Latest / Breaking Points with Krystal and Saagar / 4/28/26: Trump Lashes Out At Iran, UAE Ditches OPEC, JD Thinks Hegseth Lying About War
Transcript
- 0:00Speaker 1: Hey guys, Saga and Crystal here.
- 0:01Speaker 2: Independent media just played a truly massive role in this election,
- 0:05Speaker 2: and we are so excited about what that means for
- 0:07Speaker 2: the future of the show.
- 0:08Speaker 3: This is the only place where you can find honest
- 0:10Speaker 3: perspectives from the left and the right that simply does
- 0:13Speaker 3: not exist anywhere else.
- 0:14Speaker 2: So if that is something that's important to you, please
- 0:17Speaker 2: go to Breakingpoints dot com. Become a member today and
- 0:19Speaker 2: you'll get access to our full shows, unedited, ad free,
- 0:22Speaker 2: and all put together for you every morning in your inbox.
- 0:25Speaker 3: We need your help to build the future of independent
- 0:27Speaker 3: news media and we hope to see you at Breakingpoints
- 0:29Speaker 3: dot com. Good morning, everybody, Happy Tuesday. I have an
- 0:35Speaker 3: Amazon show for everybody today. What do we have, Crystal?
- 0:37Speaker 4: Indeed, we do a lot that's interesting this morning.
- 0:40Speaker 2: So Marco Rubio is saying the situation in Hormuz is unacceptable.
- 0:44Speaker 2: This comes as Trump is apparently telling AIDS that all
- 0:47Speaker 2: the Iranians understand is bombs. So some ominous warnings there.
- 0:51Speaker 2: Jd Vance World is leaking that Hegseth may be lying
- 0:54Speaker 2: to the President and presenting an overbly favorable view of
- 0:58Speaker 2: the war in Iran. Republicans are now completely obsessed with
- 1:02Speaker 2: this ballroom, and there might be a corrupt deal behind it.
- 1:05Speaker 4: We will talk about all of that.
- 1:07Speaker 2: Congressmen are pushing to extend veterans benefits to the IDF.
- 1:11Speaker 2: You simply cannot make this stuff up, Jonathan Greenblatz says,
- 1:14Speaker 2: the ADL is not after some universalist ideal child. Ben
- 1:19Speaker 2: fram is going to join us to talk about that,
- 1:20Speaker 2: and also break down the domestic political situation in Israel,
- 1:23Speaker 2: which has gotten interesting. A coalition forming to oppose net
- 1:27Speaker 2: Yahoo and and Culture has thoughts on the Iran War.
- 1:31Speaker 2: So Sager and Emily are going to talk to her
- 1:33Speaker 2: about what she thinks of the Trump presidency and the
- 1:35Speaker 2: Iran War specifically.
- 1:37Speaker 3: Yes, that's right, we were able to reschedule and Coulter now,
- 1:39Speaker 3: thank you to everybody who has been subscribing to the
- 1:41Speaker 3: show Breakingpoints dot com.
- 1:43Speaker 1: We really appreciate it.
- 1:44Speaker 3: We had the coveted Sager mac Ama yesterday where we
- 1:48Speaker 3: played the lowest rated ELO game broadcast of all time,
- 1:52Speaker 3: and we didn't even didn't even finish because we got
- 1:54Speaker 3: so many good questions.
- 1:55Speaker 4: Thank you to everybody who is winning.
- 1:57Speaker 1: It was technically winning technically, but we didn't actually get.
- 2:01Speaker 4: That far I like that he was going to leave
- 2:03Speaker 4: that information out of.
- 2:04Speaker 1: The Oh no, I'll fully broadcasted. Don't worry.
- 2:07Speaker 3: I'm in no way would I ever try to hold
- 2:10Speaker 3: up my chest prowess. Okay, so go ahead and subscribe
- 2:13Speaker 3: to our YouTube channel. If you are able to and
- 2:15Speaker 3: feelish is a podcast, please share an episode with a friend.
- 2:19Speaker 3: But as Chrystal said, we're going to go ahead and
- 2:20Speaker 3: start with the Iran situation. A lot of news coming out,
- 2:23Speaker 3: some extraordinary comments here made by the Secretary of State
- 2:26Speaker 3: in a new interview with Fox News.
- 2:28Speaker 1: Let's take a listen.
- 2:29Speaker 5: On Saturday, the President canceled the talks in Islam about
- 2:32Speaker 5: Pakistan keeping special envoice Kushner and Wikoff here in the
- 2:36Speaker 5: United States. He said, just ten minutes later, the Iranians
- 2:40Speaker 5: made a new offer on paper, and it was better.
- 2:43Speaker 6: If what they mean by opening the straits is yes,
- 2:45Speaker 6: the straits are opened as long as you coordinate with Iran,
- 2:47Speaker 6: get our permission, or will blow you up and you
- 2:50Speaker 6: pay us. That's not opening the straits. Those are international waterways.
- 2:53Speaker 6: They cannot normalize, nor can we tolerate them trying to
- 2:57Speaker 6: normalize a system in which the Iranians decide who gets
- 3:00Speaker 6: to use an international waterway and how much you have
- 3:02Speaker 6: to pay them to use it.
- 3:04Speaker 3: So this has continued a United States redline on the
- 3:07Speaker 3: Straits of horn Moves. Note that the current red line
- 3:10Speaker 3: has absolutely nothing to do apparently with nuclear weapons, with
- 3:13Speaker 3: nuclear enrichment, with ballistic missiles, with proxies. It is purely
- 3:17Speaker 3: on the Straits of horn Moves, which was completely open
- 3:19Speaker 3: on February twenty seventh, before the war even started. It
- 3:23Speaker 3: just goes to show the leverage really that the Iranians
- 3:26Speaker 3: continue to have on the situation.
- 3:29Speaker 1: The price of Brent crude oil as of this.
- 3:31Speaker 3: Morning has resumed the exact same price as it was
- 3:34Speaker 3: before the ceasefire, which shows the Iranian strategy working. The
- 3:38Speaker 3: US naval blockade continues to try and cripple the Iranians,
- 3:42Speaker 3: basically trying to shut in as much oil as possible.
- 3:45Speaker 3: Some reports coming out this morning crystal that it is
- 3:47Speaker 3: possible that they are beginning to fill the vast majority
- 3:51Speaker 3: of their storage. So that would be a major decision
- 3:53Speaker 3: point for Iran as well, is are they going to
- 3:56Speaker 3: have to destroy their own oil production.
- 3:58Speaker 1: Resume the war.
- 4:00Speaker 3: Things seem to be reaching a critical nexus. I think
- 4:03Speaker 3: in terms of the cease far. While the US may
- 4:07Speaker 3: want to walk away, and they, you know, they could
- 4:09Speaker 3: somewhat accept the situation, we would all just have to
- 4:12Speaker 3: pay very very high gas prices and it would be
- 4:14Speaker 3: a disaster for the rest of the world. For Iran,
- 4:17Speaker 3: this might be entering an existential phase, although maybe because
- 4:21Speaker 3: they don't necessarily want to be seen as the aggressor,
- 4:22Speaker 3: they may not want to resume hostilities purely on their
- 4:25Speaker 3: own terms. I'm just not sure which way it's going to.
- 4:27Speaker 1: Go right now.
- 4:28Speaker 7: Yeah.
- 4:28Speaker 2: Well, and there's a new report from Axios, which you know,
- 4:31Speaker 2: we all understand this is coming from the administration and
- 4:36Speaker 2: they're pushing a certain line. But one of the things
- 4:38Speaker 2: that was in this report was that Trump had told
- 4:41Speaker 2: an advisor the only thing that the Iranians understand is bombs.
- 4:46Speaker 2: So that doesn't seem like a good sign in terms of,
- 4:49Speaker 2: you know, continuing to try to de escalade, try to
- 4:52Speaker 2: get back to the negotiating table, et cetera. And Trump,
- 4:55Speaker 2: of course, has been the person who has blown up
- 4:57Speaker 2: the prospect of being able to come to some deal
- 5:00Speaker 2: starting the Twelve Days War, than by starting this war,
- 5:03Speaker 2: and now most recently during the ceasefire, immediately coming in
- 5:07Speaker 2: and undermining the positions that he had apparently held out,
- 5:11Speaker 2: continuing with the blockade, expanding the blockade even which is
- 5:15Speaker 2: an active war, and undercutting any possibility of renewed talks
- 5:19Speaker 2: in Islamabad. You know, with regard to Rubio's comments here
- 5:22Speaker 2: on the strait of Hornbeuz, I think there's a couple
- 5:25Speaker 2: things that are really important about that. Number one to
- 5:29Speaker 2: this idea of you know, oh, maybe the current limbo
- 5:34Speaker 2: status quo is something that the US could tolerate. What
- 5:37Speaker 2: he's saying there is no, this is not acceptable. This
- 5:40Speaker 2: is not something we can tolerate. The other way to
- 5:43Speaker 2: interpret his comments is he again through Barockravita at Axios,
- 5:48Speaker 2: they had leaked that oh Iran came up with this
- 5:51Speaker 2: new proposal and this happened just before market's open Sunday night,
- 5:55Speaker 2: and it's a better proposal, and you hear him, you know,
- 5:57Speaker 2: reiterating that in this conversation with Fox News. Well, what
- 6:01Speaker 2: was different about the proposal is the proposal said, look,
- 6:04Speaker 2: we're not even going to talk about nuclear weapons, We're
- 6:06Speaker 2: not going to talk about nuclear energy. We're putting all
- 6:08Speaker 2: that to the side. We're willing to talk to you
- 6:11Speaker 2: about a new status quot and the straight of horn moves,
- 6:13Speaker 2: and he is saying also there, well, what they are
- 6:15Speaker 2: offering on the straight of horn moves is unacceptable. So
- 6:19Speaker 2: it undercuts the idea that the Iranians were feeling all
- 6:21Speaker 2: this pressure and had to come up with some new,
- 6:23Speaker 2: better proposal to try to come to the table, because
- 6:26Speaker 2: Rubio was saying, no, this new approach of dealing just
- 6:31Speaker 2: with the straight of horm moves and pushing off nuclear
- 6:32Speaker 2: weapons is also unacceptable to us. In that Axios report
- 6:37Speaker 2: where Trump said that all the Iranians understands bombs, and
- 6:40Speaker 2: you also have now reporting from Wall Street Journal in
- 6:41Speaker 2: New York Times. In fact, I think the last element
- 6:43Speaker 2: in this block is New York Times. Right up of this,
- 6:46Speaker 2: Trump is saying that the idea of putting that off
- 6:48Speaker 2: the table, the nuclear talks off the table, is unacceptable
- 6:52Speaker 2: to him. So where does that leave us If the
- 6:55Speaker 2: status quot is unacceptable, If Trump is saying the only
- 6:58Speaker 2: thing they understand is bombs, if he's saying no, I'm
- 7:01Speaker 2: not willing to push aside the nuclear file, this has
- 7:04Speaker 2: to be front and center. But the Iranians are saying
- 7:06Speaker 2: we are not willing to negotiate on this at all
- 7:08Speaker 2: at this point, given where we are. You know, it
- 7:12Speaker 2: would not be a surprise at all if we return
- 7:14Speaker 2: to some level of hostilities, because that seems to be
- 7:16Speaker 2: the direction everything is pushing it.
- 7:18Speaker 3: Yeah, and in a sense, I talked to there about
- 7:19Speaker 3: how things are reaching a critical point for the Iranians,
- 7:23Speaker 3: and I think that's definitely true because of oil destruction.
- 7:26Speaker 3: But also the Wall Street Journal now says that last
- 7:29Speaker 3: week was the single lowest traffic amount of traffic that
- 7:33Speaker 3: ever went through the Straits of Hormones because of the
- 7:35Speaker 3: US naval blockade and because of Iran. So actually it's
- 7:38Speaker 3: not like there has been any opening up or even
- 7:41Speaker 3: modest resumption of trade. There has been a single LNG
- 7:45Speaker 3: tanker which was able to transit yesterday one compared to
- 7:49Speaker 3: the hundreds that should have been going through over the
- 7:52Speaker 3: last three months. So you can see how this is
- 7:55Speaker 3: having catastrophic effects on the global economy. Brent crude, as
- 7:59Speaker 3: I said, has already gone up. You will begin to see,
- 8:03Speaker 3: Let's say, if we're in this stasis and every day
- 8:06Speaker 3: the price of oil has been going up by like
- 8:08Speaker 3: two or three percent, well you know over a week
- 8:12Speaker 3: you're up by ten Well, how does that translate? It
- 8:14Speaker 3: translates almost immediately into the price that you're going to
- 8:17Speaker 3: be paying at the gas pump, right, So didn't you
- 8:19Speaker 3: and I notice It's like, man, they're real quick to
- 8:21Speaker 3: raise those prices whenever they need to write, Like in
- 8:24Speaker 3: a single weekend, you can see the price of gas
- 8:26Speaker 3: go up by twenty or thirty cents. And if that's
- 8:29Speaker 3: the case, then six dollars gas in California, very.
- 8:32Speaker 1: Very easy to see.
- 8:33Speaker 3: Within the next week or so period, it's already at
- 8:35Speaker 3: five ninety two a gallon. Let's also continue then with
- 8:39Speaker 3: how the Iranians want to play this. So while Trump
- 8:42Speaker 3: in that same Axios report that you talked about, they're
- 8:45Speaker 3: saying the Iranians only understand force. He also happens to
- 8:49Speaker 3: be on the phone with Mark Tison, Jack Keene, and
- 8:52Speaker 3: Lindsey Graham, who happened to be three of the most
- 8:55Speaker 3: prominent neo cons probably in all of Washington, very tried
- 8:59Speaker 3: and true Fox News guests. Just in case you aren't aware,
- 9:02Speaker 3: Taston worked for George W. Bush, Jack Kane literally Emmy's
- 9:05Speaker 3: architect of the surge. He's like Fox News as a
- 9:07Speaker 3: resident general, never seen a war in more recent times
- 9:10Speaker 3: that he doesn't want to support. And then Lindsey Graham,
- 9:14Speaker 3: I also not to tie in too much of a
- 9:16Speaker 3: later part of our show.
- 9:17Speaker 1: I don't think it's an accident.
- 9:18Speaker 3: Why Lindsay Graham is the chief co sponsor and introducer
- 9:21Speaker 3: of the Ballroom Act. He's trying to curry favor with
- 9:23Speaker 3: Donald Trump. He knows the way to Donald Trump's heart
- 9:26Speaker 3: is via this ballroom and in fact getting taxpayers to
- 9:29Speaker 3: fund it. So there is a big game going on
- 9:32Speaker 3: here now in the Iranian side.
- 9:33Speaker 1: We just talked here about Trump.
- 9:35Speaker 3: You know, it is always important to try and look
- 9:38Speaker 3: at your own country the way a foreign correspondent would.
- 9:41Speaker 3: And so what we're about to show you is a
- 9:43Speaker 3: secretary of State talking about how the hardliners are ascendant
- 9:46Speaker 3: inside of Iran. You could say this is the very
- 9:48Speaker 3: same thing here. But here's what the Secretary of State
- 9:51Speaker 3: also said. Let's take a listen.
- 9:52Speaker 6: Unfortunately, the hardliners with an apocalyptic vision of the future
- 9:56Speaker 6: have the ultimate power in that country. That tension is
- 9:59Speaker 6: always a existed there always. I think it's pronounced now
- 10:02Speaker 6: that you have a supreme leader whose credibility is still untested,
- 10:06Speaker 6: whose access is questionable, who has not been seen visibly publicly,
- 10:09Speaker 6: has not spoken, We have not heard his voice, so
- 10:12Speaker 6: I think that creates tension in the system as well.
- 10:14Speaker 3: So that's what he says there about the hardlinner. It's
- 10:16Speaker 3: actually a new story out just this morning. It says
- 10:19Speaker 3: from Financial Times, and the dateline is in Tehran, so
- 10:22Speaker 3: I'm assuming that they have very good sources here. Iran's
- 10:24Speaker 3: hardliners are clashing over talks with the US. In the
- 10:28Speaker 3: three weeks since the ceasefire came into effect, long standing
- 10:31Speaker 3: divisions among arrival camps within Iran's political elite have broken
- 10:35Speaker 3: out into the open, fueling a domestic debate over what
- 10:38Speaker 3: the Islamic.
- 10:39Speaker 1: Republics should do next.
- 10:40Speaker 3: At the heart of the dispute, which is played out
- 10:42Speaker 3: in parliament and state media, is it pushed by the
- 10:44Speaker 3: most hardline politicians to oppose any negotiations with the United States.
- 10:49Speaker 3: The primary target is Mohammed Budger Glibov, the veteran parliamentary
- 10:53Speaker 3: speaker who led the talks with the Vice President earlier
- 10:56Speaker 3: this month. Politicians who have been linked to Quote Pidar,
- 11:00Speaker 3: an influential hard line faction, are now suggesting that negotiators
- 11:04Speaker 3: have not fully followed the directives set by the new
- 11:07Speaker 3: Supreme Leader. The Ayatola Kamani negotiations are now pure damage
- 11:12Speaker 3: and nobody should go for negotiations, one of those members
- 11:16Speaker 3: told a local media organization in Tehran. He also criticized
- 11:21Speaker 3: inclusion of the Iranian nuclear program in talks as a
- 11:24Speaker 3: strategic mistake and implied this is not what a top
- 11:27Speaker 3: leader had sought. Another hard line politician told State TV
- 11:32Speaker 3: the Supreme Leader opposes continuing the talks, and officials should
- 11:36Speaker 3: know that at the sensitive time, their obligation is to
- 11:38Speaker 3: thoroughly obey and carry out the guidelines of the Supreme Leader.
- 11:42Speaker 3: So this is all factional control fights playing out in public.
- 11:47Speaker 3: The fact is, I mean, or maybe what the fact is?
- 11:50Speaker 3: We don't know for sure. The Supreme Leader appears to
- 11:53Speaker 3: be injured, and more recently there have been multiple reports
- 11:56Speaker 3: come out that said he's basically given de facto control
- 11:59Speaker 3: over to his generals. So then what do the generals
- 12:02Speaker 3: think and are they writing orders in his name? None
- 12:05Speaker 3: of this is really known for sure as part of
- 12:08Speaker 3: what's so difficult, and I would again compare it to
- 12:10Speaker 3: our own system, where there are multiple warring facts inside
- 12:14Speaker 3: of our government. We have different advisors and outside forces,
- 12:17Speaker 3: and all of us are trying to read the tea leaves.
- 12:19Speaker 3: It's a very unstable, chaotic situation with extremely high stakes
- 12:23Speaker 3: in the streets.
- 12:23Speaker 2: Of hormous Yeah, well, I really love your approach of
- 12:26Speaker 2: let's look at it as like a foreign correspondent would
- 12:29Speaker 2: look at our own system. I mean, our entire next
- 12:30Speaker 2: block is going to be about jd Vance World leaking
- 12:33Speaker 2: about how Pete Hegseth is lying to the president. Right,
- 12:36Speaker 2: there's a bunch of articles on about the clash inside
- 12:39Speaker 2: the Pentagon between heg Seth and Dan Driscoll and all
- 12:43Speaker 2: of these firings that have come about because heg Seth
- 12:46Speaker 2: wants to undercut anyone who might be aligned with Driscoll
- 12:49Speaker 2: or who might be too close to the president. So, yeah,
- 12:53Speaker 2: you can see reflections of those sort of battles and
- 12:56Speaker 2: debates and factional infighting very easily within our own regime
- 13:01Speaker 2: as well.
- 13:02Speaker 4: Let's go ahead and put a.
- 13:04Speaker 2: Three up on the screen, because this gets to some
- 13:07Speaker 2: of the actions that are being taken here, some of
- 13:09Speaker 2: the rhetoric that is happening also between the US and Iran.
- 13:14Speaker 2: Just in terms of whether or not we are going
- 13:16Speaker 2: to be escalating or whether things will be cooling. You've
- 13:19Speaker 2: got Janine Piro here saying, overnight, pursuant to a seizure
- 13:23Speaker 2: warrant sumittimized by office and signed by a federal magistrate,
- 13:26Speaker 2: US forces interdicted the dark fleet vessel NT Majestic, formerly
- 13:31Speaker 2: known as the MPTY Phoenix, while carrying approximately one point
- 13:34Speaker 2: nine million barrels of Iranian oil in the Indian Ocean.
- 13:37Speaker 4: She goes on to say.
- 13:38Speaker 2: There was another similar seizure that we had talked about
- 13:42Speaker 2: previously on the show, and this is a response from
- 13:45Speaker 2: an Iranian official who says, this is outright legalization of
- 13:50Speaker 2: piracy and armed robbery on the high seas. Welcome to
- 13:54Speaker 2: the return of the pirates, only now they operate with
- 13:57Speaker 2: government issued warrant sale under official flags called their plunder
- 14:00Speaker 2: law enforcement. The US must be held accountable for this
- 14:03Speaker 2: brazenly lawless behavior, which strikes at the heart of international
- 14:06Speaker 2: law and international free trade and threatens the basic principles
- 14:10Speaker 2: of maritime security and sagara. I saw another Iranian official
- 14:14Speaker 2: reacting to this analysis that there would be you know,
- 14:17Speaker 2: if the blockade on the US side continues and their
- 14:21Speaker 2: Iranian oil production has to be shut down because they
- 14:24Speaker 2: run auto storage capacity, thereby damaging some of that you know,
- 14:29Speaker 2: oil production capacity. That if they were damaged, that they
- 14:33Speaker 2: would consider that, you know, damage through war, and that
- 14:35Speaker 2: they would strike and not just equally damage other oil
- 14:40Speaker 2: producing facilities in the region, but you know, for every
- 14:43Speaker 2: one amount of damage, they would strike four blows in return.
- 14:48Speaker 2: So this is the type of rhetoric and actions that
- 14:50Speaker 2: are being traded back and forth right now.
- 14:55Speaker 3: Similar thing, guys, let's add this in post production, because
- 14:58Speaker 3: it's all coming out this morning. Iran is ludded with
- 15:00Speaker 3: so much unsold oil it is stashing it in derrelic tanks,
- 15:04Speaker 3: it said. Iran is scrambling to find ways to store
- 15:06Speaker 3: its oil, hoping to avoid crippling production shutdown as a
- 15:10Speaker 3: US naval blockade bottles up with oil backing up at home,
- 15:13Speaker 3: it is reviving derylic sites known as junk storage, using
- 15:16Speaker 3: improvised containers, and trying to ship crude by rail to China.
- 15:20Speaker 3: The unusual steps are aimed at delaying an infrastructure crisis
- 15:23Speaker 3: and blunting Washington's leverage. So Iran hopes to avoid the
- 15:27Speaker 3: risk of having to turn off the spigots and deepen
- 15:30Speaker 3: its revenue losses.
- 15:31Speaker 1: The shutdown would add pressure.
- 15:32Speaker 3: And motivate the negotiations, but it gets to your point
- 15:36Speaker 3: where when you get to that, and you get to
- 15:38Speaker 3: the point where you have to turn the pigot off.
- 15:40Speaker 3: Remember Opek already had to do that. Saudi Arabia, UAE,
- 15:43Speaker 3: many of these other countries, due to the continued closure
- 15:47Speaker 3: of the straits and removes, many of them already suffered this.
- 15:49Speaker 3: Now Iran is saying, if we suffer this even a
- 15:51Speaker 3: little bit, we might further hit some of that oil infrastructure.
- 15:54Speaker 3: And consider a damage that has been has done to
- 15:57Speaker 3: us as a result of a war. And remember, you know,
- 16:00Speaker 3: just because bombs are not going off, a naval blockade
- 16:03Speaker 3: is an act of war under every recognized theory of warfare,
- 16:08Speaker 3: not even just international law. A blockade itself as announced
- 16:11Speaker 3: by the President of the United States. So it's not
- 16:14Speaker 3: like they don't have the ability to go more kinetic
- 16:17Speaker 3: if they don't need to. And then you couple all
- 16:20Speaker 3: of that with these negotiation tactics being set forth by
- 16:24Speaker 3: the Iranians. Jeremy Skahill over at drop Site has a
- 16:27Speaker 3: great story. Let's put it up here on the screen,
- 16:30Speaker 3: he says, as Trump's narrative on negotiation flails, Iran is
- 16:34Speaker 3: setting its own terms for ending the war. They say
- 16:38Speaker 3: that they believe they have three ms on its side, munitions, markets,
- 16:43Speaker 3: and the midterms. And you know, reading through this, it
- 16:46Speaker 3: is actually quite interesting. Just I don't necessarily agree, but
- 16:50Speaker 3: this is their general theory. The Iranians are saving the
- 16:53Speaker 3: three ms. Obviously in the US they want something to say,
- 16:56Speaker 3: we squeezed around and we got this. My perception is
- 16:59Speaker 3: that the ira means are keen to deny the United States,
- 17:02Speaker 3: that they wouldn't give Trump what he wants as a victory.
- 17:06Speaker 3: And the reason why that they look at munitions, markets
- 17:08Speaker 3: in the midterms. Midterms obviously is a much longer term strategy.
- 17:11Speaker 3: They want to tank Donald Trump's administration and really all
- 17:14Speaker 3: of his presidency by tying him up. It's already been
- 17:17Speaker 3: several months now that we've been involved in this, and
- 17:20Speaker 3: nobody sees it ending anytime soon. Markets. Obviously, they're targeting
- 17:24Speaker 3: the oil markets. Yet the S and P five hundred
- 17:26Speaker 3: and all of that remains, they're very high. Has nothing
- 17:28Speaker 3: to do with consumer spending. I was reading this morning
- 17:30Speaker 3: the Tech companies just had their best month since two
- 17:34Speaker 3: thousand and two, so it's that's what's really propping up
- 17:38Speaker 3: the majority of our markets and then munitions. So obviously
- 17:41Speaker 3: all we're going to spend a lot of time in
- 17:43Speaker 3: our next block talking about this. But they can do
- 17:45Speaker 3: the same math that we can. It's all open source
- 17:47Speaker 3: and it's all out in the public. Not the exact numbers,
- 17:49Speaker 3: but the general percentages. They have a pretty good idea
- 17:52Speaker 3: of what they've been able to expend, and all of
- 17:54Speaker 3: those give them a strategic advantage for a negotiated press.
- 17:59Speaker 3: The problem is that Trump and Israel, especially with Trump
- 18:02Speaker 3: with Israel and his ear with a lot of these
- 18:04Speaker 3: neo cons in his ear, they could still escalate even further,
- 18:07Speaker 3: fulfill their civilization ending you know, proclamation, and then we're
- 18:12Speaker 3: never getting out of this thing. It will be a
- 18:14Speaker 3: decades long conflict.
- 18:17Speaker 2: Yeah, I mean absolutely, that is certainly on the table
- 18:20Speaker 2: at this point, and I think Jeremy's reporting is important
- 18:24Speaker 2: for understanding that whether or not they're right, and I
- 18:27Speaker 2: actually think, you know, I think they make some good
- 18:29Speaker 2: points in terms of the points of leverage that they have,
- 18:32Speaker 2: especially given the fact that the American public is not
- 18:36Speaker 2: behind this war, has never been behind this war, does
- 18:39Speaker 2: not want to be in this That there is a
- 18:41Speaker 2: key election coming up this fall, that there is a
- 18:46Speaker 2: lot of pressure on Trump market pressure, they're you know,
- 18:50Speaker 2: obviously the stockpiles, and then I think the midterms a
- 18:52Speaker 2: really critical point. And that's something they have been saying
- 18:55Speaker 2: from the very beginning. So when we talk to Professor
- 19:00Speaker 2: Morandi and asked him, I think you pressed him on like,
- 19:03Speaker 2: isn't the ceasefire kind of a mistake from an Iranian perspective?
- 19:07Speaker 2: His argument was no, because the longer this gets drawn out,
- 19:12Speaker 2: the more days that tick by, the closer we get
- 19:15Speaker 2: to those midterms, and the more that the economic pressure
- 19:18Speaker 2: on the US and the rest of the globe mounts.
- 19:22Speaker 2: So that is the way that they are viewing it.
- 19:25Speaker 2: Any idea that you know, oh, if we just do
- 19:27Speaker 2: one more blockade, or if we just do one more
- 19:29Speaker 2: bombing campaign, or maybe if we attack some you know,
- 19:33Speaker 2: defenses around the Street of Hormuz, then they're going to
- 19:36Speaker 2: come to the table. Then we're going to get the
- 19:37Speaker 2: deal of our dreams that's going to be vastly superior
- 19:40Speaker 2: to anything that anyone could have gotten before.
- 19:42Speaker 4: Is pure fantasy.
- 19:43Speaker 2: I mean, really, what you're talking about here is the
- 19:46Speaker 2: war continuing at some level until Trump realizes that some
- 19:51Speaker 2: level of humiliating defeat is what is going to be
- 19:54Speaker 2: required to end this thing and extricate ourselves and try to,
- 19:59Speaker 2: you know, rebuild and restore the you know, the the
- 20:04Speaker 2: baseline status quo that we had before. And the reality
- 20:06Speaker 2: is that the real status quo, and with regard to
- 20:08Speaker 2: the straight of Homboz and the way that world power
- 20:10Speaker 2: is distributed, et cetera, is gone and it's not coming back.
- 20:13Speaker 2: But you know how this logic work, Soca, and this
- 20:15Speaker 2: is how you end up staying in Afghanistan for a
- 20:17Speaker 2: million years. Is how you end up staying in Iraq
- 20:19Speaker 2: for a million years. Nobody wants to end the war
- 20:22Speaker 2: because then you have to deal with reality. As long
- 20:24Speaker 2: as the war continues to go on. You can have
- 20:27Speaker 2: your victory narrative. You can you know, you can just
- 20:30Speaker 2: pretend that things are going great and no one has
- 20:33Speaker 2: to deal with the actual concrete facts of what the
- 20:36Speaker 2: war wrought and what.
- 20:37Speaker 4: It meant for your country and for the world.
- 20:39Speaker 3: Absolutely, this is the biggest and this is the you know,
- 20:41Speaker 3: when we say America is addicted to war. This is
- 20:43Speaker 3: why is war is actually the easiest course for everybody already.
- 20:47Speaker 3: Look now, gas is four bucks a gallon? Have the
- 20:51Speaker 3: have the headlines really caught up with it? If I
- 20:53Speaker 3: turned CNN on today, So in the middle of the war, absolutely,
- 20:56Speaker 3: that's what the major headline is. What am I likely
- 20:58Speaker 3: to see?
- 20:59Speaker 1: Probably some more.
- 20:59Speaker 3: Stuff about the White House correspondence dinner shooting, because they're
- 21:02Speaker 3: all obsessed with that and their own feelings everybody's, isn't
- 21:05Speaker 3: it kind of moving on?
- 21:07Speaker 1: We're doing ball. You could already see like little things.
- 21:09Speaker 3: If you ask the average person, Hey, what's going on,
- 21:12Speaker 3: they're gonna know a lot more about Diana Rossini and
- 21:14Speaker 3: Mike Vrabel than they are necessarily about what's going on
- 21:17Speaker 3: with the Iron negotiation. As long as nobody's dying bombs,
- 21:20Speaker 3: things are not blown up four bucks a gallon.
- 21:22Speaker 1: It's annoying, you know, but people can move on.
- 21:24Speaker 3: Now. I think it's a crisis, but that's generally how
- 21:27Speaker 3: things work.
- 21:27Speaker 1: Don't believe me. Go look at a RAQ two thousand
- 21:29Speaker 1: and five. We had five dollars gas.
- 21:31Speaker 3: I would say it was definitely a big story, but
- 21:33Speaker 3: there were a lot of others Hurricane Katrina.
- 21:35Speaker 1: People have, you know, go.
- 21:36Speaker 3: On with their life long the war goes on, KBR, Haliburton,
- 21:40Speaker 3: everybody's still getting rich. It's definitely a political problem, but
- 21:43Speaker 3: it's not really like the most pressing problem. And that
- 21:46Speaker 3: was even with US soldiers who were dying in the conflict.
- 21:49Speaker 3: US soldiers and US marines. This time around, you know,
- 21:52Speaker 3: we don't have that right now, so you could I
- 21:54Speaker 3: could easily see a situation where for Trump they just
- 21:57Speaker 3: keep pushing it and then every one once in a
- 22:00Speaker 3: while something will flare up. That's what a lot of
- 22:02Speaker 3: the Iraq war coverage in the mid two thousands was
- 22:05Speaker 3: like that. It would be a eight minute part of
- 22:08Speaker 3: our long show, but you wouldn't spend the whole show
- 22:11Speaker 3: on it. You would talk about Katrina and gas prices
- 22:13Speaker 3: or the Bush tax cuts, right like, everybody had to
- 22:16Speaker 3: move on with their life. And this is the issue
- 22:18Speaker 3: is that nobody at that time was like, oh my god,
- 22:21Speaker 3: what have we done. The easiest thing to do was
- 22:24Speaker 3: for the Congress, both Democrat and Republican, to keep rubber
- 22:26Speaker 3: stamping one hundred million a month, two hundred million a
- 22:30Speaker 3: month to be pumped into this country.
- 22:31Speaker 1: And that's how you end up with the twenty year occupation.
- 22:34Speaker 3: And I really do think that we are on a
- 22:37Speaker 3: road to something like that, and it's only until another
- 22:41Speaker 3: big thing happens that then we get to assess what
- 22:44Speaker 3: the hell happened. Like, we didn't fully come to terms
- 22:46Speaker 3: with Afghanistan until the exit. You know, you and I
- 22:49Speaker 3: we've been reading cigar reports and talking about it here for.
- 22:53Speaker 1: Years up to that point.
- 22:54Speaker 3: So it wasn't a surprise at all to see the
- 22:56Speaker 3: Afghan national security forces collapse. But for a lot of people,
- 22:59Speaker 3: it was very shocked because you know, a lot of
- 23:01Speaker 3: people take in the propaganda, so.
- 23:03Speaker 4: I'm not sure I expected them to collapse quite so
- 23:05Speaker 4: quickly as they did.
- 23:06Speaker 2: I'm not sure that I would have called like they
- 23:08Speaker 2: just instantly collapsed, But was I surprised that, you know,
- 23:12Speaker 2: over the some period of time.
- 23:14Speaker 4: We end up in that situation.
- 23:16Speaker 2: And yeah, and then you have to reckon with the
- 23:18Speaker 2: fact that we spend all these years in Afghanistan and
- 23:20Speaker 2: now Taliban's back in control, after all this lives and
- 23:23Speaker 2: treasure that was lost, it just ends, you know, with
- 23:27Speaker 2: absolutely nothing having been accomplished, and and worse than nothing,
- 23:31Speaker 2: obviously because of the tremendous cost of over that period.
- 23:34Speaker 2: And if you're, you know, someone who cares a lot
- 23:36Speaker 2: about America's position in the world, and I think this
- 23:40Speaker 2: administration certainly does. I think a lot of their acts
- 23:43Speaker 2: are sort of desperate attempts to hold on to American hegemony.
- 23:47Speaker 2: So Iran is also, you know, in a position to
- 23:50Speaker 2: make some significant moves here on the diplomacy front. We
- 23:52Speaker 2: could put a four up on the screen. You had
- 23:55Speaker 2: them in Russia meeting in Moscow with Putin to strengthen
- 24:01Speaker 2: that relationship. Also going to Oman, could put a six
- 24:05Speaker 2: up on the screen. This is sort of I don't
- 24:07Speaker 2: know what you want to call this, funny, ironic whatever.
- 24:10Speaker 2: A super yacht linked to a sanctioned Russian billionaire was
- 24:13Speaker 2: able to sail through the Strait of Hormuz on Saturday,
- 24:16Speaker 2: according to shipping data, one of very few vessels to
- 24:19Speaker 2: transit the blockaded shipping lane the heart of the US
- 24:22Speaker 2: Iran conflict. And then Tzagara is just seeing this morning
- 24:25Speaker 2: that this one's very significant. A Japanese tanker apparently has
- 24:30Speaker 2: secured the ability to transit through the stick straight. Now
- 24:33Speaker 2: why is that significant? Obviously because Japan is a key ally,
- 24:37Speaker 2: so we already have. Yesterday we talked about how the
- 24:39Speaker 2: German Chancellor was like, the entire nation of the US
- 24:42Speaker 2: is being humiliated by Iran. There is no exit insight.
- 24:47Speaker 2: You know, this is a complete disaster, so speaking this
- 24:49Speaker 2: very unvarnished way that they were not speaking in at
- 24:52Speaker 2: the beginning of this war whatsoever. And now you increasingly
- 24:56Speaker 2: see key US allies going Iran and saying, all right,
- 24:59Speaker 2: we need this OI, like, what do we need to do.
- 25:01Speaker 2: Let's make a deal, and we know Iran's terms. Their
- 25:04Speaker 2: terms are we're going to direct you through this particular
- 25:07Speaker 2: shipping lane, You're going to pay a toll, and that
- 25:09Speaker 2: toll is going to be either in crypto or it's
- 25:11Speaker 2: going to be in Chinese one.
- 25:13Speaker 4: So apparently those are the sorts of deals.
- 25:15Speaker 2: That already our key allies are beginning to strike because
- 25:18Speaker 2: they have no choice. I mean, East Asia is just
- 25:21Speaker 2: absolutely screwed by not only Iranian control, and our blockade
- 25:28Speaker 2: is really really hurting them. I mean, as much as
- 25:32Speaker 2: four dollars gallon gas at the pump hurts Americans, it's
- 25:36Speaker 2: nothing compared to what they are already experiencing. So if
- 25:40Speaker 2: you want to see what the future looks like, look
- 25:42Speaker 2: at what's happening in East Asia right now.
- 25:44Speaker 3: Yeah, we didn't. It's all in Japanese. It wouldn't make
- 25:46Speaker 3: any sense. But there was a television segment that happened
- 25:49Speaker 3: in Japan a few days ago where they celebrated the
- 25:52Speaker 3: arrival of a single oil tanker from the United States,
- 25:56Speaker 3: and they were like, wow, look at this great and
- 25:58Speaker 3: it was like a big headline piece of news. One
- 26:02Speaker 3: tanker from the United States which had enough oil to
- 26:06Speaker 3: supply Japan for half of one day of their entire consumption.
- 26:10Speaker 3: Just to be very clear about how bad things are
- 26:13Speaker 3: over there. No, it's not a surprise at all. Remember,
- 26:16Speaker 3: Korea is also scrambling for oil. It's interesting to this
- 26:19Speaker 3: point the Koreans and the Japanese are you know, originally
- 26:22Speaker 3: when the war was happening, they were really sounding the alarm.
- 26:25Speaker 1: So I've been reading their press. They've been trying to
- 26:27Speaker 1: tamp down.
- 26:27Speaker 3: The Japanese Prime minister actually is in a open conflict
- 26:31Speaker 3: right now with the opposition over whether to do basically
- 26:34Speaker 3: a bailout, a supplemental budget in order to purchase or
- 26:37Speaker 3: you know, flood the economy again. As I understand it,
- 26:40Speaker 3: I'm a layman, and I'm trying to read their Google
- 26:42Speaker 3: Translate of their news, but as I get it, they're
- 26:44Speaker 3: an argument over supplemental funding in a budget and over
- 26:49Speaker 3: energy conservation because she's under fire right now and she
- 26:52Speaker 3: keeps saying I'm not going to tell the population yet
- 26:56Speaker 3: to cut down on their energy consumption. There's been some
- 26:59Speaker 3: volunteer efforts, but she's under at least some internal pressure
- 27:02Speaker 3: and press questions to be like, hey, when are you
- 27:04Speaker 3: going to institute some sort of quotas, When are you
- 27:07Speaker 3: going to institute, you know, a mandatory reduction in the
- 27:10Speaker 3: amount of energy that's used. I think all of them
- 27:13Speaker 3: are really hoping and they're trying to quiet down panic signals.
- 27:16Speaker 3: But yeah, I mean, eventually, oil stocks are going to
- 27:19Speaker 3: be oil stocks, so you have to look at it clearly.
- 27:22Speaker 3: I believe that they triggered another release of their strategic
- 27:26Speaker 3: petroleum reserve, and remember they do have a very very
- 27:28Speaker 3: large one, almost two hundred days because they're so so
- 27:32Speaker 3: reliant on Middle Eastern oil. I know Korea also struck
- 27:35Speaker 3: a lot of deals with Kazakhstan and with others, but
- 27:38Speaker 3: by and large, like the amount of oil that just
- 27:41Speaker 3: continues to go that came from the Straits over moves
- 27:43Speaker 3: is just impossible to replace in the immediate terms with
- 27:46Speaker 3: the numbers of their own consumption without genuine drastic effects
- 27:51Speaker 3: on their overall economy. So you will see much much
- 27:55Speaker 3: more of this. Arachi was in Moscow, you know, clearly.
- 27:58Speaker 3: I think that's maybe one of the reasons that I
- 27:59Speaker 3: rushed supertanker or super yacht was able to go through.
- 28:03Speaker 3: Maybe this is a gesture of goodwill to the Russian
- 28:06Speaker 3: oligarical class. So I think you could start to put
- 28:09Speaker 3: some of these things together and you can really look
- 28:11Speaker 3: at how the world is shifting. The Germans, you know,
- 28:14Speaker 3: the German chancellor, the Japanese potentially paying the toll, the
- 28:17Speaker 3: Russian supertanker.
- 28:19Speaker 1: The control over this choke point is.
- 28:21Speaker 3: Just so so so important, and I guess was apparently
- 28:25Speaker 3: underestimated by the US, which is just incredible in retrospect.
- 28:32Speaker 2: Sager, I understand, we have some significant breaking news this
- 28:34Speaker 2: morning speaking to the economic damage and the way that's
- 28:38Speaker 2: already reshaping the globe.
- 28:39Speaker 3: Let's go ahead and put this up here on the screen.
- 28:41Speaker 3: Just broke as we were recording full statement. The United
- 28:45Speaker 3: Arab Emirates is saying that it will officially leave the
- 28:48Speaker 3: OPEC cartel on May one, not just OPEK, but OPEC Plus.
- 28:52Speaker 3: We're going to go and put their statement up here
- 28:54Speaker 3: and I will read from it. They say, the UAE
- 28:56Speaker 3: has today announced its decision to exit the Organization of
- 28:59Speaker 3: Petroleum xiwar In Countries and Plus effective May first. The
- 29:02Speaker 3: decision reflects UAE's long term strategic and economic vision, evolving
- 29:07Speaker 3: energy profile, including accelerated investment in domestic energy production. The
- 29:12Speaker 3: decision follows a comprehensive review of UAE's production policy and
- 29:17Speaker 3: its current and future capacity. Is based on our national
- 29:19Speaker 3: interests and our commitment to contributing effectively to meeting the
- 29:24Speaker 3: market's pressing needs. Sovereign responsibility in a new energy age.
- 29:28Speaker 1: They say.
- 29:29Speaker 3: While near term volatility disruptions of the Arabian Golf and
- 29:32Speaker 3: the Strait of Hormuz continue to affect supply dynamics, underlying
- 29:36Speaker 3: trends point to sustained growth in global energy demand over
- 29:39Speaker 3: the medium to long term.
- 29:40Speaker 1: Yeah, sure it does.
- 29:41Speaker 3: A stable energy system depends on flexible, reliable and affordable supply,
- 29:46Speaker 3: and they say, following its exit, the UAE will continue
- 29:49Speaker 3: to act responsibly, bringing additional production to market in a
- 29:52Speaker 3: gradual and measured manner, aligned with demand and with market conditions.
- 29:57Speaker 3: Now you can read this and whatever corporate speak that
- 30:00Speaker 3: you want.
- 30:00Speaker 1: This is a titanic move.
- 30:02Speaker 3: The UAE, I have the numbers here in front of me,
- 30:05Speaker 3: is roughly between ten to thirteen percent of total OPEC output.
- 30:10Speaker 3: It is also one of the very few countries in
- 30:13Speaker 3: Opak that has spare capacity, which allows them to fluctuate
- 30:17Speaker 3: the amount of production. It is pretty obvious I think
- 30:20Speaker 3: from this statement they want to pump a lot more
- 30:22Speaker 3: oil than necessarily opack in them want to do to
- 30:26Speaker 3: flood the market and to get as much dollars in
- 30:28Speaker 3: their pockets as were Real's or whatever, you know, a
- 30:31Speaker 3: dollars real Juan Crypto. I think they're probably taking it
- 30:35Speaker 3: all at this time. But I mean, the reason why
- 30:38Speaker 3: this is so important is it is the biggest I
- 30:41Speaker 3: think sign yet of what the inevitable fortieth order consequences
- 30:44Speaker 3: of war always wrought, a new world order, a new empire.
- 30:48Speaker 1: And here a significant chink.
- 30:50Speaker 3: In the armor of one of the you know, Opak
- 30:53Speaker 3: one of the most successful oil cartels in or one
- 30:56Speaker 3: of the most cart successful cartels in the history of
- 30:58Speaker 3: mankind in their ability to control energy production, oil production,
- 31:03Speaker 3: the price of oil.
- 31:04Speaker 1: It's geopolitically massively important.
- 31:06Speaker 3: We learned all of that during the embargo back in
- 31:09Speaker 3: the nineteen seventies. So just looking at this in its face,
- 31:12Speaker 3: the UAE is charting a very interesting course which will
- 31:16Speaker 3: dramatically change the entire way that things work in the
- 31:22Speaker 3: in the Middle East. You have the UAE here, which
- 31:24Speaker 3: accepted idea of soldiers on its own soil during the
- 31:28Speaker 3: course of the war iron dome systems. They're now leaving
- 31:31Speaker 3: Opek maybe at the Behaes to the United States or not.
- 31:34Speaker 3: I'm really not sure exactly how that is working, but
- 31:37Speaker 3: they're charting their own type of course. They went all
- 31:40Speaker 3: in really on the Iran Warran I think they lost,
- 31:42Speaker 3: and so now they have to really probably just continue
- 31:45Speaker 3: to go all in and maybe sell as much oil
- 31:47Speaker 3: as humanly possible to try and salvage their image. Dubai Airport,
- 31:53Speaker 3: the city of Dubai. They need to restore some sense
- 31:56Speaker 3: of normalcy, but they've also gone so hard against the
- 31:59Speaker 3: Iranians that they need to finish the job. I don't
- 32:01Speaker 3: know exactly everything that they're thinking, obviously, I'm just reacting
- 32:04Speaker 3: to this in real time. But all the oil analysts
- 32:07Speaker 3: are reacting to this as like a major holy shit
- 32:10Speaker 3: moment from Weaken.
- 32:10Speaker 2: Say, yeah, well, there's a lot to you know, to
- 32:13Speaker 2: think about and to speculate about here. I have one
- 32:15Speaker 2: thing to say very clearly is we knew UA was
- 32:18Speaker 2: under a significant amount of financial pressure already, because they'd
- 32:21Speaker 2: already come to us and said, hey, we may need
- 32:23Speaker 2: this currency swap line, which the you know, Trump investent
- 32:27Speaker 2: at all have seemed to be willing to offer them.
- 32:30Speaker 2: And the reason why is because they don't want them
- 32:33Speaker 2: to start dumping treasuries into the market or dumping I
- 32:36Speaker 2: mean these you know, goulf air nations. UA in particular,
- 32:39Speaker 2: they hold a lot of US assets of all sorts.
- 32:42Speaker 2: So if they start having to sell off their US
- 32:45Speaker 2: held stock portfolio, well that could crash the market. And
- 32:49Speaker 2: god knows, you know, the rich people who support Donald Trump,
- 32:51Speaker 2: which and he's you know, watching the markets very closely,
- 32:54Speaker 2: they don't want that. So we knew that UA was
- 32:57Speaker 2: under this financial pressure. We've been taught talking since effectively
- 33:01Speaker 2: day one of this war. The way that the war
- 33:04Speaker 2: is so devastating for them because so much of their
- 33:06Speaker 2: attempt to diversify beyond being you know, an oil backed nation.
- 33:11Speaker 4: Was this branding of.
- 33:13Speaker 2: Dubai of Abu Dhabi, and that is something that once
- 33:16Speaker 2: it's hit it may be impossible to bring back. So
- 33:20Speaker 2: I think it's a sign of the financial pressure. You're right,
- 33:22Speaker 2: it could be that the US told them we want
- 33:25Speaker 2: you to leave Opek and you know, produce as much
- 33:28Speaker 2: oil as you possibly can. That is also if that's
- 33:31Speaker 2: the case, that's an indication of how much the US
- 33:35Speaker 2: is feeling the squeeze. As you know, capacity has been
- 33:39Speaker 2: and billions of a billion barrels of oil taken off
- 33:42Speaker 2: the market because of the restrictions in the Strait of Hormuz,
- 33:46Speaker 2: So that would be an indication of how much pressure
- 33:48Speaker 2: the US is feeling. But you know, if you think
- 33:50Speaker 2: about it more broadly, Look, what's the This is very obvious,
- 33:54Speaker 2: but what's the reason why anyone participates in a cartel?
- 33:56Speaker 2: Because it's guaranteed over the long run to be more profitable.
- 34:01Speaker 2: So it's an indication that they have decided they're in
- 34:04Speaker 2: a desperate enough situation they need to deal with the
- 34:07Speaker 2: short term and try to pump out as much oil
- 34:09Speaker 2: as possible and try to get as much as they
- 34:12Speaker 2: can right now versus prioritizing the long run profitability, because
- 34:16Speaker 2: in the long run, like obviously that sort of cartel collaboration,
- 34:22Speaker 2: the reason, whole reason you do it is to increase
- 34:24Speaker 2: the profitability to control the market in a way that
- 34:27Speaker 2: is beneficial to all of the participants in the cartel.
- 34:30Speaker 3: Reading here just a more immediate now analysis from the
- 34:33Speaker 3: Financial Times it golf under This move by the Golf
- 34:37Speaker 3: State underlines long running frustration with the group of oil
- 34:40Speaker 3: exporters over production quotas and specifically tensions with Saudi Arabia.
- 34:44Speaker 3: Comes as the world is grappling with the biggest energy
- 34:46Speaker 3: crisis in decades. The UAE has for several years expressed
- 34:49Speaker 3: its frustration with OPEC as it has been annoyed by
- 34:52Speaker 3: the cartel's production quotas and prevented it from exporting greater
- 34:56Speaker 3: quantities of oil. So pump it if you got it,
- 34:59Speaker 3: I guess is the mantra. The problem is export it
- 35:02Speaker 3: where there's no oil that's leaving. So I don't know,
- 35:06Speaker 3: I mean, it's a desperate move. Very likely again pure
- 35:10Speaker 3: speculation on my part. If they're probably mad, they're mad
- 35:13Speaker 3: at Saudi Arabia because Saudi Arabia, at the end of
- 35:15Speaker 3: the day, they've got the East West pipeline and they
- 35:17Speaker 3: can still export through the Red Sea. So they're hurting,
- 35:20Speaker 3: but they're not hurting nearly as bad. They don't have
- 35:22Speaker 3: a total shut in. They also didn't get hit nearly
- 35:24Speaker 3: as hard as the UA, which is part of the
- 35:26Speaker 3: reason why the UAE was going so hard. But now,
- 35:29Speaker 3: as you said, the UAE was already looking for a bailout.
- 35:32Speaker 3: They're looking for a dollar swap line or something akin
- 35:35Speaker 3: to a semi bailout. I know it's a little bit
- 35:37Speaker 3: more complicated than that, but it definitely works out more
- 35:39Speaker 3: in their favor. And now here you have them a
- 35:42Speaker 3: leaving OPAK. The initial report is they didn't even call
- 35:45Speaker 3: Saudi Arabia or any of the other big powers inside
- 35:48Speaker 3: of OPEK. And like I said in the beginning, ten
- 35:50Speaker 3: to thirteen percent of total OPEC production, and really, I mean,
- 35:54Speaker 3: what I think it is, more than anything, is just
- 35:56Speaker 3: a sign of desperation there. They have been in this
- 35:59Speaker 3: and they've been an OPEC for over fifty years. So
- 36:02Speaker 3: the rewriting here of our energy markets, it's just, I
- 36:05Speaker 3: mean incredible, Honestly, because now you have the not maybe
- 36:10Speaker 3: I'm not gonna say the end of OPAK. At the
- 36:11Speaker 3: end of the day, it's ten to thirteen percent. We
- 36:13Speaker 3: have a member organization leaving you have the Iranian control
- 36:18Speaker 3: over the Straits over moves. Maybe they are you know,
- 36:20Speaker 3: maybe they will end up in charge of your charging tolls,
- 36:24Speaker 3: like for traffic in and out of the Strait, Saudi
- 36:27Speaker 3: Arabia itself, like their control over the GCC, and you know,
- 36:31Speaker 3: with where it's always been, all these rival problems between
- 36:34Speaker 3: Qatar and the UAE and Saudi Arabia, like all of
- 36:37Speaker 3: that is not broken out into the open. So yeah,
- 36:39Speaker 3: you can really see things are changing. That's that's really all.
- 36:43Speaker 3: That's the big takeaway.
- 36:45Speaker 2: And US allies going to Iran making deals Aroun. You know,
- 36:49Speaker 2: Iranian leaders traveling around the world to you know, strengthen
- 36:52Speaker 2: diplomatic ties with other countries, now recognizing that they have
- 36:56Speaker 2: more power in the global system than was previously understood.
- 37:00Speaker 2: So you know, and I mean this really gets to
- 37:03Speaker 2: the heart of US power and global hegemony. All you know,
- 37:07Speaker 2: a lot centered around US as the reserve currency, US dollars,
- 37:11Speaker 2: the reserve currency, the petro dollar being a very important
- 37:14Speaker 2: part of that. So yeah, very hard to predict what
- 37:18Speaker 2: things will look like at the end of this, but
- 37:19Speaker 2: one thing that's for sure, the world is not going
- 37:21Speaker 2: to be the same.
- 37:24Speaker 3: We talked earlier about factional conflicts breaking within the Ranian government, Well,
- 37:30Speaker 3: very same thing happening in our government. Let's put this
- 37:32Speaker 3: up here on the screen from the Atlantic. Multiple reporters
- 37:36Speaker 3: here on the byeline. The two I will draw your
- 37:39Speaker 3: attention to are Vivian Salama and Nancy Yusef. These are
- 37:44Speaker 3: very very good Pentagon correspondence. I follow them both for
- 37:48Speaker 3: years at various different outlets. They decamped to the Atlantic,
- 37:51Speaker 3: so their two bylines here definitely makes me pay a
- 37:54Speaker 3: lot of attention. And they say the Pentagon may not
- 37:57Speaker 3: be telling Trump the full picture about the now. I
- 38:00Speaker 3: don't think you really need a reporter to tell you
- 38:02Speaker 3: that part. But the rest of it is interesting. They
- 38:04Speaker 3: say Vice President Vance is worried about what the US
- 38:08Speaker 3: is running low on weapons In closed door meetings, Jade
- 38:11Speaker 3: Vance has repeatedly questioned the Defense Department's depiction of the
- 38:14Speaker 3: war in Iran and whether the Pentagon has understated what
- 38:17Speaker 3: appears to be the drastic depletion of US missile stockpiles.
- 38:22Speaker 3: Two senior Administration officials told us the Vice President has
- 38:26Speaker 3: queried the accuracy of the information the Pentagon has provided
- 38:28Speaker 3: about the war, has expressed concern about the availability of
- 38:31Speaker 3: certain missile systems, and discussion with President Trump. The consequences
- 38:35Speaker 3: of a dramatic drawdown its reserves are potentially dire. US
- 38:39Speaker 3: forces would have to draw from these same stockpiles to
- 38:41Speaker 3: defend Taiwan against China, South Korea against North Korea, and
- 38:45Speaker 3: Europe against Russia. Both Pete Hegsett, the Secretary of Defense,
- 38:48Speaker 3: and General Kine, have publicly said US weapons stockpiles are
- 38:52Speaker 3: robust and portrayed the damage to Iranian forces as drastic.
- 38:56Speaker 3: Vance's advisors, who spoke with us on the condition of anonymity,
- 39:00Speaker 3: told us the Vice President has presented his concerns as
- 39:02Speaker 3: his own, rather than accusing Hegzeth Kine of misleading the president.
- 39:07Speaker 3: Fans is trying, they said, to avoid making this personal
- 39:10Speaker 3: or to create divisions in Trump's war cabinet. Some of
- 39:13Speaker 3: his confidants believe, however, the heck says the portrayal has
- 39:15Speaker 3: been so positive as to be misleading. In a statement,
- 39:19Speaker 3: he said that the Pentagon chief is doing a great job,
- 39:21Speaker 3: and cited his work with Trump to ensure a warrior ethos.
- 39:24Speaker 3: White House officials said he asked a lot of probing
- 39:26Speaker 3: questions about strategic planning, as do all members of the
- 39:29Speaker 3: president's national security team. I think that about sums up
- 39:33Speaker 3: the whole thing, don't you Is you've got somebody who's
- 39:36Speaker 3: got a concern here about the war. But you can't say, hey, sir,
- 39:40Speaker 3: they're lying to you because they are.
- 39:42Speaker 1: That's very obvious.
- 39:43Speaker 3: So you know, you got to play the game, and
- 39:45Speaker 3: you got to do it. Oh well, actually he's a
- 39:47Speaker 3: great guy. But you know, maybe he's got bad information.
- 39:51Speaker 1: Right.
- 39:51Speaker 3: It's like no, like the invention, the information is just bad.
- 39:56Speaker 3: The problem and I already know this. This is based
- 39:58Speaker 3: on no inside info. This is just my own theory.
- 40:02Speaker 1: Is Trump loves hegseeth. That's why Hegseth is out on
- 40:06Speaker 1: the post.
- 40:06Speaker 3: Why do you think he does these bullshit press conferences
- 40:09Speaker 3: about how we're taking it to the enemy and you know,
- 40:11Speaker 3: the warrior ethos and everybody loves President Trump and decisive
- 40:15Speaker 3: leadership and we're winning. Why do you think that they
- 40:18Speaker 3: do that, right? They do it for his consumption. Trump
- 40:21Speaker 3: loves it and he berates the press. What did he say,
- 40:24Speaker 3: Compare them again, I don't know anything about the Bible.
- 40:26Speaker 3: Something about pharisees. He's like, people are pharisees, like some
- 40:29Speaker 3: biblical curse or something on the members of the press corps,
- 40:33Speaker 3: Like that's what it was all. It's all designed for
- 40:35Speaker 3: one audience, so that whenever he goes to him and
- 40:38Speaker 3: tells him how much we're winning, he's gonna believe it.
- 40:41Speaker 3: And then same with the munition stuff, like remember those
- 40:44Speaker 3: early truths from Trump, we have all the weapons we
- 40:47Speaker 3: could ever need.
- 40:48Speaker 1: Where do you think it's coming from? Right?
- 40:50Speaker 3: Does anybody put in a spreadsheet in front of the
- 40:52Speaker 3: man and being like, here's what you use and here's
- 40:54Speaker 3: what we got left. Or they're saying, don't worry, there's
- 40:56Speaker 3: plenty more to pull from, but they're not explaining necesscessarily
- 41:00Speaker 3: the consequences. At the end of the day, Let's just
- 41:02Speaker 3: be clear. This is all Trump's fault. He isn't who
- 41:04Speaker 3: wanted to do this. He's not a complete idiot. He
- 41:07Speaker 3: can read.
- 41:07Speaker 1: He reads the same Wall Street.
- 41:08Speaker 3: Journal pieces that you or I do about munition stockpile,
- 41:13Speaker 3: so he knows if he wants to. But he's also
- 41:15Speaker 3: being told something very very different from a lot of
- 41:17Speaker 3: the people who are directly in charge of running the war.
- 41:20Speaker 2: Well, and Trump decides to believe the things that he
- 41:23Speaker 2: wants to believe. That's why when our own military officials
- 41:27Speaker 2: were maybe way too meekly being you know, I see
- 41:30Speaker 2: some problems here, right, There could be some issues here, sir,
- 41:33Speaker 2: But of course we're.
- 41:34Speaker 4: Behind you if you want to do it.
- 41:36Speaker 2: What he wanted to hear was the Israelis going, Oh,
- 41:38Speaker 2: it'll be cakewalk, don't worry about it, you'll take out
- 41:41Speaker 2: the Ayatola. You'll be in and out of there three
- 41:43Speaker 2: to four days. Because that's the narrative he wanted to hear.
- 41:47Speaker 2: That's what he chose to believe. So he may be
- 41:50Speaker 2: reading the same Wall Street Journal pieces about oh, the
- 41:53Speaker 2: munitions are diminished in this way and that way, and
- 41:55Speaker 2: fifty percent of that used, and you know, sixty percent
- 41:58Speaker 2: of this used, and we barely have any interceptors left,
- 42:01Speaker 2: and israels down to double digits of interceptors, et cetera.
- 42:04Speaker 2: But if you've got someone else coming in with a
- 42:06Speaker 2: happier narrative, he'll just go, oh, well, those people are
- 42:09Speaker 2: just fake news and they hate America, And I'm going
- 42:11Speaker 2: to go with what heagset is showing me in my
- 42:13Speaker 2: two minute hype reel of all the ways that we're
- 42:16Speaker 2: bombing and destroying the Iranian military. So, you know, he
- 42:20Speaker 2: his own mental like, he has his own sort of
- 42:26Speaker 2: landscape that he's created, an information bubble that he himself
- 42:30Speaker 2: enforces even when counter information is easily readily available. In
- 42:36Speaker 2: terms of the Headset dvance thing here too, I mean
- 42:39Speaker 2: I think that jd vance based on this and based
- 42:42Speaker 2: on other reports that have seemingly come from his camp,
- 42:46Speaker 2: I think he wants to have distance from this war
- 42:48Speaker 2: because he recognizes it's disastrous, he recognizes it's politically extremely unpopular.
- 42:55Speaker 2: He still, you know, wants to be president in the
- 42:57Speaker 2: future and thinks that one way that he can help
- 43:00Speaker 2: position himself is if there's this track record relaid through
- 43:05Speaker 2: the media of all the objections he had and all
- 43:07Speaker 2: the concerns he had behind the scenes, etc.
- 43:09Speaker 1: Etc.
- 43:10Speaker 4: Now, I think that's foolish.
- 43:11Speaker 2: I think, you know, your vice president, you're going to
- 43:14Speaker 2: own whatever happens at this administration. But there also is
- 43:17Speaker 2: that political game that is being played, and this article
- 43:20Speaker 2: also indicates that Hext fancies himself a future presidential contender,
- 43:24Speaker 2: so he's playing the same game at the same time.
- 43:26Speaker 2: His calculus is no. The way for me to get
- 43:29Speaker 2: ahead is to be the most sycophantic devotee of Donald Trump,
- 43:33Speaker 2: which is why I'm going to do my press briefings
- 43:35Speaker 2: at ten am. I know that's a time when Trump
- 43:38Speaker 2: is watching Fox News. That's why he's doing all this
- 43:40Speaker 2: performative victory narrative more aggressively than literally anyone else, because
- 43:45Speaker 2: he knows that what Trump wants to hear. And Pete,
- 43:49Speaker 2: whose primary background is in television and Fox News cable production,
- 43:55Speaker 2: probably has a better lane to understand the mentality of
- 43:58Speaker 2: Donald Trump than basically any one else.
- 44:00Speaker 3: I also heard, again this is just from a few people.
- 44:04Speaker 3: I heard Pete wants to be the governor of Tennessee.
- 44:07Speaker 3: That would be something that he has his eye on,
- 44:10Speaker 3: and that's where he used to live previously.
- 44:12Speaker 4: Again, I think he should resign and pursue that dream.
- 44:15Speaker 2: You know, I think there's no time like the president
- 44:18Speaker 2: Carpe DM Pete, go for it, right, you.
- 44:21Speaker 1: Know, I mean, it's Tennessee. How much damage can you
- 44:24Speaker 1: really do? Right? So I'm sorry Tennessee, all right, I'm sorry.
- 44:28Speaker 2: No offense to Tennessee, which I actually do love as
- 44:30Speaker 2: a state. But I don't even know who the governor
- 44:32Speaker 2: of Tennessee is. That's how important they are to the
- 44:34Speaker 2: rest of the nation.
- 44:36Speaker 4: So if the.
- 44:36Speaker 2: Residents of Tennessee what pete he said to be their governor,
- 44:39Speaker 2: I say they should have that.
- 44:41Speaker 1: Right, Yeah, go for it. To put them in shure.
- 44:43Speaker 1: Don't they have great smoky mountains? Isn't that in Tennessee?
- 44:45Speaker 4: Yeah, Tennessee is beautiful.
- 44:47Speaker 2: He could go great, there's beautiful lakes, there, mountains. It's not.
- 44:51Speaker 2: There's a lot of great cities.
- 44:52Speaker 4: See.
- 44:52Speaker 3: Okay, let's continue here. B two, let's put this up
- 44:55Speaker 3: here on the screen again. Just to this uh, to
- 44:59Speaker 3: this point. This is from the New York Times. I mean,
- 45:01Speaker 3: at a certain point this is almost repetitive, but having
- 45:03Speaker 3: it on the record is really important. So let's read
- 45:06Speaker 3: all the numbers. The United States has burned eleven hundred
- 45:09Speaker 3: long range stealth cruise missiles built for a war with China.
- 45:12Speaker 3: This is for a person close to the total number
- 45:15Speaker 3: of remaining the US stockpile. The military fired off more
- 45:18Speaker 3: than one thousand Tamahawk cruise missiles, ten times the number
- 45:21Speaker 3: that it currently buys each year. The Pentagon used more
- 45:25Speaker 3: than twelve hundred Patriot interceptors in the war, at more
- 45:27Speaker 3: than four million dollars of pop and more than one
- 45:31Speaker 3: thousand percision strike and atkam at Akam ground based missiles,
- 45:35Speaker 3: leaving inventories worrisomely low. Iran war has significantly drained much
- 45:42Speaker 3: of the US military's global supply of munitions, and it
- 45:45Speaker 3: forced the Pentagon to rush bombs, missiles, and other hardware
- 45:48Speaker 3: to the Middle East from commands in Asia and Europe.
- 45:51Speaker 3: The drawdowns have left these regional commands less ready to
- 45:54Speaker 3: confront potential adversaries like Russia and with China. The Defense
- 45:58Speaker 3: Department has not disclosed how many munitions it used in
- 46:01Speaker 3: the thirty eight days of the war. The Pentagon says
- 46:03Speaker 3: it now hit more than thirteen thousand targets. Now, again,
- 46:06Speaker 3: if these numbers were bullshit, they would say that they
- 46:08Speaker 3: were bullshit.
- 46:08Speaker 1: Let's just be very clear about that.
- 46:10Speaker 3: So the truth is very clearly that in the first
- 46:13Speaker 3: two days alone, two days of war, they fired.
- 46:16Speaker 1: Six billion in munitions.
- 46:18Speaker 3: Let's do some quick math here for the Patriots twelve
- 46:22Speaker 3: hundred times four million. Let's see how much that is
- 46:27Speaker 3: so twelve hundred times four million is what that's like?
- 46:31Speaker 1: Four point eight billion? Is that right? So I might
- 46:35Speaker 1: be totally wrong.
- 46:36Speaker 3: It's either forty eight billion or four point eight billion
- 46:38Speaker 3: either wy I'm using the Google here, But the point remains,
- 46:43Speaker 3: that's an insane number no matter what that it actually is.
- 46:47Speaker 3: It's almost unfathomable because we're not just talking about it
- 46:49Speaker 3: in terms of dollars. What we're talking about it is
- 46:52Speaker 3: in terms of how long would it be to replace
- 46:55Speaker 3: set interceptors? And you and I know the answer ten
- 46:57Speaker 3: years at a minimum. At a minimum the ten years,
- 47:01Speaker 3: which leaves you really really unsafe. And also what China
- 47:06Speaker 3: doesn't read the news, Russia doesn't read the news, North
- 47:09Speaker 3: Korea doesn't read the news. I think that they all can.
- 47:11Speaker 3: They all have New York Time subscriptions. So and again,
- 47:14Speaker 3: you know these numbers. One of the most consistent pushback
- 47:17Speaker 3: I get when I talk about this is Hugh idiot,
- 47:20Speaker 3: You think that they would just tell you the exact number,
- 47:23Speaker 3: And I'm like, no, I don't. But we live in
- 47:27Speaker 3: actually a much more open society than people take that.
- 47:30Speaker 3: People just like seem to forget Pentagon has got to
- 47:34Speaker 3: go to Congress, all you gotta do is read these
- 47:37Speaker 3: boring ass reports for production timelines, and deep within the
- 47:41Speaker 3: spreadsheet are all of the numbers for the last ten years,
- 47:45Speaker 3: not the exact number, but a general ballpark, because again
- 47:48Speaker 3: they have to justify each weapon system and what they're
- 47:50Speaker 3: buying it for. So you have a pretty good idea
- 47:53Speaker 3: of what the exact total number is. Now in terms
- 47:56Speaker 3: of what's being used, you're really going off of ballparks.
- 47:59Speaker 3: But saying, I mean these think tanks and all these people,
- 48:01Speaker 3: they are scarily accurate whenever it comes to their overall projection,
- 48:05Speaker 3: and it's been tested.
- 48:07Speaker 1: Time and time again.
- 48:07Speaker 3: They would come out with an estimate from the April
- 48:10Speaker 3: twenty twenty four conflict where we shot down all those
- 48:12Speaker 3: Iranian missiles and drones headed towards Israel, and then a
- 48:16Speaker 3: year later it would all get confirmed in an open
- 48:19Speaker 3: source So you really should trust a lot of the
- 48:21Speaker 3: stuff because this is not just from leaks. This is
- 48:23Speaker 3: also from estimates that have come out from a lot
- 48:26Speaker 3: of these think tanks. And the real reason why any
- 48:29Speaker 3: of this word matter in the first place. Let's put
- 48:31Speaker 3: B three up here on the screen is as they
- 48:34Speaker 3: pointed to some of those missiles. They were literally designed
- 48:37Speaker 3: for a potential conflict with China, and now you know,
- 48:40Speaker 3: the same war planners and others are openly just leaking
- 48:43Speaker 3: this stuff. The Iran war complicates contingency plans to defend Taiwan.
- 48:48Speaker 3: Fully replacing stockpiles of weapons fired in the Middle East
- 48:51Speaker 3: could take up to six years.
- 48:52Speaker 1: That's in an accelerated timeline. Let's keep that in mind.
- 48:55Speaker 3: And they have burned through so many munitions that some
- 48:58Speaker 3: Administration officials increasingly assessed that the US couldn't fully execute
- 49:02Speaker 3: these contingency plans from a Chinese invasion if it occurred
- 49:06Speaker 3: in the near term. Holly replacing would take up to
- 49:09Speaker 3: six years, kicking off discussion in the administration about adjusting
- 49:12Speaker 3: operational plans in preparation for any order by the military
- 49:16Speaker 3: to defend Taiwan. Shishingping is now preparing to hold this
- 49:19Speaker 3: high stake summit in Beijing, and China's military is still
- 49:23Speaker 3: reeling from a purge of generals. What they say, though
- 49:26Speaker 3: specifically inside of it, is that the people familiar with
- 49:29Speaker 3: the munition status didn't detail the precise impact that the
- 49:32Speaker 3: depletions would have on the Chinese Russian related talks, but
- 49:36Speaker 3: it means that it would potentially increase the on the
- 49:39Speaker 3: agenda item for where they would discuss Taiwan in some
- 49:42Speaker 3: sort of potential summit. I would also note ahead of
- 49:46Speaker 3: the Tan Taiwan summit, something very interesting happened yesterday which
- 49:49Speaker 3: very few people paid attention to. Facebook and or Meta
- 49:53Speaker 3: tried to acquire this new Chinese AI company. It was
- 49:57Speaker 3: a two billion dollar acquisition and they're actually going through
- 50:01Speaker 3: it right now. China, out of nowhere just came out
- 50:05Speaker 3: barred the founders of the company from leaving the country,
- 50:09Speaker 3: and their equivalent of the FTC just came out, and
- 50:13Speaker 3: I'm like, yeah, no, that deal, it's not going to
- 50:16Speaker 3: go through.
- 50:16Speaker 1: Now.
- 50:17Speaker 3: Practically the deal probably will still go through because it
- 50:19Speaker 3: was already happening and there's some offshore stuff. I don't
- 50:22Speaker 3: fully understand it. It's a signal though, to the United
- 50:25Speaker 3: States and others, all this financial entanglement that's over. We
- 50:29Speaker 3: don't want much more of that. We want it totally
- 50:31Speaker 3: on our terms. So I view all of these things
- 50:33Speaker 3: as interconnected. You know, their economic leverage is their smartest play.
- 50:38Speaker 3: They've used it time and time again, not just US, Korea, Japan,
- 50:42Speaker 3: any country that they're having problems with So I put
- 50:44Speaker 3: these two things together, They're feeling a little bit more bold.
- 50:47Speaker 3: They're definitely going They're building a long game for any
- 50:50Speaker 3: potential problems, and they can do math in the same
- 50:53Speaker 3: way that we can, except their math looks a hell
- 50:56Speaker 3: of a lot better than our math.
- 50:58Speaker 2: Yeah, I mean, listen, this is the goal of every administration,
- 51:03Speaker 2: both Republican and Democrats, the idea that our military needs
- 51:06Speaker 2: to be of a sufficient size and scope to be
- 51:10Speaker 2: able to counter China. Whether you agree without approach or not,
- 51:14Speaker 2: that certainly has been what the like, you know, what
- 51:16Speaker 2: the US Empire has done, and I think there's an
- 51:19Speaker 2: argument for it, Like you don't want to be left vulnerable,
- 51:22Speaker 2: you know, I personally think, Look, I feel for the
- 51:24Speaker 2: tai Taiwanese people. I personally think it would be insane
- 51:27Speaker 2: to go to war with China over Taiwan. But we
- 51:30Speaker 2: do need to get our semiconductor act together, and we
- 51:32Speaker 2: have not done that. We have not got our act
- 51:34Speaker 2: together on any number of the critical supply lines that
- 51:37Speaker 2: China has significant control over, which is why when Trump
- 51:40Speaker 2: tried to implement a massive terror regime against China, China
- 51:44Speaker 2: was like, great, let me show you some of the
- 51:46Speaker 2: cards that we hold, and Trump immediately folded to use
- 51:49Speaker 2: the analogy that he that he prefers. So, you know,
- 51:53Speaker 2: the other way you can tell that this reporting about
- 51:55Speaker 2: munitions is relatively spot on is the fact that the
- 51:59Speaker 2: administration is desperately trying to get more funds from Congress
- 52:02Speaker 2: to rearm both for the short and the longer term.
- 52:05Speaker 2: You know, they keep making these announcements that like, oh,
- 52:07Speaker 2: we went to the Ford and the automakers so that
- 52:10Speaker 2: we can invoke the Defense Production Act and get them
- 52:12Speaker 2: to start making helping us with weapons production. And oh,
- 52:15Speaker 2: we have this agreement with all of the military industrial
- 52:18Speaker 2: complex providers that they're going to quintuple production or whatever
- 52:23Speaker 2: the number was. Oh they met with us, and oh
- 52:25Speaker 2: my god. Turns out they're happy to make more money.
- 52:27Speaker 2: Isn't that crazy? But none of those things are going
- 52:29Speaker 2: to be built out until they actually have secured the
- 52:31Speaker 2: cash from Congress, which has not happened. So as of now,
- 52:35Speaker 2: there is no increased ramped up production. We're still on
- 52:39Speaker 2: the same slow timeline and burning through I mean, we
- 52:43Speaker 2: burned through so many different types of munitions during the
- 52:46Speaker 2: period of this war. And again I think it looks
- 52:49Speaker 2: increasingly likely, certainly possible, if not likely, that we will
- 52:53Speaker 2: go back into some level of hot conflict because you've
- 52:57Speaker 2: got Rubio and Trump both signaling that they do not
- 53:00Speaker 2: find this limbo to be satisfactory. You've got continued pressure
- 53:05Speaker 2: on the US economy, and all of the logic pushes
- 53:09Speaker 2: in the direction of some sort of heightened conflict, you know.
- 53:12Speaker 2: At the same time, just to get back to the
- 53:14Speaker 2: like vance Hegseth thing, like Hegseth is such an incredible club.
- 53:17Speaker 2: This is just such a ridiculous country we live in
- 53:19Speaker 2: at this point, we put before up on the screen.
- 53:21Speaker 2: Ryan is the first to report this, and then the
- 53:24Speaker 2: Pentagon actually confirmed it. They did some whole like presser
- 53:27Speaker 2: with Kid Rock, but he had this first.
- 53:29Speaker 4: He said.
- 53:29Speaker 2: Kid Rock flew to Fort Belvoir this morning on his
- 53:32Speaker 2: private jet, took joy ride on too Apache helicopters with
- 53:35Speaker 2: War Secretary Pete Hegseth.
- 53:37Speaker 4: A courting multiple Army sources. Patchies typically have two pilots.
- 53:40Speaker 2: They went up with one so the boys could each
- 53:42Speaker 2: ride Shotgun. I'm told Apache helicopters or not stationed at
- 53:46Speaker 2: Fort Belvoir, so unclear where they came from. Spokesperson at
- 53:49Speaker 2: the base referred questions to the Secretary's office. So we're
- 53:51Speaker 2: in the middle of a war and Hegseth, the Secretary
- 53:55Speaker 2: of War is spending his time taking Kid Rock on
- 53:59Speaker 2: joy rides in military assets. So that's that's kind of
- 54:03Speaker 2: the state of the country right now.
- 54:05Speaker 3: Yeah, it's almost like two it's like a skit.
- 54:10Speaker 1: It's like an SNL skit.
- 54:11Speaker 3: You know that they were hanging out with Kid Rock,
- 54:14Speaker 3: and Kid Rock even did a brief look whatever, all right,
- 54:17Speaker 3: I got nothing against Kid Rock.
- 54:18Speaker 1: I guess I like the Born Free song. That's about it.
- 54:22Speaker 3: But beyond you know, why is the Secretary of Defense
- 54:25Speaker 3: hanging out with Kid Rock and then giving him joy
- 54:28Speaker 3: rides on military helicopters and then letting him do like
- 54:32Speaker 3: a briefing or whatever with the troops.
- 54:34Speaker 1: Maybe the troops.
- 54:34Speaker 3: Wanted it, Okay, fine, but you know, just this is
- 54:37Speaker 3: where your attention is, dude. Really and remember, you know
- 54:40Speaker 3: we talked about his press conferences earlier. He actually gave
- 54:43Speaker 3: one on Friday, which is really important for the same
- 54:46Speaker 3: victory narrative. Member, this is the stuff that's going into
- 54:49Speaker 3: Trump's brain. Let's take a listen.
- 54:51Speaker 7: Operation Epic Fury has delivered a decisive military result in
- 54:55Speaker 7: just weeks Korea, Vietnam, Iraq, Afghanistan. As resident has pointed out,
- 55:01Speaker 7: all took years, decades, vague missions, shifting sands little to
- 55:08Speaker 7: show for it. Operation Epic Fury has been laser focused
- 55:12Speaker 7: from the very start. As I've said to all of you,
- 55:15Speaker 7: clear mission objectives, and ultimately Iran will not.
- 55:19Speaker 1: Have a nuclear weapon.
- 55:22Speaker 7: It's a bold and dangerous mission, a gift to the world.
- 55:26Speaker 7: The War Department stands ready for what comes next, locked
- 55:30Speaker 7: and loaded. May God continue to bless our warriors each
- 55:35Speaker 7: and every day and on each and every mission.
- 55:40Speaker 3: Okay, yeah, this is Korea and Vietnam. They were declaring
- 55:45Speaker 3: victory all in the middle. It's so ridiculous. There are
- 55:48Speaker 3: a few important things that we didn't want to flag.
- 55:50Speaker 3: Let's put the next one up here on the screen.
- 55:52Speaker 3: The House is now voting on Josh Gotttheimer's Iran War
- 55:55Speaker 3: Powers resolution, and the only Democrat, Jared Golden, to join
- 55:59Speaker 3: the Republican's feeding it is an original co sponsor now
- 56:02Speaker 3: of the Gottheimer resolution. So nine members had introduced that
- 56:06Speaker 3: new war Powers resolution actually on the Iran war, it
- 56:10Speaker 3: would still direct the US President to end US military
- 56:13Speaker 3: action against the Islamic Republic of Iran within thirty days.
- 56:17Speaker 3: So signs of some movement inside of Congress Crystal, but
- 56:20Speaker 3: still none of the requisite amount of pushback needed.
- 56:24Speaker 1: Yeah, I think it. And in the House.
- 56:26Speaker 2: This one is really interesting and kind of funny because
- 56:30Speaker 2: so when the original war Powers resolution push was being
- 56:33Speaker 2: made by Rocanna and Thomas Massey and others gottheimer and
- 56:37Speaker 2: Jared Golden and some others introduced this alternative war Powers
- 56:42Speaker 2: resolution to which had like, you know, a time frame
- 56:45Speaker 2: on it and was much weaker to undercut support for
- 56:49Speaker 2: the more fulsome war powers should be offered by Rocanna
- 56:53Speaker 2: and Thomas Massey. So now that original and that thing
- 56:57Speaker 2: had like, you know, a date set of like, okay,
- 57:00Speaker 2: what this is, you know the timeline, and here's how
- 57:02Speaker 2: we're going to vote on it, etc. And so now
- 57:03Speaker 2: that one is coming up. Jared Golden, who had originally
- 57:08Speaker 2: sponsored this war Powers resolution as a way to undercut
- 57:12Speaker 2: Rokanna's war Powers resolution, now he is in the position
- 57:16Speaker 2: of Okay, so you are originally co sponsor of this
- 57:19Speaker 2: thing when you thought that this was going to undercut
- 57:22Speaker 2: a vote on a war Powers resolution now that it
- 57:24Speaker 2: is actually coming up for a vote, what are you
- 57:27Speaker 2: going to do? And of course Julian with Dropsite News
- 57:31Speaker 2: caught up with Josh Gottheimer, who was another one who
- 57:34Speaker 2: obviously you know, spearheaded this original War Powers resolution and
- 57:37Speaker 2: asked him, Hey, did you talk to Jared Golden?
- 57:40Speaker 4: What's he going to do?
- 57:41Speaker 2: How's he going to vote? Which seems like kind of
- 57:44Speaker 2: the first thing you would want to know here in
- 57:46Speaker 2: terms of whether it will be successful or not. And
- 57:48Speaker 2: he's like, oh, I haven't talked to him.
- 57:49Speaker 4: I don't know.
- 57:49Speaker 2: So we'll see how all of this goes down, whether
- 57:52Speaker 2: Golden votes against his own War Powers resolution, because he
- 57:56Speaker 2: actually appears to be pro war. He's also retiring, so
- 58:00Speaker 2: doesn't really matter to him politically how he appears, or
- 58:03Speaker 2: you know, how much the base hates him appearing as
- 58:06Speaker 2: like a you know, a warmonger manger siding with the
- 58:10Speaker 2: Trump administration on their disastrous war. So we'll see how
- 58:13Speaker 2: this all goes. Maybe they'll find another rotating villain to
- 58:15Speaker 2: fill a nut spot to make sure that this one
- 58:18Speaker 2: fails as well, but right now the outcome is pretty uncertain,
- 58:21Speaker 2: so definitely something to watch