1 00:00:01,680 --> 00:00:04,440 Speaker 1: It's been two weeks since Russia launched its invasion of Ukraine, 2 00:00:04,440 --> 00:00:08,440 Speaker 1: and it appears Americans broadly support taking a tough stance 3 00:00:08,520 --> 00:00:11,960 Speaker 1: against Moscow's aggression. But what exactly does that entail? What 4 00:00:12,000 --> 00:00:14,440 Speaker 1: are the limits? We'll let you say, higher gas prices 5 00:00:14,720 --> 00:00:16,800 Speaker 1: could be the least of our problems if we implement 6 00:00:16,840 --> 00:00:24,400 Speaker 1: a no fly zone. Friends, it's time for hold the line. 7 00:00:26,400 --> 00:00:28,480 Speaker 1: Welcome to hold the line on buck Sex, and it 8 00:00:28,560 --> 00:00:32,279 Speaker 1: was inevitable. We are seeing more and more images of 9 00:00:32,880 --> 00:00:38,120 Speaker 1: horrific scenes in Ukraine, Civilians who are dying because of shelling, 10 00:00:38,159 --> 00:00:43,680 Speaker 1: because of air strikes, Russian military continuing its onslaught against Ukraine, 11 00:00:43,960 --> 00:00:46,720 Speaker 1: and emotions even here and in the rest of the 12 00:00:46,720 --> 00:00:49,519 Speaker 1: West around the world are running high over it, and 13 00:00:49,560 --> 00:00:55,200 Speaker 1: people are saying something needs to be done. Well, that's 14 00:00:55,240 --> 00:00:57,840 Speaker 1: a big question. What does that entail? What are we 15 00:00:57,880 --> 00:01:01,240 Speaker 1: actually willing to do in order to guarantee the sovereignty 16 00:01:01,240 --> 00:01:04,480 Speaker 1: and independence of Ukraine, a country that has thousands of 17 00:01:04,520 --> 00:01:06,840 Speaker 1: miles away, in one in which the US has no 18 00:01:06,920 --> 00:01:11,960 Speaker 1: specific treaty obligation to defend. Well, according to Reuters, we've 19 00:01:12,000 --> 00:01:16,400 Speaker 1: got some polling data on this. American support for Ukrainians 20 00:01:16,400 --> 00:01:19,840 Speaker 1: a no fly zone seventy four percent, want a no 21 00:01:19,920 --> 00:01:24,920 Speaker 1: fly zone, take refugees seventy four percent, provide weapons seventy 22 00:01:24,920 --> 00:01:30,600 Speaker 1: two percent, and pay more for gas sixty four percent. Now, 23 00:01:30,920 --> 00:01:34,640 Speaker 1: some of these, it seems, are far less controversial and 24 00:01:34,800 --> 00:01:38,560 Speaker 1: much more straightforward, things like, for example, a willingness to 25 00:01:39,160 --> 00:01:43,000 Speaker 1: pay more for gas. To that, I would ask how 26 00:01:43,080 --> 00:01:47,400 Speaker 1: much more and what is actually the price? That somebody 27 00:01:47,400 --> 00:01:49,000 Speaker 1: would start to say, well, I don't want to pay 28 00:01:49,120 --> 00:01:52,320 Speaker 1: that much one hundred and fifty dollars a barrel, two 29 00:01:52,360 --> 00:01:55,680 Speaker 1: hundred dollars a barrel. If it costs you one hundred 30 00:01:55,680 --> 00:01:57,200 Speaker 1: and two hundred dollars to fill up your tank of 31 00:01:57,280 --> 00:02:00,080 Speaker 1: gas every time you go, is that the price you 32 00:02:00,080 --> 00:02:02,320 Speaker 1: want to pay for Ukraine? And also all of your products, goods, 33 00:02:02,320 --> 00:02:05,160 Speaker 1: and services, everything is more expensive. You are effectively poorer 34 00:02:05,200 --> 00:02:07,520 Speaker 1: as a result of this. Do you want to do that? 35 00:02:07,520 --> 00:02:10,000 Speaker 1: That's what the American people are faced with right now. 36 00:02:10,240 --> 00:02:14,359 Speaker 1: But let's specifically dive into the no fly zone component 37 00:02:14,400 --> 00:02:19,160 Speaker 1: of this. First off, there is the possibility here of 38 00:02:19,200 --> 00:02:22,399 Speaker 1: a no fly zone leading to something much bigger. That's 39 00:02:22,440 --> 00:02:25,160 Speaker 1: the greatest concern would be a full fledged war in Europe. 40 00:02:25,160 --> 00:02:27,480 Speaker 1: So we'll start with the worst case scenario, and then 41 00:02:27,480 --> 00:02:30,320 Speaker 1: I'll build backwards from that to what it would mean. 42 00:02:30,440 --> 00:02:33,679 Speaker 1: Just even the opening opening salvo here is Secretary of 43 00:02:33,680 --> 00:02:36,360 Speaker 1: State Blincoln on the no fly zone watch. The only 44 00:02:36,400 --> 00:02:38,880 Speaker 1: way to actually implement something like a no fly zone 45 00:02:39,680 --> 00:02:42,200 Speaker 1: is to send NATO planes into Ukrainian air space and 46 00:02:42,280 --> 00:02:45,160 Speaker 1: to shoot down Russian planes, and that could lead to 47 00:02:45,160 --> 00:02:49,040 Speaker 1: a full fledge war in Europe. President Biden has been 48 00:02:49,080 --> 00:02:52,800 Speaker 1: cleared that we are not going to get into a 49 00:02:52,840 --> 00:03:00,799 Speaker 1: war with Russia, but we are going to tremendously with 50 00:03:01,080 --> 00:03:06,120 Speaker 1: allies and partners to provide Ukrainians with the means to 51 00:03:06,680 --> 00:03:10,920 Speaker 1: effectively defend themselves. He's right on this point about what 52 00:03:10,960 --> 00:03:15,680 Speaker 1: a no fly zone would actually entail. It's not a 53 00:03:15,800 --> 00:03:18,760 Speaker 1: no fly zone. It's actually a lot of flying by 54 00:03:19,000 --> 00:03:21,760 Speaker 1: US and NATO planes that would be involved to keep 55 00:03:21,800 --> 00:03:25,239 Speaker 1: that airspace secure and free of Russian jets. But it 56 00:03:25,280 --> 00:03:28,280 Speaker 1: wouldn't be that simple because the Russians would continue to 57 00:03:28,320 --> 00:03:32,160 Speaker 1: fly on that air space and would view any presence 58 00:03:32,200 --> 00:03:34,760 Speaker 1: of US or NADO planes as a hostile act and 59 00:03:34,760 --> 00:03:36,960 Speaker 1: would either wait until we shot one of them down, 60 00:03:37,000 --> 00:03:38,320 Speaker 1: Because that's what you have to do for a no 61 00:03:38,400 --> 00:03:41,560 Speaker 1: fly zone. Or would just open fire at our or 62 00:03:41,560 --> 00:03:45,440 Speaker 1: our allies planes first, and then beyond that, what happens 63 00:03:45,480 --> 00:03:48,280 Speaker 1: when we decide that we're going to have air bases 64 00:03:48,320 --> 00:03:50,680 Speaker 1: in the region that are playing host to these planes 65 00:03:50,680 --> 00:03:52,640 Speaker 1: that are flying there for the no fly zone, does 66 00:03:52,680 --> 00:03:56,880 Speaker 1: putin start firing missiles at them. That's the reality of 67 00:03:56,920 --> 00:03:58,440 Speaker 1: what a no fly zone would look like. We've not 68 00:03:58,560 --> 00:04:01,440 Speaker 1: done a no fly zone in a country where there 69 00:04:01,520 --> 00:04:05,040 Speaker 1: is a hostile force on the other side with advanced 70 00:04:05,160 --> 00:04:08,080 Speaker 1: planes that can actually shoot down our planes, not to 71 00:04:08,120 --> 00:04:10,480 Speaker 1: mention Russian surface to air missile systems like the S 72 00:04:10,520 --> 00:04:13,800 Speaker 1: three hundred, four hundred and five hundred, which at their 73 00:04:13,840 --> 00:04:17,560 Speaker 1: maximum can go hundreds of miles to target either drones, 74 00:04:17,920 --> 00:04:21,359 Speaker 1: manned or unmanned vehicles in the sky. So this is 75 00:04:21,360 --> 00:04:25,080 Speaker 1: a very serious, very serious issue, very serious problem. So 76 00:04:25,160 --> 00:04:26,600 Speaker 1: let's just take a step back from the no fly 77 00:04:26,720 --> 00:04:28,159 Speaker 1: so because of course it could also lead to a 78 00:04:28,200 --> 00:04:30,720 Speaker 1: full scale war and even nuclear exchange, which would be 79 00:04:30,760 --> 00:04:34,520 Speaker 1: the nightmare scenario that we're trying to avoid in Russia. 80 00:04:34,600 --> 00:04:37,719 Speaker 1: But in the meantime, because even the Democrat administration says 81 00:04:37,720 --> 00:04:39,880 Speaker 1: they don't want to do that, what are we willing 82 00:04:39,880 --> 00:04:44,880 Speaker 1: to do economically? Because right now we have a cognitive 83 00:04:44,880 --> 00:04:48,240 Speaker 1: dissonance here. We want to cripple the Russian economy so 84 00:04:48,279 --> 00:04:51,719 Speaker 1: they stop the Russian war machine, but we're not willing 85 00:04:51,880 --> 00:04:56,039 Speaker 1: to go after the single lifeblood issue of the Russian economy, 86 00:04:56,120 --> 00:05:00,240 Speaker 1: oil and natural gas, the fossil fuel component of its economy. 87 00:05:00,440 --> 00:05:02,880 Speaker 1: Jenzaki is saying, Look, this is why the White House 88 00:05:02,960 --> 00:05:05,640 Speaker 1: is resisting that play. We are looking at options we 89 00:05:05,640 --> 00:05:08,240 Speaker 1: could take right now to cut US consumption of Russian energy, 90 00:05:08,440 --> 00:05:11,679 Speaker 1: but we are very focused on minimizing the impact to families. 91 00:05:11,720 --> 00:05:14,600 Speaker 1: If you reduce supply in the global marketplace, you are 92 00:05:14,640 --> 00:05:18,520 Speaker 1: going to raise gas prices. You're going to raise the 93 00:05:18,560 --> 00:05:21,560 Speaker 1: price of oil, and that is something the President is 94 00:05:21,680 --> 00:05:25,359 Speaker 1: very mindful of and focused on. You're going to rise 95 00:05:25,680 --> 00:05:28,200 Speaker 1: the price of oil. You're going to make the economy 96 00:05:28,600 --> 00:05:31,560 Speaker 1: look really bad in this country for a while. And Democrats, 97 00:05:31,800 --> 00:05:34,280 Speaker 1: as much as they're willing to be authoritarian lunatics when 98 00:05:34,279 --> 00:05:36,960 Speaker 1: it comes to COVID and really anything, they like power 99 00:05:37,440 --> 00:05:39,960 Speaker 1: and they know that there would be a big problem 100 00:05:40,000 --> 00:05:42,080 Speaker 1: for them going into the mid terms. If we have 101 00:05:42,200 --> 00:05:44,239 Speaker 1: oil at one hundred and fifty or two hundred dollars 102 00:05:44,240 --> 00:05:46,800 Speaker 1: a barrel, that's going to be a nightmare scenario for 103 00:05:46,839 --> 00:05:50,080 Speaker 1: them politically speaking here. That's why they're holding back from 104 00:05:50,080 --> 00:05:52,800 Speaker 1: all this. Otherwise, if it meant they could keep more 105 00:05:52,839 --> 00:05:55,159 Speaker 1: seats in Congress, Nancy Pelos, you'd be calling for the 106 00:05:55,160 --> 00:05:58,039 Speaker 1: bombing of Moscow to marrow. They don't care, no principles 107 00:05:58,040 --> 00:06:00,800 Speaker 1: involved here that except for power, they want to stay 108 00:06:00,839 --> 00:06:05,760 Speaker 1: in charge. Jensaki, meanwhile, wants to say that instead of 109 00:06:05,800 --> 00:06:08,320 Speaker 1: producing more, which we know we can do that here 110 00:06:08,360 --> 00:06:12,000 Speaker 1: at home, they want us to focus on reducing dependence 111 00:06:12,040 --> 00:06:15,200 Speaker 1: on fossil fuels in general. Watch, the best thing we 112 00:06:15,240 --> 00:06:18,640 Speaker 1: can do is reduce our dependence on fossil fuels and 113 00:06:18,800 --> 00:06:23,160 Speaker 1: foreign oil, because that will help us have a reliable 114 00:06:23,400 --> 00:06:25,919 Speaker 1: source of energy so that we're not worried about gas 115 00:06:25,960 --> 00:06:29,200 Speaker 1: prices going up because of the whims of a foreign dictator. 116 00:06:29,480 --> 00:06:32,320 Speaker 1: And you guys think that asking Saundi Arabia or Venezuela 117 00:06:32,640 --> 00:06:37,280 Speaker 1: for Iran is reducing our dependence on foreign oil, that's 118 00:06:37,279 --> 00:06:40,440 Speaker 1: actually I just outline each of those specific scenarios and 119 00:06:40,480 --> 00:06:43,480 Speaker 1: the range of discussions that we're having which each of 120 00:06:43,520 --> 00:06:46,159 Speaker 1: those countries. I don't think anybody is advocating for Ron 121 00:06:46,240 --> 00:06:49,919 Speaker 1: to continue acquiring a nuclear weapon, perhaps except for the 122 00:06:49,920 --> 00:06:53,600 Speaker 1: former president who pulled us out of the deal. I mean, 123 00:06:54,000 --> 00:06:56,000 Speaker 1: what she says doesn't even make sense. It's hard to 124 00:06:56,000 --> 00:07:00,120 Speaker 1: analyze because it's just absurd. I would add to all 125 00:07:00,160 --> 00:07:02,520 Speaker 1: of this, though, that they are looking at perhaps getting 126 00:07:02,600 --> 00:07:05,520 Speaker 1: rid of these sanctions on Venezuelan oil, because you know 127 00:07:05,600 --> 00:07:08,479 Speaker 1: Maduro and the socialist lunatics running that country that's gone 128 00:07:08,520 --> 00:07:10,760 Speaker 1: so well, and Iran where they're trying to get a 129 00:07:10,840 --> 00:07:14,240 Speaker 1: nuclear deal. So because we can't have Russian oil, maybe 130 00:07:14,280 --> 00:07:16,600 Speaker 1: we'll go to other dictatorships that also cause problems for 131 00:07:16,680 --> 00:07:20,040 Speaker 1: us in the geopolitical scene, all because we can't produce 132 00:07:20,040 --> 00:07:22,360 Speaker 1: oil at home because their oil is not gross in 133 00:07:22,360 --> 00:07:25,040 Speaker 1: bad Our oil in America that we produce here is 134 00:07:25,120 --> 00:07:28,680 Speaker 1: gross in bad what it makes no sense, But this 135 00:07:28,760 --> 00:07:32,480 Speaker 1: is the climate change religion coming into full display here. 136 00:07:32,480 --> 00:07:35,520 Speaker 1: People can actually see how absurd all of this is 137 00:07:35,560 --> 00:07:39,000 Speaker 1: and how unhelpful it is to have at least a 138 00:07:39,160 --> 00:07:41,560 Speaker 1: portion of the Democrat Party that really calls the shots 139 00:07:42,200 --> 00:07:46,600 Speaker 1: the environmentalist whackos of the left, determining that we can't 140 00:07:46,600 --> 00:07:49,480 Speaker 1: do what's in our geopolitical and economic and national security 141 00:07:49,480 --> 00:07:53,720 Speaker 1: interest by producing more fossil fuel because they think the 142 00:07:53,760 --> 00:07:56,240 Speaker 1: world's gonna end, It's gonna melt because of the co 143 00:07:56,440 --> 00:07:58,080 Speaker 1: two in the air. These people are out of their minds. 144 00:07:58,080 --> 00:08:02,720 Speaker 1: But we're dealing with a crazyocrat parties, no question about that. Meanwhile, 145 00:08:02,760 --> 00:08:06,200 Speaker 1: back in Ukraine and in situation with Russia, the actual 146 00:08:07,120 --> 00:08:10,600 Speaker 1: situation of the hostilities, the Russians have put put out 147 00:08:10,680 --> 00:08:13,160 Speaker 1: terms for a halt in these hostilities, and that would 148 00:08:13,160 --> 00:08:16,240 Speaker 1: include a cessation of military action from the Ukrainians. It 149 00:08:16,400 --> 00:08:20,000 Speaker 1: must Ukraine must change its constitution to enshrine neutrality, acknowledge 150 00:08:20,000 --> 00:08:24,080 Speaker 1: Crimea as Russian territory, and recognize the separatist republics of Donetskan, 151 00:08:24,200 --> 00:08:30,080 Speaker 1: Luhansk as independent states. So that is the list of demands. 152 00:08:30,120 --> 00:08:31,920 Speaker 1: You can say this would be negotiating with terrorists. You 153 00:08:31,960 --> 00:08:34,760 Speaker 1: could say this is unfair, and it certainly is unfair. 154 00:08:35,559 --> 00:08:38,160 Speaker 1: But is it the right move at this point for 155 00:08:38,320 --> 00:08:41,480 Speaker 1: Ukraine to say, all right, let's stop this before we 156 00:08:41,559 --> 00:08:44,120 Speaker 1: lose more lives and let's figure out what the future 157 00:08:44,160 --> 00:08:47,720 Speaker 1: actually looks like dealing with an aggressive Russia that has 158 00:08:47,720 --> 00:08:52,400 Speaker 1: already taken pieces of Ukraine. Is that the way forward? Well, 159 00:08:52,760 --> 00:08:55,880 Speaker 1: the meantime, Vice President Harris is traveling to Poland and Romania. 160 00:08:55,960 --> 00:09:00,880 Speaker 1: Because when you have a really massively important problem with 161 00:09:01,120 --> 00:09:07,439 Speaker 1: lives and perhaps even civilization itself at stake, send Kamala Harris. Yeah, 162 00:09:07,480 --> 00:09:11,480 Speaker 1: she's going to fix it by an administration is a 163 00:09:11,640 --> 00:09:15,319 Speaker 1: deeply unfunny joke. We'll have more of the situation on 164 00:09:15,360 --> 00:09:17,360 Speaker 1: the ground in Ukraine with senior research fell at the 165 00:09:17,360 --> 00:09:20,080 Speaker 1: Heritage Foundation Brett Saddler when we come back. 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That's 184 00:10:10,400 --> 00:10:13,880 Speaker 1: sekure dot com. Use promo code buck for twenty five 185 00:10:13,920 --> 00:10:16,120 Speaker 1: percent off and we'll be right back with more. Hold 186 00:10:16,120 --> 00:10:25,600 Speaker 1: the line now, day twelve of the Russian invasion of Ukraine. 187 00:10:26,120 --> 00:10:28,839 Speaker 1: Russian forces continue lay siege to major cities, in some 188 00:10:28,880 --> 00:10:33,480 Speaker 1: cases dropping ordinance among the civilian population. According to the 189 00:10:33,559 --> 00:10:35,839 Speaker 1: United Nations, more than four hundred and six civilians have 190 00:10:35,880 --> 00:10:38,079 Speaker 1: been killed than a further eight hundred injured in Ukraine 191 00:10:38,080 --> 00:10:41,880 Speaker 1: since the Russian offensive began. Meanwhile, Ukrainians continue to mount 192 00:10:41,880 --> 00:10:45,280 Speaker 1: a fierce resistance against the Russian onslaught. Moscow has already 193 00:10:45,280 --> 00:10:47,160 Speaker 1: paid a heavy price for the invasion, losing hundreds of 194 00:10:47,200 --> 00:10:50,199 Speaker 1: tanks and other vehicles during the two week old conflict. 195 00:10:50,480 --> 00:10:52,520 Speaker 1: Jerviana give his insight into what's happening on the ground 196 00:10:52,559 --> 00:10:54,640 Speaker 1: in Ukraine, is twenty six year naval veteran and senior 197 00:10:54,679 --> 00:10:57,839 Speaker 1: fellow at the Heritage Foundation. Brent Saddler, Brent, thanks for 198 00:10:57,920 --> 00:11:00,520 Speaker 1: being with us, Thank you for having me on today. 199 00:11:00,880 --> 00:11:03,559 Speaker 1: So let's start with this. We're deeper into this than 200 00:11:03,559 --> 00:11:06,400 Speaker 1: in the early days, where it seemed like a big 201 00:11:06,440 --> 00:11:11,040 Speaker 1: focus of the news coverage. The reporting was on the 202 00:11:11,120 --> 00:11:14,960 Speaker 1: Ukrainian resistance much stronger than anticipated and doing much better. 203 00:11:15,000 --> 00:11:17,640 Speaker 1: That was let's say the first seventy two hours. Let's 204 00:11:17,679 --> 00:11:22,240 Speaker 1: start with that reality. What's true, what's not? How is 205 00:11:22,280 --> 00:11:26,320 Speaker 1: it going for the Ukrainian military and militia that is 206 00:11:26,320 --> 00:11:30,000 Speaker 1: fighting against this Russian invasion, How is it actually stacking up. 207 00:11:31,280 --> 00:11:33,400 Speaker 1: So aside from the fact that I think Putin and 208 00:11:33,480 --> 00:11:36,920 Speaker 1: his top general's definitely miscalculated on the resolve of the 209 00:11:37,000 --> 00:11:40,199 Speaker 1: Ukrainian people and their military to stand their ground, I'm 210 00:11:40,280 --> 00:11:42,800 Speaker 1: not sure it's knocked them off far enough off their 211 00:11:43,520 --> 00:11:47,839 Speaker 1: planned operations to really significantly change their trajectory of what 212 00:11:48,200 --> 00:11:50,400 Speaker 1: we see on the ground right now. And so the 213 00:11:50,440 --> 00:11:52,080 Speaker 1: second phase that we're in right now, this is the 214 00:11:52,120 --> 00:11:55,120 Speaker 1: siege warfare. The next phase will be to isolate Ukraine 215 00:11:55,320 --> 00:11:59,840 Speaker 1: diplomatically and also militarily and then continue to strangle them 216 00:11:59,880 --> 00:12:02,960 Speaker 1: in to submission. And so we'll see how long that goes. 217 00:12:03,040 --> 00:12:05,080 Speaker 1: I think a key factor that is how stiff a 218 00:12:05,160 --> 00:12:07,840 Speaker 1: resolve the Ukrainian militarian people are to be able to 219 00:12:07,880 --> 00:12:11,240 Speaker 1: put up against the Russians in this next third phase, 220 00:12:12,040 --> 00:12:15,480 Speaker 1: this kind of wearing each other down phase. And how 221 00:12:15,559 --> 00:12:20,880 Speaker 1: much have the anti tank missiles, the shoulder fired missiles 222 00:12:21,120 --> 00:12:25,160 Speaker 1: like the Javelin anti tank system and other munitions that 223 00:12:25,240 --> 00:12:28,000 Speaker 1: the West has brought into the conflict and given to 224 00:12:28,040 --> 00:12:32,240 Speaker 1: the Ukrainians. Has that surprised the Russians dramatically? Were they 225 00:12:32,240 --> 00:12:36,720 Speaker 1: prepared for this? I mean, essentially, is there a possibility 226 00:12:36,800 --> 00:12:39,240 Speaker 1: here of slowing this down to the point where the 227 00:12:39,280 --> 00:12:42,680 Speaker 1: Russians decide to super peace, Because that's what everyone's wondering 228 00:12:42,679 --> 00:12:45,160 Speaker 1: about right now. I mean, how do they actually see 229 00:12:45,280 --> 00:12:48,200 Speaker 1: the ground war in terms of their ultimate aims and 230 00:12:48,280 --> 00:12:51,760 Speaker 1: the list that they've put out for negotiation. I think 231 00:12:51,760 --> 00:12:55,440 Speaker 1: we're shifting into an attrition battle. Can the Russians maintain 232 00:12:55,480 --> 00:12:59,959 Speaker 1: a significant military force in Ukraine while withering whatever resist 233 00:13:00,040 --> 00:13:02,160 Speaker 1: since the Ukrainian people are able to put up And 234 00:13:02,240 --> 00:13:04,240 Speaker 1: that's a function of how many of these weapons and 235 00:13:04,280 --> 00:13:07,559 Speaker 1: capabilities are able to continue to flow into Ukraine, how 236 00:13:07,600 --> 00:13:10,600 Speaker 1: many that the West is willing to also offer the 237 00:13:10,679 --> 00:13:13,760 Speaker 1: current discussion right now is centering around mid twenty nine's 238 00:13:13,840 --> 00:13:17,959 Speaker 1: being on offer from Poland that would significantly plus up 239 00:13:18,000 --> 00:13:21,480 Speaker 1: the Ukrainian air force and the losses they've suffered so far. 240 00:13:21,800 --> 00:13:24,760 Speaker 1: So these type of things actually go into prolonging the 241 00:13:24,880 --> 00:13:27,320 Speaker 1: duration of the conflict, and I think the longer that 242 00:13:27,360 --> 00:13:29,200 Speaker 1: the Ukrainian people are able to stay in the fight, 243 00:13:29,440 --> 00:13:31,520 Speaker 1: the worse it is for the Russians, and the more 244 00:13:31,640 --> 00:13:34,959 Speaker 1: likely they have to negotiate. We're seeing some indications of that, 245 00:13:35,800 --> 00:13:38,400 Speaker 1: but I don't think it's been long enough yet againting 246 00:13:38,480 --> 00:13:43,160 Speaker 1: captured documents, battlefield documents, and some military experts that have 247 00:13:43,240 --> 00:13:45,480 Speaker 1: been also commenting on this all kind of focus in 248 00:13:45,520 --> 00:13:49,720 Speaker 1: around two weeks of planned operations, So we're still within 249 00:13:49,960 --> 00:13:53,800 Speaker 1: the window of planned operations from the Russian perspective, and 250 00:13:53,840 --> 00:13:56,040 Speaker 1: I wouldn't be too quick to say that the losses, 251 00:13:56,040 --> 00:13:59,640 Speaker 1: while high by Western standards, may not be high enough 252 00:13:59,679 --> 00:14:03,679 Speaker 1: from Russian military planners side to warrant a change of approach. 253 00:14:04,520 --> 00:14:06,200 Speaker 1: And what do we need to know of this phase 254 00:14:06,360 --> 00:14:10,360 Speaker 1: about the aerial threat to Ukrainian forces because there's so 255 00:14:10,480 --> 00:14:13,559 Speaker 1: much talk right now Brent about whether there should be 256 00:14:13,679 --> 00:14:17,400 Speaker 1: a no fly zone or not, and the Biden administration 257 00:14:17,520 --> 00:14:20,720 Speaker 1: so far has said absolutely not that can yield that 258 00:14:20,960 --> 00:14:24,440 Speaker 1: could result in a full scale war with Russia. So, 259 00:14:24,520 --> 00:14:27,560 Speaker 1: assuming there isn't a no fly zone, what is being 260 00:14:27,560 --> 00:14:29,480 Speaker 1: done on what can be done by the Ukrainians to 261 00:14:29,560 --> 00:14:32,440 Speaker 1: try to deal with the tremendous superiority in the air 262 00:14:32,480 --> 00:14:36,360 Speaker 1: that the Russian Federation's military can bring to bear. So 263 00:14:36,400 --> 00:14:40,520 Speaker 1: I'm not sure that Russia has attained air superiority yet. 264 00:14:41,120 --> 00:14:45,040 Speaker 1: Ukraine's air defenses are still functioning. The daily reports that 265 00:14:45,160 --> 00:14:48,200 Speaker 1: Department of Defense is making is making that very clear, 266 00:14:48,680 --> 00:14:50,960 Speaker 1: and I think the supplying of the additional mid twenty 267 00:14:51,000 --> 00:14:54,560 Speaker 1: nines would probably help bolster that. So it's still very 268 00:14:54,640 --> 00:14:58,160 Speaker 1: much contested air space. If the Russians actually did but 269 00:14:58,320 --> 00:15:00,680 Speaker 1: the full force of their air force into the fight, 270 00:15:01,200 --> 00:15:03,960 Speaker 1: it may change things very rapidly, and then that would 271 00:15:03,960 --> 00:15:09,880 Speaker 1: provide them uncontested air control. Your expectations and your expectation, Brent, 272 00:15:09,960 --> 00:15:11,640 Speaker 1: that they will they will do that as part of 273 00:15:11,680 --> 00:15:15,080 Speaker 1: the escalation plan that putin and as top military advisors have, 274 00:15:15,400 --> 00:15:17,320 Speaker 1: they'll put more planes in the sky so that they 275 00:15:17,320 --> 00:15:21,680 Speaker 1: have total air dominance. Yes, they're not trained for as 276 00:15:22,240 --> 00:15:25,840 Speaker 1: joint operations, you know, air with ground coordinated operations, So 277 00:15:25,880 --> 00:15:29,240 Speaker 1: you move your ground air defenses into position as you 278 00:15:29,320 --> 00:15:31,640 Speaker 1: lay siege to the cities, and then you flow your 279 00:15:31,680 --> 00:15:34,360 Speaker 1: air forces in and you coordinate by time and space. 280 00:15:34,520 --> 00:15:36,800 Speaker 1: That's about It's the simplest way to do it. So 281 00:15:37,040 --> 00:15:39,240 Speaker 1: I think it's a it's just a matter of time 282 00:15:39,280 --> 00:15:41,920 Speaker 1: before they get all their defenses in position, and then 283 00:15:41,920 --> 00:15:46,080 Speaker 1: you'll see more air force power coming in. What are 284 00:15:46,120 --> 00:15:50,200 Speaker 1: your What should people know about a no fly zone, 285 00:15:50,280 --> 00:15:53,000 Speaker 1: both what that would take to implement, and what do 286 00:15:53,080 --> 00:15:56,320 Speaker 1: you see as the as the Russian response in terms 287 00:15:56,320 --> 00:15:58,760 Speaker 1: of probability. I know we don't know for sure, but 288 00:15:58,800 --> 00:16:01,680 Speaker 1: what do you think would happen? Well, I think the 289 00:16:01,720 --> 00:16:04,680 Speaker 1: option for a new fly zone was passed months ago. 290 00:16:04,920 --> 00:16:08,080 Speaker 1: It should have been part of the deterrent acts that 291 00:16:08,160 --> 00:16:12,040 Speaker 1: the administration took. Sadly, now, inserting in a new fly 292 00:16:12,160 --> 00:16:15,360 Speaker 1: zone in a contested airspace against a nuclear armed peer 293 00:16:15,400 --> 00:16:20,000 Speaker 1: competitor in Russia is inherently exclatory and dangerous, and would 294 00:16:20,040 --> 00:16:23,880 Speaker 1: have to expect that there'd be losses that actually could 295 00:16:24,000 --> 00:16:26,280 Speaker 1: lead to a series of events that are uncontrollable. So 296 00:16:26,400 --> 00:16:29,040 Speaker 1: I think the window for doing that's long since passed. 297 00:16:29,440 --> 00:16:31,480 Speaker 1: That being said, there's a lot of creative things that 298 00:16:31,520 --> 00:16:33,880 Speaker 1: can be done that you could have a de facto 299 00:16:34,440 --> 00:16:37,160 Speaker 1: no fly zone, long range surface to air missiles I 300 00:16:37,240 --> 00:16:41,200 Speaker 1: think like Patriot batteries, the use of air early warning 301 00:16:41,400 --> 00:16:46,320 Speaker 1: from NATO countries providing information to Ukrainian forces. Now, this 302 00:16:46,440 --> 00:16:49,600 Speaker 1: requires a degree of command and control and communication that 303 00:16:49,680 --> 00:16:53,040 Speaker 1: we haven't practiced or seen demonstrated to yet, So it'd 304 00:16:53,040 --> 00:16:55,880 Speaker 1: be very complex in a peacetime very hard in a 305 00:16:55,920 --> 00:17:00,000 Speaker 1: wartime situation. Is there any scenario in which you feel 306 00:17:00,320 --> 00:17:03,400 Speaker 1: the Russians will not be able to achieve if they 307 00:17:03,480 --> 00:17:07,560 Speaker 1: stay in the fight and again, absent a US intervention 308 00:17:07,640 --> 00:17:09,359 Speaker 1: such as a no fly zone, take will take that 309 00:17:09,440 --> 00:17:11,880 Speaker 1: off the chessboard for a second here, Brent. Is there 310 00:17:11,880 --> 00:17:14,920 Speaker 1: any scenario which you think the Ukrainians are able to 311 00:17:15,000 --> 00:17:21,359 Speaker 1: force a Russian withdrawal without their objectives achieved militarily? Absolutely, 312 00:17:21,400 --> 00:17:24,520 Speaker 1: there's still a lot of fight in Ukraine. The Russians 313 00:17:24,600 --> 00:17:27,920 Speaker 1: still have a lot of firepower. Absolutely, But the morale 314 00:17:28,000 --> 00:17:31,160 Speaker 1: that we're seeing of the Russian troops, we're seeing some indications, 315 00:17:31,240 --> 00:17:34,919 Speaker 1: not uniformly, but some indication morale is not what it 316 00:17:34,960 --> 00:17:37,919 Speaker 1: should be or needs to be. And then the Russian people, 317 00:17:39,359 --> 00:17:41,440 Speaker 1: they are in a state of shock that their country 318 00:17:41,560 --> 00:17:45,480 Speaker 1: is involved in this war. We're getting anecdotal reports of 319 00:17:45,720 --> 00:17:48,360 Speaker 1: protests and people being put in jail. But I can 320 00:17:48,359 --> 00:17:51,920 Speaker 1: tell you from my perspective and insight into the Russian 321 00:17:52,000 --> 00:17:56,000 Speaker 1: people again, watching their news, listening to what they're saying 322 00:17:56,200 --> 00:17:58,280 Speaker 1: leading up to this, I don't think they had any 323 00:17:58,320 --> 00:18:01,720 Speaker 1: expectations that they would be, you know, in a fight 324 00:18:01,760 --> 00:18:04,680 Speaker 1: with the Ukrainian people. So there's also been some reports. 325 00:18:05,400 --> 00:18:07,199 Speaker 1: I'm sorry, brand it's what I ask because I know 326 00:18:07,240 --> 00:18:11,120 Speaker 1: you're a long time navy guy. There's been reporting about 327 00:18:11,160 --> 00:18:13,760 Speaker 1: possible anti ship missiles because part of this offensive from 328 00:18:13,800 --> 00:18:16,320 Speaker 1: the Russians has involved the Black Sea, the Sea of 329 00:18:16,320 --> 00:18:21,280 Speaker 1: Azov and the deployment of amphibious forces. What what would 330 00:18:21,280 --> 00:18:23,440 Speaker 1: that look like? And you think that's a good idea 331 00:18:23,520 --> 00:18:25,760 Speaker 1: giving anti ship missiles to the Ukrainians to actually be 332 00:18:25,800 --> 00:18:30,080 Speaker 1: able to engage Russian ships offshore. Oh? Absolutely. In fact, 333 00:18:30,320 --> 00:18:32,440 Speaker 1: quietly in the background have been saying the same thing 334 00:18:32,480 --> 00:18:35,160 Speaker 1: for quite some time. It's the same type of weapons 335 00:18:35,160 --> 00:18:38,200 Speaker 1: system to be offered to the people in Taiwan to 336 00:18:38,320 --> 00:18:41,760 Speaker 1: defend themselves against a Chinese invasion as well. So what 337 00:18:41,920 --> 00:18:44,240 Speaker 1: I what I haven't seen is reporting on the use 338 00:18:44,280 --> 00:18:47,800 Speaker 1: of these systems. The Ukrainians actually have one and indigenously 339 00:18:47,840 --> 00:18:51,600 Speaker 1: built one called Neptune, and no reports that they've deployed it. 340 00:18:51,600 --> 00:18:55,920 Speaker 1: It wasn't due to be in full operational capacity until April, 341 00:18:56,400 --> 00:18:59,240 Speaker 1: but the likely they have a few units available probably 342 00:18:59,280 --> 00:19:02,280 Speaker 1: pretty high. No reporting that they've used it. We did 343 00:19:02,320 --> 00:19:06,200 Speaker 1: get and there has been some reporting of a Russian 344 00:19:06,520 --> 00:19:10,400 Speaker 1: patrol vessel small warship that was attacked and damaged by 345 00:19:10,640 --> 00:19:14,360 Speaker 1: a rocket launching system an army system, So there's still 346 00:19:14,440 --> 00:19:17,000 Speaker 1: there's still a potential there, but it's been relatively quiet 347 00:19:17,040 --> 00:19:21,120 Speaker 1: on the naval front, at least from information. All right, brand, 348 00:19:21,400 --> 00:19:24,520 Speaker 1: thanks for the expertise. Appreciate you joining us. Thank you 349 00:19:24,600 --> 00:19:29,439 Speaker 1: very much. Western nations have slop major sanctions on Russia, 350 00:19:29,480 --> 00:19:32,280 Speaker 1: but many leaders, including Joe Biden, remain unwilling to hit 351 00:19:32,320 --> 00:19:34,359 Speaker 1: Putin where it would hurt the most, banning Russian oil 352 00:19:34,400 --> 00:19:37,399 Speaker 1: and gas imports. Coming up, former US Department of Energy 353 00:19:37,440 --> 00:19:39,640 Speaker 1: official Ed McGuinness is going to join us to make 354 00:19:39,680 --> 00:19:41,959 Speaker 1: sense of all that. The first, let's talk about protecting 355 00:19:42,000 --> 00:19:44,560 Speaker 1: the most viable asset you own. 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That's 373 00:20:26,480 --> 00:20:30,080 Speaker 1: home titlelock dot com. Ed mcguinnis Joints. When we come 374 00:20:30,080 --> 00:20:38,880 Speaker 1: back to bad news to start the week, the US 375 00:20:38,960 --> 00:20:42,240 Speaker 1: gas price has reached a national average of four dollars 376 00:20:42,240 --> 00:20:45,040 Speaker 1: per gallon, the highest and over a decade. This is 377 00:20:45,080 --> 00:20:49,359 Speaker 1: the Biden administration now considers banning imports of Russian oil. Watch. 378 00:20:49,760 --> 00:20:52,600 Speaker 1: We are now talking to our European partners and allies 379 00:20:52,640 --> 00:20:56,760 Speaker 1: to look in a coordinated way at the prospect of 380 00:20:56,760 --> 00:20:59,480 Speaker 1: banning the import of Russian oil while making sure that 381 00:20:59,520 --> 00:21:02,919 Speaker 1: there is still an appropriate supply of oil on world markets. 382 00:21:03,000 --> 00:21:05,679 Speaker 1: That's a very active discussion as we speak. Do mean 383 00:21:05,800 --> 00:21:09,639 Speaker 1: now to discuss Edward McGinnis, former Acting Assistant Secretary for 384 00:21:09,920 --> 00:21:13,399 Speaker 1: Nuclear Energy and CEO of the nuclear innovation and technology 385 00:21:13,520 --> 00:21:17,200 Speaker 1: development company Curio, and thanks for being with us, I 386 00:21:17,320 --> 00:21:20,040 Speaker 1: please you'd be here about it. So let's start with this. 387 00:21:20,960 --> 00:21:24,200 Speaker 1: How bad are these gas prices versus what we've seen? 388 00:21:24,240 --> 00:21:26,719 Speaker 1: I mean the national average right now? We had one 389 00:21:26,760 --> 00:21:29,879 Speaker 1: year ago two seventy seven. A month ago three dollars 390 00:21:29,880 --> 00:21:31,960 Speaker 1: and forty four cents, a week ago, three dollars and 391 00:21:32,000 --> 00:21:35,199 Speaker 1: sixty one cents. Today four dollars and seven cents. My 392 00:21:35,320 --> 00:21:38,520 Speaker 1: understanding is the highest in pure dollar terms, not adjusted 393 00:21:38,560 --> 00:21:41,359 Speaker 1: for inflation, was four dollars and ten cents back in 394 00:21:41,359 --> 00:21:45,080 Speaker 1: two thousand and eight. So these prices seem pretty high, right, 395 00:21:45,080 --> 00:21:47,800 Speaker 1: I mean, well, what's going on here? Indeed, it looks 396 00:21:47,800 --> 00:21:51,600 Speaker 1: like we're flirting with record prices now. I'm certainly not 397 00:21:51,680 --> 00:21:53,919 Speaker 1: an oil and gas expert, as you know, I'm in 398 00:21:53,920 --> 00:21:56,320 Speaker 1: the nuclear field and I've been working in the field 399 00:21:56,359 --> 00:22:00,119 Speaker 1: for almost thirty years. But I can certainly relate to 400 00:22:01,080 --> 00:22:05,000 Speaker 1: the escalating prices, in particular when you are impacted by 401 00:22:05,119 --> 00:22:10,520 Speaker 1: geostrategic adversaries who at times have locks and certainly a 402 00:22:10,680 --> 00:22:15,359 Speaker 1: determinative role in the pricing because we've allowed, frankly in 403 00:22:15,400 --> 00:22:20,040 Speaker 1: the past, ourselves to get in this ard position now 404 00:22:20,440 --> 00:22:22,880 Speaker 1: specific So, okay, gas, there's a big debate right down 405 00:22:22,920 --> 00:22:25,600 Speaker 1: the country over how we could, first of all, what 406 00:22:25,640 --> 00:22:27,760 Speaker 1: should we do Visavi Russia and how we could get 407 00:22:27,760 --> 00:22:31,600 Speaker 1: more gas online. There's possible overtures of administration to Iran, 408 00:22:31,720 --> 00:22:34,399 Speaker 1: to Venezuela, to the saudiast right, so put that aside 409 00:22:34,400 --> 00:22:37,480 Speaker 1: for a second. Some people are pointing out that nuclear energy, 410 00:22:37,520 --> 00:22:40,639 Speaker 1: which is your direct area of expertise, said could really 411 00:22:40,680 --> 00:22:44,840 Speaker 1: be helpful here. Elon Musk, who certainly knows something about 412 00:22:44,840 --> 00:22:47,720 Speaker 1: power and batteries and all of that tweeted out hopefully. 413 00:22:47,760 --> 00:22:50,960 Speaker 1: It is now extremely obvious that Europe should restart dormant 414 00:22:51,119 --> 00:22:54,800 Speaker 1: nuclear power stations and increase power output of existing ones. 415 00:22:54,800 --> 00:22:58,440 Speaker 1: This is critical to our national international security. Where are 416 00:22:58,520 --> 00:23:01,639 Speaker 1: we on the nuclear issue and how much of the shortfall? 417 00:23:02,400 --> 00:23:04,960 Speaker 1: Really I better way of putting this, how much of 418 00:23:04,960 --> 00:23:07,440 Speaker 1: our energy do we get and could we get from 419 00:23:07,560 --> 00:23:12,880 Speaker 1: nuclear if there was a policy decision to shift toward it. Well, 420 00:23:12,920 --> 00:23:16,960 Speaker 1: then the worldwide, ten percent of the electricity is from nuclear. 421 00:23:17,359 --> 00:23:20,680 Speaker 1: Within the United States, twenty percent of our electricity comes 422 00:23:20,720 --> 00:23:23,280 Speaker 1: from nuclear, and if you put it in a clean 423 00:23:23,840 --> 00:23:27,840 Speaker 1: electricity generation perspective, in the United States, over fifty percent 424 00:23:28,000 --> 00:23:32,320 Speaker 1: of all electricity that is considered noncarbon emitting is from nuclear. 425 00:23:32,640 --> 00:23:34,919 Speaker 1: If you pivot to Europe and you see what is happening, 426 00:23:35,000 --> 00:23:38,439 Speaker 1: some countries like France have absolutely wisely seen the value 427 00:23:38,480 --> 00:23:43,720 Speaker 1: of nuclear. It's a geostrategic issue, it's an energy security issue, 428 00:23:43,840 --> 00:23:48,040 Speaker 1: and it can also contribute to climate priorities. But Germany, 429 00:23:48,440 --> 00:23:53,000 Speaker 1: until I would say, there's still on this illogical path unfortunately, 430 00:23:53,200 --> 00:23:57,760 Speaker 1: of shutting down a prize fleet of thirty three nuclear reactors. 431 00:23:57,760 --> 00:24:00,600 Speaker 1: They only have I understand three left. That's reading, and 432 00:24:00,640 --> 00:24:03,320 Speaker 1: they're doing this in the face of pushing themselves towards 433 00:24:03,359 --> 00:24:06,879 Speaker 1: dependence on Russian national gas, which to me makes no sense. 434 00:24:07,600 --> 00:24:11,240 Speaker 1: Just last week, Senator Marco Rubio commented on the energy 435 00:24:11,280 --> 00:24:14,640 Speaker 1: crisis that's unfolding right now, and said that he supports 436 00:24:14,720 --> 00:24:17,000 Speaker 1: nuclear energy, and he addressed the issue of safety. I 437 00:24:17,040 --> 00:24:18,920 Speaker 1: want to have his comments played for you, ed and 438 00:24:18,920 --> 00:24:21,280 Speaker 1: then we'll come back and talk to us about this. 439 00:24:21,520 --> 00:24:24,199 Speaker 1: I have no problem with renewables, I have no problem 440 00:24:24,240 --> 00:24:27,080 Speaker 1: with carbon capture. I have no problem with being able 441 00:24:27,119 --> 00:24:32,360 Speaker 1: to find alternative ways of generating energy. Nuclear energy, yes, absolutely, 442 00:24:32,480 --> 00:24:34,199 Speaker 1: and I think it can be done safely, as we 443 00:24:34,320 --> 00:24:36,480 Speaker 1: prove every single day in this country and around the world. 444 00:24:36,520 --> 00:24:37,919 Speaker 1: And it's one of the bigger mistakes some of the 445 00:24:37,920 --> 00:24:40,720 Speaker 1: countries in Europe have made. They've walked away from nuclear energy, 446 00:24:40,960 --> 00:24:43,119 Speaker 1: which is a plain source of energy. Obviously, know the 447 00:24:43,160 --> 00:24:44,879 Speaker 1: issue there is always where do you put the waste? 448 00:24:45,160 --> 00:24:46,959 Speaker 1: But the truth of the matter is it is a 449 00:24:47,040 --> 00:24:50,159 Speaker 1: very clean way to generate energy, very reliable, and it 450 00:24:50,160 --> 00:24:52,600 Speaker 1: can be done safely, as we do every single day 451 00:24:52,640 --> 00:24:55,800 Speaker 1: in this country in multiple sites. So what is the 452 00:24:55,800 --> 00:24:59,959 Speaker 1: truth of that in terms of safety and the downside? 453 00:25:00,640 --> 00:25:05,040 Speaker 1: Why have some governments, including our own, either somewhat or 454 00:25:05,200 --> 00:25:08,600 Speaker 1: largely turned away from nuclear as a means of trying 455 00:25:08,600 --> 00:25:14,240 Speaker 1: to get away from fossil fuel. Well, nuclear reactors today 456 00:25:14,760 --> 00:25:19,280 Speaker 1: are the safest they've ever been in our history. Nuclear reactors, 457 00:25:19,280 --> 00:25:22,399 Speaker 1: certainly in the United States, have never gone through greater 458 00:25:22,560 --> 00:25:26,920 Speaker 1: scrutiny to look at and prepare for any and own 459 00:25:27,240 --> 00:25:32,640 Speaker 1: scenarios with regards to interruptions and challenges to the safety. 460 00:25:32,680 --> 00:25:37,280 Speaker 1: So I feel very comfortable, very confident that not only 461 00:25:37,320 --> 00:25:40,359 Speaker 1: in the US, but certainly in Europe too, there is 462 00:25:40,400 --> 00:25:45,399 Speaker 1: a very stringe and regulatory system to ensure our nuclear 463 00:25:45,400 --> 00:25:49,119 Speaker 1: reactors are run safely. The next generation of reactors that 464 00:25:49,160 --> 00:25:53,119 Speaker 1: are coming in the market now, they've taken an even 465 00:25:53,240 --> 00:25:55,520 Speaker 1: greater step of safety, to the point of what we 466 00:25:55,680 --> 00:26:00,479 Speaker 1: call passive safety design systems. Literally, if you lose power 467 00:26:00,840 --> 00:26:05,080 Speaker 1: electricity to cool the reactor, if you have no human 468 00:26:05,160 --> 00:26:09,360 Speaker 1: interdition intervention like a plan operator coming in, these next 469 00:26:09,400 --> 00:26:13,800 Speaker 1: generation reactors are designed to shut down passively and safely. 470 00:26:14,200 --> 00:26:18,119 Speaker 1: So I agree with the Senator that on safety issue, 471 00:26:18,440 --> 00:26:21,920 Speaker 1: that these reactors are safe, and I would say it's 472 00:26:21,960 --> 00:26:25,399 Speaker 1: based on a legacy of policies going back to Carter 473 00:26:25,800 --> 00:26:28,560 Speaker 1: that has set us on this path where we are 474 00:26:28,640 --> 00:26:33,040 Speaker 1: not valuing or energy and certainly not as the multiple 475 00:26:33,200 --> 00:26:36,679 Speaker 1: value proposition that Russia and China and others have already gotten, 476 00:26:37,000 --> 00:26:40,280 Speaker 1: and they're absolutely off to the races to not only 477 00:26:40,400 --> 00:26:42,600 Speaker 1: double down on nuclear, but to use it as this 478 00:26:42,800 --> 00:26:47,040 Speaker 1: geostrategic advantage vice the United States. How do you think 479 00:26:47,040 --> 00:26:50,320 Speaker 1: we can get the policy community, just generally speaking, to 480 00:26:50,480 --> 00:26:54,680 Speaker 1: view nuclear energy as an important way forward for you. 481 00:26:55,440 --> 00:26:57,240 Speaker 1: On the one side of the aisle, they might focus 482 00:26:57,240 --> 00:27:00,359 Speaker 1: more on the national security implications of domestic energy adoction, 483 00:27:00,400 --> 00:27:02,240 Speaker 1: which is true and real. On the other side of 484 00:27:02,240 --> 00:27:04,440 Speaker 1: the aisle will be focusing, of course on the clean 485 00:27:04,680 --> 00:27:07,960 Speaker 1: energy component of it for COO two emissions purposes. But 486 00:27:08,000 --> 00:27:10,439 Speaker 1: it feels like nuclear could make both sides happy. So 487 00:27:10,480 --> 00:27:13,640 Speaker 1: how do we get both sides to see this? Actually, 488 00:27:13,680 --> 00:27:16,520 Speaker 1: I think we're already getting there. I would argue that 489 00:27:16,720 --> 00:27:22,200 Speaker 1: nuclear is the most bipartisan supported energy sector. I have 490 00:27:22,320 --> 00:27:26,400 Speaker 1: worked under multiple administration, six presidents, and I've never seen 491 00:27:26,440 --> 00:27:29,160 Speaker 1: the stars in alignment like I've seen now with regards 492 00:27:29,200 --> 00:27:33,080 Speaker 1: to bipartisans support on the hill. I see at firsthand 493 00:27:32,600 --> 00:27:36,560 Speaker 1: for Democrats and Republicans for different reasons, and some for 494 00:27:36,600 --> 00:27:40,200 Speaker 1: the same reasons. So I think we're in a strong position. 495 00:27:40,320 --> 00:27:44,760 Speaker 1: I still think that it's certainly the industry we need 496 00:27:44,800 --> 00:27:49,399 Speaker 1: to continue to convey the opportunities to address one of 497 00:27:49,400 --> 00:27:54,080 Speaker 1: the last greatest challenges in the public perception perspective, and 498 00:27:54,160 --> 00:27:56,399 Speaker 1: that is what to do with the waste. The fact 499 00:27:56,520 --> 00:27:59,200 Speaker 1: is it's not waste. We only use about four percent 500 00:27:59,320 --> 00:28:02,680 Speaker 1: of the energy value in the fuel that goes through 501 00:28:02,840 --> 00:28:06,480 Speaker 1: our country's nuclear reactors. When it's pulled out, it's at 502 00:28:06,520 --> 00:28:09,919 Speaker 1: one of its highest level of radio toxicities. Yes, but 503 00:28:10,080 --> 00:28:13,679 Speaker 1: it has ninety six percent or so and the energy left. 504 00:28:14,160 --> 00:28:17,760 Speaker 1: And so we, for example, the company I'm with and 505 00:28:17,960 --> 00:28:20,800 Speaker 1: others in the US industry, we're ready to offer the 506 00:28:20,840 --> 00:28:24,639 Speaker 1: solution and turn this into a national asset. The use 507 00:28:24,800 --> 00:28:27,720 Speaker 1: nuclear fuel around a country eighty six thousand metric tons 508 00:28:27,720 --> 00:28:31,120 Speaker 1: in seventy five locations. It is not a waste by 509 00:28:31,200 --> 00:28:34,760 Speaker 1: any stretch of imagination. Just as the French, as the Russians, 510 00:28:34,800 --> 00:28:40,640 Speaker 1: as the Chinese. This is a national stockpile of energy, 511 00:28:41,120 --> 00:28:44,920 Speaker 1: of clean energy. There's enough in the stockpile of use 512 00:28:45,040 --> 00:28:47,520 Speaker 1: nuclear fuel that we have in this country to literally 513 00:28:47,560 --> 00:28:50,480 Speaker 1: power the United States for a hundred years. That's how 514 00:28:50,520 --> 00:28:55,320 Speaker 1: much vast in that. And so it is not a waste. 515 00:28:55,400 --> 00:28:58,480 Speaker 1: And we have companies like mine who are ready to 516 00:28:58,520 --> 00:29:01,440 Speaker 1: turn this into a win win. When a value proposition 517 00:29:01,840 --> 00:29:06,080 Speaker 1: fully monetize the isotopes and the atoms in there, for medical, 518 00:29:06,440 --> 00:29:10,800 Speaker 1: for energy security, for cleaning, energy, for space based power sources. 519 00:29:10,840 --> 00:29:13,600 Speaker 1: So this is not a waste. We need the regulators 520 00:29:13,640 --> 00:29:16,120 Speaker 1: to set it up where we can have a streamlined 521 00:29:16,240 --> 00:29:19,920 Speaker 1: process for the industry to solve this problem once in 522 00:29:19,960 --> 00:29:23,840 Speaker 1: for all. Ed appreciate the expertise. Thanks for being with us, 523 00:29:23,840 --> 00:29:29,040 Speaker 1: my pleasure. Negotiations continue between Russia and Ukraine, with Moscow 524 00:29:29,080 --> 00:29:31,680 Speaker 1: offering to end hostilities if the Ukrainian government complies with 525 00:29:31,720 --> 00:29:34,920 Speaker 1: a list of its demands. So should Ukraine try to 526 00:29:34,920 --> 00:29:36,640 Speaker 1: take this off ramp? Is it a real off ramp? 527 00:29:36,680 --> 00:29:38,840 Speaker 1: Host of human events Daily Jack Posova gives us his 528 00:29:38,920 --> 00:29:49,320 Speaker 1: opinion when we come back. Russia claiming a ceasefire in Ukraine, 529 00:29:49,440 --> 00:29:51,800 Speaker 1: saying it will hold fire to give civilians a chance 530 00:29:51,840 --> 00:29:54,719 Speaker 1: to get out. This as the nation's claims. More than 531 00:29:54,760 --> 00:29:57,640 Speaker 1: one point seven million Ukrainians have fled the country since 532 00:29:57,640 --> 00:30:00,240 Speaker 1: the war began. That's a refugee crisis so of a 533 00:30:00,280 --> 00:30:03,800 Speaker 1: scale not seen in Europe since World War Two. Yesterday, 534 00:30:03,880 --> 00:30:07,880 Speaker 1: Ukraine's presence Zelenski slammed Western leaders for not doing enough. 535 00:30:07,960 --> 00:30:13,480 Speaker 1: Watch this is deliberate murder. The aggressive's audacity is a 536 00:30:13,480 --> 00:30:16,840 Speaker 1: clear signal to the West that sanctions impost against Russia 537 00:30:16,920 --> 00:30:20,040 Speaker 1: are not enough. But they haven't got them, they haven't 538 00:30:20,080 --> 00:30:22,480 Speaker 1: felt them over there. They've not noticed that the world 539 00:30:22,560 --> 00:30:26,040 Speaker 1: is truly resolute, truly seeking to stop this war. You 540 00:30:26,080 --> 00:30:30,000 Speaker 1: will not hide from this reality. The meantime, Russia has 541 00:30:30,040 --> 00:30:34,200 Speaker 1: told Ukraine it is ready to halt military operations quote 542 00:30:34,240 --> 00:30:37,400 Speaker 1: in a moment if Kiev meets a list of conditions. 543 00:30:37,480 --> 00:30:40,200 Speaker 1: This is according to a Crumlin spokesman today. They're demanding 544 00:30:40,200 --> 00:30:45,120 Speaker 1: that Ukraine cease military action, change its constitution to enshrine neutrality, 545 00:30:45,480 --> 00:30:49,920 Speaker 1: acknowledge Crimea as Russian territory, and recognize the separatist republics 546 00:30:49,920 --> 00:30:55,160 Speaker 1: of Donets and Luhansk as independent states. So should Zelenski 547 00:30:55,240 --> 00:30:58,560 Speaker 1: take the deal? Our next guest says yes, Jack Bosobic, 548 00:30:58,840 --> 00:31:01,640 Speaker 1: host of Human Events. It joins me now to discuss this. Jack, 549 00:31:01,640 --> 00:31:06,000 Speaker 1: good to see it, Hey Buck, always a pleasure. Tell us, why? 550 00:31:06,080 --> 00:31:08,280 Speaker 1: Tell us? How? What do you think about this? Is it? 551 00:31:08,320 --> 00:31:10,200 Speaker 1: First of all, I was in ay an offer made 552 00:31:10,320 --> 00:31:13,040 Speaker 1: in seriousness. You think the Russians would actually stop if 553 00:31:13,040 --> 00:31:15,800 Speaker 1: these conditions were met? And then analyze first why you 554 00:31:15,840 --> 00:31:19,479 Speaker 1: think that is or is not the right move for Zelenski. Well, 555 00:31:19,520 --> 00:31:22,280 Speaker 1: I think it's quite interesting, right. One of the biggest 556 00:31:22,560 --> 00:31:24,640 Speaker 1: things that I've been looking for in all of the 557 00:31:24,720 --> 00:31:30,560 Speaker 1: speeches from Putin and from lavrov Peskov, the spokesman they're 558 00:31:30,600 --> 00:31:35,320 Speaker 1: in New Kremlin, is have they asked once for Zelensky 559 00:31:35,440 --> 00:31:38,720 Speaker 1: to step down? And you haven't actually heard that yet. 560 00:31:38,760 --> 00:31:40,800 Speaker 1: You haven't heard them once say that one of their 561 00:31:40,840 --> 00:31:42,840 Speaker 1: demands that he should be stepped down, or that he 562 00:31:42,880 --> 00:31:46,360 Speaker 1: should be you know, arrested or you know, exiled from 563 00:31:46,400 --> 00:31:49,360 Speaker 1: the country like Gannekhovid who had to flee in twenty fourteen. 564 00:31:49,600 --> 00:31:51,400 Speaker 1: None of that stuff, right, None of that stuff has 565 00:31:51,400 --> 00:31:54,600 Speaker 1: been asked for, And so I think that Zelenski should 566 00:31:54,720 --> 00:31:58,200 Speaker 1: say something along the lines of we're millet, We're willing 567 00:31:58,240 --> 00:32:02,240 Speaker 1: to discuss this, hold the ceasefire while we're holding discussions 568 00:32:02,280 --> 00:32:05,680 Speaker 1: and negotiations, but at the same time he has to 569 00:32:05,800 --> 00:32:10,800 Speaker 1: get guarantees in. Look, you can't just have these Russian preconditions. 570 00:32:11,040 --> 00:32:13,680 Speaker 1: You also have to have your own conditions. So those 571 00:32:13,720 --> 00:32:17,320 Speaker 1: conditions should include bringing in peacekeepers from the United Nations. 572 00:32:17,640 --> 00:32:20,320 Speaker 1: You find a neutral third party, maybe a non native source, 573 00:32:20,400 --> 00:32:23,960 Speaker 1: to come in and be those peacekeepers, bring other people 574 00:32:24,040 --> 00:32:26,240 Speaker 1: in who could be observers who can actually see what's 575 00:32:26,280 --> 00:32:29,160 Speaker 1: going on on the ground and then demand, absolutely demand 576 00:32:29,680 --> 00:32:33,440 Speaker 1: that the Russian military forces begin to fall back to 577 00:32:33,560 --> 00:32:36,280 Speaker 1: their original positions, whether it be across the board in 578 00:32:36,320 --> 00:32:40,080 Speaker 1: Russia or back down all the way in Kiev. Obviously, no, look, 579 00:32:40,320 --> 00:32:42,880 Speaker 1: we've start from the Pentagon today earlier that Russia has 580 00:32:42,960 --> 00:32:46,320 Speaker 1: committed nearly ninety five percent of at least its combat 581 00:32:46,400 --> 00:32:50,080 Speaker 1: power forward into Ukraine, and that it doesn't look like 582 00:32:50,120 --> 00:32:53,720 Speaker 1: you're mobilizing any more troops from inside of Russian territory 583 00:32:54,000 --> 00:32:57,040 Speaker 1: towards Ukraine. What does this mean? That means that essentially 584 00:32:57,080 --> 00:32:59,800 Speaker 1: their operational forces that are in there, those are the 585 00:32:59,840 --> 00:33:01,760 Speaker 1: ones that are going to be sent. They're not looking 586 00:33:01,840 --> 00:33:05,640 Speaker 1: for wider operations, which means that yes, Russia clearly is 587 00:33:05,680 --> 00:33:07,680 Speaker 1: willing to go tip for tat all the way up 588 00:33:07,720 --> 00:33:10,600 Speaker 1: through Kiev. But do you really want to put the 589 00:33:10,800 --> 00:33:13,640 Speaker 1: entire city of Kieva under siege conditions? Do you want 590 00:33:13,680 --> 00:33:17,240 Speaker 1: these artillery barrages? Do you want this massive bombardment that 591 00:33:17,280 --> 00:33:19,880 Speaker 1: we've seen from the skies. I think the best thing 592 00:33:19,960 --> 00:33:22,880 Speaker 1: to do, quite frankly, is to sue for peace as 593 00:33:22,960 --> 00:33:25,600 Speaker 1: soon as possible, and by the way, you know you 594 00:33:25,680 --> 00:33:29,600 Speaker 1: mentioned one point seven million refugees. Well, guess what the 595 00:33:29,720 --> 00:33:33,840 Speaker 1: population of Ukraine is upwards of forty million people. That 596 00:33:34,040 --> 00:33:37,320 Speaker 1: means there's about thirty eight thirty nine million people that 597 00:33:37,440 --> 00:33:39,760 Speaker 1: are still stuck in the middle all of this. Now, 598 00:33:39,800 --> 00:33:42,320 Speaker 1: hopefully a lot of those people are in the west 599 00:33:42,600 --> 00:33:44,720 Speaker 1: where we haven't seen a lot of the fighting. But 600 00:33:44,760 --> 00:33:47,160 Speaker 1: at the same time, for all of those people who 601 00:33:47,280 --> 00:33:51,600 Speaker 1: are trapped behind these active combat operations, right, they're in 602 00:33:52,240 --> 00:33:53,760 Speaker 1: the path of all of this, they are in the 603 00:33:53,840 --> 00:33:56,120 Speaker 1: direct line of fire. And my thoughts really are with 604 00:33:56,320 --> 00:33:59,000 Speaker 1: those people and those refugees at this time. Jack, I 605 00:33:59,080 --> 00:34:02,400 Speaker 1: mean you mentioned preconditions being a necessary component of the 606 00:34:02,480 --> 00:34:07,000 Speaker 1: negotiations from the Zelenski Ukrainian side of the table. Is 607 00:34:07,000 --> 00:34:08,920 Speaker 1: there anything in the Russian list of demands that you 608 00:34:09,080 --> 00:34:14,359 Speaker 1: think is essentially a deal breaker at this phase? Well, look, 609 00:34:14,400 --> 00:34:17,320 Speaker 1: you know, I think Russia has clearly made their point. 610 00:34:17,440 --> 00:34:21,080 Speaker 1: They are not willing to allow Ukraine to go into NATO. Right, 611 00:34:21,840 --> 00:34:24,799 Speaker 1: heard and answered. Right when it comes to Crimea, when 612 00:34:24,800 --> 00:34:27,359 Speaker 1: it comes to dan Bass, Look, the Russians were never 613 00:34:27,600 --> 00:34:30,880 Speaker 1: going to give up Crimea for a variety of reasons. 614 00:34:31,360 --> 00:34:34,080 Speaker 1: First and foremost, it is one of their only warm 615 00:34:34,239 --> 00:34:37,000 Speaker 1: water ports. Russia, by and large, and I say this 616 00:34:37,040 --> 00:34:39,400 Speaker 1: as my former naval officer had on, is by and 617 00:34:39,520 --> 00:34:42,160 Speaker 1: large a landlocked country. Certainly for most parts of the year, 618 00:34:42,200 --> 00:34:44,640 Speaker 1: those northern ports can't be used because they're covered in ice. 619 00:34:44,800 --> 00:34:47,239 Speaker 1: Obviously that's changing a little bit in recent years. But 620 00:34:47,640 --> 00:34:49,719 Speaker 1: when it comes down to it, that Black Sea Fleet 621 00:34:49,760 --> 00:34:51,960 Speaker 1: and their access to the Mediterranean is one of the 622 00:34:52,040 --> 00:34:56,880 Speaker 1: most important commercial and military strategic features of Russia. They 623 00:34:56,920 --> 00:34:59,839 Speaker 1: were never going to allow Crimea to be turned over. 624 00:35:00,080 --> 00:35:03,080 Speaker 1: That being said, you have to find from the United States, 625 00:35:03,440 --> 00:35:06,160 Speaker 1: Ukraine and Russia. We have to find a way to 626 00:35:06,440 --> 00:35:11,080 Speaker 1: balance this entire situation out. Whether that right balance right 627 00:35:11,360 --> 00:35:14,759 Speaker 1: includes the Ukraine in NATO in the EU doesn't look 628 00:35:14,800 --> 00:35:16,760 Speaker 1: like that. It's in the cards right now. So okay, 629 00:35:17,000 --> 00:35:20,040 Speaker 1: what do you do from that starting point to then 630 00:35:20,160 --> 00:35:23,560 Speaker 1: prevent the killing from continuing. Yeah, I want to switch 631 00:35:23,640 --> 00:35:26,000 Speaker 1: heres here for a second and bring a conversation back home. 632 00:35:26,360 --> 00:35:29,080 Speaker 1: Something else that I know you're following closely. There's a 633 00:35:29,080 --> 00:35:31,200 Speaker 1: trucker convoy here in America. We spent a lot of 634 00:35:31,280 --> 00:35:33,120 Speaker 1: time and you and I talked about the trucker convoy 635 00:35:33,239 --> 00:35:36,560 Speaker 1: in Canada. But the Trucker convoy here has come to 636 00:35:37,760 --> 00:35:41,440 Speaker 1: a halt, it seems right. Now, here's a leader of 637 00:35:41,640 --> 00:35:45,160 Speaker 1: the anti COVID mandates and restrictions Trucker convoy telling the 638 00:35:45,239 --> 00:35:47,839 Speaker 1: crowd in Maryland the plan is to not enter DC. 639 00:35:48,200 --> 00:35:52,320 Speaker 1: Watch this, everyone. I am fearful, Brian Brazzie and the 640 00:35:52,520 --> 00:35:56,880 Speaker 1: organizers are fearful of them trying to do to us 641 00:35:57,080 --> 00:36:01,560 Speaker 1: what they did to those involved in January sixth. It 642 00:36:01,800 --> 00:36:04,840 Speaker 1: is our belief that they will try to do that. 643 00:36:07,880 --> 00:36:14,680 Speaker 1: So with that said, we are making diplomatic moves that 644 00:36:14,880 --> 00:36:21,240 Speaker 1: means that we're not That means at this time meeting 645 00:36:21,360 --> 00:36:26,520 Speaker 1: today and tomorrow, we are not and will not go 646 00:36:26,760 --> 00:36:30,879 Speaker 1: into DC proper. What do you think about that decision? Jack, 647 00:36:30,960 --> 00:36:33,520 Speaker 1: and just more generally, more generally, what do you what 648 00:36:33,640 --> 00:36:37,600 Speaker 1: are your thoughts on the tactics here, the strategy really 649 00:36:37,680 --> 00:36:40,239 Speaker 1: behind this convoy? Is this the right move? Do we 650 00:36:40,360 --> 00:36:43,680 Speaker 1: need this? Look? I think that is the right movement. Again, 651 00:36:43,760 --> 00:36:46,600 Speaker 1: you know, we're talking about making adult decisions versus making 652 00:36:46,640 --> 00:36:49,640 Speaker 1: emotional decisions. And I get it right, you know, I 653 00:36:49,760 --> 00:36:52,400 Speaker 1: get wanting to go all the way into DC and 654 00:36:52,840 --> 00:36:56,080 Speaker 1: you know, kind of give your thumb to the establishment 655 00:36:56,120 --> 00:36:57,919 Speaker 1: and show them once up. But let's take a step 656 00:36:57,960 --> 00:37:00,279 Speaker 1: back as well and also consider the strategic goal of this. 657 00:37:00,400 --> 00:37:02,880 Speaker 1: The strategic goals of the convoy was dropping of the 658 00:37:02,960 --> 00:37:06,879 Speaker 1: mandates and a relaxation on the COVID restrictions. Written large, 659 00:37:07,280 --> 00:37:12,000 Speaker 1: that's already happening. Remember, DC dropped their mandate even before 660 00:37:12,640 --> 00:37:16,319 Speaker 1: the you know, long before the trucker conboy got even 661 00:37:16,360 --> 00:37:18,480 Speaker 1: close to DC. In fact, it was still in the 662 00:37:18,560 --> 00:37:21,920 Speaker 1: planning stages when DC Mayor murro Bowser decided that she 663 00:37:22,000 --> 00:37:23,200 Speaker 1: was going to drop I think it was only in 664 00:37:24,000 --> 00:37:28,040 Speaker 1: effect for about three weeks, right, So I think that 665 00:37:28,239 --> 00:37:32,799 Speaker 1: their strategic goals and strategic objectives have been met at 666 00:37:32,880 --> 00:37:35,040 Speaker 1: this point. I think it's a very wise decision for 667 00:37:35,160 --> 00:37:38,640 Speaker 1: them not to go into DC and risk entering into 668 00:37:38,719 --> 00:37:41,839 Speaker 1: that powder keg where one spark could have turned into 669 00:37:41,920 --> 00:37:45,759 Speaker 1: something monumentally worse for them, or you know, even like 670 00:37:45,880 --> 00:37:47,759 Speaker 1: what we saw in Ottawa. I think it's a very 671 00:37:47,800 --> 00:37:50,239 Speaker 1: smart decision. I think it's a very adult decision, and 672 00:37:50,360 --> 00:37:52,719 Speaker 1: I believe that they've certainly made their voice heard, and 673 00:37:52,960 --> 00:37:55,600 Speaker 1: by the way, they're able to come home with their 674 00:37:55,640 --> 00:37:59,879 Speaker 1: strategic goals having been achieved. So, just to be clear, Jack, 675 00:38:00,000 --> 00:38:02,880 Speaker 1: it seems like, is the convoy effectively going to disband 676 00:38:02,960 --> 00:38:06,120 Speaker 1: at this At this stage, I think that's what we're 677 00:38:06,120 --> 00:38:07,479 Speaker 1: going to see. I think you're going to see people 678 00:38:07,480 --> 00:38:10,840 Speaker 1: start heading back. It doesn't look ian. Wouldn't surprise me 679 00:38:10,880 --> 00:38:12,239 Speaker 1: if a couple of them do kind of make their 680 00:38:12,280 --> 00:38:14,160 Speaker 1: way down DC. But you know, we're not going to 681 00:38:14,200 --> 00:38:17,080 Speaker 1: see an occupation of DC or the sort of occupied 682 00:38:17,200 --> 00:38:19,480 Speaker 1: DC kind of movement the way that you saw up 683 00:38:19,520 --> 00:38:21,839 Speaker 1: in Ottawa, the way that was going on for Bleak. 684 00:38:21,840 --> 00:38:25,440 Speaker 1: It was almost four weeks of people out there protesting. 685 00:38:25,480 --> 00:38:28,800 Speaker 1: And again, our mandates were not as onerous as the 686 00:38:28,880 --> 00:38:32,280 Speaker 1: ones in Canada. And at the same time, our cross 687 00:38:32,360 --> 00:38:36,879 Speaker 1: border trade is not as necessary for the United States 688 00:38:36,920 --> 00:38:39,160 Speaker 1: and for American truckers as it is for Canada and 689 00:38:39,239 --> 00:38:42,600 Speaker 1: Canadian truckers. That's why these mandates were such a bigger 690 00:38:42,640 --> 00:38:45,240 Speaker 1: deal for up in Canada than they are here. Jack, 691 00:38:45,640 --> 00:38:48,160 Speaker 1: thanks so much, man, good to see you. But ah, 692 00:38:48,160 --> 00:38:52,040 Speaker 1: he's a pleasure. Let's take a little break from Ukraine, 693 00:38:52,120 --> 00:38:54,560 Speaker 1: the war, all that stuff for a moment here and 694 00:38:54,760 --> 00:38:58,640 Speaker 1: switch gears, NFTs, non fungible tokens. They're having a major 695 00:38:58,680 --> 00:39:01,680 Speaker 1: impact in the world of collective with some fetching millions 696 00:39:01,719 --> 00:39:04,520 Speaker 1: of dollars in the open market. So what is an NFT? 697 00:39:04,880 --> 00:39:07,160 Speaker 1: We come back, we'll talk to an expert on the topic, 698 00:39:07,320 --> 00:39:11,080 Speaker 1: the project creator of Angel Baby Hits Squad, Nick Cordi. 699 00:39:11,400 --> 00:39:21,040 Speaker 1: Stay with us. They're called non fungible tokens or NFTs 700 00:39:21,080 --> 00:39:24,080 Speaker 1: for short. They're the latest and so called digital assets, 701 00:39:24,160 --> 00:39:27,680 Speaker 1: with some fetching millions of dollars at auction. In December 702 00:39:27,719 --> 00:39:30,719 Speaker 1: of last year, an NFT called the Merge by a 703 00:39:30,800 --> 00:39:34,840 Speaker 1: Digital Artist pack sold for ninety one point eight million dollars, 704 00:39:35,120 --> 00:39:37,560 Speaker 1: setting a record for a piece of artwork sold publicly 705 00:39:37,640 --> 00:39:40,320 Speaker 1: by a living artist. So what exactly is an NFT 706 00:39:40,640 --> 00:39:44,000 Speaker 1: and is this the future or a passing fad? Nick 707 00:39:44,160 --> 00:39:47,000 Speaker 1: Carridi is an expert on the topic and the project 708 00:39:47,120 --> 00:39:51,080 Speaker 1: creator of Angel Baby Hit Squad. He joins me, now, Nick, 709 00:39:51,120 --> 00:39:53,520 Speaker 1: good to see it. Nice to see it too. How 710 00:39:53,560 --> 00:39:55,759 Speaker 1: are you doing? I'm good man. So NFTs are a 711 00:39:55,840 --> 00:39:59,799 Speaker 1: booming market. Tell us in layman's terms, what the heck 712 00:39:59,880 --> 00:40:03,839 Speaker 1: is an NFT? So, yeah, it's it's a hard thing 713 00:40:03,920 --> 00:40:06,000 Speaker 1: to get to get your head around as somebody coming 714 00:40:06,080 --> 00:40:09,120 Speaker 1: into the space initially, Um, but I think it's important 715 00:40:09,160 --> 00:40:13,840 Speaker 1: to separate it into two different idea ideas. So initially, 716 00:40:14,000 --> 00:40:18,240 Speaker 1: the NFT stands for non fungible tokens, So the important 717 00:40:18,280 --> 00:40:21,040 Speaker 1: part is the non fungible part of this. So non 718 00:40:21,080 --> 00:40:25,959 Speaker 1: fungible means it's not replicatable, that you can't make it again. 719 00:40:26,239 --> 00:40:28,680 Speaker 1: So what that means it's it's verified on the blockchain 720 00:40:29,160 --> 00:40:33,960 Speaker 1: as being exactly what it's supposed to be. So um 721 00:40:34,960 --> 00:40:39,800 Speaker 1: in terms of an NFT, it's like if you you 722 00:40:39,880 --> 00:40:42,799 Speaker 1: could prove on the blockchain that this this specific piece 723 00:40:42,840 --> 00:40:46,319 Speaker 1: of artwork is created by the the artist and then 724 00:40:47,040 --> 00:40:49,080 Speaker 1: you could track it back to that artist creating it. 725 00:40:49,160 --> 00:40:52,680 Speaker 1: So it can't be copied, it can't be replaceable, as in, 726 00:40:53,360 --> 00:40:55,799 Speaker 1: if you just had a thousand copies of one baseball card, 727 00:40:56,440 --> 00:40:59,759 Speaker 1: that's all fungible tokens basically, but if you had a 728 00:41:00,000 --> 00:41:02,319 Speaker 1: on of one baseball card, that would be a non 729 00:41:02,440 --> 00:41:05,600 Speaker 1: funchible token, if that makes sense. Sure, So how are 730 00:41:05,640 --> 00:41:11,600 Speaker 1: these either different from or related to digital currencies like bitcoin, Well, 731 00:41:11,760 --> 00:41:14,840 Speaker 1: that's what it is. It's verified on the blockchain. So 732 00:41:15,400 --> 00:41:19,880 Speaker 1: the blockchain is basically like a ledger where everything is trustless, 733 00:41:20,000 --> 00:41:22,160 Speaker 1: where you could see at the previous history of all 734 00:41:22,560 --> 00:41:26,480 Speaker 1: transactions that has ever happened on your computer and through 735 00:41:26,680 --> 00:41:30,480 Speaker 1: a network of everybody's computer. So basically there's nobody that 736 00:41:30,520 --> 00:41:33,120 Speaker 1: you have to rely on to trust the information. You 737 00:41:33,160 --> 00:41:36,240 Speaker 1: could just look at the history of the entire blockchain 738 00:41:36,360 --> 00:41:39,960 Speaker 1: and trust that history. As in, if you were to 739 00:41:40,040 --> 00:41:43,400 Speaker 1: send somebody money from my bank account to your bank account, 740 00:41:43,400 --> 00:41:45,440 Speaker 1: you would have to trust the bank in the middle 741 00:41:46,000 --> 00:41:47,719 Speaker 1: to handle the money, to take out the money from 742 00:41:47,800 --> 00:41:49,880 Speaker 1: my bank account and put it into your bank account, 743 00:41:50,160 --> 00:41:55,240 Speaker 1: and trust that they would adjust each account accordingly. Whereas 744 00:41:55,320 --> 00:41:58,120 Speaker 1: if you were to look on the blockchain, that is 745 00:41:58,239 --> 00:42:00,560 Speaker 1: the public record, So all you to do his look 746 00:42:00,640 --> 00:42:02,560 Speaker 1: on the public record, and you could see I sent 747 00:42:02,800 --> 00:42:04,880 Speaker 1: this amount, that's verified that I have this amount in 748 00:42:04,920 --> 00:42:07,279 Speaker 1: my wallet. I sent it out in my wallet, and 749 00:42:07,360 --> 00:42:10,839 Speaker 1: I went into yours automatically, and that's all verifiable there. 750 00:42:11,280 --> 00:42:14,480 Speaker 1: So Nick, I mean, there seems to be a really 751 00:42:14,560 --> 00:42:17,200 Speaker 1: high demand for some of these NFTs millions and millions 752 00:42:17,200 --> 00:42:19,680 Speaker 1: of dollars, right, I mean, people are spending what seemed 753 00:42:19,680 --> 00:42:22,560 Speaker 1: like crazy amounts of money for them to folks at home. 754 00:42:22,760 --> 00:42:26,120 Speaker 1: Are they just digital pictures? Though? Why are people paying 755 00:42:26,200 --> 00:42:29,120 Speaker 1: so much for them? I think it's it's a you 756 00:42:29,200 --> 00:42:32,759 Speaker 1: have to look at human culture. I guess like, if 757 00:42:32,760 --> 00:42:36,640 Speaker 1: you look at gaming Fortnite and Minecraft, and people are 758 00:42:37,000 --> 00:42:40,080 Speaker 1: are paying hundreds, if not thousands of dollars for these 759 00:42:40,160 --> 00:42:43,840 Speaker 1: digital skins. So if you're at your character in Fortnite 760 00:42:43,840 --> 00:42:47,440 Speaker 1: would be running around with a different look than than 761 00:42:47,560 --> 00:42:51,239 Speaker 1: anybody else who's playing the game. And it's really really 762 00:42:51,320 --> 00:42:53,799 Speaker 1: it's a form of cloud it's a it's a form 763 00:42:53,880 --> 00:42:56,680 Speaker 1: of wanting to show off and the fact that you 764 00:42:56,760 --> 00:43:00,560 Speaker 1: can verify that these are legitimate assets on the blockchain, 765 00:43:00,600 --> 00:43:03,400 Speaker 1: and you could verify that this is your access token 766 00:43:03,440 --> 00:43:06,200 Speaker 1: to this digital community. This is your access token to 767 00:43:06,280 --> 00:43:11,000 Speaker 1: this club, this is your basically yeah, it's basically just 768 00:43:11,120 --> 00:43:14,120 Speaker 1: showing off to your to the people that you surround 769 00:43:14,160 --> 00:43:17,759 Speaker 1: yourself with that these are are legitimate assets. How is 770 00:43:17,760 --> 00:43:20,439 Speaker 1: this going to grow? You think, nigga, where's where's where 771 00:43:20,600 --> 00:43:24,239 Speaker 1: NFTs going? Well, I mean it could absolutely be seen 772 00:43:24,280 --> 00:43:26,880 Speaker 1: as a bubble, but I think the underlying technology is 773 00:43:26,920 --> 00:43:30,320 Speaker 1: what's here to stay. So what really matters is the 774 00:43:30,400 --> 00:43:33,120 Speaker 1: fact that these are all public ledger now, so you 775 00:43:33,200 --> 00:43:36,440 Speaker 1: could verify transactions, whether it be the digital art that 776 00:43:36,480 --> 00:43:39,000 Speaker 1: people are selling for ninety million dollars now one hundred 777 00:43:39,000 --> 00:43:42,320 Speaker 1: million dollars now, but you could use this for extensions 778 00:43:42,400 --> 00:43:46,839 Speaker 1: into into hospital records, into ID records, and into transactions 779 00:43:46,880 --> 00:43:49,120 Speaker 1: of houses. And imagine if it was so easy that 780 00:43:49,160 --> 00:43:51,759 Speaker 1: you could just say here, I'm transferring the least to you, 781 00:43:51,880 --> 00:43:54,000 Speaker 1: and then it's yours and you could see it without 782 00:43:54,040 --> 00:43:57,600 Speaker 1: the middleman of all these fifty different pieces of paperwork. 783 00:43:57,960 --> 00:44:01,120 Speaker 1: So it's it's I believe the lying technology is here 784 00:44:01,120 --> 00:44:02,960 Speaker 1: to stay, and it's just a matter of which projects, 785 00:44:03,040 --> 00:44:07,000 Speaker 1: which creations out at last the bubble. And Nick, tell 786 00:44:07,040 --> 00:44:09,720 Speaker 1: me about a little more about your project, Angel Baby 787 00:44:09,880 --> 00:44:15,960 Speaker 1: Hit Squad. Yeah, so my project was I got initially 788 00:44:16,000 --> 00:44:18,719 Speaker 1: introduced to Cardano, which is a separate which is a 789 00:44:18,760 --> 00:44:22,040 Speaker 1: different blockchain. So there's Ethereum, there's Bitcoin, there's Cardano. There's 790 00:44:22,040 --> 00:44:24,880 Speaker 1: a bunch of different ones that you could build NFTs on. 791 00:44:26,080 --> 00:44:29,320 Speaker 1: So I wanted to kind of create something that nobody's 792 00:44:29,360 --> 00:44:32,359 Speaker 1: created before, which was a bridge of two different blockchains. 793 00:44:32,719 --> 00:44:35,720 Speaker 1: So what my project is is it's an Ethereum NFT 794 00:44:36,200 --> 00:44:38,840 Speaker 1: but with the utility on Cardano. So by owning the 795 00:44:38,920 --> 00:44:43,320 Speaker 1: Ethereum NFT, you get air drops of free NFTs on 796 00:44:43,440 --> 00:44:46,520 Speaker 1: the Cardano blockchain. So by owning one, you'll get eleven 797 00:44:47,400 --> 00:44:50,200 Speaker 1: Cardano NFT air drops, as well as access to different 798 00:44:50,719 --> 00:44:53,720 Speaker 1: in real life utilities such as I have a party 799 00:44:53,760 --> 00:44:56,359 Speaker 1: in Las Vegas that you get access to, a club 800 00:44:56,440 --> 00:44:59,759 Speaker 1: in La that you get access to, and so much more. Nick, 801 00:45:00,040 --> 00:45:01,600 Speaker 1: thank you for explaining this. It's great for me too, 802 00:45:01,600 --> 00:45:03,359 Speaker 1: because I feel like I'm gonna have to and other 803 00:45:03,400 --> 00:45:05,200 Speaker 1: folks will have to watch this interview back a few 804 00:45:05,280 --> 00:45:07,720 Speaker 1: times to kind of really get into it and understand 805 00:45:07,760 --> 00:45:09,360 Speaker 1: what's going on. But you laid it out for us 806 00:45:09,520 --> 00:45:12,520 Speaker 1: very well. We appreciate that Angel Baby Hit Squad is 807 00:45:12,560 --> 00:45:15,000 Speaker 1: your project, and thanks for being with us. Nicholas Kariti, 808 00:45:15,719 --> 00:45:19,640 Speaker 1: thank you so much. That's in for tonight's Hold the 809 00:45:19,680 --> 00:45:21,719 Speaker 1: Line the No Spin News as Bill Ryling is next 810 00:45:22,000 --> 00:45:22,640 Speaker 1: Shield's High