Latest / Breaking Points with Krystal and Saagar / 9/3/26: Iran Lights Up Middle East, Holland Pulls Gold From US, German Power Plant Sabotage
Transcript
- 0:00Speaker 1: Hey guys, Sagar and Crystal here.
- 0:01Speaker 2: Independent media just played a truly massive role in this election,
- 0:05Speaker 2: and we are so excited about what that means for
- 0:07Speaker 2: the future of this show.
- 0:08Speaker 3: This is the only place where you can find honest
- 0:10Speaker 3: perspectives from the left and the right that simply does
- 0:13Speaker 3: not exist anywhere else.
- 0:14Speaker 2: So if that is something that's important to you, please
- 0:17Speaker 2: go to breakingpoints.com, become a member today, and you'll get
- 0:20Speaker 2: access to our full shows, unedited, ad-free, and all put
- 0:23Speaker 2: together for you every morning in your inbox.
- 0:25Speaker 3: We need your help to build the future of independent
- 0:27Speaker 3: news media, and we hope to see you at breakingpoints.com.
- 0:34Speaker 1: Good morning, everybody.
- 0:35Speaker 3: Happy Thursday.
- 0:35Speaker 1: Have an amazing show for everybody today. What do we have, Crystal?
- 0:37Speaker 4: Indeed we do. New Iran attacks overnight. Will the U.S. respond?
- 0:42Speaker 4: We are waiting to see.
- 0:43Speaker 2: The Dutch have decided they cannot trust us any longer
- 0:45Speaker 2: with their gold, and they are pulling that gold out
- 0:47Speaker 2: of the New York Federal Reserve.
- 0:49Speaker 4: So that's kind of interesting.
- 0:50Speaker 2: Is Russia conducting a gray war in Europe of sabotage
- 0:54Speaker 2: and chaos? This comes as two German electricity generating facilities
- 0:58Speaker 2: were compromised. Fame prognosticator Charlie Cook says Republicans are facing
- 1:03Speaker 2: a true nightmare scenario. How bad could it get? And also,
- 1:07Speaker 2: Trump has decided to jump into the midterms. He's doing
- 1:10Speaker 2: his whole convention. Other Republicans don't want to come. He's
- 1:12Speaker 2: also up on the airwaves with an ad just about himself,
- 1:15Speaker 2: thinking that that is going to be good for Republicans.
- 1:17Speaker 4: Yeah, at a time when he has like a 32
- 1:19Speaker 4: percent approval rating.
- 1:20Speaker 1: That ought to do it.
- 1:21Speaker 2: Meanwhile, on the AI front, we've got a lot to
- 1:23Speaker 2: cover here. An open AI executive and former Trump admin
- 1:27Speaker 2: official is admitting that he has been downplaying some of
- 1:30Speaker 2: the risks of AI and pledges now to come clean
- 1:33Speaker 2: amidst some very concerning warnings.
- 1:36Speaker 4: And Tucker.
- 1:37Speaker 2: Low-key backs Abdul El-Sayed over Mike Rogers in his new
- 1:40Speaker 2: interview with our own Sagar and Jetty, and right-wing Republican
- 1:44Speaker 2: world is completely melting down over it.
- 1:46Speaker 1: Yeah, that's right.
- 1:47Speaker 3: We'll play it for you for the clip, and we'll
- 1:49Speaker 3: show you some of the reaction. I think the full
- 1:51Speaker 3: episode is out on Tucker's show. It'll probably be available
- 1:53Speaker 3: on our platform soon when they send us the collaboration link.
- 1:56Speaker 3: Thank you to everybody who has been subscribing to the show, breakingpoints.com,
- 1:59Speaker 3: and taking advantage of their free trial. Now, I'm personally
- 2:02Speaker 3: having a bit of a crisis. I've been doing this
- 2:04Speaker 3: pitch here at Crystal. We've been trying to very hard.
- 2:06Speaker 3: We've been trying to get all these people to sign up.
- 2:08Speaker 3: Ryan gives the most half-assed pitch of all time and
- 2:13Speaker 3: shatters the all-time record. So.
- 2:16Speaker 1: I don't know what to do with that.
- 2:18Speaker 3: I'm just going to say go ahead and sign up
- 2:20Speaker 3: or just go listen to Ryan's pitch and listen to that. But, yeah,
- 2:23Speaker 3: you know, I'm just going to start borrowing from him.
- 2:25Speaker 3: I'll be like, I guess we'll ramble less or whatever.
- 2:28Speaker 3: So breakingpoints.com.
- 2:30Speaker 1: There you go. All right.
- 2:31Speaker 4: Ryan loves to use, like, low-key threats.
- 2:33Speaker 1: Yeah.
- 2:33Speaker 4: He's like, I'll do a calciad. Yeah, I know. I'll
- 2:37Speaker 4: do him. Don't make me. We'll do it unless you
- 2:40Speaker 4: sign up.
- 2:40Speaker 1: Maybe that's what we should do. I don't know. Yeah, breakingvoice.com.
- 2:43Speaker 1: All right, I'm just going to do the same nonchalance
- 2:46Speaker 1: as Ryan Grim. Breakingvoice.com, take advantage.
- 2:48Speaker 4: I guess.
- 2:49Speaker 3: YouTube, by the way, if you're watching this on YouTube,
- 2:52Speaker 3: please hit subscribe to our YouTube channel or don't, whatever.
- 2:55Speaker 3: Borrowing from Ryan, if you're listening to this podcast, share
- 2:58Speaker 3: an episode with a friend or don't. As Crystal said,
- 3:01Speaker 3: we're going to go ahead and start with the situation
- 3:03Speaker 3: in Iran. So first we're going to start with some
- 3:05Speaker 3: of the major overnight events activity. A9, please, we'll put
- 3:08Speaker 3: it up here on the screen. Kuwait reporting that there
- 3:11Speaker 3: were some hostile drones and missiles that actually attacked them
- 3:15Speaker 3: last night. This is extremely noteworthy because it did not
- 3:18Speaker 3: come in direct response to any new round of U.S.
- 3:21Speaker 3: strikes in the Strait of Hormuz. You also had a
- 3:24Speaker 3: new declaration from Iran. Let's put A8 on the screen.
- 3:28Speaker 3: Iran has warned the United States against an Israeli attack
- 3:32Speaker 3: on the in the early days of all the discussion
- 3:38Speaker 3: around the ceasefire, the number one sticking point was Israeli
- 3:41Speaker 3: aggression and continued occupation of Lebanon. And so Iran is
- 3:46Speaker 3: returning to many of the red lines that it had
- 3:49Speaker 3: set in that original ceasefire and memorandum of understanding, say
- 3:52Speaker 3: that there needs to be a complete stop to any
- 3:55Speaker 3: Israeli occupation and continued moving forward in Lebanon. So Iran's
- 4:00Speaker 3: dual threat here of attacking the bases is issuing warnings
- 4:04Speaker 3: against Israeli potential aggression here in Lebanon. Put those two
- 4:08Speaker 3: together and you actually see a much more, I would say,
- 4:12Speaker 3: strategically offensive Iran than you would have previously. This definitely
- 4:16Speaker 3: also comes on the heels of, what, 30 days of
- 4:19Speaker 3: no strikes between the United States, or at least from
- 4:22Speaker 3: the United States side. There have been a few attacks
- 4:24Speaker 3: in the Strait of Hormuz. Those attacks have skyrocketed now
- 4:27Speaker 3: in the last 24 to 48 hours.
- 4:28Speaker 1: The continued attacks on the bases.
- 4:32Speaker 3: Many of these attacks included much more sophisticated missiles that
- 4:35Speaker 3: were used to hit U.S. bases, not just in Kuwait,
- 4:38Speaker 3: but also in Jordan. We know, at least from some
- 4:41Speaker 3: of the satellite imagery, that some damage was made despite U.S.
- 4:44Speaker 3: claims on the base in Jordan. Not a surprise, considering
- 4:47Speaker 3: that U.S. soldiers had been killed there previously. But I
- 4:50Speaker 3: think that you could put all this together.
- 4:51Speaker 1: We're entering.
- 4:52Speaker 3: not a new phase of the war, but a more
- 4:54Speaker 3: heightened return to where things previously had been. And the
- 4:57Speaker 3: United States finding itself in a vice with Trump, apparently
- 5:00Speaker 3: this morning, musing to his advisers saying, hey, maybe we'll
- 5:04Speaker 3: just declare victory and move on.
- 5:06Speaker 1: You're like, well, you could try.
- 5:07Speaker 3: But as long as you're going to keep that blockade on,
- 5:09Speaker 3: we're all in this together. And Iran gets a vote
- 5:11Speaker 3: in this war, too.
- 5:12Speaker 2: Yeah, they're saying they may declare that the Iran war
- 5:14Speaker 2: is over, even as you know, I mean, even just
- 5:17Speaker 2: a blockade is an act of war. So it is
- 5:19Speaker 2: ridiculous to imagine that this thing is anywhere close to over. Unfortunately,
- 5:24Speaker 2: Iran is claiming they struck not only Kuwait, but UAE yesterday.
- 5:28Speaker 2: They are saying that they targeted communications, aircraft hangars, troop
- 5:31Speaker 2: areas and radar systems. They say they caused damage to
- 5:34Speaker 2: communications equipment and hangars.
- 5:36Speaker 4: You know, the U.S.
- 5:37Speaker 2: Hasn't said anything about these attacks, so we have no
- 5:39Speaker 2: official confirmation. It's still too early to have gathered satellite
- 5:42Speaker 2: data and have any sort of confirmation just based on visuals.
- 5:46Speaker 2: So still waiting on that. However, it is noteworthy that
- 5:50Speaker 2: you had the U.S. engaging in this tit for tat approach.
- 5:54Speaker 2: Iran seems to be going beyond that. Previously, it appeared
- 5:59Speaker 2: that maybe they would just respond in kind and try
- 6:01Speaker 2: to keep things limited as well. That was a strategy
- 6:04Speaker 2: that I think is relatively confusing, given their assessment and
- 6:07Speaker 2: what it appears to be the case is that the
- 6:09Speaker 2: Trump administration wants to continue to squeeze Iran, but to
- 6:13Speaker 2: be able to put this conflict on the back burner
- 6:15Speaker 2: going into the midterm elections. And then the expectation is
- 6:18Speaker 2: that the US may go back to a more forthright
- 6:21Speaker 2: war footing after the midterm elections. If you're Iran, why
- 6:25Speaker 2: would you just sit back And allow the U.S. to
- 6:28Speaker 2: dictate the pace. Why would you play into their hands
- 6:32Speaker 2: and let Trump and his administration move things forward at
- 6:36Speaker 2: the pace that is convenient for them? So it would
- 6:39Speaker 2: not be surprising at all if Iran is taking more
- 6:42Speaker 2: initiative here. Like I said, still early indications, but we
- 6:45Speaker 2: will see. I was listening to Professor John Mearsheimer this morning,
- 6:49Speaker 2: and he says, yes, of course, the Iranian economy is hurting. Yes,
- 6:53Speaker 2: there's gas lines. You see these sorts of things. He
- 6:55Speaker 2: was speaking to a friend in Iran who was a
- 6:57Speaker 2: relatively moderate individual who said, I'm kind of surprised how
- 7:01Speaker 2: much damage they were able in the short term. to
- 7:03Speaker 2: do to the civilian economy. However, the Iranians have been
- 7:07Speaker 2: able to stockpile because of the early days of the
- 7:09Speaker 2: war when they were selling oil like gangbusters at our behest.
- 7:13Speaker 2: They were able to stockpile enough revenue to last them
- 7:16Speaker 2: through March. That's a long time from now. So the
- 7:20Speaker 2: idea that the Iranian regime is close to collapse, there's
- 7:23Speaker 2: really no signs of that.
- 7:24Speaker 4: Is there economic stress? Yes. Can you always predict the future? No,
- 7:27Speaker 4: of course not.
- 7:28Speaker 2: But we've been trying to squeeze Iran economically out of
- 7:31Speaker 2: existence and cause this regime to crumble for decades. And
- 7:35Speaker 2: in the past several years, of course, we have upped
- 7:37Speaker 2: the ante on that front. It hasn't worked yet.
- 7:41Speaker 4: And yet we're.
- 7:42Speaker 2: Supposed to believe this fiction that, oh, they're just about
- 7:45Speaker 2: to crumble.
- 7:45Speaker 4: This time it will be different. This time the.
- 7:47Speaker 3: Whole thing is going to And it presumes that Iran
- 7:49Speaker 3: stands alone, which it doesn't. We're going to cover in
- 7:52Speaker 3: our next block, the SCO, the Shanghai Cooperation Organization statement,
- 7:55Speaker 3: specifically condemning the United States was signed on to by India,
- 7:59Speaker 3: by China and by Russia. So you have three, at
- 8:01Speaker 3: least two global quasi superpowers or large powers in their
- 8:05Speaker 3: own rights with very strong economies that would be able
- 8:08Speaker 3: to back Iran and Russia, which militarily is already giving
- 8:11Speaker 3: significant technology to the Iranians, which they are putting to
- 8:15Speaker 3: great effect on the battlefield. Let's start with A1 also,
- 8:18Speaker 3: just to show you in the clearest sign yet, Trump
- 8:21Speaker 3: is almost certain to, quote, declare victory. He said yesterday,
- 8:24Speaker 3: now that we have it under USA control, should we
- 8:27Speaker 3: change the name Hormuz Strait to the Trump Strait? Like
- 8:30Speaker 3: America itself, it would be, quote, hotter than ever before.
- 8:34Speaker 3: It'll certainly be hot because of the bombs that are
- 8:36Speaker 3: going off in it. And perhaps we should call it
- 8:38Speaker 3: the Trump Strait as a symbol to catastrophic failure. In fact,
- 8:42Speaker 3: I don't even know If the Iranians would object, they're like, yeah,
- 8:45Speaker 3: we should call it the Trump Strait. They're like, this
- 8:46Speaker 3: shows if they control the Trump Strait or can disrupt
- 8:49Speaker 3: things in the Trump Strait for all time, that's potentially
- 8:52Speaker 3: one of the best strategic victories that you.
- 8:55Speaker 1: Could ever have.
- 8:55Speaker 2: Adds another layer of humiliation onto the whole thing. And
- 8:59Speaker 2: so it becomes a symbol of his defeat basically at
- 9:02Speaker 2: his own hands versus the proud president. symbol of his
- 9:05Speaker 2: ego that he would want it to be.
- 9:06Speaker 3: You also have Secretary Rubio, who has been totally MIA
- 9:10Speaker 3: on this conversation. He's too focused on Cuba and on
- 9:13Speaker 3: Latin America. He waded into the conversation recently, again, threatening
- 9:17Speaker 3: secondary sanctions on China, on India, and all of these
- 9:20Speaker 3: other countries, which just stood up to the United States
- 9:23Speaker 3: on the Iran question. Here's what he had to say
- 9:25Speaker 3: about sanctions.
- 9:27Speaker 5: Well, I don't think there's a trade deal between India
- 9:29Speaker 5: and Iran. Obviously, countries all develop their own foreign policy,
- 9:32Speaker 5: and many countries around the world talk to the Iranian regime.
- 9:35Speaker 5: I mean, we've met with elements of the Iranian regime
- 9:38Speaker 5: as well in terms of some of these discussions that
- 9:39Speaker 5: have occurred, and there's been contact with them. I think
- 9:42Speaker 5: what ultimately happens, though, and the President's been very clear,
- 9:45Speaker 5: is no country should be helping Iran evade sanctions. No
- 9:49Speaker 5: country should be out there helping them create mechanisms by
- 9:51Speaker 5: which they can generate revenue that they will then use
- 9:54Speaker 5: to sponsor terrorism and try to build a nuclear weapon.
- 9:57Speaker 5: And if countries decide to do that, then we're going
- 9:59Speaker 5: to have to sanction them too.
- 10:00Speaker 1: We're going to have to sanction them too.
- 10:02Speaker 3: Again, that is a threat directly at China as Xi
- 10:05Speaker 3: Jinping is currently on a world tour and is making
- 10:07Speaker 3: his way to the United States. So this is where
- 10:10Speaker 3: they're at. They want to declare victory. They want to
- 10:13Speaker 3: call it the Trump Strait. They want to try and
- 10:14Speaker 3: sanction and crush their economy at the same time. As
- 10:17Speaker 3: you very aptly pointed out, blockade is literally an act
- 10:21Speaker 3: of war. It's called, it is under all definitions. It's
- 10:25Speaker 3: why during the Cuban Missile Crisis, they were like, it's
- 10:27Speaker 3: a quarantine of Cuba. And they refused to call it
- 10:30Speaker 3: blockade for this exact reason, famously. You also, if you
- 10:33Speaker 3: want to know where Trump's head is at, let's put
- 10:35Speaker 3: A4 on the screen. This is from that Atlantic story.
- 10:38Speaker 3: We talked about this somewhat in our Tuesday show about
- 10:41Speaker 3: the Army Secretary Dan Driscoll, who's decided to step down.
- 10:45Speaker 3: He met with Trump, basically telling him not only about
- 10:48Speaker 3: How the Iran war was a failure, but how Pete
- 10:50Speaker 3: Hegseth was trying to personally take over the U.S. Army
- 10:54Speaker 3: and was setting back a lot of their forward progress
- 10:57Speaker 3: at attempting to move the force towards a more technological
- 11:01Speaker 3: drone advanced fighting force like any fighting force would want
- 11:04Speaker 3: to be after we just witnessed in Ukraine and also
- 11:07Speaker 3: in the Iran war. And Trump apparently, quote, talked exclusively
- 11:11Speaker 3: about his ballroom in response, causing Driscoll to resign, believing
- 11:15Speaker 3: that the administration was doomed. Not great in terms of
- 11:21Speaker 3: and look for the inevitable. Oh, he was a leak.
- 11:25Speaker 3: This guy was like J.D. Vance's best friend in law school, U.S.
- 11:30Speaker 1: Army veteran.
- 11:31Speaker 3: He's not some deep state lib. Like, this is a
- 11:34Speaker 3: direct Trump-appointed army secretary. Now, who's going to replace him?
- 11:40Speaker 3: The current frontrunner is Sean Parnell, who is the boneheaded
- 11:44Speaker 3: spokesperson for Pete Hegseth, and who is really, honestly, the
- 11:48Speaker 3: only thing that has really, like, come with Sean... All
- 11:52Speaker 3: Sean has been able to do under Hegseth's tenure is
- 11:57Speaker 3: endorse and amplify the dumbest stuff that the Pentagon has done.
- 12:02Speaker 3: Parnell was reportedly one of those people behind the Pentagon crackdown, right,
- 12:06Speaker 3: in terms of kicking all the journalists out and inviting
- 12:09Speaker 3: all these MAGA morons who are willing to sign away
- 12:12Speaker 3: their right to even do journalism to be able to
- 12:14Speaker 3: enter the building. He's one of those people who's been
- 12:16Speaker 3: defending them hiring all of these MAGA influencers who in
- 12:20Speaker 3: some cases were the same journalists that had served in
- 12:23Speaker 3: that press corps. He's been one of the most like
- 12:25Speaker 3: vociferous tack dogs for Pete Hegseth. So to have him,
- 12:29Speaker 3: I mean, again, like this is somebody who Driscoll, you
- 12:32Speaker 3: could make an argument at the, you know, maybe he
- 12:34Speaker 3: was unqualified or whatever. This is literally the spokesperson for
- 12:38Speaker 3: Pete Hegseth who they want to install as a new
- 12:41Speaker 3: secretary of the United States armies.
- 12:42Speaker 1: That's a serious job.
- 12:44Speaker 2: One of the other alternatives is Representative Brian Mast, who
- 12:47Speaker 2: literally served in the IDF.
- 12:49Speaker 4: Yes.
- 12:49Speaker 2: So that's where we're at, people, in terms of moving
- 12:52Speaker 2: forward with the Army. I mean, they want— look, the military
- 12:55Speaker 2: is in— the top brass of the military appears to be
- 12:58Speaker 2: in somewhat approaching— active revolt from their perspective, issuing the
- 13:03Speaker 2: non-concur in terms of the strategy with regard to Iran,
- 13:08Speaker 2: the way that they are leaking to the press some
- 13:11Speaker 2: of the problems with the munitions stockpiles. You can see
- 13:14Speaker 2: all of this. as them attempting to make the case publicly.
- 13:17Speaker 2: These are the tactics that they use. As Sagar pointed
- 13:20Speaker 2: out last time we talked, usually these are the tactics
- 13:22Speaker 2: they deploy in the press in order to try to
- 13:25Speaker 2: get us into some new conflict. It is really something
- 13:27Speaker 2: to see them saying, this is such a disaster and
- 13:30Speaker 2: our forces and our stockpiles are so overstretched, we cannot
- 13:34Speaker 2: go forward. that they are now using those tactics to
- 13:36Speaker 2: try to get us out of what has been a
- 13:39Speaker 2: disastrous conflict. That carrier that we had talked so much
- 13:43Speaker 2: about where the sailors and the Marines were suffering so
- 13:45Speaker 2: greatly and that you had a number who tried to
- 13:47Speaker 2: jump overboard. The food, the rash, all that was under
- 13:50Speaker 2: incredible stress. They did finally make it to shore, so
- 13:53Speaker 2: they are getting some much needed and long overdue rest
- 13:57Speaker 2: and relaxation.
- 13:57Speaker 3: I don't know what genius sent them to Pattaya, Thailand,
- 14:00Speaker 3: but that's going to be the hangover part times one million.
- 14:04Speaker 4: Hoping they forget about everything that they've been through.
- 14:07Speaker 3: So preemptively, I would leave Pattaya if I were you
- 14:12Speaker 3: because that is going to be Hurricane Lincoln coming through
- 14:16Speaker 3: that place. Let's put A5 on the screen if you're
- 14:19Speaker 3: wondering what our Israeli allies are up to. This is
- 14:23Speaker 3: an op-ed over at the Jerusalem Post. They say the
- 14:26Speaker 3: war with Iran will not be won through airstrikes. So
- 14:28Speaker 3: what's left? They list a number of things that they
- 14:31Speaker 3: recommend for our country. congressional recognition of minority independence, debt
- 14:35Speaker 3: relief for indebted young Americans, a Beijing deal on Iranian
- 14:39Speaker 3: oil are three options. But if you look a little
- 14:42Speaker 3: bit in there, they also say not draft, but enlistment
- 14:46Speaker 3: through a debt forgiveness program. It says the average American
- 14:50Speaker 3: age 13 to 34 carries more than.
- 14:52Speaker 1: $ 40, 000 in debt.
- 14:53Speaker 3: They say this is a cohort the Pentagon needs, a
- 14:56Speaker 3: federally administered debt forgiveness enlistment program that fully discharges all
- 15:00Speaker 3: of your loan balances and after 24 to 36 years
- 15:03Speaker 3: of service.
- 15:04Speaker 1: And so they basically endorse, again, in the.
- 15:06Speaker 3: Jerusalem Post, trying to turn literal debt slaves in the
- 15:11Speaker 3: United States into fodder for the wars that they want
- 15:14Speaker 3: us to fight.
- 15:15Speaker 1: Yeah, ally moment, as some people like to say.
- 15:18Speaker 2: And I think this guy who wrote this op-ed is
- 15:20Speaker 2: actually Canadian. He's being published in the Jerusalem Post.
- 15:22Speaker 4: I don't know.
- 15:23Speaker 2: There's a lot going on there. I mean, the truth
- 15:25Speaker 2: of the matter is we use the precarious economic situation
- 15:27Speaker 2: of Americans today to sort of coerce them, financially coerce them.
- 15:31Speaker 4: Into the military.
- 15:32Speaker 2: It's why it's mostly poor and working class Americans who
- 15:34Speaker 2: do end up being sent in as fodder. But to
- 15:37Speaker 2: state it this explicitly of like, you know, these people
- 15:39Speaker 2: are a lot of debt.
- 15:40Speaker 4: You could use that to be able to. And he
- 15:43Speaker 4: doesn't lay out.
- 15:44Speaker 2: But the reason you would need what effectively are sort
- 15:47Speaker 2: of like financially coerced conscripts is if you were going
- 15:50Speaker 2: to do some sort of ground invasion. And then he
- 15:52Speaker 2: begins his case by saying that, oh, we should recognize
- 15:55Speaker 2: these minority break-off republics in Iran, again, to try to
- 15:58Speaker 2: collapse the state, which has long been the Israeli goal.
- 16:01Speaker 2: So it makes perfect sense that this is running in
- 16:03Speaker 2: the Jerusalem Post and that this is how they're thinking
- 16:05Speaker 2: about things. Put A7 up on the screen. In one
- 16:09Speaker 2: of the last rounds of attacks, there was a wedding.
- 16:12Speaker 2: that we bombed with significant loss of life. There was
- 16:17Speaker 2: some sort of military post that was, I think, 150
- 16:21Speaker 2: yards or something away that we also struck, but separately
- 16:24Speaker 2: we bombed this wedding.
- 16:25Speaker 4: We had denied it.
- 16:26Speaker 2: New York Times did the full analysis with several partners
- 16:29Speaker 2: and Found bomb fragments consistent.
- 16:31Speaker 4: With the U.S.
- 16:32Speaker 2: You know, they were able to look at the videos
- 16:34Speaker 2: and all of the visual evidence. So this is case closed.
- 16:36Speaker 2: This was a U.S.
- 16:38Speaker 4: Strike on a wedding.
- 16:39Speaker 2: Of course, this adds to some of the latest civilian casualties.
- 16:43Speaker 2: I also saw that we're using some new type of
- 16:45Speaker 2: missile that sprays fragments everywhere, which military experts say should
- 16:50Speaker 2: never be used in dense civilian areas. Of course, we
- 16:52Speaker 2: did use it in dense civilian areas. This is, I guess,
- 16:56Speaker 2: part of the administration's new, quote unquote, mowing the lawn strategy.
- 16:59Speaker 2: So again, Israelification of the U.S. government and the U.S. military,
- 17:04Speaker 2: every way that you could possibly look.
- 17:05Speaker 3: Well, and even bigger picture, it is a sign of
- 17:08Speaker 3: immense weakness because these, many of these missiles, we don't
- 17:11Speaker 3: know the exact munition which was used in this case.
- 17:14Speaker 3: But what we do know is that many of the
- 17:17Speaker 3: missiles that were launched on Iran for these Hormuz attacks
- 17:21Speaker 3: were Tomahawk missiles. So they were fired from hundreds of
- 17:24Speaker 3: miles away.
- 17:25Speaker 1: Well, why?
- 17:26Speaker 3: Because, remember, the reason why this attack happened in the
- 17:29Speaker 3: first place, because an F-35 was clipped by, or potentially
- 17:33Speaker 3: almost clipped, by an Iranian munition. So they can't use
- 17:36Speaker 3: the most advanced laser guided munitions, which are used with
- 17:40Speaker 3: manned aircraft. So they have to use standoff munitions from
- 17:43Speaker 3: hundreds of miles away. You can also see exactly how
- 17:46Speaker 3: this all happened because unlike the Minob case, where it's
- 17:49Speaker 3: pretty clear, like the target hit, it's just that the
- 17:52Speaker 3: target hit because of what we hope is outdated targeting data.
- 17:56Speaker 3: This was only 150 yards away from from a communications tower,
- 18:01Speaker 3: which previously had been struck by the United States. 150
- 18:05Speaker 3: yards is nothing whenever we're talking about hundreds of miles
- 18:08Speaker 3: away missile, which is being launched. So it's actually not
- 18:11Speaker 3: that difficult to see how with even a minuscule error
- 18:14Speaker 3: in targeting with these missiles from far away, that you
- 18:17Speaker 3: are able, and obviously catastrophically, you hit this tiny wedding
- 18:21Speaker 3: and turn it into a horrific tragedy. So it's a
- 18:24Speaker 3: sign of weakness that we have to use this type
- 18:27Speaker 3: of munition in the first place that we have to
- 18:29Speaker 3: fire from hundreds of miles away. And it shows how
- 18:32Speaker 3: on the back foot we actually remain in terms of
- 18:35Speaker 3: our logistics and our ability. And this is exactly why
- 18:38Speaker 3: you don't rely on them for sustained bombing campaigns. If
- 18:41Speaker 3: you actually want to do real targeted strikes, you either
- 18:43Speaker 3: need man or aircraft munition, or you would have a
- 18:49Speaker 3: ground troop. that was there who could distinguish between a
- 18:51Speaker 3: wedding party and somebody who's manning a communication tower. So
- 18:55Speaker 3: it's actually not only an immense disaster, civilian disaster that
- 18:59Speaker 3: we've inflicted, but it is evidence further of how on
- 19:03Speaker 3: the back foot we are that we still have to
- 19:04Speaker 3: use All of these Tomahawk missiles, which we've expended almost 50% already,
- 19:09Speaker 3: God only knows where we are today.
- 19:11Speaker 2: So according to the New York Times analysis, they say
- 19:15Speaker 2: there were remnants of a U.S. glide bomb, a joint
- 19:19Speaker 2: standoff weapon. And I was asking Claude, they said the
- 19:22Speaker 2: reason to use this, they're generally cheaper than powered cruise missiles.
- 19:25Speaker 4: They skip the engine.
- 19:27Speaker 2: It's attractive for converting existing unguided bomb stockpiles into precision
- 19:32Speaker 2: guided standoff weapons.
- 19:33Speaker 1: There you go.
- 19:33Speaker 2: So it fits with what you're saying. We have all
- 19:35Speaker 2: of these dumb bombs. This is a way to convert
- 19:38Speaker 2: this into a longer range munition. The downside of that
- 19:41Speaker 2: is that you end up bombing a wedding and murdering children.
- 19:43Speaker 1: So there you go.
- 19:44Speaker 4: Yeah.
- 19:45Speaker 3: I mean, it's really we just glaze over these things now,
- 19:49Speaker 3: you know, during Iraq. again, say what you want.
- 19:52Speaker 1: Iraq, we killed a lot of people responsible for a
- 19:54Speaker 1: million deaths over there. Abu Ghraib was a big story.
- 19:58Speaker 3: And every time we killed civilians in this manner it
- 20:01Speaker 3: was story remember wiki leaks the original helicopter that was
- 20:04Speaker 3: a real scandal nobody blinks an eye nobody even congress
- 20:09Speaker 3: even says how does this happen i mean they didn't
- 20:11Speaker 3: even vote for this war they're happy for this war
- 20:14Speaker 3: and we just move on from minab from this we
- 20:17Speaker 3: bomb these people under the guise of negotiation like What
- 20:20Speaker 3: are we doing here?
- 20:21Speaker 2: Well, and let's keep in mind, too, that under Hegseth's leadership,
- 20:24Speaker 2: he dismantled the office that was supposed to oversee avoiding
- 20:29Speaker 2: civilian strikes because he thought it was like woke and
- 20:31Speaker 2: gay over the objections of a lot of senior military
- 20:35Speaker 2: brass because, you know, he and so this is the.
- 20:38Speaker 2: I'm not saying that this is the direct result of that.
- 20:40Speaker 2: It's hard to say whether this would have happened if
- 20:43Speaker 2: that office was still in place. But it speaks to
- 20:45Speaker 2: an attitude of we don't really care. We're not really
- 20:47Speaker 2: trying to avoid collateral damage. You know, we'll we're going
- 20:51Speaker 2: to casually and we now know a lot about the
- 20:53Speaker 2: school strike where they triple tapped. By the way, this
- 20:55Speaker 2: was not one errant bomb. They triple tapped that school. And,
- 21:00Speaker 2: you know, it came out of a rush of we
- 21:02Speaker 2: don't feel like double checking.
- 21:03Speaker 4: We don't have time.
- 21:04Speaker 2: Just grab whatever target sets we've got. it had an
- 21:08Speaker 2: indication that these targets needed to be rechecked. And there's
- 21:13Speaker 2: also a theory that I think is relatively plausible that
- 21:16Speaker 2: this was intentional also to try to cause deep pain
- 21:20Speaker 2: for the military commanders, many of whom's children were attending
- 21:24Speaker 2: that school and were murdered on that day. So in
- 21:27Speaker 2: any case, whether it was errant or not, certainly the Iranians,
- 21:30Speaker 2: it doesn't matter to them when they're picking up the
- 21:32Speaker 2: pieces of their broken lives and burying their family members.
- 21:35Speaker 1: Yeah, imagine if your wedding was bombed. How would that
- 21:38Speaker 1: go down? All right, let's move on to the SCO.
- 21:43Speaker 3: Moving now to the SCO and just to the general
- 21:45Speaker 3: reaction to the United States in the middle of this war,
- 21:48Speaker 3: we're going to start with an extraordinary story coming out
- 21:52Speaker 3: of Holland. Let's put this up here on the screen.
- 21:55Speaker 3: The Dutch Central Bank has decided to move gold bars
- 22:00Speaker 3: out of New York over, quote, geopolitical unrest. So what
- 22:05Speaker 3: they say, the Dutch Central Bank has shifted 78 tons
- 22:08Speaker 3: of gold from New York to London in a politically
- 22:11Speaker 3: sensitive move calling increasing geopolitical unrest. The transfer follows calls
- 22:17Speaker 3: from European politicians and taxpayer lobbyists to repatriate gold reserves
- 22:21Speaker 3: from the United States. warning that an unreliable government under
- 22:25Speaker 3: Donald Trump would otherwise seize them amid growing transatlantic tensions.
- 22:29Speaker 3: The Dutch central bank known as DNB said the goal
- 22:33Speaker 3: of the move was, quote, strengthen its crisis preparedness by
- 22:37Speaker 3: distributing its gold more evenly across jurisdictions, moving now all
- 22:42Speaker 3: of their physical bullion over to London and transacting more
- 22:45Speaker 3: than $ 900 billion in gold annually.
- 22:47Speaker 1: Each week.
- 22:48Speaker 3: With this relocation, we have improved the tradability of our reserves.
- 22:52Speaker 3: This also happens on the heels of France, which also
- 22:55Speaker 3: removed all of its gold.
- 22:57Speaker 1: I didn't even know this, from the New York Federal Reserve.
- 22:58Speaker 1: How did we miss that?
- 23:00Speaker 3: Between July 2025 and January 2026, the governor of the
- 23:04Speaker 3: French Central Bank said that the move, quote, was not
- 23:07Speaker 3: politically motivated. This is all really calling back to some
- 23:11Speaker 3: crazy gold situations and things that I've read about in
- 23:15Speaker 3: terms of us ditching the gold standard and calls for
- 23:18Speaker 3: the real physical gold. But the big picture thing is here,
- 23:21Speaker 3: you have somebody who is in NATO, who is one
- 23:24Speaker 3: of the, they say, the second largest gold reserve globally,
- 23:28Speaker 3: which they hold, who are obviously worried about political blowback and, quote,
- 23:33Speaker 3: tension with the US and their own gold being seized.
- 23:36Speaker 3: It is almost certain, considering the Dutch and the node
- 23:40Speaker 3: that they serve in the global banking system, that this
- 23:43Speaker 3: is a reaction potentially to the secondary sanctions bill that
- 23:47Speaker 3: we're trying to pass with Iran and or with Russia,
- 23:49Speaker 3: and that they are looking at the... And again, if
- 23:52Speaker 3: you watch the show, we warned about this five years
- 23:55Speaker 3: ago when we were seizing all of these Russian assets
- 23:58Speaker 3: that are held in US courts, is we were like, look,
- 24:01Speaker 3: if you seize this stuff here, which you have no
- 24:04Speaker 3: right to, same with the Iranians, remember, we literally hold
- 24:06Speaker 3: their money.
- 24:07Speaker 1: It's their money, there's no question. at all about it.
- 24:11Speaker 3: How can you backstop our financial system and say that
- 24:14Speaker 3: it is fair in any way if you can just
- 24:16Speaker 3: steal it at whatever time that you choose? The response
- 24:20Speaker 3: always was, well, we're the world's greatest economy. We can
- 24:22Speaker 3: do whatever we want. And as we saw, that was
- 24:25Speaker 3: true for.
- 24:26Speaker 1: A period of decades.
- 24:27Speaker 3: But now there are alternative options or always have been
- 24:30Speaker 3: to the point where We have two NATO allies here
- 24:33Speaker 3: at this point who are like, yeah, you know what?
- 24:35Speaker 3: We're done with Trump and with geopolitical– I mean I
- 24:38Speaker 3: don't have to tell you all what that means for
- 24:40Speaker 3: our reserve status if we're not going to be a
- 24:42Speaker 3: safe haven for gold or any assets from around the world. Literally,
- 24:46Speaker 3: you can pick up a book about the end of
- 24:48Speaker 3: the gold standard or even World War II and the
- 24:50Speaker 3: way that we were– and World War I, the way
- 24:52Speaker 3: that we were managing– the gold reserve at that time.
- 24:55Speaker 3: Anytime something like this happens, it's an actual shock, a
- 24:58Speaker 3: genuine shock to the financial system.
- 24:59Speaker 2: And I think the truth of the matter is Western
- 25:01Speaker 2: Europe was perfectly comfortable with us doing crazy and illegal
- 25:06Speaker 2: things like seizing assets.
- 25:08Speaker 1: They did the same thing.
- 25:09Speaker 2: Well, as long as it was our official bad guy enemies.
- 25:12Speaker 4: Trump is so unpredictable, though.
- 25:14Speaker 2: I mean, he's going to war with Canada right now
- 25:17Speaker 2: and doing all kinds of crazy stuff with Greenland and
- 25:21Speaker 2: constantly yelling at Europe over this thing or that thing.
- 25:23Speaker 2: So they're like, OK, well, what is going to keep
- 25:25Speaker 2: us safe? So now they feel like we could turn
- 25:28Speaker 2: into one of those official bad guy nations to be
- 25:30Speaker 2: treated the way that Russia is treated. And we can't
- 25:32Speaker 2: have that. And so how has Russia been treated? Yes,
- 25:35Speaker 2: we have frozen their assets. And Congress literally passed a
- 25:39Speaker 2: law that said we could confiscate their assets and give
- 25:42Speaker 2: them to Ukraine. Okay, that's the situation that we're talking
- 25:46Speaker 2: about here. So is it crazy for the Dutch to
- 25:48Speaker 2: look at that and go, you know, maybe we don't
- 25:51Speaker 2: really want our gold reserves being held by you right now? No,
- 25:54Speaker 2: that's a perfectly reasonable and logical response to the landscape
- 25:59Speaker 2: that Trump himself has created here.
- 26:04Speaker 1: Yeah, exactly.
- 26:04Speaker 3: And let's fit it with the SCO declaration because this
- 26:08Speaker 3: was a huge deal. We covered it previously. on Tuesday,
- 26:11Speaker 3: but we officially got the joint communique.
- 26:14Speaker 1: Very similar.
- 26:14Speaker 3: Usually these are very anodyne. You know, they're like, we
- 26:17Speaker 3: believe in world peace and negotiations between countries.
- 26:21Speaker 1: This one, not so much. Let's put it up here.
- 26:23Speaker 3: So if you read the full declaration, I encourage you
- 26:26Speaker 3: all to do it, the Bishkek Declaration. It's all written
- 26:28Speaker 3: in English. You can go and read any of it
- 26:30Speaker 3: for yourself. Let me read you directly what they say
- 26:34Speaker 3: about Iran. The SCO condemned military strikes on the territory
- 26:38Speaker 3: of the Islamic Republic of Iran. which have resulted in
- 26:41Speaker 3: numerous civilian casualties and significant damage to the country's economy.
- 26:46Speaker 3: They said, U.S.-Israel attacks on Iran violate the principles and
- 26:49Speaker 3: norms of international law, the U.N. Charter, and create serious
- 26:53Speaker 3: risks to international peace, security, and stability. Member states expressed
- 26:57Speaker 3: their sincere condolences to the people and the government of
- 27:00Speaker 3: the Islamic Republic of Iran on the tragic death of
- 27:03Speaker 3: the Supreme Leader, Saeed Khamenei, and to the families of
- 27:07Speaker 3: the victims. SCO members reaffirmed their support for sovereignty and
- 27:11Speaker 3: territorial integrity of the Islamic Republic of Iran, and advocate
- 27:15Speaker 3: a resolution to the conflict solely through political and diplomatic means.
- 27:19Speaker 3: Member states note that the only possible way to ensure
- 27:22Speaker 3: peace and stability in the Middle East is a comprehensive
- 27:25Speaker 3: and just settlement of the Palestinian question. These alone are
- 27:30Speaker 3: insane statements. Not insane in the way, not insane for
- 27:35Speaker 3: China to make, or Russia to make. And of course,
- 27:37Speaker 3: I'll point out the hypocrisy of Russia invading Ukraine. That
- 27:40Speaker 3: goes without saying. It goes without saying also to say
- 27:44Speaker 3: it's not a surprise that the Kyrgyz president is signing this.
- 27:48Speaker 3: It's not a surprise that the Belarusian or the Uzbek president.
- 27:51Speaker 3: But the single most important signatory to this document is
- 27:55Speaker 3: Prime Minister Modi of India. Prime Minister Modi maintains very
- 27:59Speaker 3: strong relations with Israel. also maintains moderately strong relations with
- 28:03Speaker 3: the United States. So you just had leaders of the
- 28:06Speaker 3: two most populous countries on Earth combine or one-third of
- 28:11Speaker 3: the global population, just affirm Iranian sovereignty, condemn the death
- 28:15Speaker 3: of Ayatollah Khomeini, and come out and say that this
- 28:18Speaker 3: is an illegal war which is being waged on them
- 28:21Speaker 3: and affirming their right to sovereignty, all while standing next
- 28:24Speaker 3: to the president of Iran. Islamic Republic of Iran. So
- 28:28Speaker 3: that picture is, I mean, again, zero coverage in the
- 28:32Speaker 3: Western press. Shout out to Al Jazeera and a few
- 28:34Speaker 3: others who picked up on this. This is a global
- 28:37Speaker 3: geopolitical shifting event on the Iran question, because most of
- 28:41Speaker 3: the time, Iran, you know, China, even China and Russia,
- 28:44Speaker 3: they'll issue a few statements. They don't really do anything
- 28:47Speaker 3: about it. Well, we already know that that's not true.
- 28:49Speaker 3: Russia is giving them advanced military technology. China is giving
- 28:52Speaker 3: them their access to their banking system, propping up Juan transactions,
- 28:57Speaker 3: crypto pathways for them to fund. India is coming out
- 29:01Speaker 3: and being like, we're going to keep buying Iranian oil
- 29:03Speaker 3: as long as we're able to on the market and
- 29:05Speaker 3: in a joint smiling handshake photos with the president. I mean,
- 29:10Speaker 3: what this demonstrates is how much Iran has actually shaken
- 29:14Speaker 3: the understanding, especially in Asia and with the world powers
- 29:19Speaker 3: of U.S. Not just security commitment, but to their general
- 29:24Speaker 3: action abroad. And it makes them question everything, the bedrock
- 29:28Speaker 3: of their own alliance structure with the United States and
- 29:31Speaker 3: how they're going to pursue the future. We predicted this
- 29:34Speaker 3: with South Korea. Trump is like, screw you, South Korea.
- 29:37Speaker 3: I'm not going to do joint military exercises. Like, OK,
- 29:39Speaker 3: maybe we'll get a nuclear weapon.
- 29:40Speaker 4: Now.
- 29:40Speaker 3: You know, or the Japanese are like, I don't know.
- 29:43Speaker 3: Maybe we'll go in a different direction. Maybe we'll look
- 29:45Speaker 3: to the Australians, the Indians. I mean, India's number one
- 29:49Speaker 3: foreign policy goal under Modi has been we're in.
- 29:52Speaker 1: It for us.
- 29:52Speaker 3: Cheap oil is cheap oil. We don't give a shit
- 29:54Speaker 3: where it comes from. So Iran and Russia, sure, we'll
- 29:57Speaker 3: keep buying it. And he calls Putin his friend. And
- 30:00Speaker 3: these are all major signals being sent to us.
- 30:02Speaker 2: It's worth remembering that in the early days of the
- 30:05Speaker 2: Russia-Ukraine war, we really didn't want India buying Russian oil.
- 30:09Speaker 4: And they're like, too bad.
- 30:10Speaker 1: Yeah, they literally said, we don't care.
- 30:11Speaker 4: We're going to do it. It's cheap. It's good for us.
- 30:13Speaker 4: We're doing it.
- 30:13Speaker 1: Sorry.
- 30:14Speaker 4: And what did we do in response? Really nothing. So
- 30:17Speaker 4: they look at that.
- 30:18Speaker 2: They look at how inept we've proven to be and
- 30:21Speaker 2: how weak we've proven to be vis-a-vis Iran. And they
- 30:24Speaker 2: can see they can see the way the world is shifting,
- 30:27Speaker 2: the way that the world is is understanding the inherent
- 30:30Speaker 2: weakness of the U.S. empire at this point. And so
- 30:34Speaker 2: this is yet another sign of the times.
- 30:36Speaker 4: It is noteworthy, though. I mean, they really didn't hold
- 30:38Speaker 4: anything back in this statement.
- 30:40Speaker 2: All the things were including the you know, we need
- 30:42Speaker 2: a resolution of the Palestinian question. That's the only way
- 30:44Speaker 2: we're going to have peace in the Middle East. They
- 30:46Speaker 2: signed on to the whole thing. To saga's point, let's
- 30:49Speaker 2: put this next piece up on the screen. This is
- 30:51Speaker 2: highly significant. We just learned this from the Financial Times.
- 30:53Speaker 2: Russia has been secretly helping Iran to develop highly advanced
- 30:58Speaker 2: supersonic cruise missiles. Now, this is apparently not a brand-new thing.
- 31:03Speaker 2: This has been a multi-year covert program, codename C-430L. It's
- 31:09Speaker 2: enlisted some of Russia's most experienced missile specialists to help
- 31:13Speaker 2: Iran develop a new class of weapons capable of threatening U.S.
- 31:16Speaker 2: aircraft carriers and other warships in the Middle East. The
- 31:20Speaker 2: main purpose, they say, is to help Iran develop a
- 31:22Speaker 2: ramjet propulsion system. That's an engine that allows a cruise
- 31:25Speaker 2: missile to sustain flight at several times the speed of sound.
- 31:29Speaker 2: Missile and military experts said the technology was almost certainly
- 31:32Speaker 2: intended for anti-ship and land attack cruise missiles. Quote, this
- 31:37Speaker 2: is the transfer of a highly strategically sensitive military technology
- 31:40Speaker 2: from Russia that the Iranians have wanted to acquire for decades.
- 31:44Speaker 2: A program like this would require political clearance from the
- 31:47Speaker 2: very top in Russia. So this isn't just, you know,
- 31:51Speaker 2: sending over some blueprints. They have actually sent top scientists
- 31:54Speaker 2: from Russia to Iran, according to this report. to help
- 31:57Speaker 2: Iranian scientists be able to achieve this level of technological advancement. Now,
- 32:03Speaker 2: we don't know whether they have succeeded yet. We haven't
- 32:06Speaker 2: seen any indication that these missiles have been deployed during
- 32:09Speaker 2: this current war with the U.S.
- 32:11Speaker 4: And with Israel.
- 32:12Speaker 2: But it is extremely noteworthy that this level of high
- 32:17Speaker 2: tech knowledge sharing has been occurring from Russia to Iran.
- 32:21Speaker 2: And Iran has also been very beneficial to Russia in
- 32:23Speaker 2: the war in Ukraine by providing Shahid drones. So it's
- 32:26Speaker 2: not that Iran hasn't had anything to offer in terms
- 32:29Speaker 2: of weapons technology as well. So you could see how
- 32:31Speaker 2: this is very mutually beneficial and logical relationship for the
- 32:34Speaker 2: two countries.
- 32:35Speaker 5: Right.
- 32:35Speaker 3: And so we've covered the bond market here extensively. I
- 32:38Speaker 3: know Ryan and Emily did yesterday as well. You're already
- 32:41Speaker 3: seeing the global sell-off continue. And we're going to talk
- 32:45Speaker 3: a little bit about data centers and AI and the
- 32:47Speaker 3: intersection between those two things as well.
- 32:50Speaker 1: But overall, you see a broad weakening in the U.S.
- 32:54Speaker 3: Financial system and architecture, which enables it to do these
- 32:58Speaker 3: kind of gray zone wars that we have been doing
- 33:01Speaker 3: since the end of post-World War II era. And Stephen Walt,
- 33:04Speaker 3: I highly recommend. He was a co-author with Mearsheimer in
- 33:08Speaker 3: the Israel Lobby book.
- 33:09Speaker 1: He's a longtime realist and scholar.
- 33:11Speaker 3: He did a great episode with Tucker, and he talked
- 33:13Speaker 3: specifically about how the post-World War II era really evolved
- 33:17Speaker 3: into the United States being a nation of assassination and of, like, small, quote,
- 33:22Speaker 3: small warfare. Like, because the United States population didn't want
- 33:26Speaker 3: to pay the price or actually engage in conventional war,
- 33:29Speaker 3: and that the CIA and the U.S. government, as evidenced
- 33:32Speaker 3: by Maduro and the decapitation strike on Khomeini, we find
- 33:35Speaker 3: it easier to just kill leaders and try to compel
- 33:37Speaker 3: their behavior through financial sanctions. All of that of worked
- 33:41Speaker 3: during this Cold War. There was a hell of a
- 33:43Speaker 3: lot of blowback, obviously, and also even in the lead
- 33:47Speaker 3: up to Libya, to Syria, or any of these places.
- 33:50Speaker 3: Not a ton of Americans died, but we dramatically immiserated
- 33:53Speaker 3: and destroyed those states. Well, in this case, we're watching
- 33:57Speaker 3: the downfall of that strategy, where we kill Khomeini and
- 33:59Speaker 3: the regime tightens up. We try to economically sanction Russia.
- 34:03Speaker 1: Same thing.
- 34:04Speaker 3: Putin is stronger today than he was before the war launched.
- 34:08Speaker 3: We've talked extensively about amount of casualties they're willing to suffer.
- 34:12Speaker 3: We try to sanction and do a trade war on China.
- 34:15Speaker 3: China learns from the Russia sanctions, the Iran sanctions, and
- 34:17Speaker 3: more about how to sanction proof its entire financial system
- 34:21Speaker 3: from the United States and to pilot program all of
- 34:24Speaker 3: these different ways they can work around us. The Indians,
- 34:26Speaker 3: same thing. We try to sanction them. They're obviously still
- 34:29Speaker 3: buying Russian oil or finding different pathways. Same with Iran.
- 34:33Speaker 3: They're definitely not willing to buckle. And then the SEO statement,
- 34:36Speaker 3: the Dutch situation. What you're watching is if we don't
- 34:38Speaker 3: even have that ability to do that type of stuff anymore,
- 34:42Speaker 3: then we're going to have to fall back on either
- 34:43Speaker 3: no war or real war. And that's actually a good
- 34:46Speaker 3: choice to be part of the reason why I think
- 34:48Speaker 3: this inherently is a disastrous situation, which I think will
- 34:51Speaker 3: be to our detriment, but will force us ultimately, hopefully
- 34:54Speaker 3: to act better in the future. But the downside to
- 34:56Speaker 3: what I'm saying is it also means that after the midterms,
- 34:59Speaker 3: which Trump is now openly kind of acknowledging behind the scenes,
- 35:02Speaker 3: or a lot of advisors, they may escalate to a
- 35:04Speaker 3: ground war in Iran just after November because then they
- 35:07Speaker 3: no longer have to pay any political price. So it
- 35:09Speaker 3: leaves things in a much more binary situation. And the
- 35:12Speaker 3: forever war strategy can't work as well whenever you have
- 35:15Speaker 3: all that architecture just starts to dissolve.
- 35:16Speaker 2: Which exposes also that he's lying when he says he
- 35:19Speaker 2: doesn't care at all about the midterms. Because if he
- 35:20Speaker 2: didn't care at all about the midterms, why would you
- 35:22Speaker 2: wait for the midterms to do your next move and escalate? Yeah,
- 35:26Speaker 2: the thinking at least that has been reported in the
- 35:28Speaker 2: press is that they're like, oh, after November, then we've
- 35:31Speaker 2: got this window between November and January before the new
- 35:34Speaker 2: members get elected. sworn in where we can just go
- 35:37Speaker 2: ham and do whatever we want without any really political pushback.
- 35:41Speaker 2: So if that's the thinking, then it exposes the fact
- 35:44Speaker 2: that Trump does in fact care about the midterm results
- 35:47Speaker 2: and how bad they're going to be for Republicans, which
- 35:50Speaker 2: we'll get to in a later segment.
- 35:51Speaker 1: Exactly.
- 35:51Speaker 5: That's right.
- 35:52Speaker 4: All right.
- 35:52Speaker 1: Let's get to Germany. Speaking of interesting things.
- 35:57Speaker 3: Turning out of Germany, we got to keep an eye
- 35:59Speaker 3: on the situation because something very sketchy is going on.
- 36:02Speaker 3: Let's start with this video. And we'll put it up here.
- 36:05Speaker 3: Many of you might have seen it. There were multiple
- 36:07Speaker 3: power plants in Germany which have now come under attempted
- 36:12Speaker 3: sabotage attacks. So this is one which happened at a substation.
- 36:17Speaker 3: There were bright flashes that were filmed by people who
- 36:21Speaker 3: were walking nearby. The grid operator said, quote, external interference
- 36:26Speaker 3: might have been likely. But this was the second such
- 36:29Speaker 3: either potential attack or disruption that happened at a power plant.
- 36:33Speaker 1: In Germany.
- 36:34Speaker 3: Let's put C2 up here on the screen. The German
- 36:37Speaker 3: police have confirmed that there are two incidents which have
- 36:40Speaker 3: disrupted power distribution systems in East and West, where being
- 36:44Speaker 3: investigated as potential acts of sabotage, with one also being
- 36:48Speaker 3: examined for possible links to terrorism. They said multiple explosive
- 36:53Speaker 3: devices were found Tuesday morning at a substation near a
- 36:56Speaker 3: coal-fired power plant in Brandenburg, Hours later, a short circuit
- 37:01Speaker 3: knocked power lines out of service at the one that
- 37:05Speaker 3: we just showed you. Neither incident affected the power supply
- 37:08Speaker 3: in their areas, but authorities are investigating the incidents, have
- 37:11Speaker 3: not yet named any suspects.
- 37:13Speaker 1: So obviously, all of us are immediately.
- 37:16Speaker 3: Kind of flashing back to Nord Stream and to what
- 37:18Speaker 3: happened with the blowing up of that pipeline, where immediately
- 37:22Speaker 3: the Biden administration, the Western government, everybody just blamed Russia.
- 37:26Speaker 3: it obviously turns out it was Ukraine the entire time
- 37:29Speaker 3: trying to force the Europeans' hands, make sure that they
- 37:32Speaker 3: could never restore natural gas ties, and to create more
- 37:35Speaker 3: of a situation where they do a false flag attack
- 37:38Speaker 3: and kind of invite and use that as preemption for
- 37:41Speaker 3: why they should get more involved in Ukraine. Now, this
- 37:44Speaker 3: also comes, many people in the West did not notice
- 37:46Speaker 3: this at all, but in Over in Europe, they're calling
- 37:49Speaker 3: for Article 5 declaration over this.
- 37:51Speaker 1: Let's put this one up here on the screen.
- 37:53Speaker 3: Is that last month, the Germans are now saying that
- 37:56Speaker 3: Russia had an attempted drone attack at Leipzig airport.
- 38:00Speaker 1: So let me read from a lot of this.
- 38:02Speaker 3: The German government is blaming Russia for an attempted attack
- 38:05Speaker 3: at the Leipzig airport last month using a drone laden
- 38:08Speaker 3: with explosives and announced that it would shut down a
- 38:12Speaker 3: Russian consulate, among other measures.
- 38:15Speaker 1: Now listen to this. The drone was found.
- 38:18Speaker 3: Near a Ukrainian plane on August 4th, and the device
- 38:23Speaker 3: was diffused. German officials said that the incident had posed
- 38:27Speaker 3: a new level of danger. Moscow has widely accused by
- 38:30Speaker 3: Western officials here of running a campaign of sabotage and
- 38:33Speaker 3: disruption with the aim of undermining support for Ukraine and
- 38:36Speaker 3: destabilizing European nations. Now, the destabilizing European nations, I will
- 38:42Speaker 3: give them that. But undermining support for Ukraine? I mean,
- 38:45Speaker 3: if the Russians are going to bomb surreptitiously in airport
- 38:49Speaker 3: in Germany, I'm pretty sure that would have the exact
- 38:51Speaker 3: opposite effect. So I'm just saying, if you point to
- 38:55Speaker 3: all of this, and it's got all of the hallmarks
- 38:58Speaker 3: of a Nord Stream operation, I'll use their language. The
- 39:01Speaker 3: German interior minister claimed that the drone figuration components and
- 39:05Speaker 3: explosives and detonator are known to us from other Russian
- 39:08Speaker 3: hybrid operations and its war against Ukraine. and that the
- 39:11Speaker 3: device pointed to a high degree of technical expertise, painstaking planning,
- 39:15Speaker 3: but carrying out the plan appears to have been left to, quote,
- 39:17Speaker 3: low-level agents. They have not currently specified who any of
- 39:22Speaker 3: the people who did this or can prove their Russian connection.
- 39:26Speaker 3: So it, of course, also invited the shutdown of a
- 39:29Speaker 3: Russian consulate, which is not... any small thing, right? To
- 39:32Speaker 3: kick a bunch of diplomats out of the country and
- 39:34Speaker 3: to stop their ability to have diplomatic services. I'm only
- 39:38Speaker 3: pointing to all this because the situation in Ukraine is
- 39:41Speaker 3: getting completely out of control.
- 39:43Speaker 1: The West is not paying any attention.
- 39:45Speaker 3: Ukraine is taking off huge diesel plants, refineries, shutting down
- 39:50Speaker 3: the ability for the Russians to refine oil and even
- 39:53Speaker 3: so much having to export it. It's putting massive pressure
- 39:57Speaker 3: on global diesel markets. We are about 10 days off
- 40:00Speaker 3: the all-time high. Within about 10 days, if nothing changes
- 40:03Speaker 3: in the diesel market, we will hit the all-time diesel
- 40:05Speaker 3: price high here in the United States, which is massively
- 40:08Speaker 3: detrimental to inflation in the industrial sector.
- 40:11Speaker 1: But also, this comes on.
- 40:13Speaker 3: The heels of some crazy warnings from the Ukrainians, Crystal,
- 40:16Speaker 3: whenever it comes to their airspace and what they're doing
- 40:19Speaker 3: over there. So we need to pay very close attention
- 40:21Speaker 3: because this entire thing could erupt into a major situation.
- 40:24Speaker 4: Yes.
- 40:24Speaker 2: And they're alleging, put C3B up on the screen. This
- 40:27Speaker 2: is from the Wall Street Journal. I took note of this.
- 40:29Speaker 2: They're alleging that Russia is waging a full wave of
- 40:34Speaker 2: what they call gray zone attacks. So the alleged drone operation,
- 40:40Speaker 2: the sabotaging of these power plants, would be part of
- 40:44Speaker 2: this broader wave. They say NATO countries see Moscow's appetite
- 40:47Speaker 2: for conflict increasing as it flounders against Ukraine. Russia has
- 40:51Speaker 2: turned up the heat on Kiev's allies in Europe with
- 40:53Speaker 2: a string of so-called gray zone activities aimed at sowing fears.
- 40:56Speaker 2: It struggles to advance on the ground in Ukraine, faces
- 40:59Speaker 2: increasingly damaging Ukrainian drone and missile attacks at home. European
- 41:02Speaker 2: authorities have linked Russia to a spate of drone incursion,
- 41:05Speaker 2: acts of sabotage, cyber attacks, and other hostile actions across
- 41:08Speaker 2: the continent over recent months. Worth noting that, look, I'm
- 41:13Speaker 2: not saying that this isn't happening.
- 41:15Speaker 1: It may be happening.
- 41:16Speaker 4: It might be Russia. I mean, there is an incentive.
- 41:18Speaker 2: There's also a lot of chatter in Russia right now
- 41:21Speaker 2: about expanding directly into NATO countries and basically daring us.
- 41:26Speaker 2: to do something about it and exposing the weakness of NATO,
- 41:29Speaker 2: because do we actually think that the U.S.
- 41:31Speaker 4: I mean, NATO is basically fake at this point. Is
- 41:33Speaker 4: the U.S.
- 41:34Speaker 2: Really going to go to war with Russia if Russia
- 41:36Speaker 2: actively commits some sort of act of war that is
- 41:40Speaker 2: undeniable in a NATO country? Very, very hard to see
- 41:43Speaker 2: that we would do that. Now, Ukraine would love to
- 41:46Speaker 2: have Article 5 invoked, would love and has always been
- 41:49Speaker 2: pushing to get us more and more involved in this war,
- 41:52Speaker 2: especially at this point, given how diminished our stockpiles are.
- 41:56Speaker 2: We can't even effectively wage this war against Iran. and
- 41:59Speaker 2: we're gonna go and actively go to war with Russia.
- 42:01Speaker 2: I mean, it's just, it's complete and utter preposterous fantasy.
- 42:04Speaker 2: But in any case, this is the view from Europe.
- 42:07Speaker 2: They believe that Russia is engaged in this campaign of
- 42:10Speaker 2: gray wave kind of like sabotage and chaos stoking within
- 42:15Speaker 2: European countries, whether or not that is true. And also
- 42:18Speaker 2: even in the article, they say things that may not,
- 42:21Speaker 2: even if this is a real thing, things that are
- 42:23Speaker 2: not connected to it, then get chalked up to, oh,
- 42:25Speaker 2: this must be Russia as well. So it becomes kind
- 42:28Speaker 2: of a catch-all for their view of what is going on.
- 42:30Speaker 2: So it is extremely significant here that this is the perception,
- 42:34Speaker 2: at least, of what is happening here. And it might
- 42:35Speaker 2: be the reality. I'm not going to put it out
- 42:37Speaker 2: of bounds.
- 42:37Speaker 3: Well, but that's my frustration with the Western media, as
- 42:40Speaker 3: we were pointing out when we were trying.
- 42:41Speaker 1: To do this segment.
- 42:42Speaker 3: It's not like they're the only ones who do this stuff.
- 42:45Speaker 3: Zelensky and the Ukrainians blew up the Nord Stream pipeline.
- 42:48Speaker 3: They assassinate generals on the streets of Moscow. They have
- 42:51Speaker 3: bombed civilians. They have routinely, surreptitiously infiltrated Russian territory. You
- 42:57Speaker 3: can defend all of that if you want. They invaded them, right?
- 42:59Speaker 3: They have the right to do whatever they want. I
- 43:01Speaker 3: don't even disagree, that's fine. But then don't be crying
- 43:04Speaker 3: whenever a bunch of cruise missiles are gonna take out
- 43:06Speaker 3: a bunch of your power plants if you're gonna play
- 43:08Speaker 3: the exact same game.
- 43:09Speaker 2: By the way, we helped them originally to target long-range
- 43:14Speaker 2: missiles at Russian oil refining capacity. And now we're like,
- 43:18Speaker 2: oh shit, the oil market. By the way, Brent crude
- 43:21Speaker 2: is up to almost $ 100 a barrel again this morning.
- 43:24Speaker 2: So there's been a significant surge because of everything that's
- 43:27Speaker 2: going on.
- 43:28Speaker 4: But in any case, now we're like, no, no, no, no, no.
- 43:30Speaker 4: Maybe we don't want you to do that. Well, too late.
- 43:32Speaker 2: Now we've provided them with the assistance. We gave them
- 43:34Speaker 2: the green light. They're going to continue because it's in
- 43:36Speaker 2: their interest.
- 43:36Speaker 1: Of course they are.
- 43:37Speaker 3: And in fact, we know that we have the power
- 43:39Speaker 3: to tell the Ukrainians what to do because ahead of
- 43:42Speaker 3: the CIA director's flight to Moscow, we apparently called the Ukrainians,
- 43:46Speaker 3: didn't tell them why.
- 43:47Speaker 1: We're like, hey, no Moscow strikes today.
- 43:50Speaker 3: Just in case you, oh, I don't know, blow the
- 43:51Speaker 3: CIA director out of the sky. Let's put the C-4B
- 43:55Speaker 3: up on the screen just to show you all what happened.
- 43:58Speaker 3: the Ukrainians are doing. This is a number of the
- 44:01Speaker 3: drone raids in the Russian capital of Moscow. Multiple Russian
- 44:05Speaker 3: flights were disrupted. This came on the heels of a
- 44:08Speaker 3: crazy announcement, actually, from Zelensky himself. Put C4 on the screen.
- 44:13Speaker 3: He writes this, in English, by the way, so it's
- 44:16Speaker 3: not exactly just for the Russian population. It was from
- 44:20Speaker 3: Russia that the first missiles and the first drones came.
- 44:22Speaker 3: They crossed our border country from Russian airsprays. This escalation
- 44:25Speaker 3: cannot and will not remain confined to Ukrainian territory. Today,
- 44:29Speaker 3: we want to warn every airline that uses Russian airspace,
- 44:32Speaker 3: every insurer, and everyone who still uses Russian airports. Russian
- 44:35Speaker 3: airspace is becoming completely unsafe. Ukraine does not threaten civilian aviation,
- 44:40Speaker 3: not a single civilian aircraft. This will simply be drones
- 44:42Speaker 3: in Russia's skies on a scale that's not been taken
- 44:44Speaker 3: into account. Although the Russian authorities are not properly informing
- 44:47Speaker 3: people about this, Russian airspace will be effectively closing the
- 44:51Speaker 3: war started by Russia is closing its skies. We in
- 44:54Speaker 3: Ukraine do not want innocent lives to be lost. That
- 44:56Speaker 3: is why we are warning our partners. The safe days
- 44:58Speaker 3: in Russia's skies are over. It is important that this
- 45:01Speaker 3: be heard by ambassadors of countries represented here in Ukraine,
- 45:04Speaker 3: as well as ambassadors working in Moscow. Every one of
- 45:07Speaker 3: them knows exactly what Russia's war means for our country
- 45:09Speaker 3: and our people. They must convey this information to our capitals.
- 45:12Speaker 3: I mean, this is basically a blackmail threat, saying we're
- 45:14Speaker 3: going to put a bunch of drones in the sky
- 45:16Speaker 3: and we may shut down a civilian airliner. And if
- 45:19Speaker 3: you happen to be on one of those planes and
- 45:20Speaker 3: you're a civilian, it's your fault for flying. Anyways, to
- 45:24Speaker 3: be fair, Russia shot two civilian jets out of the sky.
- 45:27Speaker 3: Remember the MH, I forget the exact, 170, I think
- 45:31Speaker 3: that's what it was. So I'm not sitting here saying
- 45:33Speaker 3: that they're the good guys and they haven't shot civilians
- 45:36Speaker 3: literally out of the sky or killed a bunch of
- 45:37Speaker 3: civilians in Kyiv. But you're watching Ukraine adopt the same territory.
- 45:42Speaker 3: And what we know from this is that one party
- 45:45Speaker 3: in this has a nuclear weapon and one doesn't. And
- 45:48Speaker 3: one party increasingly has a bunch of calls in their
- 45:50Speaker 3: own security establishment saying that they want to use nuclear
- 45:54Speaker 3: weapons against Ukraine or attack a bunch of NATO countries
- 45:58Speaker 3: and test the bounds of their response. So all of
- 46:01Speaker 3: that just combines for a very, very unstable geopolitical situation
- 46:07Speaker 3: and actually unleashes even more because the Ukrainians have to
- 46:10Speaker 3: be watching the Iranians, even though they're condemning them, with
- 46:13Speaker 3: some awe in the ability that they're able to bring
- 46:15Speaker 3: the U.S.
- 46:15Speaker 1: Empire together.
- 46:16Speaker 3: To its knees, they're like, why don't we do the
- 46:18Speaker 3: exact same thing here? Which is fair up to a
- 46:22Speaker 3: point until they actually have a population which is much
- 46:25Speaker 3: more willing than ours to destroy your entire country.
- 46:27Speaker 2: Well, and Russia is this going back to the technological sharing,
- 46:32Speaker 2: the tech sharing that they're doing with the Iranians, helping
- 46:34Speaker 2: them to develop more sophisticated weapons and missiles. they're looking
- 46:38Speaker 2: at that as a strategic opportunity for them.
- 46:40Speaker 4: It's great for them if the U.S.
- 46:42Speaker 2: Is more and more engaged in Iran and more and
- 46:44Speaker 2: more distracted and less and less capable and our weaknesses
- 46:48Speaker 2: and our strategy and our tactics more and more exposed.
- 46:50Speaker 4: That's great for them.
- 46:51Speaker 2: So they have every interest in aiding Iran and drawing
- 46:55Speaker 2: us further in and keeping us occupied there. So it
- 46:58Speaker 2: should be no surprise that they are aiding Iran. Same
- 47:00Speaker 2: way it should be no surprise that China behind the scenes,
- 47:03Speaker 2: even though they don't want to be directly seen as
- 47:04Speaker 2: being involved, appears to have been involved as well in
- 47:08Speaker 2: aiding Iran. So these are countries that are acting in
- 47:11Speaker 2: their self-interest. I still think the trip from the CIA
- 47:15Speaker 2: director to Russia is an extraordinary event. And we don't
- 47:19Speaker 2: know what exactly was said. We don't know what intelligence
- 47:22Speaker 2: they were looking at that caused that trip to be made.
- 47:26Speaker 2: But that should be seen as an extremely significant event.
- 47:30Speaker 2: And it comes amidst all of this chatter that I
- 47:33Speaker 2: was discussing before, that Russia is considering striking in a
- 47:36Speaker 2: NATO country, that there is even some discussion of Russia
- 47:39Speaker 2: deploying a, quote unquote, tactical nuclear weapon. in the context
- 47:43Speaker 2: of this war with Ukraine, perhaps in Ukraine or perhaps
- 47:46Speaker 2: in a NATO country.
- 47:47Speaker 4: So is that the intelligence.
- 47:49Speaker 2: That caused the CIA director to fly to Moscow and
- 47:52Speaker 2: have this extraordinary meeting? We don't know, but it is
- 47:55Speaker 2: something to pay very, very close attention to.
- 47:57Speaker 1: I agree.
- 47:58Speaker 3: And look, we'll continue to see, like you said, we
- 48:00Speaker 3: do know at least about the CIA director meeting. Trump
- 48:02Speaker 3: dispatched him on such a secret mission that even senior
- 48:05Speaker 3: members of the NSC had no idea that the CIA
- 48:09Speaker 3: director was in Moscow. and that they found out on
- 48:12Speaker 3: social media whenever somebody spotted a C-47 going over the Baltic.
- 48:17Speaker 3: They were like, what the hell is going on? Look
- 48:19Speaker 3: up in the sky. There's no way in the world.
- 48:21Speaker 1: What did Trump say? He was, quote, semi-routine.
- 48:23Speaker 5: No, it's not.
- 48:24Speaker 3: It's the first flight of a CIA director to Moscow
- 48:27Speaker 3: before the Russian invasion.
- 48:28Speaker 1: So there's something.
- 48:29Speaker 3: There's certainly something that's going on behind the scenes. And
- 48:32Speaker 3: then Putin immediately going to the SCO and condemning the
- 48:35Speaker 3: Iran actions, not changing his behavior. using a bunch of
- 48:38Speaker 3: ballistic missiles to murder a bunch of civilians in downtown Kiev,
- 48:42Speaker 3: not exactly a change in any of his behavior either.
- 48:45Speaker 1: So with all that, let's get to the midterms.