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- [00:00]
Stephen K. Bannon
This is an iHeart podcast.
- [00:02]
Sam Faddis
Guaranteed Human.
- [00:04]
Reporter
Sir, could you foresee a deal in Iran this upcoming week?
- [00:07]
Donald Trump
I do see a deal in Iran, Mr. President. Could be soon too. More straight. And that's taking place starting tomorrow morning, over the next couple of days. A lot of boats. And I would only say that we're doing extremely well in that negotiation. But you never know with Iran because we negotiate with them and then we always have to blow them up. Whether it's the B2 bombers or just terminating, as an example, the Iran nuclear deal done by Barack Hussein Obama. Probably the worst deal we've ever done as a country. One of the dumbest deals we've ever done.
- [00:45]
News Anchor
Air to host talks between the US And Iran in the coming days. But the warring parties did not confirm any participation and the two sides appear to remain far apart. Speaking to reporters last night on board Air Force One, President Trump said Iran has agreed to Most of the 15 point list of demands for the US to end the conflict. Without providing details, Iran's state run media has reported that Tehran had rejected the cease fire proposal. Trump also said Iran agreed to allow 20 more oil cargo ships to pass through the Strait of Hormuz, the crucial shipping waterway as oil prices continue to rise. The President is framing that as a sign that negotiations are underway. But Tehran is telling a different story. The speaker of Iran's parliament accused the US of putting on a front of diplomacy while, quote, secretly planning a ground invasion, according to state media. He added that Iranian forces were, quote, waiting for the arrival of American troops on the ground to set them on fire and punish their regional partners forever.
- [01:58]
Sam Faddis
Are you considering still putting boots on
- [02:00]
Stephen K. Bannon
the ground and would you do that without going to.
- [02:01]
Donald Trump
I just have lots of alternatives. We have tremendous numbers of ships over there. We don't need them all because of, you know, the power. Look, the. I would say we're just like, we're ahead of schedule on the ballroom in a much bigger way. We're ahead of schedule with Iran. We're weeks ahead of schedule. If you would have said that in three days we were going to knock out 158 ships, their entire navy, which we did. We knocked out their entire air force. We knocked out most of their missiles. That's why you see missile attacks. But they're down to, they're sputtering. And we have a group, it's really a new regime. It's a new group of people, people that we've never dealt with before that are acting very reasonable. It is truly regime change. Just judging by how unpopular the war
- [02:51]
Stephen K. Bannon
seems to be compared to past conflicts. There's no doubt the headlines about boots
- [02:58]
Donald Trump
on the ground, even if it's a
- [02:59]
Stephen K. Bannon
special ops operation, obviously could, could cause some real blowback. I'm wondering what are you sensing as
- [03:06]
Donald Trump
far as the political appetite of Republicans,
- [03:09]
Stephen K. Bannon
Independents, democr Democrats on expanding this war further?
- [03:12]
Sam Faddis
Yeah, well, I mean, the Democrats and independents, right, that's an easy call. There's no appetite for expanding it further. There's no appetite for the war at all. And part of the reason for that is that the President didn't make his case to the American public, didn't go to Congress, I mean, forget for a minute just going to Congress for authorization. He didn't go to Congress to solicit their advice to, to alert them to what he was planning and what the objectives were. And so there's just absolutely zero buy in from the American public and from members of Congress. Now, obviously the American public also includes Republicans and plenty of them. They're very supportive. They've been very supportive. Joe, you and I have talked about this. One of the things that my sources have told me in terms of the potential political fallout down the line from the right is that in a, in a case where we get bogged down, in a case where we have thousands or some high level number of boots on the ground, temporary bases. Right. So that reporting from the Post just now you mentioned about the possibility of a temporary air base. This is where the President would have to start looking over his shoulder from the broader Republican electorate. Right. We've talked about how those loud voices on the right wing, particularly the podcasters in that group, don't speak for many Republican voters at all. But here's where Republican voters would start to get a little antsy. And you know, I think again, in a case where you don't have, and I think this is so key, we don't have defined objectives that you're working towards. You have general objectives and on any given day you have, you know, you're getting closer to some general objective or another, but nobody is quite sure about the why now and what's going to precipitate a beginning of the end.
- [05:06]
Political Commentator
Right.
- [05:07]
Sam Faddis
A lot of military success. But why now and what is the beginning of the end? And so I think that's what the President has to be concerned about if he cares about the political support that he currently has.
- [05:21]
Reporter
So President Trump wants to take Iran's oil. He said so during a new interview with the Financial Times, saying that he's considering seizing Cargill Island. Iran's major oil hub. That is the latest presidential declaration, if you will, that's causing oil prices to jump once again. The President told reporters overnight that Iran has mostly accepted the 15 point plan from the United States to end this war. Yet Iran says that is not true and calls the plan excessive, unrealistic and unreasonable. Tehran, in turn is now threatening. The quote from them is to rain fire on American troops if the US launches a ground invasion.
- [06:01]
Donald Trump
You had offered a 15 point plan. Did they ever come back? Yeah, they came back on the 15 point plan. They gave us most of the points. Why wouldn't they? You make it sound like they made some concessions. Can you identify those? Well, they're agreeing with us on the plan. I mean, we asked for 15 things and for the most part, we're going to be asking for a couple of other things. And just to prove that they're serious, they gave us all these boats. What I talked about four days ago, a present. I said they gave me a present, but I didn't think I was at liberty to say what it was. What it was, was 8 plus 2. It's 10 massive boatloads of oil. And today they gave us another present. They gave us 20 boatloads of oil. And that starts being shipped tomorrow. We're having very good meetings, both directly and indirectly. And I think we're getting a lot of very important.
- [06:52]
Military Analyst
Well, first of all, it's important to remember the objectives of this operation. From the very beginning, we were going to. We are destroying Iran's navy. We are destroying their ability to their missile launchers by a significant percentage. We're going to wipe out their defense industrial base, meaning their ability to make new missiles and new drones in the future because it poses a great threat to the region. This Iran that you're seeing now, this is Iran at its weakest point. Imagine them two years from now if they had thousands of more missiles, the thousands of more missile launchers and factories to make even more. That was an unacceptable risk. It needed to be addressed. And President Trump is addressing it, saying
- [07:26]
Foreign Affairs Correspondent
that Iran has met lots of the 15 points, the plan that the US has submitted to try and bring an end to the conflict. But publicly, Iran's Foreign Ministry spokesperson basically dismissing that, saying that it's unrealistic, unreasonable, excessive. These are demands, things like Iran abandoning its nuclear activities, stopping support for its proxies like Hezbollah in Lebanon and elsewhere, and, you know, kind of things like that that have really been on the US Wish list when it comes to what it wants Tehran to do for many, many years. And it's always been rejected, and it seems to have been rejected this time as well, at least publicly. Iran has come up with its own list of five things that it thinks needs to be done to bring an end to the conflict. And that's equally unrealistic, talking about things like the United States getting rid of its bases across the Middle east, making sure that Iran has full control over that strategic Strait of Hormuz into the future, a guarantee of no attacks, and also war reparations that it wants paid from the United States because of all the damage that's been done inside the Islamic Republic. Again, absolutely unrealistic. And so given those two extremes, Kate, it doesn't seem that at least publicly there is any sign of a compromise emerging. What there is a sign of is lots of escalation because over the course of the past couple of days in particular, we've seen Iran fire drones and missiles at all sorts of targets across this Persian Gulf region, really escalating the tension.
- [09:06]
Middle East Analyst
The Iranian backed Houthis and Houthi rebels in Yemen have joined the war in the Middle east, conducting a series of strikes on Israel this weekend. The Houthis are one of the most powerful and important members of Iran's axis of resistance. But this marks the first time since the US And Israel began their airstrikes on Iran just over a month ago that the Houthis have entered the fighting. The situation has been vastly different with another powerful Iranian backed group, Hezbollah, in Lebanon. Full scale fighting between Hezbollah and Israel has been non stop since the start of the war with Iran. And Israel has now launched an expanding ground invasion of southern Lebanon. Vast portions of Lebanon's south are starting to look like the destruction seen previously in Gaza, something top Israeli government ministers have actually publicly called for. Israeli strikes in and around the Lebanese capital of Beirut are also leaving massive destruction. At least 1,189 people have died in Lebanon, according to the Health Ministry, including at least 122 children.
- [10:05]
News Anchor
So the Department of Defense is reportedly preparing for weeks of potential ground operations in Iran. That's according to U.S. officials who spoke to the Washington Post. Those officials said any potential operation would fall short of a full scale invasion. It could involve raids carried out by a mix of special ops forces and conventional infantry troops. And according to an exclusive reporting by the Wall Street Journal, President Trump is weighing a military operation to extract uranium from Iran. But military experts warn any operation would require plenty of manpower, a specially trained extraction team and even a makeshift airfield, which could take several weeks. They say this mission would be the most challenging of Trump's presidency and could ultimately lengthen the war for the world.
- [11:05]
Political Commentator
There is no longer any such thing as American credibility, just a strange reality television show in which the main actor swerves, bobs and weaves his way through crises, hoping that what he says today will solve the crisis caused by what he said yesterday. The day before he threatened to obliterate Iran's power plants, Trump claimed that the US Was considering winding down its military operations against Iran and implied that protecting the Strait of Hormuz was not his problem and could be dealt with by other nations whose imports passed through the strait. At another point, he said he didn't need any other country's help. Businessmen used to rail against previous administrations because of policy uncertainty, quote, unquote. Now they line up to praise Trump as his carnival of chaos roils markets almost every week. Donald Trump has gotten used to playing with the United States massive power, punishing those who don't bend the knee and rewarding those who do. In doing this, he's squandering credibility built up over decades to extract short term goodies, sometimes to the benefit of his own family's business interests. But in Iran, he seems to have come up against an adversary that won't play by his rules.
- [12:28]
Military Expert
Now, one other thing. Troops on the ground. He said no troops on the ground. I don't remember that in any campaign speech either. But why would we need troops on the ground? Well, there's a lot of reasons. And we wouldn't need 300,000 of them. It's this uranium, too. We've got to get the uranium. If it cannot be destroyed, if it cannot be altered, we got to get it for the reason I just said. You can make dirty bombs and over time, you can still make sophisticated missiles. So you need to get to the uranium. That's why I'm reading in the paper we're talking about the 82nd Airborne. We're talking about these various special forces and the various military services and so forth. He's not talking about sending regular army and infantry in by the hundreds of thousands. And you know what else I remember from my days in the Reagan administration? Many of them are trained for a moment like this to try and secure enriched uranium. Many have been trained for moments like this. I guess what I'm trying to say is we are in good hands. No, not with Allstate, but with President Trump because he's a man with enormous intelligence, enormous common sense. He's not an ideologue. He doesn't run around with slogans. He's prudential. He looks at the facts, he looks at the challenge and he's dealing with it. Now you might say, but he's negotiating a peace deal. First of all, did you look at those 15 points that were in the media? You know what that was? That was unconditional surrender. The Iranians apparently said no. The president said okay, who's up Next?
- [14:26]
Stephen K. Bannon
It's Monday, the 30th of March in the year of our Lord 2026. We have a whole lot to go through today as MAGA thinks, through the war, the consequences and what direction we should go. Short commercial break. We're gonna return magnificent cold open our team in Denver, the real American voice team and of course the crack production team in the war room. Short break. Back in a moment. What about when you took your shot and the one you called King? Where is your song for justice? Where is room? Here's your host, Stephen K. Ban. Okay, welcome back. We've got Sam Faddis and we're gonna have Eric Bolling's also going to join us to go through this. Make sure you have all the information, particularly from over the weekend. One thing on the Arab front because we have called for and I wonder why Mark Levins, why, why are we not talking about a combination idf, Arab, you know, get the UAE special forces. There's all types of rumors and it's up on Facebook and different sites in the Middle east that UAE is prepared to freeze the 530 billion or seize it, I should say the $530 billion held at, you know, the Pirate Cove of Dubai and also to reject which I don't think anybody realized they had 99 year visa golden visas for Iranian elites, Persian elites. Remember the Arabs are double dealing you all the time every the world's greatest ally headquartered in in Jerusalem and the in the Arab nations double dealing you all the time. Just remember this as we're in this. And so my recommendation, all this talk about combat troops and ground troops, let's start with the IDF and let's start with the Arab nations. UAE Special forces, Saudi infantry, you know what Qatar's got, what Kuwait's got and people over the week. Oh no, you can't do that, Steve. They're too incompetent. They can't fight. Well, hey, I don't care. No better time to find out than test them. Let's throw them over then. Let's take the first wave. It'll draw out the Iranians and maybe we could kill maybe we can kill the Persians easier use them as bait. I don't give a damn. I don't want to use American kids. Let's use theirs. If you got nuclear fairy, you got nuclear fairy dust over there. You got to get. So this is the latest thing. We got nuclear fairy dust. You got to get. Well, send the IDF in there. They got all the special forces get, get take out detachment. They were rounding up the CNN crew yesterday in the, in the, you know, talking about all kind of violence against Christians over in Judea Samaria. And they rounded up a, arrested or rounded up a CNN crew. I have no problem with that. I'd probably arrest all the CNN crews also. But you know, take up a, take a brigade of that or take a brigade out of Lebanon and let's have them go get the, they got the best intelligence. Let them go get the nuclear fairy dust. Go do it. Do it today. Didn't stop you from bombing the gas fields and which is still the inflection point. That 100% shifted this center gravity of this battle down to the Persian Gulf. So let's, let's go, go send them in today. Let's have the Arabs. I want Arabs, I want UAE and bz, who's the best they got over there. And he's got a real, he's got a real army. It's not huge, but they actually know how to fight. Kharg island, there's your objectives. Go and throw in a couple of Qatar princes. Listen, throw the Saudi princes in there too. Get them out of London, get them out of the casinos and whorehouses in London and get them back to the Gulf. Get him here, Netanyahu's kid down in Miami. Get turf him out tomorrow. Where's dhs? We need him. Get him, throw him out. Get him back there, put a uniform on him. Let's have him in the first wave. It's sick. Let's play Marco. Marco came out of. All you need to do is put the bayonet in their back and they'll. So Marco, little Marco comes out National Security Advisor. Marco comes out yesterday out of the witness protection program finally. So we don't have to have Scott Besson talking war strategy. You should be talking seizing assets. That's what we've got to be doing. You got to go to. You have to force UAE to seize the assets of the Iranian. Let's go. Total war means economic war, information war, all of it before we start putting people in harm's way. Seize their assets. All kind of rumors are finally going to do it. And man if they got 99 year visas, arrest all the ones that got the visas and arrest them all right now. In, in, in, in Abu Dhabi, in Dubai, arrest them. If you got Persians over there, roll them up, throw them in a camp somewhere, put them out in the desert. If you're going to, if you're going to jeopardize our best, the best we have are these young men and women. If we're going to put them in harm's way, hey, they volunteered for it. I got it. They kind of knew what they were getting into. That's all good. And they want to be in this fight, but we have to take every action we can possibly take from our allies, quote, unquote, all of them. The world's greatest ally up in Tel Aviv and our great Arab allies who still have not committed to the. Understand something. They have not committed to this war yet. They're kind of sitting there going, oh, this is horrible, we're getting shelled. We're going to do force majeure and you know, kick the, and throw out the old contracts and ratchet up the new contracts, have you. There's no alliance. Where's their navies? Out there taking out speedboats looking for mines. Hell, they're all in the Persian Gulf and they talk big games. You know, they're going to invest, they're going to invest $9 trillion here. Let's, let's get your military first wave in Carg island, the all Arab second wave IDF, and then we'll reconsider. We'll see how it stands there. Let's play. I want to play Marco again. The war room, engine room pointing out something because. Let's just get Marco and let's see what he's got to say.
- [20:49]
Military Analyst
Well, first of all, it's important to remember the objectives of this operation from the very beginning. We are destroying Iran's navy. We are destroying their ability, their missile launchers by a significant percentage. We're going to wipe out their defense industrial base, meaning their ability to make new missiles and new drones in the future because it poses a great threat to the region. This Iran that you're seeing now, this is Iran at its weakest point. Imagine them two years from now if they had thousands of more missiles, thousands of more missile launchers and factories to make even more. That was an unacceptable risk. It needed to be addressed. And President Trump is addressing it.
- [21:23]
Sam Faddis
Yeah.
- [21:25]
Stephen K. Bannon
And I think implied is the nuclear capability. He only gave three. But the fourth one is the, the force is power projection against neighbors. Power projection. That would be against Israel, against the Gulf allies, that that was always the fourth. They, one they've always, they've admitted now since the beginning, the first week was power projection against their own people because it ain't going to be any uprising. Because that was from the exquisite intelligence that was a miss because we had the Persians at CPAC tell us you have 92 million people and you know, nobody has any guns. You think the Second Amendment's important. Nobody's got any guns. That's why they can't revolt. Sam Fadis the search for President Trump is applying the hammer constantly, but also trying to negotiate. When you shatter as we have, there's no doubt CENTCOM has shattered the regime's elite in the communications and they've cut off the, the Internet. You have different factions and you've got guys in Pakistan talking about one thing, the Turks are talking about another, the Saudis are talking about another, and President Trump's trying to deal with that and find out who in Tehran can actually negotiate with. Walk me through how you think this process is going and how can our intelligence services help the President?
- [22:51]
Sam Faddis
Yeah, I don't think it's going particularly well, Steve. And I think you got a whole bunch of issues. I mean, one is what you just talked about, which is we've gone heavy on decapitating these guys and killing everybody at a senior level who puts his head up. So there's first of all, the question of who wants to put his head up. And even if they trust us, maybe do they trust the Israelis? Because the Israelis so far have shown that the President says one thing and then they go out and do whatever the hell they want. Then there's of course, the part where they have moved to a completely decentralized command structure, which is how they're continuing to function, of 31 different commands that just are authorized to continue to fight on their own. In other words, we cut off the head sort of. But now you want them to act as a unified entity. The last factor I would throw out is why do they want to negotiate right now? I mean, we're beating the hell out of them in a conventional military sense, there's no question. I mean, it's completely one sided, but we beat the hell out of them. And they hold a knife to the world economy with the straits of Hormuz and the possibility of attacking production facilities. So that's. And right now I'm not convinced that they think they have to accept these 15 points,
- [24:10]
Stephen K. Bannon
do they? In the job we've done of decapitation of the regime. Also, given the ideological. You, you don't normally. Or let me ask you a different way, as the intelligence community looks at this and helping and assisting with the targeting, the farther down the chain do you go, do you finally get to, we're searching for Jeffersonian Democrats. Do we ever get. Or you just get harder and harder core colonels and lieutenant colonels who see themselves as the Grand Poobah?
- [24:44]
Sam Faddis
Yeah, absolutely. Well, let's put it this way. You're not going to find Jefferson. That's. That's for damn sure. I mean, yes, you're going to run into ideologues and you're going to run into guys who, who think they get to be king now, and you're going to run into a million issues. And let's be, let's be real here. I mean, our technical intelligence collection capability is second to none. You know, if it's, if it's a transmission in the air, we can, we can hear it and decrypt it. If you can see it from space, from overhead, we can see it. We got all kinds of sensors. Obviously, our human intelligence capability is terrible right now. And we relied apparently, as far as I can tell, on Israeli intelligence, which, by the way, also turned out to be terrible. So now you're into the ultimate kind of area where you would want human, human intelligence.
- [25:36]
Stephen K. Bannon
Right.
- [25:36]
Sam Faddis
This is not about where's a building or what's inside. This is about will this guy work with us? Will he not? Is he telling us the truth? The only way you know that is if you have spies, if you have sources, and, and I don't think we have any worth a damn on the ground in Iran and the Israelis, for whatever collection of reasons have proven that they're feeding us stuff that isn't true. So, you know, that's, that would be your key right now. This is the ultimate time when you need, when you're talking to some Iranian and then when they go in the back room and you, and you're not present anymore, you need somebody who was there in that meeting to tell you what their real bottom line is and hand you, hand you that critical information. And I'm afraid we don't have it.
- [26:22]
Stephen K. Bannon
Yeah, you know, I don't think this is a. You're not fighting Arabs here. As long and drawn out as Iraq was. You're not fighting Arabs. You know, we've had two pretty tough hombres we've had to fight. Had to fought what, in the last 50, 60, 70 years, the Vietnamese, the Viet Cong, North Vietnamese, the NVA and the Persians. Yep. Short break. Back in a moment. Here's your host, Stephen K. Bannon. Birch Gold. Take your phone out, Text Bannon at 989-898. Get the free with no obligation brochure on investing in gold and precious metals in the age of Trump. Most importantly, get you access, direct access to Philip Patrick and his team to talk to them about the end of the dollar empire, what it means, everything about precious metals in this quite turbulent time right now of. Of war. So make sure you talk to Philip Patrick and team. Do it today. Get smart. We're giving you all the information on the war and in capital markets. Make sure you make yourself as smart as possible. The country needs you to think this through. I want to reiterate. Centcom in the United States military is pounding the Persians at a horrific rate. I mean, it's methodical, it's systematic. It's daily. I think there's. Centcom has reported 11,000 sorties or 11,000 targets have been hit, another 3,500 minimum, with new targets coming up every day. So this is relentless. If you're. And I saw some video the other day where they blew up one of the command centers, this is. This is relentless as only the United States military military can deliver both naval assets in the North Arabian Sea, in the Gulf of Oman, and of course, Eastern Mediterranean. And our magnificent airmen. It is, from a military point of view, magnificent to watch if you want your military unchained. And in this situation, I think you have to also, on the flip side of that, think about that for a second. I mean, we've hit some pretty tough hombres from the air and hit them hard. Nazi Germany, we basically virtually brought it to their knees and they wouldn't surrender. Japan, the firebombing of Japan in February, March, And April of 1945 actually was more horrific than the two nuclear weapons we dropped later. The firebombing of Tokyo and the other major cities is something that even the airmen that did it gave them pause and they would not surrender. We hit the North Vietnamese with, I think, more firepower than we had hit. Nazi Germany and the Japanese, I think, combined, they wouldn't surrender. These Persians. This is an ancient civilization. As I go back to my landmark on Alexander the Great, the best we ever had, better than Caesar, better than Napoleon, better than all of them rolled up. They will tell you, Aryan the historian, you see this kind of eyewitness account from these individuals. It's. It's stunning. And that was, I don't know, 2300 years ago. So, Sam Fadish, you've dealt with this in country and other places for a couple of decades in service to your country, understanding that the mullahs and the Islamic theocracy were enemies of the United States and free people everywhere. What's your assessment of this enemy, sir?
- [30:37]
Sam Faddis
Yeah, Well, I mean, let me. Let me say this as a caveat up front. Nothing I'm saying should be taken as we can't win or we have to run away or we've been defeated. All I'm really saying is you're not going to win by underestimating your opponent and just continuing to do something in a certain way that hasn't worked so far. These guys are very tough. They're very committed. You have this whole they are all Twelvers, which means they believe we are headed for the apocalypse, which is their duty to bring on. And on the other side, they're guaranteed to win. That ought to give you pause that they want to bring, you know, reap the whirlwind and believe they will win on the other side. And they are not disorganized. They are very disorganized, very organized, very methodical. They think many moves ahead. You know, these are the guys that literally invented chess. So doesn't mean you can't beat them. Just means you better stop underestimating them. They are not attempting to confront the US Military. They are holding a knife to the world economy.
- [31:48]
Stephen K. Bannon
The Persians are the ancient enemy. Have been the ancient enemy of the West. Right.
- [31:53]
Sam Faddis
Yes.
- [31:54]
Stephen K. Bannon
It was Rome's even more than the Germanic tribes. Right. Who eventually overran Rome. They were. They. And one of the reasons they overran them, the Roman. The Roman Empire got bled out fighting the Persians. The Persians against the Greeks, the Persians against the Romans. They are tough hombres. And guess what? They didn't fight Athens and they didn't fight Rome because they were more Jeffersonian democrats. They were not. And I don't think they've changed a lot. And you've layered on top of a quite dangerous apocalyptic death cult that's you combine the death cult with just the Persian tenacity, etc. It's not to say we can't beat them. You can beat them. But you got to understand, if you're going to beat them, you got to beat them. Right. Or come up with some way to hammer them enough to get them to the negotiating table. And we also know, Sam, correct me if I'm wrong, these are guys that don't. They, they. They, as we've known for the negotiations we try to try to have on all the Obama and President Trump, all these other. They're not guys to come in and shake your. You don't get to a deal with them in the first meeting. They don't take your. Shake your hand. They're amazing. They're bureaucratic because of millennia they've been bureaucratic. They have a whole way that they roll. Their negotiations just go on and on and drag on and on just naturally in any business deal, much less something where they're. They're negotiating their survival or potential survival of their country. Sir.
- [33:22]
Sam Faddis
Yeah. And like in any time you're negotiating with somebody in this kind of hardcore environment, it's all about leverage. Okay, right now what. How are they looking at this? There's a clock ticking on the world economy. If in regard to what is already happening in the Straits of Hormuz. And God forbid they start taking out production facilities and taking things like part of gutters capability is already offline for what, three to five years. God forbid they do that. And it's not a question of reopening the Straits, it's a question of waiting five years till oil comes out. So as long as they feel like they've got that knife in their hand, they're going to be pretty tough to negotiate. And what we are doing right now is not taking away that capability. I'm fundamentally saying if you're going to prosecute this war, you got to stop for a minute and realize it didn't go the way you expected it to. And you got to come up with a. You got to modify your strategy and modify your approach. They are not going to quit, they're not going to surrender, and absolutely there's not going to be a popular uprise.
- [34:29]
Stephen K. Bannon
The inflection point of this war is quite obvious. The inflection point of this war is when the Israelis first off the night that they bombed the facilities. But then really the inflection point became the bombing of the gas field with Qatar. And it totally shifted the initiative to the enemy and it shifted the center of gravity clause. Its center of gravity of this war now is the Persian Gulf in the strait.
- [34:51]
Sam Faddis
Yes.
- [34:52]
Stephen K. Bannon
Not Tehran, where ascent come originally. And we hope to and remember the whole theory of this war and don't let anybody be esha. It was to hit them as harder than anybody's been hit on the surface of this planet ever hit them decapitated and have a popular uprising of millions of Persians, you know, yearning to be free. Well, that didn't happen. We can argue about all that later but now we're in it. So bowling the world. As they taught me at Harvard, the world is an efficient market. Over time with more with when you get more and more information. Tell me about efficient market theory as it applies to the commodity we call oil and natural gas. As every second of every minute is traded on the world's exchanges and is setting the tone and really the underpinning of this conflict. Sir,
- [35:48]
Eric Bolling
no one's bigger than the market. It's basically the same theory. I, you know, I learned it the hard way in the trading pits. Fifteen years in the trading pits. You realize it doesn't matter if the Saudis are buying oil or the, you know, the Iraqis are selling oil. Doesn't no individual, no government, no person, no one's bigger than the market. Markets are wildly efficient when they he, when they scale the size, certainly the size of the oil markets. A couple of big pieces of information over the weekends. The number one, we've basically essentially worked through this cushion. We had a very large cushion of excess oil production and also in storage here in the United States. We've now worked through that and it's relevant in one second I'll tell you why. And the other one is all the oil that was shipped. So we've been talking about how long it takes for a barrel of oil from the time of purchase till when it becomes a gallon of Gasoline takes about 45 days. The last oil pre war oil prices so in others loaded on the vessels have hit our shores right now. Everything after this point going forward will be the higher priced oil. Now think about that for a second. We're already seeing $4 on the pumps here in America and we haven't even started using the higher priced feedstock oil which will start happening within the next day or so. So pump prices are going to continue to go up. We're looking at $103 in West Texas Intermediate as we speak. 114, 15 in the Brent as we speak. Steve, I believe I said this earlier, I believe I said earlier a little bit early, But I believe $120 for West Texas Intermediate is baked in the cake right now. Now I really believe it because I had not realized that all these prices were based on oil that hadn't hit our shore yet. We were, we've essentially run out of cheap oil into our refineries. You're going to see a $5 gallon of gasoline. I have no question in my mind about it. Where the hell are the Arab ground troops? Like you mentioned, why Aren't. These countries are supposedly our allies putting their boots on the ground. They have probably a lot more at stake than we do. We're not being bombed essentially here in the United States, they are. And we're more importantly where they're not.
- [37:59]
Stephen K. Bannon
Hold it, hold it. They're not. Hang on, hang on, hang on. Where the Iranian people first are having hell rained down on them, right? They're having, held. They're having hell rained down on them. And if they come out and say, hey, we hate the guys running this thing, they'll probably be killed. So I'm not. But they're not. You're not gonna have an uprising, at least not anytime soon. Let's go back to the Arabs though. The Arabs are doubling and tripling their wealth right now. Remember the Saudis took Saudi Aramco public and, and folks, think about this. It's the biggest because they've nationalized all the, all the, all over there. They took it public and this is what it was so screwed up. They couldn't take it public in New York, they couldn't take it public in London. They couldn't even take it public in like in Shanghai, some places that. Or in Vancouver. They had to create their own exchange to take it public in Riyadh. Why? Because the, the, the disclosure documents were so God off and first they wouldn't disclose a ton of stuff, principally how much the royal family is just stealing right off the top. These are not, these are not good guys. The Qataris are not good guys. UAE is the best of the lot over there. Mbz, he's double dealing as he tried to do a Chinese naval base years ago. The Arabs are double dealing their net worth from the time this war started with oil at 50 bucks a barrel or 55 and Trump trying to drive it to 40. Because remember the underpinning of the Trump economic revolution is full spectrum energy dominance led by boom. Getting oil and gas down as cheap as you can possibly get it. With their lifting costs at 30 bucks now and their lifting costs gone from what to $3 back in the old days to 30 because of their graph corruption and incompetence. Right. Just late natural laziness. Their net worth has gone. Their assets in the ground, which is a depleting asset, has increased at 110 bucks or what's Brent right now? 113, 114. It's gone up a couple times. 114. They're loving this. Now they're gonna have some cash flow problems. This is why I think they're selling Gold like crazy. There's some. They're going to have some short term cash problems, but their net worth, the nation's, the nation's value is going up exponentially. And they've got these armies. We've been giving them weapons for years and buying it. Hey, I want to see all the young princelings in Saudi Arabia. I want to see all the guys in Dubai. I want to see all the influencers saying it's the greatest place in the world to run around babes and bikinis. Put them in a uniform, let's get them over to Kharg Island. Put him in a uniform today. Put all the princelings in Saudi Arabia. In fact, get mbs. He's all talk. Put MBS on a white charger and let's get him down there with a big Arabian sword, that big broadsword. Let's do it. They're the ones making the money here. You don't think they're gonna rub your nose in it later? Au contraire. Short break bowling at Fatis on the other. Till they're all gone. We rejoice when there's no more. Let's take down the ccp. Here's your host, Stephen K. Ban. Okay, the whole next hour we have non war news related content because we have to get to that. But coming across in an exclusive at the New York Post just and we want to thank the Baltimore engine room for getting this right away. Trump tells the Post his response to Iranian regime coming shortly after Tehran attacks Israel's biggest oil refinery Washington, D.C. president Trump on Monday put Iran and the speaker of the Islamic Republic's parliament on notice after Tehran attacked Israel's biggest oil refinery and told the Post his response is coming shortly. Iran escalates attack on infrastructure by striking a water and electrical plant in Kuwait. And an oil refinery was set ablaze in the northern Israeli city of Haifa after the Iranian missile attack. Asked by the Post what his response to the strike will be, the commander in chief told the New York Post, you will see shortly, Sam Faddis. They're giving as good as they got. I put up earlier that Haifa attack also in Kuwait. And this is one of the reasons people say, well, you're being too hard on the Arabs, Steve. They're, they're in the middle of this. They didn't ask to be put in the middle of the shooting gallery. Hey, sorry. Tough break for some swell guys. We need you to step up. Sam, your thoughts right now. President Trump says he's going to come back shortly. We're going something Tells me a little bird tells me maybe we're going up the escalatory ladder. Sam Fadish, your thoughts?
- [42:41]
Sam Faddis
Yeah, I think that's exactly where we are. I don't think this thing is winding down soon. I don't think we're almost at the end of this at all. And you know, I just keep stressing, okay, look, I'm all, I understand we can't hit the rewind button. We don't get a chance to go back and say, let's not do this. Okay? But what we can do is we can say let's. What we, what we thought was going to happen didn't happen, that didn't work. Let's stop just doing the same thing over and over, expecting a different result. Let's pause and come up with a strategy that is actually a winning strategy here. And the first thing is we got to take some pieces off the board as far as the Iranians are concerned to stick with my chess reference, meaning their capacity to threaten to close the straits and also to threaten production facilities, desalinization plants, has to be taken off a board and that's going to take more than just more sorties. And I'm not denigrating the US Military, they're, they're blowing the hell out of the place. But it is crystal clear that these guys can make drones faster than we can shoot them down. So. And I think that you watch the Gulf states, they have figured that out already because that's why Zelinsky and the Ukrainians are all over the Gulf now selling these guys their drone defense capability. They understand we got to put up a wall here and stop these guys from, from being able to threaten us this way.
- [44:19]
Stephen K. Bannon
Eric Bolling, your thoughts about this? Now they've, the Iranians have gone and hit these. Go ahead.
- [44:26]
Eric Bolling
Sir, I'm concerned about something. I also heard over the weekend that this, you want to, you want your theory to be proven correct right here in, in practice, not in, in rhetoric or theory. Yeah, Israel hit, hit an Iranian LNG plant and that pissed them off. And they, they're retaliate. They're retaliating right now. That's causing prices to go higher. It's a two pronged effect. Good for them. The war dividend that we've been talking about, but also the Saudis. The Saudis threatened to force majeure. Think about that for one second. Force majeure means you can't deliver, whether it's act of nature, act of war, whatever, but you cannot deliver the most. The country with the most reserves in the ground with the most second highest producing country in the world. Maybe the first says they can't deliver oil. What, because of tanker? They got 7 million barrels flying right through their pipeline right now. It's all B.S. i almost said the bad word. It's all B.S. they're all in this. They know higher oil prices are good for the region. Israel, Saudis, all our allies included with the Iranians. I said earlier, Steve, I'm not so sure. There's not a wink in the nod going on throughout the Middle east. Flying back and forth on telegram like, all right, we're going to hit this, this electrical plant or your, your water plant over here. Make sure you don't have any of your Saudi people or your Kuwaiti people there because they all are thriving on higher oil prices and that tells me it's going to go a lot higher.
- [45:53]
Stephen K. Bannon
By the way, there's reports another one of our engine rooms is telling us, I'll check it out in a moment. That they might have hit the other pipeline, not the Saudi pipeline, but the uae, the Abu Dhabi guys have a pipeline also. And supposedly Iran has hit this or at least target. So they're playing, they're playing the smart game. Eric, real quickly, what should people look for over the next 24, 48 hours of importance? What are you, what are you looking at the audience?
- [46:19]
Eric Bolling
I think for the first time, Steve, something happened since the war started. Oil prices were substantially, are substantially higher today. And the stock, the equity market is, is finding its footing right here. So it's possible that there are two different factions going on. The oil people who are, you know, see what's actually going on in the physical market, the delivery market, the transportation market. And they're very, very bullish. Maybe the equity market is listening a little bit too much to the administration saying, hey, we're going to get this thing fixed soon. Doesn't look like there's any end in sight to this unless they make a deal.
- [46:54]
Stephen K. Bannon
Where to go social media? Where do people going for your new
- [46:57]
Eric Bolling
show at Eric Bolling at Eric Bowling across social media there the Edge. Love you guys for doing it. But Steve, it's really, this is really important information that we, we continue to hammer out on on Real America's Voice. Four o', clock, me, five o'. Clock. You addition to your earlier show, this one.
- [47:10]
Stephen K. Bannon
Well, we'll talk, we'll talk about it at 4 o'. Clock. Your idea about working out some deal. The president is a little more blunt wording, says, hey, we're going to seize their oil assets. We'll get into that. Maybe in a transition from four to five. Thank you, brother. Great work. Sam Fatis. We have the gray beard on here for a reason. You're kind of the. The. The guy that's been over there. You know these people. You know how tough and relentless they are. And now they got a death cult layered on top of it. Where do people go to get all of your insight? Sir.
- [47:44]
Sam Faddis
And magazine @substack a magazine.substack.com
- [47:50]
Stephen K. Bannon
thank you, sir. Appreciate that. It the president. United States has just warned the Persians that he will respond shortly with their expanded attacks on oil and water assets. And remember over there, water is almost as precious as oil. Hit in Kuwait. Major strike in Kuwait and in Israel at Haifa. We're gonna stand by and wait for it. In the second hour. We're going to pivot here. We got so much going on inside the wire as people try to destroy this country from the inside. We're gonna get to all of that. Birchgold.com make sure that you've got the same financial stability. The central banks of the world that are buying gold at record rates, although some of them may be selling right now to meet cash flow needs. Birchgold.com promo code Bannon. Enter the dollar amount empire. Get to Philip, Patrick and the team and talk to them today. Talk to the experts. It ain't the price. It's the process. Process a little complicated right now. You got to understand that. Short break, two minutes. We're back in the world for the second part. This is an iHeart podcast.
- [49:06]
Sam Faddis
Guaranteed Human.