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This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Prison's not got a free shot on all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. 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. 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 here's your host, STEPHEN K. Band I got Philip Patrick joins me. There's two things I want to address with you, Philip, because folks, we're in an inflection point. I really. Oh, Phillip's not here yet. He's not. Oh, are we getting him up? 11 o' clock was call the call sheet. I know they're working the trading desk at Birchgold. Here's. I asked Philip to come on and normally we don't get Philip in the morning show because during west coast time and they're trading off in New York time and London time. But something as we addressed a couple of Saturdays ago here, something fundamentally has happened and you're seeing the convergence now of two major, major events. And it's very important for this audience, I think, to understand both and see how they converge. Number one, there's so gold's always been a hedge, as we've told you, through the end of the dollar empire. And we're very proud of this work because we started this work, I don't know, four or five years ago and thinking about it. Well, for a long time thinking about it. But this is why we never had a gold a sponsor that was in gold because I always was. I was not a gold bug. I came in investment banking at a Harvard business school in Goldman Sachs back in the 80s. The Harvard at that time was the West Point of globalization. They had two theological beliefs that they stamped you in and there was no variance. Right. Number one was the maximization of shareholder value. That was all one. We're supposed to think about the maximization of shareholder value. Nothing else mattered. And the other was globalization. Michael Porter was one of my professors there. He was the Great Competitive Advantage, Comparative advantage. These seminal works in the 1980s that really drove a generation or almost two generations of business school, right when management Harvard Business School was Set up really at the turn of the century. The brilliance of the folks in the late 19th century keep talking about manifest destiny and then the war understood that the industrial revolution, you needed management techniques that were very mathematical and were able to. You needed to control things. You needed to control the manufacturing process, you needed to control production. And you need to do that through analytics, accounting. To give you an example, you don't need any financial background or no accounting background to go to Harvard Business School. In fact, they actually like it if you don't. They want poets, they want people. It's all about kind of IQ and drive, to be honest with you, about how they select it through the GMATs and your grades and all that. But the accounting course is not called accounting, it's called control. And I said, what is it done? They said, because the whole process, the whole process is to teach you how to. You're going to be a master of the universe. It's all about how you control the modern industrial economy. So in that. And Philip Patrick, he's an investment banker. Ray Dalio is a private equity investment banker. Jamie Dimon has been a hammer on Wall street for decade after decade after decade. Now runs. His ultimate dream was to run JP Morgan, which he came to because he didn't come through kind of the white shoe. He's kind of a scrapper and he's classed himself up recently and trying to be a financial guru. But he was a guy that was really brought in to cut cost. And he's definitely not a gold bug. I mean, he's always made the comment that it's not rational to even have this in your portfolio as a hedge. And that was kind of the mindset of the age of globalization in the 80s and the 90s. It was what Keynes called it, a relic of ancient times. In fact, he basically called it a dangerous relic of ancient times. And that was the mindset whether you were conservative, whether you believe in Milton Friedman or, you know, you, you believed in, in Keynes or you believed in modern. The financialization of the American economy, which is what globalization led to. That's changed. Philip Patrick nailed it on this. Two things Philip Patrick has done and the guys at Birchgold have done that I think are incredible and very smart. And this is why when they come on the show, you get a perspective on this, you don't get anywhere else. Number one, they actually went to Rio de Janeiro, right to the BRICS conference, and they saw there exactly what the game's going to be. The game is going to tie. It's about de dollarization. It's about, they think, first of all, they think the west and the elites in the west are irresponsible and we're basing, doing a rolling devaluation of our currencies and we've also weaponized the currency. So now we can have the little bit of control we have, we can have off of the swift system where every, every trade, every transaction they do is monitored and can be stopped. And also the dollar, everything has to be converted in dollars. And of course, Lula and Putin and all these. But the head guys, the Chinese Communist Party realized to take down the American empire, the way you have to do it is to do it through the dollar. The other part, and they said, hey, this is, this is all going to happen, right? You can see deal, you see these side deals, these bilat trade deals where you're not going to, you're not going to convert into dollars. And in fact, the countries actually take the risk and figure out how to hedge the risk and they'll hedge it by their central banks buying, wait for it, gold. The second part was he came on here and he said, look, traditionally, and we talk about all the time, it's been a hedge for 5,000 years. There's something changing that. It's now actually getting back to the 19th century, where it was actually still considered a financial asset, a major financial asset that. Wait for it. Because of the war in Ukraine and the European economies not having the ability to finance the war in Ukraine because they came and financed their own militaries. This is why President Trump has hammered them for years, to get to the 2% and then to get to the 5% of GDP for paying for it, at which they all lie and spin. Remember, they came here and sat in the Oval Office and they're going to do this and they're going to do that and they're going to do all this stuff. And I sit on the show, they're all broke. It's all happy talk. Well, guess what? Weeks later, two months later, they're all broke. It's not happening. However, they got their hands on 350 or $380 billion of the Russian people's assets. So they're going to do something we didn't do to Hitler, they're going to in the Nazi regime. What we didn't do to Mussolini and the fascists, we didn't do to Imperial Japan, we didn't do to the Bolsheviks, we didn't do to the Soviets, we didn't do to the Chinese Communist Party. All these monsters that have roamed the Earth for the bloodiest century in Mankind's history, the 20th century, the short 20th century from 1914 to 1989. We're not going to do that. We're actually going to steal the Russian people's assets and we're going to use that to pay for the Ukraine war. Well, it turns out that all those are basically in European banks and they're all in Euros. And Philip Patrick said, you know what? I think we at Birch Gohl said, this is not only it's a hedge, but it's going to something different. It's actually now going to be in the ranks of financial assets and central banks and money center banks are going to think about this very differently. And when they do that and they start figuring out what in their asset class they have to have, things are going to change. You had the geopolitical risk. President Trump is put out of fire. And this is why I say the Middle east is a sideshow and Israel is a sideshow to a sideshow. If you see what's happening in the world today and what is going to affect this country and what's going to affect you and your community and your children, grandchildren, it ain't coming out of the Middle East. And don't get me wrong, President trump's right. Still 3,000 years cockpit of those folks at each other's throats and even goes beyond religion. Right. The central part is what's happening in the Eurasian landmass and what's happening in the global financial markets about the finance that we have. 380. What is it? $380 trillion? I think 350. Let me round down $350 trillion of debt at every level, from credit card debt to student loans to the United nations and all the stuff in Geneva and the countries, United States, Russia, China, added all up, everything. Junk bonds, private debt, all of it. $350 trillion. And. And I keep saying. Philip Patrick keeps saying it. That is a lot. That is a highly leveraged. The world is a leveraged buyout. And if the world doesn't hit his business plan and it ain't hitting its business model right now, God bless AI. It is not hitting his business model. So eventually you're going to have a margin call. And what does that mean? You got to put a little something under the debt. Well, what's the something? We're going to print more money. We're printing it as fast as you can. No, they're going to want, like. No, we want real assets underneath this, or the debt's going to come crashing down and Bob's your uncle. You're going to have something that's so much worse than the Great Depression. And remember, go back to your parents or your grandparents and think of what formed them as people. Particularly if it's your grandparents certain age. It's not World War II. It was the Great Depression. It left an indelible stamp. If those kids were, you know, 8, 9, 10 years old, all the way up to their teens, they remember what America looked like in 1932 when Roosevelt came in and you had 25% unemployment. And remember all the stuff in the Great Depression, all the stuff in the fdr, they were throwing stuff up. They had, you know, ccc and they had, you know, they were doing job training and they were, you know, trying to make sure everybody's wages came up. They were flooding the market with cash and trying to get everything up. By 1938, folks, and this is why I try to rig the Supreme Court, nothing had worked. They were essentially by 38, kind of back where they started, a little bit better. But they all came to the conclusion, hey, kind of the way you get out of this is kind of the way Germany got out of this, because Germany was the basket case. And now all of a sudden, their economy's on fire. How did they do that? Hitler just said, screw everybody. We're going to rearm, and eventually I'm going to use those arms. We're going to rearm first. And that's what happened in late 1930s. You started growing the army, you started building a navy, you started getting ready for a war they knew was coming. And why did they know that war was coming? Because we were in a negative feedback loop on the global economy. And you had to punch the reset. What better way to punch a reset? If you study the four turnings, what better way to hit a reset? A global conflict. And that's why today I've said we're in the beginning of the kinetic part of the Third World War. We've already passed the political part. You see that in this Friday and this Friday in Washington, D.C. in the Oval Office. Zelensky's coming. He's got a menu and a plan. Just give me offensive, give me Tomahawks. Let me strike them deep. Let me get to Moscow, let me get to St. Petersburg. Let me hit them where they live. Let me hit the Kremlin. Putin, they ain't that tough. And if I can hit them and I got those weapons, the whole dynamic of The Ukrainian war will change. We got 2.8 million dead or one that they're already. That dwarfs anything in World War II for that same period. Dwarfs it. But even more importantly than that, and make sure if you take anything away from this morning's show, you take this away. The Chinese Communist Party is kind of the same shape that Roosevelt and the guys were in the late 1930s. They've tried everything, they've thrown everything in and it's not working. And America trying to get its commercial relationships right and trade relations right and trying to bring those manufacturing jobs that the Wall street and the tech oligarchs sent over there, they've gone full scale economic war. They've said, hey, we're putting restrictions on everything to every country because we don't want it to get to America. And on top of that, you guys have sold us the rare earth processing because your corporatists are so greedy, they'll sell out the country. They'll actually do what Lenin said. What did Lenin say? The capitalists will sell us the rope in which we will hang them. That's. But rare earths are. And she knows us. These people are smart, they're tough, they're strategic and they're pure evil. And they hate this country. And they are now at a full scale economic war with the United States of America. An economic war, folks. I'm telling you, we can win it if we use every tool in the toolbox. But in winning it, it's also going to make people around the world go, well, hang on. The way these guys win it is through their own economic process, particularly around their dollar and around this whole system of how money transfers. It will only drive, it will only drive the interest in gold. I'm not here to hog gold to you. I'm here to tell you reality. You make your own decisions, but now you need to do your own work. Birch Golds provided the information and we're going to provide more. But this is something you need to do for your family, for your country, for your community. You need to understand it. You need to understand it exactly where we are today. And don't listen to any of the happy talk that's out there. We're in it now. We're in the third World War. The economic part of it, the political part of it, the kinetic part of it. Philip Patrick joins us next.