Latest / UK Column Radio / Iran HUMILIATED the US — Trump Forced to Sign Peace Deal? | Silk and Steel

Transcript

Iran HUMILIATED the US — Trump Forced to Sign Peace Deal? | Silk and Steel · UK Column Radio

0:00
Speaker 1: Joining in. The Memorandum of understanding has been signed by
0:03
Speaker 1: Trump by the Iranian delegation Galibaf Trump Sande in Versai.
0:09
Speaker 1: What does this mean. We've got a history buff maybe
0:12
Speaker 1: he can give you the historical context of a surrendered
0:17
Speaker 1: document being signed in Versailles. But also with the guest Kalza,
0:22
Speaker 1: who we've got on, I wanted to speak about the
0:25
Speaker 1: Chinese involvement in this. If you've been watching our interviews,
0:29
Speaker 1: many of our guests have been speaking about how China
0:32
Speaker 1: essentially asked Iran to sign this document. China said that
0:36
Speaker 1: we've got your back on this. Apparently, according to this
0:40
Speaker 1: new piece of information that we've received from Larry, China
0:44
Speaker 1: and Pakistan pressured Israel as well that you need to
0:47
Speaker 1: stop acting stupidly or there may be significant consequences. The
0:52
Speaker 1: Chinese as well, apparently, according to Larry Johnson, have been
0:56
Speaker 1: providing Iran with weapons and the devastating attacks we saw
1:02
Speaker 1: by Iran on Jordan on Israel, we're being supplied the
1:06
Speaker 1: weapons were being supplied by China. So we've got the
1:11
Speaker 1: best person to speak about this, Karl Zar, who is
1:14
Speaker 1: an expert on China, especially Chinese history. His podcast, I
1:18
Speaker 1: think it's called the Silk Road Podcast, the Silkons I'll
1:20
Speaker 1: get it from him. Apologies, but his podcast specifically talks
1:24
Speaker 1: about it details Chinese history, and so who better to
1:28
Speaker 1: ask to come on the show than Cayl Carl. Thanks
1:31
Speaker 1: for joining, Kyl. What was the name of your podcast? Again,
1:33
Speaker 1: I kind of did a blunder. I could't remember it.
1:34
Speaker 1: The Silks, the Silk and Steel podcast. I can see any.
1:37
Speaker 2: Falcon steal Silk and Steal podcast.
1:40
Speaker 1: Awesome, awesome, the Silk and Steel Podcast. This is why
1:43
Speaker 1: these amateurs are not getting the real TV gigs, because
1:45
Speaker 1: we're trying to wing it. But anyway, thanks to thanks
1:48
Speaker 1: for joining us. Carl.
1:48
Speaker 2: How you doing sure? How how are you?
1:52
Speaker 1: I'm doing very great? Thanks for joining us. So immediately
1:55
Speaker 1: memorandum of understanding it's come out. What's your thoughts on it?
2:01
Speaker 2: Well, this is the unambiguous Iranian victory.
2:05
Speaker 1: This is I mean, would you call it total Iranian victory?
2:11
Speaker 2: A total Uranian victory? I mean Trump would may try
2:14
Speaker 2: to put a brave face and try to spin it
2:16
Speaker 2: and somehow a Trump win. But everybody who's being paying attention, now,
2:20
Speaker 2: that difference of this three months, three month and a
2:24
Speaker 2: half war. United States really has shown the world the
2:28
Speaker 2: limitation on the US Empire. There's and and if if
2:33
Speaker 2: well we still have sixty days, you know, like the
2:36
Speaker 2: grace period. If the sixty days grace period held, if
2:40
Speaker 2: this whole peace deal come through, this is defeat of
2:46
Speaker 2: the US Empire in West Asia. You know, United States
2:54
Speaker 2: without their troops, the sanction, all the sanctions on Iran.
2:58
Speaker 2: They we're going to unfreeze all the Iranian assets and
3:01
Speaker 2: you around now Uran will be able to sell oil
3:05
Speaker 2: to whoever they please. This is and on top of that,
3:08
Speaker 2: you run to keep their current star pile of urrange
3:13
Speaker 2: urge Uranian. So I mean, this is unambiguous Uranian victory.
3:18
Speaker 2: There's no way to spin it. Uh so, Uh yeah,
3:22
Speaker 2: I mean like this it's a it's a well deserved
3:24
Speaker 2: victory for Uranian people, for they have been really held
3:28
Speaker 2: under pressure and they they really stood up to the
3:33
Speaker 2: US Empire.
3:35
Speaker 1: They did stand up against the US Empire. And as
3:38
Speaker 1: you said, this is an unambiguous total Iranian victory. You
3:42
Speaker 1: look at the document and obviously we're going to go
3:44
Speaker 1: into the specifics of the document, but I wanted to
3:47
Speaker 1: also speak to you about a couple of important things.
3:49
Speaker 1: First of all energy and China. So first of all,
3:52
Speaker 1: let's talk about China. And in terms of China, the
3:55
Speaker 1: first question is this, how much of an involvement has
4:00
Speaker 1: China had in these negotiations. I've talked to Xcia, Larry Johnson,
4:05
Speaker 1: Pepe Escaba, many Chinese experts, and they all said China
4:09
Speaker 1: was instrumental in this, instrumental in the deal, instrumental and
4:13
Speaker 1: actually telling around. Look, you need to sign the deal
4:15
Speaker 1: here and what's your thoughts.
4:18
Speaker 2: Well, first of all, I don't think China told you know,
4:21
Speaker 2: told you wrong to do? Anything you wrong is a
4:25
Speaker 2: is world superpower. Now, nobody gets to tell you wrong
4:28
Speaker 2: what to do. But what China did is to act
4:32
Speaker 2: as a mediator to facilitate the negotiations. I mean, there's
4:37
Speaker 2: a reason they chose Pakistan as a place of negotiation
4:41
Speaker 2: because Pakistan has a was in a unique position where
4:45
Speaker 2: it has good relationship with all the GCC countries. He
4:49
Speaker 2: has good relationship with you wrong, he has good relationship
4:53
Speaker 2: with the United States, and it has good relationship with China.
4:57
Speaker 2: So Pakistan is like acceptable party to all as like
5:02
Speaker 2: the middle ground. And this is where also you know,
5:06
Speaker 2: Pakistan and China. They are very close. So if you
5:10
Speaker 2: look at where the latest Chinese military hardware goes, it
5:14
Speaker 2: goes to Pakistan. Pakistan just receive They're going to receive
5:18
Speaker 2: the latest Chinese stealth fighter and they just receive a
5:22
Speaker 2: Chinese made submarine. So China likes to work behind the scenes,
5:30
Speaker 2: you know, it doesn't want to be seen like up
5:32
Speaker 2: you know, like front and center. Chinese prefer way of
5:36
Speaker 2: diplomacy is behind the scene, under closed doors and conduct
5:42
Speaker 2: the quiet diplomacy, which is quite different from the Trump
5:45
Speaker 2: style of thumping your chest and proclaiming victory like thirty
5:49
Speaker 2: nine times or fifty times and last count. And you know,
5:55
Speaker 2: China obviously has an interest to see the straight or
5:59
Speaker 2: ho moves being open to marine traffic because half of
6:04
Speaker 2: the China's UH oil, oil and gas imports come from
6:09
Speaker 2: the Persian Gulf region. And you know, like the closer
6:13
Speaker 2: closure of straight or homus mean, twenty barrels of oil
6:17
Speaker 2: per day was cut to about like what seven million
6:21
Speaker 2: barrels of sovereignty and for its territorial integrity and and
6:26
Speaker 2: this is why I don't think China pressure you round
6:29
Speaker 2: to do anything. I mean, if you look at the
6:31
Speaker 2: result of the terms. These terms are very good for Iran.
6:36
Speaker 2: Uran got a great deal out of it. Uh you know,
6:38
Speaker 2: you're at this at the present stage, and nobody is gonna,
6:42
Speaker 2: you know, pressure you round to do anything. But what
6:44
Speaker 2: China does is to access a facilitator to bring United
6:48
Speaker 2: States and and and you around to the negotiation table.
6:51
Speaker 2: H You know. With that, there's also the unstated fact
6:56
Speaker 2: that China has been supplying you around with material supports.
7:00
Speaker 2: You know, we already talk about China's providing you around
7:04
Speaker 2: with chemical precursors to make more ballistic weapons and ballistic
7:09
Speaker 2: missiles as well as uh engines for for Rani and June,
7:14
Speaker 2: et cetera, et cetera. Whereas China has maintained a export
7:19
Speaker 2: control on rare ergs to US military industrial complex, which
7:25
Speaker 2: crippled the US uh MIC's ability to continue to drag
7:30
Speaker 2: out this war. You know, they're unable to replenish their
7:35
Speaker 2: exist ammunition. This is why Trump assisted from continue a
7:43
Speaker 2: hot kinetic action type of work, and for a while
7:47
Speaker 2: he adopted the blockade strategy. But the blockcase strategy doesn't
7:51
Speaker 2: really work because what you really want to do is
7:54
Speaker 2: you want to calm down the energy market and to
7:58
Speaker 2: have the straight oh hor moves open. You know. So
8:01
Speaker 2: now what we have is again a complete Iranian victory.
8:08
Speaker 2: I think this is what China would like to see
8:10
Speaker 2: as well, because what China get out of it is
8:12
Speaker 2: the energy flow will continue. Having said that, China is
8:21
Speaker 2: actually was the best prepared nation for this crisis. Throughout
8:25
Speaker 2: three and a half month of closure of stri Homus,
8:27
Speaker 2: China had barely drawn down on its one point four
8:30
Speaker 2: billion barrels of strategic oil reserve. Unlike other nations. There
8:36
Speaker 2: was huge drawn down in the United States, in Japan,
8:40
Speaker 2: South Korea, all across the world. That was part of
8:43
Speaker 2: the reason they have been able to keep the oil
8:46
Speaker 2: price from shooting past one hundred and fifty dollars a
8:48
Speaker 2: barrel is because of the drawdown of the strategic oil reserve.
8:52
Speaker 2: But China barely touched its own oil inventory because China
8:55
Speaker 2: had plenty of oil to come in. On top of that,
8:59
Speaker 2: China had enough may make enough transition into UH into
9:08
Speaker 2: non oil related UH energy production that you know, China
9:13
Speaker 2: actually reduce its oil import by like six to seven
9:17
Speaker 2: million barrels of oil UH and and per day. And
9:22
Speaker 2: that's that that was huge. That's another factor that that
9:26
Speaker 2: was able to keep the oil price from skyrocketing. So
9:31
Speaker 2: so all in all, you know, China has shown that
9:34
Speaker 2: they their their strategy trying to diversify away from from
9:39
Speaker 2: hydrocarbons have been quite successful at least, uh you know,
9:42
Speaker 2: like from imported hydrocarbons, and and and and and and
9:47
Speaker 2: right now you know this is this is this is
9:50
Speaker 2: I think this is a result the the current m
9:55
Speaker 2: o U is the result is what China like to
9:58
Speaker 2: see as well.
9:59
Speaker 1: So just a question on that, because yeah, I did
10:01
Speaker 1: read quite a bit in terms of what you're saying
10:04
Speaker 1: that China essentially were importing about four to seven billion
10:09
Speaker 1: less oil into their country and instead they used alternate
10:13
Speaker 1: energy and because of that, that's part of the reason
10:16
Speaker 1: the oil prices didn't exponentially increase. And so the question
10:21
Speaker 1: about that is is because I've actually been proposed to
10:24
Speaker 1: propose this question myself by some people. So did China then,
10:28
Speaker 1: incidentally help the United States of America If the aim
10:30
Speaker 1: of Iran was to put a stranglehold on the economy
10:35
Speaker 1: or the world economy, and by doing so they wanted
10:38
Speaker 1: to increase, for example, the oil prices, China actually helped
10:42
Speaker 1: keep the prices down.
10:44
Speaker 2: Well, China actually helped the world. I mean like the
10:49
Speaker 2: you know, for example, when it comes to chemical fertilizers,
10:55
Speaker 2: Chinese chemical fertilizers are not made for financial gas. I'm like, oh,
11:00
Speaker 2: elsewhere in the world. Chinese chemical fertilizers made fund code
11:04
Speaker 2: to gasification process and this allowed the you know, China
11:09
Speaker 2: manufacture somewhere between twenty five to a third of the
11:14
Speaker 2: world's fertilizer supply. That kind of lessened the impact of
11:20
Speaker 2: to the world fertilizer or market. And China actually lift
11:25
Speaker 2: their ban on export of gasoline, diesel and jet field halfways,
11:30
Speaker 2: you know, only like a couple of weeks after the
11:33
Speaker 2: closure of the Straight or Ho moose because China realized,
11:35
Speaker 2: oh we have plenty. That helped to save the economies
11:40
Speaker 2: of a lot of Asian particularly Southeast Asian nations. Uh
11:45
Speaker 2: you know, I'm talking about Philippines, Indonesia, all these all
11:49
Speaker 2: these countries that depended on the imported diesel. Because let's
11:53
Speaker 2: face it. Let's face it, the closure of straight or
11:57
Speaker 2: homos and the oil shortage, it it does not cut
12:01
Speaker 2: off the energy supply to rich nations because the rich
12:05
Speaker 2: developed countries they can always bid on the global oil
12:08
Speaker 2: market for what they need. They just have to pay
12:11
Speaker 2: higher prices. It's a poor global South nation that suffered
12:15
Speaker 2: most because they cannot compete with United States or Europe
12:19
Speaker 2: or Japan to bid on the global oil market for
12:22
Speaker 2: a higher price of gasoline or diesel or jet fuel.
12:28
Speaker 2: So in a way, China helped to save a lot
12:32
Speaker 2: of the global suce countries from going under? Did it incidentally,
12:37
Speaker 2: always also lessen the pressure? Sure? Sure, sure you did that.
12:40
Speaker 2: But keep in mind China by keeping exporting gasoline, diesel,
12:46
Speaker 2: jet field, China helps save a lot of countries ass
12:50
Speaker 2: including countries like Australia. Australia was like days away from
12:54
Speaker 2: running out of jet field and they depended a lot
12:57
Speaker 2: of the jet field import coming from China. So yeah,
13:01
Speaker 2: I would say China save the ass of a lot
13:03
Speaker 2: of countries.
13:05
Speaker 1: Cool.
13:06
Speaker 2: Cool.
13:06
Speaker 1: Now you talked about energy, and there's a couple of
13:09
Speaker 1: key points that Trump made today. One of them I
13:12
Speaker 1: didn't see, but Larry mentioned it to me, and the
13:14
Speaker 1: other one I did see. So the first one was
13:17
Speaker 1: that they said that America was running out of oil
13:22
Speaker 1: reserves and the oil reserves weren't in a great situation
13:26
Speaker 1: or a great spot. And the second thing that they
13:28
Speaker 1: said was that the second thing he said, and I
13:32
Speaker 1: was gonna bring it up, I'll bring it up in
13:34
Speaker 1: a second is the what was again he said that
13:38
Speaker 1: the world would go into a depression if he didn't
13:41
Speaker 1: make this deal. What's your thoughts about.
13:45
Speaker 2: This ondred percent? Because we are on the edge of
13:52
Speaker 2: the economic precipitoe for the whole global economy. You know,
13:57
Speaker 2: like it's a big deal when you cut off, when
14:00
Speaker 2: you reduce twenty million barrels of oil coming from Persian
14:04
Speaker 2: Golf suddenly got reduced to a trickle to like five
14:08
Speaker 2: to seven million barrels of oil. And that is with
14:11
Speaker 2: all the oil was sneaking out of the both of
14:15
Speaker 2: the golf and also through the pipeline through the Saudi
14:19
Speaker 2: through through the Red Sea, and like, like I mentioned,
14:22
Speaker 2: a lot of you know, not not just the develop
14:27
Speaker 2: the developing economy were bring the most, but even like
14:35
Speaker 2: United States, which has plenty of oil and gas, was
14:38
Speaker 2: suffering as well because you know, guess what, Us, even
14:41
Speaker 2: though it was a big gas natural gas producer, was
14:44
Speaker 2: exporting all this expensive American lngs to Europe, to Japan
14:49
Speaker 2: to other places. So American farmers weren't able to afford
14:54
Speaker 2: the grist prices of chemical fertilizers because American chemical fertilizers
14:59
Speaker 2: are sent using natural gas. Uh, you know, seventy five
15:02
Speaker 2: percent of the American farmer said they can't afford the
15:05
Speaker 2: increase in the in diesel price and the chemical fertilizer price.
15:10
Speaker 2: And and by the way, the the spring planting season
15:15
Speaker 2: is over, folks, We're in the summer now, so the
15:20
Speaker 2: food shortage is already baked in. There's going to be
15:24
Speaker 2: a higher inflationary pressure down the road. You know, a
15:29
Speaker 2: lot of the disruption to the world economy is already here.
15:33
Speaker 2: To restore the production to the pre war level, it's
15:37
Speaker 2: going to take at least one year if everything goes smoothly.
15:41
Speaker 2: If everything goes smoothly, and that is also assuming that
15:45
Speaker 2: the shipping insurance, the ship insurance, shipping insurance will come down,
15:50
Speaker 2: because right now the war insurance for shipping has has
15:54
Speaker 2: gone quite up, quite dramatically. And that that you know
15:58
Speaker 2: that for a big VLCC oil tankers that's going to
16:03
Speaker 2: Persian Golf. The difference is even if the ships keeping going,
16:08
Speaker 2: the new shipping war insurance would mean additional ten million
16:13
Speaker 2: dollars per ship. That's that's a big calculation for you know,
16:20
Speaker 2: a lot of the shipping shipping lines, did you is
16:23
Speaker 2: it worth it? Is it worth it to we direct
16:26
Speaker 2: their ship back to the Persian Golf or will just
16:29
Speaker 2: take the longer route through the Horn of Africa. Will
16:32
Speaker 2: send our ships to South America, to North America to
16:36
Speaker 2: Africa to pick up oil from there. You know, even
16:39
Speaker 2: though the route is longer, it burns more fuel, it's
16:43
Speaker 2: still saved more money than ten million dollars additional over
16:48
Speaker 2: overhead and so and and there's also a matter of
16:55
Speaker 2: restoring production at the oil world level, because those things
16:58
Speaker 2: are not just a like your tap water you can
17:01
Speaker 2: turn on off. They had to maintain constant pressure at
17:05
Speaker 2: the well, the oil well and gas well in order
17:08
Speaker 2: to maintain the flow. So when you suddainly stop production,
17:12
Speaker 2: the pressure builds and over and over a long period time,
17:17
Speaker 2: that's going to break a lot of equipment and then
17:19
Speaker 2: those needs to be repaired. To give an example, Kuwait,
17:25
Speaker 2: you know, a lot of the Kuwait's oil infrastructure was
17:27
Speaker 2: damaged during the Golf War back in the early nineteen nineties.
17:31
Speaker 2: Today they still haven't reached that level of production they
17:37
Speaker 2: had before the golf war. So the idea that somehow
17:42
Speaker 2: we're just going to back to the pre word world
17:48
Speaker 2: like with a snapple finger, that's that's fantasy. We are
17:52
Speaker 2: already looking at least one year worth of destruction in
17:56
Speaker 2: the in the world energy supply chain. Now if had
18:01
Speaker 2: Trump dragged this war even longer, then it's only going
18:06
Speaker 2: to make matter even worse. So we're we're looking at
18:10
Speaker 2: the difference between a economic recession or economic depression. You
18:16
Speaker 2: know what what pressure Trump to make this deal is
18:20
Speaker 2: he's trying to She's trying to prevent the slide from
18:25
Speaker 2: a recession to a depression with a D.
18:29
Speaker 1: And that's what Trump had to say today. Let me
18:32
Speaker 1: just show you this video of Trump earlier essentially explaining
18:37
Speaker 1: this point in terms of what we're talking about. This
18:40
Speaker 1: is where you have to say and stupid.
18:44
Speaker 3: It's in the low seventies now, right, that's amazing. So
18:48
Speaker 3: that's what speaks. It speaks louder than where the alternative
18:52
Speaker 3: would be a worldwide depression. You know, the stupid people
18:56
Speaker 3: want to have a worldwide depression and the stupid people
19:01
Speaker 3: so he can only go so far. Drive somebody into
19:05
Speaker 3: the ground and matter bad things happen. Number One, the
19:08
Speaker 3: Straight would never open because they don't like floating billion
19:13
Speaker 3: dollar ships up and down a straight when the rockets
19:16
Speaker 3: flying over them in minds all over the place. So
19:18
Speaker 3: the Straight would never be open. It wouldn't be open
19:20
Speaker 3: for a long time. So we have we have a
19:24
Speaker 3: very hard stock market, and we have a very starting
19:27
Speaker 3: to be a very low oil price and then it's
19:29
Speaker 3: in the low SEP.
19:30
Speaker 1: So that's really important, right Carl, because and the reason
19:33
Speaker 1: why that's important is this he let out something really
19:36
Speaker 1: important and it's something that I've always held my view on.
19:39
Speaker 1: I didn't think that they would destroy the financial market completely.
19:44
Speaker 1: And what he's basically saying is he's squeezed enough. They've
19:48
Speaker 1: basically done as much wealth transfer as they can and
19:51
Speaker 1: we're going to see the results of that over time.
19:53
Speaker 1: But if they squeeze more and people have no hope left,
19:58
Speaker 1: that's that's something that all about never won, because that
20:01
Speaker 1: is then anarchy, that is rebellion. And so he said,
20:05
Speaker 1: we couldn't do it anymore. But anyway, that was my thoughts.
20:07
Speaker 1: But Glad, what you thoughts on us?
20:09
Speaker 2: Well, I mean, he he has done plenty of Walls
20:13
Speaker 2: transferred to his own family. I mean, this guy market
20:17
Speaker 2: manipulation put Nancy Pelosi to Shane. I mean, like just
20:23
Speaker 2: just making those thirty nine announcement for for making peace
20:27
Speaker 2: deal and then suddenly switched tact end of the end
20:31
Speaker 2: of the week when the market closes, his son, Baron
20:34
Speaker 2: Trump was making a killing, you know, like beating all
20:37
Speaker 2: the Wall Street all the Wall Street hedge fund guys. Uh,
20:41
Speaker 2: it's it's it's ridiculous, and but but you know it's
20:44
Speaker 2: it's it's by design. This is how American system works.
20:49
Speaker 2: The war has been very good for for American big
20:53
Speaker 2: oil producers. You know, the Shall Shall reported the first
20:58
Speaker 2: quarterly earning the double double their profit over the last quarter.
21:03
Speaker 2: And and you if when they report their second quarter earning,
21:07
Speaker 2: that's even going to be even bigger because the first
21:09
Speaker 2: quarter earning only included uh like because the war started
21:13
Speaker 2: February twenty eighth, so it's only March that falls into
21:17
Speaker 2: that period. So so the their second quarter early is
21:20
Speaker 2: going to be even greater. And the big oil company
21:23
Speaker 2: are the major backers of Trump. Their profiting, but everybody
21:28
Speaker 2: pays the bill. You know, that's how American America works.
21:33
Speaker 2: Its socialized the cost but but but but uh, but
21:38
Speaker 2: then then then all the profit, all the all the
21:40
Speaker 2: all the profit goes to a very few pocket And
21:44
Speaker 2: but with the you know, the funny thing is socialized.
21:48
Speaker 1: And the socialize the losses for the autogags as well.
21:51
Speaker 2: But do continuea it's it's it's you know, it's socialism
21:55
Speaker 2: for the rich. You know, they always get get bailed out.
21:58
Speaker 2: They always get bail out. Everybody life is a burden
22:01
Speaker 2: of sharing the cost and the risk.
22:04
Speaker 1: I say America is socialism for the rich, capitalism for
22:08
Speaker 1: the paw because whenever the rich are in trouble, they
22:11
Speaker 1: always bail them out. So they build the banks during
22:14
Speaker 1: the bank run, they build the banks previously, during the
22:17
Speaker 1: financial crisis, even during the tariff war with China. Right,
22:22
Speaker 1: what happened. Part of the reason he pulled out was
22:23
Speaker 1: because people like Bill Ackman, Ben Shapiro, a lot of
22:27
Speaker 1: these billionaires, zions, billionaires, they all were like, we've long
22:31
Speaker 1: the market. This is going to be harmful to us.
22:33
Speaker 1: So he jumped in and changed his entire policy for them.
22:36
Speaker 1: So it is definitely United States of America is socialism
22:39
Speaker 1: for the rich, capitalism for the paw. But sorry I
22:41
Speaker 1: jumped in. Go ahead.
22:42
Speaker 2: Yeah, I mean that that is by design, that's how
22:45
Speaker 2: the system works. It's a feature, not a bug. And
22:49
Speaker 2: but the but the funny thing that Trump says, oh,
22:51
Speaker 2: only the stupid people want the world depression. I wonder
22:55
Speaker 2: which stupid people that God has seen It's mess in
22:58
Speaker 2: the first place. Right, see that Egyptian president. I think
23:01
Speaker 2: that it was like trying to hold in laughter the
23:06
Speaker 2: whole time. But but yeah, this is ridiculous. But but
23:12
Speaker 2: I'm glad where the US establishment is finally coming to
23:16
Speaker 2: its sensus that they realize it's not sustainable. As much
23:20
Speaker 2: as they can squeeze the world and and American tax paces. Uh,
23:25
Speaker 2: it reaches a point where it's gonna it's just gonna
23:30
Speaker 2: break the whole system. So so they I'm glad they
23:33
Speaker 2: step back from that economic PRECIPITUEU. As you mentioned, they
23:38
Speaker 2: can't they can't squeeze people anymore, you know, anymore, there's
23:41
Speaker 2: going to be systematic breakdown.
23:43
Speaker 1: So let's look at this memorandum of understanding. How do
23:48
Speaker 1: you see this sanctions relief a part of it? And
23:51
Speaker 1: that's what I want to talk to you about, because
23:53
Speaker 1: you know, the kind of financial implications of this. So
23:57
Speaker 1: you basically have it where it's the limiting of all
24:00
Speaker 1: all oil sanctions, petroleum sanctions, basically energy sanctions, but not
24:05
Speaker 1: only the lifting of those sanctions, but also the financial
24:10
Speaker 1: mechanism related to them. So I mean those assets can't
24:14
Speaker 1: be seated in the future and they're able to procure
24:17
Speaker 1: the proceeding proceeds from it. What's your thoughts on this.
24:21
Speaker 2: Well, I mean that is a basic demand for Uranian
24:24
Speaker 2: You know, what's the point of lifting the oil sanction
24:29
Speaker 2: just to have the US Treasury Department to freeze their
24:32
Speaker 2: fund at the bank level, right as Scott Beson himself
24:36
Speaker 2: boasted openly in front of the television. So all these
24:41
Speaker 2: sanction has to go, all these the financial sanctions, et cetera,
24:46
Speaker 2: they all have to go there, and they have to
24:48
Speaker 2: unfreeze the Iranian asset that US government has seized before.
24:54
Speaker 2: You know, So this way because what Urun needs is
24:59
Speaker 2: a guarantee, a guarantee that we will not uh you know,
25:04
Speaker 2: return back to you know, it's because Trump did this
25:08
Speaker 2: before he tore up j C. P o A. Uh.
25:10
Speaker 2: You know, there was a deal that was signed between
25:13
Speaker 2: the US government and Iran regarding to Uran's nuclear program.
25:18
Speaker 2: But Trump first term that he tore up that deal
25:22
Speaker 2: and ran won certain level of guarantee that would not
25:25
Speaker 2: be that would not be repeated. You know, we're not
25:28
Speaker 2: going to be like a few months later back into
25:30
Speaker 2: back to the war again. But what Uran does have,
25:36
Speaker 2: you know, their ace in the whole is their control
25:39
Speaker 2: of Straight hor Moose because they also know at any time,
25:43
Speaker 2: if US do renee on the deal, well guess what,
25:45
Speaker 2: the Straight of Homos will be closed. And US has
25:49
Speaker 2: no uh, they have no no leverage over that. You
25:54
Speaker 2: know that if if they were able to open the
25:56
Speaker 2: Straight or Homos, they would have done it already. They
25:59
Speaker 2: have no option them, no military option to open the
26:02
Speaker 2: Serrada Hormoves to challenge Iran in control of the Straight,
26:05
Speaker 2: and this is why they have to, you know, come
26:08
Speaker 2: to the negotiation table and sign the MU So I
26:12
Speaker 2: think that way. I think Iran made the decision. You
26:16
Speaker 2: know what, our control of Srida Hormoz is almost as
26:20
Speaker 2: good as possession of actual nukes because this is the
26:26
Speaker 2: new coding over the world economy and so so. So
26:30
Speaker 2: that's why they agree to uh, you know, not to
26:35
Speaker 2: further any enrichment of Uranian, which is fine because they're
26:40
Speaker 2: already a nuclear threashold state there. They already hope of
26:43
Speaker 2: sixty percent. Uh, they're already enrached. Youre Uranian too, like
26:48
Speaker 2: sixty percent, it's very easy to go from sixty percent
26:50
Speaker 2: to ninety percent and so so so again, all Iran
26:55
Speaker 2: at this point they hold all the cars and so
26:59
Speaker 2: this is why this deal is very good for them.
27:01
Speaker 2: And this is a complete surrender by the United States.
27:06
Speaker 1: So in terms of the sanctions relief, another thing that's
27:10
Speaker 1: going to be part of the deal is complete removal
27:13
Speaker 1: of all sanctions primary, secondary, all sanctions to be released,
27:19
Speaker 1: assets to be given back to them. You mentioned earlier
27:22
Speaker 1: in the show that Iran is going to be a
27:24
Speaker 1: world superpower. Can you elaborate and illuminate on what you
27:28
Speaker 1: mean by Iran the com in a world superpower?
27:31
Speaker 2: Well, I mean if a country can cut off twenty
27:35
Speaker 2: percent of the world's hydrocarbon supply and nobody can do
27:40
Speaker 2: anything about it, they are a superpower by definition. You know,
27:45
Speaker 2: we've seen that. You know, US is supposed to be
27:48
Speaker 2: this world global cop hedge amoun right, and that the
27:53
Speaker 2: whole idea of US Imperial Alliance is by hosting military
27:59
Speaker 2: basis soil, you're supposed to get protection. The US security
28:03
Speaker 2: and bull are supposed to cover you. But the war
28:05
Speaker 2: winds Iraq has shown that's all farce. You know, having
28:09
Speaker 2: US base actually make you a target for urrounding this
28:13
Speaker 2: South and Jones and US has no reliable way of
28:17
Speaker 2: shutting that down. And they can't. They can't offer protection
28:20
Speaker 2: to their vassals. They cannot open the street or homos,
28:24
Speaker 2: they cannot you know, they cannot challenge you running position
28:29
Speaker 2: in West Asia, you know, so I I mean it's
28:33
Speaker 2: it's pretty unambiguous now, you know you Ruan has a
28:36
Speaker 2: veto over the whole world economy. I mean, like twenty
28:41
Speaker 2: percent of the oil and gas is a big deal,
28:46
Speaker 2: no doubt. So.
28:48
Speaker 1: Also in terms of the world superpower, I was more
28:50
Speaker 1: talking from the because you're talking more from the kind
28:53
Speaker 1: of control aspect, the kind of ability to administer military
28:58
Speaker 1: consequences all in this way, military consequences which have financial implications.
29:05
Speaker 1: But I'm also talking about the idea that Iran is
29:08
Speaker 1: now going to be part of the world economy. It
29:11
Speaker 1: will have obviously the military power in the Middle East.
29:15
Speaker 1: You've seen the level of power they have through their
29:17
Speaker 1: military capability, but also financially they are essentially I have
29:22
Speaker 1: pepeon many times, he explains, as do many others as
29:25
Speaker 1: and I aw the same position that Iran is in
29:27
Speaker 1: a key position through China for a number of key corridors.
29:32
Speaker 1: In addition to that, you have it where Iran is
29:36
Speaker 1: essentially going to be having all sanctions removed from it.
29:39
Speaker 1: There will be a key point for the North South
29:41
Speaker 1: East West corridor. There's even this initiative between Iran and Pakistan,
29:47
Speaker 1: this oil that this oil corridor that they're going to do,
29:49
Speaker 1: which China is involved in. So I'm talking more from
29:53
Speaker 1: that perspective. If all of those things are enacted, and
29:55
Speaker 1: if you can elaborate on that, how much of an
29:58
Speaker 1: impact will that have on Iran has been a power
30:02
Speaker 1: in the Middle East, and as by what you said,
30:04
Speaker 1: a global superpower.
30:07
Speaker 2: Well, first of all, the you know, US have been
30:10
Speaker 2: waging this campaign of regime change against Iran for decades
30:14
Speaker 2: and a major part of that is through economic strangulation,
30:20
Speaker 2: UH through the sanctioned regimes, and now with the lifting
30:23
Speaker 2: of all the sanctions, it's admission that United States has
30:27
Speaker 2: failed and not only US has failed. But all this
30:30
Speaker 2: increased economic activity that will bring reintegrate Iran into the
30:35
Speaker 2: global trade networks, it's gonna it's going to strengthen and
30:40
Speaker 2: enrage yourn further. So I mean forget about regime change.
30:43
Speaker 2: You know, Iranian government is in a very strong position
30:47
Speaker 2: right now. Uh they they they just got their position,
30:51
Speaker 2: their prestige, their power boaster by the result of this war.
30:57
Speaker 2: And and and you wrong itself. Not only that it
31:01
Speaker 2: controls the straight or Homos, it's been sitting, you know,
31:05
Speaker 2: right next to the Persian Gulf, but it's it's strategic position.
31:10
Speaker 2: Kind of strike in the middle of the Eurasian continent
31:14
Speaker 2: has always been a very strategic uh position. You know,
31:18
Speaker 2: you have your run. As you mentioned, you kind of
31:22
Speaker 2: serve as a nexus of the different economic corridors that
31:28
Speaker 2: connect say China, Russia, East West Asia. And now he
31:33
Speaker 2: can perform that role by reintegrating itself back into the
31:38
Speaker 2: world economy. There's a lot of companies, a lot of
31:43
Speaker 2: businesses who would very much like to go do business
31:47
Speaker 2: with Irun, but they have been held back by the
31:50
Speaker 2: US secondary sanctions. And now now with all these secondary
31:55
Speaker 2: sanctions remove, Iran's economy is going to receive a major
31:59
Speaker 2: boost and this will boost its economic power, and economic
32:04
Speaker 2: power ultimately is a basis for its military power. So
32:09
Speaker 2: so overall this is UH. This is great for not
32:13
Speaker 2: only for Uran, but also for Bricks because Iran is
32:16
Speaker 2: a bricks member and it's part of its has signed
32:20
Speaker 2: on to the Balti and Road initiative.
32:23
Speaker 1: UH.
32:23
Speaker 2: China has built railroad through Central Asia to Yuran, which
32:28
Speaker 2: actually functioned as one of the vital links to supply
32:33
Speaker 2: materials to Iran during this war. That will continue, you know,
32:37
Speaker 2: the ports I expect UH, there will be more investment
32:40
Speaker 2: into the ports of Iran.
32:42
Speaker 3: UH.
32:44
Speaker 2: Before during Biden era, United States Israel, they had a
32:50
Speaker 2: proposed a project of like the the the Middle East
32:55
Speaker 2: Corridor that will you know, some some kind of land bridge,
33:00
Speaker 2: the plan to ship goods from India to to you know,
33:06
Speaker 2: to UAE and then have an over land route through
33:11
Speaker 2: Saudi Arabia connect to Israel. Right that all that idea,
33:16
Speaker 2: the whole idea of that corridor is completely bypassed. You run,
33:20
Speaker 2: and also it's tilted as an alternative to China's Belting
33:24
Speaker 2: Road initiative. Well, that project is is pretty much dead
33:28
Speaker 2: in the water. Now, especially after October seventh. But this again, this,
33:34
Speaker 2: this will only bolster Youran's own road in the region
33:39
Speaker 2: as the as the nexus of all these land bridges
33:42
Speaker 2: coming together.
33:45
Speaker 1: Yeah, and that's that's going to be extremely important. Now,
33:48
Speaker 1: another element of the deal which I wanted to talk
33:50
Speaker 1: to about was Lebanon. This is always the Quagmai appoint
33:55
Speaker 1: and I think if this wasn't an issue, there probably
33:57
Speaker 1: would have been a deal a lot sooner. Lebanon is
34:01
Speaker 1: included in the deal. It also says quite clearly, unequivocally,
34:05
Speaker 1: that Israel needs to respect the sovereign right of Lebanon.
34:09
Speaker 1: It means they need to leave Lebanon as well. How
34:12
Speaker 1: much of a chance do you think that the israelis
34:14
Speaker 1: fulfilledness and what is the chance that they go back
34:17
Speaker 1: to one? The reason I asked this is because again
34:20
Speaker 1: there is this understanding that China has been put in
34:22
Speaker 1: pressure on Israel as well not to respond allegedly thoughts.
34:26
Speaker 2: Well, Israel is a fly in the ointment in this
34:30
Speaker 2: deal because Israeli interest has always been to drag Youran,
34:36
Speaker 2: to drag United States into war against Iran, to destabilize
34:39
Speaker 2: Middle East, so Israel can have a chance to achieve
34:44
Speaker 2: its greater Israel project. And what part of the greater
34:47
Speaker 2: Israel project is destabilization of Lebanon and occupation of Lebanon.
34:53
Speaker 2: And the Yahoo already said, you know, they would like
34:56
Speaker 2: to continue to pursue their Israel's own objective in Lebanon,
35:00
Speaker 2: which right now they are turning southern Leblon into another Gaza.
35:05
Speaker 3: Uh.
35:05
Speaker 2: This is why Youran has insisted that Lebanon must be
35:09
Speaker 2: part of the deal. Israel must desist. Well what is doing?
35:15
Speaker 2: So this is where I'm gonna see. This is you know,
35:19
Speaker 2: this is one of the details in the deal that
35:23
Speaker 2: potentially could make or break the deal because you know,
35:28
Speaker 2: Natoyahu has been very insistent Israel have the right to
35:32
Speaker 2: do whatever he wants. And I don't know if the
35:36
Speaker 2: United States United States definitely have the wherewithought to restrain Israel.
35:42
Speaker 2: The question is does the United States have the political
35:46
Speaker 2: will to restrain Israel? You know, to to restrain Israel
35:51
Speaker 2: is actually easy. It's just to have the United States
35:55
Speaker 2: sit down with the leader of Israel, this case Natiyahoo
35:58
Speaker 2: and say, okay, you got to stop doing what you're
35:59
Speaker 2: doing or will stop all the aid. Uh. You know,
36:03
Speaker 2: the US can't do that. On occacious. They did that
36:06
Speaker 2: when Israel was selling weapons to China back in the
36:10
Speaker 2: early two thousands and United States set down Israel, give
36:14
Speaker 2: it a talk, and Israel stopped. So if the United
36:19
Speaker 2: States really want to exert its political will, you can't.
36:24
Speaker 2: The question is, uh, would Trump be able to fight
36:31
Speaker 2: the Israeli lobby? And it's interesting Washington over that because
36:35
Speaker 2: you know, Israel lobby is still over has an overwhelming
36:39
Speaker 2: influencing Washington. It basically has a whole pose aisle of
36:43
Speaker 2: the Congruse in its pocket. This is why you saw
36:47
Speaker 2: very little opposition from the Democratic Party during the war,
36:52
Speaker 2: because they're they're they're you know, they don't have any
36:55
Speaker 2: disagree fundamental disagreement with Trump. Their only disagreement is Trump
36:59
Speaker 2: is they would prefer to be the one doing the
37:02
Speaker 2: bidding for Israel rather than Trump's administration. Uh so, so yeah,
37:07
Speaker 2: that's that's that's a that's a big one. I expect
37:13
Speaker 2: that the Yahoo will keep on doing what he wants
37:16
Speaker 2: to do until he is being stopped by a restraining hand.
37:24
Speaker 2: And I don't know if United States can play that
37:28
Speaker 2: role it has the capability, I don't know. I just
37:31
Speaker 2: don't know whether the US establishment at this point can
37:36
Speaker 2: really break away from the Israeli lobby influenced to go
37:40
Speaker 2: to do something so contrary to the Israeli interest.
37:46
Speaker 1: So you talked about the US and what pressures they
37:48
Speaker 1: can put on what pressures can China put on them?
37:51
Speaker 1: And the reason I ask that is because China is
37:53
Speaker 1: becoming very influential. I know China has if you can
37:57
Speaker 1: elaborate on this, China has trade deals with this, They've
38:00
Speaker 1: got significant investment in Haifapop. So what pressures can China
38:05
Speaker 1: put on a country like Israel.
38:08
Speaker 2: Well, I mean if China choose to uh, you know,
38:12
Speaker 2: China can also apply economic pressures. As you mentioned, China
38:17
Speaker 2: do have a lot of commercial interests and and there's
38:22
Speaker 2: a lot of uh uh China. Israel does rely on
38:27
Speaker 2: China to supply a lot of the daily daily goods.
38:31
Speaker 2: So if if China wants, I think it can definitely
38:35
Speaker 2: apply economic pressure against Israel. And and I'm right now
38:42
Speaker 2: I'm looking at of course, the most direct pressure would
38:48
Speaker 2: be Washington telling Israel like, look, if you if you
38:52
Speaker 2: don't stop what you're doing in Lebanon, all the aid
38:57
Speaker 2: US American aid will stop coming that that will be
39:00
Speaker 2: the most direct pressure because Israel can survive even under
39:05
Speaker 2: a Chinese economic sanction because you know, they can just
39:09
Speaker 2: buy goods from elsewhere through third party, you know, like
39:13
Speaker 2: you know, United States can just keep on buying Chinese
39:16
Speaker 2: goods and we sell them to Israel. The Israeli may
39:19
Speaker 2: have to pay a little slight premium over, you know,
39:23
Speaker 2: for the third party, but they will not run out
39:25
Speaker 2: of the essential goods. But if United States decide to
39:30
Speaker 2: cut off the aid for Israel, that is more an
39:34
Speaker 2: existential issue for Israel. So I'm I'm hoping, I'm hoping
39:41
Speaker 2: that there's enough people in the US foreign policy establishment
39:46
Speaker 2: that realize that they can, you know, they have to
39:49
Speaker 2: make a choice. One is to one is to obey
39:56
Speaker 2: israel interest. The other one is to stop the world,
40:01
Speaker 2: including the United States, from sliding into a world economic depression,
40:05
Speaker 2: because that would happen if the straight off her moose
40:08
Speaker 2: remains close, which is a big incentive for us to
40:13
Speaker 2: actually break away from the Israeli uh influence are.
40:20
Speaker 1: We shall see, we shall say. Now another element of
40:25
Speaker 1: the deal is the straight of hermose. We talked about
40:28
Speaker 1: the importance of the straight her moose in detail, but
40:32
Speaker 1: it seems like what's happening and there's a bit of
40:34
Speaker 1: conflict be souse. I'm just saying now that there is
40:36
Speaker 1: a report allegedly saying that Iran will charge a feast,
40:39
Speaker 1: but I'm not sure about this. But what the document
40:42
Speaker 1: clearly says is that for sixty days there will be
40:44
Speaker 1: no charging of feasts, and then after that, obviously it
40:48
Speaker 1: says only sixty days, which means seems to suggest that
40:51
Speaker 1: after that it's going to be Arang's choice whether it
40:53
Speaker 1: wants to charge or not. The document also says that
40:57
Speaker 1: Uman and Iran are going to have complete administration control
41:01
Speaker 1: administrative control of the Straight of r Moose. What does
41:05
Speaker 1: that say about again, the implications of this and how
41:09
Speaker 1: much of a loss is this because they didn't have
41:11
Speaker 1: control of the moose before this war started.
41:15
Speaker 2: Yeah, I mean this is pretty big because prior to this,
41:20
Speaker 2: the International Convention was that while the Straight of Homose
41:27
Speaker 2: basically was divided into the territorial water of Iran and
41:31
Speaker 2: Oman the countries inside the Persian Gulf, most of the
41:37
Speaker 2: GCC countries have a right of transit through the Strait
41:42
Speaker 2: uh without without paying toes, and that has been that
41:46
Speaker 2: has been the way of things before the war started.
41:52
Speaker 2: Now it's uh. At this point, the GCC country may
41:56
Speaker 2: not have a choice because it's either paid the toes
41:59
Speaker 2: or they will not be able to sell any of
42:02
Speaker 2: their oil again if they're if they don't uh, if
42:08
Speaker 2: it's just the GCC countries, they might be able to
42:12
Speaker 2: might be able to be forced into this accept this agreement,
42:17
Speaker 2: you know, unless United States object of course. But again,
42:23
Speaker 2: you know it's I think it's just remain to be
42:26
Speaker 2: worked out. We'll have to see what happens within sixty days.
42:30
Speaker 2: Sixty days can be a very long time, as we
42:32
Speaker 2: find out this year and and right now, currently we
42:38
Speaker 2: do see a lot of interests at least among a
42:42
Speaker 2: lot of the shipping shipping lines. A lot of the
42:45
Speaker 2: oil containers are now hanging around the Indian Ocean, you know,
42:51
Speaker 2: hoping to take advantage of this uh uh reopening of
42:55
Speaker 2: the strait or homos. Looks like they're all prepared to
42:59
Speaker 2: head over to the proving golf again. So uh, we
43:03
Speaker 2: just have to wait and see. Uh. Currently we don't.
43:07
Speaker 2: We haven't seen any one voice like kind of public
43:11
Speaker 2: opposition against the uh clicking of the toe by Iran
43:16
Speaker 2: other than GCC country and the United States and and
43:19
Speaker 2: and more recently that our position has been muted. So
43:24
Speaker 2: again these are just some of the details that that
43:26
Speaker 2: remains to be work out. We have to see how
43:28
Speaker 2: how that develops.
43:30
Speaker 1: Yeah, and so on the on that. Obviously we'll see
43:34
Speaker 1: how it develops. But quite clearly it does seem to
43:36
Speaker 1: be that Iran is going to have control over the
43:39
Speaker 1: straight or her moves. They're going to have control over
43:41
Speaker 1: the administration of the straight ORR Moose And the only
43:44
Speaker 1: bit of question is whether they're going to charge fees
43:47
Speaker 1: for the first sixty days. The deal seems to be
43:49
Speaker 1: that they want but I don't know. There's a statement
43:51
Speaker 1: coming out, but again I haven't checked the interviewing, whether
43:54
Speaker 1: it's from official challenge or not. But I didn't see
43:56
Speaker 1: something saying that there could be possibly some form of
43:58
Speaker 1: disagreement on that. Now, the when you look at the deal,
44:04
Speaker 1: it's for sixty days, it has this ability to be extended,
44:07
Speaker 1: so much concerned that this might be extended for like
44:11
Speaker 1: a year, for a very long time. What's your thoughts
44:14
Speaker 1: on the kind of pros and con cons of these
44:18
Speaker 1: unlimited possibility, the possibility of an unlimited amount of extensions.
44:24
Speaker 2: Yeah, I mean, like the business. The one thing that
44:29
Speaker 2: business really hate is instability, uh because that really limit
44:34
Speaker 2: their uh the because the business the want stability able
44:40
Speaker 2: to make long term investment decisions. Right, and these extensions
44:45
Speaker 2: well nice, but still baked in a lot of uncertainty.
44:50
Speaker 2: You know, what happens and that the deadline is reached
44:53
Speaker 2: and the extension now extended. So uh it's I think
44:57
Speaker 2: it's every What everyone wants is to have the sixty
45:03
Speaker 2: days extension whatever to to finally formalize into a long
45:09
Speaker 2: term solution. Uh. You know that that that's the only
45:12
Speaker 2: guarantee to have the business to return return to a
45:16
Speaker 2: pre war quote unquote normal because you know, like right now,
45:23
Speaker 2: there's just too much uncertainty, uh surrounding this issue. You know,
45:28
Speaker 2: United nobody is going to know whether US Israel or
45:31
Speaker 2: You're wrong will be able to uh you know, restart
45:35
Speaker 2: the whole uh closure and or restart kinetic action and
45:42
Speaker 2: so so people are trying to put this. People are
45:45
Speaker 2: looking for clarity, by which I mean they're looking for stability.
45:50
Speaker 2: So everyone is waiting for like a final settlement of
45:55
Speaker 2: terms before they can continue to you know, pursue long term,
45:59
Speaker 2: long term investment decisions, particularly in the in the in
46:04
Speaker 2: the golf region.
46:05
Speaker 1: Yeah, that there's always that risk about the instability. But
46:08
Speaker 1: when when do you think people start becoming a lot
46:10
Speaker 1: more comfortable, Like when the final deal happens, or like when, well, I.
46:15
Speaker 2: Mean right now, people have no choice. Right, people just
46:19
Speaker 2: have to accept what they can get. But I think
46:23
Speaker 2: the you know, they if to calm down the energy
46:28
Speaker 2: market and the world financial market, people are expecting a
46:36
Speaker 2: settlement sooner rather than later. I mean, the longer this
46:39
Speaker 2: thing drags out, it's like a it's a dead weight
46:42
Speaker 2: hanging over the world economy because you know, there's a
46:47
Speaker 2: lot of money. There's a lot of money at stake here,
46:50
Speaker 2: you know, not least of which are all these oil
46:55
Speaker 2: wealth of the GCC countries. They need to make a
46:59
Speaker 2: decision where their money gonna go.
47:02
Speaker 1: Uh.
47:03
Speaker 2: You know, some of them have already made the decision, uh,
47:06
Speaker 2: to take to part that wealth elsewhere. There's indication that
47:10
Speaker 2: there's a lot of money coming out of West Asia
47:14
Speaker 2: going into Southeast Asia and China. You know, Hong Kong
47:18
Speaker 2: just became the largest destination of foreign funds, overtaking Switzerland
47:24
Speaker 2: and I think that a lot of the golf money
47:26
Speaker 2: is is a reason for that.
47:29
Speaker 1: No doubt. Kyle, thank you so much for taking your
47:32
Speaker 1: time out to join us. Always appreciate you joining us.
47:35
Speaker 1: I know people can find you on the Silk and
47:38
Speaker 1: Steel podcast, which they can find on Patreon, I believe,
47:42
Speaker 1: as well as on YouTube. Is that right?
47:43
Speaker 3: Is that?
47:43
Speaker 1: Where else can people find you?
47:45
Speaker 2: Yeah? My YouTube, my my channel is under just just
47:50
Speaker 2: same as my name, carls Are. I'm also a prolific
47:53
Speaker 2: ship poster on x You can find me under my
47:56
Speaker 2: hand on Carl's as well.
47:58
Speaker 1: So yeah, there's no there's no the wrong with trolling.
48:01
Speaker 1: I just put up Trump with a white flag leg
48:03
Speaker 1: Sometimes sometimes we give the news, but sometimes we've got
48:05
Speaker 1: to do a bit of trolling as well. So we're
48:07
Speaker 1: down with the trolling for sure. But Carle, thank you
48:09
Speaker 1: so much for taking your time or to join for
48:11
Speaker 1: joiners and really appreciate you coming on anytime. Thank you
48:15
Speaker 1: so much. That was Carl Zar. Do check him out
48:18
Speaker 1: on YouTube and Praytreon guys. Make sure you like this video.
48:22
Speaker 1: Let's get the likes up. Make sure you share this
48:24
Speaker 1: video and subscribe to the channel. Have your notifications on