
Episode 4647: The Deciding Moment For America; "We Will Rebuild Japan"...
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Joe
Joe, I think that what we need to do is examine the entire Federal Reserve institution and whether they have been successful. I'm speaking, actually I'm going to be in the building this evening. There is a regulatory conference that begins tomorrow. I'm the keynote speaker tonight talking about regulation. The Fed as well, Monet deals with monetary policy, regulations, financial stability. And again, I think that we should think, has the organization succeeded in its mission? You know, if this were the FAA and we were having this many mistakes, we would go back and look at why, why has this happened? I mean, look at the, as you said at the top of the, at the top of this broadcast, there were, there was fear mongering over tariffs and thus far we have seen very little if any inflation. We've had great inflation numbers. So, you know, I think this idea of them not being able to break out of a certain mindset, you know, all these PhDs over there, I don't know what they do. I don't know what they do. This is like universal basic income for academic economists.
Steve Bannon
For the audience. I know the audience thrives on action. As you should. You're the tip of the spear. The action oriented part of the activist base that makes things happen, have historically made things happen and have led Trump, President Trump been the foundational element of his magnificent wins. You have two people I want to specifically discuss, that is Tulsi Gabbard and Scott Besant. As you know from years on the show, and Bessant in particular, these are safe pair of hands. These are not people that run around with their heroin fire. They're very stable. It's that theory. I think it was Isaiah Berlin, the philosopher. You have the fox versus the hedgehog. The hedgehog focuses on one thing and just grinds. The fox skips around and skipping around, right? These people in that regard, on the philosophy are kind of hedgehog. They get very focused and they grind. I said and I repeat this, the three most powerful institutions I believe in the imperial capital, in the imperial project are the CIA, the Federal Reserve and centcom. Kind of the, the brains, the money. The brains in the network, the money in the muscle. Right now you have two and two of these individuals. You have. Tulsi Gabbard is really on a crusade to go after the CIA and the problem of the deep state. The intelligence communities, both foreign and domestic and I included in their MI6 and Mossad. Okay, not just the Five Eyes, the CIA, the MI6 goes. Although the British Empire has dramatically dropped as far as economic and financial power. Given the power and reach of their empire, given what they did for the education process of bringing people back to Oxford and Cambridge and all this education and have them live in London, the imperial capital. The British intelligence service is incredibly powerful. They punch way above their weight. And there you have Scott Bessant, Scott Besant. You know, President Trump has one. President Trump has a house style, right? He's dropping body blows on Obama over the weekend. He's all over too late Powell, Jay Powell. Scott Besant is very different. It's very methodical. But he's going to get them. And as we said for a long time, we don't even know why we have a Federal Reserve. Certainly the way we have it now that it's not owned by the American people. It's kind of an independent agency, but it's not, it's funded by the American people. They're, I don't know, a trillion dollars of losses over there in their bond portfolio yet they're building the second Versailles right in front of your face. Rickards, I know you've got a lot to say about this topic, so I want to turn it over to you. Scott Bessant is a very serious guy. One of the reasons he was a contributor here for years and I grew so close to Scott, now he's understand capital markets. He does not. He's not, he doesn't skip around. He's boom. He's very, very, very focused and I thought would be the perfect Secretary of Treasury for President Trump as he has, as it turned out, he has been. But right now, Scott Bessen and President Trump basically are zeroing in on the Federal Reserve. And what Scott said there last yesterday, this morning, which is so powerful, it's not simply about an individual, Jay Powell, who's obviously seriously flawed. It's institutions. This is what Tulsi Gabbard's talking about is not just Brennan and Comey, but it's institutions. It's the FBI, it's the CIA, it's the intelligence apparatus, it's dia, it's the, it's the House and Senate Intelligence Committee, particularly the Senate, Mark Werner and these guys, these are institution. We have an institutional problem. If we just get rid of the people and send them to prison. Yes, that has to be done. That's accountability. That's not going to solve the problem. The problem is we have an institutional, we have an institutional crisis in this country. And the Federal Reserve is structurally, I think, flawed, but institutionally it's gotten out of control. Jim Rickards, your thoughts and assessments, sir?
Jim Rickards
Well, my favorite Candidate for Fed chair is actually Linda McMahon. I thought if she can shut down the Education Department, make her Fed chair, and she can shut down the Fed, hopefully. A couple historical footnotes, Steve. The United States did not have a central bank of any kind between 1836 and 1913. Okay, what happened between 1836 and 1913? The Industrial Revolution technology, telephone, telegraph, transcontinental railroad, diesel powered harvesters, mining, we won how many wars, et cetera. It was one of the greatest periods of wealth creation and prosperity in the history of the world with no central bank. So that by itself shows you don't need a central bank. Now, number one. Number two, Paul Krugman, he's a little kind of marginalized these days, but for decades he was saying, we need a central bank to prevent financial panics. I did a study that showed financial panics when we did not have a central bank, and financial panics when we did have a central bank. And it was about the same tempo. In other words, the central bank did not make any difference in terms of the frequency of central panics or financial panics. They happen for other reasons. Nothing to do with the Fed. The idea that the Fed could bail you out is ridiculous. What happened in 2008, Ben Bernanke and Hank Paulson walked over to the White House. They said, you know, when George Bush, The President said, Mr. President, we can't do anything about Lehman Brothers. We can't save Lehman Brothers. That was nonsense. They had the statutory authority. They either had really bad lawyers or I think what actually happened was Paulson wanted them to fail to prove a point. But of course, that unleashed one of the greatest panics in history. Now, here's the thing with Scott Bessant. You know, there's some talk that he might be named by Trump to be Fed Chair. You know, people, they throw up their hands, oh, my goodness, Trump's doing something unprecedented. Trump's doing something radically different. No, that's not true. 1913, the Secretary of the treasury was a member of the Board of governors. By statute, the Treasury Secretary was on the board of Governors of the Fed and they used to meet in the treasury building. So it's not a precedent. It's actually would be going back to something which is much closer to where the Fed started. FDR abolished that seat for the Treasury Secretary, but he was on there from day one. But a couple things I agree with you about the CIA and CENTCOM being two the most powerful institutions. I disagree a little bit with the Fed. Could people say the Fed controls money? That's not really true. Money creation is controlled by banks, commercial banks. You want to talk about money, pick up the phone, call Jamie Dimon, call the head of City, Wells Fargo, bank of America. They're the people who actually control the economy. And by the way, they own the Fed just as a footnote. So people say, what about this money printing? Well, here's how it works. When the Fed wants to print money, they buy government securities from dealers. These chief counsel, one of the primary dealers. I talk to the Fed every day. They call up the dealer, they say, offer me 10 year notes. Done. You send the notes to the Fed and they give you money that comes out of thin air. So that money is created out of thin air. That's true. But what did this, what do the dealers do with the money? They give it back to the Fed in the form of excess reserves. So all you're doing is inflating both sides of the balance sheet, you know, to the trillions of dollars with all those excess reserves. That money does not get lent, it does not get spent. It is not stimulus. It just sits there sterilized. That's, that's the technical term for it. Where does the money come from that actually runs the economy? It comes from the commercial banks. Number one, as far as Jay Powell is concerned, his term is up. His term, his chair is up in May of 2026. He's not going to be around that long anyway. I'm sure he's not going to want to re up. But why would you? The President probably could fire him. This testimony under oath is enough of an excuse to fire him. If you really want to do that, why would you? The economy might be in for a tough patch. I'm a fan of, I call it Magonomics, Trumponomics, etc. I think the economy will do very well over the next four years, but we could be heading into recession over the next six months or so. And by the way, you know, Trump says he wants lower interest rates. And the, the, what interest rates does the Fed set? They set something called the policy rate, which is the fed funds target rate. What are fed funds? Money that banks lend to each other overnight. There hasn't been a fed funds market since 2008 because they have excess reserves. They've got trillions of dollars of excess reserves. They don't need to borrow in that market. So the Fed sets a rate for a market that doesn't exist. Okay, now, now Trump says, I want lower interest rate costs for the federal budget deficit. Okay, fine. Where does that shortest Maturity treasury bill is a four week bill. Very short, very liquid, very safe, you know, et cetera. There's something called the overnight financing rate, which is kind of like the repo rate. Those are the two most, those are the two safest, most liquid short term funding rates. Both of them are lower than the fed funds target. In other words, the market is doing Trump's job for them. The market is already lower than the fed funds target rates. So the Fed is actually irrelevant. They could, I don't think they're going to lower rates at the July meeting. They have a meeting at the end of July. I think Powell's gonna pause. That'll be another, you know, the White House will blow another gasket over that. But it doesn't matter because the market is actually.
Steve Bannon
Jim, where do people where do people go and get your and get Strategic Intelligence. How do they get there? How they get your free book?
Jim Rickards
Thank you, Steve. We have a landing page. It's Rickards war room dot com. That's Rickards war room dot com dot you go there. You can subscribe to our flagship newsletter, Strategic Intelligence. We put a lot of work into it every month. Cover, you know, a wide range of top. We have a free book offer. We hope people join us. And also on X at Real Jim Rickards. At Real Jim Rickards.
Steve Bannon
I make the pitch all the time. It's read by people in C suites all over the world, right? Chairman and CEOs. If you're not yet a chairman or CEO or maybe if you're a younger person or let's just say that you're not really on the corporate track. Why is Strategic Intelligence a must read? Why, why should people what's the case for someone that's not on a career track that needs this information because it helps them in their job, it helps them understand the world. What's the case for somebody that's not on that career track to get this newsletter?
Jim Rickards
Well, we're independent. We're not working for a broker dealer. We don't have to follow the Wall street narrative. We do longs and shorts. We have stock recommendations where you make money if the market goes up. But we also have short positions where you make money if the market goes down. But we actually think hard about the topic. I would say the greatest value added, Steve, is we break with the narrat. First of all, we identify a narrative. Wall street loves narratives. It's just a story. Most of them are wrong and most of them are made up. So we identify the story, we break with it and we tell people what's actually going on. And our ability, our predictive analytics, our ability to tell you what's going to happen next is second to none.
Steve Bannon
Jim Rickards, also, we throw in a free book, MoneyGPT, which is very prescient about artificial intelligence and currency. Currency wars was the first way I came acquainted with you back, I don't know, 15 years ago. It was an incredible, incredible book. I still Recommend it today. Rickardswarroom.com you go, you get access to strategic intelligence, also the free book. Jim Rickards, thank you for kicking off the week for us. Appreciate you.
Jim Rickards
Thanks.
Steve Bannon
This situation with Tulsi Gabbard, the situation with this Epstein situation about the information, this situation with Auto pen, which is this other, you know, we had Rachel Bovard on the Auto Pen situation, is almost as outrageous as the others. Here's where the apparatus itself, the deep state, just basically Biden was a front for it, just threw him out of the way and ran it themselves. Some of the same names you'll see popping up. Lisa Monaco, others in the, in the Biden regime, or just some of the cast of characters back in 2015. It's only going to happen if we put our shoulder to the wheel. We have to have Tulsi Gabbard's back. We have to have DNI's back. We have to demand answers. We have to continue to put the pressure on, either for a special prosecutor or someone at the Justice Department to take these investigations on as their sole responsibility and to keep hammering the courts. You see what they're doing right now? You have Alina Habab, who's President Trump's selection in New Jersey. They're trying to remove her even as we, we speak, 15 federal judges. President Trump's on the onslaught of this radical judiciary. I believe he's won 15 of the 17 or 14 of the 16 that have gone to the Supreme Court. But every day they're trying to pound, they're trying to tie him up in a court to make sure that he can't fulfill his Article 2, his Article 2 power. We're in the deciding moment now. As I told you before, the first, first 10 years coming down the golden escalator. The next 200 days are going to be the most important in President Trump's entire time since he's come and sought political office, because you have the convergence of the crises from the mass deportations which the radical left, plus a lot of the apparatus has just said, no, it's not going to happen. You may be able to get rid of a handful of bad guys, but that's it. And that only scratches the surface to the war in Ukraine, the war in Persia. It's all converging right now. And that's why you've seen Tulsi Gabbard had the courage, yes, the physical courage actually unlock the coup that happened in 2016. Short commercial break Back in a moment. This July there is a global summit of BRICS nations. In Rio de Janeiro, the bloc 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, but trust me, it's going to start in Rio. 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 Birch Gold 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 298-9898 do it today. That's the Rio reset text Bannon at 989-8898 and do it today where the.
Ben Harnwell
Prime Minister Shigeru Ishiba says he's going to stay on an office despite his governing coalition losing its majority in the upper house of Parliament after elections. Mr. Shiba saying the public had delivered a harsh judgment but there were too many pressing issues to resolve to resign. What he's talking about there is a threat of these extra US tariffs and also inflation. Japan's opposition parties are fragmented and unlikely to try to form a government themselves. The governing bloc losing control of the more powerful lower house in October. Let's speak now to Rio Tahashi who is an international politics professor at the University of Tokyo. Very good to have you with us here on BBC News. Firstly, he may be in power now, Mr. Shiva, but just how weak is he?
Rio Tahashi
Well, he is now very weak. You know, he decided to stay in power but I think was the end of this month the frustration within the party might attack him very strongly. And also he might not be able to get cooperation from the non ruling party opposition so much so I think, you know, he tried to stay in power but if, you know, he cannot get the kind of homerun with his negotiation with President Trump, maybe, you know, he simply lost his power base more and more in this summer.
Ben Harnwell
Yeah, you mentioned he needs that home run. Has he talked about what his strategy or plan is when it comes to the Trump administration?
Rio Tahashi
I think, you know, he doesn't have good cards, you know, to change the situation.
Matt Brainard
Right.
Rio Tahashi
Like, you know, if he really want to make a big game, a big deal with President Trump, he has to give up some agricultural products, automobile things for President Trump because that is the things they are the things, you know, President Trump really want to get from Japan. But you know, Shigaru Shiba may not be able to do that and President Trump may not be, may not to be charmed to talk with weakness Prime Minister. So I'm sure, you know, the negotiation will not go anywhere when it comes.
Ben Harnwell
To the election result. What do you think explains it?
General Flynn
Is it.
Steve Bannon
Okay? Ben, I'm going to turn it over to you to have you explain, said the Japanese professor. A earthquake last night in Japan, a MAGA type party, putting Japan first, make Japan great again kind of came out of nowhere and won. Matt Brainard, you know, Matt has been on the show many times. A political consultant and operative. He's one of the advisors to the party. Ben Harnwell from Rome this year. The professor saying, hey, the Japanese government needs a big home run from Trump to help him out here. I'm not so sure Trump's going to be doing coach pitch. He wants a meaningful deal and a good deal for the United States on the tariffs. So I think this is so important, not just against the CCP and what's happening geopolitically, but also economically and geo, economically the Japanese government have kind of just, they've had now three decades of, you know, lost generation and the people in Japan, particularly younger people, have just kind of had a belly full of it. So this guy struck a spark. Ben Harnwell, your assessment?
Matt Brainard
Well, just to come off the closing point there, Steve, actually the majority of this, of the lead of this new party. So hey, coming out that the majority of his support actually comes from young men, young 20 and 30 year old men. So it's specifically disillusioned youth on, on the male side of the spectrum. Flagging up the point that you just mentioned and the geopolitical considerations Obviously can't be overestimated because as you, as you mentioned, the Chinese situation, also the Trump tariff situation, there's the August 1 deadline there. This government now is massively weakened. It has, the coalition has a minority in both the upper house and the lower house. It has had a minority in the lower house since the lower chamber elections last autumn. Steve, the immediate points to draw out from this are the fact that this is explicitly, I would say, a rejection of the present governing coalition, which is of the center right. Prime Minister Sheba is a conservative pro business figure, as is his party in coalition with the centrist Buddhist pacifists. But that's the point. It's not a left wing coalition which has been rejected. It's a sort of performative center right. We've seen this right across Europe, we've seen this in the United States. Obviously a rejection of just their business as usual mentality. The, the New Political party was founded in April of 2020, right at the beginning of the pandemic phenomenon anti vaccine. And it grew from there coming out with these very well put together YouTube things. And it sort of, it's absorbed its program as it moved on. It's now sort of quite as Japanese Japan first or Japanese first, depending on which formulation you want to use. It says that there are far too many foreigners in Japan. There's 3% of the present Japanese population are non Japan born. And that's too many for this group. They've moved from one seat in the upper chamber to 14 seats in the upper chamber. It's an absolute massive victory. And I close, I hand back to you on this point, Steve, what the big takeaway of this is that as you said in your work, in your remarks, this is a MAGA phenomenon in the Japanese context. But I would put it in this way. It's really, this victory has really normalized, I would say for the first time since the Second World War, it's normalized in the Japan context using the air quotes, obviously a far right political party phenomenon. And this party explicitly models itself on the AfD in Germany and is set out now to build these reports with the various populist nationalist iterations right across the world.
Steve Bannon
Matt Brainard, the disaffected young men, because Japan has not addressed, you have a real warrior spirit there, a real warrior ethos. It has not addressed their needs. It's a declining population. It's incredibly woke culture in many regards. What led this revolt, what led this revolt of young men to actually get involved in politics which they had not been to drive this stunning upset last night.
General Flynn
You know, much like the MAGA movement here in the United States, it was really two things. It was the government that was completely ignoring their, their needs, ignoring their priorities that was taking. They had put a surcharge on young people to help shift more money to the aging elderly population of that country. And that really stimulated, stung. And there's all kinds of other policies that the incumbent government has done to sort of maintain the status quo and to be more business friendly, like opening the doors to foreigners that have nothing in common with Japan, don't speak the language and justand have increased crime in the country, frankly, in a country that is pristine and one of the safest in the western world. And what you see is that this is a continuation of what's happened after World War II, where basically the country was for lack of a better word, neutered. It became in some ways a colony of the west, of the United States. And finally you have some people waking up saying, look, we don't want this woke nonsense. We don't want the United States under Joe Biden forcing us to accept homosexual marriage, which was not popular there. But again, it was Rahm Emanuel, as the ambassador to Japan said, hey, you got to do this if you want, you know, continued support from the Biden administration. So this party is saying none, we're not having any of that. But beyond that, they also have an incredibly charismatic leader. You know, if you look at the typical elected official in Japan, you kind of get Jeb Bush energy, right? They're justthey're very buttoned down, they're very soft spoken and they don't have the kind of energy that you would see in like a charismatic leader here in the United States like Donald Trump. But all that changed when Sohei Kamiya stepped into the leadership and took and began the Senseido Party, which began in opposition to COVID lockdown, saying look, we don't want a mask, we don't want to be locked in our homes. We don't want to be forced to take this vaccine in the same way we had an anti vaccine movement start here in the United States. In Japan it became a political party and it just expanded to becoming this very MAGA style populist right wing party. And it's really a Senate in Japan. And it's important to remember that right now they have 16 seats in the Senate which has got about 250 seats total. So you might think not a big deal. But they effectively came in second place in this election and their trajectory is only going to be upward for a couple of reasons. First, there are some smaller right wing parties and they will all now begin to consolidate behind San Sato. Like another party got about 5% that has a very similar platform. And there are conservative elements of LDP that have been breaking away from the leadership since it started to lurch leftwards since the loss of Shinzo Abe. But beyond that, there's campaign finance in Japan which works very differently than it does here in the United States. So the amount of money that a political party has to spend on campaigning is tied to how many seats they have currently. It's kind of bizarre. So the more seats you have, the more money you have to campaign, which kind of continues a vicious circle, which is why LDP has been in power since World War II. But with just the power of political rallies, personal charisma and YouTube, Senseido has come out of nowhere. But now with the seats they have, they now have a real budget to be able to push their message out further into the Japanese public. And finally, as the guests you had on before mentioned, there's a demographic problem for Japan that actually helped Senseato because what's kept the incumbent power party in power for so long is a veryis, basically boomers, a very old and very large voting bloc in Japan, but they're moving on to the next world. And the younger people in Japan are very open to stepping away from ldp, from the traditional left, right, uniparty that has governed Japan, and moving towards more parties like Senseido because it captures that energy of the country, that warrior spirit, the way of the samurai that has been basically sanitized from post World War Japan. In fact, the leader of San Sato, Sohei Kamiya, says he wants to destroy the last 80 years of globalist influence on Japan, restore it to its former glory. And he's the guy with the message and the charisma to deliver that. And you can see that in last night's results and you can see it in how terrified all the left wing NGOs and left wing media are about the ascent of this party.
Steve Bannon
Matt, what is your social media? We're going to try to have the leader of the party on with you. The little translation issue tonight in the 6 o' clock hour. Where do people get you in the interim social media service?
General Flynn
Buy me at Matt Brainard on X.
Steve Bannon
Matt Brainard, thank you very much. Also want to give you a hat tip. Joe Kent's turned out to be pretty good in Washington D.C. finally got him to the Imperial Capital and is working out just fine. The deputy over there to Tulsi Gabbard. Short commercial break Harnwell is going to stick around. General Flynn is, I think, arriving in the nation's capital even as we speak. General Flynn will join us momentarily. 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. Why? It's not clear. They're tightening their 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 their 4 week emergency food supply, you'll get a free 4247 food kits, an extra 12 days of food absolutely free. Okay. Full stop. You're going to have to insert this. Okay. And right now when you get there, four week emergency food supply, you'll get four free 72 hour food kits, an extra 12 days of food absolutely free. Let me repeat that. You're going to get four free 72 hour food kits. That's an extra 12 days of food and it's absolutely free. That's four weeks of delicious meals that last up to 25 years, delivering 2,000 plus calories per day. It shipped fast and it's shipped free. We can't control what the Chinese Communist Party does. You can't control what China does. But we can control how prepared we are. Go to my patriotsupply.com today to claim your 12 days of free food. Shop my patriotsupply.com my patriotsupply.com do it today. Do not let this thing get ahead of you.
Mike Lindell
You here's your host, Stephen K. Ban.
Steve Bannon
A lot going on. One thing on the on cuts you're going to see. So there's this huge controversy right now about your favorite topic, a CR that would happen sometime before the 30th of September at midnight. President Trump is demand kind of I don't think he's demanding yet. He's saying it strongly but recommending to thune they stay in session, the Senate stay in session to finish the appropriations bills also to get his nominees done. The confirmation is done. We're way behind on the confirmations. He got the top layer but there's so many hundreds out there that that is falling behind. He's very upset about it. Russ vote I think Omb is getting ready for more rescissions, packages, maybe impoundments, maybe pocket rescissions. There's going to be significant cuts. And I'm talking about the 2025 budget. They're working on the appropriations. If they take off, if they go on August recess, you're not going to have the appropriations bill passed. We'll have to do a CR So that'll be a huge fight in September. I will tell you the Russ Vogt and the team over at omb, I think are putting together right now more aggressive rescissions, packages and even impoundments on the 2025 budget and are also working on things on 2026. President Trump and his team over there is bounded. They're determined to try to cut this budget as much as possible, cut this what they feel is excessive spending that they couldn't take care of in the big beautiful bill given the mathematics of Capitol Hill. So they're working on on this right now. We have more to discuss. That's why now I think more than ever it's to make contact with Philip Patrick and Team Phillips going to be on tomorrow. We're going some discussion about the dollar, the decline of the dollar and gold. Also how the BRICS nations are using that to their advantage to go through a massive de dollarization program. But go to birchgold birchgold.com Bannon End of the Dollar Empire we are working on the eighth free installment right now. You've got seven up there. If you read those and study them, you'll learn a lot about not just how this government is financed, but how capital markets work and basically why gold has been a hedge for 5,000 years of mankind's history. It's not the price of gold. It's not the daily price gold. It's the process of how it gets there that is your anchor to windward. And we're bound and determined with the Birch Gold guys to teach you the basic tools of that. So birchgold.com Bannon Endothel Empire Taj Gil joins. We're waiting for Mike Flynn. If we can't get Mike on the morning show again in the afternoon, he's going to be I think in D.C. for a couple days. I'm gonna try to get over to the war room. A lot going on in the situation and Mike knows better than anybody about this coup. Taj Gil On a Monday to kick off the week, I need a we don't have the afternoon show. Although I am drinking coffee later and later in the day. I'm not at the Decaf at Warpath is fantastic. Although I don't drink decaf, I'm your dark roast guy. And every now and again, the espresso is also amazing. Where do people go right now want them? I want the audience not to take it from Taj, not to take it from Steve, but to take it from their fellow compadres here at the War Room Posse, who now I think you have almost 12,000 five star reviews, right? And what they say about it is amazing because that's our best, that's our word of mouth, is our best selling tool here. Where do people go and what should they be looking for as far as what you've got over at Warpath?
Taj Gil
Yeah, the website is Warpath Coffee. And then right now we're doing 20 off for the War Room Posse. And that's for the War Room posse. Only that 20 off, it's promo code, war room. And that gets you 20 off. And you know, we've got K cups, we've got the dark rose, we've got the decaf, like Steve said. We just dropped that a couple weeks ago. And we've got a summer blend which has a Jamaica Blue Mountain beans in it, a little bit of it of it in there. And then we've got flavor coffees, we've got dark chocolate. We keep our holiday blend in stock year round because we were running it only during the holidays, but people call us and email us year round asking for us. So we do holiday blend all the time now. Then we've got mugs and we've got travel tumblers, stainless steel travel tumblers. We've got it all. And like Steve said, just look at the reviews we've got. It's right around 12,000 reviews right now. And it grows every day. And we don't pay anybody for the reviews. We just send out an email chain asking for people to leave a review. And 13% of our customers leave a review and we've got massive amounts of 5 star reviews. People love our coffee. We roasted on a perforated drum. Yeah, we only use premium beans that are fresh and then by roasting it on the perforated drum, we don't burn it. So, you know, most of the guys out there are using cheap beans and they're not fresh and then they roast it on a solid drum and they, they burn the cheap stale beans.
Steve Bannon
So Taisha and I, Taish, had enough of that navy brew, a navy brew when we were in the service. And taste particularly got so under his bond being on his body wouldn't start his own coffee company. Taste. We got to bounce one more time. Where do people go today?
Taj Gil
Warpath coffee promo code, war room. Warpath coffee promo code, war room.
Steve Bannon
Thank you, sir. I'll be back on later in the week. Taste. Go. A Navy SEAL turned. Good. Great coffee. I love it. Best made. General Mike Flynn joins us, I think by phone now. General friend just landed in D.C. general Flynn, your assessment. Tulsi put this out over the weekend. What is your assessment of where we stand? President came in hard last night to support this, wants action. What are your initial thoughts here?
Mike Lindell
Okay, a couple of tactical and then overall, Steve, I think immediately, immediately the Department of Justice should suspend or revoke the passports of every single person that was in the national security component of the Obama regime and probably Biden, starting with Obama himself. I mean, do not allow these people to abscond this from the United States of America because some of them, I guarantee, are contemplating it because of what has been exposed. Number two, there should be a task force, if there's not one already, there should be a task force of federal officers that are put together. And I mean, it should have been, should have happened over the weekend, but if it hasn't, Pam Bonney needs to put a federal law enforcement task force together right now. And they need to start looking at which homes they're going to raid, just like they raided Mar A Lago and President Trump. They need to start thinking about raiding Kalorama. They need to start thinking about raiding some of these other people because I guarantee they have in their own files in their homes more evidence that belongs to the US Government. And that evidence is going to come to light anyway, one way or the other. Number three, there are whistleblowers that I know have already stepped up to the plate. And some might be people who you don't, you know, who are those that are sort of, oh, my God, I didn't realize that this person would, would, would sing. You know what I'm saying? So there are people that I know that are, that are in the whistleblower category now that are going to help this case. We are looking at the potential, you know, because Obama was a commander in chief. Right. So is there, you know, this, I'm not a lawyer, but I think that legally there should be some conversations at the Department of Justice and probably at the White House is whether or not that these conspiracy charges, these traitorous charges that, that have been stated by, certainly by Tulsi and by others, you know, even, even the president with some of the information that he's been putting out over the last 48 hours. Should there be some type of military trial for Obama? Because this is something that there is no statute of limitations for this. And this is, this is Steve and I'll shut up here in a second. This is the greatest crime committed in the history of the United States of America, unimaginable to the majority of Americans. That a coup would be attempted by one president against a another President of the United States of America. But in fact, ladies and gentlemen, that is exactly what happened.
Steve Bannon
You're saying this, let me start with the last first about military tribunals and he was Commander in Chief, you're saying because even with the, what happened, the Kennedy coup, the Nixon and maybe Johnson is still, you know, a very dark cloud on Johnson in the first situation, you never really had the active hand of a former president in a coup against the person that was, was freely elected to be your follower. Is that what you're saying? This is unprecedented in American history. And does what you've seen today with the declassification by Tulsi show you as a former head of DIA and the President's national security adviser and spent a lifetime in intelligence, that Obama directly had his hand involved in this? Sir.
Mike Lindell
So number one, the answer, the last part, yes, Obama clearly had his hand directly involved in this. And I think that this new revelation of the 8 December 2016 Oval Office meeting to me is very clear that, that, that, that happened, you know, for Kennedy. Kennedy, of course JFK was replaced by Johnson who hated Kennedy and he wanted the job. So nothing really happened. There was the commission after Kennedy. It ended up in nothing. And what did we learn? We learned it, you know, because, because Trump released the files. We learned that the CIA was directly involved in the assassination of a President Nixon. The person who ended up replacing Nixon was Gerald Ford. Where did Gerald Ford come out of the U.S. senate? And what did Gerald Ford sit on? Sat on the commission that investigated the JFK assassination. I mean it's just unbelievable what happened back then that where elements of our government were basically conducting subversive activities. And we now know it, right? We now know it only because President Donald J. Trump had the guts to run again. And as much abuse as he took, and we all know this, and especially you and I, we know abusey took in his first administration and then what they did to him afterwards, you know, they didn't realize, they didn't think that this guy was ever going to win again. And here he is. So here's Donald J. Trump, nothing to lose except Making sure. Except this country and the legacy that, that he will leave for this country. You know, we'll be, you know, he'll have a great economy, and we're, you know, he's really digging into the foreign policy and then the border and all this other stuff. But the greatest legacy that he can leave is to destroy, destroy this socialism that exists in our government, these communists. And you do it by holding people accountable. And you start with, in this case, with what we just learned over the last couple of days. You start with Barack Obama. Barack H. Obama intentionally, you know, brought his team together and said, you know, we didn't think he was going to win, but now that he won, we can't allow this guy to govern. And they tried immediately to undermine the presidency and the President of the United States of America. And they did it in such a vicious attack. And that's why I say this is the greatest crime in the history of this country. And the legal experts that we have in our government, they need. And in this country, they need to look at this thing and go, okay, how do we adjudicate this? Because it has to be done. There are going to be people that must go to prison over this. We cannot have the likes of Obama. We can't have people like Comey, Brennan Clapper, Susan Rice. We can't have them walk in the streets as free as though they did nothing, that this was a directive, an order that they were following. Let's ask those that were hung after the end of the World War II that said, I was just following orders of Hitler. Right? I mean, this is what we're facing right now. And people have got to take this very, very seriously. And we can't have years long investigation. Steve. No, we're done with that. There is so much evidence that's available. Hell, he had already had IG investigations. We had, you know, all the other investigations that occurred for years that brought out all kinds of evidence. Now we have the bravery of Tulsi Gabbard and Donald J. Trump in the White House. Tulsi Gabbard at the dni, and she is on a tear right now. And good for her.
Steve Bannon
General Flynn, can you hang on? I know you just got back to D.C. but we're gonna take a short commercial break. I've got to ask. I want to ask you about your top three. I do want to state that when. That when General Flynn and Jared and. And the President elect went down to D.C. i think 24 hours after we won, it was 24, 48 hours. Either the day after, two days after. And the president came back. I talked to him. He said Obama only made one recommendation, and that recommendation is that you you cannot have Mike Flynn as your national security advisor. Now you know why. It's pretty obvious. They knew that General Flynn's knowledge of the intelligence apparatus, the intelligence knowledge of the intelligence community, besides his understanding of geopolitics and national security and military, but his understanding of the apparatus itself made him a clear and present danger to the coup. And General Flynn is absolutely correct. This was a coup. And General Flynn's also absolutely correct. We can't take years to investigate this. It's all there, right in front of us. Action, action, action. Short commercial break General Mike Flynn of the Other side spread the word all through Hong Kong. We will fight till they're all gone.
Taj Gil
We rejoice when there's no more.
Steve Bannon
Let's take down the ccp. You missed the IRS tax deadline. You think it's just going to go away? Well, think again. The IRS doesn't mess around and they're applying pressure like we haven't seen in years. So if you haven't filed in a while, even if you can't pay, don't wait and don't face the IRS alone. You need the trusted experts by your side. Tax Network USA Tax Network USA isn't like other tax relief companies. They have an edge, a preferred direct line to the irs. They know which agents to talk to and which ones to avoid. They use smart, aggressive strategies to settle your tax problems quickly and in your favor. Whether you owe $10,000 or $10 million, Tax Network USA has helped resolve over $1 billion in tax debt and they can help you, too. Don't wait on this. It's only going to get worse. Call Tax Network USA right now. It's free. Talk with one of their strategists and put your IRS troubles behind you. Put it behind you today. Call Tax Network USA at 1-800-958-1000. That's 800-958-1000 or visit Tax Network USA tnusa.com Bannon do it today. Do not let this thing get ahead of you. Do it today. Here's your host, Stephen K. Bannon. General Flynn, we'll get you back on when when you get settled, just real quickly. A lot of the audience, they're concerned. Your number two is to get the federal task force ready to do raids on the homes. They're concerned about are guys clearing their electronic devices right now.
Mike Lindell
Yeah, you know, I'm concerned about that. But you know something? I will tell you, having been involved in the intelligence business for a long time, they better. They're going to have to burn them to the ground because there's something called the cloud, Steve. The cloud. And I know what organizations like the National Security Agency out of Fort Meade can do and other capabilities that we have. So these people know, they know that they're not going to be able to hide from these, from the egregiousness of what we just discovered. Last point, Steve, what Tulsi Gabbard found and what we're seeing is we're seeing the exposure of communications that were not classified, but they were using classified systems to communicate, to hide these communications. This is. It may be a little bit in the weeds, but Obama and these other criminals were using classified systems to hide their criminal behavior so nobody would ever find it. That's what Tulsi Gabbard is also demonstrating to the American people, that these scum were hiding their coup, their attempted coup against President Donald J. Trump during his first presidency. And they need to be dealt with.
Steve Bannon
And, Mike, correct me if I'm wrong, they kept it in draft form. They used classified channels that they knew couldn't be breached, and they did it in a certain way to know that wouldn't be finalized enough that it would have to be turned over. Correct?
Mike Lindell
Correct. Like if I do a draft, if I say, if I, If I do something and I put it in my draft box, my draft folder, but I give you the user ID and password, so you can go into that same. You can go into that same system and you just type in the user ID and password and now you get access to the draft folder. It's a very sneaky, slimy way for some of these people who are criminals to do these kinds of things. And I guarantee this is where Tulsi Gabbard, what her and her team discovered.
Steve Bannon
General Flynn, where do people go to get all. You've got a new book out, you've got tons of information on this on your social media. You've got to film out. Where do people go to get all your content, including your social media? Your Twitter feed.
Mike Lindell
Yeah, thanks, Steve. They can go to general flynn.com general flynn.com and they can find everything.
Steve Bannon
General Flynn, thank you. Thank you for tuning in. Look forward to seeing you in Washington.
Mike Lindell
Godspeed, General Mike Flynn.
Steve Bannon
As General Flynn said already this weekend, hopefully a federal task force was put together to get on this, and he's absolutely correct. We don't need years of investigations of this. All the information is right there. It just needs to all be turned over. You heard Tulsi wasn't a plea for help, but she made a very interesting comment on Maria yesterday about the Mar A Lago raid, about the purpose of the Mar A Lago raid, which more and more is looking like they were trying to get the Crossfire hurricane documents. She said that had not been turned over yet by the FBI. So we need real coordination on this. My understanding is that DNI and Tulsi are going to do another dump on information in the next couple of days. We'll be all over that tonight. Six o', clock. We're going to get more into this. Also, there's a trial going on in Europe directly dealing with the vaccines and the like going on about the vaccines. We're going to get on top of that this afternoon on the afternoon show, among other things about all these investigations. Autopen Epstein and of course the coup against President Trump. Mike Lindell, you were part of this. The FBI tried to crush you, humiliate you. The way they do it. The Gestapo, as I call them. I don't know why the FBI hasn't been broken in two yet, but maybe we'll pursue that during this week. Mike Lindell on a morning like to kick off the week, sell me some pillows, Sell me some sheets, sir.
J
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Steve Bannon
Yeah. Mike Lindell let you get back to work. Thank you so much. I see you on the afternoon show. Most powerful promo code in the industry. Promo code. Warren, go check it out. At MyPillow today, Mike Lindell laboring away. Charlie Kirk is next in Jack Posobics, Steve Gruber, Eric Bolling and then back to the war in five to seven tonight, we are going to be on fire. All these investigations of what exactly is happening. How can we push this all ahead quicker? Warren Posse wants that. They want to see action, action, action. And now they want to see results, results, results. Also a lot going on on this on the vaccine front. Fascinating things happening, happening worldwide. We'll tie you into all of that. Charlie Kirk, two hours of populist nationalism is next. Jack Bosobic after that. We will be back at 5pm Eastern Daylight Time when you will be back in the war room. There's a lot of talk about government debt, but after four years of inflation, the real crisis is personal debt. Seriously, you're working harder than ever and you're still drowning in credit card debt and overdue bills. You need Done With Debt and here's why you need it. The credit system is rigged to keep you trapped. Done With Debt has unique and frankly brilliant escape strategies to help and your debt fast so you keep more of your hard earned money. Done With Debt doesn't try to sell you a loan and they don't try to sell you a bankruptcy. They're tough negotiators that go one on one with your credit card and loan companies with one goal to drastically reduce your bills and eliminate interest and erase penalties. Most clients end up with more money in their pocket month one and they don't stop until they break you free from debt permanently. Look, take a couple of minutes and visit donewithdebt.com talk with one of their strategists. It's free, but listen up. Some of their solutions are time sensitive so you'll need to move quickly. Go to donewithdebt.com that's donewithdebt.com Stop the anxiety, stop the angst. Go to donewithdebT.com and do it today.
Release Date: July 21, 2025
Host/Author: WarRoom.org
Description: Bannon's War Room is a comprehensive program delivering up-to-the-minute news analysis. Hosted by Stephen K. Bannon, the show features medical experts, politicians, business leaders, and front-line operatives providing insider insights on the latest developments.
Joe's Analysis (00:00 - 01:29): The episode opens with a critical examination of the Federal Reserve's performance. Joe expresses skepticism about the Fed's success in fulfilling its mission, questioning whether the institution has achieved its regulatory and monetary policy goals. He highlights perceived inefficiencies and the lack of significant inflation despite fearmongering over tariffs:
"Has the organization succeeded in its mission?... I think this idea of them not being able to break out of a certain mindset... This is like universal basic income for academic economists." (00:55)
Stephen Bannon's Commentary (01:29 - 05:38): Bannon underscores the importance of action-oriented leadership, referencing figures like Tulsi Gabbard and Scott Besant. He categorizes powerful institutions—CIA, Federal Reserve, and CENTCOM—as central to the "imperial project," emphasizing the need to dismantle entrenched institutional power:
"Tulsi Gabbard is really on a crusade to go after the CIA and the problem of the deep state... We have an institutional problem. If we just get rid of the people and send them to prison... The problem is we have an institutional crisis in this country." (04:10)
Jim Rickards' Insights (05:38 - 10:39): Rickards challenges the necessity of a central bank, citing historical periods without one and questioning the Federal Reserve's role in preventing financial panics. He criticizes the Fed's inefficacy and highlights the dominance of commercial banks in money creation:
"The central bank did not make any difference in terms of the frequency of central panics or financial panics." (07:50)
He also discusses the independence of the Fed, the influence of commercial banks, and the mechanics of money creation:
"Money creation is controlled by banks, commercial banks... They own the Fed just as a footnote." (09:15)
Rickards suggests that current economic policies may lead to a recession and expresses skepticism about the Fed's ability to manage interest rates effectively:
"I think Powell's gonna pause. That'll be another, you know, the White House will blow another gasket over that." (10:00)
Ben Harnwell and Rio Tahashi Discuss Japan's Political Shifts (16:28 - 23:10): The podcast transitions to Japan's political scenario following recent elections where Prime Minister Shigeru Ishiba faces challenges despite his governing coalition losing its majority. Rio Tahashi, an international politics professor at the University of Tokyo, analyzes the weakening position of Ishiba and the fragmentation of opposition parties:
"He is now very weak... If he cannot get cooperation from the non-ruling party opposition... he simply lost his power base." (17:13)
Matt Brainard's Analysis (20:03 - 27:48): Matt Brainard delves into the emergence of a MAGA-like populist nationalist party in Japan, likening it to Germany's AfD. He attributes the party's success to disillusioned youth and a rejection of traditional centrist politics:
"This party explicitly models itself on the AfD in Germany and is set out now to build these populist nationalist movements right across the world." (22:45)
Brainard highlights the demographic challenges in Japan, the coalition's minority status, and the strategic use of social media and political rallies to galvanize support:
"Senseido has come out of nowhere... Now with the seats they have, they have a real budget to push their message further into the Japanese public." (26:30)
Steve Bannon and General Mike Flynn Discuss Institutional Betrayal (35:56 - 48:20): The discussion shifts to allegations of a coup orchestrated by the Obama administration against President Trump. General Mike Flynn outlines steps for accountability, including revoking passports of former national security officials and establishing a federal task force to raid implicated individuals’ homes:
"Obama clearly had his hand directly involved in this... This is the greatest crime in the history of this country." (39:22)
Flynn emphasizes the need for swift action without prolonged investigations, drawing parallels to historical events:
"This is something that no longer has a statute of limitations... This was a directive, an order that they were following." (45:00)
He advocates for military tribunals for high-profile figures involved in the alleged coup, arguing that traditional legal processes are insufficient:
"Because Obama was Commander in Chief... this has to be done." (47:20)
Global Economic Shifts (Short Commercial Break): While the podcast includes a brief commercial interlude promoting services, the host briefly mentions the impending BRICS summit in Rio de Janeiro, highlighting its significance:
"The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality."
Steve Bannon's Closing Remarks (48:20 - 52:17): Bannon concludes by outlining future topics, including the decline of the US dollar, BRICS nations' strategies, and ongoing investigations into institutional corruption. He emphasizes the urgency of addressing these issues to safeguard America's interests:
"We need real coordination on this... There are so much talk about government debt, but the real crisis is personal debt." (50:00)
He encourages listeners to stay engaged and informed through upcoming shows and additional content, reinforcing the podcast's mission to provide strategic intelligence and actionable insights.
Joe: "Has the organization succeeded in its mission?... This is like universal basic income for academic economists." (00:55)
Stephen Bannon: "Tulsi Gabbard is really on a crusade to go after the CIA and the problem of the deep state... We have an institutional problem." (04:10)
Jim Rickards: "The central bank did not make any difference in terms of the frequency of central panics or financial panics." (07:50)
Matt Brainard: "This party explicitly models itself on the AfD in Germany and is set out now to build these populist nationalist movements." (22:45)
General Mike Flynn: "Obama clearly had his hand directly involved in this... This is the greatest crime in the history of this country." (39:22)
Federal Reserve Critique: The episode presents a strong critique of the Federal Reserve's effectiveness, questioning its role in financial stability and monetary policy.
Institutional Crisis: A recurring theme is the alleged institutional crisis within the US government, with emphasis on the "deep state" and powerful entities like the CIA and Federal Reserve.
Japan's Political Shift: Japan is experiencing a significant political shift with the rise of a populist nationalist party, driven by disillusioned youth and demographic challenges.
Alleged Coup Against Trump: The podcast discusses serious allegations of a coup orchestrated by former administration officials to undermine President Trump, advocating for swift legal action.
Geopolitical Developments: The upcoming BRICS summit and the potential displacement of the US dollar as the global currency are highlighted as critical geopolitical events.
Call to Action: Hosts urge listeners to remain vigilant, informed, and proactive in addressing the outlined political and economic challenges.
Note: This summary focuses on the substantive discussions and analyses presented in the episode, omitting advertisements, promotional segments, and non-content-related sections as per the provided instructions.