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The Iran War Is Bigger Than Iran: How Money, Oil & Power Led Us Here · Deadly Intentions

• 0:00
  We are 120 times stronger and yet we're in month 6 of what was
• 0:04
  supposed to be a four day, 96 hour air campaign.
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  If they control the straight, they can restrict the critical
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  flow of oil coming out of the straight.
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  It forces everyone to use the dollar as the world reserve
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  currency. You have no idea what's coming.
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  So, Pete, without further ado, let's let's get into this.
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  This is a topic that everybody knows about.
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  It's a topic that I wouldn't say consumes our life, but I think
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  it's a topic that no matter what news channel you watch, they
• 0:34
  have a spin on it, some different than others.
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  But here's the one thing. The news in my opinion, is just
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  giving us reports on a daily basis as to what's transpiring.
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  And that I, you know, the last couple days or where we're
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  potentially headed, nobody has even attempted in the places
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  that I gather my news to break it down the way you started
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  breaking it down for me and the way we're going to do today.
• 0:58
  Sure. Well, well, with respect to the
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  media, they don't look at scenarios systemically, and so
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  they're looking at every episode in isolation.
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  And it precludes people from being able to get a
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  understanding of what actually is taking place because the
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  circumstances are much more complex.
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  And in a complex system, you're going to have what's referred to
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  as emergent behaviors. So are they trying to just
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  simplify it because the average American doesn't have the
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  attention span to sit down and long form break it down like
• 1:35
  we're going to? Well, yeah, at some level, yes,
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  there is an effort to try to perhaps dumb things down a
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  little bit. I mean, as an aside, you have to
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  understand 50% of the people in the United States read with a
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  sixth level comprehension, 6th level, 6th grade level
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  comprehension. Really. 50%, Yeah.
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  Wow, I think I'm in that. Person and so do you have an
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  effort to obviously be able to boil it down to be disseminated
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  to a wider spectrum of individuals?
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  Also, quite frankly, a lot of people don't understand the way
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  the American economy is structured.
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  And if you don't understand the US sovereign debt market, you're
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  not going to be able to discern what exactly is taking place.
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  And for your audience, like this isn't me speaking now from
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  hindsight, because in January, there was another.
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  The Iranian operation is 1 of A4 front strategy that's currently
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  being being put in place by the American government.
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  In January, there was an earlier operation.
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  That's when they went and they knocked off the leader of
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  Venezuela. That was Was that the first
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  step? No.
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  No, that was the second one. But with respect to the
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  Venezuelan operation, that was a decapitation strike, the one in
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  Iran that was a decapitation strike.
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  These are removing the leader. Decapitation doesn't mean an
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  alive. Doesn't mean cutting her head
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  off. It means removing the leadership
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  so that we can install a sock puppet.
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  And so that operation worked in Venezuela.
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  It's failed in Iran. Everybody knows we invaded
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  Venezuela. Sure.
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  And Trump chalked it up to the leader was this big drug person
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  and they were bombing all these drug boats that were coming off
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  the coast and what have you, when realistically he didn't
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  have anything to do with that at all.
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  And he's also using that same template.
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  He's trying to, if I hear what you're saying, he's trying to
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  implement that very same political decapitation like you
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  said and and Iran. Just for the audience understand
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  like I went on a numerous like law enforcement and military
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  theme related podcast after the operation in Venezuela.
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  And I said then in January is especially what we're saying
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  now, like the actions by the US government, once you understand
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  the macroeconomic structure of the American economy, it's
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  predictable what they're doing. Which nobody does.
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  The only thing Americans understand is how much gas is
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  for. I mean, if I mean the average
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  guy with his 6th grade reading level only understands that my
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  gas is now almost 5 bucks a gallon.
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  And he doesn't understand the, like you said, the
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  macroeconomics of our country. I don't know that I understand
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  it. I don't know that very many
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  people do. And that's what the root of all
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  of this is. Yes, at its very core, the
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  United States government, our system is at a very fragile
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  point. And so not the Aegis, but when I
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  was growing up, one of my favorite movies was Star Wars.
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  Yeah. And the Empire built the Death
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  Star, and it was the most powerful weapon in the universe.
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  But there was 1 vulnerability that if you understand the
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  structure of that, in that particular case, the Death Star,
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  you could destroy it. Well, we have that same
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  vulnerability, and that's the sovereign debt market.
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  That's our Achilles heel. Are are so you're saying as a
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  country? As a country, we are.
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  Subject. The Solver, The Sovereign debt.
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  Yes. And most people probably
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  watching this Pete have no idea what that is.
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  That's why we are now in month 6 of what was supposed to be a
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  four day, 96 hour air campaign in Iran, because they have
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  threatened our economy by attacking the sovereign debt
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  market. And but the tool they're using
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  is the Strait of Hormuz. If they control the Strait, they
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  can restrict the critical flow of oil coming out of the
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  straight. Well, if you restrict the
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  straights oil now, you're going to undermine the American GDP.
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  You're going to cause mass inflation.
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  You're going to set up a whole series of negative consequences.
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  Cascades. Well, the same tool that Iran is
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  using today, and they've got three of them.
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  They haven't played the other two cards.
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  We'll discuss that in a little bit.
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  Really. Oh, yeah.
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  They're softballing still. Hold on.
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  So here we think and we're told, let me just see if I get this
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  right. Correct me if I'm wrong, but the
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  average American will just say me, the average dude that rolls
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  around here, we're thinking we got him down.
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  They're they're almost out. You know, they're, they're,
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  they're, they're, I think today Trump said that their inflation
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  was 3000% and they're just they're, they're, they're in
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  dire straits. They're almost done.
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  That's not the case. Well, that's true, but you're
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  evaluating metrics that are irrelevant.
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  See, the problem that we have, and at its core, this is a
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  fundamental problem that's been going on now for decades, is
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  that in the US, we perceive the best and the brightest being
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  guys that are generally men who advise the president, and they
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  have essentially the same pedigree.
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  Harvard MBA, Yale Law School, advanced degrees in public
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  policy from Stanford, from Georgetown.
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  These are all very intelligent men, high Iqs, highly educated.
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  They'll take all those men, take any of them, put them in a knife
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  fight in the back alley in Guadalajara.
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  That Yale Law degree doesn't mean a damn thing in a knife
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  fight. But when you find yourself in a
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  circumstance with the man, a functionally illiterate Mexican
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  who's been knife fighting since he was 14, you don't talk to the
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  guy with the Harvard NBA. He can't anticipate how that
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  man's going to react. It's just an entirely different
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  mindset. And so the problem that we find
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  ourselves in is that the president, and I'm not trying to
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  absolve Trump of any responsibility, he's the
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  president, He makes the call. But the quality of a leader's
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  decision making is influenced by the quality of the advice he
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  received. And if he's receiving advice
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  from individuals who are not competent to provide that
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  advice, then the decision is going to be flawed.
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  And we end up in a circumstance that we're in now.
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  We spend a trillion dollars a year on our military.
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  Iran spends 8 billion. They spend less than 1% on their
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  military, then we do. We are 120 times stronger.
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  And yet we're in month 6 of what was supposed to be a four day,
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  96 hour air campaign. Why?
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  Because our president. And again, while I'm not some
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  Republican and I'm not a Trump apologist, the fact that the
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  matter remains is he's our president.
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  I We can't afford to lose this war.
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  Regardless of who's. Who's in charge?
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  Our economy is destroyed, and it will be a catastrophe for the
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  United States on a magnitude we have never experienced before.
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  It will destroy our standard of living.
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  So hold on. If we lose.
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  If we lose, yes, it's going to catastrophically affect us more
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  than anything we've ever seen, more than the depression of the
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  30. It will launch a depression.
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  2024 was the first time in U.S. history that the amount of money
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  the government spent on national paying off the national on the
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  interest on the national debt exceeded the amount of money we
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  spent on the military. That was at the beginning of the
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  shit show. That is one of the contributing
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  factors because when the administration came into office
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  in January 25, they had a plan and these are the circumstances
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  they had to contend with. They had for the first time debt
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  service exceeding national military expenditures.
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  On top of that, you had eight to $10 trillion worth of debt that
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  had to be rolled over. Well, those five year bonds that
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  are getting rolled over when they were initially served, when
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  they were initially issued, interest rates back in the
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  middle of the pandemic were 0 or 0.5%.
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  It's very small. Well, now interest rates are at
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  4%. Well, you can't, we cannot
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  afford to issue long term bonds at a high interest rate when
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  your national debt is $40 trillion.
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  So we had to do several things at one time.
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  The US government issues bonds to pay for the services and the
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  operations of the US government. And so this year, for instance,
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  we're going to run a $2 trillion deficit.
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  The government is spending 7 trillion, but they're only
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  taking in 5 trillion in tax receipts, so they have to cover
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  that differential to those 2 trillion, so they have to issue
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  bonds. Those are the bonds they sell to
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  other. Countries, anybody?
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  There's a lot of domestic purchases, but a lot of foreign
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  purchases also. And so now the people that buy
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  our, so it's on our, it is in our interest to incentivize
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  other countries to buy our bonds because there's a lot of demand.
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  We're going to be able to have smaller interest rate.
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  So we're going to be able to export our inflation, get low
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  financing. We have our standard of living
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  because of dollar hegemony, because the dollar is the world
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  reserve currency. It's called dollar What?
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  Hegemony, dollar hegemony. Hegemony.
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  Yes, because it's a, we're a hegemonic power, you know, so.
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  That's what our whole economical.
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  It was up until 25. OK, hold on.
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  Well, we are still dollar hegemony.
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  What the up up until 25, it was liberal hegemony where we were
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  part of what we refer to as the rules based international order.
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  We created the rules, therefore it benefited us.
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  So we enforced the rules. We didn't enforce them against
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  ourselves, but we enforced the rules on everybody else.
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  And that pretense has gone away because for our system to work,
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  people have to buy our debt. Bonds.
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  Sure, our bonds. And so now you have.
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  So we are incentivized to encourage people to come to our
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  markets now, when we were the only game in town.
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  We can afford to be magnanimous. Pretend like we cared.
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  We cared about democracy. We cared about the the women in
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  Iran. We cared about the schoolgirls
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  going to school in Afghanistan. All bullshit.
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  Now that there is an alternative parallel financial architecture
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  being built by China and it's begun siphoning off the demand
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  for our bonds. We got a problem because the US
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  economy is essentially it has the characteristics of what is
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  effectively A Ponzi scheme and in a Ponzi and I did time with
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  guys that ran Ponzi's Ponzi will will collapse unless you
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  constantly have new money coming into the system you constantly
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  have that just the the economic activity is the core.
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  Well, the United States government needs all this money
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  to keep coming into which? Is the bond market.
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  Sure, because up from 1945 to 1971 after World War Two, we had
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  a system called Bretton Woods and that was the US dollar was
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  backed by gold. Right.
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  And then Nixon take us off the gold.
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  Standard and so for the for that time period initially the
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  dollars you've been to Las Vegas, haven't you Yeah OK well
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  I haven't been to Vegas in some time but back when we were
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  younger I used to go to Vegas quite a bit and if you wanted to
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  get casino chips you took your money took it to the cashier
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  dropped off 60 grand and they gave you 60 grand in chips Yep
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  well those chips are legal tender within that resort so if
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  you want to go leave the tables and go buy a suit at the Pachasa
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  Marino Versace store no problem they'll take.
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  It or you want to buy a cheeseburger if your.
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  Girlfriend talks into buying her a tennis bracelet.
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  The jewelry store will take their chips.
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  A Ferrari, they'll take the chips.
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  When you leave that casino, those chips are no longer
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  valuable. They're no longer legal tender.
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  And so you have to go back to the cashier, give them the
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  chips, get back your money. Well, in in the American system,
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  the dollars were the equivalent of the chips.
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  The money was the gold because you can take your money, turn it
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  in for gold. And so we persuaded the world to
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  say, hey, look, we're going to hold the gold and we're going to
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  print the money. We're going to issue the chips.
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  But each of those chips, each of our dollars are going to be
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  backed by gold, and you can turn them in and claim your gold.
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  That's why the dollar was good as gold.
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  I never knew of that. Expression, yes.
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  And so now for the first two decades, nobody called the
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  sonnets. Remember, in the aftermath of
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  World War 2, Europe was destroyed.
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  They needed American financing, American construction companies,
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  and quite frankly, they had the threat of the Soviets coming in.
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  They were operating under a defense architecture created by
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  the United States. And so for the first decade, we
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  were printing money back by gold.
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  About the 40s, fifties into the 60s, things went off the rail
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  with the Vietnam War. And so the US government started
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  printing money that we didn't have the gold to back it.
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  Now, so long as nobody's asked for an audit, you can run this
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  racket. And so it wasn't until I believe
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  it was 1968, and it was the French.
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  We were the ones who called bullshit.
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  Really. Because they're like, you know,
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  you guys are printing an awful lot of money.
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  We don't think you've got enough gold.
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  So in 68. Some late 60s France, France
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  said. You know what?
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  Let us let us audit the gold. And what gave them standing to
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  even, I guess they? Remember their dollars?
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  Oh, that's right, they're buying bonds.
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  Their dollars plus the all their their investment in our bond
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  market is supposed to be backed by the collateral.
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  They're simply saying let's just make sure the collateral is
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  there if. We're going to buy X amount of
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  dollars of US bonds. We're going to know that you
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  have, you're already holding X amount of dollars.
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  You're making these claims. It's not that we don't trust
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  you, it's just we want to verify.
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  Like if you told me there's a couple 100 grand and you're safe
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  and I give you an IOU and I agree to an IOU from you, well,
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  it's based on your representations.
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  The money's in the safe. Well, we can keep doing these
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  transactions and I can keep taking IOU's, but at some point
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  I'm going to say, hey, let's go count the money.
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  And someday you're going to say, Bubba, I need to look at that.
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  I need to seed size. Let's just go make sure
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  everything's on the up and up, and if you don't let me look in
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  the safe, what am I supposed to think?
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  You don't got the money. Exactly.
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  You're not going to think good. Exactly.
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  So that's a. And if I had, if I I didn't have
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  anything and if I didn't have anything to hide, I'd be like
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  Pete here, let me show you well. We've had this conversation, you
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  know, remember during the campaign, Mr. Trump said
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  repeatedly. As soon as I get into offers,
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  we're going to audit the gold held by the United States
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  government. Well, yeah, the Fort Knox he was
• 16:30
  going. To audit.
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  We haven't had the audit yet. You'll understand why it this is
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  becomes an issue actually, OK, because you've got the Bretton
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  Woods system. The French call bullshit said.
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  Hey, let us go audit the gold. Uncle Sam, of course, says no,
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  no, no, no, no you and order the gold.
• 16:47
  Take our word for it. And they're like, no, better
• 16:51
  yet, you know what? Why don't you just take back
• 16:53
  your dollars and give us the gold?
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  And so now of course. They're.
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  Like, you know, of course we Blake out the old Mona me.
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  We're friends. We helped you.
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  And they're like, yeah, we appreciate what you did in World
• 17:05
  War 2. And we, we did a great job and
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  we love you guys. We bailed you out.
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  We won our gold. When Hitler was up your ass, we
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  came and helped you. We probably used all that,
• 17:13
  right? Yeah.
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  So then they we had no now at that point we're the bank or
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  we're the casino if we don't honor the chips.
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  That'd be like you having 10,000 of chips.
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  You go to the cage. And you don't have the money.
• 17:25
  So what happens at that point? You're.
• 17:27
  Going to have a Stampede. Everybody's going to run to get
• 17:29
  their money. And so the French said, you know
• 17:32
  what, we'll take our money. We had to give them the money.
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  But that is what set in motion a chain of events that culminated
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  3 years later or four years later with Nixon.
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  Because once they pulled their money, other countries were
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  like, hey, what's going on? What do they know that we don't
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  know? So when Nixon took us off the
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  gold standard in 72. Yes, August of 71 and he
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  temporarily closed, right? So in 55 years it's still
• 17:55
  temporarily closed? Why wasn't there a mad Stampede?
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  They didn't have enough gold to cover all of the dollars they
• 18:02
  had printed. Yes, Uncle Sam was running a
• 18:04
  massive counterfeiting operation, essentially OR.
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  A Ponzi scheme, as you would say.
• 18:08
  This wasn't a Ponzi, this was just straight counterfeiting
• 18:10
  because they have X number of gold and they're just printing
• 18:12
  extra dollars. Yeah.
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  So at the end of the day, those golds are those dollars are not
• 18:16
  bought back by anything. Other than the promise that the
• 18:19
  US government is going to extract that money from the
• 18:23
  American taxpayers. But the basis of it, the system
• 18:26
  was that it was backed by gold. There wasn't enough gold.
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  We got caught printing money. Essentially, what we did is
• 18:30
  defaulted. The government doesn't like to
• 18:33
  admit that we defaulted, but we defaulted on our debt.
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  So since August of 71, when Nixon took us off the gold
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  standard, basically, we've not been compliant since.
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  That's why when other countries say, well, you know, the US is
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  complaining, you're not following the rules.
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  Like, hey, you defaulted, we'll follow the rules.
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  When you go back to gold, then we can cut our gold from 71.
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  You got off the gold standard. The Nixon administration came up
• 18:57
  with two very clever solutions to salvage the situation with
• 19:05
  respect to the dollar. We had to make the dollar the
• 19:11
  currency that all countries use. And it can't simply be because
• 19:15
  we're promising to pay you back 'cause we've just gotten caught
• 19:19
  running a massive counterfeiting operation.
• 19:21
  And we had defaulted on the debt because we owed everybody that
• 19:24
  had our dollars gold, and we didn't have the gold to cover.
• 19:28
  So at that point, our credibility was kind of shot.
• 19:30
  If you go bankrupt, you're not going to go to bank the next
• 19:32
  week and get a loan. They're like, hey, hey, pal.
• 19:35
  Yeah, you're going to. You got longer.
• 19:36
  Yeah. So we were in a in a, in
• 19:40
  essentially a jackpot because we'd gotten caught and we didn't
• 19:44
  have a reason for countries that weren't our vassals.
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  You know, Western Europe were essentially vassal states.
• 19:52
  But other countries didn't have to play ball.
• 19:55
  And they had an alternative. They've got countries that were
• 19:57
  neutral. And you had the Cold War going
• 19:59
  on. You had the Soviet empire at the
• 20:00
  time. And so to persuade all countries
• 20:04
  to. Stay with our dollar.
• 20:05
  Since it was no longer good as gold.
• 20:07
  We went and we talked to our allies in the Middle East and
• 20:13
  said, look, if you guys agree to price all your oil and
• 20:17
  commodities in dollars, we will protect you.
• 20:22
  Remember, these are all dictatorships.
• 20:24
  We call them sheiks. We call them, you know, the, the
• 20:28
  tribal leader or whatever the Shah like our two big this is
• 20:33
  what became known as the Petro dollar.
• 20:36
  And so now if oil is priced in dollars, oil is a critical input
• 20:42
  that every country needs. So we went to our big ally in
• 20:46
  the Middle East, Iran, because Iran was our ally.
• 20:49
  Remember in 1953, the United States government, working with
• 20:52
  the British, toppled democratically elected leader in
• 20:54
  Iran. See, we like democracy as long
• 20:56
  as our our guy wins. So when you say, like you hear
• 20:59
  people with the administration say we've been at war with Iran
• 21:01
  since for 47 years, No, they're like, no, no, you started this
• 21:05
  in 53 when you knocked off our president and put in your
• 21:08
  dictator, right, your sock puppet, the Shah.
• 21:11
  In 1979. It was the Iranian people
• 21:14
  kicking out the American dictator.
• 21:16
  And then we had to bring the shawl over here on some
• 21:18
  emergency surgery. Gimmick, right?
• 21:20
  That was the he was. He was going.
• 21:23
  To get he was going to get he needed treated, he needed
• 21:25
  treatment. And that's when they were
• 21:26
  saying, hey, return him to us, we're going to prosecute him.
• 21:30
  We didn't want to do it. Then they took our hostage
• 21:32
  before that back in 73 as long when we had our sock puppet he
• 21:35
  along with the leadership in Saudi Arabia.
• 21:37
  You've been there since we put him in place in 53.
• 21:39
  So then at this point we had our two sock puppets.
• 21:42
  Essentially, they agreed they're going to price oil only in
• 21:46
  dollars. So suddenly you were able to
• 21:48
  have a structural anchor, a dollar had substance oil.
• 21:53
  Yeah, almost backed by oil. More so than gold it.
• 21:56
  Is backed by oil. Now, the reason why it's
• 21:58
  important is because every country has to buy oil.
• 22:02
  That meant every country had to have dollars.
• 22:08
  And so when you have dollars, you can do one of two things.
• 22:11
  You can put them under your mattress, right?
• 22:15
  Or you can buy into American capital markets.
• 22:19
  You can invest. Into that buy American
• 22:21
  Treasuries, or you can put your money into our capital markets,
• 22:24
  ESP. Dow, NASDAQ don't matter.
• 22:27
  But you're doing it in American dollar.
• 22:30
  You're doing it in American dollar and you're investing that
• 22:32
  money. It's called recycling.
• 22:33
  So you're taking these money, that money, and you're putting
• 22:35
  it into the American capital system.
• 22:37
  So that gives us a tremendous amount of power because we
• 22:39
  control the plumbing. See, the treasuries are
• 22:42
  essentially a Ledger. So when South Africa wants to
• 22:44
  buy oil from Saudi Arabia, it comes from New York because
• 22:50
  South Africa has the money in U.S.
• 22:51
  Treasuries and they'll say, hey, we need to transfer 200 million
• 22:54
  of ours to the Saudi Arabia. Well, there's that's just a big
• 22:56
  Ledger in New York. So we control the plumbing.
• 23:00
  You're able to tax everybody, take a little piece of vig get.
• 23:02
  A little vig. Get a little bit of vig on the
• 23:04
  action, but more importantly, you're going to force everybody
• 23:07
  to use dollars. This is where the feds like
• 23:09
  Which? Strengthens the US dollar, which
• 23:11
  now the dollar is backed. It forces everyone to use the
• 23:14
  dollar as the world reserve currency.
• 23:17
  And now to make sure that they take those dollars and not in
• 23:20
  put them under the mattress, the Fed and the US government
• 23:23
  deliberately introduce inflation because by inflating the
• 23:28
  currency, the money that's being held in Nigeria or South Africa
• 23:33
  or in Brazil, those dollars are going to lose purchasing power.
• 23:37
  So if you have and the target is 2%.
• 23:40
  Is that what the US target is? Target is, Yeah.
• 23:42
  Is that when everything's running smoothly?
• 23:43
  Is. Sure.
• 23:44
  Yeah. We haven't hit that number in
• 23:46
  years. Yeah, when?
• 23:47
  When was the last time? It's been, it's been years.
• 23:50
  You say years to me. I'm talking at least 5 or 6
• 23:53
  years, OK. And they've essentially just
• 23:56
  given up. What do we have currently?
• 23:59
  Right, well over 3. Well over 3.
• 24:02
  The Sweet Spots 2. Two, that because with the this
• 24:05
  is what they call price stability.
• 24:07
  So if you have 2% inflation every year that the countries
• 24:10
  that are holding the money are losing 2% of purchasing power
• 24:14
  every year. So now they're saying, you know
• 24:16
  what, well, I'm just my money sitting under the safe or under
• 24:18
  the mattress is going to lose value.
• 24:20
  Let's just go buy American bonds because we're going to get 4%
• 24:22
  from the Americans. That'll offset the 2% inflation
• 24:26
  and you're making a little bit of money.
• 24:27
  We're still up, too. Because of the oil, they're
• 24:29
  forced to hold dollars, and because of the inflation,
• 24:31
  they're incentivized to put the money into our markets.
• 24:35
  See, people have no idea how the shell game runs.
• 24:38
  Yeah, I mean, maybe some, maybe some people do, but I didn't.
• 24:41
  It's a beautiful racket. It is.
• 24:44
  It's a, it's a straight racket. Yeah, yeah, it's, it's the.
• 24:46
  And they're all in on it, aren't they, Pete?
• 24:48
  I mean, everyone, every president has to be.
• 24:50
  I mean, whether you're Republican or Democrat, you've.
• 24:52
  Got to play that game, the basis of American power.
• 24:54
  This is the basis of our existence.
• 24:55
  This is the basis of our power because now we can control the
• 25:01
  flow of the money. We can put sanctions on
• 25:03
  countries, we can confiscate their assets.
• 25:07
  We confiscated Iran's assets, we confiscated Venezuela's assets,
• 25:10
  we confiscated Russia's assets because we're holding all the
• 25:13
  money. So you now have power and
• 25:18
  insight into everyone's business because you know where all the
• 25:21
  money's going because you have the books.
• 25:23
  So it's just. You're like you said, you're the
• 25:25
  Ledger. You're the Ledger.
• 25:27
  That was the solution that Nixon came up with back in with oil
• 25:30
  after we got off the gold standard and create this
• 25:33
  mechanism where everybody's incentivized to put the money in
• 25:35
  bonds. Long as there's no competition,
• 25:39
  we're good. They have no alternative but to
• 25:43
  take their money and put in the American capital markets.
• 25:48
  Now, from 1973 to today, from 1973 up until where things
• 25:57
  started going off the rails, was Mr. Obama.
• 26:00
  But the other important part of it is not only did they come up
• 26:03
  with this Petro dollar scheme, but the Nixon administration
• 26:06
  also had their famous move where they opened up their
• 26:08
  relationships with China. That's right, Nixon was.
• 26:13
  The one who went to China. When the the one of the few at
• 26:15
  that time 1st to go to to go to China. 1st that's what
• 26:18
  established the relationship with China and we ultimately
• 26:21
  kicked the Chinese that are living in Taiwan to the curb and
• 26:25
  formalized the relationship with the Chinese living in Beijing.
• 26:28
  They viewed China as the manufacturing hub of the world.
• 26:33
  You had in a poor country with a lot of workers, a.
• 26:36
  Lot of Labor. Because when you're the United
• 26:39
  States and you're the world reserve currency, our biggest
• 26:41
  export is dollars. We have to have a reason to
• 26:44
  supply everybody with dollars because they have to use our
• 26:47
  dollars. We're just not going to send
• 26:49
  money to South Africa or Nigeria or Brazil or Norway.
• 26:53
  So we have an extraordinary privilege in that we print
• 26:57
  money, our paper, our casino chips and other people give us
• 27:02
  real stuff. For our paper, For our
• 27:06
  worthless. Paper and so we're doing
• 27:09
  business with OK, what do you have?
• 27:11
  Brazil, OK, we're going to buy this, this, this, this.
• 27:14
  Take our paper. South Africa, take our paper.
• 27:17
  Well, if you're going to have the world reserve currency, you
• 27:20
  can't be the world largest manufacturing company.
• 27:24
  You have country, you have to move that offshore.
• 27:26
  Because you have to have something to spend to.
• 27:28
  Spend our papers on. You have to have some.
• 27:31
  Yeah, you have to have something to show for your paper, a
• 27:34
  tangible product. Because now we're going to
• 27:37
  profit, we're going to benefit. What do you have?
• 27:38
  You have natural resources, OK. We'll trade our paper for your
• 27:40
  natural resources or for our manufacturing goods?
• 27:44
  For your manufacturing goods. For our paper.
• 27:45
  We'll sell you services. We'll handle the banking.
• 27:48
  We'll handle the legal. We'll handle the accounting.
• 27:50
  You guys make the T-shirts. You guys make the shoes.
• 27:52
  You guys make the laptops in the.
• 27:53
  Cars. Well.
• 27:54
  What started out as a great idea in the 70s is kind of gone off
• 27:57
  the rails now. Well, the it's going off the
• 28:00
  rails now, the stronger China. Yeah, because they moved up the
• 28:04
  value chain. It now, Pete, would it be safe
• 28:07
  to say to get off a little bit of the of the beaten path?
• 28:09
  Would it be safe to say that China did it right and we fucked
• 28:14
  it up with regards to who is really in the driver's seat and
• 28:20
  our financial instability? And just like you said, we're on
• 28:25
  the verge of of it collapsing. It's just a profound
• 28:28
  miscalculation. It's not that somebody was right
• 28:32
  or someone was wrong. It's the system worked the way
• 28:34
  it was supposed to work. Unfortunately, they didn't
• 28:39
  anticipate the fragile nature of the system as it grew and grew
• 28:46
  and grew. Part of the problem that we have
• 28:47
  with respect to Iran is, again, going back to the presidential
• 28:49
  advisors. You heard men saying they're
• 28:52
  making a calculation that they wouldn't dare do something
• 28:56
  because we're so big or we're so strong.
• 28:58
  They wouldn't retaliate. They wouldn't attack our bases
• 29:00
  in the Gulf. They wouldn't attack our allies.
• 29:07
  They wouldn't dare take the Strait of Hormuz.
• 29:10
  Well, this is an X. They're in a fight for their
• 29:12
  life. That's an existential
• 29:14
  circumstance. You put them with their back up
• 29:18
  against the wall. So when you put your adversary,
• 29:21
  who's in an existential conflict with their back up against the
• 29:24
  wall, they have nothing left to lose.
• 29:27
  And what you said earlier amazes me.
• 29:29
  Maybe we'll get down that path right now or not.
• 29:31
  But you you said they have like 3.
• 29:34
  It's a 3 part series. Oh yeah, they're.
• 29:36
  Only they've only lost one. Part of the miscalculation is
• 29:39
  our advisors. And again, not trying to absolve
• 29:42
  Trump, but I don't believe for a moment, and there's been no
• 29:45
  reporting other than JD Vance said don't do it.
• 29:48
  He's the only one who said flat out do not do this.
• 29:51
  Well, I, I didn't know that, yes.
• 29:53
  So JD Vance went on record and said do not.
• 29:55
  Do not do. That we did.
• 29:57
  Yes, it's, you know, behind closed doors, but it's been
• 29:59
  reported heavily and most recently in a famous book.
• 30:01
  Real Sure, JD Vance is the only one with the lick of sense with
• 30:04
  respect to this situation, these type of situations.
• 30:08
  If it's a debate about monetary policy at the Fed, listen to the
• 30:10
  guy with an economics degree from Harvard.
• 30:13
  Or if you need to have the proper interpretation of the
• 30:15
  equal protection clause at a 14th Amendment, listen to the
• 30:17
  guy with a Yale law degree knife fighting in the back alley in
• 30:20
  Guadalajara. Don't listen to those men, not
• 30:23
  those guys. The problem we have is men of
• 30:25
  that nature, they believe that strength and size, reputation
• 30:32
  and power or reputation intimidate other men.
• 30:36
  But what they're doing is they're projecting their
• 30:38
  insecurities and their weakness because men, particularly men
• 30:43
  with balls, they don't give a shit how what your size is.
• 30:47
  And so our problem is we have people advising our president
• 30:51
  that they wouldn't dare do this, that or the other, not realizing
• 30:55
  it's an existential conflict with an adversary who has
• 31:00
  nothing left to lose. And here in the United States,
• 31:04
  we have what is perceived as the best and the brightest being IE
• 31:08
  Yale Law, Harvard MBA, the men surrounding our president today,
• 31:12
  and every other president going back decades.
• 31:15
  All the cabinet members. Iran, like China, are
• 31:20
  engineering societies. We think Iran is crazy mullahs
• 31:25
  and, you know, crazy Muslims doing whatever the hell they're
• 31:27
  doing. No, they produce engineers.
• 31:31
  China produces engineers. China produces in one year more
• 31:35
  engineers than the United States produces in over a decade.
• 31:39
  Hold on. So in one year, China produces
• 31:42
  more engineers than we do in 10. In over 10.
• 31:46
  Wow. Their president, Xi Jinping,
• 31:49
  he's an engineer. 80% of the Politburo are engineers.
• 31:54
  Engineers do not think in legalistic terms.
• 32:01
  Our leaders are being advised by men who are essentially
• 32:05
  reductionist, which are lawyers. They're going to simplify things
• 32:09
  to get a grab understanding of the facts and then they confuse
• 32:13
  things. When the company gets caught
• 32:16
  dumping toxic chemicals into the local river, the attorney
• 32:20
  representing them doesn't go into court and tell the truth.
• 32:22
  He's got a camouflage. He's got to create smoke
• 32:24
  screens. He's got to distract.
• 32:25
  He's a musician. Look over here.
• 32:26
  Don't look over here. And.
• 32:29
  That's what lawyers. Do What do lawyers do when the
• 32:31
  congressman gets caught in a hotel room with the, you know,
• 32:33
  duffel bag of cash, some hookers and a blow and some blow?
• 32:36
  He goes to rehab. He know he goes to the attorney
• 32:38
  and the attorney he's like, oh, no, pay attention over here.
• 32:40
  Don't know, you know that's. And that's who we're being ran
• 32:43
  by. That's the kind of mentality
• 32:45
  that we have. We look at it as a chess board.
• 32:50
  Can we take pieces? Can we form alliances?
• 32:54
  Engineers don't look at that. They look at it like a circuit
• 32:56
  board. So what transistor can they
• 33:00
  remove to collapse the entire structure?
• 33:03
  It's called a single point of failure.
• 33:06
  If you could identify a single point of failure, you can
• 33:10
  cripple your adversary. It don't matter how big he is.
• 33:15
  So in Iran, in anticipation of this war, remember, they've been
• 33:18
  preparing for this war for 24 years.
• 33:20
  Hold on, go ahead and say and and break that down a little
• 33:24
  bit. The average person doesn't know
• 33:25
  that. On 9/11, we were attacked by the
• 33:29
  radical aspect of the Sunni side of Muslims, of Islam.
• 33:35
  Not all, not not all Sunnis, of course, are part of this, but
• 33:38
  the more radical ones, that's where they came from.
• 33:41
  Those are Iran's enemies. So after 911, Iran helped us.
• 33:45
  For that first year, it was in their interest to crush the Al
• 33:52
  Qaeda guys because they pose a threat to them, you know, the
• 33:55
  enemy of my enemy concept. Well, a year after they were
• 33:59
  helping, Bush gave his speech where he lumped them into the
• 34:02
  axis of evil. Like, what are you talking
• 34:04
  about? We had nothing to do with that
• 34:05
  fucking shit in New York. We're actually helping you.
• 34:09
  Well, in O2, they get lumped into the axis of evil.
• 34:14
  Six months later, we invade Iraq.
• 34:16
  And so they were you know, we were able to topple the regime
• 34:19
  and six weeks well, at that point, the Iranian leadership
• 34:27
  knew that if the United States chose to go into Iran, they
• 34:32
  couldn't survive that attack. That's O 302-0303 because we
• 34:37
  invaded Iraq in March of O3 and the regime was over with by May
• 34:41
  because on you know, on May 4th or May 5th something like right
• 34:44
  so. Iran's saying OK, we see how
• 34:46
  this works. Out.
• 34:47
  We see how this works out. So they say bring in the best
• 34:49
  and the brightest. They don't bring in their
• 34:51
  lawyers. No, they bring in the engineers.
• 34:53
  They bring in the engineers. So since O3.
• 34:55
  They've been preparing for this fight.
• 34:57
  Really. Yes, nobody knows that.
• 34:59
  That's why the engineers said, OK, well, how do we negate their
• 35:02
  power? We have every technological
• 35:05
  advantage. Remember these They spend less
• 35:07
  than 1% of what we spend. Well, like they say, you know,
• 35:10
  they'll have a $30,000 drone and we have to blow off a $1 million
• 35:17
  missile. Those are 4 to 6,000,000 every
• 35:19
  interceptor. Yeah.
• 35:19
  So 4 to $6 million missiles to blow up their 30,000.
• 35:23
  Dollar Drone. The math ain't math in it.
• 35:24
  That's happening, isn't it? I mean, that's part of why
• 35:27
  we're. In trouble because they have
• 35:29
  engineers and they said how do we negate the American
• 35:31
  advantage? Well, United States spent two
• 35:35
  decades and two to $3 trillion fighting illiterate goat herders
• 35:40
  in Afghanistan. Two or three trillion in 10
• 35:43
  years. In 20 years.
• 35:44
  In 20 years. So when we invade our
• 35:46
  Afghanistan, the flag of a litter, goat herders flying over
• 35:48
  a flagpole in that should a whole country.
• 35:50
  We spent two decades there, 2 to $3 trillion, and we didn't lose
• 35:54
  a battle yet we lost the war. I was getting ready to say and
• 35:56
  we didn't win that mother. Because today the flag of a
• 35:58
  litter, gold herders still flying over a flagpole in that
• 36:00
  should a whole country how do they beat us?
• 36:04
  Train. Because they were able to fight
• 36:07
  in their mountains. So the engineers are saying,
• 36:12
  hmm, the illiterate goat herders in Afghanistan were able to
• 36:15
  defeat the Americans by fighting in their mountains.
• 36:18
  Because the mountains negate our technological advantage.
• 36:22
  Like I said, one of my best friends was served 2 combat
• 36:25
  tours in Afghanistan. Numerous special forces LED air
• 36:27
  assaults. He said they were dropping into
• 36:29
  ambushes all the time. I'm like, how's this possible?
• 36:35
  Like we have spy satellites in space that can read a license
• 36:40
  plate on the four O 5 freeway in LA.
• 36:43
  How are you not picking up where these guys are at?
• 36:45
  We have drones that are constant surveillance.
• 36:49
  I'm like when they're moving their equipment, are you not in
• 36:52
  our drones where he have thermal heat imaging capabilities?
• 36:57
  I'm like, how are you not picking up the heat signatures
• 36:58
  when they're moving their equipment?
• 37:00
  Like you got to pick up the fucking trucks or something.
• 37:02
  He's like, no, bro, when rubbing the mountains, they don't use
• 37:04
  vehicles, they use donkeys. The most powerful military in
• 37:10
  the history of the world spent two decades and two to $3
• 37:13
  trillion fighting illiterate gold herders armed with AK40
• 37:17
  sevens and donkeys, and we couldn't win and.
• 37:23
  We got our ass kicked. We didn't lose a battle.
• 37:26
  We lost the war. Why not?
• 37:28
  Because of the military. Because the people that create
• 37:30
  the policies to give the president their options went to
• 37:33
  Harvard Law School. We lost so badly, Pete.
• 37:36
  Didn't we have to leave? Didn't we leave almost all of
• 37:38
  our military? Shit over.
• 37:39
  Yeah, that was a debacle. Mean like.
• 37:41
  Yeah, that was just a debacle on every on every level.
• 37:42
  But the point being is you don't look at it from the result.
• 37:45
  You look at it what they were planning on the front end.
• 37:47
  So when your adversary is analyzing, well, they were able
• 37:51
  to win. Why?
• 37:52
  Because they fought in the mountains.
• 37:54
  Last year, the American government got into a military
• 37:58
  action against the Houthis in Yemen.
• 38:00
  Function. These are illiterate goat
• 38:02
  herders. Well, we were going to show them
• 38:04
  because the guys that go to Harvard and Yale seem to think
• 38:07
  that people are intimidated by size.
• 38:08
  So we flew a couple of aircraft carrier battle groups into the
• 38:10
  Red Sea. Were the Houthis frayed?
• 38:14
  Were they scared? No.
• 38:15
  You know what they started doing?
• 38:16
  Shooting missiles at our boats. The damn near sink.
• 38:20
  One of our $13 billion carriers. Now, why couldn't we defeat the
• 38:26
  Houthis riding in our mountains? Illiterate go herders in Yemen,
• 38:32
  illiterate gold herders in Afghanistan Neutralize the
• 38:37
  technological superiority by capitalizing on their terrain.
• 38:43
  The first full year to Sinaloa Cartel's existence as a
• 38:45
  standalone entity was 1990. For 35 years, the American
• 38:52
  government has targeted this collection of organizations led
• 38:55
  by functionally illiterate men with 3rd, 4th, and 5th grade
• 38:57
  educations. U.S. government has spent
• 39:00
  hundreds of billions of dollars over the course of the past
• 39:02
  three decades targeting these functionally illiterate
• 39:06
  Mexicans. CIANSAFBIDEA, Homeland Security,
• 39:11
  you name it. ATF, everybody in their mom. 35
• 39:15
  years later, the functionally illiterate Mexicans are still
• 39:19
  here. Why?
• 39:22
  They're fighting in their mountains.
• 39:26
  Illiterate goat herder in Afghanistan, illiterate goat
• 39:28
  herder in Yemen, functionally illiterate Mexican.
• 39:31
  It don't matter if they're fighting in their mountains,
• 39:35
  they have the advantage. Iran is a mountainous country.
• 39:39
  Very. And so when they called in the
• 39:42
  engineers, they said, how do we negate their advantage?
• 39:45
  This is what they referred to as the Mosaic strategy, and they
• 39:47
  built it over the course of the last two decades.
• 39:50
  But they started studying what we have to take advantage are
• 39:53
  geography. Since Saddam's regime fell, when
• 39:57
  they took out the leadership in Iran, they created what's called
• 40:00
  the Mosaic defense, where they broke up the country into 3331
• 40:03
  different provinces and each of the military commanders for
• 40:06
  those province have their set orders.
• 40:08
  They operate independent, so in the event of a leadership
• 40:14
  strike. And it's already all pre planned
• 40:17
  in the event of a decapitation strike like happened that
• 40:19
  actually happened where you take out the the leadership if you
• 40:22
  know and you're on took out the supreme leader took out a lot of
• 40:25
  the top brass at their military. They already have a pre plan.
• 40:28
  So like on every odd day, you know, province 1691532 fire your
• 40:34
  missiles at these targets every even day, alternate ones on
• 40:38
  every Prime day 13571113, you guys fire, you just change it
• 40:42
  up. Boom boom boom, boom boom boom.
• 40:44
  It's just all on operation so you can't decapitate the
• 40:47
  government now. Right if you do.
• 40:49
  It doesn't matter. They insulated their ability to
• 40:51
  survive a decapitation strike. Here's.
• 40:53
  The thing Pete, we miscalculated all of that.
• 40:55
  Because we have lawyers, See, the boys from Harvard Law and
• 40:59
  Yale Law aren't smart enough to outsmart the Iranian engineers
• 41:03
  any more than they were with the Chinese engineers.
• 41:05
  And we're going to get to that in a minute.
• 41:08
  And so when he said, hey, how are we going to defend?
• 41:10
  First of all, just take advantage of her geography.
• 41:14
  Secondly, break up the leadership structure into 31
• 41:18
  independent operators themselves.
• 41:19
  It's essentially the Sinaloa Cartel model.
• 41:21
  He's just a standalone entity. There's no leader of the Sinaloa
• 41:25
  Cartel. Tropical Man was never in charge
• 41:26
  of anything other than his own organization, which was one of
• 41:29
  4050 or 60 organizations. Which is just a cell at that
• 41:33
  point. Well, does Iranian government,
• 41:36
  their military has essentially adopted that same framework.
• 41:40
  That way if you take off this self that, if province #3 gets
• 41:43
  knocked off, it doesn't affect anybody else.
• 41:45
  Providence. Seven and nine are great.
• 41:47
  They're all everybody's still operating.
• 41:49
  And still have their people in command.
• 41:50
  So that way and. They're marching.
• 41:52
  Geography and the fusion of command.
• 41:56
  Well, and the fact that we had no idea this shit was happening,
• 42:00
  meeting, meeting our lawyers and the cabinet members and people
• 42:02
  that they didn't have any idea, probably.
• 42:05
  No, they just not that they didn't have any idea is that
• 42:07
  they underestimated their adversary.
• 42:10
  Once they create their mountain strategy, the engineers,
• 42:13
  literally they they built their facilities underground.
• 42:16
  So there are entire missile building cities underground.
• 42:21
  We can bomb all we want. Can't get them.
• 42:23
  Don't know where they're at. No, no, no, no, no.
• 42:25
  They're hidden, but they're they're structures that can
• 42:28
  withstand artillery or in the bombings.
• 42:32
  And we can't see them. And so then you have drone
• 42:35
  building facilities, missile building facilities, The missile
• 42:38
  launchers are built into the mountain.
• 42:40
  Like literally all of a sudden the mountain will open up, put
• 42:43
  the missile out, close it. And you've got tons of these
• 42:46
  because a lot of them are firing decoys.
• 42:50
  And so now it's you have this enormous mountainous terrain,
• 42:54
  concealed missile launchers, concealed drone launch sites,
• 42:58
  everything's subterranean. Now, the reason why this is
• 43:02
  important is because the US government has such an expensive
• 43:05
  military. Like if you mentioned earlier,
• 43:07
  our interceptors are what's called the PAC Threes, the
• 43:09
  Patriots. They cost 4 to $6 million an
• 43:11
  interceptor. And when there's an incoming
• 43:14
  missile, you got to shoot two or three of them per missile.
• 43:19
  So when this thing started, for those first few weeks, you hear
• 43:23
  people like at the beginning, Iran was sending 1000 missiles a
• 43:26
  day. Look how many they dropped off.
• 43:27
  What they were doing was clearing the Armory from the
• 43:30
  1980s and 1990s stock. They sent all their garbage.
• 43:35
  We're squandering our four to $6 million interceptors, knocking
• 43:38
  down rockets from 1992. They tricked us into using up
• 43:43
  our weaponry. For real, of course.
• 43:46
  For real. That's why they were firing 1000
• 43:48
  rockets a day. Send out the 1990s.
• 43:50
  I forgot the stuff from 91. Yeah, because the new 20.
• 43:52
  They haven't used the hypersonics yet.
• 43:54
  They got what? They've got the Rushniks from
• 43:56
  Russia. We haven't seen the serious
• 43:59
  stuff yet. We haven't.
• 44:00
  No. No, no, no, no, no, no, no, no,
• 44:03
  no, for real. The Iranian engineers put
• 44:06
  together this plan. We have not seen their
• 44:09
  hypersonic missiles. They have 2nd and 3rd and 4th
• 44:12
  generations. Their junk.
• 44:13
  They use their junk. To get all of our good shit.
• 44:17
  To get our good shit to get popped off.
• 44:19
  Then they came in and just started destroying all our
• 44:20
  bases. Boom, boom, boom, boom.
• 44:23
  And so as you can see from the image, all those little red
• 44:25
  spots indicated all the bases that we had that we believed
• 44:30
  were containing Iran. Well, this is the mindset of the
• 44:36
  individual who believes that size is intimidation.
• 44:40
  In reality we gave them targets because their missiles can't hit
• 44:45
  us, but by putting the bases near them now they can destroy
• 44:49
  us. Now they have a target.
• 44:51
  Now they have targets, and so they send up all their 1990s era
• 44:55
  rockets to get us to fire off our expensive interceptors.
• 44:59
  And then now that's just free clear, just unobstructed shots.
• 45:02
  Boom boom. In your estimation, Pete, what
• 45:05
  do they got left? They have their most powerful
• 45:09
  missiles that they haven't used. They haven't used their
• 45:13
  hypersonics yet, and keep in mind they're building around the
• 45:15
  clock. OK, they they they're all hands.
• 45:17
  On deck, they're all hands. On deck, it's a full remember
• 45:20
  because each one of the provinces has their own missile
• 45:22
  cities. So probably since now, do you
• 45:26
  think they started kind of gearing up?
• 45:28
  When, when, when we fucked with Venezuela?
• 45:31
  Do you think that they knew? They were next.
• 45:33
  They they they've had. Remember, they've had since at
• 45:37
  least from the time that Trump tore up the agreement that Obama
• 45:40
  entered into with Iran back in 18 with respect to the nuclear
• 45:43
  program, they've been ready for, I mean, even preparing.
• 45:46
  But at from that point forward, they knew something was coming.
• 45:49
  Like as we speak today and as this as this podcast drops,
• 45:54
  they're making bombs. They have.
• 45:55
  Continuously been making missiles because another
• 45:59
  miscalculation we made was that our boys, you know, our Harvard
• 46:05
  men thought we were going to war with Iran.
• 46:08
  We're not at war with Iran. We're at war with Iran, Russia
• 46:12
  and China. Maybe start with Venezuela?
• 46:15
  Well, remember we had the dollar denominated financial order that
• 46:20
  is now based on the Petro dollar.
• 46:23
  Our whole, Our whole. Dollar, our whole system is
• 46:25
  based on the Petro dollar and which creates the mechanism to
• 46:28
  have the world reserve currency, the world reserve asset.
• 46:31
  Everything was fine up until realistically the great
• 46:37
  financial crisis in 2008, because with respect to the GFC,
• 46:41
  prior to that, there have been numerous other financial crisis
• 46:44
  throughout the world. We bailed out Mexico in the
• 46:45
  90's, the Asian Tigers, the Russia situation.
• 46:49
  There's all these circumstances where whenever these type of
• 46:51
  events occurred, the US working with the International Monetary
• 46:55
  Fund or the World Bank, they come in, they're going to give
• 46:58
  them a cash infusion and we're going to insist upon certain
• 47:01
  reforms. You're going to change your
• 47:02
  political leadership. You're going to change the, you
• 47:05
  know, this structure with respect to your financial
• 47:08
  industry. You're going to begin to
• 47:11
  privatize. So, for instance, if you have a
• 47:15
  national mining company that's responsible for your copper
• 47:17
  mines, we got to sell that to American interests or to British
• 47:21
  interests or to our friends in Europe.
• 47:24
  So we dabbled all throughout the world.
• 47:26
  Creating these salvage these, these, you know, they
• 47:29
  essentially they were bailout packages.
• 47:32
  Well, when we had our blow up, we didn't follow any of those
• 47:36
  own restrictions. We refused to impose austerity.
• 47:40
  And so from that point forward, and of course we bailed out the
• 47:44
  banking system. And bailed out the car
• 47:47
  manufacturer. And so, well, the that was
• 47:49
  pennies, it was multiple trillion dollars for the banking
• 47:53
  system. Was was OAP way worse than
• 47:57
  people even imagined? I mean with regards to how
• 48:00
  sketchy and how much of A tipping point it was.
• 48:04
  Could have been even worse. The free market conservatives
• 48:08
  that were then claiming to be in power engaged in socialistic
• 48:15
  practices that make Mum Donnie look like Milton Friedman.
• 48:19
  Just a complete bailout of the financial system.
• 48:22
  Trillions of dollars got pumped in.
• 48:23
  They bailed. They bailed out foreign banks
• 48:27
  and so they stopped what was going to be a massive
• 48:30
  catastrophe. It was bad.
• 48:32
  It'd been a lot worse. And so that put other countries
• 48:38
  on notice that the people that are responsible for the rules
• 48:42
  based international order, they don't follow the rules
• 48:46
  themselves. And if they're going to engage
• 48:51
  in such fiscally irresponsible practices, why am I going to
• 48:54
  have them holding my money? So by 2010, 2011, people are
• 48:58
  like, you know, they're suspect. This is where you started
• 49:02
  seeing, like, for instance, in the narco world, the money
• 49:05
  laundering pivoted away from American markets.
• 49:08
  You had a concerted effort to start moving into real world
• 49:11
  assets. And so now you had guys buying,
• 49:13
  you know, beachfront property in Uruguay or eco, luxury eco
• 49:17
  tourist hotels in Ecuador or with the cartel money.
• 49:21
  Yeah, upscale boutiques in. Rio prior to that.
• 49:26
  A lot of the money was just coming into the American market.
• 49:28
  With all that money printing, you're essentially debasing the
• 49:30
  dollar, and so you're losing your purchasing power.
• 49:33
  The rest of the world began watching this massive money
• 49:38
  printing with debasement of the value of the dollar.
• 49:42
  That's why you see things are so much more expensive.
• 49:44
  It's because the more money you keep printing, the less
• 49:46
  purchasing power your dollar has.
• 49:49
  It's not that prices are going up, it's just that your dollar
• 49:51
  is getting that much devalued. Devalued.
• 49:53
  It's that much weaker. And so in 2012, you had an issue
• 49:58
  where I believe it was 2012 where Mr. Obama kicked Iran out
• 50:05
  of the financial system. There's a network called SWIFT,
• 50:10
  SWIFT, and this, I've heard of it.
• 50:12
  And this is the net. Like when you when you send
• 50:14
  money to, sometimes you'll have a swift number.
• 50:16
  That's right. That's what it is, yeah.
• 50:17
  And so that's the plumbing. We're all just moving the money.
• 50:21
  So that's like where you can move money internationally would
• 50:24
  be a Swift. Or whether it's, again, the
• 50:26
  South Africans buying oil from Saudi Arabia, where that money
• 50:29
  is going to that those transactions are going through
• 50:32
  Swift using our Ledger in New York.
• 50:34
  And we determine, I guess we probably at that point determine
• 50:37
  who's in Swift and who's. That's right.
• 50:38
  So we expelled Iran from the SWIFT system, Which?
• 50:44
  Why would we? Why did we do that?
• 50:46
  Because we were trying to create leverage to force them to
• 50:49
  negotiate on their nuclear program.
• 50:52
  And they they didn't give. A Well, they ultimately ended up
• 50:54
  making the agreement with Obama, which several years.
• 50:57
  Later. What was that now?
• 50:58
  Now you said Trump ripped up the Obama deal.
• 51:01
  What was the Obama deal, essentially?
• 51:03
  The Obama deal was Iran was limited to producing enriching
• 51:08
  uranium up to the internationally accepted
• 51:12
  standard. Like every country has the right
• 51:14
  to enrich up to about 3.7, five, 3.75% purity level.
• 51:20
  The weapons grade is 90%, so you can keep it at 3.75%.
• 51:25
  That's for nuclear energy or your power plants.
• 51:28
  You have a a second section subsection which allows it to go
• 51:31
  up to 20% for like medical isotopes and so you have to.
• 51:36
  Declare to hurt people via a bomb.
• 51:37
  You got to be at. 90%, yeah. So Iran, they signed that deal
• 51:40
  all day. They're like, OK.
• 51:42
  And it was a 3.75, but it was under international inspection.
• 51:48
  So you had actual auditors there to make sure that they stayed at
• 51:51
  the 3.75. And so.
• 51:55
  And that worked out for the first three years.
• 51:59
  And Trump came into office and he said, no, we're going to get
• 52:01
  a better deal. Why couldn't it be good with
• 52:03
  that deal? Because there was a sunset
• 52:05
  provision at the end of 10 years, Iran was going to lose a
• 52:10
  lot of the restrictions. Like 2020. 2 And so they're
• 52:14
  saying, hey, look, there's a sunset clause, we're going to
• 52:16
  get a better deal. So he tears up the Obama deal
• 52:20
  and apply. He puts in what he calls maximum
• 52:23
  pressure. And so Obama had already
• 52:26
  originally kicked them out of Swift.
• 52:29
  Well, for a country that's normally the equivalent of a
• 52:31
  death penalty because you're not going to be able to engage in
• 52:35
  international business. Right.
• 52:37
  Even I know. Yeah, I mean, like I've wired
• 52:39
  money abroad and it's SWIFT. It's a SWIFT.
• 52:41
  That's how I knew about it. So if you don't, as if you get
• 52:45
  kicked out of the club, so to speak, the money trading club in
• 52:48
  U.S. Dollars then you aren't part of
• 52:51
  the cool kids and you can't trade commodities and do various
• 52:54
  business things that you need to do as a country if you're if
• 52:57
  you're not a Swifty. Yeah, yeah.
• 52:59
  So that's, you know, that's what the international sanctions are.
• 53:01
  And so we like freeze them from using their money.
• 53:04
  What year are we talking about? Here, I think the swift issue
• 53:06
  was in 2012, well shortly after that 2013, 2014, China decides
• 53:14
  we are no longer going to continue buying new money going
• 53:19
  into essentially American bonds. Like since 2014, there's been
• 53:22
  like no net investment. And this is really a, a, a very,
• 53:27
  very, very red letter event in the fact that this is kind of
• 53:32
  where the shit. 'S yeah, because they started
• 53:34
  because when Brazil, because you had the issue with Iran and
• 53:39
  earlier there was an issue where Venezuela received the same
• 53:43
  sanction. Now when Venezuela got shafted,
• 53:47
  nobody really cared. There's Venezuela even when Iran
• 53:50
  got shafted, nobody really cared.
• 53:53
  You're on. They've been causing problems
• 53:54
  for decades. But there are other countries
• 53:57
  that took note because when you're the world reserve
• 53:59
  currency, part of the deal is you won't weaponize the dollar.
• 54:05
  Aries weaponize means that you're not going to ban people
• 54:07
  from the plumbing and. That's exactly what we did.
• 54:10
  And so when we started confiscating other countries
• 54:12
  money and banning them from the plumbing, well naturally other
• 54:17
  countries are going to look to say how do we mitigate our risk?
• 54:20
  Or better our position. And so China said, you know
• 54:22
  what? Instead of.
• 54:23
  And we're talking about 2014, 2014, 20/13/2014.
• 54:27
  So they're saying, you know, we're not going to keep putting
• 54:29
  money into the American system because we don't trust the
• 54:31
  Ledger. And this is where they start the
• 54:32
  Belt and Rd. initiative where they started taking all their
• 54:36
  money because at the end of the year they have enormous
• 54:37
  surpluses. Last year, China had $1.2
• 54:40
  trillion in surplus from their trade.
• 54:42
  As much as worth 40 trillion in debt.
• 54:45
  They're in. They're in the green every year.
• 54:47
  Yeah, and a lot. And so all those milk, you know,
• 54:50
  over the years it's hundreds of billions and now it's over a
• 54:52
  trillion at the surplus. Well, that money's no longer
• 54:54
  coming to our system. They're taking that money under
• 54:56
  the belt and Rd. initiative and they're going around buying.
• 54:59
  Assets that's called the belt and.
• 55:00
  Belt and Rd. initiative. So what they're buying is ports
• 55:02
  in Greece, ports in Peru, copper mines in Africa, and it doesn't
• 55:07
  matter and, you know, anywhere. Exactly anything right American.
• 55:10
  Anything but American paper. They want real world assets.
• 55:15
  But now I did see a graft where they're one of the largest
• 55:20
  landholder land owners of agricultural land in America.
• 55:26
  Sure, but that's good. They bought they they were
• 55:29
  taking them. That doesn't mean they don't
• 55:30
  want to put the money in capital money.
• 55:32
  They. Don't want our bonds, they won,
• 55:33
  but they'll go out by 5000 acres in Montana all day, all day,
• 55:37
  because that's something tangible.
• 55:39
  That's right. That's exactly correct.
• 55:40
  And so now they, they, they, by doing that, they took the money
• 55:45
  out of our Piggy Bank. Well, when China started the
• 55:49
  Belt and Rd. initiative a couple years later, they started their
• 55:51
  own 2016 version of SWIFT. It's CIPS is the acronym now.
• 55:58
  Initially it was very small because everybody's transacting
• 56:01
  in dollars. And again, this is important
• 56:03
  because this is leading up. To where we are today.
• 56:05
  Where? We are.
• 56:05
  Today, we're setting the foundation of why we're in a
• 56:08
  shitstorm with. Iran because China is generally
• 56:11
  recognized the leader of a collection of company countries
• 56:14
  called BRICS. BRICS, which is Brazil, Russia,
• 56:18
  India, China, South Africa. These are countries that are
• 56:23
  part of what's referred to as the global South and they are on
• 56:29
  the they're being a member of the US dollar LED financial
• 56:35
  order doesn't work to their advantage Now if they're.
• 56:40
  Are all those countries? Of course.
• 56:44
  They they certainly do. Those are all countries that are
• 56:48
  concerned that if the US has the authority to confiscate money
• 56:51
  and kick people out of the plumbing, well, what's to stop
• 56:54
  them from doing to them? And some pretty powerful
• 56:56
  countries you mentioned. Very powerful.
• 56:58
  And so the 55 to 60% of the world population are in BRICS
• 57:05
  nations, including the fastest growing economies, India,
• 57:14
  Brazil, China. And so the trajectory isn't good
• 57:22
  for the American system. Now at this point, the Chinese
• 57:26
  parallel system, a new architecture they were creating
• 57:29
  ran parallel with ours, small, but they were able to kit a
• 57:34
  couple of key pillars to build it on.
• 57:38
  Venezuela couldn't transact in dollars.
• 57:42
  Iran couldn't transact in dollars.
• 57:44
  So China said, you know what, we'll buy your oil in our
• 57:48
  currency. Venezuela and Iran.
• 57:52
  Reason why Venezuela and Iran were attacked this year.
• 57:56
  And we did it to ourself. We did it to ourself.
• 57:58
  By kicking them out, we at the time there wasn't the
• 58:02
  alternative. China found the workarounds that
• 58:04
  we're going to build an alternative architecture based
• 58:07
  on Venezuela because they're both sanctioned.
• 58:09
  Venezuela and Iran. You guys can't sell your oil.
• 58:12
  You can't trust the Americans not to confiscate your money.
• 58:14
  You can't use their plumbing. No problem, we got ours over
• 58:16
  here. And so they start building their
• 58:18
  architecture on top of Venezuela and Iran.
• 58:23
  In 2018, Trump tears up the agreement with Iran.
• 58:28
  More importantly, Trump initiates a trade war with
• 58:31
  China. Now, from the time of Nixon
• 58:36
  until that trade war in 18, the Chinese and American economies
• 58:41
  were integrated. They were the factory.
• 58:47
  We send you our dollars. You send us the cheap goods we
• 58:50
  need. They were the manufacturers.
• 58:53
  Well, when Trump hit him with the tariffs in 18, they weren't
• 58:58
  ready. They got sucker punched.
• 59:02
  They had to take the punch. At that point, they knew we
• 59:07
  can't trust the Americans. And so now they agreed they're
• 59:11
  going to buy all these extra soybeans because remember, they
• 59:14
  hit them with the tariffs in 18, and they put export controls,
• 59:18
  restricting their access to the more sophisticated computer
• 59:22
  chips and trying to cripple their economy by prohibiting
• 59:28
  their big tech companies from gaining any more traction.
• 59:31
  Like Huawei, they tried to ban these companies.
• 59:34
  Why do we do? Why do we do that, Pete?
• 59:36
  Why do we fuck with them? Because first of all, with
• 59:38
  respect to the export controls, we don't want them remember
• 59:43
  being a part of bricks and the leader of the global S We don't
• 59:47
  want their tech to become the default standard in the world.
• 59:53
  We want our tech to be that standard.
• 59:57
  We can't compete with them on price, so we ban them.
• 1:00:02
  Same situation we're going to discuss is with AI.
• 1:00:05
  You're going to see in a little bit, but at that point we're
• 1:00:07
  like, OK, we're going to strangle their tech industry.
• 1:00:09
  We want we want you guys making tennis shoes and T-shirts, like
• 1:00:12
  stay in your place. You're getting a little too
• 1:00:13
  uppity. And so China enters into an
• 1:00:18
  agreement where they agree to buy all the soybeans.
• 1:00:21
  Of course they reneged. But to get out from underneath
• 1:00:24
  the train wreck because they weren't ready for the fight,
• 1:00:27
  they said, OK, we'll, we'll appease Trump.
• 1:00:30
  We'll buy the soybeans and we'll just deal with the export
• 1:00:33
  controls. And let's just we remain friends
• 1:00:39
  at that point. That's when the engineers in
• 1:00:42
  China said we cannot trust the Americans if they hit us with
• 1:00:46
  export controls on computer chips.
• 1:00:48
  What's to stop them from hitting us with export controls on
• 1:00:50
  pharmaceuticals or cars or chemicals or minerals or oil?
• 1:00:56
  We have to completely insulate the Chinese economy from the
• 1:01:02
  threat of American sanctions. And they did something that's
• 1:01:06
  extraordinary because at the time, you know, in Chinese
• 1:01:09
  culture, although there's a lot of gambling going on in Chinese
• 1:01:12
  culture, what they invest in primarily is real estate.
• 1:01:18
  And so there was a lot of speculation going on.
• 1:01:21
  You heard about the big real estate boom in China that
• 1:01:23
  ultimately collapsed. Well, here in the United States,
• 1:01:26
  we viewed it as, ha, ha, they're having their 08 great financial
• 1:01:29
  crisis, their housing bubble. This is after 18 when we hit him
• 1:01:34
  with the sucker punch. That's not what happened.
• 1:01:37
  The Chinese government ordered the banks stop financing the
• 1:01:42
  real estate industry. The president of China came out
• 1:01:45
  and said housing is for living. No speculation.
• 1:01:49
  You're not going to buy 234 houses and flip them.
• 1:01:51
  Flipping's over with. That's the socialistic.
• 1:01:54
  All countries that are, all the companies that are.
• 1:01:56
  That's what Madami is trying to do in New York.
• 1:01:58
  To he doesn't have the authority.
• 1:02:00
  Right, right. But he's tried.
• 1:02:01
  Well, I think he's tried to raise additional taxes on out of
• 1:02:06
  state residents maintaining properties.
• 1:02:07
  But but with respect, this guy ordered the bank.
• 1:02:09
  Right. That that's the government, the
• 1:02:11
  socialistic, communistic government saying we are going
• 1:02:14
  to control what you own. You are directed to take all
• 1:02:17
  that money from the real estate industry and invest it in a
• 1:02:22
  manner consistent with our new industrial policy.
• 1:02:25
  We have to build cars, jets, chemicals, medicine, biotech,
• 1:02:32
  computer chips across the board. So they deliberately tank their
• 1:02:36
  economy. It'd be like the president today
• 1:02:40
  saying, you know what, crash the S&P by 60%.
• 1:02:44
  Take all that money and put it into this policy.
• 1:02:47
  It's essentially a war footing. We mistook it as they're having
• 1:02:52
  a housing bubble and it popped in reality the engineer self.
• 1:02:56
  Inflicted. We're reallocating that money.
• 1:03:01
  To gear up. To gear up, they've been waiting
• 1:03:04
  for this fight since 18. So I mean, we Pete, just, I know
• 1:03:08
  we got a long way to go yet, but just if I could interject, it
• 1:03:12
  sounds like we're stupid. No, we miss you have indicators.
• 1:03:16
  No, but I'm just saying, like our leaders, whoever they may or
• 1:03:19
  may not be, we've been we, we got caught sleeping.
• 1:03:23
  We didn't keep our eye on the ball.
• 1:03:24
  Mr. Obama was a lawyer, but he's like all these like nobody
• 1:03:29
  expects. Whether you take Trump, take
• 1:03:33
  Biden, take Obama, take Clint, these are all very intelligent
• 1:03:35
  men, very successful. They achieved a level of success
• 1:03:38
  most Americans can't achieve in five fucking lifetimes.
• 1:03:40
  Absolutely put them behind the control of a 747 in mid flight.
• 1:03:50
  What happens? Plane crashes.
• 1:03:53
  They are not competent to operate that aircraft.
• 1:03:58
  Nobody voted for any of our presidents thinking that they
• 1:04:04
  were airline pilots. Mr. Trump is not an expert in
• 1:04:10
  macroeconomics, nor geopolitics, nor military strategy.
• 1:04:15
  He's an extraordinarily successful politician, an
• 1:04:18
  extraordinarily successful real estate developer, a somewhat
• 1:04:22
  dubious casino operator, and a very successful reality TV show
• 1:04:28
  producer. So if he tells you, hey, this
• 1:04:32
  would be a great spot for a golf course, listen to that man.
• 1:04:36
  If he tells you we can refurbish this building and turn it into
• 1:04:39
  listen to that man. But for him to be able to make
• 1:04:43
  fully informed decisions, any of our presidents to be able to
• 1:04:46
  make fully informed decisions, they need to have advisors that
• 1:04:50
  advise them in areas that they're not well familiar with.
• 1:04:53
  And in this particular circumstance, he's listening to
• 1:04:56
  individuals who constantly underestimate the adversary.
• 1:05:03
  Their level of intelligence, although high, isn't relevant to
• 1:05:07
  the nature of the adversary you're facing, whether it's the
• 1:05:10
  illiterate goat herder in Afghanistan or the engineering
• 1:05:12
  nerd in China or Iran. And because they're
• 1:05:16
  underestimating their adversary, and because the guys that go to
• 1:05:19
  Harvard and Yale are so intelligent, they have hubris.
• 1:05:22
  I've known several of these guys.
• 1:05:24
  I've had a number of people I've known fairly well.
• 1:05:26
  One of them I got to know very well.
• 1:05:28
  One of my main tutors in macroeconomics was very
• 1:05:32
  successful Wall Street. Guy ran billion dollar funds,
• 1:05:35
  Goldman Sachs executive, the whole pedigree.
• 1:05:37
  Well, he was from Harvard. He made sure to let you know he
• 1:05:40
  went to Harvard. Everyone of the other guys I
• 1:05:42
  knew from Harvard, they're look super smart, not a lick of
• 1:05:48
  sense. And when you have men like this
• 1:05:52
  advising the president, it's not that the president is making bad
• 1:05:55
  decisions. It's he can't evaluate his
• 1:05:58
  options correctly because he doesn't realize what the
• 1:06:01
  engineer's going to do. Because the lawyer doesn't even
• 1:06:05
  contemplate the possibility that maybe the illiterate goat herder
• 1:06:08
  is smarter. At least smarter when it comes
• 1:06:11
  to fighting in the mountains. And the lawyer is the furthest
• 1:06:13
  thing from an engineer. And the lawyer is the furthest
• 1:06:15
  thing from the engineer because when the Iranian leadership
• 1:06:18
  calls into Iranian nerds, they said, how do we defend under the
• 1:06:23
  mountains? In the mountains also, we're
• 1:06:26
  going to. Break up the.
• 1:06:28
  Government ship more importantly.
• 1:06:30
  Now you say there's 31. 31 of them identified a single points
• 1:06:33
  of failure. Because a single point of
• 1:06:35
  failure is the point that you apply your pressure on that can
• 1:06:41
  cause the entire structure to collapse.
• 1:06:44
  Well, our president wasn't told. You've got three single points
• 1:06:48
  of failure, two of which are irreversible.
• 1:06:51
  What are they? Let's finish our discussion
• 1:06:53
  about the importance of the Petro dollar and the recycling
• 1:06:58
  only, but. And then and then how we got in
• 1:07:00
  to Venezuela. China gets hit with the sucker
• 1:07:02
  punch in 18. They start preparing for the
• 1:07:08
  next conflict. You had massive cash infusion
• 1:07:11
  into all of these industries to be able to insulate the country
• 1:07:15
  because they knew if they sucker punch just one we first time, we
• 1:07:19
  got to be ready to second time in 2022 you have a circumstance
• 1:07:25
  where Russia and Ukraine go to war.
• 1:07:30
  Well, in response to that, United States working in
• 1:07:33
  conjunction with our vassals in Europe decide you know what,
• 1:07:38
  we're going to seize Russian assets and we're going to kick
• 1:07:41
  them out of SWIFT. Now at that point, even the
• 1:07:48
  countries that previously. This would have been under
• 1:07:50
  Biden. It was under Biden, Yeah.
• 1:07:52
  Another heck, heck of a job, Brownie.
• 1:07:54
  That was a disaster, a disaster. Terrible decision.
• 1:07:59
  Because every country now who was over, they're willing to
• 1:08:02
  overlook Venezuela, troublemakers, Hugo Chavez,
• 1:08:05
  you're over willing to overlook Iran, crazy mullahs, They're not
• 1:08:09
  going to do that to us. But when you confiscate Russia's
• 1:08:13
  money, seize their money, freeze their assets, sanction.
• 1:08:16
  Them you start fucking with them.
• 1:08:18
  They are the most they have the largest nuclear stockpile on the
• 1:08:22
  planet. If you're going to fuck Russia
• 1:08:24
  out of their money and we took 300 billion.
• 1:08:26
  We did, yeah, in 2022. Yeah, we froze 300 billion of
• 1:08:30
  their money and kicked them out of SWIFT and then put sanctions
• 1:08:33
  on the oil industry. Who did this?
• 1:08:37
  Biden. My heck of a job, Biden.
• 1:08:38
  Oh my God, why would you fuck with them?
• 1:08:42
  Because we were trying to force them.
• 1:08:45
  To succumb to Ukraine. To get out of Ukraine, they were
• 1:08:49
  going to crush the rubble, the ruble, they said Once we stole,
• 1:08:55
  we call it freezing, anxious, and we got these nice words for
• 1:08:58
  it. The rest of the world says you
• 1:08:59
  stole the fucking money. Right, you stole 300.
• 1:09:01
  Billion. If you're going to steal 300
• 1:09:02
  billion from the country with the largest nuclear stockpile,
• 1:09:05
  you'll take anybody's money. No other responsible government
• 1:09:12
  is going to put all their eggs in the American treasury.
• 1:09:16
  From that point forward. Of course not.
• 1:09:18
  Well, it's been a build up. It's been, it's been a
• 1:09:19
  cumulative build up 12/12/14, yeah, but I mean now 18, now you
• 1:09:24
  had an acceleration. Yeah, and it's under different
• 1:09:28
  leadership, too. You can't believe it all in one
• 1:09:29
  person. You, you go to both sides,
• 1:09:31
  Obama. You go to Trump.
• 1:09:33
  George W Bush, you go to George W right across the board.
• 1:09:36
  Yeah. I mean, it's, it's both parties.
• 1:09:39
  There is no difference between the parties at this level.
• 1:09:41
  Right at at at this level of fuckery.
• 1:09:44
  This is this is managing the American empire.
• 1:09:46
  Or or destroying it. No, it didn't, but that's not
• 1:09:50
  the intention. Well, I understand that.
• 1:09:52
  But it's the, but that's where we're at.
• 1:09:54
  That's where that's why we're as fragile as we are.
• 1:09:56
  So you started seeing a massive movement from foreign central
• 1:10:02
  banks begin to stockpile gold. That's why you had this massive
• 1:10:06
  appreciation in the price of gold.
• 1:10:07
  It went from $1500 an ounce to last year 50 earlier this year
• 1:10:10
  5500 an ounce. Yeah, it's still trading high.
• 1:10:13
  So high why because people are like, why ask you all that money
• 1:10:16
  that's going into trade that will shouldn't that went into
• 1:10:18
  gold should have been going into treasuries.
• 1:10:20
  And so with respect to Russia, it becomes key because the
• 1:10:27
  confiscation of their assets is was essentially the final, the
• 1:10:31
  straw that broke the camel's back.
• 1:10:32
  At that point you had the big migration into gold.
• 1:10:35
  Now to understand the Russia scenario, because Russia's one
• 1:10:38
  of the fronts, because right this year you've had military
• 1:10:42
  action, decapitation strike in Venezuela, capture their
• 1:10:46
  president, American missiles flying into Iran.
• 1:10:50
  Those are American missiles flying into Russia.
• 1:10:54
  We provide the weapons to Ukraine.
• 1:10:57
  Whether they come directly from us or we sell them to the
• 1:10:59
  Europeans, it doesn't matter. Those are American weapons.
• 1:11:02
  Those aren't Ukrainians operating.
• 1:11:03
  Those are American civilian contractors.
• 1:11:06
  Oh really? I didn't.
• 1:11:07
  Know you have to have them. People that are trained in those
• 1:11:09
  systems, they're not uniform military American personnel.
• 1:11:13
  They're ex military. These are private civilian
• 1:11:16
  contractors. Private civilian contractors CIA
• 1:11:19
  black op type guys over. Ukraine, yeah.
• 1:11:22
  So you've got Americans firing missiles into Russia, Americans
• 1:11:26
  firing missiles into Iran and decapitating Venezuela.
• 1:11:30
  Now, why did Russia become part of this trifecta?
• 1:11:33
  Because after we seized their money, took their $300 billion.
• 1:11:39
  Well, Russia is an enormous commodity producer, and oil and
• 1:11:44
  all other commodities, they were now on the same sanctioned list
• 1:11:48
  with Iran and Venezuela. So then they became the third
• 1:11:53
  pillar of the Chinese alternate financial architecture.
• 1:11:57
  The CIPS and so now you had bricks, right?
• 1:12:00
  So you had Venezuela, Iran and Russia forming the base for
• 1:12:06
  China? Of this new financial instrument
• 1:12:09
  that China has. Yes, because it's essentially a
• 1:12:12
  yuan Petro dollar, but take out the dollar, it's yuan gold.
• 1:12:19
  So you had now a competitor because so long as you know,
• 1:12:23
  everybody needs oil. So China's going to be able to
• 1:12:26
  buy oil from Russia, Venezuela and Iran, pay for it in Chinese
• 1:12:31
  currency. And or because they're
• 1:12:35
  sanctioned countries, they're buying them at a deep discount.
• 1:12:37
  And so at that point, we have to take out as many of these places
• 1:12:42
  as we can. That puts.
• 1:12:43
  Initially we had to take out China.
• 1:12:47
  That's the lynchpin. That, but that's what we did in
• 1:12:49
  18, correct? We sucker punched them in 18
• 1:12:52
  after 2022 they had Russia, Venezuela and Iran on Team
• 1:12:56
  China. And if you've got.
• 1:12:58
  And Venezuela? Yes, and those are three of the
• 1:13:01
  worlds. You got you got Venezuela.
• 1:13:04
  Iran, Iran and Russia. Russia all buying their oil in
• 1:13:09
  the Chinese. Selling the oil to China all.
• 1:13:11
  Selling oil to. China.
• 1:13:13
  Trading oil and whatever in the new.
• 1:13:15
  Chinese back Chinese yuan backed currency for their for their for
• 1:13:21
  their financial architecture, which was they created the gold
• 1:13:24
  standard again because people don't want to hold yuan.
• 1:13:28
  So what? China said.
• 1:13:28
  We're going to. Go we're going to go back to the
• 1:13:30
  gold. Standard, so they said we're
• 1:13:31
  going to establish gold essentially vaults and all the
• 1:13:34
  big hubs. So they got one in London,
• 1:13:36
  Singapore, Hong Kong. Owned by China.
• 1:13:38
  Saudi Arabia owned by China and your gold like so if Russia
• 1:13:43
  takes payment in yuan and they don't want to hold the Chinese
• 1:13:46
  currency, they'll just say give it to us in gold.
• 1:13:48
  But they'll settle. No net.
• 1:13:49
  Settle in gold. And, and by the way, they're the
• 1:13:52
  only country that can do that, that has their own currency,
• 1:13:56
  meaning there's only two currencies really realistically
• 1:13:58
  in the world. We're talking about the US
• 1:14:00
  dollar and the new Chinese instrument.
• 1:14:03
  And China can can back theirs with gold.
• 1:14:06
  And we can. We cannot at this point unless
• 1:14:09
  we were to massively inflate the value of the gold, but then
• 1:14:13
  you're massively inflate. The value in China counting
• 1:14:15
  isn't what it what is. We can't even see if we have the
• 1:14:17
  808 thousand, 8000 tons that we're supposed to have.
• 1:14:21
  Back to 2022, we just. Screwed Russia out of 300
• 1:14:24
  million. 300 billion because remember China, Russia invades
• 1:14:27
  Ukraine. Now what people don't they gloss
• 1:14:31
  over the fact is that when the Soviet Union collapsed, the
• 1:14:39
  former Soviet states all returned back to their own their
• 1:14:43
  own countries essentially. Well, Russia for the next decade
• 1:14:50
  was just being exploited to be charitable by Western powers.
• 1:14:59
  It just essentially raped the country.
• 1:15:02
  Like the late 80s, early 90s. Throughout the 1990s, you know
• 1:15:05
  that the cowboy era of capitalism where American and
• 1:15:10
  Western backed financial interests were snapping up
• 1:15:16
  Russian assets for pennies on the dollar, Enormous windfall.
• 1:15:23
  And that all came to an end when Vladimir Putin became president.
• 1:15:27
  Which was what, 99, something like that?
• 1:15:30
  89, yeah. And so that's where.
• 1:15:33
  Putin was a game changer. It was a game changer because
• 1:15:36
  after he got his feet, after he got on his feet, he started
• 1:15:41
  restricting those kind of maneuvers.
• 1:15:43
  He brought in the oligarchs who formerly were just gangsters.
• 1:15:48
  Now they give him a nice term, oligarchs, and said, look, you
• 1:15:51
  made your money. Now on you're going to conduct
• 1:15:54
  yourself in a manner consistent with Russian national security
• 1:15:57
  interests. About the time the richest
• 1:15:59
  world's richest man was a guy named Mikhail Khodorkovsky, he
• 1:16:03
  wanted the buck. Putin snapped him up to him
• 1:16:06
  right in prison. Really.
• 1:16:08
  So we'll be equivalent to our Elon Musk.
• 1:16:10
  That's the guy. Ought to put him right in jail.
• 1:16:12
  For for. For what?
• 1:16:14
  You're just not you're. Just not working with me.
• 1:16:16
  Yeah, well, you know, you have money laundering or, you know,
• 1:16:19
  there's financial improprieties. And so they broke up his
• 1:16:22
  company. He.
• 1:16:22
  Probably didn't want that powerful of a guy rolling around
• 1:16:25
  his country. Well, he powerful of that.
• 1:16:28
  He had an international platform, enormous wealth, and
• 1:16:36
  essentially collaborating with Western financial
• 1:16:39
  internationalist interest. It's like, hey, we're not going
• 1:16:42
  that route. You were told not to do it.
• 1:16:45
  You did it. You get snapped up.
• 1:16:48
  Other guys that started bucking a little bit.
• 1:16:50
  Well, you had a whole series of individuals.
• 1:16:51
  This guy fell out of his hotel suite.
• 1:16:54
  This guy's airplane just happened to crash this guy's
• 1:16:57
  car. The brakes went out well after a
• 1:16:59
  few of these incidents. After a handful of those, the
• 1:17:02
  other boys were like, OK, yeah. Yeah, yeah, yeah, Vladimir, no
• 1:17:05
  problem, Sir. Whatever you need, buddy.
• 1:17:06
  Whatever you need. And so from that point forward,
• 1:17:12
  you had the Western powers breaking the agreement we had
• 1:17:17
  with Russia, with Gorbachev in particular, that we weren't
• 1:17:20
  going to expand NATO past Germany if they allowed for
• 1:17:25
  reunification. Well, in O four we double
• 1:17:28
  crossed them. And we brought again back to
• 1:17:31
  what I said. We're just a bunch of Dicks.
• 1:17:32
  So we. Crossing gut punching Dicks.
• 1:17:35
  So they, they, they brought in, you know, the the Baltic states,
• 1:17:39
  Lafia, Estonia, these little red ass countries, just a
• 1:17:44
  provocation did it because we could.
• 1:17:46
  Just to fuck with them. And they were being told like
• 1:17:49
  there's there's people that were like at the State Department got
• 1:17:51
  the guy name, but he's giving line.
• 1:17:53
  He's sending like memos saying, look, this is a disaster at some
• 1:17:55
  point going to come back to bite us in the ass.
• 1:17:57
  It's under Clinton. And so then, well, that was when
• 1:18:00
  the plan was put into place in 1997, they created this plan
• 1:18:03
  where they were essentially going to, this is where as the
• 1:18:06
  the liberal hegemonic order was being sold, we won the Cold War.
• 1:18:12
  We're going to turn everybody into little baby America with
• 1:18:15
  our former democracy. And so and.
• 1:18:18
  Russia's broke up. And Russia, the Soviet Union has
• 1:18:21
  broke up and Russia was this huge prize and then we lost
• 1:18:26
  access to it. And so from the early 2000,
• 1:18:30
  there's been a plan in place to break up Russia.
• 1:18:33
  Russia is a huge country geographically, and it's
• 1:18:36
  actually different ethnic groups.
• 1:18:39
  So you've got maybe had the situation in Chechnya, but they
• 1:18:42
  were trying to incentivize the fracturing of Russia because.
• 1:18:48
  And in fact, the European Union leaders have said if we can
• 1:18:50
  break it up into, you know, 10 different countries, we'll be
• 1:18:53
  rich. And so Russia knows that it's
• 1:18:57
  been the plan of the West to destabilize the regime to
• 1:19:02
  ultimately lead to its collapse. So either we put in another
• 1:19:06
  leader, another leader who was the other guy, Yeltsin sock
• 1:19:08
  puppet. Essentially we let him just sold
• 1:19:11
  everything to the US at pennies on the dollars.
• 1:19:13
  Oh, so Yeltsin was our But yeah, he was.
• 1:19:15
  Before. Putin.
• 1:19:16
  He's, of course, in between Gorbachev.
• 1:19:18
  And Putin was the guy, Yeltsin and Yeltsin he was.
• 1:19:20
  Just he was AUS yes man. Just let us do whatever we
• 1:19:23
  wanted to. The American financial interests
• 1:19:26
  were enormous financial windfalls.
• 1:19:29
  Well, that Piggy Bank got taken from us with Putin.
• 1:19:33
  So now the West has been conspiring.
• 1:19:35
  Well, how are we going to either get rid of Putin and put in
• 1:19:38
  another sock puppet which is essentially regime change?
• 1:19:42
  Or which is why we're probably backing Ukraine the way.
• 1:19:46
  We're about to get to that or we're going to break up Russia.
• 1:19:50
  And so we did the O4 expansion. Then George W Bush says we're
• 1:19:56
  going to include Georgia, the state of Georgia, not our state,
• 1:20:01
  their state country, the country of Georgia and Ukraine.
• 1:20:05
  You're on an irreversible path to NATO membership.
• 1:20:07
  Russia says we're not playing that game.
• 1:20:10
  This is O4. This is now O 8.
• 1:20:12
  They invade Georgia, they break the country in half.
• 1:20:16
  They take this land, they take that, this is ours.
• 1:20:20
  And so now so. They they divide Georgia take.
• 1:20:23
  Half they take the Russian because, you know, Georgia has
• 1:20:26
  enclaves that are predominantly Russian.
• 1:20:29
  Ukraine in the east, most all Russian, almost all Russian,
• 1:20:32
  right. Odessa is a Russian city.
• 1:20:36
  And so as the powers in being these countries started
• 1:20:41
  distancing themselves from Russia, they started taking a
• 1:20:44
  really antagonistic position. You're not going to be able to
• 1:20:46
  teach kids in Russian language. They have to use our language.
• 1:20:48
  They have to do that. They were trying to distinguish,
• 1:20:51
  extinguish the, the cultural ties.
• 1:20:54
  Well, there was an election in Ukraine, and the person that won
• 1:21:00
  had promised neutrality. Well, in 2014.
• 1:21:05
  Well, throughout the 2000s, the US engaged in a practice of
• 1:21:09
  regime change without military action.
• 1:21:12
  They called them color revolutions.
• 1:21:15
  So you would have. And how many countries did we
• 1:21:17
  do? This on a on a handful of them.
• 1:21:20
  And so they have essentially the NGOs, like the non government
• 1:21:23
  organizations come in. And this is all part of what
• 1:21:26
  Trump euphemistically refers to as the deep state apparatus
• 1:21:28
  where they go in, they're the charities, we're going to do
• 1:21:30
  this and we're going to mobilize democracy and they get all this,
• 1:21:32
  but they're just essentially troublemakers from the other
• 1:21:35
  countries perspective who are agitating.
• 1:21:38
  For regime change. For regime change.
• 1:21:41
  And. And so and had a.
• 1:21:42
  High success race at it. They were able to knock off a
• 1:21:44
  few of them and. Of the Eastern Bloc.
• 1:21:48
  Of the Eastern Bloc countries and they did it in Ukraine.
• 1:21:51
  Was was that how Zelinsky got became in power?
• 1:21:53
  No so in 2014, the democratically elected Ukrainian
• 1:21:59
  president. The ones the Ukraine.
• 1:22:01
  The only promised neutrality gets ran out of the country in
• 1:22:05
  an American LED color revolution.
• 1:22:07
  Of course we're on the we're we're supposed to be hands off.
• 1:22:10
  But now the internal documents, this is where like WikiLeaks
• 1:22:14
  really pisses people off because they started releasing like, Oh
• 1:22:17
  yeah, this whole thing was all American backed.
• 1:22:20
  And so you had a concerted effort by the American
• 1:22:24
  government to topple the Ukrainian regime so that we can
• 1:22:26
  install a sock puppet who allowed us to begin building the
• 1:22:30
  Ukrainian military into the largest military in Europe.
• 1:22:35
  The Ukrainian military was sponsored and provisioned by the
• 1:22:37
  American government. Well, Russia has their seaport
• 1:22:42
  in Crimea. And so when the Russians saw
• 1:22:47
  what was going on, what they didn't fall for the color
• 1:22:49
  revolution. This is a spontaneous revolt by
• 1:22:51
  the people of Ukraine yearning for freedom.
• 1:22:53
  But no, no, no, no, these fucking Americans are behind
• 1:22:55
  this bullshit. You want to play that game?
• 1:22:56
  They invade Ukraine and they take Crimea.
• 1:23:00
  They have to secure that territory because that's their
• 1:23:02
  access to like. That and that's before the
• 1:23:04
  Ukrainian invasion, that we all. Know yeah, yeah, this is this
• 1:23:06
  was prior yes, of course so now 2.
• 1:23:08
  People don't even know about that for the most.
• 1:23:10
  Part in 2014. They go get Crimea.
• 1:23:12
  They go Crimea. So we're building up, building
• 1:23:15
  up, building up, building up, building up.
• 1:23:17
  And of course, you know, you know, there is a reality that
• 1:23:22
  exists independent of people's delusions.
• 1:23:24
  If China says we're going to build bases in Tijuana, the US
• 1:23:28
  invades. We will not allow China to build
• 1:23:32
  bases in Mexico. And so as we're building up the
• 1:23:36
  military apparatus in Ukraine and European leaders are talking
• 1:23:41
  a little bit loose, like, hey, we're going to bring them into
• 1:23:43
  NATO. We don't care what Russia has.
• 1:23:45
  It's a sovereign country. They have the right to make
• 1:23:47
  their own decision. He's like, no, you don't have
• 1:23:48
  the right to make their own decision.
• 1:23:51
  US wouldn't accept China putting a base in Mexico.
• 1:23:54
  We're not going to accept this. So then Russia invades.
• 1:23:59
  Now, of course, we turned it into Russia's invading the
• 1:24:01
  country because they're going to.
• 1:24:02
  The invasion that we know. Of that we that, that that's how
• 1:24:04
  it's sold to our public. They invaded because they're
• 1:24:07
  going to, they're imperialistic and they're taking over Europe.
• 1:24:10
  They're taking over. They're just taking the Russian
• 1:24:13
  parts of Ukraine. But the Russian parts of
• 1:24:16
  Ukraine, first of all, we're on the eastern sea, eastern side.
• 1:24:19
  It's going to be a big buffer geographically, but more
• 1:24:21
  importantly it's the industrial capital, it's the rich farmland,
• 1:24:25
  the rich industrial sector, it's a lot of the mining interests
• 1:24:29
  and it's got Odessa and the port.
• 1:24:31
  And it's been going on for how long now?
• 1:24:33
  Now it's been going on for four years.
• 1:24:34
  So they invade, we take the money 3. 100 billion.
• 1:24:38
  The three. 100 billion and sanction them.
• 1:24:40
  They have no one to sell their money, their oil to because they
• 1:24:42
  can't access dollars. They can't go through Swifts.
• 1:24:44
  What do they do? They join Team China.
• 1:24:47
  The new China Instrument, a new financial.
• 1:24:49
  Industry. Russia jumps into the pot.
• 1:24:51
  Now you got a three legged stool.
• 1:24:52
  Venezuela, Iran and Russia that formed a basis for China's
• 1:24:57
  alternate architecture. So now this war is going on.
• 1:25:03
  Russia's now part of your financial.
• 1:25:05
  For China, but the American government is being very
• 1:25:11
  generous in their support. Of.
• 1:25:13
  Ukraine and this is part of the problem that Trump actually
• 1:25:17
  finds himself in now because we literally provided them hundreds
• 1:25:22
  of billions of dollars worth of equipment.
• 1:25:25
  Now, a lot of it was older stuff we got, we cleaned out the the
• 1:25:27
  pantry essentially, but they were also getting some very
• 1:25:31
  sophisticated equipment also. And so for the first two years
• 1:25:35
  you've got the war going on between Ukraine and Russia.
• 1:25:39
  And keep in mind, when Russia invaded a month later, there was
• 1:25:42
  an agreement that was put on the table.
• 1:25:43
  Like they said, look, we'll leave you.
• 1:25:46
  Just guarantee us you neutrality.
• 1:25:48
  So Russia, well, people don't know, like we, we never, never
• 1:25:51
  heard. This, it's called the Minsk
• 1:25:52
  agreement. They had an agreement in, in, in
• 1:25:55
  theory, they both sides agreed. So now our sock puppet is this
• 1:25:58
  Zelensky. He goes and talks to Biden and
• 1:26:01
  he talks to Boris, Boris Johnson, the British PM, and
• 1:26:06
  they say turn down the deal. Hold on.
• 1:26:09
  So Biden and Boris, the Prime Minister of Britain, they.
• 1:26:14
  Encouraged, Zelensky turned down the deal, which would have left
• 1:26:18
  Ukraine. Ukraine.
• 1:26:20
  Perfect, Perfect. Just stay neutral.
• 1:26:21
  Neutral. No, NATO.
• 1:26:23
  Right. No, NATO, you can get your land
• 1:26:25
  back. Yeah, we won't take it.
• 1:26:27
  Tiny deal. They called the Minsk.
• 1:26:28
  Agreed it in in principle they had already agreed to it, he
• 1:26:32
  just needed to run it by his his boys, his handlers essentially.
• 1:26:35
  Or the sock puppet gets told, Nope, don't do it, we'll support
• 1:26:38
  you. Fight the Russians to the last
• 1:26:39
  Ukrainian. Yeah, I mean, if you think.
• 1:26:43
  Yeah. So we.
• 1:26:43
  Start pumping in all. This money, all this equipment,
• 1:26:46
  Britain. Helping.
• 1:26:48
  They do a lot of the. Financial.
• 1:26:50
  Machinations Ukraine could have been out clean clean at one
• 1:26:54
  month into it there. Was a deal to settle the war.
• 1:26:58
  Ukraine walked away from it. Now, does Putin know that we're
• 1:27:00
  the bad guys in the woodpile? Absolutely, yeah.
• 1:27:03
  And so we. Start.
• 1:27:05
  Pumping in all this equipment. And now for the first two years
• 1:27:09
  we're. Supplying the Ukrainians.
• 1:27:10
  With the arms and the weapons necessary to unalive Russians in
• 1:27:14
  Ukraine. Of course the Russians aren't
• 1:27:16
  happy about it. But you know, we're on team
• 1:27:19
  Ukraine's. Ukraine's are proxy like Ukraine
• 1:27:25
  is essentially a. Vassal of Western.
• 1:27:27
  Economic internationalist interest Who knows this and he's
• 1:27:33
  not making an issue out of the. Fact that we're.
• 1:27:36
  Supplying the Ukrainians with weapons to fight Russians in
• 1:27:40
  Ukraine where things take a turn.
• 1:27:44
  Another calamitous decision by Biden and and and.
• 1:27:50
  There's plenty of calamitous decisions.
• 1:27:51
  By Trump also, but Biden's was particularly bad.
• 1:27:54
  So 22 is bad. We're taking assets 300.
• 1:27:57
  Billion. Now it's 24.
• 1:27:58
  What do you got for me in 24, Pete?
• 1:28:00
  They finally start supplying the Ukrainians with Long.
• 1:28:03
  Range missiles to shoot missiles into Russia.
• 1:28:08
  That's what we come up with in 24, yeah.
• 1:28:10
  Because at this point, things aren't going.
• 1:28:11
  Good, now they're selling it the Ukrainians.
• 1:28:13
  Are fighting and they're doing a great job and we got the
• 1:28:15
  Russians on the ropes. Now it's getting bad.
• 1:28:18
  Ukraine's about to get crushed right now.
• 1:28:20
  Don't pay any attention to the spin you're hearing on
• 1:28:22
  television. It's all bullshit.
• 1:28:24
  As of this podcast right now, Ukraine's in trouble.
• 1:28:27
  They're. At the point now, they're about
• 1:28:28
  to lose Odessa, so with respect to. 24 We start arming the
• 1:28:32
  Ukrainians with missiles to launch into Russia.
• 1:28:36
  That's an entirely different kettle of fish.
• 1:28:38
  It's one thing to arm them. With weapons to attack Russians
• 1:28:40
  in Ukraine in their own land, you are giving them the capacity
• 1:28:44
  and keep in. Mind the Russians.
• 1:28:45
  Know those aren't Ukrainians operating the systems.
• 1:28:48
  Those are our American civilian contractors.
• 1:28:50
  Those are Raytheon. Those are, you know, those are,
• 1:28:52
  those are former. Military guys working for, you
• 1:28:55
  know, the equivalent of a. Blackwater type with US produced
• 1:29:00
  missiles, yes. And being sent there to operate
• 1:29:03
  the. Equipment for the Ukrainians.
• 1:29:04
  So you've got American civilians, former military
• 1:29:08
  civilian contractors, CIA type contractors, but it can maintain
• 1:29:12
  the fiction that they're not American government firing
• 1:29:14
  American weapons into Russia, not fighting them on your own
• 1:29:18
  soil anymore. So that's when the Russian
• 1:29:20
  foreign. Minister, a guy named Lavrov
• 1:29:22
  told the. Americans, we reserve the right
• 1:29:27
  to respond. At a time and place of our
• 1:29:30
  choosing. Effectively what he was saying
• 1:29:34
  is it's not going to be today, not going to be tomorrow.
• 1:29:38
  Rest assured, at some point you got 1 coming.
• 1:29:40
  You got 1 coming just. Like the old school on the
• 1:29:42
  streets when you. Got 1 coming you got.
• 1:29:43
  One coming like when? Or like you probably know
• 1:29:45
  there's way more than any but like.
• 1:29:47
  You know you do. A guy a solid and you got one
• 1:29:49
  favor. Yeah, you're on the hook.
• 1:29:50
  You got. So you got a guy, a solid, you
• 1:29:52
  got a. Guy a solid and then you go cash
• 1:29:55
  that. Chip in when you need that chip,
• 1:29:58
  right? But it's a big chip, but guy
• 1:30:01
  knows you got 1 coming. That's right.
• 1:30:02
  Yeah. Then so that was.
• 1:30:05
  The the second horrific decision by Biden.
• 1:30:08
  And so when Trump takes office in January 25, remember, he wins
• 1:30:11
  the election in 24, He inherits the circumstance where Americans
• 1:30:16
  are firing missiles into Russia. He inherits all this.
• 1:30:19
  He inherits this like the you know.
• 1:30:21
  Now. Like I said, there's going to be
• 1:30:23
  decisions that are obviously questionable on his end.
• 1:30:25
  Sure. Just like I'm sure Biden's was
• 1:30:27
  like, don't get me wrong, it's not.
• 1:30:28
  It's Biden having his guys with Harvard, NBA and Biden inherit a
• 1:30:32
  little bit of a shit show he and Trump's inherit.
• 1:30:34
  Initiative. They all inherit because it's
• 1:30:36
  all part of the same. Intellect.
• 1:30:40
  American Empire Operation. Constant.
• 1:30:43
  Expansion because you know when you have an enormous and this is
• 1:30:49
  where we're at in January 25 Trump comes into office, you
• 1:30:51
  know at that .30, five, $36 trillion in debt.
• 1:30:54
  He's got a plan because for the first time the year before, the
• 1:30:58
  amount of money spent on defense exceeds is is trumped by the
• 1:31:04
  amount of money paid on national debt.
• 1:31:05
  Also, he's got 8. To 8 to 10 trillion.
• 1:31:07
  Dollars to refinance worth of debt at a much higher interest
• 1:31:11
  rate then what it was originally issued in and so it's becomes an
• 1:31:14
  issue because you've got this enormous debt load you can't
• 1:31:16
  afford to refinance $10 trillion at 4% so he was scrambling to
• 1:31:21
  get the interest rates lower that's why he.
• 1:31:22
  Wanted to fire the Powell. From the Fed.
• 1:31:24
  He wanted to fire Miss Cook from the Fed and so that was all part
• 1:31:29
  of his machination. They wanted to reduce spending.
• 1:31:32
  They were going to come in and Doge cut 2 trillion.
• 1:31:35
  Now keep in mind none of it worked.
• 1:31:39
  No, none of it. But the fact that it didn't
• 1:31:40
  work. Isn't what's important.
• 1:31:42
  By identifying what they were doing on the front end, it
• 1:31:45
  eliminates hindsight. And now you can draw inferences
• 1:31:48
  from what their plan had to have been.
• 1:31:50
  They were going to reduce spending.
• 1:31:53
  They were also going to cut taxes with the big beautiful
• 1:31:54
  bill. But.
• 1:31:55
  They were going to reduce spending with.
• 1:31:56
  Doge and they were going to restructure the Fed so that they
• 1:32:01
  can lower interest rates so that we can finance all this debt.
• 1:32:05
  Most importantly. Sounds good in principle.
• 1:32:08
  Oh yeah, of course it. Yeah.
• 1:32:10
  No, no. Look, I'm not.
• 1:32:12
  The I'm not faulting the plan, the plan, it just couldn't work.
• 1:32:20
  First of all, with respect to Doge, it failed.
• 1:32:22
  Miserably. The big beautiful bill results
• 1:32:26
  in. Massive tax revenue.
• 1:32:29
  Shrinkage. But they didn't cut the
• 1:32:31
  spending. So if you cut taxes without.
• 1:32:35
  Cutting the spending, now you got a 2.
• 1:32:36
  Trillion dollar deficit, so you're accelerating.
• 1:32:42
  The amount of bonds. You need to issue, but you can't
• 1:32:45
  issue more bonds on top of the bonds.
• 1:32:46
  You already have to issue to pay for the previous bonds.
• 1:32:48
  Now you're paying for this month's rent with this credit
• 1:32:50
  card, and then next month you got to pay with this credit
• 1:32:53
  card, with this pretty cheater to pay.
• 1:32:54
  Yeah. It just becomes this huge.
• 1:32:57
  Is that what we're doing? Yeah.
• 1:32:57
  It's a huge, highly financialized, essentially a
• 1:32:59
  Ponzi, and it works except for the fact that you have a lot of
• 1:33:05
  people. Now, particularly.
• 1:33:06
  Foreign central banks taking tremendous amount of money,
• 1:33:09
  moving the money into gold. You have other countries
• 1:33:14
  trading. With China and their.
• 1:33:15
  Currency, including Russia, Venezuela and Iran.
• 1:33:18
  And so when Trump comes into office, they say, look, I
• 1:33:22
  remember they came in hard. Oh yeah, lot of.
• 1:33:24
  Lot of piss and vinegar are coming out.
• 1:33:26
  Of these guys lot of piss and vinegar OK and So what they said
• 1:33:28
  is OK, we're going to put the world.
• 1:33:29
  On notice, we're going to input. We're going to redo a new tariff
• 1:33:32
  regime and he makes a threat to Bricks.
• 1:33:38
  Bricks is not, in my opinion, not a serious debt, but what
• 1:33:41
  they're. Trying to do is destroy the
• 1:33:42
  dollar so that another country can take over and be the
• 1:33:46
  standard. And we're not going to lose the
• 1:33:48
  standard now, as you just heard Mr. Trump say.
• 1:33:52
  Allowing bricks to form an alternative currency or using
• 1:33:58
  China's currency as a bricks currency would be the equivalent
• 1:34:02
  of us losing a war, not a little war, catastrophic World War Two
• 1:34:07
  level type war. It would destroy the American
• 1:34:10
  economy. Our way of life would be
• 1:34:15
  crippled. And so as an American, like,
• 1:34:18
  look, if you're going to maintain an operation of this
• 1:34:21
  nature, there are men who are going to have.
• 1:34:25
  To do The Dirty work. You know, if you want.
• 1:34:30
  To maintain the American standard of living.
• 1:34:31
  Like we're not naive. Children like if for us to be
• 1:34:35
  able to do this, you're going to have to have the sock puppets
• 1:34:39
  and you're going to have to have.
• 1:34:41
  Maybe the brakes on some guy's car.
• 1:34:42
  Go out every once in a while and that would be talking about
• 1:34:46
  other world leaders. That aren't or whomever,
• 1:34:48
  whoever's, whoever's who's not, who's not playing ball.
• 1:34:51
  With what? With what we're trying to what
• 1:34:53
  we're trying to what we. Need to maintain install the US
• 1:34:56
  dollar compared. To the brick system.
• 1:34:58
  Well, because. We had to strangle that.
• 1:35:02
  Because up until 25, you know, we were playing to the nice guy.
• 1:35:07
  We'll help you out. And we're, you know, the liberal
• 1:35:10
  hegemony and the rules based order and we're spreading
• 1:35:13
  democracy. Trump came in and said, look,
• 1:35:15
  we're done without bullshit. This is essentially mafia style
• 1:35:20
  coercion. You are not going to be involved
• 1:35:23
  with bricks. In fact, that's what he said.
• 1:35:24
  It's just sending a video. I will put 100% tariffs on any
• 1:35:27
  country that joins that to attack our dollar.
• 1:35:31
  Now this is before this is. Before, what happens with the?
• 1:35:35
  Liberation Day. But at this point, that threat
• 1:35:37
  carried a lot of weight, and so that's how he viewed it.
• 1:35:41
  And that, quite frankly, they're 100% correct.
• 1:35:43
  That is an existential threat to the American.
• 1:35:48
  Economy and our way of life as we.
• 1:35:50
  Understand it so you can't fault them for.
• 1:35:55
  Wanting to do. What they did, now I've got a
• 1:35:57
  lot of friends, particularly in Los Angeles, who are on the, you
• 1:36:00
  know, they're liberals or tend to be more on the left side and
• 1:36:04
  they're like, it's not. Right.
• 1:36:05
  Look, we're not talking. About right or wrong, we're
• 1:36:08
  talking about survival at this point.
• 1:36:09
  That's right. And when it comes to survival?
• 1:36:11
  There is going to be. Men, the guys in the black
• 1:36:14
  suits, we're going to make sure that no one decides to, you
• 1:36:19
  know, get off the reservation. And so the plan that the
• 1:36:23
  administration. Did coming in.
• 1:36:25
  Their their goals were laudable. The people that put together the
• 1:36:30
  plans weren't competent to do so.
• 1:36:34
  And now it worked with almost everybody because when they came
• 1:36:37
  in, well, First things first, when Trump comes in, he makes
• 1:36:40
  all these threats independent of the tariff.
• 1:36:44
  Threats, they start. Targeting Mexico, Venezuela and
• 1:36:48
  Panama. Targeting and like threatening
• 1:36:51
  overtly. But they're threatening them.
• 1:36:54
  Because of drug trafficking. This is when Trump famously said
• 1:37:00
  that. There's an intolerable alliance.
• 1:37:02
  Between the Mexican government and the drug cartels. 100%
• 1:37:05
  correct. It's an incomplete statement.
• 1:37:07
  It's more between the political parties in.
• 1:37:08
  Mexico and the drug. Cartels, but nevertheless the
• 1:37:12
  primary beneficiary of the drug trade in Mexico for the past 50
• 1:37:15
  years have been the Mexican political class.
• 1:37:19
  But that's not something that they just found out.
• 1:37:21
  That's been going on for 50. Plus years they've been the La
• 1:37:23
  Plaza system of criminal. Governments have been operating
• 1:37:25
  now for damn near 50. Years and in our in our cartel,
• 1:37:28
  in our cartel segment, you know like you.
• 1:37:30
  Said 50% off the top goes to the government.
• 1:37:32
  That's that was the original arrangement with the network out
• 1:37:34
  of Guadalajara, Yes, and. So what Trump did is he's told
• 1:37:39
  the Mexican government, we are considering when we're going to
• 1:37:43
  start targeting the Mexican political class because we know
• 1:37:46
  you guys are fucking dirty. And two, we are considering
• 1:37:50
  unilateral military action on your soil targeting cartels.
• 1:37:56
  They designated, they actually designated these guys.
• 1:37:59
  The you know the foreign T. Word organizations.
• 1:38:03
  And so they're no longer criminals.
• 1:38:04
  They're now the equivalent of an Al Qaeda.
• 1:38:08
  But I mean, they can take unilateral military action.
• 1:38:10
  Without. Consent of the country without
• 1:38:12
  the consent of the country, they can roll up in there and grab a
• 1:38:14
  bit. They can.
• 1:38:15
  So now the Mexican government. 'S on its back heels.
• 1:38:17
  So. The Scheinbaum said, well, what
• 1:38:19
  do we need to do? You know, what can we do to help
• 1:38:21
  you guys? Let's come up with a plan.
• 1:38:23
  And what was the response? Put 50% tariffs on China.
• 1:38:28
  Prohibit BYD from making electric.
• 1:38:30
  Cars in your country? Renegotiate NAFTA in a manner
• 1:38:35
  consistent with how we want it to be negotiated.
• 1:38:37
  Like you guys a problem? What's this got to do with with
• 1:38:41
  us Mexicans dealing cocaine, right?
• 1:38:45
  I mean, at the end of the day, right?
• 1:38:46
  Like, you know why? Why you fucking with the cartel
• 1:38:48
  when you don't want the BYD you're worried about.
• 1:38:50
  You're worried about fucking because you're worried about
• 1:38:52
  fucking electric cars. About the story from.
• 1:38:54
  Vietnam, you said, yeah, well they were going to impose
• 1:38:57
  massive tariffs on China, but they didn't want China to come
• 1:39:01
  in through the back door coming in through Mexico like they
• 1:39:03
  would like they would. So they had to say you are going
• 1:39:05
  to put 50% tariff on all goods coming in from China and these
• 1:39:08
  other restrictions. I Mexico didn't go for that, did
• 1:39:11
  they? Of course they did.
• 1:39:12
  One of Trump's first. Things was to come in as demand.
• 1:39:15
  Mexico. You're going to change your
• 1:39:16
  policies? Yeah.
• 1:39:17
  Venezuela. You're narcos too.
• 1:39:20
  See, we're pissed off with Venezuela because they're one of
• 1:39:22
  the key. Pillars of of the financial.
• 1:39:24
  Of the financial architecture for China, right?
• 1:39:25
  So we start building a case about Maduro being involved in
• 1:39:28
  drug trafficking he was the leader of.
• 1:39:30
  We start showing us blowing up these little cereal cartel de
• 1:39:33
  Los solos. That was the sun.
• 1:39:34
  Like this is the fucking. Yes, there's a lot of drug
• 1:39:36
  trafficking in Venezuela, but it's a but it's a fraction of
• 1:39:39
  what it is. But you can sell anything down
• 1:39:40
  the river to American if you if you throw.
• 1:39:43
  The cartel gimmick, if you go to cartel gimmick, it's like, Oh
• 1:39:45
  yeah, they did it for the fucking cartel.
• 1:39:47
  You remember? They really It's because of the
• 1:39:50
  financial instrument that China has established that Venezuela
• 1:39:53
  was playing ball with. If you're playing with China,
• 1:39:55
  you're going to have a problem because don't forget Mexico was
• 1:39:57
  also. Having massive trade relations
• 1:39:59
  with China. And so we're about to screw the
• 1:40:01
  Chinese. So we got Mexico and we got a
• 1:40:03
  blackout back out the back door from From.
• 1:40:05
  Mexico, then. We start focusing our attention
• 1:40:08
  on Venezuela and 3rd, we start focusing our attention on Panama
• 1:40:13
  because the Panama, I didn't even know about the Panama.
• 1:40:15
  Panama, I remember part of the Belt and Rd. initiative well.
• 1:40:17
  China's. Port companies had received the
• 1:40:20
  long term contracts to build and develop and run the ports in
• 1:40:24
  Panama. So Trump's going crazy.
• 1:40:25
  They're selling the Panama Canal to the Chinese.
• 1:40:27
  We built it. They didn't sell it to the
• 1:40:30
  Chinese. They let the Chinese operate the
• 1:40:32
  ports, lease them or whatever, you know, So now the American
• 1:40:36
  government pressures. The Panamanian government.
• 1:40:39
  And the Panamanian government breaks the contracts with China
• 1:40:43
  because there's they're afraid of us because of our the
• 1:40:45
  Panamanians were being. Pressured.
• 1:40:47
  Sure. There's no way to remember
• 1:40:50
  Trump. Was talking about going back
• 1:40:51
  there and. Taking it so we're unilaterally
• 1:40:53
  threatening to go into Panama to confiscate the canal that's
• 1:40:56
  ours. We take it back, take it back
• 1:40:58
  with sand. Even though we had a 99 year
• 1:40:59
  lease and then they made a Jimmy Carter break the.
• 1:41:02
  Lease or something? No, they the.
• 1:41:03
  The lease ended. Oh, did it?
• 1:41:06
  But OK, so we got Mexico online. We got Panama online.
• 1:41:10
  Panama fucks the Chinese and takes.
• 1:41:13
  Away the operation of the canal and.
• 1:41:15
  Now we. Have control, right?
• 1:41:17
  Meanwhile, Mexico falls in the line, Falls in the line,
• 1:41:21
  Panama's in line Panama. 'S in line.
• 1:41:24
  We make Mexico's in line now and.
• 1:41:26
  And we're pressuring Venezuela, right?
• 1:41:28
  We're pressuring them. And if we don't get what we
• 1:41:30
  want, we take it. Venezuela's got the.
• 1:41:32
  Allegedly the largest proven oil reserves on the.
• 1:41:34
  Planet, sure. Or that's worth trillions of
• 1:41:36
  dollars. You got to have.
• 1:41:37
  You got to have that. Yeah, you can, yeah.
• 1:41:38
  And you're certainly got to have them be trained in U.S. dollars.
• 1:41:40
  That's the only thing that matters as long as you're within
• 1:41:42
  the US dollar denominated financial.
• 1:41:44
  Order and you're not playing Footsie with China.
• 1:41:46
  They don't care if you're a narco, but if you get off the
• 1:41:51
  reservation now we are. Now you're going to have a D4
• 1:41:55
  squad come see you, and now we're going to use Narco as a
• 1:41:58
  pretech. As to get in there to get in
• 1:42:00
  there because everybody in America goes crazy over the
• 1:42:03
  cartel that's. Right, dumb cartel.
• 1:42:04
  They let you do anything. That's right.
• 1:42:05
  The average person doesn't know, Pete, about the Panama or
• 1:42:08
  Mexican play. We are familiar with Venezuela.
• 1:42:11
  We're familiar with Iran. That's what we're talking about.
• 1:42:14
  Because had Mexico not done that, then you would have had.
• 1:42:17
  Military personnel going in there under the pretext.
• 1:42:19
  Of targeting the. Cartel and Mexico at the end of
• 1:42:23
  the day, probably. Somewhat values their cartel.
• 1:42:26
  Well, no, you have to understand they have to maintain a balance.
• 1:42:29
  That's what I'm saying like. I mean, you know, the 2 can't go
• 1:42:31
  out there and. And wipe out the cartel.
• 1:42:33
  You know the. Mexico is the largest trading
• 1:42:35
  partner of the United States. And so the Mexican and American.
• 1:42:40
  Economies have been integrated since.
• 1:42:41
  NAFTA and so it's a relationship that we don't want to destroy.
• 1:42:46
  But on the other hand, Trump has been very successful in
• 1:42:50
  conveying the impression that he'll just do whatever, fuck
• 1:42:54
  international law. And so Mexico was intimidated.
• 1:43:00
  So the political look, the advisors for Trump, the Harvard,
• 1:43:04
  NBA, the Yale lot of guys, their assessment of the Mexicans and
• 1:43:09
  the Europeans and quite frankly, most countries was correct.
• 1:43:12
  So then once you've got that early stuff in January, the next
• 1:43:15
  big event is April with Liberation Day.
• 1:43:19
  And on Liberation Day, you've got Trump standing in the middle
• 1:43:23
  of the Rose Garden with his big chart, with his tariff chart,
• 1:43:28
  with his tariff chart. That was in April.
• 1:43:30
  April. April 2nd and then on top and
• 1:43:32
  very first country, China. If you look at that China first
• 1:43:37
  row. China 67%, that's tariff.
• 1:43:40
  So we're going to be charging a discounted reciprocal tariff of
• 1:43:44
  34%. So as you can see from the
• 1:43:46
  video, Trump was very proud. Of the liberation day tariff
• 1:43:51
  with respect to China he was like like a kid in the candy now
• 1:43:55
  understand the. Purpose of the tariffs were.
• 1:43:58
  There were multiple purposes. Obviously, they wanted to
• 1:44:01
  reorient the financial order, like get people out of this
• 1:44:05
  China camp. They also wanted to balance
• 1:44:10
  these trade deficits. They wanted to establish some
• 1:44:13
  sense of balance. Now, of course, this is where
• 1:44:16
  their plan doesn't make sense. You have to run trade imbalances
• 1:44:21
  because what we send the world are are worthless pieces of
• 1:44:24
  paper. Yeah, we're always going to have
• 1:44:27
  an imbalance. You can't have the world reserve
• 1:44:31
  currency and the manufacturing because then what?
• 1:44:35
  How are they going to get your paper to use for their Monopoly
• 1:44:39
  money? But Pete, doesn't he have dudes
• 1:44:41
  like you and even smarter? No, because.
• 1:44:43
  A lot smarter than me, of course, to walk him through him.
• 1:44:45
  I think it was. That's why I can't.
• 1:44:46
  Again, I think it's just a. Pretext to say, look, we're
• 1:44:48
  going. To threaten you with tariffs, to
• 1:44:51
  force you to give us concessions as opposed to going through with
• 1:44:56
  this so it. Was a negotiation.
• 1:44:58
  It's. Essentially a block that failed.
• 1:45:00
  Well, no, it worked with the. Overwhelming majority to punch
• 1:45:02
  countries. Because they initiate.
• 1:45:03
  That tariff in Liberation day, they announced it.
• 1:45:08
  No, the the the weak bitches in Europe are falling.
• 1:45:10
  Over each other, Please please please.
• 1:45:11
  Let us get a meeting, Sir. Let us going to meet.
• 1:45:13
  We'll negotiate. Canada.
• 1:45:15
  Canada Buck. The Europeans caved.
• 1:45:17
  The British caved. Countries in Asia caved.
• 1:45:21
  China. Remember, they've been waiting
• 1:45:25
  for. This fight since 18, you're not
• 1:45:27
  getting a sucker punch again. We're ready.
• 1:45:29
  This time he fucked us at 18. Goes back to the 18 fucking.
• 1:45:33
  That's right. And so now the boys.
• 1:45:36
  Who thought they had the leverage walked into a trap
• 1:45:43
  because the Chinese had their. Engineers.
• 1:45:46
  Being advised or advising? Their political.
• 1:45:50
  Class how do we strangle the American economy and cripple
• 1:45:55
  them if they tried us again So when you had our guys going on
• 1:45:59
  TV and all the president's advisors were holding all the
• 1:46:02
  cards, you Jackass as soon as I heard that you guys got.
• 1:46:06
  No fucking streets parts. They're not holding the cards,
• 1:46:09
  they've got you by the balls and are about to break it off in
• 1:46:11
  your ass and you have no idea what's coming.