
Episode 5451: Breaking Down The Iran Deal ...
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This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians not 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?
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If that answer is to save my
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country, this country will be saved. War Room here's your host, Stephen K. Band. Okay, welcome back. It's Wednesday the 17th of June, year of the Lord 2020, 26. Rickards is here. We're going to try to get as much of the regular show as possible. My understanding there is going to be some sort of press avail by the president more than just one of these bilaters. He's taking some questions. So Rickards your intel and one of the reasons that Strategic Intelligence the newsletter is so important. You kind of take a angle of strategy, intel, geoeconomics, politics, all of it which makes in the offer you got. You know, go to our landing page records war room.com you get a special deal, 49 bucks for one month. Think that's three newsletters. You make a decision I want to continue or I don't. If you don't, Jim will get your 49 bucks back. If you go forward, you go forward and I guarantee you you will want to go forward. Your special the way I came upon Jim Rickards the legendary Jim Rickards. I read your book Currency War. I don't know, I think book came at 2, 206 or 2 or 7 like 20 years ago. It was brilliant and it changed my whole and I had already been to Georgetown in the strategy, you know the one that Gene Kirkpatrick set up, the School of Foreign Service in Harvard. It worked at Goldman and been around the world, had businesses everywhere. But I didn't really understand currency as a weapon and you explained that to me and how important this is as one thing I just want people to remember and even people negotiating this deal. When you talk about economic warfare, the structures and the processes of economic warfare because you've got to kind of bring the world in with the Swiss system and the American basically the throw weight of the dollar. But it's not easy and in fact you've got These sanctions guys are always trying. The French are renowned for trying to do workarounds. You've got the sanctions, you've frozen their cash, which is about $100 billion when you look. And I think in Western banks, it's probably 50 to 60 billion. I think we have direct access to 24 billion. You've then got restrictions on selling oil and sanctioning other nations. I mean, you have a whole end of currency, which Besant went after. You have so many tools available to you. And we know it has brought these guys to the knees. We keep Talking about the 400 billion, you know, million a month or a billion dollars a month.
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They're.
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They're losing. This is a powerful set of tools and processes. And when I read this, when I read this thing, they say was, they got us do certain acts, but it looks like the certain acts are going to be done on the, on the deal that will sign in 60 days. Then once you start underwriting, once they get cash, then they can buy time and they can do their thing. And you know, the Persians, they're the toughest hombres in the world to negotiate with. They've been doing this for 3,500 years. Read the Old Testament, right? So you're an expert. Don't we have a huge amount of leverage, which is just not our fleet in the kinetic part, the part that really gets them because they withstood the bombings, right? They withstood the bombing. The thing that puts the pressure on the mullahs, that puts the pressure on the. The Revolutionary Guard is people not eating, people not living good, fulfilling lives because they're choked down economically. And that's where we got them by the throat. And, and for no reason at all. We should let that go. Until we compensate the American people, until we're paid off, we're out. Then take it. We're out of here. Never see again.
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Israel.
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You do what you got to do. Good luck. Hope it all works out. Jim Rickards.
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Yeah, that's right. And thanks for mentioning the book, Steve Currency Works. Now, that book came out in 2011, but the first two chapters are about something that took place in 2009. So you're right, it does go back quite a bit. I facilitated and participated in the first ever financial war game hosted by the Pentagon. The sponsor was actually Pacific Command. They had a PhD economist on the central staff of the Pacific Command. That's how seriously they took it. But here's the point. The rules were you couldn't use weapons. It was 100% non kinetic. It wasn't like, hey, bomb them and do this. It was all financial. And that's how we played it. And it went to the attention of Secretary Robert, Defense Secretary Robert Gates. He said, well done. This, this was really, really useful. So that I talk about that in the book. But. But the point is using currencies, commodities, stocks and bonds, interest rates, embargoes, freezes, freezes. There's something called ipa, kind of a clumsy name. It's the International Emergency Economic powers Act of 1977. It actually gives the president dictatorial powers. Dictatorial in the good sense of the word, the way that the Roman Republic. If things get messy, they say, we need a dictator for your term, limited to two years. It's amazing. And I describe it. You can freeze, seize, and not say please. It gives the president extraordinary powers. Now, there are all these crazy federal district judges who are pushing back, but that's the main tool you use for sanctions. You can obviously seize assets and you can convert them. You can prohibit oil exports from Iran, but you can go beyond that. There's something called secondary sanctions. Secondary sanctions where you go to another party, could be China, Korea or anybody else, and say, hey, if you, China or Korea do business with Iran, we're going to sanction you. And then, and then it just kind of spreads. It's like a network, and it's extremely powerful. It's like cutting off the oxygen supply. So does it work? Yes. Now, by the way, the guy who did.
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Hang on, but hang, but hang on, hang on. Slow down for a second.
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How long?
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Cause, and you've said this a number of times, Obama on the JCPOA didn't work, but they did a pretty good job of laying in the first level of sanctions and President Trump in his first term and now second, and with Besson's done a better. But sanctions themselves and choking guys down are not easy to put in. And once you take them off, the inmates just run out. The French will be over there, they'll be setting up offices all the time. You'll never get them back.
C
Right, right. Well, that's right. Now, by the way, the JCPOA was an awful deal, but the question is, how did you get Iran to the table? And how did you get a deal at all, even though it wasn't a great deal? The answer is Obama and his Treasury Department ran a very good financial war for two years from 2010 to 2012. They did. You know, a lot of the things we're, we're talking about, and I even talked to the Assistant Secretary of the treasury at the time. I said, I said, why don't you keep it up? Why are you negotiating with him? You got them, maybe get him to the table. But why don't you just keep it up, keep dialing it up, don't fire a shot. And Obama did not fire a shot. Now, Obama did a lot of things wrong. They, you know, dumped, I don't know how many, 10 or $20 billion worth of gold in currency. That was Euros, by the way, not dollars, because they're easier to pass around on a Runway in Tehran and, you know, flew away. So it had a bad ending, but had, it was a very good financial war and it's a good model for what, for what Trump can do. Steve, the way, the way I think about it, and I'll be brief, I've said before, Trump has three choices. Surrender, stalemate, and escalation. So the way to analyze this, this is a casebook study of what mathematicians call the Monty hall problem. Monty hall was a game show host in the 1960s and he had a show, let's Make a Deal, and the contestant had three doors and there was one had a grand prize, you know, trip around the world. One had like an okay prize, like a TV set, and the other one had a booby prize, like a box of nails or something. And they asked the contestant to pick one. So let's say the contestant says, okay, I picked door number three before they opened door number three. Monty hall would go up and open door number two, for example, and there was the box of nails. So, okay, now we know where the booby prize is. You're not getting that. The grand prize is one of those two doors. Do you want to change your mind? That was the question. And almost all the contestants said, no. I had a 1/3 chance of getting it right. The odds haven't changed. I'm just going to stick to door number three. But the math, I have a 25 page mathematical proof will spare, will spare the posse of that. But the point is you should absolutely change to door number one because one and two together had a 2/3 chance of being right. And once you know that two is no good, one, door number one still has a two thirds chance of being right, which beats one third. So you're supposed to switch. So getting back to Iran. Surrender is door number one, stalemates door number two. Escalation is door number three. Trump was leaning to door number three. But somebody, I'm not sure, but I think probably J.D. vance said, Mr. President, door number two is the booby price. We're almost out of oil. You're going to shut down the global economy if you continue with the escalation. So given that, sorry, yeah, continue with the stalemate. We're going to shut down the global economy. That's the worst outcome. So given that, are you supposed to change your mind, go from door number three to door number one to the, to the bad deal? The answer is yes, and that's what Trump did. Now, this deal is awful. I don't, I wouldn't suggest otherwise, but it's the best of the three choices.
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What, what don't you like when you say that? What don't you like about it?
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The deal? Oh, it's, you know, it gives around everything they want. But my point is stalemate is worse and escalation is worse, doesn't he?
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His number one objective, he said from the beginning, is the nuclear issue. Do you believe as you read it, look, this is very preliminary. It's only a temporary agreement to keep the ceasefire going. But do you see the ability to shut down, as you deem it to be shut down this nuclear program that everybody's so worked up about?
C
The answer is yes. And here's where Trump brilliance could, I think, come in. Although I gotta say, Jayda Mans is probably the only guy in the White House who understands what I just described. But the point is, take door number one, the bad deal, and turn the tables. Say, you know what, we're not going to escalate, we're not going to continue the stalemate, but we're going to take door number one and turn that around on you. Instead of giving you what you want, we're going to take everything we can possibly get. So no bombing, no kinetics, no continuation, but we're going to tighten the screws like you've never seen. And by the way, you at least have to open the Strait of Hormuz. So that's the way to go. Surrender is not a good choice. Trump would get past it. We've seen worse. Like Afghanistan, for example. Not, not a good outcome. But Trump can turn the tables by doing exactly what we're talking about, which is going to financial warfare. But you have to understand how to do it. Not, not that many people do. I mean, best is probably a pretty good candidate, but it's especially, you know, you, you at the Wall School or Georgetown. I was at SAIS over at Johns Hopkins. You have to understand capital markets and national security. A lot of big brains in either one, but not that many people who can really Combine them, That's a short list.
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But don't we have to. I mean, isn't that our, Isn't that our leverage? Because let me take it a different way. If you start giving these guys money, and they've never lived up to any, any, any deal they've ever had, but if they get to some of these preliminary things, you start giving them cash, you've got them off the hook. The hook we got them on now, between the Navy being the instrument of economic warfare, the sanctions, everything else, keeping their cash is they're having a tough time moving their project forward. They admit this President Trump, they talk about all the time, their economy's collapsing. This is what drove, what drove people to the streets was not the bombing. They didn't show up. What drove the people to the streets is when he went out and actively tried to destroy their currency back in January. Then you had people all over because they thought, hey, this is the end of me financially. Isn't that the weapon we have that's still the most powerful, even more powerful than our magnificent military to go kinetic?
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Yes. And prior to this deal, I said we were, they were kind of looking at what I called door number two, which is the stalemate. But that I always describe this game of chicken between Iran and the United States. Iran was going to shut down the global economy. We were going to try to shut down Iran. And I said the US Would blink. And we did, because we're okay. We made it from, you know, April to June, but we're, we're just about out of oil and really consequential catastrophic things are very close to happen. So the US Blanked. But getting back to, to the financial warfare, yeah, that, that is absolutely the way to go. Now, here's, here's where the timing comes in. I said earlier, this is all about patience. Yeah. Iran has thousand pounds of 60% highly enriched uranium. That's not a nuclear weapon. It's, it's a big deal, but long time getting there. But the steps you have to take, you got to reach it to 90%, you have to weaponize it. You have to come up with what's called a device. That's not a bomb or missile. It's a device. Then you got to turn into warhead, which is extremely difficult. That's a very challenging engineering project in and of itself. Then you have to build the ballistic missiles and you got to have a warhead that can be on a missile and not kind of blow up in midair. That's robust enough to actually deliver to somebody, those steps will take years at best. So we have time. And that's why I'm not saying we should ignore it, we should be all over it. But we have time to strangle them financially and that's what we should do.
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Can you hang on one second? I want to give you tell people about strategic intelligence and this special offer just on the other side. Jim Rickards is with us. We're juggling here. We were supposed to be in a press conference. So we had a great second, a great second hour. We totally redid it, thinking the president would be doing a press briefing because the president, I think, I think is going to be on fire today. I think he wants to talk about this deal, wants to talk about the logic of it. Think he wants to talk about Bill Pulte. And there's so much else going on. One is that it's just not the Democrats, it's John Thune. And the Republicans are trying to treat President Trump as a lame duck up on Capitol Hill and it ain't going to work. Short break back. Buy 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 401k to from a previous employer or an IRA into a physical gold IRA. Let me repeat that. Birch Gold will help you now 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. Listen to this. Right now, Birch Gold is going to give you a special America 2501 ounce silver round for every $10,000 you purchase by July 10th. Let me repeat this. With every $10,000 purchase, you get a free 1 ounce silver round. America 250 Commemoration a special. Think about this. Ten years ago an ounce of gold was about twelve hundred dollars. Today it's around $4,500. Where will it be in ten years from now? Text BAN&B A N N O N 989898 to take advantage of free America 250 silver with qualifying purchase before the 10th of July. Again, text my name Bannon B A N N O N to number 989898. Today, take advantage of this offer. With qualifying purchases, you get a silver round, a 1 oz silver round. Check it out. Qualifying purchase. You got to do it before July 10th, do it today. Here's your host, Stephen K. Banner. Jim, before I let you go, there's already, I mean, on Capitol Hill, there's already a firestorm about this. And now, you know, there, there are folks, let's say, more hawkish, more aligned with the Israel First Project are saying now and have been here to, for big allies of President Trump saying no, Congress has got to get involved. Some people saying even this is a treaty, this negotiation. You've done this before. How complicated does the president have it now that the, that the, at least the framework of the MOU is out and they're trying to get to a signing, especially when the Persian media is playing it up, that this is an American defeat and we're kowtowing to them. We're going 24 billion here and 300 billion there and all this. How does this, this is going to be a quite rocky negotiation. What would be your recommendation to the President?
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Well, we know the president's pretty good at tearing up deals, you know, Paris climate Accord and, you know, the JCPOA and all that. So he could tear this one up when it suits him. I would keep the negotiation going. Yeah, why not? Ceasefire is probably a good thing, but just don't give them any money, period. And, you know, say, hey, by the way, you better open the straight stuff for Moose tomorrow. But we're not. We'll talk about money, but don't actually give them any. And then lay the groundwork and start to implement the financial war we talked about. There's again, it's Trump playing kind of into Iran's hands a little bit with the negotiation, but at the same time turning the tables and preparing his own counteroffensive. But financial, not military. A quick aside, Steve. You said Thune's treating Trump like a lame duck. I would say John Thune's the lame duck. He's going to lose five runners. McConnell, Ernst, Cassidy, Cornyn, Attilis. You get five MAGA people in those seats, you see Rick Scott as the Senate Majority leader.
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Well, why don't we do that now? It takes 27 votes. I don't know why we're not making that move right now. Because if Thune's going to do it. Here's the thing. If Thune continues and we're past these primaries, we got the team that Stephen Law and the Senate Leadership Fund wants. They're going to lose. I actually would like to hold the Senate. I think the grassroots would like to work to hold the Senate. Right now, there's nothing to work for because they thwarted President Trump on virtually everything except the big, beautiful bill, which was, you know, obviously it helped the country tremendously, but it was driven by their donors. So what would be your recommendation to President Trump? I mean, today was a big throwdown. He said, you're canceling this thing. You're trying to jam through here because Jay Clayton ain't showing up. He's my guy. I want an official three or four months, and Pulte is going in on Friday whether you like it or not. What would be your recommendation to the president? How he handles Thune?
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Well, either Thune steps down and you have a leadership election. The problem is the five Rhinos are still there. The ones I mentioned. I'm not sure they have the votes, but they could do it. Either Thune steps down, or you have this stalemate where Trump does not give the Senate anything they want. Use the veto and, you know, keep the appointments, whether it's acting or temporary, whatever, that's okay. They're still. They're still in command. Call it what you want, you're good for a year. Just keep doing that until they give him some of what he wants or all of what he wants. But, yeah, it's. You can't play nice with Dune anymore because he's not playing nice. He's out to destroy Trump.
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I agree with you 100%, sir. The newsletter where. How do people get it? What's the landing page? Why should somebody, in a world where they're inundated with information, why should they take the time to. To read and think about the. The newsletter? Strategic Intelligence.
C
Yeah. Thanks, Steve. Our landing page is Rickards War room dot com. It's Rickards War room dot com. You can go there. You subscribe to Strategic Intelligence? We have a very good introductory offer. Just $49 for a few months, but if you don't, don't like it, cancel, you get your money back. No questions asked. By Far. Most of our readers continue with us for years, or we're very happy about that. What sets us apart is predictive analytics. And we don't have a crystal ball. We have better models. I just described the Monty hall problem. A little complicated, but I'm actually writing an article on that now to explain how you can use that as a tool. It doesn't tell you what to do, but it tells you how to think about what's going on. And we don't tell you what happened. We tell you what's going to happen next. So we look forward with a very Good track record on everything from Trump 2016 to Brexit to 312 electoral votes in 2024. We were the only one who got that stuck the landing and got that exact number. So our track record speaks for itself and we're just going to keep going.
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Predictive analytics. Jim Rickards, thank you for coming on here. The audience always appreciates it. Thank you, Sir. Appreciate you. Rickertswarroom.com Go check it out. 49 bucks for a quarter. And if you don't love it and want to renew, Jim will give you your money back. How you like that? We've got all the sponsors now want to get access to the war room Posse and, and here's the reason. Tony Lyons, thank you for being available so I can fit you in today because it's been so crazy around here, the book revolution. You know, a guy came out the other day, one of these classicists and he made a great point that, you know, it just takes like one or two generations to forget to learn how to read books. That's different than reading. The ability. I will tell you one of the biggest strategic advantages I've had in my life is that I've been a voracious reader since I was 7, 8, 9 years old. Why? Because my mother and father were voracious readers. They were working class people, but they were voracious readers and were self taught in so many, I mean they had good Catholic education, grammar school and high school backgrounds and they used that, leveraged it. What did they do? They were voracious. Not just newspapers, which always in magazines, the news magazines, but library books, buying books. We had a, you know, I had a good library in our house that when you lose that and particularly if your children lose that, life is a more difficult struggle. It just is. And you can go this AI and punch it in. It's not the same. There's a process in reading that takes the mind as a muscle and it just, it's, it's like resistance. It's like working out every day or running every day and, and people, I gotta tell you, when you buy this book for young people because this is amazing narrative but it's very accessible. It's not a scholarly book, although it's got tremendous research. It kind of reads as a narrative history like William Manchester did in, you know, the Glory and the Dream or books like these mass, these big narrative histories. It flows like a novel. He uses Metaxas like, you know, like other people like Tom Wolf and others have used, you know, novelistic techniques to tell stories. That was the big invention in the late 50s and 60s. And these are Tom Wolf's, you know, the Right Stuff. And books like that, electric Kool Aid, acid test books that were not novels. It reads. But as you buy this book for young people, you're going to find them struggling because it's a 600 page book that tells a story. That's the power of the book. That's why revolution has sold so much. And this is why this whole concept of having really conservative points of view in serious books, the New York Times, the culture, the people that control the institutions of culture in our country are adamant about not letting that happen. And they understand with art and film and music and television and all this, that still the printed word, like back in Gutenberg and the Reformation that came because of the Bible being in the, in the vernacular language of the Germans and then the nations of the earth causes earthquake. They understand that books are still paramount in this cultural war and that's why they've been so hard on revolution. Tony, you've lived this your entire life. Your family's been in this business. You've been a great champion of First Amendment rights. Have you ever seen anything like this? And trying to shut this book down, sir?
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Yeah, I haven't seen anything like this since Bobby Kennedy's book, the real Anthony Fauci. So, you know, people have to recognize there's economic warfare, there's military warfare, but there's also cultural warfare. And that's what's going on here. So we have Jill Biden's book come out and you know, go to Amazon now, look it up. It's number 567, meaning that it's a fail.
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Stop. Stop.
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It was number one on the New York Times bestseller list. Mathematically, it could not be 500 on Amazon.
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Right?
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Incredible. So if you look up Eric Metaxas book Revolution, you will see it's number 38 in all books. It's at the very top in nonfiction. But look and see Jill Biden's book number 567 and it's listed as a number one New York Times bestseller. So, you know, this is about control. This is about controlling what you do, what you think, what you put into your body and what you read. So despite just incredible censorship from everywhere, from newspapers, from bookstores, from every left wing bookstore in the country, which is practically all the bookstores from Barnes and Noble that refuses to carry the book,
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Listen, they're desperate to sell books because the margins there are tough. On Sunday, you went around to the biggest, most important Barnes and Noble in New York City in Manhattan, which is the book reading capital of the universe. And you were. Sent me photos. I don't have time. But they had displays on every book under the sun. And I kept saying, I said, tony, go to the stacks. Go to the stacks. The books in the stacks.
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It's not.
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They didn't even order Revolution. It's no. They got 10,000 copies, including five tables with Jill Biden and every other stupid book out there, and they haven't even ordered a copy of Revolution to put it in the stacks.
E
Jill Biden's book stacked to the rafters in every bookstore in America. Just incredible. But you look at those stacks and I have pictures of them from these flagship Barnes and Noble stores, and there's not a single copy taken. They're just, they're stacked up beautifully because nobody is buying them. So Eric Metaxas book sells 25% more in the first week. But I don't even think that any of the Joe Biden books, really any, were purchased by consumers. This is all just a game. And thousands and thousands of people came out to read Revolution because they know that, you know, this is a book people want to read about the giants who fought the revolution, the people who fought for our freedom. These are just incredible stories that Eric has put together. That's what people want to read. And these other people, they want to control everything. But the war room posse, you guys, all of us, we have more power than they have, that they can write hit pieces, they can write stories about, you know, everything day after day to try to take us down, to try to change the narrative, but we don't have to accept it. And I think that what this is showing is that millions of Americans are just mad as hell and they're just not going to take it anymore. That you can't beg them, you can't force them, you can't use propaganda or censorship or deplatforming to get people to accept fake news, fake science, fake best seller lists, any of this. So we're fighting back and we're winning.
A
Yeah. Hang on one second. I'll hold you through the break. We're also going to go to Texas next. 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 and 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 preparewith Bannon.com that's all one word. Preparewithbannon.com you get a three month emergency food supply. Don't 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 preparewithband.com to get your emergency food supply today. That's preparewithbannon.com do it today. Go check it out. Here's your host, Stephen K. Bannon. Tony, we gotta go to this press conference in a moment. When I have you back on tomorrow, the next day, go in more depth about this. Where do they get Revolution right now, sir?
E
Yeah, the only real place to get it is on Amazon now unfortunately, you know there's, there's so many stores that are going to start taking it soon. But you know Barnes and Noble is trying really hard not to get you to buy this book. Hundreds and hundreds of left wing bookstores don't want you to buy this book. So you know they're not even taking orders for it. And online you see that they discount left wing books more than right wing books. So everything is pushing you towards buying other books because they don't want you to know. The incredible true stories about this country. The ultimate celebration of what's great about this country. And that is Eric Metaxas, his revolution brother.
A
Where they go one more time to get this book. Let's continue to Amazon here. Go to Amazon right now. Revolution. Buy it for a young person too and say hey look, we're going to read it together. You we're going to read and have our own book club internally over the kitchen, over the kitchen table twice a week.
C
How about that?
A
Tony Lyons. Thank you brother. Appreciate you, thank you, appreciate you. Patriot Mobile 972 Patriot all things Texas. These folks got Christian values and they support your values. As importantly on the business side, it's the best phone service in America because it layers on top of all the big three phone services. 972 Patriot talk to somebody today. That is an East Texas accent. Tell them war room sent you. And by the way, they'll do, you know, sometimes they'll say, hey, let's pray together. Talk to you about the service. Glenn and Jenny's story. Two of the best. I mean incredible people, tough people, good people. 972 Patriot Abraham George. Dude, what the hell is going on in Texas? We had the great team Mary and everybody coming on. We had overwhelming support. People in Texas, great signing up for this huge thing that's going to happen in Austin about these textbooks. But I don't understand it. Why is CARE showing up at the Texas convention? Why are they threatening people? I thought when we were down there spending much time with you guys a couple of months earlier in the year about Prop 10 prohibiting Sharia law, I thought that care has been designated as a terrorist organization. Why are they allowed to terrorize people like Julie Pickering and some of these other great patriots you have working, sir?
F
Well, the rules of the party allowed them to show up to the convention and we changed it. But the truth is, Steve, we could have removed them on Thursday or Wednesday when we had the SREC meeting and the credentials committee who basically vets everyone. Bonnie Wallace, amazing patriot. She showed up to the SREC meeting and said, we recommend these two members, these two delegates to be removed from the delegation list. And the SD11 is where this coming from. Galen Devine, the SREC member, basically did a point of order saying, do you have any proof they are associated with the CARE organizations? And I mean, we ended up having to keep them, move them over to the convention and the convention, the SD convention caucus meetings. Our national committeeman, Robin Armstrong and one of the, one of the Texas House reps went up and spoke for them essentially and said, they're good people. You got to remember one of these guys started CARE In Texas, they are designated as terrorist organization. My whole thing is I'm free to speak about all of these things now that I'm not the chair. Here's the problem. Why are we arresting them? If you have a terrorist organization running within the country in your state, why are we still open to having them come to any of our meeting or run around in our state? How do you know what they're going to do next time? So this has been a problem a lot of patriots.
A
But Abraham, down in Texas, Amy Mack. I can't speak highly enough of Amy Mack and her team and what they've done on video footage. I mean, these people are patriots. In American heroes, the way that they do it in every country. This is one of the reasons we had McIlveney come from London and spend that week in November that it got everybody motivated to do the, the Prop 10 starting in January with the dinner and the kickoff with Glenn Beck and everybody throughout Europe. What they do. And you see this in England, you see it in London. They use the rules that people legitimately play by against you. So you have situations where, oh, you can't prove it and you have these people show up that are affiliated with these terrorist organizations and they use Robert's Rules of order, whatever the credential, and you get just one or two people who are controlled opposition, you gum up the whole works and next thing you know you have a, you have a fiasco at the. Now the good news is I think it motivated in the breakout session. I saw the footage. I think you had seven or 800 people show up at these breakout sessions about Sharia laws. I think it's even more motivated people. But they're going to continue that. They're going to use the rules of the Texas Republican Party and also town commissions, etc, with one or two rogue business people or one or two rogue financiers, or one or two rogue local politicians, or in this case the people you've identified to use it against people at the same time putting a chill on people that should be going and rolling these people up. I mean, it's been designated a terrorist organization by Governor Abbott. I just don't understand why more direct action is not taking place.
F
Sir, you're absolutely right. The problem is when they use these rules, I can tell you, I can promise you, Steve, 99.99% of that 5,000 some people who were there or 6,000 were on board with removing these people, kicking them out of our process of putting our platform together, our priorities together. They're part of the conversation. And our own national committee man goes up there and speaks against it. Our own SREC member goes up again on the microphone and speaks against and do a point of order and they use this. It's time that we as Republicans ask people in state of Texas openly talk about this and get our government, Greg Abbott and our attorney general, all of our people to come on board with saying if these people are associated with this, they are going to be arrested, they are going to be removed. We are going to investigate you because once you designate someone as a terrorist organization, they should come up with it, should come with some penalties as well.
A
Are you, Are you. Look, you're a very prominent guy, obviously, with chairman of the Republican Party. Are you in conversations with people like, how do we start taking this seriously in Texas because of if the governor comes out and says designated them a terrorist organization, the Muslim Brotherhood, and action's not taken, then people say, then what's it all worth? Are you having conversations right now with people in authority to kind of move this, move the ball forward?
F
We are. We are talking about it. I am not the chairman of the party anymore. We have a new leadership team that comes on board. Hopefully they will continue that conversation and take it to a place where we actually going to have real consequences for these people who are pushing this terrorist idea. These are the same people who came to the SBOE and said Alamo Alamo, of all things in Texas was influenced by Middle Eastern culture. So they're trying to twist the history. They're trying to twist everything in America and our people are siding with them and letting them have it. It's time that we actually stand stronger than where we were and do the right thing.
A
Abraham, what's your social media people want to follow this? I'll tell you that the outpouring we had yesterday when Mary Castle came on for the sign up and you're going to have, I think a huge amount of Texas Patriots show up this thing Monday, folks, I should tell you, I think it might get a little confrontational because they're going to have a big turnout by the other side and I think it's going to get a little contentious because they're coming in hot. These Texas Patriots are not going to back down. When you talk about the school books and things like the Alamo, these folks are dug in. So this is of national importance because it drives not just the national conversation because as Texas goes, so goes the nation. But in just addition, practically, I've talked to Tony and everybody in the book public said, hey, if Texas signs off on it, you can assume it's going to be in 15 to 20 states in their textbooks. So this is kind of a national issue already. Where do they go to follow you, Abraham?
F
They can follow me on X @AbrahamGeorge. We're on Facebook and everywhere else on Abraham George, Texas.
A
Thank you, sir. Appreciate you.
F
Thank you.
A
The turnout down in Texas was just absolutely incredible. Dr. Bradley Thayer, thank you for hanging out. There's a story. I want to make sure we get it out because it's so brilliantly written. It's up on American Thinker, I think today and it's one of my favorites because I say we've been a populist nationalist movement. I think to kick down the door and get rolling. Populism kind of took the lead. But nationalism, not just catch up. I think we're going to get more nationalistic, much more nationalistic over time. Talk to me about your piece and how do people get it?
B
Sir Steve, thanks for having me on today to talk about it. So the argument is that the elites have failed, the Western elites have failed and they failed intentionally. Of course, the policies that they put in place, particularly with respect to migration, were intentionally designed, whether that's in the United States or Australia, in Europe, in, in the uk, to break apart those societies, the nation states we knew in those in those countries. And so that's generated the reaction. People know that the elites have failed. National identity is being.
A
But hang on, hang on. We just saw, we just saw a part of that in this Texas situation, where Texas is having to fight to get this into the school books about what really happened in Texas, what the values of Texas are in the United States of America. But over the weekend, and by the way, these breakout sessions were, I don't know, 6, 7, 800,000 people wanting to know more about this whole situation with the mass migration of Islam and Muslims and Sharia law into Texas. So you see it, it's going to happen more every day. And what happened, you had some people from the elite kind of Republican Party that said, oh, no, no, no, no, these guys are coming, they're good guys. And what happened, you caused a fracas that once they get a foothold, they're going to start demanding for their stuff. And you're going to have, you're going to have these difficult situations which has got so many people in England on their back foot. Sir.
B
Yeah, well, the old age isn't giving up, Steve. They're in power and they're not giving up. They're not going to release their grip on power. It's the new age that's going to have to take it from them. It's the modern nationalist identity that we're seeing. There's a terrible, there's so much bad news with respect to that, from Jocelyn Nungri to Lake and Riley, to all of the horrific events. Henry Novak, the Belfast attempted beheading by the Sudanese migrant. The rape gang report that was released yesterday, over 250,000 British girls and women raped by mostly Pakistani Muslim gangs. Horrific events every day made worse by EU decisions. The European Union decided six months ago, January of this year to sign a mobility agreement with India that's going to allow Indians by the tens of millions next year to enter the EU additionally on June 12th. So just a few days ago, the migration policy came into effect, EU migration policy, where they're going to redistribute migrants in the European Union to places that are stressed like Spain.
A
I'm going to hold you through the break and we're going to try to get it all in before the president. We haven't got a warning yet. The Charlie Kirk show is probably going to have this presser that the president and I'm sure it's going to be he's going to be coming in hot both on the deal and on the situation with Pulte. So you're going to see this. I think the Charlie Kirk show is going to take place much there before we go to break. Real quickly, you've been, I've noticed in our talking and our text message and all that you continue to use a word that is a word that I think is going to become as important as mass deportations. You call it re migration. When we get back after the break, I want you to explain to people they understand what mass deportations are. I think this concept of remigration is new. So if you can explain it to us when we get back, we'd appreciate it. Tax Network usa, this is another one of our great sponsors. If I can just find there I got got my read right there. So make sure I got it right. Ah, the number 866-513-5516. That's 866-513-5516. You get a free discovery call normally costs hundreds of thousands of dollars to find out exactly where you stand with the IRS about what you owe. It's free. It's no obligation. Take advantage of it today. Listen up, patriots. President Trump is dropping a $100 trillion bomb on the globalist. Jerome Powell's term has come to a close and he's installing a real America First Fed chair who will, according to Jim Rickards, slash rates and supercharge our reindustrialization. This is what one man is calling Trump's gift on America's 250th anniversary, unleashing a historic super cycle in American mining rare earths, uranium and gold. The same forces that turned $5,000 into over a million in less than five years during China's booms of are hitting here now. Jim Rickards, the former CIA, Pentagon and White House advisor, has the battle plan. The gold royalty stock that could skyrocket in the next few years and the uranium power for AI. Don't miss this. Go to rickardswarroom.com now for a risk free trial of Rickards strategic intelligence. Get all five free reports for just 49 bucks. 90 days to test it. Love it or keep the research and get your money back. This is your shot patriots. America is rising. Make sure you participate once again. Rickardswarroom.com for your risk free 90 day trial. Do it and do it today.
D
War room.
A
Here's your host Stephen K. Band on Tax network usa. Remember they're giving you something free with no option obligation. They're giving it to you free with no obligation. Take advantage of it. These guys are the pros.
C
Pros.
A
Find out where you stand with the IRS. Dr. Thayer said we're going to get to remigration. The president I think is that for Sai, Is that correct? He's going to do a press briefing. I got Lindell by phone. Lindell, I got enough time to tell me about what the deals are. People are bugging me about your your father's day deal. They're saying it's great.
C
Why?
A
Why are they saying it's great?
D
Well, it's the best special of the year and it is today is the last day for you guys. So let's get on it. It's the father's day special. This is our bathrobes, $100 off today. Free shipping on your entire order. And then we have the my pillow premium, the king size made in the USA machine washable dry with 10 year warranty. The pillow that made it made us famous 1998 for the king size queen size only 1898. And our Giza dream sheets as low as 2998. The main the USA socks, you guys get these. This is it today. So let's get this father's day sale done today. And then also go to mypillow.com war room and then you're going to see the other sales that collided. Our vendor still has this is he's running the 50% off on the mattresses and the mattress toppers with free shipping on your entire order. So we have over 50 new products added to my pillow and if you put in promo code war room there you'll see all the price changes today. So this is another sale we're adding. The war room gets an early special on it. Use promo code war room free shipping on your entire order. We have everything you can imagine there from the kitchen to the bathroom to the bedroom. And then also you can use that on my store dot com. Use that same great promo code, war room. But call 8008-7310-6280-0873-1062 and tell get, get a hold of my employees. They love taking your calls, you guys. I'm actually doing a big governor parade today here in Minnesota. It's raining outside, but we're going to, we're doing it anyway. We're going to be, we're going to be having a lot of fun today up in northern Minnesota.
A
So every day, every day with Mike Lindell is on the blue skies. Trust me.
C
Great job.
A
I'll see you back. I'll see you back here at 5 o'.
C
Clock.
A
Let's pile into this Father's Day special. It turns out, I know this is hard to believe. I think I misread one of the President Trump's true socials as we're doing this show here. I don't believe he's at Versailles. That would be kind of an odd place to do oppressor being. He's a populist nationalist. I think it's an Evian at the resort. The president, they're giving us the signal. It's going to be a momentarily, I think the Charlie Kirk show as we toss to it will be mainly the presser, but I would recommend for the audience to stick around. I'm sure it's going to be lit. Remigration. Dr. Thayer, why is that such an important concept for people to get their head around?
B
Sir, it's absolutely essential. So the elites weaponize migration. They import people from the global south, from Africa, from India and elsewhere by the tens of millions. We see this in the United States, of course, with Biden's open borders policies. We're seeing this now in Europe, uk, Australia, immigration without end. The elite want it and nothing can stop it. Remigration is the idea of reversing that and that is that the peoples of the west are not going to tolerate the destructions of their identities and they're not going to tolerate the destructions of Western civilization. And they're going to reverse that by submitting, obviously, that if you don't have permission to be in the state, if you don't have legal permission, you've got to go. And we see this, the strengthening of this movement, Steve, throughout the West. What started out as a very modest movement has grown into a tremendous movement where we see the European Parliament, of all things. The European Parliament today just passed a motion tightening essentially and accelerating deportation. It's a small step, but it's a step in the right direction, which shows the new age of nationalism.
A
It may be a fighting. Where do people go to get the article and where do they go? We're going to have up shortly, I think your book that'll be out later this summer, that'll walk up through this war we're fighting with communism. Where do people go to get your writing, particularly this article, sir?
B
See, they can go to American Thinker or they can go to Brad Thayer at X or Bradley Thayer at Getter or Truth Or I'd encourage folks to take a moment and back Julie Pickering in Texas and Abraham George, of course, and Mary Castle. Because the fight in the educational system is everything. This is a war for civilization and that's a war of ideas. And so the textbook, Texas social studies textbooks are absolutely essential for ensuring pro Western ideas are sustained in the United States from the assault that they're under from of course, the hardcore Leninist left that we have in the US So back Julie Pickering, obvious. Abraham George, Mary Castle in their fight to keep an educational system, an American educational system.
A
It's amazing. By the way, I gotta say. Can we get a full shot of Dr. Thayer? After, I don't know, it seems like years of working on this, we finally have the background I've requested. We have the beautiful map of China. But what I love, and this is what an original gangster you are. The map that you have when you blow up the thing, it's got Peking in there with Beijing underneath. What is the symbolism that Dr. Thayer is sending when he has that map in back of him? So particularly the blow up that calls it by the old school name.
B
Well, I'll leave that to the audience, even to you to interpret. But thank you for moving me after years, two years of steady resistance to
A
if I can only. If I can only. If I can only get Mo. If I can only get Mo to do it. Dr. Thayer, thank you so much. Love the background.
B
China will be free again, Steve. Some point. Some point soon.
A
Take down. Take down the ccp. Let's get back to Peking. The Birch Gold special. Don't talk to Philip Patrick and the team. They're throwing in for a qualifying purchase. 1 oz silver round. It ain't a coin, it's a round. We'll show you this here in a moment. 8 Go to Bannon B A N N O N at 989-898. You get the absolute full information on everything, including a qualifying purchase that they toss in. A 1 oz silver round that you will not forget. It's absolutely incredible. So do it. Today and talk to Philip Patrick and Philip will be on today. David malpus, the five o' Clock show is absolutely slammed already. I got to figure out how we're going to take everybody in America's Health Share. Freedomforhealth.org Bannon, you get a month free. This is going to take a little thinking, but this is an alternative, a very small alternative to continue to pay these outrageous medical insurance bills that are bankrupting you. If you can't go for it, do some due diligence, go over there, check it out right now. Talk to the folks, chief medical officer, all of it. America Health shares do it today. We're back here at 5. Do you owe back taxes or you haven't filed your taxes in years? Now is the time to resolve your tax matters. With the national conversation around abolishing the income tax, 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 in recent years. If you owe, the IRS can garnish your wages, levy your bank accounts, seize your retirement and even your home if you owe or haven't filed. It's not a question of if the IRS will act, it's a question of when it will act. 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 cost you more money. They are not, and let me repeat, the IRS is not on your side. Get protected the right way with Tax Network USA and start the process of settling your tax matters once and for all today. Call 1-800-958-1000. That's 1-800-958-10000 or visit tnusa.com Bannon for your free discovery call with Tax Network USA. Let me repeat, 800-958-1000. Tell them Bannon sent you. Don't let the IRS be the first to act. Take advantage of first mover advantage. You move.
Date: June 17, 2026
Host: Stephen K. Bannon
Featured Guests: Jim Rickards (author, financial warfare expert), Tony Lyons (book publisher), Abraham George (Texas GOP), Dr. Bradley Thayer (nationalist analyst)
This episode centers on the recently proposed Iran nuclear deal, exploring its strategic, economic, and geopolitical ramifications from a hardline America First perspective. Stephen K. Bannon welcomes Jim Rickards to dissect the deal’s mechanics, U.S. leverage points, and wider global consequences, especially for the Trump administration. The conversation expands into related issues: GOP infighting over the deal, the role of economic and cultural warfare, Texas grassroots activism, and the future of Western nationalism.
Congressional Pushback:
Leadership Battles:
Bannon on leverage over Iran:
“The thing that puts the pressure on the mullahs ... is people not eating, people not living good, fulfilling lives ... that's where we got them by the throat.” [03:16]
Rickards on sanctions power:
“You can freeze, seize, and not say please.” [04:04]
Rickards on the Monty Hall analogy:
“Surrender is door number one, stalemate’s door number two, escalation is door number three. ... Trump was leaning to door number three ... but should switch to door number one ... not ideal, but better than the alternatives.” [07:36–09:38]
Lyons on book censorship:
“This is about control ... what you do, what you think, what you put into your body and what you read.” [25:33]
Abraham George on party rules:
“If you have a terrorist organization running within the country in your state, why are we still open to having them come to any of our meetings?” [33:46]
Thayer on remigration:
“Remigration is the idea of reversing that ... they’re not going to tolerate the destructions of Western civilization ... if you don’t have legal permission, you’ve got to go.” [48:35]
| Topic | Key Guests / Speakers | Timestamps | Focus Points | |------------------------------------------|------------------------------|-----------------|------------------------------------------------------------------------------------------------------| | Iran Deal Breakdown | Jim Rickards, Bannon | 03:00–15:00 | Financial warfare, sanctions, Trump’s three options, nuclear timeline, leveraging the bad deal | | Political/Congressional Maneuvering | Rickards, Bannon | 17:00–20:10 | Senate leadership, MAGA vs. GOP establishment, Congress’s role in Iran deal | | Cultural/Book Censorship | Tony Lyons, Bannon | 22:35–26:20 | Book suppression, conservative publishing, youth education | | Texas GOP & Security Controversies | Abraham George, Bannon | 32:47–38:19 | CARE designation, convention drama, grassroots activation | | Nationalism & Migration | Dr. Bradley Thayer, Bannon | 39:53–49:58 | Elites vs. populists, remigration, EU policies, educational front in Texas |
This episode intricately weaves together the strategic choices facing the Trump administration on Iran, the enduring power of financial pressure as geopolitical leverage, and the wider sociopolitical battles over cultural narrative and national identity. Combining expert analysis (Jim Rickards), grassroots perspectives (Abraham George), and the imperatives of conservative cultural defense (Tony Lyons, Dr. Thayer), the show makes a case that economic, political, and cultural war are each fronts in the same broader struggle for the future of the American nation and Western civilization.
For deeper context or to follow the developing stories discussed, consider reviewing:
(All timestamps MM:SS based on transcript order above.)