Steve Bannon (4:04)

This is the primal scream of a dying regime.

Mike (4:09)

Pray for our enemies because we're going medieval.

Steve Bannon (4:12)

Evil on these people's not got a.

Mike (4:15)

Free shot on all these networks lying about the people.

Steve Bannon (4:18)

The people have had a belly full of it.

Mike (4:20)

I know you don't like hearing that. I know you try to do everything.

Steve Bannon (4:23)

In the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience.

Mike (4:36)

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

War Room (4:46)

War room.

Stephen K. Bannon (4:47)

Here's your host, Stephen K. Band.

Steve Bannon (4:55)

It's Monday, 7th July, year of our Lord 2025 a weekend, folks like none other, with so many, so many massive stories and narratives breaking so many things around the world. We're gonna get them all, to get to them all today in the morning and afternoon show. It's gonna take us four hours to do this, so strap in. But for Mika, yes, we're on the search for answers. And we were the first ones to bring up, hey, you gotta get to the bottom of how this happened logistically, what happened with safety, security, all that. You've got these incredibly brave, you know, search and rescue teams. 1. One guy's already saved 165 people. They are fully engaged. We talked to some of the people providing support the other day. Ben Berkwam's on the. On the banks of the Guadalupe. Ben. And you're going to go to the press conference. We're going to cover, as we've done all weekend, I really want to thank real America's voice, Grace, Mo, everybody associated Elizabeth, Jane, everybody that worked on this from our side all weekend and one of the Search for Truth. Mika, I hope you keep an open mind because we got to start with a basic question. Remember, we're not conspiracy theory guys here. We're not, but they're no coincidence. We have to get to a fundamental and basic. We have to answer a basic question for the American people. Was this an act of God or is this somehow an act of man? And I, if people's heads are going to blow up and there they go at the war room, hey, we've been pretty damn good. Go back, go back and suck on the pandemic. When we nailed it on the first day, I think back In January, the January 20th of January 21st, 22nd of 2020, when we say exactly what the pandemic was and where it came from. Ben Berkwom. And look at that footage. Unbelievable. Ben Berkhom on the banks of Guadalupe. Give us an update. You're going to be there live. You're going to take off immediately and, and go for, and go to the press conference. Where do we stand this morning, sir, on kind of a black Monday.

Ben Berkwam (6:59)

Yeah, thanks, Steve. I just wrapped up an interview with Senator Ted Cruz. Latest numbers from Senator, and he's obviously got up to date, 82 dead, 24, excuse me, 28 children, and 10 of those children from Camp Mystics still missing. That's, you know, as of about 25 minutes ago. We'll be at the press conference in just under an hour and I'm sure we'll be getting an update on that. It's just, it's beyond a tragedy. Steve, you know this. As a daughter of a dad of a daughter, I'm a dad of three daughters. I just, I cannot comprehend the pain that so many of the families are experiencing. And the children who lost their parents, you know, the majority of the lives that have been lost are adults. So that means children are no longer going to have their parents with them. So this is not an event that's going to have ripple impacts for days or weeks or months. It's, it's going to be years. And to your point, you know, watching the mainstream media turn this into a circus about President Trump and trying to connect it to DOGE ignoring, basically scoring political points on the lives of children, ignoring some of the obvious questions. And like, to your point, on the, you know, not being conspiracy theorists, we've had rain manipulation, weather manipulation going on in America for years. And the, you know, for farmers particularly, you got dry areas. This actually the river was completely dry last year. It, because of droughts. And so they've been. There's a company called Rainmaker that flies over. They seed the clouds and you get more rain. Well, there's a, there's a legitimate question, did that have any impact? Did it increase the amount of water from that tropical storm that came up? I don't know. I don't have an answer to that. Those questions need to be asked. They're legitimate. They need to be asked in the future, should we have an early warning system like we have with tornadoes, where sirens go off and somebody goes down to those camps and says even at three in the morning when they're still sleeping, get the hell out of here. I think that's an absolutely legitimate question. But to spend all your efforts and trying to play gotcha while we're still searching for 10 missing young girls and potentially dozens of additional adults. The unknown missing is unknown right now. And so it's, you know, that's the focus and what we should be prioritizing is that thanking law enforcement and first responders for doing their jobs. These guys are absolute heroes. And then we can deal with the rest of that afterwards.

Steve Bannon (9:26)

Okay, this is, gets to a different point that. And we're going to talk a lot of economics today. We've got, it's a jam show but. And look, the geoengineering and the chemtrails, that's not my line of country. And the audience I think knows, they know where we cover, what we feel comfortable, we understand. We have, I think, better knowledge or understanding of certain situations and we can help people, you know, get access to that knowledge. There's some things, and not that I haven't been pitched and spent time with the geoengineering people or the anti geoengineering people, I should say, and the chemtrails people. But you see a situation like this, it's pretty obvious you got to start. There's all kind of questions about the logistics and decisions made and warning and you know, all this from, you know, 5 o' clock the previous afternoon. They'll have a timeline and what happened. There'll be details that'll be written and I'm sure court hearings and civil suits and all of it. And that'll all come out over time and who the heroes were and some people that flinched. Right, all that'll come out. But a very basic question that has to be answered. Was this an act of God or was this an act of man or the man have some role in the overall. Right. And of course they're going to politicize, but that's a superficial level. And you kind of see what Fox is doing right now to kind of get away from the question of is there something here that we should be really investigating? The deep state, the biggest. How do I say this politely? And you saw this last night from what Cash and these guys put out. And Tom Fenton, who's the best is going to be. Is right up. He was going to start the show, but we got to start with Ben because of this tragedy. And right there, the, look at the, look at that right there is the power of nature right? Now, who was nature? Was it just nature on its own or somehow some sort of a technology by the hand of man? And this gets into every issue we're dealing with. This gets back to artificial intelligence. This gets back to these things, Singularity, to, to quantum computing, regenerative robotics, artificial general intelligence, where man, remember the. The. The in the Gospel of Mark, right? To blaspheme the Holy Spirit is the unforgivable sin, the mortal sin that Jesus Christ himself said, hey, I'm no good. If you do that, don't come looking for me. I can't help you because it's unforgivable. We have to get into the deep state and find out exactly in this apparatus, these people that have made themselves gods, right, what are they doing? And we have to understand it. If we don't do this, we're not a constitutional republic. This entire apparatus, the entire system of government is based upon an informed citizenry and the consent of the governed. This is what July 4th. July 4th is not about backyard barbecues and magnificent fireworks and waving the American flag and doing what everybody does. No, it's a commitment back to first principles. First principles of those individuals who put it all online and created a republic that's lasted longer than any other. And this experiment continues on. And this experiment's only going to continue on if we ask the tough questions and do what's unreasonable sometimes and stand in the breach. That's. That's what makes the MAGA movement so different. That's why they fear you so much. You're just not going to sit there and be happy talked. We're not going to be happy talked in these things. And the answers will take us wherever the answers take us. And we'll deal with it at the time, but we're certainly going to look into it, to all of it. Those little girls demand it. They Demand it. We owe it to them like we'd owe it to everybody came before us. That's who we owe it to. Our responsibility is to them to know political party, to know political philosophy. To them they are just as much patriots as any patriots that died in service to their country. Ben Berkhwe, I know you got a bolt. Thank you very much for the update. I'm still a little confused about the numbers but at 11 o' clock I'll pick your brain. How's that sound? Somehow the math still doesn't add up to me but I'm just a. I'm just a simple, you know, dumb mick. But eventually I'll get the math right here. Ben Burkhawm where can people follow you non stop sir and get all your interviews?

Ben Berkwam (13:56)

Yeah, I got a ton more coming out footage we shot yesterday. More we're shooting today at Ben Berkwam most important one at real America's voice it's ealam voice on X and at real America's voice on Instagram getter all the rest of it.

Steve Bannon (14:12)

It's still raining out there in the hill country. Incredible. In North Carolina. Got hammered last night all the way from Southern Pines and Pinehurst all the way up from Chapel Hill. You see the footage? Incredible. Ben Berkwam go with God. We'll see at 11 o' clock Eastern Daylight Time. Start the second hour.

Ben Berkwam (14:30)

Yes sir. Thank you.

Steve Bannon (14:32)

My good. My good friend and colleague Tom Fitton who I think has done the most work and the serious work about trying to get to the point bottom at least do official channels. There's other people that are doing great, great investigations, entire Epstein situation and so on top of everything last night another bombshell dropped by the FBI and doj. Tom Fenton will be here to explain it all to you. Short break.

Mike (15:00)

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War Room (16:28)

Speaking of transparency and records, we had another story in Axios that ran last night from my colleague Alex Eisenstadt where the Department of Justice has in the Epstein case decided we're not going to release all of the records related to that. Oh by the way, Jeffrey Epstein committed suicide. There is no client list and that's that. I think if there's one thing we learned from the JFK case, it's probably a good idea in these instances to over disclose. But the administration in this case has decided not to do that. However, in the JFK case they are. And people who have been very critical of the CIA are saying at least John Radcliffe, who's the head of the CIA and Tulsi Gabbard, the Director of National Intelligence are making this serious, taking this seriously.

John Solomon (17:12)

So the reporting from Axios is that the DOJ is saying there is no evidence that convicted sex offender Jeffrey Epstein couple lists of high profile clients. And, and yeah, and, and talk about the complication of that for the DOJ and for others. There's been so much disinformation surrounding client lists apparently and all these other things that it's something that leaders in the FBI have obviously been trying to explain to the MAGA base. Who does don't appear to want to hear this.

War Room (17:54)

Well, they don't. Cash Patel, the Director of the FBI and especially the Deputy Director, Assistant Director Dan Bongino, he used to be a podcaster and was one of the large proponents the idea that there's a Neptune list there, this is a cover up, this reaches to the highest level. Then he winds up being the number two guy at the FBI. And now he's like, oh, I've looked at the evidence. All of that's not true. So of course this branch is two ways. Either Bongino has been corrupted by the very conspiracy that he claimed exist or the conspiracy really didn't exist. And it turns out that doing your job as a sworn law enforcement officer in a government agency that is governing is a lot harder than podcasting. And at a certain point, the facts matter. We don't have, obviously, all the access to all of the information, so we can't say, certainly, Jeffrey Epstein, who was a person of great interest and was incarcerated in a federal lockup, having committed suicide when he was under suicide watch, is very suspicious. However, the FBI has released what it says are the 10 hours of video footage showing no one went into a cell. So from the evidence we have right now, it does look as if what DOJ is saying is the truth. But once again, we don't have all the records. And what we've seen in the JFK case is more transparency is probably better, not less.

Steve Bannon (19:23)

Tom Fenton, because on top of everything else going on this weekend, I just don't even understand the timing of this, although I think we can make. We can speculate, but I want to go to you for facts. You. You are really. I never thought I'd say this, Tom, but you were our Justice Department during the Obama years. You. You were on Breitbart Radio with me every. All the time, almost every day. We. Putting lead stories up, what you guys were doing. I made a film about you guys. I made a film that actually starred you and your team. A district of corruption that I'm very proud of that really went to the heart of what you guys do. And now. And people are so close to Pam. And, you know, Cash was a. Was a co host here, right? And I made the film about Cash. I made the film about Tom Fenton. Disheartened corruption. I made Government Gangsters off of the book. Government Gangsters. Why did I make it off? Government Gangsters could just like Tom Fenton, who was like Elliot Ness. Cash Patel was like Elliot Ness. And he. He named names and he had facts, and he backed it up. And guess what? Nobody sued us, right, because it was all facts. And, of course, Dan Bonjr is one of the greats in our movement. So, Fenton, please explain to our audience what in the hell happened. What is this thing that came out last night? Sir?

Stephen K. Bannon (20:47)

I don't know. I read the memo three or four times again this morning, and it's. It's really. I don't think even the Biden administration would have written anything like this. I. I just don't think they could have thought they could get away with it. And I got to wonder what is going on at the leadership of the Justice Department and the FBI to allow them to think that statements like as follows. This is. This is a classic. Of course, we're suing for this stuff. Right. And so they say the systemic systematic review revealed no incriminating client list. So there's a client list, but it's not incriminating, so therefore you can't see it. There is also no credible evidence that found that Epstein blackmailed prominent individuals as part of his actions. Well, give us the incredible evidence. We did not uncover evidence that could predicate an investigation against uncharged third parties. So they uncovered evidence, but it wasn't enough to predicate an investigation against uncharged third parties. So you kind of. You can go line by line and kind of, you know, go through this analysis that I'm going through. It may be unfair or overly critical, but in my view, unless you have the records to back up the. The conclusions you've drawn in this, in a case such as this, this isn't worth much, and it's disturbing. It was leaked to Axios. Second time there's been a leaked Axios, by the way, by this Justice Department and FBI. Remember, we sued for the Biden videotapes of his interview with her. We were in court, literally in federal court. They're stonewalling us. And what do they do? They give it to Axios. Here, they give it to Axios. I mean, memo, by the way, it. It kind of drips with contempt for people like you, Bannon, for Judicial Watch, for anyone asking questions. Give us the document.

Steve Bannon (22:59)

Judicial. No, listen, we, we. I'd love Mark Caputo. We've had him on the show. We're going to have him on the show again because they leaked to him the Kennedy, the massive CIA leak, and John Solomon, the best. So you got, you got Fenton, you got Bannon, you got Solomon, they got. So hang on. So I have no problem with Mike Allen in Axos. It is the consensus thinking of the apparatus. Okay. Also, some people at the White House are quite close to these people. So this was a well thought through leak to a super prominent, particularly late at night. More than Drudge. Everybody will read Axios on a Sunday night. Before you go this exclusive, I just want for the audience to be very specific. Judicial Watch and Tom Fenton are suing doj. I think the FBI. What are you suing about? Why is your suit so important to this? And this is kind of a response to your suit, brother.

Stephen K. Bannon (23:52)

Well, we saw. We saw the, the kind of. This cluster with the release of the documents to the social media people, right. Many of whom are friends of ours, which is fine. But then, then they said, well, there were materials that were withheld by the FBI. So give us, give us all the epine records. We want the death records, we want the stuff about what the FBI withheld. Talk to us about how that happened and give us the records. Gen genuinely, you know, quite broadly. And instead they have been. It's been radio silence. It's been three months of no records. We haven't even gotten the file they leaked to the social media influencers. And in court the other day, I think I tweeted it out. I think they used the phrase exceptional circumstances. I guess the exceptional circumstances was they were writing a memo for Axios. So the court hasn't been told anything, any of this. They've made the conclusion that we'll get no more documents, it looks like, or a good number of documents will be withheld. And what's good about the lawsuit is that everything that they're saying here they're going to have to justify in court in no small measure. What records are you withholding? Oh, they're under seal. Let's talk about that. Let's describe what type of records are under seal, what records can't be disclosed because they're under seal, et cetera, whose privacy would be violated if records were released. All the excuses they're making here, they're going to have to bolster in court and memo or no memo, our lawsuit is continuing.

Steve Bannon (25:31)

What? No, but why have they not just very similar. By the way, you know Pam Bondi, we covered wall to wall. I've known her for years. I consider her a friend. We're a huge supporter. When Gates dropped out, she was kind of next man. A President Trump wanted her fine cash. It goes without saying, a co host, almost like a brother, but to us, Dan Bongino, one of the heroes of our movement. So this is not personal. But why has. Just because this is not my line of country. Also, why has DOJ not just done one basic thing and gone to the courts and say. And say we want to unseal all the records associated with Epstein so the American people can see it. Why? And then release those. This is supposed to be about the most transparent administration ever. Why has that not been? Why has that not even happened? Why are they fighting that?

Stephen K. Bannon (26:20)

Because they're not going to be perpetuating unfounded theories about Epstein and no further disclosure will be appropriate or warranted. That's what they're telling the American people. All of the concerns you have about Epstein are all unfounded. And how are they. Why are they unfounded? Because we reviewed the evidence. We're not going to give to you. And concluded that there's no there there. And there may be no there there, but show us the records. And this just again shows contempt for the people's right to know. I've said it once, I've said it before. The Justice Department and the FBI are irredeemably compromised and corrupted. The leadership needs to understand that and act accordingly. I mean, the FBI moving to another building. That's nice. I tell you what, we've got three extra offices, maybe two extra offices at Judicial Watch we can lend them. That's all they should need.

Steve Bannon (27:20)

That's all they should have. That's all they need.

Stephen K. Bannon (27:22)

That's all they need down the agency. And he's the only one there with a guy there to check his email.

Steve Bannon (27:27)

Amen. Okay, hang on one second. We're gonna go to break. Come right back. Philip, Patrick and Rio. But I gotta keep fitting. It shouldn't be lost on anybody. Why was Mark Caputo on Morning Joe and saying about another reporter's story on Epstein? He was there for the Kennedy exclusive. Which we now know the CIA has actively lied to you about their involvement with Oswald and everything related to the Kennedy investigation. Can't you see the irony, actually, how many decades after President Kennedy assassinated. Actually, let me change that. Murdered in broad daylight and in cold blood in Dallas, Texas, that the CIA has been lying about their involvement with.

Mike (28:12)

With Oswald before the fact.

Steve Bannon (28:16)

Lied. That breaks on axis. John Solomon is going to be here with all other revelations about the CIA over the weekend with Brennan at the same time. Hit you with the wetfish here.

Mike (28:27)

There's something happening with our farmland here in the United States that isn't getting enough attention. The Chinese have been buying up hundreds of thousands of acres of U.S. farmland. They're also taking control over critical supply chains, things like fertilizer, animal feed and farming equipment.

Steve Bannon (28:44)

Why?

Mike (28:45)

It's not clear. They're tightening the grip on global food production. That is clear. And if things go south and it could happen quickly, we need to be ready. That's why I trust my Patriot Supply. They're America's largest emergency preparedness company. And right now, when you get there, four week emergency food supply, you'll get a free 4 24, seven food kits, an extra 12 days of food, absolutely free.

Steve Bannon (29:14)

Okay? Full stop. You're going to have to insert this. Okay.

Mike (29:18)

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Stephen K. Bannon (30:09)

Here's your host, Stephen K. Band.

Steve Bannon (30:16)

Every problem we have in the central war we have to win is against the deep state and the administrative state. You look today, Bibi's coming over, Netanyahu is coming over. Hey, it's not a big, big victory for the non interventionists and the people who stopped, who had President Trump's back in closing down the 12 day war with the massive bombing run. It's not any big public fanfare. It's kind of oh, he's going to come for dinner at 6:30 and they'll slip him in through the side door. Right. And I'm not even, let's not even make the connections yet because Tom Fenton is going to make him as getting back on the show of Epstein in, in certain intelligence services, the deportations, everything we have. If we don't take down the deep state in the next three and a half years on Trump's watch, we're screwed with all the things we have to. Because you look at the kinetic part of the third World War in Ukraine and the Middle east at the heart of it's the deep state driving this. We have to take it apart. The Kennedy revelation is a bombshell. The CIA, which we've said for years now, they admit, they admit that Angleton and all of them looked you in the eye, went to Congress, they were under subpoena. Forget the Warren Commission, that was a crime scene itself. The Warren Commission, between the FBI and the CIA, the great institutions in this country that people depended upon, looked you in the eye and lied to you because of their actions, the covering up of their actions. This is why the devolution of the United States of America. You can take one day, the 22nd of January 1922, November 1963. Boom. And what? 2:00pm Central Time. Boom. Tom Fenton, you're going to fight the goods. What is your action plan on this one? Because you've been on this like a dog on A bone. And Fenton does not let the bone go. What is your action plan? You can tell this audience?

Stephen K. Bannon (32:14)

Well, the lawsuit's going to. Going to continue for the Epstein records.

Steve Bannon (32:18)

It's.

Stephen K. Bannon (32:19)

It's simple. There's a federal FOIA lawsuit. They've got to start producing records to Judicial Watch or explaining to the court what records specifically they're withholding and why. You know, what was really incredible was we asked for records that Pam Bondi had about the Epstein matter, and they came back, said that she had nothing. She talked about having all these records on her desk, and then they come back and tell us they had nothing. So this has got to proceed. And it kind of goes back to our earlier idea. The President should recognize the Justice Department is an agency that thinks it's above the law and outside the constraints of the Constitution in terms of checks and balances. Does it mean that Pambondi thinks that? No, but that's. That's the. That's the culture of the Justice Department. It's the culture in many ways that the FBI, they don't even think they are run by the Justice Department. It's just. I mean, it's independent agency on top of independent agency, which is an abomination under our republic. And I think the President should just set up his own investigative unit, his own prosecutorial unit, his own special counsel as. As the chief magistrate.

Steve Bannon (33:30)

Yes.

Stephen K. Bannon (33:30)

And investigate everything that he thinks needs to be investigated, and he needs to start calling the Justice Department. In the meantime, why have you prosecuted Garland? I'm directing you to prosecute Garland. I'm directing you to prosecute Comey for trying to get me killed. I am ordering you to do so. If you don't, I will find someone who will prosecute him or I'll do it myself.

Steve Bannon (34:00)

The special prosecutor has to be appointed on his Article 2 powers, has to be appointed by the President and has to report to the office of the President, not to Pam Bondi. That's what we're demanding on the 2020 election. But there's a whole raft of stuff that the Justice Department, FBI, can't. Can't go because you have a couple people over there hanging on by their fingertips, and we have to take these apparatuses down. Who's in. Where do people get you on social media?

Stephen K. Bannon (34:26)

I mean, Epstein. Epstein was under the watch of the Justice Department when he died. Why are they investigating it?

Steve Bannon (34:39)

Or if they said they. By the way, if they came out and said there's no. It's ev. The evidence things of a. Of a suicide put the evidence out. See what Bill Barr and those guys did. Let's show the receipts. The Warren posse wants the receipts. They want receipts.

Stephen K. Bannon (34:56)

The evidence is family had an alternative autopsy done that indicated murder and homicide, not suicide. Did they. Did they analyze that autopsy or doctor. Was it Dr. Baden? We want the records. And, you know, there's a process for releasing them and they're not above the law and they need to follow foia.

Steve Bannon (35:26)

Tom, where they go on social media and where they go on Judicial Watch to find you all your material information.

Stephen K. Bannon (35:33)

Judicial watch.org Twitter, rumble, YouTube, get truth, you name it.

War Room (35:39)

We're all over.

Stephen K. Bannon (35:41)

We are the biggest movement in the conservative side of the aisle for transparency and accountability. It. It's. It's.

Steve Bannon (35:50)

We're.

Stephen K. Bannon (35:50)

We're not the sleeping giant.

Steve Bannon (35:52)

You're, You're.

Stephen K. Bannon (35:53)

You're. You're.

Steve Bannon (35:54)

You're an action center. You're a giant. You're a beast. You're a beast, but you're taking action. There's no theoretical. He ain't doing white papers. He's not having conferences to talk about things. Fenton and that team are on it like they've been since the time I met him 10, 12 years ago during Obama's regime. He was all over him every day, filing something. He was the people. We called it the People's Justice Department. I guess you're back to that, bro. I guess you Never stop your MAGA's Justice Department.

Stephen K. Bannon (36:25)

Unbelievable change.

Steve Bannon (36:27)

And President Trump, I think, and President Trump needs to hear this. I hope you have a direct phone call with him today, Tom, because I know he really thinks so highly of you and your actions. We got a bounce, brother. I'll talk to you after the show. We'll figure this out.

Stephen K. Bannon (36:39)

All right?

Steve Bannon (36:40)

Got a. This gotta be a, like, Article 3. We do with Davis. We got to do a war room Judicial Watch partnership here to drive this. Tom Fenton, what a good man. We're gonna have more. We've got Solomon coming up. We're running a little behind clocker. Get to it. Of course, in all of this, the biggest thing over the weekend, maybe long term, was down in. Down in Brazil. It got the President's attention as we had in the cold open. Philip Patrick, he threw down hard when he kept hearing this de dollarization chitchat. He said, hey, how about this? Any of you guys sign up for this thing? You guys sign up for this thing, add another 10% on top of what I'm going to do to you. Anyway, your thought, tell me, give us an update of what actually happened and what triggered the President? United States, sir.

Philip Patrick (37:29)

Look, in terms of the trigger, I'm glad he's paying attention and he clearly is the we saw the tweets come in, you know, in the morning, our time here in Brazil. It's interesting. There's been, you know, at the conferences themselves, there's been very little talk of de dollarization. And I think ultimately that was a strategic move. I think they want the least amount of damage possible and they wanted unsuccessfully, of course, to avoid drawing the attention of President Trump, to prevent ultimately risks. But what we're seeing is that the conversations, the discussions have centered on bilateral trade deals, right? We're seeing them happening around the city, quite frankly, but what we're talking about is deals for direct trade between nations in local currency. So although they're not using the term de dollarization, it's exactly what it is. The way that they're framing this thing, and I think it's smart from their perspective, is enhancing cooperation in critical minerals and technology, making supply chains more secure and resilient. But, you know, the interesting part from, from my perspective is the BRICs are now trying to position themselves, they sort of seize the opportunity to position themselves now as pro trade and an anti protectionist union, calling tariffs now a threat to global economic stability. The upshot, and the interesting part is the group long presumed to be forging an alternative to our US Led order, is now projecting itself as the defender of those same core values. They're saying, we aren't anti American, we're just pro trade. And that's really the argument from the BRICs at the moment.

Steve Bannon (39:16)

So President Trump and his redoing of the commercial relationships of the world with the United States as the premier market, once you get to, he says, you got two choices, either bring your manufacturer reshore your manufacturing, or bring your manufacturing here to create jobs and opportunities, or you're going to pay up, you're going to pay a premium like you do at a soccer game to get a box or at a concert. You're going to pay a premium to get through the golden door into the golden market for the golden age that has got them. That's he's inside their brain on this, right? He's inside their decision loop. So everything they do is framed in that of how we don't bring the wrath of Trump down upon us.

Philip Patrick (39:56)

You can see it, right? Like I said, you can see it in how they're phrasing things. And, and I think it's ultimately President Trump has two options, right? One is the carrot and the other is the stick. The carrot's not looking that viable. Right. What a carrot means when it comes to currency strength, value, liquidity. But it's going to be an uphill battle given the spending situation at home, given that the debt position that President Trump inherited. The other alternative is obviously sticks. Right. Trade embargoes, tariffs, sanctions, forcing countries. Sorry. To make a choice. And like I said, I think it's the only option he has at the moment. And I think it's going to work on some countries but not on others. Right. The uk, Japan, possibly India. We can throw a spanner into the works for the brics and we can force nation to choose longer term or shorter term. I should say countries like Russia and China. That's a little bit more nuanced. Right. I think that the threats of tariffs can dissuade some nations shorter term and create bumps in the road for the brics. But over the longer term, I think they're going to be problematic. And ultimately, could longer term work against us? The one thing we've learned coming out here is that countries have long memories, right? The brics are trying to frame this summit as a response to Trump's Liberation Day tariffs. But it's so much more than that. This is a response to decades of history. The 2022 freezing of Russia's dollar assets, the 2014 sanctions over the Crimea invasion were mentioned to us. The 2008 financial crisis and here in Brazil, as I mentioned last time, the 1980s debt crisis. So it's going to be tough longer term. This isn't a binary situation, as I've said, and very clear, we're not looking at a situation where tomorrow dollars are worthless. What we're looking at, I think, is a slow and steady chipping away of the dollar's global role once necessary. Today, just another option and one that looks increasingly less attractive. So absent of this steady source of global demand, I think what we could see is the dollar's purchasing power wane longer term. Look, this isn't a situation one administration created, and I'm not sure it's a situation one administration can fix either. I think President Trump's doing everything right. He's doing what he can do. How it plays out, I think to some degree is beyond our control at the moment.

Steve Bannon (42:29)

Is is. And I want you to hang on. I'm a God. I'm got to get John Solomon here, but I want you to hang over. Go to break. Is it your assessment? Give me a 30 second answer on this, then we'll go to break and I'll get more depth when we get back. Is it your assessment right now that the central banks will continue to purchase gold at the rates they're purchasing as a hedge against the United States?

Philip Patrick (42:53)

Yeah. Quite honestly, I don't see it letting up. And our trip here has confirmed that, like I said, the administration on making the right decision decisions with with the tools that they have in front of us. But I've said it before and I'll say it again, I think the train left the station. So yes, I think central bank gold buying will continue.

Steve Bannon (43:16)

Philip, if you can hang on for one second, by the way, I'm so proud, given everything that you've learned while you're down there at the Rio reset, of how dead spot on we've been for only four years in writing the end of the dollar empire and the way we wrote it about debt and deficit and the debt ceiling and then Rio and the BRICS nations and what it all means, central banks buying at record rates. These finance ministers being, you know, everybody come out of Stanford Business School and Chicago Business School and Harvard Business School. They have all the they have an HP12C and they can do discounted cash flow. Right. They're smart as anybody working on Wall street. End of the dollar empire. That's birchgold.com Bannon seventh free installment, the Rio Reset. We're working on an eighth right now. Short commercial break Philip Patrick and John Solomon next in the war room.

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