The Obama Clapper Intel Community Turns on Biden
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Summary
The man from Scranton is the right person to take on the man from Mar-a-Lago. Joe Biden has never had a day where he is able to argue that he s good at something. And now he s running for president.
Transcript
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This is what happens when the fourth turning meets fifth generation warfare.
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A commentator, international social media sensation, and former Navy intelligence veteran.
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This is Human Events with your host, Jack Poso.
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The man from Scranton is the right person to take on the man from Mar-a-Lago.
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I think this is the contrast we want in this race.
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I think it's a contrast that's going to nurture Joe Biden's benefit.
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The reality about polling numbers for incumbent presidents and the real history of that versus
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what President Biden said, which was not actually factually accurate as far as I can tell, that's
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worrying because it makes me worry that the president is being given information about
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his political standing that may not be based in reality, that may be sunnier than is real.
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What concerns do you have about Vice President Harris's ability to beat Donald Trump if she
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Look, I wouldn't have picked Vice President Trump to be Vice President,
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but I think she was not qualified to be president.
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If you're standing up, if you're a Democrat right now and you're standing up and you're saying
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that Joe Biden is not fit to run for office and therefore should not be in office in January,
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you're saying he's also not fit to be president right now.
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Is this the same Joe Biden that we saw two years ago?
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I looked at the press conference last night and said, where are the black reporters?
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I mean, we're looking at all whites questioning Biden and black voters supposed to just get
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Don't forget, it was the stonewall of the black vote and then the Latino vote that put Biden
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in nomination. And for us to be out of these discussions, I think is offensive and elitist.
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There is no valid argument against the SAFE Act, Mr. President. None. The only reason to oppose
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this bill would exist if you needed illegal votes to win elections. Full stop. That's it.
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And now I want to hand it over to the president of Ukraine, who has as much courage as he has
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determination. Ladies and gentlemen, President Putin.
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Well, ladies and gentlemen, welcome aboard today's edition of Human Events Daily, live
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from Washington, D.C. Today is July 12, 2024. Anno Domini. Folks, we could see what's going
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on with Joe Biden. We saw that press conference last night. People were saying, oh, well, he
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didn't have any massive fumbles, any massive gaffes, you know, other than calling Zelensky,
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President Putin, other than calling Kamala Harris, President Trump. But the dirty little
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secret is this, folks. I'm just going to say it. It starts off with a few bad days here
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and a few bad days there. And then there comes a point where the bad days overtake the good.
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And then the good days never come back. Everyone in D.C. knows this. He's not getting better.
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And who's driving this? I'll tell you who's driving this. The Obama Clapper National Security
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Establishment is now training their guns on Joe Biden, the sitting president, the second sitting
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president that they've tried to throw out of office. Lieutenant Colonel Coney Schaefer joins
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us now. Tony, walk me through this idea that Clapper and those intel leave behinds from the
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Obama era, and then we'll hold you on for the next the next segment after this, are actually
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really getting really getting involved here. Well, I think it's very clear from the public
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pronouncements of both the Senate and House intelligence folks, the committee chairs who are
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now on board with dumping Biden. It's kind of clear the hand of the intelligence community is
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very active. Now, we've called it the deep state. I think it's very clear that you can see the outline
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of their shadowy, but definitive actions are in play here. I would argue Joe Biden has never had a good
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day. He's had a day where he is able to continue to do nefarious things, but I don't think he's had a
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good day. He's been essentially a corpse in office where all of the folks around him are running things.
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Janet Yellen is running the economy, which explains a lot. Tony Blinken is running national security with
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his his favorite Muppet Beaker. I mean, Jake Sullivan. Sorry, I diverted there a little bit.
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And the people in the form of Susan Rice and Valerie Jarrett are the minions who are subordinate,
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are working for Obama is the guy that's kind of coordinating all this and between the intelligence
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community who's working to continue the war in Ukraine. And I'll just say it. They had a good day
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with the UN. I'm sorry, at the NATO summit. The NATO summit was effective for them because it shows
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that Ukraine still remains their priority. The antagonist, the continued antagonism of Russia
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is a clear objective. And it's it's very clear that it's all about trying to maintain
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the direction of the overall enterprise. Remember, Jack, Trump was
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was twice and, you know, indicted by the House. You know, he's impeached twice over what I believe
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to be national security issues that the deep state or intelligence community did not want to address.
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We need to address this and we're going to address this quick break right back. Tony Schaefer,
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Lieutenant Colonel, walking us through the intel community's attempt to throw Joe Biden out of office.
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Ladies and gentlemen, one of the best ways that you can support us here at Human Events and the work
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notifications so you'll never miss a clip. You'll never miss a new live episode. And we're putting
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them out every single day of the week. You know, they talk about influences. These are influences
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and they're friends of mine. Jack. Where's Jack? He's got a great job.
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All right, Jack. So we're back live Human Events Daily. Folks, we've seen it time and time again.
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slash POSO. I want to get Lieutenant Colonel Tony Schaefer back in here, but I want to also mention,
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look at some of the names of some of the Democrats that have come out so forcefully. We had Mark
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Warner, the head, the chair of the Senate Intelligence Committee. This guy is up to his
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ears in Russiagate years ago. This guy has come out and has said that he thinks that Joe Biden has
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problems. Then who did we see immediately after the press conference yesterday was Jim Hines? And who is
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he? The ranking member of the House Permanent Select Committee on Intelligence. Tony Schaefer,
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those guys are speaking, but I seem to hear the voice of Langley coming out. What do you say?
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So I think it's very clear at this point that the senior level leaders of the intelligence community,
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and that means the permanent bureaucracy, have decided it's time for Joe to go. And I think Obama's
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on board. I think Obama recognizes this is something they want to do because of their political capital.
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It's been invested with the deep state. Remember, let's just go back to 2016.
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There's, I think, documentation just being out lately from the British side that shows that Obama
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had directed or asked the British to spy on the Trump campaign. So it's very clear, Jack,
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that the intelligence community has been a solely owned partner of the Democrats or vice versa. I think
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it's a match made in hell that both sides embrace. That is the deep state and the core Democrat
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party. And I would say it's the establishment Democrats, not the grassroots. I think there's
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a difference because I'm going to be polite because I have some friends who are Democrats.
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There are, I believe, grassroots Democrats who have been kind of going along with the Democrat Party,
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kind of accepting that Joe Biden really wasn't in charge, but all of their agenda items were being
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met. That is to say, the woke issues, DEI, all these things that they believe to be important to
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the progressive party. But at this point, no matter what the grassroots or the base thinks,
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the Democrat base, the people in charge of the party, the Pelosi's, the Obama's,
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the Clintons, I think they've all decided to go with the deep state. The deep state will start doing
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things at this point to, I think, even further amplify Joe Biden's incompetence. I mean, you didn't
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need much amplification last night. But it's interesting, Jack, I want to divert here just for
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one second. Some of the folks in the media, like Rachel Maddow and others, are trying to say that he,
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quote unquote, performed well. He was a master of detail. Those details were all essentially word
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salads that were thrown together. I would challenge any reporter of any party, any background to
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actually come up with the three points that Biden said that were cogent relating to how he plans to
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defeat Putin. They're not there. And yet somehow they're glowing about this. So I think, despite the
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mainstream media, still not getting the memo, I don't think they fully got the memo yet from Langley
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saying it's time to knock off the support, I think at this point you're going to see an effort over the
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next two weeks to help illustrate, help amplify Joe Biden's incompetence. I would even go so far as to
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say that they may even do something of, I don't know if there'll be a false flag, but some international
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incident, which further amplifies Joe Biden's inability to respond to a crisis. And just recently,
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there was talk Peter Ducey, my friend Peter Ducey, was questioning the White House spokesman,
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Ms. Pierre, about what would happen if a nuclear weapon is fired off at 11 o'clock at night. Who do
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they call, Jill Biden? And I think things like that are happening. We're not being told about them.
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And I think at this point, we're going to start hearing about them because they want Biden out,
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and they're going to try to get our side to support that. And by the way, I'm riding with
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Joe. I'm still on Team Joe. So you go, Joe. Don't let them push out.
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No, we've, Tony, we've restarted hashtag stop the steal, and we're doing so for the benefit of Joe
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Biden. We will not allow them to steal the nominee from the portioned delegates of the Democrat
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National Committee. They had their primary. Joe Biden was the legal winner. And we are backing
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democracy because to remove him now would be a threat and an affront to democracy, the likes of
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which that Vladimir Putin would be cackling about. And Tony, let's let's switch gears here a little
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bit because I was running around DC this week. The NATO summit came out. Do you view the NATO summit as
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successful for Ukraine? What do you think the prospects are there? A lot of people pointing
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out that they were not they were once again, Ukraine not given a invitation to join NATO,
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but they were we were told that it is it is it is on the irrevocable irreversible path and
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irreversible path. So again, it just seems like they're leading Ukraine down the primrose path.
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You guys keep fighting Russia. And we promise we'll you know, we'll be here for you rooting you on.
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A whole generation of Ukrainian men are being sacrificed at the altar of the deep state. That's
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what's going on. The the premise, the continued premise is somehow Ukraine is going to pull out
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some victory is the same. Let me go through a few facts here. First, Joe Biden incorrectly stated the
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number of Russian losses. He said it was over 300,000. The real number is about 90,000. Now,
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that's not small, but it's not over 300. It's like 380. I can't remember the exact number.
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He Biden was promoting the Ukrainian fake numbers. So that's first off, the numbers are completely
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wackadoodle to use a term I like using a lot with this administration. Secondly, when you examine
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what's going on, the additional funding, I think Biden just touted signing off on another $400 million
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of aid. This is all meant to continue the stream of misery by the Ukrainians to continue to try to
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work to quote unquote destabilize Russia. It's not going to happen. The World Bank,
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Jack, let me give you some facts on the other side. The World Bank, which is not a conservative
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organization, just upgraded the Russian economy to high income. Right now, they have an 11.2%
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growth. 11.2%. This is Russia with sanctions. They are now outperforming Russia, outperforming
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Germany as one of the leading economies in Europe. The sanctions have failed. Yet somehow, according to
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Biden, the Ukrainians are on the verge of beating Russia. Really? And now you have Chinese troops in
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Belarus training. Yeah, I don't see any actual effort by the Ukrainians to make any difference
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against the monolithic and very effective military of the Russians. And I'm not saying that because I'm
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pro-Putin. I'm saying it because I'm critical of the lack of strategy. Second factor, despite these new
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funding promises and the path, the irrevocable path, there's no path for Ukraine to join NATO.
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There's a number of NATO members who will never accept it. And I believe that at this point,
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it's all vaporware. There's no real substance to what they're saying. But yes, in funding terms,
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it was very successful for Zelensky and President Putin, as President Biden called him. Zelensky did
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get some additional promises. But again, I think even the Europeans are getting kind of worn out with all
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of this. And I just don't think you're going to continue to see the support that they've had.
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The last thing I'll say about the NATO summit, Stoltenberg, John Stoltenberg received the
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Presidential Medal of Freedom from Joe Biden for his stellar performance, supposedly. Let me remind
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the audience, no matter how you feel, over the past 10 years, the Russians have regained more territory
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under Stoltenberg's watch any time in the history of NATO. Think about that. So Biden is rewarding
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Stoltenberg for Russia regaining territory. And somehow that's a victory. It's insane. The way that
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they're portraying the NATO strength is completely opposite of what the reality is. A couple other
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stats. I don't like using stats, but I think they're important to illustrate here. Germany, for example,
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went from 38 Patriot missile systems to nine. Where did they all go? They went to Ukraine. They're
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being attrited. Right now, according to Reuters, I just brought this up for our thing. You can look
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it up right now. Let's see if we can get that in the focus there. Reuters is saying for the NATO plan
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to be effective, you need between 30 to 50 more brigades of troops to just basically reestablish credible
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deterrence. So despite these glowing speeches and ruffling flags and all these other nice things,
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there is literally no way NATO would be strong enough to do anything to stop the Russians if the
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Russians so chose to do something. It's a paper tiger. It's a dangerous position for NATO to be in,
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to be poking a bear constantly from a position of weakness. And so I think people who are in charge,
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the Jake Sullivan's, the Tony Blinkin's, the Lloyd Austin's, uh, have, uh, live in a bubble.
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And that bubble, uh, is now, uh, extended to NATO. The NATO leaders, I think are out to lunch.
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And the whole thing is, is being done, I think, because in many ways, NATO has become
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a big business and that business is funded by their support for Ukraine.
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That's exactly what's going on. Lieutenant Colonel Tony Schaefer, where can people follow you?
00:18:16.380
Oh, uh, Twitter, T-Spooky. We follow each other and, uh, uh, ProjectSentinel.com. Check us out.
00:18:23.340
Make sure to check them out. Lieutenant Colonel Tony Schaefer, Project Sentinel.
00:18:26.620
I'll take you in, folks. Right back. Short break.
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When I grew up in the hood, I rolled with bloods and them boys had a saying. You can't be listening
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Very excited to bring on here our next guest, first-time guest, but someone
00:19:53.660
who understands a topic that we've talked about for a long time here on the program,
00:19:57.660
and that is the situation in South Africa. We now have on Dr. Ernst Roets, the executive director
00:20:04.940
of the Afrikaner Foundation. Ernst, thank you so much for joining us here at Human Events.
00:20:09.020
Thank you very much. It's a pleasure to be here.
00:20:10.780
So, when I've talked about South Africa before to the audience, and I've pointed out
00:20:17.180
how so much of the structure of government and really the very basic building blocks that we view
00:20:24.860
as civilization, law and order, being able to punish criminality, locking up violent criminals,
00:20:32.460
these things that we see Bukele doing so famously and successfully in El Salvador,
00:20:37.100
that I always point out that it's these issues combined with, by the way, DEI hiring practices
00:20:44.300
writ large that have taken South Africa to be essentially 30 years ahead of where the United
00:20:50.380
States is in terms of this, because you guys had it written into your constitution all the way back
00:20:56.060
in the 1990s. That was my thesis, and all the liberals in South Africa and all the liberals in America
00:21:01.500
got upset with me. So you set us straight. What is really going on in South Africa?
00:21:06.460
Well, thank you, Jack, and thank you for speaking about this topic. I know you've been talking about
00:21:10.780
it for a while, and it's very important. Now, as the Afrikaner people in South Africa,
00:21:15.340
we regard ourselves as Westerners, and it's very concerning to us to look at America and many
00:21:21.420
Western European countries and countries in the West and see the type of policies that they are trying
00:21:25.980
to implement or flirting with currently, because we have seen many of these policies having been
00:21:31.420
implemented in South Africa for several decades now, and we are seeing the consequences thereof.
00:21:36.540
So South Africa currently is, if we were to measure racism, the racism of a government,
00:21:43.660
by the amount of race laws that they have written or implemented, then South Africa is certainly the
00:21:48.460
most racist country or government in the history of the world, because we currently have more than 140
00:21:53.980
race laws in South Africa. So every sphere of society is categorized in terms of race,
00:21:58.700
and it declares that people should be treated differently depending on the color of their skin.
00:22:03.820
But it's a one-way streak. It's about discriminating against, in our case, minorities,
00:22:09.980
especially the white minority, and blaming the white minority especially for everything that's wrong
00:22:17.180
with the country, using the white minority as a punching bag for politicians to gain political
00:22:23.900
support, and then implementing these really destructive policy ideas, socialist policy ideas,
00:22:29.580
such as taking, scrapping property rights or eroding property rights, and claiming that,
00:22:35.420
yes, maybe there were some examples in the past where this hasn't worked, like the Soviet Union,
00:22:40.060
Communist China, Zimbabwe, Venezuela, we can go down the list, but this time they're going to make it
00:22:44.620
work. This time we should just trust them. And obviously there's never been an example of this working,
00:22:49.660
and it's very concerning, and we believe the world should take note of what is happening in South
00:22:56.380
And so, when I look at this out, and you've established the Afrikaner Foundation, tell me
00:23:01.740
what the purpose of the foundation is, and why you've decided to fight back the way that you are.
00:23:06.540
Well, we are actually, and strangely so, we are actually quite optimistic about our prospects,
00:23:12.300
in the sense that we have learned some very important lessons over the last few decades in
00:23:17.740
South Africa, which includes the danger of being dependent on the government, and what can happen
00:23:23.020
to your community when the government decides to turn against you with a network of laws,
00:23:27.820
discriminatory policies, and so forth. And so, in response to this, what we have done is we have
00:23:32.540
built up a network of community-based institutions called the Solidarity Movement. We have more than 50
00:23:38.780
institutions, community institutions aimed at focusing on several aspects, a variety of aspects,
00:23:44.620
including media institutions, labor institutions, educational institutions, and so forth. The list
00:23:50.700
goes on. And so, the Afrikaner Foundation is the latest in this network of institutions, and our aim is
00:23:56.380
especially to raise awareness internationally about what is happening in South Africa, to garner support
00:24:02.940
for the work that these institutions are doing, whether it's cooperation agreements, whether it's policy
00:24:07.580
influence, like getting the US to adopt a particular policy position on South Africa, and also fundraising.
00:24:13.660
If there are people out there who support, for example, the building of a private Christian
00:24:17.660
university in South Africa, to get these people on board and say, this is really happening. We have
00:24:22.700
adverse circumstances, but we have learned that the way to survive such circumstances is for the
00:24:29.340
community to get together. As Edmund Burke said, when bad men combine, the good must associate. And that is
00:24:35.180
really the the creed under which we are operating in South Africa at the moment.
00:24:39.020
And this this is key. This is absolutely key, because we see this starting to creep in in the United
00:24:47.900
States. And of course, our major cities are you can look no further than the completely out of control
00:24:54.300
hyper violence that we have. And then in South Africa, not only do you have the violence situation,
00:24:59.180
but you even have the we are starting to see the infrastructure issues, the collapse of complex
00:25:06.460
systems. Talk to me for a quick second about this systemic collapse that we've seen in South Africa.
00:25:12.620
Yes, it's it's absolutely crazy. And I think the important lesson for America to learn from this is it
00:25:17.820
never stops. And the blame shifting and the scapegoating never stops. It doesn't matter how bad it gets.
00:25:23.580
They will always find a reason and an excuse to blame someone else for for these failures. So
00:25:28.860
so our electricity supply is ESCOM, which generates has a monopoly on electricity supply or had a monopoly
00:25:34.780
at least. And it has completely collapsed as a result of corruption and what we call or our ruling
00:25:40.620
party called SCADA deployment, which is getting people who are aligned with the ruling party and
00:25:45.180
the Communist Party, getting them into strategic positions to control all the levers of power, as they
00:25:50.780
call it. And so you have these communists or the socialists taking over, combined with with extreme
00:25:56.780
levels of corruption, combined with incompetence. And so we are now at the point where we call it
00:26:01.740
load shedding is just rolling blackout in South Africa, where the government isn't able to keep
00:26:05.340
the lights on. And to such an extent that there are times when we have had up to 12 hours of no electricity
00:26:12.860
and there's no reasonable prospect of it getting better. The only way through is, again, for communities to
00:26:19.740
to to organize themselves and to start generating their own electricity. And it's really concerning
00:26:25.340
the extent because it's not just it's not just electricity supply. It's the failure of the police
00:26:30.460
force. It's the failure of the army. It's the failure of the education system. It's the failure of home
00:26:35.900
affairs in South Africa, getting services from government. It's the failure of service delivery of local
00:26:41.500
government, of national government. The irony is every every government department has largely collapsed in
00:26:47.500
South Africa, except one. And that's the revenue service. So when it comes to tax collection, they
00:26:52.780
are very efficient. But with every other thing, there's just this complete incompetence. And it's
00:26:58.540
very, very alarming. And again, and the world in America in particular should should take note of
00:27:04.140
this to see where this road goes. If if America continues to go down the trajectory, it seems to be
00:27:10.620
going on at the moment. And at the same time, a lot of people would say, why not just leave? Why
00:27:16.780
not just pack your bags? You've decided not to you're planning your flag and you're standing your
00:27:21.340
ground. Yeah, well, well, someone recently said I was I was asked why? Why am I not leaving for the
00:27:28.460
sake of my children? And this person responded saying I'm staying for the sake of my children.
00:27:33.100
So we we are Afrikaners or Boers, as we are known in the rest of the world. And our identity was
00:27:39.340
shaped in South Africa. We've been in South Africa for hundreds of years, even hundreds of
00:27:43.900
years or more than 100 years before the Declaration of Independence. We were already in in South Africa.
00:27:49.260
And and this is where this is where where our culture is based, where are we we have fought for
00:27:55.020
freedom, where we would like to cooperate, keep cooperating with other communities, as we have done
00:27:59.580
in the past. And if we all just leave, it'll be cultural suicide. So many people have left South
00:28:04.540
Africa. And we're very sad about that. But we're also grateful that the people who have left, many of them
00:28:08.940
are acting as ambassadors, raising awareness, garnering support from outside of South Africa.
00:28:14.540
But at some point, you have to say, I'm going to dig a trench, I'm going to take a stance.
00:28:19.340
I can't just flee or get away from my problems, especially now we know fleeing from South Africa
00:28:24.540
to some Western European country. We know that these countries have their own problems. It's not as if
00:28:29.900
the grass is always greener on the other side. And I think the important thing that that all of us
00:28:34.700
should should recognize is we sometimes we should we should dig trenches and we should say that
00:28:39.980
we are here. We're going to take a stance. We're not going to allow them to keep doing this.
00:28:43.660
And in as far as they they keep trying to do this, we will not allow that to shape our destiny and our
00:28:49.660
future. We're going to take ownership of the things that are important to us.
00:28:52.620
For 400 years, the Boer, the Afrikaner has lived and developed in the country of South Africa.
00:29:02.220
And the idea of of walking away, I couldn't I completely agree with that because we keep
00:29:06.860
hearing that in the United States. Oh, you're on stolen land. You're on stolen. Excuse me.
00:29:10.860
There was no one here before us. We built this country. We turned it to what it is.
00:29:14.860
By the way, let people know. So you and I are and I mentioned this the other day with Gavin Wax,
00:29:19.180
you and I are going to be holding an event in New York City after the RNC. Isn't that right?
00:29:24.220
Yes, we're speaking at in New York City on the 23rd of July, organized by the New York Young
00:29:30.620
Republicans. And we're very excited about that because the Afrikaner Foundation that we just
00:29:35.580
spoke of was just launched a week ago in South Africa. And as far as we are concerned, this is
00:29:40.700
the American launch of the Afrikaner Foundation. So we're going to be talking about what's happening
00:29:45.340
in America, what's happening in South Africa, how these things relate to each other, what we can
00:29:49.820
learn from each other. And we are very much looking forward to this event. Well, I can't wait. I've got,
00:29:55.580
by the way, a whole chapter on South Africa in the new book on humans, which I'm sure you can fact check
00:30:03.020
us on to see whether or not we got some stuff right. But I think we're pretty good. It's well cited.
00:30:08.300
Dr. Ernst Rhodes, give people your coordinates, let people know where they can get more information
00:30:12.860
about you and your fight. Oh, thank you very much. I think the easiest would be social media,
00:30:17.580
Twitter, Facebook or X, just by my name, Ernst Rhodes. And from there, they can follow the
00:30:23.260
Afrikaner Foundation. I'll put the links up. I think the easiest is there. We just started a podcast,
00:30:28.700
by the way, to talk about these issues. It's called the Pioneer Podcast, and it's available on all the
00:30:34.460
major podcast platforms. So I'd encourage people to go and look that up. And if they can't find that,
00:30:39.420
they can just look at my social media and I'll make sure the links are there.
00:30:42.300
All right. Plant your flag, stand your ground, fight for your people. That's what it's all about,
00:30:48.380
folks. Dr. Ernst Rhodes, the Afrikaner Foundation. We'll be with him in New York
00:30:52.540
in just a little bit. We're coming back here at Human Event Daily Short Break.
00:30:58.700
Jack, where is Jack? Where is Jack? Where is he? Jack, I want to see you.
00:31:06.060
Great job, Jack. Thank you. What a job you do. You know, we have an incredible thing. We're
00:31:13.580
always talking about the fake news and the bad, but we have guys and these are the guys should be
00:31:18.460
getting politicians. All right, Jack Posobiec back live here at Human Events Daily. Look,
00:31:24.940
the world is in absolute turmoil. You got a president there who's absolutely in turmoil.
00:31:29.100
We're actually looking at a situation where we might be witnessing right now the collapse of the
00:31:35.100
U.S. government as currently constituted. And you've got a guy in office who is running around
00:31:41.180
saying everything is fine. Everything is great. Everything is perfect. By the way,
00:31:45.420
the Democrats themselves, their donors at the higher levels because they're in a full-on coup,
00:31:52.140
have said they are freezing $90 million of pledged donations that were supposed to be going
00:31:59.580
to the Biden campaign. That's all been frozen up because it seems as though the elites are saying
00:32:04.460
that we're past the asking phase now, Joe Biden. Now we're in the telling phase. Phase three
00:32:10.780
is the making phase. We're not just asking you to step down. We're telling you to step down. And
00:32:17.820
phase three is when we make you step down. There are powerful forces at work, yet they want to run
00:32:25.100
around and point to the stock market. And Biden's making these claims about core inflation. So I had
00:32:29.420
to bring on Alex Eden from Allegiance Gold to explain to us the truth of what's actually happening. Alex,
00:32:35.900
how are you? I'm well, thanks, Jack. How are you? I'm good. So when Biden's pointing to these things
00:32:43.260
and the White House really just keeps riffing on and on and on, banging on, saying things are good,
00:32:49.340
things are good, core inflation, blah, blah, blah. Everything's great. And they'll point to these
00:32:53.180
macro trends. Why is it that when they're pointing to the macro trend line numbers, they'll talk about
00:32:58.860
GDP, they'll talk about core inflation, et cetera, et cetera. Why is it that the average person has such a
00:33:04.540
disconnect with what they're feeling and what they're seeing? By the way, not just saying like
00:33:08.860
in a some kind of partisan sense. I mean, when you go to fill up gas, I mean, when my wife goes to buy
00:33:15.660
the groceries, she comes or when God forbid anyone goes out to eat these days and you get the sticker
00:33:20.940
shock that happens every time you get the ad or get the receipt come in. Why is it that people are not
00:33:26.700
seeing on the ground the reality of the White House is trying to claim?
00:33:31.260
Look, you look at some of the economic numbers, they're reported year over year. So the recent
00:33:38.860
inflation numbers we got is that it shows that there is improvement. However, the American public
00:33:44.140
is actually voting with their paycheck in their wallet. So when you go to the grocery store and you
00:33:50.620
compare the cost increases in the last three, four years, you really see the impact of that. It's not
00:33:56.220
the three percent. It's really almost like 20 percent. So when you look at where we are economically
00:34:03.660
versus where the stock market is, you're going to see that there is a little bit more of a disconnect.
00:34:08.460
Yes, the government is reporting some of the numbers that making them look good. However,
00:34:12.860
let's look at the GDP for the first quarter. It's lower than expected. Let's look at their recently
00:34:17.820
reported PPI. It's worse than what it's expected. The unemployment numbers slightly started
00:34:23.740
increasing. And by the way, that has a ripple effect because what happens is when consumer
00:34:29.100
sentiment drops and today, earlier, we got the Michigan report that consumers are continuing
00:34:35.180
to feel not only the impact of the inflation, but really the uncertainty moving forward.
00:34:40.780
Because when COVID occurred and we had all these government issued bailouts, people felt good and
00:34:47.420
their savings increased and their credit card dropped. Fast forward, our savings have been
00:34:54.140
almost depleted. Credit card debt is over a trillion dollar interest expenses more. So this concept of
00:35:02.060
pay consume now and pay later is starting to creep up the consumer, specifically when inflation has been
00:35:09.260
stubbornly high and where we're seeing it going.
00:35:11.420
And this is absolutely key because people have to understand that they know they're looking at
00:35:18.300
the situation that they are. When you got people, there's more renters. And you look at some other,
00:35:22.140
by the way, macro numbers that don't get as much attention when you talk about credit card debt,
00:35:26.780
when you talk about the housing crisis, when you talk about the percentage of people that have moved
00:35:30.860
into renting versus owing. And by the way, when you split that off from a generational perspective,
00:35:36.940
that's where you can really see the drop off for millennial. It's 40 and under. You have more
00:35:41.740
renters than you have homeowners. Then you flip that over and say, all right, what are we going to
00:35:47.420
do about it? And you get to Joe Biden. He says, things are good. Just look at the stock market. Why is it
00:35:52.060
then that the stock market can be doing well, but the people perhaps not?
00:35:58.620
Yeah. I mean, look, all this free money that was printed, the bubble that was created, we had
00:36:03.660
ultra low interest rates and we had the federal reserve print more. And obviously our debt has
00:36:09.820
surpassed 34 trillion. So whoever's closest to the print machine tends to benefit because all that
00:36:15.500
money that was created, it's going back to more riskier assets. But what we're seeing is this,
00:36:22.860
that the distribution of wealth from the wealthier and the average middle class,
00:36:27.980
they're the ones that are paying for it. Because if you have assets like real estate,
00:36:33.660
physical precious metals, stocks, as inflation goes up, you tend to benefit. However, if you don't
00:36:39.980
have any real investments, what happens is that inflation actually becomes another form of taxation
00:36:47.020
above and beyond where we are. So if you want to really understand where the directions were headed,
00:36:53.980
all you have to do is look at where is my income? Is it sufficient to cover my family's obligation?
00:37:00.700
Do I have the confidence to invest or is the consumer feeling that they have to kind of retract?
00:37:06.540
The truth is this, there's, there are a lot of problems that we're dealing with from the,
00:37:11.900
like we talked about the central banks continuing to print more currency from the
00:37:17.660
inflationary risk that we're experiencing, the interest rate policy that the Federal Reserve
00:37:23.900
keeps on kicking down the line. You know, at the beginning of the year, we will inform that they
00:37:28.140
were going to raise the, make an adjustment on the interest rates, right? So it's been neutralized,
00:37:35.660
they haven't raised the rates, but they're talking about potentially lowering the interest rates.
00:37:40.140
Why is that they're going to lower the interest rates? Because the numbers that they see on paper,
00:37:45.100
that inflation is coming back into normal control, that 3%, that's the target that they're after,
00:37:50.380
because the social security benefits are influenced by how much the year over year
00:37:55.580
inflationary numbers are. So it's in their best interest to kind of show that the inflation is a
00:37:59.980
lower number. But at the end of the day, the consumer is really feeling the impact.
00:38:04.860
We can talk about all the problems, or we can think about the upcoming election,
00:38:10.300
some of the financial changes that we have to do to proactively position ourselves,
00:38:15.020
and take some more preventive measures, just like the way we look at our health.
00:38:18.780
So when you think about your finances, you want to start thinking about the alternative world.
00:38:23.740
The world of Wall Street and the banks is not the only viable option. And that's why we're very
00:38:29.340
passionate into educating the consumer about the benefits of not only the physical gold and silver,
00:38:35.100
but also to kind of actually think about outside of the current conventional financing world.
00:38:42.220
And then when we're talking about gold, by the way, gold seems to be surging right now.
00:38:49.740
Talk to us why. Why are people driven more? We keep hearing about crypto. We keep hearing about the
00:38:55.500
petrodollar, Saudi Arabia. Why is it that gold is really getting such a look at this moment?
00:38:59.820
So number one, you can thank this administration. Why? Because when the war started occurring,
00:39:06.780
and we started weaponizing the US currency, what happened was the world realized that if we're not
00:39:13.260
aligned, then the US has a lot of leverage. This is specifically why central banks have been buying
00:39:19.820
more gold, as opposed to US Treasury bond. They're willingly giving up investing in an asset where they
00:39:28.220
can get a return versus investing in a tier one asset to preserve the buying power, number one.
00:39:35.740
But more importantly, to eliminate counterparty risk and really be in control. So number one,
00:39:42.060
the reason why gold has been up about 20% year to date is because we've seen a lot of demand for
00:39:48.060
physical. And that's what central banks have been buying. They've been buying the physical assets.
00:39:53.020
Number two, inflation has been sticky. It's no longer transitioning. We're seeing the
00:39:57.980
impact of that, that it's across from the wholesale side to the consumer side. And number three,
00:40:03.740
obviously, we have some monetary policy changes. In an environment where interest rates drop,
00:40:09.900
gold becomes a lot more attractive, because the yields on the bonds are going to be less.
00:40:14.940
And if you factor in the inflation along with the return, then more or less, you might be in a
00:40:19.420
break even or negative position. So what gold is really telling you is that there are some
00:40:24.300
economical problems. And that's why we're seeing the migration of gold from the Western market to
00:40:31.820
the Eastern market. When you see China, Russia, overall, the BRICS nation, how they're recruiting
00:40:38.300
new members, and they're trying to create more bilateral trade agreements, they're trying to
00:40:42.940
bypass the petrodollar, they're trying to buy all the goods and services and not utilize the dollar.
00:40:49.820
See, it's one thing for us to have internal problems based on our deficits, our handling
00:40:55.340
the monetary policy. And it's another thing for us to have other nations not utilizing the dollar as
00:41:01.980
much. So you're pushing, you're looking at potentially this drive into gold. Alec,
00:41:07.260
give us one second, because we got a quick break here. Stay tuned, folks. This is fascinating.
00:41:11.580
The rise of BRICS leading to a resurgence in gold as they drop the dollar, moving into precious
00:41:17.580
metals. Stay tuned right back in my ear about the boring people at your office. I'm trying to
00:41:25.100
listen to the new human events with Jack Posobiec. Jack Posobiec back live here at Human Events Daily.
00:41:32.220
We're on with Alex Ian from Allegiance Gold. Make sure, by the way, you go. If you're listening to what
00:41:37.420
we're talking about, go to protectwithposo.com. You will get more information on how all this works.
00:41:42.860
You can get more information and find out how you can protect yourself and your family's future
00:41:47.900
with precious metals. So Alex, right before a break, we had hit a hard break there. You were
00:41:53.740
walking us through how the rise of BRICS is alternatively creating a parallel rise in demand
00:42:02.300
for gold because, and you see this, by the way. So Modi is over there visiting Putin right now. And
00:42:08.940
suddenly they're talking about increasing the trade. They want this Northern trade route, which would
00:42:12.460
go India through Iran to Russia. But the problem is that the rupee isn't convertible. And so Russia
00:42:20.060
is looking down saying, look, you know, we don't want rupees because we don't have the ability to
00:42:24.860
convert those to anything. We've got to be able to trade with the Chinese to get oil. We got to be
00:42:28.540
able to trade with, or for the oil exports, I should say, from Russia and Siberia and these new
00:42:33.500
Mongolian pipelines that they're building down to Beijing. So the question is, what can they use for
00:42:39.340
currency? And it just seems like an obvious move that they're all pushing into gold. Walk me through
00:42:47.740
how the rise of BRICS is affecting the gold market. Yeah. So the rise of BRICS is leading to less
00:42:56.460
utilization of the dollar. The less the dollar is utilized, although we remain to be the world reserve
00:43:02.940
currency, and historically any fiat-based currency has faltered after 9,400 years. So we are the leading
00:43:11.900
currency. However, the more the dollars utilize less and less, what's happened is this. It's not about
00:43:19.660
amongst the members. They're also recruiting Middle East members where they can start bypassing the
00:43:26.540
petrodollar. So as there's less confidence in the dollar, then the world is realizing that we don't
00:43:32.780
really need to depend on the dollar. As long as we have this non-duplicatable asset that is one of the
00:43:39.420
oldest form of currency and money that we can trust and have trades, that is the easiest way for them to
00:43:46.940
bypass the dollar. And that's what's been happening in the last almost year. Now, it's one thing to
00:43:52.140
have four members, five members, and it's another thing to start bringing in other members. So these
00:43:57.580
little by little movements, when we look back, we're going to realize that this is what triggered
00:44:03.100
for the world to realize that we're not, and we don't need to be just exclusively dependent on the US
00:44:08.300
dollar. And as a result, a weaker dollar leads to a higher valuation in gold.
00:44:14.140
And so you're talking, of course, not only just about the BRICS nations,
00:44:19.580
because OPEC plays a huge role. This is why. And so I saw some pushback on this,
00:44:24.220
that people were saying, oh, well, the Saudis are still going to be using the petrodollar,
00:44:27.820
but other people saying that, no, they are dropping the petrodollar agreement. Distill that for
00:44:31.820
everybody. What does it mean? What is the petrodollar? And what does Saudi Arabia, given its leading
00:44:37.260
status in OPEC, one of the OPEC main leaders walking away from that really mean writ large?
00:44:44.860
Yeah. So look, I mean, ever since that the dollar was no longer backed by gold since 1971,
00:44:51.900
we actually had some sort of an agreement with the Saudis that we were going to support them
00:44:58.140
defense-wise and military-wise on one condition that all trades were supposed to be denominated by
00:45:03.500
the dollar. That relationship has been going for the past 50 years. Now, recently, there were some
00:45:09.180
articles that talked about the non-renewal of that. But what we want to look at is these early signals.
00:45:16.620
Like in December of 2023, you had the United Arab Emirates basically starting to say,
00:45:23.740
I want to break away from the dollar and I'm going to start accepting currencies that are not the
00:45:29.660
dollar. So all of a sudden, the Chinese started having their own trade agreements with that.
00:45:35.740
Now, Saudi Arabia is paying attention to this. At the end of the day, they care about their defense,
00:45:41.180
but the way they generate the revenue for that nation is by selling of gold, excuse me, by selling
00:45:47.340
oil. So they just need to be able to sell it to any buying member. And when you have more and more
00:45:54.220
confidence in non-dollar-based currencies, there comes a point where they have to utilize that
00:46:00.620
because that's majority what their economy is based on. So why are they recruiting more members?
00:46:07.740
The intention is to create a network that it's no longer four or five members, that it's a lot more
00:46:13.980
members to have more of an impact. Ten years ago, you look at the BRICS nation. No one was talking about
00:46:19.740
BRICS because they weren't that big. And if you compared their GDP, the aggregate GDP, their
00:46:25.500
population against the G7, they were leading that. So the G7 was much bigger economic-wise
00:46:34.300
than the BRICS nation. That is no longer the case. Their population is more. Their alliances are
00:46:41.980
stronger, not just militarily, but also financially and monetary. And when you have the second
00:46:48.780
strongest nation in the world gaining more power, we're talking about China and more influence,
00:46:56.300
then guess what? They've been eyeing to become the world leading economy. They're nowhere near there
00:47:01.820
yet. However, the acceleration that they're having is much greater, which is why their way of attacking
00:47:09.820
is really attacking our currency. And guess what they're doing? They're no longer buying as much
00:47:15.100
as U.S. Treasury bonds. As a result, they've been buying more gold because they want to be in control.
00:47:20.380
They want to eliminate this third party and they want to be at a position where,
00:47:26.060
in case there is a sanction, their assets are not ceased. It's in their hand. And that's really
00:47:31.580
one of the main powers of gold, that you become more in control over your finances.
00:47:36.940
What can people do at home that are watching? They're hearing all of this. They're saying,
00:47:44.540
wow, this is important. This is interesting. We're living through, obviously, we call it the
00:47:50.380
fourth turning around here. We're living through this high pressure moment, a very tumultuous period.
00:47:55.340
But they also think, what can I do for myself, my family, my business to get through this? Should
00:48:00.940
people be keeping their money in dollars as much as they are?
00:48:03.660
Diversification has been a solution for centuries. You don't want to have all of your assets in a
00:48:11.500
single basket. Ask yourself, if I'm in a position where all of my assets are paper denominated,
00:48:17.900
versus in a position where I have real estate, I have my bank account, I have the stocks portfolio,
00:48:24.380
I have my retirement accounts, and I have some physical gold. Having a well-diversified portfolio
00:48:30.220
becomes less risky. The idea of diversification is to do it as preventive measures in advance,
00:48:36.620
as opposed to being more of a reactionary measure. We can't do without banks. We can't do without
00:48:42.060
Wall Street. We can't do without real estate. It's not about having all your assets in gold.
00:48:47.660
It's about doing some sort of preventive measures and doing some diversification ahead of time,
00:48:52.860
so that when you look at historical performances, you see that whenever there was a recession,
00:48:57.500
gold aftermath had done well. Whenever there was some sort of economical crisis,
00:49:06.700
Sorry, Alex, coming up on the very end of our show here schedule-wise. Folks, if you want more
00:49:11.100
information, if you want to connect with Alex, if you want to know what he's talking about,
00:49:14.300
just go to allegiancegold.com. You'll get all the info right there. Ladies and gentlemen,
00:49:18.620
as always, you have my permission to lay it short.