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Bannon`s War Room
Episode 5575: Where We Stand On The Economic World Stage
Episode 5575: Where We Stand On The Economic World Stage ...
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- [00:03]
A
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Reasons I got a free shot. All these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA MEDIA I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved. WAR ROOM here's your host, Stephen K. Band.
- [00:54]
B
Let's get to Lauren with the numbers. Go ahead, Lauren. Minus 23,000. No rebound for the July jobs report. Negative 23,000. Unemployment rate drops in July to 4.1% from 4.2% in June. And the same for the expectation the number of unemployed drops from 7.1 million to 6.9 million. Where other jobs? Maria well, manufacturing bright spot better than expected. Created 5,000 jobs in the month. But again, a disappointing jobs report.
- [01:30]
A
Saturday 8th August. Your valor, 2026. I think even worse was the issue of wage growth, etc. Philip Patrick, I've got you on. I want to talk about the Middle east, the war, also this issue of the CR that they're going to pass to kick the can down the road. All of it. How it impacts the turbulence we've seen in capital markets and particularly gold as a hedge for all this. Let's start first off your assessment of the economy, what these numbers showed, not just the labor participation, unemployment rate, where the jobs are being created, where they're not. Also the issues with wages keeping up with inflation. PHILIP Patrick, the floor is yours, sir.
- [02:14]
C
Yeah. Yesterday's job report was genuinely quite a weak one. And I think the revisions were almost as important as the headline. The economy lost, as they mentioned mentioned in the cold open, about 23,000 jobs in July. Forecast, though, were anticipating 80,000 job increase. And then we learned that in May and June, 103,000 jobs were lost. Essentially it was a weaker report than weaker than reported. So the problem is it isn't just one bad month. The labor market has been losing momentum for several months in a row. As they mentioned, unemployment actually fell to 4.1%. But that number's misleading. The decline was mostly because about 264,000Americans left the labor force altogether, which ultimately is bad news. Right? We don't want unemployment falling because people have given up looking for work. Worse, inflation adjusted Pay declined by 0.1%. Now, I wouldn't overreact to the headline either. About 50,000 of the lost jobs that we were basically in local government, education, while we saw a slight increase in manufacturing and construction. So taken together, I think businesses have become reluctant to hire in this climate. And the Federal Reserve have obviously been all over the news very recently. This puts them, I think, in an even more difficult position. Three Fed officials last week wanted to raise rates because inflation was still too high. But now the question is, can you really start raising borrowing costs in a labor market that's already stalling? And that's ultimately the trap, Right? Inflation says the Fed need to tighten monetary policy. But job numbers now are saying be careful. And when the Fed is trapped between these two problems, the risk of making a mistake starts to rise considerably. Generally speaking, they tend to err on the side of inflation, but that's never a guarantee. And yeah, I just don't. But this is.
- [04:18]
A
But this is. But this is. But this is a problem with them having a dual mandate. For the audience. They've got the mandate of 2% inflation, right? It's, it's really a monetary entity since central bank. But they added back in the 70s when there's so many, you know, there's so much unemployment that they had to have. Also think about full employment. It's a, it's a tough mandate. The question I got you for you. Let's go back to those guys that voted. How did they not have a feel for what was really happening in the labor market? You think this catches everybody's surprise? One of the things I'm most concerned about, and I hate, as I know you do, is these restatements. This is why EG Antoni would have been the solution. One of our contributors here, he was nominated by the President. But the Republican Senate, folks embrace this. The Republic, the disastrous, do nothing Republican Senate because of Collins and Murkowski were on the committee. They would not even take a meeting with ejaculate. They would not even take a meeting with the President's nominee for Bureau of Labor Statistics. And E.J. and Tony would have cleaned out all this crap. You might not like the numbers sometime, but they're going to be accurate numbers. What we want, we don't want inflate numbers and go back because if we had at the time, Philip, you can kind of see the trend. There is a trend for the economy is not, is not as hot as not as heated. It's not as heated up. And therefore there shouldn't be any real debate about raising rates. Correct. If these three governments had seen that and seen this data as it really was, we wouldn't have had all this hand wringing and pulling the hair out. And of course, we're going to have you on next week. They're at Aspen right now. They're going to Jackson Hole for the big Fed meeting. It wouldn't be all this gnashing of teeth if we had real data, sir.
- [06:08]
C
It's exactly it. Listen, the Federal Reserve have a job to do, and they need accurate numbers in order to do that. Becomes an absolute debacle. And what happens, the reality is they start to respond to issues too late, inflation starts to become entrenched, and it creates massive problems. So, yes, they've got one job to do, and they need to start doing a better job. The bls, they work on estimates coming out from economists, but as you said, there's a lot of leading indicators. They should just get better at their job. I think until they do, we have to trust these as estimates, but we can't treat the first report as gospel. But yes, there's got to be changes happening there. I was encouraged when they got rid of the previous head of the bls, but nothing's changed, clearly. And until it does, it's just making what is an incredibly tough job for the Federal Reserve almost impossible to achieve.
- [07:07]
A
I want to go back on something you said and make sure the audience understands the implications of it. It's the increase in labor, the decrease in the labor participation rate. You know, I've been on this for a while, of course. Victor Davis Hansen kind of blew it off. Oh, Bannon really don't understand. It's been in the low 60s. It's all bull crap. This is a key number. And this shows you about people giving up, right? And it's so essential. Day we had Fish back on, you know, yesterday, talking about he's galvanized young men in this race in Florida. And part of it's about this idea of getting a wife, getting a job, buying a house, having that kind of foundational element we need for the American republic, our society. What Burke called the little platoons, the things that undergird a culture, undergird a society. Why is labor participation such a big deal when you look at the numbers?
- [08:01]
C
Philip, listen, at the end of the day, we need people working, right? They have lives, you know, mouths to feed, families to feed, lives to run. We've got GDP to Generate and if people aren't working, you know, the economy collapses. Labor participation is, is the most important metric, I think, of the entire economy. Concerningly, what we've seen is some really good strides coming from the administration when it comes to manufacturing. We had a manufacturing report come out early this week and the numbers were quite incredible. The big concern is though, that isn't bleeding through to an increase in labor. It could be a timing issue, it could be a ramp up issue or it could be an efficiency issue pushing more on the AI side and the individual getting affected. But like I said, until the labor market picks up, the problems are going to continue.
- [08:56]
A
Want to give a hat tip now to Cain over at Citizens Free Press? Cain, and I've got to know him very well. He went to uva, I went to vpi, although he's from Indiana. He's one of those Hoosiers, one of those out of state guys that went there, got involved and has a great clip. He was up at cnn, I guess as an intern. Cain, I'll tell you that he started Citizens Free Press. One of the things that drove him nuts is debt, deficits and what it's doing to our country, what it's done to the dollar, what it's done to the economy. And this is why Cain always puts up. He's got the federal debt clock, if you notice. He's always doing headlines all the time, like for instance, the CR when you kick the can down the road, what it means. But Cain is very, and I can't speak highly enough of Citizens Free Press is a site to go to. But he's always very focused on national debt and he's been like that since he started Citizens Free Press years ago. Another guy that was like that was Charlie Kirk. Charlie and I think we gave him his first job, really paid job in the business over at Breitbart as a writer about college campuses. What inspired him even to get involved is watching the old Glenn Beck show. He used to tell me this all the time when Glenn Beck would be on the whiteboard and talking about QE and debt and deficit, in fact with Peter Schweitzer. Glenn Beck wrote a book, I don't know back, I think it was in 2010, 2000, 10, 15 years ago, about national debt, about deficits and what it was going to mean long term. Philip PATRICK I think it's what by election day we're going to be at $40 trillion. The CR that the Senate's kicking the can down the road to December, it's the same Spending as Joe Biden and Nancy, it's their budget. We haven't cut any of it. How big a national security threat? Let's leave aside the BRICS nations, let's leave aside gold. All of that in your mind as somebody watches this all the time. How big a national security issue do you believe is the runaway train of our national debt and these massive deficits?
- [10:59]
C
Sir, I mean, it's the biggest national security threat we have and has been for a long time. This, for me, is something I'm very passionate about as well, because I think if we cannot get a handle on debt and deficit, the problem's unsolvable. And ultimately it's just a case of slowing the pace of collapse or decline. But you can see it play out in everything that we do today, right? You know, countries around the world understand that our biggest Achilles heel is internal. It's debt and deficit. And if they can raise borrowing costs, there's nothing we can do to fight them. Look at the Iranians, right? It's a very good case in point. They're not firing missiles at U.S. destroyers. They're trying to affect trade. They're trying to get people to think twice about, you know, transacting in US Dollars. Why do you think they're hitting those, those Gulf states? Right? It's the security guarantee. It's the petrodollar, right. They're trying to, these countries think twice about transacting in dollars. Hey, why are you using US Dollars if the US can't even protect you? And what's happening is borrowing rates are increasing. We said last week they're at the highest levels now, over 5% since 2007. Debt service payments now are taking up 25% of our total revenue. That is money that is completely unproductive. It's projected that within less than eight years, at the current pace, interest payments on the debt are going to half of our revenue, and there's nothing we can do. We cannot function as a nation from that point. So if, you know, legislators don't understand this, they need to understand it very, very, very quickly. Because like I said, outside of a massive productivity boom, and I mean massive, there's no way out of this outside of immediately and aggressively curbing spending. But like you said, there really isn't the political will and hasn't been for a long time to do it.
- [13:01]
A
You know, Mark Beale is going to be joining us. We're going to, we're going to talk about artificial intelligence. I mean, Philip, here's my concern about, and I'm the biggest advocate. In fact I, I don't take credit I came up with it, but I think I did come up with it that the business model of the United States is a highly leveraged bet. And we layered on a highly leveraged bet on, on productivity increases of artificial intelligence without the concomitant layoffs. If you look at the math, the way people are talking about it, what they think is that they're going to have this, you know, this, this big bang on productivity increases coming from AI but when you look at the math, they haven't taken out massive layoffs in the, in, in high value added jobs in the IT community and in STEM workers that goes along with it. I ain't buying that. Not for a second do I buy and quite frankly I don't think anybody of the oligarchs buy it either. And they don't care about it. We're going to take a short commercial break. Make sure you get to Philip Patrick directly. Just take your phone at text Bannon B A n n o n 989-898 all the information Birch Gold gives you, all of it from the articles to the handbooks to the end of the dollar empire. All the information is 100% totally free and there's no obligation for nothing else. Go find out how the world works. You get the end of the dollar empire. You will come away a lot wiser about how this, how the man made systems in this world, particularly around the economy and finance, how they intermesh and how they work and how the US currency underpins all, all of that. Short commercial break. We're here with Philip Patrick. Make sure you make contact with him over the weekend or next week. It'll be a an experience that may become your still point in a turning world. Philip Patrick next, Jeff Clark on deck in the war room October 15th or as we say in the war room, the 15th of October. As we head towards that date, that's the extension deadline for the irs. Here's something most Americans do not realize. The IRS already has a file on you every W2, every 1099. Every piece of tax information that's been reported to the government is sitting in what's called your IRS master file. The question is, do you know what's in it before you file your return? That's why I want you to check out our friends at Tax Network usa. They'll pull out your official IRS master file before your return is prepared so that you can see exactly what the IRS already has on the record. If you filed an October 15th extension. You can get your federal tax return repaired plus your IRS file pulled for just 49 bucks. And if you're self employed, received 1099 income or own a business, they'll review your IRS file and prepare your federal tax return for just $300. This special offer can save you hundreds of dollars while helping you file with confidence. Before the extension deadline, call 866-513-5516, that's 866-513-5516 or visit tnusa.combannon that's tnusa.combannon for this special pricing. That's again TN USA.combannon remember, they can pull the file for 49 and then file your return for 300 bucks. Do not miss this special offer. Take advantage of it today. War room. Here's your host, Stephen K. Band. Okay, Philip Patrick, let me take the bricks. Are people sharing saying the bricks nation? Was it Brazil, Russia, India, China, South Africa and others because they've all joined up. Many of these are the enemies of the United States. Some of them are quasi allies of the United States. But all of them got smart people. And as we're nationalists and put America first, they should definitely put their nations first. There is an argument of what some of the BRICS nations trying to do in talking about ambassador currencies, why they've seen kind of a rolling devaluation on the drop of the purchasing power of the dollar. That happens to be a fact. So you can't fault them for that. Although many of those nations led by the Chinese Communist Party do not have the goodwill of the United States and intention of Brazil either. So it's an issue. But Philip, Patrick, I might argue from the BRICS perspective, we're in Iran right now. We're in the Persian Gulf. We're all worried about Hormuz and we're intervening to bail out the Japanese. Not because we love the Japanese and not because we care about the Persians or we care about the Omanis or we care about the Saudis or we care about Qatar. What we care about is all of their ability to support the United States dollar as the prime reserve currency. And that's manifested in buying good old US securities, which Scott Bessen has to sell a grunch of trillions of dollars. Remember that $40 trillion deficit, about 8 to $10 trillion a year minimum has to be refinanced. Your thoughts, sir?
- [18:27]
C
Yeah. First of all, I think it was a masterstroke from Besson. There's huge pressure, as we know on borrowing rates here in the United States. And this move was not one to support the Japanese economy. By the way, I love how he ceded it to the press with his to do list by 5 to 10 billion dollars in Japanese yen. It was fantastic.
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A
Hang on, hang on, hang on, hang on, Phil. Patrick, are you telling me that. Are you implying that Scott may have done that as knowing that a prying media jumping in there at Camp David into the cabinet room might have just done the pre marketing for the. For the whole effort? Sir, I wouldn't.
- [19:09]
C
I would never suggest that. I'm sure it was just an honest mistake, Steve, but it worked out perfectly. But look, as you rightly point out, the premise of this was not to help our friends in Japan. Of course, that was a byproduct of it. But the real driver was that the Japanese happened to be the largest foreign owner of federal government debt. It's about 1.14 trillion worth today. Japan needed essentially dollar. We know what's happening to the yen's value. It's plummeting. And essentially they needed dollar reserves to defend the yen's value. Traditionally, what they would have done is raise that by selling some of their. Right now, that's exactly what we do not need. As we've said a couple of times, borrowing costs now at the highest levels they have been since 2007. We are borrowing an enormous amount of money every single business day. So the last thing we need is one of our biggest customers essentially becoming a forced seller. So Bessant found another route. Essentially, he bought Japanese yen using euro reserves that we held as opposed to using US Dollars, essentially the product to push the euro down and the yen up and ultimately didn't force the Japanese to sell US Debt. So it was a very, very smart move. But I think it shows you what a balancing act Scott Bessen has to do. I think we have $1.4 trillion of new debt over the next six months. This is just mounting at an astronomical pace. He's been moving a ton of it to the shorter term. About 20% of debt now has moved to the shorter end of the yield. But this is a massive balanc. But this was a very, very smart move from Besson, and we shouldn't be surprised by that at this point.
- [21:01]
A
You know, I say that we're a highly leveraged bet with another highly leveraged bet on. I put on top of the corporate debt that mass productivity increases without concomitant layoffs in stem. Hey, I'm from Missouri on this one. You got to show me that on top of that, we're sitting on $300 trillion roughly, kind of rounded up $300 trillion of debt, but of everything all over the world. And I keep saying, hey, if things come unglued and we have basically a margin call on that, people are going to have hell to pay. This is why I tell right now, go get all the information. In the middle of a crisis, you can't make decisions. What Scott said about the Japanese situation is very telling. He says, we want to deal with an emergency which is both Argentina and in Japan, before they get to crises. You and the audience have got to get ahead of this. You have to understand when Scott Besson's talking, one of our contributors that was here for years, you have to understand, you have to be smart enough yourself not to take the interpretation of some Wall street person that's trying to sell you something, but to understand it yourself. This is why for five years, six years, we partnered with Birch Gold. When gold was about, I don't know, a thousand bucks, eleven hundred bucks an ounce went up over five thousand, over four thousand a day. The daily price ain't the point. It is what under. It's what are the driving converging forces underneath that. You know how you learned it. Go to birchgold.com ban and end of the Dollar Empire eight free installments online. If you want the hard copy, put your name in seven free installments on that. Some people want the hard copy. Go on, get the online version. You can print it out if you want. Also, a ninth free installment's coming. We're working on it. As I said, I'm just finishing up the graphics, but you get to talk to Philip Patrick and the team. An educated investor is the best investor that Birch Gold can ever have. And they go out of their way with all this information, all of it free. No obligation to buy. Philip Patrick tell people where do they go and then how they interact with you and your team.
- [23:08]
C
Very simple. It's birchgold.com Bannon or they can text Bannon to 989-9898. Get access to a litany of free information. End of the Dollar Empire reports one through eight nines coming soon. We have a guide on how and why to invest in precious metals in the current climate. So birchgold.com Bannon from there, if they want to learn any more, they're going to have access to myself, a lot of specialists like myself, we are there to guide them through, to answer questions, to hold hands and make sure people are comfortable. And ultimately, if and when they we can help to facilitate everything start to finish. So birchgold.com forward/bannon and just get the information.
- [23:58]
A
Thank you sir. Appreciate you particularly appreciate your time. Take your time on a Saturday to join us. Appreciate you Birch Gold. Do it now. Thank you sir. We'll get back to that one. Mark Beal's going to join us about artificial intelligence. I'll join it. Clark. Jeff Clark's with us. Jeff, I know you Oversight. We got a lot to report, some great things happening. But I want to go back to Main Justice. I want to go to doj. Why this thing was such a tractor pole to get Todd Blanche approved in President Trump's first term. Just describe Main justice, how it works, why the billet of Attorney General and the people that report directly to him are so important. What were your billets in that first term? And talk to us about the importance of having Main justice aligned with the priorities of the President of the United States, sir.
- [24:52]
D
Sure, Steve, and always good to be here. Look, DOJ is a meta agency. There are no agencies that really these days, especially after the big slaughter decision from the Supreme Court that are going to be running their own show in litigation. It's the Attorney General who runs the litigation for the United States. So if you can control all the litigation positions of the United States, that is a huge responsibility. It makes that Cabinet office particularly important. I think on the financial side, OMB and Treasury are the meta agencies. Right. As you've just been talking about. And so look what did I have? I had the environment division, 400 lawyers and then the Civil Division, a thousand lawyers. There are thousands of lawyers at the Justice Department. Main justice is the central mind, the hub of all of the activity for the justice department, including the 90 plus U.S. attorneys offices around the country. But they have to take their lead from Main justice and their legal positions that are taken across the United States have to be consistent. So that's what the Attorney General does, that's what the Deputy Attorney General does. That's what the Solicitor General does by conforming everything to the positions that are taken in the Supreme Court. So you know, this effort to try to hold up Todd Blanche, especially when there are various Republican senators who voted to confirm Merrick Garland of all things, is just mystifying to me. Steve,
- [26:22]
A
I want to go to something. You know, Scott Bessant, the Treasury Secretary was on here the other day and said one of the reasons for the true economic growth we're seeing just below the surface, but the real powerful economic growth growth, he said a Lot of that's coming from what Lee Zeldin is doing over epa. And then when I was talking to Scott, he said that was predicated upon a lot of work that you did in the first term that obviously the Biden guys reverse right away. Talk to me about that. Tell me about your work in the first term on the environmental side. Why is that so important for unshackling the power and what you're seeing Lee Zeldin do now in the second term of unshackling the power of the American economy?
- [26:58]
D
Sure. Well, Steve, the environmental laws maybe not as well known to the American populace as it should be. They run through the entire national economy. There are few agencies that have the power to regulate the entirety of the national economy. But because, you know, releasing emissions to the air, the land and the water are so ubiquitous, the Environmental Protection Agencies power levels are huge. And the Environment division at the Justice Department, which are the folks who are then controlling what the litigation positions are that I'm talking about, has not just as a client agency, epa, but also the Interior Department. Right. Which is running our federal lands and USDA's Forest Service, which runs all the national forest operations, the NOAA agency that is regulating our oceans. I mean, you name it. If you look at the environmental areas, the ability to affect the gross domestic product that is reposed in the environmental laws is huge. It's off the charts.
- [28:03]
A
What Scott Bessen said is that the progressives had used environmental law to de industrialize the United States of America. And that got to be. That started to be reversed in President Trump's first term. The tip of the spear was Jeff Clark over at Main Justice. Tip of the spear now, Lee Zeldin. That's the importance of making sure you don't lose midterms, that you continue to hold the House and the Senate. The deindustrialization of this nation reversed under President Donald John Trump. Jeff Clark's got a lot more victories over at the oversight project. He's gonna stick with us. Next in the war room. Feels like our country finally has momentum again with our leaders fighting to restore common sense in America first. But we've seen this before. Conservatives get comfortable and the left starts taking background inch by inch. We cannot let that happen in these midterms. America needs every one of us in the fight, and a big part of that means supporting companies that actually stand for our values. That's why I'm proud to partner with Patriot Mobile. Patriot Mobile gives you premium priority nationwide service on any of the three major US Networks. So you get the coverage you need, plus unlimited data plans, mobile hotspots, international roaming, and 100% US based customer support. Switching is easy. Keep your phone, keep your number and activate in minutes. But paper Patriot Mobile is so much more than a great wireless service. They built a growing movement of America's defending faith, faith, family, freedom and the future of this country by donating millions every year to organizations fighting for our freedoms. Go to patriotmobile.com bannon or call 972 Patriot. Use promo code Bannon for a free month of service. That's patriotmobile.com bannon or call 972 Patriot to make the switch today.
- [30:07]
C
War Room.
- [30:07]
A
Here's your host, Stephen K. Ban. So, Jeff, you were one of the best guys we had in the first term. Second term you've been a hammer. You're over omb. Now it's your oversight project. Walk me through my cal you the oversight project. The Heritage is a kind of one of the groups that Heritage has kind of sponsored. What is your task and purpose there? Why is Jeff Clark at Oversight? And then I want to talk about this, what you just did on this stopping the redistricting fight, sir.
- [30:44]
D
So our task and purpose is to be aggressive and to bring aggressive litigation to represent the interests of the American people. Steve. So, you know, recently we got the, the Joe Biden ghostwriter tapes out and I was watching the left try to react to that. The best thing they could come up with was that, oh, this was like a misdirection play. Joe Biden just wanted to get conservatives on the record saying that, you know, this information should come out so they could get access to volume two of the Jack Smith Report down in Florida. That's about the most stupidest thing I've ever heard. I mean, the Biden's lawyers were instructed to and did fight us tooth and nail on that. We beat them and we've shown that Joe Biden was senile back in 2017, 20.
- [31:34]
A
But he also, but when you say see now there was incredible amount. The beauty of what you there was so much highly classified information that he lied about. I mean, are you an advocate? I think you are. I think. Are you an advocate? Because listen, we're not gonna clean this mess up unless we start holding people accountable. Should he be prosecuted because they bald face lied and her even kind of lied and I think he ought to be held accountable for highly classified information of which they went down and tried to roll up Trump and came up with all these phony felony charges. And remember, with Trump's team, they were gonna throw the lawyers in jail. Christina, Bob, the other lawyers they had, they were gonna throw them in jail, all wrapped up in this phony, you know, security, you know, classified information in what you guys exposed in Biden is not that he's senile, not that he's a hapless old man. It's the highly classified information that is on those tapes. So what are we going to do for accountability on that?
- [32:38]
D
So, look, you know, Steve, I think it illustrated both. Both that he was losing it never should have been put up for president, and that he mishandled classified information and violated the Espionage Act. He should have to forfeit all of the 8 million dol. Million profits from his book and anything else he got as a result of that. I think he should be prosecuted, and I think Mark Zwanitzer, the ghostwriter, should be prosecuted, especially for obstruction of justice. Because the tapes he made with Joe Biden where there are disclosures of classified information all over the place, and I've already covered that on your show. He deleted that from his laptop. And then Robert Hurt gave him a free pass for that and said, well, you know, he said that, you know, he was kind of sorry for it. And then we were able to recover the information from the laptop anyway. So kind of no harm, no foul. That's not the way it works. Mark Zwanzer did not have a clearance, so that's a violation of law. And then he tried to destroy the evidence of the fact that he got classified information. That's a double crime. So there should be those prosecutions. I haven't seen any indication that Robert her has done anything that was criminal, Steve. But what I would say is that the idea that he gave Joe Biden a total free pass and that he gave Mark Swanitzer a free pass is. Is remarkable. There should definitely be politically oriented consequences for that. For Robert her, who I think was just the handmaiden of the Biden administration on that whole investigation.
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A
Well, this is why. This is why people are so frustrated, is that establishment Republicans is her kind of, you know, manifest. Why is it? And this is one of the reasons, quite frankly, we have such a tough time staffing all the U.S. attorneys who need to be fighters main justice. There are very few people like yourself that will. That will have the courage to be in the line of fire where they're mocking you every day, ridiculing you every day, making sure you can't go back to a major law firm as a partner and make real money. They try to take your bar License. I mean you've been under the gun, but you kind of epitomize what they've trying to do to people that stand up and Hur represents the other. They're just going to play along. How do we get a new generation of lawyers like yourself that are not in the Robert Hur mold, that just want to go along? And what we've heard with Rod Rosenstein, some of these disclosures, it's shocking. So how do we do that, sir? How do we get more MAGA warriors like your type when kids are going to look young people going to law school and say, hey, Clark was a partner at Kirkland and Ellis might have run the firm. One day he goes to Main justice who's really supposed to take you to be on the management committee. And guess what? He ain't there anymore. And they look around, they go, I don't even see these people at the conservative law firms. They're not hiring him. So what do we got to do to make sure that we can get a new generation of lawyers and just tell them, hey, you're going to have a career when your time in service at Main justice or as a U.S. attorney is over, sir?
- [35:42]
D
Well, Steve, you know, sadly, I don't think there's any super quick fix to that. Right. We're talking about something that, you know, starts with the culture, starts with religion, starts with the family. And so, you know, if people don't have those values, then you can't just give them a one day course and then they're, they're ready to go. So I will tell you that the young people that I meet, especially through American Moment, which is really trying to cultivate the harder core young people to get into the fight and turn things around, they encourage me and they do indicate to me that they want to be tough. They obviously are at a much more junior level of their careers. In fact, tomorrow I'm actually speaking to them, giving a lecture to them. And so they keep inviting me back because I think they're, they want to get people in who are hardcore like that. The problem is that there are too many people maybe of my generation. So, you know, it's a failing for my generation, your generation, Steve, that do, they're just, you know, interested kind of in the money and in getting along, going along. And I think another part of the problem, Steve, is that the people who are in presidential personnel offices for Republicans, they need to search for this, this intestinal fortitude. They can't just expect that people will have it. Otherwise you wind up with people at the opposite end of the spectrum like Cassidy Hutchinson, who as soon as some pressure comes are going to start telling complete bald faced lies to try to bring down the president of the United States.
- [37:15]
A
Boy, Cassie Hutchins, somebody else I notice hadn't been prosecuted. Just as an aside, talk to me about what you stopped in Maryland, what the oversight project stopped with this BS redistricting. Tell me, walk me through it.
- [37:28]
D
Well, we're in the first stages of trying to stop Steve. So Governor West Moore in Maryland, as part of these Democrat redistricting efforts and a response to the Supreme Court Calais decision in which race based gerrymandering was deemed ruled unconstitutional, he called a special session which at the time he called it was already late. And then the outcome of that three day super rush process was to put for November of constitutional referendum on the ballot that will allow Maryland to redraw its federal congressional districts. And what are they aiming at? They're aiming at taking out Andy Harris, the representative of the Eastern Shore, the last Republican left, so that they can have an 8, 0 democrat map gerrymandered in Maryland. And so we brought suit, we filed yesterday and we're seeking a preliminary injunction. We'll be filing that very soon to block this redistricting. Why? Because it was completely late this same session of the legislature on a bipartisan basis, statutes were passed that said if you're going to put these constitutional referenda in front of people, you got to do it, you know, and give notice of it by July 1st. But the special session didn't start until August 3rd. And so it's way late. It's totally unlawful. And in order to try to sanitize it, even though this isn't the way the constitutional process works in Maryland, they hold out Governor Moore, they had him sign it. And this is not the kind of thing that gets signed. It's just legislative action with super majorities in both houses in Maryland. And then they had him give a press conference. So we are hopeful that we are going to bring this down. Much like the Virginia redistricting effort of Abigail Spanberger was brought down. This is the Maryland counterpart to that litigation. Steve.
- [39:31]
A
Jeff, before we go, I want just to reiterate the torture you went through for being in main justice serving President Trump, doing such a great job to stop the deindustrialization of this nation. When you hit it up environmental, of course they gave you all kind of other billets at the end. But for you to step up and say the 2020 election was stolen and you've got to be very heartened with what's happened lately, except for we ain't prosecuted anybody yet. What happened to you? How did they just give me a minute or two for this audience of how they tried to destroy Jeff Clark, who stood in the breach with President Trump, the MAGA movement and for this country, sir.
- [40:12]
D
Sure, Steve. So it started with anonymous leaks of Oval Office conversations and main justice conversations on the fifth floor to the New York Times, to a reporter that used to work for a communist outfit in China, Katie Benner. And that was clear breach of all kinds of privileges, executive privilege, law enforcement privilege, lawyer client privilege, privilege. Then that, you know, canceled out my efforts to return to big law that's, you know, itself cost millions of dollars in terms of foregone income. Then, you know, they sent the Oversight Committee in the House against me, then the Senate Judiciary committee, then the January 6th committee, then the DC Bar, then Fani Willis indicted me, then Jack Smith called me unindicted co conspirator number four in his D.C. indictment. So there is more litigation I've had to defend against. All of it has been fended off at this point. And, you know, trying to recover against Fani Willis operation down in Georgia, although that's slowed down. There's only one thing left, and that's the DC Bar. The DC Bar is still trying to take my license. That process has entered its sixth year and also this year, Steve, to call out my, my friend and, and colleague in the law, John Eastman. They disbarred him in California. He is gearing up to ask the Supreme Court to take his case. We at the Oversight Project are going to support that with our own amicus brief. We want to see that reversed. And we're hopeful that if the Supreme Court does that, we can end this bar fare and lawfare because all of the people associated with President Trump who showed any kind of gumption and intestinal fortitude, they were targeted for destruction by the Democrats, by Norm Eisen, by David brock and the 65 Project. Steve,
- [42:02]
A
you know, when you came into the government, you were a partner, I think one of the youngest partners in the history of Kirkland Ellis, one of the most powerful law firms in the world. You were pretty cocky. You know, you'd gone to Harvard College. You had the greatest education, you were a brilliant guy. You obviously, among your peers, were so highly thought of. Then you went through the, you went through, like, job. You went through it, you went through the shredder. What did you find out about yourself in that process?
- [42:32]
D
Well, I was not one of the youngest partners at Kirkland. I was one of the youngest or maybe the youngest deputy assistant attorney general in DOJ's history. But you're right, that gives you kind of, you know, at least there's pressure, positive pressure upwards on your ego when you're in that kind of spot. What I've learned is that, you know, money is, is something, status is something, reputation is something. But at the end of the day you have to stand after time is over before God and give an account of your life. And that's, you know, and you have to be able to do that with your family too. Those are the most important things. That's the kinds of things I think that we're losing in the country. And that's why we see, you know, people who will, as soon as the pressure comes, they fade. Right? It's like the parable of, you know, falling on rocky soil, etc. So what, what I learned is, you know, I don't put this all on myself. I think it's because God has helped. And so to me it's a story of God still trying to save America. We have to turn to him and we have to repent of any of our own sins and then he can heal the nation. Steve, that's really what I've learned.
- [43:43]
A
Learn. Clark, hang over one second. I want to make sure people have all your touch points. Short commercial break. Mark Beal is going to join us next after Jeff Clark punches. And we're going to talk about an extraordinary 4,872 hours in the world of artificial intelligence in the singularity. Next in the world. You know, just a few years ago if you told someone you were saying stocking up on emergency food, they would have called you a tinfoil hat. Conspiracy theorists. Not anymore. We've all seen supply chain chaos, devastating natural disasters, inflation, war, civil run rest and preparedness has gone mainstream. That's why we're so excited to partner with my Patriot Supply, America's original Patriot preparedness company. Right now they're celebrating America to America's 250 with one of the best deals they've ever offered. $250 off their best selling six month food supply available now at preparewithbannon.com that is a home page they gave us just for the war and posse. Preparewithbanded.com this is the exact same survival brand trusted by over 3 million American families. Now why is that? Because they deliver 2,000 calories a day. Their food lasts up to 25 years without have refrigeration and it contains no, I repeat, no GMOs or artificial colors or artificial flavors. And you can count on it to keep your family fed no matter what the emergency is. Even at full price, it's still the best decision you'll make for your family with a 250 discount. It's a no brainer. Go to our own homepage with my patriot supply, that is preparewithband.com to get your emergency food kit today. That's preparewithbannon.com do it and do it today. War room.
- [45:35]
C
Here's your host, Stephen K. Band.
- [45:39]
A
You know, so many of the people that we have on here as contributors and guests and all that could do other things and make so much more money and just have an easier, a more frictionless life. And that's why so that's why I love doing the show and providing this platform. And like I said, I got the easiest job in the world. I just cut the mic on and have the best people in America and the world come on here and talk about their fight. Of all that in that pantheon, Jeff Clark is near the top. He's been through hell and still not quite through it. But he could have done every other thing but he didn't. He knew what was right and he stuck to his guns. And that's the quality that stick to it in this and courage and being indefatigable. Grit, steadfastness, everything we call it is the greatest attribute you have because it's upon that attribute that everything else rests. Jeff Clark, you're a hero. Not just this show. You're beloved by this audience. Where do people catch up with you? Stay on top of your work and keep up with your daily activities.
- [46:40]
D
Thank you, Steve. That's very heartwarming coming from you and the audience. So people can follow me at jeffclark us on X& on getter and then truth Social. It is real. Jeff Clark. And then you should definitely follow the activities of the oversight project. We're really, you know, kicking ass and taking off and that's itsyourgov.org its Y-O-U r g o v.org
- [47:11]
A
no the oversight Mike Cal, the guy that founded over Heritage yourself. Nothing but fighters. Thank you brother. Thank you for taking a Saturday morning and joining us.
- [47:21]
D
Thank you Steve.
- [47:24]
A
Another guy fits his description is Mark Beale ahead of the AI Policy network could do so much other could go work for the oligarchs of which they want to hire all the people that are opposing them because of the best out there. Pound for pound mark, I've got about five or six minutes here. We're going to go to break in the top of the hour. I got a bigger segment but the last 72 hours, I, I, I is reinforced to me the last five or six years and we got Joe Allen on here and put all these resources and had this fight that not only we're on the right side of this, we're on the right side of this before it happens at the right moment when you need to be the containment story that gets deeper and deeper and scarier every day. The Axios story where the heads of the Frontier labs are all talking to Axios about we're approaching the singularity if we're not already in the beginning stages of it. And then the story, you know, and they also say the biggest fear they have is the pathogen fear and the coming out. Right on top of that is what happened at Stanford University where I think they've created at least one, but I think a suite of 16 viruses, pathogens that have never been, that are not from nature. The last 72 hours has just been a blockbuster about yes, the potential, but also the danger that's in our face right now of out of control artificial intelligence. Your thoughts, sir?
- [48:55]
E
The science fiction movie is no longer a science fiction movie. It's here time now. We have AI agents of untold numbers. We have no idea how many of them roaming around the Internet committing felonies, breaking into other people's companies, social engineering attacks on other human beings. And the response from D.C. has been a little muted. It's a little shocking to me that these things are now happening in the government hasn't sort of been a more assertive actor in some of this stuff. But clearly we are in a new paradigm now. I'm sure you probably saw that 1300 or so of these company employees signed a letter urging the government to work with them on an international way to like basically pace AI development so these companies can be relieved of some of the competitive pressure and take the time that they need to do the safety and security pieces. Of course we're going to need to talk to the Chinese about that because America can't do that unilaterally. But there's going to be, this is a growing issue of importance. It's going to be probably top of mind for the President when she visits D.C. in next month on September 24th. And there's a lot of policy work that has to happen against the backdrop of this technology moving incredibly fast.
- [50:07]
A
But you know, there's, I think it was on. I think it was Jake Sherman's interview yesterday with the President. He's sitting there going about the controls because I think he's totally misinformed by the people around him. And I hold this. I hold the people around him for accountable. He doesn't seem. He doesn't. I don't think quite understands or at the level of. Of how dangerous we are in this. Like you said the last 72 hours, it's these. The agentic AI is out creating felonies. Think about that. Creating felonies all the time. And the scary thing, when you look at this containment story, the more we peel back layer by layer and more people are coming out, the depth of what artificial intelligence did to break containment and to hide it from their human overlords is breathtaking. I mean, even if you just have a basic understanding of it, what it did, the hundreds of thousands of moves it had to make, it was essentially, I think, almost like conscience, conscious of the fact that they didn't want the humans. In fact, they were trying to avoid the humans. I mean, what are your thoughts on that? Because we're now. This is accelerating at an accelerating rate, and very quickly, you're not going to have the option. You're not going to have the option to control it, sir.
- [51:28]
E
I mean, you're right. I mean, this thing is moving so fast. And, you know, the war room posse and you, Steve, have been outspoken on this issue for a number of years now. And I think a lot of people were able to sort of say, well, no, that stuff is theoretical. It's probably not going to happen. Well, now here it is happening as predicted and looking around the corner, if the, if the government doesn't get a little more assertive in this, you know, I could. You could see a whole potential set of horrible things, horrible outcomes that is going to. Going to set us back even further on the innovation side if we don't get our arms around this immediately. You know, I think the President has an ace in the hole in his. Secretary of the Treasury, Mr. Bessant, is clearly tracking a lot of this, a lot of these issues. Of course, he's got a lot on his agenda in terms of economics. Economics. But, you know, this. This is one that he saw with Mythos back in April when he. When Mythos could empty out bank accounts. He saw the threat to American financial institutions and took coordinated action. And now the big thing looking around the corner for the posse to understand is that these companies are on the verge of a process called recursive Self improvement. And that's a process by which the AI then makes the next version.
- [52:35]
A
I'm gonna leave a cliffhanger. I'm gonna leave a cliffhanger because you're gonna stick around and be with us through the break. The machine itself can improve itself without any human interactions. In fact, I would argue if you actually look what's happening. They don't want human interaction. We get all. Mark Beale, president of AI Policy Network. We had Philip Patrick on here just one more time. Birchgold. Make sure you go. They'll answer all your questions. Spend as much time as you want. An informed customer, an informed investor is the best investor. Make sure you go to. I tell you the easiest way to do is take your phone out, text Bannon B A N N O N. 989-898. Get access to all the information free. No obligation from Birch Gold. And you get contact with Philip Patrick and his team. Short break. 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.