WEBVTT - Buck Brief - Elbridge Colby

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<v Speaker 1>You're listening to the Buck Sexton Show podcast. Make sure

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<v Speaker 2>All right, let's do it around the world foreign policy.

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<v Speaker 2>Buck brief here with our friend Bridge Colby. He's a

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<v Speaker 2>former Pentagon official. He's got an awesome book on foreign policy,

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<v Speaker 2>Strategy of Denial. Check it out. Bridge. Great to have

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<v Speaker 2>you back on the program. Let's start with this for

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<v Speaker 2>a second, because you know, we're speaking at a time

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<v Speaker 2>when the world is still reeling from the terrorist attack

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<v Speaker 2>in Israel by Hamas. Iran's fingerprints are all over this.

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<v Speaker 2>We know that what does Iran think it can achieve

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<v Speaker 2>with the actions that it engages in. Is it just

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<v Speaker 2>ideologically driven sadism and hatred or is there a long

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<v Speaker 2>game here that they think they're playing by supporting these

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<v Speaker 2>militant groups that is in some way achievable as a

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<v Speaker 2>nation state.

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<v Speaker 3>Well, great to be back with you, Buck, Always a

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<v Speaker 3>pleasure to be with you, and even on this really

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<v Speaker 3>difficult day or time. Look, I think there is plenty

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<v Speaker 3>of rage in ideology in the Islamic Republic of the

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<v Speaker 3>regime there, but I also think they appear to be

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<v Speaker 3>pursuing a strategy, and I think that's my sense of

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<v Speaker 3>the Israeli assessment as well. It's based on you know,

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<v Speaker 3>the exploitation of terrorism and human suffering and so forth.

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<v Speaker 1>But it is it is a strategy.

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<v Speaker 3>I mean, I don't know exactly what they're going I mean,

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<v Speaker 3>it's too clear that Iran benefits from this to say

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<v Speaker 3>that they've had no role. Obviously they've been heavily complicit

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<v Speaker 3>in arming Hamas and Hesbala and so forth, but they

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<v Speaker 3>also benefit from interrupting the Israeli normalization with the Saudis

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<v Speaker 3>and others in the region and the quiet that I mean.

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<v Speaker 3>I was in Israel in June, and you know, there

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<v Speaker 3>was a sense that things were pretty much probably more

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<v Speaker 3>secure in Israel than they ever been, that the kind

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<v Speaker 3>of West Bank and Gaza were under control. And I

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<v Speaker 3>think what I assume Mas is trying to do, and

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<v Speaker 3>backed by Iran, is to reintroduce fear and uncertainty and

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<v Speaker 3>anxiety into an Israeli life. Obviously, they're taking hostages and

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<v Speaker 3>they're trying to probably establish more control over the Arab

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<v Speaker 3>population in both Gaza where they have been ascended, but

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<v Speaker 3>also in the West Bank and use that to just

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<v Speaker 3>over time erode life in the Jewish state and ultimately

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<v Speaker 3>try to you know, I think their ultimate goal is,

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<v Speaker 3>as they say, to recapture that territory.

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<v Speaker 2>Do you think that they just view this as an

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<v Speaker 2>incremental approach to the eventual eradication of Israel? I mean,

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<v Speaker 2>that really is their strategic goal. That's not just bluster

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<v Speaker 2>and chest stumping from a bunch of psychopaths.

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<v Speaker 1>I mean, I think they say it consistently.

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<v Speaker 3>And you know, the people who were prepared to conduct

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<v Speaker 3>acts of terrorism liners in the nineteen seventies, but were

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<v Speaker 3>more secular or maybe had more incremental objectives even then

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<v Speaker 3>they might have been more aggressive or ambitious.

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<v Speaker 1>I think those people seem to have been pushed aside.

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<v Speaker 3>And Hamas and Hezbola were the radical groups and the

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<v Speaker 3>Islamic revolutionaries in Iran, and you don't look, I mean,

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<v Speaker 3>obviously these analogies are always kind of limited, but how

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<v Speaker 3>long did the crusaders stay, or how long did very

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<v Speaker 3>in the British stay? You know, you look how long

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<v Speaker 3>colonial anti colonial rebellions that they're probably modeling themselves.

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<v Speaker 1>Not to suggest that as rules in any way a

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<v Speaker 1>colonial state.

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<v Speaker 3>But but I think that's probably the model they have.

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<v Speaker 3>And you know that, as Hochi Minh said, you know,

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<v Speaker 3>we have time and you can kill ten of ours

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<v Speaker 3>for everyone.

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<v Speaker 1>We kill a view, but in the long run will

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<v Speaker 1>outlast you.

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<v Speaker 2>Yeah, I mean, I know they take this this very

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<v Speaker 2>long view at the expense of the present. That's a

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<v Speaker 2>common theme in a lot of Middle Eastern states and

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<v Speaker 2>unfortunately that you know, the some you know, some amazing

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<v Speaker 2>future will come about if they're willing to engage in

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<v Speaker 2>heinous acts today and justify a lot of tyranny, repression

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<v Speaker 2>and things that generally you would want to avoid. But

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<v Speaker 2>I'm just wondering at this stage, if is it possible

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<v Speaker 2>for Israel to allow a thing called Hamas to continue

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<v Speaker 2>to exist.

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<v Speaker 3>Well, I think they've said I think Prime Minister Natanielle

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<v Speaker 3>who did say that they are going to destroy him Hammad.

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<v Speaker 3>I mean, I think that that makes a ton of sense.

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<v Speaker 1>And I mean I.

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<v Speaker 3>Totally support Israel's uh, you know, basis and desire to

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<v Speaker 3>retaliate and restore that to terrence. There's also an element,

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<v Speaker 3>of course of justice, but from a strategic point of view,

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<v Speaker 3>they have to be able to say that if you

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<v Speaker 3>do these I mean barbarica acts, some of which in

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<v Speaker 3>some sense are unprecedent sense the Holocaust.

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<v Speaker 1>I mean, really horrible.

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<v Speaker 3>Stuff that there will be punishment way out of proportion

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<v Speaker 3>to you know, the benefits for the attacking actor. The problem,

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<v Speaker 3>of course is what does it mean to destroy Hamas?

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<v Speaker 3>And I assume the Israelis are wrestling with that, so

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<v Speaker 3>I think they'll probably need to come up with a

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<v Speaker 3>definition of that that is, you know, significant enough that

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<v Speaker 3>it means something, but also attainable at a reasonable cost,

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<v Speaker 3>because you know, I'm I think they're mobilizing three hundred

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<v Speaker 3>thousand israelis huge impact on the Israeli economy, on Israeli society.

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<v Speaker 3>It is a free society, it's you know, it has

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<v Speaker 3>democratic politics, of course, much to its credit.

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<v Speaker 1>So I think that's going to be a big part

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<v Speaker 1>of the challenge.

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<v Speaker 3>And unfortunately, this is I assume part of what Hamas

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<v Speaker 3>and presumably Iran and Hesbel and the background are trying

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<v Speaker 3>to exploit.

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<v Speaker 2>We'll come into a discussion of Ukraine here in a second.

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<v Speaker 2>And there's actually some people that are already pointing out

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<v Speaker 2>how some of the munition's shortages that we may need

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<v Speaker 2>to help out with. How the Ukrainian situation exacerbates what

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<v Speaker 2>we might need to do in the Middle East. We'll

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<v Speaker 2>My Pillow two point zero. Now. So Ukraine Russia bridge

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<v Speaker 2>the so far, the analysis this year is a lot

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<v Speaker 2>of fighting and basically no territorial movement, as in the

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<v Speaker 2>whole breakthrough that we were told was going to happen

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<v Speaker 2>was there was no breakthrough. It looks to be a

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<v Speaker 2>straight up stalemate, and we're funding this as well as

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<v Speaker 2>providing a lot of munitions. What's your take on where

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<v Speaker 2>the Ukraine situation is going and how it's affecting US

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<v Speaker 2>foreign policy priorities in general right now?

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<v Speaker 3>Well, look, I think you're right. I mean I think

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<v Speaker 3>it's an attritional conflict. I think the New York Times

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<v Speaker 3>itself reported that very little territory has changed hands this year,

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<v Speaker 3>and in fact, Russia has seized more territory than Ukraine. So,

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<v Speaker 3>you know, the Ukrainian counter offensive there may still be

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<v Speaker 3>stamina left in it, but I don't think it's going

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<v Speaker 3>to radically up end the war. I think what we're

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<v Speaker 3>seeing as a war of attrition, and it's encouraging that

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<v Speaker 3>we and the Europeans have made some moves to tate

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<v Speaker 3>our defense industrial base. But the thing to bear in

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<v Speaker 3>mind is that's all relative buck And this is a

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<v Speaker 3>really important point that a lot of the kind of

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<v Speaker 3>more traditional, if you will, neo conservative voices in the

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<v Speaker 3>Republican Party underestimate is that that's The Russians are also

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<v Speaker 3>mobilizing for a long war, and the Wall Street Journal

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<v Speaker 3>is reporting on Saturday that they're retooling their entire economy

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<v Speaker 3>for war economy. So you know, they're going to buy

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<v Speaker 3>fewer Mercedes and sobs or whatever, and they're going to

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<v Speaker 3>eat it. Frankly, they're going to their lives are not

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<v Speaker 3>going to be as sort of luxurious as they might

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<v Speaker 3>have been in places like Saint Petersburg in Moscow probably,

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<v Speaker 3>but they're going to allocate more of their money and

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<v Speaker 3>resources as a nation to the military, and we'll see

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<v Speaker 3>how that nets out relatively. But I think, you know,

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<v Speaker 3>a long war is a very difficult conflict for US.

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<v Speaker 3>I think this is unfortunately what the Kremlin is anticipating.

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<v Speaker 1>They're also getting help from the North Koreans.

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<v Speaker 3>People laugh about the North Koreans, but one thing they're

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<v Speaker 3>good at is building missiles and rockets and artillery shells.

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<v Speaker 3>They have like a million people working in artillery factories

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<v Speaker 3>and ammunition factories. We can't even produce on hundred fifty

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<v Speaker 3>five millimeters munitions at that. We are in producing more

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<v Speaker 3>of it, but which the Israelis also need, but at

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<v Speaker 3>the level, not the level of the Ukrainians actually want

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<v Speaker 3>to be able to expend it at.

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<v Speaker 1>So this is the real problem.

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<v Speaker 3>What we should be doing is getting the Europeans to

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<v Speaker 3>really step up, which they're particularly the Germans, are not doing.

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<v Speaker 3>I think the fact that there's a war breaking out

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<v Speaker 3>with our very close ally Israel, and I mean their

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<v Speaker 3>actual sovereign territory is being is being invaded and so forth,

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<v Speaker 3>this just shows us that we can't keep bluffing through.

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<v Speaker 3>I see a lot of the voices, you know of

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<v Speaker 3>this sort of George W. Bush approach saying, hey, we

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<v Speaker 3>got to be active everywhere, and they're completely sort of

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<v Speaker 3>blithely ignoring the fact that we're not in a position

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<v Speaker 3>we should have been. We should have spent some of

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<v Speaker 3>that COVID money that we blew on resuscitating our defense

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<v Speaker 3>industrial base, on being able to bring good jobs back

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<v Speaker 3>to the United States that could skilled welders fix submarines,

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<v Speaker 3>build munitions, But we didn't do that, and we barely

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<v Speaker 3>we have barely touched the problem in the last year.

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<v Speaker 3>I mean, I've been calling for a national mobilization for

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<v Speaker 3>the last year because we've been digging ourselves this hole.

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<v Speaker 3>But that's not where we are in the president I

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<v Speaker 3>just saw him. He was talking, you know, in the

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<v Speaker 3>White House, and he was very moralistic and on his

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<v Speaker 3>high horse, and I.

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<v Speaker 1>Was like, what were you yelling at?

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<v Speaker 3>Man, Like, you're the one who could have said, let's

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<v Speaker 3>actually get a defense industrial base that, by the way,

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<v Speaker 3>would meet a lot of the kind of concerns that

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<v Speaker 3>you know, those of us on the new Right want,

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<v Speaker 3>which brings good industrial jobs back to this country.

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<v Speaker 1>But instead it's a.

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<v Speaker 3>Lot of the green stuff from the climate and all

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<v Speaker 3>this kind of stuff, and they don't want to do

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<v Speaker 3>more on the defense side. So I think we're in

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<v Speaker 3>really bad shape. And I actually I wrote a piece

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<v Speaker 3>the other day in The Spectator saying that we're in

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<v Speaker 3>really bad shape. And I actually underestimated the situation because

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<v Speaker 3>I didn't think about this possibility of Hamas and Israel,

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<v Speaker 3>but the Chinese that the threat has not dissipated in

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<v Speaker 3>the slightest.

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<v Speaker 1>It's probably intensifying kind of thing.

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<v Speaker 2>So where do you think all this goes? I mean, Bridge,

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<v Speaker 2>I was on radio when Russia invaded Ukraine initially, and

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<v Speaker 2>there was that moment when they were making that move

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<v Speaker 2>toward Kiev, and then everyone was saying, oh, they've turned

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<v Speaker 2>them around, and I just said, look, guys, this thing's

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<v Speaker 2>not going to end anytime soon, and it's going to

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<v Speaker 2>end up costing the US when all of a sudden done,

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<v Speaker 2>We're gonna spend a trillion dollars on this war, which

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<v Speaker 2>sounded people were just like, come on, that's insane. And

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<v Speaker 2>now I'm sort of well, it's like two hundred billion

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<v Speaker 2>in counting right now. Where do you think it's going?

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<v Speaker 3>I mean, I think you're you're you're certainly more right

0:10:58.857 --> 0:11:00.617
<v Speaker 3>than those who were dismissing it and hoping the war

0:11:00.657 --> 0:11:03.377
<v Speaker 3>would just end quickly and decisively. I mean, I don't

0:11:03.377 --> 0:11:05.897
<v Speaker 3>think Russia's going anywhere as a great power, and who

0:11:05.937 --> 0:11:08.497
<v Speaker 3>you know, they care a lot about Ukraine. Unfortunately, their

0:11:09.097 --> 0:11:11.817
<v Speaker 3>desire their life, Putin's lust to take over Ukraine or

0:11:11.897 --> 0:11:15.297
<v Speaker 3>establish a dominant position is not just. But unfortunately it's enduring,

0:11:15.377 --> 0:11:17.777
<v Speaker 3>just like North Korea's is via South Korea.

0:11:17.897 --> 0:11:18.777
<v Speaker 1>I mean, I was struck.

0:11:19.577 --> 0:11:21.817
<v Speaker 3>The administration has been pointing out that we've given one

0:11:21.897 --> 0:11:24.257
<v Speaker 3>hundred and fifty billion dollars to the Israelis or an

0:11:24.257 --> 0:11:26.737
<v Speaker 3>AID over the last time of fifty fifty plus years.

0:11:26.737 --> 0:11:28.617
<v Speaker 3>I mean, we've given almost as much to Ukraine and

0:11:28.617 --> 0:11:29.817
<v Speaker 3>over in the last year, you know, kind of a

0:11:29.857 --> 0:11:30.537
<v Speaker 3>year and a half.

0:11:30.697 --> 0:11:33.257
<v Speaker 1>So this is a huge amount of money. And that's

0:11:33.337 --> 0:11:35.937
<v Speaker 1>and that's I don't think going anywhere. So I think

0:11:35.977 --> 0:11:37.897
<v Speaker 1>we're in. I mean, where is this all going to go.

0:11:38.897 --> 0:11:43.537
<v Speaker 3>Look, we don't know what they're thinking in Tehran and Moscow.

0:11:43.617 --> 0:11:46.257
<v Speaker 3>We can Beijing, we can glean, we can infer, but

0:11:46.337 --> 0:11:48.697
<v Speaker 3>I think the most compelling way of looking at is

0:11:48.737 --> 0:11:51.617
<v Speaker 3>to kind of fit the dots on the line. Putin

0:11:51.697 --> 0:11:55.457
<v Speaker 3>didn't condemn the Hamas attack and the and the rhetoric

0:11:55.497 --> 0:11:57.737
<v Speaker 3>out of Moscow is to say, well, this is the

0:11:57.777 --> 0:11:59.417
<v Speaker 3>price you pay, this is how the you know, this

0:11:59.457 --> 0:12:01.497
<v Speaker 3>is where we're going to pull the Americans away. And

0:12:01.537 --> 0:12:04.217
<v Speaker 3>of course the Iranians have been helping the Russians with

0:12:04.297 --> 0:12:06.137
<v Speaker 3>the drones that have they been using on the front,

0:12:06.177 --> 0:12:10.177
<v Speaker 3>So the Russians owe the Iranians, and meantime, the Iranian

0:12:10.337 --> 0:12:13.577
<v Speaker 3>benefit from Hamas taking this action. That's let's apart the

0:12:13.577 --> 0:12:16.697
<v Speaker 3>Sautas and the Israelis. And who benefits the most the Chinese,

0:12:16.777 --> 0:12:19.777
<v Speaker 3>because it stretches the Americans out. And there are people

0:12:19.777 --> 0:12:21.737
<v Speaker 3>who are acting as if we have no constraints, that

0:12:21.777 --> 0:12:24.857
<v Speaker 3>there is no scarcity, and that's just not serious. And

0:12:24.897 --> 0:12:27.457
<v Speaker 3>I mean, the American people are already fed up with

0:12:27.537 --> 0:12:29.617
<v Speaker 3>the forever wars and they've spent a lot of money,

0:12:30.017 --> 0:12:31.777
<v Speaker 3>and unfortunately, I think we are going to need to

0:12:31.817 --> 0:12:33.737
<v Speaker 3>have to spend more money on defense industrial base, not

0:12:33.777 --> 0:12:35.577
<v Speaker 3>so we get into other wars, but so we can

0:12:35.617 --> 0:12:38.057
<v Speaker 3>help our allies that like Israel, that want to be

0:12:38.097 --> 0:12:40.537
<v Speaker 3>able to defend themselves, be able to do so. But

0:12:40.577 --> 0:12:42.777
<v Speaker 3>that's not where we are right now, and so you know,

0:12:42.817 --> 0:12:45.057
<v Speaker 3>we're in really grim shape. I wish the President would

0:12:45.057 --> 0:12:48.617
<v Speaker 3>have gotten on national television and say, look, people, this

0:12:48.697 --> 0:12:49.617
<v Speaker 3>is the biggest problem.

0:12:49.657 --> 0:12:52.297
<v Speaker 1>This is an opportunity to regrow our industrial base. That's

0:12:52.337 --> 0:12:52.937
<v Speaker 1>not what he did.

0:12:54.017 --> 0:12:56.617
<v Speaker 2>Interesting, you know, the notion of regrowing the industrial base,

0:12:57.217 --> 0:13:03.577
<v Speaker 2>but also the revulsion that it seems certainly the Republican base.

0:13:03.617 --> 0:13:05.457
<v Speaker 2>And I would assume a lot of Democrats have as

0:13:05.497 --> 0:13:10.817
<v Speaker 2>well for the military industrial complex. Rhee On, you know, Boeing,

0:13:11.217 --> 0:13:13.097
<v Speaker 2>how do you how do you square that? Like, is

0:13:13.097 --> 0:13:17.897
<v Speaker 2>there a way to sell revitalizing an industry, basically the

0:13:17.977 --> 0:13:20.537
<v Speaker 2>munitions industries that we have real war fighting capability and

0:13:20.537 --> 0:13:23.297
<v Speaker 2>also the ability to support our allies without sounding like

0:13:23.337 --> 0:13:24.457
<v Speaker 2>being a show for Raytheon.

0:13:24.537 --> 0:13:27.377
<v Speaker 1>You know what I mean, I know exactly what you mean.

0:13:27.417 --> 0:13:30.697
<v Speaker 3>I'm an acutely sensitive to this, you know, partially just

0:13:30.737 --> 0:13:32.977
<v Speaker 3>instrumentally being a defense guy. I always I think a

0:13:33.017 --> 0:13:35.297
<v Speaker 3>lot of people, like they hear defense and foreign policy

0:13:35.297 --> 0:13:37.417
<v Speaker 3>people talking about increasing the defense budget, they just tune

0:13:37.457 --> 0:13:38.737
<v Speaker 3>it out. I mean, I was at a hell thing

0:13:39.097 --> 0:13:40.977
<v Speaker 3>with a bunch of Republican congressman a few years ago,

0:13:40.977 --> 0:13:42.657
<v Speaker 3>and they had a bunch of more the defense hawks

0:13:42.657 --> 0:13:44.697
<v Speaker 3>came in and I overheard one of the other kind

0:13:44.697 --> 0:13:47.137
<v Speaker 3>of normal Republican congressmens, Oh, the defense hawks are back,

0:13:47.177 --> 0:13:49.417
<v Speaker 3>you know, and they just they just discount it. So

0:13:49.657 --> 0:13:53.297
<v Speaker 3>I'm sensitive that instrumentally, but also substantively. I think there's

0:13:53.337 --> 0:13:55.577
<v Speaker 3>a reason, I mean, we spend almost a trillion dollars

0:13:55.617 --> 0:13:58.777
<v Speaker 3>a year, and what do we have munition scarcity? I

0:13:58.777 --> 0:14:01.737
<v Speaker 3>mean really, so obviously this system is broken. There's five

0:14:01.817 --> 0:14:07.257
<v Speaker 3>defense primes. In the nineteen eighties we had thirty defense primes.

0:14:07.297 --> 0:14:09.297
<v Speaker 3>We had even more earlier. So to me, this is

0:14:09.297 --> 0:14:11.737
<v Speaker 3>an opportunity for the kind of industrial policy, the new

0:14:11.777 --> 0:14:13.737
<v Speaker 3>thinking that you get out of place like American Compass,

0:14:13.777 --> 0:14:16.737
<v Speaker 3>American Affairs, et cetera. On the left, people like Rocana

0:14:16.777 --> 0:14:19.857
<v Speaker 3>and Matt Stoler, that you could get a bipartisan coalition

0:14:20.177 --> 0:14:22.297
<v Speaker 3>that says, look, we're going to re We understand this

0:14:22.337 --> 0:14:24.417
<v Speaker 3>is going to take government invention. We're not just going

0:14:24.457 --> 0:14:26.417
<v Speaker 3>to fill I mean Greg Hayes, the CEO of Raytheon,

0:14:26.497 --> 0:14:28.697
<v Speaker 3>was saying that they couldn't decouple from China. I mean,

0:14:28.697 --> 0:14:31.097
<v Speaker 3>why would we stuff the pockets of people like that,

0:14:31.417 --> 0:14:34.137
<v Speaker 3>who are you know, basically accountable to their shareholders and

0:14:34.217 --> 0:14:36.617
<v Speaker 3>are not going to be thinking about what's necessarily in

0:14:36.617 --> 0:14:39.017
<v Speaker 3>the country's best And I'm not saying he's a bad guy,

0:14:39.257 --> 0:14:42.057
<v Speaker 3>but I'm saying, like, that's not And a lot of

0:14:42.097 --> 0:14:44.217
<v Speaker 3>I think the traditional Republicans say oh, let's just double

0:14:44.217 --> 0:14:48.177
<v Speaker 3>defense beending, and people are thinking themselves, yeah, really, like

0:14:48.217 --> 0:14:51.537
<v Speaker 3>that's not so. But I do think and I think

0:14:51.537 --> 0:14:55.697
<v Speaker 3>it meets a number of different political objectives and interests.

0:14:56.097 --> 0:14:57.537
<v Speaker 3>I mean, one of them is what I'm talking about,

0:14:57.537 --> 0:14:59.857
<v Speaker 3>having more weapons A, so we're ready and so we

0:14:59.897 --> 0:15:00.777
<v Speaker 3>have peace through strength.

0:15:00.777 --> 0:15:02.937
<v Speaker 1>To use the cliche, but it's kind of true. B.

0:15:03.617 --> 0:15:07.337
<v Speaker 1>We can give weapons to countries like Israel, more to Ukraine,

0:15:07.417 --> 0:15:10.257
<v Speaker 1>South Korea, Japan, Taiwan, so they can fight the who

0:15:10.297 --> 0:15:11.777
<v Speaker 1>are ready to fight. We can help them do that.

0:15:12.257 --> 0:15:15.617
<v Speaker 3>But at the same time, bring back good, hard paying job,

0:15:15.977 --> 0:15:18.657
<v Speaker 3>good you know, hard working, good paying jobs back to

0:15:18.697 --> 0:15:20.657
<v Speaker 3>this country. We don't like, we don't have enough welders

0:15:20.697 --> 0:15:23.057
<v Speaker 3>for our submarine force. We're just gonna need to create them.

0:15:23.377 --> 0:15:24.737
<v Speaker 3>And those are good jobs, and then they'll be white

0:15:24.777 --> 0:15:26.657
<v Speaker 3>collar jobs and blue collar jobs and what have you.

0:15:27.217 --> 0:15:29.377
<v Speaker 3>I think that's the way that we talk about it.

0:15:29.377 --> 0:15:31.337
<v Speaker 3>But it's very important. I think you're absolutely right, Buck,

0:15:31.497 --> 0:15:33.417
<v Speaker 3>it's very important that this not be seen and not

0:15:33.577 --> 0:15:38.257
<v Speaker 3>actually be just a gift to the established players who

0:15:38.257 --> 0:15:39.577
<v Speaker 3>are just going to keep doing what they're doing.

0:15:40.617 --> 0:15:46.177
<v Speaker 2>Yes, because it certainly seems like the big defense contractors

0:15:46.297 --> 0:15:49.657
<v Speaker 2>people have had their have had their feel of the

0:15:49.977 --> 0:15:52.417
<v Speaker 2>run up and costs that incur all the time, and

0:15:52.457 --> 0:15:58.417
<v Speaker 2>somehow the lack of sustained large scale war fighting capability

0:15:58.457 --> 0:16:00.177
<v Speaker 2>that we have at the same time, right, like, yeah,

0:16:00.217 --> 0:16:03.097
<v Speaker 2>you know, we're getting really fancy planes, but do we

0:16:03.177 --> 0:16:05.977
<v Speaker 2>have enough artillery shells? I mean, these are important things

0:16:06.017 --> 0:16:07.457
<v Speaker 2>to figure out.

0:16:07.617 --> 0:16:10.457
<v Speaker 3>Fixed ships, like basic things. And and so it's like

0:16:10.497 --> 0:16:12.817
<v Speaker 3>we're spending people say, oh, we're not spending enough on defense.

0:16:12.817 --> 0:16:14.617
<v Speaker 3>We'll like spilling and spending a trillion dollars.

0:16:14.657 --> 0:16:15.977
<v Speaker 1>Shouldn't we get a better output?

0:16:16.457 --> 0:16:19.177
<v Speaker 2>You would think? So, I want to talk China with

0:16:19.337 --> 0:16:21.817
<v Speaker 2>you in a second here, But first up, some people

0:16:21.817 --> 0:16:23.657
<v Speaker 2>in the know are speculating on a coming change to

0:16:23.657 --> 0:16:26.017
<v Speaker 2>our currency system. According to one of them, a former

0:16:26.017 --> 0:16:28.937
<v Speaker 2>Wall Street insider and digital currency expert, our federal government

0:16:28.937 --> 0:16:31.897
<v Speaker 2>could soon announce this change. In this scenario, our paper

0:16:31.897 --> 0:16:34.577
<v Speaker 2>currency could be replaced with something much more trackable, a

0:16:34.657 --> 0:16:38.137
<v Speaker 2>digital currency. This expert, a guy by the name of Tikatwari,

0:16:38.297 --> 0:16:41.097
<v Speaker 2>is warning that the official announcement could come within months.

0:16:41.377 --> 0:16:44.217
<v Speaker 2>He's exposing this government plan in an online video and

0:16:44.257 --> 0:16:46.737
<v Speaker 2>showing you the three steps you need to take to prepare.

0:16:47.097 --> 0:16:49.577
<v Speaker 2>Go to dollar recall dot com to watch this video.

0:16:49.657 --> 0:16:51.817
<v Speaker 2>You'll learn more about this plan and how to opt

0:16:51.857 --> 0:16:54.137
<v Speaker 2>out if you decide to do so. Go to dollar

0:16:54.137 --> 0:16:56.737
<v Speaker 2>recall dot com. Learn how to prepare before it's too late.

0:16:56.977 --> 0:17:00.137
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0:17:00.177 --> 0:17:03.217
<v Speaker 2>this one more time. Dollar recall dot Com paid for

0:17:03.337 --> 0:17:08.177
<v Speaker 2>by Palm Beach Research Group. All right, Bridge, So China's

0:17:08.177 --> 0:17:11.257
<v Speaker 2>watching all this stuff going on, Russia, Ukraine War, Israel

0:17:11.417 --> 0:17:15.777
<v Speaker 2>Hamas war. How are they sitting on the sidelines and

0:17:15.897 --> 0:17:19.097
<v Speaker 2>positioning themselves and benefiting and strategizing.

0:17:20.577 --> 0:17:22.617
<v Speaker 3>Well again, I mean, I don't know what's going through

0:17:22.657 --> 0:17:25.057
<v Speaker 3>Xijinping's head, but I'm looking at them and I'm saying

0:17:25.097 --> 0:17:27.977
<v Speaker 3>they're doing pretty much everything consistent with actually preparing for

0:17:28.057 --> 0:17:30.657
<v Speaker 3>war with the United States. They're training their conventional forces,

0:17:30.697 --> 0:17:32.857
<v Speaker 3>they're building them up. They're building them up in a

0:17:32.857 --> 0:17:35.097
<v Speaker 3>way that assumes they've solved the Taiwan problem. They're building

0:17:35.137 --> 0:17:37.417
<v Speaker 3>up their nuclear forces. They're sanctioned trying to sanction proof

0:17:37.457 --> 0:17:42.457
<v Speaker 3>their economy. They're conditional conditioning the Chinese people for suffering.

0:17:42.457 --> 0:17:44.577
<v Speaker 3>I mean, Chijin Ping is saying, get used to it.

0:17:44.617 --> 0:17:47.497
<v Speaker 3>There's going to be rocky waters. Okay, that's happening. Okay,

0:17:47.497 --> 0:17:49.217
<v Speaker 3>if you're China, then if you think about it kind

0:17:49.217 --> 0:17:52.697
<v Speaker 3>of inferentially or deductively, you say, what would be the

0:17:52.697 --> 0:17:55.097
<v Speaker 3>best situation. If you're going to attack Taiwan, if you're

0:17:55.097 --> 0:17:57.457
<v Speaker 3>going to take on the Americans, that's like a cosmic

0:17:57.497 --> 0:17:58.137
<v Speaker 3>roll of the dice.

0:17:58.337 --> 0:17:59.897
<v Speaker 1>And what's the lesson of Putin?

0:17:59.897 --> 0:18:02.177
<v Speaker 3>Putin has given a masterclass on what not to do

0:18:02.577 --> 0:18:05.057
<v Speaker 3>if you're an aggressor. You know, don't attack in twenty

0:18:05.097 --> 0:18:07.697
<v Speaker 3>fourteen and then wait eight years. Don't assume the other

0:18:07.697 --> 0:18:10.297
<v Speaker 3>guy's going to fall apart. Don't take for granted that

0:18:10.337 --> 0:18:14.417
<v Speaker 3>the Western Allies are going to be disunity, unified, et cetera. Okay,

0:18:14.417 --> 0:18:15.817
<v Speaker 3>if you're cheated in opinion, you take that, I mean,

0:18:15.817 --> 0:18:18.737
<v Speaker 3>it's pretty common sensical, then you basically, I think you

0:18:18.777 --> 0:18:22.257
<v Speaker 3>benefit from trying to stretch the Americans as much as possible. So, actually,

0:18:22.337 --> 0:18:25.217
<v Speaker 3>from China's point of view, I think the current situation

0:18:25.297 --> 0:18:28.497
<v Speaker 3>in Europe is actually optimal. Like they don't even necessarily

0:18:28.537 --> 0:18:32.497
<v Speaker 3>want a total Russian victory because now they Russia is

0:18:32.537 --> 0:18:35.217
<v Speaker 3>totally dependent on them and it's tying down the Americans

0:18:35.257 --> 0:18:36.657
<v Speaker 3>and by the way, the Europeans as well.

0:18:36.697 --> 0:18:39.297
<v Speaker 1>Oh, and then there's a major war that breaks out

0:18:39.337 --> 0:18:40.257
<v Speaker 1>in the Middle East.

0:18:40.257 --> 0:18:41.897
<v Speaker 3>And the United States might get involved in that, and

0:18:42.217 --> 0:18:46.257
<v Speaker 3>its attention is directed towards that well, you stretch the Americans,

0:18:46.297 --> 0:18:48.297
<v Speaker 3>you stretch, You stretch to stretch, and that gives you

0:18:48.337 --> 0:18:50.777
<v Speaker 3>a you the best opening possible. I'm not saying they're

0:18:50.777 --> 0:18:53.057
<v Speaker 3>going to do it tomorrow, but I am saying I

0:18:53.057 --> 0:18:55.577
<v Speaker 3>think there's a very very real risk in the coming years.

0:18:56.417 --> 0:18:59.057
<v Speaker 3>And China's behavior suggests a country that's you know, oh,

0:18:59.097 --> 0:19:01.217
<v Speaker 3>and then they're not going to pay any cost they

0:19:01.297 --> 0:19:03.337
<v Speaker 3>don't have to. They're saying, oh, we'd like to help

0:19:03.377 --> 0:19:05.777
<v Speaker 3>both parties in Europe and also in the Middle East.

0:19:06.017 --> 0:19:09.097
<v Speaker 3>So everybody's kind of trying to curry favor with the Chinese,

0:19:09.137 --> 0:19:11.337
<v Speaker 3>so they're not going to us up if a war

0:19:11.417 --> 0:19:12.537
<v Speaker 3>does happen in the Pacific.

0:19:13.497 --> 0:19:15.977
<v Speaker 2>What is the relationship like right now with China and

0:19:16.057 --> 0:19:17.697
<v Speaker 2>Russia specifically.

0:19:18.577 --> 0:19:20.337
<v Speaker 3>I mean, I think it's the closest has been since

0:19:20.377 --> 0:19:22.657
<v Speaker 3>the nineteen fifties in some ways, perhaps even closer at

0:19:22.697 --> 0:19:23.297
<v Speaker 3>the leader level.

0:19:23.377 --> 0:19:24.977
<v Speaker 1>I mean, they have deep, deep engagement.

0:19:25.017 --> 0:19:27.097
<v Speaker 3>I mean, the Russians are clearly the junior partner, but

0:19:27.137 --> 0:19:30.017
<v Speaker 3>I don't think they certainly Putin thinks he has an alternative.

0:19:30.417 --> 0:19:31.657
<v Speaker 1>And so what are the Chinese doing.

0:19:31.657 --> 0:19:36.697
<v Speaker 3>They're basically they are getting you know, secure natural resources,

0:19:36.857 --> 0:19:39.617
<v Speaker 3>energy supplies, possibly food and other things from Russia. And

0:19:39.657 --> 0:19:42.017
<v Speaker 3>by the way, the Russian military industry could potentially help

0:19:42.057 --> 0:19:44.017
<v Speaker 3>them out. And what are they doing in return, Well,

0:19:44.057 --> 0:19:47.537
<v Speaker 3>they're not providing weapons, but Russia's good at producing weapons

0:19:47.537 --> 0:19:48.017
<v Speaker 3>and can get.

0:19:47.937 --> 0:19:49.297
<v Speaker 1>It from Iran and North Korea.

0:19:49.817 --> 0:19:53.537
<v Speaker 3>They're propping up the Russian economy by you know, basically

0:19:53.577 --> 0:19:55.657
<v Speaker 3>with money, which is by far the most important thing.

0:19:55.697 --> 0:19:57.937
<v Speaker 3>So they don't tick off the Europeans and the Americans

0:19:58.297 --> 0:20:01.497
<v Speaker 3>enough to cross their threshold, but they achieve the goal anyway,

0:20:01.857 --> 0:20:04.297
<v Speaker 3>So I think it's a And then I think to myself, Okay,

0:20:04.377 --> 0:20:07.497
<v Speaker 3>if we think back to that stretching the United States problem, well,

0:20:07.617 --> 0:20:10.617
<v Speaker 3>China's really bailed Russia out. I mean Russia needs. If

0:20:10.697 --> 0:20:12.977
<v Speaker 3>China weren't around, Russia would be up a creek, probably

0:20:12.977 --> 0:20:16.457
<v Speaker 3>without a paddle. If you're in that situation, you're in

0:20:16.457 --> 0:20:18.137
<v Speaker 3>a long war with the West, and there's no way

0:20:18.137 --> 0:20:22.337
<v Speaker 3>there's going to be a there's not unlikely to be

0:20:22.377 --> 0:20:23.617
<v Speaker 3>a deal, and that Putin's going.

0:20:23.497 --> 0:20:23.897
<v Speaker 1>To cut a deal.

0:20:23.937 --> 0:20:25.177
<v Speaker 3>And by the way, I don't think the Chinese would

0:20:25.257 --> 0:20:28.777
<v Speaker 3>necessarily agree to back him in making a deal. Well,

0:20:28.817 --> 0:20:30.937
<v Speaker 3>then you know, maybe you get payback. I think there's

0:20:30.937 --> 0:20:33.017
<v Speaker 3>a very real possibility that the Chinese decide to go.

0:20:33.457 --> 0:20:36.457
<v Speaker 3>If I were Chijinping, what would I do? I would say, Hey, Putin,

0:20:36.497 --> 0:20:38.657
<v Speaker 3>I really bailed out. Now it's your turn to help

0:20:38.657 --> 0:20:38.897
<v Speaker 3>me out.

0:20:38.937 --> 0:20:39.977
<v Speaker 1>I want you to do X y Z.

0:20:40.137 --> 0:20:44.497
<v Speaker 3>Doesn't mean they're gonna invade Germany or something, although anything's possible,

0:20:44.497 --> 0:20:46.697
<v Speaker 3>but it's it does mean, hey, I'm going to make

0:20:46.737 --> 0:20:49.457
<v Speaker 3>things even worse in Europe to distract and tie down

0:20:49.497 --> 0:20:50.457
<v Speaker 3>the Americans.

0:20:51.057 --> 0:20:54.137
<v Speaker 2>Let's talk about the Chinese economy here and just second

0:20:54.137 --> 0:20:56.617
<v Speaker 2>it first up. You know you can see if you're

0:20:56.657 --> 0:20:58.417
<v Speaker 2>watching this, then you should because you should be subscribed

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<v Speaker 2>to our YouTube channel, YouTube dot com slash bucks ax.

0:21:00.657 --> 0:21:02.297
<v Speaker 2>And I've kind of let it go here with a beard,

0:21:02.337 --> 0:21:04.177
<v Speaker 2>and I'm not bearded these days, but I just have

0:21:04.217 --> 0:21:05.577
<v Speaker 2>been lazy for a few days. But you know what

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<v Speaker 2>It's crazy. No, no, just one high quality blade held by

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<v Speaker 2>twenty percent off your first order. Bridge is a very

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<v Speaker 2>clean He's always been a very clean I've never seen

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<v Speaker 2>Bridge with.

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<v Speaker 1>A b I had a beard for one year.

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<v Speaker 2>Oh okay, I mean I've known Bridge like I met

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<v Speaker 2>Bridge with the first twenty years ago and and I've

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<v Speaker 2>never seen him with a beer before. So I got

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<v Speaker 2>to send him a one blade. But before we before

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<v Speaker 2>we let you go, you see this stuff about about

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<v Speaker 2>what is it evergrand and China, and you know the

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<v Speaker 2>economy there is there a chance. There are some folks

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<v Speaker 2>out there, including one or two we're friends of mine,

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<v Speaker 2>who are always like, the Chinese economy is about to implode,

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<v Speaker 2>and it doesn't really happen, but it could. What do

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<v Speaker 2>you see going on with China economically, because that's obviously going.

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<v Speaker 3>To play a big role in all of this, well

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<v Speaker 3>from a strategic point of view, from a national interest

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<v Speaker 3>point of view, I think we have to bet on

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<v Speaker 3>the you know, we have to bet.

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<v Speaker 1>We can't. We can't bet on winning the lottery.

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<v Speaker 3>So maybe it'll fall apart, but it seems pretty unlikely,

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<v Speaker 3>and I think we need to prepare for the downside risks.

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<v Speaker 1>So to me, that kind of settles it and more

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<v Speaker 1>and more to the point, I think, you know, the.

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<v Speaker 3>Best analysis I'm seeing is that the Chinese are running

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<v Speaker 3>into structural headwinds that day back for decades. You know,

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<v Speaker 3>Shijinping's own economic moves may be slowing the economy as well,

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<v Speaker 3>but I mean, like we see with the Huawei phone

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<v Speaker 3>and things going on, unfortunately, I think they are continuing

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<v Speaker 3>to you know, grow and make significant progress. I think,

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<v Speaker 3>you know, the best assessment, you know, is that there

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<v Speaker 3>is probably going to be a significant slowdown in the

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<v Speaker 3>Chinese economy with from like say the seven percent world

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<v Speaker 3>but probably in the realm of like two to three

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<v Speaker 3>percent real growth.

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<v Speaker 1>Two three percent growth, it's a lot lower than it

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<v Speaker 1>used to be, pretty high by OECD standards.

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<v Speaker 3>I mean, the German economy is going to contract this year,

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<v Speaker 3>our economy unclear, Other economies like the British economy, I believe,

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<v Speaker 3>had trough times.

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<v Speaker 1>So two to three percent, it's all relative.

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<v Speaker 3>And you know the other thing I say, there's a

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<v Speaker 3>huge number of people in China, especially including people who

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<v Speaker 3>have not yet reached like high levels of economic development.

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<v Speaker 3>There's still large levels of catch up growth available to China.

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<v Speaker 3>So I think the prudent assessment is that they're going

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<v Speaker 3>to continue to grow, even if at a slower rate.

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<v Speaker 2>Now I was, I mean, I was going to end

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<v Speaker 2>with that, but actually I want to ask you something

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<v Speaker 2>just out of my own curiosity. You know, your assessment

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<v Speaker 2>of this. You talked about China, how it might be

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<v Speaker 2>preparing for war with the US, and you see some

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<v Speaker 2>of those some of those movements and some of that underway.

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<v Speaker 2>At its core is the Chinese regime. The Chinese Communist

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<v Speaker 2>Party of today was Shijinping as its dictator. Effectively, is

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<v Speaker 2>it just an oppositional regime to the liberal world order

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<v Speaker 2>or is it a hostile and existential threat regime to

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<v Speaker 2>the world order? You know what I mean?

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<v Speaker 1>Yeah?

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<v Speaker 3>So look, I mean I think part of what makes

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<v Speaker 3>this situation so dangerous is that is that I don't

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<v Speaker 3>think China is totally irrational for thinking about going to war.

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<v Speaker 3>In fact, in some ways it is quite rational. And

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<v Speaker 3>a lot of this has to do ultimately, what this

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<v Speaker 3>is about is economics and growth and commerce and prosperity

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<v Speaker 3>and so forth. And I think what China appears to

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<v Speaker 3>want is what I think of as like a secure,

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<v Speaker 3>large economic sphere where they have a lot of scale

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<v Speaker 3>and they could orient the world's economy, particularly Asian economy,

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<v Speaker 3>around them, and then use that leverage to command the

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<v Speaker 3>world economy. Why would they want to do that? Because

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<v Speaker 3>it's awesome because you can you get to live better,

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<v Speaker 3>because you get to boss everybody else around.

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<v Speaker 1>And that's not I don't think they're like, I don't you.

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<v Speaker 3>Know, chese in opinion, he's not not a great human being,

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<v Speaker 3>I don't think, to say the least, but he's not Mauzadoon.

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<v Speaker 1>He's not Paul Pott.

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<v Speaker 3>I actually think if we were facing a non communist

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<v Speaker 3>Chinese regime or government, we might face very similar problems.

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<v Speaker 3>And that's what this sort of like the tragedy of

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<v Speaker 3>great power politics is. The problem is if China achieves

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<v Speaker 3>that goal and they appear to believe that we are

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<v Speaker 3>trying to strangle them with our economic sanctions, that's part

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<v Speaker 3>of the problem, a little bit like what happened with Japan.

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<v Speaker 1>In nineteen forty one.

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<v Speaker 3>They were the bad guys, but we kind of put

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<v Speaker 3>them in a corner with our oil and sanctions in

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<v Speaker 3>nineteen forty one, but without the military strength to deter them.

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<v Speaker 3>I think if China succeeds in that respect, because people

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<v Speaker 3>rightly are saying, well, you know, Taiwan doesn't appear to

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<v Speaker 3>care a lot about its defense, why should we care.

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<v Speaker 3>It's have a world away. The problem is Asia is

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<v Speaker 3>the world's the center of the world economy, and if

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<v Speaker 3>China dominates that, we're all going to be working for

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<v Speaker 3>them basically, and that means in their system, we're going

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<v Speaker 3>to be working basically for Shijinping. And that's why Taiwan

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<v Speaker 3>and the first island chain are so important, and unfortunately

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<v Speaker 3>that's all kind of theoretical. But then I look at

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<v Speaker 3>the data points that we see and they're consistent with

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<v Speaker 3>what I'm saying.

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<v Speaker 1>That's what really scares me.

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<v Speaker 2>Bridge Colby everybody, A Strategy of Denial is his book.

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<v Speaker 2>You should pick it up and uh Bridge, always insightful

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<v Speaker 2>and appreciate your expertise. My friend. Good to see you.

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<v Speaker 1>Thanks, Bob, good to see you too.