Transcript
Use with ChatGPT / Claude Auto-scroll A
Discusses how Germany’s nuclear shutdown and related industrial closures are causing a severe power shortage, compounded by sulfuric acid dependency and social unrest.
Speaker A
If you've shut down all your nuclear reactors, which is the case in Germany, you've got a serious power problem.Now.They're shutting down the automotive industry.Chemical plants.Can't do business.
40% of the sulfur comes out of the Persian Gulf.If you don't have sulfuric acid, you can't refine anything.Can't refine copper, can't refine gold.We just go down the list.So the situation in Europe is, is very, very bad.There's no question about that.And now it's being exasperated, as you know, by what's happening in London, Paris, and I think is soon going to hit Germany and other countries with regard to people in their countries that they don't want.
Speaker B
I've heard you say that you feel like this energy crisis, which has been started because of Netanyahu and Trump's war with Iran, is going to explode in Europe.Could you expand on that and tell me what you mean?
Speaker A
Well, for instance, your diesel problem in Europe is infinitely worse than anything you're going to see here.In fact, right now we have excess diesel in the United States, believe it or not.The Europeans, that's another problem entirely.And everything moves by truck.Europe's a small place.You've got to go cities and towns to deliver everything.They have a huge energy problem because they're running electric railroads.Where are they getting the power?
If you've shut down all your nuclear reactors, which is the case in Germany, you've got a serious power problem now.They're shutting down the automotive industry.Chemical plants.Can't do business.40% of the sulfur comes out of the Persian Gulf.
If you don't have sulfuric acid, you can't refine anything.Can't refine copper, can't refine gold.We can just go down the list.So the situation in Europe is very, very bad.There's no question about that.
And now it's being exasperated, as you know, by what's happening in London, Paris, and I think is soon going to hit Germany and other countries with regard to people in their countries that they don't want.
Explores how U.S. diesel exports fail to lower global prices and the subsequent bankruptcies of European trucking firms.
Speaker B
So, yeah, because America is actually an exporter of diesel.But the problem is that the diesel price is set on the world market, just like oil.And so no matter how much diesel we have in the United States per se, it's not going to.It doesn't bring down the price.
Speaker A
Correct.
And is diesel emergency is overseas.It's not here.
Speaker B
But there are.The trucking companies are going bankrupt.Right.
Covers the massive farm bankruptcies due to fertilizer scarcity and the looming threat of famine in regions like India and Africa.
Speaker A
Well, look, nobody talks about fertilizer.For God's sakes.You know, 30, 40,000 farms went bankrupt over the last six to eight months.Why?Well, they can't get any fertilizer.You know, we're buying beef from Argentina.What are we doing with the beef we've got?
If you wanted to pick a sector that's been abused and mistreated by Trump almost from day one, it's the agricultural sector.It's incomprehensible.It should be one of our great strengths.Instead, you know, we've got tens of thousands of people out there that are going out of work, going out of business.
Speaker B
Why do you think this isn't the front page news every day?You think?
Speaker A
Well, as I said, fertilizer is a global problem right now.You're going to have famine in many parts of the world because people have not gotten fertilizer for the spring plantings this year or the summer and fall plantings.India is a good example.The Indians are really on the very edge of serious trouble in that country because of the absence of fertilizer.
They're getting as much support as the Russians and others can provide.It may or may not be enough.
Critiques vulture capitalism in Washington that ignores small farmers, paving the way for corporate acquisitions.
Speaker A
Africa is another area.We don't seem to care.And our view is, well, these farmers go out of business, Monsanto or somebody else comes in and buys them up.What difference does it make?Vulture capitalism runs Washington.Does anybody really care about the small farm, the family farm?Absolutely not.
Provides details on the speaker’s upcoming tour dates and directs viewers to buy tickets on the website.
Speaker B
Hey, come see me on tour in Rutherford, New Jersey, Atlantic City, Cleveland, Columbus, Dayton, Toledo and Cincinnati.Go to jimmy dore.com for a link.For tickets.