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Speaker 1: You're listening to the Buck Sexton Show podcast. Make sure

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Speaker 1: you subscribe to the podcast on the iHeartRadio app or

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Speaker 1: wherever you get your podcasts. So, what's actually going on

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Speaker 1: in Venezuela? Is Trump planning to topple the government? There

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Speaker 1: will there be an invasion? Could there be US troops?

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Speaker 1: Where's Maduro gonna go? How the heck did we get here?

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Speaker 1: I think it's time for a buck brief, for a

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Speaker 1: deep dive into what's happening here. This is a great

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Speaker 1: thing for you to listen to over the weekend because

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Speaker 1: by the end of it, it won't be very long.

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Speaker 2: It'll be a normal Buck brief.

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Speaker 1: Link, but you'll know more than ninety nine percent of

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Speaker 1: the people you see on TV talking about Venezuela because

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Speaker 1: these days, people you know, don't read and don't really

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Speaker 1: pay very much attention. They just go on TV and blab.

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Speaker 1: So what's happening? Here's what you gotta understand, and I'll

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Speaker 1: take you to the beginning. I'll give you everything you

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Speaker 1: need to know about Venezuela for the last fifteen years

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Speaker 1: in about fifteen minutes. How about that you go back

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Speaker 1: to the Chavez regime. Will Chavez comes in. He's a

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Speaker 1: classic Balivarian socialist. He says he's going to redistribute the

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Speaker 1: land and it's gonna be great and there's gonna be

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Speaker 1: plenty for everybody as long as he's in charge. But

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Speaker 1: they seize the government means of production. They're wildly corrupt,

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Speaker 1: they're repressive, totalitarian. And then Maduro takes over, and Maduro

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Speaker 1: is like a a dumber, more thuggish.

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Speaker 2: Version of uh of Chavez.

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Speaker 1: So when you when you look at what's gone on,

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Speaker 1: it has been a even an even faster descent into

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Speaker 1: a socialist, communist healthscape in Venezuela than anybody could have

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Speaker 1: I think previously imagined possible. Well, I guess if you're

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Speaker 1: a student of history, you probably saw this coming.

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Speaker 2: But here's the situation.

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Speaker 1: You get this guy who comes in, Maduro and he

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Speaker 1: is he's he's elected, and sure enough, he takes over

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Speaker 1: the economy and he's doing all this stuff where he's

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Speaker 1: you know, seizing the means of production and puts price

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Speaker 1: controls in play, controls in place, and he's doing all

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Speaker 1: this stuff and it destroys the economy, I mean the

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Speaker 1: oil sector. Venezuela largest proven oil reserves in the world,

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Speaker 1: larger than Saudy Arabia, and they don't have enough money.

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Speaker 1: The oil sector has gotten absolutely crushed there. They can't

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Speaker 1: keep refineries online. They've got all kinds of problems with

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Speaker 1: the international community. It's all coming apart. The air bare shelves.

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Speaker 1: Crime gets completely out of control. Why does crime get

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Speaker 1: out of control? Will in part because it's a criminal

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Speaker 1: syndicate running the state of Venezuela. Venezuela is a narco state,

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Speaker 1: a true narco state. Meeting Maduro in his top guys.

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Speaker 1: I think there's a fifty million dollar bounty on.

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Speaker 2: Maduro right now. Fifty million, that's real money.

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Speaker 1: The reason that they're able to even stay in power

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Speaker 1: up to this point, and I'll get into the election

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Speaker 1: from last not this past summer, the summer before that,

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Speaker 1: but the reason is that they are.

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Speaker 2: Able to pay people.

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Speaker 1: Off in their inner circle, the security forces, thugs that

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Speaker 1: collectivos to just their street thugs, effectively Maduro's brown shirts.

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Speaker 1: They're able to subject to continue to do what they

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Speaker 1: do because they're getting hard, cold cash, cold hard cash

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Speaker 1: from selling fentonyl of the United States. That's why the

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Speaker 1: narco strikes on their boats and Pete Hegseth just said

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Speaker 1: last night there was another one, another one. He's calling

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Speaker 1: them out. These strikes on the boats are cutting off

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Speaker 1: the capital that they need to continue to run their

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Speaker 1: government because it's a thug, drug runner government. That's what

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Speaker 1: Madurero is what a shock social justice isn't really about justice,

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Speaker 1: and it's not particularly social either. Right, this is a

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Speaker 1: complete disaster of a country. Okay, So then you get

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Speaker 1: into where things are currently and when you look at

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Speaker 1: the the destruction of the of their currency. I can't

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Speaker 1: even give you off off hand how much inflation there

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Speaker 1: has been, but you're talking hyper inflation.

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Speaker 2: Okay, the poverty rate has gone through the roof.

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Speaker 1: The inflation numbers look like Zimbabwe. And Maduro is not

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Speaker 1: really a president, he's a cartel boss. So think of

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Speaker 1: this like Pablo Escobar is the president quote unquote of Venezuela.

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Speaker 1: That's what has actually happened there. That is the truth

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Speaker 1: of that country. And so now you get to, like

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Speaker 1: I said, three hundred billion dollars over that for proven reserves.

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Speaker 1: Now you get to the current state of play, or

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Speaker 1: rather what has brought us to the current state of play.

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Speaker 2: And they had an.

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Speaker 1: Election where seventy percent of Venezuelan's voted against Maduro and

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Speaker 1: for the opposition. And guess what madurod just said, Nah,

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Speaker 1: we're still in charge. Oh, you mean the democrat socialist

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Speaker 1: Maduro who wants to give more to the poor people

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Speaker 1: and is really just an elitist thug who will use

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Speaker 1: extra dream violence. By the way they're detaining, they're doing

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Speaker 1: all the worst stuff, all the things that you think

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Speaker 1: some third world tinpot dictator does to stay in power.

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Speaker 1: Maduro is doing those things, torturing people, using a rape

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Speaker 1: as a weapon of repression against people who speak out.

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Speaker 1: I mean, the worst kinds of stuff, worst kinds of stuff.

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Speaker 1: And just keep in mind that whether it was Chavez

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Speaker 1: or Maduro, places like the New York Times ten fifteen

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Speaker 1: years ago we're writing about how reform was coming to

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Speaker 1: Venezuela and redistribution of wealth and how this is going

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Speaker 1: to make everybody. This is going to take care of

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Speaker 1: the forgotten people of Venezuela and all the rest of it.

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Speaker 1: So that's what's going on there. It's just been, like

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Speaker 1: I said, total disaster. So they just ignore the election

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Speaker 1: results stay in power, and to do so they have

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Speaker 1: had to rely on the most unsavory of allies, imaginable.

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Speaker 2: Who's up? I mean, this is really all you have

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Speaker 2: to know.

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Speaker 1: Who's propping up the Maduro regime right now in Venezuela, Cuba, Iran,

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Speaker 1: Russia basically the biggest malefactors, the biggest evildoers on the

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Speaker 1: global scene.

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Speaker 2: I mean North Korea is not really quite as involved.

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Speaker 1: It's kind of far you know, North Korea, but you

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Speaker 1: got some of the worst players on the global scene.

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Speaker 1: What's QB doing well Cuba because it's another crap economy?

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Speaker 2: Thank you?

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Speaker 1: Socialism noticing a trend, aren't you? Honestly, Latin America. I

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Speaker 1: gotta ask what is going on with you guys and

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Speaker 1: not figuring out that socialism is ruinous and destructive? How

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Speaker 1: many times do we have to go through I know,

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Speaker 1: you get Argentina and Milay, some people figure this out,

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Speaker 1: but you see what's going on in Brazil. You see

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Speaker 1: what's happening in these countries. Take this turn to the left,

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Speaker 1: it's just destruction. It just makes everybody poor, more miserable,

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Speaker 1: and there's more repression every time, every time. But I

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Speaker 1: guess they can appeal to people's emotions. They're oh we'll

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Speaker 1: take from the rich people and give it to you. No,

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Speaker 1: they just the people in Latin America who say they're

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Speaker 1: going to take from the rich and give to the poor.

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Speaker 1: Take from the rich to become the rich. That's what

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Speaker 1: happens every time. That's the situation, that's the reality. So

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Speaker 1: you have these bad countries Russia, Iran, Cuba. Cuba is

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Speaker 1: getting oil and in exchange is sending security thugs like

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Speaker 1: like Maduro's security detailed Cubans. So they because they remember

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Speaker 1: they were trained by the KGB, and the one thing

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Speaker 1: the Cuban government is good at is thuggish repression. That's

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Speaker 1: the one thing they make sure they really know how

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Speaker 1: to do. So they're sending their Cuban thugs to Venezuela

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Speaker 1: to prop up Maduro. And then you've got the you know,

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Speaker 1: the Iranians and the Russians giving them you know, military

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Speaker 1: assistants and things like that.

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Speaker 2: Whole thing's a total mess. It's a disaster.

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Speaker 1: And now the Trump administration has said no, Mas.

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Speaker 2: Enough is enough.

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Speaker 1: I'm gonna get into what that could mean here in

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Speaker 1: just a second. One of the better investments I've made

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Speaker 1: a long time is the purchase of gold.

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Speaker 2: This year loan.

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Speaker 1: It's up fifty points fifty percent in value actually over

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Speaker 1: that and it's not slowing down because the long term

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Speaker 1: thesis on gold remains strong. In fact, the last time

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Speaker 1: we saw this kind of increase in the value of

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Speaker 1: gold was nineteen seventy nine. So if a portion of

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Speaker 1: your savings aren't diverse, fight into gold yet, you're missing

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Speaker 1: out on a really good buying opportunity. When there's instability

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Speaker 1: in the markets, where there's conflict in the world, investors

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Speaker 1: turn to gold as a safe haven, and central banks

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Speaker 1: are flocking to gold. There's a reason why it's at

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Speaker 1: record highs. You can still get on the door now

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Speaker 1: on this opportunity. Birch Gold Group can help you convert

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Speaker 1: an existing IRA or four one K into attack sheltered

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Speaker 1: IRA and gold. You don't pay a dime out of pocket.

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Speaker 1: Text my name Buck do ninety eight ninety eight ninety

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Speaker 1: eight and claim your free infoKit. There's no obligation, just

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Speaker 1: useful information. Text my name Buck to ninety eight ninety

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Speaker 1: eight ninety eight. Text Buck to ninety eight ninety eight

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Speaker 1: ninety eight. Birch Gold Group. Go check them out. So

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Speaker 1: now we're blowing.

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Speaker 2: Up the boats.

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Speaker 1: We're blowing up the boats because we want to stop

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Speaker 1: them from killing Americans with the fentanyl that they carry.

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Speaker 1: We want to put the drug cartels everywhere, including Mexico,

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Speaker 1: on notice that we're not playing games anymore. And also

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Speaker 1: it is exposing the reality of the Venezuelan narco state,

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Speaker 1: which is the only way that that place, the only

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Speaker 1: way that that thug Maduro can stay in power, is

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Speaker 1: if they're selling drugs to kill Americans. Because, as I said,

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Speaker 1: the oil industry there is down dramatically. So let me see,

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Speaker 1: You've got exports of plungs like thirty percent. Chevron's license

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Speaker 1: to export was yanked back in May of twenty twenty five,

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Speaker 1: so they're way down in their oil exports, and that's

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Speaker 1: what they need to to pay for everything the state does.

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Speaker 1: They really don't have an economy beyond oil and drugs,

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Speaker 1: so you're seeing what's going on there. But yeah, I mean,

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Speaker 1: Venezuela's just turned into Cuba with oil. It's really what

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Speaker 1: has happened, and we're tired of it. So the Trump

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Speaker 1: administration is now blowing up these boats. Pete Heg's at

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Speaker 1: Secretary of War is blowing up these boats. Here's what's

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Speaker 1: gonna happen. They're gonna get more desperate. Trump has said

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Speaker 1: that you have to have that, that Maduro has to leave.

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Speaker 2: Now.

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Speaker 1: I think that was today. Was actually I'm talking to

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Speaker 1: you on Friday, December fifth here listening over the weekend.

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Speaker 1: I think by today was the deadline. So we may

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Speaker 1: see some updates on this, but he said Maduro has

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Speaker 1: got to go. So you've got a guy who has

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Speaker 1: a fifty million dollar bounty on his head, is running

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Speaker 1: a narco state. We're blowing up. Remember why it's so

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Speaker 1: important Venezuela for those drugs to be sold in the

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Speaker 1: US market and not go through the Mexican cartels who

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Speaker 1: are gonna just you know, they're they're controlling the trade.

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Speaker 1: They have their own fentanyl that they're making. So this

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Speaker 1: is why the boats are still a thing, because they

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Speaker 1: got to run though those boats into usually intermediary countries,

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Speaker 1: a little kind of tin pot dictatorship, not dictator ships,

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Speaker 1: but a little sort of poor, poor, sad countries in

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Speaker 1: the Caribbean. You know, the kind of countries you go

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Speaker 1: to on vacation, but like if you actually leave the resort, you're.

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Speaker 2: Like, oh gosh, this place is in rough shape.

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Speaker 1: They will stash the drugs there for a bit and

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Speaker 1: then they'll try to bring them into the US from there.

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Speaker 1: Transshipment point, I believe, is the term they use. So

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Speaker 1: the reason they've got to take them straight here is

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Speaker 1: because they've got to cut out the Mexican cartels. So

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Speaker 1: hitting these boats is strangling the cash that the drug

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Speaker 1: cartels need, that the drug Cartel of Maduro needs to

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Speaker 1: stay in power. And trend to Arragua is really just

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Speaker 1: now the Venezuelan governments. Now they say there's arguments about

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Speaker 1: how involved with the trend.

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Speaker 2: Of Aragua they are.

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Speaker 1: It's a narco state doing illegal stuff. He's got fifty

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Speaker 1: million dollars bounding on his head. Trust me, he's using

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Speaker 1: trend to Aragua as muscle. They're moving the product. It's

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Speaker 1: all tied in together. So Ragua is a region I

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Speaker 1: think trend is trained. Aragua is a region in Venezuela.

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Speaker 1: I think there was a big prison there or something,

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Speaker 1: and it's a prison gang. It's a prison gang sort

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Speaker 1: of like MS thirteen, but in this case, which I

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Speaker 1: think was founded in America, but it's become this transnational cartel.

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Speaker 2: So we're blowing up their boats.

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Speaker 1: Which is gonna put a lot of pressure on them,

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Speaker 1: and if Maduro steps down, you could have an opposition

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Speaker 1: take over.

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Speaker 2: Here's the question or the problem that a lot of

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Speaker 2: people have.

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Speaker 1: We don't want to get involved in a rebuilding effort,

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Speaker 1: and we certainly don't want US troops on the ground

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Speaker 1: in Venezuela. I'm gonna tell you this right now. I

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Speaker 1: don't think we need to do that. I don't think

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Speaker 1: we will do that. I don't think we want to

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Speaker 1: do that. But just continuing on with this pressure campaign

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Speaker 1: is likely to be enough to bring down the Maduro regime,

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Speaker 1: which also would put tremendous pressure on the Cuban regime.

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Speaker 1: We don't want a communist, lunatic South America, Latin America

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Speaker 1: on our periphery. We actually want to bring these countries

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Speaker 1: into international norms, capitalism, the West, whatever you want to

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Speaker 1: call it. We want them functioning like normal places. We

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Speaker 1: want them reforming the extreme corruption that they have. And

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Speaker 1: the people of Venezuela have been made so miserable by

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Speaker 1: the idiocy of Balivarian socialism that maybe going forward they

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Speaker 1: won't make the same mistake, at least for a generation

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Speaker 1: or two. One would hope. So that's what I see

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Speaker 1: happening here. I think Trump is on the right track.

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Speaker 1: I think Secretary of State Rubio and Secretary of War

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Speaker 1: Hegxt they know what they're doing and we shall see

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Speaker 1: if they're able to without boots on the ground, without

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Speaker 1: being involved in the coup.

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Speaker 2: Just a pressure.

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Speaker 1: Campaign alone brings Maduro down. I want to tell you

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Speaker 1: Venezuela deep dive.

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Speaker 2: She'll tie