Summary of WarRoom Battleground EP 734: Gold Futures Surpass $3,100

Release Date: March 27, 2025
Host: WarRoom.org (Stephen K. Bannon)
Guests: Philip Patrick, Scott Besson

1. Introduction: Economic and Geopolitical Turmoil

Steve Bannon opens the episode with a fervent critique of the current political and media landscape, expressing frustration with what he perceives as a dying regime and dishonesty from major networks. He emphasizes the importance of national purpose and saving the country, setting a tone of urgency and resistance against prevailing narratives.
Quote: “If that answer is to save my country, this country will be saved.” [00:16]

2. Surge in Gold Prices and Market Predictions

Philip Patrick discusses the significant rise in gold prices, which have been hitting all-time highs repeatedly. He highlights recent announcements, including President Trump's 25% tariffs and upcoming reciprocity tariffs targeting nations like India, Canada, and EU allies. Patrick connects these economic measures to impacts on global currency and capital markets, particularly emphasizing gold as a safe-haven asset.
Quote: “Gold is as a hedge and been a store of value.” [01:00]

Scott Besson corroborates these points, noting that major investment banks like Goldman Sachs and JP Morgan have raised their gold price predictions, anticipating gold to surpass $3,300 by year-end. He attributes this surge to two primary factors: geopolitical uncertainties (especially surrounding April 2nd events) and increased central bank gold purchases. Besson elaborates on how central banks are rapidly accumulating gold to meet reserve targets, shifting away from reliance on the US dollar.
Quote: “Now, it’s the safest of safe haven assets. And central banks around the world clearly agree.” [07:20]

3. Impact of Tariffs and Trade Policies

Steve Bannon delves into President Trump’s aggressive tariff strategies aimed at rectifying long-standing trade imbalances. He predicts that these tariffs will shock global markets and drive significant movements in gold prices. Bannon underscores the dire state of the US balance sheet, citing a pessimistic Moody's report projecting debt-to-GDP ratios of 130-140%. He argues that unless Congress and the executive branch curb spending, the economic outlook remains bleak.
Quote: “It’s going to be the end of the dollar empire.” [11:07]

4. Debt Crisis and Moody’s Prognosis

Scott Besson further explores the implications of the Moody’s report, which warns of unsustainable debt levels and potential defaults. He explains that the lack of fiscal discipline has eroded trust in the US dollar, prompting countries like China and Russia to seek alternatives. Besson emphasizes that this debt predicament is unprecedented and highlights President Trump’s role in recognizing and attempting to address these financial challenges.
Quote: “President Trump does. He understands that losing global reserve currency status would be like losing a war.” [12:11]

5. BRICS and the Shift Away from the US Dollar

The discussion shifts to the BRICS nations (Brazil, Russia, India, China, South Africa) and their efforts to de-dollarize their economies. Steve Bannon criticizes the globalist agenda and lauds President Trump’s tough stance on imposing heavy tariffs on BRICS members, aiming to disrupt their attempts to create a currency basket backed by gold. Bannon contends that such measures are crucial to maintaining the dominance of the US dollar.
Quote: “We know history shows us that there’s one safe thing. We’re just going to buy gold and sit on it.” [17:27]

Scott Besson agrees, pointing out that actions like freezing Russia’s central bank assets have fundamentally altered how reserve managers view asset safety. He asserts that China and Russia recognize the diminishing power of the US dollar and are capitalizing on opportunities to bolster their own gold reserves and reduce dependency on the dollar.
Quote: “If I’m China, if I’m Russia, it doesn’t make logical sense for me to hold large portions of my nation’s wealth in dollars.” [14:06]

6. US Political Landscape and Elections

Steve Bannon touches on the internal political battles within the US, particularly focusing on election integrity and the upcoming elections. He discusses President Trump’s efforts to secure key electoral seats, such as Florida’s 6th district, and the challenges posed by Republican figures like Elise Stefanik. Bannon emphasizes the necessity of maintaining strong political alliances to effectively combat global economic threats.
Quote: “We have to win Florida 6. We must win Florida 6.” [48:52]

7. University Radicalization and Immigration Issues

The conversation shifts to the influence of neo-Marxist ideologies on American universities. Steve Bannon argues that public Ivies are breeding grounds for radicalism, advocating for the removal of radical faculty and administrative staff to preserve academic integrity and national security. He also criticizes the influx of foreign students who, according to him, may be participating in disruptive activities, suggesting stricter immigration controls and faster deportation processes for those who cause issues.
Quote: “They’ve been radicalized. Let’s purge the faculty lounge and the administration.” [44:35]

8. Election Integrity and Fairness

Philip Patrick defends President Trump's executive orders aimed at ensuring election integrity, asserting that they are receiving substantial support on the ground despite opposition from major media outlets like Fox News. He highlights the positive outcomes in several states where these measures have been implemented, promoting them as pivotal for fair and secure elections.
Quote: “These are helping us on the ground. So God bless our great president.” [48:52]

9. Conclusion: Preparing for Economic Uncertainties

In closing, Steve Bannon reiterates the critical nature of the economic and geopolitical battles discussed. He urges listeners to stay informed and prepared, particularly by investing in gold as a hedge against the unstable financial future. Bannon emphasizes the importance of supporting President Trump’s initiatives to safeguard the US economy and maintain its global standing.
Quote: “Clearly others are heeding this advice as gold hit an all-time high the first part of 2025 multiple times.” [21:57]

Key Takeaways

• Gold as a Safe Haven: Gold prices are surging due to geopolitical uncertainties and increased central bank purchases, with major financial institutions predicting further growth.

• US Debt Crisis: Moody's report highlights a precarious debt-to-GDP ratio, raising concerns about the sustainability of the US economy and the dominance of the dollar.

• Global Shift Away from the Dollar: BRICS nations are actively seeking alternatives to the US dollar, driven by actions like the freezing of Russia’s central bank assets.

• Political Strategies: President Trump’s aggressive tariffs and election integrity measures are central to the discussion, aimed at restoring economic balance and ensuring fair elections.

• University Radicalization: There is a call to purge neo-Marxist ideologies from public Ivies and enforce stricter immigration controls to protect national interests.

Notable Quotes

• Steve Bannon: “If that answer is to save my country, this country will be saved.” [00:16]

• Scott Besson: “President Trump does. He understands that losing global reserve currency status would be like losing a war.” [12:11]

• Steve Bannon: “We know history shows us that there’s one safe thing. We’re just going to buy gold and sit on it.” [17:27]

• Philip Patrick: “These are helping us on the ground. So God bless our great president.” [48:52]

Note: Advertisements and promotional segments within the episode have been excluded from this summary to focus on the core discussions and analyses presented by the hosts and guests.