Episode 4604: Treasury Secretary Gives The Inside Baseball On The BBB; Live From BRICS

Summary

Podcast Summary: Bannon's War Room – Episode 4604: Treasury Secretary Gives The Inside Baseball On The BBB; Live From BRICS

Release Date: July 2, 2025

In Episode 4604 of Bannon’s War Room, host Stephen K. Bannon delves deep into the current economic landscape, legislative battles, and significant geopolitical shifts impacting the United States. The episode features insightful discussions with key figures, including Secretary of the Treasury Scott Bessant and political analysts Philip Patrick and Nick I. Covella. Additionally, the podcast provides live coverage from the BRICS summit in Rio de Janeiro, highlighting critical challenges to the US dollar's global dominance.

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1. Addressing Economic Concerns with Secretary of the Treasury Scott Bessant

Timestamp: [00:00 – 04:35]

The episode opens with a candid conversation between Stephen Bannon and Secretary of the Treasury Scott Bessant. Bessant articulates his concerns over the escalating government debt driven by high levels of government spending. Emphasizing a multifaceted approach, he outlines the administration's strategy to reorder trade, reduce excess federal employment, and curb federal borrowing. This, he believes, will "right size the federal government and unleash the private sector again" (00:00).

Bessant highlights the administration's commitment to a supply-side economic agenda, grounded in three pillars:

1. Trade Reform: Reorganizing trade policies to benefit American interests.
2. Tax Cuts: Building on the 2017 Tax Cuts and Jobs Act by extending 100% expensing for capital goods, particularly in manufacturing and agriculture (04:35).
3. Deregulation: Removing excessive regulations to foster long-term investments and stable economic growth.

He confidently asserts that these measures will lead to unprecedented economic growth, reminiscent of the post-World War II boom, by making the U.S. the prime destination for capital investment.

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2. Legislative Battles: The "Big Beautiful Bill"

Timestamp: [03:03 – 15:00]

Stephen Bannon provides a detailed analysis of the ongoing legislative struggle to pass what he terms the "big beautiful bill." He expresses frustration over the Senate's handling of the bill, particularly concerning structural changes and economic projections from the Congressional Budget Office (CBO). Bannon stresses that the bill focuses on growth that outpaces deficits, aiming to reduce the deficit-to-GDP ratio from 6% to 3%.

Bannon recounts Secretary Bessant's optimism regarding the bill's prospects in the House of Representatives, thanks in part to support from the Freedom Caucus. He underscores the potential economic resurgence, anticipating a boom in the private sector fueled by tax certainty and deregulation. Notably, Bessant mentions that "interest rates are going to keep declining," benefiting mortgages, credit card debts, and auto loans (01:10, 07:46).

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3. Live from BRICS: Challenging the US Dollar's Dominance

Timestamp: [15:00 – 26:08]

The podcast transitions to a live segment from the BRICS summit in Rio de Janeiro, featuring Nick I. Covella from the American Prosperity Group. Covella discusses the "Rio Reset," a pivotal moment where BRICS nations—Brazil, Russia, India, China, and South Africa—are actively working to diminish the US dollar's role as the global reserve currency.

Key insights from Covella include:

• Sovereignty, Stability, and Solidarity: The BRICS nations are moving towards financial independence by settling trade balances in gold bullion rather than relying on any single nation's currency (20:21).

• Gold as the New Savings Account: With central banks globally increasing their gold reserves, gold is positioned as a politically agnostic asset that underpins new trade settlement mechanisms (22:04).

• Impact on the US Dollar: Covella warns that as BRICS nations reduce their dependency on the dollar, global demand for USD will decline, potentially depreciating its value and affecting American savings (20:19).

Covella emphasizes the necessity for Americans to "diversify your savings into gold," highlighting Birch Gold Group’s role in facilitating this transition (25:16).

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4. Judicial Interference in Immigration Policies

Timestamp: [26:33 – 43:43]

A significant portion of the episode focuses on a controversial ruling by a federal judge in D.C., Judge Randolph Moss, who has barred the Trump administration from expelling asylum seekers. This decision, deemed a "bombshell" by Bannon, is characterized as an overreach and a direct challenge to the administration's immigration policies.

Philip Patrick provides a vehement critique of the ruling, asserting that it undermines Article II of the Constitution, which grants the President the authority to protect the nation’s borders. He describes the influx of "20 million fake asylum seekers" as a "foreign invasion" and accuses the judiciary of overstepping their bounds by ignoring Supreme Court directives (28:17, 34:10).

Key points from the discussion:

• Violation of Executive Power: Patrick argues that the ruling infringes upon the President's constitutional duty to secure the borders.

• Supreme Court's Stance: Referencing a recent Supreme Court decision, Patrick criticizes the justices for failing to check judicial activism, leaving the President vulnerable (35:05).

• Call to Action: Patrick urges for immediate appeals to higher courts and demands congressional oversight to rein in what he perceives as an "imperial judiciary" undermining national sovereignty (36:41).

Bannon reinforces Parrick's sentiments, highlighting the tension between the executive branch and the judiciary, and portraying the situation as part of a larger struggle against "radical judges" impeding presidential authority (40:10).

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5. The Intersection of Economic Policy and Geopolitics

Timestamp: [45:24 – 47:25]

Returning to economic discussions, Taj Gill from the American Prosperity Group addresses the implications of the Senate's amendments to the Inflation Reduction Act. He criticizes the Senate for removing provisions that would prevent subsidies from reaching foreign entities, particularly Chinese companies. This, according to Gill, jeopardizes American solar manufacturers by allowing Chinese competition to flourish unchecked (45:24).

Gill underscores the administration's commitment to protecting American industries by ensuring that taxpayer dollars are not diverted to foreign competitors. He warns of the potential "disaster" if Chinese companies infiltrate the American solar market with compromised products, referencing a Reuters report about spyware in solar inverters (46:31).

Bannon echoes these concerns, emphasizing the necessity for stringent trade reforms to safeguard American economic interests against foreign exploitation (47:09).

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6. Concluding Remarks and Future Outlook

Timestamp: [43:48 – End]

In the closing segment, Bannon reflects on the episode's discussions, reaffirming the administration's dedication to economic revitalization and border security. He highlights ongoing legislative efforts and the anticipated long-term effects of both domestic policies and international challenges posed by the BRICS summit.

Bannon also addresses recent judicial actions, portraying them as indicative of a broader struggle between the executive branch and an "imperial judiciary." He calls for vigilance and continued support for the administration's initiatives to ensure the nation's economic and sovereign integrity.

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Notable Quotes

• Scott Bessant: "This is a growth agenda...tax certainty, cheap energy and we are going to deregulate and make it possible for long-term projects for the private sector and the public sector to do what we should be doing in terms of our long-term electricity needs, our fossil fuel needs for businesses to be able to have great certainty, make long-term investments." (04:35)

• Philip Patrick: "This is a violation of we the People's most basic sovereign rights." (43:00)

• Nick I. Covella: "Gold becomes the savings account where US debt used to be." (23:23)

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Conclusion

Episode 4604 of Bannon’s War Room offers a comprehensive examination of the United States' current economic strategies, legislative battles, and geopolitical challenges. Through robust discussions with key stakeholders, the podcast underscores the administration's efforts to stimulate economic growth, protect national sovereignty, and counteract international moves to diminish the US dollar's global influence. As BRICS nations advance their agenda and domestic judicial decisions test presidential authority, the episode paints a picture of a nation at a critical juncture, striving to reclaim its economic and geopolitical standing.

Transcript

[Scott Bessant]

One of the reasons, other than my support for President Trump, that I came out from behind my desk and I had a pretty good life. And I wanted to come out and really tell people that I was worried about an impending financial calamity given the high levels of government spending that were leading to high levels of government debt. So what we are doing on one side the president is reordering trade. On the other side we are shedding excess labor in the federal government and bringing down federal borrowings. And then on the other side that will give us the labor that we need for the new manufacturing. And we're going to relever the private sector. So the private sector in essence has been in recession during the Biden years. And this is an opportunity to right size the federal government and unleash the private sector again because it's been hemmed down by excessive regulation and it's been crowded out by the government.

[Stephen K. Bannon]

We are under your direction. We're reprimantizing the economy, we're bringing down government spending, we're bringing down excess employment in the government sector. On the other side, we're going to re leverage the banking system. We're going to have all the new manufacturing jobs. Everyone who's laid off the from the government will have an opportunity to go into the private sector. And that is going to lead to disinflation. We're going to inflation is under control. We're going to get the affordability crisis fixed. So lower energy deregulation, more private sector jobs that will naturally get interest rates down. Interest rates down. Mortgage rates are down almost every week since January 20th. The energy costs are down about 15%. Crude oil is down about 15%. And as we keep that going, interest rates are going to keep declining. It'll be good for mortgages, it'll be good for credit card debt. It'll be great for auto loans.

[Steve Bannon]

This is the primal scream of a dying regime. Pray for our enemies because we're going.

[Mike Davis]

Medieval on these people.

[Steve Bannon]

I got a free shot.

[Mike Davis]

All these networks lying about the people.

[Steve Bannon]

The people have had a belly full of it.

[Mike Davis]

I know you don't like hearing that.

[Steve Bannon]

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.

[Philip Patrick]

And where do people like that go to share the big line? MAGA media. I wish in my soul, I wish that any of these people had a conscience.

[Mike Davis]

Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.

[Secretary of Treasury]

War Room.

[Mike Davis]

Here's your host, Stephen K. Banner.

[Steve Bannon]

It's Wednesday to July in the year of our Lord 2025. There's a very dramatic activity on the floor of the House as the big beautiful bill actually they try to pass an amendment to a rule and then pass the rules. They actually vote on the bill and debate it tonight. And I imagine they're going to try to go through the night. Officials from the White House just gone and brief certain members of the House Freedom of Caucus. Ross votes been down there. I think he's back now at omb. We're honored to have the Secretary Treasury Scott Bessant with us. Mr. Secretary, I think it was about a year ago April, May of 2024, you made the statement here on the show that hey, I think this is the last chance we'll ever have, the country ever have to have a supply side solution to the economic and financial problems of the country. My belief is that's got gotten kind of lost here in the last couple of days as the Senate dealt with this bill and now the House deals with this bill. You have all this discussion with structural changes in the out years and cbo. I think people have lost the plot. This is about growth. It was always about growth and about growth that grows faster than the deficits, faster than debt and gets you on the plan to take go from 6% deficit to GDP down to 3. Can you just step back for a second and walk us through with the overall economic and financial plan that is embodied, manifested in this piece of legislation that we're trying to get pushed over the coal line either late tonight or tomorrow. Sir.

[Secretary of Treasury]

Steve, good to see you and it's good to be on because the war room audience is my favorite audience. So I miss being on and you hit the nail on the head. This is a growth agenda. As I said last year I was really worried that the economy, the Democrats were, were tying the economy down. It was kind of like Gulliver and a little Puffians. And the more they did, the more they regulated. We were never going to be able to grow our way out of this. And you know, I'm going to focus on tax. But as I've said before, President Trump's economic agenda is a three legged stool. So trade tax and deregulation. And on Friday. I think we made great progress in the House today. And I've got to say these Freedom Caucus congressmen and a couple of senators have reset the center of gravity in terms of the spending. They're holding people's feet to the fire And I think that we are going to have economic growth like we haven't seen before. And here this bill has something for everybody. But one of the main parts is the 2017 Tax Cuts and Job act that was 100% expensing of capital goods. We've added 100% expensing for factories and agricultural structures. So we're going to have this boom in the country that it could be growth like we haven't seen and since Post World War II, since the 1890s, at least back to the 1990s. And we are making the US the best destination for capital. You're going to have tax certainty because we are never going to have to listen to this twaddle again that these are the biggest tax cuts in history because it's going to become the baseline, they are permanent. And the power of this permanence and giving people certainty I think is going to drive a lot of growth. So we're going to have tax certainty, cheap energy and we are going to deregulate and make it possible for long term projects for private sector and the public sector to do what we should be doing in terms of our long term electricity needs, our fossil fuel needs for businesses to be able to have great certainty, make long term investments.

[Steve Bannon]

You make a good point that thinks lost on people. I want to go through it right now that if you look at Biden with the massive spending they had in the huge deficits, the real economy, the actual if you took out the federal spending, the economy was in a recession and had been in a recession. One of the things you said you and President Trump were focused on doing was re privatizing the American economy. Can you explain that to folks what that means?

[Secretary of Treasury]

Yeah, it means the pulling down exactly as you just said, pulling down this government spending and letting the private sector take over. The private sector got crowded out and I was with, on Friday I was with the Senate Republicans at lunch and one of the senators said I used to be in the luxury car business and I'll tell you that my biggest clients were the people who were feeding off the IRA and the Green New Deal. And they would come into my showrooms and they were buying Porsches, Maseratis, Rolls Royces and they were laughing at everybody in Congress and how much money they had taken. So like these subsidies and these are just stranded assets that are going nowhere. One of the biggest difference, as I said, I had very good conversations with the Freedom Caucus members yesterday. I'm sure that they are going to get to yes, on behalf of the President on behalf of the American people. But I told them one of the biggest, biggest changes between the House and the Senate was the House. When the bill left the House full expensing for factory equipment, farm equipment, any business equipment was only for five years. The Senate made it permanent. So that was probably another 400 billion scoring over the 10 year window. And I said, guys, you know what, if this were some dead end government spending program, I would be the first to raise my hand. This is sound economics. So I believe that we are going to see business resurgence. President Trump has talked about the trillions of trillions of dollars that want to come in from overseas. I have been out on the road, I've been meeting with business leaders and they've all been waiting to start their capex until they have the certainty that they're going to know here. So I think this could be a private sector boom like we haven't seen in years.

[Steve Bannon]

And that's what it was structured for. You've got full spectrum energy dominance to lower energy costs. You've got the changing commercial relationships internationally with the tariffs or trade deals. Either we'll reshore the factories here and get the tax revenue from production here and from incomes here, or we'll get the 3 to $400 billion even CBO is forecasting. You'll get over and above that on tariffs. You have massive deregulation, deconstruction, administrative state. All of it comes together in one package. And here's the thing, I President Trump already has a track record of hitting 2.8%. That was the average over his first three years before the bioweapon from China hit us. But people forget the fourth quarter of 2019 was 3.4%. He had hit surge. You know, he had hit the surge, he'd hit the inflection point. Is that the type of thing that you're anticipating here, where you get all these things coming together and it's going to take a while obviously to pull it together. But you see that we could get growth north of 3% again because if the United States doesn't get the 3% growth, the project itself doesn't overall work, Correct?

[Secretary of Treasury]

It doesn't. But I am confident that we can. And Steve, I know you want to focus on the one big beautiful bill today. But I will say one of the things that President Trump has done with this trade agenda that no one has noticed yet, and it's going to become very obvious, we're going to start talking about it for 20 years, 30 years, 40 years, the trade negotiators were willing to sacrifice a manufacturing base. Okay, we want, as your friend Larry Fink said, and a good quote, capitalism without guardrails. We want capitalism without guardrails. We'll lose our manufacturing sector. We will not have any tariffs, but in return we will sell you ag. So there was this false choice between manufacturing and ag and the trade deals. Now because President Trump was very aggressive with the Liberation Day tariffs, we are getting a tariff wall up that is going to help our manufacturing sector and part of our trade negotiations is selling the magic. So it is possible President Trump has shown and we are going to reap the benefits that we are going to get both. We are going to have a revitalized precision manufacturing sector with good high paying jobs that allow families to save for the future own homes. And the agricultural sector is going to do great. With the announcement of the Vietnam deal today, corn soybeans are up 2 or 3%. So the what had happened in the past is over and both sectors are going to do well.

[Steve Bannon]

The capital markets right now are looking at this and are responding. Equity markets S and P500 reaching all time highs. The bond market looks like they're accepting this, in fact maybe even welcoming this. 10 year treasuries are down, credit spreads are tight. Looks like the we're going to go to Brazil here next to Philip Patrick but you've a little bit chop blocked the global south and their efforts to get off the dollar is that, do you agree with that? The capital markets are receiving more. They understand about the big beautiful bill. They like what they see.

[Secretary of Treasury]

Steve, 35 years in the markets. Markets live in the future and occasionally markets panic. We had this huge panic right after Liberation Day up from say April 2nd to April 9th. After that we had the fastest recovery, fastest recovery in stock market history for a 15% drawdown. I believe it was 54 days. We'd never seen that before because the bunch of folks in New York who didn't like tariffs panicked. The market now sees through this and sees the how good this is going to be for the economy. The one, the one big beautiful bill is going to power us. And back to your point, not only did we have by 4Q19 did we have the high growth level. It was not inflationary growth. So the inflation level For President Trump's first term was around 2% right at the Federal Reserve target. And we're on our way back there and this narrative, false narrative on the tariff inflation, that was really the dog that didn't bark dog that didn't Bark.

[Steve Bannon]

I know you got to. I know you got to bounce. The Warren posse is so glad to see you back. Good luck tonight to get the bill passed. Thank you sir.

[Secretary of Treasury]

Good, good to see you.

[Mike Davis]

This July there is a global summit of BRICS nations in Rio de Janeiro. The block of emerging superpowers including China, Russia, India and Persia are meeting with the goal of displacing the United States dollar as the global currency. They're calling this the Rio reset. As BRICS nations push forward with their plans, global demand for US dollars will decrease bringing down the value of the dollar and your savings. While this transition won't not happen overnight.

[Steve Bannon]

But trust me, it's going to start in Rio.

[Mike Davis]

The Rio reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality. Learn if diversify your savings into gold is right for you. Birch Gold Group can help you move your hard earned savings into a tax sheltered IRA and precious metals claim. Your free info kit on gold by texting my name Bannon. That's B A N N o N to 989-898 with an A plus rating with the Better Business Bureau. And tens of thousands of happy customers led birchgold army with a free no obligation info kit on owning gold before July and the Rio reset. Text Bannon B A N N O N to 9898. 98. Do it today. That's the Rio reset. Text Bannon at 989-898 and do it today. Here's your host, Stephen K. Banner.

[Steve Bannon]

Want to thank Secretary Beza. I know he's extremely busy to come back and join. He loves the Warren Posse. We promise we're going to commit the game on more frequently now. So massive, massive fight on the Hill right now to get the big beautiful bill through the House, even get it up as a rule. So that's going on and barely. And the question gets to be how do you, how you say you're going to vote for rule and not the bill but people say they're not going to vote for the bill. We're going to try to get that all clear here in the five o' clock hour. Another bombshell. A federal judge. I know this is going to shock the audience. A federal judge has just announced they're barring, they're putting a ruling. A federal judge is barring. The federal judge bars Trump's Trump administration from expelling asylum seekers. The judge ruled that the president cannot create, quote, an alternative immigration system, unquote, that tramples on existing federal law. Mike Davis. This is big enough that we sound the alarm. We're tracking down Mike Davis. He will join us here momentarily. Make sure you go to birch goldberg.com Bannon the end of the dollar empire get up to speed. All this debt ceiling, debt deficits, canes, all of it. How it relates to the US Dollar, which is the prime reserve currency. The entire world revolves around the US Dollar and that directly affects your financial situation. Understand how gold has been a hedge against this since the beginning of time and actually since so much of the bad stuff has happened to us since 1971 when Nixon took us off really the gold standard, the convertibility into gold. Understand that it's not about the price, it's the process of how you get the price. And that's what Birch Gold in the Worm will teach you.

[Nick I. Covella]

Go today.

[Steve Bannon]

And Philip Patrick Phillips we just had the Secretary of Treasury on. You follow? You're actually down in Brazil. This is a very big deal and here's the reason the I think and I this is my interpretation. They may be off of instituting an alternative plan now, but the rumblings of the BRICS nations has getting louder every day. And it's not just a big beautiful bill and some of the deficit financing. This is really kind of now forming into a bloc that is a geopolitical unit of the Global south that controls most of the resources in the world and they want their own currency. So walk us through. You're down there. You're going to be bringing it all to us over the next couple of days. What's your sense as you've arrived there?

[Nick I. Covella]

Yeah, great. First of all, thanks for having me on. A great city, it's young, it's energetic. You can feel the potential. Walking off the airplane, you understood immediately what a big deal this meeting was. Literally getting off the plane, signs for BRICS 2025 plastered with their slogan Sovereignty, stability and Solidarity. That's not subtle, right? This is a rejection of Western financial control. Anecdotally, I've only been here for a bit. We've got some big meetings lined up throughout this week. But just anecdotally I remember coming here 20 years ago and everyone from street vendors to taxi drivers were desperate for any other currencies. Euro, pound, sterling, obviously dol. I tried to pay a street vendor with a $20 bill last night and the guy just looked at me and shook his head. Look. I think the feeling on the ground, at least in Brazil, they view the dollar's role as sort of global role as a form of financial colonization And I think a general feeling is that they've outgrown the dollar's dominance or dependence on the dollar. Lula said it two years ago. He goes to sleep every night for wondering why the dollar is the standard for global trade and it's bleeding onto the streets.

[Philip Patrick]

Now.

[Steve Bannon]

Hold it, hang on. You actually gave a street vendor a 20 and he didn't have change for it? He wanted, he wanted another currency. He wanted to present. That is the worst. That's the equivalent of Joe Kennedy going to Wall street, getting out the subway and the guys, the guy, the shoeshine guys were sitting there talking about the stocks they were trading. He went up and sold all his stocks and saved his empire from collapse on, on, on the Great Depression, right on black, Black Thursday or Black Monday. So a street vendor said, I can't, I'm not taking a 20.

[Nick I. Covella]

He looked at me, she looked confused as to why I was even offering it. I was blown away, Steve. Really I was. It's crazy.

[Steve Bannon]

That's worth all, by the way. That's worth all the analysis in the world. And that right there, it shows you these people are. Go, go back and give me the three, the three slogans that are there for the, for the brics. The BRICS conference. When you walk off the plane, what does it say?

[Nick I. Covella]

Sovereignty, stability and solidarity. It was frightening to see it like that, honestly.

[Steve Bannon]

Sovereignty, no, but this is a movement. This is something so powerful. This is a geopolitical movement of the global south that thinks, quite frankly, the industrial democracies have peaked, have seen their day, and they understand the importance of somehow getting a basket of currencies or something, and if they can point to a gold certificate or anything related to gold, because their central banks are all buying gold non stop to make sure that they're not stuck with the dollar to be able to then have what they feel is their sovereignty back. Is that correct?

[Nick I. Covella]

That's exactly correct. It's exactly correct. And the idea isn't another currency. Right? Look, we've, we've gone that central banks around the world can all print currency in terms of availability, in terms of liquidity, there is no currency that can rival the US Dollar.

[Mike Davis]

Right?

[Nick I. Covella]

So I've said it before, but forgive the expression, the dollar is still the tallest midget in the room. But when Biden first froze and then seized Russia's dollar deposit, he shattered the world's trust in the dollar as a reliable asset. The brics don't trust one government, I would say, more than the us. They don't even really trust each other. But I think a big part of the Rio reset is moving away from currencies, creating mechanisms and procedures to settle trade balances in gold bullion rather than currency. China don't want rubles. India don't want Brazilian reals. The big picture, I think the Rio reset is not about replacing the dollar with another unbacked currency. The world has 200 of those already. It's about building a system that, that doesn't rely on any single nation. Gold is politically agnostic, it's universally valued and trusted. But we as Americans, we've dominated that financial system. We've got the most to lose.

[Steve Bannon]

Hang on, hang on. That's a blockbuster take. Rewind that and walk me through that for a second. I find that fascinating. You're saying that you think the underpinning, the underpinning current here is that not to take the effort to try to do what they've talked. The Chinese finance minister is trying to push the yuan with some sort of gold backing. You think the smart guys are going to say, hey, why don't we just disintermed the whole thing of currency, currency out of the way, get the west side of the way and go right to back to at least doing it with gold bullion? Is that what you're saying?

[Nick I. Covella]

Yeah, look, they've created systems that are up and running today. Right. Enbridge is a platform that's actively making cross border payments using local currencies. So I think idea now is to dilute the dollar's share of international trade, use global currencies and then settle those trades with gold. Gold becomes the savings account where US debt used to be.

[Steve Bannon]

Okay, so now you've just made the smartest pitch ever for why people have to understand gold and have to understand why it's been a hedge against fiat currencies since the beginning of fiat currencies. How do people do that? What's your best recommendation? Because we want to make sure and we want to get the most out of your trip with this audience. It's extraordinary that your team is down there. We think it's fantastic. This is the most important financial meeting of the year, maybe of many years. And it's happening at the same time as the great big beautiful bill is grinding its way through the legislative branch. And you saw the Secretary of Treasury making the pitch, as you and I have talked many times before, about the supply side nature of this and the production side nature. So where do people go and how can you guys help at Birchgold to make sure they understand gold not the price of gold, but the process of what drives the value of gold.

[Nick I. Covella]

You're absolute. By the way, I've stolen that line from you. I use it with customers all the time because I think it's absolutely spot on. It's very simple. They need to get the information. We are, we are seeking it and putting it out as often as we can. So it's birchgold.com Bannon again. Birchgold.com Bannon that'll get them access to a ton of information, current stuff happening in Rio, how and why to invest in precious metals and very importantly, the end of the dollar empire. They can also text Bannon to 989-898. We'll be here, as you said, for the week. We've got some really good interviews lined up. So we'll, we'll have a lot of good information coming out. Hopefully I'll be back on to, to let everyone know but birchgold.com Bannon or they can get me at Philippatrick on getter.

[Steve Bannon]

Philip, thank you so much. Great to have you on here. Great to have you file the Secretary of Treasury. Philip, that's my, he's that important, I think. No, it's you, you've, you've, you've done such a great job of informing President Trump's base about the reality of all this. It's gone a long way to make sure people are back in his economic programs. Mike Davis by phone. And Mike, I'm going to ask you to hold through because we're not going to be able to get through it. A bombshell ruling. Brother, I thought we were past these. I guess what just happened, sir, with a federal judge has just put the brakes on President Trump's deportation program.

[Philip Patrick]

Yeah. We have another Democrat activist Judge this time D.C. obama Judge Randolph Mars telling the president of the United States that he needs to reopen the border and let in the flood of fake asylum seekers who came into our country. Apparently 20 million fake, fake asylum seekers during President Biden wasn't enough for this Obama judge Randolph Moss. And so he's telling the President of the United States that he is no longer the commander in chief. Apparently he can no longer secure our border. He can no longer repel this invasion of our border. These judges have forged the legitimacy of the Supreme Court of the United States and the lower federal courts. The Supreme Court just ruled six to three that these judges cannot issue these nation wide injunctions. And here we are a week later, less than a week later, and this judge, Randolph Moss, this D.C. obama judge is saying, okay, we're not going to do nationwide injunctions. He's just going to certify a class of every asylum seeker in the world and say that every asylum seeker in the world is a class under this lawsuit and therefore there is the Obama. Or that Trump needs to let down.

[Steve Bannon]

Yeah. Hang on a second. Or take a break. Mike Davis warned us about this on the day of the Supreme Court. It's come true. Next in the world.

[Mike Davis]

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[Steve Bannon]

Do it today.

[Mike Davis]

Here's your host, Stephen K. Bann.

[Steve Bannon]

Okay, folks, why we have this battle royale on the Hill about the big beautiful bill and try and get a pass. You heard the secretary treasurer. You got this other huge fight that's going to take place down in Rio de Janeiro where the Third World or the Global south, as is now called the resource rich global. Global South, I think is going to put a shot across the bow of the industrial democracies on this, the centerpiece. And actually at the White House today, Mike, they were, they were arguing, they're arguing for the guys on the Hill to say, look, if everything else, the centerpiece of this and centerpiece of President Trump's program is the ceiling of the border in the mass deportations. This is what they're arguing about, the big beautiful bill, because I think it's got $150 billion in there to build the wall, secure the, you know, keep the troops down there, secure it, get ICE working, get border patrol working and build the logistics systems like things like, although it's a state level, like Alligator Alcatraz to basically start shipping these bad hombres and the other hombres home. And now a federal judge in D.C. which I thought used to be the Southern District was the finance, prestigious finance thing for the judiciary. D.C. was for government. You have another wild man actually come out a week after the Supreme Court and give a class to the asylum seekers, which is between 10 and 20 million. They came here illegally in the Biden regime, sir.

[Philip Patrick]

Yeah. This is an insane and unacceptable ruling by this D.C. obama judge, Randolph Moss. Just last week, the Supreme Court ruled that these activist judges cannot issue nationwide injunction. It is very clear this judge Randolph Moss today try to get around that by saying, oh, I'm not issuing a nationwide injunction. I am certifying a class of every asylum seeker on the planet and saying that President Trump cannot keep these asylum seekers out of America. Essentially, Randolph Moss thinks he's going to overturn the last election, overturn the will of the American people and sabotage the President's core Article 2 executive power as Commander in chief to protect our country from a foreign invasion. This is unacceptable. The Supreme Court just said these judges can't do this. This, this judge turns around, does an opinion today ignoring the Supreme Court saying, oh, it's not a, it's not a nationwide injunction. This is a class certification, even though he did not go through any of the steps required for class certification. And then to certify an entire class of every asylum seeker on the planet is absolutely insane. This needs to get appealed immediately to the DC Circuit. The DC Circuit has become lost to Obama and Biden judges. Hopefully they'll get a three judge panel that stops this. But that could go on bulk, meaning the full D.C. circuit, all the active judges on the D.C. circuit could take the case. And then that's dominated by Democrats. And so this is going to come up to the Supreme Court. Chief Justice John Roberts, who's the circuit justice to the D.C. circuit. It could get referred to the full court, I'll tell you to John Roberts, we've been warning you for months that you have to get your judicial house in order that these activist judges are not operating in good faith. And this is exhibit a with this D.C. obama Judge Randolph Moss, who is clearly ignoring the Supreme Court's order last week that these activist judges cannot issue nationwide injunctions. This guy is effectively doing this worldwide.

[Steve Bannon]

Well, a couple of things. Number one, when you certify a class, is he saying that everyone that claims their asylum seeker, everybody that came here, the 10 to 20 million right now, is like a protected class and they will move through some legal procedure as a class? Is that what he's saying?

[Philip Patrick]

Under Rule 23 of the Federal Rules of Civil Procedure, you have certification and you, your classes. When you are certifying a class of plaintiffs, that means that their claims are all the same or essentially all the same. That's not the case here. You have different people who are claiming asylum from different countries for different reasons. Right. And so even if he did go through the Rule 23 class certification, which he did not properly go through that process, clearly he just did it by fiat. Even if he did that, that's he, he committed reversible legal error by doing this. They're not all the same. They're not similarly, similarly situated plaintiffs.

[Steve Bannon]

So the, the, the Supreme Court's gone, right? I mean, they've blown down yesterday or Monday.

[Mike Davis]

They're gone.

[Steve Bannon]

And that's sacrosanct. We're not going to see them back to the first Monday in October. How does this get, did they get called back? Because this is that big. If, because the appellate, the D.C. appellate court, so radical they're going to back this up, then you have to go to the Supreme Court and some emergency docket. Did they do that just by briefings or you have to. Isn't this something that's going to require an oral argument? Sir?

[Philip Patrick]

What I think will happen, I think this judge, if I, if I'm reading this correctly, he's, he's saying his order will take effect in 14 days. So that gives them 14 days to get to the D.C. circuit, and hopefully the D.C. circuit will get to the right result. If not, then the Solicitor General of the United States, John Sauer, will file an emergency petition on the emergency docket of the Supreme Court. And I, you know, the Supreme Court justices work until the end of June and they take two months off. Well, they're going to be working this summer because they failed to get their judicial activist in. Their judicial activist in line. They failed to get their judicial house in order. And now this sabotage continues. It used to be through nationwide injunctions. Now it's through bogus class certifications worldwide of every, every asylum seeker in the world is part of this class, apparently. So, you know, I mean, this is, this is the problem with the Supreme Court. If the Supreme Court, if they would have just put their foot down many, many months ago. As we said on your show many times, if they would have slapped down these activist judges many months ago, we would not be dealing with this.

[Steve Bannon]

No, Mike, I remember saying this, that by June 30th, by the end of the session, they had to really, particularly Roberts, had to force the issue of so many things about the President's Article 2 powers, particularly the powers as commander in chief to repel the invasion. This is exactly what is. And the guy basically waits to the court ends and Roberts hasn't done anything and he drops a bomb. He was waiting for this. I mean, it's so obvious that Roberts didn't step into this, enforce this, because we said it'll be a long, hot summer. You're not, this is going to be, this is not going to be taken care of. The office of the President is not going to be reinforced, and you're going to have a long, hot summer because you have not come in and really backed him on his Article 2 powers. That's what this is, right? This is a power play by a judiciary that's still an Amy Coney Barrett's, you know, rings in your ears. An imperial judiciary, sir.

[Philip Patrick]

Yeah, this. And by the way, this is not illegal immigration that's coming across our border. This is not Immigration and Nationality Act. Right. This is a foreign invasion. The President of the United States has the constitutional power and the constitutional duty to repel an invasion of our country. And Joe Biden Let in 20 million illegal aliens, foreign invaders into our country, including fighting age men, men under the pretext of asylum seekers. These are fighting age men. Where the hell are their wife and kids? Right? They're, they're persecuted so much, they left their wife and kids at home. And when they are marching for weeks through Mexico with safe passage, they couldn't stop there. After they were free, free from their, their third country, from their, from their BS asylum plane. They kept coming to invade America. And then the Supreme Court and the lower federal courts let this happen for four years. The Supreme Court in 2023, in an opinion written, written by Justice Brett Kavanaugh, said that the governors didn't have standing to stop this invasion. Right? So here we are two years later, and President Trump is trying to do what he promised American voters. What he would do is constitutional duty as commander in chief. And it's to get these foreign invaders the hell out of our country. And we have these activist Democrat judges and these weak sister justices on the Supreme Court who have allowed this to happen. They are violating we the people, we have the sovereign. We have the sovereign power. And the most fundamental sovereign power is controlling our border and controlling our populace. We never gave that sovereign power away at any time, not at our founding under the Fifth Amendment, not after the Civil War under the 14th Amendment, not at any subsequent Congress since then, certainly not after the last election. We, the people get to control our border. We the people get to control our populace. And we made a decision to get these 20 million foreign invaders the hell out of our country. And these courts are trying to stop this. They are violating a covenant between we the people and our governments. They are violating the Constitution in the most poor way you can violate it.

[Steve Bannon]

MIKE so clearly they didn't learn the lesson that was delivered last week by the Supreme Court. And I'm telling you now more than ever, this is going to be a epic fight between the executive branch and the judiciary. And I'm just telling you, I think that these radical judges on this judicial insurrection are given the middle finger to the Supreme Court. And that's going to have a whole different and dark element to it. So it's, we're in treacherous territory right now, Brother Davis. You have warned, obviously, you've warned the President, you've warned the Senate Judiciary Committee, you've warned the American people on, on War Room. You've done a great job, Article three. But I'm telling you, this is, this is just in your face. This thing is so bold, so aggressive, so outrageous, given everything we've gone through in the centrality of this to all of President Trump's plan to get the country back on its feet, that I gotta tell you, and they're just showing you they're daring you to do anything about it. MIKE Davis.

[Philip Patrick]

Well, I would dare to say this to the Chief justice of the United States, you have only failed to get your judicial house in order. You have these radical activists who are continuing to not only sabotage the President of the United States, the presidency, the will of the American people under Article 2, they are giving you a middle finger as the Chief justice of the United States. This started under Biden D.C. judge Amir Ali, when he sent $2 billion out the door to his terrorist buddies under the guise of foreign aid. And not a damn thing happens to stop him. The Supreme Court lets this happen, doesn't let the of the United States to a national security review. And this has only gotten worse since that not only are they sabotaging the presidency, they're sabotaging the Supreme Court. And this is a test for the Chief justice because he Keeps failing over and over and over. He keeps failing. When is he going to get his judicial house in order? And when the hell is Congress going to step up and start having oversight hearings on these activist judges? When are they going to start having being contempt of Congress proceedings, impeachment proceedings, cutting off their funding? Enough is enough. This is the red line. We are not going to let 20 million foreign invaders in our country. We're not going to let America turn into third world Marxist trash with birthright citizenship for the kids of this trash so they can take every welfare program in this country and turn us into Europe. It's not going to happen. This is not going to happen. This is a violation of we the People's most basic sovereign rights.

[Steve Bannon]

Mike Davis, where do people get your social media and Article three, sir.

[Philip Patrick]

Article three Project Org. Article number three Project Org. You can follow us on social there you can donate but only what you can afford and take action. We need, we need to step up the Chief Justice. It sounds like he's a rattled Chief justice with his head up his ass.

[Steve Bannon]

Yeah. Mike Davis, thank you. Thank you for taking time. We tracked you down. Thank you sir. Told you this was going to happen. Told you we're going to have a long hot summer. Told you that these radicals are going to unless they put it to bed before the end of the session. This is exactly what was going to happen.

[Philip Patrick]

Short break.

[Mike Davis]

Enjoy a delicious glass of Dr. Formulated field of greens each day and you're going to feel amazing. Plus your doctor will notice your improved health or your money back. How can a fruit and vegetable drink promise better health? Each fruit and vegetable and field of greens was doctor selected. Support vital organs like heart, liver, kidneys, metabolism, immune system and healthy blood cells. Let me get you started with 20% off and free shipping. Visit fieldofgreens.com and use my code Bannon. That's fieldogreens.com code Bannon. Remember, every day you get your the max you need of your fruits and vegetables in this real organic superfood. That's field of greens.com code Bannon for 20% off and free shipping. Here's your host, Stephen K. Bann.

[Steve Bannon]

Okay, to get you up on some inside baseball. What's happening is that they're trying to get this rule passed to try and get the big beautiful bill passed. But they are working with Freedom Caucus and others about a maybe a series of executive orders that will take care of some of the issues that that happen between the Senate. I just want to give one great example. We get Nick I. Covella, who's over at the. The, the American Prosperity Group, the Committee for Prosperity, sir, give me this outrage about the Chinese Communist Party. What happened in the Senate that was stripped out. This is the kind of thing I want the audience to understand. This happened all over and this is why people in the House are outraged. What do you got for us, Nick?

[Taj Gill]

So it's real simple. The Democrats passed the Inflation Reduction act, massive subsidies for renewable energy. They didn't prohibit China from being able to come here and take those subsidies. It's called a foreign entity of concern. Real simple. China, Iran, Russia, North Korea. You're an entity from one of those four countries. You shouldn't get American taxpayer dollars. And the House put great provisions in their bill to stop this money from going to these Chinese companies. And the Senate just gutted it. And it's going to be terrible. What's going to end up happening is the subsidies aren't going to go away and we're going to lose the actual American solar manufacturers who are investing in the country and providing decent jobs. And the Chinese are going to flood the entire country with CCP solar. Reuters just did a report there was inverters that had spyware in them. And this is just a disaster that the Senate caved like this.

[Steve Bannon]

Caved. We were going to have Nick back on tomorrow to go in more depth. But Nick, why can't you join us tomorrow?

[Taj Gill]

Tomorrow's an important day because I'm going to become a dad. So some things are.

[Steve Bannon]

That's much more important than a world committee for Process America.

[Mike Davis]

Next.

[Steve Bannon]

Social media work, you guys, where they go for the, for the, for the group.

[Taj Gill]

We're at Prosperous America and you know, cpa, trade reform. What we do every day is fight for the American worker, the American manufacturer. And that means we're fighting against China every single day. And that's literally what this is about. We're either giving money to Chinese companies and opening the floodgates to them, or we're stopping, period.

[Mike Davis]

Not just giving money, giving tax.

[Steve Bannon]

The American taxpayers underwriting their own demise. That's what's terrible about it. I want everybody to track and go on Nick's thing. And Nick, we'll see you next week. And good luck tomorrow and good luck to your wife tomorrow. Always becoming a big deal.

[Taj Gill]

Appreciate you.

[Steve Bannon]

Thank you. Brother. Are you outraged yet? You should be.

[Philip Patrick]

God.

[Steve Bannon]

And that judge, Taj Gill make me feel better. Get. I need. I need a. I need a cup. I normally don't drink coffee this late in the afternoon, but I am now Because I'm gonna be up tonight working late. What do you got for me?

[Mike Lindell]

First off, congratulations to Nick and his wife for having the. We're about to have the baby tomorrow. And then we've got a big 4th of July sale going this week. Steve, we just started doing 25% off until Sunday night for a Fourth of July sale. The discount code for the war room posse, of course is war room. So if you're part of the war room posse, use promo code War Room. The website is Warpath Coffee and as usual, it is the best coffee out there. We've got over 11,000 five star reviews now on our website. The Mariner's blend is our dark roast. That is our best seller. We've got it in K Cups, 2 pound 12 ounce bags and it is the best coffee out there. We've got a breakfast blend. We've got breakfast blending K cups. Also we've got the summer blend. And then my favorite is the Italian Frogman espresso. That one is incredible. That, I mean, I mean, well, all these, all these, when we test them, I drink them all. My wife drinks them all. But the, the Frogman espresso is incredible. It's. It's a light roast and espresso, but don't let that scare you. You can drink the espresso with no milk, no sugar. It is incredible. We've got vanilla, hazelnut maple, bourbon. We've got it all. We've got all the different mugs. This, this one's my favorite. It's the rules. Never lose, always win, conquer everything. The war room posse is very familiar with that. Steve, if they're following you, you wrote the book, I'm winning.

[Steve Bannon]

We win sometimes. Even when, even while we. Even when we. Even when we lose, we're not beaten. Let's say that even when we lose, we're not beaten. We have resilience.

[Mike Lindell]

Oh, yeah, those are just. People don't know.

[Steve Bannon]

People don't know that we. That people don't know that. But Tasia, I got a competition going for Mariners blend, the dark roast that Tasia and the guys made for me years ago, working on it for years in this Italian espresso. I like people trying both. And you tell me if you're a dark roast, if you're a dark roast fan, you get the Italian Frogman espresso versus the Mariner blend. A real challenge where they go one more time, I want everybody to go for the big sale. Where they go.

[Mike Lindell]

Taj website is Warpath coffee and use promo code War Room. The Promo code, war rooms 25 off this weekend. And that's set up especially for the War room posse. Warpath Coffee promo code, war room 25 off your entire order this weekend. So get on there and buy as much as you can this weekend. We're blowing it out. There won't be another sale. This bit. Is that you on the back of November?

[Steve Bannon]

Yeah, that's Veterans Day. Is that, is that you on the back? Is that you on the back of that vessel?

[Mike Lindell]

Yeah, we took that this weekend in my buddy's cabin up in Lake Cascade, Idaho.

[Steve Bannon]

Oh, my Lord. Oh, my Lord. Tase, you're out of control. I love you, brother. Great job. Make sure you go to Warpath Coffee right now and check, check out the, the, the. All the reviews from fellow war repossi. Over 11,000 and leave one yourself. 11,000. Five star. Thank you, Taj. Mike Lindell, you didn't get arrested by security, so I know we were having a good day. Tell me what you did and then sell me a sheet.

[J]

You guys, this was a great day. I had many meetings here. I meet with the president tomorrow, but today I had other meetings and it was absolutely awesome. I couldn't ask for more, Steve, but I had a lot of fun in between. I did my show out here. Lindale TV is right next to to Fox News and they were doing a show. My loud voice came in very handy. Believe me, they heard me more than they heard Fox. And so it's been a great day. I never thought I'd be out here selling my pillow products. The greatest bugs ever. Right by the right where the White House. Here is the fourth of July special. You guys, it comes once a year, 50% off or more off all the products.

[Mike Davis]

Promo code, War Room.

[J]

You guys go to the website right now and scroll down tsc, Steve, click on them. Use that promo code, War Room. You guys, all these specials are there that we comes once a year. We put them up early for the War Room posse. Call my pillow. Call 800-873-1062 and celebrate July 4th here early by getting all the products. Remember everybody, we have over 300 products at my Pillow. Also remember to check out celebrate our [e-mail] promo code war room. Over a thousand USA products there.

[Mike Davis]

Thank you, Mike.

[Steve Bannon]

We look forward to seeing tomorrow from the White House. Short commercial break. Back in the War Room. Just a moment.