Podcast Summary: Bannon’s War Room, Episode 4853

Title: Schumer Shutdown Continues; Entering The Third World War
Date: October 15, 2025
Host: Stephen K. Bannon

Overview

In this episode, Stephen K. Bannon dissects what he calls a global inflection point, arguing that the world is entering a new, dangerous phase of economic and geopolitical conflict—what he terms the “kinetic part of the Third World War.” He draws lines between financial instability, ballooning global debt, shifts in gold’s role as a financial asset, and the escalation of global conflicts, especially in Eurasia and China. The show includes analysis from Philip Patrick (Birch Gold), coverage of shifts in central bank policy, the implications for everyday Americans, and updates from the Moms for Liberty summit and Texas state politics.

Main Themes & Discussion Points

1. Inflection Point in Global Finance & Geopolitics

(00:02–14:54)

• Bannon’s Monologue:
  • The world has reached an “inflection point,” merging a massive financial realignment with increased geopolitical tension.
  • Bannon describes the U.S. government and global elites as irresponsible stewards of the world financial system, arguing that de-dollarization efforts by BRICS are a direct challenge to American global power.
  • Gold, historically dismissed by elite financiers, is rapidly regaining importance as central banks and investors lose confidence in fiat currencies due to rising debt and economic manipulation.
  • Bannon asserts the real threat to American security and prosperity is not the Middle East conflicts but Eurasian developments and escalating financial instability.
  • He warns that the world is “highly leveraged,” comparing the current situation to a global “leveraged buyout” at risk of margin calls due to missed business targets, setting the stage for crisis.

“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.”
—Stephen K. Bannon [13:55]

2. Gold as a Strategic Asset & De-Dollarization

(14:54–24:28)

• Philip Patrick (Birch Gold):

  • Gold is transitioning from a simple “hedge” to a core financial asset, increasingly favored for its security in an era of sovereign and inflationary risk.
  • The BRICS summit revealed a coordinated global push away from the U.S. dollar, as nations seek alternatives to the Western-controlled SWIFT system and weaponized currencies.
  • Central banks are accumulating gold to protect reserves, signifying a global consensus on the need for hard assets.

• Jamie Dimon’s Shift:

  • A clip is played of JP Morgan CEO Jamie Dimon, historically anti-gold, now remarking, “this is one of the few times in my life I said it’s semi-rational to have some [gold] in your portfolio... It could easily go to $5,000 or $10,000 in environments like this.” [20:14–20:29]
  • Bannon points to this as a seismic shift among mainstream financiers.

“The fact that Jamie Dimon’s talking about gold at all is quite incredible... this sort of rhetoric a few years ago was unimaginable from mainstream money managers.”
—Philip Patrick [21:09]

3. Cascading Risks: Debt, Deficit, and Negative Feedback Loops

(24:28–34:11)

• Bannon:

  • Explains the U.S. is running record deficits (6–6.5% of GDP), with $1.2 trillion in annual interest payments on the debt.
  • Warns of the risk of a failed U.S. Treasury auction; if buyers hesitate, rates could rise uncontrollably, inducing a spiral where higher yields force more borrowing—a “negative feedback loop” reminiscent of the late 1930s.
  • Argues that current financial policies are akin to a ‘bribe’ to keep the system working, referencing the Fed paying interest on bank reserves.

• Patrick:

  • Either a failed auction or steeply rising yields are possible, escalating debt service costs and creating a self-reinforcing cycle of crisis.

“We’re going to get to a place that they got to in the late 1930s where you’re in a negative feedback loop and you gotta hit reset.”
—Stephen K. Bannon [31:52]

4. China and the New Depression

(34:11–35:49, 39:24–45:51)

• Cites expert Scott Besant calling China’s downturn a “depression” and warning that the CCP is trying to drag the U.S. down with it.
• Bannon reiterates that the U.S. must decouple and support regime change “from the bottom up” in China, not top-down intervention.
• Raises the specter of China’s “attack date”—2027, referencing the ongoing strategic competition.

“Scott Besson... says they’re in a depression and they’re trying to drag us down to a depression. When Scott Bessant uses the D word, you better take out your number two pencil and write down the date.”
—Stephen K. Bannon [35:13]

5. Moms for Liberty Summit: Parental Rights and Culture War

(35:49–39:18)

• Tina Descovitch (Moms for Liberty):
  • Updates on the Moms for Liberty national summit—back-to-back speakers, awards, tributes.
  • Parental rights movement has not ended after electoral wins; ongoing battles in blue areas and challenges even in red states as schools “defy executive orders” and continue to spread “curriculum that hates America.”
  • Descovitch links the movement’s urgency to tragedies like the “assassination of Charlie Kirk,” framing such actions as symptoms of desperation from ideological opponents.

“They are getting desperate, Steve... you see the extreme measures they're taking because we are winning, because they are starting to get scared that America is awake and not gonna allow this to happen in our country.”
—Tina Descovitch [37:50]

6. Texas State Politics: The MAGA Agenda in Action

(40:35–47:21)

• Lee Wambsganss (Patriot Mobile / Texas Senate Candidate):
  • Outlines her campaign in a critical Senate district, positioning herself as a “pure MAGA candidate” against “RINO” Republicans and special interests.
  • Emphasizes local grassroots support versus opponent’s out-of-state funding, opposition to China buying land in Texas, and rejection of taxpayer-funded lobbyists.
  • Describes personal campaigning efforts and the urgency to “keep Texas, Texas” through conservative policy.

“I'm the only candidate in this race that was during the session and they do not want me to be elected. But that's okay because we serve a big God. … The people's voice is not going to be overshadowed if I'm elected.”
—Lee Wambsganss [45:02]

Notable Quotes

• “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.” —Stephen K. Bannon [13:55]
• “The way you [the Chinese Communist Party] have to do it is… to do it through the dollar.” —Stephen K. Bannon [07:28]
• “This is the first time in my life it’s semi-rational to have [gold] in your portfolio. That’s a bitch slap, by the way.” —Stephen K. Bannon on Jamie Dimon [20:27]
• “Central banks are doing it to protect reserves, banks are doing it for investment, and individuals are doing the same. Right now there’s only so much gold to go around and it’s driving prices up.” —Philip Patrick [23:34]
• “The Chinese Communist Party, they've been at war with us for May 19th... We are the leaders of the anti-CCP movement, and we have to unplug from this.” —Stephen K. Bannon [35:13]

Timestamps & Key Segments

• [00:02–14:54] Bannon’s opening monologue: financial history, the role of gold, and Eurasian conflict
• [18:00–24:28] Philip Patrick: gold’s changing status, central banks, and market insight
• [20:09–21:09] Jamie Dimon gold quote and analysis
• [31:20–34:11] U.S. deficits, interest expense, and risk of a failed Treasury auction
• [35:49–39:18] Moms for Liberty summit: parental rights, education, and activism
• [40:35–47:21] Lee Wambsganss on running for Texas Senate, MAGA vs. establishment, China land ownership

Tone and Takeaways

Bannon’s tone is urgent, combative, and apocalyptic, framing the global situation as a massive battle—both economic and cultural—for America’s survival. His guests echo the sense of crisis, providing insider perspectives on finance and conservative politics. The discussion is rich in historical analogies, economic analysis, and appeals to mobilize the MAGA audience at both the national and local levels.

Listeners are encouraged to:

• Take personal responsibility for their financial education, especially regarding gold and hard assets.
• Stay politically engaged at the grassroots, particularly in key states like Texas.
• Recognize the global stakes, as Bannon frames the current period as being the opening salvos of a Third World War—primarily being fought through economic and financial means before turning kinetic.
• Remain wary of “happy talk” from the mainstream, emphasizing vigilance and preparedness.

End of summary.