
WarRoom Battleground EP 734: Gold Futures Surpass 3100 Dollars...
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Steve Bannon
This is the primal scream of a dying regime. Pray for our enemies because we're going medieval on these people. Christians I got a free shot. All these networks lying about the people. The people have had a belly. 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.
Philip Patrick
WAR ROOM here's your host.
Steve Bannon
STEPHEN K. Band Foreign It's Thursday the 27th of March in the year for our Lord 2025. Thank you for the attending the second hour of our late afternoon early evening edition of the War Room. Philip Patrick is with us. PHILIP Wild day in politics, wild day in geopolitics, national security, capital markets and particularly gold. Yesterday we had President Trump announcing the 25% tariffs. Liberation Day is next Wednesday the second where he's going to he says that he is planning on announcing reciprocity of tariffs to all nations on the earth and that will come as quite a surprise to people. Some of the nations like India, Canada, others of our allies, EU have been taking real advantage of this country for a long time and he, you know, he's going to set things right. That is rolling over into the world's currency markets, the world's capital markets, but particularly gold. The question people keep asking me constantly and that's why I'm so glad and people should know during the trading day it's very hard for Philip to get away from the desk walks. Why does gold appear to be hitting an all time high every couple of days yet reports out today from Goldman Sachs to JP Morgan are talking about and gold futures. Plus these reports that are talking about gold having this is not birch gold. These are major investment banks, money center, money center, commercial banks, the top hedge funds in the world. They own their own prop trading operations and they always look as gold as a hedge in these prop trading. They're pointing towards pretty significant movements in gold for the rest of this year into next year.
Scott Besson
Sir yeah, you're absolutely correct. It started with Goldman Sachs, but investment banks have all been raising their predictions for gold. Goldman Sachs raised it to 3,300 by the year's end, up from 3,100. And this is on the back of gold growing 36% over the last 12 months, two big factors driving this increase in gold prices and gold predictions. One you've mentioned already in a roundabout way and that is uncertain. Nobody knows exactly what's going to happen on April 2nd. And investors know that during unsettled time, gold offers unparalleled security. So there's a move in that direction. The second driver and I think the bigger of the two, Central Bank Gold buying three consecutive years of over 1000 tons added to central bank gold reserves. And then we've seen a pickup in that since the election, I think. Amid heightened uncertainty now on US Trade polic China along with other central banks are rapidly accumulating gold. They're saying for another three to six years to hit their desired gold reserve allocation targets. Most central banks around the world on average keep about 15% of reserves in gold. China at least publicly only have 4%. So they've got a lot of catching up to do there. But as I mentioned at the beginning, Goldman and all, Double Line, Capital Society, General UBS, all predict gold over 4,000 over the next two years. And on Tuesday, bank of America raised their year end production prediction, sorry, to 3,300. Their analysts cited investor demand, central bank demand, but also the fact that China's insurance industry is now getting pressured by regulators to buy more gold. Obviously there's a squeeze on them and gold is the safest of safe haven assets. Something mentioned in Goldman's report that could put a short term squeeze on gold prices is a potential Russia, Ukraine peace agreement. But they didn't expect it to have long lasting impacts. There were some interesting things that they mentioned on supply and demand though. On the supply side they said sanctions, you know, sort of lifting the sanctions on Russian produced gold probably will not materially increase supply because that gold's already hitting the markets through rerouting. The interesting part that they said was on the demand side, they said the precedent set by the 2022 freezing of Russia's central bank assets has structurally shifted how reserve managers think about asset safety. That for me was the big concept here. This is what we've been talking about for the last three years. And central bank investment banks, sorry now appear to be catching on. Look, in 2022, when Biden weaponized the dollar and froze Russia's reserves, he essentially created another dimension of risk that really hadn't existed before in a meaningful way. And it immediately led to an astonishing increase in central bank gold buying that quite frankly hasn't let up since. But I think what ultimately has happened is this historic correlation between Real. And after inflation, yields on cash and gold price has just broken down. Right? Before this shift, investors only really own gold when they were really worried about inflation, right? But when holding dollars was still profitable after that bout of inflation, they switched back from gold to dollars. And this dynamic held for about 50 years. What we're seeing now is a global shift in what really qualifies as a safe haven asset, a shift away from dollars towards gold. Look, trusting faith in the US dollar, like anything broken, is much easier to shatter than to repair. It took 200 years for us to secure global reserve currency status and Biden squandered that in a day. And what we're seeing now is the fallout from those decisions. And it's things like this that are making President Trump's job, particularly when it comes to the economy, very, very difficult.
Steve Bannon
This is why we started a couple of years ago when we first Birch first came as a sponsor. I said, hey, let's make. Because you're not selling a person a fish, you're trying to teach them how to fish. If they understand the process, if they understand this, they will understand that gold has historically been a hedge and been a store of value. Now, when we first started, I am the first to admit that if you told me that gold would have runs with a year, would have 36% increase in value, I'd say you're nuts. It's gold, it doesn't move like that. That's not what gold is. But when you sit here and talk about the price of gold today, which is near an all time highs, and you look at the projections of these major investment banks because of the underlying geopolitics and capital markets and really the world's largest margin call happening upon us right now, because all these nations are still spending, I might want to add in this. Moody's came out last night. I haven't had a chance to break it down. I will tomorrow or Saturday because we have time. Moody's came out and they had projections on the US balance sheet and it's not great, folks. It's just not great. We're still going to add, unless somebody comes up a way to have Congress and the executive be able to convince the American people, you got to stop the spending, it's just going to continue on. I mean, they have a very tough and quite frankly very negative outlook for the American dollar, the American balance sheet, the debt, the interest payments, et cetera. And this is Moody's trying to take an independent view of it. What has happened, if you look at these New, if you look at the investment banks and commercial banks have come out and put price targets on gold, you're on another percentage run. And we're not here to tell people that's going to happen. We're saying this is what the data is showing from other banks. How did that happen? How did we have this unique thing? Was it one of the facts of the central banks that the irresponsibility of Biden crushed the purchasing power through their inflation of about 22 to 25%. So basically they had a devaluation of 25% value on what they were holding, on top of the fact that for the first time. And remember, folks, what we did to the Russians in this Ukraine war, economically, we did not do to the Nazis and we did not do to Imperial Japan. We did things to the central bank and we did things right now, when you hear President Trump sitting there, President Trump goes, hey, we put 350 in. The Europeans have put 100, 150, and they put it in his loans. What he's saying is that they seize the assets of the euro assets or dollar assets of the Russians that they keep in these money center banks to do trade in normal course of business. They seized it during the course of the war and they've essentially monetized it. They've basically stolen the Russian people's financial assets, something that was not done in World War II to the Nazis. In fact, I think you could argue with Switzerland. Others. People went out of their way to make sure that there was kind of a liquid capital market with Reichsbank, and they certainly didn't do it in Imperial Japan. They did it. Here is those two things. Biden's breach of fiduciary responsibility, coupled with the globalist seizing the assets of Russia, is that what got these other central banks to say, hey, look, we got to take care of our own people, we have to take care of our own resources. Screw the United States because we don't trust it. Screw the imf, the World bank, the eu, all these big talkers in Frankfurt, the City of London and Brussels, and we're just going to go. We know history shows us that there's one safe thing. We're just going to buy gold and sit on it. Is that what drove these extraordinary price movements?
Scott Besson
Philip Patrick it's exactly that. Look, it's all about providing incentives for the world to hold our currency. And by devaluing the currency, that was the first step. Crushing purchasing power is bad, but that's happened before, and we've got through that the weaponization piece was unprecedented. That was something that had never been done before. And it broke the trust not just in the dollar, but in the global financial system itself. Remember, Biden didn't do this Al. This step could only have been done with the help of NATO, other allies, the collusion of SWIFT and other financial institutions. Biden defaulted on America's debt for the first time in history. And it's almost impossible to imagine a way back from that. And that's ultimately the biggest catalyst. Listen, 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 when they could be seized like that. It doesn't make sense to do it. They set, and I don't think there's any coming back from that.
Steve Bannon
I want to mention also Ray Dalio, Ray Dalio had that two and a half or three minute hit on cnbc, I think, about two or three weeks ago, and Ray Dalio was talking about our debt. And Ray Dalio, they said, well, hold up, what are you talking about? Are we going to have a busted treasury auction? Remember, audience, Scott Besant. This year, because the debt essentially has to sell between 7 and 10 trillion dollars of U.S. government securities. We have to refinance that 36, 37 trillion. Not just new debt coming on to have financed, but the understructure is about a third of it comes due and you have to kind of roll it or refinance it. Ray Dalio said, hey, when I look at the mismatch between the revenue side and, and the expense side and the political class having an unwillingness to cut expenses, I see this gap. And if you don't want to have a busted treasury auction, which would be catastrophic, that would be the end of the dollar empire. If you want to avoid that, you got to treat it like a company. And you've got to kind of start thinking about restructuring debt, maybe withholding payments. I mean, the stuff he's talking about is essentially stiffing some bond holes. But the worst one, he said, and for political reasons, there's some people that could have some pretty big holdings. Maybe you rescheduled that. And if I'm in Beijing, if I'm at the bank of China, I go, hey, what did that guy just say that resembles us? Are they going to stiff US on the $1 trillion of US government securities, which now is down to $800 billion? It was up 1.2 trillion. It's now 800 billion. And the reason is I'm sure Beijing is listening quite closely when people talk like that and say, hey, we're not going to get in a situation like the Russians. We're not getting a situation that was slightly different, but where they basically take the securities that we've bought and they just hold them or they convert them into their own use. Is that also something that could drive this, sir?
Scott Besson
Well, it's exactly. And look at what China did when we sanctioned Russia, when we froze their dollar holdings, that was the catalyst for China to make their moves. They immediately went to the Saudis to try and kill the petrodollar and weaken sort of global demand for the dol, immediately went to reignite the BRICS alliance and start moving away. They understand, I think, the opportunity in front of them. They understand that our position, at least as of today globally, is waning. And I think they see the opportunity. So the answer is yes. Look, we have to remember, no nation in history has come back from a debt position like the one that we are in. I've said before, if anyone can do it, it's President Trump and the team. But this is, you know, pushing a cart up a mountain. This is a tough job. I don't envy Scott Besson. You know, he has probably the toughest job in modern politics. Him and him and the president.
Steve Bannon
I'm going to go through then the Moody's report tomorrow. The Moody's. Moody's has us, I think, getting to 130 to 140% of debt to GDP. And I can say from Roubini's study, his great book, his masterpiece, the Magisterial. This time it's totally different because every country that got in this situation, the finance minister would always say, hey, this time it's totally different. We're going to work this out. It never gets worked out. Moody's was quite pessimistic of whether we would do it. I mean, we just have to face reality. There are a lot of people out there that are independent, that are not part of the MAGA movement, are not Democrats. They don't back Larry Summers or they don't back some of the radicals on their side or the Bob Rubin, some of the safe pair of hands, and they certainly don't back us. They're saying, hey, these guys aren't going to make it. We've seen the trend line and we just see this thing getting to 130, 140%, and you'll never turn around. One last thing. President Trump is quite aware of this. Remember, we started a couple of years ago telling you guys who the BRICS were, why they were important, why were they, they were kind of the global south a little bit right, kind of non aligned. But they had tremendous resources, not huge economies but tremendous resources and they were getting savvy to the fact that they were selling these resources to the west and that they would continue getting devaluations and so they end up selling it for less. That was the BRICS nations and they had a number of meetings and we recover it, there's another one coming up in Brazil here in the not too distant future. And the BRICS nations would always get together. It wasn't just geopolitically say hey look, maybe we put a basket of our currencies together, maybe we have some sort of gold backing to make it a traffic. And there's been discussions, there's been some attempts. President Trump Phillips saw this and President Trump goes, hey, let me tell the BRICS this. If I even see you having a meeting and you're on the attendees list, I'm putting a 200% tariff on all your goods from then I think it's Modi's actually said, hey look, I don't really know these BRICS guys. I know we're included but we're not having any, we're not going to have any meetings. We're not participating in any meetings. Mr. President, what is your, what is your. Why is President Trump so sensitive to the fact that even if they meet and discuss an alternative to the dollar empire, he's going to play smash mouth and hit him with a 200% tariff?
Scott Besson
Sir, because he understands that this is perhaps the most important fight in front of us and this was something that the previous administration just didn't understand. They referred, and this made my blood boil, they referred to the BRICS de dollarizing as a natural desire to diversify. They didn' understand what's happening. President Trump does. He said specifically losing global reserve currency status would be like losing a war and he is absolutely correct. So you know, that's why I'm so encouraged by the administration. They've come in and they clearly understand where the big issues lie. Trump's first thing, it's deficits, it's debt, it's external revenue, it's brics. These are the things that we should be focusing on. It looks like he's created some splinters within the BRICS alliance. You mentioned MODI and correctly so they're still going to meet in Rio first week of June. I think longer term they still have their mind on de$izing. They don't have a currency that can usurp the dollar yet. It is still the tallest midget so far. They are using gold as the means to de dollarize. I am watching the BRICS very, very closely. Like I said, they seem to be splintering a bit now. Longer term, we'll have to see how.
Steve Bannon
You should know that. We're actually working with some folks to make sure that Philip can actually get down and cover live and the team from Birch and hopefully maybe the war room if some of our people can get into the country. As people know, we're not exactly welcomed by Lula and the Brazilians now. But I think that BRICS meeting is important enough that we ought to be covering that up close and personal. I don't have time now to go through the Mar A Lago accord, but understand that President Trump and Bessant have a very well thought through plan that they're trying to implement. Now. I'm not saying they're not going to hit speed bumps. Well, I got you one last question. 25% tariffs today on came last night today on automobiles not made in the United States. Remember, there's roughly $800 billion worth of car sales in the country in a year. 500 billion of that, folks, is made overseas. Not overseas made in either Mexico, Canada or. And I think they went through today, the bent German metal. Most of that is all made in Germany or in Europe. So this is a major impact. That is a predicate though, for Wednesday, which President Trump continues to call Liberation Day. What is your sense as you look as an analyst, the main analyst over at Birch, gold, on gold as a store of value. Gold is a financial alternative. What do you see when you see this? Really? It could be a President Trump says, hey, it's Liberation Day. It's going to liberate the United States from people that have ripped us off for dozens and dozens and dozens of years, if not decades.
Scott Besson
Sir, look, it's something we need to do, right? He's said in no uncertain term we've been ripped off by every country in the world, friend and foe. And you have to admit he's not wrong at all. Right. We consider the hollowing out of American industry over the last 40 years. It becomes very clear that companies sort of vastly increased profit margins by offshoring, manufacturing and assembly lines. But they did it at the expense of the American people and the middle class. So we have to make a change. I think shorter term, this is going to create huge volatility in financial markets. But there is a longer term plan. And I've said it before and I'll say it again, we've had, not for a long time, a president that's willing to make tough decisions, to go through hardship, to go through pain for the greater good. And ultimately it's what we have to do. And it is politically unpopular. But sometimes you've got to make the tough decisions. And that's why I think signaling from this administration is going to be really important. I think they've done a very good job of warning the American people, but they just need to be consistent and we need to embrace perhaps going through a recession for the greater good. So personally, I'm not hugely concerned. I think it's a move we have to make and I think longer term it'll be to our benefit. But short term, we got some tough times to get through and it's as simple as that. And precious metals are, at least for the next foreseeable future in my mind, the best way to weather this storm. And central banks around the world clearly agree.
Steve Bannon
Yeah, I'm going to break down tomorrow. The Moody's and particularly Secretary Bezos says we're going to re leverage the private sector and deleverage the public sector. I'll get into that, what he means by that and how that's going to have an impact on politics. President Trump's second term and also the folks personally. Where do folks go? The feedback we've gotten from people working with you and your team is off the charts. So where do people go to get access? We know if they take, if they take their phone out and just Text Bannon Bannon at 989-898 they get the brochure. The first kind of book about investing in gold in the age of Trump, the ultimate guide. That's a great starter. You can also go to birchgold.com ban and get all six of the free installments on the end of the dollar empire we've been working on, I think for three years now. The latest installment is about, and you have to understand this, how we got in this jam here. The last part of it, people believed in this amazingly radical theory that came out of France and nobody really questioned it. Even the quote, unquote conservatives on Wall street, the Republicans on Wall street embraced this. That's called modern monetary theory. To sum it up, deficits don't matter. You can just continue have executive branches and legislators continue to print money and if it ever gets to be a problem, oh, you just raise taxes and it'll be fine. That is turning out to be incorrect. But you have to know what happened, why it happened and why it's having an impact on you. But Philip, how they get to you, how they get to you and your team to talk through all the alternatives, the instrumentality of how they do it also so they can start to understand the pattern recognition of what's happened in Gold over the last couple years and according to the biggest investment houses on Wall street, looks like it's going to continue at least for the next couple of years.
Scott Besson
Yeah, absolutely. So information like you said birchgold.com Bannon or Tex Bannon to 989898 that will give them access to a lot of free written information. You mentioned teaching people how to fish. That's important to us. And you know, from there people can contact us. They can reach me directly or, you know, many precious metal specialists like myself. And our job is to take this information and to make it make sense. You know, what I hear from your viewers a lot is we touched on all the concepts but we tied it together in a way that makes sense and that involves a conversation, a two way conversation. So reach out birchgold.com Bannon for information and from there they can have access to myself or people like myself to explain it and to guide them through.
Steve Bannon
Thank you, Brother Philip, Patrick, you guys have been great. The audience loves you. So thank you very much. In times of turbulence and turbulence we do have President Trump is supposed to start with Randy Fine, which is very important folks. Randy fine in Florida 6. Now think about it for a second in the Florida one, Matt Gaetz, I think it was 32 point win in November with Gates. That's the, our, our guy is going to win that. But it's going to be tight. It's going to be tighter than it should be. Fine. And there's some controversies about fine in the district and other things. Not that it, not that it really matters. We have to have that seat people are talking about that's down as low as 3. I mean we may have broken through into positive. President Trump's going to get involved tonight. He's going to have a town hall, teletown hall. And if you get Bill Blaster or you go to his site which we're given a if Grace and Mo can put it back out to assist in the help. 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Philip Patrick
War room, here's your host, Stephen K. Band.
Steve Bannon
Okay, we kind of had a mini earthquake in the imperial capital day with President Trump. I cannot overemphasize. That's where I got Boyle. Change the schedule. Boyle's on Gates right now. Matt Gaetz is going to show. Talking about this. Elise Stefanik's not a small thing. It's a big thing. She was being positioned at the United nations and I was not a Huge fan of this because I think that's how special I think she is. And I know there's people out there who think she's still too much for a rhino. And maybe not maga. I will tell you, when it comes down to tough calls and tough decisions, she's maga. He's had the president's back. But she's a real talent. And I mean a real talent. Look, she took on Liz. She took on Liz Cheney when that was a risk. People say, oh, she's too conservative. I said, hey, I was there. She came on and broke it on this show. And there was no sure thing she was going to take on Cheney. And the Cheneys are like the Mafia, okay? They're equivalent of the Bushes, the Cheneys, the Clintons. You're dealing with original gangsters that will destroy you. I want to put up now polling because, you know, we know Degrasse, and Degrasse was out doing different things. You saw Degrasse, and people love Degrasse. He's done such a great job, but his primary job has always been with Elise. So with the lease going to the United nations, that's not his shtick. You know, he started with her as a driver at a college. He's got really no Congress in congressional districts. So he's really become proficient at this and works with a lot of different groups and is going to make that his livelihood, his profession going forward. Before he went to other things in the House. He's now back with her because. And she's not happy about this. Her whole family had planned on being in New York City. She had a whole complete thing about what she was going to do with the United Nations. And she's a young woman with ambitions. And these young women are just really, really, really impressive. So they got. And this is what drove it. Fabrizio is the president's pollster. He was our pollster when I ran the campaign in. In 16. And we had parscale, had the face, you know, had all kind of different polling. Katie Walsh had the RNC polling. Fabrizio's polling, I've always thought is pretty good. Fabrizio. I found that Tony's never trying to sell you something. Some of these pollsters want to know what you want to hear, and we'll reinforce that. Tony will give it to you with the bark on. And he doesn't have the best bedside manner. That's one of the reasons he gets crossways, I think, with some guys sometimes. But I kind of like it because he tells it gives it kind of with both barrels. I'm going to put this up. And this is Tony. I think this poll and the polling is not that old. He's got Josh Weil, 44, Randy Fine at 41%. This is what I said about the negative three. Now, I think that was right before this week and that this audience and others that Randy's spreading out and getting to more because I'm not so sure MAGA was that engaged for a host of reasons, a host of reasons that also don't matter right now. We're in a war and we have to win this war. Let me just reiterate and I realize this comes some people, this is crestfallen. But I'm giving you the reality of democracy in the 21st century. This country is pretty. Two thirds of the people will support Maga if they understand what maga's doing. It's one of the reasons the podcast and ourselves and others Real America's Voice. The more information people get, they go, yeah, I get that. I understand it. But it's getting that information because the United States people are not that political. They're just not. That's not a bad country to have. There's just a lot of people just not interested in it. They just want to live their lives. And it's kind of the DNA of the country. Remember coming from Europe or Africa, we left or either left or were taken and brought here. And a lot of people just didn't have interest in politics. They were trying to get away from politics. So it wasn't interest. That's still today. That's what we call low information voters. When I say low information voters has nothing to do whatsoever with someone's intelligence. By the way, we're having some trouble connecting to Jerusalem. You're going to let me know. Not going to happen. Okay. We had a real problem. That's not always easy to get connected to Jerusalem, given what's happening in the air campaigns over there. Rabbi Wielicki is going to join me because there is something amiss. There is a. He's had to. Bibi's had to remove the military intelligence. Not the Mossad, but the Shin Ben, I think it's called head. Replace them and put somebody else in. And there's all kind of rumors of discussion. The deep state, you know, they've had these. He had a judicial problem. They identified their judicial problem right after we went through ours in the first term. Remember that? And then Israel had it. Brazil's got it. There's a consistency here. These judges in the legal system is corrupt wherever you go in the world. It's kind of this Marxist, neo Marxist thinking. It comes out of the top universities, faculty, and it comes out of the law schools. This is why I'm a huge believer on the universities that we have. I think we have to go. The Ivies are important. Don't get me wrong. I was fortunate enough to go to an Ivy League school, but I also went to land grant College. I think we have to go not to the land grant yet. I think we have to go to the big public Ivies, these magnificent universities. You know, Ann Arbor, Michigan, University of Michigan, Madison, Wisconsin, University of Wisconsin, Charlottesville, Virginia. The University of Virginia, Chapel Hill, North Carolina, University of North Carolina, Berkeley, maybe ucla, throw UCLA in there. University of Arizona at Tucson. University of Texas. Right. And I know that say, people say, don't mess with Texas. Well, hey, we've got to have a conversation. These faculties are radicalized. That Brian Harris, I'm trying to get him on, there's stuff happening at the University of Texas that would blow your mind that Abbott and these guys know about. Paxson's looking into it. But you have to go and use federal money. You have to put. You have to put the kibosh on it. You have to say, hey, it's not going to happen anymore and you have to purge. I realize people don't like the way this sounds, but it's just. Let's cut to the chase. You have to purge the faculty lounge and you have to purge the administration. You have too many Neo Marxists. These kids have been formed, they've been radicalized. Lavis comes through high school and they get these college campuses and particularly these public Ivies. It's extraordinary how radicalized these are. And I think as President Trump broke Columbia, you can break all these because the states can't step in and put up the billions of dollars that the federal government puts in to keep these going. It's the one way to do it. You got to purge the faculty's lounges and you got to purge the administration of these radical neo Marxists. Also the student body, I think it was Marco Rubio was talking about, if somebody's here on a student visa and you participate in a protest, you should be rounded up. You're not here to protest. You're here as a guest of the citizens of this country. That means all the guests, not just the radical kid you're living in the dorm with, they can do it because they happen to be sentenced to the United States and say, well, they got Amendment rights. Hey, they may have all kind of free speech rights, but they ain't got a right to be here on some student visa and causing a problem that we have to pay for to send it down. Put them. Get them, get them right out of the country, no questions asked. Put them on a plane faster than you put the terrorists, the criminal terrorists. Get them on a plane, get them out of here. Say, hey, you had your shot. We let you come here to our country, the United States of America, to study as long as you, you know, keep. As long as you have good order and discipline, study away. I'm not a huge fan, as you know, having a lot of foreign students at these colleges in the first place, taking slots from American students and American kids, American, you know, the sons and daughters of American citizens, regardless of their ethnicity, their race, their religion. They should have a premium shot. They should have first dibs. They should have a shot because your parents, your grandparents, your great grandparents, people have been here building this country. Your parents and you are the full faith and credit of this nation. The whole nation depends upon you. In particular, if you're under 30. This is why you can't get a job, you can't buy a house. And now with AI come, it's even going to get worse. And we ask you to volunteer and go fight these wars. The kids on those, the people that did the strike against the Houthis, I'll bet you the average age is mid to late twenties. When I was on my destroyer in the North Arabian Sea, I think I was 24, 25 years old, something like that. And most of the officers, junior officers, were all around that age. The most enlisted men were in their teens. Most of the non chief petty officers, the people that were not non commissioned officers, were people in their teens, early 20s. These are young people. What kind of shot do they have? Shouldn't they have a premium shot? The whole thing's upside down. That's what President Trump is so unique. He's taken on the elites. The elites want that system to keep going. They want a system where you and your kids can't participate. Here's the thing. They also wanted that. You are paying for it. I'm going to rub some salt in open wounds right now. I want you mad. I want you damn mad because President Trump in the Oval Office signing executive orders is fantastic. It's fabulous. The days of thunder, it's flood the zone. It's great. Things are happening, but people have to have his back and push that through because, as you know, the resistance to that. And I'm not talking about the resistance of people at a Tesla dealership or keying a Tesla in a parking lot or, you know, having these signs out there saying this or that. And I have no problem with that. We did that. The Tea Party did that. Our movement did that. I understand that's how they're trying to motivate people. It's a democracy. I got no problem with that. I got a problem with the radical and the terrorism and trying to. Whether it's the college campuses, what they're trying to do, or at these Tesla dealerships, not going to tolerate that. And people should. I think the Justice Department and others ought to be. Ought to come down harder. And particularly these foreign students you caught one time you put in a camp saying, get them. Get ice, Take them to the airport, put them on a plane, say, hey, thanks for the memories. You're not coming here. You're not going to stay here. It's a privilege, Pete. Guys, it's a privilege to be here in the United States of America. And it's a super privilege to be studying at a university that taxpayers are paying for. Taxpayers who? Kids aren't there. Think about that. For Columbia, 60%. And they say, well, it's a private university. I said, it's a private university. Except for the billions of dollars, billions of dollars that the US Government sends every year to support the apparatus. That's all these. That's why I want to start not at the Ivies. It's not that I don't think the Ivies have to be cleaned out. I want to start the public Ivies. I want to go to Michigan. I want to go to. I want to go to Madison. Want to go to Charlottesville, you know, want to go to Berkeley, these top public Ivies, what they call the University of North Carolina, and tell them, hey, the four or five billion dollars we're sending you ain't going to get anything. You're getting nada. Zero. Until you clean it out, you purge it yourself, come back and check with us Money. We'll cut the money back on when you pass muster. And they're saying, well, you can't do. That's academic freedom. No, hey, we've allowed these people become festering sores of neo Marxist, anti American radicalism. And now it's teamed up with radical jihad, that Red Green Alliance. You're going to have hell to pay. And why should we tolerate it? You want to end up like England, where they're too afraid that Tommy Robinson's rotten in a prison because they're too afraid to step up to the grooming and the mass rapes of the girls. Is that what you want to do? Is that like Europe and Europe sitting there bellyaching? The elites over there bellyaching, because we're not giving free money. You're not paying for it anymore. And I tell them, hey, clean up the no go zones first. Clean up the. You're letting mass migration come in there and you want us to underwrite your defense. It's not going to happen. And Trump has been adamant. You know, he put me in charge of kind of talking to those guys the first time about the 2%. It was like they were shocked. How can you possibly say that President. This is how good President Trump is because he's a real estate guy. He said, hey, if they. It was 2014, they put it in there, Steve, if they haven't made the 2%, let's give. Let's do an accrual. How much did they miss? And Merkel's people show up and Navarro had what we call the Navarro charts. I think we had a chart the guy had. We had to give him smelling salts. He was on the floor. He passed out. I think they were backed up. They had. I don't know, it was 50 billion. Some number that was so outrageous to them, but it was what they had stiffed us on. And now they want to. And now they want to. And now they want another, you know, underwriting. That's what the underwriting. That's what's happening in the Red Sea right now. The Red Sea. JD is actually correct. Now, I don't know if I would deliver that way or in that chat with those people, maybe talk directly to the President. But I think. And they're saying, oh, JD's terrible. He hates Europe, he hates us. He's asking some logical questions. He said, hey, the Red Sea is at the mouth of the Suez Canal. He says, essentially, if you're going up there, because you've got it from the tip of the peninsula, if you head up there, you're not heading to Aqaba. You know, where Lawrence of Arabia took the town from the desert. Have you ever seen the movie or read the book Revolt in the Desert? You're not going to Aqaba. You're going all the way up to the Suez Canal and the Mediterranean. You're going to Europe. 3% of what goes through the Suez Canal has some relation to American trade. He said 40% was European. I happen to think the number is much, much higher. But even the 40%, they should have the Royal Navy down there. I think they have one Italian corvette, one French frigate and one Royal Navy destroyer. It's not good enough. We now have two carrier strikes in there. When I say the party is on, this is about Diego Garcia and what's happening on the southern border and even what's happened around two carrier strike groups in America. First, I remember president. But President Trump has a very set way he's thinking this through. I think Pete Heggs has been a terrific defense secretary. This is one of the reasons, like Jace Medical, depending on how this goes. President Trump said the other day on tariffs. He said specifically on Chinese tariffs against the Chinese Communist Party. What's the example he made. It wasn't really electronics. It wasn't that manufactured. He made it pharmaceuticals. And he made the case for US API. 100% active pharmaceutical ingredients. 100% made in China. 100%. Do you think that's random? You think they didn't know what they were doing? 100%. They knew what they were doing. Rosemary Gibson lays it out in her book. Remember those folks that you have been around since our pandemic days. Rosemary Gibson was on here all the time because he talked about supply chains. They have at that time 100% of generics, 100% of active pharmaceutical ingredients. That's why Jace medical, the guys, Dr. Sean Ross, all they did was take her hits on War Room and her book and they built a business around it, understanding that one, you have another pandemic. So we shut down like it was two. If any kind of geopolitical incident happens, it's going to be shut down. So to go to Jace Medical, get into it. Promo code Bannon, get into it and get the details. These are. Other guys have great websites, but when the British say, say the party is on, they're talking about the event. The event being an event dealing with conflict kinetic, not diplomatic kinetic. The party is on. This is what they would tell each other in the run up to January 6. The party is on. There's something going on. There's something going on in the Indo Pacific. That's why Pete Hexis over in Guam. There's something happening about the Southern cartel. President Trump, I think basically has. He's had a. He's had a. I think he's had a belly full of this. And he's going to get to. He's going to get to. He's going to get to. Thank you. He's going to get to. He's going to get to Sort that out. One last thing. I'm going to turn to Mike Lindell situation in Texas. Brian Harrison involved in this thing. Something's happening at the transgender at the University of Texas. We're getting more information about that. I'm gonna try to get either Paxton or Brian on tomorrow to go through it. At first I said this can't be happening given everything we've done in November and Governor Abbott they said yes, this is happening. And so we're going to have some people on tomorrow. There's no need to tell you how great the team over at Patriot Mobile is. It's just amazing. Just doubt. 972 patriots shift today the cost. No change is going to be any change in cost. You're layered on top of because of regulatory regulations the major carriers all have to carry this. So you have a alternative company that supports your values and they're fantastic. Glenn's story the team you can't get better. But right now the service is fantastic. It's time to do the switch. 972 Patriot talk to one of their US citizens at the call center and support IT service fantastic. They give a percentage of their profits to basic philanthropic groups that support first responders second Amendment and they support your value. So stop giving money to people that hate you. Remember the telecom companies, the executives amoral and they hate you. There are some good people there. There's my dad worked for the phone company forever. Not the phone company you see today. But he did work for the phone company forever. Mike Lindell already president's getting blowback on this. On the election integrity people are going nuts. Marker lies saying it's not constitutional, it's unconstitutional, that President Trump's as crazy as Mike Lindell and none of this is going to take place. Give me a minute on that and then I want you to sell me a sheet so I feel better at the end of the day, sir.
Philip Patrick
Well, let me tell you everybody remember when Fox News would not talk about anything to do with elections? How did they like it when my press correspondent Kara Casanova from Lindell TV got to ask the question in the press conference room too, about the election integrity executive order. The president did everything in there, Steve. I've been taking nonstop calls. All my teams on the ground. It's like a breath of fresh air now from the ground up. We're already seeing great things happen in New York, Arkansas, South Dakota, Alabama, all these places, Louisiana, just by that order. It's helping us on the ground. So God bless our great president and they can of course they're out there screaming from the top of their lungs going, we don't want fair elections. We don't want. Are you kidding me? That's the only way we can win. This is great. You know, Fox, hey, we don't need you anymore. Fox News. You got it.
Steve Bannon
Anyway, Steve, I'll tell you, hold on. One last thing for you. Sell a pill. I just need 30 seconds. Fabrizio has fined down three points. Now I think that's changed. But my point is the Democrats don't want fair elections. They're all worked up right now. You've got to get to Bill Blasser, go to find sight. President Trump's doing a town hall electronic town hall with him now. We got to win Florida 6. We must win Florida 6. There's no nevermind about it. And being down three points a week to go. We can point fingers later, but we got to win. Mike Lindell, sell me some sheets. Make me feel maybe sleep better tonight. Let me sleep better.
Philip Patrick
Absolutely. This is our president's favorite product from mypillow everybody this week. And I'm gonna name the name on Monday of the box store that canceled again. So the savings, it's your. Their loss is your gain. There it is. Can you guys believe this? This is wholesale prices. The Queen percale MyPillow sheets, 14 colors, came in 2998 king size with the promo code War Room 34.98. How you're gonna get them? You're gonna go to the My Pillow website. Scroll down till you see Steve. Click on Steve. And this is the War Room special. There's the shell needs. There's the Microsoft, my most requested product ever. You save 30%. That's a war room exclusive. The 998, 2.0. All those commemorative cases, we still have some left. Limit of 15. When they're gone, they're gone. All these, all these sheets for these prices once the allotment for the box stores that we sell, all theirs are gone, that that'll go away too. Call 800-873-1-1062. See, we're celebrating here at My Pillow. It's been one of our greatest weeks ever. All the stuff going on the White House with the election stuff, My Pillow, we don't care. You keep canceling this and we'll keep fighting and we'll keep. We'll keep selling it wholesale to the War room posse.
Steve Bannon
We don't need no stinking big box. We go right to the War room posse. Mike and dad. We love you, brother. See you tomorrow. See you tomorrow. Ten, we're back at 10am Eastern Eastern Standard Time. We're going to be on fire. I can. I can already tell you what's happened during the show overnight tomorrow morning. Do not miss it. We'll see you here. Be on station. Come on. The April 15 tax deadline is coming and it's coming fast. Do you have unfiled tax returns? Can't pay the irs. The IRS is more than aggressive and more aggressive than ever. And the longer you wait, the worse it gets. Wage garnishments, bank levies, even property seizures are all on the table. You need to get ahead of this. You need to get ahead of it today. But going up against the IRS alone is a big time mistake. Take my advice. Call the experts at Tax Network usa. They know the system. They have an edge. A preferred direct line to the irs. They know which agents to deal with and which ones to avoid. Whether you owe $10,000 or $10,000,000. Their genius strategies are designed to quickly settle your tax problems in your favor. Tax Network USA's attorneys and negotiators have already resolved over $1 billion in tax debt. Let me repeat that. They've already resolved over $1 billion in tax debt. Tax Network USA can help you too, but you need to move. You need to move fast because April 15th is already here. Remember, if you get that letter, don't put it in the drawer. It just metastasizes. Talk with one of our strategists today. It's totally free. Stop looking over your shoulder. Stop the anxiety, stop the worry. Put it all behind you. You call Tax Network USA at 1-800-958-1000. That's 800-958-1000 or visit tnusa.com Bannon that's Tax Network USA. Go to tnusa.com Bannon and of course, the beef liver being our flagship products. For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc. And because it is 100% grass fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general. So we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com and cheers to your health. 700,000Americans every year. Yes, heart disease is the number one killer every year, year in and year out. Heart disease builds over time. Hypertension, high blood pressure, bad cholesterol, diabetes, all of it affects our heart. A healthy heart is key to being energetic. As we get older, it is never too early to take care of your heart. You see, heart disease sneaks up on us. You can start in your 30s and when this happens, you're at serious risks by the time you turn 60. If you want to take care of your heart, heart and those you care about, please go to war roomhealth.com that's war room health.com all one word war roomhealth.com use the code war room at checkout to save 67% of your first shipment. That's code war room at checkout to save sixty seven and do it again. War room health all one word war roomhealth.Com go there today. You need if you're going to be part of the posse, you need a strong heart. You need a lion's heart. Art how we're going to do that is with salty. Go there do it today. Check it out.
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
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]
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]
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]
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]
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]
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]
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]
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]
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]
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.
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.