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Speaker 1: Well, hello, how are you welcome to the Big Podcast.

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It is Wednesday. Today is the eighteenth day of March,

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Year of Our Lord, twenty twenty six. My name is

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Tom Sullivan, and a lot to go over today. It

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was we'll get you updated on the latest and greatest

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from all the commentators about what's going on with the

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war in Iran. There was and also an oil analyst.

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I just think it is amazing at describing the situation

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with oil and gas and prices. But I want to

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start with there were hearing in the Capitol today in Washington,

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and they were catching a lot of attention. One of

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the hearings was the annual Worldwide Threat Testimony to Congress,

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specifically the Senate Select Committee on Intelligence. Tulsey Gabbard was

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there as the dn I Director of National Intelligence. You've

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got John Ratcliffe was there, the CIA Director. You've got

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a couple of military generals that were there to talk

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about worldwide threats against the United States. That was one hearing.

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Then down the corner around the corner down the hall

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was another hearing, and this was the committee that oversees

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the Department of Homeland Security and they were taking testimony

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from Mark Wayne Mullen. This is the I mean, they're

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not letting any grass grow under their feet. This is

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very quick. They're trying to get the Senate nomination process

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done very quickly to make Mark Wayne Bullen the new

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Secretary of Homeland Security. Meantime, christineom she's still technically the

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Secretary until the end of March, but I think she's

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gone nobody. Yeah, they've probably moved all of her things

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out by now. But let's start with the whole business

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about the worldwide threat. Because Tulsey Gabbard got a lot

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of questions, and one of them was about the fact

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that what were you doing in Georgia, Fulton County, Georgia

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when they FBI went in to pick up all of

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the twenty twenty election ballots and you were there? Why

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were you there? And she said that she was there

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at the direction of the president. The problem with that

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answer is the President said, I don't know anything about it.

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Pam Bondi is the one who sent her. So there

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wasn't a straight answer from that at all. It just

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struck me that it doesn't matter which hearing Congresses is

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predictable and it's too bad. Why can't they do anything

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to try to accomplish things together. I know they can't

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and I know the two party system has its benefits,

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but all it is is performance performative politics, where if

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you are, in this case Tulcy Gabbert, a member of

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a Republican administration, the Republicans are going to throw you

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softballs and the Democrats are going to throw you hardballs,

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and it's very predictable, and yet nothing changes. So they

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will have a vote on things, but they don't want

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with this case. Tulsea Gabbert went back to her office

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and continued on with being the director of now National Intelligence.

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Then on top of that, over at the other hearing

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for the DHS Secretary, Mark Wayne Mullen. Interesting guy. He

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not only was a very successful businessman in Oklahoma, and

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then he ran for Congress and became a member of

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the House of Representatives for a few terms, then ran

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for Senate and he is a first term senator. President

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likes him. Part of it maybe because Mark Wayne Mullen

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is kind of a no nonsense guy and he's kind

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of a tough guy. In fact, there was a hearing

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oh a year ago maybe where Sean O'Brien, the head

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of the Teamsters Union was testifying before this committee, on

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which Mark Wayne Mullen was one of the members, and

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Mullen asked Sean O'Brien a question, and I don't know what.

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I forget what happened, but Mullen challenge Sean O'Brien to

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a fight right there. It was like, okay, let's do

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it right now. Bernie Sanders was also part of the

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committee and told Mullen, now grow up and become a

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senator to sit out. Well. Today, it was interesting because

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accompanying Mark Wayne Mullen to this hearing was Sean O'Brien,

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So they, like a lot of guys, they got into

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kind of a do you know what I'm going to

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do to you sort of thing, and then they became friends.

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And apparently Mark Wayne Mullen and Sean O'Brien are buddies,

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and Sean O'Brien showed up the hearing to support him today.

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The problem that Mark Wayne Mullen had, though, goes back

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to another problem, and this is rand Paul. Now. Ran

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Paul has already said this afternoon that he is going

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to be a no vote on Mark Wayne Mullen becoming

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the Secretary of Homeland security. Meantime, John Fetterman looks like

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he's going to be a yes boat. He hasn't said exactly,

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but he's very favorable toward Mark Wayn mullan. Mark Wayn

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mullen not only successful businessman, but he also was an

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undefeated mixed martial arts a fighter, so he's a tough guy.

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And Ran Paul, who's an optometrist, that's his Yeah, you know,

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he's a medical doctor specializes in eye care. In any case,

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he and Mark Wayne Mullen don't like each other. I've

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got to bring you back a couple of years ago.

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I don't know what happened. Nobody ever found out what happened.

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But Ran Paul was out in front of his house

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mowing the lawn, trimming hedges, doing homeowner things, and apparently

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he has a problem or the neighbor has a problem

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with him. But the neighbor came over. They got into

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a fight. Yes, they got into a fight, and the

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neighbor got the better part of Ran Paul. He broke

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six of his ribs and Ran Paul had to have

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surgery took out part of his lung. So Ran Paul

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has that on his background. And Mark Wayne Mullen at

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the time that went down said something to the effect

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of Bernie Sanders is a communist, but he's honest and

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he he and he says what he believes. Ran Paul,

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on the other hand, is a snake. So that comment

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about calling Ran Paul a snake came back today and

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Ran Paul went after Mark Wayne Mullen because he he

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doesn't like him. They don't like each other. Here's a

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little bit from the hearing today.

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Speaker 2: I'll give you that chance to clear the record. Tell

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it to my face. If that's what you believe, tell

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it to me today. Tell the world why you believe

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I deserve to be assaulted from behind.

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Speaker 3: I said, I could understand because of the behavior you

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were having that I gotta understand why your neighbor, why

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the neighbor did what he did. As far as my terms,

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is the snake in the grass, sir. I work around

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this room to try to fix problems. I've worked with

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many people in this room. Seems like you fight Republicans

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more than you work with us, haven't. I don't the

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word apologize, haven't heard the word regret.

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Speaker 2: Haven't heard I misspoke and it was heated and I

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made a mistake any of those words, sir.

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Speaker 3: I actually it wasn't heated, and I'm not apologizing for

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point not your countor coodn't.

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Speaker 1: So it was like two schoolboys that not they don't

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like each other. And he said, I'm not apologizing for

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pointing out your character. He still doesn't like Rand Paul.

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So later after the hearing, the Rand Paul gave this interview.

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Speaker 2: No, and I think his anger issues that he has

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as an individual, and his celebration of the violence that

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happened to me, but also his justification of the violence

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when he's you know, engaged and he was ready to

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have a fistfight in a committee. And when they asked

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him after he had cooled off days later, you know,

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would he reject any of that? Does he regret any

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of it? And he said no, he had no regrets.

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In fact, he referred to historical examples of violence as justification.

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He said, well, yeah, we've always had canings and duels,

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and he seemed oblivious to the fact that I pointed

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it out to him again today the duels were illegal

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one hundred and seventy years ago. When they happened, people

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would flee the jurisdiction to get away from the police

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because he was already illegal to have duels. But nobody

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really in the modern age that I know of, other

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than Mark Wayne Mullen is justifying political science political violence

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as oh, well, we need a manly way to settle

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our differences and some of those people just need to

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be punched in the mouth. That to me is bizarre

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and I think makes him unfit to lead federal law enforcement.

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Speaker 1: Oh, Rand Paul doesn't like Mark Wayne Bull and so

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the question is, however, can Ran Paul vote for Mark

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Wayne Mullen.

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Speaker 2: Now, I mean, an apology might have had a chance,

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but he's had several chances. I talked to him privately

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and he referred to it that we had political differences,

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and today he said we should set aside our political differences. Well,

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political differences would be I'm against the refugee welfare program

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and I've told him he's for it. That's a political difference.

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But if I wished violence on his family, that wouldn't

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be acceptable. And if he says the violence that happened

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to me where I had six ribs broken, my lung, damage,

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part of my lung removed to pneumonia's if he thinks

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that's justifiable, and he can readily understand it. He can

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completely understand it. I think that makes him unacceptable and

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unfit old office.

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Speaker 1: So they got into not only ran Paul, but also

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the ranking member of Democrat got into a question about

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some trip that Mark Wayne Mullen took as a member

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of the House of Representatives, and they wanted to know

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what the trip was about, and Mark Wayne Bullen said

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it was a classified trip, so I can't talk about it, period,

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and they wouldn't. They were having a hard time, but

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ran Paul still having a hard time dropping the questions.

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I don't know what happened on this trip, but they

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couldn't talk about it because Mark Wayne Bullen said it

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was classified and all the members of Congress seemed to

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nod in agreement that it was.

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Speaker 2: I was classified. So of course, by doing it and

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classified hearing, almost nothing is able to be revealed. But

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whether or not this is a personal sort of disagreement,

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it is not a personal disagreement when one of your

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colleagues says they could completely understand why six of your

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ribs were broken, your lung was damaged. I had part

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of my lung removed. I had an infection almost had.

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You know, I had an infection that had a twenty

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five percent death rate. So I mean no, I went

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through hell, and anybody who thinks that that's something that's

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commendable is an unfit person to lead law enforcement.

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Speaker 1: But it's not just that.

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Speaker 2: It's his reaction and committees jumping up saying he'll fight

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the person there taking his wedding ring off, and then

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the idea that really, oh, it's justified because we've had

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canings before him. I asked him about Charles Sumner, the

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famous abolitionist who was bludgeon nearly to death. He's unconscious,

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laying on the ground, blood coming out of his ear,

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blood coming out of his mouth. He is unconscious, and

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the thug from South Carolina kept beating him. He could

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have been dead for all he knew. And there was

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another representative from South Carolina with a gun holding everyone

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back so they couldn't help him. And somehow markway Mullen

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thinks that's a good example of when men were men

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and that's the way we could sell our differences man

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to man. Well, that's crazy. Nobody believes that. I didn't

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think in the modern world, even in eighteen sixty they

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thought it was terrible what happened to Charles Sumner. And

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if he can't see that or empathize with people who

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suffered from political violence, boy, I think he really precludes

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himself from.

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Speaker 4: This kind of job.

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Speaker 1: Well, back to the neighbor. Thought I was. You know,

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when I first heard this story, I thought the neighbor

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had to be some great, big giant, you know, Paul

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Bunyan type guy. No, Ran Paul. I've met him a

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few times. He's not a very big man, and neither

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is his neighbor. It was a neighbor. His name Renee Butcher,

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and I I thought photo of him, he looks kind

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of like he's about the same stature, same size as

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Rand Paul. But in any case, Butcher wound up sentenced

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to thirty days in jail for the attack, one hundred

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hours of community service, a ten thousand dollars fine. Prosecutors

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came back and said eighty age more. So they sent him.

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They said, okay, eight months more in prison, and you'll

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get credit for the thirty days served. Plus he's going

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to have six of the eight months he can do

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with home confinement. So and the whole argument apparently was

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over a property line. I guess, I guess it must

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have been quite a dispute, but ran Paul was really

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really hurt. And also then ran Paul sued him civilly

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and he had to pay five hundred and eighty thousand

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dollars in damages to ran Paul. So quite a dispute

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with your neighbor. Meantime, after all was said and done,

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you got the story now about the fight that he

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had with his neighbor, and he doesn't like Mark Wayn

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mullen because Mark Wayne Mullen is too much of a

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tough guy. All of a sudden done, he was asked, well,

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you think Mark Wayn Mullen is going to be confirmed

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as Secretary of Department of Homeland Security.

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Speaker 2: At this point, I think he'll get Democrat votes, and

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so I think he probably if I had to guess,

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we'll probably still win without my vote. But I can't

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imagine a person who won't apologize, who basically says you

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deserve to be assaulted, have your ribs broken. I don't

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know how anybody you know, who they would expect, could

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actually vote for that. And I can't imagine what kind

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of person with any sense of decency wouldn't have apologized

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for the comments, and just I gave him a chance.

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I said, you could have said you were angry because

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I revealed how you voted on the refugee welfare. You know,

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he voted for this refugee welfare. I had an amendment

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to repeal the refugee welfare. And he got a lot

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of grief at home because we put it all over

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the internet, not how he voted, but how everyone voted.

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We never singled him out, but he was unhappy about

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that and he lashed out against me. But the thing is,

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he could have just said I was unhappy at the time,

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and really I shouldn't have said that. That's what a

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normal person would say. But this is a guy who

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was justifying his fighting behavior by referring to dueling and

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caning in the Senate. So that, to me is an anomaly.

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Speaker 1: I don't know what you make of it, but obviously

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Rand Paul, I don't think I would forget it either

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if somebody broke my ribs. But Rand Paul man he

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has a grudge. He kept repeating about his six broken

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ribs and his lungs and all I get it. But

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then he's ranting on about the fact that he voted

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differently on some refugee bill. He just man Ran Paul

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comes across like a quiet, nice man, but he really

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holds a grudge, no question about it. And you thought

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this only took place on school yard playgrounds. So I

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guess this is a good time as any let's get

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updated on the war. As far as the leaders of Iran,

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every day another top leader is taken out. The guy

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who was taken out was the head of their intelligence.

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Last night, two were taken out the day before. Kareem Satapor,

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who's with the Carnegie Institute, knows the characters that were

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being killed.

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Speaker 5: Very significant regime because Adielodi Johnny was really the only

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one left in that system who had decades of both

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domestic policy experience and foreign policy experience in decades of

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institutional memory. So one of the last really competent people

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in that regime and not someone who is easily replaceable. So,

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as the President alluded to, Ali Lodi Johnny was a

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ruthless guy himself. He was implicated in the massacre of

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thirty thousand people potentially last January. But there aren't that

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many I would say, competent officials left in this system.

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So it is indeed true that they will replace him

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with someone who could potentially be even more dogmatic than him.

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But I do think this was a demoralizing blow to

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the regime. That said, we still haven't seen any cracks

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in the system, and we still haven't seen any signs

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that it's a regime prepared to change its long time

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revolutionary identity.

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Speaker 1: I've always believed that we're all replaceable, there's nobody that's irreplaceable.

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Yet according to this expert, apparently these leaders truly were irreplaceable.

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Speaker 5: Well, we still obviously haven't seen much Shabahamani, who is

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ostensibly the supreme leader, the most powerful guy in the country.

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We think he's in hiding. He's been injured, and the

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attack that killed his father and his mother and his

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wife and some of the senior advisors to him, These

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really thuggish characters behind the scenes. They're probably also in

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hiding because they have Israeli Bose eyes on them. And

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so you ask yourself, you know, how on earth can

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this system last like this? When it's hiding underground. They

301
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can't communicate with one another because their communications have been

302
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so thoroughly penetrated, and it's a system, which was almost

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bankrupt before this war started, and now they're even a

304
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much more dire economic straits. Well, I think it's this

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is the tail of three wars. There's the military war,

306
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the economic war, and then the police war. And militarily,

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obviously the United States and Israel are absolutely dominating. Iran

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has been significantly degraded internally and its regional proxies have

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been degraded. But for Iran, they're also fighting this economic

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war in which they want to spike the price of

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oil to impact American public opinion. And that is the

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third part of this war, the political war. All dictatorships,

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you know, the advantage they have when they're fighting democracies

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is they have contempt for their own public opinion. And

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what Irana have been saying this for a long time,

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but they're hoping is that American public opinion is going

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to force Trump to end this war abruptly.

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Speaker 1: Yeah, so you heard them think they think that they've

319
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got our number. That Americans get absolutely worn down very

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quickly about war and especially about high gas prices, and

321
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you want all that to change. And they think that

322
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we will put pressure on our president and our lawmakers

323
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in Washington to stop the war. That's what they're counting on,

324
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and they're not They're not far off that there's a

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large group of people who do want everything to stop

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because gas prices are higher inside Iran.

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Speaker 5: This is obviously a deeply aggrieved population at the moment,

328
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they're under bombardments, so they're waiting to see how the

329
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dust is going to settle. But yes, the leadership in

330
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Iran are going to be inheriting a wreckage. Their only

331
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goal really is to survive. And if they think if

332
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they if they survive, that's that's victory.

333
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Speaker 1: Yeah, they take that attitude of you don't have to win,

334
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you just don't you just don't lose, just hold on,

335
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take the pounding, and weigh out the Americans because the

336
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Americans will cave. But meantime, Russia is involved with helping Iran.

337
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Speaker 5: You know, for Russia, Iran is a tactical partner because

338
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it's a thorn in the side of the United States.

339
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And there's been intelligence reports that Russia has been sharing

340
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key intelligence with Iran targets to hit but ultimately, and

341
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this is one of the loneliest regimes in the world

342
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after North Korea, it's probably the loneliest government in the world.

343
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Speaker 1: So about the people that are very one sided, almost

344
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pro Iran. These are Americans that are pro Iran. They

345
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want Iran to win, and Jenner Colonel Darren gobb recognizes

346
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the fact that there is an element in this country

347
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that is rooting for the animy.

348
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Speaker 4: I guess what stuck out to me most was that

349
00:21:37,279 --> 00:21:41,079
they're trying to it seems, specifically like Senator Warner, for example,

350
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trying to create this narrative where everything that they're painting

351
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as potentially going wrong with the conflict in Iran is

352
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something that the intelligence community should have or may have

353
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shared with President Trump and he subsequently ignored. And I

354
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hope that narrative doesn't consist throughout this but I suspect

355
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it will. And that's what's unfortunate, is that they're busy

356
00:22:05,240 --> 00:22:08,680
trying to nitpick some things that may or may not exist,

357
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while ignoring the fact that we've been extraordinarily successful with

358
00:22:13,319 --> 00:22:16,119
much of our intelligence and our military operations in the

359
00:22:16,160 --> 00:22:19,599
regions to this point. There are legitimate concerns with the

360
00:22:19,640 --> 00:22:23,880
Straits of Hormus, for sure, and what's next playing with

361
00:22:24,000 --> 00:22:29,039
Iran after a likely military victory. Those things are legitimate

362
00:22:29,079 --> 00:22:31,880
points to be questioning about. But it seems like there's

363
00:22:31,880 --> 00:22:33,920
more of a pursuit for sound bites than there is

364
00:22:33,960 --> 00:22:37,960
for actual Well, I mean, you may be against the war.

365
00:22:38,559 --> 00:22:40,359
That's fine. You may be for the war.

366
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Speaker 1: But the problem becomes people that don't like Donald Trump

367
00:22:46,440 --> 00:22:49,079
are saying Trump's an idiot, he doesn't know what he's doing.

368
00:22:49,599 --> 00:22:53,279
This is all a big giant mess. It's all discombobulated

369
00:22:53,839 --> 00:22:56,880
and in fact, over at the military end of this,

370
00:22:57,400 --> 00:23:00,559
they are going through a methodical punch list. We've talked

371
00:23:00,599 --> 00:23:04,680
about this, going through piece by piece and taking down

372
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the military armament of Iran so that they cannot do

373
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danger outside of their borders. And that everybody that knows

374
00:23:14,200 --> 00:23:17,799
anything about the military effort seems to be full of praise,

375
00:23:17,839 --> 00:23:22,839
saying they're doing a great job. So I understand these

376
00:23:22,880 --> 00:23:26,079
people that don't like Donald Trump, but when it comes

377
00:23:26,119 --> 00:23:30,359
to figuring out if we are winning or we are

378
00:23:30,680 --> 00:23:32,960
have a mess on our hands, I think you should

379
00:23:33,000 --> 00:23:36,519
look at the military and see exactly how their operation

380
00:23:36,720 --> 00:23:40,079
is doing. And it seems to be going well. They're

381
00:23:40,400 --> 00:23:45,200
literally dismantling and blowing up every place where they've hidden

382
00:23:45,880 --> 00:23:49,279
missiles and drones in Iran, So I.

383
00:23:49,200 --> 00:23:51,559
Speaker 4: Think it's a sound strategy because what Iran has done

384
00:23:51,599 --> 00:23:54,480
over the last forty plus years is make their country

385
00:23:54,480 --> 00:23:57,359
into a giant bunker full of missiles in order to

386
00:23:57,400 --> 00:24:00,440
attack those things that they know are vulnerable bodies for

387
00:24:00,559 --> 00:24:04,480
US forces. And throughout the region the end along the

388
00:24:04,519 --> 00:24:07,920
shoreline are and near the shoreline are those bunkers that

389
00:24:07,960 --> 00:24:10,880
are capable of interdicting ships that are trying to get

390
00:24:10,880 --> 00:24:12,839
through the Straits of Horror Moves. And they've always known this,

391
00:24:12,880 --> 00:24:16,000
They've always planned on being able to affect that, and

392
00:24:16,039 --> 00:24:19,279
so what we're trying to do is reach them through

393
00:24:19,359 --> 00:24:21,839
bunker busting bombs and send the message that we can

394
00:24:21,960 --> 00:24:24,519
get to these resources and make sure that we open

395
00:24:24,640 --> 00:24:27,039
up the straits. It couldn't be the first thing we

396
00:24:27,119 --> 00:24:29,480
took on, though, because we had to go first after

397
00:24:30,160 --> 00:24:34,359
air defense, nuclear threats, and greater interconbolate or larger range

398
00:24:34,400 --> 00:24:38,039
ballistic missiles. So this would be expected and these bombs

399
00:24:38,039 --> 00:24:42,039
are very effective. We'll see if it effects the actual UH.

400
00:24:42,480 --> 00:24:44,400
I guess commerce through the trade to the Straits.

401
00:24:44,480 --> 00:24:48,640
Speaker 1: Right now, speaking of commerce through the Strait of Horror Moves, UH,

402
00:24:48,720 --> 00:24:51,839
it brings up the question of oil prices. Let's see today.

403
00:24:53,119 --> 00:24:57,039
Gasoline prices, according to Triple A, are now an average

404
00:24:57,039 --> 00:25:01,319
across the country of three dollars and eighty four cents.

405
00:25:01,559 --> 00:25:05,440
That is about one dollar higher than where it was

406
00:25:05,480 --> 00:25:08,720
before the conflict started. So three weeks ago we were

407
00:25:08,759 --> 00:25:12,480
at two eighty five. We're now at three point eighty four.

408
00:25:13,720 --> 00:25:16,400
The winner in the country, if you want to call

409
00:25:16,440 --> 00:25:18,559
it that, the loser for the people that live there,

410
00:25:18,960 --> 00:25:22,920
is California, the highest by far with average price this

411
00:25:23,039 --> 00:25:26,880
for the cheap stuff five dollars fifty six cents. One

412
00:25:26,880 --> 00:25:32,000
of their counties over by where Yosemite is located. Six

413
00:25:32,359 --> 00:25:36,480
dollars and thirty eight cents is the average price for

414
00:25:36,640 --> 00:25:40,359
a gallon of gas. I saw a reporter standing outside

415
00:25:40,519 --> 00:25:44,000
a gas station in Los Angeles where it is they're

416
00:25:44,119 --> 00:25:48,559
charging over eight dollars for a gallon of gas. That's

417
00:25:48,559 --> 00:25:53,519
in La California and Washington are the only two states

418
00:25:53,920 --> 00:25:57,839
where the average price is above five bucks. The average

419
00:25:57,880 --> 00:26:02,680
price for diesel is now five dollars and six cents.

420
00:26:03,240 --> 00:26:05,920
So everything you get you get on a truck, and

421
00:26:05,960 --> 00:26:11,160
the truck is paying a lot more for their diesel. Gas.

422
00:26:11,359 --> 00:26:15,920
The lowest for those of you in Kansas and Oklahoma, congratulations,

423
00:26:15,960 --> 00:26:20,920
you're at three dollars and twenty three cents for a

424
00:26:21,079 --> 00:26:24,759
barrel of for a gallon of gasoline, and that they

425
00:26:24,759 --> 00:26:28,680
were down below three. They had a two handle just

426
00:26:28,759 --> 00:26:32,640
a few weeks back. So let's listen to Bob McNally.

427
00:26:32,759 --> 00:26:36,119
He is, I think, if not the best, he's one

428
00:26:36,119 --> 00:26:38,279
of the top five in the country when it comes

429
00:26:38,359 --> 00:26:41,839
to an oil analyst. And this is his attitude about

430
00:26:41,839 --> 00:26:43,599
what's going on with oil prices.

431
00:26:43,799 --> 00:26:47,559
Speaker 6: We can't walk away from the oil price impacts of

432
00:26:47,599 --> 00:26:53,599
Iran controlling the straight It's true that Europe, especially.

433
00:26:53,160 --> 00:26:56,559
Speaker 1: Asia, relies on oil and.

434
00:26:56,720 --> 00:27:00,359
Speaker 6: LNG from the Gulf much more than we do. State

435
00:27:00,680 --> 00:27:03,359
does not physically import much I think about seven percent

436
00:27:03,400 --> 00:27:07,039
of its oil. We can easily replace that. However, you

437
00:27:07,119 --> 00:27:10,279
mentioned the pump price. What we pay at the prompt

438
00:27:10,759 --> 00:27:14,640
depends on whether there's a disruption in the Strait of Hormuz,

439
00:27:15,240 --> 00:27:18,039
and so we can sort of hand over the military

440
00:27:18,039 --> 00:27:23,079
responsibility of opening it. But as long as it's clothes

441
00:27:23,200 --> 00:27:26,759
or disrupted, we're going to be seeing ever higher distillate

442
00:27:26,799 --> 00:27:28,559
and gasoline prices here in America.

443
00:27:29,359 --> 00:27:32,440
Speaker 1: The interesting part about the oil markets is that oil

444
00:27:32,559 --> 00:27:35,240
was up again today a couple bucks. It's been creeping

445
00:27:35,319 --> 00:27:39,440
up two three four dollars a day, but it hasn't

446
00:27:39,480 --> 00:27:41,759
spiked up. A lot of people predicting one hundred and

447
00:27:41,799 --> 00:27:45,240
fifty maybe two hundred dollars a barrel right now is

448
00:27:45,359 --> 00:27:49,839
in the high nineties, So why isn't it spiking.

449
00:27:50,680 --> 00:27:54,440
Speaker 6: Yeah, that's a sign that the restraint that both sides

450
00:27:54,480 --> 00:27:58,559
have practiced so far in not targeting each other's critical

451
00:27:58,680 --> 00:28:03,680
energy infrastructure, that restraint seems to be eroding. Iran started

452
00:28:03,720 --> 00:28:09,119
by attacking Emirati gas infrastructure, so Iran is by no

453
00:28:09,200 --> 00:28:11,720
means innocent, and it has started the tit for tat,

454
00:28:12,160 --> 00:28:17,640
and now there's been a retaliation against Iran's critical gas

455
00:28:17,680 --> 00:28:21,359
production facilities, Iran's promise to retaliate. So I'm afraid what

456
00:28:21,400 --> 00:28:25,599
we have here is eroding restraint and an escalating tit

457
00:28:25,680 --> 00:28:30,640
for tat that hopefully won't involve targeting critical energy infrastructures

458
00:28:30,640 --> 00:28:33,680
and destroying them such as carg Island or ros Tenure

459
00:28:33,839 --> 00:28:37,279
or Abcake, because then we can reopen the strait eventually

460
00:28:37,680 --> 00:28:40,039
and flows can resume. But if there's physical damage to

461
00:28:40,039 --> 00:28:42,359
some of these facilities, it'll take a lot longer to recover.

462
00:28:42,640 --> 00:28:45,519
Speaker 1: I think that's exactly what the president has said, is

463
00:28:45,559 --> 00:28:47,440
that they hit the military targets, but they did not

464
00:28:47,559 --> 00:28:52,359
destroy the actual oil equipment that allows ships to come

465
00:28:52,400 --> 00:28:56,680
into Iran and load up and export their oil. As

466
00:28:56,759 --> 00:29:01,880
far as where we go from here, well.

467
00:29:01,599 --> 00:29:04,519
Speaker 6: You know, so Iran is just showing that it has control.

468
00:29:04,640 --> 00:29:08,440
It's flaunting its dominance. It can hit ships and then

469
00:29:08,519 --> 00:29:11,960
decide which ones leave. And I think it's mainly aimed

470
00:29:11,960 --> 00:29:12,920
at pleasing China.

471
00:29:12,960 --> 00:29:13,119
Speaker 1: There.

472
00:29:13,240 --> 00:29:16,720
Speaker 6: China has long desired to see the wand used in

473
00:29:16,799 --> 00:29:20,799
more transactions at the expense of the dollar. So other

474
00:29:20,880 --> 00:29:28,960
big countries that depend on the Gulf, India, other Asian countries,

475
00:29:29,319 --> 00:29:31,880
maybe even South Korea and Japan. I don't think that'll happen.

476
00:29:32,079 --> 00:29:34,920
And so what the Iranians are saying is, hey, you know,

477
00:29:34,960 --> 00:29:37,440
if you stop using the dollar and start using the

478
00:29:37,680 --> 00:29:40,200
wand from our friends in China, we'll be happy to

479
00:29:40,279 --> 00:29:42,039
let your ships out. Now, I don't think many you're

480
00:29:42,079 --> 00:29:45,480
going to go for that. China's wand is not convertible.

481
00:29:45,519 --> 00:29:48,880
It's not an attractive international asset for a lot of reasons. However,

482
00:29:48,920 --> 00:29:51,720
it just shows that Iran so almost taunting the United

483
00:29:51,720 --> 00:29:53,759
States with comments like that. I don't think it's too meaningful.

484
00:29:53,759 --> 00:29:56,200
I don't think it's going to happen, but it's a

485
00:29:56,240 --> 00:29:59,240
sort of a taunting and demonstrating there who controls the

486
00:29:59,279 --> 00:29:59,880
straight for now?

487
00:30:00,079 --> 00:30:03,039
Speaker 1: A few words, they are for now? But yeah, he's right,

488
00:30:03,119 --> 00:30:08,079
the Chinese one is not a tradable asset, so nobody

489
00:30:08,359 --> 00:30:11,039
really wants to own it. What are you going to

490
00:30:11,079 --> 00:30:13,759
do with it? As far as the work goes. Always,

491
00:30:13,920 --> 00:30:16,319
always I love to check in to find out what

492
00:30:16,400 --> 00:30:17,640
General Keen is thinking.

493
00:30:19,000 --> 00:30:22,880
Speaker 7: Well, we're not just taking a capability out for Iran,

494
00:30:23,000 --> 00:30:25,680
obviously to impact the stretch of the moves in the

495
00:30:25,680 --> 00:30:29,160
immediate crisis here, but also to make certain that they're

496
00:30:29,200 --> 00:30:32,079
not able to ever use it as leverage again regardless

497
00:30:32,119 --> 00:30:36,319
of who's in charge of Iran after military hostilities are over.

498
00:30:36,480 --> 00:30:39,359
So that really is the objective. And you only see

499
00:30:39,400 --> 00:30:42,279
in a portion of what has taken place here, although

500
00:30:42,319 --> 00:30:45,440
it's a vital and important piece that you're displaying the

501
00:30:45,559 --> 00:30:48,440
use of these bombs. The Iranians when it comes to

502
00:30:48,480 --> 00:30:52,160
ballistic missiles, they have storage sites above ground that are

503
00:30:52,160 --> 00:30:55,279
also kind of concealed as best they possibly can, but

504
00:30:55,359 --> 00:30:58,200
they also have storage sizes are very deep underneath the

505
00:30:58,240 --> 00:31:01,079
ground for all the obvious reasons, and after the Twelve

506
00:31:01,200 --> 00:31:04,680
Day War they concentrated on these storage sites underneath the

507
00:31:04,720 --> 00:31:08,960
ground because they recognized full up how vulnerable those above

508
00:31:09,000 --> 00:31:13,119
store sites were to the Israelis and the US potential attack.

509
00:31:14,119 --> 00:31:18,240
But in addition to that, not only ballistic missiles, they

510
00:31:18,240 --> 00:31:22,160
have anti ship missiles that can obviously do damage. And

511
00:31:22,559 --> 00:31:25,519
the drones themselves. The Shaheed kill a drone that they're

512
00:31:25,640 --> 00:31:28,480
using primarily not the only one, but the same one

513
00:31:28,519 --> 00:31:33,359
that Russia uses in Ukraine. It can go one thousand miles.

514
00:31:34,160 --> 00:31:37,519
So think about that in terms of the scale of

515
00:31:37,559 --> 00:31:40,319
the problem here, in terms of what drones bring to

516
00:31:40,359 --> 00:31:46,079
the battlefield. Now, so you understand, also in Ukraine we

517
00:31:46,200 --> 00:31:49,920
have been using a US built drones actually by a

518
00:31:50,160 --> 00:31:53,519
very famous and trumpneur by the name of Eric Smith

519
00:31:54,039 --> 00:31:58,400
from Google and his company called Perennial Autonomy. They have

520
00:31:58,599 --> 00:32:02,039
used a counter drome for merops and it's knocked down

521
00:32:02,160 --> 00:32:07,240
over four thousand of the Shahi drones inside Ukraine. Whereas

522
00:32:07,279 --> 00:32:11,279
mirops today it's in the Middle East operating against drones

523
00:32:11,640 --> 00:32:14,880
and doing it quite effectively. It's not the only drone

524
00:32:14,960 --> 00:32:18,960
you used in accounter drone mood certainly method excuse me,

525
00:32:19,480 --> 00:32:22,799
but it's one of several that we're using quite effectively.

526
00:32:23,119 --> 00:32:26,559
Speaker 1: So it's good to know that we have a vehicle

527
00:32:26,839 --> 00:32:30,480
that can counter attack the drones that have been so

528
00:32:30,519 --> 00:32:35,000
successful or the Ironians. But that is not the only

529
00:32:35,079 --> 00:32:37,440
thing that our military is doing well.

530
00:32:37,599 --> 00:32:41,039
Speaker 7: The main effort really hasn't changed, and that is a

531
00:32:41,079 --> 00:32:47,680
strip away all of Aron's conventional military capability and also

532
00:32:47,799 --> 00:32:52,359
their nuclear capability and make certain that cannot manufacture this

533
00:32:52,720 --> 00:32:56,079
anytime soon. Again, that is the main effort, and that

534
00:32:56,119 --> 00:32:59,920
absolutely continues. There's a focus, certainly as part of that

535
00:33:00,160 --> 00:33:02,920
main effort to deal with the straits of a mouse,

536
00:33:03,119 --> 00:33:05,920
because the Ronnings have chosen to deal with that, and

537
00:33:05,960 --> 00:33:09,279
obviously we're going to respond to that. But the main

538
00:33:09,319 --> 00:33:12,720
effort in itself takes care of this problem that we're

539
00:33:12,720 --> 00:33:14,680
dealing with in the straits of a moves, and that

540
00:33:14,880 --> 00:33:19,440
is take away their offensive capability and the future capability.

541
00:33:19,480 --> 00:33:23,000
In terms of the manufacturing. What we've done, we've about

542
00:33:23,039 --> 00:33:26,720
completed that. In terms of the private and public companies

543
00:33:27,039 --> 00:33:32,759
that can manufacture not just ballistic missiles conventional missiles, but

544
00:33:32,880 --> 00:33:37,039
cruise missiles and other capabilities that they have in terms

545
00:33:37,079 --> 00:33:41,559
of manufacturing. For example, the Shaheed drone itself a full

546
00:33:41,640 --> 00:33:44,119
suite of their offensive capability.

547
00:33:44,799 --> 00:33:48,680
Speaker 1: So we're getting there and we're doing it methodically, and

548
00:33:48,720 --> 00:33:53,319
that I think is good news of Americans can be

549
00:33:53,799 --> 00:33:57,960
patient to take out the number one terrorist sponsor in

550
00:33:58,039 --> 00:34:01,519
the world. They've killed so many people. You want to

551
00:34:01,519 --> 00:34:04,079
talk a little bit of money. The FED had their

552
00:34:04,079 --> 00:34:08,599
meeting yesterday and today they came out and as expected,

553
00:34:08,719 --> 00:34:12,360
they left interest rates unchanged, the FED funds rate at

554
00:34:12,360 --> 00:34:15,760
three and a half to three point seventy five. The

555
00:34:15,880 --> 00:34:21,679
vote was eleven to one in favor of keeping things unchanged.

556
00:34:22,719 --> 00:34:26,119
In their statement, they said the economy is still on

557
00:34:26,159 --> 00:34:32,480
a solid base, that we have slightly higher inflation, that

558
00:34:32,760 --> 00:34:36,280
they're predicting that the unemployment rate for the rest of

559
00:34:36,360 --> 00:34:41,760
the year will remain basically unchanged at four point four percent.

560
00:34:42,679 --> 00:34:48,639
So of the meeting. As far as predicting where they're

561
00:34:48,679 --> 00:34:50,400
going to go for the rest of the year, seven

562
00:34:50,440 --> 00:34:54,159
of the of the FED members said they see interest

563
00:34:54,239 --> 00:34:57,840
rates staying unchanged for the rest of the year. Twelve

564
00:34:57,920 --> 00:35:02,480
of them see cut or more so a very divided

565
00:35:03,039 --> 00:35:06,119
FED on their predictions about where the economy is going.

566
00:35:06,400 --> 00:35:09,119
We also got out today the Producer Price Index. This

567
00:35:09,199 --> 00:35:13,320
is wholesale inflation, and it was not good. It went

568
00:35:13,440 --> 00:35:17,960
up basically an annual year over year, went up three

569
00:35:18,039 --> 00:35:24,519
point four percent, and services were up half a percent.

570
00:35:25,280 --> 00:35:29,400
But goods, which have been much more tame, the price

571
00:35:29,440 --> 00:35:34,159
of goods, actual physical things, was up one point one percent.

572
00:35:34,800 --> 00:35:39,320
So that's a big, strong inflationary move that we saw

573
00:35:39,400 --> 00:35:43,280
out of the producer price index, the wholesale inflation rate.

574
00:35:43,639 --> 00:35:46,679
Factory orders not much to see there. They were up

575
00:35:46,719 --> 00:35:50,920
one tenth of a percent. That's for the month of January.

576
00:35:51,599 --> 00:35:58,000
As far as sports go, I'm so happy because there's

577
00:35:58,039 --> 00:36:05,519
a gap after Super What do you do? And March Madness. Yes,

578
00:36:05,760 --> 00:36:10,920
March Madness starts tonight in Dayton, Ohio, where it always

579
00:36:11,000 --> 00:36:14,280
starts with the first four. So if you've been waiting

580
00:36:14,360 --> 00:36:18,119
for March Madness, here we go. And in other sports,

581
00:36:18,800 --> 00:36:22,480
the World Baseball Classic wrapped up last night. It was

582
00:36:22,559 --> 00:36:28,079
down to two teams, Venezuela and the US Venezuela one.

583
00:36:29,119 --> 00:36:32,280
The game was three to two in favor of Venezuela's

584
00:36:32,679 --> 00:36:40,719
baseball team. So and then late this afternoon, sadly, another

585
00:36:41,119 --> 00:36:46,280
dignified transfer took place at Dover Air Force Base in Delaware.

586
00:36:46,360 --> 00:36:50,960
The President flew over there from Washington to attend the

587
00:36:51,039 --> 00:36:55,960
dignified transfer of the six airman who died in the

588
00:36:56,000 --> 00:37:00,559
crash of the KC one five last week. So that's

589
00:37:00,599 --> 00:37:03,920
it for today. Let's look at the market, because the

590
00:37:04,000 --> 00:37:07,719
Dow finished down pretty sharply. They didn't like the idea

591
00:37:07,760 --> 00:37:13,320
that again the Fed's not changing interest rates, but down

592
00:37:13,480 --> 00:37:18,519
seven hundred and sixty eight, the Dow at forty six thousand,

593
00:37:18,679 --> 00:37:21,840
two twenty five, the S ANDP with down ninety one,

594
00:37:22,480 --> 00:37:26,559
Nasdack down three hundred and twenty seven. The price of

595
00:37:26,599 --> 00:37:30,079
gold fell one hundred and sixty two dollars down to

596
00:37:30,159 --> 00:37:33,679
four thousand and eight forty five. And oil, like I said,

597
00:37:33,679 --> 00:37:35,960
it just keeps creeping up a couple bucks a day,

598
00:37:36,400 --> 00:37:38,880
up two and a half today, two dollars and forty

599
00:37:39,119 --> 00:37:43,400
cents now at ninety eight dollars and some change for

600
00:37:43,480 --> 00:37:46,840
a barrel of oil. That's it for today. Thank you

601
00:37:47,119 --> 00:37:50,840
for coming by. We will be back again tomorrow and

602
00:37:51,159 --> 00:37:52,400
I hope to see you then.