WEBVTT - Iran Revolution-Why this is Different...Trump is not Obama

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<v Speaker 1>Welcome. It is Verdict with Center Ted Cruz. It is

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<v Speaker 1>so nice to have you with us and Centaer. We've

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<v Speaker 1>got a big show today. First off, Iran and President

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<v Speaker 1>Trump's speaking out in a very bold way.

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<v Speaker 2>Well, this week is momentous and that millions of Iranians

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<v Speaker 2>continue to stand up and fight to overthrow the Ayahtola,

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<v Speaker 2>to overthrow the Mullahs, the radical Islamist who have dominated

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<v Speaker 2>that country for five decades. And President Trump has come

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<v Speaker 2>out unequivocally in support of the protesters. And just this

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<v Speaker 2>week he came out and said it is time for

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<v Speaker 2>a new government in Iran. The Ayahtola needs to go.

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<v Speaker 2>That is enormously consequential. We're going to break down why

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<v Speaker 2>he said, what he did, what it means, and what's

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<v Speaker 2>going to happen next.

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<v Speaker 1>Yeah, it really is an important story. I want to

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<v Speaker 1>also reminds you about an incredible organization, our friends at

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<v Speaker 1>Compassion International. Right now, somewhere in the world, a kid

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<v Speaker 1>you've never met is writing you a letter. They're telling

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<v Speaker 1>you about their day, their dreams, the goal they scored,

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<v Speaker 1>the tests they passed, the new friend they made at school.

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<v Speaker 1>Maybe they're drawing you even a picture maybe they've asked

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<v Speaker 1>you about your family, your favorite color, what makes you laugh.

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<v Speaker 1>They're wondering who you are, this person who cares enough

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<v Speaker 1>to be part of their story. And you you're not

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<v Speaker 1>just sending money, You're writing back. You're showing up month

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<v Speaker 1>after month, letter after letter. You're celebrating their victories, encouraging

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<v Speaker 1>them through challenges, and reminding them that they truly matter. Now,

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<v Speaker 1>this isn't a transaction, It's an incredible relationship that spans

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<v Speaker 1>continence and changes everything for both of you. That is

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<v Speaker 1>where Compassion International connects you directly with one child, real letters,

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<v Speaker 1>real relationships, and real change. Because poverty isn't solved with

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<v Speaker 1>donations alone. It's solved by showing up impact the world,

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<v Speaker 1>one child at a time, and learn how at Compassion

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<v Speaker 1>dot com. That's Compassion dot com. All right. So, Center

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<v Speaker 1>Sunday Morning, I was watching CBS like Sunday Morning, their

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<v Speaker 1>show it with Jane Pawley, and they were reminding people

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<v Speaker 1>that Tuesday is one year since President Trump will be

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<v Speaker 1>in office, and they were talking about this and they

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<v Speaker 1>were also comparing it, saying that Donald Trump has gone

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<v Speaker 1>so rogue on the world stage now, and they had

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<v Speaker 1>a historian on to say, well, most countries don't make

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<v Speaker 1>it to two hundred and fifty years with a democracy

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<v Speaker 1>and freedom, and so they were clearly implying that this

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<v Speaker 1>is that two hundred and fifty year anniversary. We probably

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<v Speaker 1>won't make it there by July because Donald Trump's gone

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<v Speaker 1>so rogue. And I laugh because I'm like, this guy

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<v Speaker 1>is so clearly transparent and what he wants to do

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<v Speaker 1>and what the voters told him to do. Iran as

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<v Speaker 1>another example of that, you don't have to guess. He

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<v Speaker 1>has said what our state admission is.

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<v Speaker 2>Well, I got to say. Your first mistake is what

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<v Speaker 2>on earth will you doing watching CBS this morning? I

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<v Speaker 2>was on, I was on Maria Bartiromo, but apparently I'm

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<v Speaker 2>Chop Liver and so you weren't interested in watching me.

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<v Speaker 2>You instead wanted.

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<v Speaker 1>To commies were peddling out there.

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<v Speaker 2>Look, you wanted to listen to COMMI historians lie and

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<v Speaker 2>say democracy died the day the American people elected Donald Trump.

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<v Speaker 2>By the way, they think democracy died any time the

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<v Speaker 2>voters don't elect left wing radical democrats. You know, it

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<v Speaker 2>reminds me of a Nigo Montoya and the Princess Bride

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<v Speaker 2>when it comes to democracy, you keep on using that word.

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<v Speaker 2>I do not think it means what you think it means.

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<v Speaker 2>Like their definition of democracy is not what you actually

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<v Speaker 2>would get looking in the dictionary, which is the people voting.

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<v Speaker 2>And actually pure democracy is the people voting and choosing

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<v Speaker 2>the policies that will govern their country. We don't have

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<v Speaker 2>a pure democracy. We have a republic. What is a republic.

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<v Speaker 2>A republic is where the people vote to elect their representatives.

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<v Speaker 2>So the people are not voting on should our top

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<v Speaker 2>marginal tax rate be thirty six percent or fifty percent

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<v Speaker 2>or ten percent. That would be direct democracy, but instead

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<v Speaker 2>we have You could call it a democratic republic because

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<v Speaker 2>it is a republic where democracy operates to elect our representatives.

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<v Speaker 2>But when people use democracy capital d they usually mean

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<v Speaker 2>that the voters get to decide. But that's not how

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<v Speaker 2>democrats use it, that's not how the media use it. Instead,

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<v Speaker 2>what they mean by democracy is socialists and Marxists are

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<v Speaker 2>in power, and by the way, they're perfectly happy to

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<v Speaker 2>ignore the voters if it keeps them in power. Let's

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<v Speaker 2>focus on I ran for a moment because listen, and

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<v Speaker 2>we've talked about this on the pod in the last

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<v Speaker 2>couple of weeks. I really do think we're in a

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<v Speaker 2>momentous moment like unlike anything we have seen since the

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<v Speaker 2>late nineteen in the eighties, the early nineteen nineties. We're

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<v Speaker 2>in a moment where three of the most viciously anti

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<v Speaker 2>American regimes across the planet, Iran, Venezuela, and Cuba. In

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<v Speaker 2>the next six months, we could see all three of

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<v Speaker 2>those regimes fall, and we could also see free and

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<v Speaker 2>fair elections and all three of them. And if that happens,

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<v Speaker 2>I think there is a real possibility that they will

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<v Speaker 2>elect democratically elect going back to big D democracy. The voters,

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<v Speaker 2>I believe there's a real possibility will elect leaders who

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<v Speaker 2>will defend free markets, defend freedom, and critically stop waging

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<v Speaker 2>war on America and make the choice to be friends

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<v Speaker 2>with America. If that happens, it will be the most

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<v Speaker 2>consequential change on the global stage since the fall of

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<v Speaker 2>the Berlin Wall, since Ronald Reagan and America won the

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<v Speaker 2>Cold War. And we did that without firing a shot.

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<v Speaker 2>That changed the entire globe, and we could see in

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<v Speaker 2>twenty twenty six a change. Every bit is significant. Now,

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<v Speaker 2>let me be clear, there are a thousand ways for

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<v Speaker 2>things to go wrong in Iran, in Venezuela, in Cuba.

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<v Speaker 2>So and what we do know for certainty is it

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<v Speaker 2>will not be smooth and without challenges. We know that

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<v Speaker 2>to an absolute certainty. Expect the unexpected. That being said,

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<v Speaker 2>President Trump came out this week and he explicitly said

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<v Speaker 2>it is time for a new government in Iran. He

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<v Speaker 2>had never said that before, throughout the first term, throughout

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<v Speaker 2>this term until right now, he had explicitly not gone

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<v Speaker 2>so far as to embrace quote regime change. Now, Ben,

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<v Speaker 2>you'll remember what was it six seven months ago when

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<v Speaker 2>I did Tucker Carlson Show. He started by peripatetically freaking

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<v Speaker 2>out and saying, my god, Cruz, you're for regime change

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<v Speaker 2>in Iran. And he had a heart attack, and then

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<v Speaker 2>he began laughing maniacally, which he does a lot. The

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<v Speaker 2>odd thing is, I think any rational American should be

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<v Speaker 2>wont to see regime change. If you ask yourself, is

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<v Speaker 2>America better off if the leader of Iran is not

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<v Speaker 2>a crazy religious nut, an Islamist radical who chance death

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<v Speaker 2>to America, to kill, who chance death to America, who

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<v Speaker 2>murders and tortures his own people. Who is the biggest

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<v Speaker 2>funder of terrorism on planet Earth, who provides more than

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<v Speaker 2>ninety percent of the funding to Hamas, who provides more

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<v Speaker 2>than ninety percent of the funding to Hesbela, who is

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<v Speaker 2>responsible for killing hundreds, if not thousands, of Americans. Like unequivocally,

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<v Speaker 2>America would be better off if the Ayatola was no

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<v Speaker 2>longer the leader of Iran. Now, part of the reason

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<v Speaker 2>why the words regime change have a stigma connected to them,

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<v Speaker 2>it is many remembered the Iraq War, Remember the George W.

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<v Speaker 2>Bush administration, where regime change justified sending hundreds of thousands

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<v Speaker 2>of American troops to spend years fighting in a distant war.

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<v Speaker 2>And they don't want to see that. And by the way,

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<v Speaker 2>I don't want to see that. I think the Iraq

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<v Speaker 2>War was a mistake. I have said that for a

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<v Speaker 2>long long time. So when I say I support regime change,

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<v Speaker 2>it doesn't mean I want to send hundreds of thousands

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<v Speaker 2>of American troops onto the ground in Iran. What it

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<v Speaker 2>means is it is unequivocally in our interest to see

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<v Speaker 2>the Iatola fall. I think the Iatola's fall ought to

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<v Speaker 2>be driven primarily by the Iranian people, and it's why

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<v Speaker 2>this uprising is so consequential because it is Iranians who

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<v Speaker 2>are risking their lives to overturn this regime, this dictatorship.

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<v Speaker 2>But President Trump, I think is doing a good job

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<v Speaker 2>of number one, making clear that America stands with the people,

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<v Speaker 2>stands with the protesters, and threatening accountability and what is

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<v Speaker 2>accountability look like like. He has made clear to the

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<v Speaker 2>government of Iran if you just sit there and begin

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<v Speaker 2>massacring the protesters, there will be real consequences. He hasn't

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<v Speaker 2>specified what they are, but the clear implication is the

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<v Speaker 2>consequences will be military and nature. That deterrence, by the way,

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<v Speaker 2>military and nature is not send hundreds of thousands of

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<v Speaker 2>troops to the ground, but it may well be bombed

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<v Speaker 2>the crap out of something like there is And hopefully

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<v Speaker 2>that is a.

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<v Speaker 1>They are remembering the ran nuclear sites that we just

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<v Speaker 1>hit doing the impossible mission. Yep. And I do think

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<v Speaker 1>that's part of terms calculus, Like if you don't believe me,

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<v Speaker 1>just go look at your nuclear sites. Don't don't don't

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<v Speaker 1>test me here. Don't think I won't do this right?

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<v Speaker 2>And look, you combine President Trump taking out the Iranian

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<v Speaker 2>nuclear facilities, and you combine it with the raid and

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<v Speaker 2>arrest on Maduro, two incredibly audacious national security steps massively

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<v Speaker 2>improve the national security of America. Both were incredible successes.

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<v Speaker 2>And in Iran, Israel has already taken out their air defenses.

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<v Speaker 2>Their air defenses are essentially non existence.

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<v Speaker 1>Now.

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<v Speaker 2>Any time you engage in military action there is a risk.

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<v Speaker 2>I mean, we could have casualties, but Iran is in

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<v Speaker 2>a markedly wicked, weakened position, and so that threat is consequential.

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<v Speaker 2>I also hope and I believe, and I don't have

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<v Speaker 2>any classified information on this, so I'm not revealing anything,

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<v Speaker 2>but I hope and believe there's quite a bit that

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<v Speaker 2>is happening under the surface that we're not seeing in

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<v Speaker 2>terms of covert activities. I hope we're doing everything humanly

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<v Speaker 2>possible to help and support the protesters so that they

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<v Speaker 2>can overthrow the government, not us, but them. But we

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<v Speaker 2>can be contrasted to what happened when Barack Obama was president,

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<v Speaker 2>and I want to actually I want to compare the

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<v Speaker 2>two and give you that contrast. So there was an

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<v Speaker 2>article in Tablet magazine several days ago, and it's called

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<v Speaker 2>is this Time Different? In Iran? By an author named

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<v Speaker 2>Peter throw and here's what he said. I want to

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<v Speaker 2>read this at some length because I think it's really

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<v Speaker 2>quite interesting and profound. In two thousand and nine, what

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<v Speaker 2>shocked me about President Barack Obama's lack of support for

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<v Speaker 2>the Green Movement protesters in Iran was the failure to

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<v Speaker 2>launch of the Commander in Chief's colossal ego. Here were

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<v Speaker 2>thousands of young Iranians filling the streets of Tehran to

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<v Speaker 2>appeal to him, even with a wistful pawn on his name. Obama,

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<v Speaker 2>Bama Bashid Obama be with us. Anyone in government at

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<v Speaker 2>the time knew that the Chicago un lacked nothing in

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<v Speaker 2>the way of ruthlessness, though he tended to save it

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<v Speaker 2>for republicans of the non Islamic variety. He applied the

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<v Speaker 2>word enemy to the GOP, but never to the Mullahs.

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<v Speaker 2>If righteous anger at the regime's murder of dissidence didn't

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<v Speaker 2>meet the threshold for Chicago rules, I thought surely vanity

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<v Speaker 2>might do the job. But opening to Iran had been

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<v Speaker 2>an early theme of his presidency. That same year, with

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<v Speaker 2>a mushy Persian New Year message and a secret letter

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<v Speaker 2>to Supreme Leader Ali Kameni of whom he knew little. Quote.

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<v Speaker 2>Despite his title of Supreme Leader, Kameni's authority wasn't absolute.

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<v Speaker 2>Obama preposterously intoned in his memoir of Promised Land in

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<v Speaker 2>twenty twenty, quote, he had to confer with a powerful

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<v Speaker 2>council of clerics, the Guardian's council. Referring to the clerics,

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<v Speaker 2>journalist Kareem Sajjapur observed that their average age is deceased.

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<v Speaker 2>Obama continued, that's pretty funny. Obama continued, quote, my first

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<v Speaker 2>impulse was to express strong support for the demonstrators, Obama

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<v Speaker 2>records further in that memoir. But when I gathered my

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<v Speaker 2>national security team, are Iran experts advised against such a move.

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<v Speaker 2>According to them, any statement for me would likely backfire.

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<v Speaker 2>Activists inside Iran fear that supportive statements from the US

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<v Speaker 2>government would be seized upon to discredit their movement.

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<v Speaker 1>That's amazing.

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<v Speaker 2>The latter statement was ridiculous on its face, as the

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<v Speaker 2>demonstrators were openly pleading for outside support and from him specifically.

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<v Speaker 2>He may have been ignorant about how Ronald Reagan's harsh

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<v Speaker 2>anti Moscow rhetoric boosted the morale of imprisoned dissidence like

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<v Speaker 2>Datan Sharansky. But what of that national security team? Obama

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<v Speaker 2>does not name them, but his administration would become known

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<v Speaker 2>for high level sentimentalists towards Iran, Rob Malley, Samantha Power,

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<v Speaker 2>Philip Gordon, sahir Naurazadree, and the diplomatic weaklings who would

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<v Speaker 2>negotiate the nuclear deal. So Obama issued a series of

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<v Speaker 2>statements that he himself would describe as quote bland, bureaucratic,

0:13:56.320 --> 0:14:00.360
<v Speaker 2>and passive. Bitter that quote, I had to listen to

0:14:00.400 --> 0:14:05.480
<v Speaker 2>Republicans how that I was coddling a murderous regime. Actually

0:14:05.480 --> 0:14:08.600
<v Speaker 2>he was six years away from truly coddling it. Our

0:14:08.679 --> 0:14:12.080
<v Speaker 2>cerebral leader lamented that as president, quote, my heart was

0:14:12.160 --> 0:14:16.640
<v Speaker 2>now chained to strategic considerations and tactical analysis, my conviction

0:14:16.840 --> 0:14:20.840
<v Speaker 2>subject to counterintuitive arguments that in the most powerful office

0:14:20.880 --> 0:14:23.560
<v Speaker 2>on Earth, I had less freedom to say what I

0:14:23.640 --> 0:14:26.240
<v Speaker 2>meant and act on what I felt than I had

0:14:26.320 --> 0:14:29.720
<v Speaker 2>as a senator. In other words, what passed for his

0:14:29.880 --> 0:14:35.600
<v Speaker 2>convictions were easily defeated by an America bad briefing from

0:14:35.600 --> 0:14:40.160
<v Speaker 2>his subordinates. Now it goes on to say, numbers are

0:14:40.160 --> 0:14:43.800
<v Speaker 2>still inexact, but Tehran's thugs made about four thousand arrests

0:14:44.280 --> 0:14:47.760
<v Speaker 2>and killed hundreds to quell the two thousand and nine demonstration.

0:14:48.520 --> 0:14:51.920
<v Speaker 2>The Green Movements leaders were jailed globally, dissidents of all stripes,

0:14:51.920 --> 0:14:55.000
<v Speaker 2>and even Madonna and U two spoke out in favor

0:14:55.000 --> 0:14:57.400
<v Speaker 2>of Iranian democracy. By the way, where are Madonna and

0:14:57.440 --> 0:15:00.560
<v Speaker 2>you two right now? That's an interesting question. Was it

0:15:00.680 --> 0:15:04.400
<v Speaker 2>a bitter pill for a cool cat like Obama not

0:15:04.480 --> 0:15:07.320
<v Speaker 2>to be in that club? I suspect not, as he

0:15:07.360 --> 0:15:12.080
<v Speaker 2>harbored some sentimentality towards the Islamic Republic, having stated in

0:15:12.080 --> 0:15:14.080
<v Speaker 2>his first letter to its leader, as well as in

0:15:14.120 --> 0:15:18.240
<v Speaker 2>his tape video message on the occasion of Norah's the

0:15:18.280 --> 0:15:22.000
<v Speaker 2>Persian New Year, that he sought normalization with the state

0:15:22.080 --> 0:15:26.400
<v Speaker 2>sponsor of terror, a long step beyond better hope, hoping

0:15:26.440 --> 0:15:29.360
<v Speaker 2>for better relations with a Ran someday, as you might

0:15:29.400 --> 0:15:30.520
<v Speaker 2>do in a holiday.

0:15:30.120 --> 0:15:33.800
<v Speaker 1>Greeting, Sinta, I just gotta stop. And I do love

0:15:33.840 --> 0:15:36.840
<v Speaker 1>the revisionist history from Barack Obama. He's like, hey, I

0:15:37.040 --> 0:15:39.320
<v Speaker 1>wanted to stay with the people at Iran, but my

0:15:39.640 --> 0:15:43.040
<v Speaker 1>team told me not to. So therefore that's why I

0:15:43.040 --> 0:15:46.320
<v Speaker 1>didn't do it. Leaders lead like straight up. Leaders lead,

0:15:46.880 --> 0:15:48.840
<v Speaker 1>You lead that you're at the front of the ship.

0:15:48.960 --> 0:15:52.240
<v Speaker 1>You're in charge. It's it's supposed to be your foreign policy.

0:15:52.800 --> 0:15:54.600
<v Speaker 1>And then you look at what he actually did with

0:15:54.640 --> 0:15:57.720
<v Speaker 1>Iran and you understand he was aiding in a betting

0:15:57.800 --> 0:16:01.440
<v Speaker 1>and helping them stay on top in Iran. Like, let's

0:16:01.520 --> 0:16:04.200
<v Speaker 1>just be clear, we sent them money. Yeah.

0:16:04.280 --> 0:16:08.920
<v Speaker 2>Yeah, Look to understand leader's lead. And by the way

0:16:08.920 --> 0:16:12.640
<v Speaker 2>Obama was leading. Obama was leading. There is there's practically

0:16:12.640 --> 0:16:15.200
<v Speaker 2>not an Islamist on planet Earth that he didn't coddle,

0:16:15.320 --> 0:16:16.480
<v Speaker 2>embrace and send money.

0:16:16.560 --> 0:16:19.480
<v Speaker 1>True, it was right right when he got elected. Remember

0:16:19.600 --> 0:16:21.680
<v Speaker 1>it was all about the buzzom world in a reset.

0:16:22.320 --> 0:16:24.440
<v Speaker 2>And by the way, when he was brand new in office,

0:16:24.520 --> 0:16:27.000
<v Speaker 2>he flew to as president, he flew to Cairo, to

0:16:27.080 --> 0:16:28.840
<v Speaker 2>the University of Cairo, and he gave a speech where

0:16:28.840 --> 0:16:31.640
<v Speaker 2>he said Iran has a right and he used the

0:16:31.680 --> 0:16:35.280
<v Speaker 2>word right to nuclear weapons nuclear technology. Actually didn't say weapons,

0:16:35.280 --> 0:16:39.080
<v Speaker 2>he said nuclear technology technology. That was absurd. And so

0:16:39.440 --> 0:16:43.000
<v Speaker 2>his claiming to be reluctant, I think is a brazen lie.

0:16:43.120 --> 0:16:46.080
<v Speaker 2>This is his ideology. And by the way, it came

0:16:46.120 --> 0:16:48.840
<v Speaker 2>to full flower under the Biden White House. And I

0:16:48.840 --> 0:16:51.200
<v Speaker 2>think the history for a lot of folks that may

0:16:51.240 --> 0:16:53.640
<v Speaker 2>not remember what was happening. Look, two thousand and nine

0:16:53.720 --> 0:16:58.360
<v Speaker 2>was sixteen seventeen years ago, was a long time ago. Yeah,

0:16:58.480 --> 0:17:01.320
<v Speaker 2>let me jump forward because the question then is okay,

0:17:01.320 --> 0:17:04.720
<v Speaker 2>what's different now? And let me jump forward to this article.

0:17:04.720 --> 0:17:08.560
<v Speaker 2>I think it's a really insightful article. So, after two

0:17:08.640 --> 0:17:11.959
<v Speaker 2>weeks of the largest nationwide demonstrations in Iran since the

0:17:12.000 --> 0:17:16.560
<v Speaker 2>Islamic Revolution, what has changed and why? It has nothing

0:17:16.600 --> 0:17:21.680
<v Speaker 2>to do with negotiating tables and lots to do with battlespace. First,

0:17:22.000 --> 0:17:25.520
<v Speaker 2>let's note that this month's huge anti regime demonstrations in

0:17:25.560 --> 0:17:30.080
<v Speaker 2>more than one hundred Iranian cities were not ignited by

0:17:30.320 --> 0:17:33.879
<v Speaker 2>a single big domestic event like a blatantly stolen election

0:17:34.040 --> 0:17:36.880
<v Speaker 2>or the murder of an innocent young woman. The Iranian

0:17:36.960 --> 0:17:40.280
<v Speaker 2>real has been crashing, passed a million to the dollar.

0:17:40.920 --> 0:17:45.000
<v Speaker 2>Let me say that again, one pasted one million to

0:17:45.040 --> 0:17:49.400
<v Speaker 2>a dollar. That's their exchange rate for weeks, and inflation

0:17:49.640 --> 0:17:54.040
<v Speaker 2>reached the point where the Tehran Bazaar was losing money

0:17:54.119 --> 0:17:59.280
<v Speaker 2>on every transaction, so it closed everything else.

0:18:00.000 --> 0:18:03.160
<v Speaker 1>Every transaction. Just imagine having a story and everything you're

0:18:03.200 --> 0:18:05.520
<v Speaker 1>selling you're losing money on how would you stay in business.

0:18:05.560 --> 0:18:06.520
<v Speaker 1>That's why they closed down.

0:18:06.560 --> 0:18:10.800
<v Speaker 2>It's incredible because hyperinflation. If the value of the rial

0:18:10.960 --> 0:18:14.639
<v Speaker 2>falls day after day after day, you sell something for

0:18:14.720 --> 0:18:17.040
<v Speaker 2>five million real and then the next day that five

0:18:17.040 --> 0:18:18.920
<v Speaker 2>million real is worth a fraction of what it was

0:18:18.960 --> 0:18:22.640
<v Speaker 2>worth the day before. That's why they closed. Something else

0:18:22.760 --> 0:18:25.639
<v Speaker 2>drove the following events such as the South Pars energy

0:18:25.680 --> 0:18:30.959
<v Speaker 2>strike and reported military affections. The battle space started shaping

0:18:31.040 --> 0:18:34.320
<v Speaker 2>up six years ago this month under Trump, with the

0:18:34.440 --> 0:18:38.320
<v Speaker 2>US killing of the Islamic Revolutionary Guard Corps kud's forced

0:18:38.320 --> 0:18:42.679
<v Speaker 2>commander Kassam Salamani, the second most powerful man in Iran,

0:18:43.440 --> 0:18:47.080
<v Speaker 2>by US drones at Baghdad Airport. He had just arrived

0:18:47.080 --> 0:18:50.800
<v Speaker 2>from Damascus, where he was briefing former Syrian president Bashar

0:18:50.880 --> 0:18:54.919
<v Speaker 2>al Assad on a plan to attack the US embassy

0:18:55.000 --> 0:18:58.080
<v Speaker 2>in Baghdad as it had been done in Tehran in

0:18:58.200 --> 0:19:05.560
<v Speaker 2>nineteen seventy nine. Iran's Iraqi katspaw Abu Madi al Mahandis

0:19:05.680 --> 0:19:10.040
<v Speaker 2>and ten senior Iranian briefers and bodyguards were also killed

0:19:10.040 --> 0:19:15.720
<v Speaker 2>in the strike. After twenty years a Bush, Obama and

0:19:15.840 --> 0:19:23.200
<v Speaker 2>Biden kid gloves, Tehran was legitimately frightened, and then after

0:19:23.240 --> 0:19:27.120
<v Speaker 2>the Tehran directed atrocity against Israel in October twenty twenty three,

0:19:28.040 --> 0:19:35.600
<v Speaker 2>Israel killed Yaha Sinwar, mohammadif Hasrand, Nosrala, Ibrahima kil Hashim

0:19:36.880 --> 0:19:43.679
<v Speaker 2>Safedin and Ismail Haniya, added IRGC safehouse in Tehran and

0:19:43.720 --> 0:19:48.320
<v Speaker 2>almost one hundred more in Lebanon and Gaza. Deprived of

0:19:48.359 --> 0:19:54.159
<v Speaker 2>its decapitated Hezbela Pratorian guard, the Syrian bath Party didn't

0:19:54.160 --> 0:19:59.520
<v Speaker 2>trust its own people any more than the Bolavarian Maduro

0:20:00.200 --> 0:20:05.520
<v Speaker 2>trusted Venezuelans more than Cubans. The criminal Assad family fled

0:20:05.560 --> 0:20:10.160
<v Speaker 2>to Moscow. Then last summer, the Israelian US air forces

0:20:10.200 --> 0:20:13.520
<v Speaker 2>wiped out much of the Iranian military's general staff and

0:20:13.600 --> 0:20:19.159
<v Speaker 2>key nuclear sites. The pro Tehran, Moscow and Beijing dominoes

0:20:19.200 --> 0:20:23.040
<v Speaker 2>continue to fall. With the capture of Nicholas Maduro, the

0:20:23.080 --> 0:20:27.120
<v Speaker 2>massacre of his Cuban protection detail, the seizure of Russian

0:20:27.160 --> 0:20:30.840
<v Speaker 2>ghost ships, and the spread of Starlik terminals in Iran,

0:20:32.119 --> 0:20:35.359
<v Speaker 2>Iranians have seen the regime and its backers exposed and

0:20:35.480 --> 0:20:39.480
<v Speaker 2>humiliated by an American administration, and they were quick to

0:20:39.560 --> 0:20:45.120
<v Speaker 2>exploit this roll of the dice. Unlike Prohamas nihilists from

0:20:45.160 --> 0:20:49.760
<v Speaker 2>Berkeley to Dublin. They have hit their streets in millions

0:20:50.240 --> 0:20:57.720
<v Speaker 2>without a single kefia or aluja Akbar, motivated by American

0:20:57.880 --> 0:21:03.800
<v Speaker 2>successes against their regime and its effeckless backers. At the

0:21:03.840 --> 0:21:07.160
<v Speaker 2>time of writing, the regime has turned off the Internet

0:21:07.359 --> 0:21:11.919
<v Speaker 2>and all landlines, and Kameni has engaged emerged from a

0:21:11.960 --> 0:21:16.120
<v Speaker 2>two day silence to express defiance. This is no surprise

0:21:16.200 --> 0:21:20.359
<v Speaker 2>to anyone who knows that Kameni's greatest fear is moderation

0:21:21.160 --> 0:21:25.200
<v Speaker 2>that causes the regime to bend and then break, as

0:21:25.280 --> 0:21:29.679
<v Speaker 2>expressed in Alex Vatanka's The Battle of the Iyatolas in Iran,

0:21:30.600 --> 0:21:36.160
<v Speaker 2>Kameni became obsessed with the prospect of an Iranian Gorbachev

0:21:36.960 --> 0:21:41.440
<v Speaker 2>who would impose reforms and usher in a USSR style collapse.

0:21:42.400 --> 0:21:45.440
<v Speaker 2>The more so because this was addressed by Tom Friedman,

0:21:45.480 --> 0:21:48.960
<v Speaker 2>a Jewish American journalist, in a nineteen ninety six column

0:21:49.440 --> 0:21:56.439
<v Speaker 2>titled Waiting for Iyatola Gorbachev after he visited Iran that

0:21:56.600 --> 0:22:01.840
<v Speaker 2>pressed all of the leader's buttons, his defiance to continue

0:22:02.400 --> 0:22:06.160
<v Speaker 2>as long as he is alive or in power, which

0:22:06.200 --> 0:22:09.560
<v Speaker 2>may not be long, and listen to this because he

0:22:09.640 --> 0:22:13.840
<v Speaker 2>faces two threats. The one in front of him is

0:22:13.880 --> 0:22:17.160
<v Speaker 2>the unpredictable Donald Trump, who has already shed Iranian blood

0:22:17.480 --> 0:22:21.399
<v Speaker 2>and has promised to rescue the Iranian people. The one

0:22:21.440 --> 0:22:26.760
<v Speaker 2>behind him is the IRGC, which holds all the firepower

0:22:26.760 --> 0:22:30.960
<v Speaker 2>in Iran, and which knows, as Mohammed am Dinijad do,

0:22:31.760 --> 0:22:36.800
<v Speaker 2>that the Mallahs are despised by nearly the entire population.

0:22:37.880 --> 0:22:40.160
<v Speaker 2>They are unlikely to lay down their guns or give

0:22:40.240 --> 0:22:43.400
<v Speaker 2>up the forty percent of the Iranian economy they control.

0:22:43.640 --> 0:22:48.639
<v Speaker 2>They are led by Ahmed Vahiti and internationally sanctioned terrorists.

0:22:49.359 --> 0:22:54.800
<v Speaker 2>Quote terrorists are acts was a wise saying of one

0:22:54.800 --> 0:22:58.119
<v Speaker 2>of my counter terrorist colleagues at the CIA. She didn't

0:22:58.160 --> 0:23:01.639
<v Speaker 2>just mean that terror plots ruined our weekends and sleep schedules.

0:23:02.119 --> 0:23:06.760
<v Speaker 2>She meant that terrorists are psychopathic, disloyal, and venal creatures

0:23:07.320 --> 0:23:10.159
<v Speaker 2>who could and did mistreated each other and turn against

0:23:10.240 --> 0:23:14.640
<v Speaker 2>each other. The top ranks of the IRGC are full

0:23:14.680 --> 0:23:17.920
<v Speaker 2>of them, and this is the final point what might

0:23:18.080 --> 0:23:22.280
<v Speaker 2>lead the IRGC to sideline or overthrow Kameeni and his

0:23:22.440 --> 0:23:30.080
<v Speaker 2>weak president Masud Pezeshkian. Two kinds of strike, an anti

0:23:30.160 --> 0:23:34.080
<v Speaker 2>regime blow from the United States or the labor variety

0:23:34.119 --> 0:23:40.399
<v Speaker 2>that would shut down Iranians Iran's energy sector if both occur,

0:23:41.280 --> 0:23:46.679
<v Speaker 2>my money is on a coup and goodbye Mullahs. And

0:23:46.760 --> 0:23:49.879
<v Speaker 2>this is from Peter Thurreau, spent twenty years in the

0:23:49.960 --> 0:23:52.920
<v Speaker 2>US government and the CIA. I got to say, look,

0:23:52.960 --> 0:23:56.440
<v Speaker 2>I appreciated that that article because it provides a level

0:23:56.440 --> 0:24:02.240
<v Speaker 2>of context and detail, drawing a real difference between what

0:24:02.480 --> 0:24:05.800
<v Speaker 2>happens when you have a weak pro Islamist president like

0:24:05.840 --> 0:24:08.040
<v Speaker 2>Barack Obama or for that matter, Joe Biden in the

0:24:08.040 --> 0:24:12.320
<v Speaker 2>White House versus a strong pro America president like Donald Trump,

0:24:12.680 --> 0:24:15.840
<v Speaker 2>and I think the terrain is totally different, which is why,

0:24:15.880 --> 0:24:19.560
<v Speaker 2>by the way, Trump is saying to the protesters, keep

0:24:19.600 --> 0:24:21.919
<v Speaker 2>a list of the names of any soldiers who are

0:24:21.960 --> 0:24:25.719
<v Speaker 2>committing atrocities, because there is going to be accountability. That

0:24:25.840 --> 0:24:28.680
<v Speaker 2>carrot and stick is really powerful for deterring that kind

0:24:28.720 --> 0:24:29.600
<v Speaker 2>of horrific action.

0:24:30.440 --> 0:24:32.800
<v Speaker 1>You know, there's part of this article, and I think

0:24:32.840 --> 0:24:36.000
<v Speaker 1>we should talk about this for a moment, because there

0:24:36.119 --> 0:24:37.879
<v Speaker 1>is I had at dinner the other night with some

0:24:38.200 --> 0:24:40.760
<v Speaker 1>oil executives and they were frustrated a little bit because

0:24:40.760 --> 0:24:43.639
<v Speaker 1>the price of oil has come down, and one of

0:24:43.640 --> 0:24:46.160
<v Speaker 1>the people at the table was also White House, and

0:24:46.200 --> 0:24:50.080
<v Speaker 1>they said, what you don't understand is that our energy

0:24:50.119 --> 0:24:54.040
<v Speaker 1>inpendent's policy is also a national security policy because when

0:24:54.080 --> 0:24:56.920
<v Speaker 1>you take away the money that is to the leadership

0:24:56.960 --> 0:25:01.639
<v Speaker 1>in Iran, to Vladimir Putin in Russia. Venezuela is another

0:25:01.720 --> 0:25:06.040
<v Speaker 1>example of this, right, then what the money that they

0:25:06.080 --> 0:25:09.040
<v Speaker 1>need to survive and to hold on to power and

0:25:09.119 --> 0:25:11.840
<v Speaker 1>to pay their forces to keep them in power and

0:25:11.920 --> 0:25:16.720
<v Speaker 1>to go after their citizens just completely disappears. That is

0:25:16.880 --> 0:25:18.639
<v Speaker 1>part of I think what Donald Trump, and it was

0:25:18.720 --> 0:25:20.560
<v Speaker 1>very interesting to hear this kind of back and forth.

0:25:20.560 --> 0:25:22.960
<v Speaker 1>There's like, hey, I'm sorry that the price of per

0:25:22.960 --> 0:25:25.040
<v Speaker 1>barrel is not where you want it, but it's helping

0:25:25.080 --> 0:25:28.439
<v Speaker 1>American families a lower gas prices, and it's a national

0:25:28.480 --> 0:25:31.439
<v Speaker 1>security thing for us as well. And it's allowing some

0:25:31.480 --> 0:25:34.080
<v Speaker 1>of these horrible people in the world to start tetering

0:25:34.119 --> 0:25:36.120
<v Speaker 1>a little bit because they don't have the cash flow

0:25:36.200 --> 0:25:39.760
<v Speaker 1>they had two three four years ago under democratic leadership.

0:25:40.920 --> 0:25:43.600
<v Speaker 2>I think that's right. There's also a balance that President

0:25:43.640 --> 0:25:46.359
<v Speaker 2>Trump and the Trump administration are trying to strike, which

0:25:46.440 --> 0:25:49.600
<v Speaker 2>is we've seen the price of oil drop dramatically from

0:25:49.640 --> 0:25:52.719
<v Speaker 2>one hundred bucks a barrel to down just around sixty

0:25:52.720 --> 0:25:56.320
<v Speaker 2>bucks of barrel, a little bit lower. That has weakened

0:25:56.359 --> 0:25:58.880
<v Speaker 2>almost every bad guy in the world. That is weak

0:25:58.960 --> 0:26:01.200
<v Speaker 2>in Russia, that is week in Deran, that is weak

0:26:01.200 --> 0:26:05.800
<v Speaker 2>in Venezuela, and Maduro because it is I guess God

0:26:05.840 --> 0:26:07.679
<v Speaker 2>has a sense of humor in that that many of

0:26:07.680 --> 0:26:12.080
<v Speaker 2>the worst players on planet Earth depend upon oil revenues.

0:26:12.080 --> 0:26:15.119
<v Speaker 2>There are in many ways Petro tyrants. Now Duro's not

0:26:15.280 --> 0:26:18.960
<v Speaker 2>Maduro is innate number two, five seven.

0:26:18.760 --> 0:26:21.840
<v Speaker 1>Whatever, But he used sticking out with p Diddy.

0:26:23.240 --> 0:26:26.760
<v Speaker 2>But I'll say this, Look, there is a balance because

0:26:27.000 --> 0:26:30.800
<v Speaker 2>from a US national security interest, Look, oil and gas

0:26:30.840 --> 0:26:34.560
<v Speaker 2>and energy are powerful weapons against our enemies and to

0:26:34.680 --> 0:26:38.520
<v Speaker 2>buttress America. But you don't want to slash the price

0:26:38.560 --> 0:26:43.159
<v Speaker 2>of oil so dramatically that you devastate US producers. And

0:26:43.440 --> 0:26:45.800
<v Speaker 2>as you know, I talked to I represent Texas, I

0:26:45.840 --> 0:26:48.960
<v Speaker 2>talk to a lot of US producers, and I will say,

0:26:49.359 --> 0:26:53.520
<v Speaker 2>at down around sixty seventy dollars a barrel, you see

0:26:53.560 --> 0:26:56.040
<v Speaker 2>what we've got now, which is gas prices at about

0:26:56.040 --> 0:26:58.080
<v Speaker 2>two three bucks a gallon, depending on what part of

0:26:58.080 --> 0:27:00.400
<v Speaker 2>the country you're in. Now, if you're in California, there's

0:27:00.440 --> 0:27:01.840
<v Speaker 2>still four five bucks a gallon.

0:27:01.880 --> 0:27:03.760
<v Speaker 1>But that's that's on you for a living in California

0:27:03.800 --> 0:27:04.760
<v Speaker 1>voting for those nut jobs.

0:27:04.760 --> 0:27:07.200
<v Speaker 2>But again that's Davenew some of the Democrats fault. But

0:27:07.520 --> 0:27:09.760
<v Speaker 2>here here in Texas, you fill up your tank, it's

0:27:09.840 --> 0:27:11.800
<v Speaker 2>you know, somewhere between two and three bucks typically is

0:27:11.840 --> 0:27:15.479
<v Speaker 2>what you're paying right now. I think that's a sweet

0:27:15.520 --> 0:27:18.560
<v Speaker 2>spot is sixty to seventy dollars. Where it get lowers

0:27:18.880 --> 0:27:21.040
<v Speaker 2>under Biden, when we had one hundred dollars oil, you

0:27:21.040 --> 0:27:24.879
<v Speaker 2>were seeing four five, six seven dollars a gallon a gasoline.

0:27:24.920 --> 0:27:26.240
<v Speaker 2>That really hurts consumers.

0:27:26.640 --> 0:27:29.240
<v Speaker 1>Yeah, I say, crushing middle and lower class families even

0:27:29.280 --> 0:27:30.080
<v Speaker 1>more than anybody else.

0:27:30.880 --> 0:27:34.000
<v Speaker 2>I will say this, if you see oil prices plummet,

0:27:34.080 --> 0:27:36.960
<v Speaker 2>so let's say they drop from the sixties down to

0:27:37.040 --> 0:27:38.280
<v Speaker 2>say the forties.

0:27:37.880 --> 0:27:40.080
<v Speaker 1>Are below, it hurts that lot of people.

0:27:40.400 --> 0:27:43.520
<v Speaker 2>That's when it starts doing real damage, in particular to

0:27:43.600 --> 0:27:49.000
<v Speaker 2>the independent producers, the small guys in West Texas and

0:27:49.040 --> 0:27:52.560
<v Speaker 2>the Permian. That's when you see drilling basically stop. And

0:27:52.600 --> 0:27:54.879
<v Speaker 2>by the way, the majors will be fine. The x

0:27:54.960 --> 0:27:58.320
<v Speaker 2>on mobiles, the Chevrons, I mean, look, those are companies

0:27:58.359 --> 0:28:02.280
<v Speaker 2>that literally have more revenue assets than most countries on

0:28:02.359 --> 0:28:06.320
<v Speaker 2>planet Earth. They're that massive, So the majors will survive

0:28:06.440 --> 0:28:10.359
<v Speaker 2>a drop. But what happens if we see forty dollars oil,

0:28:10.960 --> 0:28:15.600
<v Speaker 2>You'll see bankruptcy bankruptcies throughout the Permian basin of the

0:28:15.640 --> 0:28:18.920
<v Speaker 2>small producers. And when those guys go away, those are

0:28:18.920 --> 0:28:23.280
<v Speaker 2>the guys driving production. And what it does is it

0:28:23.359 --> 0:28:27.200
<v Speaker 2>weakens America's ability to produce oil and makes us more

0:28:27.240 --> 0:28:30.760
<v Speaker 2>dependent on foreign adversary. So I think what President Trump

0:28:30.800 --> 0:28:32.760
<v Speaker 2>of the administration is trying to do is stay in

0:28:32.800 --> 0:28:35.600
<v Speaker 2>a sweet spot where oil is low enough that our

0:28:35.680 --> 0:28:39.680
<v Speaker 2>enemies are weakened, but not so low that we're devastating

0:28:39.800 --> 0:28:42.200
<v Speaker 2>us small businesses. And I think they're doing a pretty

0:28:42.240 --> 0:28:45.840
<v Speaker 2>good job of trying to balance those two factors well.

0:28:45.880 --> 0:28:48.160
<v Speaker 1>And I was talking to some small refineries and that

0:28:48.280 --> 0:28:52.200
<v Speaker 1>was exactly their concern center was, Hey, these small refineries

0:28:52.200 --> 0:28:54.720
<v Speaker 1>that keep these small towns going, that employ a lot

0:28:54.720 --> 0:28:57.120
<v Speaker 1>of people. They want to make sure that they're okay

0:28:57.160 --> 0:28:59.800
<v Speaker 1>as well. And like you said, that's where this administration

0:28:59.840 --> 0:29:02.480
<v Speaker 1>came and asked away both ends of this, because you

0:29:02.560 --> 0:29:04.440
<v Speaker 1>don't want to hurt mom and pops. You don't want

0:29:04.480 --> 0:29:05.920
<v Speaker 1>to hurt the small ones like you said, the big

0:29:05.960 --> 0:29:10.160
<v Speaker 1>ones will be okay, but these small refineries that literally

0:29:10.200 --> 0:29:13.120
<v Speaker 1>power these small towns where they are, you don't want

0:29:13.160 --> 0:29:14.040
<v Speaker 1>them to get hurt either.

0:29:14.800 --> 0:29:17.280
<v Speaker 2>Yeah. And look, in the last several weeks, with everything

0:29:17.320 --> 0:29:20.160
<v Speaker 2>happening in Iran, everything happening in Venezuela, I've been reaching

0:29:20.160 --> 0:29:23.400
<v Speaker 2>out to energy leaders, primarily in Texas. So I've had

0:29:23.440 --> 0:29:27.720
<v Speaker 2>conversations with the CEO of Chevron and the CEO of Valero,

0:29:27.840 --> 0:29:30.440
<v Speaker 2>the biggest refiner in America, and I've had conversations with

0:29:30.480 --> 0:29:33.680
<v Speaker 2>a number of smaller e E and P expiration and

0:29:33.720 --> 0:29:42.000
<v Speaker 2>production independence in West Texas, and they've expressed optimism. Number

0:29:42.000 --> 0:29:45.680
<v Speaker 2>one in terms of Venezuela. Venezuela, as we've talked about,

0:29:45.720 --> 0:29:48.760
<v Speaker 2>has the highest proven reserves of oil in the world.

0:29:48.800 --> 0:29:54.160
<v Speaker 2>No country has more. But the Venezuelan infrastructure is completely collapsed.

0:29:54.200 --> 0:29:58.240
<v Speaker 2>Communism is not capable of producing what they should and

0:29:58.720 --> 0:30:02.120
<v Speaker 2>so Venezuela right now is producing about a million barrels

0:30:02.120 --> 0:30:04.440
<v Speaker 2>a day, which is a fraction of what their capacity is.

0:30:05.360 --> 0:30:08.480
<v Speaker 2>I will say I I asked one of the major CEOs,

0:30:08.520 --> 0:30:11.880
<v Speaker 2>I said, okay, what would the time frame be to

0:30:11.920 --> 0:30:15.600
<v Speaker 2>take Venezuela from one million barrels a day to three

0:30:15.600 --> 0:30:20.680
<v Speaker 2>million barrels a day. And the response was ten years.

0:30:19.880 --> 0:30:24.479
<v Speaker 2>That it doesn't happen over like, it would take tens

0:30:24.520 --> 0:30:27.360
<v Speaker 2>of billions of dollars of investment, and perhaps north of

0:30:27.360 --> 0:30:30.680
<v Speaker 2>one hundred billion dollars. Now you would recoup that, but

0:30:30.840 --> 0:30:33.680
<v Speaker 2>the infrastructure has so degraded. And I said, all right,

0:30:34.320 --> 0:30:36.480
<v Speaker 2>so ten years to go from one million a day

0:30:36.520 --> 0:30:38.360
<v Speaker 2>to three million a day, how about just from one

0:30:38.400 --> 0:30:42.120
<v Speaker 2>to two And the answer was five to seven years.

0:30:42.120 --> 0:30:45.640
<v Speaker 2>So the first millions, it's.

0:30:45.560 --> 0:30:48.280
<v Speaker 1>An infrastrucstruct it's just straight up infrastructure.

0:30:48.040 --> 0:30:50.240
<v Speaker 2>Right, and you could keep going up from there. I

0:30:50.280 --> 0:30:56.560
<v Speaker 2>also am talking to refiners. So so Venezuela produces what

0:30:56.720 --> 0:31:00.600
<v Speaker 2>is called heavy sour crude, which is a different sort

0:31:00.680 --> 0:31:03.320
<v Speaker 2>of crude than in West Texas, they produce what's called

0:31:03.400 --> 0:31:07.120
<v Speaker 2>light sweet crude. You refine them very very differently. Now,

0:31:07.120 --> 0:31:10.600
<v Speaker 2>it so happens that the refineries that were built to

0:31:10.680 --> 0:31:13.880
<v Speaker 2>handle heavy sour crude are along the Gulf coast. They're

0:31:13.880 --> 0:31:17.120
<v Speaker 2>in Texas and Louisiana, and so we've got the capacity.

0:31:17.160 --> 0:31:20.800
<v Speaker 2>I've been told that the Gulf coast refineries could almost

0:31:20.880 --> 0:31:25.360
<v Speaker 2>overnight refine an additional two hundred and fifty thousand barrels

0:31:25.400 --> 0:31:29.239
<v Speaker 2>of the heavy crude from Venezuela. Now, interestingly enough, when

0:31:29.240 --> 0:31:31.520
<v Speaker 2>I've asked the refiners, okay, what would the trade off be,

0:31:31.600 --> 0:31:34.360
<v Speaker 2>what would the impact be? Say for West Texas producers,

0:31:35.040 --> 0:31:37.760
<v Speaker 2>the refiners at least were not that concerned about it,

0:31:37.760 --> 0:31:41.240
<v Speaker 2>and they said, look, the other producers of heavy crude

0:31:41.880 --> 0:31:45.440
<v Speaker 2>are Canada and so the Tarsans in Alberta. And I said,

0:31:45.440 --> 0:31:49.960
<v Speaker 2>look more Venezuelan crude would impact Canada and actually Mexico.

0:31:50.160 --> 0:31:55.520
<v Speaker 2>Mexico also produces similar crude to what Venezuela and Canada produce.

0:31:55.600 --> 0:31:59.040
<v Speaker 2>And so that in terms of the impact, those are

0:31:59.040 --> 0:32:02.240
<v Speaker 2>the trade offs. Those that's the kind of decision making

0:32:02.480 --> 0:32:04.680
<v Speaker 2>the Trump administration is engaged in right now.

0:32:05.240 --> 0:32:07.960
<v Speaker 1>It's a new year, twenty twenty six. You've probably heard

0:32:08.000 --> 0:32:11.520
<v Speaker 1>the name bitcoin and cryptocurrency. So the question so many

0:32:11.560 --> 0:32:14.840
<v Speaker 1>people have is is it safe? And is it something

0:32:14.880 --> 0:32:17.520
<v Speaker 1>that I should be invested in. It's a question I

0:32:17.560 --> 0:32:19.920
<v Speaker 1>want to get answered for you today in joining me

0:32:19.920 --> 0:32:21.720
<v Speaker 1>now to talk about that. As a co founder of

0:32:21.720 --> 0:32:25.840
<v Speaker 1>Bitcoin Ira Chris Klin, Chris, I appreciate you being here,

0:32:26.280 --> 0:32:28.560
<v Speaker 1>and it is pretty cool to see what's happened in

0:32:28.600 --> 0:32:31.800
<v Speaker 1>the crypto space. It has become normal. It now can

0:32:31.840 --> 0:32:34.560
<v Speaker 1>be a part of your IRA. The federal government has

0:32:34.680 --> 0:32:38.640
<v Speaker 1>changed the rules. They're accepting cryptocurrency like it's a stock.

0:32:38.960 --> 0:32:42.520
<v Speaker 3>Yes, absolutely, and it's really driven itself into a mainstream space.

0:32:42.600 --> 0:32:45.200
<v Speaker 3>I remember a decade ago when we first started bitcoin

0:32:45.240 --> 0:32:48.360
<v Speaker 3>IRA and everybody was like, are you crazy kid, You're

0:32:48.400 --> 0:32:51.680
<v Speaker 3>putting bitcoin in retirement accounts? Is this even possible? And

0:32:51.720 --> 0:32:54.240
<v Speaker 3>you fast forward to where we're at today, where countries

0:32:54.280 --> 0:32:58.200
<v Speaker 3>are building stockpiles, corporations are building stockpiles. Strategy, for example,

0:32:58.240 --> 0:33:00.880
<v Speaker 3>is pretty much its entire business models on this. It's

0:33:00.920 --> 0:33:04.400
<v Speaker 3>a piece of diversification that every major player in the

0:33:04.440 --> 0:33:06.880
<v Speaker 3>space and economics is looking at, and so should too,

0:33:07.000 --> 0:33:09.479
<v Speaker 3>the individual sovereignty of the average American looking to put

0:33:09.520 --> 0:33:10.520
<v Speaker 3>it inside of their retirement.

0:33:10.840 --> 0:33:12.880
<v Speaker 1>You guys actually have a really cool stat that you

0:33:12.920 --> 0:33:15.560
<v Speaker 1>told me about at dinner, and that is that your

0:33:15.680 --> 0:33:20.040
<v Speaker 1>clients seventy five percent were born before nineteen seventy six.

0:33:20.160 --> 0:33:22.440
<v Speaker 1>So the idea that you may be missed out on

0:33:22.480 --> 0:33:24.400
<v Speaker 1>this or if you're a little older, it's a young

0:33:24.440 --> 0:33:27.680
<v Speaker 1>man's game and crypto that is also just not true.

0:33:27.840 --> 0:33:29.520
<v Speaker 3>That's definitely one of the myths I wanted to come

0:33:29.520 --> 0:33:32.280
<v Speaker 3>to bunk with you in your audience, isn't this isn't

0:33:32.280 --> 0:33:36.120
<v Speaker 3>our grandfather's economy and grandfathers are buying bitcoin and putting

0:33:36.160 --> 0:33:38.600
<v Speaker 3>it inside of their retirement for long term holdings, especially

0:33:38.680 --> 0:33:40.560
<v Speaker 3>now that they're thinking about inheritance and handing some of

0:33:40.600 --> 0:33:43.120
<v Speaker 3>these things down. But yeah, that was actually shocking to me.

0:33:43.200 --> 0:33:46.480
<v Speaker 3>We've discovered that in twenty eighteen that seventy five percent

0:33:46.520 --> 0:33:50.120
<v Speaker 3>of them were older than my parents' generation. And what

0:33:50.160 --> 0:33:52.560
<v Speaker 3>we found from surveying all of them was this is

0:33:52.600 --> 0:33:54.640
<v Speaker 3>something that they think is new age and that I

0:33:54.640 --> 0:33:57.880
<v Speaker 3>think almost every American, especially older ones, has a genuine

0:33:57.960 --> 0:34:00.520
<v Speaker 3>concern of watching what's happened to the US over the

0:34:00.600 --> 0:34:03.080
<v Speaker 3>last four or five decades. And there's always been gold

0:34:03.080 --> 0:34:06.240
<v Speaker 3>and silver's a potential hedge, land, real estate, these scarce

0:34:06.280 --> 0:34:09.240
<v Speaker 3>assets and bitcoin. While it may seem oh, that's digital

0:34:09.280 --> 0:34:12.400
<v Speaker 3>and it's different, it's scarce. There's only twenty one million

0:34:12.480 --> 0:34:14.880
<v Speaker 3>assets of bitcoin that will ever be mined. Nineteen and

0:34:14.880 --> 0:34:17.759
<v Speaker 3>a half million have been mined so far, and you

0:34:17.800 --> 0:34:19.719
<v Speaker 3>and I actually won't live our kids will probably live

0:34:19.760 --> 0:34:21.840
<v Speaker 3>to see the last one get mined. This is something

0:34:21.840 --> 0:34:23.319
<v Speaker 3>you know, we're in a world of abundance since I

0:34:23.360 --> 0:34:25.200
<v Speaker 3>was born in nineteen eighty five. It's abundance. We just

0:34:25.200 --> 0:34:27.520
<v Speaker 3>printed and printed and printed more. This is a moment

0:34:27.600 --> 0:34:29.080
<v Speaker 3>in time where we may be able to revert back

0:34:29.080 --> 0:34:31.440
<v Speaker 3>to scarcity, and there'll be a day we're just saying

0:34:31.480 --> 0:34:33.520
<v Speaker 3>I have one Bitcoin will be life changing.

0:34:33.600 --> 0:34:35.440
<v Speaker 1>Chris. I hope a lot of people that are watching this,

0:34:35.760 --> 0:34:37.880
<v Speaker 1>you guys, will go and find out more. It is

0:34:37.960 --> 0:34:40.920
<v Speaker 1>amazing what you can do in your retirement account now,

0:34:41.320 --> 0:34:45.520
<v Speaker 1>just like your other investments with bitcoin cryptocurrency. Find out

0:34:45.560 --> 0:34:49.680
<v Speaker 1>more right now at bitcoinira dot com, slash ben that's

0:34:49.960 --> 0:34:55.000
<v Speaker 1>bitcoin ira dot com, slash ben and see what cryptocurrency

0:34:55.040 --> 0:34:57.840
<v Speaker 1>can do for your portfolio. I want to ask you

0:34:57.880 --> 0:35:00.920
<v Speaker 1>one final question before we wrap here. We talked a

0:35:00.960 --> 0:35:02.840
<v Speaker 1>lot about Venezuela in the last couple of shows. We

0:35:02.920 --> 0:35:06.399
<v Speaker 1>kind of know the state of play there. We talked

0:35:06.400 --> 0:35:08.919
<v Speaker 1>a lot about it Ran today. Can you give us

0:35:09.000 --> 0:35:12.280
<v Speaker 1>for everyone listening just a quick update on what's happening

0:35:12.320 --> 0:35:16.160
<v Speaker 1>in Cuba. We've mentioned it several times of how things

0:35:16.160 --> 0:35:18.400
<v Speaker 1>could be teetering there. Give a little bit of an

0:35:18.440 --> 0:35:21.000
<v Speaker 1>update for people that so they understand what's happening on

0:35:21.040 --> 0:35:22.480
<v Speaker 1>the ground there as we wrap things up.

0:35:22.960 --> 0:35:26.040
<v Speaker 2>So, look, the Cuban regime has been a communist dictatorship

0:35:26.080 --> 0:35:29.799
<v Speaker 2>since nineteen fifty nine. As you know, that for me

0:35:29.920 --> 0:35:33.360
<v Speaker 2>is not some abstract statement because my family was directly

0:35:33.400 --> 0:35:35.319
<v Speaker 2>involved in him. My dad was a kid. He was

0:35:35.400 --> 0:35:39.440
<v Speaker 2>fourteen when he began fighting in the Cuban Revolution. And

0:35:40.360 --> 0:35:42.800
<v Speaker 2>to this day, my dad turns eighty seven in March,

0:35:43.239 --> 0:35:46.960
<v Speaker 2>and he told me, he said, look the revolution. He said,

0:35:47.000 --> 0:35:50.359
<v Speaker 2>it was fourteen and fifteen year old boys who he said,

0:35:50.360 --> 0:35:53.960
<v Speaker 2>we're too stupid to know any better. And as you know,

0:35:54.040 --> 0:35:56.239
<v Speaker 2>you know my dad. Well, but when I want to

0:35:56.280 --> 0:35:59.840
<v Speaker 2>give my father grief, I'll call my dad a communist gorilla.

0:36:01.480 --> 0:36:02.879
<v Speaker 2>He gets very mad.

0:36:03.200 --> 0:36:05.239
<v Speaker 1>I have him feeling that. So during game night, when

0:36:05.280 --> 0:36:07.239
<v Speaker 1>you guys are playing games, I just I feel like

0:36:07.280 --> 0:36:08.960
<v Speaker 1>that's one of that's gonna get used the most.

0:36:09.200 --> 0:36:11.640
<v Speaker 2>Yeah, and he will say I was not a communist.

0:36:11.760 --> 0:36:14.839
<v Speaker 2>I was never a communist. He was a kid and

0:36:14.880 --> 0:36:18.799
<v Speaker 2>they were fighting against Batista, who was a dictator. He

0:36:18.920 --> 0:36:24.000
<v Speaker 2>was corrupt, and Batista's thugs through my father in prison

0:36:24.040 --> 0:36:26.239
<v Speaker 2>and they tortured him. And so when my dad came

0:36:26.280 --> 0:36:28.520
<v Speaker 2>to America, he was fleeing Batista, and he came to

0:36:28.560 --> 0:36:32.040
<v Speaker 2>Texas at eighteen with nothing, and he couldn't speak English.

0:36:32.080 --> 0:36:36.960
<v Speaker 2>He came seeking freedom. His younger sister is my Theosnia,

0:36:37.000 --> 0:36:39.400
<v Speaker 2>and might theos Sonia. I adore my theos Sonia. I

0:36:39.440 --> 0:36:42.640
<v Speaker 2>call her my Theoloka. She's my crazy aunt. She is

0:36:42.680 --> 0:36:47.320
<v Speaker 2>a fireball. She was there in fifty nine when Castro

0:36:47.440 --> 0:36:51.760
<v Speaker 2>took over, and the young people, the Cubans didn't realize

0:36:51.800 --> 0:36:54.160
<v Speaker 2>Castro was a communist. They just thought it was a

0:36:54.200 --> 0:36:57.760
<v Speaker 2>people's revolution against Batista. He took over and he clared

0:36:57.800 --> 0:37:01.680
<v Speaker 2>he was a communist. He began firing squads, he began

0:37:01.760 --> 0:37:05.240
<v Speaker 2>executing anyone who disagreed with him against seizing people's lands.

0:37:05.680 --> 0:37:10.479
<v Speaker 2>And and my Theosagnia fought in the counter revolution. Was

0:37:09.640 --> 0:37:12.360
<v Speaker 2>that there was a whole counter revolution of the people

0:37:12.360 --> 0:37:14.719
<v Speaker 2>trying to fight back. And my theoso Onia ended up

0:37:14.760 --> 0:37:19.279
<v Speaker 2>being thrown in prison and tortured by Castro's goons. So

0:37:20.160 --> 0:37:22.879
<v Speaker 2>I take it very personally when it comes to communism,

0:37:22.920 --> 0:37:26.200
<v Speaker 2>it strikes very close to home. If you look at

0:37:26.200 --> 0:37:29.440
<v Speaker 2>the history of Cuba, starting early on from when Castro

0:37:29.520 --> 0:37:33.920
<v Speaker 2>took over and made Cuba a communist dictatorship, for decades,

0:37:34.040 --> 0:37:38.319
<v Speaker 2>Cuba was effectively a satellite state of the Soviet Union,

0:37:38.360 --> 0:37:41.839
<v Speaker 2>remember the whole Cuban Mission missile crisis under JFK, and

0:37:41.920 --> 0:37:45.560
<v Speaker 2>the Soviets provided them a financial lifeline. Look, if you're

0:37:45.600 --> 0:37:50.280
<v Speaker 2>a communist, you destroy the economy. That happens all across

0:37:50.320 --> 0:37:53.120
<v Speaker 2>the world. Communism is a great way to destroy jobs

0:37:53.120 --> 0:37:56.880
<v Speaker 2>and make your people incredibly poor. Cuba went from it

0:37:57.000 --> 0:38:00.000
<v Speaker 2>was the number one sugar producer in all of Latin America,

0:38:00.239 --> 0:38:03.279
<v Speaker 2>and they just destroyed the sugar industry and everything else

0:38:03.320 --> 0:38:07.920
<v Speaker 2>and brought massive poverty to Cuba. They survived because the

0:38:07.960 --> 0:38:10.320
<v Speaker 2>Soviet Union sent them money, and they sent them money

0:38:10.360 --> 0:38:14.160
<v Speaker 2>because the Soviets wanted a military satellite just ninety miles

0:38:14.160 --> 0:38:18.360
<v Speaker 2>off the coast of America. Now, when we won the

0:38:18.400 --> 0:38:22.480
<v Speaker 2>Cold War, when the Soviet Union collapsed, suddenly that financial

0:38:22.520 --> 0:38:27.040
<v Speaker 2>lifeline disappeared. And what happened was Venezuela stepped into the

0:38:27.040 --> 0:38:30.560
<v Speaker 2>breach and you had Huo Chavez and then later Maduro,

0:38:30.760 --> 0:38:35.440
<v Speaker 2>both communist dictators who destroyed the economy in Venezuela, just

0:38:35.480 --> 0:38:39.040
<v Speaker 2>like Castro had in Cuba. Chavez and Maduro did the

0:38:39.040 --> 0:38:43.360
<v Speaker 2>same thing in Venezuela and Venezuela had a corrupt bargain

0:38:43.400 --> 0:38:45.880
<v Speaker 2>where they were sent oil which they had a ton of,

0:38:46.400 --> 0:38:48.560
<v Speaker 2>and they would send money, which they had a lot of,

0:38:48.600 --> 0:38:51.719
<v Speaker 2>in exchange for selling the oil, and what they would

0:38:51.800 --> 0:38:54.840
<v Speaker 2>get back is is enforcers in thugs. There was a

0:38:54.920 --> 0:38:59.440
<v Speaker 2>reason Morduro's entire protection detail were Cuban guards. And you

0:38:59.440 --> 0:39:01.440
<v Speaker 2>know in the article I just ran, it talked about

0:39:01.480 --> 0:39:05.200
<v Speaker 2>how one of the reasons is Maduro didn't trust Venezuelans

0:39:05.239 --> 0:39:06.960
<v Speaker 2>because he was such a terrible leader that he was

0:39:07.000 --> 0:39:09.719
<v Speaker 2>afraid Venezuelans would turn on him, which is why he

0:39:09.840 --> 0:39:16.319
<v Speaker 2>used Cuban enforcers instead. Well, with Venezuela, with Maduro having

0:39:16.360 --> 0:39:19.320
<v Speaker 2>been arrested, no longer in power, Venezuela is no longer

0:39:19.360 --> 0:39:22.360
<v Speaker 2>sending oil and no longer sending money to Cuba, and

0:39:22.440 --> 0:39:25.040
<v Speaker 2>the Cuban economy is in freefall, just like the Iranian

0:39:25.040 --> 0:39:29.120
<v Speaker 2>economy is in freefall. The regime is incredibly precarious. And

0:39:29.160 --> 0:39:31.799
<v Speaker 2>I'll tell you what's keeping it alive right now, which

0:39:31.840 --> 0:39:35.440
<v Speaker 2>is Mexico is still sending oil to Cuba. And my

0:39:35.640 --> 0:39:38.040
<v Speaker 2>hope is the Trump administration is going to lean on

0:39:38.120 --> 0:39:42.279
<v Speaker 2>Mexico to stop that oil going to Cuba. I think

0:39:42.320 --> 0:39:46.880
<v Speaker 2>that may be the single most important piece to nudge

0:39:47.000 --> 0:39:50.320
<v Speaker 2>Cuba beyond the tipping point, much like Iran is, and

0:39:50.840 --> 0:39:55.279
<v Speaker 2>I think the communist dictatorship is terrified that they will

0:39:55.360 --> 0:39:56.240
<v Speaker 2>lose control.

0:39:56.320 --> 0:39:56.560
<v Speaker 1>Now.

0:39:57.400 --> 0:40:02.080
<v Speaker 2>The counterbalance to that is the Cuban regime has a

0:40:02.600 --> 0:40:08.120
<v Speaker 2>massive oppressive machinery that has been in place for decades,

0:40:08.920 --> 0:40:12.680
<v Speaker 2>and that machinery can be really brutal, and so I

0:40:12.719 --> 0:40:18.200
<v Speaker 2>think the vulnerability right now is that when people face

0:40:18.600 --> 0:40:21.959
<v Speaker 2>a collapsing economy, they get angry and they can turn

0:40:22.000 --> 0:40:25.239
<v Speaker 2>on their leaders. And so I think the Trump administration,

0:40:25.280 --> 0:40:28.560
<v Speaker 2>I think President Trump is encouraging that. But it is

0:40:28.600 --> 0:40:31.160
<v Speaker 2>the economic factor, more than anything that I think is

0:40:31.840 --> 0:40:34.640
<v Speaker 2>putting the regime in a massively fragile position.

0:40:35.200 --> 0:40:36.920
<v Speaker 1>It's gonna be very interesting to see what happens in

0:40:36.920 --> 0:40:39.480
<v Speaker 1>the days and weeks ahead on this, because, like you said,

0:40:39.560 --> 0:40:42.080
<v Speaker 1>it's teetering at the moment. How long can you teeter

0:40:42.760 --> 0:40:45.120
<v Speaker 1>before the people also rise up, which is what we've

0:40:45.160 --> 0:40:48.279
<v Speaker 1>seen in Venezuela. It's also what we've seen certainly day

0:40:48.320 --> 0:40:51.280
<v Speaker 1>to day in Iran. And the question is what happens

0:40:51.440 --> 0:40:53.319
<v Speaker 1>X and Cuba. We're going to cover it all here

0:40:53.840 --> 0:40:56.120
<v Speaker 1>don't forget. We do this show Monday, Wednesday and Friday.

0:40:56.160 --> 0:40:58.919
<v Speaker 1>So hit that subscriber auto download button so you don't

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<v Speaker 1>miss an episode. You can tell Siria Alexa play Verdict

0:41:02.280 --> 0:41:05.080
<v Speaker 1>with Ted Cruz and that will happen. And you can

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<v Speaker 1>also watch the show now on YouTube or on Facebook.

0:41:07.920 --> 0:41:09.880
<v Speaker 1>Makes you subscribe on YouTube and you can watch the

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0:41:12.080 --> 0:41:14.279
<v Speaker 1>on your phone wherever you want to on demand as

0:41:14.280 --> 0:41:16.000
<v Speaker 1>well in the center. I will see you back here

0:41:16.120 --> 0:41:16.880
<v Speaker 1>Wednesday morning.