout to save 67%. And do it again. War Room Health all1wordwar roomhealth.com go there today. You need if you're going to be part of the posse, you need a strong heart. You need a lion's heart. How we're going to do that is with salty. Go there, do it today. Check it out.