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Stephen K. Bannon
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Stephen K. Bannon
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Eric Bolling
So that whatever dollars they were holding are becoming less and less and then they had to replace it with something. What's going to be the replacement? We're not sure yet, but gold will be the great place to put it. It's a store or a value, a major store of value for 250 plus years or longer, maybe a thousand years. But the US dollar has done nothing but decline for the last hundred years, elevated during any sort of inflationary periods. And this, taking the US dollar as the the reserve currency for global trade will just put a nail in the coffin of the US dollar. It'll tank and everything we have here in the United States will become more expensive. There are those who might like it. Big fat cat real estate owners may like that because the same house becomes worth more. But your rent's going to go up too. To rent that house if you're not the owner of it. It's a bad, bad, horrible situation economically
Stephen K. Bannon
for the US the interesting thing is this, this is happening during a time when you see that classic flight to safety that the US dollars already always had. Anyway, Eric, we'll have a lot to talk about tomorrow. Sure. There's going to be a lot of action in the markets overnight as people work their way through the ceasefire. Is it going to hold? Is it not going to hold? What is the, what are the markets? Tell us.
Eric Bolling
This afternoon we went up against it.
Stephen K. Bannon
The ceasefire is going to hold.
Eric Bolling
Earlier when we spoke it was 103. Then it came crashing down four or five dollars a barrel when Bibi said he would meet with Lebanon. And it's working its way back up. We're right at a hundred dollars a barrel again. Somehow it just is resilient because these oil guys, they see, they see the future and they're very nervous about oil higher. So they're, they're buying in anticipation of higher prices, unfortunately.
Stephen K. Bannon
Eric, where do people get you on social media?
Eric Bolling
Right here bowling, but also doing some morning. We'll do all that later because this is more important. I don't want to sell stuff right now, Steve. I want to be with you and Talk to the people about what's really happening, because again, we're talking about stuff that's happening in the future. And a lot of the stuff we talked about 40 days ago, 20 days ago, 10 days ago, are happening now. Let's talk about what's happening in the future. That's where you get it. You can watch Fox, you can watch, you know, puppies and rainbows and what happened yesterday. But watch Ban and Worm, watch Rev, watch bowling. You find out what's happening next. I'm not kidding, am I?
Stephen K. Bannon
The closest thing we have to a puppy is Eric Bolling. Thank you, sir. I appreciate you. I'll see you tomorrow morning, sir. Thank you, Eric. We're gonna do a cold open. We've got a lot of stuff breaking this afternoon. We're gonna do a cold open and then Philip Patrick's gonna join us. But the show's absolutely packed, so let's go ahead and let it rip.
Philip Patrick
Today there is major movement to bolster the fragile two week ceasefire between the US And Iran after Israeli strikes reportedly killed hundreds in Lebanon on Wednesday and
Stephen K. Bannon
put the truce in limbo.
Philip Patrick
President Trump said in an interview with
Stephen K. Bannon
NBC that he asked Israeli Prime Minister
Philip Patrick
Benjamin Netanyahu to be more low key on Lebanon. But moments ago, here was Netanyahu.
Mike Lindell
I want to tell you there is
Terry Schilling
no ceasefire in Lebanon.
Stephen K. Bannon
We are continuing to strike Hezbollah with force and we will not stop until we restore your security.
Terry Schilling
Following repeated requests from the Lebanese government
Stephen K. Bannon
to open peace negotiations with us.
Terry Schilling
One, the disarmament of Hezbollah, and the second, a historic sustainable peace agreement between Israel and Lebanon.
Philip Patrick
It just seems like Israel doesn't care about this cease fire. They're going to continue to pummel Lebanon even if it jeopardizes the relative peace that has been established to prepare for these upcoming talks. Explain that dynamic why Israel is so focused on Hezbollah that it's willing to put so much on the line.
Michael Weiss
I think the one unmitigated success in the minds of the Israeli security leadership, and particularly Mossad, was disemboweling Hezbollah after the October 7 military campaigns, of which I think this war in Iran is sort of the culminate culmination. We all remember the famous pager gate, the dropping of an enormous bomb on a complex housing Secretary General of Hezbollah Hassan Nasrallah. The utter decimation of their leadership. Israel had split, spent two decades since the Second Lebanon War basically mapping the terrain, figuring out everything about Hezbollah because they anticipated this was going to be the next regional conflict. Right? So for them, I think this is they want to deliver the coup de grace. Now, it's true that reporting suggests not only was Israel down on the idea of a ceasefire with Iran, but they insisted that Lebanon not be on the table in these negotiations. You just played a segment of JD Vance coming out of Hungary saying the Iranians got it wrong. We never said Lebanon. So that, I think will offer incentive, if not carte blanche, to the Israelis to, to escalate. And indeed, I mean, just after the cease fire was announced, within hours, it was the biggest, single biggest day of escalation on the Israeli side against Hezbollah. Now, the danger here, if you talk to Lebanese, and I have a lot of friends who live in Beirut, quite a lot of Lebanese were happy to see Hezbollah, you know, eviscerated because they saw that Hezbollah was a. An actual deep state. They had control of the country. They were dragging the nation to war.
Philip Patrick
But Hezbollah have so much control because that's. It's a separate entity than the Lebanese government.
Michael Weiss
This was the kind of crowning achievement of the IRGC's power projection project. The late General Qasem Soleimani kind of constructed this apparatus. Hezbollah is not just a terrorist organization. It is a paramilitary. They have administrative services. They are a political party. But if ever the term deep state should apply, it ought to apply to this organization. They control the airport, they control the security apparatus. They had penetrated the Lebanese armed forces, you name it, there was a finger in whatever pie in Lebanon. So Lebanese who are joyful to see Hezbollah finally kind of extirpated from all of these apparatuses now are beginning to get very upset and nervous because this is affecting the civilian population. Right. And the one thing you don't want to do is alienate people on the ground who might be amenable to seeing, you know, sort of emancipation from this terrorist.
Philip Patrick
Right.
Michael Patrick Leahy
And reports
Stephen K. Bannon
that is Michael Weiss. And I think that one of the reasons we do cuts and he's on more and more, is that he's got a way of explaining things right there. He cuts to the chase about Hezbollah. As much as I've had a problem with this war continuing, expanded, being in Lebanon, there is some justification for the simple reason. They're just not a terrorist organization. They are a paramilitary. At one time, I think you argue the best light infantry, maybe outside of IDF in the entire Middle East. So that whole situation. Now, you heard Bolling when it was announced earlier that the Netanyahu government was prepared to begin discussions, oil dropped again. Now, as people are thinking about it, that's where this truce is very fragile. And the president and his team are trying to work through this and grind through this. Philip Patrick joins us. Philip, you have been on here for a while warning about this, but it's always nice to get an outside validation, particularly from a group as respectable as Bloomberg. Now Bloomberg, Michael Bloomberg owns it. But when we talk Bloomberg, we're really talking about the information that goes to the terminal. When we say the terminal, that's to every essential bond trader in the world. Yes, equity people have it too also, but it's principally Bloomberg came out of the bond department. He was a bond trader at Salomon Brothers back in the 1980s when they were known as Masters of the Universe. If you ever saw the read the book Bonfire, the Vanities or saw the movie with Tom Hanks back in the 1980s, the masters of the Universe were then considered the bond department of Solomon. I was Goldman Sachs and that was more M and A and equities, but Solomon kind of controlled corporate America through the bond market. So Bloomberg came with this idea to put breaking information, important information right on a terminal that a bond trader wouldn't have to read the newspaper or go anywhere. And so today, Philip, I want you to take a moment and walk through this. A very important story came out from Bloomberg and guess what? It's about the US Dollar and how this entire situation in the Middle east and particularly as the center of gravity of this war have shifted to the Persian Gulf and the Strait of Hormuz, that this is going to have a major impact on the dollar going forward. And I just read the opening paragraph, Philip, about gold reserves, all of it. But when you read this, you sit there, the war room audience, maybe people that are on bond desk or read the Wall Street Journal, the Financial Times of London, maybe they're sitting there going, this is interesting. I hadn't thought about this. The Wharum posse would not be part of that group because you have preached this for a while. But we were validated today by Bloomberg. Walk us through what this piece tells us and why is it important?
Philip Patrick
Look, as you rightly point out, it was referencing things we've been talking about on the war room since 2022, and that is that broadly the rules of the global financial system have changed. And the Iran conflict of course, is just another milestone in the longer term decline of dollar dominance that really began under President Biden. Now what's really changed? We've talked a lot about weaponization and we're seeing it now weaponization of the entire financial system. And it's not just one thing Right. Seizing Russia's assets and reserves was certainly the catalyst. But now we have tariffs, we have financial sanctions, and now we have conflict spillover. Right. Iran's declaration that any institution that owns US Debt is, is now a legitimate war target was very telling. And it shows us that the Iranians are pretty smart. They understand our Achilles heel, and they're trying to exert pressure from the inside. But look, I don't think this is necessarily a story of collapse. The dollar doesn't fall overnight. But what it does instead is it erodes milestone by milestone. We saw it exactly the same thing with the British pound. Right? We saw the economic damage of World War I, the Great Depression, Bretton woods, the Suez crisis, all steps down the path to the same destination. Not necessarily an apocalypse, but death by a thousand cuts. And it's exactly what we're seeing in the current climate. Now, what I don't want to do is come on here and give a history lesson, but I want to describe a precedent. Right? It isn't just one thing. It's the cumulative damage of decisions made over years and decades. Dollar reserves have been trending down, really, since 2013, long before anybody was really talking about this. But today, we can see it manifest in the numbers. Central banks used to buy dollars when the dollar fell, sell them into rallies, but today they're not. And that is a massive change in dynamics. And at the same time, we need this demand today more than any other time in history. Scott Besson is auctioning off $8.2 billion in new debt every trading day this year. So demand matters today more than any other point in history. To sort of summarize, the global financial system has worked for years by treating US Government debt as if it's risk
Stephen K. Bannon
free, but it's only risk free while
Philip Patrick
global trust remains intact. And that's simply not the case anymore. And we're already starting to see how this is playing now in the real world.
Stephen K. Bannon
I want to say also I'm going to connect some dots here to what we've been talking about. When he says the weaponization, as you remember, we went crazy when, when the EU seized. Not just. Not just seized, but then we're going to monetize the Russian. The Russian people's assets, not simply the government, but. But really what the government held for the people of Russia. They were going to seize it, they were going to monetize it, and they were going to actually pay because they didn't have the money. As we kept telling you, they were going to pay for their Ukraine war. Defense with the Russians, cash. And that was the first thing, I guess, in the Biden administration that went crazy. I have been an advocate of kind of that economic war here. And I realize that plays into this whole question of the weaponization, because the power of what Scott Bessen did back in December and January to break, was it the rial, the currency of Iran? This was the thing that forced the people out to the streets. They thought the government was going to come down. And I kept advocating, hey, you can bring these guys down without firing a shot. You don't need this massive military buildup. Besson's showing you how you get a revolution going against regime when that for whatever reason was called off. I've made a huge deal, Patrick, about the only way these guys, the mullahs, finance themselves. They got two ways. They monetize oil to essentially the Chinese Communist Party and now India. But really the ccp, they get cash. They're coming through Hormuz, past a couple of carrier battle groups, through the Malacca Straits to China. The other way is in, is in the, the Tortuga of the Persian Gulf, like the Caribbean pirates used to have in the British Empire. You've got Dubai. And this is why I say you can't trust any of these guys. Dubai has been the way they've laundered the money. And all the assets of the Iranians aren't really sitting in Switzerland. Maybe some of the mullahs and the Anatolas, but the way they fund the government is in UAE and Dubai. And I was the first to say, hey, if we're going to send young men and women in harm's way, seize those assets. Now that does play into this weaponization, where the rest of the world goes, well, hey, if the dollar denominated assets can be, can every time Trump wants to or government wants to, they can just grab it. That's much worse than the EU taking the Russians in. Basically European banks that are in, you know, the, the kind of, in, in EU denominated, you know, currency. And so this has led to this. And now you've got these central banks shying away from dollar nominated assets and going right for gold. We're going to get into all of it. But this is a major impact. And this is part of the financial war, the economic war that you have to decide, are you going to use the Swiss system, Are we going to start seizing assets? Are we going to blockade? Scott Besson, I think now is talking about doing what I've called for a long time, a quarantine or blockade in the Gulf of Oman. Just stop them all from coming out of Hormuz and don't let anything go forward. Short break Philip Patrick on the other side
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Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi asset portfolio of stocks, bonds, options, crypto and now generated assets which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one of a kind index and lets you back test it against the S&P 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com podcast paid for by Public Investing Brokerage Services by Open to the Public Investing Inc. Member FINRA and SIPC Advisory Services by Public Advisors llc, SEC Registered Advisors Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete Disclosures available at public.comdisclosures Ever wonder
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how to make hosting look effortless? Here's a secret. Getting ahead of the mess with new Reynolds Kitchens Countertop Prep Paper Just lightly wet the counter beforehand so the paper grips and stays in place. Then lay down the Reynolds Kitchens countertop prep paper so drips and spills stay on the paper, not all over your kitchen counter. You can roll out dough, prep a party spread or cook alongside family. When you're done, cleanup is as simple as lifting the paper and revealing that clean counter underneath. Effortless. You can use it for cooking and baking prep and even crafting, especially when you need extra working space. Because when the mess is already handled, you can focus on what matters the food, the people and the moment. It may look effortless, but now you know. It's Reynolds Kitchens Countertop Prep Paper. Take a tip from me. Wet it, set it, prep it. Done. Make it easy. Make it with Reynolds Kitchens Countertop prep paper, available now in the Reynolds Wrap aisle in Walmart.
Public Podcast Announcer
Here's your host, Stephen K. Band.
Stephen K. Bannon
Okay, if the other conservative cable news channels are showing puppy dogs and you know they want to talk about the their new egg omelets is because they don't want to spend time and talk about what this War is really about and how we're going to work our way through it as a country and as a political movement. Why did we start with end of the dollar empire six years ago and talk about the history of this country and populism and fiat currency and the whole history of the populist movement and what it meant about, you know, the Jekyll island and the Federal Reserve and Federal income Tax and all of it, and tie it together and talk about current times, because we knew this day was coming. What day is that? The day that just like in the British Empire, in the British pound, enormous, enormous pressure would come on the financial system set up and structured after World War II, particularly centered around a place in a system called Bretton woods, which was a financial system that put at the heart of it the. Put at the heart of it the US Dollar as the new prime reserve currency to pick up from where the British pound, it could no longer rest on its shoulders. Their economy wasn't deep enough, their capital markets weren't deep enough, and post World War II as the victor. Remember, we were the victor for one of the simple reasons that nowhere really in mainland United States, we were intact. Germany was shattered. Continental Europe was. Much of it was shattered. Japan was basically driven back to virtually the Stone Age, same with mainland China. So there was massive, massive dislocation to the fact that we had to step up and write the check for something called the Marshall Plan to put the Europeans back on their feet. I think that's one of the reasons President Trump and others of our age group are so furious about NATO and why NATO stiffed us here in this crisis in the Middle East. But the dollar, our system, is under assault. It's under assault first, number one, the elites in this country have done a horrible job of mismanaging all of this. And you're going to see this this week as we talked about, Russ Fot's going to go testify to the House Budget Committee, and that is there's going to be a firestorm because of the $39 trillion in debt. And quite frankly, the Wharton School, which President Trump's a graduate of, says there's really $100 trillion of debt resting on the shoulders of the dollar. This war has only exacerbated the economic warfare, and financial warfare around this war is also exacerbated. But nations of the world that don't have bad interests in mind with the United States are sitting there going, hey, look, I got to think this thing through. Do I want to be that loaded with dollars or I want gold. But the enemies of the United States see a perfect opportunity, particularly the BRICS nations led by, wait for it, the Chinese Communist Party. And this is why I'm a big advocate. There's no need to go to Islamabad. That's just you're dealing with grundoons that can't deliver and can't execute a deal. Get you're going, you've got a state visit set up in mid May with the Chinese Communist Party and Xi and you'll be in the room principal to principal. And this has got to be one of the aspects of it. Philip Patrick End of the Dollar Empire birchgold.com, promo code Bannon, you get it. We got the eighth free installment that we talk about the pressures on the dollar even before the war started. This is something we've worked on for the last five or six months. We edit a little update about the war but the pressures that were already on the dollar as the prime reserve currency and trust me, the two things that matter in your life every day you should check is the US dollar and the ten year bond because that more those two instruments kind of are proxies for kind of capital markets and that is very important to you. Your credit card, your car loan, your home loan, your student loan, all of it. Philip Patrick, your thoughts?
Philip Patrick
Sir,
Apologies. I was saying absolutely these are high level concepts that we're talking about. It's US government debt, it's debt service, it's borrowing rates increasing. But as you rightly point out, they sound like high level concepts but they affect everything that we do from mortgage payments to home loans and absolutely everything. So this is going to be a very important topic moving forward. We're seeing the mainstream media now catching on, understanding there's a problem. And I think the more people sort of understand where the issues are coming from, the more that they can prepare for them. And that's what we were trying to achieve with the end of the Dollar Empire series is wasn't a suggestion that things are collapsing tomorrow but, but more of a warning to people. We're heading down a very dangerous path and there are ways that people can protect themselves. Central banks today are turning to gold at higher levels than ever before in history. I mean the last four years were the four biggest years for gold buying in central bank history. Central banks have been buying gold for thousands of years. If that doesn't tell people there is a real problem on the horizon, I don't know what will. But that's why for us, the end of the dollar empire Reports, you know, the War Room itself, such an important vehicle to educate people. Because I think the more people learn and understand, the easier things will be.
Stephen K. Bannon
Listen. And I understand that the War Room's not for everybody. It's just not. We're, I've never produced this and never made this, that it's going to be for a mass audience. It's just not. It's going to be for people that are self selected. Working class people, middle class people, maybe many people don't have college education. You don't need a college education. We'll give you an MBA if you watch this. And we're adamant about a big part of the broadcast is about capital markets because the world breaks down into money, power and let's be honest, faith, faith in our different faith systems play into this a lot. But if you don't understand the money, you don't understand the money part of it, the capital markets part of it. You can't understand the power part of it. It's absolutely essential. And for cable TV networks that don't do it, that's fine. They have a different audience and the audience doesn't want to push themselves. We raise the bar high. We understand this is a tough show to follow sometimes, but it has to be. Why does it have to be? Because we have to build a cadre of populist nationalists that really understand how the world works. And what all this convergence of all these factors now we've had like sanctions. You know, I'm a big sanctions guy. I was adamant that we just stuck and really stuck. This is why it upsets me so much that our ally, quote unquote, in the UAE in Dubai, allowed the Iranians open secret that they used the banks to launder their money. It really hurts the sanctions. The sanctions are a big part of economic warfare. You want to bring the mullahs to their knees, go after their currency, Go, go. Shut them down on sanctions, Penalize everybody that deals with them. President Trump's the other day, not war room. President Trump said 50% tariff on anybody that sells them arms or ships them arms. That ought to be part of an interesting conversation in Beijing on the 15th because the Chinese Communist Party through various fronts are the biggest arms supplier for the Iranians. Okay, so this war. But that all blows back on people saying, hey, do I want that much dollar exposure? Because I either don't trust the Americans or I don't like the Americans or I don't like that the Americans have all this power. Philip, Patrick, your thoughts, sir?
Philip Patrick
Look, I agree and Sanctions can be a very powerful weapon. As you mentioned, we saw Scott Bessant use them expertly and exert maximum pressure on the Iranians in December of 2025. The concern though is that once you use sanctions, people know it and they start to bypass. Look at the Iranians now looking to charge ships through the state of Hormuz in crypto, right? They're not looking to reform the system, they're going to go around it. It's exactly what we saw with Russia and it's exactly what we're seeing here play out. And I think the word that you use that is very important is trust.
Stephen K. Bannon
Right?
Philip Patrick
And I think trust is largely why central banks around the world are quietly shifting into gold. Not because it is a hot trade, it certainly is in the current climate, but that's not what's driving central banks. It's because it's neutral, it's outside the debt based financial system and it doesn't carry political risk. By the way, global reserves of gold today have eclipsed now dollar reserves adjusted for valuation effects. It's a net, net comparison. But that's the first time since the International Monetary Fund started publishing data 30 years ago. So this is a real problem. Yes, I'm a believer. Look, exerting economic pressure is going to be key, but we've got to do it in the right way.
Stephen K. Bannon
This is, this is, it's why, it's that tripwire is why Bloomberg wrote the piece today because gold reserves are more than dollar backed reserves. That is a significant marker. We have told you this day's coming, right, for a couple of years now. And guess what? It came. We have to know about the implications of it. And that's why you've got to get whether it's about your country, about you better as a populist nationalist in a political movement or if it's just about your community, your family or your own personal finance. This is something you have to understand. It ain't the price of gold. It's the pattern recognition of what drives the value of gold and why it's been a hedge for so many thousands of years. And it's quite ironic that where civilization essentially we felt started right in the Tigris and Euphrates back in this part of the Middle East. Now we're having this discussion in the 21st century as we have AI about to overwhelm us. We're back to really the beginning. I want to make sure everybody goes to Birchgold promo code Bannon end of the Dollar Empire 8th free and Swanwick the other seven are free. If you want to get the book, I'm proud to say we are out. The reason has been overwhelming demand but they'll be back in stock. Put your name down but get the latest edition. Read the first seven edition. First seven installments. You'll be smarter for it. You'll understand how the world works. We're not here to make you the smartest person in the stands at the little league. Are the smartest person at the backyard barbecue. We're here to make sure that you understand how the world works and that you can use that as you apply your human agency in every endeavor that you do. Philip Patrick also take your phone at text ban. It's simpler ba in annoying. 989-898 get the ultimate guide for investing in gold and precious metals in the age of Trump. Most importantly, you don't have to listen to me. You get to go to Philip Patrick and his team. I promise you if you do that Birch Gold you will connect with Philip Patrick. A team. You can talk to some experts. Philip, thanks. I know it's tough on these days to break away, but the Bloomberg article I thought was most important to get you on here today. So I want to thank you for it, sir.
Philip Patrick
Thank you, Steve. Thanks for having me.
Stephen K. Bannon
Philip Patrick, Grace and moan. Elizabeth will figure out how to get this Bloomberg story out. I want everybody to read this. Okay. Of course I keep saying the threat to the United States of America, the imminent threat to the United States of America ain't in downtown Tehran. It's not even buried under the rubble in Tehran. It's inside the wire in the United States of America. And I've got Julie Pickering, Michael Patrick Leahy out in Nashville and Terry Schilling. And they're going to join me and they're going to tell you exactly why after a short commercial break in the war room.
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War room, here's your host, Stephen K. Band.
Mike Lindell
Okay.
Stephen K. Bannon
The sponsors are here to help make your life better. One way is to make sure you understand the segments that they represent. A work in chapter 845 war room called a free consultation. No obligation, totally free. They'll look at your Medicare plan, which is so mind numbingly complicated. And part of that's for a reason. Because there's $100 billion of fees out there annually. Think about that. And the insurance companies want to make sure that they cut their way. What chapter wants to make sure it cuts your way. It's very simple. Totally free. 845 War Room. Tell me part of the war Room posse talk to one of their consultants today. It's a totally free phone call, so go check it out. Understand from the company that people are coming from the worm averaging I think $1,100 on savings. But each case is going to be different. You go check it out today. 8, 4, 5 war room. As I said, the imminent threat to the United States of America is not in downtown Tehran, in below the rubble. It is what's happening in states like and I'm not talking New York and California. Get that out of your mind. They're gone. I'm talking about the great state of Texas and Tennessee and Nashville, Tennessee. I've got Julie Pickering and Michael Patrick Leahy. Julie, first, how's it going at the education board? People in this audience across the nation particularly are overwhelmingly in support, but they're in shock of what you guys are even having to go through. Can you guess up to date?
Philip Patrick
Yes, sir. Hi, Steve. Yes, I think you have your war room and I have my war room this week.
Mike Lindell
So.
Philip Patrick
Yes. But I just want to say a very heartfelt, very big thank you, Texas. Thank you to you and to the patriots who watch this show because you have, you have, you have showed up and you have spoken up and you are having a direct impact on what's happening in education in Texas, which will have a direct impact on what's happening in education. We had over 200 people show up this week for the freedom rally that you helped with. And I'm just so thankful to Bob, my heart and I have already two pages of list of huge wins because of the influence of the war room and the influence of your viewers. So I just want to say thank you and if you'd like me to tell those wins they're big and I would love to share these wins with you,
Stephen K. Bannon
Julie, give us a couple of the wins and then I want to talk about what we still need to do because my understanding, I don't know if you're going to vote this afternoon. I know you've been jumping back and forth where we've had you on here, going for votes of what the process goes tomorrow. But this audience, 1,000% has your back. Can you give us a couple of wins that they can think about?
Philip Patrick
Yes, sir. So we, we added these are amendments that I submitted that were passed. We added teaching students a part of good citizenship, saying the Pledge of Allegiance, the US And Texas flags, standing facing the flags with a hand over your heart. We also added that pilgrims came to America to seek religious freedom, political freedom, freedom and to freely worship God. We also added, these are all my amendments. We also added the Mayflower Compact was an agreement to work together, choose leaders, and follow rul based on Christian values. We also added that students study U.S. and Texas history through story symbols, important events that highlight freedom, unity, and patriotism. So we added in patriotism, we also added that the Texas flag, the beautiful Lone Star flag represents unity, the red represents bravery, the blue represents loyalty, and the white represents purity. Another great win was that we, you know, food production is under attack. Where our food comes from is under attack. So we added in the importance of ranching and farming for food production. We also added in that the pilgrims crossed the Atlantic Ocean from America, from Europe to America to seek freedom to follow their. Their religion and to practice their faith in God. And then, you know, and we also have what we call the Texas Thanksgiving, where it was a Thanksgiving that happened in El paso in the 1500s. And we added to that story that the whole purpose of that Thanksgiving was for also to give thanks to God. And then another great thing that we've added, it hasn't been in Texas education, hasn't.
Stephen K. Bannon
Julie. Yeah, hang on for a second here, because we don't have time to go through all. But those are wins. But they would seem to be. People are kind of shocked that's. That's not in Texas school books right now. That's not a radical theory. Just walk through. Why is that in school books? And how do we have a terrorist organization like that's been designated terrorist organization? Ain't the war room saying. Or Stephen K. Bannon. This is the governor of Texas, governor of Florida, head of the uae, head of Saudi Arabia, President of these United States. How these wins seem important, but we're kind of shocked they're not done already. And number two, how does these Islamists even have standing to come in here and threaten the pilgrims and the Alamo and the Lone Star flag, ma'. Am.
Philip Patrick
Oh, Steve. These wins are revolutionary in public education, not just for Texas, but for all of America. The fact that we're going to teach the black robe regimen now, that was the another huge win of teaching the importance of the black robe regiment. And the pastors that were involved in the black robe regiment, that hasn't been taught anywhere in America in public education for over 60 years. So these are huge wins. And I'm with you on care. The fact that they came to testify that the foreign terrorist organization showed up again this week to testify and was allowed to testify is just astounding to me. And the Fact that one of our Democrat members, Stacey Childs from Houston on public. This is, this is video. Go look at it for yourself. Okay. She in public testimony said that she would like to work with them to promote their agenda in Texas public education. So I don't know, number one, is the testimony even legal? And then number two, you know, there's an active criminal investigation into care and what they're doing. So does that criminal investigation expand to the state Board of Education members who said that they work with the terrorist organization to help. To help expand what they're wanting in Texas. So this is unchartered territory. This is why I never in a million years I think I'd have a state official saying they want to work with the terrorist organization.
Stephen K. Bannon
Okay, what, what is the process from here? One of the votes take place. They're going to go over tomorrow. And how do our audience participate or participate at least in finding out more information from you and back having your guys back?
Philip Patrick
Yes, sir. So what we need is we need to. We need your audience to keep doing what they do. That we need to keep the pressure on because these are still amendments that we're voting on. We'll probably be voting on amendments till midnight, 2am tonight again, and then the final vote is tomorrow. The final vote to approve the entire document or reject the entire document happens tomorrow. But, you know, just some of the shenanigans we're still dealing with. Thank you to your viewers who have been reaching out to members Will Hickman and Pam Little, because again, Will Hickman today challenged an amendment that would enforce teaching America as the noblest experiment because he said his understanding of the noblest experiment of America was. Was the ban on alcohol was prohibition. So he didn't support teaching the noblest experiment America because he didn't. You can't make this up. It's so crazy. Which, by the way, he's an attorney. I hope he never practices constitutional law because I've never heard anyone say the noblest experiment of America, which is in our founding documents was related to prohibition. But anyways, keep the pressure on. Keep the pressure on these members, on the ones that we've already been talking about because we need this final vote tomorrow. And your patriots that the people that watch your show, the patriots that love America and love Texas and watch your show, they have been amazing and a direct contributor to these great wins.
Stephen K. Bannon
Julie, what's your social media and your website? Where do people. We got it up, but I want you to repeat it for the people that listen to the show. And don't watch on the podcast. Where do people go, ma'?
Mike Lindell
Am?
Philip Patrick
Okay, the best place to go is go to my Twitter feed, ulie j u l I e. The number 4 tx. There's kind of some live armchair quarterbacking of text education going on there. Go to my Twitter follow what's happening there, and then go to my website. Julie Pickering J U L I E Pickren P I C K R e n Julie pickering.com
Stephen K. Bannon
Julie, thank you. Let you get. We'll let you go and get back in the fight.
Philip Patrick
I need to go deliver more Texas.
Stephen K. Bannon
Thank you, ma'.
Terry Schilling
Am.
Stephen K. Bannon
So you're sitting there saying, bannon, Yeah, I got it. There's a huge problem in Texas. But your hair is on fire. But there's not a problem like that anywhere else in the country. Oh, yeah. So I'm gonna take you to another great Southern state, another railhead of the MAGA movement in one of the greatest cities in these United States, and a city that's becoming really one of the foundational elements of the conservative movement. That would be Nashville, Tennessee. Michael Patrick Leahy. So, Leahy, when I saw the article from our brothers and sisters over at Breitbart, my head blew up and I called you right away with a what in the hell's going on here, brother? This education thing, because the Islamists are quite smart. They understand the quickest way for them to take over is to deep get into the school system and basically part of the formation of a generation of Americans. What is going on in Nashville, sir, on taxpayer dollars?
Michael Patrick Leahy
Well, a Nashville public high school, Overton High School, has made special accommodations for Muslim students there to pray, to go to a separate dedicated prayer room during school hours in a special time set aside just for them in a prayer led by a metro Nashville public school employee. The whole thing has been encouraged by the metro Nashville public school administrators. And, Steve, it is almost certainly unconstitutional. And now what we're going to have
Philip Patrick
to look at is.
Stephen K. Bannon
Hang on, hang on, hang on. Before you get to concert the left in this country and the secularists in this country, one of their proudest achievements is starting back in the Earl Warren court back in the 1950s. They have driven Christianity. They are proud of it. It's one of their biggest accomplishments. They drove Christianity out of the public schools. Right. This was their number one priority. Even the concept that you would have prayer or have some sort of devotional or have an employee do it is so outside the box. Because these people, these demons, and they are demons, drove Christianity out. And now at the same time you see it in Texas, you see it in thing. Because the red Green alliance, the Marxists understand they're going to use Islam to drive out Christianity and then those two will fight it out afterwards. And because. So this is what's so outrageous. This is a public school in Nashville that had Christianity driven out of it by these demons. Now they're allowing Islam to come in and making it so not just Islamic student. They're trying to make it. Gonna make it welcoming for all students to come in and be converted to Islam. Sir.
Michael Patrick Leahy
Yes, it is coercive and disruptive to the class. The way that they've structured it. I mean there are 80 kids out of 2000, but they have special allowances to leave class for a 15 minute period, go to a dedicated Muslim prayer room where a metro Nashville employee leads their prayer. All of these are unconstitutional. If you go to. It's been unconstitutional for 60 years. Angle v. Vitale, 1962. The Supreme Court struck down a New York state teacher led prayer. They said it was unconstitutional. But that's happening here in Nashville. The problem is going to be Steve, I think who will be the brave student who will be a plaintiff in this case and not be intimidated by the metro national public.
Stephen K. Bannon
They're not going to be intimidated. What are you talking about? They're going to gang. They. Hang on. They're going to gang up on them. They're going to gang up on the family. They're in your face challenging you. It's not the student, it's the parents. But it's also the officials. Where are the officials? Why do we even have to go to court about it? Where are the people in Nashville? Where are the elites in Nashville? Where are the Christian churches in Nashville? You know, where there are the cowering in a damn corner too afraid to do it. You can't have some student come up and sue it. We shouldn't even be going to court. Go in there and throw them out. Get them the hell out of there. Why do we have to go to court and play the game. Let's go to court. And then six years later, this is the problem. That's the freaking mentality. We're either going to drive the. Either going to drive this out of here or you're not. And where are the elites in Nashville? Where are the, you know, all the Christian music. The Nashville producers. Don't give me any more Christian music. Go to that high school and drive out the demons.
Michael Patrick Leahy
Metro national is 65, 35 Democrat, lunatic. And the nine members of the Metro national board are all lunatic Democrats. This particular story came to front when a left wing millionaire funded news site called the Nashville Banner yesterday did a story praising all of these actions. So you're not going to see the elite in metro Nashville do this. Perhaps. There may be some conservative members of the Tennessee General assembly who take action on it, but this is going to have to be litigated and it's going to take a couple years. It is in my estimation. Yeah, it has to be litigated.
Stephen K. Bannon
They're not going to stop playing the game. If you want to do that, you're, you're going to play. We're nine years from now, we're going to get to the Supreme Court. And Michael, hang on for a second. We'll hold you through the break.
Public Podcast Announcer
Here's your host, Stephen K. Ban.
Stephen K. Bannon
Okay, All Family Pharmacy is another one of these companies that have come to us, a great sponsor. They're there to help you with your medical freedom. AllFamilyPharmacy.com promo code Bannon 10. 10% off. Go check it out today. Break the grip that the drugstore chains and McKesson, these distributors and big pharma have on your medical freedom. The way you do it is take action. This is totally free. When you call these folks, they'll walk you through everything. You get prescriptions. You have pharmacists, you've got medically licensed personnel, all of it. AllFamilyPharmacy.com, promo code Bannon10. You get 10% off. Do it today. Talk to their consultants and I'm sure it will change your life. So go do it today. Leahy, you know, Leahy's a graduate of Harvard College. That's the really hard one to get into. Harvard College. I went to the trade school, Harvard College, Stanford mba, and now you. And I realize the problem with you being a lawyer is now everything. You're going to want to go to the Supreme Court as a constitutional lawyer. I'm just kidding. I'm going to come back to this topic in the days ahead. But right now I need people to go where they go on your site to read this story and get as mad as I am.
Michael Patrick Leahy
You're pretty mad, but rightfully so. Tennesseestar.com Tennessee Star.com Tennessee has 95 counties, 93 are deep red, two are crazy blue. And one of those crazy blue counties is metro Nashville, Davidson County. And it's going to be a fight there, Steve, a big fight.
Stephen K. Bannon
I know, but we got to save those kids, those kids in that county are still the backbone of this country. We got to save those kids. We can't turn them over to these demons. Can't do it. Can't allow. Just like down in Texas, this is.
Michael Patrick Leahy
I'm with you.
Stephen K. Bannon
Tennessee is one of the greatest state. It's one of the greatest states in the Union. It's one of the greatest states in the Confederacy. A great state with great people. But, man, we can't let this stuff happen. Anyway, Leahy, we gotta go. I'm gonna come back to you. I'll call you after the show. You're a good man. Don't let this law school thing mess your head up. This is messing your head up. Gonna go litigate nine years from now. Terry Schilling, at the center of this problem is the birth rate in this country. You just had your eighth child, your eighth baby the other day, and something happened that triggered you to think about this and write some of these great pieces. Tell me about what happened on this event of the birth of your child. What was it that triggered you to think about this, sir?
Terry Schilling
Well, ironically, Steve, I was in the delivery room for the birth of my eighth child when I learned about the death of Paul Ehrlich. For those that are unaware of Paul Ehrlich, he's the author of the book the Population Bomb. He predicted a bunch of terrible things. Mass famines, civil wars. Chaos would reign if we didn't get our population growth under control. None of his predictions came true, even though our population absolutely did explode. We figured it out. However, Steve, Almost all of his policies and his ideology took root across all of American and really global elite influencers. He's actually. Paul Ehrlich is the inspiration for Childs, for China's one child policy. But he wanted to have child tax. He wanted parents to have to get a license before they were able to have children themselves. He wanted to penalize marriage. You look at the tax code, you look at our welfare system. If you get married, Steve, you lose $30,000 in tax deductions and benefits. In our economic system, it's atrocious just for saying I do. And Steve, the thing is, marriage is the best economic program, period, Ever. Period. People, men need marriage. Men, if they don't have marriage, they're uncivilized, they're dangerous. Single men, unmarried men, they commit 95% of all violent crimes. We gotta get these young men married. We've got to get the young women married. If you're not married, you're kind of an incomplete person. All right. God is very clear in The Bible, he creates woman because it's not good for man to be alone. We all need each other. And what we're seeing is the death of America, the death of the world. All of Western society is dying out. Our birth rates are well below replacement levels. Marriage rates are through the floor. The average age of a first time homebuyer in America is 49 years old. It's pathetic, Steve. We don't have an economy that works for families. We don't have a culture that works for families. And we have to turn this around now because families are the bedrock of America. It's not corporations, it's not steelworkers, it's not education, it's the family. This is why we go to work, because we need to support our families. We have a spouse that we have to support. It's that simple. And if we don't start populating and getting married and having children again, we'll have a lower tax space, will have fewer people to provide for, there'll be fewer jobs. You know, countries that go through the type of depopulation that America is about to enter into. Their top industry shift from construction and building to deconstruction and demolition. Germany's gone through this. Italy's going through this.
Stephen K. Bannon
It's.
Terry Schilling
We can't do it, Steve.
Stephen K. Bannon
Where do people go? American Principles Project. You. You've built everything there around the American family. You're saying the economics of this country has got to be based upon the American family. Where do they go to get this piece? Where do they follow you? Your Twitter? You guys are really on fire about the artificial intelligence which we're going to cover tomorrow morning. All of it. But I want people to get acquainted with American Principle Project and how you've put the Natalist movement and families at the center of your cause, Sir.
Terry Schilling
Well, Steve, now that you guys at War Room have been so successful in helping us stop the transgender industrial complex from sterilizing the next generation, we've got to figure out how to rejigger and revive the American family. So go to Schilling 1776 across all social media platforms. I have a new piece that will be coming out either tonight or tomorrow that talks about how Americans still think that we are suffering from overpopulation. 47% to only 41% who think we have an underpopulation problem. So. So check us out. Schilling 1776 across all social media platforms.
Stephen K. Bannon
Okay. I think they'll be on the Daily Wire and we'll push it out as soon as it's published. And Terry, we still got a lot more work to do on transgender and the radical transgender ideology, but you guys have done such a magnificent job. Thank you. And we gotta get focused on this. Have to get focused on this. And congratulations on the eighth baby. And Paul Ehrlich was dead wrong. So, Mike Lindell, I've been doing my sums, as you say, and we went from 29 semis to 5 semis. How much did the Warren posse buy of that material? And these five semis, are they available to us to go buy today?
Mike Lindell
When it was down to 8, and now it's down to, I think, a little over four. That's been warm pasta. You guys have taken it all, which is great. You've helped us out. This are products we're closing out. Remember, we're never carrying these products again. Like, are my. Are my slippers. Are my slippers, you guys? Once they're gone, they're gone. They're. We're closing them out. 29.98. These guys, these slippers and all these other products in these semis, from blankets to bath mats, kitchen. Kitchen supplies, they were all earmarked for the box stores. So we're. We're just canceling them. And I mean, we're just here. We're passing the savings on to you. What they would have paid these who Wholesale prices. Go to mypillow.com forward/war room, and you're going to see it. You save up to 80%, just like the my slippers. And get the big ticket items, the mattress toppers and the mattress pads of the mattress and the mattresses. Free shipping right to your front door. 800-873-1062. Use that promo.
Stephen K. Bannon
That's promoting promo code the business. Stick around for hour two. This is an I heart podcast. Guaranteed human.
This episode of The War Room with Stephen K. Bannon delves deeply into the shifting state of global finance amidst Middle East conflict, the decline of the US dollar’s dominance, domestic educational battles in Texas and Tennessee, and demographic challenges facing Americans. Bannon and his guests analyze how economic, political, and cultural threats intersect, warning that both international and internal shifts pose risks to America’s future. The tone is urgent, populist, and combative, focused on practical and philosophical “warfare”—whether financial, cultural, or demographic.
[03:00–09:09]
[12:05–18:01, 20:16–29:18]
"It ain't the price of gold. It's the pattern recognition of what drives the value of gold and why it's been a hedge for so many thousands of years."
— Stephen K. Bannon, [29:18]
[32:16–41:46]
[48:28–52:26]
Financial Warfare Theme:
On Sanctions Backfiring:
Educational “Wins” in Texas:
Religious Double Standard in Schools:
Bannon’s War Room episode gathers analysts and grassroots leaders to spotlight how mounting geopolitical tensions are accelerating the erosion of US dollar dominance, the rise of gold, and the cascading impact on personal finance. The show then pivots to how social and cultural battles—for education and against demographic decline—are linked to broader questions about American sovereignty, agency, and the survival of its founding values.
The message is clear: to safeguard the future, Americans must understand the entwined nature of money, power, and faith—and be prepared to act accordingly.