MAR 15 2022 - WAR IN UKRAINE - DAY 20 UPDATE
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Summary
A Ground update from ISW on the situation in Ukraine, a report from the Institute for the Study of War on the encirclement around Kharkiv, and China is imposing new lockdowns in Shenzhen and Hong Kong.
Transcript
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Ladies and gentlemen, welcome aboard. Today's edition of Turning Point USA Human Events Daily.
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Today's top stories. First, a ground update in Ukraine as the war there enters day 20. Believe
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it or not, we are almost three weeks into this thing. Next, an update. What's going on in the
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oil markets? What's going on abroad from India to Venezuela and Iran? Of course, we're going to
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talk about this deal where the talks are. Third, the EEU and China are talking about developing a
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draft international financial system as a parallel to the SWIFT system. No one else is talking about
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this. We'll give you the information. And finally, China is imposing new lockdowns amid a COVID surge
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in southern China to include Shenzhen and Hong Kong. All this is more ahead, Human Events Daily.
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What's the end game? Well, the end game is really a question for President Putin.
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We have we have completely crushed his economy. We have provided military assistance, humanitarian
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assistance to the Ukrainians, enabling them to fight back for far longer than the Russian leadership
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anticipated. And again, he has to he has to determine what the path forward looks for like
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for him. Thanks, everyone. The war in Ukraine day 20 update. What's going on on the ground? What is
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ground truth? We'll give this to you again. This comes from the Institute for the Study of War. The
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encirclement of Kiev is nearing completion. We're also seeing now videos of the Chechens led by Ramzan
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Kadyrov. They are headed as well into there as well as elements of the Wagner Group, which is essentially
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Russia's Russia's black border. They're private military contractors, the mercenary group that works
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directly for the state. From ISW, Russian forces conducted limited attacks northwest of Kiev. They
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attempted to bridge the European River. They did not conduct defensive operations east of Kiev and
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continue to prioritize improving logistics and reinforcing combat units. They're strengthening
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their lines as the encirclement continues. And they're really putting Kiev into the siege type of
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situation. The continued ability of Ukrainian forces to carry out counterattacks around Kharkiv indicates
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that Russian forces are unlikely to successfully bypass the city from the south. So it looks like
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Russian forces are still fighting within that city of Kharkiv. Russian proktyom forces continue to
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achieve a territorial gains in Donetsk oblast after the initial week. Ukrainian forces also halted resumed
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Russian attacks from Kherson towards Nikolaev and Kriviri on March 14th. Russia will likely deploy small
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units of Syrian fighters to Ukraine within the week as confirmed to have deployed, as I mentioned before,
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the private military forces. A lot of these Syrian fighters, by the way, that have been agreeing to
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come up to Ukraine to fight for Russia, they're actually Christian fighters that are coming up to
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support because they are pledging support for Russia in response and as essentially a way to pay them
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back for helping them to defeat ISIS and fight Al Qaeda out of their lands in Idlib, in places like
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Aleppo in Syria. And so there's a lot of very complicated issues there. In fact, I was actually
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just watching the news this morning, you know, scrolling through Telegram channels. When I say
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watching the news, you know, I do it a little bit differently than my dad does. You know, I'm looking
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at Telegram, I'm looking at what's going on in language, we're going to various Twitter lists that I have
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built out. And there was a huge rally that was actually held right in downtown Damascus for,
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you know, a sort of a pro-Russia, pro-Syria rally that was held, lots of flags, you know, pictures of
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Assad, pictures of Putin. So people need to understand that this is not seen as unpopular in some parts
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of the world. And there are people that want to come in. Why? Because this administration and this
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president, a long succession of these presidents, right, neoliberals and neoconservatives, they've
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united the world, in a sense. They've united the world against the United States. They've united the
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world against us. They did promise to unite the world. But they're doing so in a way where we're
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the bad guy. We are, quote unquote, the evil empire in their eyes. And they're the ones who are picking
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away now at the scraps. They are the ones that see us as overextended. They see us as heavily in debt.
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They see us as weak, certainly with this president at the helm. They see us as weak. That's why you're
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seeing places like Iran kick off right now. That's why you're seeing these massive cyber attacks on
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Israel. The attack on what we're told was next to the U.S. consulate in Erbil in northern Iraq
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from northern area of Fatah 110 ballistic missiles out of Iran. Understand we're in a very dangerous
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time right now in our country. And there was this narrative that was being pushed by U.S. officials
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saying that Russia needed military equipment from China, yet China and Russia both denied this thing.
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So believe it when I see it. Like anything else that comes out of Ukraine, guys, I always say,
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give it the 24-hour rule. But understand, the situation for Ukraine and the government there is
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very dire. Zelensky and everybody else need to start to realize that the best way out of this is a
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diplomatic solution. Come to terms, immediate ceasefire. And certainly, by the way, as Tulsi Gabbard
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has stated, let's get a ceasefire around these bio-research facilities, laboratories, whatever you want to
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call them. I don't want to make semantic arguments. But let's get a ceasefire around them, bring in
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international investigators, and clean up whatever is there on the ground and keep people safe.
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So as I've said before, a lot of this comes down to energy politics and pipeline politics.
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What is going on in the world markets for energy? Now, you may have noticed there were a few headlines
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out there that the price of oil was actually dropping yesterday. Why did this happen? Why
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did this occur? We'll explain. The price of oil is based predominantly on the futures market.
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There's a lot more that goes into it than that, obviously. But what we're seeing right now
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isn't so much what the price of a barrel costs today in terms of the actual expenses of getting
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it out of the ground, getting it to market, shipping it, processing it, et cetera, et cetera.
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No, no, no. It's based on what people in the market, speculators, think it will be six months
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from now, eight months from now, 10 months from now, a year from now. Well, one of those speculations
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just came out yesterday because there's news of a report now. We talked about this last week
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about the Biden administration sending a team down to Caracas, Venezuela, to go talk to the
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gangsters of Caracas, the Maduro regime. And what does it say? And it's from Zero Hedge. We got the
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article. Oil drops a report that Chevron, of course, owned by Venezuela, to start trading Venezuelan oil
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and that the US will relax sanctions. Oil, which tumbled below $100 amid speculation that a Ukrainian
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ceasefire is imminent, even though it may not be, and that Chinese oil demand will collapse due to
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the Shenzhen lockdown, yet probably not again, dropped over a dollar moments ago when Reuters
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reported that a new source of oil may be about to emerge. Venezuela, which, like Russia, is currently
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sanctioned by the United States, but may not be for long. According to Reuters, who cited three people
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familiar with the situation, Chevron is preparing to take operational control of its joint ventures in
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Venezuela if Washington relaxes sanctions on Caracas to boost crude supplies after banning
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Russian oil imports. The United States oil major has begun assembling a trading team to market oil
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from Venezuela as a first step. And if U.S. approvals are received, Chevron aims to expand its role to the
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four joint ventures it shares with the state-run company PDVSA. The Biden administration, which is
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desperate to procure oil from any source, even Venezuela, if it means lower gas prices, has said that
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any new authorizations will depend on Maduro taking further political steps, such as releasing more
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jailed Americans, setting a firm date for negotiations, etc., etc. While the date has not been set for any
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authorization, Chevron has begun preparations for employees to get Venezuelan visas in Aruba ready
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to head to Caracas if the U.S. Treasury eases the restrictions. Now, these are the types of moves that you would
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expect to see if Venezuela is going to come back online for gas. That doesn't necessarily mean that the oil
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will be shipped to the United States. And Jen Psaki was saying that's probably not being talked about
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right now. I wouldn't be so sure about that. But it's also very similar to what they're trying to do
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with the Iran deal is they're trying to get more oil to the market from foreign countries. Why from
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foreign countries? Because they don't want the United States to be energy independent. Understand that energy
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independence is the opposite of the petrodollar system. For the petrodollar system to work, oil
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and gas need to be traded on the global market using the U.S. dollar as the reserve currency, using
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the U.S. dollar as your token of barter, your token of trade. As long as those transactions are being done
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in the U.S. dollar, there will always be a demand internationally for the U.S. dollar, and that will keep
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the value of the dollar up. Therefore, you can't have one or the other, right? You either have a strong U.S. dollar
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because of the system that we've set up, or you can have a strong energy independence. They're actually
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in tension with one another. And that's something that I think a lot of people don't quite understand,
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that we have this financial system that is completely at odds with U.S. energy independence. We talked about this
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a little bit last week, but the way to understand it is, yes, the U.S. dollar is no longer backed by gold,
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but in many ways, right? Even though it's not direct and certainly not stated, the U.S. dollar
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is backed by oil as long as foreign transactions are being made in U.S. dollars. Of course, nobody
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explains this to you. Nobody ever tells you that's how the system works. But since we're talking about
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oil and we're talking about the energy markets and how this is so important, a new deal also might be
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signed between Russia and India. Today, the West is trying to chastise the world's largest democracy,
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India, and sermonizing that this is the stand India should take, and that is the stand India should
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take. And I'd like to tell you, we have taken a stand. We are not going to fight a battle with Russia.
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That is a Western creation. This is a creation of the West. We are abstaining. We did not cause this war,
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we did not cause this war, and we will look out for ourselves. Now, India, of course, has been doing
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their best to balance out the situation. Remember, India is a major trading ally of Russia, right? Again,
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they're also part of this Eurasian landmass, right? That's your Southern Asia. So India's major
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adversary is China. However, China and Russia are partners on many, many things. So what's Russia
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trying to do? They're trying to balance out India and China. Russia also knows that if they want to
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keep China at bay, a strong India is a great way to do that. So India is considering, as from thehill.com,
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considering a Russian offer to buy crude and other commodities at discount prices a week after the
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U.S. banned all Russian energy imports. India is the world's third largest oil consumer importer of
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one of the few countries not to condemn Moscow's invasion of Ukraine. Currently imports 80% of its
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oil, but only about 2% to 3% from Russia. Understand, ladies and gentlemen, the parallel economy is being
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built, and it's being built around the United States and without it. So we just got out of the bomb
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cyclone this past weekend, right? I was up in Pennsylvania with the kids. We had the bomb
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cyclone. This thing was horrendous. We talked about it yesterday, but we were so happy that we were
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you support our advertisers. That keeps the lights on. That keeps us in business. That keeps us able
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to give you this news every day. And we really appreciate it. So thank you again for the Buy My
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Heart. Now, going into this next story, nobody is going to be talking about this one today.
00:16:27.960
We're going to talk about it. The EU and China are working together to draft an independent monetary
00:16:37.040
and financial system. And it's amazing because the only place that, and I actually, the team spent
00:16:43.260
all last night trying to dig in this story. We only were able to find sources on it out of Kazakhstan.
00:16:48.960
Kazakhstan, of course, is part of the EU, this Eurasian Economic Union, which is basically an
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answer to the European Union, certainly not as strong as the European Union, but it is an economic
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block that's been built as a response to the EU. And certainly, one of the end game goals,
00:17:07.880
one of the end goals for the war in Ukraine is probably that Russia will argue that Ukraine
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should be part of this EU. And so I want you guys to understand, we're not just going to give you
00:17:19.320
the information of what's happening on the ground today. We're going to talk to you about what's going
00:17:22.900
to happen in three weeks. We're going to talk to you about what's going to happen in three months,
00:17:26.260
perhaps even in three years. The Eurasian Economic Union and China are working together to develop
00:17:34.380
a draft of an independent international monetary and financial system. The Eurasian Economic
00:17:41.760
Commission reported that the system will presumably be based on a new international currency, which will
00:17:49.340
be taken as an index of the national currencies of the member countries and the prices of exchange-traded
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commodities. The first step is expected to be presented for discussion by the end of March. This is coming
00:18:00.420
up very, very fast. Let's see, Sergei Gazelayev says, who is the minister in charge of integration and
00:18:08.880
macroeconomics, stated that given the common challenges and risks associated with the global economic slowdown,
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the restrictive measures against the EU and Chinese states, our country should step up practical
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cooperation, both at the level of regular export dialogues and in form of joint measures and
00:18:25.960
projects. Understand where this is going. Understand how to put your financial well-being ahead of all of
00:18:34.560
this. That's where we're going with. You have to have your family set up right. We have to have our
00:18:38.280
country set up right. They are taking steps to integrate, whether you want to call it the global
00:18:44.240
south, whether you want to call it the east, right? They are creating a parallel economy and it is now
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being backstopped and underwritten completely by China. And Russia wants to bring Ukraine along with
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them into this new, you can't really call it a global order because it does, it certainly is
00:19:06.260
international, but it's not global because it is separate from the Davos, London, Wall Street,
00:19:15.100
Washington, DC axis. This is a new power structure, a new global financial market that they're setting
00:19:23.240
up outside of the Swiss system. So One Belt, One Road, the Belt and Road Initiative, the BRICS nations,
00:19:29.840
Brazil, Russia, India, China, South Africa, they have been talking about this for years and understand
00:19:36.160
by the way, and we talked about it yesterday, the role of central bank, digital currency and crypto
00:19:41.060
is going to play in all of this. They have commodities. We need to be smart and start
00:19:47.700
developing our own commodities and our own resources if we are going to play in this new world, because
00:19:53.860
that's the problem with all of this. These other countries, all these people, Xi, Putin, the rest of
00:19:58.900
them, they play to win. Us, all we do is play. Folks, you need to understand what point in the movie you are in.
00:20:15.720
Throughout the more than two years of fighting the epidemic, the Hong Kong SAR government has put in
00:20:22.960
all the necessary resources and efforts in order to keep Hong Kong people safe, and we did achieve
00:20:30.060
that objective of keeping Hong Kong people safe until we were hard hit by the fifth wave arisen from a
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highly transmissible Omicron. The most saddening part of it is vaccination. We have spent over one year
00:20:46.420
to promote, to encourage, to coerce people to take the jab, but unfortunately, the entire society,
00:20:54.820
partly because of the low infection rate in the last year or so, and partly because of anxiety and
00:21:02.920
worries and so on, that we have not achieved this high rate of vaccination, especially amongst the
00:21:11.060
elderly, particularly amongst elderly in elderly homes. Well, down in Hong Kong and Shenzhen and other
00:21:18.880
parts of southern China, the Pearl River Delta, massive lockdowns, restrictions are going in place
00:21:26.860
because a new wave of COVID is sweeping through there. That's kind of interesting because I thought
00:21:32.400
that COVID had pretty much been over. We also know that in Hong Kong and some of these areas,
00:21:37.500
that it wasn't as strong as earlier reported, at least back in 2020, or at least in terms of what
00:21:44.260
the CCP was willing to tell us. We've all got, we've got this out of, you could see it, ABC, NBC,
00:21:49.660
they've all got it, right? China's facing its worst COVID crisis since early 2020, when the world first
00:21:54.340
witnessed entire population lockdown in Wuhan, surrounding provinces, two years on. It's now
00:21:59.660
sending tens of millions of people into lockdown in the entire north, as well as the northeastern
00:22:04.460
province of Jilin and the southern cities of Shenzhen and Dongguan, with 17.5 million and 10 million
00:22:11.580
respectively. You're talking about 15 billion plus people. Also in Hong Kong, we've got out of the
00:22:16.980
Hong Kong Free Press, Hong Kong's COVID-19 death toll exceeds Wuhan's as mainland Chinese medics to
00:22:23.040
arrive on Monday in a press briefing. And we just heard from Chief Executive Carrie Lam, her
00:22:26.800
administration put in all necessary resources to keep the population safe, and is blaming, of course,
00:22:31.660
the low vaccination rate. So what is actually going on in Hong Kong? What's going on on the ground
00:22:38.380
there? Is this a new variant? Or is this something else that's going on? Now, obviously, the CCP are the
00:22:48.980
people who, from the very start, didn't tell us the truth about what was going on in Wuhan. That's
00:22:56.380
number one. Number two, they told us that those gain-of-function experiments that were going on in
00:23:02.920
the Wuhan lab were being done so that we would have a potential preset strategy to be able to deal
00:23:10.980
with any of these things that broke out. Yet it broke out in Wuhan. Now it's breaking out in Hong Kong.
00:23:16.720
It's streaking across, burning across Shenzhen, Jilin, Dongguan. City after city is being struck down.
00:23:25.220
And you've got millions of Chinese people now, the Lao Baijing of China, that are directly affected
00:23:31.700
by this, by the feckless leadership that doesn't care about the little people, that doesn't care about
00:23:39.960
the people that are caught up in all of this. Whether it be these bio labs that we're talking about here
00:23:45.860
in China, bio labs and other places, you have this shady research going on, and then it ends up with
00:23:52.640
people getting hurt on the back end. And when they get hurt, you've got nothing for them.
00:23:59.260
So we have to understand what's happening in Hong Kong. We have to understand what's happening in
00:24:03.640
Shenzhen. This is one of the most heavily populated and densely populated areas of the entire world.
00:24:10.540
And that is all the time we have today for Human Events Daily. Remember our oath, our promise,
00:24:18.700
our solemn vow to you. Be good, be brief, be gone. What did we talk about today? We gave you the update
00:24:22.840
day 20, what's happening on the ground, the encirclement of Kiev and other cities.
00:24:27.600
Next, we talked about all of the happenings and machinations of the global oil market and
00:24:32.920
this new parallel economy that's being built between the Eurasian nations, India, China,
00:24:39.240
and elsewhere. And then finally, we talked about these new lockdowns and restrictions going on
00:24:43.260
across Southern China, Northeast China, and in Hong Kong. But before we go, it's time for today's
00:24:49.420
history break. Today, of course, March 15th, the assassination of Julius Caesar, the Ides of March.
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You know, I've seen people saying, hey, let's go assassinate Putin. Yeah. How did that work out
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for Rome? The Republic fell and it turned into an empire. You don't know what you're going to get
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next. Ladies and gentlemen, as always, you have my permission to lay ashore.