Bannon’s War Room: Steve Cortes, King Dollar on Shaky Ground, March 15, 2022.
The Economy. Guest Steve Cortes.
Transcripts from Bannon’s War Room on Rumble: Steve Cortes, King Dollar on Shaky Ground Published March 15, 2022.
Steve Bannon:
Breaking news and I'm not making this up Cortes just happen as we went to commercial break Wall Street Journal News, exclusive Middle East from Summer Saeed and Steve Kalan in Riyadh Saudi Arabia headline, ‘Saudi Arabia, considers accepting yuan instead of dollars for Chinese oil sales.’ That would be the Chinese currency. There are right now talks between Riyadh and Beijing. Have accelerated as the Saudi unhappiness grows with Washington. These guys owe their existence to the United States of America. Do they not Steve Cortes?
Steve Cortes:
They certainly do it. But guess what? We're not going to get gratitude because they are gangsters, the royal family that controls Saudi Arabia in Riyadh. And by the way, this is a gangster move from a group of gangsters because we dared the world to get off the dollar. We dared them, how? by declaring war on Russia and specifically on the Russian people and weaponizing money. We are at war right now with Russia. We are not shooting yet, and I hope it doesn't come to that and if we cool down it won't come to that.
But we are at full scale economic war, with the people of Russia. We are actively collapsing, their currency using the dollar as a weapon, but there's great risk to that. We dared the world to consider alternatives to get off the dollar. And guess what, right now, MBS and Saudi Arabia in a gangster move, sees that King Dollar is wobbly and it looks like he's going to deliver a right cross knockout blow to the dollar. Here's why this matters to Americans, way beyond foreign policy. Here's why it matters to your everyday life.
If you've never left the United States of America, if you don't care about other currencies. King dollar is what has allowed the United States to finance what are nightmarish levels of deficits. We've effectively gotten away with it because of the global thirst for dollars because all transactions, whether it's in oil transaction between Saudi Arabia and China or an arms deal, whatever it is.
All major transactions in the world occur in dollars, and the thirst for dollars means that there was an appetite for our outrageous amounts of debt. If that appetite starts to wane and eventually goes away and it very well could, this country quickly becomes Argentina, we quickly enter a death spiral of debt and don't think it can’t happen here because Argentina was once a century ago, a very wealthy, very advanced country on par if not exceeding the United States in its prosperity.
So, it seems unthinkable, but it can happen after a century of dollar primacy in global Capital Markets. Joe Biden in just over a year in office is already dethroning King Dollar and this matters to the lives of every single American.
Steve Bannon:
I think M1 is going to go back and connect dots here about Beijing in the virus that came out of the PLA control Wuhan lab. On March. I think it was a tour to the 15th of 2020 which started the show couple months beforehand. When President Trump announced the emergency measures right? for the CCP virus for COVID-19 total dollars in circulation. I think M1. Correct, Steve, we can argue is M1 or M2. I think M1, I think there were five trillion dollars in the money supply. I think it’s 20 trillion dollars today are close to getting at 125 trillion dollars.
Let me repeat that. There were five trillion dollars in March and there’s 23 trillion dollars. I'm doing a special program with Birch Gold. I'll be announcing in the next couple of days about a analysis we've done called the end of the Dollar Empire. If little Nadia in Phoenix, think she's because of no fault of her own. Somebody works in the ceramic shop, right? Probably for, I don't know, five six bucks an hour. I don't know. But let's say she's not making a hundred thousand dollars a year that they double the price of her rent, the 300 square feet, go from that she feels safe in with her cat, goes from, you know, $600 bucks to what, eleven hundred dollars over a thousand bucks a month. And she spends her nights and she sits there goes. I'm so embarrassed, I’m so humiliated like I'm thinking the sleeping in my car, but my sister won't let me. She'll take me in. That's the country we have today?
When the CCP puts together, the Eurasian landmass and they start getting the mullahs and Persia that they've got the big output deal with oil, they do the Saudi Arabia, and they get off the dollar. Remember, it's the only export we have the world needs, right? They need the dollar.
I'm not justifying the system and how we got here, but we are where we are, and we can't if we're not the prime reserve currency. Those guys, at 3:00 in the morning are not doing that, right? You can't do that. You can't have these massive deficits. But is the country set up now, to take that shock. Let me be brutally frank, we are not, okay?
And this is one thousand percent by the policy, by the great deep thinkers from the University of Alabama, Joe Scarborough, and all these geniuses up here on Capitol Hill, and all the geniuses at the Federal Reserve and all the guys on Wall Street and all the corporations, they are burying this nation and they are burying the people that make this nation great. That's the working class and middle class in this country.
Okay, you're being destroyed. Remember that, write it down, embrace it. You have to embrace the fact that you are being destroyed by their policies. You're a combatant in this. They’re at economic warfare right now. They swept all the reserves of the Russians, and by the way, the oligarchs, they’re taking a yacht, they don't care. They're destroying the Central Bank; they’re destroying the stock market can’t even open. They're trying to destroy the ruble, to get the Russian people to revolt and have regime change.
But there's blow back to that. This is all interconnected and he will not, these guys right here, the Saudis on the cover of the Atlantic Magazine, right? Absolute power, but they got the absolute power not to take Joe Biden's phone call. Do you honestly expect me to believe that if Donald J Trump was rightfully in there on the election that he won on the 3rd of November, the year of our Lord 2020 that we would be anywhere near this chaos?
This madness. This global anarchy, Oh, no. No, no, no Biden's to such a leader doing such a great job, pulling the alliance again. That's all happy talk. This is the thing that matters. This is the signal and we're being destroyed moment by moment and people in the world understand that the players in the world understand that and honestly, these players aren’t good guys. They're not good guys. They're very bad guys, but the world is what the world is.
Okay, and we've been over there defending those guys for 40 or 50 years, remember? God bless them, they helped us take down the Soviet Union when they pumped when we cut the deal with and President Reagan. They're cut the deal to just keep pumping and keep what was it? oil prices down. Cortes. We're in very this is this is the entering the dark valley. This is where starts to spin out of control. Okay? Cortes summary thoughts.
Steve Cortes:
And this is important, right? Because of the critics on the left, who try to say that we are somehow coddling these people. You're exactly right, these people are vipers. Xi, MBS, Putin, these are vipers and gangsters. The point is American policy failures, have emboldened and empowered the vipers to take significant actions against the United States. That is the point. I'm not pro-Putin. I'm certainly not pro Xi or for MBS, I'm Pro America. And the policy failures are emboldening and empowering all of them to take aggressive action against the United States. And we need to recognize it and stand up against it and not escalate where we have no vital to us nationalist interest.
Steve Bannon:
To destroy the Nazis to destroy the Nazis. We partnered with Joe Stalin. There's no way, he’s Hitler on steroids. Okay, he’s Hitler on steroids. Okay, we partnered with him to destroy the Wehrmacht to destroy Germany. We partnered with Mao Zetong, I would argue the greatest monster, in a century of monsters in a centuries of monsters, Mao is first among equals.
He's worse than Hitler and Stalin combined. We partner with him to bring down the Soviet Union. We've worked with bad hombre as before. That's what being a great powers about. So don't sit there and give me all your happy duck. These elites in this nation right now are actively destroying this nation right now and they’re destroying the working people. Look at that woman out in Phoenix. She's doing everything she could do. She shows up at work every day at the ceramic shop. Do you think we have to have a nation that she sits and says, I feel worthless? It's not your fault.
This is the outrage of this Cortes. Thank you very much. Appreciate it, what’s your GETTR handle?
Steve Cortes:
I'm still at Twitter @Cortes, Steve Cortes and I also have a brand-new article on our garbage elite, our garbage ruling class on Sub Stack. Please have a look.
Steve Bannon:
On McFaul, it’s amazing you got to read it what a clown that guy is. I’m so glad who are our opponents are. They’re so hapless. Cortes thank you very much.
DONE
(Note to reader: I am not affiliated with Bannon’s War Room. I am merely transcribing so that people could copy and share)