Bannon`s War Room Episode 5084: Live From Davos Cont; Leading The World Economy
Jan 21, 2026
Jason Trennert, a Wall Street strategist, discusses the surge in gold due to central bank purchases and worries over national debt. He argues that the U.S. can manage its debt through supply-side reforms. Ben Burkham reports live from the SHOT Show, sharing insights on gun culture and Second Amendment rights while discussing the morale of ICE operations related to immigration enforcement. The conversation also touches on Trump's impactful speech at Davos, critiquing globalist views on sovereignty and immigration.
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Central Banks Doubling Down On Gold
- Central banks are buying gold as a hedge against weakening fiat currencies and geopolitical risk.
- Jason Trennert says gold rallies versus all fiat currencies as institutions diversify away from paper assets.
Gold Reflects Geopolitical Realignment
- Trennert links gold demand to a realignment of the world order and loss of confidence in the G7 stewardship.
- Institutional investors underweight hedges are pushing large, meaningful allocations into hard assets and alternatives.
Brexit And Trump: Davos Missed The Shift
- Nigel Farage recounts Brexit and Trump as seismic, durable political shifts that the Davos crowd dismissed.
- He praises Trump's economic and NATO pressure outcomes while joking about buying call options on the Dow.