Episode 5561: Bailing Out Japan; Mainstream Meltdown Over RFK Jr.

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Bannon`s War Room 54 min 7 speakers 4 chapters transcribed 1 month ago

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Why did President Trump claim he halted strikes after a reported Iran deal?

Wall Street Journal editorial 0:00

Trump once again this weekend said he canceled a planned attack against that country, citing as he so often does, he claims an emerging deal. Trump posted to True Social late Saturday night that the potential deal would, quote, include the immediate, complete and total opening of the Hormuz Strait and an end to Iran's nuclear threat. Now, Iran's foreign ministry has said this morning that Tehran is not currently holding talks with the U.S. Oh, we're doing it again. Over the course of the five-month-long war, the president has threatened to escalate attacks on Iran, only to then walk back those threats. He's done that at least nine times by our count. Trump's latest move to cancel strikes followed a phone call with Saudi's crown prince, Mohammed bin Salman, MBS, who raised concerns about the U.S.

Wall Street Journal editorial 0:47

potentially escalating the conflict with Tehran. That's according to the AP. Here's what President Trump told reporters last night aboard Air Force One.

Jim Rickards 1:01

I was asked to by Saudi Arabia, by UAE, and by Qatar, and by Iran. We were all set to go just about at this time right now, and it would have been a massive attack. We were all set to go, but when the allies asked to call it off, they got us sort of saying, well, we'll see. And the reason they asked is I think there's a deal. There's a deal on hormones, and then there will be a deal on the nuclear, or you might call it the denuclearization of Iran. Now what we're doing is we're talking to them in the form of a negotiation. It begins tomorrow afternoon, and we'll see if it's true. I'd love to do that, save a lot of lives, save a lot of lives.

David French 1:48

unnecessary power. Trump has lost control of this war. I don't think that when he walked into it, he expected it would be spreading across the region the way that it has. He's said as much. I don't think that this is what he wants, to have the Houthis have entered the conflict, to begin to try to control the Red Sea. Already in the region, it's expanded beyond Trump's control and beyond Trump's reach. And then you have these other really ominous developments. You've had The Ukrainian strike on an Iranian boat that Ukraine claims was transporting weapons and other related war material between Iran and Russia. You've had information and evidence that Russia is helping Iran target U.S. bases, making Iranian strikes more comprehensive.

David French 2:35

At the same time, Russia continues to be undeterred, even though it's taking massive battlefield losses. You recently had a Russian missile landing in a Polish field. which this is there have been drones that have crossed into poland first missile from russia that we know of this crossed into polish uh airspace impacting in poland just again and again and again you're seeing china supply missiles to iran reportedly this war is not in his control and right now Every combatant in every one of the major world conflicts is escalating. And so this is a situation I wanted people to begin to try to move their eyes just from focusing in on the in and outs of each ceasefire or false ceasefire or each deal or each fake deal.

David French 3:22

and instead take a bigger broader view these two conflicts to some degree are merging and they're expanding and this is extraordinarily dangerous in which of our world leaders which of our world leaders is serious about trying to reach a resolution i don't see anyone quite yet mr president why is the u.s intervening to support the japan yen at this time to support the japanese currency

Jim Rickards 3:50

because we have a good relationship with Japan. We're very strong, very, very strong financially. They have a weakening yen, and they wanted a little bit of help, and we're always there for Japan. Japan's been very good to us, with the exception, of course, of Pearl Harbor.

Unknown 4:09

What is the U.S. getting out of that arrangement? Financial benefit.

Jim Rickards 4:15

Financial benefit. It's also good for the world economy. But we make, like when we did with Argentina, I got criticized. We made $25 billion on that deal. On Venezuela, we make hundreds of billions of dollars. I make good deals.