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July 12, 2024 - Human Events Daily - Jack Posobiec
49:18
The Obama Clapper Intel Community Turns on Biden

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