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Feb. 13, 2023 - Ron Paul Liberty Report
29:04
Unintended Consequences: Russia Sanctions Propel India To Global Energy Powerhouse

India has refused to jump in with the US/NATO war on Russia, which is partly being fought with energy sanctions. As a result, India has emerged as a major player on the global energy scene - buying cheap Russian oil, refining it, and selling at a large mark-up to Europe and the US. Also today: Fauci tells the truth. And finally: What's the State Department up to with its "disinformation" dollars?

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Time Text
Sanctions and Uranium Investments 00:14:22
Hello everybody and thank you for tuning in to the Liberty Report.
With us today is Daniel Mick Adams, our co-host.
Daniel, good to see you.
Happy Monday, Dr. Paul.
How are you today?
Doing well.
Doing well.
All right.
We'll have to look around for some problems.
We didn't have to go very far.
Did you shoot any balloons down over the weekend?
Yeah, I just wondered.
You know, we used to send those balloons up as kids.
Probably somebody just had a little modern technology.
You know, I don't think, even with all that fanfare and excitement, do you think the American people started to feel scared?
I don't think anybody really cared about it, or it was just a game.
But it's an opportunity for some people to say, well, Biden isn't hawkish enough.
He'd better shoot something down.
Oh, okay, I'll go shoot them all down.
Little ones and big ones and weather balloons and whatever.
But he checked it out with the property rights people and he didn't violate anybody's property.
Anyway, you can't make fun because who knows what's going on because they don't believe in telling us the truth.
That makes it a little hard for us to analyze things.
Well, no one's talking about Seymour Hears and the blowing up of the pipeline.
Yeah, that's what they're avoiding.
You're absolutely right on that.
Well, I'll tell you what, we're going to talk about sanctions, everybody I think in the audience.
And I think you understand, I don't like sanctions, and sanctions are bad.
It's anti-freedom.
It's anti-free markets, anti-property rights, and really hurts people a lot.
And yet, we are the champions.
It's one thing I can say.
This country is right now.
And, you know, it wasn't the Democrats that really stirred up a lot of sanctions.
There was a time in our history, not too long ago, that generally conservatives and liberals and Democrats and Republicans didn't like tariffs and sanctions at all.
But, you know, in recent years they were started and now it's a favorite tool because for some reason the world is accepting unlimited amount of dollars.
Anything is wrong, feed it into dollars, not a couple billion here and there, trillion here and trillion there and add it up, no matter whether it's some type of an international military crisis or whether it's the COVID crisis, just more money.
And they seem to get away with it, but long term not.
But I want to talk a minute about, you know, some of the some of the consequences of that.
Most of the time we can find consequences that are really, really bad.
They said, well, we wanted to do A, but B happened and more people died than we thought.
And I like to think that this sanctions and the consequence is sort of a bit entertaining.
It says, this is the first one, and it comes from Zero Heads, our friends there.
It says, sanctions made India indispensable to the global energy market.
Well, what'd they do?
Have a big discovery?
No.
Our foreign policy pushed them to be closer allies with Russia.
And Russia has the oil, but we say you can't sell it to anybody.
But it looks like there was a loophole.
The Russians could sell oil to India.
And there must be a few people there that even though they might not have oil like Saudi Arabia, they have a little bit of creativity on what to do.
So what did they do?
They imported, they imported the oil and refined it, and including U.S. move that discredited, and by re-exporting, they would doctor it up and export it.
So the Russians kept making money on this.
And I think that's really funny.
But the funniest part is they were exporting oil to the United States.
We want to punish them.
And then because the bad unintended consequence was it made shortages for us.
Just as I believe sanctions and tariffs and all this probably hurt middle class and average people the most because it does push up prices and the sophisticated get around it.
This was creative financing here, and I think they'll have to stop and think about, well, how are we going to do this?
I guess they have to put sanctions on India and send over an army there to enforce it.
Yeah.
Well, let's put up that first link.
It's by Andrew Korbko via the Automatic Earth blog, and we see it via Zero Hedge.
It's fascinating.
We've talked about this before, but the Indian media revealed in mid-January that their country has been processing and re-exporting discounted Russian oil to the West, including the U.S.
So as you point out, so when the Russia war started with Ukraine, everyone rushed to put sanctions on.
I think the EU is in their 12th package or 10th, 11th package of sanctions against Russia.
They sanction everything that moves.
No Russian oil.
We're going to cripple the Russians.
We're going to strangle the Russians.
And the Russians just started saying, okay, that's fine.
We'll sell our oil to friendly countries.
And it's just amazing the unintended consequences of upending the global energy markets is that India all of a sudden becomes a major, major player because they're staying neutral.
And you've talked a lot about how neutrality has such benefits.
The Swiss are forgetting this, unfortunately, but the Indians have not.
They've been neutral.
So Russia says, okay, we're going to sell you all this oil at a discount.
India says, that's great.
We're going to refine it into gasoline or diesel, whatever they make into it, and then resell it to Europe and the EU, which they can now take the moral high ground.
We are sanctioning Russia.
We're not going to buy their oil.
But you're paying twice as much for it through India.
But the interesting thing about this article is that the EU and the U.S. are secretly grateful for this deal.
Even though they're paying more, they realize if they had gone through and those sanctions actually did work, it would be even more of a disaster than it is.
You know, one of the unintended consequences, maybe intended by some people, was freezing the Europeans.
You know, they're short.
They need the oil.
And at the same time, they're capitulating and doing what NATO tells them to do.
And they march along and do this, trying to even this out, not realizing there's only one real way of evening supply and demand and profiting from doing a service to the maximum number of people, especially the people who are on the margin, the people on the margin, middle class, low middle class, and the poor people.
Because when you use this principle, you know, when gasoline had jumped up to $5, the average person probably couldn't fill up their gas tank.
And it was on and on.
So that to me is a bit ironic, but it should give them a conclusion that this is not a good policy.
But like you say, maybe behind the scenes, they might like this because it's covering them up.
Just think in a way politically, it helps Biden because we're running short and all this.
Oh, we can import Russia and keep it a secret and starve the Europeans.
You could almost make a comedy out of all this.
Somebody will do that.
But then at the same time, and I think you've made the point, nobody's paying much attention to the information we got from Hersch and blowing up the pipes line.
Here they are still worrying about Europe and the balance of oil trade and the extremes they have to go through.
And they blow up the oil lines.
And some people said, oh, Hirsch is not that good a reporter.
And his credentials are the best.
That's back when objectivity was honored in journalism.
Today, it's taught, don't waste your time on it.
That ruins, you know, fair and balanced distribution of wealth.
And that is their goal, not to take care of the maximum number of people.
And in the meantime, the system they have now, the politicians and the very wealthy, never seem to suffer.
Yeah.
Well, they're discrediting Hirsch by calling him a conspiracy theorist.
But nowadays, all the conspiracies have come true.
So you can't even do that anymore.
Well, let's just do a couple more on the Indy One.
Here's from the article.
This is a Bloomberg piece, if you can look it up.
Oil's new map, how India Turns Russian crude into the West's fuel.
And you made a good point, and I have it here in my notes.
Charade.
Because it's a charade.
Everyone, it's like our favorite movie, Casablanca.
There's gambling going on here.
Everyone knows that they're bypassing the sanctions.
India's getting rich.
Russia is not losing.
Europe is being deindustrialized and being made poor.
And the U.S. is, of course, suffering under economic problems.
All of this for sanctions that have had no ill effect.
And in fact, I would say they have had the opposite effect because India emerges as a real global powerhouse.
That hadn't really happened.
It hadn't pushed them forward.
China and Russia's alliance has strengthened because of this.
I mean, literally, if the Russians launched a secret operation to destroy the global north in the West, it couldn't have been more successful.
I'll do one more quote from this before we move on to another unintended consequences of this.
If we can skip the next one and go to the last one on this, the one that starts for his insight.
If we can put that up, this is from the article.
From this insight, it can be concluded that India succeeded not only in resisting U.S.-led Western pressure upon it vis-a-vis relations with Russia, but also unwittingly ended up doing the Golden Billion, and that's what the author calls the West, the Golden Billion, a favor in the process by placing itself in the position to ensure the reliability of their energy imports, their newfound role as a kingmaker in the new global, in the new Cold War.
Really, really, really interesting.
And let's move to the next one.
I'm going to send it back your way, Dr. Paul.
This is from the Epoch Times.
Another unintended consequence of the sanctions.
Japan's government adopts nuclear energy policy in major turnaround amid energy crisis.
There you go.
You know, another thing that this has done, India has been talked about when they talk about the new reserve currency, you know, and China and Russia, they have an incentive, and there are others involved, Iran.
But India has sort of been talked about, but this almost really is more destructive on the long term to the dollar, because if they do come along or come around and start using something other than the dollar as the gold standard, they're going to have to live up to the fact that this move actually might have moved more pressure on the dollar and bring those group of countries together.
And that would be a major event when people start backing off, which they've started to back off, but they can still use the dollar because it's still the strongest around.
But eventually, we just can't keep doing this.
And, you know, even on the subject we're talking about now, all this mess that they have.
But Biden has it.
He's getting the benefits.
He's buying oil from Russia.
Maybe it's discounted for all we know.
Biden administration ready to unleash a 27, oh, that's chicken feet.
$27 billion green slush fund.
Yes, green energy, that's really good.
I don't think it's good fuel, though.
It makes it makes your car sputter.
Anyway, they keep doing it.
They don't give up.
And this whole thing has caused Japan to start changing their attitude.
Maybe that nuclear, you know, Japan had every reason in the world to be very, very cautious, being the only country that had two nuclear weapons dropped on them.
And now, of course, they've had a bad accident over there that set them back.
But now they're thinking that they need to boost that.
And other countries have too.
Just think of France.
France, when they went their own, that was back in de Gaulle's day, gold and mine your own oil and that sort of thing.
So this is something that this is, I think, beneficial.
I've always, even when the accidents have happened, if you added up all the problems with all the other, even hydrocarbons and coal, even though that's what people have had to use and still will use, people die in those things.
And when you really look at it, if you eliminate the use of nuclear power and war, people don't die from nuclear power.
And a lot of lives are saved because you have nuclear energy that you can't provide for.
It's something that I think they're rediscovering.
And I think that's a good move.
People have decided that uranium was a good investment.
I think they're doing okay.
Yeah, yeah.
Well, I think what happened, and we can put up that next clip, I think Japan looked into the abyss and they realized that everything has changed now and they've got to take care.
The island does not have a lot of natural resources.
And so here's from that same article, the Epic Times article.
Japan's government on February 10th, just a couple days ago, adopted a policy of seeking to maximize the use of nuclear power in a bid to stabilize the country's energy supply amid soaring energy costs fueled by the prolonged war in Ukraine.
They've made a decision to double down on nuclear energy, as you say, looking at the unpredictability in future global energy markets.
Well, I think that hopefully people would wake up.
But when you think of the social disaster of lockdown, you think, well, you know, what made sense to us didn't seem to make sense to others, but it made the enemies of liberty even more aggressive.
It's surprising how far they got.
But now you're seeing some of that reversal of it.
Parents Push Back 00:10:36
And there was another good story the other day of parents going to a PTA meeting and expressing themselves.
And what drives them nuts is, you know, the embarrassment of hypocrisy.
So this was another time where the mother got in there and read.
And you know what was amazing?
She knew what was going.
She cited everything.
She did her homework.
And I think some of those people on that school board, I don't think they were prepared for her.
They didn't do it.
One person tried to quiz her.
And that's available, so you have to use it, but it's still sickening when you have to hear about it.
Why aren't we waking up a lot sooner?
Yeah.
Ron Paul homeschool curriculum.
That's the answer.
Although we do admire people that stay in the trenches and fight.
Well, you mentioned the word disaster, and that reminded me of our next story, if we can put it up.
Here is a global disaster called Anthony Fauci.
He has authored, Dr. Paul, a scientific paper.
You didn't think that he was the science, but he is the science.
I authored a new paper.
This one says, this is from the Epoch Times.
Fauci says COVID-19 and influenza vaccines don't work well.
It calls for improved shots.
A startling bit of news.
You sent that over to me and I was looking Babylon B, something like this.
No, it's actually true.
It's a new paper that he wrote with a couple of colleagues from the CDC in a magazine.
I'm sure you have a subscription, Cell Host and Microbe Magazine.
But all joking aside, this is what he actually said.
If we can do the next one and have a look with what he said.
Vaccines against both COVID-19 and influenza have, quote, deficiencies, including that they elicit incomplete and short-lived protection against evolving virus variants that escape population immunity.
Fauci, until recently, President Biden's chief medical advisor and top National Institute of Health official, wrote in a recent paper, but if you'll put this next one up, Dr. Paul, unfortunately, admitting that these viruses don't work, and I would say now you tell us, instead of saying that, you know, we really messed this one up.
No, the paper is called Rethinking Next Generation Vaccines for Coronaviruses, Influenza Viruses, and Other Respiratory Viruses.
We messed up, but we're going to keep doing it.
That's true.
They want to manufacture the enemy, then they can treat it, and there's evidence that that's exactly what they were doing.
But when I read this, superficially, it could be interpreted, well, they don't work well, and he calls for improved shots.
Well, maybe he has in his mind that we could convince the people that, well, yes, we messed up.
But those vaccines, they weren't the right thing.
But we have the right thing now.
Get back in line.
I don't think that's going to work.
I mean, the people sometimes are so complacent, and they just follow and think the government can tell them, you know, the best thing to do.
But they're not going to line up, but they might be able to, with all the power they have in the propaganda, to scare the people.
Fear is the thing that they use.
Money motivation.
And I understand people, there's a few people who have made a couple bucks in this business, too.
Bill Gates needs some money.
And a few people died needlessly, too.
You know, there's been a lot of deaths, and sometimes they lump them together.
But you'll see a statistic that says that a minuscule number of people actually die, you know, from the virus.
But there's a lot of deaths related to COVID.
But they don't sort it out.
And then the other stories, which I always assume would be the case, that the real results won't be around for a while because six months or a year after they've had this is when people can get sick.
The other thing is, is gathering this information.
You know, just assume that sometimes if a famous person, you know, has a heart attack and is serious and everybody knows about it, and the odds, at least, you know, as doctors, you're supposed to have a differential diagnosis.
You know, the different things that it could be.
You don't start with, oh, this is it.
And then work backwards.
You say A, B, C, D.
And, you know, now, now, that has all been foxed.
There's no object.
They claim objectivity in journalism or in reporting science is detrimental to their agenda.
And I think, so those numbers aren't worthwhile, but on occasion, somebody's going to out there that's popping up where it's authentic investigation.
Yeah.
Well, Fauci did say, quote, when you get vaccinated, you become a dead end to the virus.
That was not true.
That was another one of his lies.
Well, let's flip over to our last report, and this is something that I'm always really interested in.
The whole disinformation business has been a scam and a sham.
And now we know a little bit more about what the State Department has been up to.
If we can put up that next one, and it's from Zero Hedge, we noticed it over the weekend.
U.S. State Department is funding a secret disinformation crusade to blacklist conservative media.
I don't really like the word conservative media here, Dr. Paul.
I would say any media that's independent of the prevailing government-sponsored narrative.
But what the meat is, is that the State Department is giving tons of money through its Global Engagement Center.
Everyone should remember that name.
It used to be a while ago that the National Endowment for Democracy was our target, but this is now the target.
The Global Engagement Center, they're sending money to work on blacklisting news outlets which disseminate disinformation.
And let's put the next one on.
This is a little bit more about it.
They gave a bunch of money to this group, the Global Disinformation Index, which is a British NGO.
And what it does is it feeds blacklists to ad companies with the intent of defunding and shutting down websites that are peddling the, quote, disinformation.
And this hits close to home because we at the Ron Paul Institute, of course, have been accused of this as well because we've challenged things like the Syria war.
We've challenged the prevailing narrative on the Ukraine war, etc., etc.
That's our business, to challenge these shibboleths.
And now, if you can put that back up, if you don't mind.
So this group received $300,000 from two different State Department grants.
The State Department is using this money to undermine freedom of speech and freedom of the press in the United States.
Very ironic.
But you would say, oh, well, maybe these are really bad guys.
These are really terrible disinformation.
Maybe they're even Russian bots.
No.
Let's have a look at this next one.
This is their own list that they put together.
The safe sites and the risky sites.
The safe sites, which everyone should rush to and read and treat as the gospel, NPR, AP News, New York Times, USA Today, Washington Post, BuzzFeed News, Huffington Post.
These are the good ones.
What are the bad ones?
New York Post, the oldest newspaper in the country, Reason Magazine.
Now, there are some problems with Reason, but come on.
Real Clear Politics, The Daily Wire, One America News Network, the American Conservative.
That's dangerous, dangerous.
The Federalist, the American Spectator, Newsmax.
This is an extremely political list.
There is no evidence that these other organizations are disinfo.
Daniel, you have to find something.
Now I found something.
Oh, good.
They have done our research for us because we want to know who the good guys and the bad guys are.
You just have to change the timeline.
Flip it over.
Flip it over.
And the one side that they say are the good guys, they're the bad guys.
So here are the good guys.
And unfortunately, that pretty as much is how people who are looking for the truth have to do with it.
You know, if you turn on television and such and such is going on and we're saying, oh, that's interesting.
You look at who's doing it.
Who's the propagandist, you know, that's doing this?
Sad story.
It is.
Do you have another statement?
I'm going to close with a statement, but do you have something else you want to do before?
I always have my closing.
I was just going to finish on this by saying that the serious part of it, we're joking around about it, but they are conspiring.
The State Department is conspiring to get these outlets defunded.
And we know that Newsmax has had problems staying on cable.
I think the One America Network has had problems staying on cable.
And you wonder, what is the pressure behind the scenes on these outlets to prevent this news from getting out?
I think it's the word I would use is un-American.
The State Department is un-American.
My closing is just going to show a little bit of a clip from a rally in France.
And the reason I do this is because you will not see this in the U.S. media.
If we can just put on, I don't know, 10 seconds of this.
This is over the weekend in France, a mass rally against the war, against NATO.
Look at this.
Soton de Lotin, get out of NATO.
Let's watch a little bit of this.
This is a big rally.
It goes all the way down the street.
The front sign says for peace.
A massive peace rally in France.
We don't want war with Russia.
We want to get out of the war.
And that's, I think, very exciting.
You're never going to see this anywhere, probably, but this show.
But that does remind us that we have a little rally of our own at the end of the week on Sunday.
So hopefully something is happening.
Well, that rally is pretty neat there.
I feel like Robert Taft has been vindicated.
They're just a little late to the party, but better late than never.
So it took them all those years for people to start demonstrating against NATO.
Because NATO is the one that's fighting Russia, and Europe is not coming out so well.
Their leaders are actually participating in making things worse.
And so it's a crazy thing.
But the people sometimes, you know, they wake up.
Control Over Jobs 00:03:46
Everybody complains about, oh, you know, they stereotype and then they always go along to do the bad things.
But eventually they wake up, just like they did in COVID.
A lot of awakening occurred there in a positive way.
But I'm going to go ahead and close with mine about something I find sad.
I don't know whether we've heard the last story yet.
But James O'Keefe of Project Veritas has been removed from his leadership position.
And I think he probably is one of the most ingenious in media and getting interviews.
And don't you feel like he probably has revealed more truth than a lot of journalists or so-called journalists put together.
But, you know, it fascinates me.
Why?
Why do they do this?
It was his board that did this.
He created the program.
But his board, how do they get control?
And what happened to Glenn Greenwald?
You know, he started with a group of people that there was trust in.
And he actually, I am sure he followed the rules and the intent of that magazine he started.
And they kicked him out.
You know, there's something sad about this.
I had a staff person once, one of his sort of hobbies was investigating, you know, the foundations.
And conservatives or liberals, they put their money away and they have their ulterior motives.
But so often he found, and it was so disappointing that when a conservative libertarian put their money away and put it into a foundation, that the legal structure or whatever it is, so often fell into the hands of the enemy.
And that's what I'm afraid to hear.
But this one says that the board is reviewing this, but it's not good.
I just think that even that much is way too much.
And of course, you know, if there happens to be a deep state, you know, it's probably pretty deep.
You know, even there, we will get you.
And that's what they're doing and working on him because he really has a knack of getting the information.
It's astounding.
And, of course, he should be encouraged.
He should be honored.
He shouldn't be punished.
And yet, that is the thing that we're doing more today.
If we don't like the message that we hear, we cancel the person.
So the First Amendment is on the rocks, and this, in a way, is trying to overcome the controls on the First Amendment to try to get to the bottom of things and get to the truth, which is really something that is always eternally necessary.
It's not a brand new problem, but it's on an epidemic cycle right now when you think of all the lies in this century that got us involved in wars that were not legal.
And what about the lies in medicine now and the lies in education?
So I believe that we have shifted our emphasis from having decency in law to a system of nihilism.
Well, we don't know the truth, so anything we say, they have to believe it or whatever we'll take their job away and we're going to punish them.
And that is pervasive, and that is what's controlling our society and controls our Congress.
There's a few there that are good and they're trying to do a good job, but they are also going to be victims of the control of the system.
In order for the enemy to get control, they will have to destroy the First Amendment.
And right now, they're doing a pretty good job, but people are starting to rise up and say that we have to fight back.
We have to have the right to present our side of the story.
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