WEBVTT - Hilco Global's Patrick Murphy Talks Hormuz Blockade

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Patrick Murphy is an earned authority. He is far more

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<v Speaker 2>than a former Undersecretary of the Army with service to

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<v Speaker 2>the nation. He is geopolitical Advisory Hillco Global. Patrick. Did

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<v Speaker 2>you study blockades when you were in service? Did you

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<v Speaker 2>study them in forms of military school? How does Patrick

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<v Speaker 2>Murphy discuss a given blockade?

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<v Speaker 1>Of course, I listen, you had to talk about it,

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<v Speaker 1>and you know, you learn about what we did, and

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<v Speaker 1>then during a Cubut missile crisis, you know kind of

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<v Speaker 1>what started that. But as you know, I taught at

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<v Speaker 1>West Point for years and I still lecture at the

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<v Speaker 1>US Army War College. You had to know all the

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<v Speaker 1>demands domains of warfare, you know, land, see, air, space,

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<v Speaker 1>and cyber So you know, that's what we try and

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<v Speaker 1>do at HOKO Advisory, HOCO Global for our advisory group.

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<v Speaker 1>And I tell you the world has never been as

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<v Speaker 1>bald as it is right now, at least it feels

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<v Speaker 1>that way.

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<v Speaker 3>You know.

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<v Speaker 2>I look at this and I fall by Patrick on

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<v Speaker 2>my deep military career Russell Kroll and Master and Commander

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<v Speaker 2>the Patrick O'Brien movie of the Napoleonic Wars. This is

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<v Speaker 2>at Napoleonic wars Axios has today that's seventy five percent

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<v Speaker 2>of casualties Ukraine, Russia are from drones. Patrick Murphy on

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<v Speaker 2>a blockade in an age of drones.

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<v Speaker 1>Yeah, well, listen, let's hope that there's not swarm drones

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<v Speaker 1>going after you know, our troops that are over there,

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<v Speaker 1>because as you know, we've had the largest US military

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<v Speaker 1>build up in that region since before the Iraq War,

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<v Speaker 1>which I served in Darney Evasion. And you know, it's

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<v Speaker 1>already cost you know, when you think about tom Today's

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<v Speaker 1>tax day, it's cost the micro tax payer by the

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<v Speaker 1>end of this month, two months of the war, forty

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<v Speaker 1>two billion dollars. And that's from the pen Wharton Budget

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<v Speaker 1>Model Office at Penn Wharden Warres where I teach. So

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<v Speaker 1>you know, that's why a lot of Americans are saying, Hey,

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<v Speaker 1>you promised me one thing, no new wars, and he

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<v Speaker 1>gave me this. You promised me less inflation. It's gone

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<v Speaker 1>up and you know, it tried to be four point

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<v Speaker 1>two percent gas prices over dour And that's why you know,

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<v Speaker 1>for US looking at advising industry, they want certainty. And

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<v Speaker 1>that's why not just the American people, but Wall Street

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<v Speaker 1>and business across American this world are pretty frustrated by

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<v Speaker 1>what they're seeing.

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<v Speaker 3>Patrick. You know, the air offensive against Iran has been

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<v Speaker 3>extraordinarily and extraordinarily effective. But I think what we've all

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<v Speaker 3>learned over you know, the last thirty forty fifty years,

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<v Speaker 3>there's always so much air strikes can do here. What

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<v Speaker 3>do you think the next steps should be for the

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<v Speaker 3>US here? I mean there's additional talks today of maybe

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<v Speaker 3>extending the ceasefire. What do you think is the best

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<v Speaker 3>off ramp here?

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<v Speaker 1>Yeah, Well, let's those of us who have seen war

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<v Speaker 1>and I've lost nineteen men in my unit and evasion

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<v Speaker 1>in Iraq do not want war. We'rey reluctant warriors. It's

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<v Speaker 1>always the last line of defense. It's also a failure

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<v Speaker 1>of diplomacy. So let's hope that we then restart new negotiations.

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<v Speaker 1>Obviously Pakistan, Turkey, I'man and now China are trying to

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<v Speaker 1>broker that I get that back on the table after

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<v Speaker 1>the first twenty one hours didn't go well last weekend.

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<v Speaker 1>And by the way, there's also negotiations as we know

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<v Speaker 1>in Washington, c right now between Lebanon and Israel. So

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<v Speaker 1>it's a fragile ceasefire. But those of us who understand

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<v Speaker 1>warfare understand that, you know, you cannot have regime change,

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<v Speaker 1>which is air power. We knew that months ago, right

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<v Speaker 1>and anyone that understands built their history and as commanded

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<v Speaker 1>that understands it wasn't going to happen. And you know,

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<v Speaker 1>the Iranian regime is still in place. Obviously we took

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<v Speaker 1>out their top leaders, but they to will Son is

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<v Speaker 1>now charge. He's even more radical. He lost his wife,

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<v Speaker 1>he lost his son, and that's why a lot of

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<v Speaker 1>folks are clamoring to say, how are we going to

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<v Speaker 1>bring this to as you said, an elegant solution at

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<v Speaker 1>elegon end here where we've tend to interest have the

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<v Speaker 1>straight flowing again because of you know, our greatest allies

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<v Speaker 1>get like you look at South Cridge, you look at Japan.

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<v Speaker 1>Seventy percent of the oil comes from the Strait, and

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<v Speaker 1>so a lot of Phansey asking America to figure this

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<v Speaker 1>out real quick.

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<v Speaker 2>I got to get this in. I've only got a

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<v Speaker 2>minute and a half. I'm so sorry, sir, your comments

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<v Speaker 2>and the firing of General George General Smith, General C. Q.

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<v Speaker 2>Brown Jr. And for that matter, Admiral Franchetti as well,

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<v Speaker 2>what are we doing with our top brass?

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<v Speaker 1>Well. Unfortunately, a lot of great public servants that have

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<v Speaker 1>one o'clock this country been let go. It reminds me

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<v Speaker 1>of when we fired the Secretary of the Army, Eric

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<v Speaker 1>Schecky before the Iraq work because he spoke truth to

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<v Speaker 1>power and before that war. And I will tell you

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<v Speaker 1>I am a big believer Tom and siting a leadership

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<v Speaker 1>over military should be that way. But at the same time,

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<v Speaker 1>you know, as someone who helped lead the army, you

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<v Speaker 1>have to listen to military experts and you have to listen.

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<v Speaker 1>And God gave us all two eyes, two ears, and

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<v Speaker 1>only one mouthful reason. And I feel like they're listening

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<v Speaker 1>only for the They're already listening for what they want

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<v Speaker 1>to hear. And patriots like Randy George, Iraq Afghanistan Vetcher

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<v Speaker 1>West Point graduate c Q. Brown, the Chairman of the

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<v Speaker 1>Joint Chiefs of Staff and so many others have been

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<v Speaker 1>let go. And a lot of us who've worn the

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<v Speaker 1>cloth of our country are you know, one eyebrow up

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<v Speaker 1>saying what the hell is going down there? Washington?

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<v Speaker 2>D C. Patrick. I got to run and Paul and

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<v Speaker 2>I got to run, but thank you so much for

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<v Speaker 2>your time and public service. It's odd I find Patrick Murphy,

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<v Speaker 2>that Sparta who drives the whole ship here. He said

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<v Speaker 2>the same thing to me the other day. Hey stupid,

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<v Speaker 2>you got two ears in one mouth. Fix it. Mister

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<v Speaker 2>Murphy is with hillco a Global and of course the

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<v Speaker 2>former Undersecretary of the Army. We greatly appreciate his support.