Latest / UK Column Radio / The Dollar's Last Stand? Iran, China & the Collapse of US Hegemony | Silk and Steel

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The Dollar's Last Stand? Iran, China & the Collapse of US Hegemony | Silk and Steel · UK Column Radio

• 0:00
  Speaker 1: Oh, Carl is in the building. I see Carl right now, everybody.
• 0:03
  Speaker 1: I'm going to add Carl right now. Shout out to my.
• 0:08
  Speaker 2: Guy, Carl.
• 0:09
  Speaker 1: How's it going, Carl?
• 0:10
  Speaker 2: How are you?
• 0:11
  Speaker 1: I'm all right. Hey, let's jump right into it, Carl.
• 0:15
  Speaker 1: Before we talk about the war, before we talk about
• 0:18
  Speaker 1: the Brazilian elections, there's an article that came out today.
• 0:22
  Speaker 1: And you'll hear me lisping a little bit. It's because
• 0:25
  Speaker 1: I have bridge work being done on my mouth because
• 0:28
  Speaker 1: I got a couple teeth knocked out. During the hurricane.
• 0:31
  Speaker 1: But anyway, the article is titled, we are being warned
• 0:37
  Speaker 1: that our window to prepare is closing. What would the
• 0:40
  Speaker 1: survival rate be if the power grid in the U.S.
• 0:43
  Speaker 1: went down for six months? And then the article right
• 0:46
  Speaker 1: up under it says this. Let's go down a little bit.
• 0:51
  Speaker 3: It says.
• 0:52
  Speaker 1: Why are so many countries suddenly warning their citizens to
• 0:56
  Speaker 1: prepare for an emergency stockpile, emergency and stockpile essentials, survival supplies?
• 1:02
  Speaker 1: What do you think is going on and why are
• 1:05
  Speaker 1: they now talking about have 30 to 90 days worth
• 1:08
  Speaker 1: of food and water on hand? Yeah.
• 1:14
  Speaker 2: So right now we, we are entering a period of uncertainty.
• 1:20
  Speaker 2: You know, this, this was exacerbated by Israel and United
• 1:25
  Speaker 2: States illegal war on Iran. We are still in the
• 1:29
  Speaker 2: midst of an energy crisis. And as you know, energy
• 1:34
  Speaker 2: is the basis of everything. Without energy, nothing will run.
• 1:42
  Speaker 2: All the amenities of modern civilization will not work. We
• 1:47
  Speaker 2: have already seen spike prices, but uh... you know we
• 1:51
  Speaker 2: haven't really seen anything yet because right now currently is
• 1:55
  Speaker 2: accrued inventory all over the world not just united states
• 1:59
  Speaker 2: is at all-time low this is despite uh... you know u.s.
• 2:04
  Speaker 2: is claiming now we're getting more oil out of the
• 2:07
  Speaker 2: persian gulf but the the oil that's coming out is
• 2:11
  Speaker 2: not making up for the oil that didn't come out
• 2:15
  Speaker 2: for the last uh... last few months and so So
• 2:20
  Speaker 2: right now, and Trump just decided he's not going to
• 2:26
  Speaker 2: tackle on this issue. He's going to kick the ball
• 2:29
  Speaker 2: down the road. It looks like there's reports of U.S.
• 2:33
  Speaker 2: and Israel are preparing an escalation after the November election.
• 2:39
  Speaker 2: So this whole shit show is going to go on
• 2:41
  Speaker 2: a lot longer than anybody expected. And yeah, it is
• 2:48
  Speaker 2: what it is.
• 2:51
  Speaker 1: Do you think that the desperation because America now realizes
• 2:55
  Speaker 1: that she's no top dog and that with every day
• 2:58
  Speaker 1: goes by, she's losing her grip. Is this why she
• 3:02
  Speaker 1: continues to advocate for another strike on Iraq?
• 3:07
  Speaker 2: Well, I mean, U.S. is desperately trying to cling on
• 3:11
  Speaker 2: its status as the top dog. It's trying to do
• 3:14
  Speaker 2: everything it can to preserve its hegemony. But it's not working.
• 3:18
  Speaker 2: It's not working as we've seen in the current war
• 3:22
  Speaker 2: in the Gulf. Iran has shown that the United States
• 3:26
  Speaker 2: is essentially a paper tiger. It cannot protect its so-called
• 3:30
  Speaker 2: allies in the region. It cannot reopen the Strait of Hormuz.
• 3:36
  Speaker 2: And it's terrible. United States is not what Hollywood portray
• 3:41
  Speaker 2: it to be. And so we're in the situation now.
• 3:46
  Speaker 4: The U.S.
• 3:47
  Speaker 2: Elite, though, they will do whatever it takes to still
• 3:52
  Speaker 2: try to clean on, to lash out. And so we're
• 3:56
  Speaker 2: entering a very dangerous era in the world right now.
• 4:03
  Speaker 1: I want to play a clip for you, and I
• 4:06
  Speaker 1: want your take on it after this. This is about
• 4:08
  Speaker 1: a of maybe a 30-second, 40-second clip.
• 4:12
  Speaker 5: Okay, Paul, what's your hunch? Are you encouraged by the
• 4:15
  Speaker 5: signs of diplomacy? There's been plenty of activity on that front.
• 4:20
  Speaker 5: Or do you agree with what many are telling us,
• 4:23
  Speaker 5: that an escalation looks like it might be on the cards?
• 4:28
  Speaker 6: I think it's impossible for us outside the White House
• 4:31
  Speaker 6: to know what Trump's gonna do. Trump himself might not
• 4:34
  Speaker 6: know what Trump's gonna do. They're obviously playing a good cop,
• 4:38
  Speaker 6: bad cop game with the vice president meeting with the
• 4:44
  Speaker 6: Security Council secretary or exchanging information, a letter trying to
• 4:50
  Speaker 6: gin up some off ramp. The Iranians, you know, are
• 4:58
  Speaker 6: have been clear and haven't. budged from their position that
• 5:03
  Speaker 6: the memorandum of understanding that the administration negotiated needs.
• 5:09
  Speaker 2: To be the document.
• 5:11
  Speaker 6: And that document says the nuclear issue comes after the
• 5:17
  Speaker 6: resolution of the Straits of Hormuz. The administration wants to
• 5:20
  Speaker 6: go back on that and say, no, we need some
• 5:25
  Speaker 6: sign from you on the nuclear side. That's what a
• 5:27
  Speaker 6: lot of Gulf state diplomats are urging Iran to do.
• 5:36
  Speaker 6: The United States clearly wouldn't mind a short burst of
• 5:42
  Speaker 6: devastating military attack to shake loose this process. The problem
• 5:53
  Speaker 6: is we have no idea if it's going to be short,
• 5:56
  Speaker 6: and the Gulf states will pay an immense price because
• 5:59
  Speaker 6: Iran will target them and their targeting is extremely accurate
• 6:04
  Speaker 6: and devastating, as we've seen.
• 6:11
  Speaker 1: First of all, I want to say thank you for
• 6:13
  Speaker 1: the $ 10 super chat at msparks. Thank you for the
• 6:17
  Speaker 1: gift someone sent. Also, Carl, what is your take on
• 6:22
  Speaker 1: what was just spoken about?
• 6:25
  Speaker 2: Yeah. Right now, US has chosen to dig the hole deeper, right?
• 6:33
  Speaker 2: I mean, they keep on talking, trying to talk about
• 6:39
  Speaker 2: the nuclear issue, but look, this is, everything was, Iran
• 6:48
  Speaker 2: actually had a nuclear deal with United States, which Trump
• 6:52
  Speaker 2: tore up in his first term. Right now, That's not
• 6:56
  Speaker 2: even I mean, I don't think you us even care
• 6:59
  Speaker 2: about the nuclear issue there they're just using this as
• 7:01
  Speaker 2: the excuse to pull along the war and Again, they're
• 7:06
  Speaker 2: doing this at on behest of Israel. That's why Netanyahu
• 7:09
  Speaker 2: had previously visited Washington the whole point of that is
• 7:14
  Speaker 2: to to prop prod Trump to continue the war and
• 7:19
  Speaker 2: looks like that's Trump What what Trump is gonna do?
• 7:24
  Speaker 2: Because he cannot afford to look weak at this point.
• 7:28
  Speaker 2: And also Trump has his own political calculus because he wants,
• 7:34
  Speaker 2: you know, as long as the war goes on, you know,
• 7:37
  Speaker 2: people are not going to talk about Epstein.
• 7:39
  Speaker 1: Right?
• 7:39
  Speaker 2: I mean, so all these distractions, while it might be
• 7:45
  Speaker 2: bad for the world economy, bad for the United States,
• 7:49
  Speaker 2: but for Trump, it's just another distraction that works to
• 7:53
  Speaker 2: distract from his own issues. So it looks like we're
• 7:58
  Speaker 2: going to, you know, we are in this for the
• 8:01
  Speaker 2: long haul, unfortunately. But Iran is actually doing okay because...
• 8:07
  Speaker 2: From all the indicators we have seen, Iran is now
• 8:11
  Speaker 2: collecting tolls on the ships passing through. So there's now,
• 8:17
  Speaker 2: according to the ship tracking data, that now there are
• 8:22
  Speaker 2: many ships coming out of the Persian Gulf. And it
• 8:26
  Speaker 2: looks like many of them are coming out of the
• 8:29
  Speaker 2: Iran-controlled northern channel. And that means they are paying Iran
• 8:34
  Speaker 2: a toll. This would also explain why the Chinese currency
• 8:40
  Speaker 2: has been particularly strong lately. Because everything is followed by money, right?
• 8:46
  Speaker 2: If you look at the Chinese currency versus the U.S.
• 8:51
  Speaker 2: exchange rate, it took a dive during April when Trump
• 8:57
  Speaker 2: first announced the tariff. People were doing panic selling of yuan.
• 9:03
  Speaker 2: And Soon afterwards, when people realize China is not bending
• 9:08
  Speaker 2: and United States is not winning the trade war, the
• 9:11
  Speaker 2: Chinese currency started to rise. And now U.S. central bank
• 9:17
  Speaker 2: has raised the interest rate, the hike of the interest rate,
• 9:20
  Speaker 2: trying to fight the inflation. Again, the inflation that's introduced
• 9:24
  Speaker 2: by the energy crisis. And that made the U.S. dollar
• 9:28
  Speaker 2: strong versus other currencies. But Chinese currency... continue to appreciate
• 9:35
  Speaker 2: against U.S. dollars. And there's multiple reasons for this. One
• 9:39
  Speaker 2: reason is, you know, Chinese manufacture is now the world's
• 9:43
  Speaker 2: manufacturing center. China makes everything. But two, you know, when
• 9:49
  Speaker 2: Iran charged a toll on those ships coming out of
• 9:52
  Speaker 2: Persian Gulf, they can't charge U.S. dollars because, you know,
• 9:56
  Speaker 2: any U.S. dollar deposited in any world financial institutions is
• 10:01
  Speaker 2: liable to U.S. Treasury Department sanctions. So Iran charged, probably
• 10:08
  Speaker 2: charged in RMB, in yuan. And that create the demand
• 10:13
  Speaker 2: for Chinese yuan. This is, by the way, this holds
• 10:16
  Speaker 2: the whole logical petrodollar issue. That was created in the
• 10:20
  Speaker 2: 1970s when Kissinger went to Saudi Arabia was when he
• 10:25
  Speaker 2: asked to price the barrel of oil in U.S. dollars
• 10:30
  Speaker 2: is to create the demand for U.S. dollars because Nixon
• 10:34
  Speaker 2: had took the.
• 10:35
  Speaker 1: U.S.
• 10:35
  Speaker 2: Dollar off the gold standard, off the, you know, they're
• 10:40
  Speaker 2: discarding the Bretton Woods agreement. The U.S. dollar wasn't backed
• 10:43
  Speaker 2: by anything. So they needed a way to prop up
• 10:48
  Speaker 2: the value of the dollar. So that's how they come
• 10:51
  Speaker 2: up with a petrodollar system where if the sale of
• 10:56
  Speaker 2: oil is pricing the dollars, everybody who needs to import
• 10:59
  Speaker 2: oil needs U.S. dollars. That created huge demand for the U.S. dollars.
• 11:04
  Speaker 2: It made the U.S. dollar the world reserve currency. And
• 11:08
  Speaker 2: now we're seeing a shift. When Iran is demanding all
• 11:12
  Speaker 2: the ships coming out of the Persian Gulf pay a
• 11:15
  Speaker 2: toll in yuan, it subverts the whole underlying basis for
• 11:22
  Speaker 2: the petrodollar. And on top of that, because U.S. the
• 11:27
  Speaker 2: central bank have hiked the interest rate in order to
• 11:30
  Speaker 2: defend the dollar. It makes borrowing in U.S. dollar more expensive.
• 11:35
  Speaker 2: Now you have to pay more interest if you borrow U.S. dollar.
• 11:38
  Speaker 2: That's why Brazil has now switched from borrowing dollar to
• 11:43
  Speaker 2: borrowing in Chinese yuan. They're buying panda bonds. Indonesia is
• 11:47
  Speaker 2: also considering buying panda bonds because now it's much cheaper
• 11:51
  Speaker 2: to borrow in Chinese yuan and you pay much lower
• 11:54
  Speaker 2: interest rate than if you would borrow U.S. dollars. So
• 11:58
  Speaker 2: the whole U.S. dollar hegemony is being undermined. And, you know,
• 12:04
  Speaker 2: I before on your show, I said, you know, the
• 12:06
  Speaker 2: whole de-dollarization process is going to be ongoing process. It's
• 12:12
  Speaker 2: not going to be fast enough to please everyone because,
• 12:14
  Speaker 2: you know, a lot of people we wanted to see
• 12:17
  Speaker 2: it collapse faster. But the thing is, it's like a snowball.
• 12:22
  Speaker 2: When the snowball rolling down the hill, you start to
• 12:26
  Speaker 2: pick up momentum, pick up speed, pick up more snow,
• 12:29
  Speaker 2: you pick up more mass. And very soon, at some point,
• 12:34
  Speaker 2: you're going to accelerate, accelerate. And now we are near
• 12:39
  Speaker 2: the tipping point now where, first of all, the de-dollarization
• 12:44
  Speaker 2: trend is already irreversible. You know, we are definitely heading
• 12:49
  Speaker 2: in that direction. And now it's picking up momentum. And
• 12:53
  Speaker 2: so and if the U.S. dollar hegemony goes, the U.S.
• 12:59
  Speaker 2: hegemony goes, because the U.S. dollar hegemony is one of
• 13:02
  Speaker 2: the last legs that's holding up the U.S. empire system
• 13:05
  Speaker 2: right now. You know, the U.S. empire system stands on
• 13:08
  Speaker 2: three pillars. The financial hegemony, it's military, it's technology. Well,
• 13:15
  Speaker 2: On the technology front, China already caught up. The military,
• 13:20
  Speaker 2: we have seen, is a paper tiger in the Persian Gulf.
• 13:24
  Speaker 2: And the financial hegemony is literally the last leg that's
• 13:29
  Speaker 2: propping everything up. And if that goes, everything goes. And
• 13:34
  Speaker 2: we'll just have to wait and see.
• 13:40
  Speaker 1: Following you up on two things about the RMB. Iran
• 13:45
  Speaker 1: does charge its tolls. It says right here. And the
• 13:51
  Speaker 1: reason I put this, I have a bridge work and
• 13:53
  Speaker 1: it's spitting and I don't want to spit in the camera.
• 13:57
  Speaker 1: Iran charges service tolls and Chinese yuan, RMB, and stable
• 14:02
  Speaker 1: coins and cryptocurrencies for ships passing through the strategic Strait
• 14:07
  Speaker 1: of Hormuz. So, America has undermined her own dollar supremacy.
• 14:13
  Speaker 1: But here's something else that goes along with what you
• 14:15
  Speaker 1: were just saying. Over 120 countries and regions now connect
• 14:20
  Speaker 1: to China's Renminbi, or RMB slash Yuan, financial network or
• 14:25
  Speaker 1: user for cross-border trade settlements. There's only 190 some, and
• 14:30
  Speaker 1: we have 120 of them now switching from the swift U.S.
• 14:37
  Speaker 1: dollar-based system to the renminbi system or the system. What
• 14:42
  Speaker 1: does that say for dollar hegemony? But also, what does
• 14:45
  Speaker 1: that say for American influence and power globally?
• 14:50
  Speaker 2: It's declining.
• 14:51
  Speaker 3: U.S.
• 14:52
  Speaker 2: Imperial decline is now irreversible. And another thing about this
• 14:57
  Speaker 2: whole R & B switching to R & B is that,
• 15:04
  Speaker 2: you know, U.S. thought this whole energy crisis is going
• 15:07
  Speaker 2: to be to its own benefit because now like we, we, uh,
• 15:11
  Speaker 2: you know, the Trump's logic is that we already grabbed
• 15:14
  Speaker 2: the Venezuelan oil. We have a lot of, uh, shale
• 15:17
  Speaker 2: oil in North America. Like we will be able to
• 15:21
  Speaker 2: export all those energy around the world, uh, and, and
• 15:25
  Speaker 2: make more money, you know, in a way it did
• 15:28
  Speaker 2: happen for a while. Uh, you know, the U S
• 15:30
  Speaker 2: big oil majors was raking in a lot of money. Well, Okay,
• 15:35
  Speaker 2: this didn't benefit ordinary Americans because unless you are an
• 15:39
  Speaker 2: employee of ExxonMobil or Chevron, all these big oil majors,
• 15:44
  Speaker 2: because you have to pay the price at the pump.
• 15:49
  Speaker 2: But what happened now is that there's a whole issue
• 15:57
  Speaker 2: of shipping problem because the oil tankers right now, they're
• 16:01
  Speaker 2: so busy– traveling longer distance route. And now the shipping
• 16:09
  Speaker 2: fee is going astronomical. So now to ship oil from
• 16:14
  Speaker 2: North America to Asia, the estimate is about, it will
• 16:18
  Speaker 2: cost $ 30 to $ 35 per barrel. To ship a barrel
• 16:24
  Speaker 2: of oil from North America to Asia, it costs $ 30
• 16:27
  Speaker 2: to $ 35 extra. So with that cut, A lot of
• 16:35
  Speaker 2: companies say like, hey, it's a lot cheaper if we
• 16:39
  Speaker 2: just go to Persian Gulf and pay Iranian the toll, right? So,
• 16:43
  Speaker 2: I mean, we can pay Iran like $ 20 a barrel.
• 16:48
  Speaker 2: We still would make more money than if we go
• 16:51
  Speaker 2: import American oil. And so this is, we have already
• 16:59
  Speaker 2: seen a sharp drop off. of the American exports of
• 17:04
  Speaker 2: crude to Asia region because the company now are making
• 17:09
  Speaker 2: the calculation on the whole cost of transporting and shipping oil.
• 17:14
  Speaker 2: And again, that strengthened the RMB because Yurong takes RMB
• 17:21
  Speaker 2: as payment for the toll. I saw a lot of
• 17:28
  Speaker 2: propaganda nowadays say, oh, U.S. Navy has been extremely effective
• 17:33
  Speaker 2: by cutting off Iranian oil export. There's now very little
• 17:41
  Speaker 2: Iranian oil that's floating around in the open ocean. But
• 17:45
  Speaker 2: guess what? Iran at this point don't need to export
• 17:49
  Speaker 2: oil anymore because all the oil coming out of Persian Gulf,
• 17:53
  Speaker 2: they have to give a cut to Iran. Iran doesn't
• 17:56
  Speaker 2: have to export its own oil anymore. You can just
• 17:59
  Speaker 2: sit there and collect toes. And that's enough to sustain
• 18:05
  Speaker 2: the Iranian economy. And again, that continues to undermine the U.S.
• 18:11
  Speaker 2: dollar hegemony.
• 18:14
  Speaker 1: I want to play another clip for you. This is
• 18:17
  Speaker 1: from a Congressman and he was talking about a briefing
• 18:21
  Speaker 1: that he had with top leaders about striking Iran. So
• 18:27
  Speaker 1: here we are right here.
• 18:28
  Speaker 7: In one of these briefings, we did get the chance
• 18:30
  Speaker 7: to have a fairly detailed conversation about what the war
• 18:34
  Speaker 7: plan would be if we restarted military operations. You've heard
• 18:39
  Speaker 7: a preview that it would be a short duration plan.
• 18:44
  Speaker 7: I will just say this. Their plan is insane. It won't,
• 18:51
  Speaker 7: it won't, it will lead to devastating escalation and the
• 19:00
  Speaker 7: likely destruction of our commitment to the rule of law.
• 19:07
  Speaker 1: Can you say more?
• 19:08
  Speaker 7: I mean, there's been open reporting as to what we
• 19:11
  Speaker 7: may be planning and the civilian infrastructure that we may
• 19:14
  Speaker 7: be targeting. I think the plan, the plan that they have,
• 19:20
  Speaker 7: they've been asked by the president to develop a plan.
• 19:23
  Speaker 7: Whether they believe it, it will work or not, I
• 19:26
  Speaker 7: do not know. But the plan that they have developed
• 19:30
  Speaker 7: will lead, in my view, to a prolongment and an
• 19:35
  Speaker 7: escalation of this war that will be devastating for our
• 19:37
  Speaker 7: security interests.
• 19:38
  Speaker 1: Now, with that being said, he said, But the plan
• 19:45
  Speaker 1: that they conjured up is totally, absolutely insane. That's what
• 19:50
  Speaker 1: he said. According to what he said, the phrase absolutely
• 19:54
  Speaker 1: insane means completely, totally, or without a doubt, crazy, wild,
• 20:00
  Speaker 1: or extreme. Core meanings and context, extremely foolish and reckless.
• 20:06
  Speaker 1: This is what he said about U.S. war planners, U.S.
• 20:10
  Speaker 1: politicians and U.S. financiers who are trying to dominate Iran
• 20:15
  Speaker 1: to keep Western hegemony going. How long can that go on?
• 20:19
  Speaker 1: And wouldn't that reverberate across all sectors of American and
• 20:25
  Speaker 1: Western life and the economies with the blowback effect?
• 20:33
  Speaker 2: Right now, they're desperate, right? They're just throwing feces on
• 20:37
  Speaker 2: the wall to see whatever sticks. But that's not an
• 20:42
  Speaker 2: approach that's going to get them out of this hole,
• 20:44
  Speaker 2: because if they do attack Iranian civilian infrastructure, well, guess what?
• 20:50
  Speaker 2: Iran can't hit back. Iran is going to target, you know,
• 20:54
  Speaker 2: what's good for the goose is good for the gander.
• 20:56
  Speaker 2: Iran can target power uh water desalination plants all around
• 21:02
  Speaker 2: the region in the gulf countries in israel and and
• 21:07
  Speaker 2: a lot of these countries they depend on the these
• 21:11
  Speaker 2: water desalination plants and and once those these are gone
• 21:16
  Speaker 2: you know there goes the civilization that the whole gulf
• 21:20
  Speaker 2: country whole gulf region um I would say even including Israel,
• 21:26
  Speaker 2: will be completely, utterly devastated. And that means there won't
• 21:31
  Speaker 2: be any more oil coming out. Right now, there's still
• 21:34
  Speaker 2: oil coming out of the Gulf. On a good day,
• 21:38
  Speaker 2: there's sometimes even 18 million, 19 million barrels of oil
• 21:44
  Speaker 2: coming out, almost up to the pre-war level. But if
• 21:48
  Speaker 2: they're going to re-escalate, there's not going to be no
• 21:54
  Speaker 2: oil coming out. And already the world crude inventory is
• 21:59
  Speaker 2: at all time low. You know, there's not much buffer left.
• 22:05
  Speaker 2: China previously have cut back its imports of, you know,
• 22:09
  Speaker 2: 5 million barrels of oil. But, you know, there's not
• 22:14
  Speaker 2: much more that China can cut its imports. So there's
• 22:18
  Speaker 2: a very, very little buffer left. And if they do this,
• 22:23
  Speaker 2: is this going to have huge blowback effect, not just
• 22:27
  Speaker 2: in the Gulf region, not just in the immediate neighborhood
• 22:30
  Speaker 2: of Iran, but you will reverberate all around the world
• 22:34
  Speaker 2: because we all need energy. I mean, like 20% of
• 22:38
  Speaker 2: the world energy supply coming from the Persian Gulf. If
• 22:42
  Speaker 2: you should take that out, that's not going to be able,
• 22:45
  Speaker 2: you cannot replace that overnight. And it's going to be, it's,
• 22:52
  Speaker 2: Especially the United States. We all know the U.S. infrastructure
• 22:57
  Speaker 2: has been dilapidated and the U.S. elite haven't bothered to
• 23:02
  Speaker 2: upgrade and maintain infrastructure. And, and, and, and with this
• 23:06
  Speaker 2: new coming and, and they're also, they're diverting whatever energy, uh,
• 23:11
  Speaker 2: they have into building data centers, right? Like all these
• 23:15
  Speaker 2: data centers are now sucking up all the new energy
• 23:18
  Speaker 2: coming on stream. So this is going to be much, much,
• 23:22
  Speaker 2: much worse. Um, and, and I, and to top that off,
• 23:31
  Speaker 2: the people who are in charge in Washington, They're not
• 23:34
  Speaker 2: the brightest tool in the shed. I mean, these guys,
• 23:40
  Speaker 2: I don't know what to say. So this makes it really,
• 23:46
  Speaker 2: really bad because we have a bunch of idiots running
• 23:49
  Speaker 2: the show right now, and they have no idea how
• 23:54
  Speaker 2: bad it could get.
• 23:57
  Speaker 1: And this is what Richard Wolff had to say about
• 24:00
  Speaker 1: the situation with Iran and the Bobak effect.
• 24:06
  Speaker 8: The price of a ship going through the Panama Canal
• 24:10
  Speaker 8: has gone up by 100 times compared to February of
• 24:15
  Speaker 8: this year, before the war began, to today. And what's
• 24:19
  Speaker 8: going on is that, since the Strait of Hormuz is
• 24:22
  Speaker 8: closed— not open, as President Trump says, closed— One of the
• 24:27
  Speaker 8: things that's happening is a crisis for shipping companies that
• 24:31
  Speaker 8: would normally use the Strait of Hormuz. So, what are
• 24:34
  Speaker 8: the shipping companies doing? You know, this doesn't take a
• 24:37
  Speaker 8: genius to understand. They're looking for other routes, and one
• 24:41
  Speaker 8: of them is to use the Panama Canal. So, suddenly,
• 24:46
  Speaker 8: ships are showing up at the Panama Canal in much
• 24:49
  Speaker 8: greater numbers, and they're desperate. They have to make their
• 24:53
  Speaker 8: travel plans work. So, the authorities in Panama have said, well,
• 24:59
  Speaker 8: this is a wonderful opportunity. And to give you an example,
• 25:03
  Speaker 8: the average price of a ship going through in February
• 25:06
  Speaker 8: was $ 55, 000, the fee. The latest number, $ 5- plus million. That's
• 25:14
  Speaker 8: 100 times larger. And why is that important for everybody,
• 25:18
  Speaker 8: beside the obvious? It's going to be inflationary for us.
• 25:22
  Speaker 8: All the goods that are going through there that end
• 25:25
  Speaker 8: up being consumer goods will have to be priced at
• 25:29
  Speaker 8: a higher price to cover the higher cost. That's a
• 25:32
  Speaker 8: direct outcome. If you hadn't made war on Iran, the
• 25:37
  Speaker 8: Strait of Hormuz would have been open as it was
• 25:39
  Speaker 8: before the war. So, this is right on the government
• 25:43
  Speaker 8: of the United States. Their decision led to this burden.
• 25:48
  Speaker 8: And because it's only been going on for a few months,
• 25:52
  Speaker 8: the impact on the prices we pay is about to
• 25:56
  Speaker 8: unload itself.
• 26:03
  Speaker 1: What's going to matter? Your take on it.
• 26:09
  Speaker 2: The people who have been living in the U.S. have
• 26:12
  Speaker 2: already known the effect of inflation, but they haven't seen
• 26:16
  Speaker 2: anything yet. It's going to get much, much worse. And
• 26:19
  Speaker 2: to combat the inflation, the central bank will have to
• 26:24
  Speaker 2: raise rates, interest rate. And that's going to increase the
• 26:27
  Speaker 2: borrowing costs. And when they raise the interest rate, guess what?
• 26:34
  Speaker 2: That also means the United States government which now has
• 26:39
  Speaker 2: how many, I don't even know how many trillion dollar
• 26:42
  Speaker 2: in debts are now. They have to service the interest
• 26:46
  Speaker 2: on those debts and they have to pay a much,
• 26:49
  Speaker 2: much more loan interest payment on those, on those, on
• 26:56
  Speaker 2: those debts. So it's, it's going to get much, much worse.
• 27:01
  Speaker 2: And this is why, you know, like, what's, what is
• 27:06
  Speaker 2: it now? Like, $ 30, $ 40 trillion. This is why since
• 27:14
  Speaker 2: Trump's second term, the US debt have climbed very, very quickly.
• 27:19
  Speaker 2: And a lot of that is because now the interest
• 27:23
  Speaker 2: payments start to pile up. And now they have to
• 27:28
  Speaker 2: spend more. They have to borrow more. They have to
• 27:31
  Speaker 2: borrow more to pay the interest to pay the old debts,
• 27:37
  Speaker 2: and then they have to borrow more at a higher cost.
• 27:40
  Speaker 2: And again, this is not sustainable. This is not a
• 27:44
  Speaker 2: sustainable development. Everything is pointing to an eventual reckoning. It's
• 27:53
  Speaker 2: not a matter of if, it's a matter of when.
• 27:59
  Speaker 1: Well, it says right here, Keith Key figure for fiscal
• 28:03
  Speaker 1: year 2026, gross interest expense, the U.S. government paid $ 1. 36
• 28:09
  Speaker 1: trillion in gross over the fiscal year. $ 1. 36 trillion. This
• 28:19
  Speaker 1: nation's GDP.
• 28:25
  Speaker 2: Yeah.
• 28:28
  Speaker 1: And then it says, it's more than Social Security. And
• 28:33
  Speaker 1: it is on par with U.S. war spending. That's crazy.
• 28:41
  Speaker 2: Yeah, that before was.
• 28:45
  Speaker 2: Before that was still okay as long as U.S. remained
• 28:50
  Speaker 2: the world's reserve currency. As long as U.S. dollar hegemony
• 28:55
  Speaker 2: holds because as long as other people have a demand
• 29:00
  Speaker 2: for U.S. dollars, U.S. can always... export inflation you know
• 29:04
  Speaker 2: all u.s have to do just printing money printing money
• 29:07
  Speaker 2: and then let and let the other people you know
• 29:10
  Speaker 2: distribute the inflation equally among the world you know all
• 29:14
  Speaker 2: the people that take u.s dollar will have to suffer
• 29:17
  Speaker 2: and but as we already talk about the u.s dollar
• 29:21
  Speaker 2: hegemony itself is eroding you know because all the all
• 29:27
  Speaker 2: these factors that we have talked about before, that the
• 29:30
  Speaker 2: whole petrodollar system is getting undermined. China has provided an alternative,
• 29:38
  Speaker 2: a trading currency in Chinese RMB. And these things are
• 29:45
  Speaker 2: all interconnected. And all part of the system right now
• 29:51
  Speaker 2: is showing signs of cracks. Again, it's not matter of if.
• 29:56
  Speaker 2: It's not if, it's when. when all these house of
• 29:59
  Speaker 2: cards will fall down.
• 30:03
  Speaker 1: And it's going to be very bad. I want to
• 30:06
  Speaker 1: play something also. This is what Hicks said. No, I
• 30:12
  Speaker 1: think it's Hicks. No, it's sitcom. All right.
• 30:19
  Speaker 9: Well, the top U.S. military commander in the Middle East
• 30:21
  Speaker 9: briefed President Donald Trump at the White House about potential
• 30:25
  Speaker 9: military operations against Iran.
• 30:27
  Speaker 2: The Wall Street Journal.
• 30:28
  Speaker 9: Is reporting, citing U.S. officials and others with direct knowledge
• 30:31
  Speaker 9: of the meeting. Navy Admiral Brad Cooper, commander of the U.S.
• 30:35
  Speaker 9: Central Command, was joined by Secretary of War Pete Hexeth
• 30:39
  Speaker 9: and Joint Chiefs Chairman, Air Force General Dan Kaine, according
• 30:42
  Speaker 9: to the journal. Other cabinet members attended the meeting, which
• 30:45
  Speaker 9: also covered additional topics. And the meeting came as the
• 30:48
  Speaker 9: administration weighs renewed major combat operations against Iran, potentially after
• 30:53
  Speaker 9: Tuesday's midterm elections. Trump administration officials have told Arab Gulf
• 30:58
  Speaker 9: states to prepare for a short, intense military campaign after
• 31:02
  Speaker 9: the elections. As per this latest WSJ report, Pradeep Dutta
• 31:06
  Speaker 9: joins us with further clarity. Pradeep, so the Wall Street
• 31:09
  Speaker 9: Journal is reporting that the CENTCOM commander has briefed Trump
• 31:13
  Speaker 9: on military options against Iran as Washington prepares for possible
• 31:16
  Speaker 9: renewed strikes while pursuing diplomatic contacts and also, crucially, just
• 31:20
  Speaker 9: after the midterms?
• 31:22
  Speaker 3: Yes, Parmeshwar, there are reports that the United States of
• 31:24
  Speaker 3: America is preparing for a brief military operation against Iran
• 31:29
  Speaker 3: because diplomatically they.
• 31:30
  Speaker 2: Have failed to achieve their target.
• 31:32
  Speaker 3: That's one of the reasons that there was a Central
• 31:34
  Speaker 3: Command meeting and during that meeting the Central Command chief
• 31:37
  Speaker 3: a brief President Donald Trump about the military option and
• 31:40
  Speaker 3: how they are going to do it. Because already we
• 31:41
  Speaker 3: have seen that the Air Force transport aircraft have landed
• 31:45
  Speaker 3: in Israel, as well as in other countries like Jordan, Qatar,
• 31:49
  Speaker 3: as well as Saudi Arabia, because they are trying to
• 31:51
  Speaker 3: bolster their air defense system And they had enough time
• 31:53
  Speaker 3: during the last two months so that they can have
• 31:56
  Speaker 3: stockpiled enough ammunition to fight against Iran. But so far
• 31:59
  Speaker 3: as Iran is concerned, they are saying that this stick-and-carrot
• 32:01
  Speaker 3: policy is not really going to work. If any misadventure
• 32:04
  Speaker 3: from the American side, they are going to hit them back,
• 32:06
  Speaker 3: as they have done it in the past. But if
• 32:08
  Speaker 3: we talk about this particular meeting, even Pete Hexler, the
• 32:11
  Speaker 3: defense secretary, as well as The Central Command chief was
• 32:14
  Speaker 3: present and they briefed about that, how they're going to
• 32:16
  Speaker 3: carry out operation, because this time they are going to
• 32:18
  Speaker 3: target not only their energy sector, but also once again,
• 32:22
  Speaker 3: the nuclear plants will be targeted. And this is going
• 32:25
  Speaker 3: to be a bigger attack as compared to the last one.
• 32:31
  Speaker 1: First of all, Carl, before we go further. Why doesn't
• 32:35
  Speaker 1: anyone say that to threaten or to intentionally target nuclear
• 32:41
  Speaker 1: facilities is a war crime and a crime against humanity,
• 32:46
  Speaker 1: and it automatically labels you as an outlaw, illegitimate regime?
• 32:51
  Speaker 1: Because according to international law, to purposely target nuclear facilities
• 32:56
  Speaker 1: is a crime against humanity. Why? No way. The Eastern
• 33:03
  Speaker 1: newspapers are pointing this out because this in itself would
• 33:07
  Speaker 1: give more legitimacy to Iran walking away from talks because
• 33:14
  Speaker 1: America has already violated international norms and international law on
• 33:19
  Speaker 1: multiple occasions.
• 33:22
  Speaker 2: Yeah, I mean, United States is a rogue regime. There's
• 33:26
  Speaker 2: no question about it. But U.S. still have a lot
• 33:30
  Speaker 2: of so-called soft power, unfortunately. And the United States propaganda
• 33:37
  Speaker 2: still flood the airwaves. So, you know, a lot of
• 33:40
  Speaker 2: people still kind of trapped from a very Western-centric point
• 33:45
  Speaker 2: of view. And especially in the English language media, it's just.
• 33:55
  Speaker 2: It's almost taking for granted, okay, U.S. is just going
• 33:58
  Speaker 2: to get away with whatever it does because the United
• 34:01
  Speaker 2: States is powerful. And speaking of targeting nuclear facilities, I
• 34:09
  Speaker 2: remember Israel have nuclear facility. If Iran were to target
• 34:13
  Speaker 2: Israel's nuclear facility, you know, Israel will be, you know... Yeah,
• 34:24
  Speaker 2: pretty much. Because unlike Iran, Iran is a large country.
• 34:29
  Speaker 2: If you target Iranian nuclear facility, the immediate vicinity might
• 34:35
  Speaker 2: be affected. But Israel sits on a very narrow strip
• 34:39
  Speaker 2: of coastal land. And if Israel nuclear facility gets blown up,
• 34:44
  Speaker 2: guess what? That whole area will be radioactive and unusable
• 34:51
  Speaker 2: for a very, very long time. So they really have
• 34:55
  Speaker 2: to think this through because, one, they're running low on
• 34:58
  Speaker 2: interceptor missiles. We know that even back in the 12
• 35:02
  Speaker 2: days war. And they're not getting any replenishment because we
• 35:09
  Speaker 2: also know that the U.S. used up like decades, more
• 35:15
  Speaker 2: than decades, production of Tomahawk missiles already against Iran. And,
• 35:21
  Speaker 2: you know, there's, there's the product, they can't, they, like
• 35:25
  Speaker 2: the interceptor missiles, they, you know, before the war, they've
• 35:29
  Speaker 2: produced like, what, like four or less than 10 a year. And,
• 35:34
  Speaker 2: and the rate that we're using up those interceptor missiles,
• 35:37
  Speaker 2: you know, they can't, the production cannot keep up. And
• 35:41
  Speaker 2: on top of that, they can't, they can't even get
• 35:44
  Speaker 2: the basic material they need to make new missiles because they,
• 35:49
  Speaker 2: China still maintain the export control on rare earths and
• 35:53
  Speaker 2: critical minerals that need to go in those missiles. So
• 35:57
  Speaker 2: they are, they're going to have a big hole in
• 36:02
  Speaker 2: their air, in their missile defense system. You know, Iran
• 36:07
  Speaker 2: still have tens of thousands of missiles ready to go. And, and, and,
• 36:12
  Speaker 2: you know, the idea that somehow they think they can,
• 36:16
  Speaker 2: they can, target Iran's civilian and nuclear facility without retaliation,
• 36:22
  Speaker 2: that's fantasy. That's fantasy. Iran will hit back and Iran
• 36:25
  Speaker 2: will hit back hard. And Iran will hit back harder
• 36:29
  Speaker 2: than they had ever before because now Israel and United
• 36:34
  Speaker 2: States are running out of interceptor missiles. Their whole missile,
• 36:40
  Speaker 2: all their missile defense system couldn't even protect United States
• 36:43
  Speaker 2: bases in the Gulf region. I mean, like, you cannot
• 36:49
  Speaker 2: be expected to protect all the civilian infrastructure or nuclear
• 36:53
  Speaker 2: facility in Israel.
• 36:57
  Speaker 1: You know, it's amazing how America can give all of
• 37:00
  Speaker 1: these weapons to different countries and China's enemies and Russia's enemy.
• 37:05
  Speaker 1: But when Trump, this is something that was not spoken about,
• 37:08
  Speaker 1: but was whispered in my ear when Trump and Xi
• 37:11
  Speaker 1: had the meeting together, that Trump was complaining about China
• 37:15
  Speaker 1: supplying fuel for thousands of Iranians, and the accuracy of
• 37:23
  Speaker 1: the Chinese Beidou system that Iran uses to strike targeted facilities. Now,
• 37:30
  Speaker 1: I was also told that one reason that Iran did
• 37:34
  Speaker 1: not strike Damona is because of the Palestinians. And they
• 37:38
  Speaker 1: were trying to, and Israel knew, and they were using
• 37:42
  Speaker 1: Palestinians as a shield to keep Iran from striking the
• 37:46
  Speaker 1: Dimona facility. I need you to chime in on this. No, no, no.
• 37:51
  Speaker 2: I mean, that's exactly right. You know, they often accuse
• 37:55
  Speaker 2: Palestinians using human shield, but that's what exactly what they
• 37:59
  Speaker 2: themselves are doing. You know, it's always 100% projection, their
• 38:03
  Speaker 2: talking points. They are using Palestinians as a human meat
• 38:08
  Speaker 2: shield against Iranian missiles, possible missile attack against Israeli, whether
• 38:16
  Speaker 2: water desalination plants or nuclear facilities. The idea is if
• 38:22
  Speaker 2: Iran targets those, then it's going to impact the Palestinians
• 38:27
  Speaker 2: as well, which Iran does not want to do. But regardless...
• 38:34
  Speaker 2: you know, if they do target, if they do hit
• 38:37
  Speaker 2: Iranian infrastructure in Iran, there will be incredible domestic pressure
• 38:43
  Speaker 2: building Iran itself to demand the Iranian government to hit back.
• 38:50
  Speaker 2: And so this, I don't even know these things are
• 38:55
  Speaker 2: entering into the calculation of the decision maker in Washington
• 38:59
  Speaker 2: because as we know that first of all, they're not
• 39:02
  Speaker 2: the brightest tool in the shed. And second of all,
• 39:04
  Speaker 2: most of these guys got their position because of the,
• 39:09
  Speaker 2: either nepotism, political favoritism, you know, horse trading, most of
• 39:13
  Speaker 2: them got their position because they know how to kiss
• 39:17
  Speaker 2: the right ass. Right. And that's, that's why all of
• 39:20
  Speaker 2: them are kissing Trump's ass right now, even though a
• 39:23
  Speaker 2: lot of them must know this would lead to disastrous consequences. And, uh,
• 39:30
  Speaker 2: so so we are we're have. Yeah, it is what
• 39:34
  Speaker 2: it is.
• 39:37
  Speaker 1: I'm going to play a clip in general speaking about what.
• 39:43
  Speaker 1: will come in retaliation. And remember that Iran had already
• 39:46
  Speaker 1: said that if they are hit again, that their retaliation
• 39:50
  Speaker 1: will go beyond holding back anything, and that Iran will
• 39:56
  Speaker 1: hit economic interests, the fiber optics. They will hit businesses
• 40:00
  Speaker 1: like Amazon, storehouses all around. And they will take out
• 40:04
  Speaker 1: desalination plants and power stations and power grids or whatever
• 40:09
  Speaker 1: like this. And I believe this is one of the
• 40:12
  Speaker 1: things that sparked hectic demand that every U.S. military base needs.
• 40:18
  Speaker 1: have his own power generation for three to six months.
• 40:22
  Speaker 1: I believe that was one of the things. But I
• 40:24
  Speaker 1: want to play what the general had to say here.
• 40:28
  Speaker 10: Iranian officials have warned that any renewed US military action
• 40:32
  Speaker 10: against Iran would trigger a strong response, as tensions remain
• 40:35
  Speaker 10: high across the region. Iran's security chief Mohsen Rezaei said
• 40:39
  Speaker 10: US President Donald Trump had waged what he called a
• 40:42
  Speaker 10: foolish war against Iran and was continuing it. Rezaei said
• 40:45
  Speaker 10: Iran was ready to deliver a stronger response if the
• 40:48
  Speaker 10: United States resumed military aggression. He said Iran had fully
• 40:51
  Speaker 10: prepared for a decisive war and claimed that the country
• 40:54
  Speaker 10: had identified U.S. military vulnerabilities and was better prepared than before.
• 40:58
  Speaker 10: Iran's Army Ground Forces commander, Brigadier General Ali Jahanshahi, separately
• 41:03
  Speaker 10: said Iranian army border units remained deployed and on constant
• 41:07
  Speaker 10: alert in various border areas. He said the forces were
• 41:10
  Speaker 10: prepared to counter potential threats and protect Iran's security and
• 41:13
  Speaker 10: territorial integrity. Iran's Central Military Command said it had received
• 41:17
  Speaker 10: information that the United States, with backing from some regional countries,
• 41:22
  Speaker 10: was preparing to resume actions against Iran. The military warned
• 41:25
  Speaker 10: that any U.S. attack would lead to sustained strikes against U.S.
• 41:29
  Speaker 10: bases and interests in the region. It also warned that
• 41:32
  Speaker 10: regional countries supporting what Iran described as U.S. aggression would
• 41:35
  Speaker 10: be considered parties to the conflict. The military did not
• 41:38
  Speaker 10: provide details about the information it said it had regarding
• 41:41
  Speaker 10: preparations for a possible U.S. attack. The warnings come amid
• 41:45
  Speaker 10: wider tensions in the region, following drone and missile attacks
• 41:48
  Speaker 10: on Saudi Arabia. Meanwhile, U.S. President Donald Trump has said
• 41:52
  Speaker 10: Yemen's Houthis have agreed not to attack the United States,
• 41:55
  Speaker 10: despite the group escalating its war against U.S. ally Saudi Arabia.
• 41:59
  Speaker 10: According to Fox News reporter Trey Yingst, who said he
• 42:02
  Speaker 10: had spoken with Trump, The U.S. president said Washington was
• 42:05
  Speaker 10: in constant communication with the Houthis and that they had
• 42:08
  Speaker 10: agreed not to fight the United States. Iranian officials also
• 42:12
  Speaker 10: continued to stress the country's preparedness. Deputy coordinator of the
• 42:15
  Speaker 10: Islamic Republic of Iran Army, Rear Admiral Habib Allah, said
• 42:19
  Speaker 10: Iran's enemies would have to leave the region after what
• 42:22
  Speaker 10: he described as disgrace and humiliation at the hands of
• 42:25
  Speaker 10: the Iranian armed forces. He also said the enemy had
• 42:28
  Speaker 10: sought to undermine Iran's national sovereignty and territorial integrity but
• 42:32
  Speaker 10: had failed because of what he described as the unity
• 42:34
  Speaker 10: of the Iranian people. Together, the statements reflect Iran's warnings
• 42:38
  Speaker 10: against any renewed U.S. military action, its stated readiness to respond,
• 42:43
  Speaker 10: and continued regional tensions involving Iran, the United States, Saudi Arabia,
• 42:48
  Speaker 10: and Yemen.
• 42:57
  Speaker 1: Now, with this being said, and the United States threatening
• 43:00
  Speaker 1: to attack Iran again, and then we're looking at an
• 43:04
  Speaker 1: article that came out March 23rd of this year, and
• 43:08
  Speaker 1: it says the Treasury just declared the U.S. solvent. You
• 43:12
  Speaker 1: missed it. And it says here, the U.S. government is
• 43:17
  Speaker 1: in trouble. It's the conclusion drawn directly from the Treasury's
• 43:22
  Speaker 1: Department-owned Consolidated Financial Statements for Fiscal Year 2025, released last
• 43:28
  Speaker 1: week to near total media silence. The numbers $ 600 million
• 43:33
  Speaker 1: in total assets against $ 47. 78 trillion in total liabilities as
• 43:37
  Speaker 1: of September 30, 2020. T-25. That is the case. And
• 43:50
  Speaker 1: we see that another war will send inflation through the roof.
• 43:55
  Speaker 1: Commodities will be scarce. Unemployment will grow. The United States
• 44:01
  Speaker 1: will lose her grip on the global economy by being
• 44:05
  Speaker 1: the world reserve currency. And we see that this will
• 44:08
  Speaker 1: cost even more money and that the United States will
• 44:10
  Speaker 1: have to borrow even more money and service the debt
• 44:13
  Speaker 1: with even more borrowing. How in the hell can they
• 44:17
  Speaker 1: get out of this catch-22? It seems like to me
• 44:20
  Speaker 1: they're in bizarro world And they're saying, hey, let's just
• 44:25
  Speaker 1: run through this wall. It doesn't matter that it's an
• 44:28
  Speaker 1: immovable wall. Let's just keep running up against it.
• 44:33
  Speaker 2: Yeah, because the Western elite that have been so used
• 44:37
  Speaker 2: to coasting on the power that was built up since,
• 44:47
  Speaker 2: you know, during this long period of Western domination of
• 44:53
  Speaker 2: the world, that they really think themselves invincible. They really
• 44:57
  Speaker 2: think that the Western domination will continue forever. And one
• 45:04
  Speaker 2: of the reasons they're panicking is because now they also
• 45:08
  Speaker 2: sense that this might be the beginning of an end.
• 45:11
  Speaker 2: And this is why they're fighting tooth and nail to
• 45:15
  Speaker 2: hold on to power. But it's not going to work.
• 45:18
  Speaker 2: This is not going to work. The more they struggle,
• 45:21
  Speaker 2: the more they lash out, it only makes the matter worse.
• 45:24
  Speaker 2: I mean, if you look at Donald Trump's presidency, ever
• 45:28
  Speaker 2: since Donald Trump became the president, like ever since he
• 45:31
  Speaker 2: got elected the first term, the second term. whatever Donald
• 45:36
  Speaker 2: Trump does, it makes the U.S. own position weaker and
• 45:40
  Speaker 2: weaker and it makes the matter worse and worse for
• 45:44
  Speaker 2: the U.S. geopolitical position in the world. So I don't
• 45:50
  Speaker 2: think that will change. I mean, this trend will only
• 45:54
  Speaker 2: continue to accelerate from now on.
• 45:58
  Speaker 1: You know, someone in the chat, I don't know who
• 46:00
  Speaker 1: it is, the thing went down real quick, but someone
• 46:03
  Speaker 1: in the chat says that Israel threatened Iran with the
• 46:08
  Speaker 1: use of nukes. But I saw the Chinese foreign ministry
• 46:14
  Speaker 1: and the Chinese foreign ministry warned Israel not to use
• 46:20
  Speaker 1: nukes or else. that they would pay an unbelievable price.
• 46:25
  Speaker 1: So I don't think that China's bluffed when it comes
• 46:30
  Speaker 1: to things like this. And I think that China conveyed
• 46:34
  Speaker 1: these strong words behind closed doors long before they said
• 46:40
  Speaker 1: it publicly, because they're very calculated in their foreign policy.
• 46:46
  Speaker 1: And I think that Israel may be, if they did
• 46:48
  Speaker 1: say that, Israel may be trying to test the water
• 46:51
  Speaker 1: to see if China will bag down. But I don't
• 46:54
  Speaker 1: think China will bag down on what they said. What
• 46:56
  Speaker 1: do you have to say about that, Carl?
• 46:57
  Speaker 2: Yeah, you know, China usually don't make statements like this
• 47:01
  Speaker 2: very lightly. You know, like they usually follow up on
• 47:06
  Speaker 2: what they say they will do. This is what happened
• 47:09
  Speaker 2: when China warned the United States against going past the
• 47:14
  Speaker 2: 38th parallel during the Korean War. The United States ignored
• 47:18
  Speaker 2: that warning and then China entered the war. China is
• 47:25
  Speaker 2: not like the United States. Whichever politician that beats their
• 47:31
  Speaker 2: chest the loudest gets elected. That's not how China works.
• 47:34
  Speaker 2: China normally prefers quiet diplomacy to work behind the scenes.
• 47:39
  Speaker 2: But if China were to make a definite statement, that
• 47:42
  Speaker 2: that means, you know, they do have plans to follow up. So, yeah.
• 47:50
  Speaker 1: I also want to play this clip and get your
• 47:52
  Speaker 1: take on this from the Army, former Army Air Force
• 47:57
  Speaker 1: secretary says about Pete Hickson.
• 48:02
  Speaker 11: Defense Secretary Pete Hegseth talked today about the state of
• 48:05
  Speaker 11: the U.S. fighting force on the same stage where a
• 48:07
  Speaker 11: year ago he called for things like no more beardos
• 48:10
  Speaker 11: or fat generals. Today's speech was similar in tone, but
• 48:13
  Speaker 11: came with another major cut to the ranks of U.S.
• 48:16
  Speaker 2: Admirals and generals as well.
• 48:18
  Speaker 11: Here's senior national security correspondent Charlie Daggett.
• 48:21
  Speaker 12: Defense Secretary Pete Hegseth began the day with what he
• 48:25
  Speaker 12: called PT at the Pentagon on the war path before
• 48:29
  Speaker 12: gutting one in five of America's most experienced generals and
• 48:33
  Speaker 12: admirals across the services.
• 48:36
  Speaker 2: The media calls that a purge. I call it accountability.
• 48:42
  Speaker 1: And long overdue.
• 48:44
  Speaker 12: Hegseth has previously pushed out nearly 20 senior officers, plus
• 48:48
  Speaker 12: the secretaries of the Army and Navy, and blocked several
• 48:52
  Speaker 12: women and minorities from being promoted. Former Air Force Secretary
• 48:56
  Speaker 12: Frank Kendall served under President Biden. He said it will
• 48:59
  Speaker 12: take a generation to recover from Hegseth's moves.
• 49:03
  Speaker 13: We don't have an excess of generals sitting around with
• 49:05
  Speaker 13: nothing to do, and we don't have overly inflated positions.
• 49:09
  Speaker 13: So what he's doing is a political stunt, frankly, that
• 49:12
  Speaker 13: is going to have very negative impact.
• 49:13
  Speaker 12: Hegseth boasted about ridding the Pentagon of what he called
• 49:17
  Speaker 12: woke culture.
• 49:18
  Speaker 1: No more diversity quotas.
• 49:20
  Speaker 2: No more gender pronouns, no more identity months.
• 49:24
  Speaker 8: Only the warrior ethos.
• 49:26
  Speaker 12: Hegsat's reshaping of the military has come at a time
• 49:29
  Speaker 12: when the country is at war with Iran, planning to
• 49:33
  Speaker 12: bulk up its presence in Europe and carrying out missions
• 49:37
  Speaker 12: in the Caribbean. Kendall said the challenges the U.S. military
• 49:40
  Speaker 12: faces right now require more than physical fitness and a
• 49:45
  Speaker 12: warrior ethos.
• 49:46
  Speaker 13: We're in an intellectual contest just as much as we
• 49:48
  Speaker 13: are in a physical contest for our adversaries. And we
• 49:51
  Speaker 13: need to emphasize that part of what the military does
• 49:53
  Speaker 13: just as much as the physical fitness side.
• 49:56
  Speaker 12: This comes on a day the U.S. military announced the
• 49:59
  Speaker 12: completion of a long-planned pullout of troops from Iraq more
• 50:02
  Speaker 12: than 20 years after the invasion of Iraq and ending
• 50:06
  Speaker 12: a 12-year military campaign against ISIS. But Iranian-backed militias in
• 50:11
  Speaker 12: Iraq are already celebrating what they see as a victory. Tony?
• 50:16
  Speaker 2: Charlie, thank you.
• 50:19
  Speaker 1: Carl, the floor is yours.
• 50:23
  Speaker 2: I mean, it's all about the framing. I want to
• 50:28
  Speaker 2: first say, talk about, you know, they talk about, oh,
• 50:31
  Speaker 2: Iranian-backed Iraqi militia, whatever. Yeah, why would they see this
• 50:37
  Speaker 2: as victory? They finally got the Americans out after 20 years.
• 50:43
  Speaker 2: And first of all, what the hell was American troops
• 50:46
  Speaker 2: still doing in Iraq? you know, this many years after
• 50:50
  Speaker 2: the Iraq, after we supposedly have pulled out, uh, you know,
• 50:55
  Speaker 2: after supposedly the end of the Iraq war, um, you know, the, the,
• 50:59
  Speaker 2: the Iraqi militia have everything to celebrate. You know, they
• 51:03
  Speaker 2: finally got these invaders out. I mean, that it is
• 51:06
  Speaker 2: their victory. And the thing with peak headset is he
• 51:12
  Speaker 2: was a Fox. He was a Fox news host. live
• 51:17
  Speaker 2: show host before his appointment as Secretary of War. And
• 51:25
  Speaker 2: him and Trump, the thing they know best is how
• 51:29
  Speaker 2: to create optics, how to distract the media with the
• 51:38
  Speaker 2: latest bling bling. And all this, what he's doing, he
• 51:43
  Speaker 2: is doing, again, a political stunt, He's doing it for
• 51:47
  Speaker 2: the optics, but it's not, again, it doesn't really do
• 51:53
  Speaker 2: anything for the actual effectiveness of the U.S. military, which
• 52:00
  Speaker 2: is fine, which is fine by me. I'm okay with
• 52:04
  Speaker 2: him degrading the U.S. military because him and Trump is
• 52:08
  Speaker 2: doing a great job at it. This is what I
• 52:10
  Speaker 2: was talking about earlier. The Trump administration, if anything, they're
• 52:16
  Speaker 2: accelerating the American imperial decline.
• 52:21
  Speaker 3: And the.
• 52:24
  Speaker 2: Whole, you know, like, you know, the whole pit heads
• 52:31
  Speaker 2: have emphasized on warrior ethos. Again, it's just for show. Like,
• 52:37
  Speaker 2: the modern world right now is fought with.
• 52:41
  Speaker 2: Drones with the with automatic targeting with satellites you know
• 52:47
  Speaker 2: these are the these these are very incredibly complex systems
• 52:52
  Speaker 2: that require certain level of expertise to operate um you
• 52:57
  Speaker 2: know like it's not it's not him just just like
• 53:01
  Speaker 2: you know uh yelling slogans and doing doing doing push-up
• 53:08
  Speaker 2: on on air i mean like Yeah, yeah. I mean,
• 53:11
  Speaker 2: of course, they need to know how to do push-ups.
• 53:15
  Speaker 2: But you know what Pete Hessef is doing? He's doing
• 53:19
  Speaker 2: to win points with Trump's political base. You know, this
• 53:26
  Speaker 2: has nothing to do with making U.S. military more effective,
• 53:33
  Speaker 2: which is fine by me. I'm okay. I'm okay to
• 53:37
  Speaker 2: sit here and watch them wrecking the U.S. empire.
• 53:40
  Speaker 1: It's great. You know, I was talking to someone. I
• 53:44
  Speaker 1: won't mention their name, but they have inside information. And
• 53:48
  Speaker 1: they were saying that China demonstrated something to the United States,
• 53:55
  Speaker 1: if you noticed, in Unreported, when the United States sent
• 53:58
  Speaker 1: a warship. I don't know if it was in the
• 53:59
  Speaker 1: South China Sea or somewhere in that area. But China
• 54:04
  Speaker 1: shut down, using some kind of electromagnetic pulse, shut down
• 54:08
  Speaker 1: a U.S.
• 54:09
  Speaker 5: Warship.
• 54:10
  Speaker 1: And it really panicked the U.S. They did not know
• 54:16
  Speaker 1: that China had that type of technology. And so now
• 54:22
  Speaker 1: they are demanding that China play fair. I'm serious. I'm
• 54:28
  Speaker 1: not making this up. They are demanding that China play
• 54:30
  Speaker 1: fair and does not employ those weapons, those secret weapons
• 54:36
  Speaker 1: that China has. How?
• 54:37
  Speaker 2: How?
• 54:39
  Speaker 1: Could you make heads or tails of this? Because it
• 54:41
  Speaker 1: seems like to me, as long as I have the advantage,
• 54:44
  Speaker 1: everything is cool. But when you have the advantage, you're
• 54:47
  Speaker 1: not playing fair and we have to rewrite the rules
• 54:49
  Speaker 1: and you can't use what you have against me because
• 54:53
  Speaker 1: that would unseat me as the top hegemon. I mean, Carl,
• 54:58
  Speaker 1: explain it to us, man, because it's just crazy.
• 55:02
  Speaker 2: I mean, this is how they always frame it, right? Like,
• 55:05
  Speaker 2: during the Korean War, it's like, it's not fair. The
• 55:08
  Speaker 2: Chinese sent millions of men against us. It's not fair.
• 55:12
  Speaker 2: You know, why don't they fight one-on-one? And then in
• 55:15
  Speaker 2: the Vietnam War, they're like, it's not fair. Those Vietnamese,
• 55:18
  Speaker 2: they don't come fight us face-to-face. They hide behind the
• 55:23
  Speaker 2: bushes and the jungle and the tunnels. You know, like,
• 55:25
  Speaker 2: it's not fair. look, the war is not about fighting
• 55:29
  Speaker 2: war is not about fighting fair. The fighting war is
• 55:31
  Speaker 2: about fighting to win. And if you're not smart enough
• 55:36
  Speaker 2: to fight our war that to win, I mean, it's
• 55:38
  Speaker 2: on you. And, and, and, and, and speaking of which, uh,
• 55:43
  Speaker 2: you know, us, us Navy is not even, even on
• 55:49
  Speaker 2: its own is, is having enough problems. I mean, like
• 55:52
  Speaker 2: not even talking about Persian golf, uh, A couple months ago,
• 55:57
  Speaker 2: there was a reporting of the U.S. missile destroyer in
• 56:01
  Speaker 2: South China Sea. They lost power and, you know, they
• 56:07
  Speaker 2: all the onboarding toilets stop working. Imagine stuck in a
• 56:13
  Speaker 2: sweltering heat of South China Sea with no AC, with
• 56:17
  Speaker 2: overflowing toilet. I mean, that's literal hell. But, you know,
• 56:23
  Speaker 2: that's the U.S. Navy for you. And this is a
• 56:26
  Speaker 2: Navy now that's been overstretched by its deployment to the
• 56:31
  Speaker 2: Persian Gulf. You know, a lot of sailors have been
• 56:34
  Speaker 2: have been on the ocean for almost an entire year now.
• 56:39
  Speaker 2: And this is why you have that, you know, people
• 56:43
  Speaker 2: from USS Lincoln literally jumping ships. Somehow these U.S. Washington
• 56:51
  Speaker 2: elites still have in their heads that somehow they're able
• 56:54
  Speaker 2: to fight a two-front war, you know, against powers in
• 57:00
  Speaker 2: Eurasian continent, you know, or Or somehow they're able to
• 57:04
  Speaker 2: even take on China. It's just ridiculous. And not to
• 57:10
  Speaker 2: mention the fact right now, you simply cannot fight a
• 57:13
  Speaker 2: modern war without Chinese supply chain. That's what the U.S.
• 57:20
  Speaker 2: military found out when China cut off the real earth supply.
• 57:24
  Speaker 2: You cannot fight a modern war without Chinese supply chain. Sorry,
• 57:29
  Speaker 2: that's just a fact.
• 57:33
  Speaker 1: You know, we're on this because in the last 20
• 57:35
  Speaker 1: or 30 minutes that we have, Carl, I want to
• 57:37
  Speaker 1: focus on this, specifically China. And I want to, in
• 57:43
  Speaker 1: the Asia Pacific area, because I know that is really
• 57:46
  Speaker 1: your expertise. And I want to read something to you.
• 57:50
  Speaker 1: And this is an article, but just like you say,
• 57:52
  Speaker 1: the way they present the article, everybody gloss over how
• 57:56
  Speaker 1: they present certain things. So I'm going to read something
• 57:57
  Speaker 1: for you for a This is an article that came
• 58:01
  Speaker 1: out October the 12th. U.S. and Japan agree to establish
• 58:05
  Speaker 1: a Japanese facility for joint missile production. And this is
• 58:09
  Speaker 1: what it says here. To demonize China, it says, The
• 58:13
  Speaker 1: United States and Japan have agreed to establish a Japanese
• 58:17
  Speaker 1: facility for the joint production of advanced medium-range air-to-air missiles,
• 58:22
  Speaker 1: which they already have that facility, I might add. But
• 58:26
  Speaker 1: it says, And the latest move by allies, which have
• 58:29
  Speaker 1: repeatedly expressed alarm over China's growing assertiveness in Asia. So
• 58:35
  Speaker 1: long as America was assertive, and long as America, which
• 58:40
  Speaker 1: does not reside in Asia, could deploy warships and troops everywhere,
• 58:45
  Speaker 1: that's fine. But if China exercises its sovereign right to
• 58:51
  Speaker 1: protect its waters, China is proven to be aggressive. Iran
• 58:56
  Speaker 1: is aggressive. And Iran did not strike America, but America
• 59:00
  Speaker 1: struck Iran. Russia is being aggressive in Ukraine when NATO
• 59:05
  Speaker 1: is— we all know that NATO had started that war and
• 59:10
  Speaker 1: then they're saying the Sahel nations in northern Africa are
• 59:13
  Speaker 1: being aggressive by trying to real certainty over colonial powers.
• 59:18
  Speaker 1: What have you to say about that, Carl?
• 59:22
  Speaker 2: That's the eternal framing from the Western media. It's always
• 59:27
  Speaker 2: 100% projection. Every accusation is a confession. But one of
• 59:34
  Speaker 2: the reasons they're doing this joint missile production facility in
• 59:38
  Speaker 2: Japan is the U.S. military industrial complex has given up.
• 59:45
  Speaker 2: manufacturing in America. They have hollowed out the manufacturing base
• 59:52
  Speaker 2: so much in the United States. Now they have to
• 59:55
  Speaker 2: rely on their so-called allies like Korea and Japan to
• 1:00:00
  Speaker 2: help them build warships and now even making joint missile
• 1:00:07
  Speaker 2: production facilities. Another thing they're trying to get around is
• 1:00:11
  Speaker 2: kind of the bottleneck imposed by the Chinese rare earth.
• 1:00:16
  Speaker 2: Because let's face it, if there's no Chinese rare earth,
• 1:00:19
  Speaker 2: they still can't make those missiles. So they still have
• 1:00:22
  Speaker 2: to get over that hurdle. You know, it's going to
• 1:00:25
  Speaker 2: take them, I mean, I guess it's doable, but it's
• 1:00:28
  Speaker 2: going to take them decades. It's going to be a
• 1:00:31
  Speaker 2: decade-long effort to build a China-independent supply chain for rare earth.
• 1:00:37
  Speaker 2: But I just don't see that happening because.
• 1:00:42
  Speaker 1: U.S.
• 1:00:42
  Speaker 2: Leadership, they don't plan for decades they plan for the
• 1:00:45
  Speaker 2: next election you know there's no way they're gonna they
• 1:00:50
  Speaker 2: have known this issue the dependency they have known the
• 1:00:53
  Speaker 2: dependency on the Chinese supply chain particularly on the rare
• 1:00:58
  Speaker 2: earth since early 2000 you know the US Congress have
• 1:01:03
  Speaker 2: complained about it but again nothing was done so I
• 1:01:07
  Speaker 2: don't expect them to succeed this time either because you
• 1:01:12
  Speaker 2: know like at the end of the day Right now,
• 1:01:15
  Speaker 2: you cannot have a modern civilization without Chinese supply chain.
• 1:01:24
  Speaker 2: That's just a fact. I mean, the idea is somehow
• 1:01:27
  Speaker 2: you're going to fight China when your war machines depend
• 1:01:32
  Speaker 2: on the Chinese supply chain. This is a ridiculous idea.
• 1:01:35
  Speaker 2: I mean, just look at what's happening over at Iran
• 1:01:39
  Speaker 2: right now. Mm-hmm.
• 1:01:43
  Speaker 1: I call it the crackhead syndrome, where the crackhead robs
• 1:01:46
  Speaker 1: his own dealer, and I think America is in that position.
• 1:01:51
  Speaker 1: I think America is in that position. But look, Carl,
• 1:01:54
  Speaker 1: think about this. Brooke Chen says, I think the U.S.
• 1:01:58
  Speaker 1: is still gearing up for a potential conflict with China,
• 1:02:01
  Speaker 1: even as it struggles in the Middle East. Brooke, let
• 1:02:04
  Speaker 1: me tell you, I don't think that it's a separate war.
• 1:02:09
  Speaker 1: I think that the United States... is waging war on
• 1:02:13
  Speaker 1: nations that trade with China or that could fall in
• 1:02:18
  Speaker 1: line with China's plan for the Belt and Road Initiative.
• 1:02:21
  Speaker 1: I think this is what is going on. They're taking
• 1:02:24
  Speaker 1: out the smaller or the weaker nations, and now they've
• 1:02:26
  Speaker 1: arrived at a middle power, which is Iran, and they're
• 1:02:29
  Speaker 1: finding out that it's more than what they thought it
• 1:02:32
  Speaker 1: would be. And so if they got Iran, think about it.
• 1:02:36
  Speaker 1: Lindsey Graham let the cat out of the bag. He
• 1:02:38
  Speaker 1: said before he passed away, before Russia killed him, he
• 1:02:43
  Speaker 1: said that if we got Venezuela and we got Iran,
• 1:02:48
  Speaker 1: we would be sitting on one-third of the world's oil
• 1:02:52
  Speaker 1: and gas supplies, which would always make the U.S. dollar relevant,
• 1:02:56
  Speaker 1: which means that the military machine could still go and
• 1:02:59
  Speaker 1: the United States could still export inflation and still push
• 1:03:04
  Speaker 1: towards encircling China. the two objects that they really are after,
• 1:03:09
  Speaker 1: and that is Russia and China. So all of this,
• 1:03:12
  Speaker 1: you can't see this as a separate war. All of
• 1:03:15
  Speaker 1: these are small battlefields toward a greater move towards China.
• 1:03:21
  Speaker 1: They see China as the most pressing threat because not
• 1:03:24
  Speaker 1: only has China the military assets to rebuff and even
• 1:03:28
  Speaker 1: go on the offense against the United States, but it
• 1:03:30
  Speaker 1: has the technological know-how, and above all, it has the military,
• 1:03:35
  Speaker 1: I mean, the economic capabilities and institutions that not only
• 1:03:40
  Speaker 1: can rival, but can supplant and surpass what we've known
• 1:03:44
  Speaker 1: in the Western world. And I believe this is why
• 1:03:46
  Speaker 1: the United States is so preoccupied with with China and
• 1:03:49
  Speaker 1: trying to keep Russia on the back burner with Ukraine
• 1:03:53
  Speaker 1: and Azerbaijan and the Baltics, because they want to keep
• 1:03:58
  Speaker 1: Russia preoccupied, keep China bogged down, and pretty much take Iran. And, Carl,
• 1:04:05
  Speaker 1: I don't know if you remember, but I know I
• 1:04:08
  Speaker 1: remember that Trump demanded that Afghanistan give them back the
• 1:04:12
  Speaker 1: Bagram Air Base. And Afghanistan, because they said that it
• 1:04:17
  Speaker 1: was U.S. property and it was close to the Chinese
• 1:04:22
  Speaker 1: border area where China does nuclear experiments and nuclear testing.
• 1:04:29
  Speaker 1: So I know you have something to say on these matters.
• 1:04:32
  Speaker 1: Go ahead. And while you're doing it, I'm going to
• 1:04:34
  Speaker 1: straighten my camera out and my mic real quick.
• 1:04:39
  Speaker 3: Yeah.
• 1:04:41
  Speaker 2: Actually, this is not even a conspiracy. Because even back
• 1:04:49
  Speaker 2: in the 2003 Iraq War, Alan Greenspan in his memoir
• 1:04:54
  Speaker 2: has pointed out the United States went into the Iraq
• 1:04:58
  Speaker 2: War with the explicit goal of controlling the oil flow
• 1:05:03
  Speaker 2: out of the Persian Gulf. Because at that time, they
• 1:05:07
  Speaker 2: noticed China has an increasing dependence on the oil export
• 1:05:13
  Speaker 2: out of the Persian Gulf. So the United States want
• 1:05:16
  Speaker 2: to have the ability to dictate where that oil flows.
• 1:05:22
  Speaker 2: According to Alan Greenspan, which I assume he is a
• 1:05:26
  Speaker 2: part of the inner circle, he said that was the U.S.
• 1:05:30
  Speaker 2: goal one of the U.S. main goal to invade Iraq.
• 1:05:36
  Speaker 2: It's able to dictate the oil flow and to have
• 1:05:39
  Speaker 2: a stranglehold on this very important energy source for China.
• 1:05:44
  Speaker 2: This was back in 2003. The thing is, all these
• 1:05:49
  Speaker 2: eggheads think they're all evil geniuses, like, you know, but
• 1:05:54
  Speaker 2: the problem is the implementation. You know, the Because they're
• 1:06:00
  Speaker 2: all idiots. And they all screw up on the implementation.
• 1:06:05
  Speaker 2: And if you look at the Iraq war, initially, it
• 1:06:09
  Speaker 2: looks like, yeah, they got Iraq. They got to control
• 1:06:12
  Speaker 2: the Iraq oil revenues, etc. And they canceled all the
• 1:06:19
  Speaker 2: Saddam era contract with China. But later, it turns out, um,
• 1:06:27
  Speaker 2: after the war is over, China came back, China came back.
• 1:06:31
  Speaker 2: And right now, uh, China is, is pumping oil out,
• 1:06:35
  Speaker 2: out of, uh, Iraqi oil fields again. So no matter
• 1:06:40
  Speaker 2: how they, they, they, they do this, uh, you know,
• 1:06:44
  Speaker 2: it's just like Afghanistan, you know, United States spent 20
• 1:06:48
  Speaker 2: years to replace a Taliban with Taliban. They, it, it,
• 1:06:53
  Speaker 2: it's just the, the, the, the, The implementation is poor.
• 1:06:58
  Speaker 2: And one reason the implementation is poor is because U.S.
• 1:07:03
  Speaker 2: is not a well oil machine. It's not a monolith.
• 1:07:07
  Speaker 2: You have to understand U.S. have all these special interest
• 1:07:11
  Speaker 2: groups fighting at the top for their share of the pie.
• 1:07:16
  Speaker 2: And because one other major driver to this imperialist intervention
• 1:07:25
  Speaker 2: of war is also to feed the military industrial machine,
• 1:07:31
  Speaker 2: feed the military industrial complex. Like Assange said, Afghanistan war
• 1:07:36
  Speaker 2: wasn't about winning Afghanistan war. It's about wash vast sum
• 1:07:40
  Speaker 2: of money from the tax bases of North America and
• 1:07:43
  Speaker 2: Europe into the pockets of a very small transnational security elite.
• 1:07:49
  Speaker 2: So that part, execution is done very well because all
• 1:07:54
  Speaker 2: these people, in the government at the top echelon, they
• 1:07:59
  Speaker 2: are very good about lining their own pocket. So whenever
• 1:08:03
  Speaker 2: it's about lining their own pockets and getting and continuing
• 1:08:09
  Speaker 2: to funnel money to the top 1%, they do that
• 1:08:12
  Speaker 2: very well. That's what the American system is designed to do.
• 1:08:17
  Speaker 2: It's not so good at pursuing this kind of grand
• 1:08:22
  Speaker 2: strategy type of things because they all eventually get distracted
• 1:08:28
  Speaker 2: by lining their own pockets. And this is why you
• 1:08:31
  Speaker 2: have the fiasco that was Iraq war, Afghanistan war, et cetera. So,
• 1:08:37
  Speaker 2: you know, I, that's why I have full confidence, have
• 1:08:42
  Speaker 2: full confidence in the United States government to screw up
• 1:08:46
  Speaker 2: whatever they plan to do.
• 1:08:50
  Speaker 1: Now, I want to, I want to show you something, um,
• 1:08:52
  Speaker 1: from the first Trump administration from 2017 to 2021. It says,
• 1:08:55
  Speaker 1: executive actions and measures The U.S.-China Economic and Security Review
• 1:09:02
  Speaker 1: Commission identified eight executive orders primarily targeting China, seven broad
• 1:09:08
  Speaker 1: executive orders affecting U.S.-China policy, and 116 specific Chinese-related measures
• 1:09:16
  Speaker 1: and actions across federal agencies. Now, This does not include
• 1:09:19
  Speaker 1: what they did in Hong Kong, but this is something.
• 1:09:22
  Speaker 1: So with that said, and then we go here, and
• 1:09:25
  Speaker 1: it says, during his first Donald J. Trump, the Trump
• 1:09:31
  Speaker 1: administration added 216 Chinese persons or individuals or entities, especially
• 1:09:37
  Speaker 1: designated nationals and bloc persons. List 259 Chinese persons to
• 1:09:45
  Speaker 1: the entity list now, according to analysis from the Center
• 1:09:49
  Speaker 1: for a New American Security. Now, I said that for this.
• 1:09:54
  Speaker 1: I want you to listen to how they complain about
• 1:10:00
  Speaker 1: China's retaliation.
• 1:10:04
  Speaker 2: The Treasury Secretary and the U.S.
• 1:10:06
  Speaker 11: Trade Representative, they were talking with their Chinese counterparts yesterday,
• 1:10:09
  Speaker 11: sending a warning to China.
• 1:10:11
  Speaker 7: Listen to this.
• 1:10:13
  Speaker 4: We expressed our concern that the rare earths are not
• 1:10:19
  Speaker 4: flowing as freely as they could, that they have taken
• 1:10:22
  Speaker 4: some measures that are detrimental to U.S. businesses. And we
• 1:10:27
  Speaker 4: said that if this continues, we will push back.
• 1:10:38
  Speaker 1: So nobody talked about them pushing forward. All they're screaming
• 1:10:41
  Speaker 1: about is pushing back. They initiate and then they're the victims.
• 1:10:46
  Speaker 1: And when they say that they must retaliate because you responded,
• 1:10:51
  Speaker 1: they're aggression, whether it's politically, militarily or through sanctions wise.
• 1:10:57
  Speaker 1: This is absolutely insane. And as I say, this can
• 1:11:00
  Speaker 1: only happen in a bizarro world.
• 1:11:04
  Speaker 2: This is the logic of bullies, right? I mean, and
• 1:11:06
  Speaker 2: there's only one effective way of dealing with bully. You
• 1:11:09
  Speaker 2: punch them in the nose. So they know to back off. Otherwise,
• 1:11:14
  Speaker 2: you know, they will keep on pressing on. And this
• 1:11:17
  Speaker 2: is what China did during the trade war. Sorry, no
• 1:11:21
  Speaker 2: rare earth for you. And, you know, what can I say?
• 1:11:23
  Speaker 2: And this is why U.S. has been complaining. Now, if
• 1:11:27
  Speaker 2: China want to destroy U.S. industry, you will you can
• 1:11:32
  Speaker 2: just cut off all rare earth because you need rare
• 1:11:34
  Speaker 2: earth to make special permanent magnets for, uh, for that
• 1:11:40
  Speaker 2: goes into cars and all machineries and everything. If China
• 1:11:44
  Speaker 2: really wanted to destroy the U S economy, they will
• 1:11:47
  Speaker 2: cut off all rare earth shipments. But right now they
• 1:11:51
  Speaker 2: only target the U S military industrial complex, right? I mean,
• 1:11:56
  Speaker 2: like they were panicking for a while because, uh, at first,
• 1:12:03
  Speaker 2: it looks like China was going to cut off all
• 1:12:05
  Speaker 2: rare earths shipment. And that means all the Detroit automakers,
• 1:12:10
  Speaker 2: they will have to stop their car production within a
• 1:12:13
  Speaker 2: month because they don't have much supply left. But later,
• 1:12:18
  Speaker 2: China clarified it was only against targeting U.S. military industrial complex.
• 1:12:24
  Speaker 2: So China is actually allowing the U.S. normal economic activity
• 1:12:29
  Speaker 2: in the United States to continue or the civilian production
• 1:12:33
  Speaker 2: to continue. But sorry, no more rare earth for F-35s,
• 1:12:38
  Speaker 2: no more rare earth for Tomahawk missiles, no more rare
• 1:12:41
  Speaker 2: earth for missile interceptors. Why would China supply rare earth
• 1:12:47
  Speaker 2: for you to do that? Because you know, while United
• 1:12:50
  Speaker 2: States planning to sell $ 14 billion worth of weapons to Taiwan,
• 1:12:55
  Speaker 2: you know, a lot of these weapons needs rare earth.
• 1:12:59
  Speaker 2: Why would China sell you, give you stuff to make
• 1:13:02
  Speaker 2: weapons against China? It just does not make sense. So, uh,
• 1:13:06
  Speaker 2: I mean, tough, it's tough. Like you, you, you, you, you,
• 1:13:10
  Speaker 2: you find a way to deal with your own problems.
• 1:13:13
  Speaker 1: And, um, right here it says, um, China controls a dominant,
• 1:13:19
  Speaker 1: meaning 90 plus percent of the world's share of global
• 1:13:23
  Speaker 1: rare earth minerals. It dominates the production of key antibiotics
• 1:13:28
  Speaker 1: and ibuprofen. And don't forget that the other major player
• 1:13:32
  Speaker 1: in antibiotics in medicine is India. And they get the
• 1:13:36
  Speaker 1: raw materials from China to produce the medicines for the West.
• 1:13:41
  Speaker 1: And a lot of people don't know that. So China
• 1:13:44
  Speaker 1: has a grip on that also. And it says, and
• 1:13:47
  Speaker 1: it holds hundreds of billions of dollars in treasury bonds.
• 1:13:50
  Speaker 1: But here is something that I wanted to put on
• 1:13:55
  Speaker 1: top of it. Now, China has a lot of cards
• 1:14:01
  Speaker 1: to play. This is what came out. It says, U.S.
• 1:14:07
  Speaker 1: Army outlines Pacific deployments for possible 2027 China-Taiwan conflict. And
• 1:14:14
  Speaker 1: this comes from the Taipei Times. And it says... The U.S.
• 1:14:20
  Speaker 1: military has placed equipment, materiel, and personnel on the islands
• 1:14:26
  Speaker 1: near China, a U.S. officer said while warning about the
• 1:14:31
  Speaker 1: threat from China. Now, they're placing weapons on what is
• 1:14:35
  Speaker 1: recognized by the United States as Chinese territory while warning
• 1:14:40
  Speaker 1: that China is a threat. We'll go further. It says,
• 1:14:44
  Speaker 1: The U.S. Army Pacific is deploying forces and equipment across
• 1:14:50
  Speaker 1: the region based on the assumption that Beijing could possess
• 1:14:57
  Speaker 1: the military capability and the intent to invade Taiwan by
• 1:15:01
  Speaker 1: next year, a top U.S. commander said on Tuesday. Speaking
• 1:15:04
  Speaker 1: at the TechNet Indo-Pacific Conference in Honolulu, U.S. General Ronald
• 1:15:11
  Speaker 1: Clark said that the threat posed by the so-called Davidson
• 1:15:16
  Speaker 1: window is still valid.
• 1:15:18
  Speaker 12: A U.S.
• 1:15:18
  Speaker 1: Military newspaper Stars and Stripes reported on Wednesday. Now, I'm
• 1:15:24
  Speaker 1: not the sharpest knife in the drawer, but how in
• 1:15:27
  Speaker 1: the hell can China invade China? The United States recognizes
• 1:15:32
  Speaker 1: the province of Taiwan as or Chinese Taipei to be
• 1:15:36
  Speaker 1: part of one China. So that is just like you
• 1:15:41
  Speaker 1: saying that the United States is invading Washington, D.C., or
• 1:15:46
  Speaker 1: the United States is invading New York City. How in
• 1:15:50
  Speaker 1: the hell can they come up with these scenarios in
• 1:15:54
  Speaker 1: their head and the news media go forward with them
• 1:15:57
  Speaker 1: and nobody questions them?
• 1:16:01
  Speaker 2: And you know what? They have been saying this forever.
• 1:16:04
  Speaker 2: Back in 2025, they predicted China is going to militarily
• 1:16:10
  Speaker 2: take over Taiwan in two years. That was 2025. They
• 1:16:13
  Speaker 2: said that in 2023. Sorry, they say it's going to
• 1:16:15
  Speaker 2: happen in two years. That's 2025. And 2025 gone by
• 1:16:17
  Speaker 2: and now they say 2027. Like, what the heck? Okay,
• 1:16:19
  Speaker 2: so this is my prediction. By the time 2027 rolls
• 1:16:20
  Speaker 2: around and no war in Taiwan straight. And they're going
• 1:16:32
  Speaker 2: to say, oh, look, because the United States, we put
• 1:16:36
  Speaker 2: a strong effort in supporting Taiwan. We are able to
• 1:16:39
  Speaker 2: deter Chinese aggression from happening. This is exactly type of,
• 1:16:44
  Speaker 2: I predict that will be the framing next year. Well,
• 1:16:48
  Speaker 2: you know, because this is getting ridiculous now. I mean,
• 1:16:51
  Speaker 2: like 2027 is just around the corner. There's no indication
• 1:16:56
  Speaker 2: that I mean, first of all, if you go ask
• 1:16:59
  Speaker 2: people actually living in Taiwan, none of them are worried.
• 1:17:03
  Speaker 2: They're not worried about war breaking out. It's all the
• 1:17:08
  Speaker 2: English language media are saying, oh, the Taiwan Strait is
• 1:17:11
  Speaker 2: now the most dangerous place in the world. Like, but
• 1:17:14
  Speaker 2: if you ask people on both sides of Taiwan Strait,
• 1:17:17
  Speaker 2: they're like, what? What do you mean? And like, again,
• 1:17:22
  Speaker 2: this is just fear mongering. This is fear mongering so
• 1:17:25
  Speaker 2: they can create tension so they can justify increased military
• 1:17:30
  Speaker 2: spending while the inflation is ravaging the economy. They say, well,
• 1:17:37
  Speaker 2: we need $ 1. 5 trillion for the military budget because China
• 1:17:42
  Speaker 2: might do something next year. Ridiculous, completely ridiculous. I predict,
• 1:17:49
  Speaker 2: I stand my prediction. Next year, there's going to be
• 1:17:52
  Speaker 2: a lot of articles saying, Because Pete Hedgehog did such
• 1:17:55
  Speaker 2: a great job deterring China. That's why China had to
• 1:17:58
  Speaker 2: delay their plans for Taiwan in 2027.
• 1:18:04
  Speaker 1: You know, also, what is China's thought on the United
• 1:18:08
  Speaker 1: States trying to put pressure on South Korea because that
• 1:18:16
  Speaker 1: is close to China and the United States wants to
• 1:18:19
  Speaker 1: militarize it and have that as a option against China,
• 1:18:24
  Speaker 1: and China would destroy that island if the United States
• 1:18:28
  Speaker 1: tried to wage war from that small island.
• 1:18:33
  Speaker 2: Yeah, because right now, the U.S. also realized that its
• 1:18:38
  Speaker 2: forward position against China is untenable. Right now, there's a
• 1:18:47
  Speaker 2: lot of U.S. Marines stationed in Okinawa. And they realize
• 1:18:52
  Speaker 2: that if the war were to break out, that base
• 1:18:56
  Speaker 2: will be wiped out in the first hour of the war.
• 1:19:00
  Speaker 2: So now the strategy is to create multiple U.S. bases.
• 1:19:06
  Speaker 2: So there's more target to absorb the Chinese missile attack.
• 1:19:13
  Speaker 2: And of course, all these U.S. bases will be in
• 1:19:17
  Speaker 2: the so-called U.S. partner countries. You will be in Korea,
• 1:19:21
  Speaker 2: you'll be in Australia. Their role is to serve as
• 1:19:25
  Speaker 2: a missile sponge to take on the Chinese missiles so
• 1:19:29
  Speaker 2: there will be less missiles for U.S. Navy. That is
• 1:19:34
  Speaker 2: their whole purpose. This is why South Korea is not
• 1:19:38
  Speaker 2: very excited for this plan. They don't want to volunteer
• 1:19:42
  Speaker 2: to be on the target list. The current South Korean president,
• 1:19:48
  Speaker 2: Lee Jae-myung, before he became president, he has said, look,
• 1:19:53
  Speaker 2: we are Korea. Taiwan is not our problem, right? We
• 1:19:59
  Speaker 2: have no problem with mainland China or Taiwan. This is
• 1:20:03
  Speaker 2: not our problem. We should stay out of it. But
• 1:20:07
  Speaker 2: for the United States, that's unacceptable. That means you are pro-China,
• 1:20:12
  Speaker 2: if you say that, even though he's just been pro-Korea,
• 1:20:16
  Speaker 2: which is a very sensible position. Why South Korea needs
• 1:20:19
  Speaker 2: to get involved in a war that it's none of
• 1:20:22
  Speaker 2: his business. And, and, and this is why, uh, uh,
• 1:20:26
  Speaker 2: us is right now putting a lot of, uh, uh,
• 1:20:30
  Speaker 2: putting a lot of resources to sponsors, uh, the South
• 1:20:34
  Speaker 2: Korean right wing parties, you know, the, the, now they're
• 1:20:37
  Speaker 2: spreading the, the, I, uh, it's funny. I was in
• 1:20:40
  Speaker 2: South Korea, uh, um, a few weeks ago, like last week. And, uh,
• 1:20:46
  Speaker 2: it turns out this, so apparently the South Korean right wingers, they,
• 1:20:51
  Speaker 2: They don't call their president Lee Jae-myung by the Korean
• 1:20:56
  Speaker 2: pronunciation of his name, which is Lee Jae-myung. They call
• 1:20:59
  Speaker 2: him by the Chinese pronunciation of his name, Lee Zai-min,
• 1:21:03
  Speaker 2: because they believe he's a Chinese puppet. And if you.
• 1:21:07
  Speaker 1: Look at.
• 1:21:09
  Speaker 2: All the demonstrations of the South Korean right-wing protests, they're waived.
• 1:21:17
  Speaker 2: They have a little bit of South Korean flag, but
• 1:21:19
  Speaker 2: they have a lot of American flags. Like, why are
• 1:21:22
  Speaker 2: you waving American flag in a protest in South Korea?
• 1:21:26
  Speaker 2: I mean, these guys are just a bunch of stooges.
• 1:21:28
  Speaker 2: It's so obvious. But they are getting a lot of
• 1:21:33
  Speaker 2: support from the United States, of course. Just because the
• 1:21:39
  Speaker 2: current president is not interested in getting into a war
• 1:21:43
  Speaker 2: on behalf of the United States. You know, it is
• 1:21:46
  Speaker 2: what it is.
• 1:21:48
  Speaker 1: And he also said, because I was Googling this, I
• 1:21:52
  Speaker 1: put in keywords for those who put South Korean president
• 1:21:55
  Speaker 1: wants war control. South Korean police, I'm missing his name up.
• 1:22:04
  Speaker 1: is pushing to reclaim war operational control from the United
• 1:22:08
  Speaker 1: States by 2028. People don't realize that the United States
• 1:22:13
  Speaker 1: still has operational control over the South Korean military. And
• 1:22:19
  Speaker 1: it's the same as with Japan.
• 1:22:25
  Speaker 2: In a time of war, a U.S. general will be
• 1:22:28
  Speaker 2: in command of all the militaries in South Korea, including
• 1:22:32
  Speaker 2: all the South Korean military forces. That's a legacy of
• 1:22:36
  Speaker 2: the Cold War and the Korean War. But South Korea,
• 1:22:42
  Speaker 2: at least they now have, they're a little bit better
• 1:22:45
  Speaker 2: than Japan now because now if U.S. military personnel commit
• 1:22:51
  Speaker 2: a crime in South Korea, now they have to stand
• 1:22:54
  Speaker 2: trial in South Korean courts, which is not the case
• 1:22:57
  Speaker 2: in Japan. You know, recently we have another rape and
• 1:23:00
  Speaker 2: murder case in Okinawa, which happens every once in a
• 1:23:04
  Speaker 2: while by, you know, by the U S military. But,
• 1:23:07
  Speaker 2: but the, in case of Japan, it's, it's up to
• 1:23:11
  Speaker 2: the U S military to prosecute its own soldiers. The
• 1:23:14
  Speaker 2: Japanese courts have no jurisdiction. Um, So this is one
• 1:23:19
  Speaker 2: of the sore points, particularly in Okinawa, against the U.S.
• 1:23:25
  Speaker 2: military presence. Because these U.S. military guys have been raping
• 1:23:29
  Speaker 2: the local population for like the last 80 years with impunity.
• 1:23:36
  Speaker 2: And the Okinawans, they want the U.S. military base out.
• 1:23:40
  Speaker 2: Because not only did they make Okinawa a target in
• 1:23:43
  Speaker 2: time of war, but in time of peace, these U.S.
• 1:23:47
  Speaker 2: military personnel, you know, commit crimes against locals and they're
• 1:23:51
  Speaker 2: not answerable to the local laws. And so, you know, anyway,
• 1:23:57
  Speaker 2: so in terms of South Korea, though, U.S. do not
• 1:24:01
  Speaker 2: like this kind of assertion of independence. They didn't like
• 1:24:05
  Speaker 2: it when like... South Korea proposed to take back their
• 1:24:10
  Speaker 2: operational control of their own military. You're getting a little
• 1:24:15
  Speaker 2: too upty. You're getting a little too independent. Who do
• 1:24:17
  Speaker 2: you think you are? An independent country?
• 1:24:20
  Speaker 4: Yeah.
• 1:24:21
  Speaker 1: But do you remember that happened a few years ago
• 1:24:24
  Speaker 1: with Japan? I forget the prime minister's name, but he
• 1:24:27
  Speaker 1: was on RT. This was before they put the whole
• 1:24:30
  Speaker 1: media ban on RT. And he said that China and
• 1:24:34
  Speaker 1: Japan have a lot in common, and they can work together,
• 1:24:37
  Speaker 1: and they should work together. And he said China and
• 1:24:40
  Speaker 1: Japan have been trying to work together, and they would
• 1:24:42
  Speaker 1: have good relations if the United States stays out of it.
• 1:24:45
  Speaker 1: And he said that he was trying to direct that
• 1:24:49
  Speaker 1: Japan and China to have great relations with And he
• 1:24:52
  Speaker 1: said that the United States came to him and told
• 1:24:55
  Speaker 1: him that if they allowed for good relations with China,
• 1:24:58
  Speaker 1: that they would take the whole of Okinawa from Japan.
• 1:25:03
  Speaker 1: This is what a Japanese prime minister said that the
• 1:25:06
  Speaker 1: United States threatened him with.
• 1:25:09
  Speaker 2: Guess what, Rashid? That guy is no longer the prime
• 1:25:12
  Speaker 2: minister of Japan. You don't stay long. You don't stay
• 1:25:19
  Speaker 2: long in your post as Prime Minister of Japan if
• 1:25:22
  Speaker 2: you say anything bad about the United States. You go
• 1:25:26
  Speaker 2: against the U.S. interest. And right now, the current Japanese
• 1:25:31
  Speaker 2: Prime Minister, Sanae Takeuchi, she's all gung-ho about pushing the U.S.-Japan
• 1:25:40
  Speaker 2: military alliance against China. This is why you know, she
• 1:25:45
  Speaker 2: enjoys the U.S. support. Japanese prime minister come and go, but,
• 1:25:50
  Speaker 2: you know, if you, any moment you deviate from the
• 1:25:54
  Speaker 2: party line, which is the U.S., you know, the U.S. line,
• 1:25:59
  Speaker 2: you are gone. Sorry. That's just, that's just, that's just
• 1:26:02
  Speaker 2: how it works.
• 1:26:04
  Speaker 1: But now the United States is losing their power. And
• 1:26:06
  Speaker 1: I know the time is of the essence, but Carl,
• 1:26:09
  Speaker 1: in closing, because you are not going to do this
• 1:26:11
  Speaker 1: again very soon. Carl, I know you have something to
• 1:26:15
  Speaker 1: say to the people that are watching the floor.
• 1:26:20
  Speaker 2: Well, I mean, people, guys, people, you just have to
• 1:26:23
  Speaker 2: be patient. I know a lot of them, a lot
• 1:26:25
  Speaker 2: of you can't wait for the collapse of the U
• 1:26:27
  Speaker 2: S empire. Uh, you know, it's, it's going to happen. It's,
• 1:26:30
  Speaker 2: it's not if it's just when, you know, it's not
• 1:26:33
  Speaker 2: going to collapsing at the rate at a fast rate
• 1:26:37
  Speaker 2: that will please everyone. But it's going to happen regardless.
• 1:26:42
  Speaker 2: You know, like right now, you just take the time
• 1:26:45
  Speaker 2: to protect yourself and your family. Make sure they will
• 1:26:48
  Speaker 2: be okay. And then enjoy. Sit back. Sit back and
• 1:26:51
  Speaker 2: enjoy and laugh about it. That's all we can do.
• 1:26:56
  Speaker 1: Yeah. Thank you, Carl, my friend, for joining me again
• 1:26:59
  Speaker 1: on the platform. We got to get you back on
• 1:27:01
  Speaker 1: here so we can do another one. Man, you know
• 1:27:03
  Speaker 1: how we do this. The War Report featuring Carl. Thank
• 1:27:06
  Speaker 1: you so much, my friend.
• 1:27:09
  Speaker 2: For sure. Bye bye.
• 1:27:10
  Speaker 1: All right. All right. Bye bye. Everybody listen. Smash the
• 1:27:15
  Speaker 1: like button. If you have subscribed, please, because YouTube has
• 1:27:20
  Speaker 1: been unsubscribing people. If you haven't subscribed, would you please
• 1:27:23
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• 1:27:28
  Speaker 1: and join all of the platforms that we have. It
• 1:27:30
  Speaker 1: would really be appreciated.