Episode 5084: Live From Davos Cont; Leading The World Economy
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What is the primal scream of a dying regime?
This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. I got a free shot on all these networks lying about the people. The people have had a belly full of it. I know you don't like hearing that. I know you've tried to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
And where do people like that go to share the big lie?
How does the media shape public perception?
Mega media. I wish in my soul, I wish that any of these people had a conscience.
Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
What is the significance of President Trump's second term?
War Room. Here's your host, Stephen K. Bann. Wednesday, 21 January, year of the Lord, 2026. This is the first day. This is day one of President Trump's second year of his second term. And it's already been a blockbuster. I want to go to Jason Trennert. Jason, thank you from Strategist. You're one of the most revered contributors we have, you and Scott Besson. We did 30 Minutes with the Secretary of Treasury yesterday from Davos. And I asked you to come on as a follow-up. because you are known on Wall Street as being not just a smart guy, but a safe pair of hands and a thoughtful guy. Can you answer me the question? Because, you know, Besson's not a gold bug. Philip Patrick, who runs Birch Gold, is not a gold bug.
Steve Bannon is not. I know you're not. Why is gold approaching $5,000 an ounce and silver almost $100 an ounce, sir?
Well, Steve, thank you so much for having me on. I will say I want to correct you on two things. One is I'm not in Scott Besson's league. And second, I have to say I am a little bit of a gold bug to the extent to which I'm long gold, my personal accounts. And we've been long gold in our ETFs. SAMT, Strategas Macrothematic Opportunities Fund, which has as its base, one of its themes is de-globalization. Gold is going up.
No, but hang on a second. Hold on, hold on, hold on. I just want to say this because Scott is too. I am obviously, this is why we took them on as a sponsor when gold was $1,100 an ounce because we saw what was happening in the world economy. My point is back in the 80s and 90s, you're not one of those guys because I knew guys that were gold bugs back then that were like fanatics. And it turns out they may be right and the investment banker crowd might have been wrong. And now you're seeing it. Go ahead, sir.
yeah no i'm trust me i'm you know i've built my entire career out of paper you know out of uh financial assets as opposed to hard assets so i'm a big believer uh in that obviously but i do think there are times when gold comes in handy and i think this is one of those times because the US has absolutely, in my opinion, there's no chance of the US losing its reserve currency status. So put that aside. I do think, though, because of a variety of reasons, one is just the accumulation of debt in the United States and other fiat currencies that people want to hedge against paper, against debt with a hard asset like gold. So I think that's one reason. A second reason is, and I have no sympathy for these guys, but there's a lot of bad guys and oligarchs that looked at what happened to their own
holdings after Russia, Ukraine, in which the US largely seized their assets or made it very difficult for them to transact business. And people are a little bit worried about that. And so central banks, some of the bad guys, want to diversify their holdings out of dollars and into other other currencies or gold. All currencies, by the way, are rallying versus gold. Excuse me, they're decreasing versus gold. Gold is rallying versus all fiat currencies. So it's not just a US problem, it's a widespread issue.
It's one thing for, you know, because we've been talking about this and teaching the end of the dollar empire and teaching about gold as a hedge for 5000 years. It's one thing for retail investors is one thing for people to come on and promote gold. It's another thing with central banks. Why are central banks and not bag it? Why are central banks throughout the world?
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Chapters
7 chapters
1
What is the primal scream of a dying regime?
0:02–0:27
2
How does the media shape public perception?
0:27–0:44
3
What is the significance of President Trump's second term?
0:44–8:35
4
Why is gold approaching $5,000 an ounce?
8:35–19:59
5
What factors are driving central banks to buy gold?
19:59–30:45
6
How does President Trump plan to address the U.S. debt crisis?
30:45–36:50
7
What insights does Nigel Farage provide from the streets of Davos?
36:50–57:32
Speakers
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