Latest / Breaking Points with Krystal and Saagar / 5/18/26: Iran War On Verge Of Resuming, Trump Attacks Voters On The Economy

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5/18/26: Iran War On Verge Of Resuming, Trump Attacks Voters On The Economy · Breaking Points with Krystal and Saagar

0:00
Speaker 1: Hey guys, Saga and Crystal here.
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Speaker 3: dot com. Good morning, everybody, Happy Monday. Have an amazing
0:36
Speaker 3: show for a buddy today or we have Crystal.
0:37
Speaker 2: Indeed we do, Trump making new threats against Iran. Also,
0:42
Speaker 2: we've got to look at the economic fallout. Time to
0:44
Speaker 2: start hoarding motor oil apparently because there's a dire situation developing.
0:49
Speaker 4: Their shortages imminent.
0:51
Speaker 2: Thomas Massey facing the fight of his life an onslaught.
0:54
Speaker 2: It's now the most expensive congressional race in history as
0:57
Speaker 2: the Israel lobby pours cash into that race to try.
1:01
Speaker 4: To defeat him.
1:01
Speaker 2: We will preview that we're also taking a look at
1:04
Speaker 2: new bogus intel that's being laundered on Cuba to try
1:07
Speaker 2: to create a pretext for an invasion.
1:09
Speaker 4: Trump made thousands.
1:11
Speaker 2: Of trades as president, like more than three thousand stock trades,
1:15
Speaker 2: including for companies like oh, I don't know, Pallenteer, Nvidia,
1:18
Speaker 2: some top names that you have.
1:20
Speaker 4: Certainly heard about.
1:20
Speaker 2: And then he has certainly been influential in pushing and
1:24
Speaker 2: we've got a few other corruption stories here as well,
1:26
Speaker 2: including Cash Battel with a VIP snorkeling trip at Pearl
1:31
Speaker 2: Harbor of all places.
1:33
Speaker 4: So just incredible things happening there.
1:35
Speaker 1: You or I.
1:36
Speaker 3: They actually banned swimsuits at Pearl Harbor, which I massively support,
1:39
Speaker 3: don't get me wrong, but apparently not for Cash Hotel.
1:42
Speaker 3: Now what I love are all the other government officials
1:44
Speaker 3: who are like guys, I snorkeled at Pearl Harbor years ago.
1:48
Speaker 3: I'm like, oh, okay, so apparently this has been a
1:50
Speaker 3: secret thing that's been going on for quite some time.
1:53
Speaker 3: Mister Cash literally escorted by navy suit. I'm not sure
1:56
Speaker 3: why these types of things make me so hot, but
1:58
Speaker 3: I think everybody, every America should be disgusted by this irreverence,
2:03
Speaker 3: the display of what they decide to do not only
2:06
Speaker 3: with our tax dollars, but in which they treat everyone.
2:09
Speaker 1: So there you go. Thank you to everybody.
2:11
Speaker 3: If you are watching this on YouTube, please hit subscribe
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Speaker 3: to our YouTube channel, and if you're listening to this podcast,
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Speaker 3: please share an episode with a friend. It really helps
2:19
Speaker 3: other people find the show. But as Chrystal said, we're
2:21
Speaker 3: gonna go ahead and start with the war with Iran. Let's
2:24
Speaker 3: put a one up there on the screen. So Donald
2:27
Speaker 3: Trump's latest truth social post for Iran. The clock is ticking.
2:32
Speaker 3: They better get moving fast or there won't be anything
2:35
Speaker 3: left of them.
2:35
Speaker 1: Time is of the essence.
2:37
Speaker 3: This is paired actually with some new analysis from treat
2:41
Speaker 3: to Parsi. Let's go ahead and put this up here
2:43
Speaker 3: on the screen, which he released late last night. He said,
2:47
Speaker 3: the Middle East is once again teetering on the brink
2:50
Speaker 3: as Trump appears to reignite war with Iran. While Trump's
2:53
Speaker 3: threats of war maybe theater designed to face Tehran into submission,
2:57
Speaker 3: Tehran expects the US to attack it within the next
3:00
Speaker 3: forty eight hours. We should recognize that restarting the war
3:04
Speaker 3: amounts to an admission that the previous escalatory gambit has failed.
3:08
Speaker 3: That in turn was in itself admission that the war
3:10
Speaker 3: had failed, which wasn't admission that the threats of war
3:13
Speaker 3: in January had already failed. As I argued before, this
3:16
Speaker 3: relentless search for an escalatory silver bullet capable of bringing
3:19
Speaker 3: Iran to its knees is not unique to Trump. It
3:22
Speaker 3: has become a defining pathology of American Iran policy for decades.
3:26
Speaker 1: I just think it's incredibly well said.
3:28
Speaker 3: The saint summarizes everything, but the top line news there,
3:31
Speaker 3: from Tree to Parsi is that his sources in Tehran
3:34
Speaker 3: believe that the war will restart within the next forty
3:37
Speaker 3: eight hours. It does seem to fit with all of
3:40
Speaker 3: this clock is ticking, some of these exchanges of negotiations,
3:44
Speaker 3: all of which have failed. And we'll get into some
3:46
Speaker 3: of the details, but it does seem real, basically inevitable.
3:49
Speaker 3: At this point, the ceasefire has now been longer than
3:52
Speaker 3: the actual war itself. Nothing has been accomplished. The amount
3:56
Speaker 3: of oil remains at a trickle. Iran still retains control
3:59
Speaker 3: of this straight of horn moves. The global oil markets
4:02
Speaker 3: remain disastrous, and you know, we here in the United
4:05
Speaker 3: States today, I actually think this weekend will be the
4:08
Speaker 3: weekend where a lot of Americans wake up.
4:10
Speaker 1: It's Memorial Day weekend. It's probably the first time they're
4:14
Speaker 1: going to put be on the road for several hours.
4:17
Speaker 1: People are really going.
4:18
Speaker 3: To be interacting with those gas prices, probably more so
4:22
Speaker 3: than normal. And then the sticker shock of just you know,
4:25
Speaker 3: four point fifty gallon nationally or if you live in California,
4:28
Speaker 3: well over six dollars. I think that's going to hit home.
4:31
Speaker 3: And also as people I've been seeing already tweets, you know,
4:35
Speaker 3: a lot of our ones, people who are booking flights
4:38
Speaker 3: for summer travel. We're like, oh my god, right, they're
4:41
Speaker 3: like not doing that again anytime soon. So a couple
4:44
Speaker 3: those two things together, I actually think this weekend could
4:46
Speaker 3: be a turning point.
4:47
Speaker 4: I think you could be right about that.
4:49
Speaker 2: And for many millions of Americans it's really already hit
4:51
Speaker 2: home where you know, they were already struggling and now
4:54
Speaker 2: just to fill up the tank of gas, be able
4:56
Speaker 2: to get to work is becoming an impossibility.
4:58
Speaker 4: We're already seeing the that.
5:01
Speaker 2: People at the lower end of the income skill have
5:03
Speaker 2: had to cut back of course, the wealthy will be
5:05
Speaker 2: unaffected because to them, the increase in gas prices is really, like,
5:08
Speaker 2: you know, it's barely a blip on the radar. And Trump,
5:11
Speaker 2: those are the people that Trump is talking to, and
5:13
Speaker 2: those are the people that Trump is thinking about. More
5:15
Speaker 2: on that in the economics section. But I fear that
5:19
Speaker 2: you're correct about this because the current situation with the
5:22
Speaker 2: strait of hormones closed, really is an unsustainable situation for
5:26
Speaker 2: the US and truly for the globe. That economic news
5:29
Speaker 2: is only going to continue to tighten. And then you've
5:31
Speaker 2: got the Israelis and the neocons here in the US
5:35
Speaker 2: who are certainly pushing to for a return to hostilities.
5:38
Speaker 2: Lindsey Graham made the rounds on the Sunday Shows yesterday.
5:41
Speaker 2: This is a three let's take a listen to his
5:44
Speaker 2: push for renewed airstrikes.
5:46
Speaker 5: The status quo is hurting us all. The longer the
5:48
Speaker 5: strait is closed, the more we try to pursue a
5:51
Speaker 5: deal that never happens, the stronger Ron gets. So according
5:56
Speaker 5: my analysis is there's nothing to suggest that the people
5:59
Speaker 5: in charge now are any different in terms of the
6:03
Speaker 5: regime's goal to terrorize the world, destroy Israel'll come after us.
6:08
Speaker 1: So what do you do next?
6:09
Speaker 4: You weaken them further.
6:11
Speaker 5: Well, what President Trump has done has been amazing militarily,
6:14
Speaker 5: but there's still more targets to be had, and there's
6:17
Speaker 5: things we can do to hurt there. The energy infrastructure
6:20
Speaker 5: is their soft Underbilly. If you go back to the fight,
6:23
Speaker 5: I put energy on top of the list.
6:25
Speaker 4: I want to couple that with a seven.
6:26
Speaker 2: If we can put this up on the screen, which
6:28
Speaker 2: is that Trump and Bbe had a call yesterday and
6:31
Speaker 2: there was also a security meeting inside of Israel. And
6:35
Speaker 2: if you think about the timing on all of this, Soca,
6:37
Speaker 2: of course, Trump just back from this trip to China.
6:40
Speaker 2: It would make sense that he wanted to sort of
6:43
Speaker 2: pause a return to hostilities until he got through that
6:46
Speaker 2: particular trip. If there were ongoing hot hostilities during his
6:51
Speaker 2: trip to China, that could be a little bit awkward,
6:53
Speaker 2: a little uncomfortable, may undermine some of the very minimal
6:56
Speaker 2: deals that he was able to do there. I mean,
6:58
Speaker 2: you really returned with basically anyway. But you can imagine
7:02
Speaker 2: why this timing would make some sense and why also
7:04
Speaker 2: the reality is setting in. You know, he was fed
7:06
Speaker 2: a bunch of bullshit that he chose to believe the
7:10
Speaker 2: from FDD and other sources of Oh, if we just
7:12
Speaker 2: blockade their blockade, then within days, this is what they
7:16
Speaker 2: were truly selling. Within days, Iran's whole economy will collapse
7:20
Speaker 2: and their oil wells are going to explodell. Remember when
7:22
Speaker 2: Trump said that it has to be setting in now. Okay,
7:25
Speaker 2: that plan is not going to work out. Not that
7:27
Speaker 2: Iron isn't suffering and that there isn't economic damage. But
7:31
Speaker 2: they are able to withstand that a lot longer, frankly
7:33
Speaker 2: than we can, because they're paid.
7:35
Speaker 4: Tolerance is much much higher.
7:36
Speaker 2: So the logic is very likely within the administration to
7:40
Speaker 2: be that that was offered by Lindsay Graham, or that
7:42
Speaker 2: that Emily and I covered last week was offered by
7:44
Speaker 2: Eric Erickson. He said, the only way out is through.
7:48
Speaker 2: We can't stay in this position, so we have to
7:50
Speaker 2: just go back one more bombing campaign. Maybe we have
7:54
Speaker 2: to do that ground invasion. Those are the sorts of
7:56
Speaker 2: things that are being contemplated right now.
7:58
Speaker 3: Look, it's unfortunately there's a relative inevitability to this thing.
8:03
Speaker 3: He either surrenders or he escalates all the way. He
8:06
Speaker 3: doesn't want to do either. And so he's going to continue.
8:09
Speaker 3: This is where Robert Pape's analysis of the escalation.
8:12
Speaker 1: Trap is so important.
8:13
Speaker 3: And remember we always say this is that we always
8:16
Speaker 3: think of history in terms of a linear fashion.
8:19
Speaker 1: No, it takes a lot.
8:20
Speaker 3: If you go when you read the history of the
8:22
Speaker 3: Second World War, it took two years before the United
8:25
Speaker 3: States was even involved.
8:27
Speaker 1: Like, there's a lot of stuff that happened.
8:28
Speaker 3: There were multi month periods where literally nothing happened, but
8:31
Speaker 3: we don't think about that in retrospect.
8:33
Speaker 1: We were in a short pause.
8:35
Speaker 3: Actually, even in the long sweep of history, thirty something days,
8:38
Speaker 3: it's really nothing but the inevitability of where things must
8:41
Speaker 3: end up. It really was decided on the very day
8:45
Speaker 3: that the war itself was on. We put a four
8:47
Speaker 3: up here on the screen. This is from the latest
8:51
Speaker 3: military action that took place.
8:53
Speaker 1: And this is very interesting.
8:54
Speaker 3: By the way, drone strikes UAE near UAE nuclear power
8:59
Speaker 3: plan as US and Iran signal they are prepared to
9:03
Speaker 3: resume the war. But here's kind of what's interesting. A
9:06
Speaker 3: drone strike sparked a fire on the edge of the
9:09
Speaker 3: sole nuclear power plant in the UAE on Sunday, and
9:12
Speaker 3: what the authorities called an unprovoked terrorist attack. No one
9:16
Speaker 3: was blamed, but it highlighted the risk of renewed war. Now,
9:20
Speaker 3: the UAE had previously said that the strikes came from
9:25
Speaker 3: the west, so they're like, oh, okay, well, let's take
9:28
Speaker 3: a look at a map. There's a lot of countries
9:30
Speaker 3: to the west of the UA. Who could they be?
9:32
Speaker 3: And I mean, the crazy thing is is it could
9:34
Speaker 3: be a variety of different countries. It could be Saudi
9:36
Speaker 3: Arabia because they're currently in some sort of a you know,
9:38
Speaker 3: a dust up. Could be Israel potentially you know, wanting
9:40
Speaker 3: to wanting to like restart the war or to pressure them.
9:45
Speaker 3: It could also, I guess theoretically, it could be Iran
9:47
Speaker 3: from some sleeper drone, you know, platform or something, or
9:50
Speaker 3: maybe it flew in a different direction. But it just
9:52
Speaker 3: highlights like the fortieth order chaos that has come now
9:55
Speaker 3: as a result of the war. The UAE has left Opek.
10:00
Speaker 3: Oh my god, I was just reading it yesterday. The
10:02
Speaker 3: effect on the Katari economy from the war hasn't been
10:06
Speaker 3: nearly as publicized because we've all been focused on oil.
10:10
Speaker 3: The natural gas hold up of all of that LNG,
10:13
Speaker 3: some twenty percent of the world's LNG just held up.
10:17
Speaker 3: And then the dramatic reduction in the Raslafon gas field.
10:21
Speaker 3: I mean that is already cascading across the global economy,
10:25
Speaker 3: but they are having to change multi year projections for
10:29
Speaker 3: their own investments and their economy, like this could be
10:33
Speaker 3: an extinction event if it continues for the Katari economy.
10:37
Speaker 3: Like you may literally see the just like with the
10:39
Speaker 3: First World War, Like you may go into a war
10:41
Speaker 3: which you expect to be seventy days, a nice little war,
10:44
Speaker 3: which is what they originally thought it would be, and
10:46
Speaker 3: you may literally watch the destruction of all of these
10:49
Speaker 3: different houses and monarchies. And what we're basically watching in
10:53
Speaker 3: all of this is the US and even around to
10:56
Speaker 3: a certain extent, who are in a level of limbo
11:00
Speaker 3: where they both overestimate their relative strength. We've talked a
11:03
Speaker 3: little bit about this, and this is not to say
11:04
Speaker 3: that Iran is not in a very very strong position,
11:06
Speaker 3: but they can still be eliminated if the full force
11:09
Speaker 3: of the military is there. This is part of what
11:11
Speaker 3: tightens the escalation trap. Let's put the next one up
11:16
Speaker 3: there on the screen, just to highlight how strong their
11:20
Speaker 3: demands are and why any American where if they were,
11:24
Speaker 3: or sorry, how strong Washington's demands are and why Iran,
11:28
Speaker 3: while it has any fight left in it whatsoever, cannot
11:31
Speaker 3: agree to this. So, for example, here's Washington's There will
11:34
Speaker 3: be no payment of reparations or compensation by the US.
11:37
Speaker 3: There will be a removal and transfer of four hundred
11:39
Speaker 3: kilograms of enriched uranium from Iran to the US. Only
11:42
Speaker 3: one Iranian nuclear facility will remain operational. There will be
11:46
Speaker 3: no release of even twenty five percent of Iran's frozen assets,
11:49
Speaker 3: a halt to the war on all fronts contingent on
11:52
Speaker 3: completing negotiations first. And then Iran has its own preconditions,
11:56
Speaker 3: which are the war must end on all fronts, a
11:58
Speaker 3: lifting of all sanctions, a release of all assets, a
12:01
Speaker 3: compensation for war demands, and US recognition of iran sovereignty over.
12:06
Speaker 1: The Strait of Hormones.
12:07
Speaker 3: There is just no there's no universe in which this
12:11
Speaker 3: even can come together. And that's despite all of the rhetorics.
12:14
Speaker 3: So even though both you know, Iran is stronger in
12:18
Speaker 3: a strategic position, but it did definitely take some of
12:20
Speaker 3: a pounding, not nearly as much as we were originally
12:23
Speaker 3: told the US has expended god only knows tens of
12:27
Speaker 3: billions probably, I would say, with the real cost of
12:29
Speaker 3: the war is without even fuel, and the amount that
12:32
Speaker 3: we've all paid probably closer to sixty to seventy billion
12:35
Speaker 3: even at this point, considering all the carrier strike groups,
12:38
Speaker 3: all the munitions. That doesn't even mention all of the
12:40
Speaker 3: lost production timeline, et cetera. But when I see though,
12:45
Speaker 3: that for them Trump, because of his you know, his image,
12:49
Speaker 3: and really of the blow that this is already given
12:51
Speaker 3: to the global empire, everything just seems to be pointing
12:54
Speaker 3: in that direction where they want to restart.
12:56
Speaker 4: Yeah.
12:56
Speaker 2: Absolutely, And I think the situation with the UAE, and
12:59
Speaker 2: you know this drone strike which the drones came over
13:03
Speaker 2: the UAE's border with Saudi Arabia, that's where they came from.
13:06
Speaker 4: Now Saudi saying, oh, it wasn't US.
13:07
Speaker 2: But UA already thought that the Saudis were behind some
13:12
Speaker 2: strikes on their infrastructure, particularly of Fujera. The Saudi think
13:15
Speaker 2: the UAE has been behind some strikes on their territory
13:18
Speaker 2: with regard to their critical oil energy infrastructure. And the
13:22
Speaker 2: fact that you have you have them messing around, you
13:24
Speaker 2: got Israel doing god knows what, and trying to phonement
13:27
Speaker 2: God knows what makes the whole thing even more volatile
13:32
Speaker 2: because you have so many more players with other agendas
13:35
Speaker 2: involved than just the US and Israel and Iran. So
13:40
Speaker 2: that's part of what makes the situation so incredibly dangerous.
13:44
Speaker 4: But I mean, just to put one other piece.
13:46
Speaker 2: Of information that we've got, or put aad up on
13:48
Speaker 2: the screen of potentially kinetic action, this is looking fairly
13:52
Speaker 2: solid at this point. According to open source intelligence monitor
13:56
Speaker 2: ocent Defender wreckage visible and circulating photos and videos shows
14:00
Speaker 2: an MQ nine drone Reaper drone having been hit and
14:05
Speaker 2: struck by the Hoofies in Yemen. They each are worth
14:09
Speaker 2: approximately thirty million dollars according to drop site here, and
14:13
Speaker 2: they're saying that, you know, there have been at least
14:15
Speaker 2: twenty four of those down over Iran, about twenty by
14:18
Speaker 2: the Hoothies in Yemen, So yet another one of those
14:20
Speaker 2: being taken out. It appears, based on what we can
14:23
Speaker 2: tell from open source intelligence monitoring. But you know, the
14:29
Speaker 2: logic of this thing seems to only go in one direction,
14:32
Speaker 2: because the saga is just putting up there the demands
14:34
Speaker 2: from the Iranians and the demands from the US. The
14:37
Speaker 2: US demands are just frankly delusional. You know, we lost
14:40
Speaker 2: this war. We lost it strategically, not to say we
14:42
Speaker 2: couldn't go back in and you know, Palmhalan of the
14:45
Speaker 2: Iranians again if we want to, but in terms of
14:47
Speaker 2: accomplishing our strategic objectives, we totally completely failed. They emerge
14:51
Speaker 2: with some you know, some cards to use the Trumpian
14:54
Speaker 2: terminology that they did not have in the past, that
14:56
Speaker 2: we are not going to be able to take away.
14:58
Speaker 4: And so the fact that.
14:59
Speaker 2: You have provisions in there that are more aggressive than
15:03
Speaker 2: what was being contemplated before this war, it's just delusional.
15:07
Speaker 2: It's insane. They're going to ship there in your rich
15:09
Speaker 2: uranium to the US. That's one of the supposed provisions
15:13
Speaker 2: that we're pushing here. We're saying absolutely no sanctions relief,
15:17
Speaker 2: We're not going to unfreeze your assets. That's going to
15:20
Speaker 2: be a hard no from the Iranians. So as much
15:22
Speaker 2: as there's been you know, some kind of dialogue and
15:25
Speaker 2: back and forth and potential negotiations, you can see from
15:28
Speaker 2: the US positions that Trump is not willing to take
15:31
Speaker 2: the ego hit and the humiliation and go out and
15:34
Speaker 2: try to sell this thing that would be required. I
15:36
Speaker 2: thought he made a very revealing comment last week to
15:39
Speaker 2: Sean Hannity when he said like, well, you know, maybe
15:42
Speaker 2: I don't care. I'm paraphrasing obviously, I don't care actually
15:44
Speaker 2: that much about the nuclear dust, but I kind of
15:46
Speaker 2: promised this thing. The fake news media is going to
15:48
Speaker 2: be all over me if I don't get it, so
15:50
Speaker 2: I guess I'm committed to it.
15:51
Speaker 4: There's a lot of truth to that.
15:52
Speaker 2: He has backed himself into a corner now where even
15:55
Speaker 2: though he is, you know, the bullshit artist in chief,
15:58
Speaker 2: he doesn't even think he would sell what he could
16:01
Speaker 2: get at the negotiating table right now as a win.
16:04
Speaker 2: The current situation, the economic news tightening, the status quo
16:08
Speaker 2: that is not sustainable. That was something that you know,
16:11
Speaker 2: some people had hoped. I think Joe Kent kind of
16:12
Speaker 2: hoped like maybe we can just kind of muddle through
16:15
Speaker 2: and not come to an official deal, but hope that
16:18
Speaker 2: we can ride this thing out that is not looking
16:21
Speaker 2: like it's sustainable. And you've got all these neo cons
16:23
Speaker 2: in his ear, and the israelis pushing like, let's go
16:26
Speaker 2: back in one more bombing campaign, one more ground invasion.
16:29
Speaker 4: Let's do something so you can establish a win.
16:31
Speaker 2: And I fear that that logic is going to be
16:34
Speaker 2: compelling to him.
16:35
Speaker 3: It's very lbjsq LBJ. I'm not going to be the
16:37
Speaker 3: first a president to ever lose a damn war. You
16:40
Speaker 3: would say it over and over again in this situation room.
16:43
Speaker 3: And the thing's always comforting about bombs and escalation is
16:46
Speaker 3: that there's a theoretical payoff whereas you know what the
16:49
Speaker 3: actual outcome will be. That's why it takes genuine courage
16:52
Speaker 3: to say this is madness. We can't keep doing this anymore.
16:55
Speaker 3: Like that's heroism. What's cowardly is what every president did
16:59
Speaker 3: in Afghanistan. Oh, this time we're going to get him.
17:01
Speaker 3: This time, we'll do this surge. This time, we'll continue
17:04
Speaker 3: to go forward saying, you know, first you from three
17:06
Speaker 3: thousand advisors to six thousand that didn't do the jobs,
17:09
Speaker 3: and ten thousand and eight one hundred thousand. Oh, if
17:11
Speaker 3: we escalate the bombing and then this, you know, Operation
17:15
Speaker 3: Rolling Thunder, that will break the back of the Vietnamese.
17:18
Speaker 3: You can see how easy that is to fall for
17:20
Speaker 3: because these generals, you know, they got their uniforms, you
17:23
Speaker 3: got this vast array of empire at your disposal. That's
17:26
Speaker 3: the easy option to always go down. Yeah, the check
17:29
Speaker 3: on that is supposed to be politics.
17:31
Speaker 2: Well, and Trump loves dropping those bodis. He loves the
17:33
Speaker 2: visuals of it. He feels powerful, he feels like a man.
17:36
Speaker 2: He wants peteg Sat to put together a highlight reel
17:39
Speaker 2: for him, a two minute highlight reel for him to consume,
17:42
Speaker 2: to feel like he's big, strong, tough, powerful guy. He's
17:45
Speaker 2: sort of addicted to that. Stuff is the other dangerous
17:47
Speaker 2: thing here, as you know. And I don't think he's
17:49
Speaker 2: the first present to be that way, but I do
17:51
Speaker 2: think he takes it obviously to it.
17:52
Speaker 1: He takes it to the nth degree.
17:53
Speaker 3: Yeah, there's an element of ego, there's an egomaniacal element
17:57
Speaker 3: of this which is inherent to like all of them.
17:59
Speaker 3: And I also as his polls drop, what is the
18:02
Speaker 3: what is the rule?
18:04
Speaker 1: You know? Not only did his poles drop? Do they
18:06
Speaker 1: even have a bill?
18:07
Speaker 3: Like, if the Republicans are gonna win the midterms, what
18:10
Speaker 3: are they going to do? They don't even bother telling you,
18:12
Speaker 3: Like they literally don't even tell you here's what we're
18:14
Speaker 3: gonna do with the presidency and the House and the Senate.
18:17
Speaker 1: There's no vision.
18:18
Speaker 3: It's not even about vision. There's no plan whatsoever. It's
18:20
Speaker 3: basically just like we will continue to be Trump's slaves.
18:24
Speaker 3: Like here in the House, you're like, oh, okay, well,
18:27
Speaker 3: you know, it doesn't seem a bit different from right now.
18:29
Speaker 1: That doesn't seem to be going well.
18:30
Speaker 3: But they have the control of the global empire, which
18:33
Speaker 3: is they have total authority, and now especially with Congress
18:37
Speaker 3: having given up even it's checks on war and peace.
18:39
Speaker 3: I mean, this is as close to a king as
18:41
Speaker 3: you will ever see. Right, and let's put a seven
18:44
Speaker 3: up there up there on the screen. Here is next
18:47
Speaker 3: on Yahoo, apparently speaking with Trump. Amid reports that Israel
18:51
Speaker 3: and the US are preparing Iran strike. Remember this, you know,
18:53
Speaker 3: the Israeli media reports this like every week about preparing
18:57
Speaker 3: for Iran strikes. But you know, you definitely do need
18:59
Speaker 3: to treat it seriously. The PM will convene a limited
19:03
Speaker 3: security cabinet. The drone strikes on the UA nuclear station
19:06
Speaker 3: and Iranian media saying that the US has offered no
19:08
Speaker 3: concrete concessions and demands a shutdown of all but one
19:12
Speaker 3: nuclear facilities. So there have been talks back and forth
19:14
Speaker 3: phone calls with Prime Minister net Yahoo and with Trump.
19:18
Speaker 3: When I talked about that convenience element and how easy
19:21
Speaker 3: they will sell you a vision. That's what NETANYAHUO is
19:24
Speaker 3: doing right now. He's all up in his ear. He's like, hey,
19:26
Speaker 3: we can do this. All we got to do is restart.
19:28
Speaker 3: All we got to do is take out these nuclear
19:30
Speaker 3: power plants, or all we got to do is take
19:32
Speaker 3: out this energy infrastructure, and that one will you know,
19:35
Speaker 3: finally drive them to the negotiating table. So I don't know,
19:39
Speaker 3: you know, in terms of what's breaking right now. I
19:42
Speaker 3: saw a little bit of news Tussmen had reported that
19:45
Speaker 3: maybe the US would wave oil sanctions, and you know,
19:48
Speaker 3: as we continue to go forward with some sort of
19:51
Speaker 3: potential negotiation, just always keep in mind like these people
19:54
Speaker 3: are always fading and bluffing.
19:56
Speaker 1: And Trump has said probably.
19:58
Speaker 3: Every week of the war, that the war will be
20:00
Speaker 3: over in just a few weeks. There also have been
20:03
Speaker 3: multiple instances where he's used diplomacy as a cover, and
20:06
Speaker 3: there's also been multiple instances where it looked like the
20:07
Speaker 3: war was about to restart, like remember the infamous you know,
20:11
Speaker 3: we will wipe out their civilization before he eventually blinks,
20:14
Speaker 3: so we don't know what is going to happen. It
20:16
Speaker 3: is noteworthy, at the very least to me that they
20:19
Speaker 3: are saying right now they expect the war to continue
20:22
Speaker 3: in the next forty eight hours, even though there's some
20:24
Speaker 3: you know, oh, the US has floated this viewing sanctions
20:29
Speaker 3: temporary lifting of sanctions on Iranian oil, which they actually
20:32
Speaker 3: did beforehand as well, so they could go back.
20:34
Speaker 1: In some sort of a reversal as well. I really
20:36
Speaker 1: don't know.
20:37
Speaker 2: Well, and it's also Monday morning, which means Trump may
20:39
Speaker 2: be itching to manipulate the markets right now. You know,
20:43
Speaker 2: stock futures are down, oil is up. The US bond
20:48
Speaker 2: rates have been going up as well, which is certainly
20:50
Speaker 2: something that he pays a lot of attention to. So
20:52
Speaker 2: don't be surprised if he gets some new Axios.
20:54
Speaker 4: Report or whatever. Well, they're close to a deal.
20:57
Speaker 2: I did just see a report on Hi Rats that
20:59
Speaker 2: are submitted some response to the US proposal. But we
21:03
Speaker 2: just showed you how far apart they are. So even
21:06
Speaker 2: if the Iranians are continuing to submit their responses, it
21:09
Speaker 2: hasn't changed from their position of we have won and
21:13
Speaker 2: we plan to consolidate our gains on the battlefield in
21:16
Speaker 2: terms of whatever this negotiation is. And it just doesn't
21:19
Speaker 2: seem like we're anywhere close to actually coming to terms
21:23
Speaker 2: on a deal.
21:23
Speaker 3: Yeah, well said, all right, let's move over to econ.
21:28
Speaker 3: Let's turn over now to the economy. And here you
21:31
Speaker 3: have Trump being confronted with his infamous I don't think
21:34
Speaker 3: about Americans' financial stability at all. And Trump says it's
21:38
Speaker 3: a perfect statement.
21:39
Speaker 1: And he would make it again. Let's take a listen.
21:41
Speaker 6: You can imagine democrats and political pundits the pump get
21:46
Speaker 6: it jumped all over this stag get it you made
21:48
Speaker 6: the other day. You were asked on the when you
21:50
Speaker 6: were leaving.
21:51
Speaker 2: What extent our American financial technician is motivating UNNACA deal.
21:56
Speaker 2: Not even a little bit.
21:58
Speaker 1: The only thing that matters is that.
21:59
Speaker 6: I'm about Iran. They can't have a duplar weapon. I
22:02
Speaker 6: don't think about.
22:04
Speaker 7: American financial situation. I don't think about anybody. I think
22:07
Speaker 7: about one place.
22:09
Speaker 2: We could not let Iran have a nuclear weapon.
22:12
Speaker 5: That at all.
22:12
Speaker 7: That's right, just a perfect as well, make it again.
22:15
Speaker 6: You can imagine how many people stop the sound. But
22:18
Speaker 6: at I don't think about America that financial situation. So
22:22
Speaker 6: what's your response to that frame.
22:24
Speaker 7: It's very simple when people hear me say it, everybody
22:28
Speaker 7: agrees short term pain. It's going to be short term pain.
22:32
Speaker 7: But the pain is much less than people thought.
22:34
Speaker 1: It's much less than people thought.
22:36
Speaker 3: I'm sure that's very comforting at the pump whenever you're
22:39
Speaker 3: paying three dollars or sorry, four dollars and fifty cents
22:42
Speaker 3: a gallon. You also have this Trump being confronted with
22:45
Speaker 3: a three time of his voter saying that he's struggling financially.
22:49
Speaker 3: Trump says, I'm disappointed in the voter. Let's take a listen.
22:53
Speaker 6: When you hear Trump voters, Alex says, I voted for
22:56
Speaker 6: you three times. He just he can't have the costs.
23:01
Speaker 6: And he's not for this foreign country he hated. He's
23:04
Speaker 6: not for the foreign conflict. But Roy in Pennsylvania, he's
23:07
Speaker 6: a retired farmer. He can't handle the fuel going up,
23:10
Speaker 6: and he's just he says he's gonna come very fast.
23:14
Speaker 7: And so Louck disappointed. I'm just talking what they said
23:17
Speaker 7: to him. Roy, Alex, we got a problem. We just
23:22
Speaker 7: hit the highest stock market price effort. By the way,
23:25
Speaker 7: then when I went in. Now again it's higher with
23:28
Speaker 7: the war, it's higher than it was when I went.
23:30
Speaker 1: And think of that.
23:31
Speaker 7: The four oh one k's at there all the time high.
23:34
Speaker 7: There are more people working right now in the United
23:37
Speaker 7: States of America than at any point ever in the
23:40
Speaker 7: history of arch country.
23:42
Speaker 3: AKA the Dow just hit fifty thousand. Quick your bitching
23:46
Speaker 3: roy and alex U. So look, is it technically true? Yeah,
23:50
Speaker 3: it definitely is. So one year literally it's been a
23:53
Speaker 3: rip roar year for the S and P. It's up
23:54
Speaker 3: by twenty five percent. Now what percent of people even
23:58
Speaker 3: have a four one k? Only about fifty or so?
24:00
Speaker 4: Yeah, Actually, farmer are self employed? Unlikely.
24:03
Speaker 3: I was about to say, so, if you are a
24:04
Speaker 3: self employed farmer, the likelihood statistically that you are being
24:08
Speaker 3: responsible and saving for retirement, I wouldn't say zero, but
24:11
Speaker 3: it's pretty low. And if you are a contract worker
24:15
Speaker 3: and some of the younger were ironically actually because this
24:18
Speaker 3: was the first election, if I recall where there was
24:21
Speaker 3: like a flipping right where people making over one hundred
24:24
Speaker 3: thousand dollars a year voted for Kamala and people under
24:26
Speaker 3: one hundred voted for Trump. Well, people who are making
24:29
Speaker 3: over one hundred are vastly more likely not only to
24:32
Speaker 3: own stocks, but to have four to one ks or
24:35
Speaker 3: traditional W two style job with matching percent, while people
24:40
Speaker 3: making under one hundred are much more likely to be
24:42
Speaker 3: either in the self employed category or you know, somebody
24:45
Speaker 3: who's like, you know, picking up a gig worker or
24:48
Speaker 3: ships people with waiters, et cetera. The least likely demographic
24:53
Speaker 3: to actually have a four oh one K and have
24:55
Speaker 3: any exposure to the stock market. For them, they don't
24:57
Speaker 3: care about the stock market. So half of the nation
25:00
Speaker 3: of US workers don't even have a four to one game,
25:03
Speaker 3: probably don't own any stock at all, And so when
25:06
Speaker 3: you tell them that the stock market is higher, they're like, yeah,
25:08
Speaker 3: we know, because it's being built off the backs of
25:11
Speaker 3: our lagborg, right, And so it's not really the point
25:14
Speaker 3: I think that Trump wants to make. And I mean
25:17
Speaker 3: every single president falls victim to the doubtrap. I remember
25:22
Speaker 3: Obama saying it in twelve, Biden said it his whole presidency,
25:25
Speaker 3: and it's like, how can.
25:26
Speaker 1: You have lived through the twenty twenty to twenty twenty.
25:29
Speaker 3: Four elections, where yes, the market was up dramatically and
25:34
Speaker 3: you had a record number of people say this economy
25:37
Speaker 3: is not working, Like when are people going to learn?
25:39
Speaker 1: I just don't get it.
25:40
Speaker 4: Yeah.
25:40
Speaker 2: Also he says this thing, Oh, it's going to be
25:42
Speaker 2: short term paying for long term gain.
25:45
Speaker 4: And how far are we? How long has this war been?
25:47
Speaker 4: Guy's been going on for a while now.
25:49
Speaker 2: And if you're someone if you're a farmer, for example,
25:52
Speaker 2: and you've got to pay for fertilizer, and you've got
25:55
Speaker 2: to pay for diesel, and you've got all these costs
25:58
Speaker 2: that are that are massive at the critical time in
26:02
Speaker 2: your year, you know, the short term has become very
26:07
Speaker 2: significant for you. You know, the I think the time
26:10
Speaker 2: horizon for a billionaire who can weigh out, you know,
26:14
Speaker 2: some sort of economic crash and then swoop in and
26:16
Speaker 2: buy up distressed assets and profit off of it on
26:18
Speaker 2: the on the back end, which is what all these
26:20
Speaker 2: people do. Very different from an ordinary person, certainly a
26:24
Speaker 2: farmer again who's in planting season trying to make this
26:27
Speaker 2: whole thing work. Very different time horizons. So for people
26:31
Speaker 2: who are struggling, and we're already struggling, by the way,
26:35
Speaker 2: because Trump's economy has sucked because of his own decision making.
26:39
Speaker 2: This has been already a long term. This does not
26:42
Speaker 2: feel like short term pain, and there's no end in sight.
26:46
Speaker 2: So the whole framing of this is, I don't think
26:48
Speaker 2: it's going to land. Let's just say, let me go
26:50
Speaker 2: ahead and play for you. Another disappointed Trump voter who
26:53
Speaker 2: called into c Span and explained, you know, explained his
26:57
Speaker 2: whole thought process and how he feel he was like
27:00
Speaker 2: a fool for having bought into the rhetoric to begin with.
27:03
Speaker 4: This is fairly powerful. Let's take asn't a B five.
27:06
Speaker 8: Hard for me to say this, but I think if
27:09
Speaker 8: I can open up about it in public that it
27:11
Speaker 8: might help others. I wanted to believe Trump was the
27:16
Speaker 8: real deal for a long time, even though I had
27:19
Speaker 8: doubts because I knew enough about his business history to
27:23
Speaker 8: think otherwise. But now I regret my support for him,
27:28
Speaker 8: and I should have known better. He's making it plain
27:31
Speaker 8: as day. He's a con man, a liar, doesn't keep
27:36
Speaker 8: his promises. He's in office all for himself, and he
27:39
Speaker 8: doesn't even try to hide his corruption anymore. So unless
27:43
Speaker 8: you get all your information from what I call the
27:47
Speaker 8: right wing propaganda for profit disinformation media industrial complex, he's
27:55
Speaker 8: the worst president we've ever had, and he's the most
27:58
Speaker 8: corrupt president we've ever had. And I know it's hard.
28:00
Speaker 8: It took me a while to be able to say that.
28:03
Speaker 8: Very difficult when you commit yourself to bleeding in somebody.
28:06
Speaker 8: I don't think it's one thing. It's been a cumulative
28:10
Speaker 8: process and it's gotten so blatant now and he's just
28:16
Speaker 8: literally the things he's you know, he's going to lower
28:19
Speaker 8: prices on day one. He was going to do this
28:21
Speaker 8: on day one. Only he could fix all this stuff.
28:24
Speaker 8: And now I understand how somebody like Adolf Hitler was
28:29
Speaker 8: able to brainwash millions of people. I never thought i'd
28:32
Speaker 8: see that again in my lifetime, but it's happened. Right
28:36
Speaker 8: I thought we got past that, but we don't learn
28:38
Speaker 8: from history. But I just hope the best way we've
28:41
Speaker 8: got to slow him down, make him accountable any way
28:44
Speaker 8: we can. Right now, the only weapon is to vote
28:47
Speaker 8: for as many Democrats, whether you like him or not,
28:51
Speaker 8: just get some balance back into our system of checks
28:54
Speaker 8: and balances.
28:55
Speaker 2: And he did say at another point during that that
28:57
Speaker 2: he was a three time Trump voter, Like this is
29:00
Speaker 2: someone who voted for Trump every single time. Now it
29:02
Speaker 2: seems like he had some questions going into it. He
29:05
Speaker 2: wasn't one hundred percent sure, but he wanted to believe
29:08
Speaker 2: in Trump. He wanted to believe in the promises. And
29:10
Speaker 2: now he's like he's making the impressive comparisons area.
29:14
Speaker 3: I just love the median American voter who can who
29:17
Speaker 3: can vote for Trump three times and then say he
29:20
Speaker 3: compares them to a outfit there.
29:22
Speaker 8: And you go.
29:24
Speaker 4: The other direction. Okay, there you go.
29:27
Speaker 3: You know, not to shame or anything, but it is
29:29
Speaker 3: one of those things where some of these people, I
29:32
Speaker 3: mean we talked about IVF now for example, right, remember
29:35
Speaker 3: those hundreds of thousands of people, statistically one hundred thousand
29:38
Speaker 3: people at the very minimum who voted for Trump because
29:40
Speaker 3: of IVF.
29:41
Speaker 1: It's like, dude, like what were you doing?
29:43
Speaker 3: Like, come on, there are to me, there's a difference
29:46
Speaker 3: between broken promises which had a realistic chance of actually happening,
29:50
Speaker 3: and then people who fall straight up for campaign rhetoric.
29:55
Speaker 3: I would put the Iran category in the most extreme
29:59
Speaker 3: in terms of the opposite of what they ran on,
30:02
Speaker 3: but probably you know, the single biggest reversal genuinely of everything,
30:06
Speaker 3: because it's really it's not just about Trump, It's actually
30:10
Speaker 3: about all of the people.
30:11
Speaker 1: Who work for him, many of whom are even on
30:13
Speaker 1: this show.
30:14
Speaker 2: Steven Miller, your sons and daughters to die and irun
30:18
Speaker 2: I mean big us. And now he's not only he's
30:21
Speaker 2: one of the biggest cheerleaders internally, he's he's pushing this thing,
30:25
Speaker 2: one of the biggest hawks. So no, I mean he's
30:27
Speaker 2: the guy now he is a total con man. It's
30:29
Speaker 2: like obvious to see if you open.
30:31
Speaker 4: Your eyes up.
30:31
Speaker 1: There was an element of Trump's his like you know,
30:35
Speaker 1: the con man behavior and all of that, where the
30:39
Speaker 1: honesty about his unscrupulousness was very attractive. I think for
30:42
Speaker 1: a lot of his original supporters, Like.
30:45
Speaker 3: Remember when they would call him out, like Jeb would
30:47
Speaker 3: call him out and be like you don't need it Hillary,
30:49
Speaker 3: and He's like, I donated to you too, I don't
30:51
Speaker 3: need to all of you because.
30:51
Speaker 1: You're all corrupt. Like he was something about that.
30:54
Speaker 3: That people were like, Wow, look about this straight talker,
30:57
Speaker 3: like somebody who calls it like it is.
30:59
Speaker 1: And that was like a shock.
31:00
Speaker 3: To the system because it was it actually exposed like
31:02
Speaker 3: a lot of their bipartisan corruption. But I think this
31:05
Speaker 3: time around, the sole focus of the campaign was this
31:09
Speaker 3: never would have happened if if I were president, And
31:11
Speaker 3: actually think it's an extremely compelling argument. He was like, look,
31:15
Speaker 3: the Ukraine War and the Gaza War never would have
31:19
Speaker 3: happened if I were president. Obviously it's not really true,
31:22
Speaker 3: like in a sense, but it's very attractive. And the
31:25
Speaker 3: sole focus of the campaign was I'm going to focus
31:27
Speaker 3: on inflation and We're not going to have any of
31:29
Speaker 3: these stupid foreign conflicts because I'm in power and I
31:32
Speaker 3: have better judgment. And that was another big contrast I
31:35
Speaker 3: think of the twenty four campaign was you had the
31:38
Speaker 3: eggheads like the Jake Sullivans and supposedly these great neoliberal
31:42
Speaker 3: thinkers who were supposed to restore a sense of normalcy
31:45
Speaker 3: to our country, and they didn't. It was a total failure,
31:48
Speaker 3: like we should not off the scate, their failure of
31:50
Speaker 3: leadership of this country from COVID all the way through
31:53
Speaker 3: of the international situation, et cetera. And so that actually
31:56
Speaker 3: made it the reason why people were willing to go
31:59
Speaker 3: with a Trump and RFK Junior, a cash Betel, any
32:02
Speaker 3: of these people was it was a complete.
32:04
Speaker 1: Shock to the system.
32:05
Speaker 3: They're like, look, we do need to have some sort
32:07
Speaker 3: of like revolutionary destruction. I think of these institutions, which
32:11
Speaker 3: again I think is very attractive. Remember dose how many
32:14
Speaker 3: guys were of like obsessed with dog.
32:17
Speaker 1: It was a cultural phenomenon you can't deny.
32:19
Speaker 3: I think though, what became clear was very soon is
32:23
Speaker 3: that the revolutionary destruction. And I've talked with Richard Hanani
32:26
Speaker 3: about this because he has this is his theory of populism.
32:29
Speaker 3: He believes all populism eventually denigrates to cacistocracy, which is
32:33
Speaker 3: basically like stealing.
32:34
Speaker 2: And that's really what became Stockercy is like rule by
32:38
Speaker 2: the dumbest right.
32:38
Speaker 3: Rule by the dumbest and it also is no, sorry,
32:41
Speaker 3: I'm getting confused also.
32:42
Speaker 1: With plutocracy, you're say, and any of them with the.
32:47
Speaker 3: Point is really just that in the beginnings, I would
32:49
Speaker 3: say that in the first thirty five days or so,
32:51
Speaker 3: you're like, wow, you have a sheer amount of incompetence,
32:53
Speaker 3: some stupidity, of pillaging, of this being done at Elon's
32:57
Speaker 3: own behest, and people are like, Okay, I can get
32:58
Speaker 3: over that as long as we're going to to you
33:00
Speaker 3: know this, And then that one fails, and then the
33:02
Speaker 3: next one fails, and the level of incompetence and then
33:05
Speaker 3: the soul focus on Trump himself, on either selling pardons
33:10
Speaker 3: out of the Oval or total allegiance, which we're gonna
33:12
Speaker 3: get to with Thomas Massey. It becomes clearer by the
33:16
Speaker 3: day that it's only just about Trump and has nothing
33:19
Speaker 3: to do with any of the milieu which he even
33:21
Speaker 3: ran on, right like Maha is willing to debase themselves
33:26
Speaker 3: with Glifasate and they just have to sit there and
33:28
Speaker 3: eat a bowl of shit and.
33:30
Speaker 1: Go against a lot of the things that they run.
33:32
Speaker 3: Many of the anti war hot you know, people who
33:35
Speaker 3: I knew personally in the administration are now shilling for
33:39
Speaker 3: the war. You're like, I mean, my god. But as
33:42
Speaker 3: they put it, they're like, well, what are we supposed
33:44
Speaker 3: to do? There's well he's the president, like he made this,
33:46
Speaker 3: and you're like, yeah, I mean that's technically true. Only
33:49
Speaker 3: Joe Kent had the courage to say I'm out, like
33:51
Speaker 3: I can't do this anymore. But I think that on
33:53
Speaker 3: so many different fronts, you have watched, you know, issues
33:57
Speaker 3: where even many of us agreed it was a total,
34:00
Speaker 3: complete and competent shit show. Turned the whole country against
34:03
Speaker 3: immigration is probably the prime example.
34:05
Speaker 1: And then you also had tariffs. Actually another one.
34:08
Speaker 3: I don't think Americans will support tariffs for like fifty
34:10
Speaker 3: years after this. There's gonna be an inflation scarring as
34:13
Speaker 3: a result of terror, which, by the way, I think
34:15
Speaker 3: is a disaster, because I think we need tariffs. But
34:17
Speaker 3: instead everyone's going to be against tariffs. Everyone's going to
34:20
Speaker 3: be for basically unlimited immigration for the next ten years
34:23
Speaker 3: at the very minimum. And there's a lot of issues
34:25
Speaker 3: like that which he poisoned the well on and then
34:27
Speaker 3: on war, especially like going against that and getting our
34:31
Speaker 3: country into this quagmire. I think he put all that
34:34
Speaker 3: stuff together and it breaks. It really breaks a lot
34:37
Speaker 3: of people. And I've seen it. I've seen it with
34:38
Speaker 3: a lot of voters and all those people who are
34:40
Speaker 3: really enthused and excited to vote for Trump.
34:43
Speaker 2: I mean, it just becomes at a certain point undeniable.
34:45
Speaker 2: I think the Upstein thing is important to because it
34:48
Speaker 2: was such you know, he was always a little reluctant.
34:50
Speaker 2: But again to your point about the people around him,
34:53
Speaker 2: including you put cash Hotel in charge.
34:55
Speaker 4: I mean, he was he part of his whole.
34:57
Speaker 2: Identity was that he was going to reveal all of
35:00
Speaker 2: the wrongdoers. Blah blah, blah, and all this mythology around
35:02
Speaker 2: Trump and all the Q and on bullshit about how
35:04
Speaker 2: he was going to be the one that came up,
35:06
Speaker 2: rounded up the pedophile cabal and all the wrongdoers would
35:10
Speaker 2: be brought to justice blah blah blah. And then it's like, yeah,
35:12
Speaker 2: we're going to do a massive cover up of this, actually,
35:15
Speaker 2: because my name is all over that Epstein files personally
35:17
Speaker 2: my name, and I'm going to call Marjorie Taylor Green
35:19
Speaker 2: and tell her that she needs to not do anything
35:22
Speaker 2: to help in revealing any of this information because quote,
35:26
Speaker 2: my friends will be hurt. I think that was a
35:28
Speaker 2: bit of an eye opening moment for people who were
35:31
Speaker 2: paying attention to to get back to where we are economically.
35:37
Speaker 2: Some extraordinary comments made here from Speaker of the House
35:40
Speaker 2: Mike Johnson, who you described. You know, the Republican Congress
35:43
Speaker 2: is just slaves to Trump. He is the chief slave
35:45
Speaker 2: to Trump and just goes along with literally whatever he wants.
35:49
Speaker 2: That's how he sees his entire job. And so he's
35:52
Speaker 2: tried to sell this idea that like, oh, we're going
35:54
Speaker 2: to get back to the kitchen table issues as soon
35:56
Speaker 2: as we deal with that straight up horror News issue, Well,
35:58
Speaker 2: when is that going to be dealt with?
36:00
Speaker 4: What is your plan to deal with that?
36:01
Speaker 2: You mean the straight up Hormons issue that you guys
36:04
Speaker 2: yourselves cause by starting this war that you are complicit in,
36:08
Speaker 2: Mike Johnson, because you guys you know in Congress want
36:11
Speaker 2: nothing to do with stopping this or having any say
36:13
Speaker 2: or control or power over putting our nation and our
36:15
Speaker 2: troops at risk.
36:16
Speaker 4: Let's go out and play B three.
36:18
Speaker 9: Cebus News had some pulling out this morning showing seventy
36:21
Speaker 9: six percent of people are concerned, sixty seven say they
36:23
Speaker 9: are stressed about their own personal financial situation. You know
36:26
Speaker 9: that generally the incumbent is punished in the midterms and
36:30
Speaker 9: people are feeling very uncertain about how they're doing personally.
36:33
Speaker 4: How do you campaign against that?
36:34
Speaker 10: Well, this relates to the last segment we're talking about
36:37
Speaker 10: the straight up Hoar moves. Really all points lead back
36:39
Speaker 10: to that gas prices are too high because of that,
36:42
Speaker 10: and then that has an effect on how goods are
36:44
Speaker 10: transported to the grocery store and all the rest. So
36:46
Speaker 10: as soon as we get that straightened out, we will
36:48
Speaker 10: get back to the kitchen table issues, the economic issues
36:51
Speaker 10: that we put in place. To make the economy grow,
36:53
Speaker 10: the working families tax cut, the Big Beautiful Bill, all
36:56
Speaker 10: the legislation we passed put in pro growth policies that
36:59
Speaker 10: will lead to bigger paychecks. We already had the largest
37:01
Speaker 10: tax refunds we've had in a long long time because
37:04
Speaker 10: of our policies, and so we're really excited anxious for
37:07
Speaker 10: that to be resolved so that people will feel that,
37:09
Speaker 10: and I think they will before they go vote in
37:11
Speaker 10: the midterm.
37:12
Speaker 2: So as soon as we get this straight up o
37:14
Speaker 2: administrator now, we will get back to the kitchen table issues.
37:16
Speaker 4: But to your points are like, what does that even mean?
37:18
Speaker 2: I don't even because they already did their one big
37:21
Speaker 2: beautiful bill. I don't think people are feeling like that
37:24
Speaker 2: with all it was cracked up to be a bunch
37:25
Speaker 2: of rich people got tax cuts that I'm sure there, Oh.
37:27
Speaker 1: Don't forget boomers, don't and boomers yet.
37:30
Speaker 2: But even the boomers, you know, are stressed about the
37:33
Speaker 2: gas prices and not happy with how this is going.
37:36
Speaker 2: But we haven't heard a single additional like this is
37:38
Speaker 2: what we'll do if we keep control of Congress. There
37:41
Speaker 2: is no real positive affirmative messaging here.
37:43
Speaker 1: Whatso appen you give.
37:44
Speaker 3: Money to Israel if you want to give more money
37:46
Speaker 3: to Israel and extend more tax cuts for boomers and
37:50
Speaker 3: what else I don't know, the Save America Act, like okay, sure, fine.
37:53
Speaker 2: Great and contact a bunch of like criminal oligarchs from
37:56
Speaker 2: having to come and testify before Congress about their crimes.
37:59
Speaker 3: Honestly, they it's basically going to be a negative polarization pitch.
38:02
Speaker 3: One of the main reasons why a lot of Democrat
38:05
Speaker 3: or a lot of Republicans are not going to come
38:07
Speaker 3: out to vote is they're going to be like, what
38:08
Speaker 3: did you What did you give me in two years?
38:10
Speaker 3: Like seriously, what did you give me? And I don't
38:13
Speaker 3: think that. Think about it.
38:14
Speaker 1: The timing of November couldn't be worse.
38:16
Speaker 3: Because of all of the retail hits that's going to
38:20
Speaker 3: happen to ripple through the economy all the way to November,
38:22
Speaker 3: which is inevitable. It's baked in at this point on
38:25
Speaker 3: top of a miserable summer of cost like even if
38:28
Speaker 3: the war ended now, gas is not going below three
38:31
Speaker 3: fifty a gallon period at least for I don't know,
38:34
Speaker 3: maybe a year. Honestly, I mean the JP Morgan and
38:37
Speaker 3: others said that the base case is that oil remains
38:40
Speaker 3: over one hundred dollars a barrel for at least another
38:43
Speaker 3: year in the markets. Just because of what's happened. I
38:46
Speaker 3: haven't talked about natural gas. We have this latest news
38:50
Speaker 3: about AutoZone. Can we put B four up here? Inst
38:53
Speaker 3: are those little things like with COVID which you just
38:56
Speaker 3: never forget. And this is from an internal AutoZone memo
39:00
Speaker 3: where they say we are facing the largest supply shortage
39:04
Speaker 3: of lubricating fluids in modern history of America. Realistic middle
39:09
Speaker 3: of the road estimates are for our average available supply
39:12
Speaker 3: in this product category to drop by forty percent.
39:17
Speaker 1: So I'm assuming that this is like, you know, motor oil.
39:20
Speaker 3: And changing or is I have an electric vehicle, so
39:22
Speaker 3: it's not really something I've thought about in a long time.
39:25
Speaker 3: But I mean, I am relative generally aware people need
39:28
Speaker 3: their oil changed and when they do, and there's always
39:32
Speaker 3: that one guy who changes it himself and is very
39:35
Speaker 3: very proud of it. And I feel like that guy
39:37
Speaker 3: in particular is going to be the most hit because
39:40
Speaker 3: that they go to go and buy it themselves and
39:43
Speaker 3: change it at home. But then also the dealers, you know,
39:45
Speaker 3: the service costs.
39:46
Speaker 4: Yeah, probably we're gonna show up a jiffy liup and
39:48
Speaker 4: be like, what the hell is this cost so much?
39:50
Speaker 3: And I think that's that's where the stickers or you
39:53
Speaker 3: may just not have any right like that. That's the
39:54
Speaker 3: real nightmare scenario is that they're like, hey, sorry, you know,
39:58
Speaker 3: we're rationing oil change, and so everyone will start stretching
40:01
Speaker 3: it for fast further when they're supposed to, and then
40:05
Speaker 3: you have more breakdowns, more car maintenance, more problems.
40:08
Speaker 1: And already I was reading about car costs.
40:11
Speaker 3: A lot of people bought cars in the during the
40:14
Speaker 3: pandemic period, remember when they were very, very high the price,
40:17
Speaker 3: and so they're instantly upside down on their loans because
40:19
Speaker 3: the market has normalized, and so a record number of
40:22
Speaker 3: people are actually upside down on their car loan right now.
40:25
Speaker 3: And so when you add in increased cost of maintenance,
40:27
Speaker 3: you can't even get the damn thing, get rid of
40:28
Speaker 3: the damn thing without paying. It's really bad. B six,
40:32
Speaker 3: can we put that up there. Grocery prices in the
40:35
Speaker 3: US surged more aggressively in April than any prior month
40:40
Speaker 3: in the nearly five years, which makes it so that
40:44
Speaker 3: grocery prices. That would mean that have had a cumulative
40:48
Speaker 3: level of inflation of I mean, it's got to be
40:52
Speaker 3: over twenty percent in just the last five years. And
40:56
Speaker 3: that's where again you just start to see people radically
41:00
Speaker 3: shift their consumption habits. At that point, you stop buying beef,
41:03
Speaker 3: you stop buying luxury products, you will go to cost
41:06
Speaker 3: cof I think people we've seen a flip I think
41:09
Speaker 3: in the amount of chicken consume versus beef for stable proteins,
41:13
Speaker 3: more people buying name brand good or sorry, store branded
41:17
Speaker 3: goods as opposed to name brand goods. We've seen a
41:20
Speaker 3: reduction in McDonald's. Remember I think you guys, what was
41:24
Speaker 3: the segment you did about the halff.
41:25
Speaker 2: No it heines, Yeah, they're seeing, they're seeing, they said,
41:30
Speaker 2: just like people don't have money.
41:32
Speaker 4: That was the quote from that CEO.
41:33
Speaker 2: And then Costco said, we've already seen the shift from
41:36
Speaker 2: beef to chicken. Now we're seeing the shift to like
41:38
Speaker 2: cantuna canned chicken. So that's you know, those signs are
41:43
Speaker 2: rippling around the economy. But don't worry. The stock market
41:45
Speaker 2: is really high. It is, I mean it is high.
41:48
Speaker 2: It's great if you if you got money in the
41:50
Speaker 2: stock market.
41:51
Speaker 3: I just I'm I can read a chart, and I
41:53
Speaker 3: know that the vast majority of people who especially at
41:56
Speaker 3: the struggling end of the spectrum, are not going to
42:00
Speaker 3: have any benefit from it.
42:01
Speaker 8: You know.
42:01
Speaker 3: Tucker had a good point where he's like, look, whence
42:03
Speaker 3: gas goes to seven dollars a gallon, that means that
42:07
Speaker 3: you are affected by that, even when you make like
42:09
Speaker 3: half a million dollars a year, because at that point,
42:11
Speaker 3: it's look, it's not that you can't afford the gas price,
42:15
Speaker 3: it's just that that means that the level of input
42:17
Speaker 3: inflation from air travel to grow street price and all
42:20
Speaker 3: that becomes so high that even the richest one percent
42:24
Speaker 3: of W two earners will be hit. He's like, if
42:26
Speaker 3: you don't make less than a million dollars a year,
42:28
Speaker 3: if you make less than a million dollars a year,
42:30
Speaker 3: you will feel it.
42:30
Speaker 1: And I think that's true.
42:31
Speaker 2: Think about public transitence country is complete shit. Outside of
42:35
Speaker 2: New York City, every other place, you're basically like completely
42:38
Speaker 2: car reliant. The minimum wage in this country is still
42:40
Speaker 2: federally seven dollars and twenty five cents. If a gallon
42:44
Speaker 2: of gas is seven dollars right, like you're working an
42:47
Speaker 2: entire hour to afford one gallon of gas.
42:51
Speaker 4: The math does not math.
42:52
Speaker 2: That's already the case for a lot of people, and
42:54
Speaker 2: so you know, I don't think it penetrates here in DC.
42:57
Speaker 2: It certainly doesn't penetrate for Trump, who's completely encircled by
43:01
Speaker 2: a bunch of you know, the literally the richest people
43:03
Speaker 2: on the planet. Is who he's talking to and who
43:06
Speaker 2: he's thinking about, whether it's he's here in DC or
43:08
Speaker 2: more even more to the point, all the time that
43:10
Speaker 2: he spends down in Marrow Lago, that's who he's surrounded by.
43:13
Speaker 2: He has no awareness or understanding of the way this
43:16
Speaker 2: has already hurt people, but it is throwing up in
43:20
Speaker 2: the polls big time. We're going to do probably some
43:22
Speaker 2: dive into some of the polling tomorrow. I just thought
43:25
Speaker 2: there's a new New York Times poll out as well.
43:27
Speaker 2: I mean, the numbers on how people feel about inflation,
43:30
Speaker 2: whether their wages are keeping up with inflation, they are
43:32
Speaker 2: extremely dire. And as much as people hate the Iran war,
43:36
Speaker 2: they have even lower ratings for Trump on his handling
43:40
Speaker 2: of the economy, which has always been one of his
43:43
Speaker 2: key strengths. Is the biggest reason I think he ended
43:46
Speaker 2: up back in the White House because people thought, oh, well,
43:48
Speaker 2: in the first term, I was doing better. He's a businessman,
43:51
Speaker 2: he'll make these deals. He's going to deliver for the
43:53
Speaker 2: American people. I really think that was it more than
43:55
Speaker 2: anything else, And obviously that has been a complete failure
44:00
Speaker 2: all of his own name.
44:01
Speaker 3: Gas was a big selling point for his you know,
44:02
Speaker 3: last thing, Gas was a remember all. I remember reading
44:05
Speaker 3: all these testimonies because we were election night. We were like, wow, like,
44:09
Speaker 3: look at this South Texas swing. Yeah, and I was like,
44:12
Speaker 3: what is it going on here? Like what happened? Because
44:14
Speaker 3: it's not that people in South Texas, you know, you
44:16
Speaker 3: don't do a forty point swing from nowhere. Some a
44:18
Speaker 3: lot of it was cultural, definitely on immigration. But then
44:21
Speaker 3: I would read and be like, well gas was a
44:23
Speaker 3: buck ninety when Trump was president, and I was like, well,
44:25
Speaker 3: you know, it was a pandemic too, but okay. But
44:28
Speaker 3: I would enough times that I read either some version
44:33
Speaker 3: of I got a stimulus check which had Trump's name
44:35
Speaker 3: on it, or gas prices were low that I was like,
44:38
Speaker 3: I guess that's the thing. People really think it was
44:40
Speaker 3: Trump that made gas prices so low, so you know,
44:43
Speaker 3: you don't discount that. And Trump, once upon a time
44:46
Speaker 3: was not mister oh, I don't think about America's financial situation.
44:51
Speaker 8: He was.
44:52
Speaker 1: I mean, he was.
44:53
Speaker 3: Obsessed with gas prices by all accounts in the first
44:56
Speaker 3: term of his presidency. And the second time it's like
44:59
Speaker 3: they just they really don't care anymore. They're just telling
45:01
Speaker 3: you to sit there and take it.
45:02
Speaker 2: One more element here, put B seven up on the screen,
45:04
Speaker 2: because these are things that could be coming to your neighborhood.
45:08
Speaker 2: Tipping point looms for global energy crisis. This is from
45:11
Speaker 2: the Financial Times, and they write that nearly eighty countries
45:16
Speaker 2: have already introduced emergency measures to protect their economies as
45:20
Speaker 2: the world approaches a new more dangerous faith and the
45:23
Speaker 2: energy crisis driven by the Iran War. So because we're
45:26
Speaker 2: a wealthy country, we are a little bit protected. We
45:28
Speaker 2: see at the gas pump, we see at the grocery
45:30
Speaker 2: prices increasing, you know, in that being tied to the
45:33
Speaker 2: Iran war. But we really haven't felt the full brunt here,
45:37
Speaker 2: and we will never feel the full brunt in the
45:39
Speaker 2: way that poor countries do. I mean, they're talking about
45:42
Speaker 2: potentially forty five million more people being pushed into famine
45:45
Speaker 2: effectively because of the shipping crisis and the way this
45:49
Speaker 2: ripples throughout the entire economy. So for a lot of
45:51
Speaker 2: places around the globe, this will be utterly devastating in
45:55
Speaker 2: a way that we will be somewhat protected from, but
45:58
Speaker 2: you know, these are the types of things that will
46:00
Speaker 2: be headed our way in terms of analysts are saying, oh,
46:04
Speaker 2: we're unlikely to have shortages here, but you know, analysts
46:07
Speaker 2: also didn't anticipate all of the impacts of the COVID
46:10
Speaker 2: slash Ukraine supply shocks, so things could get extremely, extremely bumpy.
46:15
Speaker 2: And I think it's you know, should be a real
46:17
Speaker 2: eye opener that Trump's talking about short term pain, that
46:20
Speaker 2: you already have eighty countries around the world that have
46:22
Speaker 2: had to institute emergency economic measures to deal with this,
46:25
Speaker 2: and some of them, like India's one of them. India's going,
46:28
Speaker 2: you know, coming in and saying, hey, we've got to
46:30
Speaker 2: preserve our currency, so don't take foreign trips, you know,
46:36
Speaker 2: don't purchase precious metals because we need to keep our
46:39
Speaker 2: store of them, et cetera. So there's already in countries
46:43
Speaker 2: globally a huge recognition of what this is, what this
46:47
Speaker 2: already means for them, and what it's going to mean.
46:48
Speaker 4: To them in the future.
46:49
Speaker 3: Minister Modi gave a speech like last week asking locals
46:53
Speaker 3: to stop buying gold to shore up his FX defenses.
46:57
Speaker 3: He didn't go so far as to tell them to
46:59
Speaker 3: stop traveling abroad.
47:00
Speaker 1: But remember Air.
47:01
Speaker 3: India has canceled a significant amounts of flights. And I mean, look,
47:06
Speaker 3: it's for those of you are not aware. Like gold
47:09
Speaker 3: is like the lifeblood of Indian society that kind of
47:12
Speaker 3: always has been.
47:13
Speaker 1: It is literally a gold craze society.
47:15
Speaker 3: So for the Prime Minister to be like, hey, everybody,
47:17
Speaker 3: please stop buying gold, like.
47:18
Speaker 1: That's a big that's a big deal.
47:20
Speaker 2: Yeah, especially cultural wedding get obsessed gold.
47:23
Speaker 3: Yeah, I mean the amount of gold that my relatives,
47:25
Speaker 3: I'm like, I don't need all this fucking gold.
47:26
Speaker 1: But apparently maybe it was a good thing.
47:29
Speaker 3: I mean, I guess a safety deposit boxer like okay,
47:33
Speaker 3: but yeah, I mean, these people are obsessed with gold,
47:36
Speaker 3: just absolutely obsessed. So for their Prime minister to come
47:39
Speaker 3: out and say, oh, well you shouldn't buy gold anymore,
47:42
Speaker 3: that's honestly pretty shocking.
47:44
Speaker 1: For them.
47:44
Speaker 3: He also you know, added other things telling them about
47:48
Speaker 3: some of the problems that they may face and cooking
47:50
Speaker 3: gas and I mean it's the world's most populous country,
47:53
Speaker 3: so it's definitely something you have to pay attention to.
47:55
Speaker 3: And they may seriously face problems as things continue with
48:00
Speaker 3: their gas prices and everything where they're trying to keep
48:03
Speaker 3: them at a lower level, but it is inevitable, you know,
48:06
Speaker 3: if this continues that they may have to increase that amount,
48:10
Speaker 3: even with the massive amount of government substy and Russia
48:13
Speaker 3: and all that oil that continues to come in.
48:15
Speaker 1: So yeah, that's just there.
48:16
Speaker 3: And then Africa, I saw they're already warning about famine
48:19
Speaker 3: as of this year, the World Food Program and their
48:21
Speaker 3: ability to buy new goods.
48:23
Speaker 1: So there you go.