Transcripts. Bannon’s War Room. Gertz US Intelligence is Slow Walking & CCP Corruption Report In Line With Biden’s China Appeasement. June 12, 2024.
Topic. CCP and the Biden Administration. Guest Bill Gertz. June 12, 2024.
Transcripts from Bannon’s War Room on Rumble: Gertz US Intelligence & Slow Walking &CCP Corruption Report In Line With Biden’s China Appeasement
June 12, 2024.
Steve Bannon
Gertz. Bill, you've advocated this for many, many years. Walk us through exactly what this CRS report says and why it's so important that we press this every day because this is the greatest information we could ever put out about the people that enslave the noble, brave and dignified Chinese people, Sir.
Bill Gertz
Yeah, this is my third story on this topic in The Washington Times. In April, I reported that there was this section of the fiscal year 23 National Defense Authorization, which requires the intelligence community to produce a report specifically on Chinese corruption and hidden wealth, known to be in the billions of dollars. And this report was originally due in December of last year, and the intelligence community has not done it yet.
My guess is that our illustrious intelligence analysis bureaucracy is trying to torpedo it. The Office of the Director of National Intelligence told me in April that they are aware of the legal requirement for this report and are working on the report. Fast forward, Andy Ogles, as you mentioned, a Tennessee Republican congressman, he then passed additional legislation that gives the DNI six more months to produce this report that was due again last December.
And this, as you said, this is extremely important because it shows how corrupt and despised the Chinese Communist Party is, and this will directly contradict the Biden Administration policy, which has been stated by the president himself and Secretary of State Blinken who said that they do not seek to undermine the Chinese Communist Party. This is the fatal flaw in the Biden administration's policy towards China. They don't understand that this is a corrupt and despised dictatorship that has to be exposed, and we've got to expose it.
Steve Bannon
Talk to me first. Go back, why? What is it the intelligence because this information is out there, it's out there unclassified. Now unclassified. But why are they slow walking? Because it has to be slow walking. It can't be that they can't get the information or at least do enough. They can get it out there. Why is the intelligence community #1 Why do they not deliver on time? and #2 Andy Ogles and he's great, he's a fire breathing anti CCP congressman. Why did Ogles decide that he would work to give him six more months but then demand that they deliver?
Bill Gertz
Well, they passed some new legislation, or they've introduced new legislation to give them six more months and they also require testimony. They want public testimony. Again, this is a public document. And of course, the intelligence community is going to claim that oh, this is classified information. They're going to use heavy caveats by saying what kind of confidence they have in it, and it's all reflective of the appeasement policies of the Biden administration.
They've launched a new detente program with Communist China, and they want to try and get along with Communist China. They don't want to undermine this hated system over there that's really going to take over the world unless we stop them. And they are on the march globally and they are going to take over the world and it will cost billions of lives if China succeeds in its mission. The main obstacle to China taking over the world is the United States.
So, they're doing everything they can to weaken and undermine the United States. But this report is so critically important, the intelligence bureaucrats, again, they'll I suspect that they will try to use a classification saying that oh, we can't reveal what we know. They know they have the goods on this. They have electronic intercepts which show where this money, where these funds are going. How do they do it? They do it through cutouts, basically relatives, wives. offspring, uncles, aunts. So, they do it indirectly and that's the way they can say, well, this is this, this $5 million over here for this building that's owned by my brother-in-law or my sister-in-law. It's the classic case of how they do corruption over there.
Steve Bannon
Is there any concern of yours and by the way, we're we'll go to break in a couple of minutes, I'll get Doctor Thayer in on the other side to talk about the CRS of it. Is there any concern of yours that one of the reasons, because you just said it, they're slow walking this. They don't want to put this report out. They certainly don't want it to get out publicly, they're going to put it behind if they even do it at all, which they're having to be forced to do it now, even though it's statutory, they'll be forced to do this and they'll use classification so that only a very few select group of people like the intelligence committees in the House and the Senate can see it.
Is it your concern that one of the reasons they are obviously blocking this, our intelligence community. That when you see the wealth of the families of the Chinese Communist Party, you see how they've money laundered it into the West? That you'll have to ask the question, how much is flow, how much has flowed through Washington, DC? How many of our guys are actually on the payroll when you look where the cash went, how much have the financial community in New York City on Wall Street benefited? How much has the tech community? I mean Hollywood, if you look at all the institutions that every day they carry the water for these dictators. If you did this report, you have to ask the question, hey, I know that the sources of funds are Lau Beijing China and the Chinese people, but the uses of fund are not just to make them rich but to perpetuate their dictatorships. Do you think it's one of the reasons being slow walked?
Bill Gertz
Really, that's probably the case as with the COVID cover up. You know they tried to cover up the US involvement in supporting gain of function research. There's no question that the Chinese have pumped billions into American politicians and businessmen to get their way done. And this was all based on the disastrous engagement policy for 40 years.
For 40 years I've covered this going back many, many decades where they said China is not a threat, just go ahead and do business. If we just trade with them, if we just engage with them, they will have the trade and finance we’ll have a moderating effect and will lead to political reform. It was an utter failure. We've created a monster in communist China today, where we, the West, has been successful in building up this enemy, which is trying to take over the world and completely replace the free and open democratic system that has brought about the greatest prosperity in modern history.
And they're going to take that over unless we stop them. And so, there's no question that the corruption and the hidden wealth comes is involved in US investments. So we need to find out what the Chinese Communist Party leaders, that is, Xi Jinping himself also the top of the Standing committee of the Politburo. That's the seven-member dictatorship that runs China. Then the 205-member Politburo all of these people are massively corrupt and have squirreled away hundreds of millions in hidden wealth probably a lot of it in the US.
Steve Bannon
We're going to bring you back. Short commercial break. Jim Rickards and Rikards is no gold bug. Rickards, though, wrote a following book from Ron Paul, who saw wrote in the 80s during President Reagan's. He thought Reagan was going to the goal standard, saying he didn't. Ron Paul wrote a book called, The Case for Gold, and Jim Rickards has written one called, The New Case for Gold. You get it free by getting Strategic Intelligence. That's his monthly newsletter. I know you guys love him coming on the show. So, what you should do is just go to Rickards. That's with an S Rickards warroom.com. Sign up today. Rickards warroom.com for Strategic Intelligence.
Bill Gertz, you've been doing this for many, many decades now. I think we're getting down to the good part, to really expose the Chinese Communist Party. Once Xi, Wang Qishan, the princelings, all of it for what they've done to the Chinese people and what they're using that cash that they've stolen to fund this, really this chaos throughout the world. How do people get to your podcast? You got a podcast. You're the columnist over at the Times. You're the number one. What I call China hand. Where do people go to get your content?
Bill Gertz
I have a podcast called Victory over Communism that examines Chinese Communist ideology and American Marxist ideology and offers a counter proposal based on Judeo-Christian principles. My website is the Gertzfile.com, and this forthcoming DNI report on Chinese corruption and hidden wealth is the most important report. It will be a public report. It's required in law. Congress needs to maintain pressure on the intelligence community, even if required to cut off funding until they produce this report, because it will undermine the credibility and expose the utter corruption and despicable activities of the Chinese Communist Party.
Steve Bannon
And maybe their 5th column here in the United States of America, just saying. I think this is why it's such a tough thing to get the intelligence community to do it. Bill Gertz, social media Bill Gertz, where do they go.
Bill Gertz
@Bill Gertz. I'm on all the platforms. I can tell you that this story has been attacked by the Chinese trolls on there. So, you can tell when you're over the target you're taking flax. So, it's clear that this is a really important story that Beijing is trying to cover up.
Steve Bannon
Bill Gertz, you're a hero, a patriot and a hero. Thank you, sir
Bill Gertz
thank you.