Episode 5287: The War Is Crippling The Dollar System; Muslim Invasion Heads To Tennessee
0 min
•Apr 9, 20268 days agoSummary
Episode examines the structural decline of US dollar dominance amid Middle East conflict, exploring how weaponization of financial systems, sanctions, and geopolitical shifts are accelerating central bank moves to gold reserves. Discusses implications for American workers, immigration policy threats, and strategic opportunities for Trump administration engagement with China on Iran resolution.
Insights
- Central bank gold reserves have exceeded dollar reserves for the first time in 30 years of IMF data, signaling fundamental loss of confidence in dollar-based financial system
- Weaponization of financial assets (Russian reserves seizure, sanctions, tariffs) is accelerating de-dollarization as nations seek neutral stores of value outside US control
- Current ceasefire fragility in Middle East reflects deeper strategic competition between US and China for influence over Iran, with Beijing holding leverage through economic dependence
- American family formation and birth rates are collapsing due to economic disincentives (marriage penalties, high home prices), creating long-term demographic and fiscal crisis
- Immigration amnesty bills represent existential threat to American workers across wage levels through mass legalization and expanded employment-based green cards
Trends
De-dollarization accelerating: Central banks shifting reserves from dollars to gold at record rates due to geopolitical risk and loss of trustFinancial system weaponization creating unintended consequences: Sanctions and asset seizures incentivizing bypass mechanisms (crypto, alternative payment systems)Great power competition replacing war on terror: US-China strategic struggle now primary lens for Middle East policy and Iran negotiationsNatalist movement gaining policy traction: Focus on family economics, marriage incentives, and birth rate recovery as national security priorityDebt service crisis looming: US government debt auction demand declining while interest rates rising, creating sustainability questions for dollar reserve statusSupply chain regionalization: Companies reducing reliance on global systems vulnerable to US financial weaponizationGold as geopolitical hedge: Institutional adoption of gold as neutral asset outside debt-based financial system acceleratingImmigration policy as worker protection: Bipartisan coalition forming around deportation-first approach and immigration moratorium
Topics
Dollar Reserve Currency Decline and De-DollarizationCentral Bank Gold Accumulation StrategyFinancial System Weaponization and Sanctions EffectivenessUS-China Strategic Competition Over IranMiddle East Ceasefire Fragility and Hezbollah DisarmamentStrait of Hormuz Naval Blockade StrategyImmigration Amnesty Bill Analysis and Worker ImpactAmerican Birth Rate Crisis and Family EconomicsMarriage Tax Penalties and Economic DisincentivesH-1B Visa and Employment-Based Immigration ReformDebt Service and Government Borrowing SustainabilityOil Market Volatility and Geopolitical Risk PremiumTrump Administration China Engagement StrategyTransgender Ideology and Education PolicyMedicare System Complexity and Senior Fraud
Companies
Bloomberg
Financial data terminal company whose reporting on dollar reserve decline and gold accumulation validated War Room's ...
Salomon Brothers
Historical reference to 1980s bond trading dominance that established Bloomberg's terminal concept for bond traders
Goldman Sachs
Mentioned as competitor to Salomon Brothers in 1980s investment banking and M&A focus
Vanguard
Major asset manager holding significant gold positions as hedge against currency devaluation
BlackRock
Major asset manager holding significant gold positions as hedge against currency devaluation
Sequoia Capital
Premier venture capital firm cited as example of Chinese Communist Party influence inside US financial system
People
Steve Bannon
Hosts episode analyzing dollar decline, Middle East strategy, and immigration policy threats to American workers
Eric Bowling
Discusses oil market movements tied to ceasefire announcements and geopolitical risk premium in commodity pricing
Philip Patrick
Explains Bloomberg's analysis of gold reserve accumulation, dollar decline, and central bank shift away from dollar-d...
Michael Weiss
Provides context on Hezbollah's role as paramilitary, political party, and deep state apparatus in Lebanon governance
JD Vance
Quoted clarifying US position that Lebanon was not included in Iran ceasefire negotiations
Benjamin Netanyahu
Quoted stating Israel will continue striking Hezbollah despite ceasefire pressure from Trump administration
Donald Trump
Referenced as master dealmaker planning May 15 state visit to China to leverage Beijing's influence over Iran
Dr. Thayer
Compares Trump's diplomatic strategy to Napoleon's approach of delegating execution to trusted marshals and focusing ...
Rosemary Jenks
Analyzes Senate immigration bill as mass amnesty that screws American workers across all wage levels
Terry Schilling
Discusses birth rate crisis, marriage penalties in tax code, and family economics as national security priority
Mike Lindell
Discusses inventory liquidation from 29 semis to 4-5 semis due to War Room audience purchases
Michael Bloomberg
Historical reference as former Salomon Brothers bond trader who created Bloomberg terminal for financial data distrib...
Paul Ehrlich
Population bomb author whose discredited predictions influenced global elite policy on birth control and family disin...
Xi Jinping
Referenced as key figure whose influence over Iran will determine resolution of Middle East conflict
Hassan Nasrallah
Killed in Israeli airstrike; his death represents culmination of Israeli campaign to decapitate Hezbollah leadership
Qasem Soleimani
Late Iranian general who constructed Hezbollah as paramilitary apparatus for IRGC power projection
Quotes
"The war is crippling the dollar system. Whatever dollars they were holding are becoming less and less and then they had to replace it with something. Gold will be the great place to put it."
Steve Bannon•Opening segment
"There is no ceasefire in Lebanon. We are continuing to strike Hezbollah with force and we will not stop until we restore your security."
Benjamin Netanyahu•Mid-episode
"Global reserves of gold today have eclipsed now dollar reserves adjusted for valuation effects. It's the first time since the International Monetary Fund started publishing data 30 years ago."
Philip Patrick•Financial analysis segment
"Marriage is the best economic program period ever. Men need marriage. If they don't have marriage, they're uncivilized. They're dangerous."
Terry Schilling•Family economics discussion
"This bill screws American low wage workers with mass amnesty of more than 10 million illegal aliens. It screws mid and high wage American workers by more than doubling green cards for employment based immigrants."
Rosemary Jenks•Immigration policy analysis
Full Transcript
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 of 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 dollars didn't 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 We'll 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 might 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 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 will 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 this ceasefire. Is it going to hold is not going to hold? What is the market where the markets tell us this afternoon? Oh, we went up against the ceasefire is going to hold Or earlier when we spoke it was 103 then it came crashing down four or five dollars a barrel when BB said he would meet with Lebanon and it's working its way back up We're 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 They're very nervous about oil hire. So they're they're buying in anticipation of higher prices. Unfortunately Eric where do people get your social media overnight? Eric bowling but also doing some we'll do all that later because this is more important I don't sell stuff right now see if 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 banning worm watch rav watch bowling you find out what's happening next I'm not kidding. Am I The closest thing we have to a puppy is Eric bowling. Thank you, sir. Appreciate you. I'll see you in our 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 is absolutely packed So let's go ahead and let it rip 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 put the truce in limbo President trump said in an interview with nbc that he asked israeli prime minister benjamin netanyahu to be more low-key on Lebanon but moments ago here was netanyahu I want to tell you there is no ceasefire in lebanon We are continuing to strike isbullah with force and we will not stop until we restore your security And following repeated requests from the lebanese government to open peace negotiations with us One the disarmament of isbullah and the second A historic sustainable peace agreement between israel and lebanon It just seems like israel doesn't care about this ceasefire They're going to continue to public lebanon Even if it jeopardizes the relative peace that has been established to prepare for these upcoming talks explain that Dynamic why israel's so focused on isbullah that it's willing to put so much on the line I think the one unmitigated success in the minds of the israeli's security leadership and particularly mosad was Disemboweling his bola after the october 7th military campaigns of which i think this warn iran is sort of the culmination We all remember the famous pager gate The the dropping of an enormous bomb on a complex housing secretary general of his bola hassan nasrallah The utter decimation of their leadership um israel had spent two decades since the second lebanon war Basically mapping the terrain figuring out everything about his bola because they anticipated this was going to be the next regional conflict Right, so for them. I think this is they wanted to deliver the coup de gras 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 vans coming out of hungary saying the iranians got it wrong We never said lebanon so that i think will offer incentive if not carp launch the israelis to to escalate indeed I mean just after the ceasefire 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 bayrut 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 but this hezbollah has so much control because that's a separate entity than the lebanese government This was the kind of crowning achievement of the irgc's power projection project the the late general kasim sulimani Kind of constructed this apparatus as bola 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 in whatever pie in lebanon So lebanese were 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 right and report That that is a michael weiss and I think that one of the reasons We do cuts and he's on uh more and more is that he's he's got a way of explaining things right there He cuts to the chase about hezbollah um As much as I've had a problem with this war continuing expanded being in lebanon There 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 Uh, maybe outside of idf In the entire middle east, uh, so that whole situation now you heard bowling When it was announced earlier that the net yahoo 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 uh the president and his team are trying to work through this and grind through this philip patrick joins us philip um 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 is is 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 the 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 uh of salomon. I was gulman sacks and that was more mna and equities But salomon 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 and 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 uh, 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 golf and the streets of the straight of horamuz That this is going to have a a major impact on the dollar going forward. I just read the opening paragraph Uh philip about gold reserves all of it, but when you read this you sit there the war of maudy It's you know, 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 war in posse Would not be a not be part of that group because you have preached this For a while, but we were validated today by by bloomberg walk us through What this piece tells us and why is it important? 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 in the longer term decline of 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 rushers 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 u.s. Debt is now a legitimate war target was Very telling right and it shows us that the iranians are pretty smart They understand our achilles heel and they're trying to exert pressure from from the inside but Look, I don't think this is necessary a story of collapse right 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 one the great depression Bretton woods the sewers 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 in in dynamics And at the same time we need this demand today More than any other time in history scott besen is auctioning off 8.2 billion dollars in new debt Every trading day this year so demand matters today more than any other point in in in in history To sort of summarize the global financial system has worked for years by treating us government debt as if it's risk-free But it's only risk-free while 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 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 e.u. 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 and that was the first thing i guess in the by administration that went crazy I have been an advocate of kind of that economic war here and i realized that plays into this whole question of the weaponization because The power of what scott bessen did back in december and january to break Uh, that was at the real the 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 bessen showing you how you get a revolution going Against a against the regime when that for whatever reason was called off i've made a huge deal patrick about The only way these guys the mulas financed themselves. They got two ways they monetize oil to essentially the chinese commerce party in now india But really the ccp they get cash. They're coming through hormuz passed a couple of carrier battle groups Through the malacca straits to china The other way is in is in the uh The tortuga of the persian gulf like the caribbean pirate 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 mulas and the atolas, but the way they fund the government is in Is in ua e and dubai and i was the first to say hey if we're going to send young men and women in harms way Seize those assets and then that does play into this weaponization Where the rest of the world goes well? Hey if the dollar denominated assets can be Every time trump wants to or the u.s. Government wants to they can just grab it That's much worse than the e u taking the russians in in basically european banks That are in uh, you know the kind of uh in in e u denominated uh You know currency and so this has led to this and now you've got these central banks Shying away from dollar denominated assets and going right for gold. We're gonna 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 you're going to use the swiss system Are we going to start seizing assets? Are we going to blockade scott best? I think now it's 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 her moves and don't let anything go for it short break philip patrick on the other side The dollar's convertibility into gold ended in 1971 gold was fixed at 35 dollars an ounce Well fast forward to the day and the u.s. Dollar has lost over 85 percent of its purchasing power Gold on the other hand is increased in value by over 12 thousand percent That's why central banks are buying gold at record levels. That's why major firms like vanguard and black right Hold significant positions in gold And that's why i encourage you to consider diversifying your savings with physical gold from birch gold group But it starts with education birch gold just announced their learn and earn precious metals event This free online event rewards you for learning the basics of investing in precious metals sign up to get a free Silver on your next purchase get even larger incentives as you go The more you learn the more you can earn But you must act now as this special event only runs through april 30th The dollar lost its anchor in 1971 You don't have to lose yours Text my name bannon b a n n o n to the number 98 9 8 9 8 to join birch gold's learn and earn precious metals event by april 30th Text bannon b a n n o n to 98 9 8 9 8 and do it today Here's your host steven k bann Okay, if the other Conservative cable news channels are showing puppy dogs and you know, they want to talk about the their new egg omelettes Is because they don't want to spend time and talk about what this war is really about and uh, and how we're going to work our way Through it as a country and as a political movement Uh, 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 jeckyll island and the federal reserve and federal income tax and all of it and tied 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 and the british pound enormous enormous pressure Would come on the financial system set up and structured after world war two Particularly centered around a place in a system Called breton woods, which is a financial system that put at the heart of it The um put at the heart of it the us dollar as the new prime reserve currency to pick up From where the british pound could no longer Uh, it could no longer rest on its shoulders. It wasn't their economy wasn't deep enough their capital markets weren't deep enough And post-war war two as the victor and remember we were the victor for one of the simple reasons that no way really in mainland the united states We were intact Germany was shattered Continental europe which 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 marshal 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 uh crisis in the middle east But the dollar ice 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 gonna see this this week as we talked about Russ vogue's gonna go testify to the house Budget committee and that is there's gonna be a firestorm Because of the 39 trade and debt and quite frankly the war in school which president trump's a graduate of Says there's really a hundred trillion dollars of debt on the 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 a bad interest in mind with the united states are sitting there going hey look I gotta think this thing through do i want to be that loaded with dollars or want gold But the enemies of the united states see a perfect opportunity Particularly the bricks 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 gründunz 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 she and you'll be In the room principle to principle and this has got to be one of the aspects of it philip patrick End of the dollar empire Birchgold.com promo code bannan you get it We got the eighth free installment That we talk about the pressures on the dollar even before the war started this something we worked on for the last five or six months We added 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 is the u.s. Dollar in the 10-year bond because that more those two instruments kind of are proxies For for 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 are Apologies I was saying absolutely these are high level concepts that we're talking about it's you know u.s. Government debt It's debt service. It's borrowing rates increasing But as you rightly point out they sound like high level concept, 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 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 going 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 Yeah, the war room itself such an important vehicle to educate people because I think the more people learn and understand These are things will be Listen and I understand that The war room is not for everybody it's just not we're 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-selective 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 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 has doesn't want to push themselves. We raise the bar high We understand this is a tough show to follow sometimes and and 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 and what these uh 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 ua e in dubai Allowed the iranians for open secret that they use 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 moolus to the knees? Go after their currency go go shut them down on sanctions penalize everybody that deals with the president trump's the other day Not war room president trump said 50 tariff on anybody that uh that 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 are 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 petrick your thoughts are Look i agree and and sanctions can be a very powerful weapon as you mentioned we saw scott besson 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 right 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 gonna go around it is 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 right 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 This is this is It's it's why it's that tripwire is why uh bloomberg Wrote the piece today because gold gold reserves are more than dollar backed reserves. That is a significant marker We have told you this day is 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 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 it's are quite ironic That were civilization essentially we felt started right in the tigers and the 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 birch gold promo code banon end of the dollar empire 8th 3rd and so on with 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 not We're not here to make you the smartest person in the stands at the little league Are the smartest person to backyard barbecue? We're 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 is simpler b a n n o at 98 98 98 get the ultimate guide for investing in golden precious metals in the age of trump most importantly You don't have to listen to me. You get to go to philip patrick in 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 auricula I thought was most important to get you on here today. So I want to thank you for it, sir Thank you. Steve. Thanks for having me Philip patrick Grace and moan elizabeth will figure out how to get this bloomberg story. 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 There'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 lehi out nashville And terry schilling and they're gonna join me and they're gonna tell you exactly why after a short commercial break in the war room Oh Fellow patriots the federal reserve has portrayed america for over a century printing fiat inflating way your savings Serving globalist masters, but president trump is ending it President trump is wielding a 112 year old law to reclaim control From the rogue federal reserve. He's replacing gerome pal Slashing rates igniting america's reindustrialization. Now. This is not theory Government backed industry plus low rates unleashes super cycles history does repeat Gold's already exploding miners are up over 400 in the last year What rickards is calling trump's gift is wealth for american patriots not global handouts Now it's america's turn Jim rickards former cia and pentagon veteran says act now Go to insider 2026.com. That is insider 2026.com to get jim rickards strategic intelligence newsletter today strategic intelligence Based upon predictive analytics. It's what chairman and ceo throughout the world read and you should too Here's your host steven k bann Uh while we're talking about texas and immigration uh patriot mobile 972 patriot call today you're going to talk to their call center. It's somebody with the east texas accent It's going to walk you through all the benefits and why they're the best phone service in the world. Just remember You wouldn't be having this so we wouldn't be able to mount this defense in texas It was not for glenn story and jenny story who are two just extraordinary individuals This company is a based on christian values supports the causes you think are important And this also happens to be the best phone service out there so call 972 patriot and do that today make sure that you um Talk to the folks. They'll tell you about it and you get a free month if you tell them from the world Uh two other things number one Medicare complicated getting more complicated articles out every day and the confusion a data company called chapter It's prepared an 845 war room. That's a free no obligation consultation They will walk you through your plan. Uh, if you're not on a plan, they'll go through various alternatives If you're on a plan, they'll break it down for you about how you can make it better 845 war room the The feedback we've gotten from the war impossible is extraordinary. I think they've saved People on average 1100 bucks plus got them out of plans that are just ridiculous That's chapter 845 war room do it today Rosemary jinks. I just want to hit rewind for a moment and just go back You say this is screw american workers build just take a minute or two and go back through this thing because a lot of people are just hearing about this And i'm gonna talk at the end about why this is a legislative possibility What they can do because you've had 20 republicans not squishes. These are people that are traders Right led by salazar and lullar who are two of the worst salazar is probably worse than lullar Walk me through just once again. Why you call it the screw america worker the sawmill Yeah, because every level of american worker, whether you're low wage medium wage or high wage You will be screwed by this bill It screws american low wage workers with mass amnesty of more than 10 million illegal aliens who would get Permanent right to be here and legal permission to work It screws mid and high wage american workers by more than doubling green cards for employment based immigrants It blows open the the door for high tech american workers. It codifies optional practical training opt It allows anyone who any foreigner who gets a stem degree in the united states to stay permanently I mean the the damage that this bill would do to american workers is unfathomable This is you know, it lullar says well if that if we don't pass this now the democrats will pass amnesty This is the democrats amnesty bill It's mass amnesty mass immigration and zero deportations because as the amnesty starts ice would not be allowed to deport a single Illegal alien and for at least two years while they have a chance to sell us our Salazar Salazar and lullar. I want you to suck on this and why you're traitors And you ought to be run out. They got to be turfed out of congress. She's worse than he is and he's terrible but all Um, but the the other things steve is they say we need yeah, go ahead, man They claim that they have zero tolerance for criminal aliens in this bill and that is an absolute fabrication The bill includes very specific waivers For criminals if you're convicted of multiple misdemeanors you get a waiver if you've been deported You get to come back and apply for amnesty if you illegally voted You get a waiver So this if if you're in a state or federal gang database That information can't be used against you. This is lunacy. Oh, and by the way It also gives amnesty to all of the employers Who have been hiring all of the illegal aliens? Because none of the information in their applications can be used to hold the employers accountable. It's disgusting Okay, I'll I'll do a rant this afternoon when I can I'll have a couple of more warpath coffees get jacked up and come in hot um, but rosemary most importantly for this audience because we immerse Them in information and then they can use their agency. I where do they go? To you because you've dedicated your life to this you're one of the great patrons in this country compare her to salazar rosemary janks has defended american workers from the first time I met her Years ago decades ago. So where do they go today to find out about this bill in the lies? But look, I don't want to hear about criminal aliens and bad guys. Yes, of course We're gonna get the bad guys out But that's just a stop so people said they go no mass deportations. We're gonna deport all of them every one of them They're all gonna go They all have to go And we should have a tension stop all these scams like the h1b scams stop it send them all home In a 10 year minimum 10 year moratorium on all immigration Then we got time to kind of set this thing up sort it out Make sure american workers are the priority above all and set up an immigration system That's kind of fair, but it's going to take a decade to do that and we need a time out Rosemary janks, where do people go today? If you go to ia project org ia project org We have a fact sheet if you type in the search bar of salazar or lullar You'll find a list of the bills that they have sponsored and the dignity act is one of those We have fact sheets on it. We explain all the things that they're lying about So ia project org or follow us on x at ia project. Yeah You're amazing rosemary. Thank you Get it today. Merce yourself in the information and then i'll have a great rant on this this afternoon. Thank you, ma'am Appreciate you Dr. Thayer kind of one of our resident strategists. I want you to go back. You mentioned something on this show A couple weeks ago about napoleon Talk to me about when napoleon had problems That looked like they were like gordian notch. You couldn't do it. He would say I want you to scale this If you tell his marshals first off, he says it's your thing that you got to figure it out It ain't my job to figure it's your job to figure he would tell him scale up your problem Talk to me about that and specifically apply it To the current situation in the persian gulf in the strait or hermuz In the entire war with iran right now, sir Well, steve, thanks for having me today What napoleon did is recognize the logic of escalation That uh with a great coterie of marshals as he had marshals and generals Uh, these were individuals who could be trusted and they could be uh trusted to execute his vision Uh of the plan of he had the objective Uh, and he was confident in assigning them their missions knowing that they would be uh completed He also emphasized the importance of focusing on the objective Very importantly, there's one thing on which to focus and that's going to have to be achieved Final point with respect to napoleon is that he recognized that he was the master of improvisation and harry Reminds me so much of trump napoleon said the battle begins and the issue develops And what he meant by that is he's going to start the battle. He's going to start the campaign But because napoleon was a master in art of the deal, right? He was a master essentially of uh with a mind for war Genius for war He was always going to be able to out fight uh his opponent Who didn't have napoleon skills didn't have napoleon's abilities So if we reply that to iran today, what do we see we see that uh president trump Uh is recognizing that uh, however valuable the iranians are As interlocutors Beijing is going to really decide this issue that china Has a dominant voice and important if not dominant voice In in tehran So the question of who rules in tehran is going to be decided in large measure by shijing ping Because of the dependence of iran uh on the on communist china So president trump is recognizing that if he takes this to be resolved with shijing ping as you suggested Uh that has advantages for the united states There is a modest coincidence of interest here that beijing Wants oil out of the strait as the u.s. Wants the strait open President trump like napoleon is a master of the deal All right, they both have a genius for war in their respective fields Right napoleon obviously kinetic trump in everything else as well as uh the kinetic So he's going to be able to out fight Shijing ping uh and get him to place the appropriate pressure On tehran at the same time there's us military might and us military in theater obviously That could be called upon Equally to go back to the kinetic To go back to warfare If that's going to be uh required So we want to recognize i think the similarities between those Individuals and to recognize that president trump again a master deal maker is going to be able to Uh ensure that he's using beijing to put pressure uh on tehran uh to bring to resolution Of the issues that we have at hand and to ensure that the fragile pieces can this go look first off the history of the persians The persians have been negotiating for i don't know 3000 years They fought the greeks They fought the romans and now they got the americans as the They also the british Therefore i guess the british was subterfuge Uh in the americans so they've taken on the best of the west right These guys also have a bureaucracy that goes back Long before the moulas They're kind of an organized hierarchical society as far as this goes and they they have a way of negotiating Which is just a tap you along history shows us just a tap you along Why given the fact that we've defanged them and declawed them a lot in our military operation go through the punch list has been very successful I just don't know now because they're double dealing you all the time you see it even the beginning stages of this ceasefire Where they're putting out this maximalist thing which president trump said i do it in the trash can And you guys are lying because we're actually dealing with another document and we're pretty far down We've at least got some sort of bases of agreement. They're just all they're going to do is ob Obstricate and lie constantly And the powers this is a great power. You've told me hey the whole world is shifted now From the global war on terror to a great power struggle Particularly the two great powers the chinese communist party in the united states of america And this is a global conflict and they are they are so far deeper inside the wire here than we are there So they're inside the wire taking this fight to us here every day at universities on capitol hill on Sequoia capitol the the premier venture capital firm you look at finance you look at all of it They're deep inside of here And they also think they're winning So why wouldn't we have trump who's the master dealmaker and china has always been his central thesis Particularly has run on the western hemisphere and just have a mano a mano was she in beijing may 30th It's on the books Let's i don't know why we're dealing with grund dunes in pakistan who are controlled totally controlled by the ccp 100 percent And are so they're iranians just say guys let's put a pin in it i'm a deal with your pay master And we'll figure something out dr. Thayer your thoughts well two thoughts steeve um the uh Most folks don't know that during world war two iran was occupied The british took the southern half of iran and the soviets occupied the northern half of iran They didn't ask permission They just occupied it and the point of that was to ensure that aid lend lease aid could flow uh from Ports on the persian gulf into the soviet union Through the caucuses so the soviets and the british just acted They didn't ask iranian permission Likewise president trump meeting with g I think there's a strategic logic there china has communist china has an interest in having this resolved So that they can have access to that oil president trump has beijing has real influence in Tehran and so what trump is doing is encircling them diplomatically right you've got The chinese working on the right flank and we're working on the left flank essentially to diplomatically Encircle tehran. Dr. Thayer Hang on one second. We're taking a short commercial break Scott best is talking about a naval quarantine in the gulf oman The american healthcare system is broken and for most americans nothing changes There's still delays denials high cost insurance roadblocks So when I find people doing things differently, I talk about it All family pharmacy is not your typical big chain pharmacy This is an independent family owned pharmacy that gives you access to over 400 medications Delivered straight to your door They've got ivermectin antibiotics antivirals NAD plus even your daily maintenance medications and so much more If you already have a prescription your doctor can send it directly if you don't they're doctors handle it As long as there is a medical necessity. They'll take care of you And I'll tell you this the feedback from people listening to this show and watching has been incredibly strong People are using it. 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You've got medically licensed personnel all of it all family pharmacy.com Promo code banon 10 you get 10 percent off do it today talk to their Consultants and I'm sure it will change your life. So go do it today Leahy, uh, you know, lehi'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 realized 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 gonna 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 You're pretty mad, but rightfully so Tennessee star.com Tennessee star.com Tennessee has 95 counties 93 or deep red two Are crazy blue and one of those crazy blue Counties is metro national davidson county And it's going to be a fight there Steve a big fight I know but we got to save those kids those kids in in that county Are the still the backbone of this country 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 I'm with you. Tennessee is one of the greatest state It's one of the greatest states in the union is one of the greatest states in in the confederacy A great state with great people, but man, we can't let this stuff happen. Anyway, lehi, we've got to go and come back to you I'll call you after the show. All right, you're a good man. Don't let this law school thing mess your head up Just messing your head up going to go litigate nine years from now Terry shilling 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? Well, ironically, Steve I was in the delivery room for the birth of my eighth child When I learned about the death of paul earlick For those that are unaware of paul earlick. 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, uh, he's actually paul earlick is the inspiration for child's uh for china's one child policy But he wanted to have a 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 dollars 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 Uh people men need marriage men if they don't have marriage. They're uncivilized. They're dangerous single men unmarried men so they commit 95 of all violent crimes We got to get these young men married. We 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 all of western Society is dying out our birth rates are well below Replacement levels marriage rates are through the floor the average You know age of a first time home buyer 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 steel workers. 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 We'll 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 germy's gone through this italy's going through this It's we can't do it steve 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? You're you're you're a torturer now 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 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 re jigger and revive the american family So go to shilling 1776 across all social media platforms I have a new piece that'll 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 a underpopulation problem. So check us out shilling 1776 across all social media platforms Okay, I think they'll be in 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 got to get focused on this Have to get focused on this and congratulations on the eighth baby And paul earlick was dead wrong And paul earlick was dead wrong. So mike uh lindell i've been doing my sums as you say and we went from 29 semis to five semis How much did the war impasse buy of that material and these five semis are they available to us to go buy today? Hey, there when it was down to eight and now it's down to i think a little over four That's been more room posse. You guys have taken it all in which is great. You've helped us out This is our products. We're closing out. 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I'm serious call it Now here's why the insurance companies and their lackeys in the washington swamp have built a medicare system design To confuse you and rip you off Rising premiums denied claims fine print nobody but a lobbyist understands millions of american seniors are paying too much and getting too little and worst of all Most don't even know it. Hey, that could be you That's why if you're already on medicare or will be soon You need to talk to our friends at chapter They have a team of advisors trained to serve american seniors not the insurance companies And under 20 minutes they can find you the best plan for your needs at the lowest cost why? They're a data company. They have all the data on every plan. It's totally free There's no pressure. No bs Just straightforward honest help from fellow patriots. So don't wait call 845 war room right now. 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