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Speaker 1: This is the primal scream of a dying regime. Pray

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Speaker 1: for our enemies because we're going to medieval on these people.

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Speaker 1: He's not got a free shot. All these networks lying

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Speaker 1: about the people, the people have had a belly full

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Speaker 1: of it. I know you don't like hearing that. I

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Speaker 1: know you tried to do everything in the world to

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Speaker 1: stop that, but you're not going to stop it. It's

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Speaker 1: going to happen. And where do people like that go

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Speaker 1: to share the big line?

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Speaker 2: Mega media?

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Speaker 1: I wish in my soul, I wish that any of

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Speaker 1: these people had a conscience. Ask yourself, what is my

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Speaker 1: task and what is my purpose? If that answer is

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Speaker 1: to save my country, this country will be saved.

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Speaker 2: Or here's your host, Stephen K.

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Speaker 3: Bans.

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Speaker 1: I want to make sure welcome. It is Saturday, seventh

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Speaker 1: March in the year of Our Lord. Twenty twenty six

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Speaker 1: hours two. I got doctor theop. I want to make

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Speaker 1: sure everybody takes advantage over this weekend on this special

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Speaker 1: that we have from Tax Network USA. Call eight sixty

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Speaker 1: six five one three five five one six. That's eight

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Speaker 1: sixty six five one three five five one six. Make

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Speaker 1: sure you check it out today. You get a free

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Speaker 1: discovery call. You call that number, that number step just

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Speaker 1: for the war and posse. There's any confusion about what

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Speaker 1: do you think you owe? Uh, maybe you got a

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Speaker 1: letter from the IRS. Anything. This is the tax service

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Speaker 1: that will give you a free discovery call. No, I'm

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Speaker 1: going to cost hundreds of not thousands of dollars to

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Speaker 1: find out kind of what's the bid in the ask

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Speaker 1: what is the IRS say you owe? What do you

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Speaker 1: think you owe? And they'll walk you through it. And

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Speaker 1: after you hear the discovery call, they walk you through it.

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Speaker 1: If you're so inclined, you sign them up and they

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Speaker 1: can get right into it. With the IRS, They've saved

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Speaker 1: or solved billions of dollars of tax issues for people,

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Speaker 1: and they can solve yours. There's nothing in your tail

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Speaker 1: of woe that they have not heard before many times

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Speaker 1: and negotiate it many times. So go check it out today.

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Speaker 1: Text Network USA. Cameron Kinsey over there, formerly in the

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Speaker 1: White House. She's a terrific staffer with Johnny mcintee and

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Speaker 1: the team over there in the first Trump administration and

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Speaker 1: she's did a terrific job and now she's over Text Network.

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Speaker 1: Got this for the worm Posse doctor Thayer, I want

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Speaker 1: to pull the camera back for a second of to

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Speaker 1: ask you on this Saturday morning, given everything we got

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Speaker 1: going on militarily, you've seen the methodical way that the

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Speaker 1: sendcom is going down this target set to make sure

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Speaker 1: what President Trump calls unconditional surrender. He has now been

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Speaker 1: a little more precise and says when they don't have

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Speaker 1: the ability militarily to either project power on their own

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Speaker 1: people or project power against their neighbors, that's what he

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Speaker 1: thinks is unconditional strended when they don't have the ability

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Speaker 1: to do it anymore. But the concern a lot of

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Speaker 1: people have is with the Russian supposed to given targeted information.

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Speaker 1: You got the CCP out there. This is now going

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Speaker 1: You know there have been certain missiles launched towards Turkey

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Speaker 1: and Cyprus aser Beijon I think up near the Caspian Sea.

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Speaker 1: Also the golf is being hit. You have people concerned

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Speaker 1: is this metastasizing into even forming up with Gaza in

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Speaker 1: the Ukraine as a broader part of the kinetic part

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Speaker 1: of the Third World warsaw.

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Speaker 4: Great to join you, it might be My concern would

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Speaker 4: be this that when he talks about unconditional surrender. And

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Speaker 4: Caroline Levitt yesterday on Friday said that when the President

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Speaker 4: determines that Ron no longer poses that threat, that's when

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Speaker 4: under unconditional surrender will take place.

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Speaker 1: But hang on, hang on, hang on, hang on right there,

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Speaker 1: hang on right there, hang on right there. I want

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Speaker 1: to be very precise when Caroline came out and said

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Speaker 1: that poses that threat, to find that threat because the

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Speaker 1: president said it, and then Caroline said, I think we

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Speaker 1: use that as a benchmark when he said no longer,

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Speaker 1: they no longer can have that threat. What does she

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Speaker 1: mean by that?

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Speaker 4: Well, there's there's an element of ambiguity there. I think

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Speaker 4: what is what she's saying is this. My interpretation is this,

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Speaker 4: when they no longer have the military capabilities to harm

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Speaker 4: their neighbors or to harm their people, that's when unconditional

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Speaker 4: surrender will take place. And she envisioned the campaign lasting

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Speaker 4: four to six weeks in her statements on Friday. So

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Speaker 4: my concern is this that you take a war against

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Speaker 4: the theocracy, which is a limited war now, and we're

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Speaker 4: turning it into a potentially into a total war against

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Speaker 4: the Persian people, which a different type of war. So

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Speaker 4: the war against the theocracy has great support in Iran,

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Speaker 4: among the Persian people and among the ethnic minorities that

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Speaker 4: live in Iran, principally the Azaris, who are about sixteen

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Speaker 4: percent of the population, and the Kurds, which are about

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Speaker 4: ten percent of the population. So you can see there

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Speaker 4: that about one out of every four people living in

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Speaker 4: Iran is either a Zari or Curd. If we say

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Speaker 4: unconditional warfare against Iran, so that they no longer have

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Speaker 4: the ability to harm their neighbors or to harm the population.

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Speaker 4: My fear is that this turns this into a national

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Speaker 4: element begins the surface, and the Persian people will begin

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Speaker 4: to unite around the theocracy, which is what we don't want.

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Speaker 4: About six out of every ten people living in Iran

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Speaker 4: is Persian uh, and so that's a concern. The air campaign,

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Speaker 4: the military campaign more broadly, does seem to be on

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Speaker 4: track to a treating Obviously.

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Speaker 1: Has Hang I want to go through. You laid out

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Speaker 1: five elements the other they five elements of this campaign.

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Speaker 1: I want to do an update, and I agree with

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Speaker 1: you one hundred percent. If the Persian people this turns

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Speaker 1: into a nationalistic that it's about the nation of Persia,

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Speaker 1: these people will dig in. Even some people are potentially

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Speaker 1: allies of ours, and that's why we're it's a very

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Speaker 1: thin line, and especially on some of these bombing campaigns

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Speaker 1: that Sencom as the execution Department of Policy is really

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Speaker 1: under pressure here and that's why maybe not having all

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Speaker 1: diminitions that we originally thought we're going to have, because

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Speaker 1: we're getting into Ukraine, they've been in Gaza, you know,

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Speaker 1: some of the some of these precision instruments, when you're

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Speaker 1: talking about it, I'm I have to use gravity bombs. Well,

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Speaker 1: even with some precision guidance on gravity bombs, they're still

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Speaker 1: generally it's generally gravity and that puts only more pressure

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Speaker 1: on Sencom. And you're right, you don't want to segue

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Speaker 1: in to have a fight with the Persian people as

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Speaker 1: a nationalist entity. Then these folks could dig in. I mean,

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Speaker 1: it's ninety million people six and so what fifty five

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Speaker 1: million Persians, some of whom hate the regime, A lot

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Speaker 1: of them that are underneath a zorastaurants, right, they hate it.

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Speaker 1: But if it has to be, you know, it's an

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Speaker 1: ancient and proud people. So if it doesn't, you know,

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Speaker 1: if you turn it to that, you can have a

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Speaker 1: long tough fight in hand. Now you laid out five

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Speaker 1: elements the other day of how you grade the military

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Speaker 1: campaign from sencom Let's go through that and see what

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Speaker 1: you're great is today.

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Speaker 4: Certainly well, the underlying point is that this is a

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Speaker 4: traditional warfare, right, this is like Muhammad Ali fighting Joe Fraser.

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Speaker 5: We're pounding on the Iranian.

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Speaker 4: And so what we need to recognize Iran really in

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Speaker 4: this campaign there's five it's a five front war. The

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Speaker 4: first front really is the missile front, ballistic missiles, cruise missiles.

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Speaker 5: The UAV drone campaign.

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Speaker 4: And here there does seem to be progress in a

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Speaker 4: tridding that is grinding down due to their own launches

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Speaker 4: as well as what Israel and the United States have been.

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Speaker 5: Able to destroy.

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Speaker 4: Second is the air war, and the air war seems

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Speaker 4: to be very successful from our perspective. The corridors have

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Speaker 4: been cut into Iran, the shoulders have been widened, and

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Speaker 4: there's been successful destruction of enemy air defenses. So they

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Speaker 4: do seem to be suppressed, although there's always the possibility,

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Speaker 4: of course, that they're lying in wait and they ambush

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Speaker 4: American bombers or American aircraft or Allied aircraft the third

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Speaker 4: front really is the naval war straight up hor moves

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Speaker 4: as well as more broadly, and here we have some

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Speaker 4: concern of course, Steve, as you stressed in the last

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Speaker 4: few days on War Room, that Iran is using a

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Speaker 4: variety of measures to intimidate, which is to coerce through

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Speaker 4: the threat of attacks, actual attacks and the threat of

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Speaker 4: more attacks to come, naval traffic, civilian traffic in the

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Speaker 4: Gulf and in the Strait.

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Speaker 5: And then we have the ground front.

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Speaker 4: Fourthly, the ground front would be purportedly led by the Kurds,

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Speaker 4: potentially with backing from the US intelligence community, from Israel's

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Speaker 4: intelligence community, and potentially other actors as well, to serve

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Speaker 4: as the boots on the ground as a ground force

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Speaker 4: that would be able to seize and hold territory within

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Speaker 4: Iran that might be used as bastions, or that might

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Speaker 4: be used to project additional attacks ground attacks against Iran.

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Speaker 4: And then for the fifth and final would be this

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Speaker 4: the front is also the fifth front is proxies the

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Speaker 4: fact that the war is expanding, and this is shown

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Speaker 4: most clearly in Lebanon, where you have a proxy war

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Speaker 4: between Hesba Law and Israel.

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Speaker 5: Although with Iran strong support for terrorism.

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Speaker 4: We can see that proxy attacks occur, for example, the loan,

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Speaker 4: the attack in Austin, Texas that we've had that we

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Speaker 4: might see other attacks and sustained attacks due to the

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Speaker 4: fact that there are Iranian sleepercells operating in the United States.

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Speaker 4: So when we think about the war, the kinetic aspect

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Speaker 4: of the war right leaving inside the economic aspect of it,

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Speaker 4: leaving aside the political aspect of it, we see those

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Speaker 4: five fronts going on simultaneously today, and there's variation in success.

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Speaker 4: The US has been very successful in sinking Iran's navy

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Speaker 4: and keeping ARMUS open. We can see that the fifth Fleet, though,

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Speaker 4: is going to be tasked with a very great responsibility

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Speaker 4: to ensure that civilian traffic is able to transit the

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Speaker 4: straight The missile campaign, again as a result of Iranian

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Speaker 4: launches and Israeli US strikes, has been successful at destroying

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Speaker 4: any fixed launcher, but also finding what they call the taels,

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Speaker 4: the transporter or rector launcher vehicles that would actually carry

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Speaker 4: ballistic missiles. But that's an ongoing campaign and it's quite

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Speaker 4: reasonable to suspect that Iran is husbanding some missiles. They

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Speaker 4: launched a lot at the outset of the war, and

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Speaker 4: then you see a fall off because of the success

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Speaker 4: of the air campaign, but also because of Iran's desire

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Speaker 4: strategically to keep some of those ballistic missiles and their

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Speaker 4: tails in reserve so that they can be launched to

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Speaker 4: lengthen the war, to draw out the war, and for

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Speaker 4: Israel and the United States never to be sure that

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Speaker 4: we've had we've been able to.

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Speaker 5: Destroy all of their ballistic missiles.

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Speaker 4: Likewise, the air war, their air defenses seem to be

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Speaker 4: greatly weakened as a result of the cyber actions that

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Speaker 4: we've likely taken in conjunction with Israel and the kinetic

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Speaker 4: actions that we've taken with Israel and the US. But

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Speaker 4: we always worry about essentially a surface to air missile,

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Speaker 4: an ambush of an aircraft. The ground war, Steve, we

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Speaker 4: worry about that a lot because of the possibility if

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Speaker 4: you're using Kurds, that's going to cause a Persian nationalist reaction.

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Speaker 4: If you're using Kurds to break down the door on

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Speaker 4: the ground and to seize a chunk of Iran, the

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Speaker 4: Persians are the Persian people are going to react to that,

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Speaker 4: I would suspect vociferously. And that's going to feed support

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Speaker 4: for the regime, and that's not an outcome that we want.

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Speaker 4: And then, of course the proxy front will be ongoing.

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Speaker 4: As long as this war is right, we will always

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Speaker 4: be worried about a terrorist attack in the United States

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Speaker 4: on American soil, or against the US military targets abroad,

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Speaker 4: or against allies of.

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Speaker 1: A Suncom goes down what I refer to as the

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Speaker 1: punch list or the target set, however you want to

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Speaker 1: describe it. And now you can answer this after the break.

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Speaker 1: I'm pretty sure were going to keep you for a

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Speaker 1: short period of time in the next next segment, as

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Speaker 1: Sencom goes through systematically this punch list in those five

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Speaker 1: categories or at least three of the categories of war,

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Speaker 1: to make sure that we've degraded and or destroyed because

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Speaker 1: President Trump now saying there's no need for combat troops

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Speaker 1: because we're going to so destroy what they've got as

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Speaker 1: they do. That is one of the concerns. How this

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Speaker 1: is metastasizing on Persian versus Arab, Muslim versus Muslim, as

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Speaker 1: this metastasizes into the Gulf, the Financial Times of London,

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Speaker 1: the Wall Street Journal, of course, obviously Bloomberg they're very

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Speaker 1: focused on some of they should be focused on, and

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Speaker 1: that's all assets being taken offline in the golf, whether

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Speaker 1: that is the tank or fleet, whether it is refineries,

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Speaker 1: desalination plants, all of gas fields, all of it. We're

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Speaker 1: gonna take a short commercial break. We're returned to Saturday

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Speaker 1: morning in the warm in just a moment.

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Speaker 2: War room. Here's your host, Stephen Kvas.

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Speaker 1: Doctor Bradley Thayer, thank you for giving us time on

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Speaker 1: a Saturday morning Persian versus Arab because to me, this

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Speaker 1: is the most fascinating part of this so far is

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Speaker 1: that and this is a big time military campaign. Folks

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Speaker 1: ought to understand that since, as you guys know, as

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Speaker 1: a young naval officer over there in the North arabiancy

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Speaker 1: and Persian golf, it amazes me, you know, forty seven

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Speaker 1: years later, the types of power naval power we can

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Speaker 1: project that we couldn't project back then. So as a

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Speaker 1: former naval officer, it's awe inspiring. What's happening. That being said,

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Speaker 1: what really and doctor Thayer, you were just in Australia.

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Speaker 1: If we'd ask you at the time, I think all

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Speaker 1: of us have been stunned to see Persian versus Arab,

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Speaker 1: Shia versus Sunni. This kind of outright attacks on the

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Speaker 1: the in the golf on oil Asset's desal nation plans,

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Speaker 1: and quite frankly, I think the Saudise and other people

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Speaker 1: punching back your thoughts about that, is that the new

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Speaker 1: center of gravity in this war.

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Speaker 5: I think it's a key element of the war.

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Speaker 4: I think what what the Iran has done has escalated

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Speaker 4: the war horizontally by attacking the Gulf shakedoms in Saudi

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Speaker 4: Arabia and Azerbaijan and many other states as well. Their

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Speaker 4: effort is to undermine support for the US. There's a

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Speaker 4: logic for what they're doing, a military logic, strategic logic

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Speaker 4: for what they're doing.

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Speaker 5: They want to inflict pain on the Arab states.

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Speaker 4: And then by so doing, of course, that also reveals

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Speaker 4: the cleavages the tensions that exist between Sudi and Shia,

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Speaker 4: Arabs Iranians largely.

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Speaker 5: Shia, and between Persians and Arabs.

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Speaker 4: So Iran's efforts to hurt the US, to draw out

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Speaker 4: the campaign and inflict pain on the Arabs is to

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Speaker 4: a degree self defeating because it's generating at least at

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Speaker 4: the elite level support. Another issue which needs to be

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Speaker 4: addressed is that by attacking Azerbaijean. Remember, sixteen percent of

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Speaker 4: the population of Iran is a Zari. So by attacking Azerbaijean,

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Speaker 4: you're opening up a window for Azerbaijean to reach out

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Speaker 4: to essentially their population, the diaspora population in Iran, likewise

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Speaker 4: for the Kurds. So by Iran escalating, and again there's

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Speaker 4: a logic to do that, they're also complicating their strategic situation.

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Speaker 4: They're adding to their enemies, and they're adding to the

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Speaker 4: might arranged against them. Their calculus must be at least

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Speaker 4: with the Arabs, that there'll be a revolt that at

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Speaker 4: the mass level in the Gulf Shakedoms the people don't

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Speaker 4: support the US and they don't support this war, and

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Speaker 4: they don't support essentially their governments. That's there's a logic there,

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Speaker 4: but whether that's going to obtain well.

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Speaker 1: Part of the logic, part of the logic is they

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Speaker 1: see they see this as the Israeli Anglo the Israeli

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Speaker 1: American demons, going after, going after, going after Muslims. Go ahead, right.

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Speaker 4: Saddam Musaying attacked Israel right as a way to draw

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Speaker 4: in the desert storm, desert shield in ninety one, soda'most

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Speaker 4: saying attack Israel as a way to essentially break up

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Speaker 4: the coalition as well as attacking Saudi as well as

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Speaker 4: attacking the Gulf shakedoms Rain very famously. So again there's

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Speaker 4: that military logic there, but whether that's going to be

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Speaker 4: successful or not is you know, is certainly very difficult to.

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Speaker 1: Your your f You're falling the war very closely. Where

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Speaker 1: do people go on your on your twitter feed? You've

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Speaker 1: also worked on a huge book that we'll talk about

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Speaker 1: that hopefully comes out the spring of not early summer,

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Speaker 1: that I think puts us on a perspective. But where

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Speaker 1: do people go to get your constant updates on this

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Speaker 1: war and particularly your your thoughts on are we segueing

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Speaker 1: into the kinetic part of the Third World War and

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Speaker 1: uniting all these fights in a massive kind of World

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Speaker 1: War One type fiasco?

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Speaker 3: Right?

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Speaker 5: Brad theair an axer, Bradley their getter and truth. Uh uh?

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Speaker 4: And so Steve, you know, the major caveat is let's

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Speaker 4: not turn this into a national conflict. Let's not turn

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Speaker 4: it into a war against the Persians, uh, which is

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Speaker 4: going to greatly complicate the conflict.

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Speaker 1: Amen, that's why Sentcom, the airmen, soldiers, naval officers, the

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Speaker 1: crews of those ships. I mean, they're on they're on

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Speaker 1: the razor's edge right now. Thank you, sir, appreciate you.

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Speaker 5: Thank you, Steve.

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Speaker 1: The Syncom. That's what we really try to do as

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Speaker 1: many SINCOM briefings as possible. That's cutting edge. I want

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Speaker 1: to since they had this DHS, we didn't get a

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Speaker 1: lot of time to get into it because so many

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Speaker 1: other things going on. But the Senator Mark WAYN Mullen,

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Speaker 1: I want to get Shila Matthews on here. He has

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Speaker 1: been and obviously you're very supportive of the president Shila

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Speaker 1: and able Child is I think able Child you're coming

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Speaker 1: having your twenty fifth anniversary gala this week. I want

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Speaker 1: to make sure everybody knows about that. You're very supportive

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Speaker 1: full MAGA, but there's some issues. You've been out constantly saying, hey,

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Speaker 1: we're missing the point on this mental illness thing. We're

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Speaker 1: not getting into the psychiatrist records. This is a huge

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Speaker 1: industry for big pharma. We don't have our arms round it.

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Speaker 1: Senator Mark Way Mullins does have some legislation out there

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Speaker 1: that you're saying, hey, I think this thing needs a

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Speaker 1: mid course guidance. Can you walk us through what's the

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Speaker 1: what's this legislation, what's the fundamental problems with it, and

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Speaker 1: what do you think we need to do to kind

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Speaker 1: of rectify it. Now that he's going over to DHS, well.

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Speaker 3: Able child works with everybody, and we're looking at Senator Mullens,

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Speaker 3: co sponsor of the b h I t Act, which

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Speaker 3: is the Behavioral Health Information Technology Act. What it is

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Speaker 3: is it's a big electronic network where they collect all

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Speaker 3: our consumer mental health documents and they pass them around

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Speaker 3: to behavioral health vendors and doctors. And there's a flaw

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Speaker 3: in this bill. And what the flaw is is it

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Speaker 3: does not collect the data associated with the violence that

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Speaker 3: the psychiatric drugs have.

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Speaker 1: So what we're.

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Speaker 3: Excited about is that he is the co sponsor of

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Speaker 3: this bill, So maybe he missed it. Maybe he missed

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Speaker 3: that loophole. So we need to put a patch on it.

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Speaker 3: So we need to open that system up, and he's

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Speaker 3: the guy to do it. Now that he's got this

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Speaker 3: big job and he doesn't need a bill to push through,

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Speaker 3: he can look at this flaw and say, you know what,

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Speaker 3: we need to collect the data from the psychiatrists that

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Speaker 3: are associated with these mass shoes, so it protects the consumer.

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Speaker 3: There's a consumer loophole here. This bill is that he

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Speaker 3: co sponsored, is more protective of the behavioral health and

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Speaker 3: the drug company, so able child wants.

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Speaker 1: It seems like this is the fight that you've had.

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Speaker 1: It seems like every just won't understand. It seems like

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Speaker 1: everything we have is to protect the psychiatry, the industry

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Speaker 1: of the psychiatrist, because they're kind of the physician, the

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Speaker 1: attending physician that prescribes this. And this is how big

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Speaker 1: pharma makes so much money. I mean, is everything that

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Speaker 1: we have here is it just like you said, Hey,

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Speaker 1: may overlooked it. It sounds like this is a This

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Speaker 1: is not a bug. This is actually the way the

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Speaker 1: system works.

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Speaker 5: Well.

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Speaker 3: These bills are crafted by the behavioral health industry and

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Speaker 3: they're pushed onto senators and congressmen, and the voice of

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Speaker 3: the consumer is often lost in there. They go to

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Speaker 3: the senators, we have a great idea, we're going to

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Speaker 3: do this whole new database, and it was bipartisan. So

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Speaker 3: we're all often always cautious of that because we have

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Speaker 3: to make sure that the consumer is protected. It took

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Speaker 3: us two years to get the Tennessee bill passed to

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Speaker 3: test for the therapeutic levels for psychiatric drugs in mass shooters.

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Speaker 3: This bill that he sponsored has a loophole, so able.

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Speaker 2: Child's been chasing this data.

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Speaker 3: So you're absolutely right, this is a flaw in this bill.

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Speaker 3: And he's going to be the Homeland Security head and

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Speaker 3: we have mass shootings that become unsolved, and you know,

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Speaker 3: as consumers, we need this protection. We need this data.

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Speaker 3: It's a data vacuum for the consumer. We need it

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Speaker 3: patched up. And you know, we're willing to work with him.

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Speaker 3: We're aware of this flaw and we are going to

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Speaker 3: stand on the mountain shout about this flaw because it

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Speaker 3: protects it protects the psychiatrist, it protects these records, and

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Speaker 3: we're forever fighting to get these records released to the public.

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Speaker 3: And the consumers want to go to movie theaters and malls.

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Speaker 3: They don't want to be shot up by psychiatric patients

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Speaker 3: that are on these dangerous black box suicide warning drugs.

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Speaker 1: We got to bounce, but does a drive you crazy?

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Speaker 1: Every time we have a mass shooting, they all come

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Speaker 1: on TV for a couple of days and say no

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Speaker 1: police are really looking for a motive when when the

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Speaker 1: first thing you hear is that they were under psychiatric

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Speaker 1: care and taking these drugs. But they always for three

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Speaker 1: and four days until it fades from public view, say

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Speaker 1: we're really the authorities are investigating for why they did this.

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Speaker 3: Yeah, I able Child's frustrated, but you know what, the

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Speaker 3: consumers frustrated and they know it. And you look on

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Speaker 3: the internet on X and they're all talking about it.

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Speaker 3: So it's out of the box.

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Speaker 1: We need, we need.

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Speaker 3: The consumer's voice in there, and I believe able Child

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Speaker 3: provides that. Bipartisan We work with both Democrats and republic plans,

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Speaker 3: and I do favor working with the Trump administration.

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Speaker 1: You know, he's doing a lot of good things, you know, Sheila,

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Speaker 1: we got a bounce. Where do people go to get

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Speaker 1: all the information if they want to support you at

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Speaker 1: the gala? Where do people go?

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Speaker 3: Ablechild twenty five dot com. We're going to be closing

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Speaker 3: out tickets shortly. We are overwhelmed with the response, and

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Speaker 3: please sign our petition on able child a dot org.

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Speaker 3: And so we get our voice in there with federal

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Speaker 3: hearings on this issue and this flaw.

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Speaker 1: So I'll be tracking this flow.

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Speaker 2: Steve.

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Speaker 1: Yeah, great job in Tennessee. We got to model everything

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Speaker 1: after Tennessee. Great job there, Sheila, thank you so much

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Speaker 1: for joining us. Appreciate you, Thank you. Philip Patrick's going

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Speaker 1: to join us next. Of course, this was it major

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Speaker 1: military operation and or war, whatever you want to call it.

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Speaker 1: This conflict in the Middle East is driving turbulence in

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Speaker 1: capital mark markets all over the world. So Philip Patrick's

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Speaker 1: going to be here. We're going to walk through about gold,

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Speaker 1: also commodity markets, what it means for commodities, particularly oil,

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Speaker 1: the hydrocarbon's over there, and how that impacts the gold

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Speaker 1: and bond market and equity market. If you want medical freedom,

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Speaker 1: all Family Pharmacy this is what we love the sponsor.

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Speaker 1: in ten you get teen percent off, plus they're passing

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Speaker 1: savings in overhead because they don't have the huge infrastructure

435
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Speaker 1: of the pharmacy business. You don't have medical freedom until

436
00:26:42,280 --> 00:26:45,760
Speaker 1: you're able to get the medications you want when you

437
00:26:45,800 --> 00:26:48,520
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438
00:26:48,640 --> 00:26:51,960
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439
00:26:52,359 --> 00:26:55,120
Speaker 1: right now all Familypharmacy dot com ban in ten get

440
00:26:55,119 --> 00:26:58,359
Speaker 1: teen percent off. Short commercial break. Philip Patrick joins us

441
00:26:58,359 --> 00:26:59,119
Speaker 1: in a moment.

442
00:27:01,040 --> 00:27:03,840
Speaker 2: War room. Here's your host, Stephen k.

443
00:27:04,040 --> 00:27:13,240
Speaker 1: Bas Welcome back. We've got Philip Patrick. Patrick joins us. Philip,

444
00:27:13,480 --> 00:27:16,679
Speaker 1: let's walk through why just generally because I want to

445
00:27:16,680 --> 00:27:19,840
Speaker 1: get into this specifics of this war and what it's

446
00:27:19,880 --> 00:27:25,960
Speaker 1: causing the turbulence in capital markets and commodity markets. But

447
00:27:26,080 --> 00:27:29,840
Speaker 1: first off, why has gold been a Because we're here

448
00:27:29,880 --> 00:27:32,000
Speaker 1: for the for a discussion that we've kind of come

449
00:27:32,040 --> 00:27:35,600
Speaker 1: full circle about. Remember one of the rushes to gold

450
00:27:35,680 --> 00:27:38,720
Speaker 1: over the last couple of years is that, Philip Patrickston

451
00:27:38,760 --> 00:27:42,960
Speaker 1: we partner with Birch Gold to talk about the end

452
00:27:42,960 --> 00:27:47,240
Speaker 1: of the dollar empire. Now that was not about specifically

453
00:27:47,240 --> 00:27:51,000
Speaker 1: about gold as a hedge, but gold as a financial asset,

454
00:27:51,000 --> 00:27:55,720
Speaker 1: which became as the dollar was essentially the purchase power

455
00:27:55,720 --> 00:27:59,280
Speaker 1: of the dollar was destroyed by are the elites that

456
00:27:59,359 --> 00:28:04,440
Speaker 1: run this country right, and particularly the massive overspending that

457
00:28:04,520 --> 00:28:09,440
Speaker 1: when the purchasing power dropped, that the world would go

458
00:28:09,520 --> 00:28:12,480
Speaker 1: to particularly central banks and others would go to buying gold,

459
00:28:12,520 --> 00:28:14,720
Speaker 1: and gold would have a floor, and then it would

460
00:28:14,760 --> 00:28:20,480
Speaker 1: become a financial asset, as it has right in much

461
00:28:20,560 --> 00:28:24,399
Speaker 1: like the nineteenth century. But classically gold has been a

462
00:28:24,440 --> 00:28:27,520
Speaker 1: hedge against times of financial turbulence. It's been a safe harbor,

463
00:28:28,400 --> 00:28:31,320
Speaker 1: and you definitely have financial turbulence. Now I use the

464
00:28:31,400 --> 00:28:35,040
Speaker 1: term geopolitical risk, and I tell people that's just a

465
00:28:35,080 --> 00:28:38,240
Speaker 1: fancy schmancy term for war or the rumors of war.

466
00:28:38,800 --> 00:28:40,680
Speaker 1: When it gets down to it, and now we're in it,

467
00:28:41,240 --> 00:28:44,520
Speaker 1: you know, we're in a conflict that is in the

468
00:28:44,560 --> 00:28:48,320
Speaker 1: conflict as our theory, the case is the center gravity

469
00:28:48,360 --> 00:28:52,600
Speaker 1: of the conflict is not the military conflict. Part of

470
00:28:52,640 --> 00:28:56,200
Speaker 1: it is Tehran in Persia itself, which is being pounded

471
00:28:56,280 --> 00:29:01,200
Speaker 1: to degradate their ability to have weapons system that actually

472
00:29:01,240 --> 00:29:03,360
Speaker 1: can attack their neighbors of the United States, also to

473
00:29:03,400 --> 00:29:08,680
Speaker 1: have a command structure that's still run by radical Islam. However,

474
00:29:09,200 --> 00:29:12,240
Speaker 1: the other part is what's different than all these other wars.

475
00:29:12,320 --> 00:29:16,719
Speaker 1: It's Muslim versus Muslim that's metastasized. That's shifted over to

476
00:29:16,760 --> 00:29:19,280
Speaker 1: the Persian golf and whether you like to admit it

477
00:29:19,360 --> 00:29:22,600
Speaker 1: or not, until we are up to more full capacity,

478
00:29:22,760 --> 00:29:29,400
Speaker 1: still much of the world, obviously Europe in Asia run

479
00:29:29,440 --> 00:29:33,440
Speaker 1: on Persian golf, all in gas, and so gold has

480
00:29:33,440 --> 00:29:36,239
Speaker 1: been a traditional hedge. What does that mean and what

481
00:29:36,240 --> 00:29:39,200
Speaker 1: does it mean particularly a time like this, Well, we're

482
00:29:39,240 --> 00:29:42,760
Speaker 1: in a shooting war, in a massive shooting war that

483
00:29:42,880 --> 00:29:48,040
Speaker 1: is quite frankly even now forget a rock in Afghanistan.

484
00:29:48,120 --> 00:29:49,720
Speaker 1: It's bigger than the Gulf War.

485
00:29:49,960 --> 00:29:53,920
Speaker 6: Sir, Yeah, this is I mean, there's a lot to

486
00:29:54,040 --> 00:29:57,320
Speaker 6: unpack there, certainly. You know, even prior to this, as

487
00:29:57,360 --> 00:30:00,720
Speaker 6: you mentioned, we had the perfect storm for for gold.

488
00:30:01,280 --> 00:30:04,240
Speaker 6: We've printed the dollar into oblivion. We've made it a

489
00:30:04,320 --> 00:30:07,840
Speaker 6: much less attractive store of wealth. We've talked about how

490
00:30:07,880 --> 00:30:12,760
Speaker 6: we broke the trust, specifically Biden through sanctions and weaponization

491
00:30:12,880 --> 00:30:16,280
Speaker 6: of currency, which made the dollar far less attractive. People

492
00:30:16,320 --> 00:30:19,920
Speaker 6: have to understand, gold has been the standard for international

493
00:30:19,960 --> 00:30:24,040
Speaker 6: currency throughout all of human history because ultimately, for most

494
00:30:24,040 --> 00:30:27,320
Speaker 6: of human history, countries didn't trust each other. And sort

495
00:30:27,320 --> 00:30:30,479
Speaker 6: of post World War Two, this belief was born that

496
00:30:30,520 --> 00:30:33,880
Speaker 6: the world had transitioned and we moved away from gold

497
00:30:33,920 --> 00:30:37,480
Speaker 6: towards government debt, and specifically US government debt. But I

498
00:30:37,480 --> 00:30:41,080
Speaker 6: think clearly that illusion has been shattered. First of all,

499
00:30:41,400 --> 00:30:44,240
Speaker 6: the dollar is a store of wealth, isn't what it was.

500
00:30:44,320 --> 00:30:47,400
Speaker 6: It's lost twenty eight percent of its buying power since

501
00:30:47,440 --> 00:30:51,560
Speaker 6: the pandemic. It is an unattra much less attractive store

502
00:30:51,560 --> 00:30:55,160
Speaker 6: of wealth than it was. Secondly, broadly, the trust has

503
00:30:55,240 --> 00:30:57,920
Speaker 6: been broken. So I think what we're seeing now is

504
00:30:57,960 --> 00:31:01,480
Speaker 6: the world is reverting back to on money what has

505
00:31:01,600 --> 00:31:03,040
Speaker 6: always been the standard.

506
00:31:04,080 --> 00:31:04,440
Speaker 1: Now.

507
00:31:04,760 --> 00:31:09,720
Speaker 6: Obviously, a war in Iran adds another dimension and more instability,

508
00:31:09,760 --> 00:31:12,920
Speaker 6: and you're correct in your assessment. Look, the Uranians can't

509
00:31:12,960 --> 00:31:16,640
Speaker 6: wage a military war, can't win a military war against

510
00:31:16,640 --> 00:31:19,280
Speaker 6: the United States, So the best way to do this

511
00:31:19,480 --> 00:31:22,080
Speaker 6: is to morph this into an economic war. I think

512
00:31:22,080 --> 00:31:25,800
Speaker 6: it's why they're hitting the Gulf States currently, to create

513
00:31:26,840 --> 00:31:29,880
Speaker 6: uncertainty and chaos, and I think it's going to be

514
00:31:29,920 --> 00:31:34,120
Speaker 6: a very effective strategy. Obviously, oil prices increasing on the

515
00:31:34,160 --> 00:31:37,400
Speaker 6: back of it significantly. If the war is long drawn

516
00:31:37,440 --> 00:31:40,920
Speaker 6: out and protracted, that's going to increase even more, and

517
00:31:40,960 --> 00:31:44,680
Speaker 6: that puts pressure on things domestically. Ultimately, we said this

518
00:31:44,760 --> 00:31:49,600
Speaker 6: a lot under Biden. Oil is the most inflationary commodity.

519
00:31:49,840 --> 00:31:53,360
Speaker 6: Oil prices go up put pressure on pricing across the

520
00:31:53,360 --> 00:31:57,040
Speaker 6: board domestically at a time heading into the midterms, when

521
00:31:57,080 --> 00:32:00,240
Speaker 6: we really don't need it. So the Uranians are smart

522
00:32:00,280 --> 00:32:02,080
Speaker 6: and I think they're going to continue to play a

523
00:32:02,120 --> 00:32:05,280
Speaker 6: smart game. So we'll have to see how this pans out.

524
00:32:05,320 --> 00:32:09,240
Speaker 6: But economically this is problematic.

525
00:32:10,560 --> 00:32:12,240
Speaker 1: When you see when you're on the day, you know

526
00:32:12,280 --> 00:32:14,240
Speaker 1: we've had Eric Bowling on now. He used to be

527
00:32:14,320 --> 00:32:17,160
Speaker 1: a trader of all in gas features, all of it

528
00:32:17,880 --> 00:32:20,920
Speaker 1: in the Pittsford about a dozen years. When you're talking

529
00:32:20,920 --> 00:32:23,560
Speaker 1: to traders, particularly in people in the commodities market and

530
00:32:23,600 --> 00:32:27,120
Speaker 1: people in the gold market, what are you hearing today?

531
00:32:28,520 --> 00:32:31,760
Speaker 6: Listen predictions that what I'm hearing is this is the

532
00:32:31,880 --> 00:32:35,320
Speaker 6: perfect storm we're seeing now for prescious medals. Right the

533
00:32:35,360 --> 00:32:39,960
Speaker 6: world is turning into chaos. Sadly, the silver lining is

534
00:32:40,040 --> 00:32:44,880
Speaker 6: it bodes well for investors in precious medals. Predictions now

535
00:32:44,920 --> 00:32:49,520
Speaker 6: are increasing dramatically. Ubs JP Morgan Bank of America have

536
00:32:49,680 --> 00:32:54,240
Speaker 6: scrambled to up predictions now on precious medals. They're projecting

537
00:32:54,320 --> 00:32:57,160
Speaker 6: sixty three hundred now for gold by the end of

538
00:32:57,200 --> 00:33:00,360
Speaker 6: the year. We're trading in the fifty one hundred, so

539
00:33:00,680 --> 00:33:04,760
Speaker 6: significant upside from where we sit. This ultimately strengthens the

540
00:33:04,800 --> 00:33:08,160
Speaker 6: long term fundamentals, and I think the longer the duration,

541
00:33:09,120 --> 00:33:11,800
Speaker 6: the better it is for precious metals, the more strain

542
00:33:11,880 --> 00:33:13,920
Speaker 6: it puts on the dollar and government debt.

543
00:33:14,960 --> 00:33:18,640
Speaker 1: Well, you say, there is though, there is this, There

544
00:33:18,720 --> 00:33:22,000
Speaker 1: is this flight to quality with the dollar. The dollar

545
00:33:22,040 --> 00:33:27,400
Speaker 1: has strengthened since it started, so people are fleeing certain assets.

546
00:33:27,200 --> 00:33:30,720
Speaker 1: It's not the end of the bricks movement. But clearly

547
00:33:30,800 --> 00:33:34,640
Speaker 1: some of the money market folks have said, hey, given

548
00:33:34,800 --> 00:33:37,480
Speaker 1: I don't understand what's going on, maybe I get more

549
00:33:37,480 --> 00:33:42,320
Speaker 1: into dollars. Obviously Goal too, but the strength of the dollar.

550
00:33:42,400 --> 00:33:44,800
Speaker 1: You've seen that in the last week or so because

551
00:33:44,800 --> 00:33:47,040
Speaker 1: a lot of people said, hey, I think Goal could

552
00:33:47,080 --> 00:33:49,040
Speaker 1: be exploded. I could get to the six thousand or

553
00:33:49,040 --> 00:33:52,560
Speaker 1: sixty five hundred. Remember, we don't forecast the price of

554
00:33:52,600 --> 00:33:54,920
Speaker 1: Goal here. What we want to do is get you

555
00:33:54,960 --> 00:33:57,240
Speaker 1: the information and get you into like end of the

556
00:33:57,280 --> 00:33:59,840
Speaker 1: dollar empire, and you take you know, take your phone

557
00:33:59,840 --> 00:34:01,840
Speaker 1: out and text ban and b A n n owing

558
00:34:01,880 --> 00:34:04,320
Speaker 1: at ninety eight nine, and you get the ultimate guide

559
00:34:04,360 --> 00:34:08,680
Speaker 1: from investing, totally free, no obligations. All the information from Birtz,

560
00:34:08,719 --> 00:34:11,439
Speaker 1: Goal and the warroom on this topic are always free.

561
00:34:11,480 --> 00:34:15,480
Speaker 1: Because we want a smart investor in a smart in

562
00:34:15,520 --> 00:34:20,919
Speaker 1: a smart you know, a smart consumer. So, but what

563
00:34:20,960 --> 00:34:22,520
Speaker 1: was this about the strength and the goal Over the

564
00:34:22,600 --> 00:34:25,200
Speaker 1: last couple of days, the gold strengthened.

565
00:34:25,280 --> 00:34:28,880
Speaker 6: You make an interesting point, though, initially saw the dollar strengthen,

566
00:34:28,920 --> 00:34:32,239
Speaker 6: and it has done, and it's good news. People ultimately

567
00:34:32,280 --> 00:34:35,320
Speaker 6: moved to cash, and it shows that for liquidity people

568
00:34:35,440 --> 00:34:39,440
Speaker 6: still want dollars. What was interesting though, is historically during

569
00:34:39,719 --> 00:34:44,680
Speaker 6: times like this, investors run to government debt and yields decline.

570
00:34:45,080 --> 00:34:48,560
Speaker 6: But the opposite happened. Yields actually increased on the debt,

571
00:34:48,600 --> 00:34:51,240
Speaker 6: and what that suggests is people are less worried about

572
00:34:51,239 --> 00:34:55,160
Speaker 6: collapse more worried about inflation, I think, particularly the impact

573
00:34:55,200 --> 00:34:59,120
Speaker 6: of higher energy costs on top of today's already elevated

574
00:34:59,200 --> 00:35:02,160
Speaker 6: price levels. So as much as the dollar did strengthen,

575
00:35:02,200 --> 00:35:06,239
Speaker 6: which was good news, yields on debt increase, which is

576
00:35:06,320 --> 00:35:08,480
Speaker 6: bad news for the government. So sort of a mixed

577
00:35:08,560 --> 00:35:11,800
Speaker 6: bag there. In terms of precious metals, though, like I said,

578
00:35:11,800 --> 00:35:15,680
Speaker 6: I think demand will still increase broadly for medals. It's

579
00:35:15,719 --> 00:35:19,400
Speaker 6: still being driven by central banks. The dollarization is still

580
00:35:19,719 --> 00:35:23,520
Speaker 6: happening very actively. I think we're thirty eight year lows

581
00:35:23,560 --> 00:35:27,440
Speaker 6: now for central banks around the world holding holding dollars

582
00:35:27,440 --> 00:35:32,600
Speaker 6: for reserves, so that trend I think will continue long term.

583
00:35:33,000 --> 00:35:36,120
Speaker 6: Nothing is linear, right, the dollar is not going to

584
00:35:36,160 --> 00:35:38,600
Speaker 6: go like that. There'll be peaks and troughs, but I

585
00:35:38,600 --> 00:35:41,480
Speaker 6: think long term the trend, at least at this point,

586
00:35:41,920 --> 00:35:42,760
Speaker 6: is not changing.

587
00:35:44,200 --> 00:35:46,839
Speaker 1: You were the first to bring up. This is years ago.

588
00:35:46,880 --> 00:35:50,040
Speaker 1: In fact, this is the beginning of the year. So

589
00:35:50,080 --> 00:35:52,000
Speaker 1: I think if we're working with you guys, you had

590
00:35:52,000 --> 00:35:58,520
Speaker 1: this blinding insight. They're really not just turbocharge goal at

591
00:35:58,560 --> 00:36:03,719
Speaker 1: the time, but really had such a massive geopolitical impact

592
00:36:04,360 --> 00:36:07,759
Speaker 1: when people in this in the beginning of the Ukrainian War,

593
00:36:07,840 --> 00:36:09,279
Speaker 1: I guess we might have been into it for the

594
00:36:09,320 --> 00:36:12,960
Speaker 1: first year when the people that were so gung ho,

595
00:36:13,239 --> 00:36:15,279
Speaker 1: you know, that were driving the Ukrainians to put more

596
00:36:15,360 --> 00:36:18,719
Speaker 1: people in and more the resources in really fighted. They

597
00:36:18,760 --> 00:36:23,440
Speaker 1: came with this idea of first freezing the Russians assets

598
00:36:23,960 --> 00:36:27,920
Speaker 1: and then essentially stealing the Russian people's assets dollar denominated

599
00:36:28,000 --> 00:36:32,440
Speaker 1: assets that were in essentially basically European banks. And you

600
00:36:32,520 --> 00:36:34,440
Speaker 1: came on, he said, hey, this again, this is a

601
00:36:34,480 --> 00:36:37,319
Speaker 1: game changer. It's one of the reasons people have had

602
00:36:37,320 --> 00:36:40,120
Speaker 1: a problem with the swift system. They've had a problem

603
00:36:40,160 --> 00:36:43,960
Speaker 1: with the because the Americans can actually weaponize the dollar.

604
00:36:44,040 --> 00:36:45,120
Speaker 2: But we've never.

605
00:36:45,040 --> 00:36:46,960
Speaker 1: Done this to the Nazis. We didn't do this to

606
00:36:47,000 --> 00:36:51,120
Speaker 1: Imperial Japan, we didn't do this to the Bolsheviks. This

607
00:36:51,200 --> 00:36:53,799
Speaker 1: is a game changer. And you saw the shift in

608
00:36:53,840 --> 00:36:56,640
Speaker 1: the kind of the sentiment to goal, particularly among central banks,

609
00:36:57,040 --> 00:37:00,000
Speaker 1: because they realized, hey, maybe we can't be so dollar denominated.

610
00:37:00,880 --> 00:37:02,959
Speaker 1: We just had in the last twenty four to forty

611
00:37:02,960 --> 00:37:08,120
Speaker 1: eight hours the same situation in uh in the UAE

612
00:37:08,680 --> 00:37:11,640
Speaker 1: where the UA's warned the Persians, and ninety nine point

613
00:37:11,760 --> 00:37:14,520
Speaker 1: ninety nine percent of people didn't understand this because they said, hey,

614
00:37:14,520 --> 00:37:16,600
Speaker 1: I thought the Arabs in the in the arrangs and

615
00:37:16,640 --> 00:37:19,480
Speaker 1: the Persians were kind of a at a war with

616
00:37:19,520 --> 00:37:22,520
Speaker 1: each other, and you know, the Iranians were always saying

617
00:37:22,560 --> 00:37:25,000
Speaker 1: they were threatened them militarily, and they had all these

618
00:37:25,040 --> 00:37:28,439
Speaker 1: proxy groups in there, and so this thing's not never really,

619
00:37:28,520 --> 00:37:31,880
Speaker 1: it's it's been in the Abraham Accords showed that UAE

620
00:37:32,000 --> 00:37:34,080
Speaker 1: and others were prepared to work with the Israelis. The

621
00:37:34,080 --> 00:37:37,319
Speaker 1: biggest problem was was Tehran. And then it comes up

622
00:37:37,360 --> 00:37:41,239
Speaker 1: that Dubai is that I called Tortuga to the to

623
00:37:41,320 --> 00:37:45,400
Speaker 1: the pirates in the Caribbean in the in the in

624
00:37:45,480 --> 00:37:50,400
Speaker 1: the eighteenth, six, seventeenth and eighteenth century. Uh, it's Dubai

625
00:37:50,560 --> 00:37:54,120
Speaker 1: is like the pirates den and you had all the

626
00:37:54,200 --> 00:37:57,880
Speaker 1: resources and all their cash wasn't in wasn't in Switzerland.

627
00:37:57,960 --> 00:38:01,440
Speaker 1: It was in Dubai. And now UAE is threatening to say, hey, look,

628
00:38:01,880 --> 00:38:04,080
Speaker 1: not only might we freeze it, we might take it.

629
00:38:04,680 --> 00:38:07,080
Speaker 1: How is that? Tell me how that's a game changer

630
00:38:07,120 --> 00:38:11,719
Speaker 1: in this war. It reflects what happened with the Russians,

631
00:38:11,760 --> 00:38:16,120
Speaker 1: but it's also going to be another indication of countries

632
00:38:16,160 --> 00:38:18,239
Speaker 1: throughout the world in central banks that hey, maybe I

633
00:38:18,320 --> 00:38:21,439
Speaker 1: just can't be keeping my cash sitting around I got

634
00:38:21,440 --> 00:38:23,919
Speaker 1: maybe I have to go to gold, sir.

635
00:38:25,760 --> 00:38:28,080
Speaker 6: This was the point that I was making earlier. Right,

636
00:38:28,120 --> 00:38:31,280
Speaker 6: for all of human history, gold was the standard because

637
00:38:31,320 --> 00:38:34,560
Speaker 6: trust didn't exist broadly between nations.

638
00:38:34,600 --> 00:38:36,640
Speaker 1: And like I said, this sort of post.

639
00:38:36,400 --> 00:38:40,280
Speaker 6: World War two US led order meant that the world

640
00:38:40,320 --> 00:38:43,080
Speaker 6: broadly trusted each other. And when the trust broke down,

641
00:38:43,360 --> 00:38:46,400
Speaker 6: America was there to police it. So we saw this transition,

642
00:38:46,560 --> 00:38:50,000
Speaker 6: but that illusion has clearly been shattered. The world now

643
00:38:50,120 --> 00:38:53,960
Speaker 6: is sort of turning to blocks and I think assets seizures,

644
00:38:54,280 --> 00:38:58,120
Speaker 6: things like that have ultimately escalated the inevitability.

645
00:38:58,840 --> 00:39:00,160
Speaker 1: I'd love to sort.

646
00:38:59,960 --> 00:39:03,439
Speaker 6: Of take credit for some genius foresight when it came

647
00:39:03,480 --> 00:39:06,880
Speaker 6: to the Russia thing, but ultimately it's it's common sense.

648
00:39:07,000 --> 00:39:07,160
Speaker 2: Right.

649
00:39:07,200 --> 00:39:09,640
Speaker 6: If you want to incentivize the world to hold your

650
00:39:09,680 --> 00:39:13,439
Speaker 6: currency and trade in it, you know you can't do

651
00:39:13,520 --> 00:39:17,680
Speaker 6: things like seize people's assets and threaten to give them

652
00:39:17,760 --> 00:39:20,640
Speaker 6: to a country that they're currently at war at to

653
00:39:20,800 --> 00:39:24,319
Speaker 6: fight against them. That's not only a message to the

654
00:39:24,360 --> 00:39:27,719
Speaker 6: country you're sanctioning, but it's a message to every other

655
00:39:27,840 --> 00:39:30,840
Speaker 6: country around the world that may want to do things

656
00:39:31,040 --> 00:39:35,440
Speaker 6: that don't align with your more moral compass. It's that simple,

657
00:39:35,719 --> 00:39:38,439
Speaker 6: and the more it happens, the more the world will

658
00:39:38,480 --> 00:39:40,279
Speaker 6: revert to gold.

659
00:39:40,920 --> 00:39:44,520
Speaker 1: Philip Kenia hang on recessarily, but just hang on through

660
00:39:44,520 --> 00:39:47,319
Speaker 1: the commercial break, because I want people to immerse them

661
00:39:47,600 --> 00:39:51,200
Speaker 1: avail themselves of the opportunity that you have to immerse

662
00:39:51,239 --> 00:39:56,359
Speaker 1: themselves in information here and become wiser. I think you'll

663
00:39:56,400 --> 00:39:59,480
Speaker 1: become financially more and more stable if you do this,

664
00:39:59,600 --> 00:40:03,360
Speaker 1: but you'll still learn how the world works. Birch Gold

665
00:40:03,520 --> 00:40:06,000
Speaker 1: dot com the end of the Dollar Empire. If you

666
00:40:06,080 --> 00:40:09,200
Speaker 1: go there today, all of the installments are free online,

667
00:40:09,360 --> 00:40:12,000
Speaker 1: but you also if you want a hard copy. In

668
00:40:12,040 --> 00:40:15,440
Speaker 1: the hard copy we did in conjunction with our partners

669
00:40:15,520 --> 00:40:18,879
Speaker 1: over at Birch Gold is nothing short of, I think magnificent.

670
00:40:19,280 --> 00:40:22,560
Speaker 1: The Patriots Edition of the End of the Dollar Empire.

671
00:40:22,640 --> 00:40:25,200
Speaker 1: It's seven all seven free installments and kind of reads

672
00:40:25,239 --> 00:40:28,160
Speaker 1: right through like a book. And remember it's being taught

673
00:40:28,160 --> 00:40:30,880
Speaker 1: now in graduate schools. I thought it was undergraduate economics

674
00:40:30,920 --> 00:40:34,880
Speaker 1: and finance classes. Actually being taught now in graduate level

675
00:40:34,960 --> 00:40:38,640
Speaker 1: why because we try to make this successible, keep it sophisticated,

676
00:40:38,920 --> 00:40:40,480
Speaker 1: but make sure that you didn't have to have a

677
00:40:40,480 --> 00:40:43,759
Speaker 1: degree in economics to understand it. Birch Gold dot Com

678
00:40:43,760 --> 00:40:47,520
Speaker 1: promo code Bannon The End of the Dollar Empire. Philip

679
00:40:47,520 --> 00:40:51,960
Speaker 1: Patrick on the other side, war in the rumors of

680
00:40:52,080 --> 00:40:57,160
Speaker 1: war in the warroom this morning, God we rejoice the

681
00:40:57,360 --> 00:40:59,400
Speaker 1: polistic dolls.

682
00:41:01,080 --> 00:41:05,040
Speaker 2: War Room. Use your host, Stephen k Maas.

683
00:41:05,080 --> 00:41:07,080
Speaker 1: Okay, I just want to make sure everybody to think

684
00:41:07,080 --> 00:41:13,600
Speaker 1: about this crypto was supposed to be digital gold, correct, Philip,

685
00:41:14,000 --> 00:41:16,319
Speaker 1: and it was going to have all these attributes of gold.

686
00:41:16,520 --> 00:41:18,839
Speaker 1: One of the things for the audience to understand that

687
00:41:19,120 --> 00:41:21,240
Speaker 1: history has kind of proven the last couple of years

688
00:41:21,880 --> 00:41:25,440
Speaker 1: is that particularly as the central banks stepped in from

689
00:41:25,480 --> 00:41:29,239
Speaker 1: throughout the world, particularly the Chinese Communist Party, right, but

690
00:41:29,280 --> 00:41:33,160
Speaker 1: the central banks have stepped in and doubled and tripled

691
00:41:33,320 --> 00:41:37,239
Speaker 1: on their gold reserves. Is that gold has has been

692
00:41:37,360 --> 00:41:40,120
Speaker 1: very liquid. I think in the past there were some issues. Well,

693
00:41:40,160 --> 00:41:42,560
Speaker 1: if I got physical gold, you know, it's not like

694
00:41:42,600 --> 00:41:44,680
Speaker 1: going in a stock on the New York Stock Exchange.

695
00:41:44,719 --> 00:41:47,480
Speaker 1: I can't call my broken cross a trade. But just

696
00:41:47,560 --> 00:41:52,160
Speaker 1: the depth of purchasing in the gold market gave you

697
00:41:52,280 --> 00:41:54,680
Speaker 1: liquid it. If you wanted to offload your gold or

698
00:41:54,760 --> 00:41:56,839
Speaker 1: sell it, you weren't looking at taking a twenty five

699
00:41:56,880 --> 00:42:02,320
Speaker 1: percent discountciling like this because of recent statistics, and crypto

700
00:42:02,360 --> 00:42:04,480
Speaker 1: was supposed to be the same way. I think what

701
00:42:04,600 --> 00:42:07,239
Speaker 1: we found one I want you to talk about. It

702
00:42:07,280 --> 00:42:09,839
Speaker 1: turned out it didn't move with gold. It turned out

703
00:42:09,840 --> 00:42:14,640
Speaker 1: to be instead of countercyclical with the cycle. And I

704
00:42:14,719 --> 00:42:16,840
Speaker 1: believe more importantly, and this is why you saw a

705
00:42:16,840 --> 00:42:19,000
Speaker 1: lot of the tech brows very early on when President

706
00:42:19,040 --> 00:42:21,839
Speaker 1: Trump won. I remember these guys all climbed on board

707
00:42:21,880 --> 00:42:25,680
Speaker 1: and they want not just regulation, they also wanted some

708
00:42:26,480 --> 00:42:29,360
Speaker 1: the US government step in with these kind of these

709
00:42:29,440 --> 00:42:33,040
Speaker 1: reserves to essentially add liquidity to the market. And now

710
00:42:33,080 --> 00:42:37,080
Speaker 1: we understand, particularly specifically now that we're in the shooting

711
00:42:37,120 --> 00:42:40,359
Speaker 1: war and crypto has been all over the place, there's

712
00:42:40,440 --> 00:42:44,759
Speaker 1: just not one it's not countercyclical. Number two, it is

713
00:42:45,120 --> 00:42:48,160
Speaker 1: there's a liquidity issue. And so it turns out it's

714
00:42:48,200 --> 00:42:52,640
Speaker 1: actually not only not digital gold, it's kind of anti

715
00:42:52,840 --> 00:42:56,000
Speaker 1: digital gold, is it not, sir. It's a good good

716
00:42:56,000 --> 00:42:56,719
Speaker 1: way to put it.

717
00:42:56,800 --> 00:42:59,319
Speaker 6: And I think not having the American taxpayer being the

718
00:42:59,360 --> 00:43:04,560
Speaker 6: backstop that is very, very important. With the benefit of hindsight,

719
00:43:04,600 --> 00:43:07,359
Speaker 6: it's clear to see what would have happened. On top

720
00:43:07,400 --> 00:43:10,560
Speaker 6: of that, the digital gold story just doesn't hold up anymore,

721
00:43:10,600 --> 00:43:13,880
Speaker 6: and honestly it hasn't for quite a while. Gold is

722
00:43:13,880 --> 00:43:17,200
Speaker 6: a safe haven asset. It performs incredibly well during times

723
00:43:17,200 --> 00:43:22,560
Speaker 6: of stagflation. Things like higher inflation, weaker growth, monetary instability,

724
00:43:22,680 --> 00:43:26,160
Speaker 6: dollar decline, they all drive gold up. But what it

725
00:43:26,280 --> 00:43:31,279
Speaker 6: is is defensive, boring. It's essentially insurance for a portfolio.

726
00:43:31,800 --> 00:43:35,480
Speaker 6: Bitcoin has not behaved that way at all. Right, When

727
00:43:35,520 --> 00:43:39,520
Speaker 6: liquidity has been abundant, when rates are low, speculative appetite

728
00:43:39,600 --> 00:43:43,840
Speaker 6: is high, Bitcoin absolutely soores and people can do incredibly

729
00:43:43,880 --> 00:43:48,360
Speaker 6: well when liquidity tightens, and when real rates rise, sentiment

730
00:43:48,400 --> 00:43:51,080
Speaker 6: turns from risk on to risk of the thing can

731
00:43:51,200 --> 00:43:55,040
Speaker 6: absolutely plum it right drop fifty sixty percent, as we've

732
00:43:55,080 --> 00:43:58,200
Speaker 6: been seeing. So you know, gold is on the opposite

733
00:43:58,320 --> 00:44:00,800
Speaker 6: end of the spectrum to that. Going to buy gold

734
00:44:00,840 --> 00:44:04,640
Speaker 6: and it's worth double, triple, quadruple two weeks from now,

735
00:44:04,800 --> 00:44:07,239
Speaker 6: but by that same token, it doesn't drop in half

736
00:44:07,280 --> 00:44:10,000
Speaker 6: in a week. So when it comes to sort of

737
00:44:10,120 --> 00:44:12,520
Speaker 6: risk profile, I'd put it on the opposite end of

738
00:44:12,560 --> 00:44:15,440
Speaker 6: the spectrum. And as you rightly point out, you know,

739
00:44:15,640 --> 00:44:18,919
Speaker 6: gold has thousands of years of history, and what we've

740
00:44:19,000 --> 00:44:22,600
Speaker 6: learned over those years is how it performs in relation

741
00:44:22,719 --> 00:44:26,239
Speaker 6: to other assets, So we understand very well it's defensive

742
00:44:26,360 --> 00:44:30,480
Speaker 6: and it's countercyclical. It does very well when things are struggling.

743
00:44:30,800 --> 00:44:34,279
Speaker 6: Bitcoin seems to be the reverse, right, and in climates

744
00:44:34,400 --> 00:44:37,279
Speaker 6: like this, when people are looking for safe havens, they're

745
00:44:37,280 --> 00:44:41,600
Speaker 6: looking for wealth preservation. Bitcoin just doesn't achieve that. So

746
00:44:41,960 --> 00:44:44,799
Speaker 6: I've always viewed it as a speculative asset and I

747
00:44:44,880 --> 00:44:48,120
Speaker 6: still do today. So as some sort of support for

748
00:44:48,200 --> 00:44:50,440
Speaker 6: the US dollar, definitely not.

749
00:44:51,719 --> 00:44:55,320
Speaker 1: I also want people to note that both Fulliver and

750
00:44:55,400 --> 00:45:00,239
Speaker 1: myself came out of investment banking. We are not gold bugs. Fact,

751
00:45:00,280 --> 00:45:02,200
Speaker 1: in the eighties and nineties when I really you know,

752
00:45:02,320 --> 00:45:04,080
Speaker 1: left Tarvard and went to work for Goldman Sachs, I

753
00:45:04,080 --> 00:45:07,200
Speaker 1: have my own firm, it was it was really John

754
00:45:07,239 --> 00:45:09,040
Speaker 1: Maynard Keynes, I think it was. It said it was

755
00:45:09,080 --> 00:45:13,359
Speaker 1: a historic relic, a barbaric relic. This has only been

756
00:45:13,760 --> 00:45:17,560
Speaker 1: really this focus on the crushing of the US dollar

757
00:45:17,800 --> 00:45:19,400
Speaker 1: over the last couple of years, because the US l

758
00:45:19,480 --> 00:45:22,600
Speaker 1: is still the backbone of the system, as you're seeing

759
00:45:22,640 --> 00:45:25,840
Speaker 1: right now in this war. The reason we partner with

760
00:45:25,920 --> 00:45:28,319
Speaker 1: Birch Gold is that, you know, I never talked. It's

761
00:45:28,360 --> 00:45:31,480
Speaker 1: not the price, it's the process, and it's learning. This

762
00:45:31,680 --> 00:45:35,279
Speaker 1: was a great learning experience for you to understand how

763
00:45:35,280 --> 00:45:39,200
Speaker 1: the world works. Even if you never invested, or you

764
00:45:39,280 --> 00:45:42,840
Speaker 1: never did anything. It's just to have another error in

765
00:45:42,880 --> 00:45:46,320
Speaker 1: the quiver. That the reason you're the smartest, most powerful

766
00:45:46,400 --> 00:45:50,600
Speaker 1: political audience in the world and have really bent the

767
00:45:50,719 --> 00:45:53,840
Speaker 1: arc of history is that you use your agency and

768
00:45:53,880 --> 00:45:57,560
Speaker 1: you're engaged. And we've done this on geopolitics, we've done

769
00:45:57,560 --> 00:46:00,640
Speaker 1: it obviously on politics itself. On culture, one of the

770
00:46:00,719 --> 00:46:02,960
Speaker 1: most important things we do in the show is to

771
00:46:03,000 --> 00:46:05,480
Speaker 1: talk to a blue collar and a middle class audience

772
00:46:06,040 --> 00:46:09,840
Speaker 1: on things I think are more sophisticated than CNBC or

773
00:46:09,920 --> 00:46:14,120
Speaker 1: forget Fox Business that's just cheerleading, almost like Bloomberg TV.

774
00:46:14,200 --> 00:46:15,959
Speaker 1: We really try to get people in here and break

775
00:46:16,000 --> 00:46:18,799
Speaker 1: down what's going on, because we say, if you don't

776
00:46:18,880 --> 00:46:21,200
Speaker 1: understand that, you're not going to understand how the world works.

777
00:46:21,200 --> 00:46:23,160
Speaker 1: And that's why the partnership with Birch Gold and all

778
00:46:23,200 --> 00:46:25,160
Speaker 1: the work we've put in together the birch Gold team

779
00:46:25,160 --> 00:46:27,719
Speaker 1: and the Worm team to do it. But Philip, I

780
00:46:27,760 --> 00:46:30,440
Speaker 1: want people if you go to birch gold dot com

781
00:46:30,640 --> 00:46:33,240
Speaker 1: promo code ban and you get access to all the information,

782
00:46:33,320 --> 00:46:36,520
Speaker 1: but most importantly get access to Philip Patriot team. And

783
00:46:36,520 --> 00:46:38,279
Speaker 1: I've had so many people come to me and say, hey,

784
00:46:38,719 --> 00:46:40,759
Speaker 1: in my relationship with Birch Gold has changed my life

785
00:46:40,800 --> 00:46:43,879
Speaker 1: because I got in it cold at fifteen hundred bucks

786
00:46:43,920 --> 00:46:46,480
Speaker 1: and it's over five thousand a day. But it's really

787
00:46:46,600 --> 00:46:49,240
Speaker 1: the learning experience I want. We got about a minute, Philip,

788
00:46:49,239 --> 00:46:51,759
Speaker 1: Where do people go? How do they get access to

789
00:46:51,840 --> 00:46:54,360
Speaker 1: you and your team? It's really simple.

790
00:46:54,400 --> 00:46:58,759
Speaker 6: It's birchgold dot com forward slash banning again, birch gold

791
00:46:58,840 --> 00:47:01,520
Speaker 6: dot com forward slash span and get the End of

792
00:47:01,520 --> 00:47:04,960
Speaker 6: the Dollar Empire reports, access to guides on how and

793
00:47:05,000 --> 00:47:08,400
Speaker 6: why to invest in pressures, medals in today's climate, and

794
00:47:08,480 --> 00:47:13,440
Speaker 6: is you rightly point out you know your viewers, your listeners,

795
00:47:13,680 --> 00:47:16,880
Speaker 6: they have a real desire to learn. So the feedback

796
00:47:16,920 --> 00:47:19,399
Speaker 6: we've been getting from this has been fantastic. And whether

797
00:47:19,440 --> 00:47:24,040
Speaker 6: people ultimately buy or not read the information, that's going

798
00:47:24,080 --> 00:47:26,240
Speaker 6: to be the most important part of this. So Birch

799
00:47:26,280 --> 00:47:29,680
Speaker 6: goold dot com forward, slash spanning or tech span in

800
00:47:29,719 --> 00:47:32,400
Speaker 6: to nine eight nine eight ninety eight, ask for the

801
00:47:32,440 --> 00:47:34,880
Speaker 6: information and do whatever they want from there.

802
00:47:35,120 --> 00:47:37,879
Speaker 1: No obligation, totally free. Also, if you go, you can

803
00:47:37,880 --> 00:47:43,160
Speaker 1: get access to the printed edition, the Patriots edition of

804
00:47:43,239 --> 00:47:47,120
Speaker 1: the of the End of the Dollar Empire also were

805
00:47:47,160 --> 00:47:50,120
Speaker 1: coming out. Philb and I have finally Philip made some

806
00:47:50,400 --> 00:47:54,040
Speaker 1: smart tweaks over the last forty eight hours and we'll

807
00:47:54,080 --> 00:47:57,319
Speaker 1: be out with the eighth free edition, the eighth installment

808
00:47:57,920 --> 00:48:00,440
Speaker 1: as we rub this thing up again. Philip Patrick, thank you,

809
00:48:00,480 --> 00:48:03,480
Speaker 1: thank you for taking your time away on a Saturday.

810
00:48:03,480 --> 00:48:07,600
Speaker 1: I appreciate you, sir, Thank you for having me. Steve. Okay,

811
00:48:07,920 --> 00:48:10,960
Speaker 1: I'm gonna be up on social media with Grace and

812
00:48:11,040 --> 00:48:16,080
Speaker 1: Moe Elizabeth, everybody. Plus remember tomorrow morning at ten am

813
00:48:16,120 --> 00:48:19,399
Speaker 1: Eastern Standard time, we're gonna have our seven day a week.

814
00:48:19,440 --> 00:48:21,920
Speaker 1: We're gonna do our Sunday show tomorrow to get you

815
00:48:22,040 --> 00:48:26,560
Speaker 1: up to speed on everything you need to know on it.

816
00:48:26,840 --> 00:48:28,959
Speaker 1: But this is the beginning, the kinetic part of World

817
00:48:29,000 --> 00:48:31,160
Speaker 1: War three. Where did I hear that before? Oh, that's right.

818
00:48:31,200 --> 00:48:34,680
Speaker 1: The guys in the war room, have a great Saturday.

819
00:48:34,920 --> 00:48:37,480
Speaker 1: We'll see you back here tomorrow morning at ten am

820
00:48:37,680 --> 00:48:40,480
Speaker 1: Eastern Standard time, and you will be back in the

821
00:48:40,480 --> 00:48:40,879
Speaker 1: war room.

822
00:48:49,800 --> 00:48:53,080
Speaker 5: You know, we still need help from the boss.

823
00:48:54,719 --> 00:48:56,040
Speaker 2: We need help from the Boss.