Episode 5082: Day 2 Of Davos; Minnesota Somalis Donate To ACT Blue

Summary

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Bannon's War Room — Episode 5082: Day 2 of Davos; Minnesota Somalis Donate to ACT Blue

Date: January 20, 2026
Host: Stephen K. Bannon
Co-Hosts/Contributors: Natalie Winters, Nor Bin Laden, Philip Patrick
Notable Guests/Speakers: Donald Trump (clips), Mark Carney (clips), Legal Analyst, Political Scientist

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Episode Overview

This episode dives deeply into rapidly evolving geopolitical and financial shifts as seen from the Davos conference (World Economic Forum), escalating federal investigations in Minnesota involving Somali-American political donations, and the broader unraveling of the postwar international order. The War Room team explores the uncertainty gripping global elites, the rise of safe-haven commodities like gold and silver, concerns over the U.S. dollar, and growing tensions between nationalist and globalist visions for the future.

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Key Discussion Points & Insights

1. Minnesota Investigation: Somali-American Political Influence and Federal Probe

• Natalie Winters reports on a widening Justice Department investigation targeting several Minnesota Democratic officials, seeking documents on their interactions with Somali-American political organizations and donations, particularly those processing funds through ACT Blue.

  • Federal subpoenas have been sent to five Democratic officials, signaling expanding scrutiny ("...prosecutors are seeking documents from the mayor of St. Paul, the state Attorney General, and the Hennepin county attorney…" [00:19]).

• Legal Analyst frames the investigation as a clash between federal immigration enforcement and local officials exercising their First Amendment rights ("...First Amendment protected activity by public officials...advising their citizens on how to...behave if they're confronted by ICE agents..." [02:42]).

• Example of local tension: Minnesota police chief reports ICE officers pulling over even fellow police officers of color demanding citizenship proof ([02:42]).

2. Davos: The ‘Rupture’ of the International Order & Central Bankers' Anxiety

• Former Bank of Canada and Bank of England governor Mark Carney delivers a stark Davos speech, proclaiming the end of the postwar rules-based international order:

  "We are in the midst of a rupture, not a transition...if great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interests, the gains from transactionalism will become harder to replicate..." — Mark Carney [04:26]

  • He emphasizes that countries are now forced to seek "strategic autonomy" in essential sectors and move away from reliance on American hegemony:

    "A country that can't feed itself, fuel itself or defend itself has few options. When the rules no longer protect you, you must protect yourself." [06:53]

  • Warns this turn toward national fortresses makes the world "poorer, more fragile and less sustainable." [07:27]

• Natalie Winters and Nor Bin Laden highlight how this messaging is a public acknowledgment that the U.S.-led order is fracturing, and that European and Canadian elites are preparing for a world where the U.S. dollar is no longer the unchallenged reserve currency ([21:47]; [23:27]).

• Stephen K. Bannon and Philip Patrick connect Carney's warning to the surge in gold and silver as "safe haven" assets. Patrick notes:

  "The post-World War II order was an order based on trust and cooperation and the dollar and government debt thrived in that climate. But what we're seeing internationally now: trust is breaking down and gold is coming back to the fore..." — Philip Patrick [11:33]

3. Currency Wars, The Rise of Gold & Silver, and De-Dollarization

• Dramatic spike in gold ($4,700) and silver (approaching $100) blamed on:

  • Japanese bond market turbulence,
  • Uncertainty over U.S. fiscal stability,
  • Global rush to alternatives as U.S. Treasury bonds lose their "safe-haven" status ([11:33], [13:31]).

• Central banks, especially in BRICS and emerging "middle powers," are rapidly diversifying away from the dollar ([13:31], [17:51]).

• Philip Patrick:

  "Foreign investors, central governments have realized something crucial. When the dollar's weaponized, they're holding the other end of that weapon." [17:51]

• Ursula von der Leyen (not directly quoted but referenced repeatedly) is cited as echoing these themes during Davos, suggesting EU would seek reserve status alternatives.

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4. The Somber Shift at Davos: From DEI to Geopolitical Realism

• Nor Bin Laden and Bannon note a distinctly grave tenor at Davos 2026:
  • Elites are less focused on progressive slogans (DEI, ESG) and more on the crumbling foundations of globalization:

    "There's a much more serious tone to Davos this year...between the AI, the energy needs for AI...the postwar international rules-based order, what President Trump's doing, the rise in nationalism...globalists understand this thing's coming apart…" — Stephen K. Bannon [26:06]

  • Nor Bin Laden provides context on the rolling out of digital currencies (European digital euro, 2027), the efforts to prepare elites for a cashless, more tightly surveilled future ([23:27], [27:08]).

5. China's Influence, "Trusted Partners," and Canada

• Natalie Winters highlights a concerning trend:
  • Mark Carney and Canadian policy elites openly refer to the Chinese Communist Party as a "trusted partner" ([34:33]).
  • This is framed as reflecting ideological and financial compromise with the CCP, and an embrace of autocratic models for managing political dissent and industrial policy:

    "They hate the United States, or at least what the United States stands for now, which is secure borders, national sovereignty..." — Natalie Winters [34:49]

  • Canada’s pivot is tied directly to access to rare earths, critical minerals, and its vulnerability as a U.S. trading partner.

6. Color Revolution Tactics, "3.5% Rule," and Escalation of Domestic Protest

• Natalie Winters discusses rising protest activity and the “3.5% rule,” which holds that sustained nonviolent protest by just 3.5% of a population can topple regimes ([38:55]):

  “If you can just get 3.5% of the population in any country to basically turn on the ruling elites, that you'll have a revolution on your hands.” — Natalie Winters [41:30]

• Clips/playback from political scientists Stephen Levitsky and Erica Chenoweth, analysts of revolutions, make clear that current protest strategies are not about debate but about demonstrating political, financial, and electoral costs, sometimes accepting (or even encouraging) escalation into violence:

  "I don't think that there's an intervention that will have the MAGA regime see the error of its ways. I do think there are interventions that demonstrate the political, electoral and financial cost of authoritarianism..." — Quoting the executive director of the Women's March, as read by Winters [43:06]

7. Minnesota Somali Community, Political Donations & Alleged Corruption

• Winters draws a direct line from the importation of Somali communities to alleged campaign finance abuses in Minnesota, linking ACT Blue donations to local political patronage, kickbacks, and activism:

  "This is weird. Money laundering. This is weird. Kickbacks to buy votes. And how do you know it? You can tell from the mass mobilization that you're seeing in the streets..." — Natalie Winters [47:43]

• Bannon and Winters both warn this is a national, bipartisan problem that spreads into "red states" via similar mechanisms ([50:04]).

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Notable Quotes & Memorable Moments

• Mark Carney (Davos Speech; read by Carney and referenced throughout):

  "We are in the midst of a rupture, not a transition..." [04:26]
  "A country that can't feed itself, fuel itself or defend itself has few options. When the rules no longer protect you, you must protect yourself." [06:53]

• Philip Patrick (on gold):

  "What we're seeing internationally now: trust is breaking down and gold is coming back to the fore as the currency for international trade because it doesn't require trust. And we're in a climate with very little trust." [11:33]

• Stephen K. Bannon (on the stakes):

  “This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. I got a free shot. All these networks lying about the people...but you're not going to stop it. It's going to happen.” [09:17]

• Natalie Winters (color revolution):

  "They are just trying to use violence. And we saw that with Charlie Kirk... they're trying to create these mass protests to be as inviting as they can from a psychological perspective so more Americans will get involved..." [39:48], [41:30]

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Important Segment Timestamps

| Timestamp | Segment Description | |-------------------|--------------------------------------------------------------------------| | 00:00 – 02:42 | DOJ expands probe into Minnesota officials and Somali political donations | | 04:26 – 07:44 | Mark Carney's Davos speech, “rupture” of rules-based order | | 11:33 – 14:03 | Gold and silver surge; U.S. dollar losing “safe haven” status | | 17:51 – 19:14 | Risks of dollar “weaponization”; central banks moving to diversify | | 21:47 – 23:27 | Nor Bin Laden: Tone of Davos, digital currencies, Carney’s significance | | 26:06 – 27:08 | Somber mood at Davos; globalists admit order’s unraveling | | 34:33 – 37:10 | Winters on CCP influence, Canada, rare earths, and political alignments | | 38:55 – 41:30 | “3.5% rule” and protest strategy explained | | 47:43 – 50:04 | Winters on Minnesota, ACT Blue, Somali donations, and national implications|

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Conclusion: Episode Tone & Looking Forward

This episode is marked by a deep sense of urgency and vindication from the War Room team. The hosts repeatedly underscore that their long-held predictions about global financial upheaval, sovereignty, and elite collusion are manifesting in real time. The collapse of confidence in the international order, the flight to gold and silver, the empowerment of central banks over national currencies, and the weaponization of migration and charity networks are all seen as converging threats to American sovereignty and stability.

Looking Ahead:

• The team eagerly anticipates President Trump’s upcoming remarks at Davos, expecting him to challenge the globalist narrative head-on.
• The show will further track both geopolitical and domestic flashpoints, especially as the Minnesota story develops and as the implications for U.S.-China-Canada relations and 2026 election season unfold.

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Findings in Brief:

• Globalization and the postwar order are openly in crisis among elite circles.
• U.S. dollar hegemony is at serious risk, with world powers and even allies preparing alternatives.
• Domestic unrest is being strategized—not just happening spontaneously—by activist-intellectual networks.
• America's political class (both parties) is deeply implicated in trends fueling the current instability.

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To follow War Room:

• warroom.org
• Twitter: @WarRoom
• Nor Bin Laden: @norbinladen
• Natalie Winters: nataliegwinters.substack.com

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Transcript

[Natalie Winters]

Justice Department investigation, which initially focused on Minnesota Governor Tim Walls and Minneapolis Mayor Jacob Fry, is expanding. The New York Times reports federal prosecutors have issued subpoenas to at least five Democratic officials in Minnesota. Beyond Waltz and Frey, two people familiar tell with the matter. Tell the New York Times that prosecutors are seeking documents from the mayor of.

[Nor Bin Laden]

St. Paul, Kali Herr, the state Attorney.

[Natalie Winters]

General, Keith Ellison, and Mary Moriarty, the Hennepin county attorney.

[Donald Trump]

Halted all refugee admissions to the United States, including from Somalia, which is a terrible, terrible place and other dangerous places. And we also stopped the pirates because they get the same treatment as the drug boats. So when Somalia, the Somalians, you know what they're good at? That's about the only thing they're good at is they're good at pirating ships at sea, big ships. So you have a huge oil tanker with millions of gallons, millions of barrels of oil, and if it gets hit by a big weapon, the whole thing blows up. And they don't want to fight because if they do, they're told by their insurance companies do not hand over the ship and they're not allowed to have any guns on the ship. Literally, you have these massive ships being taken over by a Somalian small boat with a big weapon because if they hit the side of the ship, the ship can blow up to. I mean, you talk about a blow up bad. We've seen, we've seen some bad things happen. And the insurance companies, some of these ships cost more than a billion dollars to build. And the insurance companies say, look, we'd rather give them money than take a chance on a billion dollar insurance policy. But they don't have to worry about it because we hit them the same way we hit the people with the drugs in their boat. They don't know what the hell happened. But all of a sudden there are no pirates at sea. Do you notice we haven't had a boat taken in a little while. Came out of Somalia, really corrupt place. It's not a country. They don't have government, they don't have anything. I always hate to see this. Ilhan Omar, she comes from Somalia, a backward country, probably the worst country. They say it's the worst country in the world. If it's a country, I don't even think it's a country. There's no organization. They don't have police, they don't have military, they don't have anything. They just have people running around killing each other and trying to pirate ships. But she'll come, here comes, and then she wants to tell us how to run our country. The Constitution says that I have a title to this. I can't stand her.

[Legal Analyst]

They're looking at whether these local officials have violated a statute that makes it a crime to conspire to obstruct federal officers in the course of their duty. But what we're talking about here is First Amendment protected activity by public officials, elected officials in the state of Minnesota and by various cities essentially advising their citizens on how to fulfill their civil rights and how to behave in if they're confronted by ICE agents and denouncing what they see as an invasion of their community. You know, before we got on the air, I was watching video of a news conference by a local Minnesota police chief who said that even members of his own department, people of color entirely, he said, are being pulled over by masked ICE agents and who are demanding proof of citizenship. And only when they present their police ID are they allowed to go. These were men with guns drawn.

[Nor Bin Laden]

They.

[Legal Analyst]

This is happening every day around the country, but particularly in Minnesota, and these local officials are trying to put a stop to it. So we have an incredible clash here between the federal government, the awesome power of the Justice Department and the federal government and local elected officials in a way that we haven't seen ever in the history of this country.

[Donald Trump]

I think something's going to happen that's going to be very good for everybody. Nobody's done more for NATO than I have. As I said before in every way. Getting them to go up to 5% of GDP was something that nobody thought was possible. And pay at 2%. They weren't paying at 5%. They are paying and they're buying a lot of things from us and they're giving them, I guess to Ukraine. That's up to them. But they're giving them to whoever they're giving them to. But they're buying a lot. I think that we will work something out where NATO is going to be very happy and where we're going to be very happy.

[Mark Carney]

For decades, countries like Canada prospered under what we called the rules based international order. We joined its institutions, we praised its principles, we benefited from its predictability. And because of that we could pursue values based foreign policies under its protection. We knew the story of the international rules based order was partially false. That the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically. And we knew that international law applied with varying rigor depending on the identity of the accused or the victim. This fiction was useful. And American hegemony in particular helped provide public goods open Sea lanes, a stable financial system, collective security, and support for frameworks for resolving disputes. So we placed the sign in the window, we participated in the rituals and we largely avoided calling out the gaps between rhetoric and reality. This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition. Over the past two decades, a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited. You cannot live within the lie of mutual benefit through integration. When integration becomes the source of your subordination, the multilateral institutions on which the middle powers have relied, the wto, the un, the cop, the architecture, the very architecture of collective problem solving, are under threat. And as a result, many countries are drawing the same conclusions. That they must develop greater strategic autonomy in energy, food, critical minerals in finance and supply chains. And this impulse is understandable. A country that can't feed itself, fuel itself or defend itself has few options. When the rules no longer protect you, you must protect yourself. But let's be clear eyed about where this leads. A world of fortresses will be poorer, more fragile and less sustainable. And there's another. If great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interest interests, the gains from transactionalism will become harder to replicate. Hegemons cannot continually monetize their relationships. Allies will diversify to hedge against uncertainty. They'll buy insurance, increase options in order to rebuild sovereignty. Sovereignty that was once grounded in rules, but will increasingly be anchored in the ability to withstand pressure.

[Natalie Winters]

And you spoke earlier about the 2020 election. Now that Maduro. Maduro is in US custody and he was criminally charged, has any more information emerged that you could share with us regarding Venezuelan election software and Venezuelan ties to tampering with the 2020 election? And would you consider speaking to Maduro personally in prison in New York to get some answers on Venezuela's involvement with the 2020 election?

[Donald Trump]

No, I don't think I would be doing that. I think my lawyers would be very unhappy if I. Yeah, they've learned. They've learned some things.

[Mark Carney]

How far are you willing to go to acquire Greenland?

[Donald Trump]

You'll find out.

[Natalie Winters]

We saw a rally in Hard assets.

[Nor Bin Laden]

Gold and silver, most notably Krishna. Is that the way to go?

[Natalie Winters]

I mean, if you want to go.

[Nor Bin Laden]

Risk off, is it going to be.

[Natalie Winters]

Anywhere in EQUITIES or is it better.

[Nor Bin Laden]

A better risk off trade to be in metals?

[Donald Trump]

So look, metals are crowded. Metals are very richly valued. But I think it is a sobering point to consider that the US treasury is not performing the normal safe haven role in this moment, just as it didn't in April last year when we had the Liberation Day tariff shot. Now, to date, the moves right in this latest episode are much more muted. And again, you'd expect that if you think that investors are putting a 70, 80% or more probability that this Greenland business gets wrapped up. But if the treasury is not acting as the safe haven asset, something else has to golden precious metals, Swiss franc. The list isn't very long.

[Stephen K. Bannon]

This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. I got a free shot. 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. Welcome. It's Tuesday the 20th of January Yerviller 2026, the one year anniversary of President Trump. By this time a year ago, remember we were pardoning the J6 and our coverage was amazing when we came back to the 5 o' clock because President Trump had already done so much from our morning show that got right up to the time of the oath of office one year ago today. What a year. And man, what a day. Today in news I've got Philip, Patrick Nor Bin Laden, Natalie Winters. Join me. I want to start with Philip first. And Philip, I understand with gold and silver where they are, it's very hard to pry you away from the desk and to get your focus. But I had to bring this on. Let's deal with Carney in a second because I don't think President Trump and Carney are going to be besties anymore. But gold and silver as a safe haven asset. This thing started today with the Japanese bond market blowing up and then you had this whole situation with Greenland, this rush to I think gold went past 4700 bucks. Silver is closing on 100. That would be two barrels of oil. Shockingly walk us through when they say if Treasuries can't be then because there's all kind of issues about the twos and the tens. The safe haven asset will be gold and physical gold and silver. Your thoughts sir?

[Philip Patrick]

Yeah, I mean I think it's absolutely correct and we've been talking about this for years now. We're starting to see things unfold in real time. But I think what we saw today from the meeting was a combination of two things. It was fear and from a financial perspective it was risk management which unfolded in real times. Financial markets obviously closed today but gold and silver prices exploding. And I think this is what it looks like when governments, central banks, pension funds and so called middle power nations as Carney referred to Canada as today start to ask one question what happens if the dollar is no longer neutral? And we know that markets don't make speeches. What they do instead is reprice risk. And I think precious metals will pick up a lot from. Listen the post World War II order was an order based on trust and cooperation and the dollar and government debt thrived in that climate. But I think what we're seeing internationally now trust is breaking down and gold is coming back to the fore as the currency for international trade because it doesn't require trust. And we're in a climate with very little trust.

[Stephen K. Bannon]

We had Ursula on today and she almost gave. It's like she cribbed the end of the dollar empire. She talked about Nixon but then she implied that their future independence, their future sovereignty as Europe depended upon getting off the US dollar as a prime reserve currency. And this is coming after Carney in the room with the Chinese Communist party said that their pledge they're working together this new relationship is going to have Canada supporting the Chinese currency and kind of implied so they get more strength in the world implied that it could be an al to the US dollar. Give me a minute on that for go to break on holding through the break your thoughts?

[Philip Patrick]

This is what we talked about. It started with the brics. Big concern for us was not that the dollar was going to lose its global reserve currency status overnight. It is too intrinsic and far too powerful for that. The concern was brics and incentivize blocks rather and to incentivize them to start finding alternatives. And it's exactly what happened. I think the Europeans are learning from the BRICS and it's starting to unfold in real time.

[Mike Lindell]

Wow.

[Stephen K. Bannon]

Unfolding of the prime reserve currency along with risk management looking for a safe haven asset gold and silver on fire. Remember folks, it ain't the price, it's the process. Go to Birch Gold right now. Two alternatives. One, you take the phone out. Kind of simple. Text Bannon B A N N O N at 989-898. You get the ultimate guide. There is no cost to this, there's no obligation. But you can get access to Philip, Patrick and the team that is the ultimate guide for investing in gold and precious metals in the age of Trump. And this has all the methodologies, the 401ks, the IRAs. But you can talk to Philip directly. Also the primer that gets you up to speed on all this so you can understand when Ursula talks or Carney talks. The end of the Dollar Empire birchgold.com promo code Bannon the end of the Dollar Empire. With a qualifying purchase, you get a hard copy signed by yours truly. Short break. There's a lot of politicians that should be getting coal in their stockings for Christmas. But Birch Gold thinks as a smart planner, you deserve silver. That's why for every $5,000 you purchase between now and December 22nd, Birch Gold will send you an ounce of silver free. Remember, silver is up over 60% this year and over $60 an ounce. You see, smart people diversify and have a hedge. That's why I encourage you to buy gold from Birch Gold. With the rate cuts from the Fed in 2026, the dollar will be worth less. And what happens if the AI bubble burst? Diversify. Let Birch Gold Group help you convert an existing IRA or 401k into a tax sheltered IRA in physical gold. Let me repeat that. Physical gold. And for every $5,000 you buy, you'll get an ounce of silver for your stocking or for your kids. What a great way to teach them about saving smartly. Just text my name, Banit B A N N o n to 989-898 to claim your eligibility for this offer. Again. Text Bannon Bannon to the number 989-898 today. Because Birch Gold's free silver with qualifying purchase promotion ends the 22nd of December of this year. Make sure you text Bannon 298-9898. Do it today. War Room.

[Donald Trump]

Here's your host, Stephen K. Bannon.

[Stephen K. Bannon]

Okay, Philip. From Ursula in the morning in her talk to Carney in the afternoon. These were not maybe eulogies for the post war international rules based order as we've talked to this audience and share with them over the years that this is shattering. This is the key to globalization and the extraction of value. From American citizens and the crippling of this country. It may not be the eulogy, but let's say it's the celebration of life. It's a celebration of life, not a full funeral. Your thoughts? Carney was pretty to the point. I mean coming. Here's the thing about Carney. He's Goldman Sachs train. He ain't gonna back down. What he did in Beijing I thought was awful. But he went to Davos and he wants to be the kind of leader of the middleweights, right? He's saying, hey, Starmer's all screwed up, Macron's got the sunglasses on, he may be in the black eye club, who knows? It's weird wearing the glass. I'm sure he's got some eye infection. I don't even wanna ask where he got it from. Your thoughts on Carney? On Ursula and Carney's celebration of life for the post war international rules based order.

[Philip Patrick]

Sir, look, I think foreign investors, central governments have realized something crucial. When the dollar's weaponized, they're holding the other end of that weapon. And political risk starts to get replaced globally. In Canada talks of China as a trusted partner. I don't think this is ideology. This is diversification language. And today Carney basically said the quiet part out loud. He talked about a new global order, referenced the middle powers saying that they cannot rely anymore on a single system. And he pushed back on sort tariffs and economic coercion, not as a protest, but as prudence. And I think this reminded me a lot of Lula's speech at the end of the Brics summit. Now we can call this anti Americanism, but I think they're starting to see it more as risk management. Ursula von der Leyen referenced Nixon's closing of the gold window as you mentioned in 71. This wasn't a history lesson on her behalf. I think this was an admission that a system that has run on confidence for so long and confidence in the global order is no longer assumed. My biggest concern of all is you don't come out and say that publicly unless capital is already moving. And that's the big concern for me.

[Stephen K. Bannon]

Yeah, the America first trade that Scott Bess and we had the Secretary on today has turned into a sell America trade. We're going to develop this and Philip more than ever, folks. I've say this to him blue in the face. This is why we've been doing this with Philip and the team at Birchgold for five years. This is why we started when gold was 1000 bucks. And this is what we talked to Philip and his team about right away. I said, we're not going to sell gold in the show. We're not going to just talk about the price. Let's talk about the process. And you'll have a informed consumer. And of course, it's 4700 bucks a day and silver's through the roof. I want people to go get the end of the Dollar empire. We started off talking about populism and currency in the dollar as the core to the Bretton woods system. Literally, Ursula ripped off. I mean, we should have trademarked this thing. She lifted it right from the pages that we talked about. And that's fine because this is a very important lesson and it's only gonna get crazier and crazier. Trust me, we're in a fourth turning. This ain't stopping anytime soon. And Trump over there tomorrow, he's gonna drop the hammer, as he did in his 1 hour and 45 minute press conference today. End of the Dollar empire. Go to birchgold.com, promo code Bannon. End of the Dollar Empire. If you make a qualifying purchase, I you get a signed copy, the hard copy from yours truly. And I don't want to see them up on ebay because I know they're going to fetch big bucks. Philip, I want people to talk to you. It's not the price, it's the process. This is only going to get crazier. And now they've just said, hey, a safe haven asset for the world's probably gold and silver. And this is why the central banks have been buying it with both hands for three years, with records over three years. Philip Patrick, how do they get to you? How do folks get to you and talk to you?

[Philip Patrick]

Is very simple. It's birchgold.com Bannon or they can text Bannon to 989-898. Get access to free information. Get access to End of the Dollar Empire reports. We're putting out information all the time and I'm getting concerned we're writing it into reality because everything we've been talking about for the last few years is unfolding. So birchgold.com forward/ban and just get the information and get reading, please.

[Stephen K. Bannon]

The Pathfinder. I'm gonna bug you later. I want you on the show a couple more times, particularly after President Trump's talk tomorrow. Philip Patrick, thank you. Go back to the desk. I'll bug you later. Thank you. Steve. Noor bin Laden, you've been both following the main stage. You've been following really, the breakout sessions. Which are so important for what's really going on. What's your latest report on Davos, Ma'?

[Mike Lindell]

Am.

[Nor Bin Laden]

I'd like to add actually to that speech that Mark Carney gave because it was incredibly, incredibly important. And I really ur urge the posse to go listen to it in full. I'll be watching it a second time myself because he said so many critical things, especially when he talks about this rupture in the world order and the end of a pleasant fiction and the beginning of a harsh reality when he describes this inflection point where we find ourselves. And I found that his speech was actually incredibly strong in tone and unlike the other people that are presenting there. You know, we discussed Larry Fink, Macron with his sunglasses, because who knows what happened to him underneath, underneath them. But Carney's no joker.

[Stephen K. Bannon]

Do not imply, do not, do not imply, do not, do not imply that Macron's part of the black eye club. Okay, let's, let's avoid that. Well, Carney, no Carney, and I don't say this because he worked at Goldman Sachs. Two options. Hold it. Carney's a very serious guy. He's a very serious guy. That speech and Grayson Mo, if you can put it up. I agree, everybody in this audience, because this audience is the smartest audience out there, you gotta listen to this. Because unlike Ursula, I was relatively unimpressed by her. He brought the heat. And President Trump, trust me, Scott Bessen is going to be sitting down with President Trump tonight. And I think Marco and President Trump's going to have a few rejoinders in his. He's not going to let that just lay out there. Do you think, do you think, Nora?

[Nor Bin Laden]

No, absolutely not. And to Mr. Patrick's point, you know, he was clearly given the green light to telegraph and to share this message with the audience and the world essentially. And when he says that the rules based order is fading, it completely aligns with what Ursula von der Leyen was saying earlier today. These people coordinate and they are very much in lockstep. And we talked about the opening of China around the early 1970s, you know, with Kissinger, with Nixon, all the moves that were made at that time to transform China into the manufacturing superpower of the world. And by, by that with the destruction of the US Manufacturing base. And I would say if we look at the big picture, it is clear that we are moving towards a cashless society. This is also what they've been telling us for a few years now. Christine Lagarde, you know, as the head of the European Central bank preparing for the rollout of digital, the digital euro in early 2027. So 2026 is going to be a critical year. And I feel that what's happening in Davos this week is the starting point of that transition, so to speak, or this rupture, to use the term, of Mark Carney. And coming back to him, absolutely. He's a very, very serious guy and we need to be looking at him. You know, he's not some actor that was selected to be a president of one of those nations like I believe, excuse me, Macron was. You know, you look at the pedigree of Mark Carney, as you mentioned, 13 years Goldman Sachs, Governor of the bank of Canada, Chairman of the bank of International Settlements Committee on the Global Financial System, Group of 30 of the world Economic Forum of leading financier, financiers and academics, Bilderberg Group attendee several years chairman of the FSB Financial Stability Board and more importantly, most importantly, Governor of the bank of England, of course, which is what he's most known for. And he was a major proponent of ESG net zero. Also in terms of his role with the United nations and all of the climate scam that the audience is going to be very familiar. But you could tell he's, he's, he's a big deal. He's not one of those mere puppets, I would say. So we have to pay attention to him.

[Stephen K. Bannon]

And the reason, the reason he's an interesting figure because of his background and he is a hardcore globalist. I mean hardcore. He thinks nationalism is a pestilence. One thing I've noticed, I'm going to take you through the break. Natalie's going to join us also. She's been here since the beginning. One thing I noticed, maybe it's just me and what I've caught in watching this. There's a much more serious tone to Davos this year. In the past, they've had this kind of fluffy DEI esg, you know, Davos man, people skipping around. This is between the AI, the energy needs for AI, the, you know, the post war international rules based order, what President Trump's doing, the rise in nationalism. Right. You had Carney, you know, spit that out a couple of times. Not just populism, but now nationalism. It seems to me, and I haven't seen all the breakout sessions, that there's a much more somber and a much more serious tone as the globalists understand this thing's coming apart, ma'. Am.

[Nor Bin Laden]

No, absolutely. And Secretary Bessant made a very good point earlier as well, in the show with you, Steve, he said that the EU has no cloud and you're seeing this happening there. There's a point, we're at a point right now where they're forced to choose to side with either the US and their tech oligarchs or China. And this is what Mark Parney clearly signaled a few days ago during this meeting and his visit with Chinese officials, that he was clearly choosing China over the United States of America. Especially in light of all of this Greenland talk, you can feel that there are lots of tensions. And I'm very much looking forward, obviously, to President Trump's speech tomorrow to see how he's going to handle that. But alongside with all the heaviness and the seriousness that you just mentioned, which I think you're absolutely spot on, the levity and joking nature of President Trump is much welcomed. I really is much welcome. I really enjoyed the memes that he posted last night. I thought those were hilarious.

[Stephen K. Bannon]

He's been on, he's, he's been on a roll. And of course, that hour and 45 minutes today from the press briefing room. Short commercial break Natalie Winner is going to join us nor Bin Laden from Switzerland. All about Davos Short do you owe back taxes or haven't filled in years? Now is the time to resolve your tax matters. When the national conversation around abolishing the income tax system, the IRS is fighting back and proving it's here to stay by becoming more aggressive than ever before. They're sending out more collection notices, filing more tax liens and collecting billions more than in recent years. If you owe, the IRS can garnish your wages, levy your bank accounts, seize your retirement, even your home if you owe or haven't filed. It's not a question of the IRS will act, it's when the IRS will act now. Right now, Tax Network USA is offering a completely free IRS research and discovery call to show you exactly where you stand and what they can stop before it's too late. Their powerful programs and strategies can save you thousands or even eliminate your debt entirely if you qualify. Don't make a costly mistake. Representing yourself or calling the IRS on your own waives your rights and costs you more money. They are not on your side. The IRS is there to get as much money as possible, not to help you out. Get protected the right way with Tax Network USA and start the process on settling your tax matters once and for all, beginning today. Call 800-958-1000. That's 1-800-958-1000 or visit taxnetworkusa.com that's tnusa.com Bannon for your free discovery call with Tax Network tnsusa.com Bannon for your free Discovery call or call 1-800-958- 1000. That's 1-800-958-100. Don't let the IRS make the first move act today.

[Donald Trump]

Here's your host, Stephen K. Band.

[Stephen K. Bannon]

Nor Bin Laden. It's late. You gotta get up early tomorrow. You can be with us for all day coverage of President Trump's arriving. President Trump is actually staying on Thursday now for the first, I think committee meeting of the, of the peace conference or the peace committee. Your closing thoughts, ma'.

[Nor Bin Laden]

Am.

[Stephen K. Bannon]

And where can we get you? What's your social media?

[Nor Bin Laden]

Sure, Steve. Yes. Much, much more to cover. We haven't even broached all of the AI stuff which probably kicked off today. Yuval Noah Arari gave a very interesting talk as well. So I encourage the audience to go watch that in full because it was very, very interesting. And tomorrow we'll cover all the latest developments out of Davos, especially with this address by President Trump. You can find me at norbenladin subseque go.com and on Twitter at normanladen.

[Stephen K. Bannon]

Nor. Thank you for saying a very late tonight and we'll see you first thing tomorrow when we open the show. See you, man.

[Nor Bin Laden]

Thank you.

[Stephen K. Bannon]

Thank you.

[Nor Bin Laden]

See you tomorrow. Bye.

[Stephen K. Bannon]

So, Natalie, you've been with us and riding shotgun with me in these Davos things for what, five years? I noticed that Zelinsky's, Zelinsky is not front and center, but you're also the lead investigator, I think think in all of Washington, D.C. about the Chinese Communist Party. And now you've had Carney, it's out in the open, right. They're looking for alternatives away from President Trump, the United States, the globalist. Your thoughts on the opening couple days of, of Davos of the World Economic Forum with the new mayor of Davos, Larry Fink.

[Natalie Winters]

Well, I think it's a different tone than we're used to seeing. And I think part of that shift is because before I think what they wanted to do was sort of have us voluntarily comply right with what they were trying to roll out. I think we saw that in these euphemistic HR department approved terms like the great Reset. But now they've almost shifted from compelling and there almost seems like a more coercion or it's sort of this post hoc it's already happened analysis. We're already in this New post rules based international order shifting to a New World Order, which I was told we were conspiracy theorists for daring to even say that term for a very long time. And I think that that is quite interesting because in a weird way, they're almost affirmin confirming the victories of maga, of President Trump, of the audience that composes this show by using our conception of sovereignty, as you've always talked about the Westphalian nation state, sort of using that as a pretext to then justify shifting away from that because they find that inherently problematic. And I always say whenever you hear people like that who have never used the word sovereignty before, it doesn't exist in their vernacular. And then all of a sudden they start talking about it like Kamala Harris did on the campaign trail. That is an immediate flag because it's sort of this weird distortion of what they are talking about sovereignty actually meaning. And I think when they talk about, right, this euphemistic new New World Order, I think it sort of links back in a weird way. It's sort of this horseshoe theory of agreement with, I think, President Trump's take on where we stand right now in America. It's why they're taking all these desperate measures. Right. We're at an inflection point, and I would argue it through the lens, you know, more so of the Chinese Communist Party. We're really at the inflection point of this idea of a Thucydides trap. Right. You have a ris power versus declining power, saying that the United States is the latter. But it seems like the World Economic Forum is sort of the in kaleidoscope in full color, really. Prediction and rollout of what a future global order looks like, not just where the Chinese Communist Party is in control. Right. That's part of Mark Carney's recent media tour. But it's also just this complete. I mean, they're saying what we said they've been admitting to, or at least clandestinely doing for years, which is usurping, usurping national sovereignty, trying to destroy populist movements in favor of a New World Order. So it's sort of this weird vindication that we've been right, but we don't want to be right on this stuff.

[Stephen K. Bannon]

Talk to me about in your investigation. This guy's a former head of the bank of England and now Prime Minister of Canada, one of our, I think, our largest trading partner. He refers to the Chinese Communist Party consistently as a trusted partner. Your observations on that?

[Natalie Winters]

Well, look, you can always tell a lot about how compromised people are by the Chinese Communist Party, by the way that they describe them. Right. You got everything from competitor that's maybe the harshest to ally to friend, but trusted partner. Going all in, even using an adjective and referring to them as a partner is something that even for me, I'm not typically used to hearing that descriptor. Like I said, I think that part of this is an ideological compromise. Right. They hate the United States, or at least with the United States stands for now, which is secure borders, national sovereignty. The idea that tariffs actually mean something, that only works if you believe borders mean something. And I think that the Chinese Communist Party, the reason why people like Mark Carney are so drawn to the way that they rule, it's not just that they're all to their core Marxists, but I also think they actually just like real autocracy. Right. They like the repression of people who they disagree with of dissidents. Right. Like we've always said January 6th was like the American version, I think of like the Hundred Flowers campaign. Right. They want to identify opposition only to crush them. And that's why there's such a convergence there. Obviously, you know, I could chapter and verse you on what's going on in Canada. People know that. But Steve, like you've been so ahead of the curve and brilliant on it has to do with their northern border too. This all has to go back to obviously the Chinese, I think, I would say, having a sort of trying to counter the United States interest to shore up where our key vulnerabilities are, which is of course in rare earths and critical minerals. And now that the United States has sort of launched a full scale assault, kind of a whole, not just of government, but a whole of society. Right. You've seen that with the public private mergers with things like the Mountain Pass mine deal to try to fix that problem. It's like game on. And in some ways, the kinetic part of World War 3 hasn't started. I'm sure we could have a debate if it actually has, if it started years ago. Ukraine, the Middle east, take your pick. But this is sort of like a weird form of the kinetic aspect of World War iii, where you're seeing it be about, you know, industrial policy, the ability to even build the missiles and the rockets that are going to be launched to advance, you know, whether it's AI or the tech space that they're also talking about a lot at the World Economic Forum, which we've seen obviously become a critical part of warfare too. So it's spooky. It's an eerie feeling. Maybe I finally understand how the legacy media feels in the White House briefing room when President Trump is in there.

[Stephen K. Bannon]

Okay, I want to play, you've got a couple of clips. I want to play this and tee it up on all this issues about this insurrection. Let's go and play it. Bring Natalie back.

[Political Scientist]

And the other is the movement to, to tell our top military commanders, to instruct our top military commanders to refocus their attention on what Donald Trump called internal enemies and, and a war from within. And that is literally Pinochet stuff. That's the kind of language that we heard in, in South America in the 1970s. So these initial efforts, they're not yet terribly successful, but these initial efforts to politicize the military, if that continues, if they have any success in that, is a very, very dangerous thing. Let me just add what might have been a fourth thing, but actually didn't really materialize. But what worried me a lot at the time was the aftermath of the Charlie Kirk assassination when the government really ramped up the, the, the, the rhetoric about all of the Democratic Party and much of civil society being terrorist or being linked to terrorism and which would have been or could have been a justification to crack down much more widely on opposition. They, they didn't do that. And, but, but there were a couple of weeks there where it, it looked like that could, that could open up a new level of repression. So that, that was sort of a, a something that could have been much worse.

[Stephen K. Bannon]

I know you highlight these peaceful protests on your show regularly. Do you think they do any good? Do you think that anything comes from them?

[Philip Patrick]

Yes.

[Nor Bin Laden]

You do?

[Stephen K. Bannon]

Yes, I do.

[Natalie Winters]

I mean, in political science terms, there's what's called the 3.5% rule, which is that if you look at authoritarian regimes of various kinds all over the world over the last century, Once you have 3.5% of a population protesting nonviolently against a dictator or an authoritarian, that is essentially an unstoppable force that they can't oppose and that precludes them from consolidating dictatorial power.

[Stephen K. Bannon]

Three and a half percent.

[Natalie Winters]

Three and a half percent. It's not that much larger a number than what we're already seeing in the streets against Trump.

[Stephen K. Bannon]

Wow. They went there on Pinochet. Explain what we just saw, ma', am, because they're not being shot and they brought Charlie Kirk up in the assassination. It's just mind boggling. Walk me through that.

[Natalie Winters]

Well, look, it's not a 100 days celebration if we can't have a little bit of a meltdown montage. So I thought it was to air that, which, by the way, happy 100 days. It's awesome to be here. But the two individuals speaking before are someone, Steve, that we have talked about well before these hundred days. They're sort of the architects of a lot of this color revolution framework, I would say the sort of academic counterpart to the norm Eisens of the world. One of them is they them by the name of Erica Chenoweth, who essentially came up with that 3.5% figure. And the other is Stephen Levitsky, who has used basically the, I would say, guise of studying other countries and how those regimes have been toppled, typically led by, you know, United States backed color revolutions, but how they have deposed regimes. And I think now we've certainly seen those tactics be used here against President Trump. And why this is so important is because you can see the media, I think, already sort of creating the permission structure for violence, just outright violence to be used in these protests. I mean, we've already seen it. We've seen the pictures. There's a wild Axio story out today. You sent it to me, Steve, but tracking the increase of Americans specifically on the left who think that political violence is okay and it's reaching new Heights. As of January 16, 34% of those polled agreed that Americans, quote, may have to resort to violence in order to save our country. That's up from 11% in October and down from 40% at the June no Kings protest. That of course, being the indivisible. All these sort of left wing groups coming together under this big consortium to basically depose Trump. And I think there's a very telling quote in that article from the executive director of the Women's March, and I'll read it. It says, I don't think that there's an intervention that will have the MAGA regime see the error of its ways. I do think there are interventions that demonstrate the political, electoral and financial cost of authoritarianism. And I think that what you can take from that and you see it in their tactics, they're not looking to have a debate, right? They're not looking to change our hearts and minds. They are just trying to use violence. And we saw that with Charlie Kirk. The other reason that I played that clip is the way that, I mean, talk about callousness, but the way that that individual Stephen Levitsky talks about the Charlie Kirk assassination, they point to that as something that was unfortunate for their side because the Trump administration tried to crack down on the left wing groups that I'm sure riled up the person who shot him. And the irony in all of this is that those are the people who are lecturing us on violence. And again, if you have to create a whole center called nonviolent protesting, that's up at Harvard, that's what the Erica Chenoweth chick runs. Maybe you should check the kind of work that you're involved in. And it's quite interesting. There's this new term where they're talking about tactical frivolity. I've gone way too deep in how they describe these protests, but it is an intentional strategy where they're trying to make these protests look, look very joyful and fun and kind of crazy with the stuffed animals and just weird, childlike. I'm sure there's other pathologies going on there that are animating that. But some of the research that this Erika Chenoweth chick has done is to try to create these mass protests to be as inviting as they can from a psychological perspective. Some more Americans will get involved. And just about a week ago, she put out a very long report talking about how Gen Z in particular is linked to forming a lot of these, these protests, these demonstrations, and how these so called nonviolent protests very quickly and accidentally suddenly seem to turn violent. And that's where you sort of get this weird limited hangout idea of the 3.5%, which I think could maybe be best to understand how they took over the United States government. But what they're talking about is that if you can just get 3.5% of the population in any country to basically turn on the ruling elites, that you'll have a revolution on your hands. And that, that's the sort of the fire that they use to keep going all of these protesters. And another interesting thing, like I said, I watch way too much of this resistance content. So forgive me, but is that they, in their weird perverted ways are talking about how they're trying to reclaim the Constitution. Quote, people were reclaiming core values and principles, those expressed in the Constitution and the Declaration of Independence. And I think you see that weird sort of thought. I mean, now you see people with guns and talking about how important the Second Amendment is. In Minnesota, it's like, now they're all for states rights. What?

[Stephen K. Bannon]

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[Nor Bin Laden]

Deal.

[Stephen K. Bannon]

Tnusa.com or 800-958-1000 they will give you the free assessment. They'll take your records. They'll give you a free assessment of how deep the hole is. Or not deep.

[Philip Patrick]

For you.

[Stephen K. Bannon]

This is a one time good deal. 800-958-1000 just tell them the war room censure. You're part of the Warren Posse, Bannon. Just identify yourself. They'll give you the free assessment. Look, they've solved over a billion dollars of tax issues. Nothing. You can tell them your tale of woe. They've heard dozens of times before. And they fixed it. 800-958-1000. Call today, say you're part of the war on Posse. Get the free assessment, then you can decide how you handle it. Tax Network usa. These guys are great. Natalie Winters, you've done so much about this color revolution. What's upon us when you do the show, the people you bring on, the Mike Benz of the world, all of it is just amazing. In Minnesota today, Pam Bondi went out there because they've sent subpoenas, I guess, from a grand jury to fry to the governor to now five more Democrats about this insurrection. Your thoughts on this, ma'? Am?

[Natalie Winters]

Well, I don't really know if it's a conspiracy that Democrats have conspired and established Republicans have conspired in that state to actually destroy it and hollow it from the inside out by importing third world foreigners who steal more money than the GDP of the country that they came from while importing their horrific Islamic values. But I think if you look at the scandal that at least has popped up recently. Right. Obviously the government grant stepping, I think that's certainly part of it. But I would certainly encourage the Trump administration to I think, get to the heart of the matter with what is going on there, which is that a lot of these charities, these shady ones that have received government grants and I've reported a lot of this on my substack, are also listed on the ActBlue registry. And there's even one organization in particular that got $3 million recently to just like build a new building to empower Somali women. To do what? I don't know. But, but very shortly after, she also happens to be the director of a political action committee that wants to rid America of racism and bring about equity by supporting candidates like, you guessed it, Keith Ellison and a bunch of other Democrats. The chick is a wild left wing activist type, hosting Keith Ellison for dinner after dinner. So I would suggest that we really make this scandal what it is. Right. This is weird. Money laundering. This is weird. Kickbacks to buy votes. And how do you know it? You can tell from the mass mobilization that you're seeing in the streets. When do you ever see Democrats organized to the level that they're organizing now? They've always been ticked off about mass deportations. It's because I think if you really look at what this is about, it's about campaign finance and it's about how they've been importing blocks of third world people to help control and shape elections. And I would encourage the Trump administration to get very serious about this because you can tell that the antibody resistance to this is quite strong. To call it a disease is an understatement. I think this is, you know, something that you can see replicated not just in Minnesota, but across every single state. And it's not just charity or scamming for the sake of scamming sake. How do these Somalians even end up in Minnesota? They don't know how to. Most of them don't even speak English or a lot of them don't you think they're filling out government grants? That's like the most difficult process ever. So I would look into the political text.

[Stephen K. Bannon]

You've absolutely nailed it. We're going to have war room Texas on next. And it's not just blue states. Just don't think this is California, Illinois and New York where the next focus is. This thing has got, I'm telling you, when you pick the scab down in Texas, you're going to find a lot of pus that runs out of that. This thing is nationwide and it's deep in red states. Natalie, amazing work. Where do people get you on your sub stack? Where they get you on all your social media, Ma'.

[Nor Bin Laden]

Am.

[Natalie Winters]

Natalie G. Winters on x Natalie G. Winters.substack.com and happy 100 days. I hope maybe we need to do Project 2026 now.

[Stephen K. Bannon]

Thank you, ma'. Am. Appreciate you. Natalie Winters, Incredible. Mike Lindell, the situation in Minnesota, I got to tell you, this audience is so proud of you, of what you're doing and putting yourself through. You're leaving for another debate right now. We'll talk about that tomorrow. Right now, people are just all over these sales you're doing. Let's hit the sales and we'll talk about tomorrow. But I gotta tell you, this mess in Minnesota, which you called out years ago, it's 10 times worse than people think. And it's gotta be sorted out. It will be sorted out. And you're gonna be one. You're gonna be one of the key guys. Cause you're a Minnesotan and you love your, you love your state and it's just outrageous what's happened there with these foreigners and these progressives. It's sickening what's happening. What do you got for us? Sell me a pillow. Sell me a topper.

[Mike Lindell]

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[Stephen K. Bannon]

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