We re two weeks into the siege of the city of Ottawa, and it s clear that the situation is worse than anyone could have ever imagined. This is no longer a protest, it s an act of civil disobedience. The actions of the protesters are exactly the stuff you saw in the Warsaw Pact.
00:02:04.340This weekend, you are going to see the final showdown between the forces of freedom and these truckers and the tyrants, not just in Canada, but around the world.
00:07:37.740The original motto of the United States was not e pluribus unum.
00:07:43.200What did Benjamin Franklin want and Jefferson wanted?
00:07:46.060Rebellion to tyrants is obedience to God.
00:07:49.800Rebellion to tyrants is obedience to God.
00:07:53.000Well, of course, you've heard the news and it isn't really news if you've been shopping anywhere in the last couple of weeks, the last couple of months.
00:08:03.180If you're going to fill up your gas at the gas tank, Biden inflation is absolutely and completely out of control.
00:08:10.180We are now experiencing within the United States the highest inflation since President Reagan took office, period.
00:08:43.920You've increased the dollar supply in this country.
00:08:48.340And we've talked about the Cantillon effect.
00:08:50.300We've talked about the idea that it's the people closest to the money printer who benefit when there is inflation from money printing and the people at the other end that have to pay for it.
00:09:06.200Ron Paul, Congressman Ron Paul, Dr. Ron Paul once said, inflation is the most evil of taxes.
00:09:13.780Because it's a slow tax, it is a regressive tax, and it's one that most of the time, because it doesn't shoot up this much, people don't even realize that it's happening.
00:09:24.060By the way, the Cantillon effect, I actually looked up on this from Matt Stoller's substack recently.
00:09:29.700It's a pretty cool story of how that came about.
00:09:32.320So Richard Cantillon was this French economist in the 1700s.
00:09:38.100And what he was focused on was when the kingdom of France would discover a new gold mine.
00:09:44.120He noticed that the people that were able to exploit the gold mine, so the nobles of that area, and of course the friends of the king, were the ones that would always benefit the most.
00:09:53.060But as that new gold, because they would get the gold, then they would start spending it.
00:09:56.500And as that new gold spread out into society, prices all jumped up.
00:10:01.440So it was really good if you were a friend of the king, but it was really bad for everybody else.
00:10:07.500That's the same exact thing that's going on.
00:10:10.080Instead of, because we're not at the gold standard anymore, it's not about how much gold you find, it's about how much money you're printing.
00:10:17.000Because gold, obviously, there's scarcity in that.
00:10:19.920But if it's just money printing, or excuse me, quantitative easing, adding to the balance sheet of the Fed, yeah, whatever.
00:11:50.040If your wages aren't going up higher than inflation, you're losing money.
00:11:55.660If you're not getting a raise to keep up with inflation, then guess what?
00:11:59.560You are now losing money every time you get paid.
00:12:02.540You're actually getting paid less this week than you were last week.
00:12:06.560You're getting paid less this year than you were last year if you're making the same amount.
00:12:10.860And that money that's in your bank account, well, guess what?
00:12:12.980If you haven't diversified it, if you hadn't gotten into crypto, if you haven't gotten into precious metals, if you're not in the market, real estate, the various ways to diversify your holdings, if you have that all in cash, guess what?
00:12:37.160So we had the exact same situation back in the 1970s, right, where you had stagflation.
00:12:42.080High unemployment, right, high inflation, driven also, by the way, by high oil prices.
00:12:50.400That was the oil crisis that resulted in what's known as the great inflation.
00:12:55.680So the great inflation was from the 1970s, even higher inflation than we do now.
00:13:00.940And so 1982, the reason we use that as the benchmark that we've just reached, by the way, we've just reached 1982, but we're on the way up.
00:13:07.7201982 was on the way down from the great inflation.
00:13:11.980So the question remains, how much higher are we going to do?
00:13:15.940Are we actually going to see 1970s-style inflation?
00:13:20.340We only got a little bit further to go.
00:13:22.540But in the 1970s, it actually peaked right around 1979, 1980 at 15%.
00:13:28.720So that was even double the inflation that we're seeing right now.
00:13:32.400But unfortunately, if you look at the trajectory we're on, it looks like this isn't going to taper off, and we're going to see that spike continue.
00:13:41.420So if they continue printing money, if they don't raise interest rates, you are going to see, I guarantee you, you're going to see 1970s-style inflation, 1970s-style gas prices, and you're probably going to see rationing again.
00:14:03.900If you live on the East Coast, for myself here in Washington, D.C., the regime-occupied national capital region, it looks like we are going to get snow from that Sunday night into Monday.
00:14:15.100So what do you do when the winter storms are coming and it's Valentine's Day?
00:14:19.340Of course, you go to mypillow.com backslash pozo.
00:14:22.860So you go right there and you find everything for the special lady in your life, whether it's the slippers, whether it's the sheets, whether it's the luxurious pillows, the body pillows, guys.
00:15:00.980Fell 60% in the first month under the new limits after the law was signed last year.
00:15:06.860Now, you remember when they said that we couldn't legislate morality, where they said,
00:15:10.280Oh, no, no, no, no, no, no, you can't put on all these laws, and people are going to do what they're going to do, and people don't respond to incentives and restrictions.
00:15:19.060And it looks like, yes, yes, the law works, because of course it worked.
00:15:23.260So let's go back to Governor Greg Abbott and listen to him and what he said when he signed this law.
00:15:28.360Today, I'm proud to be here to sign the Texas Born Alive Act.
00:15:32.940This law defends the sanctity of life and creates civil and criminal penalties for infanticide in Texas.
00:15:41.900It provides a baby who survives an abortion the full protection of law in Texas.
00:15:49.060It also ensures that the baby receives appropriate medical care.
00:15:53.500I want to thank Representative Leach and Senator Kolkhorst for their authorship of this, as well as this incredible team of Texas House and Senate members who worked tirelessly to make sure this bill got to my desk and became law in Texas.
00:16:09.920The Born Alive Act is now law in Texas.
00:16:24.720Figures were released this month by the Texas Health and Human Services Commission.
00:16:28.860The nearly 2,200 abortions reported by Texas providers in September came after a new law took effect that bans the procedure once cardiac activity is detected.
00:16:39.920Now, abortion, usually around six weeks of pregnancy and without exceptions in case of rape or insects.
00:16:45.340In August, there were more than 5,400 abortions statewide.
00:16:50.660State health officials said more data will be released on a monthly basis.
00:16:54.260So abortions fell from 5,400 to 2,200 in the state of Texas.
00:17:17.320Some patients, it says, will, patients, right?
00:17:20.060People who want to get an abortion will travel hundreds of miles to clinics in neighboring states or farther, causing a backlog of appointments in areas.
00:17:27.280And, of course, Planned Parenthood is very, very upset about this because they want to be able to kill children.
00:17:34.600But remember, under the law, any private citizen is entitled to collect a $10,000 or more if they bring a successful lawsuit against someone who performed or helped a woman obtain an abortion after the limit, which opponents have condemned as a bounty.
00:17:50.460However, no pro-life supporters at this point have yet to file any suit.
00:17:55.820So just the threat of this under the new law was enough to reduce it by 60%.
00:18:01.060Ladies and gentlemen, Texas has shown us the way yet again, right?
00:19:31.100As for our bilateral relations, they're developing in a linear way, with the spirit of friendship and strategic partnership, and have reached an unprecedented level.
00:19:41.500They're an example of upstanding relations which help both sides to develop and support each other at the same time.
00:19:51.240You've noticed already we have 140 billion U.S. dollars.
00:19:58.300It's a steadfast advance on our mutual goal of 200 billion U.S. dollar trade turnover.
00:20:08.220Our oil producers prepared a very good solution on hydrocarbon supplies to China for today's meeting.
00:20:14.480And we made another step forward in the gas sector.
00:20:23.100I mean the new deal to supply China with 10 billion cubic meters of natural gas from the Far East.
00:20:29.620Gazprom is selling an additional 10 billion barrels of gas to China.
00:20:35.220Russia already sells pipeline gas and LNG to China.
00:20:37.720The flows in the new pipeline will be within three years under this deal.
00:20:41.820Now, Gazprom, which has a monopoly on Russian gas exports by pipeline, agreed to supply Chinese state energy major corporation CNPC with 10 billion cubic meters of gas a year, the Russian firm and a Beijing-based firm said.
00:20:55.520First flows through the pipeline, which will connect Russia's Far East with Northeast China, were due in two to three years.
00:21:01.680Now, we're talking essentially about Siberia.
00:21:03.580We've also seen areas of connection where Russia is trying to – they already have the Power of Siberia 1 pipeline, which travels from the Russian Far East in Siberia down through Vladivostok and then into China, into the Beijing area.
00:21:18.380But we're also going to see Power of Siberia 2, which is going to be a pipeline that Russia is constructing, an oil pipeline across Mongolia that will connect the eastern Russian infrastructure with the western Russian infrastructure.
00:21:31.300Russia's strategic national resource and their strategic comparative advantage is always going to be natural gas and oil.
00:21:40.380However, Russia and China have not actually signed any specific military alliance.
00:21:47.000They haven't really joined their two countries together in the same way that a lot of western analysts have claimed.
00:21:53.980And there's a reason for that because when you look – you really look at the situation, Russia and China are actually geostrategic rivals in just as many areas as they are cooperators, as they are friends, right?
00:22:10.220So it makes sense for them to do this economically because China does not have the resources.
00:22:17.600But when you look to areas like Central Asia, like the Middle East, like the Russian Far East, which many Chinese nationalists claim should be theirs.
00:22:26.180They want to retake Vladivostok, even though it's never really theirs to begin with.