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Bannon`s War Room
Episode 5417: MSM Freakout Over New DNI Director; The Great AI Replacement
Episode 5417: MSM Freakout Over New DNI Director; The Great AI Replacement ...
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- [00:00]
Stephen K. Bannon
About Binance, which frankly looks to me like a blatant pay for pardon scheme. So let me walk through some of the facts that lead me to that conclusion. In late 2023, Binance and CEO Zhao agreed to pay a penalty of 4.36 billion. A US judge approved the guilty plea for multiple federal crimes and a civil settlement for anti money laundering and sanctions. And that was in 2023. Donald Trump is elected president. November 2024 December 2024, Mr. Zhao and Mr. Witkoff meet in Abu Dhabi at a bitcoin conference in March of 2025. A couple months later, you're confirmed as deputy attorney general. March 25, 2025, World Liberty Financial announced that it would launch a stablecoin called USD1. World Liberty Financial is a family owned business by the Trump Trump family. Two of his sons are in it. Mr. Witkoff's got interest in it as well. One month later, in April 2025, Binance's founder, Mr. Zhao was sentenced to federal prison for money laundering and other federal crimes that included funding to terrorist groups like ISIS, Al Qaeda and the Iranian Revolutionary Guard. On May 1, World Liberty Financial announces that an Emirati company called MGX that also has ties to Mr. Wyckoff would use $2 billion on the stable coin I just mentioned, USD 1 to invest in Binance. This gave President Trump and his family a revenue stream that could be worth tens of millions of dollars. According to the Wall Street Journal, Binance took steps that catapulted the Trump's family's ventures into stablecoin production, enhancing its credibility and pushing its market capitalization up from 127 million to over $2.1 billion. Now, on May 5, Mr. Zhao publicly stated that he had applied for a presidential pardon for the crimes that he'd previously pled guilty to and had been sentenced to jail for. And the restitution amount of 4.3 billion plus was put in place. This is two months later on October 21, 2025.
- [02:25]
This is supposed to be a appropriations committee House and Todd Blanche over doj, the Acting Attorney General has been all day getting lit up by the Democrats on things not actually related to appropriations. I know that shocks you. We're going to come back. This is live right now on Capitol Hill. But a bigger meltdown today, as we kind of imagined in the war room. Jack bosobiknai the announcement of Wild Bill Pulte has the Democrats, the deep state, the establishment Republicans totally and completely vapor locked. We've got a cold open related to this. Let's Go ahead and play it. I'll be here on the other side. The federal housing official has no known experience in national intelligence and has used his office repeatedly to go after the President's perceived political foes. A short time ago, the administrator for
- [03:20]
Mark Lynch
the U.S. centers for Medicare and Medicaid
- [03:22]
Stephen K. Bannon
Services, Dr. Mehmet Oz, held a White House briefing where he was asked about Pulte's qualifications. Here's what Dr. Oz said. Bill is a great guy. I know him socially. I have not worked with him in his current job. But I do trust the President's judgment. He is a very sharp and quick study of people, their emotional abilities and their ability to persevere in the, in the face of hardship. So I have confidence in his decision.
- [03:51]
Nicole Wallace
Just back to the question about Bill. Congressional statute says any appointee for the position of the Director of National Intelligence shall have extensive national security expertise.
- [04:02]
What extensive national security expertise does he have?
- [04:05]
Stephen K. Bannon
Ma', am, you're asking me a question that's out of my lane. I'm so focused on making sure Americans are healthy that I have not been looking at what other agencies. Pulte will step in for outgoing director Tulsi Gabbard, who's leaving the post at
- [04:16]
Mark Lynch
the end of the month following her
- [04:17]
Stephen K. Bannon
husband's cancer diagnosis, making her the latest high profile cabinet official to depart during Trump's second term.
- [04:24]
Jack Posobiec
Because while it is nearly impossible to choose for you the most dangerous among all of Donald Trump's radical and outrageous and sycophantic personnel choices over the last 18 months, that is no longer a kind of Sophie's Choice thing. It's now abundantly clear what the most radical and dangerous personnel decision is today. It happened. And at a time when our country is at war with Iran and facing nearly unprecedented geopolitical, economic and technological threats and challenges from literally every corner of the globe, Donald Trump this morning put a man named Bill Pulte atop America's intelligence agencies. He will now serve as of today as America's Acting Director of National Intelligence. Now, some of you out there might be thinking, big deal. Tulsi Gabbard had that job until 15 minutes ago. And you wouldn't be entirely wrong to have that reaction. But while Tulsi Gabbard sullied her reputation by participating in an FBI raid of election offices in Fulton County, Georgia, Pulte has been taking far more audacious actions as a taxpayer funded federal employee.
- [05:42]
Nicole Wallace
And we have a shifting of resources in FBI, even in CIA. But just because those organizations work well individually doesn't mean that that combination of things. And this is where the problem is going to come. And to me, Pulte is a divisive figure. CIA might not want to share information with somebody that has no background. Already ODNI wasn't getting along with FBI because under Tulsi Gabbard they wanted access to a database that was about counterintelligence, but that had all Americans information in it, which is not what the foreign intelligence should do. And FBI said no, the Donald Trump has outdid himself.
- [06:28]
Anonymous Intelligence Community Critic
I didn't think it was possible to find someone less qualified than Tulsi Gabbard to be Director of National Intelligence. But Trump actually has. And so this is the person who serves as the President's principal intelligence adviser. That's in statute, that's in law. And so what signal does this send, first of all, to places like Russia, China, Iran, North Korea? It shows a total disregard and disrespect for the whole intelligence community, United States. What signal does it send to our allies and partners? Trump does not care about intelligence. He puts someone like this wholly unqualified, without any intelligence experience to be the head of the 18 intelligence agencies, to try to orchestrate them, to make sure that they are delivering for the American people and national security. And what message does it send to the workforce of the intelligence community? He cares so little about the Intelligence committee. He puts somebody, someone like a Bill Pulte, who's a charter member of the Trump lick spittle club, has no qualifications whatsoever to actually be the leader for these number of days or whatever. And yes, he doesn't have to be confirmed by the Senate. But again, the signal it sends to our adversaries, to our allies, to the workforce, it shows that Trump is really intent not just on disregarding the work of the intelligence community, but I think really destroying it.
- [07:45]
Nicole Wallace
He is, he's the most.
- [07:47]
Stephen K. Bannon
This is a person. There's never been somebody with this little experience being nominated for a cabinet level job in the history of the Republic, I'm going to say. And that includes the Secretary of War that was a former weekend talk show host. Right. I mean, at least Pete Hexif was in the military. Bill Pulte has no experience about this at all. Calling him political hack is even, you know, kind of too kind to him
- [08:11]
Jack Posobiec
mean to us political hacks.
- [08:13]
Stephen K. Bannon
Yeah, right. And he was a corrupt grifter. He didn't really have any skills in politics. They really didn't demonstrate any skills in politics besides looking up to Donald Trump.
- [08:21]
Jack Posobiec
We can study the patterns here in, you know, year 7000 or year 9 of the Trump story. But sometimes they just say it out loud. And Miles Taylor saying it out loud is what Steve Bannon and a far right activist named Jack Posebyk did today. Here's what Bill Pulte will be doing as acting dni.
- [08:42]
Stephen K. Bannon
He's looking for action, action, actions. Bill Pulte have decades of experience in intelligence. No. Is that actually necessary to fill this billet? No. Remember, those are some of his top targets as well as who else?
- [08:55]
Anonymous Intelligence Community Critic
Letitia James and Fannie Willis.
- [08:58]
Stephen K. Bannon
So look at the signal, not the noise.
- [08:59]
Anonymous Intelligence Community Critic
Fanny Willis.
- [09:00]
Stephen K. Bannon
That's Georgia. What do we know that Tulsi was working on at dni Georgia? I certainly hope that the appointment of Bill Pulte over there, Wild Bill, isn't is a time where the DNI can actually start digging in on the domestic side of terrorism as well as the international. Oh, it has to. I think that's why. I think is one of the reasons Pulte selected because Pulte will go there.
- [09:26]
Nicole Wallace
What's coming, Mouse digging in on the domestic side. You know, I went back in time, Nicole, and like four years ago, I came on your program to talk about one of my biggest worries that I know Tim shared, I certainly know the director shared, which is that in a second term, Donald Trump would use the spy powers of the federal government for. For revenge. The writing was on the wall. Why? Because Donald Trump was the one holding the Sharpie doing the writing. I remember in his first term, I can tell you when this happened, October of 2018, I remember getting a phone call from John Kelly, who was White House chief of staff, talking about how Donald Trump had been spouting off about the need to monitor the phones of White House staff. He wanted to tap the phones of his employees.
- [10:15]
Stephen K. Bannon
Why?
- [10:15]
Nicole Wallace
Because he was worried they were saying things about him to each other and to the media. John Kelly didn't need to worry about executing that order because he was never going to break the law to spy on White House staff on behalf of Donald Trump. But that's the key. John Kelly wasn't going to do it. And I've always said that the only reason Donald Trump wasn't able to abuse the spy powers of the federal government to fulfill his revenge designs is the people under him weren't willing to go to prison for him, at least at that period of time. Now it's apparent that Donald Trump has found the type of acolytes who are clearly more than willing to do things that could get someone, a reasonable person, thrown into prison. And to put people like that inside of the spy community, that is the worry here. Let me remind you what happened at the Federal Housing Finance Administration. It wasn't just that Bill Pulte allegedly dug through the files to dredge up information on the President's adversaries. And after the inspector general opened up an investigation into that, guess what happened? The inspector general got fired, the ethics investigators got fired and then loyalists got put into those jobs. There is an active cover up that was being investigated at the fhfa. So we're not just talking about someone who may be weaponizing his powers. We're talking about someone who may be involved in covering up that weaponization and, and who's now going into a place that by definition operates.
- [11:48]
Stephen K. Bannon
Veterans of this show, by the way, it's Tuesday to June, year of Lord 2026. Welcome to the afternoon early evening edition of the War Room. Joe Allen's going to join me. He's actually in the War Room. Today we're going to talk about this executive order artificial intelligence. However, I have to tell you something. The if the intelligence community was interested in, in delivering a better product or having the intelligence and the actual items coming out of intelligence being better, they would have made fundamental changes because I don't know. And forget even 9, 11 and the mistakes in the weapons of mass destruction and the Iraq war in Afghanistan. Let's put all that aside. Let's talk about Ukraine, the attack on the 7th of October in Gaza. Then the Gaza war, the Israelis, the Iran war, the miscalculation that the CIA had about the bombing, strategic bombing leading to a mass revolt of the people they have missed on everything. I can go on about the ccp. We can talk about how they've underestimated what they were doing, all the political machinations they're making all the way from the Western Pacific all the way back into the United States on our border and then look at everything internationally. The CIA has botched, botched and botched and botched an absolute epic fail. Are they making any changes? They won't make any changes over there, no. They reject any director that goes over there. They're not interested. Here's why. It's more important than ever. At quarter after 5pm Eastern Daylight Time in the United States of America and particularly in the imperial capital. Bill Pulte has got to be dni. Bill Wild Bill Pulte has got to look at this meltdown. I have not seen a meltdown like this in a while. You know why? Because they know Pulte is like A bull in a china shop. And he's going to rip through there and start going directly to the President and telling him and leveraging off the work that Tulsi Gabbard did. This is why the hour is late. We are burning daylight. Let's start having throwdowns all around. And hey, this fits right into my throwdown to showdown with Thune. They vapor like thune like it was in some press and they toss a cotton. Hey, can you say a few words about Bill? President's selection of Bill Pulte. Cotton looked like he swallowed a basket of lemons. Look at right there. That's just a small bit of MSMEC for the whole afternoon. Complete total vapor lock over Bill Pulte. Brother Pulte, there could not be a better recommendation for your immediate. I hope you're in the office right like right now doing a transition with Tulsi. Right now the office is yours. Let's call recess. Have a recess appointment. But by the way, acting, I don't know. You can stay there through the midterms, go through all the files. Go through all of them, sir. All of them. Short break gold and put some silver in your pocket. I know what you're thinking. Everything's expensive right now. How am I going to buy gold? Pull your head out of the sand. One thing you can control right now that doesn't cost you anything out of pocket is diversifying your retirement savings. Birch Gold Group will help you convert an old 401 from a previous employer or an IRA into physical IRA in gold. Let me repeat that. They will help convert an old 401k from a previous employer or an IRA into a physical IRA in gold. You know something? That's a hedge against inflation. And listen to this. Right now, Birchgold is going to give you a special America 251 ounce silver round for every $10,000 you purchase by July 10th. Think about this. Ten years ago an ounce of gold was about $1,200. Today it's around $4,500. Where will it be ten years from now? Text Bannon B A N N O N to 989-898 to take advantage of free America 250 silver with qualifying purchase before July 10th. Again, text my name, Bannon B A N N O N to the number 989-898 today and get all the details about this special deal.
- [16:28]
Mark Lynch
War Room.
- [16:29]
Joe Allen
Here's your host, Stephen K. Ban.
- [16:32]
Stephen K. Bannon
I want to play some of the clips, but I'm going to do it a little later in the show because I've got Joe and we got to get to this all important executive order. However, remember the woman right there. Any anybody would have Brennan. Oh, they did. He disrespect you? Damn right he disrespects you and all that cabal of losers and traitors you've got over there and seditionists. You damn right he does. President Trump has got no respect for it. Bill Pulte, if you're listening, and I know you watch clips and you watch when you can, brother Pulte, get over to DNI headquarters right now. Just go show up right now, walk in there, say, hey, Bill Pulte, damn glad to meet you. Where's the coffee machine? Okay, fine. I'm just going to sit outside in Tulsi's office. And look, Tulsi was a major blow, her leaving. But Pulte's got. Here's why you got to do it. You have to do it in the clip. The woman goes, you know, there's CIA. I don't think there's information they're not going to share with him. Okay, Pulte's Pulte. They've already said they're not going to share information with you. What do you got to say about that? He's the kind of brother that's not going to sit there and go, oh, that's fine. No, no, no, no. This is the arrogance of the deep state. What President Trump did, he gave a middle finger to Tom Cotton and John Thune and all the Senate Republicans that have spent too much time on Capitol Hill. Middle finger number two. He gave an fu to the deep state. You see Brennan in that crowd, Nicole Wallace, all of them, vapor lock, Ken Delaney and the mouthpiece for the, for the, the out. The people that are out in the FBI, you know, the comey crowd. And he gave a shot across the bow. Think of the White House staff saying, I want action. Action, action. Is Pulte crazy? I don't know. Maybe a tad. You need that. You need that. You know, Navarro and I used to always upset the CIA. They come in for those briefings. I go, here's the thing that drives them crazy. They're sitting there and they're all puffed up and, you know, sitting there watching all the TV shows, which you ought to pull the license for. Anyway, nothing upsets me more than seeing these shows about the FBI or the CIA. Ridiculous. Just pushing the deep state. They all come in puffed up and you flip through and they go, why exactly is this classified? Oh, my God, they Hate it because that's their control mechanism. They got the classified information. You're just some grundoon. Why is this classified? I'm not sure why this classified. Why? Why is this classified? Pulte, get over there right now. Get in the files. Let's roll. First day of work, President said, hey, you're acting. Go act. Let's do it. Want to have Brennan meltdown every day? Have that woman. You know, I think the CIA is just not going to share information files. Oh yeah, that is the problem. It's that mentality. We got a call open for Joe Allen. Let's go ahead and play it on the executive order on artificial intelligence today. Joe's been working on play it and then Joe's going to come on.
- [19:25]
Mark Lynch
Important.
- [19:26]
Nicole Wallace
The movie Minority Report scared me when it came out. But I ultimately felt better because I knew that a future like that with pre cogs was far fetched and not real. Except now it might be real because I might be making a real life version of Minority Report possible without the need for mutant humans lying in goo and hooked up to a surveillance database. New reporting from the New York Times details leaked documents from a Chinese company called Gage Networks with secret research on AI powered technology that would enable authoritarian governments to not just monitor dissidents, but to potentially predict who could become a dissident in the future. Researchers at Vanderbilt say location data and Internet usage could help. I predict who in the future could do or say something critical of the government. In other words, the stuff of dystopian nightmares like Minority Report. China has been working on technology like this for years, but it was more of a theory or a pipe dream than a possibility. Which you know, does make the need for AI regulation even more necessary. As if all the other reasons, jobs, nuclear controls, biological warfare, killer robots, etc. Weren't enough. Yes, it is scary for China, an authoritarian state, to have the ability to predict future dissidents, but isn't it also scary to think our government could have access to it as well? We're not exactly living through the most stable moment democracy is holding, but you can, you can't argue it has not been eroded, that civil liberties have not been violated. Is a government, even ours, using intelligence like this so far fetched? Or should we have been paying closer attention to screenwriters over the years? Screenwriters who have imagined this kind of thing that we've been building right now,
- [21:27]
Stephen K. Bannon
but the oligarchs got it and they're definitely going to use it. Joe Allen, where do we stand after the President signed An executive order without a lot of fanfare, privately signed it.
- [21:36]
Philip Patrick
Boom.
- [21:36]
Stephen K. Bannon
I understand they were working late last night in the White House to get this done. The ink just dried as he signed it. What do you got for us, sir?
- [21:45]
Joe Allen
Well, Steve, I gotta say first off that it's pretty cute that, msnow, whatever you call it, that they've just discovered the dystopian potential for technology. If viewers will remember, throughout Biden's administration, they didn't seem very concerned at all, other than the possibility that AI would be racist, sexist and homophobic. So even as people were being locked down, contact traced, forced to be vaccinated, they weren't really concerned. But now suddenly they are. Maybe it'll be a net positive in the end. The executive order. The executive order has been signed this morning. The executive order is entitled Promoting Artificial Intelligence Innovation and Security. Or to correct myself, Promoting Advanced Artificial Intelligence Innovation and Security. Which is actually an important difference. This is targeting only the frontier models, and it is not that dissimilar from the draft that was circulating in previous days. But there are a few differences. Just like the original draft that was the subject of so much commentary, it's focused on two basic elements. One is securing critical infrastructure on a cybersecurity level, so ensuring that hospitals, dams, utilities, all these sorts of things are not vulnerable to AI generated cyber attacks, or any cyber attack for that matter. And then the second portion is to identify which AI models produced at the frontier. So that would be models produced by Google, Xai, OpenAI and Anthropic, which models which qualify as frontier models, meaning the most advanced capabilities. These benchmarks are going to be determined by the Department of Treasury. So Scott Besant and then a huge webwork of other agencies. Nsa, dhs, Cybersecurity and Infrastructure Security Agency, and of course the Department of War. The Department of Commerce is also involved. And that may mean that Casey, the Center for AI Security and Innovation will be in. But another really important thing though, Steve, one important thing, there was an allowance made. One of the big concerns, the original version would put US companies behind because of the length of the review. This executive order, it is voluntary, but on a voluntary basis, companies are asked to submit their models to the review process for 30 days before deployment.
- [24:35]
Stephen K. Bannon
So the oligarchs didn't want this sign. This is what happened. Sachs was working on every turn of this document and this document does not have in it everything we wanted as far as the content. But it's got a structure and at least the beginning of a process. When Elon Musk and Zuckerberg and this crowd even knew it was on paper. That's how it got pulled at the last second. Okay, boom. They don't want anything to be codified, certainly in laws up on Capitol Hill, but particularly in any type of hint to a regulatory apparatus. Now it's out, and at least it gives us structure. The NSA is involved. Scott Besant is very involved in this, which they didn't want. It's not mandatory, which we wanted. It's voluntary. Got that? At least at the start. It's not 90 days that the miles have to be turned over, but it's not the 12 days that was in the last draft. It's 30 days. And there's no. I think you would say it's kind of shambolic about what actually is the process it goes through for review. And they never use the word approval. Right. So what's that going through? That's not there, but it gets everybody working together. Sachs is already out, you know, saying, I'm looking forward so much to working with Scott Besson and NSA and others, the very guys he was trying to throw off. So it's the first time that we have actually a structure, Joe, and a little bit of a process, and we're going to keep hammering to make sure that the structure is better and the process is better. So I think Net net, this is far from perfect, but directionally, at least we've got something we can work with. Joe Allen, your thoughts and commentary on that, sir?
- [26:14]
Joe Allen
Yeah, this is absolutely the first major step. I mean, this really marks a point where the administration has turned from the open accelerationist approach, so that Sachs has obviously dominated the administration's approach up to this point, calling for no regulation whatsoever on industry and even trying to squash state regulation. So it's too soon for a victory lap, but it's definitely time to start hammering because this is a first step. This is directed at cybersecurity. There are a lot of other issues that are going to have to be tackled, from child protection to deepfakes to copyright protection, of course, bioweapons and autonomous lethal weapons, all of these sorts of things. But this is a major turn on the part of the administration. It's unfortunate that it is so much focused. The regulation process and the review process is so focused on the intelligence community and a classified benchmarking process, meaning that it's not transparent to the wider public. But again, this is better than nothing because before we had nothing. And I think in the future, Steve, going forward, we're just going to look at what does it mean to have a voluntary mandate? I think we'll really find out. When there comes a time when a company is on the chopping block, did they submit for review or not? And if they did, what does that mean for accountability?
- [27:39]
Stephen K. Bannon
Joe, just hang on for one second. I'll hold you just for a minute or two. On the other side, Philip Patrick's going to join us. If you saw the Drudge Mack Daddy today, huge in red letters about gold replacing US Treasuries as the investment for the world community. We've talked about you for a couple of months, but it's now been, it's now been actually in print with the Daily Telegraph of London. We're going to take a short break. Joe Allen's going to be with us. Take your phone out. Speaking of gold, take your phone out. Text Bannon B A N N O N at 989-898. Get the ultimate guide for investing in gold and precious metals in the age of Trump. If you read it in the Financial Times, the Daily Telegraph today, you're months late. Get ahead of the curve. Get to Philip Patrick and his team and do it. Today, everyone's focus on how the conflict in the Middle east is raising oil prices. But there's another grim reality to this contention. Oil isn't the only resource being constrained. About one third of global fertilizer trade happens through this region. And with spring planting season on top of us, American farmers are sounding the alarm with some saying they can't afford to plant their fields. When one piece of the supply chain gets hit this hard, you know what comes next? Higher fruit prices, reduced availability, maybe even panic buying. That's why having an emergency food supply at home makes so much sense. And that's where our friends at my Patriot Supply come in right now@preparedwithbannon.com that is preparewithbannon.com we've set up an entire just site for the war room posse. You go to preparewithbannon.com that's all one word. Preparewithbannon.com you get a three month emergency food supply. They'll include a free mega protein Upgrade, an incredible $200 bonus you don't want to miss. It's a simple way to protect your family from whatever comes next. Go to preparewithbannon.com that is preparewithbannon.com to get your emergency food supply today. That's preparewithband.com do it today. Go check it out. War room. Here's your host, Stephen K. Bannon. Major defeat for the Acceleration this today more than a speed bump. We're going to help refine this as we go forward. Joe, any closing thoughts? You're going to be up on Joe Bot with your analysis tonight or tomorrow morning because I want everybody to read it. Sir.
- [30:13]
Joe Allen
Well, it may take a couple more days, but sign up JoeBot XYZ, JoeBot XYZ. Sign up and check out the latest article on the Pope's encyclical. On that note, Steve, you know, this is, I think, really important how this is all coming together at once. You've got the Pope, head of a 1.4 billion strong religious organization, coming out at least criticizing the excesses of AI and alerting his laity and his bishops and priests, alerting them to the dangers of AI and saying you need to at the very least moderate your use and be suspicious of those who are creating it and deploying it simultaneously. You now have the Trump administration and the wider and a lot of agencies in the wider federal government who are saying, we hear that you're concerned about these dangers. We are, too. We are going to do something about it. And you know, as you said, there is a lot more to do. But I think, you know, the danger that people point out, and I think this is, this is correct. The danger is in both cases, the encyclical and this executive order, that it will make people complacent. They'll say, okay, it's all taken care of, everything is fine. That is a possibility. But it's only possible if people stop fighting. And I don't think that any of our partners, any of our colleagues are going to stop fighting. So really, as long as people keep pushing forward, both of these things are signs that this is not necessarily an overwhelming problem.
- [31:48]
Stephen K. Bannon
And the writer from Wired magazine is going to join us for part two of his expose about this, calling people, standing up to the data centers, AI, extremist terrorists, whatever, we'll get to more of that. And what's going on. No, you don't want to. You can't overregulate this. But the oligarchs brought this on themselves. I mean, these people that are on the spectrum wanted absolutely no controls whatsoever. You cannot trust them. They brought all of this on themselves. So we got to make sure we do it and we do it right. We got to shut down the Chinese Communist Party in the same time and not let them make money off of making this competitive. Joe, one more time, where do people go?
- [32:23]
Joe Allen
Sir, for your analysis, sign up for JoeBot XYZ. It is absolutely free. Comes to your inbox and you know, to all the intel agencies, especially this new anti anti AI agency. I hope I keep you entertained.
- [32:43]
Stephen K. Bannon
Thank you, sir. Appreciate you. Okay. Our function here at the War Room is to be a platform for you to use your agency to its maximum. And one of the ways we do that is make sure you have access to information about how the world works months, if not years before that information is really promulgated. And I realize some of the show is like eating your spinach. We don't chase a lot of the trendy fun stories. It's just not. We don't have time for it. And quite frankly, with our republic hanging in the balance and now Homo sapiens hanging in the balance, we just don't have time for it or focus. Philip Patrick. Today Drudge and Drudge was there to put all the mainstream media, how they're beating up Trump, the mack daddy of Drudge was that big headline had it, if we can put it up, guys had it right there about how gold, you look down there at the third red handler, how gold has replaced US Treasuries as the stop of major money, of smart money throughout the world. And that was a link to the Daily Telegraph, not the Financial Times, the Daily Telegraph, although the FT is following this too. If we can go to the Daily Telegraph headline, Philip Patrick, you went to Brazil a year ago to represent us on the Rio reset. Then you came back and I think it was in October, September, October, November. We started talking and you said, hey, look, these central banks are on a roll buying, continue to buying gold. Right. They're very concerned about the drop in the purchasing power. It got crushed on Biden, but they're still concerned about this. This has continued on. Now we've hit a mark that you said, you came on the show, I think back in November, said, hey, this is a very important mark. You're now having bigger gold holdings than you have of U.S. treasury securities. Six months later, the Daily Telegraph writes that up. And guess what? Lo and behold, it's driving the financial news cycle and it's all over. Drudge, how did you know this and how did you warn our audience about this, what, six, seven months ago, sir?
- [34:50]
Philip Patrick
Look, we've been watching the trends, as you know, for years now. We've been seeing gold creeping up and creeping up and creeping up. And it became apparent towards the tail end of last year exactly what was going to happen. And we ran with it on the War Room and as you mentioned, well, six months later, mainstream news is sort of catching on And I think people have to understand this is a major signal, it is a historic moment. The cleaner way to say it is Gold has overtaken US government debt as the top reserve asset now held by central banks. According to the European Central bank, at the end of 2025, gold accounted for about 27% of reserves. With the dollar or US debt I should say about 22%. Now we're not saying demand for the dollar has of course disappeared overnight. It's still dominant in global foreign exchange reserves, about 57% of global currency reserves compared to let's say the euro at 20%. But the direction of travel today is unmistakable. People have to realize for decades the assumption was very simple. Central banks held U.S. government debt because it was liquid, it paid interest and it was backed by the full faith and credit of the United States. And gold was mostly dismissed, as you and I have said many times, as a barbarous relic. Right? To quote John Maynard Keynes, that situation now has clearly reversed. And the reason why isn't complicated. Right? Trust is being repriced. Now globally central banks are starting to ask the questions what happens when dollar reserves get weaponized? What happens when US debt is growing faster than the economy? There was a recent survey done amongst top central bankers and the survey showed that geopolitical risk has now surged to the top of reserve managers concerns. It's the number one concern. And this is the part that ordinary Americans I think miss. Right. Central banks are not buying gold because it's fashionable. They're buying gold because it's outside of the debt based dollar system. Right. Gold is government debt, sorry, is somebody else's liability. It depends on a debtor's credibility. Gold does not. And gold is in on itself credibility. Now what I think was interesting about the article and what the ECB said about gold, they talked about its downsides as well, right? It doesn't pay interest, it costs money to store. And prices can be volatile at times. But what I think was telling is central banks are accepting those drawbacks and buying in record quantities regardless. And I think it tells us something, right? The position has changed. They're no longer asking what pays a yield, they're asking what survives a crisis. But a point that I've been trying to make or wanting to make for a long time, you know, the struggles that we have as a country today should all be viewed through this lens, right? You know, the problems that we have today 10, 20 years ago without a $39 trillion debt pile would be manageable. But every single time the administration has to make a bold policy move. Liberation Day tariffs, the rest as an example. The rest in the world starts humming and whoring about de dollarization and the administration is forced to back down. Look at Greenland, look at Iran, look at the president today is constrained in his decision making by the need to borrow about $9 billion in new money every single day. 3 billion in debt service, 6 billion in spending. Everybody knows that this is our biggest weakness, right? We know what Trump's skills are. This is a hard nosed, take no prisoners negotiator. But how are we supposed to negotiate from a position of weakness? I saw this Russian agit prop cartoon the other day and it's got one guy pointing a gun at the other one saying loan me $20 to buy bullets or I'll shoot you. Now it made me chuckle, but it's not funny, right? This is the situation we find ourselves in today, right? And I don't see an easy way out of it. This isn't about Iran, Greenland, Venezuela or tariffs. None of these created the debt crisis, but each one I think is exposing how little margin fare we have left. So yes, this was historic, but I think it's a reflection of just how tough things are getting and what a tough job this administration has to work within a very small framework.
- [39:25]
Stephen K. Bannon
This is why we started five years ago, maybe six years ago, the end of the dollar empire. Eight free installments. We bound up the first seven. That's on backorder if you go to Birch Gold but you can go right now birchgold.com Bannon thank you Maureen. Slash Bannon and and get access. All the information that we work on together with Birch Gold is totally free and no obligation. I think it's pretty obvious that a smart, informed investor and consumer is what we search for. And of course we started this I think when gold was like eleven hundred dollars an ounce. I think this afternoon it's 4546. What this article and what these articles coming out now is that it may have a new like floor, right? I don't want to say 46 is the floor, but clearly something has radically changed. We don't advocate for the end of the dollar empire. What we're saying is warning about starting five years ago when Biden was coming into office and see their massive spending, we knew that the purchasing power of the dollar was going to be slammed and that the BRICS nations are quite different. First off, we're different because we have a different balance sheet. Number two, the BRICS nations of the world are, you know, they have the commodities, we have the dollars. It's a very different situation from Lula, you guys went to the Rio reset last year to the trouble the CCP stirring up to what's happening in the, with the petrodollar in the, in the Persian Gulf. It's under assault from everywhere. And that's why we want you to be totally up to speed on what's going on. It's most important, Philip, that people get to you. How do they do that, how they do that today to talk to you and your team?
- [41:06]
Philip Patrick
Yeah, it's very simple. It's birchgold.com forward/bannon or text Bannon to 989-898 get access to a ton of free information that we put out end of the dollar empire guides on how and why to invest in gold under a Trump administration. And just yeah, watching the war room, of course you're staying informed. This will focus a little bit more on Gold. So birchgold.com forward/bannon just get the information and read it.
- [41:34]
Stephen K. Bannon
But everything ties into the geopolitics we talk about. And I really want to thank you. Your analysis has said this is going to happen. So the fundamental important thing they've admitted to is that now central banks throughout the world are looking to hold more gold than us than U.S. treasury securities. Correct?
- [41:53]
Philip Patrick
It's absolutely correct. And people have to understand what that is is a bet against the dollar longer term.
- [41:59]
Stephen K. Bannon
Right.
- [42:00]
Philip Patrick
There isn't a better currency than the US Dollar today, but gold and the do dollar work inversely. So when governments are buying gold at these levels, they're telling us they are betting that the dollar will go down longer term. And like I said, unless we can get a handle on spending and deficits, I would tend to agree. I mirror what you said before. We're not wishing for the end of the dollar empire. In fact, we're fighting to save it. But I think through education and understanding the problems, we can drive policy and hopefully slow this thing down.
- [42:30]
Stephen K. Bannon
But we had a pretty good feeling when Biden, when the 2020 election was stolen, Biden came in. You know, we talked to Philip Packt about doing this series, said, I don't know, man. I think we're going in a radically different direction. And guess what? We went in a radically different direction. Philip Patrick, thank you. Take your phone out. Text Bannon B A N N Owen at 989-898 right now you get the ultimate guide for investing in golden pressure metal. That's kind of an easier, more straightforward into the dollar empire is quite detailed. But that's why we're trying to immerse you in learning. But they all get you to the same source. So talk to Philip Patrick team. That's what you guys need to do to go over to Birch Gold and do it Now. Mark lynch, we're going to turn to politics and about the United States Senate. They weren't particularly thrilled on Wild Bill Pulte being named today. You can see that a lot of long faces. I keep saying the president's got to have a confrontation now with thune and the leadership Home title lock. Make sure we're talking about artificial intelligence and cyber. Make sure a combination of AI and cyber doesn't get its hands on your title and monetize it with a hard money lender they're not going to want to hear. I hear your tale of woe. Hometitleock.com promo code Steve, talk to Natalie Dominguez and the team today for the 14 day free trial of one million dollar triple lock protection. Fellow patriots, the Federal Reserve has portrayed America for over a century. Printing fiat, inflating away your savings, serving globalist masters. But President Trump is ending it. President Trump is wielding a 12 year old law to reclaim control from the rogue Federal Reserve. He's replacing Jerome Powell, slashing rates, igniting America's re industrialization. Now this is not theory. Government backed industry plus low rates unleashes super cycles. History does repeat gold's already exploding. Miners are up over 400% in the last year. What Rickards is calling Trump's gift is wealth for American patriots, not global handouts. Now it's America's turn. Jim Rickards, former CIA and Pentagon veteran says act now go to insider2026.com that is insider2026.com to get Jim Rickards Strategic Intelligence newsletter today. Strategic intelligence based upon predictive analytics. It's what chairman and CEO throughout the world read and you should too. War room, here's your host, Stephen K. Banner. Okay. Mark lynch joins us from South Carolina. Mark, we're going to get up in a second. There's a new poll out with a margin of error 4 points. But it's a week before the primary. It's got Lindsey Graham below 50%. Correct me if I'm wrong, I think below 50% mean means he'd have to go to a, a runoff. That would happen a couple weeks after that. It's got Lindsey Graham at 46, you at 36 and I think 18 points. 18 points separate of undecided. Walk me through that. How did you close this gap so quickly?
- [45:44]
Mark Lynch
We're just exposing Lindsey's lies and his voting record, and people in South Carolina are ready for something different. He's been in there way too long, and everybody is tired of his voting like a Democrat and just being a Republican only during a campaign cycle right before an election. And so they've. They've said all year long. Back in March A year ago, 57% of South Carolinians said they would never vote for Lindsey Graham again. And I want to welcome you, Steve. We're in a. We're in a meeting here at Hilton Head, and this is the Coastal Conservative alliance with Lynn Fontaine and her great fans.
- [46:23]
Stephen K. Bannon
Oh, my Lord. That is a great. Love you guys.
- [46:27]
Mark Lynch
We had a surprise tonight for them because they didn't know they were going to be on the Steve Bannon show live.
- [46:32]
Stephen K. Bannon
So, wow.
- [46:33]
Mark Lynch
Hey, thank you for having.
- [46:35]
Stephen K. Bannon
Love them right there. You've said you're the first guy to come out. You've said that when you're elected, you're going to make sure thunes either with the program or replace Thune. Talk to me about leadership in the United States Senate. What do you think has to happen to have it more in line with President Trump?
- [46:52]
Mark Lynch
Yeah, I mean, what are we doing? Lindsey Graham hadn't used his senatorial powers. We got a nuke the filibuster and quit stalling and playing games and having a shell game where people can hide and never. They don't ever have to vote. And when they see that happen, they'll say, oh, I would have voted for the SAVE act, you know, but John Thune's blocking that will form a committee and make a motion to vacate John Thune and remove him so we can continue on.
- [47:19]
Stephen K. Bannon
So how have you done this? How? You. You've bootstrapped this campaign. You've put some money in. You've had great, loyal supporters like this. But Lindsey Graham's got the Senate Leadership Fund. He's got all the establishment in South Carolina. He's cut every deal in the world to trade off his integrity. How have you been able to close it into what this poll says today is just 10 points, sir?
- [47:41]
Mark Lynch
Yeah, I haven't had to, Steve. God has. God is the owner of this campaign. And people early on said, how are you going to beat Lindsey Graham? He's a senior senator. He has hundreds of millions of dollars. And I said, you know, the owner of our campaign owns all the cattle of a thousand hills, and whatever we need will come to this campaign so that we can remove A traitor in the US Senate supporting South Carolina because he doesn't.
- [48:09]
Stephen K. Bannon
One more time. I just want to make sure we get this. A lot of media is watching this right now as this thing really heats up as you guys hurdle towards this date. And remember, below 50%, folks, it goes to a runoff and then all bets are off. What will you do to support President Trump in the Senate vis a vis John Thune? The filibuster and Senate leadership, sir.
- [48:30]
Mark Lynch
Yeah, well, you know, Trump will be glad to have somebody like me that he didn't have to endorse or babysit. I'll just do the right thing making constitutional decisions, biblical values and bring back the foundations to America with God first again. That's what makes America great again. And we'll bring that to the Senate.
- [48:50]
Stephen K. Bannon
Does those folks in back of you that they want Lindsey Graham or they want Mark Lynch? Can we hear it? Absolutely amazing.
- [49:05]
Mark Lynch
I think you're seeing a representation because everywhere we go, this is what's happening, Steve. They have a viable candidate this time that is a true conservative. And you know, we have it on our band. Integrity, courage and honor with a backbone. And it's easy. If you believe in what's right for America and you're truly America first, you're going to make America first decisions. Not funding every other country's wars and not killing babies up to 15 weeks and doing all the things Lindsey Graham's done. We're all tired of it.
- [49:37]
Stephen K. Bannon
Well, notice Lindsey Graham has not stood up to John Thune and back the president. And by the way, right there is the backbone of this country, the grassroots. Mark lynch, social media, where they go to find out more campaigns, pain. Now you're hurtling towards a close next week and hopefully keeping ground below 50. And then you got a two week primer, a two week runoff.
- [49:55]
Mark Lynch
Yes sir. It's happening. So go to lynch4senate.com lift us up in prayer. You can go to contribute on our page and, and again contact all your friends and neighbors and tell them about us. Everybody can't go door knocking, but they can sure call their family and friends and people they do life with every day. There's nothing better than testimony from a friend that you trust. And so help us. I'm, I'm willing to go y' all help me get there.
- [50:25]
Stephen K. Bannon
Mark lynch, thank you so much and thank those folks right in back here, the great grassroots of this nation and particularly down to South Carolina. Appreciate you sir. And appreciate them.
- [50:34]
Mark Lynch
Thank you, Steve. We appreciate what you're doing for the country too.
- [50:37]
Stephen K. Bannon
Thank you now, I got the easiest job in the world. You guys got the hard job. From South Carolina to Minnesota, the grassroots are on fire and they smell victory. Mike Lindell, where are we today? How many competitors you got against you? How many people have lived up to. At least Mike Lindell's up front. He goes, I'm not taking any pledge. I'm not gonna let some convention determine this. We're gonna go out to the hustings. Did your female competitor, did she lie to people? Sir,
- [51:07]
Mike Lindell
she absolutely lied. She's running and which is great because they can split the estab vote and we'll come shining on through. I got my. I got Phil Parrish, a great lieutenant governor can. We're. We're gonna win this. We're. We're all in and it's gonna be pretty. I think it backfired on him up until the machines. They said, oh, machines didn't work. The boating machine. Well, I'm just shocked, right? You guys can check it out@mikevindalegov.com check it out and see where we're at today and help us out. It'd be awesome.
- [51:42]
Stephen K. Bannon
Okay, we're gonna get to all that tomorrow. The next day. Tell us about the deal right now. People are raving about it. What do you got for us?
- [51:50]
Mike Lindell
We've got the early Father's Day sale. Everybody get right now. Day sale. We've got the look, particularly look at the robes. We've got over 500 robes that we just got in. And you take $100 off for father's Day. They just came in. So they're 79.98 regular 179.98. You guys, we got the made in the USA socks. We got the king size pillows. Be king for it. Be a king your fought your dad. Haven't be a king with the King Pillows. 1998. And then we got the keys of dream sheets. We ran Those through at 9. 2998. All the new colors came in. So you guys get. Get on this promo code war room. Go to my pillow.com forward/war room. And here's what I'm going to do today. Today I'm going to extend the free shipping on your entire order. So for get the Father's day stuff, get the factory sale promo code war room. Just free shipping on everything right to your front door. 800-873-1062.
- [52:53]
Stephen K. Bannon
Thank you, Mike. We'll see you tomorrow morning. Keep fighting on. The sale is amazing. Stick around. Founders of Fire author historian Arthur Herman joins me next in the War room. If you're 65 or already on Medicare, listen up, folks, and grab a pen, maybe even a number two pencil. Call 845- War Room. That's 845- War Room. Call it right now. I'm serious. Call it now. Here's why. The insurance companies and their lackeys in the Washington swamp have built a Medicare system designed to confuse you and rip you off. Rising premiums, denied claims, fine print. Nobody but a lobbyist understands. Millions of American seniors are paying too much and getting too little. And worst of all, most don't even know it. Hey, that could be you. That's why, if you're already on Medicare or will be soon, you need to talk to our friends at Chapter. They have a team of advisors trained to serve American seniors, not the insurance companies. In under 20 minutes, they can find you the best plan for your needs at the lowest cost. Why? They're a data company. They have all the data on every plan. It's totally free. There's no pressure, no bs Just straightforward, honest help from fellow patriots. So don't wait. Call 845 war room right now. That's 845 war room. Tell them Bannon sent you. Now, listen, in the first couple of days of the launch of this company with the Warren Posse, Posse members saved tens and up to hundreds of thousands collectively of dollars in these fees. Go check it out today. That's chapter call 845-war- room. Do it today.