00:02:43.780And the oil companies say, well, I don't know if it's investable.
00:02:46.620The code word for that is, I want you, the president, to guarantee that the American taxpayer will be the backup if the loans go bad, like if things go crazy.
00:02:58.880So that's a little disingenuous by the oil companies, because they invest internationally all the time.
00:03:04.700Why is Chevron the one oil company with giant investment in Venezuela?
00:03:09.720Because they thought it was investable, and they've got an awful lot there.
00:03:12.460And they thought it was more investable than the others did.
00:03:14.900So the whole thing with the New York Times is they were trying to corner him.
00:03:19.240But he was making a great point about the strategy.
00:03:22.500We're going to get oil companies to invest.
00:03:53.640There's like 2 million of them in Peru.
00:03:55.240There's 2 million of them in Argentina.
00:03:57.120These people that were educated went to other Latin countries.
00:03:59.700So the New York Times was just trying to corner the president.
00:04:03.800But what we saw underneath was strategic leadership about what we're going to do to get Venezuela on its feet and get it rolling forward.
00:04:11.200But it's an open project that's going to get managed at the State Department level for a little while, including cautioning Americans over the weekend.
00:04:19.800Hey, there are paramilitary groups that are still down there.
00:04:31.940The plan is for them to spend, meaning our giant oil companies will be spending at least $100 billion of their money, not the government's money.
00:04:46.200But they need government protection and need government security that when they spend all this money, it's going to be there.
00:04:53.160So they get their money back and make a very nice return.
00:04:56.040And the plan is for them to spend at least $100 billion to rebuild the capacity and the infrastructure necessary.
00:05:05.440Venezuela has also agreed that the United States will immediately begin refining and selling up to 50 million barrels of Venezuelan crude oil, which will continue indefinitely.
00:06:04.740We first got into Venezuela back in the 1940s.
00:06:08.240We've had our assets seized there twice.
00:06:12.320And so you can imagine to reenter a third time would require some pretty significant changes from what we've historically seen here and what is currently the state.
00:06:21.600If we look at the legal and commercial constructs and frameworks in place today in Venezuela, today it's uninvestable.
00:11:22.920We're preventing China from energizing their economy.
00:11:28.560So, yes, this on the surface doesn't seem like America first, where Glenn Beck basically says this is completely America first because we're preventing China from world domination.
00:11:39.620Yeah, the strong chokehold being put on China while this whole thing is taking place is a real thing.
00:12:11.360Yeah, they're out there doing this naval exercise, and you compare it to the might of the 7th Fleet, and you're like, okay, so you're saying you're aligned and you're doing this little naval exercise.
00:12:44.960Do you know what will happen in China if Venezuela, Iran basically crumble?
00:12:52.500You know, everything that they're working on with bricks follow the money, right?
00:12:55.940What's going to happen with bricks basically dissipates?
00:13:00.040You know, the whole petrodollar, and they're trying to basically deviate from the dollar being the world's reserve currency?
00:13:09.720This is completely the worst month China's might have ever had indirectly because of Trump's decision.
00:13:16.700But if you think about it, though, let's not fall asleep.
00:13:19.820It's us against China, Russia, and Iran.
00:13:25.500By the way, because the last time Trump was against China and put all the tariffs and everything, a little virus called COVID just happened to slip out and decimated the world.
00:13:38.740Now that you have three of these people, I'm not saying, I'm not trying to pump fear.
00:13:42.940Let's just know, though, these are, Pat, who else is our ally in this situation?