July 15, 2025 • 48 mins
THE WAR ROOM WITH STEPHEN K. BANNON, JULY 15TH, 2025
GUESTS:
MARK MITCHELL
PHILLIP PATRICK
MIKE LINDELL
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Episode Transcript
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Speaker 1 (00:00):
Fifty days. What happens now?
Speaker 2 (00:02):
Do you talked to Latimer? Well, at the end of
fifty days, if we.
Speaker 3 (00:05):
Don't have a deal, it's gonna be uh too bad.
Speaker 4 (00:09):
Should get more aggressive?
Speaker 3 (00:11):
Yeah, the TIFFs are going to go on and other
sanctions go on.
Speaker 1 (00:15):
Lensky target Moscow? Should the Lensky target Moscow?
Speaker 5 (00:19):
Sir?
Speaker 1 (00:20):
Should the Lensky target Moscow or deeper in for Rushall.
Speaker 2 (00:23):
He shouldn't target Moscow?
Speaker 6 (00:25):
Is that why you gave him more weapons?
Speaker 3 (00:26):
Though?
Speaker 2 (00:27):
Wait play, No, We're not lucky to do that. The president.
Speaker 7 (00:36):
Financial Times excuse me is reporting, according to two people familiar,
that there was a call between Vladimir Zelenski and Donald
Trump where Trump asked Vladimir's Lensky if he could hit
Moscow from Ukraine? Can he attack Moscow from Ukraine? Can
you hit Saint Petersburg to Trump asked on the call,
According to these sources, speaking to FT, they said Lensky
(00:59):
were but absolutely we can if you give us the weapons,
and that Trumps signaled is backing for the idea, describing
the strategy as intended to make them the Russians feel
the pain and force the Kremlin to the negotiating table.
According to two people who were briefed on that call,
Donald Trump was asked a version of this on the
(01:20):
White House lawn.
Speaker 4 (01:21):
He denied it.
Speaker 7 (01:22):
But this reporting does that change anything with Vladimir Putin?
Speaker 8 (01:28):
I mean, you know how, no fury like a Trump scorned.
I think again, the journey Trump has made here is significant.
I don't think it changes too much for Putin because
these discussions about attacking deep into Russian territory are not new.
There were similar discussions that were had during the Biden administration,
and ultimately where things ended up was that you don't.
Speaker 4 (01:50):
Want to go too far there.
Speaker 8 (01:51):
You don't want to acknowledge American involvement in that because
that's where the nuclear deterrent comes into play. And so
my sense is that much as though Trump's pivot here
is absolutely worth noting as we are all doing, it
kind of takes you back to where we were a
year ago with the Biden administration. Which is also to say, Katie,
(02:12):
it's still a bit of a stalemate. It still doesn't
mean we're any closer to an end to the war.
Speaker 4 (02:18):
It doesn't mean.
Speaker 8 (02:18):
That we're any closer to resolving the problem we have
with Putin and Putin knows all of this in a sense,
he's always had time on his side, so he's going
to keep playing the team.
Speaker 7 (02:29):
By the way, the White House in this reporting has
said that it was taken out of context that Donald
Trump just asking the questions.
Speaker 9 (02:35):
All right, he brank you on the DFJ and FBI review.
Speaker 2 (02:41):
The findings of that review is yn't break you?
Speaker 3 (02:44):
What on a DJ and f what what's object?
Speaker 7 (02:49):
And the review of the files? Curry, don't pay up
on you?
Speaker 2 (02:51):
Very very quick briefing here did she tell you? What
did she tell you about you?
Speaker 9 (02:55):
In specifically did she tell you?
Speaker 3 (02:57):
And all that your name up here in the buy
and she's she's given us just a very quick briefing.
And in terms of the credibility of the different things
that they've seen. And I would say that you know,
these files were made up by Komi, they were made
up by Obama, they were made up by biting it
from you know, uh we And we went through years
(03:19):
of that with the Russia Russia Russia hoax, with all
of the different things that we had to go through.
We've gone through years of it. But she's handled it
very well. And it's going to be up to her.
Whatever she thinks is credible, she should release. Yet, well,
the President said.
Speaker 2 (03:34):
Today you would release credible files related Miss Risky.
Speaker 10 (03:38):
Are you prepared to see that?
Speaker 9 (03:39):
And when we are our memo today, our memo speaks
for itself, and we'll give back to you on anything else.
I haven't seen all of his statements today.
Speaker 11 (03:47):
Thank you, these how.
Speaker 10 (03:50):
Has expressed a lot of frustration about.
Speaker 9 (03:52):
We're going to fight to keep America safe again, and
we're fighting together as a team. That's what that's what's so.
Speaker 11 (03:59):
Important right now.
Speaker 9 (04:00):
You know, we've got a war on drugs, we've got
a war on human trafficking. We've got cartels in this
country and we are going to do We've got foreign
out of the series around this world as well, and
we're all going to work together as a team to
fight to keep America safe again. And I can tell
you that's what we're all committed to. Thank you, Thank
(04:20):
you all for being here, and thanks.
Speaker 11 (04:24):
This is the primal scream of a dying regime. Pray
for our enemies because we're going to medieval on these people.
You got a free shot. All these networks lying about
the people. The people have had a belly full of it.
I know you don't like hearing that. I know you've
tried to do everything in the world to stopped there,
but you're not going to stop it. It's going to happen.
Speaker 4 (04:46):
And where do people like that go to share the
big line?
Speaker 6 (04:49):
Mega media.
Speaker 11 (04:50):
I wish in my soul, I wish that any.
Speaker 4 (04:53):
Of these people had a conscience.
Speaker 1 (04:56):
Ask yourself, what is my test and what is my purpose?
Speaker 4 (05:00):
If that answer is to save.
Speaker 11 (05:02):
My country, this country will be saved.
Speaker 6 (05:06):
War Room, here's your host, Stephen k Back.
Speaker 11 (05:14):
Okay, Tuesday, fifteen July, Year of a Lord, twenty twenty five,
a quite wild day in the nation's capital. So the
Genius Act, they took down the rule the Republicans did.
That's not going forward at least right now. They're going
to have another vote at five o'clock. We're going to
cover it live. Guess what. They've canceled all the votes,
any remaining votes, and maybe tomorrow the big hang up
(05:36):
there among a number of things, maybe the there's a
backdoor to a central bank digital currency, which some of
the people on the right have brought up. We'll try
to get to the bottom of that. President Trump went
to Pittsburgh. I think ninety billion dollars of investment going on.
He's made some statements about artificial intelligence. We're in our
arms race, and artificial intelligence we have to be the superpower.
(06:00):
And artificial intelligence. We'll get to all that a walk back.
Remember this morning we talked about the Financial Time story,
and particularly about giving the or selling to NATO, who
will then give to the Ukrainians not just offensive weapons
and patriots, but also offensive weapons and including maybe weapons
(06:24):
that could get that could reach Moscow in Saint Petersburg.
The Financial Times had had a quite detailed report about it.
President came out right there and kind of walked it back.
He's not talking about that. Later somebody told the press
that it was just President Trump asking an information question.
So we'll get more to that in a moment. I
(06:46):
want to get Mark Mitchell up. The rest must and
team traditionally has about the best polling of MAGA and
the best polling of President Trump's movement, and the best
polling around President Trump. He did say, hey, Pam, I've
told the Attorney General if there any you know, files
that she deems should be released, and go ahead and
(07:07):
do it. She was asked later at a conference over
the Justice Department. A bat its that she hadn't heard that,
So there's a little bit of you know, I would say,
not as hard as it was the other day. I
also believed that Bongino is back at work over at
the FBI. So, Mark, we've known you for a long time.
(07:28):
You've been on the show almost like a more than
a contribute, almost like a co host. The reason is,
you guys do such a great job, and you have
such a tremendous ability to articulate like very few in
polling can what really the MAGA movement is is thinking
about at the time and where it's headed. You've done
some polling on this specific topic, and in fact I
(07:51):
just saw some I guess you go economist polling that
looks like it lays right on top of yours. Is
quite close to it. Key, walk us through what you're
finding out about this Epstein situation and in the megabase.
Speaker 12 (08:05):
Yeah, But before I get into that polling, I just
want to start at a high level and say Donald
Trump came in with really great approval numbers. He's brought
a lot of foreign investment back to the United States.
He just signed his signature legislation less than two weeks ago,
and it's the summer. The Democrats are imploding. He took
out the Iranian nuclear weapons program, which was insanely popular,
(08:26):
and so where his approval rating should be right now
is soaring, and it's not it's plunging. It's one point
away from the lowest net approval rating that he's.
Speaker 4 (08:34):
Had this entire cycle.
Speaker 12 (08:35):
And the last time he had a rating it was
negative five, was back in April. That was when the
market imploded fifteen percent. So people are trying to say
this isn't a big deal. People are trying to say
nobody wants this Epstein information out.
Speaker 4 (08:47):
It's an absolute misdirection.
Speaker 12 (08:50):
This is horrifying and if it isn't corrected, it threatens
derailing Trump's agenda, getting rid of his political capital. If
this isn't fixed, this might hang over Trump's administration. It
could be his Afghanistan going into the fall with Democrats
still pounding away. How come you flip flopped on Epstein
and they are in my opinion, there are some very
(09:10):
easy fixes, but I just want to get to the
polling now.
Speaker 4 (09:13):
And this is brutal. When I got these cross tabs back,
but hey.
Speaker 11 (09:17):
I been hang on, but hey, hang on, but hang on,
hang on, hang on, hang on one second. I just
want to go back to your opening. Given the role
he's been on and the run he's been on, and
particularly the other day, even the media was saying they've
never seen a present on this kind of run, and
it kind of kicks off the summer where there's less
(09:38):
interest in politics. But it's just his momentums building you
would have anticipated with landmark legislation with although we didn't
like the involvement in Iran, he did dramatically end the
twelve day war and didn't have regime change. I mean,
everything he's doing is kind of clicking. Just that being
if this hadn't come up Sunday a week ago, what
(10:01):
would you have anticipated his polling? Where would you see
the trend line going? Where would you see his polling
going on a national base end with the Mega movement?
Speaker 12 (10:11):
Well, just talking about his job approval rating, he hit
net plus eight June fifteenth, which was also I will admit,
the first day that Israel attacked Iran. I think it
was June thirteenth, and it's been downhill since then. So
he's lost twelve points. Now he's underwater four points. People
who've been following us know that we've been putting out
a chart pretty much daily that overlays all the presidential
(10:33):
net approvals going back to Obama one. And where I
was going into July fourth was I said, well, Trump's
probably a day or two away from crossing over Obama's numbers.
And where are we now? Donald Trump is crossing under
Joe Biden's numbers. And so that's a pretty big reversal
in less than a week. And the biggest news I
mean that I can attribute to this. It's like, maybe
(10:55):
people have heartburned that the one big beautiful bill was
the messaging was a bit of a mess doesn't cut enough.
Maybe it's the news that Republican establishment is playing footsy
with amnesty because of all the people who love slave labor.
But the big one is Epstein and people keep downplaying it.
But this is not about a guy who died in
twenty nineteen. This is about a representation of two tier
(11:18):
justice and about unaccountable government. And I don't think I mean,
listen back in March Row's the end of February, voters
were let down on the Epstein thing too, but that's
because they thought Trump was Okay, he'll just bring it later.
It's been a campaign promise, and I know that he
didn't specifically quote it very many times, but this has
been basically a proxy for a government accountability and redress
(11:43):
for the deep state. And so what happened, in my
opinion in the last few days is that there was
a major rug pull and it's affecting his polling. Now,
what do I think might happen. I think his approval
will probably recover somewhat. I don't think he's going to
be as poorly reviewed as Joe Biden, and I don't
think that this as big as Afghanistan. But the problem
is is that this is not going to go away.
(12:05):
It's not going to go away. The Democrats are going
to keep talking about it because they need something to
talk about. Democrats are plus two on the generic ballot
right now. And so if Donald Trump is going to
reverse the historical tendency of the out of power party
regaining the Senate in the House, he can't just be
kicking around at forty eight percent and go into twenty
(12:27):
twenty six with a whole lot of open questions about
strong campaign promises. And again, I think there's an easy
way to reverse this, and I hear some people talking
about it, but the FC polling is horrifying, Like I
haven't seen numbers these brutal.
Speaker 4 (12:40):
If you want me to get to the cross tabs,
it's let's.
Speaker 11 (12:44):
I want you to go to the cross tabs. No,
go to the cross tabs. We want to see the
receipts here.
Speaker 12 (12:51):
Okay, this is all taken after the announcement that there
was nothing to see here. Case closed. We saw the video,
he didn't did not get murdered. Voters aren't buying it.
They think Jeffrey Epstein was murdered forty seven percent to
thirty one percent. Suicide only thirty three percent of Republicans,
even though the Trump administration said so. Only one third
(13:13):
of Republicans said that he committed suicide twenty seven percent
of Independence.
Speaker 4 (13:17):
This one's even worse.
Speaker 12 (13:19):
The FBI and the Federal Department of Justice have been
recently concluding an investigation which found that Jeffrey Epstein committed
suicide and that the Epstein client list that Epstein did
not keep a client list of men involved in sex
trafficking operation. Do you believe the FBI and the Department
of Justice are telling the truth about Epstein twenty one percent.
Speaker 10 (13:41):
Yes.
Speaker 12 (13:42):
This is a country that fifty percent voted for Donald
Trump twenty one percent yes, fifty six percent No. Only
twenty seven percent of Republicans they're not buying the administration line.
Speaker 4 (13:53):
Fifteen percent of independence.
Speaker 12 (13:56):
Donald Trump started this administration with plus six among independents.
He's of nineteen that approval with independence right now, by
the way, which is closer to your opinion, the Epstein
case is now closed, echoing Pambondi's assessment, sixteen percent, or
there are dozens of powerful and wealthy offenders who need
to face justice sixty eight percent, sixty eight percent of Democrats,
(14:20):
sixty six percent of Republicans, sixty nine percent of Independence,
only fourteen percent of Independence say this case is closed.
And so maybe these numbers will moderate, Maybe other major
issues will take me in best. He's been in the
news for years now, and this is, in my opinion,
like I said, a representation of the two tier system
of justice, a canary in the coal mine that maybe
(14:42):
we're not going to face accountability on things like the vaccine,
on fix like the weabinized Department of Justice, on things
like the FBI riding Marlo with.
Speaker 11 (14:51):
Hang on one second, Just hang on one second. We're
going to hold you through the break mark Mitchell Rasmussen
on polling.
Speaker 6 (14:58):
Next War Room, here's your host, Stephen K.
Speaker 11 (15:03):
Bat Okay, fellow Paston's going to join us the team
over at Birch Gold. Now, I think you're going to
see some turbulence. President but once again reiterated, Hey, if
the Russians have not complied and they're not sitting down
at a table and trying to work on a ceasefire
and a piece deal, not just sanctions, additional sanctions, but
(15:23):
secondary sanctions. He actually hinted to even more economic warfare
on one today. He said, Hey, it was misinterpreted what
I said. The Financial Times misinterpreted or people in the
room misinterpreted what I was saying about the use of
offensive weapons. But they got fifty days to comply, and
then there's going to be some They're going to have
(15:44):
another wave of kind of economic warfare. He was pretty
specific about that. In times of turbulence, more than ever,
gold has been a hedge, been a hedge for five
thousand years. You ought to find out why Birch goold
dot com slash Bannon ended the dollar empire seven free,
seven free episodes or installments. Philip Patrick's on here. We're
(16:06):
working on number eight right now, coming back from the
rear reset. The bricks nations pretty savvy about how they
were going to go about this and these bilateral trade
deals and try to hide it. The de dollarization, the
de dollarization of the world's economy. They want to get
away from the United States as having the control factors.
People said on the one of the questions they asked
(16:26):
President Trump was could use the Swiss system to shut
down all Russian transactions. The reality as we can use
the Swift system to come the out internationally. That's why
it's very important to understand the dollar as the prime
reserve currency, the impact it has on your life and
the impact it has on the world. Birch Gold dot
com slash ban into the Dollar Empire. Check it out
(16:48):
today and we're going to get We're going to get
Philip Patrick on here at the bottom. Rassmussen do me
a favorite, I mean, Mark Mitchell doing me fair. Let's
go back. I want to go back to something you
said and I want to explain to people because this
you guys have been doing this daily tracking pole for
you all the way back to Obama's term.
Speaker 4 (17:06):
Correct, Absolutely, yeah.
Speaker 11 (17:10):
And and people have used that as a gauge. You
guys have been extraordinarily accurate, and you can see inflection points,
particularly say like Afghanistan. There's inflection points in a presidency
that you can go back later and see in your
tracking poll where it hit. You made a comment that
on July fourth, or around July fourth, that President Trump
(17:34):
was close to passing Obama on the on the tracking pole?
Was Obama at was I guess? Was he at the highest?
Speaker 3 (17:42):
Is he?
Speaker 11 (17:42):
Is he like a standard for you guys to look at?
And was why was that important that President Trump was
close to you thought within two days would pass that?
Speaker 12 (17:52):
Well, it books the historical trend of this idea of
a summer of disillusionment where people were promised a whole
lot of things on the stump and then realized that
the establishment candidates can't actually come in and change anything.
And what's changed over time is that Obama came in
with a really, really, really high honeymoon. It was in
the sixties, almost seventy percent, but of course by the
(18:14):
summer he was kicking around in the high forties. That's
happened to every president, but they've come in with lower
and lower honeymoons. That happened to Trump. He came in
with a fifty three, it got up to a fifty five.
And he's been doing all right, net plus two, net
plus three on average, you know, keeping the supporters picking
up a little bit support from the fall. And you
look at it and say, well, there's really nothing major
(18:36):
that can happen here. They already threw every hoax in
the world against this guy, and the Democrats are in
complete disarray. So short of some kind of black swan,
some kind of economic implosion, some kind of you know,
World War three kicking off in a way that he
was unable to control. He's been on the world stage
for ten years, he's teflon Don.
Speaker 4 (18:55):
People basically know who he is.
Speaker 12 (18:57):
And so for all the suden and unforced air and
I really think it is an unforced air comes like
this and just steals his thumber thunder. We had our
June economic confidence index was the highest print that we've
had since the summer of twenty twenty one. Our unemployment
rate that we measure every month is going down. There's
(19:17):
all of these reasons that people should be positive and
what is everybody going to talk about, probably for months,
is this Epstein thing. And it's also because there's just
so many obvious gas lighting and fake logic. And listen,
this is not about the list. People don't want to
see the list. The reason they're asking the list is
because they don't trust the FBI anymore to do investigations.
(19:40):
This is the FBI that under Biden, a majority of
people said was Joe Biden's personal gestapo. And so this
is the part that I don't think that Trump administration appreciates.
This was an election. People say, oh, it's the economy. No,
it was an election about institutional trust and the death
of the American dream. But thirty percent trust the federal
govern government. Strong majority think the DOJ was weaponized. Seventy
(20:03):
two percent are concerned we're living in a police state.
We have these numbers over and over again, and a
really big one. How important is the rule of law
ensuring public officials are held to the same standard of
justice as other citizens. Ninety four percent important, eighty two
percent very important.
Speaker 4 (20:19):
That's as close as it gets to one hundred.
Speaker 12 (20:21):
You wouldn't see somebody like Oxygen wouldn't even get eighty
two percent very important.
Speaker 4 (20:26):
So this idea of two tier justice is just.
Speaker 12 (20:29):
Absolutely an anathema to people, and we're going to be
talking about it. That's the problem. And how do they
get rid of this? They have an eleven billion dollars
a year Federal Bureau of Investigation. Where are the investigations?
Just because we have new people at the head of
these administrations is not enough to restore public trusts. The
(20:52):
trust in these institutions was destroyed under Biden. It takes
extraordinary transparency, in my opinion, to give that back that
trust back to voters. You can't just say nothing to
see here is trust me. BRO is not going to
work to restore trust. It should be Hey, this week
we're launching this investigation. Here's how many agents are on.
(21:12):
Here's the general plan of attack. Here's where you're going
to hear something about it. Like, it's not about going
on Fox News, It's about having this substance.
Speaker 4 (21:21):
Here's the thing. I mean, if people.
Speaker 2 (21:24):
Hang on account, hang.
Speaker 11 (21:28):
Yeah, hang on one second. Hang John Salem was on
here on Friday and he taught me this institutional trust
and President Trump and he kind of announced a leak
that was coming out of the FBI and the Justice
Department that there is now and you saw a little
bit of it in the New York Post that you
know Brennan and Quome, there's a criminal investigation. Now, it
(21:49):
turns out it's much broader. They're very close. And what
I understand is within a couple of days or potentially
early next week of announcing a special counsel or a
special prosecutor that's going to take in your issue of
institutional trust, it's going to go back and look at
Crossfire Hurricane, is going to look at the FBI and
the CIA in the nullification project, in the Russia hoax,
(22:11):
and may look, it's going to supposedly look at the
twenty twenty election. It's going to look at January sixth
other things of going after President Trump and weaponizing. Is
that if that was announced and that a systematic program
of that, is that something you think would start to
change people's opinions that people are serious and going to
(22:32):
get on top of this, Sir.
Speaker 4 (22:34):
I hope.
Speaker 12 (22:35):
I think it would be a good first start. Although
people have seen these kind of investigations before. Let's not
talk about Bill Barr and Durham and all this other stuff.
I would love to see one about election integrity. I
would love to see more information about Butler. These are
things listen forget about the JFK files, Like we had, okay,
a federal agency ostensibly involved in killing a sitting president.
(22:59):
Where was the root cause and corrective action? Just the
fact that they're all dead isn't good enough, Like how
did that happen in an agency? And then not only that,
in the last twelve months, you have the leading candidate
of a presidential election was literally shot and we've heard
basically nothing. Who's leading that investigation of what have they found?
How much money are they spending? The public have an
(23:20):
interest in knowing this kind of information, and the existence
of the investigation, in my opinion, is probably not enough
given the last ten years of experience about how these
things go.
Speaker 4 (23:31):
So I'd love to see more of this roll out.
Speaker 12 (23:33):
And maybe this is stuff that's not possible, But I'm sorry,
this is the situation.
Speaker 4 (23:37):
People do not trust.
Speaker 12 (23:38):
The government absolutely at all, And again there needs to
be people keep saying, here's the political reality. I'm Mike Johnson.
I'm sorry, but these are the rules. Well, everybody knows
that Democrats are going to break the rules. And I'm
not saying necessarily break the rules, but break a sweat,
because the optics of the one big, beautiful bill, in
my opinion, just look like business is usual in Washington,
(24:01):
d C. How are you going to win in twenty
twenty six? You know, let's spitball. If the Democrats take
control of the Senate, are we still going to have
the filibuster rules, sixty vote rule. I don't know a
lot of important people I talk to say no. So
if that's the case, let's just get rid of it.
And here's an idea. Instead of business as usual four
(24:22):
thousand page bills, how about you put out a super
popular bill every week all the way up to the
twenty twenty sixth election. I could list a lot off
the top of my head, including things like auditing elections,
paper ballots, voter id everify all of these things. We
just got twenty eight Trump executive orders qutified into the law. Okay,
we got another one hundred that'll get us all the
(24:43):
way to like December. Let's do it. And so I
don't unless you see rapid things like this, how is
Trump going to unravel this labyrinthian beast with within whom
very little, in my opinion, has been done from a
root cause and corrective action perspective to restore trust in people.
Now they came in again. Here's the paradox right direction.
(25:04):
Polling is at forty four percent right now. It's still
super high. I don't think this is lost for Trump,
but this one, you can't just pretend that it's not
going to be a problem hanging over this administration. The
Democrats have nothing to run on, So what do you
think they're.
Speaker 4 (25:18):
Going to run on.
Speaker 12 (25:18):
They're going to run on releasing the Epstein List. They're
going to blame Trump for it, and it's going to
be ugly if they get in control of the House.
Guess what their first commission is going to be. They're
going to have a commission to look into the Epstein
list and do what Republicans said they would and didn't.
Speaker 4 (25:34):
Will that affect Trump's numbers? Probably not.
Speaker 12 (25:36):
But the Republicans need every little bit of help they
can get. Right now, it's Democrat plus three or four
on the real pay politics aggregate.
Speaker 4 (25:43):
What do Republicans need going into.
Speaker 12 (25:46):
The fall of twenty six in order to maintain control
of the government. It's probably something six seven or eight
points to the right of that, plus ACTLU getting dissolved,
plus like whatever else. I don't know, but again hard
to predict. And I'm pounding on the table. This is
not just me, like, I'm talking to other people who
are having the same concerns. I don't know if you
(26:07):
saw it, but four of us, honest polsters that do
a good job got together. We found in the National
Association of Independent Polling. I think people will be happy
an organization like that exists that can counteract to mainstream
media continued gas lighting.
Speaker 4 (26:24):
That's only getting worse. It's only going to get worse.
Speaker 12 (26:26):
And the people I'm talking to there you know them,
like you've had rich Barrison and we've talked to Matt Towry.
Speaker 4 (26:31):
This is bad.
Speaker 11 (26:32):
Yep.
Speaker 4 (26:33):
This is affecting everybody's numbers.
Speaker 11 (26:35):
Yeah, can you what's your social media in YouTube? We
got about twenty seconds. We'll have you back on tomorrow.
The next thing very important.
Speaker 12 (26:42):
He wants an underscore pole honest polster on Twitter. Rasp
wus an underscore pole on YouTube.
Speaker 11 (26:50):
Mark Mitchell, you're the best, incredible, Richard Barris, they're worried.
The best guys we got to worried. Short break.
Speaker 1 (27:00):
Fifty days. What happens now?
Speaker 2 (27:02):
You talked to Laim.
Speaker 3 (27:03):
Well, at the end of fifty days, if we don't
have a deal, it's gonna be uh too bad.
Speaker 4 (27:08):
Should get more aggressive?
Speaker 2 (27:10):
Yeah, the tires are going to go on and other
sanctions go on.
Speaker 1 (27:15):
Lensky target Moscow? Should the Lensky target Moscow?
Speaker 2 (27:18):
Sir?
Speaker 1 (27:20):
Should the Lensky target Moscow?
Speaker 2 (27:22):
Or deeper in for RuSHA, he shouldn't target Moscow?
Speaker 6 (27:24):
Is that why you gave him more weapons?
Speaker 3 (27:26):
Though?
Speaker 2 (27:27):
Wait, lay, no, we're not lucky to do that. President.
Speaker 7 (27:35):
Financial Times excuse me is reporting, according to two people familiar,
that there was a call between Vladimir Zelenski and Donald
Trump where Trump asked Vladimir Zelenski if he could hit
Moscow from Ukraine? Can he attack Moscow from Ukraine?
Speaker 4 (27:52):
Can you hit Saint Petersburg to.
Speaker 7 (27:54):
Trump asked on the call, According to these sources, speaking
to FT, they said, Lensky replied, absolutely, we can if
you give us the weapons, and that Trumps signaled is
backing for the idea, describing the strategy as intended to
make them the Russians feel the pain and force the
Kremlin to the negotiating table. According to two people who
(28:17):
were briefed on that call. Donald Trump was asked a
version of this on the White House lawn.
Speaker 4 (28:21):
He denied it.
Speaker 7 (28:22):
But this reporting does that change anything with Vladimir Putin?
Speaker 4 (28:28):
I mean, you know how, no fury like a Trump scorned.
Speaker 8 (28:31):
I think again, the journey Trump has made here is significant.
I don't think it changes too much for Putin because
these discussions about attacking deep into Russian territory are not new.
Speaker 4 (28:43):
There was similar.
Speaker 8 (28:44):
Discussions that were had during the Biden administration, and ultimately
where things ended up was that you don't want to
go too far there. You don't want to acknowledge American
involvement in that because that's where the nuclear deterrent comes
into play. And so my sense is that much as
though Trump's pivot here is absolutely worth noting as we
are all doing, it kind of takes you back to
(29:07):
where we were a year ago with the Biden administration.
Which is also to say, Katie, it's still a bit
of a stalemate. It still doesn't mean we're any closer
to an end to the war. It doesn't mean that
we're any closer to resolving the problem we have with Putin,
and Putin knows all of this. In a sense, he's
always had time on his side, so he's going to
(29:27):
keep playing the team.
Speaker 7 (29:29):
By the way, the White House in this reporting has
said that it was taken out of contact that Donald
Trump just asking the questions.
Speaker 11 (29:38):
Okay, welcome back, Mark Mitchell. There. The key is about
the institutional trust, and you know people have lost trust
in the FBI, of ass trust in the CIA. We're
going to have Jefferson Mortley on tomorrow. Jefferson is the
amazing writer and wrote the book A Ghost about Angleton,
one of the most fascinating characters American history. It's about
(30:01):
the front page story this morning. What mar Mitchell just
alluded to the CIA with direct knowledge of Oswald, and
I mean very direct knowledge of Oswald, what he was
doing in New Orleans and other places. Turns out he
was been tracked by the CIA. A formal file was
opened on him in nineteen fifty nine. They knew every
(30:24):
movement that Oswald made, and the head of Psychological Warfare
of the Miami office of the CIA, and really the
guy heading up all the anti Castro activities knew about
him very closely, actually was monitoring him. Might have been
even more involvement than that and then lie to everybody,
(30:44):
So the institutional trust because it looks like there's some
sort of involvement that now can be shown of the
CIA in the assassination of President Kennedy. Also you have
the judiciary and the CIA and the FBI and the
against Richard Nixon and obviously all of this against President Trump.
(31:04):
And I've had a ringsight seated this. You know, the
Deep States come after President Trump. And I think Mark
Mitchell is one hundred percent correct. Where have Richard Barriss
on the marrow? I will give you a heads up.
Richard Barris once again a guy that understands the Trump
movement MAGA. His numbers are not that far off. I
mean there's numbers layer on top of each other. And
the economist you gov who are not friends of the movement,
(31:26):
have a poll out that's almost as bad. So somehow
this has to be addressed. I just don't think it's
going to It's only going to go away with people
becoming complacent and apathetic. And that's the last thing you
need in these midterm elections. You need everybody up on
the you know, at the on watch and right now
(31:48):
you can already tell people are so frustrated with this
in particularly way it's being handled that if they they
you know, they just want to go away with it.
When they go away, you're going to lose some of
your best people. These are your best people. These are
not sunshine soldiers and summer patriots. These are the hardest
core of the hardcore. The people have been with President
Trump forever, the people that had his back in those
(32:08):
dark days of twenty one. I want to play those, Philip.
I want you on here for the bricks, right and
the post of bricks. But there's something deeper that's already developing,
and that is President Trump has given this fifty day
because you can tell he's very frustrated. He's tried to
deal with Putin. It's not working. There's like there's many
geo political and geostrategic elements to this that he may
(32:32):
have not calculated what Putin and these guys intend to
do the KGB. But when he talks about the giving
weapons and shipping weapons, his role, thing he keeps coming
back to is sanctions, even deeper sanctions, and no one's
really focused on this yet. Secondary sanctions would mean sanctions
on India, but particularly sanctions on China. Given everything you
(32:56):
saw in the down in Rio and couple with we
had some I think had good news today on inflation,
President Trump, it looks like the tariffs are kicking in
like you felt without inflation price increases. It looks like
inflation's in a good spot, not a great spot, but
in a good spot. Obviously, capital markets are responding favorably.
(33:19):
You got guys like Ken langone who's a Trump hater
saying how great he is probably the greatest president of
United States. And that's a Wall Street guy saying that,
you know, how concerned are you for what's happened in
the last twenty four forty eight hours about the potential
additional economic warfare around Ukraine? And how do you think
(33:40):
that that will that will impact gold?
Speaker 13 (33:45):
Look, I think it's it's tough in terms of its
impact on gold. I think the more global instability we see,
the more trade wars ignite, the more the sort of
wars we see around the world. How ultimately this instant
that he creates a good climate for gold, and gold
is moving gangbusters in this climate, so short term I think.
Speaker 10 (34:06):
Is good for gold. Longer term, what we'll have to.
Speaker 13 (34:10):
See how it plays out the one thing you talked
about earlier, trust in our institutions being broken. And I
think a big part of the de dollarization movement is
we broke the trust. Whether it was Biden back in
twenty twenty two, back in twenty fourteen, or the eighties,
but trust in the United States has been broken. And
I think sanctions is a policy now, punitive sanctions They
(34:34):
can work shorter term to dissuade, right, maybe it'll be
effective in sort of dissuading Putin. I'm not sure if
they will in moving forward in Ukraine. But I think
longer term we need carrots. And I've said this many times,
we need carrots more than stacks. I think sanctions dissuade
people shorter term, but not longer term. And I think
this bricks d dollarization movement is all about slow and
(34:58):
steady steps. What I've said for a long time is
we need to start using carrots now, not sticks. And
I guess this is the one concern when it comes
to de dollarization that I do have with President Trump
is when you've got a hammer and he's got the
biggest hammer around, every problem starts to look like a
(35:18):
nail where I think we need to start getting a
little bit smarter is when it comes to structuring trade deals.
I think what we need to do is move away
from sort of punitive sanctions and move more towards incentives. Right,
we can tie you know, we have the largest consumer
market in the world. Let's use it to entice people. Right,
(35:38):
We could time market access to US dollar trade settlements
and financial alignment. We could offer industrial infrastructure and near
suring deals to those that align with US. I think
we have an opportunity now to make the world choose
between our way and the other way. And I think
if we sort of layer carrots and not sticks, eighty
(36:00):
more effective.
Speaker 10 (36:01):
Longer time.
Speaker 11 (36:04):
He's got. You know, we have over one hundred and
ten billion dollars coming in now in tariffs. No price
increases at least today, or dramatic price increases. You saw,
and I think this is your reporting. Folks at treasure
in the White House saw that the sophisticated move. Because
a lot of people said, oh the bricks thing laid
an egg, they actually did a very sophisticated move in
these bilateral deals and to have their central banks buy
(36:27):
more gold and eventually settle up that way to dedollarization move.
It was part of and I think the White House
confirmed this when he dropped the fifty percent tariffs on
Lula in Brazil. You know, thirty percent of that thirty
percent was tied to Bolsonar in the trial, and it'll
go away if Bolsonar or the trial, but twenty percent
(36:48):
because he had threatened ten. I think he gave Lula
another love tap of another ten to get his attention
that you know he's he's focused on this de dollarization.
He says it's not going to happen on his watch.
I want to go back if you had to have
a forcing function to force the world to choose between
the two systems, because folks, you understand, this brick system
(37:10):
is starting to become a reality, right, it's starting. It's
a very rudimentary stage, very nascent, but it's starting. If
you had to now force the world to choose, give
that to me again, how would you do that.
Speaker 13 (37:26):
I think it's a case of not forcing the world
to choose, but incentivizing them to move towards us again.
And I think there's a number of ways to do
it right. Number one is through trade policy. Like I said,
we can force nations to make a choice and incentivize
them with our market to do what we want them
to do.
Speaker 10 (37:46):
Right.
Speaker 13 (37:46):
Secondly, I think ultimately trust has been broken. Right, we
talk about trust in our institutions being eroded.
Speaker 4 (37:52):
We need to increase that trust.
Speaker 2 (37:54):
Right.
Speaker 13 (37:54):
We need to start with a clean slate, whether that's
auditing the FED, trade to rebalance sheets, auditing for Knox potentially,
although I don't want to let that sort of rap
it out the hat again, but I think overall increasing
transparency of our financial governance that's a straight up win.
Speaker 10 (38:11):
Right.
Speaker 13 (38:12):
Secondly, like I said before, I think Secretary Besson has
an opportunity in trade deals to set them up in
a way that incentivizes people to work with us right,
offer infrastructure near assuring deals that other countries cannot match,
like I said, and essentially build regional friend sharing blocks. Right,
(38:32):
We've got an opportunity to push forward with soft power.
Speaker 11 (38:36):
Right.
Speaker 13 (38:36):
We killed USA, and rightly so by the way, it
was full of waste, fraud and abuse. But China are
filling that gap with their Belt and Road initiative. There's
some smart things that we can do there. And I
think thirdly, what's the bricks's competitive advantage. They've essentially modernized
the financial system. Right, they built what could be a
(38:56):
better system. They're offering rival financial ssas bilateral cbdc's.
Speaker 10 (39:02):
The new development back. We need to not complain.
Speaker 4 (39:06):
We need to start compete it.
Speaker 13 (39:07):
Right, we already have and own the global financial network.
Let's modernize it. Let's internationalize FED now create real time
US dollar settlement for trusted partners. Look, ultimately, what this
is going to boil down to, I think.
Speaker 10 (39:23):
Is a rebrand.
Speaker 13 (39:24):
The dollar doesn't need to be the only option, but
it does need to be the best option. So I
think we need to rebrand dollar leadership as transparent, growth orientated,
and built on mutual trust. Look at the bricks in comparison, right,
they push compliance through political alignment and a common adversary.
How sustainable that is long term, that's up to us.
(39:47):
But I think the US now needs to compete through trust,
performance and stability. The elephant in the room, though, right,
what all of this is dependent on is getting our
fiscal house in order. Because if we cannot do that,
all of this isn't it fantastic?
Speaker 11 (40:07):
Do you want to is? Are you upset right now
that we can't get past the Recision Bill. It's nine
point four billion dollars. By the way, you should know
to get to vote. I think to bring it to
the floor, they had to cut four hundred million dollars
off it on some program I think for Collins of Maine.
Are you concerned? I tell you what. Let's answer when
you get back, because we're talking about cutting spending, and
(40:28):
right now the Recisions Package, which is supposed to be
symbolic that moving forward, is now going from nine point
four billion to nine billion because the Senate just doesn't
have the stomach to cut spending. Philip Patrick Birch Gold
is with us short break. He'll be on the other
side for the world on the walk. We will buy
(40:52):
the lot God we retic dollars.
Speaker 6 (41:01):
Use your host, Stephen k Ban.
Speaker 11 (41:06):
You've seen what happened in the whole country of Texas.
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it out today. Philip Patrick, we can't you know, and
I keep you know, arguing to the administration. Just come
with the impowments, to come with the pocket decisions. This
taking so long on a decision that's nine point four
billion dollars and he got a car four hundred million
dollars just to get the rule pass and get it
(42:12):
to the Florida debate. It's just going to take too long.
With the spending cuts President Trump wants to do and
he has the ability to do it, just do the impowments. Also,
all this argument now they've started a formal process. Scott
Beston said it I think today for looking for a
new FED share, President Trump's talking about a three hundred
basis point cut. Right now, we know the thinking of
(42:33):
a twenty five basis point cut. I guess in September
based upon these numbers today. Put this in perspectives for us,
both the spending cuts that we still need to have
and President Trump still has the ability to do coupled
with the search for a new FED share, and President
Trump wants a three hundred basis point cut sometime, you know,
(42:54):
soon surre your thoughts.
Speaker 13 (42:58):
Look, I understand exactly why why President Trump wants the cut.
Right He's looking at thirty six and a half trillion
dollars of debt that already costs over a trillion dollars
a year to refinance. So we need the cuts. If
we want to grow the economy and get a handle
on debt service, we need the interest rate cuts. The
feeder in a tough position. Pal says he's not political,
(43:19):
but he's resisting lowering rates.
Speaker 10 (43:21):
It's as if he really doesn't want to do so.
Speaker 13 (43:24):
And this sort of spike in inflation, small spike, but
spike maybe the catalyst for him to hold firm.
Speaker 10 (43:31):
It's interesting because.
Speaker 13 (43:33):
You know, he should have done that back at the
end of twenty twenty four when Biden was in power,
but he made the.
Speaker 10 (43:38):
Decision essentially not to do that.
Speaker 13 (43:40):
So the feeder looking more political now than they have
done in a while. Look, in terms of curbing spending,
that has to be ultimately the priority, right, and this
they're preparing now in the Senate for procedural vote on
the nine point four billion recission package. It targets eight
point three billion I think in foreign aid and one
(44:03):
point one billion for public broadcasting. Look, these cuts are important, right,
It would be the first real rollback since Clinton. So
it's a shift towards fiscal conservatism, but ultimately it's a
drop in the back here. We have a lot more
to find in terms of cuts if we want to
balance the budget and give these guys a chance to
grow the economy. So there's a ton going on. I
(44:25):
don't see a three hundred basis point cut coming from
the Fed. I think right now they're probably going to
hold firm, wait and see what happens with inflation until
the end of the year. So I'm not sure President
Trump's going to get his way, But it's interesting and
we'll have to see how it plays out.
Speaker 11 (44:43):
Now we're going to go to work on the eighth installment.
Can you give a just a couple of highlights of
what you found in? Now's your back your REO trip, sir.
Speaker 10 (44:57):
Look what was so interesting? I mean, did we did
we learn anything we didn't know?
Speaker 13 (45:03):
No, the bricks are certainly committed to dedollarization.
Speaker 10 (45:07):
We knew that when we came.
Speaker 13 (45:08):
Out, and I think it was confirmed when we got there.
What was interesting, though, was really understanding the motivations.
Speaker 5 (45:16):
Right.
Speaker 13 (45:16):
I always assumed that a lot of the motivation would
be financial, Right, watching dead exploding, watching deficit spending in
the United States, that was largely the catalyst. But it
turns out it wasn't the case. This is a trust issue.
This goes back to the nineteen eighties. It goes back
to twenty twenty two. That the trust has been broken,
(45:38):
which ultimately has encouraged me when it comes to solutions. Right,
I've been not so encouraged when it comes to how
we're going to curb spending and get our fiscal house
in order, but I am encouraged when it comes to
building trust globally. So for me, I've come back motivated
to try and find some solutions. But ultimately I understand
(46:01):
now how committed these guys are, at least at this
point to deed allarizing, and how important it is that
we stop it as soon.
Speaker 6 (46:09):
As we can.
Speaker 11 (46:12):
How do people what I tell folks is I want
to build a relationship with you and your team. How
can they get there? Because with this Ukraine situation heating
up in folks, you might want to wish it away.
It's not going to go away, right, It's not going
to go away. And I think President Trump in this
article on the ft and then what he said on
the lawn heading to Pittsburgh today, you realize the seriousness
(46:33):
of this is kind of combination of economic warfare and
kinetic war. You add on top of that what's happening
in Persia the South China Sea, and you double that
down with the bricks nations. These central banks continue to
buy gold because they want to hedge. Where do people
go to get a relationship with you? Because most important
now they build a relationship with Philip Patrick and his
(46:54):
team at Birch Gold.
Speaker 13 (46:55):
Sir, It's burst gold dot Com forward slash ban Burt's
Gold dot Com forward slash Fannon but I want to
say one thing quickly. Listen, these problems have been here
for the last three years, right, but we didn't talk
about them. Now we're talking about them. They didn't start today,
but at least the administration is addressing them. And this
is why I voted for President Trump. This is why
(47:18):
we need President Trump because ultimately they understand the issues
and they're working towards solutions. It's going to be a
bumpy road, but people have to understand the fact that
it's out there in the mainstream.
Speaker 10 (47:29):
This is encouraging.
Speaker 13 (47:30):
The problems were there before, they just weren't getting dealt with.
Speaker 10 (47:34):
Sorry for that rant.
Speaker 13 (47:35):
It's birch gold dot com, forward slash Bannery or techspann
in to nine eight nine eight nine eight.
Speaker 11 (47:43):
Philip Patrick, that's not a rant. That's great. Love having
you on here, brother, welcome back from Rio.
Speaker 10 (47:51):
Thank you, Steve.
Speaker 11 (47:52):
We're going to take a short break. Let's get let's
say Michael and Dale's going to stick with us a
top second hour of Mike. Let everybody know where do
they go right now to make a call for the
for a pillow. We're gonna tell your story on the
other side, where do people go right now on my pillow.
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Speaker 11 (48:52):
Okay, stick stick around. We're gonna have you tell your
story next and word
Fifty days. What happens now?
Speaker 2 (00:02):
Do you talked to Latimer? Well, at the end of
fifty days, if we.
Speaker 3 (00:05):
Don't have a deal, it's gonna be uh too bad.
Speaker 4 (00:09):
Should get more aggressive?
Speaker 3 (00:11):
Yeah, the TIFFs are going to go on and other
sanctions go on.
Speaker 1 (00:15):
Lensky target Moscow? Should the Lensky target Moscow?
Speaker 5 (00:19):
Sir?
Speaker 1 (00:20):
Should the Lensky target Moscow or deeper in for Rushall.
Speaker 2 (00:23):
He shouldn't target Moscow?
Speaker 6 (00:25):
Is that why you gave him more weapons?
Speaker 3 (00:26):
Though?
Speaker 2 (00:27):
Wait play, No, We're not lucky to do that. The president.
Speaker 7 (00:36):
Financial Times excuse me is reporting, according to two people familiar,
that there was a call between Vladimir Zelenski and Donald
Trump where Trump asked Vladimir's Lensky if he could hit
Moscow from Ukraine? Can he attack Moscow from Ukraine? Can
you hit Saint Petersburg to Trump asked on the call,
According to these sources, speaking to FT, they said Lensky
(00:59):
were but absolutely we can if you give us the weapons,
and that Trumps signaled is backing for the idea, describing
the strategy as intended to make them the Russians feel
the pain and force the Kremlin to the negotiating table.
According to two people who were briefed on that call,
Donald Trump was asked a version of this on the
(01:20):
White House lawn.
Speaker 4 (01:21):
He denied it.
Speaker 7 (01:22):
But this reporting does that change anything with Vladimir Putin?
Speaker 8 (01:28):
I mean, you know how, no fury like a Trump scorned.
I think again, the journey Trump has made here is significant.
I don't think it changes too much for Putin because
these discussions about attacking deep into Russian territory are not new.
There were similar discussions that were had during the Biden administration,
and ultimately where things ended up was that you don't.
Speaker 4 (01:50):
Want to go too far there.
Speaker 8 (01:51):
You don't want to acknowledge American involvement in that because
that's where the nuclear deterrent comes into play. And so
my sense is that much as though Trump's pivot here
is absolutely worth noting as we are all doing, it
kind of takes you back to where we were a
year ago with the Biden administration. Which is also to say, Katie,
(02:12):
it's still a bit of a stalemate. It still doesn't
mean we're any closer to an end to the war.
Speaker 4 (02:18):
It doesn't mean.
Speaker 8 (02:18):
That we're any closer to resolving the problem we have
with Putin and Putin knows all of this in a sense,
he's always had time on his side, so he's going
to keep playing the team.
Speaker 7 (02:29):
By the way, the White House in this reporting has
said that it was taken out of context that Donald
Trump just asking the questions.
Speaker 9 (02:35):
All right, he brank you on the DFJ and FBI review.
Speaker 2 (02:41):
The findings of that review is yn't break you?
Speaker 3 (02:44):
What on a DJ and f what what's object?
Speaker 7 (02:49):
And the review of the files? Curry, don't pay up
on you?
Speaker 2 (02:51):
Very very quick briefing here did she tell you? What
did she tell you about you?
Speaker 9 (02:55):
In specifically did she tell you?
Speaker 3 (02:57):
And all that your name up here in the buy
and she's she's given us just a very quick briefing.
And in terms of the credibility of the different things
that they've seen. And I would say that you know,
these files were made up by Komi, they were made
up by Obama, they were made up by biting it
from you know, uh we And we went through years
(03:19):
of that with the Russia Russia Russia hoax, with all
of the different things that we had to go through.
We've gone through years of it. But she's handled it
very well. And it's going to be up to her.
Whatever she thinks is credible, she should release. Yet, well,
the President said.
Speaker 2 (03:34):
Today you would release credible files related Miss Risky.
Speaker 10 (03:38):
Are you prepared to see that?
Speaker 9 (03:39):
And when we are our memo today, our memo speaks
for itself, and we'll give back to you on anything else.
I haven't seen all of his statements today.
Speaker 11 (03:47):
Thank you, these how.
Speaker 10 (03:50):
Has expressed a lot of frustration about.
Speaker 9 (03:52):
We're going to fight to keep America safe again, and
we're fighting together as a team. That's what that's what's so.
Speaker 11 (03:59):
Important right now.
Speaker 9 (04:00):
You know, we've got a war on drugs, we've got
a war on human trafficking. We've got cartels in this
country and we are going to do We've got foreign
out of the series around this world as well, and
we're all going to work together as a team to
fight to keep America safe again. And I can tell
you that's what we're all committed to. Thank you, Thank
(04:20):
you all for being here, and thanks.
Speaker 11 (04:24):
This is the primal scream of a dying regime. Pray
for our enemies because we're going to medieval on these people.
You got a free shot. All these networks lying about
the people. The people have had a belly full of it.
I know you don't like hearing that. I know you've
tried to do everything in the world to stopped there,
but you're not going to stop it. It's going to happen.
Speaker 4 (04:46):
And where do people like that go to share the
big line?
Speaker 6 (04:49):
Mega media.
Speaker 11 (04:50):
I wish in my soul, I wish that any.
Speaker 4 (04:53):
Of these people had a conscience.
Speaker 1 (04:56):
Ask yourself, what is my test and what is my purpose?
Speaker 4 (05:00):
If that answer is to save.
Speaker 11 (05:02):
My country, this country will be saved.
Speaker 6 (05:06):
War Room, here's your host, Stephen k Back.
Speaker 11 (05:14):
Okay, Tuesday, fifteen July, Year of a Lord, twenty twenty five,
a quite wild day in the nation's capital. So the
Genius Act, they took down the rule the Republicans did.
That's not going forward at least right now. They're going
to have another vote at five o'clock. We're going to
cover it live. Guess what. They've canceled all the votes,
any remaining votes, and maybe tomorrow the big hang up
(05:36):
there among a number of things, maybe the there's a
backdoor to a central bank digital currency, which some of
the people on the right have brought up. We'll try
to get to the bottom of that. President Trump went
to Pittsburgh. I think ninety billion dollars of investment going on.
He's made some statements about artificial intelligence. We're in our
arms race, and artificial intelligence we have to be the superpower.
(06:00):
And artificial intelligence. We'll get to all that a walk back.
Remember this morning we talked about the Financial Time story,
and particularly about giving the or selling to NATO, who
will then give to the Ukrainians not just offensive weapons
and patriots, but also offensive weapons and including maybe weapons
(06:24):
that could get that could reach Moscow in Saint Petersburg.
The Financial Times had had a quite detailed report about it.
President came out right there and kind of walked it back.
He's not talking about that. Later somebody told the press
that it was just President Trump asking an information question.
So we'll get more to that in a moment. I
(06:46):
want to get Mark Mitchell up. The rest must and
team traditionally has about the best polling of MAGA and
the best polling of President Trump's movement, and the best
polling around President Trump. He did say, hey, Pam, I've
told the Attorney General if there any you know, files
that she deems should be released, and go ahead and
(07:07):
do it. She was asked later at a conference over
the Justice Department. A bat its that she hadn't heard that,
So there's a little bit of you know, I would say,
not as hard as it was the other day. I
also believed that Bongino is back at work over at
the FBI. So, Mark, we've known you for a long time.
(07:28):
You've been on the show almost like a more than
a contribute, almost like a co host. The reason is,
you guys do such a great job, and you have
such a tremendous ability to articulate like very few in
polling can what really the MAGA movement is is thinking
about at the time and where it's headed. You've done
some polling on this specific topic, and in fact I
(07:51):
just saw some I guess you go economist polling that
looks like it lays right on top of yours. Is
quite close to it. Key, walk us through what you're
finding out about this Epstein situation and in the megabase.
Speaker 12 (08:05):
Yeah, But before I get into that polling, I just
want to start at a high level and say Donald
Trump came in with really great approval numbers. He's brought
a lot of foreign investment back to the United States.
He just signed his signature legislation less than two weeks ago,
and it's the summer. The Democrats are imploding. He took
out the Iranian nuclear weapons program, which was insanely popular,
(08:26):
and so where his approval rating should be right now
is soaring, and it's not it's plunging. It's one point
away from the lowest net approval rating that he's.
Speaker 4 (08:34):
Had this entire cycle.
Speaker 12 (08:35):
And the last time he had a rating it was
negative five, was back in April. That was when the
market imploded fifteen percent. So people are trying to say
this isn't a big deal. People are trying to say
nobody wants this Epstein information out.
Speaker 4 (08:47):
It's an absolute misdirection.
Speaker 12 (08:50):
This is horrifying and if it isn't corrected, it threatens
derailing Trump's agenda, getting rid of his political capital. If
this isn't fixed, this might hang over Trump's administration. It
could be his Afghanistan going into the fall with Democrats
still pounding away. How come you flip flopped on Epstein
and they are in my opinion, there are some very
(09:10):
easy fixes, but I just want to get to the
polling now.
Speaker 4 (09:13):
And this is brutal. When I got these cross tabs back,
but hey.
Speaker 11 (09:17):
I been hang on, but hey, hang on, but hang on,
hang on, hang on, hang on one second. I just
want to go back to your opening. Given the role
he's been on and the run he's been on, and
particularly the other day, even the media was saying they've
never seen a present on this kind of run, and
it kind of kicks off the summer where there's less
(09:38):
interest in politics. But it's just his momentums building you
would have anticipated with landmark legislation with although we didn't
like the involvement in Iran, he did dramatically end the
twelve day war and didn't have regime change. I mean,
everything he's doing is kind of clicking. Just that being
if this hadn't come up Sunday a week ago, what
(10:01):
would you have anticipated his polling? Where would you see
the trend line going? Where would you see his polling
going on a national base end with the Mega movement?
Speaker 12 (10:11):
Well, just talking about his job approval rating, he hit
net plus eight June fifteenth, which was also I will admit,
the first day that Israel attacked Iran. I think it
was June thirteenth, and it's been downhill since then. So
he's lost twelve points. Now he's underwater four points. People
who've been following us know that we've been putting out
a chart pretty much daily that overlays all the presidential
(10:33):
net approvals going back to Obama one. And where I
was going into July fourth was I said, well, Trump's
probably a day or two away from crossing over Obama's numbers.
And where are we now? Donald Trump is crossing under
Joe Biden's numbers. And so that's a pretty big reversal
in less than a week. And the biggest news I
mean that I can attribute to this. It's like, maybe
(10:55):
people have heartburned that the one big beautiful bill was
the messaging was a bit of a mess doesn't cut enough.
Maybe it's the news that Republican establishment is playing footsy
with amnesty because of all the people who love slave labor.
But the big one is Epstein and people keep downplaying it.
But this is not about a guy who died in
twenty nineteen. This is about a representation of two tier
(11:18):
justice and about unaccountable government. And I don't think I mean,
listen back in March Row's the end of February, voters
were let down on the Epstein thing too, but that's
because they thought Trump was Okay, he'll just bring it later.
It's been a campaign promise, and I know that he
didn't specifically quote it very many times, but this has
been basically a proxy for a government accountability and redress
(11:43):
for the deep state. And so what happened, in my
opinion in the last few days is that there was
a major rug pull and it's affecting his polling. Now,
what do I think might happen. I think his approval
will probably recover somewhat. I don't think he's going to
be as poorly reviewed as Joe Biden, and I don't
think that this as big as Afghanistan. But the problem
is is that this is not going to go away.
(12:05):
It's not going to go away. The Democrats are going
to keep talking about it because they need something to
talk about. Democrats are plus two on the generic ballot
right now. And so if Donald Trump is going to
reverse the historical tendency of the out of power party
regaining the Senate in the House, he can't just be
kicking around at forty eight percent and go into twenty
(12:27):
twenty six with a whole lot of open questions about
strong campaign promises. And again, I think there's an easy
way to reverse this, and I hear some people talking
about it, but the FC polling is horrifying, Like I
haven't seen numbers these brutal.
Speaker 4 (12:40):
If you want me to get to the cross tabs,
it's let's.
Speaker 11 (12:44):
I want you to go to the cross tabs. No,
go to the cross tabs. We want to see the
receipts here.
Speaker 12 (12:51):
Okay, this is all taken after the announcement that there
was nothing to see here. Case closed. We saw the video,
he didn't did not get murdered. Voters aren't buying it.
They think Jeffrey Epstein was murdered forty seven percent to
thirty one percent. Suicide only thirty three percent of Republicans,
even though the Trump administration said so. Only one third
(13:13):
of Republicans said that he committed suicide twenty seven percent
of Independence.
Speaker 4 (13:17):
This one's even worse.
Speaker 12 (13:19):
The FBI and the Federal Department of Justice have been
recently concluding an investigation which found that Jeffrey Epstein committed
suicide and that the Epstein client list that Epstein did
not keep a client list of men involved in sex
trafficking operation. Do you believe the FBI and the Department
of Justice are telling the truth about Epstein twenty one percent.
Speaker 10 (13:41):
Yes.
Speaker 12 (13:42):
This is a country that fifty percent voted for Donald
Trump twenty one percent yes, fifty six percent No. Only
twenty seven percent of Republicans they're not buying the administration line.
Speaker 4 (13:53):
Fifteen percent of independence.
Speaker 12 (13:56):
Donald Trump started this administration with plus six among independents.
He's of nineteen that approval with independence right now, by
the way, which is closer to your opinion, the Epstein
case is now closed, echoing Pambondi's assessment, sixteen percent, or
there are dozens of powerful and wealthy offenders who need
to face justice sixty eight percent, sixty eight percent of Democrats,
(14:20):
sixty six percent of Republicans, sixty nine percent of Independence,
only fourteen percent of Independence say this case is closed.
And so maybe these numbers will moderate, Maybe other major
issues will take me in best. He's been in the
news for years now, and this is, in my opinion,
like I said, a representation of the two tier system
of justice, a canary in the coal mine that maybe
(14:42):
we're not going to face accountability on things like the vaccine,
on fix like the weabinized Department of Justice, on things
like the FBI riding Marlo with.
Speaker 11 (14:51):
Hang on one second, Just hang on one second. We're
going to hold you through the break mark Mitchell Rasmussen
on polling.
Speaker 6 (14:58):
Next War Room, here's your host, Stephen K.
Speaker 11 (15:03):
Bat Okay, fellow Paston's going to join us the team
over at Birch Gold. Now, I think you're going to
see some turbulence. President but once again reiterated, Hey, if
the Russians have not complied and they're not sitting down
at a table and trying to work on a ceasefire
and a piece deal, not just sanctions, additional sanctions, but
(15:23):
secondary sanctions. He actually hinted to even more economic warfare
on one today. He said, Hey, it was misinterpreted what
I said. The Financial Times misinterpreted or people in the
room misinterpreted what I was saying about the use of
offensive weapons. But they got fifty days to comply, and
then there's going to be some They're going to have
(15:44):
another wave of kind of economic warfare. He was pretty
specific about that. In times of turbulence, more than ever,
gold has been a hedge, been a hedge for five
thousand years. You ought to find out why Birch goold
dot com slash Bannon ended the dollar empire seven free,
seven free episodes or installments. Philip Patrick's on here. We're
(16:06):
working on number eight right now, coming back from the
rear reset. The bricks nations pretty savvy about how they
were going to go about this and these bilateral trade
deals and try to hide it. The de dollarization, the
de dollarization of the world's economy. They want to get
away from the United States as having the control factors.
People said on the one of the questions they asked
(16:26):
President Trump was could use the Swiss system to shut
down all Russian transactions. The reality as we can use
the Swift system to come the out internationally. That's why
it's very important to understand the dollar as the prime
reserve currency, the impact it has on your life and
the impact it has on the world. Birch Gold dot
com slash ban into the Dollar Empire. Check it out
(16:48):
today and we're going to get We're going to get
Philip Patrick on here at the bottom. Rassmussen do me
a favorite, I mean, Mark Mitchell doing me fair. Let's
go back. I want to go back to something you
said and I want to explain to people because this
you guys have been doing this daily tracking pole for
you all the way back to Obama's term.
Speaker 4 (17:06):
Correct, Absolutely, yeah.
Speaker 11 (17:10):
And and people have used that as a gauge. You
guys have been extraordinarily accurate, and you can see inflection points,
particularly say like Afghanistan. There's inflection points in a presidency
that you can go back later and see in your
tracking poll where it hit. You made a comment that
on July fourth, or around July fourth, that President Trump
(17:34):
was close to passing Obama on the on the tracking pole?
Was Obama at was I guess? Was he at the highest?
Speaker 3 (17:42):
Is he?
Speaker 11 (17:42):
Is he like a standard for you guys to look at?
And was why was that important that President Trump was
close to you thought within two days would pass that?
Speaker 12 (17:52):
Well, it books the historical trend of this idea of
a summer of disillusionment where people were promised a whole
lot of things on the stump and then realized that
the establishment candidates can't actually come in and change anything.
And what's changed over time is that Obama came in
with a really, really, really high honeymoon. It was in
the sixties, almost seventy percent, but of course by the
(18:14):
summer he was kicking around in the high forties. That's
happened to every president, but they've come in with lower
and lower honeymoons. That happened to Trump. He came in
with a fifty three, it got up to a fifty five.
And he's been doing all right, net plus two, net
plus three on average, you know, keeping the supporters picking
up a little bit support from the fall. And you
look at it and say, well, there's really nothing major
(18:36):
that can happen here. They already threw every hoax in
the world against this guy, and the Democrats are in
complete disarray. So short of some kind of black swan,
some kind of economic implosion, some kind of you know,
World War three kicking off in a way that he
was unable to control. He's been on the world stage
for ten years, he's teflon Don.
Speaker 4 (18:55):
People basically know who he is.
Speaker 12 (18:57):
And so for all the suden and unforced air and
I really think it is an unforced air comes like
this and just steals his thumber thunder. We had our
June economic confidence index was the highest print that we've
had since the summer of twenty twenty one. Our unemployment
rate that we measure every month is going down. There's
(19:17):
all of these reasons that people should be positive and
what is everybody going to talk about, probably for months,
is this Epstein thing. And it's also because there's just
so many obvious gas lighting and fake logic. And listen,
this is not about the list. People don't want to
see the list. The reason they're asking the list is
because they don't trust the FBI anymore to do investigations.
(19:40):
This is the FBI that under Biden, a majority of
people said was Joe Biden's personal gestapo. And so this
is the part that I don't think that Trump administration appreciates.
This was an election. People say, oh, it's the economy. No,
it was an election about institutional trust and the death
of the American dream. But thirty percent trust the federal
govern government. Strong majority think the DOJ was weaponized. Seventy
(20:03):
two percent are concerned we're living in a police state.
We have these numbers over and over again, and a
really big one. How important is the rule of law
ensuring public officials are held to the same standard of
justice as other citizens. Ninety four percent important, eighty two
percent very important.
Speaker 4 (20:19):
That's as close as it gets to one hundred.
Speaker 12 (20:21):
You wouldn't see somebody like Oxygen wouldn't even get eighty
two percent very important.
Speaker 4 (20:26):
So this idea of two tier justice is just.
Speaker 12 (20:29):
Absolutely an anathema to people, and we're going to be
talking about it. That's the problem. And how do they
get rid of this? They have an eleven billion dollars
a year Federal Bureau of Investigation. Where are the investigations?
Just because we have new people at the head of
these administrations is not enough to restore public trusts. The
(20:52):
trust in these institutions was destroyed under Biden. It takes
extraordinary transparency, in my opinion, to give that back that
trust back to voters. You can't just say nothing to
see here is trust me. BRO is not going to
work to restore trust. It should be Hey, this week
we're launching this investigation. Here's how many agents are on.
(21:12):
Here's the general plan of attack. Here's where you're going
to hear something about it. Like, it's not about going
on Fox News, It's about having this substance.
Speaker 4 (21:21):
Here's the thing. I mean, if people.
Speaker 2 (21:24):
Hang on account, hang.
Speaker 11 (21:28):
Yeah, hang on one second. Hang John Salem was on
here on Friday and he taught me this institutional trust
and President Trump and he kind of announced a leak
that was coming out of the FBI and the Justice
Department that there is now and you saw a little
bit of it in the New York Post that you
know Brennan and Quome, there's a criminal investigation. Now, it
(21:49):
turns out it's much broader. They're very close. And what
I understand is within a couple of days or potentially
early next week of announcing a special counsel or a
special prosecutor that's going to take in your issue of
institutional trust, it's going to go back and look at
Crossfire Hurricane, is going to look at the FBI and
the CIA in the nullification project, in the Russia hoax,
(22:11):
and may look, it's going to supposedly look at the
twenty twenty election. It's going to look at January sixth
other things of going after President Trump and weaponizing. Is
that if that was announced and that a systematic program
of that, is that something you think would start to
change people's opinions that people are serious and going to
(22:32):
get on top of this, Sir.
Speaker 4 (22:34):
I hope.
Speaker 12 (22:35):
I think it would be a good first start. Although
people have seen these kind of investigations before. Let's not
talk about Bill Barr and Durham and all this other stuff.
I would love to see one about election integrity. I
would love to see more information about Butler. These are
things listen forget about the JFK files, Like we had, okay,
a federal agency ostensibly involved in killing a sitting president.
(22:59):
Where was the root cause and corrective action? Just the
fact that they're all dead isn't good enough, Like how
did that happen in an agency? And then not only that,
in the last twelve months, you have the leading candidate
of a presidential election was literally shot and we've heard
basically nothing. Who's leading that investigation of what have they found?
How much money are they spending? The public have an
(23:20):
interest in knowing this kind of information, and the existence
of the investigation, in my opinion, is probably not enough
given the last ten years of experience about how these
things go.
Speaker 4 (23:31):
So I'd love to see more of this roll out.
Speaker 12 (23:33):
And maybe this is stuff that's not possible, But I'm sorry,
this is the situation.
Speaker 4 (23:37):
People do not trust.
Speaker 12 (23:38):
The government absolutely at all, And again there needs to
be people keep saying, here's the political reality. I'm Mike Johnson.
I'm sorry, but these are the rules. Well, everybody knows
that Democrats are going to break the rules. And I'm
not saying necessarily break the rules, but break a sweat,
because the optics of the one big, beautiful bill, in
my opinion, just look like business is usual in Washington,
(24:01):
d C. How are you going to win in twenty
twenty six? You know, let's spitball. If the Democrats take
control of the Senate, are we still going to have
the filibuster rules, sixty vote rule. I don't know a
lot of important people I talk to say no. So
if that's the case, let's just get rid of it.
And here's an idea. Instead of business as usual four
(24:22):
thousand page bills, how about you put out a super
popular bill every week all the way up to the
twenty twenty sixth election. I could list a lot off
the top of my head, including things like auditing elections,
paper ballots, voter id everify all of these things. We
just got twenty eight Trump executive orders qutified into the law. Okay,
we got another one hundred that'll get us all the
(24:43):
way to like December. Let's do it. And so I
don't unless you see rapid things like this, how is
Trump going to unravel this labyrinthian beast with within whom
very little, in my opinion, has been done from a
root cause and corrective action perspective to restore trust in people.
Now they came in again. Here's the paradox right direction.
(25:04):
Polling is at forty four percent right now. It's still
super high. I don't think this is lost for Trump,
but this one, you can't just pretend that it's not
going to be a problem hanging over this administration. The
Democrats have nothing to run on, So what do you
think they're.
Speaker 4 (25:18):
Going to run on.
Speaker 12 (25:18):
They're going to run on releasing the Epstein List. They're
going to blame Trump for it, and it's going to
be ugly if they get in control of the House.
Guess what their first commission is going to be. They're
going to have a commission to look into the Epstein
list and do what Republicans said they would and didn't.
Speaker 4 (25:34):
Will that affect Trump's numbers? Probably not.
Speaker 12 (25:36):
But the Republicans need every little bit of help they
can get. Right now, it's Democrat plus three or four
on the real pay politics aggregate.
Speaker 4 (25:43):
What do Republicans need going into.
Speaker 12 (25:46):
The fall of twenty six in order to maintain control
of the government. It's probably something six seven or eight
points to the right of that, plus ACTLU getting dissolved,
plus like whatever else. I don't know, but again hard
to predict. And I'm pounding on the table. This is
not just me, like, I'm talking to other people who
are having the same concerns. I don't know if you
(26:07):
saw it, but four of us, honest polsters that do
a good job got together. We found in the National
Association of Independent Polling. I think people will be happy
an organization like that exists that can counteract to mainstream
media continued gas lighting.
Speaker 4 (26:24):
That's only getting worse. It's only going to get worse.
Speaker 12 (26:26):
And the people I'm talking to there you know them,
like you've had rich Barrison and we've talked to Matt Towry.
Speaker 4 (26:31):
This is bad.
Speaker 11 (26:32):
Yep.
Speaker 4 (26:33):
This is affecting everybody's numbers.
Speaker 11 (26:35):
Yeah, can you what's your social media in YouTube? We
got about twenty seconds. We'll have you back on tomorrow.
The next thing very important.
Speaker 12 (26:42):
He wants an underscore pole honest polster on Twitter. Rasp
wus an underscore pole on YouTube.
Speaker 11 (26:50):
Mark Mitchell, you're the best, incredible, Richard Barris, they're worried.
The best guys we got to worried. Short break.
Speaker 1 (27:00):
Fifty days. What happens now?
Speaker 2 (27:02):
You talked to Laim.
Speaker 3 (27:03):
Well, at the end of fifty days, if we don't
have a deal, it's gonna be uh too bad.
Speaker 4 (27:08):
Should get more aggressive?
Speaker 2 (27:10):
Yeah, the tires are going to go on and other
sanctions go on.
Speaker 1 (27:15):
Lensky target Moscow? Should the Lensky target Moscow?
Speaker 2 (27:18):
Sir?
Speaker 1 (27:20):
Should the Lensky target Moscow?
Speaker 2 (27:22):
Or deeper in for RuSHA, he shouldn't target Moscow?
Speaker 6 (27:24):
Is that why you gave him more weapons?
Speaker 3 (27:26):
Though?
Speaker 2 (27:27):
Wait, lay, no, we're not lucky to do that. President.
Speaker 7 (27:35):
Financial Times excuse me is reporting, according to two people familiar,
that there was a call between Vladimir Zelenski and Donald
Trump where Trump asked Vladimir Zelenski if he could hit
Moscow from Ukraine? Can he attack Moscow from Ukraine?
Speaker 4 (27:52):
Can you hit Saint Petersburg to.
Speaker 7 (27:54):
Trump asked on the call, According to these sources, speaking
to FT, they said, Lensky replied, absolutely, we can if
you give us the weapons, and that Trumps signaled is
backing for the idea, describing the strategy as intended to
make them the Russians feel the pain and force the
Kremlin to the negotiating table. According to two people who
(28:17):
were briefed on that call. Donald Trump was asked a
version of this on the White House lawn.
Speaker 4 (28:21):
He denied it.
Speaker 7 (28:22):
But this reporting does that change anything with Vladimir Putin?
Speaker 4 (28:28):
I mean, you know how, no fury like a Trump scorned.
Speaker 8 (28:31):
I think again, the journey Trump has made here is significant.
I don't think it changes too much for Putin because
these discussions about attacking deep into Russian territory are not new.
Speaker 4 (28:43):
There was similar.
Speaker 8 (28:44):
Discussions that were had during the Biden administration, and ultimately
where things ended up was that you don't want to
go too far there. You don't want to acknowledge American
involvement in that because that's where the nuclear deterrent comes
into play. And so my sense is that much as
though Trump's pivot here is absolutely worth noting as we
are all doing, it kind of takes you back to
(29:07):
where we were a year ago with the Biden administration.
Which is also to say, Katie, it's still a bit
of a stalemate. It still doesn't mean we're any closer
to an end to the war. It doesn't mean that
we're any closer to resolving the problem we have with Putin,
and Putin knows all of this. In a sense, he's
always had time on his side, so he's going to
(29:27):
keep playing the team.
Speaker 7 (29:29):
By the way, the White House in this reporting has
said that it was taken out of contact that Donald
Trump just asking the questions.
Speaker 11 (29:38):
Okay, welcome back, Mark Mitchell. There. The key is about
the institutional trust, and you know people have lost trust
in the FBI, of ass trust in the CIA. We're
going to have Jefferson Mortley on tomorrow. Jefferson is the
amazing writer and wrote the book A Ghost about Angleton,
one of the most fascinating characters American history. It's about
(30:01):
the front page story this morning. What mar Mitchell just
alluded to the CIA with direct knowledge of Oswald, and
I mean very direct knowledge of Oswald, what he was
doing in New Orleans and other places. Turns out he
was been tracked by the CIA. A formal file was
opened on him in nineteen fifty nine. They knew every
(30:24):
movement that Oswald made, and the head of Psychological Warfare
of the Miami office of the CIA, and really the
guy heading up all the anti Castro activities knew about
him very closely, actually was monitoring him. Might have been
even more involvement than that and then lie to everybody,
(30:44):
So the institutional trust because it looks like there's some
sort of involvement that now can be shown of the
CIA in the assassination of President Kennedy. Also you have
the judiciary and the CIA and the FBI and the
against Richard Nixon and obviously all of this against President Trump.
(31:04):
And I've had a ringsight seated this. You know, the
Deep States come after President Trump. And I think Mark
Mitchell is one hundred percent correct. Where have Richard Barriss
on the marrow? I will give you a heads up.
Richard Barris once again a guy that understands the Trump
movement MAGA. His numbers are not that far off. I
mean there's numbers layer on top of each other. And
the economist you gov who are not friends of the movement,
(31:26):
have a poll out that's almost as bad. So somehow
this has to be addressed. I just don't think it's
going to It's only going to go away with people
becoming complacent and apathetic. And that's the last thing you
need in these midterm elections. You need everybody up on
the you know, at the on watch and right now
(31:48):
you can already tell people are so frustrated with this
in particularly way it's being handled that if they they
you know, they just want to go away with it.
When they go away, you're going to lose some of
your best people. These are your best people. These are
not sunshine soldiers and summer patriots. These are the hardest
core of the hardcore. The people have been with President
Trump forever, the people that had his back in those
(32:08):
dark days of twenty one. I want to play those, Philip.
I want you on here for the bricks, right and
the post of bricks. But there's something deeper that's already developing,
and that is President Trump has given this fifty day
because you can tell he's very frustrated. He's tried to
deal with Putin. It's not working. There's like there's many
geo political and geostrategic elements to this that he may
(32:32):
have not calculated what Putin and these guys intend to
do the KGB. But when he talks about the giving
weapons and shipping weapons, his role, thing he keeps coming
back to is sanctions, even deeper sanctions, and no one's
really focused on this yet. Secondary sanctions would mean sanctions
on India, but particularly sanctions on China. Given everything you
(32:56):
saw in the down in Rio and couple with we
had some I think had good news today on inflation,
President Trump, it looks like the tariffs are kicking in
like you felt without inflation price increases. It looks like
inflation's in a good spot, not a great spot, but
in a good spot. Obviously, capital markets are responding favorably.
(33:19):
You got guys like Ken langone who's a Trump hater
saying how great he is probably the greatest president of
United States. And that's a Wall Street guy saying that,
you know, how concerned are you for what's happened in
the last twenty four forty eight hours about the potential
additional economic warfare around Ukraine? And how do you think
(33:40):
that that will that will impact gold?
Speaker 13 (33:45):
Look, I think it's it's tough in terms of its
impact on gold. I think the more global instability we see,
the more trade wars ignite, the more the sort of
wars we see around the world. How ultimately this instant
that he creates a good climate for gold, and gold
is moving gangbusters in this climate, so short term I think.
Speaker 10 (34:06):
Is good for gold. Longer term, what we'll have to.
Speaker 13 (34:10):
See how it plays out the one thing you talked
about earlier, trust in our institutions being broken. And I
think a big part of the de dollarization movement is
we broke the trust. Whether it was Biden back in
twenty twenty two, back in twenty fourteen, or the eighties,
but trust in the United States has been broken. And
I think sanctions is a policy now, punitive sanctions They
(34:34):
can work shorter term to dissuade, right, maybe it'll be
effective in sort of dissuading Putin. I'm not sure if
they will in moving forward in Ukraine. But I think
longer term we need carrots. And I've said this many times,
we need carrots more than stacks. I think sanctions dissuade
people shorter term, but not longer term. And I think
this bricks d dollarization movement is all about slow and
(34:58):
steady steps. What I've said for a long time is
we need to start using carrots now, not sticks. And
I guess this is the one concern when it comes
to de dollarization that I do have with President Trump
is when you've got a hammer and he's got the
biggest hammer around, every problem starts to look like a
(35:18):
nail where I think we need to start getting a
little bit smarter is when it comes to structuring trade deals.
I think what we need to do is move away
from sort of punitive sanctions and move more towards incentives. Right,
we can tie you know, we have the largest consumer
market in the world. Let's use it to entice people. Right,
(35:38):
We could time market access to US dollar trade settlements
and financial alignment. We could offer industrial infrastructure and near
suring deals to those that align with US. I think
we have an opportunity now to make the world choose
between our way and the other way. And I think
if we sort of layer carrots and not sticks, eighty
(36:00):
more effective.
Speaker 10 (36:01):
Longer time.
Speaker 11 (36:04):
He's got. You know, we have over one hundred and
ten billion dollars coming in now in tariffs. No price
increases at least today, or dramatic price increases. You saw,
and I think this is your reporting. Folks at treasure
in the White House saw that the sophisticated move. Because
a lot of people said, oh the bricks thing laid
an egg, they actually did a very sophisticated move in
these bilateral deals and to have their central banks buy
(36:27):
more gold and eventually settle up that way to dedollarization move.
It was part of and I think the White House
confirmed this when he dropped the fifty percent tariffs on
Lula in Brazil. You know, thirty percent of that thirty
percent was tied to Bolsonar in the trial, and it'll
go away if Bolsonar or the trial, but twenty percent
(36:48):
because he had threatened ten. I think he gave Lula
another love tap of another ten to get his attention
that you know he's he's focused on this de dollarization.
He says it's not going to happen on his watch.
I want to go back if you had to have
a forcing function to force the world to choose between
the two systems, because folks, you understand, this brick system
(37:10):
is starting to become a reality, right, it's starting. It's
a very rudimentary stage, very nascent, but it's starting. If
you had to now force the world to choose, give
that to me again, how would you do that.
Speaker 13 (37:26):
I think it's a case of not forcing the world
to choose, but incentivizing them to move towards us again.
And I think there's a number of ways to do
it right. Number one is through trade policy. Like I said,
we can force nations to make a choice and incentivize
them with our market to do what we want them
to do.
Speaker 10 (37:46):
Right.
Speaker 13 (37:46):
Secondly, I think ultimately trust has been broken. Right, we
talk about trust in our institutions being eroded.
Speaker 4 (37:52):
We need to increase that trust.
Speaker 2 (37:54):
Right.
Speaker 13 (37:54):
We need to start with a clean slate, whether that's
auditing the FED, trade to rebalance sheets, auditing for Knox potentially,
although I don't want to let that sort of rap
it out the hat again, but I think overall increasing
transparency of our financial governance that's a straight up win.
Speaker 10 (38:11):
Right.
Speaker 13 (38:12):
Secondly, like I said before, I think Secretary Besson has
an opportunity in trade deals to set them up in
a way that incentivizes people to work with us right,
offer infrastructure near assuring deals that other countries cannot match,
like I said, and essentially build regional friend sharing blocks. Right,
(38:32):
We've got an opportunity to push forward with soft power.
Speaker 11 (38:36):
Right.
Speaker 13 (38:36):
We killed USA, and rightly so by the way, it
was full of waste, fraud and abuse. But China are
filling that gap with their Belt and Road initiative. There's
some smart things that we can do there. And I
think thirdly, what's the bricks's competitive advantage. They've essentially modernized
the financial system. Right, they built what could be a
(38:56):
better system. They're offering rival financial ssas bilateral cbdc's.
Speaker 10 (39:02):
The new development back. We need to not complain.
Speaker 4 (39:06):
We need to start compete it.
Speaker 13 (39:07):
Right, we already have and own the global financial network.
Let's modernize it. Let's internationalize FED now create real time
US dollar settlement for trusted partners. Look, ultimately, what this
is going to boil down to, I think.
Speaker 10 (39:23):
Is a rebrand.
Speaker 13 (39:24):
The dollar doesn't need to be the only option, but
it does need to be the best option. So I
think we need to rebrand dollar leadership as transparent, growth orientated,
and built on mutual trust. Look at the bricks in comparison, right,
they push compliance through political alignment and a common adversary.
How sustainable that is long term, that's up to us.
(39:47):
But I think the US now needs to compete through trust,
performance and stability. The elephant in the room, though, right,
what all of this is dependent on is getting our
fiscal house in order. Because if we cannot do that,
all of this isn't it fantastic?
Speaker 11 (40:07):
Do you want to is? Are you upset right now
that we can't get past the Recision Bill. It's nine
point four billion dollars. By the way, you should know
to get to vote. I think to bring it to
the floor, they had to cut four hundred million dollars
off it on some program I think for Collins of Maine.
Are you concerned? I tell you what. Let's answer when
you get back, because we're talking about cutting spending, and
(40:28):
right now the Recisions Package, which is supposed to be
symbolic that moving forward, is now going from nine point
four billion to nine billion because the Senate just doesn't
have the stomach to cut spending. Philip Patrick Birch Gold
is with us short break. He'll be on the other
side for the world on the walk. We will buy
(40:52):
the lot God we retic dollars.
Speaker 6 (41:01):
Use your host, Stephen k Ban.
Speaker 11 (41:06):
You've seen what happened in the whole country of Texas.
You've seen what's happening in western North Carolina and eastern Tennessee.
You never know when these emergencies are going to strike.
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it out today. Philip Patrick, we can't you know, and
I keep you know, arguing to the administration. Just come
with the impowments, to come with the pocket decisions. This
taking so long on a decision that's nine point four
billion dollars and he got a car four hundred million
dollars just to get the rule pass and get it
(42:12):
to the Florida debate. It's just going to take too long.
With the spending cuts President Trump wants to do and
he has the ability to do it, just do the impowments. Also,
all this argument now they've started a formal process. Scott
Beston said it I think today for looking for a
new FED share, President Trump's talking about a three hundred
basis point cut. Right now, we know the thinking of
(42:33):
a twenty five basis point cut. I guess in September
based upon these numbers today. Put this in perspectives for us,
both the spending cuts that we still need to have
and President Trump still has the ability to do coupled
with the search for a new FED share, and President
Trump wants a three hundred basis point cut sometime, you know,
(42:54):
soon surre your thoughts.
Speaker 13 (42:58):
Look, I understand exactly why why President Trump wants the cut.
Right He's looking at thirty six and a half trillion
dollars of debt that already costs over a trillion dollars
a year to refinance. So we need the cuts. If
we want to grow the economy and get a handle
on debt service, we need the interest rate cuts. The
feeder in a tough position. Pal says he's not political,
(43:19):
but he's resisting lowering rates.
Speaker 10 (43:21):
It's as if he really doesn't want to do so.
Speaker 13 (43:24):
And this sort of spike in inflation, small spike, but
spike maybe the catalyst for him to hold firm.
Speaker 10 (43:31):
It's interesting because.
Speaker 13 (43:33):
You know, he should have done that back at the
end of twenty twenty four when Biden was in power,
but he made the.
Speaker 10 (43:38):
Decision essentially not to do that.
Speaker 13 (43:40):
So the feeder looking more political now than they have
done in a while. Look, in terms of curbing spending,
that has to be ultimately the priority, right, and this
they're preparing now in the Senate for procedural vote on
the nine point four billion recission package. It targets eight
point three billion I think in foreign aid and one
(44:03):
point one billion for public broadcasting. Look, these cuts are important, right,
It would be the first real rollback since Clinton. So
it's a shift towards fiscal conservatism, but ultimately it's a
drop in the back here. We have a lot more
to find in terms of cuts if we want to
balance the budget and give these guys a chance to
grow the economy. So there's a ton going on. I
(44:25):
don't see a three hundred basis point cut coming from
the Fed. I think right now they're probably going to
hold firm, wait and see what happens with inflation until
the end of the year. So I'm not sure President
Trump's going to get his way, But it's interesting and
we'll have to see how it plays out.
Speaker 11 (44:43):
Now we're going to go to work on the eighth installment.
Can you give a just a couple of highlights of
what you found in? Now's your back your REO trip, sir.
Speaker 10 (44:57):
Look what was so interesting? I mean, did we did
we learn anything we didn't know?
Speaker 13 (45:03):
No, the bricks are certainly committed to dedollarization.
Speaker 10 (45:07):
We knew that when we came.
Speaker 13 (45:08):
Out, and I think it was confirmed when we got there.
What was interesting, though, was really understanding the motivations.
Speaker 5 (45:16):
Right.
Speaker 13 (45:16):
I always assumed that a lot of the motivation would
be financial, Right, watching dead exploding, watching deficit spending in
the United States, that was largely the catalyst. But it
turns out it wasn't the case. This is a trust issue.
This goes back to the nineteen eighties. It goes back
to twenty twenty two. That the trust has been broken,
(45:38):
which ultimately has encouraged me when it comes to solutions. Right,
I've been not so encouraged when it comes to how
we're going to curb spending and get our fiscal house
in order, but I am encouraged when it comes to
building trust globally. So for me, I've come back motivated
to try and find some solutions. But ultimately I understand
(46:01):
now how committed these guys are, at least at this
point to deed allarizing, and how important it is that
we stop it as soon.
Speaker 6 (46:09):
As we can.
Speaker 11 (46:12):
How do people what I tell folks is I want
to build a relationship with you and your team. How
can they get there? Because with this Ukraine situation heating
up in folks, you might want to wish it away.
It's not going to go away, right, It's not going
to go away. And I think President Trump in this
article on the ft and then what he said on
the lawn heading to Pittsburgh today, you realize the seriousness
(46:33):
of this is kind of combination of economic warfare and
kinetic war. You add on top of that what's happening
in Persia the South China Sea, and you double that
down with the bricks nations. These central banks continue to
buy gold because they want to hedge. Where do people
go to get a relationship with you? Because most important
now they build a relationship with Philip Patrick and his
(46:54):
team at Birch Gold.
Speaker 13 (46:55):
Sir, It's burst gold dot Com forward slash ban Burt's
Gold dot Com forward slash Fannon but I want to
say one thing quickly. Listen, these problems have been here
for the last three years, right, but we didn't talk
about them. Now we're talking about them. They didn't start today,
but at least the administration is addressing them. And this
is why I voted for President Trump. This is why
(47:18):
we need President Trump because ultimately they understand the issues
and they're working towards solutions. It's going to be a
bumpy road, but people have to understand the fact that
it's out there in the mainstream.
Speaker 10 (47:29):
This is encouraging.
Speaker 13 (47:30):
The problems were there before, they just weren't getting dealt with.
Speaker 10 (47:34):
Sorry for that rant.
Speaker 13 (47:35):
It's birch gold dot com, forward slash Bannery or techspann
in to nine eight nine eight nine eight.
Speaker 11 (47:43):
Philip Patrick, that's not a rant. That's great. Love having
you on here, brother, welcome back from Rio.
Speaker 10 (47:51):
Thank you, Steve.
Speaker 11 (47:52):
We're going to take a short break. Let's get let's
say Michael and Dale's going to stick with us a
top second hour of Mike. Let everybody know where do
they go right now to make a call for the
for a pillow. We're gonna tell your story on the
other side, where do people go right now on my pillow.
What's the most powerful promo code in the world.
Speaker 5 (48:07):
Now, promost power and overstock sale all the my slippers.
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your see Steve click on him. You guys, this is
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Speaker 2 (48:36):
Eaty co them.
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You guys, this is a sale light, no other. Some
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I'm I'm back in Minnesota. We're cleaning out the warehouse, consolidating,
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Speaker 11 (48:52):
Okay, stick stick around. We're gonna have you tell your
story next and word
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