1 00:00:00,080 --> 00:00:01,599 Speaker 1: Hey guys, Saga and Crystal here. 2 00:00:01,680 --> 00:00:05,200 Speaker 2: Independent media just played a truly massive role in this election, 3 00:00:05,360 --> 00:00:07,840 Speaker 2: and we are so excited about what that means for 4 00:00:07,880 --> 00:00:08,720 Speaker 2: the future of the show. 5 00:00:08,880 --> 00:00:10,760 Speaker 3: This is the only place where you can find honest 6 00:00:10,760 --> 00:00:13,280 Speaker 3: perspectives from the left and the right that simply does 7 00:00:13,320 --> 00:00:14,680 Speaker 3: not exist anywhere else. 8 00:00:14,760 --> 00:00:17,080 Speaker 2: So if that is something that's important to you, please 9 00:00:17,120 --> 00:00:19,599 Speaker 2: go to Breakingpoints dot com. Become a member today and 10 00:00:19,640 --> 00:00:22,800 Speaker 2: you'll get access to our full shows, unedited, ad free 11 00:00:22,800 --> 00:00:25,600 Speaker 2: and all put together for you every morning in your inbox. 12 00:00:25,680 --> 00:00:27,560 Speaker 3: We need your help to build the future of independent 13 00:00:27,560 --> 00:00:29,920 Speaker 3: news media and we hope to see you at Breakingpoints 14 00:00:29,960 --> 00:00:35,320 Speaker 3: dot Com. Turning down to oil, we're going to be 15 00:00:35,360 --> 00:00:37,479 Speaker 3: joining in the second by Rory Johnson. He's an excellent 16 00:00:37,520 --> 00:00:38,199 Speaker 3: oil analyst. 17 00:00:38,200 --> 00:00:39,200 Speaker 1: But we do have to show you. 18 00:00:39,120 --> 00:00:43,080 Speaker 3: Some absolutely apocalyptic images coming out of Tehran. Let's go 19 00:00:43,200 --> 00:00:45,400 Speaker 3: to put these up here on the screen so we 20 00:00:45,440 --> 00:00:48,120 Speaker 3: can show all of you. The first here is some 21 00:00:48,200 --> 00:00:51,760 Speaker 3: of the destruction. This is an Iranian reporter standing in 22 00:00:51,800 --> 00:00:55,000 Speaker 3: front of an oil facility in the middle of Tehran, 23 00:00:55,120 --> 00:00:59,200 Speaker 3: one of the largest facilities which supplies the entire city. 24 00:00:59,240 --> 00:01:02,440 Speaker 3: These are reporting is really is air strikes, which not 25 00:01:02,480 --> 00:01:06,560 Speaker 3: only struck the facility, but these black clouds started coming 26 00:01:06,680 --> 00:01:09,920 Speaker 3: all the way up into the sky and authorities there 27 00:01:09,959 --> 00:01:14,280 Speaker 3: in Tehran are now reporting risks of acid rain, black clouds, 28 00:01:14,280 --> 00:01:17,120 Speaker 3: and smoke across the entire city. So you can see 29 00:01:17,160 --> 00:01:20,240 Speaker 3: that the entire thing was on fire. There were storm 30 00:01:20,319 --> 00:01:24,400 Speaker 3: drains from which oil was actually flowing into civilian infrastructure 31 00:01:24,400 --> 00:01:27,200 Speaker 3: that remained on fire. I mean literally out of the 32 00:01:27,240 --> 00:01:30,039 Speaker 3: scene of a movie. We also have this video from 33 00:01:30,040 --> 00:01:32,880 Speaker 3: a CNN reporter who is on the ground in Tehran 34 00:01:33,120 --> 00:01:37,560 Speaker 3: actually showing the raining oil on top of everything in 35 00:01:37,600 --> 00:01:38,600 Speaker 3: the surrounding vicinity. 36 00:01:38,680 --> 00:01:39,400 Speaker 1: Let's take a listen. 37 00:01:39,600 --> 00:01:41,520 Speaker 4: I want to show you something else, because it's also raining, 38 00:01:41,800 --> 00:01:44,400 Speaker 4: but you can see that the rain, the rain water 39 00:01:45,000 --> 00:01:49,760 Speaker 4: is actually black, also saturated, it appears with oil. And 40 00:01:49,800 --> 00:01:52,000 Speaker 4: then if we look over there, you can see that 41 00:01:52,040 --> 00:01:58,240 Speaker 4: the water that's running down here also is black. So 42 00:01:58,280 --> 00:02:01,720 Speaker 4: that's what's coming down this morning, this sort of oil 43 00:02:02,760 --> 00:02:06,360 Speaker 4: filled brain that we have right now on the Iranian capital. 44 00:02:06,440 --> 00:02:07,640 Speaker 4: After the strikes their place. 45 00:02:07,920 --> 00:02:10,680 Speaker 3: Oil filled rain, and of course that was immediately responded 46 00:02:10,680 --> 00:02:12,920 Speaker 3: to by the Iranians who are targeting a lot of 47 00:02:12,919 --> 00:02:16,000 Speaker 3: oil facilities across the region. So to get into all 48 00:02:16,000 --> 00:02:17,960 Speaker 3: of that, where the price of oil will go and 49 00:02:18,080 --> 00:02:19,920 Speaker 3: where the markets stand as of right now. We're going 50 00:02:19,960 --> 00:02:22,920 Speaker 3: to welcome Roy Johnston. He is an independent oil analyst 51 00:02:22,919 --> 00:02:25,000 Speaker 3: and he's going to join the show. Now joining us now, 52 00:02:25,000 --> 00:02:27,120 Speaker 3: as I said, is Roy Johnston. He is the founder 53 00:02:27,160 --> 00:02:30,320 Speaker 3: of commoditycontext dot com and he's a longtime friend of 54 00:02:30,400 --> 00:02:30,679 Speaker 3: the show. 55 00:02:30,720 --> 00:02:31,760 Speaker 1: Rory, thanks for joining us. 56 00:02:32,600 --> 00:02:33,400 Speaker 5: Thanks for having me. 57 00:02:33,600 --> 00:02:35,120 Speaker 1: Yeah, not under the best circumstances. 58 00:02:35,200 --> 00:02:38,320 Speaker 3: Unfortunately, been following your work quite a bit independent oil 59 00:02:38,360 --> 00:02:42,320 Speaker 3: analysts and has really forecasted things with a very honest view. 60 00:02:42,360 --> 00:02:44,880 Speaker 3: And so we want to start with Donald Trump's first truth, 61 00:02:44,960 --> 00:02:48,160 Speaker 3: social and reaction to crude oil features going over one 62 00:02:48,200 --> 00:02:49,200 Speaker 3: hundred dollars per barrel. 63 00:02:49,240 --> 00:02:51,040 Speaker 1: Let's put it up here on the screen. 64 00:02:51,080 --> 00:02:53,880 Speaker 3: He says, short term oil prices, which will drop rapidly 65 00:02:53,919 --> 00:02:56,240 Speaker 3: when the destruction of the Iran nuclear threat is over, 66 00:02:56,639 --> 00:02:58,200 Speaker 3: is a very small price to pay. 67 00:02:58,320 --> 00:03:00,560 Speaker 1: Only fools would think differently. 68 00:03:00,600 --> 00:03:03,200 Speaker 3: So, Rory, are you amongst those fools who think differently 69 00:03:03,520 --> 00:03:05,320 Speaker 3: here about the price of oil? 70 00:03:05,320 --> 00:03:06,680 Speaker 1: And where do you see things right now? 71 00:03:07,880 --> 00:03:09,839 Speaker 5: I'm definitely among the fools on that one. 72 00:03:09,919 --> 00:03:12,359 Speaker 6: I think, as I was saying at the time when 73 00:03:12,360 --> 00:03:14,680 Speaker 6: the President you know, truths that. 74 00:03:16,240 --> 00:03:18,200 Speaker 5: It's kind of the worst thing he could say in 75 00:03:18,240 --> 00:03:18,799 Speaker 5: the current moment. 76 00:03:18,840 --> 00:03:20,799 Speaker 6: I think the important thing to keep in mind here 77 00:03:20,880 --> 00:03:23,480 Speaker 6: is that the main thing the oil market is attempting 78 00:03:23,480 --> 00:03:27,280 Speaker 6: to handicap is the duration of this disruption through the 79 00:03:27,320 --> 00:03:30,200 Speaker 6: straight ofform moves and the broader attacks against infrastructure in 80 00:03:30,200 --> 00:03:30,600 Speaker 6: the region. 81 00:03:30,919 --> 00:03:31,440 Speaker 5: So when the. 82 00:03:31,400 --> 00:03:35,760 Speaker 6: President says, you know, don't worry, it's a short term thing, no, biggie. 83 00:03:36,160 --> 00:03:39,560 Speaker 6: I think the market's concern is that he actually believes that, 84 00:03:39,640 --> 00:03:42,680 Speaker 6: because if he actually believes that, then this could go 85 00:03:42,720 --> 00:03:45,600 Speaker 6: on much longer than anyone had feared. I mean, going 86 00:03:45,640 --> 00:03:48,160 Speaker 6: into this, I did not think there was any chance. 87 00:03:48,320 --> 00:03:51,200 Speaker 6: I had never thought I would see this in my career. 88 00:03:51,800 --> 00:03:56,440 Speaker 6: This is the largest scale disruption of energy systems at 89 00:03:56,560 --> 00:03:59,680 Speaker 6: least since the nineteen seventies, and potentially, if this goes 90 00:03:59,680 --> 00:04:01,800 Speaker 6: on much longer, potentially the longest in history, you know, 91 00:04:01,800 --> 00:04:05,120 Speaker 6: the largest in history. So if this continues going on 92 00:04:05,560 --> 00:04:08,080 Speaker 6: and the President's statements make it seem like this is 93 00:04:08,120 --> 00:04:10,640 Speaker 6: all under control, this is absolutely not under control. 94 00:04:10,800 --> 00:04:13,040 Speaker 5: This is massive and prices. 95 00:04:12,640 --> 00:04:15,160 Speaker 6: Are exploding, and the longer this goes on, the worse 96 00:04:15,200 --> 00:04:16,039 Speaker 6: it's going to get. 97 00:04:16,440 --> 00:04:17,320 Speaker 7: How bad could it get. 98 00:04:18,560 --> 00:04:21,240 Speaker 6: I mean, it's one of those it's one of those 99 00:04:21,279 --> 00:04:24,760 Speaker 6: shocks where the supply loss is so large that what 100 00:04:24,800 --> 00:04:26,839 Speaker 6: you need to do is you need to incentivize demand 101 00:04:26,839 --> 00:04:31,120 Speaker 6: destruction across a whole variety of sectors air travel, freight, 102 00:04:31,920 --> 00:04:35,560 Speaker 6: consumer consumption, everything needs to go. And what you know, 103 00:04:35,560 --> 00:04:38,080 Speaker 6: when we think about the way this would manifest, basically 104 00:04:38,240 --> 00:04:41,280 Speaker 6: we have two sides of this. Either the prices to 105 00:04:41,520 --> 00:04:43,600 Speaker 6: rise and the incentives and shipping needs to rise to 106 00:04:43,680 --> 00:04:46,440 Speaker 6: such a level that people begin to risk making the 107 00:04:46,440 --> 00:04:49,640 Speaker 6: transit through the straight from OS or the war ends and. 108 00:04:49,560 --> 00:04:50,480 Speaker 5: The straight reopens. 109 00:04:50,720 --> 00:04:53,360 Speaker 6: Otherwise, if we still have this twenty million barrel a 110 00:04:53,440 --> 00:04:55,359 Speaker 6: day loss of supply from the goal system, and just 111 00:04:55,360 --> 00:04:58,560 Speaker 6: to put that in perspective, that is roughly the exact 112 00:04:58,600 --> 00:05:02,400 Speaker 6: same size of disruption, the size of demand loss that 113 00:05:02,400 --> 00:05:05,120 Speaker 6: that we kind of saw at the peak of COVID 114 00:05:05,120 --> 00:05:08,320 Speaker 6: demand destruction in March and April of twenty twenty. During 115 00:05:08,360 --> 00:05:11,280 Speaker 6: that period, we were all locked in, you know, planes 116 00:05:11,279 --> 00:05:13,120 Speaker 6: were not in the air. So what we're talking about 117 00:05:13,279 --> 00:05:15,640 Speaker 6: is is kind of what price would be needed to 118 00:05:15,880 --> 00:05:18,919 Speaker 6: replicate the conditions of the bottom of COVID. That's the 119 00:05:19,000 --> 00:05:21,440 Speaker 6: kind of scary part about this and the way this 120 00:05:21,480 --> 00:05:24,640 Speaker 6: would play out is you know, basically, we in advanced, 121 00:05:24,720 --> 00:05:27,159 Speaker 6: kind of wealthy countries probably are just going to pay 122 00:05:27,240 --> 00:05:29,800 Speaker 6: much much higher prices than pump because those prices will 123 00:05:29,839 --> 00:05:33,320 Speaker 6: be needed to incentivize those supplies of those fuels remaining 124 00:05:33,360 --> 00:05:36,400 Speaker 6: in our economies. The rest of you know, the developing 125 00:05:36,440 --> 00:05:38,960 Speaker 6: world where they can't afford these imports, this is going 126 00:05:39,000 --> 00:05:41,440 Speaker 6: to manifest is outright shortages for them. So that's this 127 00:05:41,440 --> 00:05:43,719 Speaker 6: way you're already seeing gas lines or seeing everything else. 128 00:05:44,000 --> 00:05:46,800 Speaker 6: This is something that we already at this stage, we've 129 00:05:46,839 --> 00:05:49,479 Speaker 6: already had such a massive kind of air bubble in 130 00:05:49,520 --> 00:05:52,600 Speaker 6: the system of the loss of disruption and experts already 131 00:05:52,760 --> 00:05:56,000 Speaker 6: this is already a kind of a historic crisis. If 132 00:05:56,000 --> 00:05:58,200 Speaker 6: this goes on longer, there's no telling how high we 133 00:05:58,240 --> 00:06:00,280 Speaker 6: could go. Two hundred dollars a barrel. It's like, it's 134 00:06:00,360 --> 00:06:02,599 Speaker 6: very very easy to just say numbers that are higher, 135 00:06:02,640 --> 00:06:05,360 Speaker 6: because there is no number high enough to incentivize the 136 00:06:05,440 --> 00:06:07,000 Speaker 6: level of destruction that we would need to see. 137 00:06:07,040 --> 00:06:08,919 Speaker 1: That's crazy. Let's put C six up on the screen. 138 00:06:08,960 --> 00:06:12,280 Speaker 3: This was your analysis, you say, as someone who routinely 139 00:06:12,360 --> 00:06:15,320 Speaker 3: mocks perma bullish clickbait oil forecast. I want to be 140 00:06:15,360 --> 00:06:18,760 Speaker 3: exceptionally clear, crude will go to two hundred dollars per 141 00:06:18,760 --> 00:06:22,080 Speaker 3: barrel en route higher unless traffic through the straight resumes. 142 00:06:22,200 --> 00:06:27,120 Speaker 3: Not clickbait, rather brutal physics and necessary economic incentive. So 143 00:06:27,440 --> 00:06:30,120 Speaker 3: to put it into perspective, you know, everybody not everybody's 144 00:06:30,160 --> 00:06:31,120 Speaker 3: a barrel expert. 145 00:06:31,160 --> 00:06:31,840 Speaker 1: What does that mean? 146 00:06:31,880 --> 00:06:34,680 Speaker 3: What does that mean in terms of what does that 147 00:06:34,720 --> 00:06:37,560 Speaker 3: mean in terms of gas prices at the pump? Last 148 00:06:37,560 --> 00:06:40,320 Speaker 3: time we talked Russia Ukraine, you got you know, potentially 149 00:06:40,360 --> 00:06:41,239 Speaker 3: six dollars a gallon. 150 00:06:41,279 --> 00:06:43,080 Speaker 1: What does that look like two hundred dollars a barrel. 151 00:06:43,720 --> 00:06:46,120 Speaker 6: Yeah, so even as we stand right now today, the 152 00:06:46,200 --> 00:06:50,080 Speaker 6: price of our Bob gasoline kind of futures are implying 153 00:06:50,160 --> 00:06:52,760 Speaker 6: that we've already jumped back above four dollars a gallon 154 00:06:52,800 --> 00:06:55,359 Speaker 6: in the US and that is going to stick and 155 00:06:55,400 --> 00:06:56,200 Speaker 6: continue going higher. 156 00:06:56,279 --> 00:06:58,840 Speaker 5: So yeah, five six dollars a gallon, this is. 157 00:06:58,800 --> 00:07:00,599 Speaker 6: Going to be you know, again, we need to just 158 00:07:00,680 --> 00:07:04,360 Speaker 6: do something to break the demand cycle, and those are 159 00:07:04,360 --> 00:07:06,520 Speaker 6: the prices it's going to take. What I should note 160 00:07:06,600 --> 00:07:08,799 Speaker 6: is that while gasoline is going you're going to mainly 161 00:07:08,839 --> 00:07:13,040 Speaker 6: feel the loss of or the oil price spike in 162 00:07:13,200 --> 00:07:15,560 Speaker 6: that in the gasoline price. What we're seeing is an 163 00:07:15,560 --> 00:07:18,600 Speaker 6: even more acute disruption in Middle dislots, so those would 164 00:07:18,640 --> 00:07:21,520 Speaker 6: be your you know, your diesels, your jet fuels, et cetera. 165 00:07:22,160 --> 00:07:24,160 Speaker 6: And part of that is because the Middle East, in 166 00:07:24,200 --> 00:07:27,000 Speaker 6: addition to being obviously the world's largest kind of single 167 00:07:27,000 --> 00:07:30,080 Speaker 6: conduit of oil exports or crude oil exports, is also 168 00:07:30,120 --> 00:07:34,040 Speaker 6: a major supplier of jet fuel to Asia and largely 169 00:07:34,080 --> 00:07:37,080 Speaker 6: diesel to Europe. And the diesel to your replaced the 170 00:07:37,200 --> 00:07:41,880 Speaker 6: banned imports from Russia following the invasion of Ukraine twenty two, 171 00:07:41,960 --> 00:07:44,239 Speaker 6: which is roughly the last time that the oil market 172 00:07:44,280 --> 00:07:47,080 Speaker 6: was exploding, and we were talking, you know, the last 173 00:07:47,080 --> 00:07:49,280 Speaker 6: time I first jumped on this show, and this is 174 00:07:49,320 --> 00:07:50,760 Speaker 6: the kind of situation we're seeing again. 175 00:07:51,080 --> 00:07:52,400 Speaker 5: Even in the opening. 176 00:07:52,000 --> 00:07:55,240 Speaker 6: Salvo of this what we saw was jet fuel demand 177 00:07:55,240 --> 00:07:57,000 Speaker 6: in Asia jumped to the equivalent of more than two 178 00:07:57,080 --> 00:08:00,800 Speaker 6: hundred dollars a barrel already. And part of what's crazy 179 00:08:00,840 --> 00:08:04,040 Speaker 6: here is that the refined products market, particular in Asia, 180 00:08:04,200 --> 00:08:06,080 Speaker 6: is going to front run the impact that we're seeing 181 00:08:06,080 --> 00:08:08,600 Speaker 6: from crude. And that's because, you know, as of a 182 00:08:08,600 --> 00:08:10,720 Speaker 6: week and a half ago, tankers were still flowing out 183 00:08:10,720 --> 00:08:13,280 Speaker 6: of the straight from US, So it takes a month 184 00:08:13,320 --> 00:08:14,880 Speaker 6: to two months for those tankers to get. 185 00:08:14,760 --> 00:08:16,120 Speaker 5: To those their destinations. 186 00:08:16,280 --> 00:08:17,600 Speaker 6: So it's going to be a month or two and 187 00:08:17,680 --> 00:08:19,960 Speaker 6: so we start to feel the loss of those crude 188 00:08:19,960 --> 00:08:22,200 Speaker 6: supplies in those global finding systems. 189 00:08:22,240 --> 00:08:24,040 Speaker 5: But what we're already seeing is that. 190 00:08:24,000 --> 00:08:27,160 Speaker 6: Refineries, particularly in Asia, were to depend on this feedstock, 191 00:08:27,400 --> 00:08:30,160 Speaker 6: they're terrified. Their worst case scenario is shutting down. They 192 00:08:30,160 --> 00:08:33,079 Speaker 6: don't like tutting their facilities down. It's very complicated, very expensive, 193 00:08:33,320 --> 00:08:34,080 Speaker 6: very tough to get. 194 00:08:33,920 --> 00:08:34,800 Speaker 5: Them back up and running. 195 00:08:34,880 --> 00:08:38,640 Speaker 6: So they have preemptively reduced operating levels, let's say, from 196 00:08:38,840 --> 00:08:42,200 Speaker 6: you know, ninety percent to sixty five percent, in order 197 00:08:42,240 --> 00:08:44,080 Speaker 6: to kind of extend the runway. But what that's done 198 00:08:44,120 --> 00:08:47,720 Speaker 6: is it's immediately cut supplies of diesel, jet fuel, et 199 00:08:47,760 --> 00:08:50,600 Speaker 6: cetera to the region. So, you know, this is why 200 00:08:50,600 --> 00:08:53,280 Speaker 6: the products impact is front running what we're even going 201 00:08:53,320 --> 00:08:54,559 Speaker 6: to see in crude. 202 00:08:54,840 --> 00:08:57,880 Speaker 2: So we are obviously much more energy independent than we 203 00:08:57,880 --> 00:09:00,640 Speaker 2: were in the seventies. Are their tools at the US 204 00:09:00,720 --> 00:09:03,560 Speaker 2: government's disposal that they could use to help blunt the 205 00:09:03,600 --> 00:09:04,679 Speaker 2: impact for consumers? 206 00:09:05,760 --> 00:09:08,600 Speaker 6: Yeah, so I think the most important and obvious kind 207 00:09:08,600 --> 00:09:11,280 Speaker 6: of tool in this toolkit is the Strategic Patrolum Reserve. 208 00:09:11,280 --> 00:09:13,320 Speaker 6: And we actually saw I just woke up and saw 209 00:09:13,400 --> 00:09:16,560 Speaker 6: the news that the G seven with the United States 210 00:09:16,640 --> 00:09:20,480 Speaker 6: is considering a release of strategic stocks through the IA. 211 00:09:20,960 --> 00:09:23,319 Speaker 6: Potentially was a three hundred or four hundred million barrels, 212 00:09:23,320 --> 00:09:25,200 Speaker 6: which would that's exactly what should be. 213 00:09:25,200 --> 00:09:25,880 Speaker 5: Happening right now. 214 00:09:25,920 --> 00:09:28,400 Speaker 6: It's actually shocking to me that up until this point, 215 00:09:28,400 --> 00:09:32,280 Speaker 6: the Trump administration has so kind of stubbornly refused to 216 00:09:32,440 --> 00:09:36,280 Speaker 6: entertain the idea of an SPR release, and partly because 217 00:09:36,360 --> 00:09:39,560 Speaker 6: they tied themselves in so many knots lambasting the Biden 218 00:09:39,600 --> 00:09:42,240 Speaker 6: administration about the use of the SPR and twenty twenty two, 219 00:09:42,360 --> 00:09:46,199 Speaker 6: which again at that time was a historic crisis. And 220 00:09:46,240 --> 00:09:49,120 Speaker 6: then because you know, even even in the Big Beautiful 221 00:09:49,160 --> 00:09:51,800 Speaker 6: Bill last year, the Trump administration had attempted to get 222 00:09:51,800 --> 00:09:54,319 Speaker 6: more money for the SPR to refill because the SPR 223 00:09:54,360 --> 00:09:55,520 Speaker 6: is effectively out of money. 224 00:09:55,520 --> 00:09:55,720 Speaker 5: Now. 225 00:09:56,600 --> 00:10:00,880 Speaker 6: The Biden administration had refilled, you know, sixty seven million barrels, 226 00:10:01,000 --> 00:10:02,720 Speaker 6: but then they ran out of cash because the rest 227 00:10:02,760 --> 00:10:05,960 Speaker 6: of the cash have been remitted to Congress. They need 228 00:10:06,000 --> 00:10:08,040 Speaker 6: more money to get to fill the SPR, and they 229 00:10:08,280 --> 00:10:11,720 Speaker 6: weren't able to get I think the actual appropriation requests 230 00:10:11,760 --> 00:10:13,640 Speaker 6: dropped from like a one point two billion to like 231 00:10:13,720 --> 00:10:15,920 Speaker 6: one hundred and eighteen million or those are rough numbers, 232 00:10:16,160 --> 00:10:18,559 Speaker 6: but you know, you had a massive cut in that 233 00:10:18,640 --> 00:10:21,200 Speaker 6: volume of crude, which is one hundred million dollars for 234 00:10:21,440 --> 00:10:23,920 Speaker 6: refill and crude and the scars basically nothing, and we 235 00:10:24,000 --> 00:10:25,880 Speaker 6: needed a lot more than that. So I think that's 236 00:10:25,880 --> 00:10:27,040 Speaker 6: the situation we're in right now. 237 00:10:27,080 --> 00:10:29,920 Speaker 3: So, Rory, what we've seen right now is effective closure 238 00:10:30,000 --> 00:10:31,600 Speaker 3: of the straits of horn Moves. I know that there 239 00:10:31,600 --> 00:10:35,480 Speaker 3: are other pipelines which are operating. However, the Iranians there's 240 00:10:35,480 --> 00:10:38,880 Speaker 3: been othersome reporting about potential strikes on those. If we 241 00:10:38,920 --> 00:10:41,960 Speaker 3: do see shut down with a RAMCO also LNG, what 242 00:10:42,080 --> 00:10:44,280 Speaker 3: does that look like, you know, for our global energy market? 243 00:10:44,360 --> 00:10:46,520 Speaker 3: As you're saying, it's just demand destruction. People were just 244 00:10:46,559 --> 00:10:48,720 Speaker 3: in the developed world in Africa, it's like stop driving, 245 00:10:48,760 --> 00:10:49,600 Speaker 3: You're not going anywhere. 246 00:10:49,679 --> 00:10:52,400 Speaker 5: Is that what it looks like basically? And I think 247 00:10:52,480 --> 00:10:54,000 Speaker 5: so there's important differentiation here. 248 00:10:54,040 --> 00:10:55,680 Speaker 6: So when we talk about the closure of the straight 249 00:10:55,760 --> 00:10:58,280 Speaker 6: from Moos, that's you Let's say, you know, these numbers 250 00:10:58,280 --> 00:11:00,000 Speaker 6: are all over the place. Let's say twenty million barrel. 251 00:11:00,040 --> 00:11:02,440 Speaker 6: Roughly twenty percent of global supplies travel through the strait. 252 00:11:03,000 --> 00:11:05,240 Speaker 6: When those were effectively shuttered, I think of it as 253 00:11:05,240 --> 00:11:07,800 Speaker 6: like a kinked garden hose, right, so you know nothing's 254 00:11:07,800 --> 00:11:10,480 Speaker 6: coming through, but if it only lasted a day or two, 255 00:11:10,480 --> 00:11:12,040 Speaker 6: you could just unkick the hose and things just. 256 00:11:12,040 --> 00:11:13,080 Speaker 5: Kind of flow back to normal. 257 00:11:13,880 --> 00:11:17,199 Speaker 6: What we were seeing in the attacks against energy infrastructure 258 00:11:17,200 --> 00:11:19,560 Speaker 6: in the region, that's even the larger tail wrist than 259 00:11:19,559 --> 00:11:22,000 Speaker 6: the straight than the closure of the strait itself. You know, 260 00:11:22,040 --> 00:11:24,480 Speaker 6: if this the straight closure is like a kinked garden hose, 261 00:11:24,720 --> 00:11:27,360 Speaker 6: these facility attacks are more like taking a shotgun and 262 00:11:27,400 --> 00:11:30,080 Speaker 6: then blasting off the faucet to which the hose is attached. 263 00:11:30,480 --> 00:11:32,840 Speaker 6: Everything in the oil market is repayable, but that's a 264 00:11:32,920 --> 00:11:37,280 Speaker 6: far larger, longer kind of repair operation. The other thing 265 00:11:37,280 --> 00:11:40,000 Speaker 6: we've seen beyond that is that the pressure from that 266 00:11:40,000 --> 00:11:40,520 Speaker 6: that you know. 267 00:11:40,600 --> 00:11:42,440 Speaker 5: Kinked hose has built back up. 268 00:11:42,480 --> 00:11:44,920 Speaker 6: And the other issue is that a lot of the producers, 269 00:11:44,920 --> 00:11:47,520 Speaker 6: most notably are Rock and Kuwait, don't have a lot 270 00:11:47,559 --> 00:11:51,160 Speaker 6: of domestic storage for their for their crude, so when 271 00:11:51,160 --> 00:11:53,480 Speaker 6: they can't ship it out, they basically start shutting in production. 272 00:11:53,679 --> 00:11:55,400 Speaker 5: And what we've already seen is as of yesterday. I 273 00:11:55,400 --> 00:11:56,680 Speaker 5: haven't check the numbers yet this morning. 274 00:11:56,960 --> 00:11:59,760 Speaker 6: As of yesterday a rock had already shut in forced 275 00:12:00,280 --> 00:12:03,960 Speaker 6: because of the lack of export optionality. They'd already shut 276 00:12:04,000 --> 00:12:06,760 Speaker 6: in more than three million barrels a day, which, again 277 00:12:06,880 --> 00:12:09,120 Speaker 6: rewinding twenty twenty two, when we would have last spoke, 278 00:12:09,559 --> 00:12:14,680 Speaker 6: that was the feared loss from Russia with three million 279 00:12:14,720 --> 00:12:17,600 Speaker 6: barrels that we never actually saw, and that feared loss 280 00:12:17,960 --> 00:12:19,880 Speaker 6: was enough to push oil prices above one. 281 00:12:19,880 --> 00:12:21,080 Speaker 5: Hundred and twenty dollars a barrel. 282 00:12:21,640 --> 00:12:24,520 Speaker 6: We already have realized that loss in the first week 283 00:12:24,960 --> 00:12:27,720 Speaker 6: of this of this crisis in the golf. 284 00:12:28,280 --> 00:12:30,520 Speaker 3: And I think the question is of what we expected 285 00:12:30,640 --> 00:12:33,680 Speaker 3: loss in twenty twenty two, just to put it into context. 286 00:12:33,520 --> 00:12:36,480 Speaker 6: Exactly, and we've already lost it. So that can be 287 00:12:36,559 --> 00:12:38,680 Speaker 6: turned back on, but it can't be turned back on 288 00:12:38,840 --> 00:12:40,600 Speaker 6: like you know, flipping a switch. It's going to take 289 00:12:40,800 --> 00:12:44,080 Speaker 6: weeks potentially, you know, you know, days or potentially weeks up. 290 00:12:43,920 --> 00:12:44,520 Speaker 5: To a month. 291 00:12:44,920 --> 00:12:47,880 Speaker 6: And that is again, these are massive volumes of crude 292 00:12:47,920 --> 00:12:51,160 Speaker 6: and the system needs to open itself back up. And 293 00:12:51,200 --> 00:12:54,360 Speaker 6: at this stage, the market and myself increasingly has no 294 00:12:54,480 --> 00:12:57,600 Speaker 6: confidence that this that this conflict is going to end again. 295 00:12:57,800 --> 00:12:59,880 Speaker 6: I never thought we would get this far. What we'd 296 00:13:00,080 --> 00:13:02,800 Speaker 6: seen from President Trump up to this stage had been 297 00:13:02,800 --> 00:13:06,120 Speaker 6: a series ever since, you know, twenty nineteen, when he 298 00:13:06,200 --> 00:13:07,480 Speaker 6: killed General Sulamani. 299 00:13:08,120 --> 00:13:10,240 Speaker 5: It was quick, sharp, You had kind. 300 00:13:10,080 --> 00:13:14,080 Speaker 6: Of almost a symbolic exchange of fire between US forces 301 00:13:14,120 --> 00:13:17,120 Speaker 6: and the Iranians, you know, the Iranians would you know 302 00:13:17,400 --> 00:13:20,520 Speaker 6: this was also happened in June of last year and 303 00:13:20,559 --> 00:13:22,679 Speaker 6: twenty twenty five during the twelve Day war between Israel 304 00:13:22,679 --> 00:13:24,880 Speaker 6: and Iran. You would kind of get these kind of 305 00:13:25,280 --> 00:13:28,560 Speaker 6: feigned attacks that you know, they weren't the big deal, 306 00:13:28,640 --> 00:13:30,760 Speaker 6: but you know, Iran couldn't be seen to just roll over, 307 00:13:31,200 --> 00:13:32,640 Speaker 6: so it was kind of like, we're gonna hit you 308 00:13:32,640 --> 00:13:35,000 Speaker 6: with a couple of missiles in a warehouse or you know, 309 00:13:35,040 --> 00:13:37,760 Speaker 6: a base, but you know it's not it's not a 310 00:13:37,800 --> 00:13:40,760 Speaker 6: massive thing, and they can kind of just like, okay, 311 00:13:40,880 --> 00:13:42,679 Speaker 6: that's fine, and we'll pack up and go away. 312 00:13:42,800 --> 00:13:46,280 Speaker 5: This time, however, they've gone full boar. You know, Trump 313 00:13:46,400 --> 00:13:47,880 Speaker 5: has not let up as quickly. 314 00:13:47,960 --> 00:13:50,520 Speaker 6: It's not been a flashy kind of cinematic event followed 315 00:13:50,520 --> 00:13:52,640 Speaker 6: by a declaration of victory, which is I still think 316 00:13:52,640 --> 00:13:55,840 Speaker 6: what he was hoping to achieve here, but the Iranians 317 00:13:55,840 --> 00:13:58,559 Speaker 6: did not give him that opportunity, and therefore we are 318 00:13:58,559 --> 00:14:01,160 Speaker 6: now stuck in this kind of prolonged conflict. And the 319 00:14:01,160 --> 00:14:03,840 Speaker 6: White House very clearly does not have any kind of 320 00:14:03,920 --> 00:14:06,960 Speaker 6: durable escape plan, and they did not plan for any 321 00:14:07,000 --> 00:14:11,600 Speaker 6: of these energy contingencies. We hear about things like shipping traffic, 322 00:14:11,720 --> 00:14:15,080 Speaker 6: you know, war insurance coverage from the Treasury Department. You know, 323 00:14:15,160 --> 00:14:16,840 Speaker 6: this is stuff that if they were really planning this, 324 00:14:16,960 --> 00:14:18,920 Speaker 6: they should have had this figured out months ago. 325 00:14:19,280 --> 00:14:20,840 Speaker 5: The fact that the fact that we are just. 326 00:14:20,760 --> 00:14:23,800 Speaker 6: At this now, they are clearly reacting and they're flailing. 327 00:14:23,960 --> 00:14:25,840 Speaker 2: I mean, that is part of what is so crazy 328 00:14:25,840 --> 00:14:28,640 Speaker 2: to me. Like literally, anyone, if you say war in 329 00:14:28,640 --> 00:14:30,040 Speaker 2: the Middle East, the first thing they're going to. 330 00:14:29,960 --> 00:14:30,640 Speaker 7: Think of as oil. 331 00:14:30,920 --> 00:14:34,120 Speaker 2: Right, It's like the basic number one of what's going 332 00:14:34,200 --> 00:14:36,000 Speaker 2: to be impacted if you have some sort of war 333 00:14:36,240 --> 00:14:38,440 Speaker 2: anywhere in the Middle East. My last question for you, 334 00:14:38,440 --> 00:14:40,080 Speaker 2: because I know you've got to run, we really appreciate 335 00:14:40,080 --> 00:14:42,680 Speaker 2: your time, is how does this ripple We're focused on oil, 336 00:14:42,680 --> 00:14:44,720 Speaker 2: we're focused on gas pumps, but how does this ripple 337 00:14:44,760 --> 00:14:46,000 Speaker 2: thround the entire economy? 338 00:14:47,320 --> 00:14:49,160 Speaker 6: Yeah, so I mean, you know, this is going to 339 00:14:49,240 --> 00:14:52,320 Speaker 6: feel if this continues much like much like the kind 340 00:14:52,360 --> 00:14:54,840 Speaker 6: of supply chain disruptions that we experienced in COVID. We 341 00:14:54,880 --> 00:14:57,520 Speaker 6: talked about this kind of bullwhip effect that when in 342 00:14:57,600 --> 00:15:00,800 Speaker 6: COVID we lost all this demand, so supply contracted in 343 00:15:01,160 --> 00:15:03,520 Speaker 6: and then demand recovered and supply was unable to keep up. 344 00:15:03,680 --> 00:15:05,760 Speaker 6: This is basically we're starting on the second phase of that. 345 00:15:06,200 --> 00:15:09,880 Speaker 6: We've lost the supply and it's such a large portion 346 00:15:09,960 --> 00:15:12,040 Speaker 6: of supply that we can't really make it up easily. 347 00:15:12,400 --> 00:15:15,120 Speaker 6: So you're going to start rationing throughout the economy. That's 348 00:15:15,120 --> 00:15:18,680 Speaker 6: going to force all of these kind of various industries 349 00:15:18,680 --> 00:15:22,080 Speaker 6: and countries into kind of more zero sum competition where 350 00:15:22,080 --> 00:15:23,600 Speaker 6: the system's not designed. 351 00:15:23,240 --> 00:15:24,480 Speaker 5: To go to work like that. 352 00:15:24,600 --> 00:15:26,360 Speaker 6: So it's going to be really hard, you know, to 353 00:15:26,520 --> 00:15:30,440 Speaker 6: predict the kind of knock on effects here. But if again, 354 00:15:30,520 --> 00:15:32,880 Speaker 6: if the stage cloth all of this is contingent on traffic, 355 00:15:33,040 --> 00:15:35,720 Speaker 6: not you know, resuming through the straight But if that occurs, 356 00:15:35,960 --> 00:15:37,560 Speaker 6: or we're talking about is not a global reception, We're 357 00:15:37,600 --> 00:15:40,000 Speaker 6: talking about upwards of like some kind of global depression 358 00:15:40,080 --> 00:15:40,640 Speaker 6: level event. 359 00:15:41,080 --> 00:15:43,000 Speaker 5: If this occurs, wow. 360 00:15:42,720 --> 00:15:47,440 Speaker 3: Wow, sobering words up again not an alarmist person, a 361 00:15:47,560 --> 00:15:49,760 Speaker 3: very straight minded independent analyst. 362 00:15:49,800 --> 00:15:52,200 Speaker 1: We appreciate you was always Rory. Thank you, thanks for. 363 00:15:52,200 --> 00:15:52,760 Speaker 5: Having me, guys. 364 00:15:55,840 --> 00:15:58,400 Speaker 2: Joining us now to discuss a number of recent developments though, 365 00:15:58,400 --> 00:16:02,240 Speaker 2: including the selection of a new Supreme Leader of Iran is. 366 00:16:02,280 --> 00:16:02,840 Speaker 7: Front of the show. 367 00:16:02,960 --> 00:16:06,200 Speaker 2: Treta Parsi of course at the Quincy Institute for Responsible Staycraft. 368 00:16:06,240 --> 00:16:08,680 Speaker 2: Great to see, sir, Good, good to be with you, guys. 369 00:16:09,040 --> 00:16:11,000 Speaker 2: So let's go and put d one up on the screen. 370 00:16:11,040 --> 00:16:13,960 Speaker 2: As I mentioned, new Supreme Leader has been chosen. He's 371 00:16:14,080 --> 00:16:17,440 Speaker 2: the son of the previous Supreme Leader. Tell us about 372 00:16:17,480 --> 00:16:20,240 Speaker 2: the significance of this and how he may differ from 373 00:16:20,240 --> 00:16:20,680 Speaker 2: his father. 374 00:16:21,280 --> 00:16:23,760 Speaker 8: So let me first start off by saying that very 375 00:16:23,800 --> 00:16:26,440 Speaker 8: few people on the outside really know much about what's 376 00:16:26,480 --> 00:16:31,040 Speaker 8: going on in the assembly of expert s hope brigand 377 00:16:31,080 --> 00:16:35,800 Speaker 8: who actually elects the Supreme Leader. And I definitely cannot 378 00:16:35,800 --> 00:16:40,080 Speaker 8: claim to have any expertise, but from the outside, analyzing 379 00:16:40,160 --> 00:16:43,600 Speaker 8: this and reading the tea leaves over the course of 380 00:16:44,040 --> 00:16:46,920 Speaker 8: the last couple of years and months, I think it 381 00:16:47,000 --> 00:16:50,000 Speaker 8: was quite clear that prior to all of this, most 382 00:16:50,040 --> 00:16:52,640 Speaker 8: of our Kamani was not a leading candidate. 383 00:16:52,760 --> 00:16:53,840 Speaker 9: His name was still in. 384 00:16:53,760 --> 00:16:57,120 Speaker 8: There, but there was a lot of resistance to him, 385 00:16:57,200 --> 00:16:59,840 Speaker 8: not only from the previous Supreme Leader, but also from others. 386 00:17:00,280 --> 00:17:03,520 Speaker 8: It seems to me that the killing of his father 387 00:17:03,600 --> 00:17:07,520 Speaker 8: by Israel, the killing of his mother, his wife, and 388 00:17:07,600 --> 00:17:13,199 Speaker 8: his child, really actually made him much more of a 389 00:17:13,440 --> 00:17:19,080 Speaker 8: likely successor to the previous Supreme leader, particularly also mindful 390 00:17:19,119 --> 00:17:22,080 Speaker 8: of the fact that Trump came out and said that 391 00:17:22,119 --> 00:17:25,640 Speaker 8: harmony that mosh of a Hamede would be unacceptable. It's 392 00:17:25,760 --> 00:17:28,320 Speaker 8: exactly the type of endorsement that I think he needed, 393 00:17:28,359 --> 00:17:30,840 Speaker 8: because what the Iranians are trying to do right now 394 00:17:31,200 --> 00:17:36,160 Speaker 8: with this choice is to signal total and absolute defiance. 395 00:17:36,680 --> 00:17:39,600 Speaker 8: They chose someone who clearly mindful of the fact that 396 00:17:39,680 --> 00:17:42,800 Speaker 8: his wife, child, father and mother were killed by Israel, 397 00:17:43,119 --> 00:17:47,440 Speaker 8: is in no reconciliatory mood, and as a result, I think, 398 00:17:47,480 --> 00:17:50,160 Speaker 8: you know, the signal is very clear. The Iranians are 399 00:17:50,440 --> 00:17:52,480 Speaker 8: sticking to their guns. They're not going to back down. 400 00:17:52,520 --> 00:17:55,280 Speaker 8: They're certainly not going to surrender. That's the message they 401 00:17:55,280 --> 00:17:58,400 Speaker 8: want to get across with his choice. Even though I'm 402 00:17:58,600 --> 00:18:02,000 Speaker 8: really strongly confident that he was not the leading candidate 403 00:18:02,359 --> 00:18:04,240 Speaker 8: had it not been for what just happened. 404 00:18:04,560 --> 00:18:10,200 Speaker 3: Yeah, because his father even preached against hereditary monarchy, because 405 00:18:10,280 --> 00:18:13,840 Speaker 3: he was pointing out like the degeneracy of the previous 406 00:18:13,840 --> 00:18:16,680 Speaker 3: Shah regime. That's what made it even more shocking. But it's, 407 00:18:16,720 --> 00:18:18,960 Speaker 3: like you said, the fact that Donald Trump himself said 408 00:18:19,000 --> 00:18:21,080 Speaker 3: that's not somebody we want to deal with, it seems 409 00:18:21,200 --> 00:18:23,280 Speaker 3: very clearly like that is the most That is the 410 00:18:23,320 --> 00:18:27,320 Speaker 3: message intended foremost is wartime leader, somebody who himself has 411 00:18:27,359 --> 00:18:30,359 Speaker 3: personally suffered. Father is a martyr in terms of not 412 00:18:30,400 --> 00:18:33,399 Speaker 3: only religious authority, but in terms of national message to 413 00:18:33,480 --> 00:18:36,480 Speaker 3: the populace and to the world that they're not backing down. 414 00:18:36,840 --> 00:18:39,399 Speaker 8: Yeah, and look, there's not a lot of interviews with 415 00:18:39,480 --> 00:18:42,200 Speaker 8: him at all. Frankly, you know, he has a reputation 416 00:18:42,400 --> 00:18:45,480 Speaker 8: of being more hardlined than his father. 417 00:18:45,560 --> 00:18:47,159 Speaker 9: I don't know if that's true or not. 418 00:18:47,280 --> 00:18:49,120 Speaker 8: A lot remains to be seen, mindful of the fact 419 00:18:49,160 --> 00:18:53,399 Speaker 8: that he was almost never seen in public before. But 420 00:18:53,560 --> 00:18:56,560 Speaker 8: if it is so that he is more hardlined, and 421 00:18:56,600 --> 00:18:58,800 Speaker 8: I think, unfortunately the regime is going to go in 422 00:18:58,840 --> 00:19:01,639 Speaker 8: a much more hardline direction now since they're in a 423 00:19:01,680 --> 00:19:07,240 Speaker 8: war situation, it just further shows that these type of escalations, conflict, etc. 424 00:19:07,960 --> 00:19:10,840 Speaker 8: Is exactly the opposite of what you want, if your 425 00:19:11,080 --> 00:19:14,040 Speaker 8: desire actually is to move Iran in a much more 426 00:19:14,119 --> 00:19:18,040 Speaker 8: open minded and liberal direction. We're seeing the clear opposite 427 00:19:18,080 --> 00:19:20,000 Speaker 8: taking place in front of our eyes, in which they 428 00:19:20,080 --> 00:19:24,480 Speaker 8: just selected a person who simpleism is to show defiance 429 00:19:24,520 --> 00:19:27,680 Speaker 8: against the United States and anyone who wants to see 430 00:19:27,800 --> 00:19:29,480 Speaker 8: reform take place inside of Iran. 431 00:19:29,840 --> 00:19:32,240 Speaker 2: What does the selection mean for the likelihood that Iran 432 00:19:32,280 --> 00:19:34,080 Speaker 2: would actually pursue a nuclear weapon. 433 00:19:35,240 --> 00:19:37,960 Speaker 8: Well, we have a scenario which the fatwa of the 434 00:19:38,320 --> 00:19:42,240 Speaker 8: Supreme Leader is now essentially gone with the Supreme Leader. 435 00:19:42,280 --> 00:19:45,439 Speaker 8: That is the main interpretation of these fatwas is that 436 00:19:45,480 --> 00:19:48,760 Speaker 8: they only last as long as the Supreme the Ayatola 437 00:19:48,840 --> 00:19:51,159 Speaker 8: who issued them is alive, and then they need to 438 00:19:51,160 --> 00:19:54,080 Speaker 8: be reissued by someone else. I mean, I don't think 439 00:19:54,080 --> 00:19:58,879 Speaker 8: it will be particularly early in his agenda to reissue it, 440 00:19:59,040 --> 00:20:01,199 Speaker 8: and there may be a from amount of pressure on 441 00:20:01,320 --> 00:20:04,199 Speaker 8: him not to do so because I think, you know, 442 00:20:04,320 --> 00:20:06,640 Speaker 8: the shift in mood in Iran. 443 00:20:06,440 --> 00:20:07,679 Speaker 9: Is very very clear. 444 00:20:08,000 --> 00:20:11,080 Speaker 8: There's a lot of argumentation that this was a mistake 445 00:20:11,160 --> 00:20:13,680 Speaker 8: for them not to build it. I don't necessarily think 446 00:20:13,680 --> 00:20:16,840 Speaker 8: that the capacity to do so without being de ticted, 447 00:20:16,920 --> 00:20:19,560 Speaker 8: et cetera, et cetera really was there. But I think 448 00:20:19,560 --> 00:20:22,639 Speaker 8: there's a strong view in many quarters in Iran that 449 00:20:22,960 --> 00:20:26,520 Speaker 8: the previous Supreme Leader simply wasn't decisive enough to go 450 00:20:26,640 --> 00:20:29,440 Speaker 8: in either direction. He didn't build a bomb, and at 451 00:20:29,440 --> 00:20:31,359 Speaker 8: the same time, he was not willing to do the 452 00:20:31,440 --> 00:20:34,840 Speaker 8: kind of full scale engagement with the United States to 453 00:20:34,840 --> 00:20:38,120 Speaker 8: get a deal done because he kept on refusing allowing 454 00:20:38,160 --> 00:20:41,439 Speaker 8: any Iranian officials to directly speak to Trump, which I 455 00:20:41,440 --> 00:20:44,280 Speaker 8: think was a mistake that is now, all you know, 456 00:20:44,760 --> 00:20:48,480 Speaker 8: extremely unlikely to happen. I fear very much that the 457 00:20:48,520 --> 00:20:53,800 Speaker 8: selection of Harmony Sun now means that any exit ramp 458 00:20:54,160 --> 00:20:59,960 Speaker 8: that potentially was available is even more difficult to materialize. 459 00:21:00,080 --> 00:21:00,240 Speaker 9: Now. 460 00:21:00,280 --> 00:21:05,960 Speaker 8: Trump could potentially just choose to the clear victory walk 461 00:21:06,000 --> 00:21:08,439 Speaker 8: away and say, look, I killed the Supreme Leader, I 462 00:21:08,480 --> 00:21:11,159 Speaker 8: destroyed so much of their nuclear program, so much of 463 00:21:11,160 --> 00:21:14,399 Speaker 8: their missile program. The country has been set back ten years, 464 00:21:14,400 --> 00:21:17,119 Speaker 8: he said, and just declear victory and leave it. I 465 00:21:17,160 --> 00:21:19,800 Speaker 8: don't think it would end there, because from the standpoint 466 00:21:19,840 --> 00:21:23,680 Speaker 8: of the ivunience, if that were to happen, they would 467 00:21:23,720 --> 00:21:25,919 Speaker 8: actually be in a much worse situation compared to the 468 00:21:25,960 --> 00:21:28,919 Speaker 8: beginning of the war, because the country is destroyed. They 469 00:21:28,920 --> 00:21:32,520 Speaker 8: can hardly export any oil, they can't get any cash, 470 00:21:32,680 --> 00:21:34,320 Speaker 8: and no one's going to come in from the outside 471 00:21:34,359 --> 00:21:37,399 Speaker 8: to rebuild the country, and their pathway toward Centcrius relief 472 00:21:37,440 --> 00:21:40,680 Speaker 8: is essentially blown up. So I don't think that's an 473 00:21:40,720 --> 00:21:43,760 Speaker 8: acceptable situation for them. I suspect that they actually would 474 00:21:43,760 --> 00:21:46,760 Speaker 8: continue the war even if Trump pulls out. They would 475 00:21:46,760 --> 00:21:49,480 Speaker 8: continue to target GCC states, they would continue. 476 00:21:49,160 --> 00:21:50,040 Speaker 9: To target Israel. 477 00:21:50,520 --> 00:21:52,719 Speaker 8: I think they're going to fight until they get an 478 00:21:52,800 --> 00:21:55,800 Speaker 8: outcome that they believe also puts them not necessarily in 479 00:21:55,880 --> 00:21:59,360 Speaker 8: a better position, but in one in which their prospects 480 00:21:59,400 --> 00:22:02,159 Speaker 8: of getting to better position is great, and meaning that 481 00:22:02,200 --> 00:22:05,560 Speaker 8: there is some sort of an arrangement indirectly or directly 482 00:22:05,600 --> 00:22:08,240 Speaker 8: with the United States, when some sanctions relief, the country 483 00:22:08,280 --> 00:22:11,440 Speaker 8: can be built up again, they can sell their order, etc. 484 00:22:12,680 --> 00:22:15,120 Speaker 8: And that at this point they've lost so much they 485 00:22:15,119 --> 00:22:18,040 Speaker 8: have nothing to lose to go even further, and trying 486 00:22:18,080 --> 00:22:20,439 Speaker 8: to make sure that they use their last resources in 487 00:22:20,480 --> 00:22:22,840 Speaker 8: order to be able to turn the tables around, which 488 00:22:22,880 --> 00:22:25,400 Speaker 8: is kind of the same situation Trump isn't. I think 489 00:22:25,440 --> 00:22:28,359 Speaker 8: he realizes that this was a huge mistake. He's lost 490 00:22:28,400 --> 00:22:31,400 Speaker 8: and he's not desperately trying to turn the tables, turn 491 00:22:31,480 --> 00:22:36,479 Speaker 8: this failure into a victory before the market crashes and 492 00:22:36,560 --> 00:22:39,560 Speaker 8: his own base turns against this war. His own base 493 00:22:39,600 --> 00:22:41,840 Speaker 8: has not quite yet turned against the war, at least 494 00:22:41,880 --> 00:22:44,240 Speaker 8: not in a very forceful way. So I think he 495 00:22:44,320 --> 00:22:46,920 Speaker 8: thinks he still has some time, and he's throwing everything 496 00:22:46,960 --> 00:22:49,399 Speaker 8: at the Vonians in the hope of turning this defeat 497 00:22:49,400 --> 00:22:50,119 Speaker 8: into a victory. 498 00:22:50,280 --> 00:22:51,440 Speaker 1: Yeah, very good point. 499 00:22:51,440 --> 00:22:53,679 Speaker 3: Now, we did originally want to talk to you about 500 00:22:53,720 --> 00:22:57,600 Speaker 3: some of this failed diplomacy and potential offerances you're talking about. 501 00:22:57,680 --> 00:22:59,680 Speaker 3: Let's put this up here on the screen. It all 502 00:22:59,760 --> 00:23:03,680 Speaker 3: kicked off with a very interesting statement over the weekend 503 00:23:03,760 --> 00:23:07,760 Speaker 3: where the Iranian Interim Leadership Council approved that neighboring countries 504 00:23:07,800 --> 00:23:11,080 Speaker 3: would no longer be attacked unless an attack on Iran 505 00:23:11,240 --> 00:23:15,080 Speaker 3: originated from them. This was seen as a potential off 506 00:23:15,200 --> 00:23:17,960 Speaker 3: ramp where they said, look, you don't use bases to 507 00:23:18,000 --> 00:23:21,560 Speaker 3: attack us, that we won't attack you. However, Trump immediately 508 00:23:21,600 --> 00:23:23,720 Speaker 3: then came out and let's go to the next one, guys, 509 00:23:23,880 --> 00:23:26,400 Speaker 3: where he said Iran, which is being beat to hell, 510 00:23:26,480 --> 00:23:30,000 Speaker 3: has apologized and surrendered to its Middle Eastern neighbors, promised 511 00:23:30,000 --> 00:23:32,120 Speaker 3: they won't shoot at them anymore. The promise was made 512 00:23:32,160 --> 00:23:35,439 Speaker 3: only because of an Israeli attack. Your analysis is that 513 00:23:35,560 --> 00:23:39,520 Speaker 3: his immediate shootdown of that potential off ramp immediately actually 514 00:23:39,560 --> 00:23:41,080 Speaker 3: re escalated the situation. 515 00:23:41,119 --> 00:23:41,960 Speaker 1: Can you get into it. 516 00:23:42,560 --> 00:23:45,639 Speaker 8: Yeah, So there was very sense that negotiations taking place 517 00:23:45,720 --> 00:23:49,600 Speaker 8: initiated by regional states, the Iranians had come to an 518 00:23:49,600 --> 00:23:52,480 Speaker 8: agreement with them that there would be a movement towards 519 00:23:52,800 --> 00:23:57,080 Speaker 8: not targeting them unless actually their sword was used for attacks, 520 00:23:57,080 --> 00:23:58,399 Speaker 8: and in some cases they happened. 521 00:23:59,440 --> 00:24:02,440 Speaker 9: This started often with this video. 522 00:24:02,200 --> 00:24:05,560 Speaker 8: Message by Posiskion in which he actually went further than 523 00:24:05,560 --> 00:24:07,800 Speaker 8: what had been agreed upon within the Iranian system. He 524 00:24:07,880 --> 00:24:11,080 Speaker 8: issued a personal apology, which of course took all the headlines. 525 00:24:11,480 --> 00:24:15,720 Speaker 8: This actually generated a tremendous amount of anger within the 526 00:24:15,760 --> 00:24:17,879 Speaker 8: Iranian system against him, and he came out and kind 527 00:24:17,920 --> 00:24:21,520 Speaker 8: of retracted it and said that he was misunderstood. But 528 00:24:21,800 --> 00:24:23,840 Speaker 8: and the next step was then for some of these 529 00:24:23,880 --> 00:24:27,399 Speaker 8: GCC states to observe what happens. Well, the Iranians actually 530 00:24:27,440 --> 00:24:30,080 Speaker 8: implement that and then issued their own state. Then they 531 00:24:30,119 --> 00:24:33,480 Speaker 8: would take a couple of hours in between. Trump comes 532 00:24:33,480 --> 00:24:35,560 Speaker 8: with this truth social and as you see there he 533 00:24:35,680 --> 00:24:38,119 Speaker 8: insults Iran, he humiliates Iran, and then he says that 534 00:24:38,200 --> 00:24:41,159 Speaker 8: Yvon will be hit very hard today. And only a 535 00:24:41,200 --> 00:24:44,520 Speaker 8: short period after that, the United States hit the desalination 536 00:24:44,800 --> 00:24:49,200 Speaker 8: planned in Veshma Island, which is a major, major escalation. 537 00:24:49,640 --> 00:24:53,040 Speaker 8: It's also a violation of Article fifty four of the 538 00:24:53,119 --> 00:24:58,879 Speaker 8: Geneva Conventions Protocol one. So immediately after that, the Irani 539 00:24:58,960 --> 00:25:02,159 Speaker 8: started pounding g SEC states as well as Israel, and 540 00:25:02,200 --> 00:25:03,720 Speaker 8: this whole thing just fell apart. 541 00:25:03,920 --> 00:25:05,720 Speaker 9: Now it is not entirely clear to me. 542 00:25:05,800 --> 00:25:07,399 Speaker 8: I've not been able to get to the bottom of 543 00:25:07,440 --> 00:25:10,879 Speaker 8: this as to whether Trump did this deliberately because he 544 00:25:10,960 --> 00:25:15,480 Speaker 8: wanted to sabotage that mediation effort, or whether this was 545 00:25:15,520 --> 00:25:19,280 Speaker 8: something that essentially further reflects that the US government is 546 00:25:19,280 --> 00:25:22,560 Speaker 8: somewhat in this array. That the GCC states had informed 547 00:25:22,600 --> 00:25:24,960 Speaker 8: the US of this deal, informed them of the status 548 00:25:24,960 --> 00:25:28,320 Speaker 8: of these negotiations, but Trump was not in the loop 549 00:25:28,480 --> 00:25:32,199 Speaker 8: or didn't care, didn't understand that. Him coming out and 550 00:25:32,320 --> 00:25:34,520 Speaker 8: issuing this tweet and going forward with this attack with 551 00:25:34,640 --> 00:25:39,040 Speaker 8: completely destroy matters. But this is what happened, and the 552 00:25:39,200 --> 00:25:42,200 Speaker 8: fact is that this diplomacy collapsed. Now, I do believe 553 00:25:42,200 --> 00:25:44,280 Speaker 8: that there's some other efforts being made right now to 554 00:25:44,640 --> 00:25:49,080 Speaker 8: resurrect it. But it tells you how delicate the situation 555 00:25:49,359 --> 00:25:53,119 Speaker 8: is and how problematic it is if the United States 556 00:25:53,200 --> 00:25:54,880 Speaker 8: is really just improvising this. 557 00:25:54,800 --> 00:25:55,520 Speaker 9: War at this point. 558 00:25:55,760 --> 00:25:59,280 Speaker 2: Yeah, and then Israel, of course directly interested in broadening 559 00:25:59,280 --> 00:26:02,159 Speaker 2: this war as much as they possibly can and seeming to. 560 00:26:02,200 --> 00:26:04,320 Speaker 2: We just talked about how they were blaming the UAE 561 00:26:04,480 --> 00:26:08,280 Speaker 2: for this during strike on the desalination plant in Iran, 562 00:26:08,359 --> 00:26:10,960 Speaker 2: Yua saying that is not true at all. But you 563 00:26:10,960 --> 00:26:12,720 Speaker 2: can see the incentives there of Israel, And we could 564 00:26:12,720 --> 00:26:15,680 Speaker 2: put D four up on the screen. This is one 565 00:26:15,680 --> 00:26:18,960 Speaker 2: of the strikes that happened from Iran shortly after this 566 00:26:19,640 --> 00:26:23,600 Speaker 2: attempted diplomacy fell apart. That is Dubai International Airport. That 567 00:26:23,680 --> 00:26:25,240 Speaker 2: is I mean, I'm sure all three of us have 568 00:26:25,320 --> 00:26:27,080 Speaker 2: been there multiple times. 569 00:26:27,160 --> 00:26:29,240 Speaker 1: That was a jet fuel hangar too. 570 00:26:29,240 --> 00:26:32,679 Speaker 2: And yeah, to see this is pretty astonishing, busiest airport 571 00:26:32,680 --> 00:26:35,520 Speaker 2: in the world, at least it was. And meanwhile, on 572 00:26:35,560 --> 00:26:38,280 Speaker 2: the escalation frontlet's put D five up on the screen. 573 00:26:38,400 --> 00:26:41,000 Speaker 2: US is deploying yet another so this will be the 574 00:26:41,040 --> 00:26:43,160 Speaker 2: third one carrier strike. 575 00:26:42,920 --> 00:26:44,959 Speaker 7: Group to the Middle East. 576 00:26:45,400 --> 00:26:48,760 Speaker 2: Just an extraordinary amount of firepower being amassed in the region, 577 00:26:48,920 --> 00:26:51,280 Speaker 2: So it looks like this thing is only going in 578 00:26:51,320 --> 00:26:53,879 Speaker 2: one direction and it is not towards an off ramp. 579 00:26:54,240 --> 00:26:54,800 Speaker 9: Sotinly true. 580 00:26:54,800 --> 00:26:57,960 Speaker 8: And I think what you said about there Isel's constant 581 00:26:58,000 --> 00:27:01,680 Speaker 8: messaging that this was done by Bahre nobody ue has 582 00:27:01,840 --> 00:27:06,600 Speaker 8: infuriated these states because it's so clear the Israelis want 583 00:27:06,640 --> 00:27:11,080 Speaker 8: these GCC states to fully enter this war because not 584 00:27:11,200 --> 00:27:14,760 Speaker 8: that that makes a huge military difference, but because it 585 00:27:15,000 --> 00:27:19,199 Speaker 8: further ruins Iran GCC relations for decades to come. What 586 00:27:19,240 --> 00:27:21,760 Speaker 8: the Iranians are doing already now, it's going to create 587 00:27:21,760 --> 00:27:24,840 Speaker 8: a tremendous amount of problems between the GCC and Iran 588 00:27:24,920 --> 00:27:29,359 Speaker 8: going forward. There's a lot of anger obviously against the Iranians 589 00:27:29,359 --> 00:27:32,680 Speaker 8: and the GCC, particularly among six states that went out 590 00:27:32,720 --> 00:27:34,720 Speaker 8: of their way to make sure that this war was 591 00:27:34,760 --> 00:27:37,760 Speaker 8: prevented and there still trying to stop it. But what 592 00:27:37,800 --> 00:27:39,840 Speaker 8: the Israelis are doing is that they're trying to get 593 00:27:39,920 --> 00:27:42,639 Speaker 8: everyone directly involved in this conflict in order to make 594 00:27:42,680 --> 00:27:45,480 Speaker 8: sure that even once this is over, Iran's relations with 595 00:27:45,560 --> 00:27:47,359 Speaker 8: these states are going to be in a terrible state 596 00:27:47,680 --> 00:27:51,040 Speaker 8: for decades to come. We also have if I could 597 00:27:51,080 --> 00:27:53,200 Speaker 8: just add one thing, as much as we're talking about 598 00:27:53,240 --> 00:27:55,760 Speaker 8: like this war is you know, Trump is improvising it. 599 00:27:55,840 --> 00:27:58,120 Speaker 8: He's lost control. I think we have to be clear 600 00:27:58,160 --> 00:28:02,440 Speaker 8: that from the Israeli standpoint, this is a splendid success. 601 00:28:03,200 --> 00:28:06,119 Speaker 8: It doesn't matter to them if it's much Tabo or 602 00:28:06,200 --> 00:28:08,440 Speaker 8: it's Hassan or whoever it is that becomes the next 603 00:28:08,480 --> 00:28:11,040 Speaker 8: Supreme leader. None of these things are important. What's important 604 00:28:11,080 --> 00:28:14,040 Speaker 8: for them is that the country is being bombed to smithers, 605 00:28:14,440 --> 00:28:17,879 Speaker 8: that their power is being set back decades, that the 606 00:28:17,960 --> 00:28:20,959 Speaker 8: balance is going to be shifting in Israel's direction at 607 00:28:21,000 --> 00:28:24,400 Speaker 8: the end of this Regardless of exactly how it ends politically, 608 00:28:24,640 --> 00:28:28,560 Speaker 8: the way it ends militarily is that Evan's resources are 609 00:28:28,560 --> 00:28:31,840 Speaker 8: not really being drained in its military capabilities are even 610 00:28:31,880 --> 00:28:34,560 Speaker 8: though they may, I don't think they will at all surrender, 611 00:28:34,640 --> 00:28:37,520 Speaker 8: Even if that is not a surrender that it ends with. Militarily, 612 00:28:37,560 --> 00:28:40,640 Speaker 8: their capabilities will be set back dramatically, and that shifts 613 00:28:40,640 --> 00:28:43,680 Speaker 8: the balance of power in Israel's direction, which is exactly 614 00:28:43,720 --> 00:28:44,600 Speaker 8: what they're looking for. 615 00:28:44,720 --> 00:28:46,600 Speaker 9: It just so happens to be that the United States 616 00:28:46,720 --> 00:28:47,480 Speaker 9: is paying for all of it. 617 00:28:47,720 --> 00:28:49,720 Speaker 3: Right, They don't care at all about a stabile right 618 00:28:49,720 --> 00:28:51,680 Speaker 3: in fact, they don't want Iran to be stable. They 619 00:28:51,720 --> 00:28:53,920 Speaker 3: don't even care about American gas prices, they don't care 620 00:28:53,920 --> 00:28:57,400 Speaker 3: about American lives. They care least about the GCC countries. 621 00:28:57,400 --> 00:28:59,920 Speaker 3: We're the only ones that have any interest. Oh, Asian 622 00:29:00,000 --> 00:29:02,480 Speaker 3: markets are tumbling, boohoo. You know they could care less. 623 00:29:02,720 --> 00:29:04,760 Speaker 3: One of the things we've also seen, though, is the 624 00:29:04,880 --> 00:29:08,840 Speaker 3: explosion of civil conflict in Iraq. Let's go ahead and 625 00:29:08,840 --> 00:29:12,400 Speaker 3: put D six up here on the screen where we've 626 00:29:12,440 --> 00:29:15,680 Speaker 3: seen Iraqi resistance units who are in direct contact. This 627 00:29:15,840 --> 00:29:18,959 Speaker 3: was a claim with US forces. Hasn't been exactly confirmed, 628 00:29:18,960 --> 00:29:20,800 Speaker 3: but we definitely know that there's a lot of stuff 629 00:29:20,920 --> 00:29:24,680 Speaker 3: going on in and around Iraq where there's been significant consternation. 630 00:29:25,080 --> 00:29:27,600 Speaker 1: What is the possibility You've talked about. 631 00:29:27,360 --> 00:29:30,440 Speaker 3: This on the show before, about resistance in Bahrain with 632 00:29:30,480 --> 00:29:33,760 Speaker 3: the Shia population in Iraq, attacks potentially there and a 633 00:29:33,800 --> 00:29:37,440 Speaker 3: broadening of some sort of like Arab Spring style uprising 634 00:29:37,520 --> 00:29:39,560 Speaker 3: in the middle of all this conflict if it continues 635 00:29:39,600 --> 00:29:40,080 Speaker 3: to blast. 636 00:29:40,840 --> 00:29:44,040 Speaker 8: We don't know quite yet exactly how strong the Iranian 637 00:29:44,800 --> 00:29:48,440 Speaker 8: intelligence capabilities are. I mean, clearly they have capabilities, but 638 00:29:48,480 --> 00:29:52,360 Speaker 8: their ability to actually ferment them unrest or support it 639 00:29:52,920 --> 00:29:55,720 Speaker 8: in Saudi Arabia and the eastern provinces, or in Bayhra, 640 00:29:55,800 --> 00:30:00,160 Speaker 8: and we've already seen some sporadic spontaneous protests, particularly by 641 00:30:00,200 --> 00:30:03,920 Speaker 8: her in early on, So that is an unknown, but 642 00:30:03,960 --> 00:30:07,200 Speaker 8: we definitely know that in Iraq there are plenty of 643 00:30:07,400 --> 00:30:10,280 Speaker 8: armed militias that are still quite loyal to Iran. 644 00:30:10,480 --> 00:30:11,640 Speaker 9: They believe that. 645 00:30:12,920 --> 00:30:15,520 Speaker 8: Particularly if the curves were to go in, I think 646 00:30:15,560 --> 00:30:19,160 Speaker 8: that definitely would have activated these other Iraqi militias against this, 647 00:30:19,560 --> 00:30:21,880 Speaker 8: and all of Iraq would have been once again being thrown 648 00:30:21,880 --> 00:30:24,479 Speaker 8: into some form of a civil war. So you know, 649 00:30:24,720 --> 00:30:27,560 Speaker 8: the idea that this would be quick, that this would 650 00:30:27,600 --> 00:30:30,680 Speaker 8: just entail Iran, all of that was disproven within the 651 00:30:30,680 --> 00:30:33,040 Speaker 8: first forty eight hours. But it can still get much 652 00:30:33,120 --> 00:30:36,440 Speaker 8: much worse than what we already have seen, particularly if 653 00:30:36,480 --> 00:30:39,200 Speaker 8: those groups are activated. We're already seen that there's open 654 00:30:39,240 --> 00:30:42,560 Speaker 8: fighting now between Hezbela and Lebanon, and of course the 655 00:30:42,640 --> 00:30:46,440 Speaker 8: Houtis are still sitting tight, whether they're sitting tight as 656 00:30:46,520 --> 00:30:49,040 Speaker 8: a warning to Saudi Arabia not to enter the war 657 00:30:49,080 --> 00:30:51,560 Speaker 8: and they would only go in if the Saudis going, 658 00:30:52,320 --> 00:30:55,880 Speaker 8: or whether they're waiting for a moment in which the 659 00:30:56,560 --> 00:30:59,560 Speaker 8: chalkpoint in the Strait of Hormos is becoming really really high, 660 00:30:59,560 --> 00:31:02,760 Speaker 8: and then add another problem to it by closing down 661 00:31:02,760 --> 00:31:05,240 Speaker 8: the Red Sea again, which would really just be devastating 662 00:31:05,280 --> 00:31:08,000 Speaker 8: to the entire global economy. It doesn't remain clear to 663 00:31:08,040 --> 00:31:10,520 Speaker 8: me exactly what the strategy is, but I think it's 664 00:31:10,640 --> 00:31:12,920 Speaker 8: very interesting that so far they've been sitting time. But 665 00:31:13,520 --> 00:31:15,520 Speaker 8: I don't think that that is because they don't have 666 00:31:15,600 --> 00:31:17,960 Speaker 8: the capability or the willingness to get in. It seems 667 00:31:18,000 --> 00:31:21,479 Speaker 8: to be a much more complex calculation that they have 668 00:31:21,600 --> 00:31:23,720 Speaker 8: that is all about timing rather than willingness. 669 00:31:23,840 --> 00:31:25,160 Speaker 7: I agree, Leslie. 670 00:31:25,200 --> 00:31:26,960 Speaker 2: Let's put this piece of news up on the screen. 671 00:31:27,040 --> 00:31:30,520 Speaker 2: Saudi American diplomats in Saudi Arabia have been ordered to 672 00:31:30,960 --> 00:31:34,520 Speaker 2: leave State Department side to order diplomats to go. Order 673 00:31:34,560 --> 00:31:37,520 Speaker 2: departure of US employees and the Kingdom indicates senior diplomats 674 00:31:37,560 --> 00:31:40,440 Speaker 2: are bracing for possible search in violence in the war 675 00:31:40,640 --> 00:31:41,280 Speaker 2: with Iran. 676 00:31:41,480 --> 00:31:42,800 Speaker 7: What do you make of this development? 677 00:31:43,280 --> 00:31:44,160 Speaker 9: It shows that. 678 00:31:44,080 --> 00:31:46,480 Speaker 8: At this point the Iranians are the ones that are 679 00:31:46,520 --> 00:31:50,200 Speaker 8: determining the geography of this war. They have already been 680 00:31:50,240 --> 00:31:54,440 Speaker 8: able to hit major CIA stations inside of some of 681 00:31:54,480 --> 00:31:58,360 Speaker 8: the GCC states. They have also then later on identified 682 00:31:58,440 --> 00:32:03,720 Speaker 8: where those CIA personnel moved and they hit those places. 683 00:32:04,200 --> 00:32:07,520 Speaker 8: So their ability to strike, particularly with these drones that 684 00:32:07,560 --> 00:32:10,440 Speaker 8: are not being picked up by the air defense systems 685 00:32:10,440 --> 00:32:13,000 Speaker 8: in the same way precisely because they're moving so slowly. 686 00:32:13,560 --> 00:32:14,200 Speaker 9: If they were. 687 00:32:14,040 --> 00:32:17,320 Speaker 8: Moving faster, they actually would have been detected, has given 688 00:32:17,360 --> 00:32:21,320 Speaker 8: the Iranians a significant benefit. Saudi Arabia and the GCC 689 00:32:21,440 --> 00:32:24,800 Speaker 8: states are not asking Ukraine for help because the Ukrainians 690 00:32:24,840 --> 00:32:27,080 Speaker 8: have now four years of experienced dealing with some of 691 00:32:27,120 --> 00:32:30,920 Speaker 8: these drones that the Iranians are using. So we're seeing 692 00:32:30,960 --> 00:32:34,560 Speaker 8: I mean, this war is just expanding, it is providing 693 00:32:34,600 --> 00:32:37,280 Speaker 8: a tremendous amount of cost. But I do think that 694 00:32:37,320 --> 00:32:41,880 Speaker 8: the Trump administration has managed to keep the cost of 695 00:32:41,920 --> 00:32:45,640 Speaker 8: this war rather hidden from the American public, not just 696 00:32:45,680 --> 00:32:48,480 Speaker 8: in terms of the tremendous amount of money that is 697 00:32:48,520 --> 00:32:52,080 Speaker 8: being spent, but also the tremendous amount of facilities that 698 00:32:52,120 --> 00:32:57,680 Speaker 8: are being destroyed. We're talking about some fad radar detectors 699 00:32:57,680 --> 00:32:59,800 Speaker 8: that cost up to one billion dollars that have been 700 00:32:59,800 --> 00:33:02,760 Speaker 8: this Jordan will take years to rebuild. But also do 701 00:33:02,920 --> 00:33:05,720 Speaker 8: note that the administration is not saying a word about 702 00:33:05,720 --> 00:33:08,760 Speaker 8: the number of casualties. You have mentioned the number of dead, 703 00:33:09,240 --> 00:33:10,600 Speaker 8: not the number of casualties. 704 00:33:10,680 --> 00:33:13,160 Speaker 3: Yes, yeah, great point, and all I mean not to mention. 705 00:33:13,360 --> 00:33:17,760 Speaker 3: Even every day I read about some Pakistani laborer who 706 00:33:17,880 --> 00:33:22,240 Speaker 3: got killed, or heard multiple people in Bahrain and Kuwait. 707 00:33:22,320 --> 00:33:25,320 Speaker 3: I mean there's a lot of civilians who've been caught up, 708 00:33:25,440 --> 00:33:29,200 Speaker 3: and then that in Tehran. God only knows the number 709 00:33:29,200 --> 00:33:32,040 Speaker 3: of people who've been killed, probably in the thousands at 710 00:33:32,040 --> 00:33:32,320 Speaker 3: this point. 711 00:33:32,320 --> 00:33:35,080 Speaker 1: Absolutely such a disaster. Thank you very much, sir. I'm 712 00:33:35,080 --> 00:33:35,960 Speaker 1: sure we'll see you again. 713 00:33:36,480 --> 00:33:37,719 Speaker 9: Thank you so much for having me. 714 00:33:40,880 --> 00:33:43,640 Speaker 2: So we wanted to ask in this show just how 715 00:33:43,680 --> 00:33:46,520 Speaker 2: bad are things and just how bad could things get. 716 00:33:46,560 --> 00:33:49,080 Speaker 2: Professor Jeffrey Sachs, who you know we've had on this 717 00:33:49,120 --> 00:33:51,520 Speaker 2: program a number of times, was speaking to Glenn Deeson 718 00:33:51,560 --> 00:33:54,160 Speaker 2: over on his YouTube program, and he said that he 719 00:33:54,240 --> 00:33:57,320 Speaker 2: believes we are already in the early stages of World 720 00:33:57,400 --> 00:33:57,800 Speaker 2: War three. 721 00:33:57,960 --> 00:33:59,080 Speaker 7: Let's go ahead and take a listen to. 722 00:33:59,000 --> 00:34:04,560 Speaker 10: That is Real is a crazy rogue state with the 723 00:34:04,920 --> 00:34:09,480 Speaker 10: half its political leadership in the mindset of the fifth 724 00:34:09,480 --> 00:34:18,440 Speaker 10: century BC reading some text from King Josiah. 725 00:34:16,600 --> 00:34:16,839 Speaker 2: And. 726 00:34:18,360 --> 00:34:25,080 Speaker 10: There Israel has just plunged the world into probably the 727 00:34:25,120 --> 00:34:30,080 Speaker 10: third World war, but into a phenomenal economic crisis. This 728 00:34:30,200 --> 00:34:36,719 Speaker 10: is the timing. The instigation is Israel's. The fact that 729 00:34:36,760 --> 00:34:39,560 Speaker 10: the US goes along with it is because it's completely 730 00:34:39,600 --> 00:34:45,040 Speaker 10: coherent with the US hegemonic project. But this is Israel 731 00:34:46,600 --> 00:34:51,640 Speaker 10: complete madness, and because of the whold of the Israel 732 00:34:51,680 --> 00:34:56,880 Speaker 10: lobby in the United States, that madness isn't even examined. 733 00:34:57,360 --> 00:34:59,279 Speaker 2: I don't want to be alarmist, but I also want 734 00:34:59,280 --> 00:35:01,719 Speaker 2: to be clear eye about where we are and where 735 00:35:01,760 --> 00:35:04,120 Speaker 2: this could go. And already we have we can put 736 00:35:04,160 --> 00:35:06,920 Speaker 2: the next piece up on the screen. We have reports 737 00:35:06,960 --> 00:35:11,200 Speaker 2: that Russia is providing Aroun with intel, which makes perfect 738 00:35:11,280 --> 00:35:14,000 Speaker 2: sense about the locations and movements of American troop ships 739 00:35:14,000 --> 00:35:17,400 Speaker 2: and aircraft, according to multiple people familiar with US intelligence 740 00:35:17,400 --> 00:35:19,920 Speaker 2: reporting on the issue. In the same way we viewed 741 00:35:20,120 --> 00:35:23,760 Speaker 2: Russia's invasion of Ukraine as an opportunity, Hey, let's get involved, 742 00:35:23,840 --> 00:35:25,960 Speaker 2: Let's do a proxy war. Maybe we can hurt Russia, 743 00:35:26,000 --> 00:35:28,759 Speaker 2: maybe we can degrade their capability. They are viewing this 744 00:35:29,000 --> 00:35:33,640 Speaker 2: as a similar opportunity. In addition, US also has intelligence 745 00:35:33,640 --> 00:35:36,120 Speaker 2: suggesting I'm reading from the CNN report that China may 746 00:35:36,160 --> 00:35:39,880 Speaker 2: be preparing to provide Iran with financial assistance, spare parts 747 00:35:39,880 --> 00:35:42,439 Speaker 2: and missile components. Three people familiar with the matter said, 748 00:35:42,480 --> 00:35:45,120 Speaker 2: though Beijing has stayed out of the war up until now, 749 00:35:45,320 --> 00:35:48,000 Speaker 2: China relies heavily on Irani and oil, and has reportedly 750 00:35:48,000 --> 00:35:50,839 Speaker 2: been pressuring Tehran to allow safe passage for vessels through 751 00:35:50,840 --> 00:35:54,520 Speaker 2: the straight over moves. So we have directly impacted their 752 00:35:54,600 --> 00:35:57,439 Speaker 2: interests in terms of their energy landscape. Although I don't 753 00:35:57,440 --> 00:36:00,440 Speaker 2: want to overstate that, because China I think some ten 754 00:36:00,480 --> 00:36:04,799 Speaker 2: to fifteen percent of their oil comes from Iran, so 755 00:36:05,200 --> 00:36:07,279 Speaker 2: you know, it's not great for them, but it's not 756 00:36:07,360 --> 00:36:10,000 Speaker 2: a total incomplete disaster the way that it has been portrayed. 757 00:36:10,000 --> 00:36:11,319 Speaker 2: I mean, the people who are arguing, a, oh, this 758 00:36:11,360 --> 00:36:13,879 Speaker 2: is all about hurting China. This is all about hurting China. 759 00:36:13,960 --> 00:36:16,799 Speaker 2: The math doesn't really math when you consider that the 760 00:36:16,880 --> 00:36:18,840 Speaker 2: country that is being you know, one of the countries 761 00:36:18,880 --> 00:36:21,000 Speaker 2: that is being hardest hit by this is US, their 762 00:36:21,040 --> 00:36:24,600 Speaker 2: geopolitical rival. So when you look at that, when you 763 00:36:24,640 --> 00:36:26,800 Speaker 2: look at the fact we're already in this proxy conflict 764 00:36:26,800 --> 00:36:29,279 Speaker 2: in Ukraine with Russia, when you look at you know, 765 00:36:29,360 --> 00:36:31,759 Speaker 2: you've got a proxy conflict going on in Sudan as well. 766 00:36:32,120 --> 00:36:36,239 Speaker 2: Obviously we're you know in our own hemisphere, Venezuela, you know, 767 00:36:36,560 --> 00:36:40,399 Speaker 2: kidnapping Maduro and quote unquote taking over there. Now we're 768 00:36:40,520 --> 00:36:44,560 Speaker 2: belligerently threatening Cuba as well. It does have some of 769 00:36:44,600 --> 00:36:49,000 Speaker 2: the ingredients, and especially with the uncontrolled escalation spiral that 770 00:36:49,040 --> 00:36:52,279 Speaker 2: we're already in, it does have some of the ingredients 771 00:36:52,400 --> 00:36:55,279 Speaker 2: of a broader conflagration, especially when you add on the 772 00:36:55,280 --> 00:36:57,640 Speaker 2: table the possibility of deployment of nuclear weapons, which I 773 00:36:57,640 --> 00:36:59,080 Speaker 2: don't think either one of us can rule out. 774 00:36:59,120 --> 00:37:01,440 Speaker 3: I mean, I wouldn't put it's zero, which is scary enough. 775 00:37:01,800 --> 00:37:03,440 Speaker 3: I don't know what five what are you at? I'm 776 00:37:03,480 --> 00:37:05,600 Speaker 3: at like three percent, which is I mean, it's too high. 777 00:37:05,920 --> 00:37:08,160 Speaker 7: World War three, okay, but. 778 00:37:08,360 --> 00:37:09,880 Speaker 1: Let's talk about the whole World War thing. 779 00:37:10,000 --> 00:37:13,080 Speaker 3: So even when people say world War three, the expectation 780 00:37:13,160 --> 00:37:14,840 Speaker 3: of World War three is just going to look like 781 00:37:14,840 --> 00:37:15,520 Speaker 3: World War two. 782 00:37:15,560 --> 00:37:18,280 Speaker 1: World World War two looked nothing like World War One, okay. 783 00:37:18,480 --> 00:37:21,080 Speaker 3: So the idea that the new frontier of battle is 784 00:37:21,080 --> 00:37:24,280 Speaker 3: going to look exactly like some carbon copy of something 785 00:37:24,280 --> 00:37:27,080 Speaker 3: that happened eighty years ago is preposterous. It is going 786 00:37:27,080 --> 00:37:29,920 Speaker 3: to look actually exactly like it does right now. You 787 00:37:30,000 --> 00:37:34,800 Speaker 3: and I consider the Ukraine War to be a proxy conflict. Yes, well, okay, 788 00:37:34,880 --> 00:37:38,080 Speaker 3: that is a global conflict because all of NATO, the 789 00:37:38,200 --> 00:37:42,359 Speaker 3: United States sanctions, the entire economic system, all of these 790 00:37:42,480 --> 00:37:45,239 Speaker 3: US institutions which were designed post World War Two were 791 00:37:45,320 --> 00:37:48,600 Speaker 3: leveraged against Russia. That literally, to me is basically warfare. 792 00:37:48,719 --> 00:37:50,400 Speaker 3: You could call it what you want, whether the US 793 00:37:50,440 --> 00:37:52,759 Speaker 3: boots are on the ground, if Russians are providing intelligence, 794 00:37:52,840 --> 00:37:55,000 Speaker 3: it's the same thing. Also, who are we to complain 795 00:37:55,200 --> 00:37:57,680 Speaker 3: how many times do we do battle damage assessments and 796 00:37:58,000 --> 00:38:00,239 Speaker 3: we do more for the Ukrainians of the Russians done 797 00:38:00,280 --> 00:38:02,719 Speaker 3: for Tehran so far, and now we're complaining. 798 00:38:03,040 --> 00:38:04,040 Speaker 1: Good luck selling that. 799 00:38:04,160 --> 00:38:08,840 Speaker 2: I'm club No consider you know, all of the weapons 800 00:38:09,280 --> 00:38:14,319 Speaker 2: and intelligence, intelligence training for years. 801 00:38:13,960 --> 00:38:16,520 Speaker 7: And years and exactly so that we. 802 00:38:16,480 --> 00:38:20,040 Speaker 3: Folk think about, I mean, yeah, exactly like not to 803 00:38:20,080 --> 00:38:22,360 Speaker 3: turn it into a Ukraine thing, but that already was 804 00:38:22,360 --> 00:38:25,120 Speaker 3: a proxy conflict. This is a proxy conflict now, but 805 00:38:25,360 --> 00:38:27,520 Speaker 3: it's got a long history in the post World War 806 00:38:27,600 --> 00:38:30,919 Speaker 3: two era. This is what global conflicts look like. Afghanistan 807 00:38:31,040 --> 00:38:37,640 Speaker 3: became globalized, Vietnam became globalized, Syria globalized, Libya became global 808 00:38:37,719 --> 00:38:41,040 Speaker 3: like every one of these interventions, the Iraq conflict right. 809 00:38:41,320 --> 00:38:44,200 Speaker 3: The war in Iraq was not between the US and Saddam. 810 00:38:44,320 --> 00:38:46,920 Speaker 3: That portion only lasted like three weeks. It was the 811 00:38:47,040 --> 00:38:50,400 Speaker 3: US versus Iran versus all of these other you know, 812 00:38:50,800 --> 00:38:53,839 Speaker 3: during the Syrians, during al Qaeda, like, all of these 813 00:38:53,840 --> 00:38:55,440 Speaker 3: people coming from all over the globe. 814 00:38:55,640 --> 00:38:57,040 Speaker 1: Same in Syria, I mean. 815 00:38:57,200 --> 00:39:02,960 Speaker 3: Qatar, Saudi Arabia, the United States, Israel, has Bola from Labanon, like, 816 00:39:03,200 --> 00:39:06,000 Speaker 3: all of these people were involved. So World War three, 817 00:39:06,320 --> 00:39:08,000 Speaker 3: if you will, is going to look a lot more 818 00:39:08,080 --> 00:39:10,720 Speaker 3: like this because of mutually a short destruction and nuclear 819 00:39:10,760 --> 00:39:13,759 Speaker 3: weapons between the great superpowers. It will look a lot 820 00:39:13,840 --> 00:39:16,439 Speaker 3: more like those conflicts that happened throughout the Cold War. 821 00:39:16,560 --> 00:39:20,479 Speaker 3: That it is less destructive in terms of overall human life. 822 00:39:20,480 --> 00:39:22,719 Speaker 3: But I mean you can still be an abject disaster, 823 00:39:23,160 --> 00:39:25,600 Speaker 3: like how many people died in the wars in Iraq 824 00:39:25,640 --> 00:39:29,200 Speaker 3: and Afghanistan Americans maybe seven thousand, right, I mean there 825 00:39:29,200 --> 00:39:32,200 Speaker 3: were more people killed in a single hour of combat 826 00:39:32,320 --> 00:39:34,560 Speaker 3: in like some of the world wars in that But 827 00:39:34,640 --> 00:39:37,279 Speaker 3: that doesn't mean that the strategic implication was not an 828 00:39:37,320 --> 00:39:39,600 Speaker 3: absolute nightmare for all of us. So I think that's 829 00:39:39,640 --> 00:39:42,440 Speaker 3: why we need to recalibrate some of our expectations I 830 00:39:42,480 --> 00:39:44,200 Speaker 3: don't think Jeffrey Sachs is wrong. 831 00:39:44,280 --> 00:39:46,160 Speaker 1: Really, what I'm the most worried about. 832 00:39:46,000 --> 00:39:48,120 Speaker 3: Is the climb up the escalation ladder, which we talked 833 00:39:48,120 --> 00:39:51,200 Speaker 3: about from oil and to water, because there's no coming 834 00:39:51,239 --> 00:39:54,560 Speaker 3: back from that. Like once you start going after civilian infrastructure, 835 00:39:54,800 --> 00:39:58,279 Speaker 3: it's a disaster because everyone has to fight to the death. 836 00:39:58,280 --> 00:39:59,280 Speaker 1: There's a clip going around. 837 00:39:59,280 --> 00:40:02,880 Speaker 3: I was telling you earlier where Trump said unconditional strender. 838 00:40:02,920 --> 00:40:05,400 Speaker 3: I talked about that with Tucker, and Tucker made a 839 00:40:05,400 --> 00:40:08,680 Speaker 3: comment and he was like, unconditional surrender means that foreign 840 00:40:08,680 --> 00:40:11,799 Speaker 3: troops get to rape your wife and daughter. Provocative, But 841 00:40:12,280 --> 00:40:14,799 Speaker 3: I mean, look at the history of unconditional surrender. That 842 00:40:14,960 --> 00:40:18,880 Speaker 3: is unambiguously true. Randy Fine and Laura luomerol, like Tucker 843 00:40:18,960 --> 00:40:21,160 Speaker 3: says American troops are going to be It's like, that's 844 00:40:21,200 --> 00:40:23,479 Speaker 3: not the point, guys. The point is is that when 845 00:40:23,480 --> 00:40:26,200 Speaker 3: you're faced with that, as the Germans were with the 846 00:40:26,239 --> 00:40:28,239 Speaker 3: Soviet Union, you want to know how many you know, 847 00:40:28,320 --> 00:40:28,759 Speaker 3: not a lot. 848 00:40:28,719 --> 00:40:29,600 Speaker 1: Of people talk about it. 849 00:40:29,600 --> 00:40:31,960 Speaker 3: It's something like two point five million rapes that occurred 850 00:40:32,080 --> 00:40:34,720 Speaker 3: over the battle through the conquest of Germany. 851 00:40:34,800 --> 00:40:38,040 Speaker 1: It's it's dark, like it's really really dark. Jengus Khan. 852 00:40:38,160 --> 00:40:39,720 Speaker 1: That was unconditional surrender. 853 00:40:39,760 --> 00:40:41,560 Speaker 3: And that's the point is that when you impose that 854 00:40:41,800 --> 00:40:44,480 Speaker 3: on a foreign populace, you have to do either what 855 00:40:44,520 --> 00:40:46,640 Speaker 3: the United States or the Union Army did to the 856 00:40:46,680 --> 00:40:49,480 Speaker 3: South during the Civil War is burn their civilian infrastructure 857 00:40:49,480 --> 00:40:51,959 Speaker 3: to the ground, take away all their food. In World 858 00:40:52,040 --> 00:40:55,440 Speaker 3: War Two, literally have to invade and go block by block. 859 00:40:55,520 --> 00:40:58,880 Speaker 3: The Soviet Union, they incurred four hundred thousand casualties in 860 00:40:58,960 --> 00:41:01,160 Speaker 3: nineteen forty five, just in the last six months of 861 00:41:01,200 --> 00:41:03,960 Speaker 3: the war. There are four hundred thousand casualties on the 862 00:41:03,960 --> 00:41:06,400 Speaker 3: front line. Whenever you know, in the Battle of Berlin. 863 00:41:06,520 --> 00:41:09,040 Speaker 3: Think in the United States, how did we get unconditional 864 00:41:09,080 --> 00:41:11,279 Speaker 3: surrender in World War Two? We had to drop two 865 00:41:11,480 --> 00:41:13,640 Speaker 3: atomic bombs to force. 866 00:41:13,400 --> 00:41:15,520 Speaker 7: Them well, and then even know that we had to put. 867 00:41:15,680 --> 00:41:19,359 Speaker 3: Okay, well, use either two atomic bombs, which I mean, 868 00:41:19,400 --> 00:41:22,080 Speaker 3: if you look at the decision matrix, it was either 869 00:41:22,080 --> 00:41:25,680 Speaker 3: two atomic bombs or hundreds of thousands of American casualties. 870 00:41:25,800 --> 00:41:28,000 Speaker 3: There was no other option. That was it if you 871 00:41:28,040 --> 00:41:31,160 Speaker 3: want an unconditional surrender. And even then we still had 872 00:41:31,200 --> 00:41:34,080 Speaker 3: to revise our unconditional surrender to make it so that 873 00:41:34,120 --> 00:41:36,439 Speaker 3: the Emperor could stay as some sort of figurehead. That's 874 00:41:36,440 --> 00:41:39,279 Speaker 3: what it takes to achieve something like this, And that's 875 00:41:39,360 --> 00:41:41,799 Speaker 3: effectively like we're on the road now and it's only 876 00:41:41,880 --> 00:41:42,680 Speaker 3: been eight days. 877 00:41:42,760 --> 00:41:43,719 Speaker 1: Usually it doesn't even take it. 878 00:41:43,760 --> 00:41:45,600 Speaker 3: Usually it takes much longer than this to get to 879 00:41:45,640 --> 00:41:47,120 Speaker 3: some sort of disastrous position. 880 00:41:47,239 --> 00:41:50,480 Speaker 2: Also, you have to think of this from the perspective 881 00:41:50,480 --> 00:41:52,839 Speaker 2: of the rest of the world. Right, it was one 882 00:41:52,840 --> 00:41:55,920 Speaker 2: thing when Trump is like, Okay, we're going to dominate 883 00:41:55,960 --> 00:41:58,759 Speaker 2: our hemisphere. Right, We're gonna do the you know, we're 884 00:41:58,760 --> 00:42:01,200 Speaker 2: gonna do whatever we want. We're going to make sure 885 00:42:01,200 --> 00:42:04,440 Speaker 2: we've installed these puppet regimes where we've kidnapped leaders and we've. 886 00:42:04,280 --> 00:42:06,799 Speaker 7: Brought everybody to heal. We're going to do that. 887 00:42:06,920 --> 00:42:09,480 Speaker 2: And Russia and China you've got your you know, China particularly, 888 00:42:09,480 --> 00:42:10,840 Speaker 2: you've got your spheres of influence. 889 00:42:10,960 --> 00:42:12,839 Speaker 7: You do what you want over that. Okay, that's one thing. 890 00:42:12,960 --> 00:42:15,399 Speaker 1: They love that. That's one they're like, we believe We're like, sure, 891 00:42:15,719 --> 00:42:20,800 Speaker 1: Donroe doctrine. We're cool. Yeah, they're like, then we get Taiwan, right, yeah. 892 00:42:20,719 --> 00:42:24,479 Speaker 2: But now, especially when you consider we've you know, Trump 893 00:42:24,560 --> 00:42:27,440 Speaker 2: has not solved the Ukraine conflict. We are you know, 894 00:42:27,520 --> 00:42:29,719 Speaker 2: in endless war in Ukraine. We are locked in a 895 00:42:29,719 --> 00:42:32,359 Speaker 2: proxy war with Russia and Ukraine. Okay, and now you 896 00:42:32,400 --> 00:42:35,200 Speaker 2: add to the mix. Oh, by the way, we're going 897 00:42:35,280 --> 00:42:39,160 Speaker 2: to destroy Iran. We're going to you know, do regime 898 00:42:39,280 --> 00:42:43,560 Speaker 2: change or collapse the regime or whatever in that recha. Well, 899 00:42:43,560 --> 00:42:47,320 Speaker 2: that's not our hemisphere. It becomes clear that the point 900 00:42:47,360 --> 00:42:50,719 Speaker 2: is to dominate the entire world. The point the response 901 00:42:50,760 --> 00:42:54,239 Speaker 2: from the Trump administration to you know, the the decline 902 00:42:54,480 --> 00:42:57,880 Speaker 2: of our empire and the decline of our superpower status 903 00:42:57,920 --> 00:43:00,799 Speaker 2: as the sole global hedgemon, is not to say, all right, 904 00:43:00,920 --> 00:43:03,480 Speaker 2: let's come to some sort of accommodation with the world. 905 00:43:03,800 --> 00:43:06,080 Speaker 2: The response is no, We're going to have a one 906 00:43:06,120 --> 00:43:08,680 Speaker 2: point five trillion dollar defense budget and we are going 907 00:43:08,719 --> 00:43:12,800 Speaker 2: to dominate the entire world. We're going to do whatever 908 00:43:12,880 --> 00:43:16,560 Speaker 2: we want to whoever we want, no holds barred, law 909 00:43:16,600 --> 00:43:19,440 Speaker 2: of the jungle. And I have to think that if 910 00:43:19,480 --> 00:43:21,600 Speaker 2: you're a China, if you're a Russia, if you're any 911 00:43:21,600 --> 00:43:24,200 Speaker 2: other you know, significant power in the world, that is 912 00:43:24,239 --> 00:43:28,560 Speaker 2: an unacceptable approach to you. So it is intentionally bringing 913 00:43:28,640 --> 00:43:32,920 Speaker 2: us into direct conflict with these other countries. And again, 914 00:43:33,000 --> 00:43:36,719 Speaker 2: this isn't theoretical. This is already happening now, especially with 915 00:43:36,800 --> 00:43:40,399 Speaker 2: China considering, you know, involving themselves directly in our war 916 00:43:40,440 --> 00:43:43,040 Speaker 2: in Iran, and you can understand why we're messing with 917 00:43:43,160 --> 00:43:46,160 Speaker 2: their stuff, We're messing with their oil, and we are 918 00:43:46,200 --> 00:43:49,200 Speaker 2: also asserting to the world that we are going to 919 00:43:49,280 --> 00:43:51,399 Speaker 2: try to dominate the entire world. We're going to blow 920 00:43:51,480 --> 00:43:53,719 Speaker 2: up the UN and these other you know, institutions of 921 00:43:53,760 --> 00:43:56,520 Speaker 2: global cooperation. We're going to put Trump at the head 922 00:43:56,520 --> 00:43:59,120 Speaker 2: of the quote unquote Board of Peace and you know, 923 00:43:59,200 --> 00:44:01,960 Speaker 2: allow him to serve in perpetuity and get to appoint 924 00:44:01,960 --> 00:44:04,239 Speaker 2: his successor, and you have to pay to get in, 925 00:44:04,400 --> 00:44:08,520 Speaker 2: and ultimately he has veto power. That is the direction 926 00:44:08,640 --> 00:44:11,839 Speaker 2: that they have clearly broadcast to the world. And so yeah, 927 00:44:12,120 --> 00:44:14,960 Speaker 2: the rest of the world at some point already is 928 00:44:15,320 --> 00:44:17,480 Speaker 2: going to have something to say about that. 929 00:44:17,880 --> 00:44:19,160 Speaker 7: So that's one piece. 930 00:44:19,520 --> 00:44:22,520 Speaker 2: The other piece here is the possibility of the deployment 931 00:44:22,600 --> 00:44:26,720 Speaker 2: of nuclear weapons because now you have obviously Israel also 932 00:44:27,000 --> 00:44:30,360 Speaker 2: nuclear power and completely psychotic, and you know, parts of 933 00:44:30,400 --> 00:44:33,400 Speaker 2: it driven by these you know, religious fanaticism. Parts of 934 00:44:33,400 --> 00:44:36,399 Speaker 2: our government driven by religious fanaticism, which makes this whole 935 00:44:36,400 --> 00:44:39,560 Speaker 2: thing scary as well. Obviously, Iran is a literal theocracy, 936 00:44:39,640 --> 00:44:42,840 Speaker 2: so you have religious fanaticism there as well. And you 937 00:44:42,880 --> 00:44:47,239 Speaker 2: have these very dominant comments recently from Netnyahu. Let's put 938 00:44:47,239 --> 00:44:50,080 Speaker 2: a six up on the screen where he is promising 939 00:44:50,560 --> 00:44:54,600 Speaker 2: some sort of a major surprise for Iran. He says 940 00:44:54,600 --> 00:44:58,080 Speaker 2: that will completely destabilize the country. Now he's asking Irani's 941 00:44:58,080 --> 00:44:59,960 Speaker 2: to lay down their weapons and surrender or face death. 942 00:45:00,040 --> 00:45:03,359 Speaker 2: He said, quote, the moment of truth is approaching, and 943 00:45:03,400 --> 00:45:06,680 Speaker 2: he will free Iran and make Iran and Israel allies. Okay, 944 00:45:06,719 --> 00:45:09,040 Speaker 2: so we have that, So what is that major surprise? 945 00:45:09,560 --> 00:45:13,359 Speaker 2: That's a little uncomfortable. And then this also just came out. 946 00:45:13,360 --> 00:45:15,640 Speaker 2: It can be e seven up on the screen. You've 947 00:45:15,680 --> 00:45:18,840 Speaker 2: got this guy who makes these like doomsday bunkers that 948 00:45:18,880 --> 00:45:21,600 Speaker 2: are supposed to be, you know, to allow you to 949 00:45:21,640 --> 00:45:25,279 Speaker 2: survive drone attacks, blistic missile strikes, or even nuclear armageddon. 950 00:45:25,840 --> 00:45:28,960 Speaker 2: And he claims that two senior cabinet members in the 951 00:45:28,960 --> 00:45:32,240 Speaker 2: Trump administration are among his clients. One of them texted 952 00:45:32,280 --> 00:45:36,200 Speaker 2: me yesterday asking me, quote, when will my bunker be ready? 953 00:45:36,800 --> 00:45:41,759 Speaker 2: So not exactly comforting when the people who are in 954 00:45:41,840 --> 00:45:46,880 Speaker 2: charge here are preparing their doomsday bunkers and trying to 955 00:45:47,000 --> 00:45:50,800 Speaker 2: rush delivery, concerned about how quickly they will have access 956 00:45:50,960 --> 00:45:54,680 Speaker 2: to this anti armagedon armageddon proof bunker for themselves. 957 00:45:54,760 --> 00:45:55,000 Speaker 9: Yeah. 958 00:45:55,160 --> 00:45:56,400 Speaker 1: I mean, I don't know if it's true or not, 959 00:45:56,520 --> 00:45:57,799 Speaker 1: but it is crazy, and. 960 00:45:57,760 --> 00:45:59,839 Speaker 3: I do think, you know, to the whole World War 961 00:46:00,280 --> 00:46:03,400 Speaker 3: point and actually what you were saying about how others 962 00:46:03,440 --> 00:46:05,799 Speaker 3: will react, I'm very world War one brain. So to 963 00:46:05,880 --> 00:46:08,160 Speaker 3: me this it's like everyone's like, oh, this is going 964 00:46:08,200 --> 00:46:09,960 Speaker 3: to cause World War three and I'm like, no, I 965 00:46:09,960 --> 00:46:11,560 Speaker 3: don't think so if we were to have like a 966 00:46:11,600 --> 00:46:14,480 Speaker 3: real massive thing. But what it does is it shatters 967 00:46:14,520 --> 00:46:17,640 Speaker 3: the illusions and the understandings that we all have. So 968 00:46:17,680 --> 00:46:19,239 Speaker 3: there was the Boer War, which a lot of people 969 00:46:19,280 --> 00:46:21,560 Speaker 3: don't know about, but you know, it's between Britain, and 970 00:46:21,680 --> 00:46:23,480 Speaker 3: what it did is it pierced like this idea of 971 00:46:23,480 --> 00:46:27,160 Speaker 3: splendid isolation. It really heightened the tensions between the Anglos 972 00:46:27,200 --> 00:46:27,880 Speaker 3: and the Germans. 973 00:46:28,080 --> 00:46:29,399 Speaker 1: It led to the Triple On Tent. 974 00:46:29,560 --> 00:46:31,880 Speaker 3: But more importantly, it normalized like a lot of the 975 00:46:31,920 --> 00:46:34,440 Speaker 3: modern trench warfare, the concentration camp. That's where a lot 976 00:46:34,480 --> 00:46:36,799 Speaker 3: of that stuff came from. But what it did is 977 00:46:36,840 --> 00:46:39,880 Speaker 3: it set the stage for well, wow, Britain is not 978 00:46:40,080 --> 00:46:43,080 Speaker 3: nearly as invincible as we all thought, which means we 979 00:46:43,120 --> 00:46:45,800 Speaker 3: need to rearm because oh it's a paper tiger maybe, 980 00:46:45,800 --> 00:46:48,360 Speaker 3: and that's what leads to the Great Clash in nineteen fourteen. 981 00:46:48,640 --> 00:46:50,719 Speaker 1: Well, I could see this very similarly. It's like you 982 00:46:50,760 --> 00:46:51,000 Speaker 1: have this. 983 00:46:51,080 --> 00:46:54,759 Speaker 3: I mean, nobody could say that this was essential for 984 00:46:54,920 --> 00:46:57,880 Speaker 3: US security, just like Iraq. So you have this, you know, 985 00:46:58,040 --> 00:47:02,240 Speaker 3: foreign adventurous conflict. Some Americans will die, but not hundreds 986 00:47:02,280 --> 00:47:05,000 Speaker 3: of thousands or anything like that. I'm not minimizing their 987 00:47:05,000 --> 00:47:07,400 Speaker 3: debts in any way. I'm saying domestically, we can absorb that. 988 00:47:07,440 --> 00:47:10,120 Speaker 3: If we could absorb seven thousand casualties from the Global 989 00:47:10,120 --> 00:47:15,040 Speaker 3: War on Terror, most people, how did the GWOT impact them? Well, 990 00:47:15,120 --> 00:47:18,080 Speaker 3: we all knew somebody who maybe have deployed and came 991 00:47:18,120 --> 00:47:20,600 Speaker 3: back with PTSD, But for the most people, it was 992 00:47:20,719 --> 00:47:23,480 Speaker 3: high gas prices, bad politics, etc. But it wasn't like 993 00:47:23,480 --> 00:47:26,640 Speaker 3: an attack literally on our everyday civilization. This is very similar. 994 00:47:26,640 --> 00:47:28,560 Speaker 3: Most people will be very upset, but it's not going 995 00:47:28,640 --> 00:47:30,839 Speaker 3: to directly impact your life in the way that. 996 00:47:31,000 --> 00:47:32,560 Speaker 1: A real world war would. 997 00:47:32,719 --> 00:47:36,719 Speaker 3: But China, Russia, all any of these other countries, what 998 00:47:36,800 --> 00:47:40,319 Speaker 3: they're watching for. Is any of the kinks in our 999 00:47:40,400 --> 00:47:44,040 Speaker 3: armor interceptors, for example, the breakdown in the global order 1000 00:47:44,200 --> 00:47:47,560 Speaker 3: the GCC countries after this is all over, you really 1001 00:47:47,600 --> 00:47:49,160 Speaker 3: think they're going to be great friends with America. 1002 00:47:49,200 --> 00:47:51,320 Speaker 1: So we have to rebuild all these radar systems. 1003 00:47:51,480 --> 00:47:53,560 Speaker 3: You need permission, you have status to force agreements with 1004 00:47:53,600 --> 00:47:54,520 Speaker 3: every one of these countries. 1005 00:47:54,680 --> 00:47:57,600 Speaker 1: Are you re signing? I don't think so, I really don't. 1006 00:47:57,880 --> 00:47:59,279 Speaker 3: Or we're going to have to bribe the shit out 1007 00:47:59,280 --> 00:48:01,760 Speaker 3: of them with weapons we don't have, yeah. 1008 00:48:01,719 --> 00:48:03,439 Speaker 1: Or we'll have to take from somebody else. 1009 00:48:03,480 --> 00:48:04,120 Speaker 7: And how about this. 1010 00:48:04,400 --> 00:48:06,640 Speaker 2: Let's say China does take this as opportunity to move 1011 00:48:06,640 --> 00:48:10,799 Speaker 2: on Taiwan. Then we're not ready for that. Not militarily, 1012 00:48:11,000 --> 00:48:12,840 Speaker 2: I mean, I think I personally think it would be 1013 00:48:12,880 --> 00:48:16,120 Speaker 2: insane to get in a fight with China over Taiwan, ever, 1014 00:48:16,239 --> 00:48:19,320 Speaker 2: but especially at this point. But we're also not prepared 1015 00:48:19,360 --> 00:48:23,279 Speaker 2: domestically to We have not spun up the semiconductor capacity 1016 00:48:23,360 --> 00:48:23,919 Speaker 2: that we need. 1017 00:48:24,160 --> 00:48:24,720 Speaker 7: We're fucked. 1018 00:48:25,160 --> 00:48:28,840 Speaker 2: So, I mean, that's and that's the reason that anyone 1019 00:48:28,880 --> 00:48:32,120 Speaker 2: cares about Taiwan. Really, it's not about human rights and democracy, 1020 00:48:32,160 --> 00:48:35,319 Speaker 2: total incomplete bullshit. It's the semiconductors. That's the whole thing. 1021 00:48:35,840 --> 00:48:37,960 Speaker 2: We aren't prepared for that. So what are we going 1022 00:48:38,000 --> 00:48:38,239 Speaker 2: to do? 1023 00:48:38,400 --> 00:48:38,640 Speaker 1: Then? 1024 00:48:38,800 --> 00:48:41,279 Speaker 2: Then we're you know, in a direct conflict with China. 1025 00:48:41,800 --> 00:48:44,239 Speaker 2: So I don't know. I mean, I I do sort 1026 00:48:44,280 --> 00:48:48,000 Speaker 2: of agree with Jeffrey Sachs and also with your point 1027 00:48:48,200 --> 00:48:51,600 Speaker 2: that in a sense we are already in that conflict now. 1028 00:48:51,640 --> 00:48:53,680 Speaker 2: It doesn't look like World War one. It doesn't look 1029 00:48:53,719 --> 00:48:55,920 Speaker 2: like World War two. To your point, it's not going 1030 00:48:56,000 --> 00:48:58,440 Speaker 2: to especially in you know, the nuclear age where you 1031 00:48:58,480 --> 00:49:01,040 Speaker 2: have not just US, but it's in Russia and China, 1032 00:49:01,239 --> 00:49:05,400 Speaker 2: all these nuclear powers that are you know, hopefully not 1033 00:49:05,440 --> 00:49:09,720 Speaker 2: itching to destroy the entire world, hopefully, but in terms 1034 00:49:09,760 --> 00:49:12,359 Speaker 2: of the lines of conflict and being engaged in these 1035 00:49:12,440 --> 00:49:14,919 Speaker 2: various proxy fights, I mean, it's already on. And there's 1036 00:49:14,920 --> 00:49:17,200 Speaker 2: something else that I saw online that I thought was 1037 00:49:17,400 --> 00:49:19,560 Speaker 2: an intelligent point as well. You know, we talked a 1038 00:49:19,560 --> 00:49:21,279 Speaker 2: lot in the show about the possibility of boots on 1039 00:49:21,320 --> 00:49:23,560 Speaker 2: the ground, and we're talking about specifically, you know, probably 1040 00:49:23,600 --> 00:49:26,240 Speaker 2: special forces to begin with at least raid into Iran 1041 00:49:26,280 --> 00:49:29,279 Speaker 2: to try to recover this loose nuclear material whatever. But 1042 00:49:29,320 --> 00:49:31,560 Speaker 2: in a broader sense, we already have boots on the ground. 1043 00:49:31,600 --> 00:49:33,000 Speaker 2: I mean, this is a regional war, and we have 1044 00:49:33,040 --> 00:49:35,360 Speaker 2: a lot of American service members who are in the region, 1045 00:49:35,400 --> 00:49:38,120 Speaker 2: boots on the ground getting killed in action right now 1046 00:49:38,160 --> 00:49:41,080 Speaker 2: and getting wounded. We don't know how many right now 1047 00:49:41,600 --> 00:49:44,319 Speaker 2: as part of this fight. So in a sense, it's 1048 00:49:44,360 --> 00:49:46,880 Speaker 2: a bit of a distinction without a difference, because there 1049 00:49:46,960 --> 00:49:50,040 Speaker 2: is no doubt there are already American service member boots 1050 00:49:50,080 --> 00:49:52,799 Speaker 2: on the ground in the middle of this war, in 1051 00:49:52,840 --> 00:49:55,520 Speaker 2: the theater of combat where all of the action is happening. 1052 00:49:55,600 --> 00:49:57,680 Speaker 3: Of course, yeah, you're right. We have boots on the 1053 00:49:57,680 --> 00:50:00,920 Speaker 3: ground and four deployed bases. Which for what to defend? 1054 00:50:00,960 --> 00:50:01,160 Speaker 5: Who? 1055 00:50:01,440 --> 00:50:01,800 Speaker 1: Israel? 1056 00:50:02,160 --> 00:50:04,120 Speaker 3: Well, no, they would say, no, it's not to defend Israel. 1057 00:50:04,160 --> 00:50:06,120 Speaker 3: Let's to defend the golf countries. How's that working out? 1058 00:50:06,280 --> 00:50:07,560 Speaker 3: How's that working out for the golf countries? 1059 00:50:07,960 --> 00:50:09,759 Speaker 7: You're feeling very defended right now. 1060 00:50:10,120 --> 00:50:15,800 Speaker 3: They are furious on the timeline Amarati billionaires with massive 1061 00:50:15,800 --> 00:50:19,640 Speaker 3: amounts of money invested here are all posting about how 1062 00:50:19,719 --> 00:50:22,120 Speaker 3: upset they are with the United States. Also, just so 1063 00:50:22,200 --> 00:50:25,080 Speaker 3: people know, the billionaires are the cutouts for the royal family. 1064 00:50:25,080 --> 00:50:26,120 Speaker 1: That's how it works over there. 1065 00:50:26,160 --> 00:50:28,719 Speaker 3: You don't have free speech, you don't put out long 1066 00:50:28,800 --> 00:50:32,560 Speaker 3: essays criticizing the US government without at least TACIT admission 1067 00:50:32,880 --> 00:50:36,360 Speaker 3: or without TACIT permission from the monarchy are the people 1068 00:50:36,360 --> 00:50:38,680 Speaker 3: who are in charge. These are all messages which are 1069 00:50:38,719 --> 00:50:42,200 Speaker 3: intended for the United States. Again, not that anybody cares 1070 00:50:42,360 --> 00:50:44,280 Speaker 3: last point on this, because it really makes me upset. 1071 00:50:44,480 --> 00:50:47,680 Speaker 3: Our actual allies, like really good allies, South Korea and Japan. 1072 00:50:47,880 --> 00:50:48,759 Speaker 1: Their stock market. 1073 00:50:48,920 --> 00:50:52,319 Speaker 3: South Korea's stock market is down fourteen percent, Japan is 1074 00:50:52,360 --> 00:50:55,640 Speaker 3: down like eight It's a disaster. The vast majority of 1075 00:50:55,640 --> 00:50:58,640 Speaker 3: their oil comes from the Middle East. Their economies are 1076 00:50:58,640 --> 00:51:02,719 Speaker 3: getting hammered, and we're losing. We're taking away possibly interceptors 1077 00:51:02,719 --> 00:51:05,360 Speaker 3: and others like those I mean South Korea, Japan. 1078 00:51:05,440 --> 00:51:08,560 Speaker 1: These are not Israel, where we do fifty three billion 1079 00:51:08,560 --> 00:51:09,319 Speaker 1: in bilatal trade. 1080 00:51:09,320 --> 00:51:12,200 Speaker 3: I'm talking about hundreds of billions, trillions of dollars for 1081 00:51:12,280 --> 00:51:13,480 Speaker 3: the global economy. 1082 00:51:13,560 --> 00:51:14,719 Speaker 1: And those people are mean. 1083 00:51:14,600 --> 00:51:18,560 Speaker 3: Get hung left out to dry by Washington. It's so disgraceful. 1084 00:51:18,600 --> 00:51:23,600 Speaker 3: All right, Let's get to Lindsay Graham. Turning now to 1085 00:51:23,760 --> 00:51:25,680 Speaker 3: the person who should be having the most fun in 1086 00:51:25,719 --> 00:51:28,040 Speaker 3: this war, Lindsey Graham. He's at the height of his 1087 00:51:28,160 --> 00:51:30,600 Speaker 3: powers here in Washington. How did he get there. It 1088 00:51:30,640 --> 00:51:33,640 Speaker 3: turns out by colluding directly with Prime Minister net and 1089 00:51:33,680 --> 00:51:37,959 Speaker 3: Yahoo of Israel and their own intelligence agencies, using their 1090 00:51:38,000 --> 00:51:40,879 Speaker 3: tactics to lobby Donald Trump behind the scenes, and now 1091 00:51:40,920 --> 00:51:44,640 Speaker 3: openly bragging about war and death and all the money 1092 00:51:44,640 --> 00:51:46,600 Speaker 3: we're gonna make from this war. How we're even going 1093 00:51:46,680 --> 00:51:49,960 Speaker 3: to free Cuba on Fox News airwaves. It's beyond two 1094 00:51:50,000 --> 00:51:51,960 Speaker 3: thousand and three, madness. Let's take a listen. 1095 00:51:52,239 --> 00:51:55,040 Speaker 11: This regime goes down, We're gonna have a new Mideast. 1096 00:51:55,320 --> 00:51:58,720 Speaker 11: We're gonna make a ton of money. Nobody will threaten 1097 00:51:58,760 --> 00:52:01,160 Speaker 11: the straits of horror moons, and we're going to win 1098 00:52:01,920 --> 00:52:04,479 Speaker 11: chel in the United States. You just wait to see 1099 00:52:04,520 --> 00:52:06,240 Speaker 11: what comes in the next two weeks. 1100 00:52:07,160 --> 00:52:08,279 Speaker 1: The next two weeks meaning what. 1101 00:52:10,400 --> 00:52:13,000 Speaker 11: We're gonna blow the hell out of these people. This 1102 00:52:13,080 --> 00:52:15,960 Speaker 11: regime is in a death row now. It is going 1103 00:52:16,080 --> 00:52:18,960 Speaker 11: to be on its knees. I'm not looking for a 1104 00:52:19,000 --> 00:52:20,759 Speaker 11: fair fight. If we get in a fight, I want 1105 00:52:20,760 --> 00:52:21,080 Speaker 11: to win it. 1106 00:52:21,160 --> 00:52:22,160 Speaker 1: I want to win it quick. 1107 00:52:22,400 --> 00:52:23,160 Speaker 11: I'm in Miami. 1108 00:52:23,200 --> 00:52:25,520 Speaker 7: You see this hat, Free Cuba. 1109 00:52:25,680 --> 00:52:26,400 Speaker 5: Stay tuned. 1110 00:52:26,640 --> 00:52:28,960 Speaker 11: The liberation of Cuba is upon us. 1111 00:52:29,280 --> 00:52:30,600 Speaker 5: It's just a matter of time. 1112 00:52:30,680 --> 00:52:30,879 Speaker 9: Now. 1113 00:52:30,960 --> 00:52:34,560 Speaker 11: You see this at make a ron great. President Trump said, 1114 00:52:34,600 --> 00:52:36,400 Speaker 11: the only way to make a ron great is for 1115 00:52:36,440 --> 00:52:39,360 Speaker 11: the people to take over. We're marching through the world. 1116 00:52:39,440 --> 00:52:42,960 Speaker 11: We're cleaning out the bad guys. We're gonna have relationships 1117 00:52:42,960 --> 00:52:45,759 Speaker 11: with new people that will make us prosperous. And say, 1118 00:52:45,920 --> 00:52:49,680 Speaker 11: I've never seen anybody like it. This is Ronald reagand Plus, 1119 00:52:50,200 --> 00:52:53,000 Speaker 11: Donald Trump is resetting the world in a way nobody 1120 00:52:53,040 --> 00:52:55,120 Speaker 11: could have dreamed of a year ago. He is the 1121 00:52:55,239 --> 00:52:58,920 Speaker 11: greatest commander in chief of all time. Our military is 1122 00:52:58,920 --> 00:53:02,000 Speaker 11: the best of all time. Iran is going down, and 1123 00:53:02,120 --> 00:53:03,160 Speaker 11: Cuba is next. 1124 00:53:03,719 --> 00:53:05,880 Speaker 3: Does he even have a hat that says America on it? 1125 00:53:05,920 --> 00:53:07,560 Speaker 3: You know, I mean, how many hats does this guy 1126 00:53:07,640 --> 00:53:09,840 Speaker 3: have of foreign countries? It's crazy. 1127 00:53:09,880 --> 00:53:12,640 Speaker 7: I mean, to the heroes, we're marching through the world. 1128 00:53:12,760 --> 00:53:16,760 Speaker 2: I mean, we're cleaning out all the bad guys. Plus, 1129 00:53:16,800 --> 00:53:19,640 Speaker 2: it's like Jesus Christ. I mean, it's worse than two 1130 00:53:19,680 --> 00:53:23,200 Speaker 2: thousand and five rud Er. Genuinely, We're marching through the 1131 00:53:23,239 --> 00:53:27,520 Speaker 2: world insanity. And yet you know he's he's getting a 1132 00:53:27,520 --> 00:53:30,040 Speaker 2: little nervous about the oil situation too. 1133 00:53:30,120 --> 00:53:31,600 Speaker 7: I'll read this. I don't think we have this as 1134 00:53:31,600 --> 00:53:32,080 Speaker 7: an element. 1135 00:53:32,160 --> 00:53:35,040 Speaker 2: But he says in this tweet, our allies in Israel 1136 00:53:35,040 --> 00:53:37,840 Speaker 2: have shown amazing capability when it comes to collapsing the 1137 00:53:37,920 --> 00:53:39,000 Speaker 2: murderous regime in Iran. 1138 00:53:39,080 --> 00:53:41,840 Speaker 7: America is most appreciative. Speak for yourself. 1139 00:53:42,080 --> 00:53:44,080 Speaker 2: However, there will be a day soon the Iranian people 1140 00:53:44,120 --> 00:53:46,040 Speaker 2: will be in charge of their own fate, not the 1141 00:53:46,120 --> 00:53:49,799 Speaker 2: murderous Iatola's regime. In that regard, please be cautious about 1142 00:53:49,800 --> 00:53:51,920 Speaker 2: what targets you select. Our goal is to liberate the 1143 00:53:51,920 --> 00:53:54,080 Speaker 2: Iranian people in a fashion that does not cripple their 1144 00:53:54,160 --> 00:53:56,200 Speaker 2: chance to start a new and better life when this 1145 00:53:56,239 --> 00:54:00,200 Speaker 2: regime collapses. The oil economy of Iran will be essential 1146 00:54:00,320 --> 00:54:03,440 Speaker 2: to that endeavor. So when they were murdering schoolgirls, he 1147 00:54:03,640 --> 00:54:05,520 Speaker 2: didn't have any problem with that. He was, you know, 1148 00:54:05,600 --> 00:54:08,360 Speaker 2: on error, ecstatic. We're merching through the world, blah blah blah. 1149 00:54:08,560 --> 00:54:10,600 Speaker 2: Now that the oil is threatened at home, that's. 1150 00:54:10,560 --> 00:54:12,600 Speaker 7: That's too far. That's a bridge too far. 1151 00:54:12,640 --> 00:54:15,560 Speaker 2: Asaga, we can't have an attacking the you know, any 1152 00:54:15,600 --> 00:54:18,200 Speaker 2: of the oil impacted, that would be a real problem 1153 00:54:18,200 --> 00:54:18,680 Speaker 2: for lit right. 1154 00:54:19,160 --> 00:54:22,480 Speaker 3: But here's the reality and the reason why is that again, 1155 00:54:22,640 --> 00:54:27,560 Speaker 3: America has a interest in a stable Iran afterwards. Why 1156 00:54:27,600 --> 00:54:30,120 Speaker 3: because we want the prize of oil where the global empire. 1157 00:54:30,040 --> 00:54:31,120 Speaker 1: Israel doesn't care. 1158 00:54:31,480 --> 00:54:34,160 Speaker 3: And yet for him to be chimping out over this, 1159 00:54:34,280 --> 00:54:36,600 Speaker 3: it's like, dude, this is what you signed us up for, 1160 00:54:37,000 --> 00:54:39,160 Speaker 3: and let's go and put F two on the screen 1161 00:54:39,400 --> 00:54:42,799 Speaker 3: because this shit is so crazy. To help make the 1162 00:54:42,840 --> 00:54:46,640 Speaker 3: case on Iran, Graham traveled several times to Israel in 1163 00:54:46,680 --> 00:54:51,400 Speaker 3: recent weeks, meeting with members of the country's intelligence agency. Quote, 1164 00:54:51,440 --> 00:54:54,080 Speaker 3: they'll tell me things our own government won't tell me, 1165 00:54:54,160 --> 00:54:57,600 Speaker 3: he said. He spoke with Prime Minister Netanyaho coaching him 1166 00:54:57,640 --> 00:55:00,920 Speaker 3: on how to lobby the president for action. I mean, 1167 00:55:00,960 --> 00:55:05,120 Speaker 3: you directly have a Senate, a senator United States Center 1168 00:55:05,200 --> 00:55:08,520 Speaker 3: from South Carolina, who is traveling multiple times to the 1169 00:55:08,520 --> 00:55:11,320 Speaker 3: country of Israel, where he's bragging about it. He's meeting 1170 00:55:11,360 --> 00:55:15,399 Speaker 3: with them, he's being coached by them, coaching them. I mean, 1171 00:55:15,480 --> 00:55:17,560 Speaker 3: they talk about his long game going all the way 1172 00:55:17,560 --> 00:55:20,919 Speaker 3: back to twenty fifteen, about him sucking up to Donald 1173 00:55:20,960 --> 00:55:24,080 Speaker 3: Trump after initially getting into it with on the campaign trail, 1174 00:55:24,360 --> 00:55:28,080 Speaker 3: about how he historically would butter Trump up, about comparing 1175 00:55:28,080 --> 00:55:30,520 Speaker 3: the Ayatola to Hitler and saying that the only thing 1176 00:55:30,520 --> 00:55:33,560 Speaker 3: you have to fear is fear itself. Saying, FDR, He's like, 1177 00:55:33,600 --> 00:55:36,080 Speaker 3: you're going to be one of the greats. Reminded Trump 1178 00:55:36,120 --> 00:55:40,080 Speaker 3: about ripping up Obama's nuclear deal at every turn. Quote 1179 00:55:40,760 --> 00:55:43,560 Speaker 3: White House aids even would call him the annoying crazy 1180 00:55:43,680 --> 00:55:46,400 Speaker 3: uncle because you would always be showing up at Trump's 1181 00:55:46,400 --> 00:55:50,040 Speaker 3: golf clubs just sitting in his ear talking whispering sweet 1182 00:55:50,080 --> 00:55:53,080 Speaker 3: nothings about how good it is whenever it comes to Iran, 1183 00:55:53,200 --> 00:55:56,640 Speaker 3: and he's the proponent, not only as they point out, 1184 00:55:56,760 --> 00:55:59,719 Speaker 3: of Iran but Lebanon. He wants to widen the war. 1185 00:56:00,040 --> 00:56:03,680 Speaker 3: He's fundamentally with Israeli interests. And look, I won't you know, 1186 00:56:03,719 --> 00:56:08,560 Speaker 3: speculate to Senator Graham's personal, you know, reasons for supporting this. 1187 00:56:08,680 --> 00:56:11,920 Speaker 3: But look, here's one at least I think fair hit 1188 00:56:12,360 --> 00:56:15,040 Speaker 3: beyond any of the stuff about his own personal life. 1189 00:56:15,080 --> 00:56:17,200 Speaker 3: This guy doesn't have any children, you know, he doesn't 1190 00:56:17,200 --> 00:56:19,719 Speaker 3: have any investment in the future of the country. He's 1191 00:56:19,760 --> 00:56:22,359 Speaker 3: in his seventies. This is all just a game for him, 1192 00:56:22,440 --> 00:56:25,399 Speaker 3: like at an intellectual exercise. He wants to be Richard 1193 00:56:25,440 --> 00:56:27,719 Speaker 3: Russell or any of these other senators and get their 1194 00:56:27,840 --> 00:56:30,840 Speaker 3: name on a building who had a great senator Fulbright 1195 00:56:30,840 --> 00:56:33,160 Speaker 3: and get a scholarship named after him, Like that's what's 1196 00:56:33,200 --> 00:56:36,600 Speaker 3: driving him, not any of our prosperity, any of our interests. 1197 00:56:36,600 --> 00:56:37,920 Speaker 1: And that's why it's so sickening. 1198 00:56:38,080 --> 00:56:42,439 Speaker 2: This is another reason why the old men in charge 1199 00:56:42,440 --> 00:56:44,200 Speaker 2: of this country was a problem, because they start thinking 1200 00:56:44,200 --> 00:56:46,880 Speaker 2: about their legacy and start doing insane things. Apparently is 1201 00:56:46,880 --> 00:56:48,600 Speaker 2: a problem that we're having right now because I think 1202 00:56:48,600 --> 00:56:50,880 Speaker 2: that's part of the calculus for Trump as well. He 1203 00:56:50,920 --> 00:56:52,360 Speaker 2: wants to leave his mark on the world, and I 1204 00:56:52,400 --> 00:56:54,279 Speaker 2: don't think he really, you know, gives a shit whether 1205 00:56:54,320 --> 00:56:55,360 Speaker 2: it's a good mark or a bad. 1206 00:56:55,520 --> 00:56:56,160 Speaker 1: Or the ayahtola. 1207 00:56:56,239 --> 00:56:58,840 Speaker 3: He was eighty six, you know, he was super cerebral. 1208 00:56:58,840 --> 00:57:01,480 Speaker 3: That's what everybody said around me. Make any decisions. He's 1209 00:57:01,480 --> 00:57:03,680 Speaker 3: an old man. He just wants to die a martyr. 1210 00:57:03,800 --> 00:57:06,000 Speaker 3: Hen's yeah, we got gave it. 1211 00:57:05,920 --> 00:57:10,200 Speaker 2: To congratulations, accomplished his goal with our help. And just 1212 00:57:10,239 --> 00:57:12,640 Speaker 2: look at this next to the response from the Iranian 1213 00:57:12,760 --> 00:57:15,799 Speaker 2: foreign minister to the revelations about Lindsey Graham, which again 1214 00:57:15,880 --> 00:57:16,720 Speaker 2: I just want to sit on for a. 1215 00:57:16,760 --> 00:57:18,520 Speaker 7: Sec just think of how crazy this is. 1216 00:57:18,960 --> 00:57:22,840 Speaker 2: He is going to a foreign country, getting intelligence from them, 1217 00:57:23,280 --> 00:57:27,040 Speaker 2: coaching their leader about how to drag us into a war, 1218 00:57:27,080 --> 00:57:30,240 Speaker 2: how to convince our president to take us into a war, 1219 00:57:30,320 --> 00:57:33,400 Speaker 2: and apparently was successful. So he said here in response 1220 00:57:33,440 --> 00:57:36,640 Speaker 2: to this very article in Iran, an official could never 1221 00:57:36,720 --> 00:57:39,600 Speaker 2: travel to another country to collude with a foreign spy 1222 00:57:39,720 --> 00:57:42,800 Speaker 2: service on how to coach our own president into doing 1223 00:57:42,880 --> 00:57:45,120 Speaker 2: the bidding of foreigners. We would ask what the foreign 1224 00:57:45,120 --> 00:57:48,640 Speaker 2: country may have on that official and promptly charge him 1225 00:57:48,760 --> 00:57:51,720 Speaker 2: or her with high treason. And if we were functioning 1226 00:57:51,800 --> 00:57:55,440 Speaker 2: society and thinking in the same direction, that is how 1227 00:57:55,680 --> 00:57:59,040 Speaker 2: utterly insane this is. And with Lindsay Graham, you know, 1228 00:57:59,640 --> 00:58:02,960 Speaker 2: you guys may remember going back to he was actually 1229 00:58:02,960 --> 00:58:05,360 Speaker 2: in that presidential primary as like, and also ran in 1230 00:58:05,400 --> 00:58:10,560 Speaker 2: the twenty sixteen presidential election, fierce critic of. 1231 00:58:10,440 --> 00:58:12,720 Speaker 7: Trump because he worried that Trump would not. 1232 00:58:12,800 --> 00:58:15,960 Speaker 2: Be excited about getting into these wars based on Trump's 1233 00:58:16,000 --> 00:58:17,840 Speaker 2: rhetoric at the time as being you know, against the 1234 00:58:17,840 --> 00:58:21,000 Speaker 2: Iraq war, et cetera. Then he turns into Trump's sick 1235 00:58:21,040 --> 00:58:23,320 Speaker 2: a fan. Then you know, he's very critical of Trump 1236 00:58:23,400 --> 00:58:27,240 Speaker 2: after January sixth, but very quickly he realizes, okay, the 1237 00:58:27,320 --> 00:58:30,240 Speaker 2: way to be able to manipulate this man. And again 1238 00:58:30,320 --> 00:58:33,160 Speaker 2: this is not to absolve Trump at all. Trust me, 1239 00:58:33,240 --> 00:58:34,840 Speaker 2: I hate the man and I think he is leading 1240 00:58:34,840 --> 00:58:37,680 Speaker 2: the country and the world into utter disaster and it 1241 00:58:37,720 --> 00:58:39,840 Speaker 2: is one hundred percent all on him. But to understand 1242 00:58:39,880 --> 00:58:42,320 Speaker 2: the forces around him, he thought that the best way 1243 00:58:42,360 --> 00:58:43,400 Speaker 2: to manipulate. 1244 00:58:42,920 --> 00:58:44,920 Speaker 7: Trump would be to get back in his good. 1245 00:58:44,800 --> 00:58:47,880 Speaker 2: Graces as quickly as possible after January sixth, and so 1246 00:58:47,960 --> 00:58:49,760 Speaker 2: that's what he did, and we saw, you know, his 1247 00:58:49,800 --> 00:58:53,040 Speaker 2: first to endorse him. He has been playing this game 1248 00:58:53,240 --> 00:58:57,960 Speaker 2: for a while now, all to effectuate exactly this outcome. 1249 00:58:58,000 --> 00:59:00,160 Speaker 2: And so when you see him on Fox News and 1250 00:59:00,200 --> 00:59:04,000 Speaker 2: he's the happiest man on the planet, watching bombs rain 1251 00:59:04,160 --> 00:59:07,840 Speaker 2: down and murdered little schoolgirls and oil fall from the 1252 00:59:07,880 --> 00:59:11,040 Speaker 2: sky and all of the region in flames, and he's 1253 00:59:11,160 --> 00:59:14,240 Speaker 2: just happy as he could possibly be. Yeah, this is 1254 00:59:14,280 --> 00:59:17,120 Speaker 2: the fulfillment of a lifelong and I do actually think 1255 00:59:17,160 --> 00:59:21,160 Speaker 2: it's just an ideological like he has been very consistent 1256 00:59:21,640 --> 00:59:26,720 Speaker 2: in his neo kan war mongering convictions over many many years, 1257 00:59:27,040 --> 00:59:29,919 Speaker 2: and here he is. He finally found the guy who 1258 00:59:30,000 --> 00:59:33,720 Speaker 2: was willing to go where no president had been willing 1259 00:59:33,760 --> 00:59:35,400 Speaker 2: to go before. I don't know if you saw Tony 1260 00:59:35,400 --> 00:59:39,560 Speaker 2: Blinkin talking about that the Israelis actually tried to use 1261 00:59:39,640 --> 00:59:43,360 Speaker 2: this same approach with Obama, where they were like, well, 1262 00:59:43,400 --> 00:59:45,640 Speaker 2: we're going to Bambaran no matter what, so you better 1263 00:59:45,680 --> 00:59:48,680 Speaker 2: be with us, and Obama was like no, and guess what, 1264 00:59:49,160 --> 00:59:51,680 Speaker 2: it didn't happen. I learned at the idea that we 1265 00:59:52,040 --> 00:59:54,080 Speaker 2: had no choice because Israel's going, and no, you had 1266 00:59:54,080 --> 00:59:55,920 Speaker 2: a choice. The choice would have been to say no 1267 00:59:56,120 --> 00:59:59,080 Speaker 2: to Israel, but nobody's you know, he seems completely incapable 1268 00:59:59,120 --> 00:59:59,480 Speaker 2: of doing it. 1269 00:59:59,520 --> 01:00:01,680 Speaker 3: The moment I can to love doctor Parsi is when 1270 01:00:01,800 --> 01:00:04,640 Speaker 3: we were all in school and he did two or 1271 01:00:04,640 --> 01:00:07,920 Speaker 3: three weeks on that exact decision, the Decision point two 1272 01:00:07,960 --> 01:00:09,840 Speaker 3: thousand and nine. He made us read all the profiles 1273 01:00:10,160 --> 01:00:12,600 Speaker 3: and everything. And it's funny because all of the students 1274 01:00:12,640 --> 01:00:15,360 Speaker 3: were like hardcore neo cons and so this was like 1275 01:00:15,440 --> 01:00:19,240 Speaker 3: a shocking development to their minds about Israeli pressure. 1276 01:00:19,640 --> 01:00:21,200 Speaker 1: And I really came away from that. 1277 01:00:21,160 --> 01:00:24,200 Speaker 3: Class being like, man, he really remember this was a 1278 01:00:24,200 --> 01:00:25,640 Speaker 3: long time ago for me, so I was in a 1279 01:00:25,720 --> 01:00:28,840 Speaker 3: very different phase of my understanding of the American Empire, 1280 01:00:28,840 --> 01:00:29,160 Speaker 3: and I was like. 1281 01:00:29,240 --> 01:00:31,000 Speaker 1: Yeah, maybe these reelies aren't the good guys. 1282 01:00:31,040 --> 01:00:33,720 Speaker 3: Area I was reading this and I was like, this 1283 01:00:33,800 --> 01:00:36,440 Speaker 3: is a real problem man, And then he spent weeks 1284 01:00:36,480 --> 01:00:39,720 Speaker 3: actually making us study how these Raelies and the Iranians 1285 01:00:39,760 --> 01:00:43,560 Speaker 3: had actually fine enough relations beforehand, like in the nineteen eighties, 1286 01:00:43,560 --> 01:00:46,160 Speaker 3: and clean break and the new strategy and how they 1287 01:00:46,200 --> 01:00:48,000 Speaker 3: devised it all around Iran. 1288 01:00:48,040 --> 01:00:49,320 Speaker 1: This like blew my mind. 1289 01:00:49,440 --> 01:00:51,280 Speaker 3: Actually, at the time I got it was like twenty three, 1290 01:00:51,480 --> 01:00:54,120 Speaker 3: twenty four or something. But that's that's why it's so 1291 01:00:54,160 --> 01:00:57,680 Speaker 3: important to know that history is that many previous presidents 1292 01:00:57,680 --> 01:01:03,640 Speaker 3: Obama included, actually Israelis basically give them some sort of ultimatum, 1293 01:01:03,880 --> 01:01:04,960 Speaker 3: and enough of. 1294 01:01:04,920 --> 01:01:06,960 Speaker 1: Them were like, they're like, who do you think you are? 1295 01:01:07,000 --> 01:01:10,080 Speaker 3: I mean Bill Clinton famously, who's the fucking superpower here 1296 01:01:10,280 --> 01:01:12,280 Speaker 3: whenever talking to them, So yeah, it could be done. 1297 01:01:12,440 --> 01:01:15,120 Speaker 3: It's only Trump who is either weak, compromised, I mean, 1298 01:01:15,160 --> 01:01:17,760 Speaker 3: who the hell knows, maybe just dumb. Enough is that 1299 01:01:17,880 --> 01:01:21,960 Speaker 3: usually this simplest explanation is the easiest one. But regardless 1300 01:01:21,960 --> 01:01:23,840 Speaker 3: of what it is, we're in it now, and now 1301 01:01:23,880 --> 01:01:26,360 Speaker 3: that we're in it, it's there's no off ramp. There's 1302 01:01:26,400 --> 01:01:28,480 Speaker 3: no off ramp. People like Lindsay Graham and all of 1303 01:01:28,480 --> 01:01:31,200 Speaker 3: them are in charge. And people should also notice this 1304 01:01:31,560 --> 01:01:34,480 Speaker 3: is that all of these neocom people who hated Trump, 1305 01:01:34,560 --> 01:01:37,080 Speaker 3: as you said, are sucking up to him more than ever. 1306 01:01:37,280 --> 01:01:39,800 Speaker 3: They're the ones who are now declaring, like what true man? 1307 01:01:40,000 --> 01:01:42,040 Speaker 3: And you know what, at this point, I'm like, what 1308 01:01:42,600 --> 01:01:45,360 Speaker 3: is the useful to define maga or whatever. It's like, 1309 01:01:45,400 --> 01:01:47,040 Speaker 3: you can have it. If you want this to be it, 1310 01:01:47,560 --> 01:01:50,200 Speaker 3: take it. You know, it's all go all in. I 1311 01:01:50,240 --> 01:01:53,919 Speaker 3: hope you are. But the only danger, and I worry 1312 01:01:53,920 --> 01:01:56,000 Speaker 3: about this I wonder if you do too, is how 1313 01:01:56,000 --> 01:01:58,920 Speaker 3: can we make sure that this doesn't happen again? Because 1314 01:01:59,080 --> 01:02:01,800 Speaker 3: this was supposed to be the entire project post you Rock. 1315 01:02:02,200 --> 01:02:04,000 Speaker 3: And one of the lessons from that is that we 1316 01:02:04,080 --> 01:02:07,760 Speaker 3: allowed these people to be rehabilitated in society. Paul Wolfowits 1317 01:02:08,120 --> 01:02:11,360 Speaker 3: and Douglas five and I mean all of these guys, 1318 01:02:11,400 --> 01:02:14,760 Speaker 3: I mean got jobs, right Washington, Rumsfeld. 1319 01:02:14,360 --> 01:02:17,760 Speaker 1: Bush changing Bush is like a lib icon. Now, oh 1320 01:02:17,880 --> 01:02:20,400 Speaker 1: he's just a painter, Grandpa. It's like, no, he's not. 1321 01:02:20,680 --> 01:02:23,680 Speaker 2: No, that's I mean, that's that is the lesson. People 1322 01:02:23,760 --> 01:02:25,720 Speaker 2: need to fucking go to jail. They need to go 1323 01:02:25,760 --> 01:02:29,880 Speaker 2: to jail. There needs to be professional concercises. It's unbelievable 1324 01:02:29,920 --> 01:02:32,480 Speaker 2: that we have some of the very same quote unquote 1325 01:02:32,520 --> 01:02:36,240 Speaker 2: journalists who you know, cheerleader the Iraq war, who are 1326 01:02:36,240 --> 01:02:38,720 Speaker 2: now still around to cheerlead the Iran war. 1327 01:02:39,120 --> 01:02:40,560 Speaker 7: It's crazy making. 1328 01:02:40,640 --> 01:02:42,880 Speaker 2: I mean, not only was there not accountability, but in 1329 01:02:42,920 --> 01:02:46,200 Speaker 2: many instances these people continue to fail upward because as 1330 01:02:46,240 --> 01:02:48,880 Speaker 2: long as you're wrong in a way that is regime 1331 01:02:48,920 --> 01:02:52,360 Speaker 2: and empire compliant, then you're good to go. That cannot 1332 01:02:52,480 --> 01:02:54,560 Speaker 2: continue to be the case if we want to avoid 1333 01:02:54,600 --> 01:02:56,240 Speaker 2: this again in the future, and we need to be 1334 01:02:56,400 --> 01:02:58,520 Speaker 2: you know, thinking about that right now, if we all 1335 01:02:58,560 --> 01:03:02,560 Speaker 2: survive this, because the level of danger that has been 1336 01:03:02,640 --> 01:03:08,120 Speaker 2: created for a financial catastrophe, for a violent catastrophe, you know, 1337 01:03:08,200 --> 01:03:10,200 Speaker 2: the potential blowback impacts, I. 1338 01:03:10,120 --> 01:03:12,760 Speaker 7: Mean we already already. 1339 01:03:12,280 --> 01:03:16,040 Speaker 2: What has been done is so consequential and so devastating 1340 01:03:16,200 --> 01:03:20,360 Speaker 2: and you know, very hard to see how we watched blowback. 1341 01:03:20,360 --> 01:03:22,400 Speaker 3: We didn't even cover this used a long time ago. 1342 01:03:22,440 --> 01:03:24,360 Speaker 3: We would have There's some crazy shit going down in 1343 01:03:24,360 --> 01:03:29,240 Speaker 3: New York that's some isis inspired plot or yah NYPI 1344 01:03:29,280 --> 01:03:30,440 Speaker 3: is saying it's isis inspired? 1345 01:03:30,680 --> 01:03:32,440 Speaker 1: Okay, you take it for what it is. Yeah, I 1346 01:03:32,440 --> 01:03:33,000 Speaker 1: want to see. 1347 01:03:32,880 --> 01:03:33,960 Speaker 7: Any whether it was an ID. 1348 01:03:34,080 --> 01:03:36,560 Speaker 1: There was something what that's a story in New York 1349 01:03:36,600 --> 01:03:37,680 Speaker 1: City right, Austin. 1350 01:03:37,880 --> 01:03:40,040 Speaker 3: I mean all of these other arrests. Look, you can 1351 01:03:40,080 --> 01:03:42,320 Speaker 3: say false life, regardless of whether what it is. I mean, 1352 01:03:42,320 --> 01:03:44,360 Speaker 3: it's important that all of this stuff is starting to 1353 01:03:44,400 --> 01:03:44,840 Speaker 3: heat up there. 1354 01:03:44,840 --> 01:03:48,040 Speaker 2: I mean people, look, whether those are legitimate or whatever, 1355 01:03:48,560 --> 01:03:51,360 Speaker 2: people around the world hate our guts right, and are 1356 01:03:51,400 --> 01:03:53,600 Speaker 2: only going to hate us more the more they watch 1357 01:03:53,640 --> 01:03:57,640 Speaker 2: our bombs fall on innocent schoolgirls and our president lie 1358 01:03:57,680 --> 01:04:00,000 Speaker 2: about it and us throw our weight around the world. 1359 01:04:00,040 --> 01:04:02,560 Speaker 7: World. You don't think that's going to have consequences here 1360 01:04:02,640 --> 01:04:03,960 Speaker 7: at home. You don't think that. 1361 01:04:04,040 --> 01:04:06,200 Speaker 2: I mean Trump got asked about this, He got asked 1362 01:04:06,240 --> 01:04:09,280 Speaker 2: about that, and he was like, yeah, I guess that, Yeah, 1363 01:04:09,320 --> 01:04:12,600 Speaker 2: that could happen. I mean, just completely blase about the 1364 01:04:12,960 --> 01:04:17,520 Speaker 2: potential consequences for a war that a minority, a minority 1365 01:04:17,560 --> 01:04:22,680 Speaker 2: of the population is wants to fight at all. So yeah, 1366 01:04:22,840 --> 01:04:26,320 Speaker 2: Lindsay apparently is earning his place in history here. 1367 01:04:27,400 --> 01:04:27,920 Speaker 7: No doubt. 1368 01:04:27,960 --> 01:04:31,280 Speaker 2: He was extremely influential, and he played his cards right, 1369 01:04:31,240 --> 01:04:33,600 Speaker 2: and he knew how to manipulate Trump. Again, that is, 1370 01:04:34,000 --> 01:04:36,040 Speaker 2: this is all comes down to Trump. The buck stops 1371 01:04:36,040 --> 01:04:38,040 Speaker 2: with him. But he was one of the forces that 1372 01:04:38,080 --> 01:04:40,439 Speaker 2: was pushing in this direction, and he got his wish. 1373 01:04:40,520 --> 01:04:42,840 Speaker 3: Yeah, no, I mean his name will ring out, that's 1374 01:04:42,880 --> 01:04:45,360 Speaker 3: for sure, knowing Washington, though, he'll get his name on 1375 01:04:45,400 --> 01:04:47,280 Speaker 3: a damned building and then fifty years from now, but 1376 01:04:47,440 --> 01:04:48,840 Speaker 3: the Graham Centered office building. 1377 01:04:48,920 --> 01:04:49,520 Speaker 1: That's how. 1378 01:04:49,960 --> 01:04:52,920 Speaker 2: You know, Kyle and I were talking about this. How 1379 01:04:53,000 --> 01:04:54,600 Speaker 2: are they going to spend this thing? Like in the 1380 01:04:54,640 --> 01:04:57,640 Speaker 2: history books? How can you possibly spend this thing? 1381 01:04:57,840 --> 01:04:58,440 Speaker 1: He always do. 1382 01:04:58,640 --> 01:05:01,480 Speaker 3: I mean, I hate look, hate to be a genuine doomer. 1383 01:05:01,520 --> 01:05:03,040 Speaker 3: But everyone said that about Vietnam. 1384 01:05:03,080 --> 01:05:03,480 Speaker 1: Guess what. 1385 01:05:03,520 --> 01:05:06,280 Speaker 3: All those people were fine, they were super rich, you 1386 01:05:06,320 --> 01:05:07,920 Speaker 3: know all yeah, but it's. 1387 01:05:07,520 --> 01:05:09,840 Speaker 2: Like nothing happened still is seen as a catastroph It's 1388 01:05:09,840 --> 01:05:12,960 Speaker 2: like synonymous with an American military catastrophe, as is the 1389 01:05:13,000 --> 01:05:15,440 Speaker 2: Iraq War, although they still try to, you know, to 1390 01:05:15,480 --> 01:05:16,440 Speaker 2: spin it if you. 1391 01:05:16,440 --> 01:05:18,920 Speaker 3: Can say, you can say Iraq was a disaster. But 1392 01:05:19,080 --> 01:05:21,040 Speaker 3: did anybody really pay a price? Every single one of 1393 01:05:21,080 --> 01:05:23,960 Speaker 3: those generals, filthy rich, None of them paid any price. 1394 01:05:24,080 --> 01:05:26,120 Speaker 3: Not just the generals, all of the political leaders. I 1395 01:05:26,200 --> 01:05:28,160 Speaker 3: knew some of these people. They're all still sitting here 1396 01:05:28,280 --> 01:05:31,880 Speaker 3: pretty in Washington. Dick Cheney, his obituary said, what he's 1397 01:05:31,920 --> 01:05:33,760 Speaker 3: basically a hero for democracy. 1398 01:05:33,960 --> 01:05:37,560 Speaker 1: George W. Bush is a painter. Like I said, Vietnam, 1399 01:05:38,240 --> 01:05:40,160 Speaker 1: Connie's back in the White House. Connie talk about that. 1400 01:05:41,080 --> 01:05:45,320 Speaker 3: George buy and Trump made Robert, these guys they died fine. 1401 01:05:45,440 --> 01:05:46,919 Speaker 1: You know, nobody paid any price. 1402 01:05:47,080 --> 01:05:49,760 Speaker 3: That fifty thousand people were killed, not to mention, was 1403 01:05:49,800 --> 01:05:53,000 Speaker 3: a million or so Vietnamese, Cambodians, all these folks. 1404 01:05:53,240 --> 01:05:54,920 Speaker 1: LVJ. He died of a heart attack. 1405 01:05:55,280 --> 01:05:57,680 Speaker 3: It was like at the end of the day, Like 1406 01:05:58,240 --> 01:05:59,880 Speaker 3: most of the time, it doesn't work out the way 1407 01:06:00,080 --> 01:06:00,840 Speaker 3: we actually wanted to. 1408 01:06:00,960 --> 01:06:03,080 Speaker 1: It's honestly, it's tragic. 1409 01:06:03,160 --> 01:06:05,040 Speaker 7: We have to fight birds in the difference this time. 1410 01:06:05,120 --> 01:06:06,720 Speaker 1: Okay, all right, We'll see you guys tomorrow. 1411 01:06:10,440 --> 01:06:10,640 Speaker 3: Kay,