Latest / UK Column Radio / US Empire Is Breaking Apart — China and Iran Are Changing the World | Silk and Steel

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US Empire Is Breaking Apart — China and Iran Are Changing the World | Silk and Steel · UK Column Radio

0:00
Speaker 1: I want to hit that. In fact, I'm going to
0:02
Speaker 1: see if Carl wants to get down with that. I
0:05
Speaker 1: see him in the background. I'm gonna let him get
0:08
Speaker 1: himself straight, get his pruning done.
0:12
Speaker 2: Bring him on, and I am going to bring him on. Now,
0:18
Speaker 2: what's happening? Good?
0:24
Speaker 1: Just I am I'm moving slow this morning. In fact,
0:28
Speaker 1: in general, things difficulties. It didn't happen before. And when
0:36
Speaker 1: I was back in the States before, I can basically
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Speaker 1: do all of this stuff in like two hours, like
0:40
Speaker 1: five o'clock, be finished by six, and other legs and
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Speaker 1: everything else. And now it's like I can't see read aloud.
0:48
Speaker 1: Everything just long.
0:50
Speaker 3: But it's an age. It's age. I'm there with you, brother,
0:56
Speaker 3: I'm there with you. We are at the same age.
1:00
Speaker 3: I'm I'm going to be fifties this month, not this month,
1:03
Speaker 3: in two month, in two months, so I think I'm
1:05
Speaker 3: a little bit older than you.
1:07
Speaker 1: You're a year older. I'm going to be twenty nine.
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Speaker 4: Okay, yeah, you can call me big brother, big big
1:13
Speaker 4: brother Carl. Yeah.
1:15
Speaker 1: Yeah, Nobody told me that this is what getting old meant.
1:22
Speaker 1: Just to give my guess that as my as we
1:25
Speaker 1: used to say in chess when a person gets a queen.
1:27
Speaker 1: It was like put a head on or put a
1:28
Speaker 1: head on. Carl jap He's host of Silk and Steal
1:32
Speaker 1: podcasts focused on China's around the regions in their history, culture, politics.
1:36
Speaker 1: You can follow Carl on Twitter at Carl Jah. You
1:39
Speaker 1: can follow this podcast on Twitter at Steel Silk In,
1:43
Speaker 1: and subscribe and support his podcast on Patreon dot com
1:46
Speaker 1: slash Silk and Steal. Carl always wow at what you do.
1:51
Speaker 1: I mean, the audience may not know what I say
1:53
Speaker 1: it all the time, but just in case somebody's getting
1:56
Speaker 1: here for the first time. Carl goes through Chinese history.
2:01
Speaker 1: It's not year at a time. It's like it's it's
2:04
Speaker 1: not year here at time. It is a year right now.
2:08
Speaker 4: I go about year year by year.
2:10
Speaker 1: Yeah, five thousand years. You will have a job forever.
2:17
Speaker 1: You have a job for that's badass. By the way, yes, badass.
2:21
Speaker 1: But I'm glad that you could join me, Karl. There's
2:23
Speaker 1: a lot of stuff that's taking place. South Korea is
2:26
Speaker 1: an issue where South Korean president seems to be trying
2:28
Speaker 1: to move further away from the United States. Apparently a
2:32
Speaker 1: comment was made about the military about Trump and the
2:36
Speaker 1: military and South Korea President made the point of saying,
2:39
Speaker 1: we're building up a military capability with a kind of
2:43
Speaker 1: a hint hint to get to the point where we
2:45
Speaker 1: don't need you here. We will take care of our
2:48
Speaker 1: own military affairs. Okay, that's a big deal, especially with
2:52
Speaker 1: him overtures coming out of South Korea effectively saying wanting
2:56
Speaker 1: to make amends with North Korea in the Korean War.
3:02
Speaker 1: I'm curious from your point of view, do you think
3:04
Speaker 1: I mean, and this is momentous the audience being that
3:06
Speaker 1: realized this, the United States effectively controls the South Korean military.
3:10
Speaker 1: If the United States goes to war or if there's
3:12
Speaker 1: a war, the United States assumes control of the South
3:15
Speaker 1: Korean military and military operations. South Korea is not a
3:19
Speaker 1: sovereign nation, and the way that we think of the
3:21
Speaker 1: sovereign nation, I mean, first, do you agree with that?
3:24
Speaker 1: And two do you think that would come to pass?
3:28
Speaker 1: Like meaning, do you think that put it this way,
3:31
Speaker 1: do you think the United States will stand in the
3:33
Speaker 1: way of any kind of overture for South Korea to
3:35
Speaker 1: in the Korean War?
3:38
Speaker 3: Well, it's not in the US interest, or let's say
3:41
Speaker 3: it's not in the interest of the US Empire, or
3:46
Speaker 3: is there a Korean unification or a Chinese unification, because
3:50
Speaker 3: that leaves no room for the United States. You know,
3:53
Speaker 3: in fact, the whole latest dispute between South Korea and
3:58
Speaker 3: the United States are because Donald Trump was upset that
4:03
Speaker 3: South Korea did not offer help in the straight up moose, right,
4:08
Speaker 3: and the Trump says, well, okay, well, if you don't
4:11
Speaker 3: help us, we're not gonna help you. So I'm gonna
4:14
Speaker 3: call a pause to this US South Korean military exercise. Now,
4:19
Speaker 3: these joint exercises are important because, as you say, US
4:24
Speaker 3: will assume the joint command of Korean and US military
4:30
Speaker 3: in times of wars. So this is why they have
4:31
Speaker 3: to keep on practicing together to make sure there's interopera
4:35
Speaker 3: operability in times of wars. So the units will work together,
4:39
Speaker 3: equipment will work together.
4:42
Speaker 4: But Trump's like, no, actually, I have.
4:44
Speaker 3: Pretty good relationship with you know, like our relationship with
4:49
Speaker 3: North Korea is up above. So as a gesture of goodwill,
4:52
Speaker 3: I'm just gonna cancel this military exercise with South Korea.
4:56
Speaker 3: He thinks this is a punishment, right, he thinks his
4:59
Speaker 3: punishing South Korea by not participating. But what the South
5:03
Speaker 3: Korean president is saying, actually, you are the problem, right,
5:07
Speaker 3: we don't need you because I am proposing a peace
5:12
Speaker 3: deal with North Korea. So the Korean War, which lasted
5:16
Speaker 3: from nineteen fifty to nineteen fifty three, ended in a ceasefire.
5:21
Speaker 3: It ended up in armstice. Armstice is a ceasefire, it's
5:24
Speaker 3: not a peace treat So the South Korean president is
5:28
Speaker 3: proposing to conclude an actual peace treaty with North Korea
5:33
Speaker 3: to officially end the state of hostility that existed between
5:37
Speaker 3: the two koreas well. If that happens, you know, US
5:42
Speaker 3: marines can go home. That's that's what he's said. It's like, look,
5:47
Speaker 3: we look, we have we have enough capability to take
5:50
Speaker 3: care of ourselves.
5:51
Speaker 4: You know, we don't really need you guys. And this
5:54
Speaker 4: is where I you know.
5:55
Speaker 3: I'm pro this is where I'm pro Trump because Trump
5:59
Speaker 3: is this antally the US same fire unintentionally, and it
6:04
Speaker 3: does that very well. So you know, I Trump, he
6:10
Speaker 3: got my vote, and yeah.
6:13
Speaker 1: Just be clear, you're absolutely right that's what he's doing.
6:16
Speaker 1: A report came out talking about the United States military
6:19
Speaker 1: is thinking about pulling out of the Persian Gulf because
6:21
Speaker 1: it's completely susceptible to Iranian strikes. So that would mean
6:26
Speaker 1: that the last ship has left Asia. The USS drove
6:30
Speaker 1: forward George Washington in order to kind of all ass
6:34
Speaker 1: in order to replace Lincoln that is limping back home.
6:37
Speaker 1: So apparently correct if I'm wrong, there are no US
6:40
Speaker 1: aircraft carriers in Asia right.
6:42
Speaker 3: Now, that's correct. It turns out to pivot to Asia.
6:46
Speaker 3: It's not pivot to East Asia. It's pivot to West
6:49
Speaker 3: Asia because our going boy is throughout his health right, Like,
6:54
Speaker 3: this is a message to all the US allies, like, look,
6:57
Speaker 3: none of you matters to us. To Washington, the top
7:01
Speaker 3: parties are always gonna be the golden boy Israel.
7:05
Speaker 4: Everybody have to take a back seat.
7:07
Speaker 3: You know, South Korea, you know, along of the top
7:10
Speaker 3: ten economy of the world, fifty million people. We don't
7:13
Speaker 3: really care about you, but we need those fat in
7:16
Speaker 3: the South to defend Israel, you know, like the aircraft carriers.
7:20
Speaker 4: Yeah, we need that to defend Israel as well.
7:23
Speaker 3: Because back in the Persian Gulf, the people on Lincoln
7:27
Speaker 3: literally chumpionship.
7:28
Speaker 4: We literally have US sailor chumpionship.
7:32
Speaker 3: And this is not not all because as part of
7:36
Speaker 3: the George Washington's right group that was sailing to replace Lincoln.
7:40
Speaker 4: Right now, there's a US Arlely.
7:43
Speaker 3: Bird class missile destroyer that just lost power in the
7:47
Speaker 3: South China Sea for five days. Like they lost power,
7:52
Speaker 3: which means the toilet doesn't work, the a seed doesn't
7:55
Speaker 3: work while you are stuck in the swaltering heat of
8:00
Speaker 3: ap the coal South China Sea. I mean that's literally
8:03
Speaker 3: hell on Earth. I mean, like you imagine overflowing toilet
8:07
Speaker 3: no ac I mean, no wonder people are jumping ship.
8:11
Speaker 2: Uh.
8:11
Speaker 4: And this is a state of the US Navy.
8:14
Speaker 3: That Trump had planned to you know, to do a
8:17
Speaker 3: block eight on blockade and yeah, yeah, or come from China,
8:22
Speaker 3: right yeah, I'm sure China is quicking in their boots
8:26
Speaker 3: right now looking at.
8:27
Speaker 4: This awesome display of raw American power. So, I mean,
8:35
Speaker 4: like the US US like.
8:39
Speaker 3: A lot of I saw, you know, just on Twitter
8:42
Speaker 3: earlier today, some people are getting really pis mistake about
8:45
Speaker 3: you know, how US empire is is uh, you.
8:48
Speaker 4: Know, the hegemony is nowhere close to over.
8:51
Speaker 3: I'm like, oh, I'm sorry, I'm just a glass half
8:55
Speaker 3: pointy type of guy. And look at the state of
8:57
Speaker 3: US Navy, look at the the stated objective of United
9:02
Speaker 3: States now now they're they're going the Persian Gulf has
9:05
Speaker 3: been according to J. D. Bets, is to reopen the
9:09
Speaker 3: street or own mood, which was open before they started
9:12
Speaker 3: the war. And the second, uh a second goal is
9:16
Speaker 3: to get you around to denuclearize. Well guess what that
9:21
Speaker 3: There was actually a deal to do denuclearized yourund that
9:25
Speaker 3: got torn up by Trump during his first term. So
9:27
Speaker 3: we're basically uh yeah, yeah. The the US US Empire
9:32
Speaker 3: is experiencing I think its own Swiss Canal moment.
9:36
Speaker 1: Uh.
9:36
Speaker 3: You know, Swiss Canal crisis was when the British and
9:39
Speaker 3: the French they still thought they're still colonial empires. When
9:43
Speaker 3: Egypt said they want to nationalize Swiss Canal, they no, no, no,
9:46
Speaker 3: We're going to send troops to you know, to teach
9:49
Speaker 3: you natives a lesson. And then the Soviet Union the
9:53
Speaker 3: United States.
9:53
Speaker 4: Like, dude, what are you doing?
9:55
Speaker 1: Man?
9:56
Speaker 4: What? What what do you think you're doing? Man?
9:58
Speaker 3: We're not going to support you on this. And it
10:00
Speaker 3: turns out that UK and France they can't carry out
10:06
Speaker 3: a military operation without direct support of the United States,
10:10
Speaker 3: so they had to call it off because they turns
10:13
Speaker 3: out their paper Tiger that marked the beginning of an
10:16
Speaker 3: end for the British and French colonial empires. Now, right now,
10:21
Speaker 3: we're witnessing a beginning of an end of a US
10:25
Speaker 3: empire in West Asia. And the people in East Asia
10:29
Speaker 3: are taking notes. They're looking at what happened to the
10:32
Speaker 3: all the golf states that getting hammered because they hold
10:35
Speaker 3: you your US basis, and they realize, oh wow, if
10:39
Speaker 3: Ran can do that, imagine what China could do. Right,
10:43
Speaker 3: And so people like South you know, South Korea is
10:49
Speaker 3: already making their hedge. The Chinese foreign minister one he
10:54
Speaker 3: was recently in South Korea. You know, he's talking about
10:57
Speaker 3: China is the largest marked largest.
11:00
Speaker 4: Economy in the world.
11:02
Speaker 3: And South Korea has a benefit of being very close
11:06
Speaker 3: to China.
11:06
Speaker 4: And he quoted the Chinese.
11:08
Speaker 3: Poem uh jenu Street low Titian though you had the pavilion,
11:13
Speaker 3: that's closest, Uh closest, will.
11:16
Speaker 4: Get get the moon, get to get the light of
11:18
Speaker 4: the moon.
11:19
Speaker 3: Now he's you're talking about, you know, South Korean getting
11:22
Speaker 3: getting closer to China, and and Trump is helping. Trump
11:26
Speaker 3: is helping by pushing South Korea even closer. So yeah,
11:31
Speaker 3: go Trump, Go Trump.
11:32
Speaker 4: Good job.
11:36
Speaker 1: A few points. You know, US media always looks at
11:41
Speaker 1: the stuff through a US lens, and you know, there
11:44
Speaker 1: were reports coming out that would say, because Trump expended
11:49
Speaker 1: so many munitions against Iran, now he can't confront China.
11:54
Speaker 1: And it's like, dude, are you paying attention? He could
11:57
Speaker 1: have never confronted China, right, Like you have war fighters
12:03
Speaker 1: tweaking off testosterone, jumping off boats. This does that look like?
12:10
Speaker 1: You know, this military is very thin, right they the.
12:14
Speaker 3: One what one reason they're running out of missiles and
12:17
Speaker 3: missile interceptors is because China has cut off the rare
12:21
Speaker 3: earth supplies. You know, they spent years trying to find
12:24
Speaker 3: alternative rare earth supply chains to China. Well they still
12:28
Speaker 3: haven't find it. And the US manufacturing base was hollow
12:33
Speaker 3: out so much it's impacting the US military industrial conflict.
12:38
Speaker 3: You know, you know how much how many Tomhawk missiles
12:41
Speaker 3: and manufacturer each year in the United States?
12:44
Speaker 4: Jamar, you take a guess.
12:46
Speaker 1: I don't know the exact number, but it's not many.
12:48
Speaker 3: It's like fifty fifty the manufacturer fifty Tomhawk missiles one
12:55
Speaker 3: one year.
12:56
Speaker 4: I mean, like you think that like this that that that's.
13:00
Speaker 3: Gone in the like the first salvel of the war,
13:05
Speaker 3: especially if you're going going against a war in in China.
13:09
Speaker 3: There's no way US can replace this uh its ammunition
13:14
Speaker 3: and they can't even they can't even replace this ammunition
13:16
Speaker 3: in a five against Ira you know, looking about China,
13:20
Speaker 3: so so and besides, US military industrial complex still dependent
13:25
Speaker 3: on the Chinese supply chain, like Lucky Martin c CEO said,
13:30
Speaker 3: we can't really decouple. We can't really decouple from China.
13:34
Speaker 3: And also China also put the export control on tungsten,
13:39
Speaker 3: so that that's towngsten another important component to make armor
13:45
Speaker 3: pit piercing ammunitions. Well, I guess, I guess United States
13:49
Speaker 3: can always fall back on depleted Uranian because they never
13:52
Speaker 3: care about like radioactive damages to either to their soldiers
13:57
Speaker 3: or to civilians. But yeah, there's so so like not
14:01
Speaker 3: gonna happen. Man as a soul causes the fan, the
14:05
Speaker 3: confrontation with China is a fantasy.
14:07
Speaker 4: I think by now everybody should have realized.
14:10
Speaker 1: That, Yeah, you would think that there is nothing that
14:15
Speaker 1: gets across the capability of a particular military, the net
14:20
Speaker 1: military going to war against a country. It's been the
14:23
Speaker 1: three dollars, Oh, doesn't spend anywhere near three dollars. But
14:27
Speaker 1: it's an issue of geography, technical competence, all of that
14:30
Speaker 1: stuff and.
14:33
Speaker 3: Math, math and math, because because the whole math and
14:38
Speaker 3: physics of missout defense is you're trying to shoot down
14:42
Speaker 3: a bullet with a bullet, which means your bullet better
14:45
Speaker 3: be smarter than the bullet that's coming at you. And
14:52
Speaker 3: all URAN has to okay you, all URAN has to
14:54
Speaker 3: do is locates this station shared target, make sure they're
14:58
Speaker 3: miss out publistic still hit that target. When you're doing
15:02
Speaker 3: missile defense against the incoming Iranian missile rise, you have
15:07
Speaker 3: to figure out their missile trajectory, you have to figure
15:10
Speaker 3: out their speed, you have to figure out the exact
15:13
Speaker 3: moment you need to intercept it so it doesn't hit
15:16
Speaker 3: its target. So by this, by by by design your
15:21
Speaker 3: missile interceptor, it's going to be much much more expensive
15:25
Speaker 3: than miss out you're trying to intercept. Now, that might
15:28
Speaker 3: work against weaker opponent with a very limited missile stockpile,
15:32
Speaker 3: like in case of Afghanistan, Iraq. You know, countries without
15:36
Speaker 3: with no you know, air defense. But when you rung
15:40
Speaker 3: into a medium sized power and now I'm sorry a
15:44
Speaker 3: world power like you wrong, is that has tens of
15:48
Speaker 3: thousands of ballistic missiles. That's not a math or economic
15:52
Speaker 3: game you can't win because inherently you can to spend
15:57
Speaker 3: way more than you wrong, trying to shoot down every
16:00
Speaker 3: Rounian miss out and Jones and Jones has been cheaper,
16:03
Speaker 3: Like you know, they slap some motorcycle engine on a
16:07
Speaker 3: on a on a little model.
16:09
Speaker 4: Airplane and then then you know, it's like fifty thousand US.
16:15
Speaker 3: Dollars to produce and you're you're you're fired like a
16:18
Speaker 3: ten million dollars missile interceptor trying to shoot it out.
16:21
Speaker 4: So I mean that's the math doesn't compute.
16:24
Speaker 3: I mean US, like I said before, Like like I
16:28
Speaker 3: said before, US can print money, but they cannot print
16:31
Speaker 3: missiles or miss out internstructures.
16:34
Speaker 1: Yeah, real things are different than just fictitious money. And
16:39
Speaker 1: by the way, even if you're warnings a power like Russia, right,
16:43
Speaker 1: Russia have been sitting up like six seve hundred missiles
16:46
Speaker 1: drones that stuff for night your air defense is gonna
16:50
Speaker 1: get shredded. And that's yeah, the math doesn't work on
16:55
Speaker 1: this stuff. One of the other interesting things that took place,
16:59
Speaker 1: And by the way, I just I do want to
17:00
Speaker 1: emphasize before closing out this particular subject. It is a
17:04
Speaker 1: momentous change. I think I want to highlight the US
17:07
Speaker 1: Canal moment. The US goes with the idea of a
17:10
Speaker 1: war regression, the US gets stopped immediately, the bases and
17:14
Speaker 1: everything else get torched, and the US at that point
17:18
Speaker 1: falls back into a position of an economic basically an
17:22
Speaker 1: economic attack. But it needs to be made clear though
17:25
Speaker 1: it couldn't acomplish his original mission, what's happening now is
17:28
Speaker 1: a fall back position, one that I agree with you.
17:30
Speaker 1: As a US Canal moment, the.
17:35
Speaker 3: US has no military option because they try all the
17:38
Speaker 3: options as they started with an aerial campaign that didn't work,
17:42
Speaker 3: and then they try to do their blockade on blockade
17:45
Speaker 3: that didn't work. And that's why Trump had to sign
17:48
Speaker 3: the MoU the surrender document at vers Ill.
17:51
Speaker 4: But you know, for some reason he thought he saw,
17:54
Speaker 4: you know, I'm going to financal this. I know the
17:56
Speaker 4: art of deal.
17:58
Speaker 3: I'm going to prove pressure on them by by by
18:00
Speaker 3: by doing going back on the on the deal and
18:03
Speaker 3: tack them well guess what, And then then we would
18:05
Speaker 3: need to that tip for attack across the Persian Golf
18:09
Speaker 3: and you're wrong and US basis that did not work.
18:13
Speaker 3: So now the m O you grace period is over.
18:15
Speaker 3: We're back to blockade on blockade. But the problem is
18:19
Speaker 3: carrying out blockade block takes time. It's the time that
18:24
Speaker 3: US Navy does not have. As what I've seen, people
18:27
Speaker 3: are jumping ships. People are freaking jumping literally jumping ships
18:33
Speaker 3: because US even though on paper US Navy has eleven aircraft.
18:37
Speaker 4: Carriers, but in real life they can only.
18:40
Speaker 3: Deploy about four air craft carrier attack group at any
18:44
Speaker 3: single moment. This is why they have to take an
18:47
Speaker 3: aircraft carrier attack group from East Asia who could redeployed
18:51
Speaker 3: to Persian Golf to relieve Lincoln. It's it's uh, yeah,
18:56
Speaker 3: it's a this is this is the state of the
18:59
Speaker 3: US IMPCT. And somehow people still fantasize, how about US.
19:04
Speaker 4: Being the global agim I mean, it's.
19:06
Speaker 1: Going to war and they fantasized about the going to
19:08
Speaker 1: war with China even in the US right. One of
19:12
Speaker 1: the interesting things, let's say with South Korea for a bit, well,
19:14
Speaker 1: North Korean and South Korea Trump, as you mentioned in
19:18
Speaker 1: one of the tweets, saying yeah, I don't know, but
19:22
Speaker 1: you know, I'm going to scale down the joint exercises
19:24
Speaker 1: with South Korea because you know, I don't like the
19:27
Speaker 1: fact they didn't necessarily help me when I was going
19:29
Speaker 1: to Iran. I asked them and they told me to
19:32
Speaker 1: f off, and I don't like that.
19:34
Speaker 2: Oh.
19:34
Speaker 1: Also, you know, I'm friends with Kim Jong Moon. It's like, okay, buddy,
19:38
Speaker 1: calm down. The sister made the point of saying Donald
19:42
Speaker 1: Trump has no communications with us, effectively pointing out Trump
19:45
Speaker 1: is once again lying about communicating with the world leader
19:49
Speaker 1: or world power, and then later makes the point of
19:54
Speaker 1: threatening Japan, saying, if Japan gets out of line, to paraphrase,
19:59
Speaker 1: they will smashed. Okay, what is going on between North
20:03
Speaker 1: Korea Japan? Or is anything in Japan?
20:06
Speaker 4: Is it just me?
20:08
Speaker 3: There's there's something going on in Japan right because at
20:11
Speaker 3: the United States is uh getting wrecked? Uh there in
20:16
Speaker 3: persons golf uh and and United States is trying to
20:22
Speaker 3: upload some of the they're doing so called burden sharing
20:26
Speaker 3: of the of maintaining the US Empire to its allies.
20:29
Speaker 3: They did that, they're trying to do that in Europe
20:31
Speaker 3: as well, trying to push the European ally to take
20:34
Speaker 3: more of the burdens of of running the proxy war
20:37
Speaker 3: in Ukraine against Russia and in East Asia. They have
20:41
Speaker 3: been pushing Japan to take more responsibility, being the kind
20:46
Speaker 3: of the junior deputy of the United States, by encouraging
20:50
Speaker 3: military remilitarization of Japan. Now in Japan's case after World
20:55
Speaker 3: War Two, in the Peace Constitution that US essentially impost
21:00
Speaker 3: on Japan, there's articles, the famous Article nine of the
21:04
Speaker 3: Peace constitutions that Japan cannot have a military. What the
21:08
Speaker 3: best he can do is to have a self defense force.
21:11
Speaker 3: So now Japan has you know, a marine time self
21:15
Speaker 3: defense force and a land defense for the you know,
21:20
Speaker 3: but essentially that it's a Japanese Navy and Japanese army.
21:23
Speaker 3: They just don't call it such. But the right wing
21:30
Speaker 3: stegment of the Japanese Ruling Party ALDI well LDP itself
21:34
Speaker 3: is a right wing party. But even within the right
21:37
Speaker 3: wing party there's even the x extreme hard or right wing,
21:41
Speaker 3: and that that section of the party has been gaining
21:45
Speaker 3: power ever since, you know, more recent decades, first with
21:49
Speaker 3: Shinzo Abe and now with shinzo Abe's proto j the
21:53
Speaker 3: current Prime Minister Takaichi and their goal has always been
21:58
Speaker 3: scrapped our Code nine of the Peace Constitution because they
22:02
Speaker 3: feel like that's a shackle place on Japan that made
22:05
Speaker 3: Japan not a normal nation. They feel like for Japan
22:08
Speaker 3: to be a normal nation, it means needs to have
22:11
Speaker 3: a military for real. Like they don't call it self
22:13
Speaker 3: defense force, it's will have a military that can deploy.
22:16
Speaker 4: I will right now. The article says self defense Force
22:21
Speaker 4: cannot be used outside of the Japanese territory. It can
22:24
Speaker 4: only be used for Japan's defense.
22:27
Speaker 3: But Takaichi recently said, well, is something happening in Taiwan
22:31
Speaker 3: that is.
22:32
Speaker 4: The existential issue for Japan.
22:34
Speaker 3: This is why the self Defense Force must be involved.
22:38
Speaker 4: Right, I mean this is this is basically there. They
22:43
Speaker 4: realized they.
22:43
Speaker 3: Cannot outright took the Article nine of the Peace Constitution
22:48
Speaker 3: out because it's actually very popular with the Japanese population
22:51
Speaker 3: because they rightly believe it's the Peace Constitution by not
22:56
Speaker 3: investing a lot of resource into its military that enable
23:00
Speaker 3: Japan's post war posterity prosperity. That's why you know, the
23:05
Speaker 3: Peace Constitution itself is actually quite popular in Japan. So
23:09
Speaker 3: the politician what they try to do, Okay, if we
23:11
Speaker 3: cannot get rid of it, we will just try to
23:14
Speaker 3: reinterpret it.
23:15
Speaker 4: So their reinterpretation is.
23:17
Speaker 3: Well, the according to peace constitution, we can defend ourselves.
23:22
Speaker 3: Right if something happened in Japan, we have to defend
23:24
Speaker 3: ourselves because it's existential to Japan. And so Japan is
23:31
Speaker 3: right now remilitarizing. This is this is what the North
23:36
Speaker 3: Korean leader, King Jammu's sister is referring to, because they
23:42
Speaker 3: also saw opportunity. Opportunity is that United States before, rather
23:47
Speaker 3: than acting in a role of shackle in Japan's military power,
23:51
Speaker 3: right now, US is encouraging the remilitarization of Japan because
23:55
Speaker 3: US itself is like, as I say, the will is willing,
24:00
Speaker 3: but the flesh is weak, trying to impose its power
24:04
Speaker 3: over the world. So it needs help. It needs help,
24:07
Speaker 3: and then you think he gets you can get the
24:09
Speaker 3: help by encouraging Japan to remilitary rise and serve as
24:14
Speaker 3: US the junior deputy in the specific So the Japanese
24:18
Speaker 3: politician like taka Ishi, they saw a one single lifetime opportunity,
24:23
Speaker 3: you know, when the when, the when their master in
24:27
Speaker 3: Washington kind of left the boots a little bit from
24:30
Speaker 3: the neck of Japan, and so they will saw this
24:33
Speaker 3: is a chance for them to remilitary rise. Another another
24:37
Speaker 3: reason for them, it's domestic because Japanese economy, as you notice,
24:41
Speaker 3: is going through some really serious trouble. And and they're
24:47
Speaker 3: right now. You know, the Japan used to be world
24:51
Speaker 3: leading in many sectors, like semiconductors back in the nineteen eighties,
24:55
Speaker 3: but the United States didn't like that, you know, the
24:58
Speaker 3: imposed traff and then and eventually US imposed the Plaza
25:02
Speaker 3: Accord Japan that pretty much killed off Japanese semiconductor industry.
25:09
Speaker 3: And so now right now the only thing that Japan
25:12
Speaker 3: has is the pillar of the Japanese economy right now,
25:15
Speaker 3: it's automotive the industry, and that is under pressure from
25:19
Speaker 3: the Chinese evs because for whatever reason, the Japanese automakers
25:24
Speaker 3: they didn't.
25:24
Speaker 4: Believe in the EV so they.
25:26
Speaker 3: Continue their dominant try to they're trying to continue their
25:31
Speaker 3: way to you know, because they're the former dominance in
25:34
Speaker 3: the ice ice vehicles. So they got caught flat footed
25:38
Speaker 3: with rise in Chinese EV. So so there are auto
25:41
Speaker 3: industries under pressure all over the world, and so what
25:46
Speaker 3: can they do? And Takaichi's answer is whoa let's do
25:50
Speaker 3: military kinsiism. You know, that's what the United States has
25:52
Speaker 3: been doing for decade. Let's do military kinsnism. Let's you know,
25:56
Speaker 3: if we cannot make cars to sell to the world,
26:00
Speaker 3: we can make tanks.
26:02
Speaker 4: Right, We'll just take.
26:02
Speaker 3: All this productivity productive capacity of Japan. You know, we
26:08
Speaker 3: can't we can't make cars anymore, we can make make.
26:11
Speaker 4: Tanks, worship, et cetera.
26:14
Speaker 3: That's another area where the United States encouraging because US
26:18
Speaker 3: it self lacks ship building capability. You know, like I've
26:22
Speaker 3: mentioned many times before, China has two hundred and thirty
26:25
Speaker 3: times the ship building capability than the United States, and
26:29
Speaker 3: somehow US is fantasizing to have fight a naval battle
26:33
Speaker 3: with China in the Western Pacific. So they're encouraging Japan
26:36
Speaker 3: to take up the slack they already got around the
26:41
Speaker 3: Congressional build that forbids US from building worship in foreign
26:46
Speaker 3: countries by ritual fitting quote unquote ritual fitting upgrading warships
26:51
Speaker 3: in South Korean and Japanese shipyards, because you know, the
26:57
Speaker 3: US manufacturing base has sold hollow up that even the
27:01
Speaker 3: US military industrial complex again giving up on building America.
27:07
Speaker 3: Now they're try going to Japan and Korea for help
27:10
Speaker 3: to build US warships to fight China. So this is
27:13
Speaker 3: where this is where the Japanese politicians like Takahi saw, Okay,
27:17
Speaker 3: this is the opportunity. This is our opportunity to revitalize
27:20
Speaker 3: our economy by building weapon platforms, and then it will
27:24
Speaker 3: give us, you know, a real military power, which we
27:28
Speaker 3: hadn't had for a while because you know, US had
27:31
Speaker 3: their boots.
27:31
Speaker 4: On our neck.
27:32
Speaker 3: And so this is why both China and Korea had
27:36
Speaker 3: been worn in Japan. Abouts like China actually specifically point
27:42
Speaker 3: out the applause for ending the UN. I seen the
27:47
Speaker 3: UN charter right that because this was as part of
27:51
Speaker 3: the World War II settlement, that any defeated enemy nation
27:55
Speaker 3: of World War two that will try to try to
27:59
Speaker 3: re rewrite history, trying to remilitary rise, that the victors
28:04
Speaker 3: has a right to smack them. Don and uh, you know,
28:10
Speaker 3: there was some pretty shocking one that Chinese official pointed out,
28:14
Speaker 3: but I look it up.
28:14
Speaker 4: It's true. There's Germany.
28:19
Speaker 1: Russia pointed that out to Germany.
28:20
Speaker 4: Also, remember what's.
28:24
Speaker 1: In the UN charge you lost the war, we can
28:27
Speaker 1: hit you legally because you were remilitarized and you're making
28:31
Speaker 1: all of these pelical statements and everything else. Yeah, you're right,
28:34
Speaker 1: same thing applies to Japan.
28:37
Speaker 4: Yeah, yeah, which is.
28:39
Speaker 1: Wild because it's the United States that you point out
28:42
Speaker 1: that it's pushing Japan to do that. The United States
28:45
Speaker 1: fought Japan, beat Japan and impose this one, and so
28:51
Speaker 1: now it's pretty wild. But the US is like, hey, hey,
28:54
Speaker 1: I need you to help, you know, carry the burden.
28:58
Speaker 1: This just very well. I want to move to another story.
29:04
Speaker 1: I don't know if you know this, but today is
29:07
Speaker 1: apparently economic D Day. And I don't mean the US
29:11
Speaker 1: hitting forty trillion dollars. I don't mean Japan's yen falling
29:15
Speaker 1: off of a cliff where they're selling US treasuries by
29:18
Speaker 1: the billions. I make like forty billion or whatever the
29:19
Speaker 1: number is, but four billion in the US buying back
29:22
Speaker 1: its own treasuries in order to keep this price high. Now,
29:26
Speaker 1: I don't mean that. I mean Donald Trump is talking
29:29
Speaker 1: about economic D Day on Iran, so he pivoted to
29:32
Speaker 1: the blockade. The blockade isn't doing what he wants immediately,
29:35
Speaker 1: so now he's like, this is going to be economic
29:38
Speaker 1: D Day. These are going to be the worst sanctions
29:40
Speaker 1: in the history of sanctions that have ever taken place
29:43
Speaker 1: on any world in the history of world. I'm not
29:47
Speaker 1: going to read all this because it's it's like a
29:49
Speaker 1: page in a tweet. But he said, no one has
29:53
Speaker 1: given Islamic Republic of Iran greater opportunity to make a deal,
29:56
Speaker 1: and let me show it, just so people can see
29:58
Speaker 1: the sunfl this is. But I'm going to read it anyway,
30:02
Speaker 1: because as you point out, he's the president of the
30:06
Speaker 1: United States, and as you point out, he's your choice
30:08
Speaker 1: of everything that he's doing. Right, it's like he screws
30:14
Speaker 1: everything up and he gets the opposite effect every time
30:17
Speaker 1: he does something. So let's read it. He says, no
30:20
Speaker 1: one is given the Islamic Republic of Iran a great
30:22
Speaker 1: an opportunity to make a deal, then me tragically, and
30:27
Speaker 1: by the way, he doesn't write these, that's a very
30:30
Speaker 1: pretty woman that writes these tragically for them, they have
30:34
Speaker 1: failed to take it. Therefore, today I am announcing the
30:38
Speaker 1: most crushing economic operation ever taken against any country, just
30:44
Speaker 1: to point out, they're like a thousand sanctions on Iran
30:46
Speaker 1: already and their ports are blockaded. But okay, let's get go.
30:49
Speaker 1: It says this will be the economic warfare and isolation
30:52
Speaker 1: on an unprecedented scale. Their navy has gone, their air
30:55
Speaker 1: force has destroyed, the military facilities are now in rubble.
30:59
Speaker 4: Their current his work.
31:00
Speaker 1: Lives, and the country is hanging by a threat. Today,
31:03
Speaker 1: I'm announcing that any country that allows the financial institutions, businesses, uh,
31:10
Speaker 1: where's it? Where's where's businesses? Where's where's where's? Oh? Here
31:17
Speaker 1: we are. Any country, institution, businesses, airports, government entities to
31:23
Speaker 1: provide any type of lifeline to Iran itself will face
31:27
Speaker 1: quote tremendous economic consequence. Now, when people say this, and
31:35
Speaker 1: when Trump says stuff like this, I say to myself,
31:38
Speaker 1: that's adorable. That's adorable. So his expectation is that China,
31:46
Speaker 1: Russia and whatever other country is going to stop training
31:49
Speaker 1: with Iran because Donald Trump threatens them with sanctions like's.
31:54
Speaker 1: The first question is does China care that Donald Trump
31:58
Speaker 1: is tweeting that he is going to apparently put centis
32:01
Speaker 1: on China if indeed China continues to work with I.
32:05
Speaker 3: Run well, okay, So, first of all, us had been
32:10
Speaker 3: maintaining a sanction on you wrong for as long as
32:16
Speaker 3: almost as long as I have been alive. I was
32:18
Speaker 3: born in nineteen seventy six. US had been embargling Iran
32:22
Speaker 3: since nineteen seventy nine, the Islamic Revolution, Right, so as
32:28
Speaker 3: long as anybody can remember, US had sanctioned on you wrong.
32:33
Speaker 3: So I at this point there's a there's a diminished
32:39
Speaker 3: return of additional sanction on you wrong. You're wrong has
32:44
Speaker 3: been weathering economic pain for decades, right, And one of
32:49
Speaker 3: the reason they are they're right now still still standing
32:54
Speaker 3: because they have fine ways around. But one way is
32:58
Speaker 3: they have For example, China is by ninety percent of
33:01
Speaker 3: the Iranian oil exports, and so by Trump saying, oh,
33:06
Speaker 3: We're going to put secondary sanction on you guys, well,
33:10
Speaker 3: what's Trump gonna do? Scott Beston threatened to do sanction,
33:14
Speaker 3: put secondary sanction on Chinese major Chinese banks that's financing
33:19
Speaker 3: the purchase of running oil. That would be economic d day.
33:24
Speaker 3: I mean that, you know, like like Trump had repeatedly said, oh,
33:28
Speaker 3: I don't want to be Herbert Hoover that plungs the
33:30
Speaker 3: world into a into a world depression, or right now
33:35
Speaker 3: he's doing.
33:35
Speaker 4: A Herbert Hoover.
33:36
Speaker 3: I mean, imagine if he were to place secondary sanction
33:41
Speaker 3: on major Chinese banks, you know, before they already tried
33:46
Speaker 3: to place a sanction of Chinese refiners, the independent Chinese
33:50
Speaker 3: refiner called that called Teapot refiner that takes you running
33:54
Speaker 3: oil and process it. And at that time Chinese government
33:58
Speaker 3: position was very clear, nobody should comply with US sanction
34:03
Speaker 3: those Chinese refiners. If you do, you'll be on our
34:07
Speaker 3: black list, right and so so the and also those
34:12
Speaker 3: Chinese refiners there most of their businesses actually within China,
34:16
Speaker 3: you know, so there there, so you'll be other Chinese
34:19
Speaker 3: businesses that will have to bear the brunt of complying
34:23
Speaker 3: with US sanction of not doing business with another Chinese
34:28
Speaker 3: business with a Chinese refiner. Chinese comments like, no, no, no,
34:31
Speaker 3: there's no such extra territoriality of the US law here.
34:35
Speaker 4: You know, the US law is no good here.
34:37
Speaker 3: You know, you cannot enforce that against the other Chinese companies,
34:41
Speaker 3: and we order our Chinese company do not comply. So
34:45
Speaker 3: if US were to play secondary sanction on majure Chinese banks,
34:49
Speaker 3: that's financing the purchasing of you running oil. One reason
34:53
Speaker 3: Run was able to sell oil to China is because
34:56
Speaker 3: it's it's the buscos knowing R and B US Treasury
35:03
Speaker 3: Department cannot have access to that. This is what Scott
35:06
Speaker 3: Besson has been complaining about, you know before, when they
35:10
Speaker 3: temporarily left the sanction on your round, they say, oh,
35:13
Speaker 3: Scott's letting a travel as soon as the other people
35:17
Speaker 3: deposit US dollars. When you're running oil, we have visibility
35:22
Speaker 3: to where the bank accounty goes to and then we
35:24
Speaker 3: can freeze it, like you just announced that on public
35:28
Speaker 3: talent issuing. I'm pretty sure you around know your game.
35:31
Speaker 3: But the reason you're around Southern oil to China in
35:35
Speaker 3: R and B is so they don't have to deal
35:37
Speaker 3: with your bullshit and and so Scott Besson is trying
35:42
Speaker 3: to plug that LOOPO. It's like, you know what, then
35:45
Speaker 3: I'm going to go after the Chinese banks. Well, China
35:47
Speaker 3: just happened to be the world's largest trading nation as
35:51
Speaker 3: well as world's manufactureing superpower. If you get a sanction
35:57
Speaker 3: Chinese banks, this whole dollar denominated geminy financial system is
36:04
Speaker 3: gonna c all crashed down because that will be the
36:09
Speaker 3: economic armageddon, that will be the economic d Day, and
36:14
Speaker 3: Donald Trump will for sure be the Herbert Hoover. So
36:17
Speaker 3: China's approach right now is acting the like the adult
36:21
Speaker 3: that they're not immediately reacting when Donald Trump is just
36:25
Speaker 3: threatening to do something over a tweet, because he does
36:28
Speaker 3: that like every every twelve hours. So so China is
36:34
Speaker 3: way adopting way to see approach, to see what China
36:39
Speaker 3: what Trump actually do because China will push back. This
36:44
Speaker 3: is what China has stated many times before. They don't
36:48
Speaker 3: want a war, be it a real war or economic.
36:52
Speaker 3: China do not want a war before the war is
36:54
Speaker 3: brought upon them. We will fight you to the end.
36:58
Speaker 3: So Trump will are I be lost in terror for war?
37:02
Speaker 3: I mean, if he's going to start another economic war
37:04
Speaker 3: against China, I don't think it's going to turn out
37:06
Speaker 3: any differently this time. You know, like like this, just
37:10
Speaker 3: like Trump is trying all these things with you wrong
37:14
Speaker 3: with a straight or home moves. Nothing has changed. The
37:17
Speaker 3: power balance has not fundamentally shifted. So it's it's ridiculous
37:22
Speaker 3: to expect a different results the second time around.
37:26
Speaker 1: You would think that, Carl, Like when I saw this,
37:29
Speaker 1: I thought to myself, but you opened your administration with
37:32
Speaker 1: an economic war against China. You were putting like goofy
37:36
Speaker 1: two hundred and fifty per terraffs on China. None of
37:40
Speaker 1: it worked, you back down. They didn't, and so it's like, okay,
37:45
Speaker 1: so now he's still doing this. As if I have
37:49
Speaker 1: an idea, let's do, you know, tertiary sanctions or secondary sanctions.
37:54
Speaker 1: It's like, dude, you've done that. At least you've tried
37:59
Speaker 1: to do that. I mean, whether you're talking about a
38:01
Speaker 1: secondary sanction or direct sanction, they're the same thing if
38:06
Speaker 1: you're dealing with the same actor. Meaning if I end
38:08
Speaker 1: up having to deal with China, regardless of puting sanctions
38:10
Speaker 1: on China, that is not that different than you going
38:14
Speaker 1: after China in the first place, because you're ultimately going
38:16
Speaker 1: after China. When you're doing that, I mean, I would
38:19
Speaker 1: be curious on what India does, or what Russia does,
38:23
Speaker 1: or what anybody else does. But at this one, China
38:25
Speaker 1: has been pretty clear about we are not taking a
38:29
Speaker 1: back seat. So we'll see. I mean, as you point out,
38:33
Speaker 1: Trump puts out threats I don't know every four hours,
38:38
Speaker 1: and in the same way that none of these things
38:40
Speaker 1: have effectively worked against Ron and if I'm being honest,
38:43
Speaker 1: in the same way they haven't necessarily work against China.
38:45
Speaker 1: It seems like he's trying to combine the two.
38:49
Speaker 3: Desperate, desperate, Jamar, They're desperate. They're just throwing fecies on
38:54
Speaker 3: the wall right now, we'll see what sticks. I mean
38:56
Speaker 3: that because they don't want to admit defeat. If they
39:01
Speaker 3: end the war on your wrong's term has lay out
39:04
Speaker 3: our light in the MoU that would be admission of
39:08
Speaker 3: American defeat, a complete American surrender in West Asia, that's
39:14
Speaker 3: all be the crumbling of the US empire.
39:16
Speaker 4: They don't want that. They rather go down fighting. So
39:20
Speaker 4: this is what we have who we're stuck with right now.
39:23
Speaker 1: See, I don't even know what go down fighting means.
39:25
Speaker 1: I mean, what are they gonna do, just because the
39:28
Speaker 1: way it looks is this is just gonna go on.
39:33
Speaker 1: And definitely I don't know what that looks like, meaning
39:37
Speaker 1: either the US BAC's way, because Horan is not going anywhere, right,
39:40
Speaker 1: It's not like Iran is gonna pick them and leave. It's,
39:43
Speaker 1: if anything, it looks like it's the US military that's
39:45
Speaker 1: gonna do that. The economic blockade the dirty secret. And
39:50
Speaker 1: even in an article that you said were Scott best
39:54
Speaker 1: Scott Beston was threatening economic sanctions. Well, I mean the
39:59
Speaker 1: dirty part is in the title, right, This is not
40:03
Speaker 1: singularly one way. The fact of the matter is, as
40:06
Speaker 1: I am now back in the United States, I can
40:08
Speaker 1: point out the gas. It's like a four to fifty
40:11
Speaker 1: diesel is nearly at six dollars, and this doesn't necessarily
40:15
Speaker 1: look like it's going anywhere. So you can expect those
40:17
Speaker 1: numbers to tick up what the Trump administration has started
40:20
Speaker 1: to do. So there's a guy here Axios. I don't
40:23
Speaker 1: know if you read Axios. It's trash and oftentimes it's
40:27
Speaker 1: clearing out for whatever Israel or the United States wants
40:31
Speaker 1: to put out as chump through doesn't really matter. They
40:34
Speaker 1: put it out because they're trying to affect something. A
40:37
Speaker 1: CEOs put out a ludicrous story talking about the amount
40:41
Speaker 1: of oil that is apparently being snuck and smuggled through
40:45
Speaker 1: the straight or moose. This is nonsense. You can look
40:48
Speaker 1: at the shipping data, and the shipping data says that
40:50
Speaker 1: many of the ships that are going through, if they
40:52
Speaker 1: go through, are going through the Iranian side. Iran has
40:56
Speaker 1: been still bombing ships that have been trying to sneak
40:59
Speaker 1: through the money side. This is purely to manipulate the
41:02
Speaker 1: markets in order to try to keep the oil price. Look,
41:05
Speaker 1: this is how the US squeeze Run's economy with isolation
41:11
Speaker 1: and the risk involved. The article points out how the
41:16
Speaker 1: US may be able to try to do this, but
41:19
Speaker 1: it's not. We are stuck with the consequences of those actions,
41:23
Speaker 1: and we're stuck with the consequences of the straight being.
41:26
Speaker 3: Closed US right now weaker positions exactly, go ahead, Sorry, no, no, no, no.
41:37
Speaker 1: Look look, I was just saying that was gonna use
41:41
Speaker 1: the US can maintain this, I mean ultimate US. I
41:44
Speaker 1: understanding that.
41:46
Speaker 3: The US is at a much weaker position now than
41:50
Speaker 3: he was at the time before he started the war
41:53
Speaker 3: back in February. Because yes, right now, a lot of
41:57
Speaker 3: the buffer is gone, Like they're going down the strategic
42:01
Speaker 3: oil reserves like crazy. You know, US strategic oil reserve
42:08
Speaker 3: is about to be tapped out. So once that's gone,
42:12
Speaker 3: and that's what's keeping keeping the oil price from shooting
42:17
Speaker 3: to the moon right now, you know, Like right now,
42:19
Speaker 3: I think it's about eighty for West Texas Intermedia and
42:23
Speaker 3: eighty nine are around that much for the brint. Once
42:28
Speaker 3: that all the world strategic oil reserve are tapped out,
42:32
Speaker 3: that that price can very quickly go parabolic.
42:38
Speaker 4: You know, Like people keep on thinking Oh, but US
42:41
Speaker 4: has all these oil.
42:43
Speaker 3: Yeah, and because US export a lot of that oil,
42:49
Speaker 3: and because US refineries are not set up to process
42:57
Speaker 3: the oil that United States is self produced. This and
43:02
Speaker 3: so US export the oil that produces extract from shale
43:07
Speaker 3: and they import like heavy crew.
43:10
Speaker 4: From like Venezuela and the East.
43:14
Speaker 3: Because for because for the legacy refiners in the United States,
43:19
Speaker 3: by buying those cheaper heavy crude and processing susting them
43:23
Speaker 3: into gasoline and diesel, then make higher profit than if
43:27
Speaker 3: they will just refine higher price shale oil. So they
43:33
Speaker 3: take the shell oil and export them. So this is
43:36
Speaker 3: why the price in US will continue to go up.
43:39
Speaker 3: And then no matter how high the how much oil
43:44
Speaker 3: US oil production is, the oil company all they care
43:47
Speaker 3: about is profit. So if they can make up higher
43:50
Speaker 3: profit by selling them abroad export them, they will, so
43:54
Speaker 3: the US oil price will still go up. It's great
43:58
Speaker 3: for the oil companies, it sucks for for consumers in
44:02
Speaker 3: the United States.
44:04
Speaker 1: Well, I would argue there needs to be a consequence
44:08
Speaker 1: for bad behavior. If we're gonna go rummaging around the
44:11
Speaker 1: world murdering people, at the very least we could pay
44:13
Speaker 1: more at the pump. We'll see, it's I suppose we're
44:18
Speaker 1: gonna be talking about this for a while, because it
44:20
Speaker 1: doesn't necessarily seem like this is going anywhere anytime soon.
44:23
Speaker 1: I'm carled. Is there anything that I haven't asked about?
44:26
Speaker 1: A story that may be relevant that it may just
44:28
Speaker 1: not be aware of, And this would be the last
44:30
Speaker 1: thing if indeed there is, so I guess. I'm sorry, No, no,
44:39
Speaker 1: I'm saying I started asking I guess this all the
44:41
Speaker 1: time just because there may be things that I just
44:43
Speaker 1: don't know that I don't know.
44:44
Speaker 3: Oh yeah, I mean, I mean, at this point, I
44:47
Speaker 3: think we're gonna be We're gonna be in this work
44:52
Speaker 3: for the long haul. But in the meantime, you're gonna
44:56
Speaker 3: see China, Russia and other bricks country are building a alternatives.
45:03
Speaker 3: You know, Brazil. Brazil already announced they're going to borrow
45:07
Speaker 3: their debts in R and B rather than dollars because
45:11
Speaker 3: now the borrowing rate you borrowing Chinese yuan is much
45:16
Speaker 3: cheaper than they would borrow US dollars. So it makes
45:20
Speaker 3: total sense for you for any country, including Brazil, to
45:23
Speaker 3: do that. Because Scott besn't the currency manipulator, he knows
45:28
Speaker 3: all about currency manipulation. Because he used to work with
45:31
Speaker 3: your sorrows and he make it, made a killing by
45:35
Speaker 3: going a raid against the British palm back in the
45:38
Speaker 3: nineteen nineties. And he tried to do the same against
45:41
Speaker 3: the Hong Kong dollar again in the nineteen ninety eight
45:44
Speaker 3: Asian financial crisis, but he forgot that the Hong Kong
45:49
Speaker 3: just had a new landlord, that's China, and the Chinese
45:53
Speaker 3: Central Authority told Hong Kong Bank to defend Hong Kong
45:56
Speaker 3: dollar at all costs. So Scott Beston losses shirt in
46:01
Speaker 3: that bed. This is why he always have a grudge,
46:03
Speaker 3: a private grudge against China, by the way, and and
46:07
Speaker 3: so he right now, what Scott Weston is trying to do,
46:12
Speaker 3: He's trying to shore up the.
46:13
Speaker 5: US dollars right so, uh so, all the other other
46:18
Speaker 5: world liquidity are to continue to flow into the US
46:23
Speaker 5: stock market, which fuels the AI bubble.
46:26
Speaker 3: Real estate and and and trash US treasuries. But to
46:30
Speaker 3: do that, because US has been the US dead, as
46:33
Speaker 3: you noticed, ramp up to forty trillion, he had to
46:38
Speaker 3: make it attractive for investors to put their money in
46:42
Speaker 3: US uh U S dollars so that the interest rate
46:45
Speaker 3: needs to be kept. You need to keep at a
46:48
Speaker 3: certain level to to to make it profitable for for investors.
46:52
Speaker 3: This is why now Brazil finds out it's cheaper to
46:56
Speaker 3: borrow Chinese yuan than to borrow dollars. Uh, this is Burznel.
47:03
Speaker 3: Won't be the first nation to do this, by the way,
47:06
Speaker 3: and what would eventually what you're going to have is
47:12
Speaker 3: the slow crumbling of the US dollar system that has
47:16
Speaker 3: dominated the world finance for.
47:18
Speaker 4: Decades since World War Two, and the bricks country are
47:23
Speaker 4: already moving on. Yeah, that would be another big, big issue.
47:28
Speaker 1: Yeah, well, brigs countries have been openly talking about detailarization.
47:31
Speaker 1: I mean, Lula has been on fire about it recently.
47:34
Speaker 1: I mean even like China, I think, who need to
47:37
Speaker 1: make the point of saying the US contured ten three
47:40
Speaker 1: dollars out of thin air? Why are we using this currency?
47:43
Speaker 1: But why are we doing this?
47:45
Speaker 4: Right?
47:48
Speaker 1: Carl, you are playing text. I always enjoyed these conversations.
47:52
Speaker 1: I always enjoy your point of view, and I think
47:55
Speaker 1: the audience loves you and I appreciate you for joining
47:57
Speaker 1: me always. Silk and Steel podcasts focused on China, surrounding regions,
48:02
Speaker 1: their history, culture, in politics. You can follow Carol on
48:05
Speaker 1: Twitter at carals. Yeah. You can follow this podcasts on
48:08
Speaker 1: Twitter at Steel silk in, and you can subscribe to
48:12
Speaker 1: support the podcast on Patreon dot com Slash Silk and Steal.
48:16
Speaker 1: By the way, called what year are you on? So far?
48:19
Speaker 4: I'm on the year.
48:21
Speaker 3: I'm on the year two O five PC in the
48:24
Speaker 3: Chinese history, so I already cover a couple of thousand years,
48:27
Speaker 3: you know, I just have another couple of thousand years
48:29
Speaker 3: to go. Right now, I'm at the end, you know,
48:33
Speaker 3: at the collapse of Chin dynasty, so all the different
48:37
Speaker 3: rebel factions are fighting for control to establish the next dynasty.
48:42
Speaker 3: You know, I'm telling that story how Han Dynasty is
48:45
Speaker 3: going to emerge out of that kaah. So so it's
48:48
Speaker 3: going to take me probably another ten to fifteen episode
48:50
Speaker 3: to get to actual Han dynasty.
48:52
Speaker 4: But I'm right now.
48:53
Speaker 3: I'm talking about the transition period between the Chin Dynasty
48:56
Speaker 3: and the Han Dynasty and the war set that resulting
49:00
Speaker 3: from that.
49:00
Speaker 4: So yeah, warning period. It's a it's a good yarn.
49:02
Speaker 4: People should check it out.
49:04
Speaker 1: I would imagine this is going to be a fascinating
49:06
Speaker 1: section like the episodes in order to flesh this up.
49:10
Speaker 1: It's going to be Wow, that's gonna be amazing. Carl,
49:14
Speaker 1: thank you for this man to be safe. Okay, sure,
49:17
Speaker 1: thank you. Oh that is going to be fascinating. Like, look,
49:23
Speaker 1: when you get into like these warning periods, it becomes
49:25
Speaker 1: everything becomes more dramatic, right, it just becomes interesting. It's
49:28
Speaker 1: the foundational you could say history of China. Imagine being
49:35
Speaker 1: in US history or being in a Chinese history class
49:39
Speaker 1: and you have those sins of years. It's just amazing.
49:43
Speaker 1: It's hard to wrap your head around as an American