1 00:00:01,760 --> 00:00:07,840 Speaker 1: Al Zone Media. 2 00:00:06,280 --> 00:00:09,600 Speaker 2: Esport's Oh god, okay, that was not a great intro. 3 00:00:10,360 --> 00:00:14,800 Speaker 2: They could hear the podcast that we do via log 4 00:00:15,240 --> 00:00:17,560 Speaker 2: with the is James. We're doing it. Do another be 5 00:00:17,640 --> 00:00:19,680 Speaker 2: a James episode? Yep, we're back. 6 00:00:20,280 --> 00:00:23,120 Speaker 1: We wouldn't have a theme for our episodes. I feel like, yeah, 7 00:00:23,280 --> 00:00:24,360 Speaker 1: maybe it is Petro dollars. 8 00:00:24,560 --> 00:00:27,319 Speaker 2: I guess it is. Yeah, yeah, we vote to you 9 00:00:27,360 --> 00:00:30,680 Speaker 2: today by big fossil Fuel. You know, this entire episode 10 00:00:30,840 --> 00:00:32,960 Speaker 2: is is the what do you do with your fossil 11 00:00:33,000 --> 00:00:36,640 Speaker 2: fuel muddy episode? So we did an episode like a 12 00:00:36,720 --> 00:00:40,920 Speaker 2: year ago about sportswashing, and it has gotten much worse 13 00:00:41,080 --> 00:00:43,800 Speaker 2: since then, you know. So, so the big kind of 14 00:00:43,800 --> 00:00:46,800 Speaker 2: sports washing thing that's happening right now is this thing 15 00:00:46,840 --> 00:00:50,040 Speaker 2: called the Esports World Cup that the Saudi government is 16 00:00:50,040 --> 00:00:54,560 Speaker 2: putting on. It is going on right now. Barring unfathomable disaster, 17 00:00:54,680 --> 00:00:56,160 Speaker 2: it will still be going on by the time this 18 00:00:56,200 --> 00:00:58,920 Speaker 2: episode comes out. We we kind of talked about in 19 00:00:58,920 --> 00:01:01,760 Speaker 2: the last episode how Saudis have been getting into sports. 20 00:01:01,800 --> 00:01:03,480 Speaker 2: I mean it sort of starts with soccer. They said, 21 00:01:03,520 --> 00:01:06,000 Speaker 2: they start to e wwe, they get into tennis, They're 22 00:01:06,040 --> 00:01:09,120 Speaker 2: in golf, they're in boxing, they're in Formula one and 23 00:01:09,120 --> 00:01:12,720 Speaker 2: in the last like two years specifically, they've gotten really 24 00:01:12,840 --> 00:01:16,199 Speaker 2: really deep into esports. In twenty twenty two, they spent 25 00:01:16,480 --> 00:01:21,319 Speaker 2: one point five billion dollars wow to acquire face it 26 00:01:21,360 --> 00:01:24,479 Speaker 2: in e SL Gaming, which were two organizations that ran 27 00:01:24,840 --> 00:01:29,920 Speaker 2: esports leagues. Esports, by the way, are professional video game competition. Yeah, 28 00:01:30,640 --> 00:01:32,440 Speaker 2: people who didn't spend their youth waking up at five 29 00:01:32,440 --> 00:01:35,559 Speaker 2: in the morning to watch Korean StarCraft tournaments like I did. Yeah, 30 00:01:35,560 --> 00:01:37,399 Speaker 2: that's me. I fall into that category. 31 00:01:37,480 --> 00:01:37,760 Speaker 1: Yeah. 32 00:01:37,880 --> 00:01:39,800 Speaker 2: I feel like on this episode we have both the 33 00:01:39,840 --> 00:01:42,960 Speaker 2: sports washing angles covered because you have the sports washing 34 00:01:43,560 --> 00:01:46,720 Speaker 2: like regular sports angle, and I've had to do the 35 00:01:46,760 --> 00:01:48,480 Speaker 2: sports washing e sports angle. 36 00:01:49,040 --> 00:01:50,440 Speaker 1: Yeah, I have I know what you call them p 37 00:01:50,560 --> 00:01:54,440 Speaker 1: sports like physical sports, meat space sports. 38 00:01:55,600 --> 00:01:55,840 Speaker 2: Yeah. 39 00:01:55,880 --> 00:01:58,120 Speaker 1: I've been privy to a decent amount of sportswa washing 40 00:01:58,200 --> 00:02:01,080 Speaker 1: like uh, I raised a lot again and Iranian teams 41 00:02:01,080 --> 00:02:04,000 Speaker 1: when I was cycling those dudes one. So much sports 42 00:02:04,120 --> 00:02:08,360 Speaker 1: washing has just straight up like national state sponsored doping programs. 43 00:02:09,200 --> 00:02:15,560 Speaker 1: But then the UAE, Bahrain, Dubai, all these different petro 44 00:02:15,680 --> 00:02:19,880 Speaker 1: states and emirates will sponsor cycling teams, very very common 45 00:02:19,919 --> 00:02:22,280 Speaker 1: by Brunei another one, Yeah, I raise for. 46 00:02:22,360 --> 00:02:25,880 Speaker 2: Quebec once, which is not not a Petro state. Well 47 00:02:25,919 --> 00:02:27,160 Speaker 2: it's not I guess it's not a Petro state. 48 00:02:27,360 --> 00:02:30,640 Speaker 1: Yeah, yeah, they got big maple syrup behind them. Yeah, 49 00:02:30,680 --> 00:02:33,280 Speaker 1: in Catalonia, which again not a Petro state. But yeah, 50 00:02:33,440 --> 00:02:37,079 Speaker 1: it's very common in all kinds of professional sports, right, 51 00:02:37,880 --> 00:02:41,640 Speaker 1: because as sports has become more of like an entertainment industry, 52 00:02:41,680 --> 00:02:45,040 Speaker 1: it's become unfathomably expensive to own a sponsor a team 53 00:02:45,120 --> 00:02:51,440 Speaker 1: for like enthusiasts, and the value proposition isn't really there 54 00:02:51,720 --> 00:02:54,840 Speaker 1: for brand. I didn't think the amount that it costs 55 00:02:55,000 --> 00:02:58,080 Speaker 1: now to even a sport like cycling, which is not 56 00:02:58,200 --> 00:03:02,120 Speaker 1: a massive sporting global terms, right, football soccer for the 57 00:03:02,160 --> 00:03:05,160 Speaker 1: Americans out there, it's not worth it for many brands 58 00:03:05,200 --> 00:03:08,160 Speaker 1: to sponsoring entire cycling team millions and millions of euros. 59 00:03:08,160 --> 00:03:11,080 Speaker 1: But like, if you can use that cycling team to 60 00:03:11,200 --> 00:03:15,880 Speaker 1: launder and normalize your state's reputation, if that cycling team 61 00:03:15,880 --> 00:03:18,480 Speaker 1: could be what people think of when they hear about 62 00:03:18,560 --> 00:03:21,400 Speaker 1: your country, then maybe that is worth it. Right, And 63 00:03:21,440 --> 00:03:23,600 Speaker 1: when you have a bottomless pot of oil money, you 64 00:03:23,600 --> 00:03:25,280 Speaker 1: don't have to worry so much about whether it's worth it. 65 00:03:25,560 --> 00:03:27,080 Speaker 2: Yeah, So the thing I want to do with this 66 00:03:27,160 --> 00:03:30,480 Speaker 2: episode is to get into why specifically the Saudis are 67 00:03:30,520 --> 00:03:33,120 Speaker 2: doing this right now, because again, like most countries do 68 00:03:34,080 --> 00:03:36,000 Speaker 2: sort of versions of this, right but again, you know, 69 00:03:36,080 --> 00:03:39,280 Speaker 2: that is one point two billion dollars they've thrown into 70 00:03:39,400 --> 00:03:41,920 Speaker 2: two StarCraft leagues that I primarily known them for StarCraft. 71 00:03:42,000 --> 00:03:43,880 Speaker 2: They do a bunch of stuff, but those things were 72 00:03:43,880 --> 00:03:46,960 Speaker 2: not worth one point five billion dollars, like, there's no way. 73 00:03:47,040 --> 00:03:48,720 Speaker 2: But most of the money that had been sponsoring this 74 00:03:48,720 --> 00:03:51,600 Speaker 2: stuff was crypto money, right, Okay, you know, but I 75 00:03:51,600 --> 00:03:54,240 Speaker 2: wanted to get into why this is sort of happening. 76 00:03:54,360 --> 00:03:57,120 Speaker 2: Something I think is very important to note going into 77 00:03:57,160 --> 00:03:59,440 Speaker 2: this is that the sort of league thing that's being 78 00:03:59,560 --> 00:04:02,320 Speaker 2: run right now is being run directly out of the 79 00:04:02,360 --> 00:04:04,800 Speaker 2: Saudi Sovereign Wealth Fund, which is called Public Investment Fund, 80 00:04:04,880 --> 00:04:09,280 Speaker 2: So this is directly state money. So the Esports World 81 00:04:09,280 --> 00:04:12,760 Speaker 2: Cup that's happening right now has sixty million dollars in prizes, 82 00:04:12,840 --> 00:04:17,960 Speaker 2: which is unreal is an extraordinary amount of money split 83 00:04:18,000 --> 00:04:20,960 Speaker 2: around twenty one esports. There are thirty sports teams involved, 84 00:04:20,960 --> 00:04:22,400 Speaker 2: and I am going to read the names of every 85 00:04:22,400 --> 00:04:25,200 Speaker 2: single fucking one of them, because fuck you. Okay, let's 86 00:04:25,200 --> 00:04:28,880 Speaker 2: do It Fanatic, G two Sports, Guildy Sports, car Mine Corp, 87 00:04:29,360 --> 00:04:31,680 Speaker 2: Movie Star KOI actual, I've never heard of those ones. 88 00:04:31,800 --> 00:04:36,599 Speaker 1: Uh Ognis Mouvey Stides. I'm guessing it's Spanish. That's a 89 00:04:36,680 --> 00:04:37,960 Speaker 1: Spanish telephone network. 90 00:04:38,440 --> 00:04:40,599 Speaker 2: Yeah, probably, you know, there's a couple I don't know, 91 00:04:40,600 --> 00:04:42,359 Speaker 2: but like, these are like the largest esports teams in 92 00:04:42,400 --> 00:04:46,520 Speaker 2: the world. Okay, Nija's and Pajamas or NIP Team Lique, 93 00:04:46,600 --> 00:04:48,159 Speaker 2: which I'm really sad about because I was a Team 94 00:04:48,160 --> 00:04:51,320 Speaker 2: Liquid fan for a fucking decade and I'm no longer 95 00:04:51,360 --> 00:04:54,919 Speaker 2: one now because fuck this shit. Team Secret Team, Vitality, 96 00:04:55,000 --> 00:04:58,400 Speaker 2: tuns of Esports, Vertus Pro one hundred Thieves, Cloud nine, 97 00:04:58,440 --> 00:05:03,320 Speaker 2: Phase Clan, Gavin Glad Mediators, Energy E Sports, space Station Gaming, TSM, 98 00:05:03,720 --> 00:05:09,520 Speaker 2: Blacklist International, LGD Gaming, Jenny Sports, t One, Talent Esports, 99 00:05:09,520 --> 00:05:13,400 Speaker 2: Webo Gaming, for Real Esports, Loud Team, Falcons, Twist and Minds. 100 00:05:13,440 --> 00:05:16,920 Speaker 2: Fuck all of you for fucking doing this and doing 101 00:05:16,960 --> 00:05:20,400 Speaker 2: the super pr thing. There's been a backlash, and the 102 00:05:20,440 --> 00:05:25,279 Speaker 2: backlash is largely focused on you know, Saudi's institutionalized state 103 00:05:25,320 --> 00:05:28,200 Speaker 2: homophobia and you know, I mean the fact that women 104 00:05:28,240 --> 00:05:31,520 Speaker 2: are not full citizens like miss such a Yeah, I 105 00:05:31,560 --> 00:05:33,440 Speaker 2: mean just are just straight up owned by their husbands, right, 106 00:05:33,480 --> 00:05:36,160 Speaker 2: Like that's that's that's how the sort of legal conservatorship works. 107 00:05:36,560 --> 00:05:40,000 Speaker 1: I'm not very familiar with esports, so I can be 108 00:05:40,080 --> 00:05:46,520 Speaker 1: there the podcast Grimace here competitions in esports like gender segregated? 109 00:05:46,560 --> 00:05:50,359 Speaker 2: Do people will compete together? Basically No, there are like 110 00:05:50,440 --> 00:05:54,200 Speaker 2: women's leagues, but like if you just if you want 111 00:05:54,200 --> 00:05:56,080 Speaker 2: to compete, you can just compete as soon you get 112 00:05:56,240 --> 00:05:58,000 Speaker 2: you don't get forced out by sexism. This is actually 113 00:05:58,000 --> 00:06:00,280 Speaker 2: a kind of big deal for StarCraft because about to 114 00:06:00,360 --> 00:06:03,080 Speaker 2: be four, but like probably the number two or number 115 00:06:03,120 --> 00:06:05,200 Speaker 2: three best StarCraft player in the US is Scarlett, who's 116 00:06:05,200 --> 00:06:07,039 Speaker 2: a trans woman, And I mean she's just in the 117 00:06:07,080 --> 00:06:11,440 Speaker 2: regular league, right like right, yeah? Are the turfs mad 118 00:06:11,480 --> 00:06:14,120 Speaker 2: about it? You know, it's funny inside the StarCraft community, 119 00:06:14,120 --> 00:06:15,560 Speaker 2: this was a huge thing for a long time, and 120 00:06:15,600 --> 00:06:18,960 Speaker 2: eventually the tides just turned against them because everyone likes 121 00:06:18,960 --> 00:06:21,520 Speaker 2: her because she's really good and she's also just like 122 00:06:21,680 --> 00:06:24,040 Speaker 2: a good person, and so they kind of I got 123 00:06:24,080 --> 00:06:25,760 Speaker 2: a watch over the years as they just kind of 124 00:06:25,960 --> 00:06:29,560 Speaker 2: got obliterated. Weirdly, the like regular turfs haven't really found 125 00:06:29,560 --> 00:06:32,400 Speaker 2: out about this, probably because StarCraft is I don't know, 126 00:06:33,560 --> 00:06:35,599 Speaker 2: too good of a game for them to be fucking 127 00:06:35,640 --> 00:06:39,800 Speaker 2: dealing with not understanding things has not stopped this. That's true. 128 00:06:39,920 --> 00:06:42,160 Speaker 2: That's true. It's kind of too obscure by this point. 129 00:06:42,680 --> 00:06:44,400 Speaker 2: But you know, like there's been a lot of real 130 00:06:44,440 --> 00:06:46,039 Speaker 2: concern for sort of queer players. There are a lot 131 00:06:46,080 --> 00:06:48,320 Speaker 2: of these teams, Like, right as they were announcing they 132 00:06:48,360 --> 00:06:51,200 Speaker 2: were going to the fucking Esports Well Cup, we're doing 133 00:06:51,279 --> 00:06:53,760 Speaker 2: all of these fucking Pride posts and talking about how 134 00:06:53,760 --> 00:06:56,080 Speaker 2: they're gonna let their players wear Pride jerseys. And it's like, 135 00:06:56,080 --> 00:06:59,160 Speaker 2: are you fucking kidding me? Yeah, you know, so they 136 00:06:59,160 --> 00:07:01,480 Speaker 2: physically pressed it Saudi Ara able to play. Yeah, yeah, 137 00:07:01,640 --> 00:07:04,799 Speaker 2: these these tournaments are happening physically in Riod. Okay, yeah, 138 00:07:05,320 --> 00:07:06,760 Speaker 2: you know this is this isn't the first one they've had. 139 00:07:06,800 --> 00:07:09,680 Speaker 2: They've had some other events before this too there, but 140 00:07:09,800 --> 00:07:12,040 Speaker 2: you know, like yeah, and yeah, think things are very 141 00:07:12,200 --> 00:07:14,840 Speaker 2: very bad. There was a well, a story that was 142 00:07:14,880 --> 00:07:18,360 Speaker 2: famous among trans people, but I don't ever think broke containment. 143 00:07:18,800 --> 00:07:21,720 Speaker 2: Was there's a Saudi trans woman named Eden who was 144 00:07:21,760 --> 00:07:24,760 Speaker 2: tricked into going back to like see her family, and 145 00:07:24,840 --> 00:07:26,840 Speaker 2: her family just kidnapped her and locked her up, and 146 00:07:26,880 --> 00:07:30,800 Speaker 2: she killed herself Jesus, And this is not an uncommon thing. 147 00:07:31,200 --> 00:07:33,800 Speaker 2: It happens to SIS women too sometimes when they try 148 00:07:33,840 --> 00:07:35,800 Speaker 2: to like get out of the country, sure is they'll 149 00:07:35,800 --> 00:07:37,840 Speaker 2: be kidnapped and like renditioned back. 150 00:07:38,280 --> 00:07:41,000 Speaker 1: Yeah, there have been some pretty good report on that. Yeah, 151 00:07:41,040 --> 00:07:42,840 Speaker 1: well linked them or something because it's too it'll be 152 00:07:42,840 --> 00:07:44,080 Speaker 1: too lanthly to go and do here. 153 00:07:44,280 --> 00:07:47,520 Speaker 2: Yeah, but I think I think kind of the weakness 154 00:07:47,640 --> 00:07:50,440 Speaker 2: of the backlash is that it doesn't it doesn't really 155 00:07:50,520 --> 00:07:54,720 Speaker 2: quite understand exactly why the Saudis are doing this. You know, 156 00:07:54,760 --> 00:07:58,960 Speaker 2: they understand that the Saudi government is incredibly repressive and 157 00:07:58,960 --> 00:08:02,000 Speaker 2: that it's you know, institutionally homophobic and it's instucially sexist. 158 00:08:02,640 --> 00:08:06,720 Speaker 2: It does not understand like just exactly how fucking bad 159 00:08:06,760 --> 00:08:09,320 Speaker 2: these people are. Like this is like the most feted 160 00:08:09,400 --> 00:08:11,880 Speaker 2: up state in the entire world. It is like it 161 00:08:12,200 --> 00:08:15,520 Speaker 2: is it is the fucking Cia state. And the rest 162 00:08:15,560 --> 00:08:18,000 Speaker 2: of this episode is going to be us running through 163 00:08:18,440 --> 00:08:21,320 Speaker 2: the exact sequence of stuff that caused the saudiast to 164 00:08:21,480 --> 00:08:24,280 Speaker 2: need to do all of this fucking pr bullshit, and 165 00:08:24,360 --> 00:08:27,680 Speaker 2: how the sort of structural economic cycle of funneling petro 166 00:08:27,720 --> 00:08:31,960 Speaker 2: dollars around has led to genocide and then also the 167 00:08:32,000 --> 00:08:35,240 Speaker 2: stupid fucking esports tournament for PR two things which I 168 00:08:35,360 --> 00:08:37,920 Speaker 2: not to say. But first, do you know who's probably 169 00:08:38,000 --> 00:08:41,680 Speaker 2: not a large enough company to have sponsored this tournament? 170 00:08:41,679 --> 00:08:44,280 Speaker 2: Although I can't promise that it's not KitKat or whatever 171 00:08:44,320 --> 00:08:46,599 Speaker 2: the fuck, hopean it is kit Kat. I would like 172 00:08:46,679 --> 00:08:48,839 Speaker 2: some kit cats if that is it. They're one of 173 00:08:48,880 --> 00:08:50,959 Speaker 2: the sponsors of this fucking Esports World Cup. 174 00:08:51,160 --> 00:08:54,440 Speaker 1: You can't poway for a biscuit, KitKat your hate cookie. 175 00:08:54,480 --> 00:08:56,480 Speaker 1: I don't want you to hate Joclabar anymore. 176 00:08:57,200 --> 00:08:59,400 Speaker 2: Yeah, it is the products and services of this podcast, 177 00:08:59,400 --> 00:09:03,040 Speaker 2: which hopefully are not supporting a genocide. But good god, 178 00:09:03,280 --> 00:09:16,080 Speaker 2: we copy show. Yeah, so we are back and we 179 00:09:16,160 --> 00:09:20,400 Speaker 2: are going to talk petro dollars. So Saudi wealth takes 180 00:09:20,400 --> 00:09:23,000 Speaker 2: a form of what are called petro dollars. Petro dollars 181 00:09:23,080 --> 00:09:26,360 Speaker 2: are in some sense, they're very very simple, right, It's 182 00:09:26,600 --> 00:09:30,120 Speaker 2: dollars that you get from selling oil. This is important 183 00:09:30,160 --> 00:09:32,520 Speaker 2: for a number of reasons. Though technically speaking, you can 184 00:09:32,600 --> 00:09:36,079 Speaker 2: sort of sell oil in other currencies now, but like 185 00:09:36,240 --> 00:09:39,560 Speaker 2: most oil in the world is sold specifically in dollars, 186 00:09:40,040 --> 00:09:41,680 Speaker 2: and so around the world, dollars are one of the 187 00:09:41,720 --> 00:09:43,760 Speaker 2: things that if you are an economy, you need dollars 188 00:09:43,800 --> 00:09:46,960 Speaker 2: in order to get oil from people. So huge sinks 189 00:09:47,000 --> 00:09:49,480 Speaker 2: of American dollars from all across the world, you know, 190 00:09:49,559 --> 00:09:51,120 Speaker 2: from the US of the US import a lot of 191 00:09:51,160 --> 00:09:55,240 Speaker 2: oil flow into these sort of oil producing countries. These 192 00:09:55,280 --> 00:09:58,320 Speaker 2: are called petro dollars. The most obvious manifestation of this 193 00:09:58,400 --> 00:10:01,320 Speaker 2: in Saudi Arabia is the Country Solving Wealth Fund, which 194 00:10:01,320 --> 00:10:06,040 Speaker 2: has nine hundred billion dollars of assets. Right this is 195 00:10:06,080 --> 00:10:09,600 Speaker 2: an unfathomable amount of money. It is so much money 196 00:10:09,720 --> 00:10:12,479 Speaker 2: that it is a structural problem for the global economy 197 00:10:12,880 --> 00:10:14,760 Speaker 2: trying to figure out what the fuck you do with 198 00:10:14,800 --> 00:10:18,440 Speaker 2: this money. This is a problem that has caused disaster 199 00:10:18,760 --> 00:10:20,480 Speaker 2: around the world. It is something where I'm fond of 200 00:10:20,480 --> 00:10:21,880 Speaker 2: talking about on this show, but we're going to talk 201 00:10:21,880 --> 00:10:24,880 Speaker 2: about again because it's important here. In the seventies and eighties, 202 00:10:25,040 --> 00:10:27,360 Speaker 2: as sort of Opek realized that it could, you know, 203 00:10:27,480 --> 00:10:30,760 Speaker 2: use its sort of political power to gain enormous amounts 204 00:10:30,760 --> 00:10:32,960 Speaker 2: of wealth and power and gain enormous amounts of petro 205 00:10:33,000 --> 00:10:36,760 Speaker 2: dollars by controlling the price of oil. Suddenly they had, 206 00:10:36,800 --> 00:10:38,360 Speaker 2: you know that you have hundreds of billions of dollars 207 00:10:38,400 --> 00:10:41,319 Speaker 2: floating around and because this is capitalism, you can't just 208 00:10:41,400 --> 00:10:42,840 Speaker 2: sit on that money. You have to find a way 209 00:10:42,880 --> 00:10:45,000 Speaker 2: to turn that money into more money. But again, you know, 210 00:10:45,360 --> 00:10:47,400 Speaker 2: I mean just a Solfing wealth fund is almost a 211 00:10:47,440 --> 00:10:52,160 Speaker 2: trillion dollars, right, and so this is extremely hard and 212 00:10:52,200 --> 00:10:54,880 Speaker 2: it means that this money is constantly flowing around the 213 00:10:54,880 --> 00:10:57,080 Speaker 2: world trying to find a way to get returns on it, 214 00:10:57,120 --> 00:10:59,880 Speaker 2: you know. And in the modern era, these are things 215 00:11:00,120 --> 00:11:03,960 Speaker 2: like people remember we work but incredibly stupid dune From 216 00:11:04,000 --> 00:11:07,960 Speaker 2: the beginning office space rental scheme that went under that 217 00:11:07,960 --> 00:11:10,200 Speaker 2: that was a lot of that was funded by Saudi 218 00:11:10,200 --> 00:11:12,400 Speaker 2: money because studies had put an enormous amount of money 219 00:11:12,520 --> 00:11:15,440 Speaker 2: in this Japanese bank called soft Bank, and soft Bank 220 00:11:15,520 --> 00:11:17,200 Speaker 2: was trying to figure out what to do with this 221 00:11:17,280 --> 00:11:18,920 Speaker 2: unfathole amount of money, and they were like, Okay, what 222 00:11:19,000 --> 00:11:21,520 Speaker 2: if we fund the dumbest project of all time? 223 00:11:22,080 --> 00:11:24,160 Speaker 1: Yeah, it became a thing where they could fund it, 224 00:11:24,200 --> 00:11:27,320 Speaker 1: and like, just by them funding it, its stock price 225 00:11:27,320 --> 00:11:29,280 Speaker 1: would go up, even if it was like we work 226 00:11:29,520 --> 00:11:30,800 Speaker 1: a really shit idea. 227 00:11:31,240 --> 00:11:33,400 Speaker 2: Yeah, And this is something about global capital that I 228 00:11:33,640 --> 00:11:39,120 Speaker 2: don't think has been fully processed. Really. But the the sheer, 229 00:11:39,559 --> 00:11:42,520 Speaker 2: the sheer extent of capital concentration, right, the amount of 230 00:11:42,559 --> 00:11:44,560 Speaker 2: money that the richest people in the world and the 231 00:11:44,600 --> 00:11:46,240 Speaker 2: richest sort of families in the world in the sort 232 00:11:46,280 --> 00:11:49,120 Speaker 2: of Saudi case, right, you know, the Saudi Arabia is 233 00:11:49,360 --> 00:11:51,640 Speaker 2: a country where a family has access to the resources 234 00:11:51,679 --> 00:11:56,520 Speaker 2: of extremely wealthy nation state, right, And that being true 235 00:11:56,600 --> 00:11:59,000 Speaker 2: has structural effects on the entire rest of the economy 236 00:11:59,040 --> 00:12:01,360 Speaker 2: because you know, we've been seeing the consequences of this 237 00:12:01,640 --> 00:12:03,679 Speaker 2: for a long time in the tech sector, right, where 238 00:12:03,840 --> 00:12:06,800 Speaker 2: you don't have to fucking make money, like your revenue 239 00:12:06,840 --> 00:12:10,200 Speaker 2: stream can just be investor money, and you can coast 240 00:12:10,200 --> 00:12:13,280 Speaker 2: for a decade off of just taking money from the 241 00:12:13,320 --> 00:12:15,240 Speaker 2: Saudis who are like trying to find some way to 242 00:12:15,240 --> 00:12:17,200 Speaker 2: turn this money. And the more money. I think this 243 00:12:17,240 --> 00:12:19,960 Speaker 2: has downstream effects that don't we haven't even begun to 244 00:12:20,240 --> 00:12:24,120 Speaker 2: really understand yet, right. But very famously in the seventies 245 00:12:24,120 --> 00:12:26,319 Speaker 2: and eighties, there was all this money flowing around, and 246 00:12:26,760 --> 00:12:30,680 Speaker 2: what it was poured into was the Third Book debt crisis. 247 00:12:30,679 --> 00:12:34,160 Speaker 2: People bought state debt with it, and then these loans 248 00:12:34,160 --> 00:12:36,960 Speaker 2: were on it were on adjustable rates, onjustable interest rates. 249 00:12:37,000 --> 00:12:40,120 Speaker 2: So when the vulcar shock hit and the US like 250 00:12:40,200 --> 00:12:42,960 Speaker 2: massively increased interest rates. The interest rates on these loans 251 00:12:43,000 --> 00:12:45,199 Speaker 2: like skyrocketed, and suddenly, you know, you're paying like fifty 252 00:12:45,200 --> 00:12:48,280 Speaker 2: percent interest on a loan of like cephal billion dollars. 253 00:12:48,320 --> 00:12:51,480 Speaker 2: And all of these countries are just systematically looted. Their 254 00:12:51,480 --> 00:12:55,440 Speaker 2: economies are destroyed. I mean, David Grab rememorably talks about 255 00:12:55,800 --> 00:13:00,280 Speaker 2: this thing in Madagascar where Madagascar had eliminated malaria. You know, 256 00:13:00,320 --> 00:13:03,440 Speaker 2: but the way you eliminate malaria is through mosquito extermination. 257 00:13:03,640 --> 00:13:05,440 Speaker 2: Like programs are not that expensive, but they are a 258 00:13:05,440 --> 00:13:08,720 Speaker 2: little bit expensive. And when the fucking government of metag 259 00:13:08,800 --> 00:13:10,880 Speaker 2: Escar had to like pay off this IMF debt, they 260 00:13:10,880 --> 00:13:13,400 Speaker 2: had to get rid of the they got rid of 261 00:13:13,440 --> 00:13:15,760 Speaker 2: this mosquito programs, and there was a malaria outbreak and 262 00:13:15,760 --> 00:13:18,240 Speaker 2: it killed unfathomable numbers of people, and stuff like this 263 00:13:18,280 --> 00:13:21,160 Speaker 2: happened all over the world. And the source of all 264 00:13:21,200 --> 00:13:23,120 Speaker 2: of this, right, partially the source of this is these loans, 265 00:13:23,120 --> 00:13:26,400 Speaker 2: And partially the source of this is this these enormous 266 00:13:26,440 --> 00:13:28,800 Speaker 2: piles of petro dollars that you have to find some 267 00:13:28,880 --> 00:13:31,800 Speaker 2: way to sort of turn into more capital, right, And 268 00:13:32,200 --> 00:13:35,040 Speaker 2: you know, so there are sort of trademark things you 269 00:13:35,040 --> 00:13:37,079 Speaker 2: can do with this money. One of them is buying 270 00:13:37,080 --> 00:13:40,080 Speaker 2: a bunch of military equipment. Mostly what you're doing with 271 00:13:40,080 --> 00:13:42,120 Speaker 2: that is sort of buying American patronage. If you spend 272 00:13:42,200 --> 00:13:44,520 Speaker 2: enormous amount of money buying American tanks, and this is 273 00:13:44,559 --> 00:13:46,440 Speaker 2: you know something this out he has been doing for ages, right, 274 00:13:46,960 --> 00:13:49,360 Speaker 2: you spend a bunch of money on American defense contracts. 275 00:13:49,480 --> 00:13:51,680 Speaker 2: You know, you can sort of buy us protection and 276 00:13:51,679 --> 00:13:53,720 Speaker 2: guarantees that you know, for example, as it is going 277 00:13:53,760 --> 00:13:55,640 Speaker 2: to happen later in this episode, you can buy a 278 00:13:55,679 --> 00:13:59,760 Speaker 2: guarantee that an invading army won't sack your capital. But 279 00:14:00,120 --> 00:14:01,800 Speaker 2: with the Saudis is that they have a lot of equipment, 280 00:14:01,880 --> 00:14:07,360 Speaker 2: but Saudi Arabia cannot maintain a strong functional army. If 281 00:14:07,360 --> 00:14:09,560 Speaker 2: they were, if they had an actual serious army, there 282 00:14:09,600 --> 00:14:13,120 Speaker 2: would be a coup tomorrow. So their army is extremely 283 00:14:13,200 --> 00:14:16,200 Speaker 2: well equipped kind of, but it's trained like shit, and 284 00:14:16,240 --> 00:14:20,480 Speaker 2: it's run by like just dipshits intentionally so that it sucks. 285 00:14:20,920 --> 00:14:22,320 Speaker 2: But you know, so that's like sort of one thing 286 00:14:22,360 --> 00:14:24,000 Speaker 2: you can do with this money. A lot of this 287 00:14:24,080 --> 00:14:27,160 Speaker 2: money ended up going into real estate, and there are 288 00:14:27,200 --> 00:14:30,000 Speaker 2: sort of cycles of this happening. The one that ain't 289 00:14:30,000 --> 00:14:32,360 Speaker 2: that's of concern to us is what happens after two 290 00:14:32,400 --> 00:14:35,160 Speaker 2: thousand and eight, in the sort of aftermath of two 291 00:14:35,200 --> 00:14:39,680 Speaker 2: thousand and eight, there are still places in the world where, 292 00:14:40,640 --> 00:14:43,320 Speaker 2: you know, you can park an extremely large amount of 293 00:14:43,400 --> 00:14:47,440 Speaker 2: money in real estate and have it be a relatively 294 00:14:47,520 --> 00:14:51,560 Speaker 2: liquid asset. If you have like property in a market 295 00:14:51,560 --> 00:14:53,120 Speaker 2: that is, you know, where the housing market is really 296 00:14:53,160 --> 00:14:55,560 Speaker 2: hot and prices are increasing rapidly, you can pretty quickly 297 00:14:55,600 --> 00:14:57,200 Speaker 2: get rid of it. And you can also there's liquidity, 298 00:14:57,240 --> 00:14:59,560 Speaker 2: there's sort of financial instruments you can do based off 299 00:14:59,600 --> 00:15:02,760 Speaker 2: of your ownership of real estate. And this is something 300 00:15:02,760 --> 00:15:06,120 Speaker 2: that drives the Saudis into a bunch of very very 301 00:15:06,240 --> 00:15:08,040 Speaker 2: I don't know if risky is exactly the right word, 302 00:15:08,040 --> 00:15:12,760 Speaker 2: but a bunch of moves in Many real estate that really, 303 00:15:12,800 --> 00:15:16,040 Speaker 2: truly we're about to not pay off. There's a very 304 00:15:16,040 --> 00:15:20,400 Speaker 2: good book about this, it's by Lisa Bloomy called Destroying Yemen, 305 00:15:21,280 --> 00:15:23,520 Speaker 2: which is about like a lot of the factors that 306 00:15:23,560 --> 00:15:25,400 Speaker 2: start the war in Yemen, and this this is one 307 00:15:25,440 --> 00:15:25,720 Speaker 2: of them. 308 00:15:25,800 --> 00:15:25,960 Speaker 1: Right. 309 00:15:26,480 --> 00:15:29,680 Speaker 2: We can't really do a full recap of the Many 310 00:15:29,720 --> 00:15:34,440 Speaker 2: Civil War because that's that's its own seven hundred episode podcast, like, 311 00:15:35,160 --> 00:15:39,280 Speaker 2: oh god it is. Yeah, it's on a surface level, 312 00:15:39,320 --> 00:15:41,240 Speaker 2: it's not that complicated, but the moment you get any 313 00:15:41,280 --> 00:15:44,440 Speaker 2: granular detail on it, it's like the most complicated conflict 314 00:15:44,440 --> 00:15:45,160 Speaker 2: I've ever studied. 315 00:15:45,520 --> 00:15:48,200 Speaker 1: Yeah, I mean there's so many conflicts like this, right, Like, yeah, 316 00:15:48,400 --> 00:15:49,680 Speaker 1: civil war appreciates us. 317 00:15:50,280 --> 00:15:53,480 Speaker 2: When I was studying Yemen in college, I longed for 318 00:15:53,520 --> 00:15:57,040 Speaker 2: the simplicity of the Spanish Civil War, Like this conflict 319 00:15:57,080 --> 00:16:02,000 Speaker 2: is nuts. Yeah, but for simplicity's sake. There's roughly ish 320 00:16:02,640 --> 00:16:04,880 Speaker 2: two factions. There are the sort of forces allied with 321 00:16:04,920 --> 00:16:07,080 Speaker 2: what's called the Coalition government, which is the government backed 322 00:16:07,080 --> 00:16:10,520 Speaker 2: by the Saudis, and then there are what's sort of 323 00:16:10,520 --> 00:16:12,680 Speaker 2: in the west become called the Huthis. I mean, it's 324 00:16:12,680 --> 00:16:15,240 Speaker 2: more complicated. It's all of this is enormously more complicated 325 00:16:15,280 --> 00:16:17,640 Speaker 2: than that. These are all alliances. A lot of these 326 00:16:17,640 --> 00:16:21,240 Speaker 2: alliances are extremely tenuous. But one of the things that 327 00:16:21,240 --> 00:16:24,200 Speaker 2: happens is that when when a government that is hostile 328 00:16:24,240 --> 00:16:26,280 Speaker 2: to the Saudis, which is like you know, the sort 329 00:16:26,320 --> 00:16:29,480 Speaker 2: of like unter a law like that, whole coalition is 330 00:16:29,640 --> 00:16:31,880 Speaker 2: very also to the Saudiast because the Saudis sucks shit. 331 00:16:32,440 --> 00:16:34,880 Speaker 2: You know, suddenly the Saudis are looking at an enormous 332 00:16:34,960 --> 00:16:37,400 Speaker 2: amount of capital they've sunk into real estate that they 333 00:16:37,440 --> 00:16:39,960 Speaker 2: are you know, based on these like incredibly corrupt land 334 00:16:40,000 --> 00:16:43,280 Speaker 2: deals with the previous administration, which have been friendly to them. 335 00:16:43,600 --> 00:16:46,640 Speaker 2: They are looking at suddenly losing all this land. The 336 00:16:46,640 --> 00:16:48,520 Speaker 2: Saudis weren't the first people to come into sort of 337 00:16:48,560 --> 00:16:51,400 Speaker 2: the many real estate market right on the uae Omah 338 00:16:51,440 --> 00:16:52,840 Speaker 2: and a bunch of other states has sort of been 339 00:16:52,840 --> 00:16:55,200 Speaker 2: in there before. And so part of what a big 340 00:16:55,200 --> 00:16:56,680 Speaker 2: part of what this sort of this like what's called 341 00:16:56,680 --> 00:17:00,840 Speaker 2: the coalition is this like basic a bunch of these 342 00:17:00,880 --> 00:17:04,320 Speaker 2: assholes trying to protect their housing assets. Look, that's a 343 00:17:04,320 --> 00:17:05,960 Speaker 2: lot of what a lot of wars are if we're 344 00:17:05,960 --> 00:17:06,119 Speaker 2: on it. 345 00:17:06,160 --> 00:17:11,160 Speaker 1: It's people trying to protect xoy assets, right like Unfortunately. 346 00:17:11,320 --> 00:17:14,919 Speaker 2: Yeah, and it's not really seen in these terms in 347 00:17:14,960 --> 00:17:18,560 Speaker 2: the way that's covered, but that's a lot of what's 348 00:17:18,640 --> 00:17:23,680 Speaker 2: going on. And this produces one of the worst wars 349 00:17:23,960 --> 00:17:25,880 Speaker 2: of the twenty first century, which is saying something because 350 00:17:25,880 --> 00:17:27,639 Speaker 2: the twenty for centuries had a lot of really really 351 00:17:27,720 --> 00:17:30,560 Speaker 2: terrible wars. Yeah, we've had some reference, Yeah, and we're 352 00:17:30,560 --> 00:17:32,560 Speaker 2: going to get into what the Saudis were doing during 353 00:17:32,600 --> 00:17:46,360 Speaker 2: this war. After these products and services, we have returned 354 00:17:46,440 --> 00:17:48,720 Speaker 2: and the thing we're returning into is a really really 355 00:17:48,800 --> 00:17:52,159 Speaker 2: bleak war. So we said this kind of from the beginning, right, 356 00:17:52,200 --> 00:17:56,000 Speaker 2: the Saudi military is not very good. The Saudi's attempt 357 00:17:56,119 --> 00:17:58,439 Speaker 2: to sort of end the war by like rolling a 358 00:17:58,480 --> 00:18:01,000 Speaker 2: tank column over the border, it's just like I think 359 00:18:01,000 --> 00:18:04,840 Speaker 2: it's twenty fourteen, twenty fifteen, in like the early period 360 00:18:04,880 --> 00:18:06,359 Speaker 2: of the war, they try to end up by just 361 00:18:06,440 --> 00:18:09,000 Speaker 2: rolling tanks, and tanks get obliterated because the Saudi army 362 00:18:09,280 --> 00:18:12,840 Speaker 2: isn't worth shit, right. All of their ground forces are 363 00:18:13,240 --> 00:18:16,680 Speaker 2: a joke. But their air force is very very well 364 00:18:16,720 --> 00:18:20,119 Speaker 2: equipped with a bunch of like incredibly modern US warplanes 365 00:18:20,119 --> 00:18:21,720 Speaker 2: that we sell them all the fucking time, and so 366 00:18:22,600 --> 00:18:24,399 Speaker 2: you know, they don't really have good infantry. What they 367 00:18:24,400 --> 00:18:26,639 Speaker 2: have the ability to do is just obliterate people with 368 00:18:26,960 --> 00:18:30,040 Speaker 2: air strikes. The kind of like terror air campaign that 369 00:18:30,040 --> 00:18:31,960 Speaker 2: they're waging is something that I think we're all familiar 370 00:18:32,040 --> 00:18:35,480 Speaker 2: with from Palestine. But they're doing air strikes on school 371 00:18:35,480 --> 00:18:38,600 Speaker 2: buses full of children. They're taking the American thing. They 372 00:18:38,600 --> 00:18:41,960 Speaker 2: are doing double tap drone strikes on weddings where they're 373 00:18:42,040 --> 00:18:44,040 Speaker 2: hitting a wedding and then when rescue workers come up, 374 00:18:44,040 --> 00:18:46,120 Speaker 2: they hit they hit the rescue workers with air strikes. Right, 375 00:18:46,320 --> 00:18:47,639 Speaker 2: I'm pretty sure it was young when they had the 376 00:18:47,640 --> 00:18:50,000 Speaker 2: triple tap fucking air strike where they did an airstrike 377 00:18:50,040 --> 00:18:52,560 Speaker 2: on someone's funeral, they didn't airstrike on the rescue workers, 378 00:18:52,600 --> 00:18:53,960 Speaker 2: and then when they had a funeral for those people, 379 00:18:54,000 --> 00:18:57,119 Speaker 2: they did air strike on fucking that. This is a 380 00:18:58,119 --> 00:19:00,840 Speaker 2: just unbelievably brutal war. And you know, I want to 381 00:19:00,880 --> 00:19:02,960 Speaker 2: get which we talked about, right, like there are some 382 00:19:03,160 --> 00:19:08,320 Speaker 2: there are some parts of the Saudi coalition that can 383 00:19:08,560 --> 00:19:12,320 Speaker 2: you know, field ground forces, right, that stuffs mostly the 384 00:19:12,359 --> 00:19:15,679 Speaker 2: sort of southern secessionist groups, and those people are not 385 00:19:16,680 --> 00:19:19,600 Speaker 2: really that loyal, so you know, so they have to 386 00:19:19,640 --> 00:19:22,040 Speaker 2: start importing infantry to try to fight the who thies, 387 00:19:22,200 --> 00:19:25,800 Speaker 2: and so they're importing a bunch of Colombian mercenaries. So 388 00:19:25,840 --> 00:19:28,080 Speaker 2: these are guys who've been like desk squad guys in Columbia. 389 00:19:28,440 --> 00:19:31,680 Speaker 1: The Colombian guys are the new I was going to say, 390 00:19:31,680 --> 00:19:34,680 Speaker 1: the new Rhodesians. That it's a dark shadow to cost 391 00:19:34,760 --> 00:19:35,879 Speaker 1: and a group of human beings. 392 00:19:36,440 --> 00:19:38,080 Speaker 2: Yeah, it used. 393 00:19:37,880 --> 00:19:40,520 Speaker 1: To be that when you were running into private military 394 00:19:40,520 --> 00:19:46,240 Speaker 1: contractors abroad, it would be people white folks from Africa, right, 395 00:19:46,359 --> 00:19:49,199 Speaker 1: like they call themselves Rhudesian South Africans, what have you. 396 00:19:50,200 --> 00:19:52,760 Speaker 1: Now you'll see a lot of like a lot of 397 00:19:52,800 --> 00:19:56,359 Speaker 1: private military contractors, like at the boots on the ground, 398 00:19:56,640 --> 00:19:58,480 Speaker 1: you know, infantry level of Colombians. 399 00:19:59,160 --> 00:20:01,520 Speaker 2: Yeah, And so that that's one of the sources they 400 00:20:01,560 --> 00:20:04,600 Speaker 2: went to. But then you know, part of the Saudi 401 00:20:04,600 --> 00:20:08,040 Speaker 2: coalition is the UAE, and the UAE has a lot 402 00:20:08,040 --> 00:20:11,120 Speaker 2: of very very close ties to militant groups in Sudance. 403 00:20:11,160 --> 00:20:15,000 Speaker 2: Specifically a group of militias that's now known the West 404 00:20:15,040 --> 00:20:18,160 Speaker 2: is the Rapid Response Forces. But these are the people 405 00:20:18,160 --> 00:20:20,440 Speaker 2: who did the genocide and are for and they are 406 00:20:20,480 --> 00:20:23,960 Speaker 2: like right now like doing a genocide in like in 407 00:20:24,040 --> 00:20:25,960 Speaker 2: Sudan as they attempt to sort of seize control of 408 00:20:26,000 --> 00:20:29,480 Speaker 2: the country. And because the UAE is very very well 409 00:20:29,480 --> 00:20:31,840 Speaker 2: connected to these, one of the ways that the coalition 410 00:20:32,040 --> 00:20:36,600 Speaker 2: tries to get ground troops is by using troops who 411 00:20:36,600 --> 00:20:39,520 Speaker 2: were you know, kidnapped by these militias. And when I 412 00:20:39,520 --> 00:20:42,280 Speaker 2: say troops, I mean child soldiers. The forces that they 413 00:20:42,280 --> 00:20:44,639 Speaker 2: are deploying in Yemen in an attempt to use as 414 00:20:44,720 --> 00:20:49,480 Speaker 2: cannon fodder are Sudanese child soldiers. It is unbelievably believe, 415 00:20:49,480 --> 00:20:51,480 Speaker 2: I mean kind of funnily. A lot of these people 416 00:20:51,520 --> 00:20:53,760 Speaker 2: end up not fighting because they you know, they get 417 00:20:53,760 --> 00:20:55,679 Speaker 2: handed a rifle, will get thrown into Yemen and they 418 00:20:55,680 --> 00:21:00,520 Speaker 2: just immediately sell their guns. And I refused, but like, 419 00:21:00,760 --> 00:21:02,440 Speaker 2: you know, but like that, that's the kind of shit. 420 00:21:02,600 --> 00:21:05,800 Speaker 2: Like again, the kind of pure evil we are dealing 421 00:21:05,840 --> 00:21:08,680 Speaker 2: with is we are having the guys who did the dart, 422 00:21:08,720 --> 00:21:12,720 Speaker 2: who did the fucking Darfur genocide, kidnap fucking villagers from 423 00:21:12,760 --> 00:21:15,919 Speaker 2: Sudan like child soldiers from Sudan and attempting to use 424 00:21:15,960 --> 00:21:18,359 Speaker 2: them as cannon father in their fucking war in Yemen 425 00:21:18,480 --> 00:21:20,680 Speaker 2: so they can like defend their fucking real estate assets. 426 00:21:20,760 --> 00:21:23,560 Speaker 1: Yeah right, I think Friend of the Show Eric Prince 427 00:21:23,800 --> 00:21:26,400 Speaker 1: makes a uh makes an appearance in Yemen as well 428 00:21:26,800 --> 00:21:30,399 Speaker 1: his Triumvira of companies, which are the same company, right 429 00:21:30,480 --> 00:21:31,280 Speaker 1: Black waters Z. 430 00:21:31,800 --> 00:21:35,320 Speaker 2: Yeah. Probably, I quite frankly don't remember that part, but 431 00:21:36,200 --> 00:21:39,120 Speaker 2: probably also Yeah, you can rely on EP to show 432 00:21:39,200 --> 00:21:41,840 Speaker 2: up in a situation I is. Yeah, I mean the 433 00:21:41,880 --> 00:21:44,399 Speaker 2: part of this we haven't gotten to yet is the 434 00:21:44,480 --> 00:21:46,879 Speaker 2: worst part of it, which is so this the Saudist 435 00:21:47,000 --> 00:21:50,320 Speaker 2: and the sort of coalition government they you know, they 436 00:21:50,359 --> 00:21:53,479 Speaker 2: do okay in the sort of southwest of the country 437 00:21:53,520 --> 00:21:57,840 Speaker 2: because the Southern Yemen secessions groups are well organized and 438 00:21:57,880 --> 00:22:00,800 Speaker 2: are good soldiers, even if they've sort of rebel and 439 00:22:01,119 --> 00:22:03,800 Speaker 2: there's this whole it's it's a whole mess. But in 440 00:22:03,840 --> 00:22:07,360 Speaker 2: the west of the country, everything is completely different, and 441 00:22:07,440 --> 00:22:09,199 Speaker 2: you know, they're they're basically getting their shit kicked in. 442 00:22:09,680 --> 00:22:14,280 Speaker 2: And in that theater, the Saudi's plan is we are 443 00:22:14,320 --> 00:22:17,000 Speaker 2: going to starve the country. So you know that the 444 00:22:17,040 --> 00:22:20,720 Speaker 2: Saudi the Saudis have naval assets. Nobody else really in 445 00:22:20,760 --> 00:22:24,119 Speaker 2: this war does, right, and they just set up a 446 00:22:24,160 --> 00:22:26,520 Speaker 2: blockade on like all of the ports on that side 447 00:22:26,520 --> 00:22:29,320 Speaker 2: of the country. We do not know how many people 448 00:22:29,320 --> 00:22:32,240 Speaker 2: get starved as a result of this. The last good 449 00:22:32,240 --> 00:22:34,280 Speaker 2: mortality figures I could I could find, this war is 450 00:22:34,320 --> 00:22:37,040 Speaker 2: still going on, by the way. I mean, fighting has 451 00:22:37,240 --> 00:22:40,080 Speaker 2: gotten a lot less intense since of twenty twenty one, 452 00:22:40,160 --> 00:22:42,639 Speaker 2: twenty twenty two, but I mean it's it's still going 453 00:22:43,119 --> 00:22:45,640 Speaker 2: The last good numbers that I can find suggest three 454 00:22:45,760 --> 00:22:49,960 Speaker 2: hundred and seventy seven thousand dead and it's probably way 455 00:22:50,040 --> 00:22:52,360 Speaker 2: way worse than that, because again we just don't know 456 00:22:52,400 --> 00:22:54,760 Speaker 2: how many people died in the famines that you know 457 00:22:54,840 --> 00:22:57,840 Speaker 2: that that the Saudi set off, and this was you know, 458 00:22:57,880 --> 00:23:00,800 Speaker 2: this was explicitly there there. They're planned here was to 459 00:23:00,960 --> 00:23:03,280 Speaker 2: just kill off the population of this part of Yemen 460 00:23:03,359 --> 00:23:06,359 Speaker 2: by starving them to death. You know, this is the genocide, right, 461 00:23:06,359 --> 00:23:08,240 Speaker 2: They were attempting to do a genocide. It doesn't work, 462 00:23:08,280 --> 00:23:11,120 Speaker 2: and it doesn't work because I mean, there's a number 463 00:23:11,160 --> 00:23:13,840 Speaker 2: of reasons why it doesn't work. They basically they get 464 00:23:13,840 --> 00:23:18,800 Speaker 2: defeated militarily. Kuthi troops like take several cities like inside 465 00:23:18,800 --> 00:23:20,879 Speaker 2: of Saudi Arabia and like they like they march across 466 00:23:20,880 --> 00:23:23,479 Speaker 2: the border and take them, and you know, I mean 467 00:23:23,520 --> 00:23:25,440 Speaker 2: it's it's bad enough for the Saudis that like there's 468 00:23:25,480 --> 00:23:27,239 Speaker 2: a moment where it like it looks like they're going 469 00:23:27,280 --> 00:23:29,720 Speaker 2: to lose ri odd and the US has to step 470 00:23:29,760 --> 00:23:31,680 Speaker 2: in and be like no, like okay, you guys need 471 00:23:31,720 --> 00:23:33,840 Speaker 2: to fucking pull out of this shit. But that you 472 00:23:33,920 --> 00:23:38,560 Speaker 2: know that, and that that makes the war less bad, 473 00:23:39,480 --> 00:23:42,000 Speaker 2: you know, like the blockadees not still in place. But 474 00:23:42,080 --> 00:23:44,000 Speaker 2: this is the situation in twenty twenty two that we 475 00:23:44,040 --> 00:23:46,280 Speaker 2: walk into when when suddenly there's they're buying all these 476 00:23:46,400 --> 00:23:50,000 Speaker 2: esports companies that they have just attempted to commit a genocide, right, 477 00:23:50,760 --> 00:23:53,600 Speaker 2: they have just attempted to exterminate a vast part of 478 00:23:53,600 --> 00:23:56,439 Speaker 2: the population of Yemen. That's I think, like really the 479 00:23:56,480 --> 00:23:59,040 Speaker 2: true sort of heart of darkness, evil shit, right, Like 480 00:23:59,160 --> 00:24:01,920 Speaker 2: I don't know, it's like us and Cambodia is shit. 481 00:24:02,480 --> 00:24:05,760 Speaker 2: But you know there's stuff that got more media attention too, 482 00:24:05,800 --> 00:24:08,000 Speaker 2: which was like in a lot of ways more harmful 483 00:24:08,040 --> 00:24:10,280 Speaker 2: to them because that the pr from it. But one 484 00:24:10,280 --> 00:24:11,960 Speaker 2: of the things I think people have forgotten now because 485 00:24:12,000 --> 00:24:14,800 Speaker 2: this was six years ago, is that in twenty eighteen, 486 00:24:15,440 --> 00:24:20,040 Speaker 2: they kidnapped and then killed a Washington Post columnist named 487 00:24:20,080 --> 00:24:22,960 Speaker 2: Jamal kas Shogi. Yeah, by tricking him into going into 488 00:24:22,960 --> 00:24:26,560 Speaker 2: a consulate, killing him, carving his body up with a 489 00:24:26,640 --> 00:24:29,959 Speaker 2: bone saw. And we're pretty sure the way that they 490 00:24:29,960 --> 00:24:32,120 Speaker 2: got the body out of the consulate was by stuffing 491 00:24:32,160 --> 00:24:35,960 Speaker 2: the fucking again bone saled parts of his body into 492 00:24:36,320 --> 00:24:38,800 Speaker 2: embassy bags and a diplomatic community and walking them out 493 00:24:38,840 --> 00:24:39,400 Speaker 2: of the embassy. 494 00:24:40,119 --> 00:24:43,040 Speaker 1: Yeah, this is one of those things that I should 495 00:24:43,119 --> 00:24:46,080 Speaker 1: never be forgotten, right, Like, yeah, he was a citizen right, 496 00:24:46,200 --> 00:24:47,240 Speaker 1: was he a green cod hode? 497 00:24:48,160 --> 00:24:52,920 Speaker 2: I'm not one hundred percent sure, but this is obviously 498 00:24:53,320 --> 00:24:56,600 Speaker 2: like a fucking unbelievable crime. I think I wish that, 499 00:24:57,440 --> 00:24:59,600 Speaker 2: you know, the fact that they were doing fucking air 500 00:24:59,600 --> 00:25:03,040 Speaker 2: strikes school buses had gotten as much attention as this did. 501 00:25:03,240 --> 00:25:06,199 Speaker 2: But you know, for for a long time, right like 502 00:25:06,240 --> 00:25:09,000 Speaker 2: in the late twenty tens and the early twenty twenties. 503 00:25:09,000 --> 00:25:11,159 Speaker 2: And this this was an issue in the twenty twenty 504 00:25:11,680 --> 00:25:14,520 Speaker 2: presidential campaigns because you know, I mean, Trump fucking went 505 00:25:14,560 --> 00:25:17,600 Speaker 2: and touched the orb with Muhammed bin Salman, who's the 506 00:25:17,880 --> 00:25:22,120 Speaker 2: Crown Prince of now Well at the time, was known 507 00:25:22,160 --> 00:25:25,520 Speaker 2: as Mohammad been bone saw because she just trade up 508 00:25:25,600 --> 00:25:28,560 Speaker 2: ordered this guy to be fucking bone salved, you know. 509 00:25:28,600 --> 00:25:30,160 Speaker 2: But like that, it was. It was a real sort 510 00:25:30,160 --> 00:25:31,880 Speaker 2: of issue. And this is the reputation that the Saudi 511 00:25:31,920 --> 00:25:36,280 Speaker 2: government has that causes them to kind of go really 512 00:25:36,320 --> 00:25:39,000 Speaker 2: really hard into the into this esports angle. And there's 513 00:25:39,080 --> 00:25:41,119 Speaker 2: one last kind of angle to this, which is like 514 00:25:41,920 --> 00:25:44,760 Speaker 2: the worst kept secret in the oil of the oil market, 515 00:25:44,800 --> 00:25:47,040 Speaker 2: is that the Saudi's are running out of oil. It's 516 00:25:47,040 --> 00:25:50,160 Speaker 2: like it's it's technically a secret, but it's like everyone 517 00:25:50,359 --> 00:25:53,399 Speaker 2: knows this, Like every everyone knows that a lot of 518 00:25:54,040 --> 00:25:57,480 Speaker 2: sort of oil that's technically sold by Saudi Ramco is 519 00:25:57,640 --> 00:26:01,240 Speaker 2: not their oil, it's their labels and other people's And 520 00:26:01,359 --> 00:26:03,240 Speaker 2: people have known this for a long time, and the 521 00:26:03,280 --> 00:26:06,119 Speaker 2: South's obviously know it. And so the trick they have 522 00:26:06,240 --> 00:26:08,440 Speaker 2: to pull right in order to continue to be this 523 00:26:08,840 --> 00:26:13,480 Speaker 2: fucking like nightmare dictatorship state propped up by the CIA, 524 00:26:13,840 --> 00:26:16,359 Speaker 2: is to find something else to base their economy on. 525 00:26:16,520 --> 00:26:19,080 Speaker 2: And their plan has been a lot of like they're 526 00:26:19,080 --> 00:26:21,600 Speaker 2: trying to do just tech bullshit. We're not going to 527 00:26:21,640 --> 00:26:25,399 Speaker 2: get into da because that's its own thing. I'm so sad. 528 00:26:25,840 --> 00:26:29,240 Speaker 2: I'm so sad to be talking about the line. Sorry, 529 00:26:29,600 --> 00:26:31,320 Speaker 2: the lives. Yeah, they're trying to build a city that 530 00:26:31,359 --> 00:26:34,280 Speaker 2: is a lot of aligned. Yeah, that is also a city, a. 531 00:26:34,280 --> 00:26:36,680 Speaker 1: Really really long city is aligned. That's going to be 532 00:26:36,720 --> 00:26:39,720 Speaker 1: their tech thing. You may sound like we're ever simplifying this, 533 00:26:39,840 --> 00:26:41,399 Speaker 1: We are not. No, it is they are trying to 534 00:26:41,400 --> 00:26:42,480 Speaker 1: build a city that is aligned. 535 00:26:42,520 --> 00:26:44,120 Speaker 2: It's not going to get built. What it has done 536 00:26:44,400 --> 00:26:48,119 Speaker 2: is they've absolutely destroyed the lives of a bunch of 537 00:26:48,160 --> 00:26:50,800 Speaker 2: sort of people who are just like farmers and cattle 538 00:26:51,119 --> 00:26:53,920 Speaker 2: like herders, like some of the metic cattle herders and 539 00:26:53,920 --> 00:26:55,679 Speaker 2: people who've been there for a really long time have 540 00:26:55,880 --> 00:26:57,520 Speaker 2: had their land taken away from them and their lives 541 00:26:57,560 --> 00:27:00,639 Speaker 2: have been destroyed by it. So you know. But the 542 00:27:00,640 --> 00:27:02,040 Speaker 2: thing is that in order for them to try to 543 00:27:02,080 --> 00:27:04,639 Speaker 2: do their tech pivot, they have to fix the reputation people. 544 00:27:04,720 --> 00:27:07,520 Speaker 2: They cannot be the state that is you remembered for 545 00:27:08,080 --> 00:27:12,080 Speaker 2: like bone sawing a journalist and attempting to start of 546 00:27:12,080 --> 00:27:14,679 Speaker 2: an entire population and doing air strikes and school buses. Right, 547 00:27:14,840 --> 00:27:16,119 Speaker 2: this can't be the reputation they have. 548 00:27:16,200 --> 00:27:19,119 Speaker 1: This is it Vision twenty thirty or Plan twenty thirty 549 00:27:19,160 --> 00:27:22,000 Speaker 1: or some big Yeah. Yeah, for their like rehabilitation and 550 00:27:22,080 --> 00:27:26,560 Speaker 1: diversification of their income. But like posts Jamal Kashogi, a 551 00:27:26,760 --> 00:27:29,800 Speaker 1: lot of big companies like we can't be like like 552 00:27:29,920 --> 00:27:33,240 Speaker 1: companies like Google, right, and like big big tech companies, Yeah, 553 00:27:33,320 --> 00:27:35,360 Speaker 1: kind of took a noticeable step back. 554 00:27:35,720 --> 00:27:38,240 Speaker 2: And so this has been why they've been going into sports, 555 00:27:38,280 --> 00:27:41,119 Speaker 2: because they can throw around, like we're talking nine hundred 556 00:27:41,200 --> 00:27:45,000 Speaker 2: billion dollars of assets, right, they can just swamp a sport, right, 557 00:27:45,320 --> 00:27:48,240 Speaker 2: especially something like esports where people are not very well paid. 558 00:27:48,240 --> 00:27:51,520 Speaker 2: There's not that much money sources of income or ten us, 559 00:27:51,840 --> 00:27:54,080 Speaker 2: they could just sort of buy off these entire industries 560 00:27:54,119 --> 00:27:55,480 Speaker 2: and it's kind of and it's working. And part of 561 00:27:55,480 --> 00:27:58,359 Speaker 2: the reason that it's working is that, you know, the 562 00:27:58,440 --> 00:28:01,040 Speaker 2: focus is on and like, I understand why people are 563 00:28:01,040 --> 00:28:04,640 Speaker 2: doing this, but the focus has been on the fact 564 00:28:04,640 --> 00:28:07,560 Speaker 2: that set like the Saudi government is, you know, is 565 00:28:07,600 --> 00:28:11,359 Speaker 2: sexist and homophobic, and that's true. But if that's the 566 00:28:11,400 --> 00:28:13,760 Speaker 2: reputation that the Saudis have, that is a win for 567 00:28:13,800 --> 00:28:16,280 Speaker 2: them because a they'll be able to find people who 568 00:28:16,320 --> 00:28:19,240 Speaker 2: agree with those views, and b nobody's talking about again 569 00:28:19,240 --> 00:28:21,600 Speaker 2: the fact that they fucking they did an airstrike on 570 00:28:21,640 --> 00:28:25,680 Speaker 2: a school bus, like the bodies of children and their 571 00:28:25,720 --> 00:28:30,040 Speaker 2: fucking school bags were flying over. Like they've been able 572 00:28:30,080 --> 00:28:34,199 Speaker 2: to sort of avoid any kind of more reckoning with 573 00:28:34,240 --> 00:28:38,000 Speaker 2: this because people are off talking about other stuff. And 574 00:28:38,040 --> 00:28:41,080 Speaker 2: if this keeps working like it's going to work, they're 575 00:28:41,080 --> 00:28:42,840 Speaker 2: going to be a country that killed three hundred and 576 00:28:42,920 --> 00:28:45,520 Speaker 2: seventy thousand people and probably more. 577 00:28:45,960 --> 00:28:48,280 Speaker 1: I think also, like one of the reasons they've been 578 00:28:48,280 --> 00:28:51,160 Speaker 1: able to get away with this is that ah media 579 00:28:51,400 --> 00:28:54,840 Speaker 1: has normalized massive amounts of death and dying of Muslim 580 00:28:54,880 --> 00:28:57,840 Speaker 1: people in the Middle East. Yeah, for twenty plus years, right, 581 00:28:57,880 --> 00:29:02,800 Speaker 1: so a lot of people's entire of media consumption. Every 582 00:29:02,960 --> 00:29:06,120 Speaker 1: day we've dropped bombs and killed hundreds of people in 583 00:29:06,120 --> 00:29:08,480 Speaker 1: the Middle East, and it's just, yeah, it's the background 584 00:29:08,520 --> 00:29:10,040 Speaker 1: noise in US media. 585 00:29:10,160 --> 00:29:11,920 Speaker 2: Yeah, I want to watch one more thing they did 586 00:29:12,000 --> 00:29:14,440 Speaker 2: that wasn't the script, but I need to fucking talk 587 00:29:14,480 --> 00:29:17,080 Speaker 2: about because it's one of my formative political experiences. Was 588 00:29:17,760 --> 00:29:19,880 Speaker 2: So when the Arab Spring started, one of the biggest 589 00:29:19,920 --> 00:29:21,880 Speaker 2: uprisings was in Bahrain. This is one of the earliest 590 00:29:21,920 --> 00:29:24,840 Speaker 2: uprising in twenty eleven. There's antempt to knock off the 591 00:29:24,840 --> 00:29:27,960 Speaker 2: monarchy of Bahrain, and they probably could have won. The 592 00:29:28,240 --> 00:29:30,600 Speaker 2: kids in the streets in Bahrain are probably the bravest, 593 00:29:30,640 --> 00:29:33,120 Speaker 2: on of the bravest people I've ever seen. And the 594 00:29:33,160 --> 00:29:36,520 Speaker 2: Saudis rolled tanks into Bahrain to crush the protests and 595 00:29:36,760 --> 00:29:39,760 Speaker 2: fucking keep the government intact and for I mean years, 596 00:29:39,840 --> 00:29:42,480 Speaker 2: for you, I mean like a decade afterwards. Every once 597 00:29:42,480 --> 00:29:44,800 Speaker 2: in a while, you'd get a video coming like that 598 00:29:44,920 --> 00:29:46,840 Speaker 2: came out of like the of these kids dressed in 599 00:29:46,880 --> 00:29:49,120 Speaker 2: all black chasing down an armored vehicle that's shooting at 600 00:29:49,120 --> 00:29:51,680 Speaker 2: them with molotovs. Right, I've never seen anything. I've never 601 00:29:51,680 --> 00:29:53,560 Speaker 2: seen anything like it. Like, there's some of the bravest 602 00:29:53,560 --> 00:29:56,360 Speaker 2: people in the world, and the Saudis fucking rolled tanks 603 00:29:56,360 --> 00:30:00,000 Speaker 2: into their country to fucking crush them. The fucking esports companies, 604 00:30:00,200 --> 00:30:03,040 Speaker 2: those are the people whose money you're taking, right you 605 00:30:03,080 --> 00:30:05,120 Speaker 2: you were, you were taking the money of a bunch 606 00:30:05,120 --> 00:30:08,240 Speaker 2: of people who rolled tanks into the country, whose people 607 00:30:08,240 --> 00:30:12,800 Speaker 2: wanted fucking democracy. And yeah, that's that's all I got 608 00:30:12,840 --> 00:30:20,160 Speaker 2: about this. I'm extremely angry about all of this, and yeah, 609 00:30:20,400 --> 00:30:21,680 Speaker 2: fuck them. 610 00:30:21,880 --> 00:30:24,440 Speaker 1: Yeah, if I can say from a perspective of someone 611 00:30:24,480 --> 00:30:27,720 Speaker 1: who's been paid to do sports for a decent amount 612 00:30:27,720 --> 00:30:31,040 Speaker 1: of my life, yeah, you make shit money, but like 613 00:30:31,160 --> 00:30:33,640 Speaker 1: it's so much better to not make shit choices as well, 614 00:30:33,800 --> 00:30:36,800 Speaker 1: And like that goes way beyond like not cheating and 615 00:30:37,240 --> 00:30:40,360 Speaker 1: the manifest ways of people cheating in sports, but also 616 00:30:40,480 --> 00:30:42,880 Speaker 1: just like you don't compromising to the way more important 617 00:30:43,000 --> 00:30:47,160 Speaker 1: than like playing, right, Like sports are supposed to be fun, 618 00:30:47,240 --> 00:30:49,080 Speaker 1: and if you allow yourself to be a vehicle for 619 00:30:49,160 --> 00:30:52,240 Speaker 1: things that are terrible, like you're gonna be miserable in 620 00:30:52,280 --> 00:30:54,480 Speaker 1: your fucking forties anyway, because your body will fall apart like, 621 00:30:54,560 --> 00:30:56,640 Speaker 1: don't make yourself feel guilty for this as well. 622 00:30:57,080 --> 00:30:59,200 Speaker 2: Yeah, and one last thing I want to address because 623 00:30:59,280 --> 00:31:01,360 Speaker 2: one of the defenses that Saudi people have been rolling 624 00:31:01,400 --> 00:31:03,960 Speaker 2: out is this like, oh, you guys don't respect Muslim culture, 625 00:31:04,840 --> 00:31:07,360 Speaker 2: like because because the main line of complaint has been 626 00:31:07,480 --> 00:31:11,000 Speaker 2: about sort of about homophobia and sexism, and it's like, yeah, man, 627 00:31:11,040 --> 00:31:13,640 Speaker 2: those fucking children in their school busses were Muslim to like, 628 00:31:13,800 --> 00:31:14,200 Speaker 2: fuck you. 629 00:31:15,160 --> 00:31:18,600 Speaker 1: Yeah, the people in Bahrain are Muslim too, right, the 630 00:31:18,640 --> 00:31:21,000 Speaker 1: people who yeah, bodies were all over the streets because 631 00:31:21,000 --> 00:31:23,240 Speaker 1: they asked for a chance to have some say and 632 00:31:23,280 --> 00:31:24,640 Speaker 1: how the country with run like that. 633 00:31:24,760 --> 00:31:26,600 Speaker 2: It's just you don't get to do that. Yeah. So 634 00:31:26,680 --> 00:31:28,959 Speaker 2: this has been nickeld happen here. Fuck every single one 635 00:31:29,000 --> 00:31:44,520 Speaker 2: of the scenes that is fucking doing this ship fucking ball. Yeah,