Financial Crash Expert: In 3 months We’ll Enter A Famine! If Iran Doesn’t Surrender It's The End!

So there are five scenarios in which the So there are five scenarios in which the war could end because Trump is stupid war could end because Trump is stupid war could end because Trump is stupid enough to take on what Israel wanted to enough to take on what Israel wanted to enough to take on what Israel wanted to do, which was destroy Iran, but they've do, which was destroy Iran, but they've do, which was destroy Iran, but they've bitten off far more than they can chew. bitten off far more than they can chew. bitten off far more than they can chew. So scenario one is Iran destroys the So scenario one is Iran destroys the So scenario one is Iran destroys the Gulf power infrastructure. I think Gulf power infrastructure. I think Gulf power infrastructure. I think that's highly likely. And if that that's highly likely. And if that that's highly likely. And if that happens, then Saudi Arabia, Qatar, happens, then Saudi Arabia, Qatar, happens, then Saudi Arabia, Qatar, Dubai, they'll become uninhabitable. And Dubai, they'll become uninhabitable. And Dubai, they'll become uninhabitable. And then scenario two, Iran disables then scenario two, Iran disables then scenario two, Iran disables Israel's nukes. I hope that happens, but Israel's nukes. I hope that happens, but Israel's nukes. I hope that happens, but there's this one. And it scares the there's this one. And it scares the there's this one. And it scares the out of me. Professor Steve, I have so out of me. Professor Steve, I have so out of me. Professor Steve, I have so many questions. What is going on? many questions. What is going on? many questions. What is going on? >> So, this war is threatening everybody on >> So, this war is threatening everybody on >> So, this war is threatening everybody on the planet. And what Trump is doing at the planet. And what Trump is doing at the planet. And what Trump is doing at the moment is a pump and dump scheme. the moment is a pump and dump scheme. the moment is a pump and dump scheme. He's trying to drive up the oil price He's trying to drive up the oil price He's trying to drive up the oil price and exploiting it for his friends and and exploiting it for his friends and and exploiting it for his friends and for his own wealth in the process. So, for his own wealth in the process. So, for his own wealth in the process. So, people are focusing upon the price of people are focusing upon the price of people are focusing upon the price of this. But the really important point is this. But the really important point is this. But the really important point is this, the straight of Ham. So, oil, this, the straight of Ham. So, oil, this, the straight of Ham. So, oil, fertilizer, helium all have to pass fertilizer, helium all have to pass fertilizer, helium all have to pass through the straight of Ham through the straight of Ham through the straight of Ham >> and Iran have blocked that gap. >> and Iran have blocked that gap. >> and Iran have blocked that gap. >> So, they can say you do or do not pass >> So, they can say you do or do not pass >> So, they can say you do or do not pass depending on your country's attitude depending on your country's attitude depending on your country's attitude towards our country. And that's quite towards our country. And that's quite towards our country. And that's quite terrifying because 20 to 30% of our terrifying because 20 to 30% of our terrifying because 20 to 30% of our fertilizer comes through at this point. fertilizer comes through at this point. fertilizer comes through at this point. But if this is not available, the globe But if this is not available, the globe But if this is not available, the globe has a famine. has a famine. has a famine. >> Do you think he will send ground troops >> Do you think he will send ground troops >> Do you think he will send ground troops in? in? in? >> Yes, I do. But I'd hate to be one of >> Yes, I do. But I'd hate to be one of >> Yes, I do. But I'd hate to be one of those troops because it's a suicide those troops because it's a suicide those troops because it's a suicide mission. They've got underground mission. They've got underground mission. They've got underground military units of weapons and troops, military units of weapons and troops, military units of weapons and troops, but we have no idea of the scale. but we have no idea of the scale. but we have no idea of the scale. >> Trump keeps saying that the war has been >> Trump keeps saying that the war has been >> Trump keeps saying that the war has been won. won. won. >> Yeah. >> Yeah. >> Yeah. >> What's going on there in your view? >> What's going on there in your view? >> What's going on there in your view? >> I think he's been fed propaganda to tell >> I think he's been fed propaganda to tell >> I think he's been fed propaganda to tell him that he's winning the war by his him that he's winning the war by his him that he's winning the war by his immediate advisers because you cannot immediate advisers because you cannot immediate advisers because you cannot tell a person like that that they've tell a person like that that they've tell a person like that that they've made a mistake. We'll talk about that as made a mistake. We'll talk about that as made a mistake. We'll talk about that as well. But you developed a bit of a well. But you developed a bit of a well. But you developed a bit of a reputation because you're very good at reputation because you're very good at reputation because you're very good at predicting things. So, which of these predicting things. So, which of these predicting things. So, which of these five outcomes do you think is most five outcomes do you think is most five outcomes do you think is most probable to happen? probable to happen? probable to happen? >> Oh god, >> Oh god, >> Oh god, >> this is super interesting to me. My team >> this is super interesting to me. My team >> this is super interesting to me. 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I'll make sure every single week, every I'll make sure every single week, every I'll make sure every single week, every single month, we fight harder and harder single month, we fight harder and harder single month, we fight harder and harder and harder and harder to bring you the and harder and harder to bring you the and harder and harder to bring you the guests and conversations that you want guests and conversations that you want guests and conversations that you want to hear. I've stayed true to that to hear. I've stayed true to that to hear. I've stayed true to that promise since the very beginning of the promise since the very beginning of the promise since the very beginning of the D ofio and I will not let you down. D ofio and I will not let you down. D ofio and I will not let you down. Please help us. Really appreciate it. Please help us. Really appreciate it. Please help us. Really appreciate it. Let's get on with the show. >> Professor Steven, who who are you? If >> Professor Steven, who who are you? If you had to sort of distill it down to you had to sort of distill it down to you had to sort of distill it down to three areas of specialism, what would three areas of specialism, what would three areas of specialism, what would those be? history of economic thought, those be? history of economic thought, those be? history of economic thought, financial instability, so the what financial instability, so the what financial instability, so the what causes volatility in the in the economy causes volatility in the in the economy causes volatility in the in the economy and the dynamics of money and ironically and the dynamics of money and ironically and the dynamics of money and ironically it makes me a minority in economics it makes me a minority in economics it makes me a minority in economics because most economists ignore money because most economists ignore money because most economists ignore money completely. completely. completely. >> It's a strange thing to you. >> It's a strange thing to you. >> It's a strange thing to you. >> It's ridiculous but it's true. >> It's ridiculous but it's true. >> It's ridiculous but it's true. >> We'll talk about that as well today. I >> We'll talk about that as well today. I >> We'll talk about that as well today. I really want to focus on what's going on really want to focus on what's going on really want to focus on what's going on in the world right now because there's in the world right now because there's in the world right now because there's so many questions. It's it's all quite so many questions. It's it's all quite so many questions. It's it's all quite confusing confusing confusing >> extremely >> extremely >> extremely >> and understanding the layers of >> and understanding the layers of >> and understanding the layers of motivation that you know Trump has, Iran motivation that you know Trump has, Iran motivation that you know Trump has, Iran have, Israel have is um it's a difficult have, Israel have is um it's a difficult have, Israel have is um it's a difficult jigsaw puzzle to put together. jigsaw puzzle to put together. jigsaw puzzle to put together. >> I guess the the question that I keep >> I guess the the question that I keep >> I guess the the question that I keep asking myself is like what is going on? asking myself is like what is going on? asking myself is like what is going on? >> You can't get away from the fact that >> You can't get away from the fact that >> You can't get away from the fact that we've basically elected a mafia dawn to we've basically elected a mafia dawn to we've basically elected a mafia dawn to president of the United States. You've president of the United States. You've president of the United States. You've got a guy who got a guy who got a guy who admires the mafia admires the mafia admires the mafia who's running the country. So what we're who's running the country. So what we're who's running the country. So what we're getting in some ways is a shakeddown getting in some ways is a shakeddown getting in some ways is a shakeddown rather than anything driven by any sense rather than anything driven by any sense rather than anything driven by any sense of political necessity. Okay. So that's of political necessity. Okay. So that's of political necessity. Okay. So that's that's a crazy element to begin with. that's a crazy element to begin with. that's a crazy element to begin with. And the American deep state as it's And the American deep state as it's And the American deep state as it's called has been anti-Iran for 40 or 50 called has been anti-Iran for 40 or 50 called has been anti-Iran for 40 or 50 years. Israel has wanted to defeat Iran years. Israel has wanted to defeat Iran years. Israel has wanted to defeat Iran for that length of time. Trump is stupid for that length of time. Trump is stupid for that length of time. Trump is stupid enough but also cunning enough. It's a enough but also cunning enough. It's a enough but also cunning enough. It's a combination of the two to take on what combination of the two to take on what combination of the two to take on what Israel wanted to do, which was destroy Israel wanted to do, which was destroy Israel wanted to do, which was destroy Iran. They're now trying to do it and Iran. They're now trying to do it and Iran. They're now trying to do it and they're finding that they've they've they're finding that they've they've they're finding that they've they've bitten off far more than they can chew. bitten off far more than they can chew. bitten off far more than they can chew. >> Trump is someone who cares a lot about >> Trump is someone who cares a lot about >> Trump is someone who cares a lot about people's opinions of him and he must people's opinions of him and he must people's opinions of him and he must have known that this would be have known that this would be have known that this would be politically unpopular to target around politically unpopular to target around politically unpopular to target around at this moment in time. at this moment in time. at this moment in time. >> I don't think so. I had a relationship >> I don't think so. I had a relationship >> I don't think so. I had a relationship with somebody with narcissistic with somebody with narcissistic with somebody with narcissistic personality disorder. So that's personality disorder. So that's personality disorder. So that's something over and above what I learned something over and above what I learned something over and above what I learned academically that I when I think about academically that I when I think about academically that I when I think about his behavior and somebody like that, his behavior and somebody like that, his behavior and somebody like that, they want to be the center of attention they want to be the center of attention they want to be the center of attention at all times. They can't stand it when at all times. They can't stand it when at all times. They can't stand it when somebody else is being spoken about. somebody else is being spoken about. somebody else is being spoken about. It's ridiculous, but it's it's a It's ridiculous, but it's it's a It's ridiculous, but it's it's a pathology. So he's interested in pathology. So he's interested in pathology. So he's interested in people's opinions so long as they're people's opinions so long as they're people's opinions so long as they're positive and they're about him. positive and they're about him. positive and they're about him. >> So you are you saying that he attacked >> So you are you saying that he attacked >> So you are you saying that he attacked Iran and started this war in part Iran and started this war in part Iran and started this war in part because he wanted attention? because he wanted attention? because he wanted attention? >> That's always something with somebody >> That's always something with somebody >> That's always something with somebody who's got that disorder. Yeah. who's got that disorder. Yeah. who's got that disorder. Yeah. >> I mean, what do you think about his >> I mean, what do you think about his >> I mean, what do you think about his rational? He's saying that he attacked rational? He's saying that he attacked rational? He's saying that he attacked Iran because they had nuclear weapons Iran because they had nuclear weapons Iran because they had nuclear weapons and they were there was an imminent and they were there was an imminent and they were there was an imminent threat. threat. threat. >> We still don't know whether Iran has >> We still don't know whether Iran has >> We still don't know whether Iran has nuclear weapons. Okay. We know that nuclear weapons. Okay. We know that nuclear weapons. Okay. We know that Israel has. If you're going to attack a Israel has. If you're going to attack a Israel has. If you're going to attack a country with you, you should attack country with you, you should attack country with you, you should attack Israel, not Iran. Israel, not Iran. Israel, not Iran. >> But you can't attack attack Israel, can >> But you can't attack attack Israel, can >> But you can't attack attack Israel, can you? Cuz you? Cuz you? Cuz >> I cannot make sense of what politicians >> I cannot make sense of what politicians >> I cannot make sense of what politicians all over the planet are doing these all over the planet are doing these all over the planet are doing these days. There's a huge gap between what days. There's a huge gap between what days. There's a huge gap between what politicians are saying about global politicians are saying about global politicians are saying about global politics and what people in the street politics and what people in the street politics and what people in the street are saying about it. So people on the are saying about it. So people on the are saying about it. So people on the street have seen the Gaza genocide. street have seen the Gaza genocide. street have seen the Gaza genocide. They've seen all the conflicts Israel They've seen all the conflicts Israel They've seen all the conflicts Israel has started there. And I think the has started there. And I think the has started there. And I think the general sentiment in most countries in general sentiment in most countries in general sentiment in most countries in the world today is anti-Israel because the world today is anti-Israel because the world today is anti-Israel because of the way it's treating the of the way it's treating the of the way it's treating the Palestinians. And that's what people are Palestinians. And that's what people are Palestinians. And that's what people are thinking about. the top echelons like in thinking about. the top echelons like in thinking about. the top echelons like in this country as you know if I if I say this country as you know if I if I say this country as you know if I if I say free Palestine I say that outside on the free Palestine I say that outside on the free Palestine I say that outside on the street I can be arrested it's crazy what street I can be arrested it's crazy what street I can be arrested it's crazy what there's a huge divorce between what there's a huge divorce between what there's a huge divorce between what people are thinking and what the people are thinking and what the people are thinking and what the politicians are saying and I can't give politicians are saying and I can't give politicians are saying and I can't give any explanation for that divorce apart any explanation for that divorce apart any explanation for that divorce apart from believing that Israel has something from believing that Israel has something from believing that Israel has something over our political leaders over our political leaders over our political leaders >> what do you mean you think they have >> what do you mean you think they have >> what do you mean you think they have something over our political leaders something over our political leaders something over our political leaders >> I think there >> I think there >> I think there We know about the whole Epstein. The the We know about the whole Epstein. The the We know about the whole Epstein. The the way that the Iranians refer to what's way that the Iranians refer to what's way that the Iranians refer to what's happening is they say they're fighting happening is they say they're fighting happening is they say they're fighting the Epstein class and there's belief the Epstein class and there's belief the Epstein class and there's belief that there's something where Epstein that there's something where Epstein that there's something where Epstein has been working for with the Israeli has been working for with the Israeli has been working for with the Israeli intelligence service and has blackmailed intelligence service and has blackmailed intelligence service and has blackmailed worthy material on a huge range of worthy material on a huge range of worthy material on a huge range of politicians. And that's the only way politicians. And that's the only way politicians. And that's the only way that I can explain the the sort of that I can explain the the sort of that I can explain the the sort of things that politicians are supporting things that politicians are supporting things that politicians are supporting when their populace is angry about those when their populace is angry about those when their populace is angry about those same policies. So you get demonstrations same policies. So you get demonstrations same policies. So you get demonstrations here, you know, free Palestine here, you know, free Palestine here, you know, free Palestine demonstrations, 80-year-old female demonstrations, 80-year-old female demonstrations, 80-year-old female vicers being arrested for saying this vicers being arrested for saying this vicers being arrested for saying this sort of stuff. You go back 40 years ago, sort of stuff. You go back 40 years ago, sort of stuff. You go back 40 years ago, there was a a a belief in the public and there was a a a belief in the public and there was a a a belief in the public and a belief amongst politicians that Israel a belief amongst politicians that Israel a belief amongst politicians that Israel had a right to exist and it was all had a right to exist and it was all had a right to exist and it was all pro-Israel. And now after 40 years, the pro-Israel. And now after 40 years, the pro-Israel. And now after 40 years, the type of abuses that have happened in type of abuses that have happened in type of abuses that have happened in Palestine have hit individual ordinary Palestine have hit individual ordinary Palestine have hit individual ordinary people's attitudes to Israel. So people's attitudes to Israel. So people's attitudes to Israel. So ordinary people are saying Israel's the ordinary people are saying Israel's the ordinary people are saying Israel's the aggressor. Israel's making the mistakes. aggressor. Israel's making the mistakes. aggressor. Israel's making the mistakes. But the politicians are all saying it's But the politicians are all saying it's But the politicians are all saying it's a it's it's anti- um Seemitic to a it's it's anti- um Seemitic to a it's it's anti- um Seemitic to criticize Israel. criticize Israel. criticize Israel. >> If you had to give a a one-s sentence >> If you had to give a a one-s sentence >> If you had to give a a one-s sentence answer as to why this war started answer as to why this war started answer as to why this war started because we sort of hypothesized a few because we sort of hypothesized a few because we sort of hypothesized a few things there. What would that one things there. What would that one things there. What would that one sentence answer be? >> Again, this is trying to make sense of >> Again, this is trying to make sense of the senseless. I just think Israel the senseless. I just think Israel the senseless. I just think Israel wanted to destroy Iran. They thought wanted to destroy Iran. They thought wanted to destroy Iran. They thought they could do it and they thought they they could do it and they thought they they could do it and they thought they had an American president who would help had an American president who would help had an American president who would help them do it and they I drastically them do it and they I drastically them do it and they I drastically underestimated how prepared Iran was for underestimated how prepared Iran was for underestimated how prepared Iran was for that conflict. that conflict. that conflict. >> Why would Israel want to destroy Iran? >> Why would Israel want to destroy Iran? >> Why would Israel want to destroy Iran? What's the context there? What's the context there? What's the context there? >> This goes back to religious elements. >> This goes back to religious elements. >> This goes back to religious elements. The Zionist state had the right to that The Zionist state had the right to that The Zionist state had the right to that whole region and there's an expansionist whole region and there's an expansionist whole region and there's an expansionist element to Israel's behavior for the element to Israel's behavior for the element to Israel's behavior for the last 40 years. And the major rival they last 40 years. And the major rival they last 40 years. And the major rival they saw themselves as having in that sense saw themselves as having in that sense saw themselves as having in that sense was Iran. They can invade Jordan. They was Iran. They can invade Jordan. They was Iran. They can invade Jordan. They could attack Lebanon. Uh they could do could attack Lebanon. Uh they could do could attack Lebanon. Uh they could do all these things. Of course they the 67 all these things. Of course they the 67 all these things. Of course they the 67 war. Uh they wiped out the is Arab war. Uh they wiped out the is Arab war. Uh they wiped out the is Arab invading Arabian armies in six days. invading Arabian armies in six days. invading Arabian armies in six days. They have this past history of being They have this past history of being They have this past history of being militarily dominant in the area and they militarily dominant in the area and they militarily dominant in the area and they they knew that Iran was too big for them they knew that Iran was too big for them they knew that Iran was too big for them to take on on their own. They thought to take on on their own. They thought to take on on their own. They thought they could get the Americans in there they could get the Americans in there they could get the Americans in there and I think they drastically and I think they drastically and I think they drastically underestimated how prepared Iran was for underestimated how prepared Iran was for underestimated how prepared Iran was for this situation. this situation. this situation. >> When you say Iran were prepared for this >> When you say Iran were prepared for this >> When you say Iran were prepared for this situation and it somewhat surprised situation and it somewhat surprised situation and it somewhat surprised Israel and the US. What is that Israel and the US. What is that Israel and the US. What is that preparedness you're speaking about? preparedness you're speaking about? preparedness you're speaking about? Well, it's for a start the the fact that Well, it's for a start the the fact that Well, it's for a start the the fact that Iran witnessed that there were um Iran witnessed that there were um Iran witnessed that there were um decapitation attacks on other countries decapitation attacks on other countries decapitation attacks on other countries in the region going way way back not in the region going way way back not in the region going way way back not just the last 10 years but the last 40 just the last 10 years but the last 40 just the last 10 years but the last 40 or 50 years decapitation or 50 years decapitation or 50 years decapitation >> you take off the leader you kill the >> you take off the leader you kill the >> you take off the leader you kill the leaders and then with the leaders killed leaders and then with the leaders killed leaders and then with the leaders killed the armies in disarray and you can come the armies in disarray and you can come the armies in disarray and you can come in and invade and take over. So getting in and invade and take over. So getting in and invade and take over. So getting rid of Saddam Hussein that sort of thing rid of Saddam Hussein that sort of thing rid of Saddam Hussein that sort of thing you know wipe out Saddam Hussein's power you know wipe out Saddam Hussein's power you know wipe out Saddam Hussein's power base and then the whole system base and then the whole system base and then the whole system collapses. That was the Iraq story. But collapses. That was the Iraq story. But collapses. That was the Iraq story. But the Iranians observed that and they have the Iranians observed that and they have the Iranians observed that and they have broken their military into 31 divisions. broken their military into 31 divisions. broken their military into 31 divisions. There are 31 provinces like 31 states in There are 31 provinces like 31 states in There are 31 provinces like 31 states in that sense inside Iran. Their military that sense inside Iran. Their military that sense inside Iran. Their military has broken into those 31 units. They've has broken into those 31 units. They've has broken into those 31 units. They've got their own fail safe system running got their own fail safe system running got their own fail safe system running in the background. They've got their own in the background. They've got their own in the background. They've got their own resources, their own missiles, resources, their own missiles, resources, their own missiles, production systems, all that sort of production systems, all that sort of production systems, all that sort of stuff. So you've got to take out the stuff. So you've got to take out the stuff. So you've got to take out the whole 31 and then they'd have that sub whole 31 and then they'd have that sub whole 31 and then they'd have that sub area. So the only way you can beat the area. So the only way you can beat the area. So the only way you can beat the country is by literally bombing it to country is by literally bombing it to country is by literally bombing it to back to the stone age back to the stone age back to the stone age >> which is appears to be what they've been >> which is appears to be what they've been >> which is appears to be what they've been trying to do trying to do trying to do >> trying to do. But the thing is it's a >> trying to do. But the thing is it's a >> trying to do. But the thing is it's a huge country. I mean look at you know huge country. I mean look at you know huge country. I mean look at you know the scale of around the map's always the scale of around the map's always the scale of around the map's always distort how large. So that is larger. distort how large. So that is larger. distort how large. So that is larger. That's more than half the size of That's more than half the size of That's more than half the size of Western Europe. It's got a population of Western Europe. It's got a population of Western Europe. It's got a population of 90 million about 1/3 or one quarter the 90 million about 1/3 or one quarter the 90 million about 1/3 or one quarter the population of Europe far more than Iraq. population of Europe far more than Iraq. population of Europe far more than Iraq. >> I mean it looks like it's double the >> I mean it looks like it's double the >> I mean it looks like it's double the size of the UK or more size of the UK or more size of the UK or more >> or more than double. I mean you know one >> or more than double. I mean you know one >> or more than double. I mean you know one thing about the MA projection. thing about the MA projection. thing about the MA projection. >> No. What's that? >> No. What's that? >> No. What's that? >> Okay. It's that it's it makes the the >> Okay. It's that it's it makes the the >> Okay. It's that it's it makes the the northern hemisphere is twice as large as northern hemisphere is twice as large as northern hemisphere is twice as large as the southern and arounds in the northern the southern and arounds in the northern the southern and arounds in the northern hemisphere but not as far north as hemisphere but not as far north as hemisphere but not as far north as England. So the distortion gets England. So the distortion gets England. So the distortion gets amplified the further north you go. So amplified the further north you go. So amplified the further north you go. So it's bigger than France and Germany and it's bigger than France and Germany and it's bigger than France and Germany and Italy and Spain Italy and Spain Italy and Spain >> and possibly Poland in terms of area. >> and possibly Poland in terms of area. >> and possibly Poland in terms of area. And then if you even see just looking on And then if you even see just looking on And then if you even see just looking on the map itself you can see the the map itself you can see the the map itself you can see the corrugations there versus what you can corrugations there versus what you can corrugations there versus what you can see corrugation see corrugation see corrugation >> the what representing mountains. Okay. >> the what representing mountains. Okay. >> the what representing mountains. Okay. >> Okay. There's more mountains inside >> Okay. There's more mountains inside >> Okay. There's more mountains inside there. It's a hor it's a horrendous there. It's a hor it's a horrendous there. It's a hor it's a horrendous terrain to fight a war on. I think what terrain to fight a war on. I think what terrain to fight a war on. I think what Trump is doing at the moment is a pump Trump is doing at the moment is a pump Trump is doing at the moment is a pump and dump scheme. He's trying to drive up and dump scheme. He's trying to drive up and dump scheme. He's trying to drive up the oil price, tell friends beforehand the oil price, tell friends beforehand the oil price, tell friends beforehand that he's about to make his announcement that he's about to make his announcement that he's about to make his announcement which will cause the price to fall and which will cause the price to fall and which will cause the price to fall and he's just oscillating this way up and he's just oscillating this way up and he's just oscillating this way up and down and exploiting it for his friends down and exploiting it for his friends down and exploiting it for his friends and for his own wealth in the process. and for his own wealth in the process. and for his own wealth in the process. >> Do you actually think that's the case? >> Do you actually think that's the case? >> Do you actually think that's the case? Because this must be make sense of this Because this must be make sense of this Because this must be make sense of this stuff. this must be hurting his friends stuff. this must be hurting his friends stuff. this must be hurting his friends economically because the this, you know, economically because the this, you know, economically because the this, you know, the stock market's going to take a dip the stock market's going to take a dip the stock market's going to take a dip if he's not careful and his friends are if he's not careful and his friends are if he's not careful and his friends are all shareholders in different big all shareholders in different big all shareholders in different big companies. So, you know, also if you companies. So, you know, also if you companies. So, you know, also if you know like the one of Kane's great lines know like the one of Kane's great lines know like the one of Kane's great lines was that there's no point in buying a was that there's no point in buying a was that there's no point in buying a stock which you think is going to stock which you think is going to stock which you think is going to increase in value over time if you think increase in value over time if you think increase in value over time if you think it's going to slump in the immediate it's going to slump in the immediate it's going to slump in the immediate future. So, he's making an announcement future. So, he's making an announcement future. So, he's making an announcement which causes oil markets to panic. So, which causes oil markets to panic. So, which causes oil markets to panic. So, the price goes up. We've given him the price goes up. We've given him the price goes up. We've given him control of the most powerful country on control of the most powerful country on control of the most powerful country on the planet. He knows if you make an the planet. He knows if you make an the planet. He knows if you make an announcement, it moves markets. He has announcement, it moves markets. He has announcement, it moves markets. He has no compunction whatsoever in exploiting no compunction whatsoever in exploiting no compunction whatsoever in exploiting that to cause rises and falls in prices that to cause rises and falls in prices that to cause rises and falls in prices and try to exploit them himself and with and try to exploit them himself and with and try to exploit them himself and with his friends. his friends. his friends. >> I did. I mean, I did see that. I've got >> I did. I mean, I did see that. I've got >> I did. I mean, I did see that. I've got the data here on on the floor showing the data here on on the floor showing the data here on on the floor showing those graphs. I I generally looked at those graphs. I I generally looked at those graphs. I I generally looked at that and thought, yeah, you know, maybe, that and thought, yeah, you know, maybe, that and thought, yeah, you know, maybe, but it's also conceivable that Trump is but it's also conceivable that Trump is but it's also conceivable that Trump is quite a predictable character and he quite a predictable character and he quite a predictable character and he tweets at the same time every day. And tweets at the same time every day. And tweets at the same time every day. And it's also I think me and you both know it's also I think me and you both know it's also I think me and you both know that before the markets open on a Monday that before the markets open on a Monday that before the markets open on a Monday morning, he's going to want to say morning, he's going to want to say morning, he's going to want to say something really positive. something really positive. something really positive. >> He has a track record of doing that. So >> He has a track record of doing that. So >> He has a track record of doing that. So is it conceivable that they knew he was is it conceivable that they knew he was is it conceivable that they knew he was flying because it was tracked that he flying because it was tracked that he flying because it was tracked that he was going to be on this plane journey. was going to be on this plane journey. was going to be on this plane journey. There's going to be a press gaggle. We There's going to be a press gaggle. We There's going to be a press gaggle. We know he's going to give an interview. I know he's going to give an interview. I know he's going to give an interview. I actually think that was quite actually think that was quite actually think that was quite predictable. If I was a betting man, I predictable. If I was a betting man, I predictable. If I was a betting man, I would have gone Sunday night or Monday would have gone Sunday night or Monday would have gone Sunday night or Monday morning. I would have put a bet on oil morning. I would have put a bet on oil morning. I would have put a bet on oil prices coming down, the stock market prices coming down, the stock market prices coming down, the stock market going up. going up. going up. >> Yeah. And like for example that one of >> Yeah. And like for example that one of >> Yeah. And like for example that one of the things he said most recently he the things he said most recently he the things he said most recently he talked about getting a present from Iran talked about getting a present from Iran talked about getting a present from Iran >> and then he finally let slip what the >> and then he finally let slip what the >> and then he finally let slip what the present was and was letting eight ships present was and was letting eight ships present was and was letting eight ships through the straight of Hmas. through the straight of Hmas. through the straight of Hmas. >> Oh >> Oh >> Oh those eight ships were not American. those eight ships were not American. those eight ships were not American. They were other allies. I think what They were other allies. I think what They were other allies. I think what he's thinking is these um that's going he's thinking is these um that's going he's thinking is these um that's going to mean the oil market gets calmed down. to mean the oil market gets calmed down. to mean the oil market gets calmed down. That means the price is going to fall. That means the price is going to fall. That means the price is going to fall. Uh so I can then do another pump and Uh so I can then do another pump and Uh so I can then do another pump and dump. dump. dump. >> Let's explain the straight of hormones. >> Let's explain the straight of hormones. >> Let's explain the straight of hormones. >> Oh god. Yeah. is if we had to explain it >> Oh god. Yeah. is if we had to explain it >> Oh god. Yeah. is if we had to explain it for 16 year olds because there's been for 16 year olds because there's been for 16 year olds because there's been lots of coverage on it and I think some lots of coverage on it and I think some lots of coverage on it and I think some people have kind of skipped past the people have kind of skipped past the people have kind of skipped past the importance of the region. What is the importance of the region. What is the importance of the region. What is the straight of hormones and why does it straight of hormones and why does it straight of hormones and why does it matter? matter? matter? >> Well, it's the choke point in the >> Well, it's the choke point in the >> Well, it's the choke point in the Persian Gulf to get through. You've got Persian Gulf to get through. You've got Persian Gulf to get through. You've got like 21 km. Okay, that's an incredibly like 21 km. Okay, that's an incredibly like 21 km. Okay, that's an incredibly narrow gap for ships to pass through and narrow gap for ships to pass through and narrow gap for ships to pass through and that means that all the countries that that means that all the countries that that means that all the countries that pump not just oil but fertilizer, uh, pump not just oil but fertilizer, uh, pump not just oil but fertilizer, uh, helium, all these critical elements for helium, all these critical elements for helium, all these critical elements for the production system all have to pass the production system all have to pass the production system all have to pass through this point. And obviously that's through this point. And obviously that's through this point. And obviously that's well within reach of any weapons from well within reach of any weapons from well within reach of any weapons from Iran. So they can say you do or do not Iran. So they can say you do or do not Iran. So they can say you do or do not pass depending on whether we approve or pass depending on whether we approve or pass depending on whether we approve or don't approve of your political your don't approve of your political your don't approve of your political your country's attitude towards our country. country's attitude towards our country. country's attitude towards our country. >> You said fertilizer. >> You said fertilizer. >> You said fertilizer. >> Yeah. >> Yeah. >> Yeah. >> Oil and helium. >> Oil and helium. >> Oil and helium. >> Yeah. Helium. >> Yeah. Helium. >> Yeah. Helium. >> Where are they coming from? >> Where are they coming from? >> Where are they coming from? >> They're mainly coming from I think for >> They're mainly coming from I think for >> They're mainly coming from I think for mainly from the Saudi Arabian side. mainly from the Saudi Arabian side. mainly from the Saudi Arabian side. Saudi Arabia and like Iran will have the Saudi Arabia and like Iran will have the Saudi Arabia and like Iran will have the same things but Iran would keep it keep same things but Iran would keep it keep same things but Iran would keep it keep those for themselves but Saudi Arabia is those for themselves but Saudi Arabia is those for themselves but Saudi Arabia is the main source of gases and oils which the main source of gases and oils which the main source of gases and oils which are refined and as byproducts we get are refined and as byproducts we get are refined and as byproducts we get sulfur dioxide and we get helium. This sulfur dioxide and we get helium. This sulfur dioxide and we get helium. This is the helium. is the helium. is the helium. >> Yeah. >> Yeah. >> Yeah. >> Okay. That's you know a couple of kilos >> Okay. That's you know a couple of kilos >> Okay. That's you know a couple of kilos of helium. But helium it's an element of helium. But helium it's an element of helium. But helium it's an element which there's no substitute. which there's no substitute. which there's no substitute. >> So helium is inert. >> So helium is inert. >> So helium is inert. >> What does that mean? It means it doesn't >> What does that mean? It means it doesn't >> What does that mean? It means it doesn't interact with other chemicals. You want interact with other chemicals. You want interact with other chemicals. You want to give it a try? to give it a try? to give it a try? >> I've never done it. >> I've never done it. >> I've never done it. >> I don't think there's any in here. >> I don't think there's any in here. >> I don't think there's any in here. >> Oh, what a pity. Okay. What I would have >> Oh, what a pity. Okay. What I would have >> Oh, what a pity. Okay. What I would have done to give it a try. You got any real done to give it a try. You got any real done to give it a try. You got any real helium? helium? helium? >> Oh, bloody hell. Helium balloon. >> Oh, bloody hell. Helium balloon. >> Oh, bloody hell. Helium balloon. >> Okay. >> Does it change your voice? >> Does it change your voice? >> I don't know. Has my voice changed? >> I don't know. Has my voice changed? >> I don't know. Has my voice changed? >> It did. I'll give my voice a try. Okay. >> It did. I'll give my voice a try. Okay. >> It did. I'll give my voice a try. Okay. >> Um Okay. I've never done this before, >> Um Okay. I've never done this before, >> Um Okay. I've never done this before, but I've heard it at parties. >> Okay. And now I think my voice has >> Okay. And now I think my voice has changed somewhat from changed somewhat from changed somewhat from the fact you can do it. Oh my god. That is a riot. Okay. That is a riot. Okay. >> Where is helium coming from? >> Where is helium coming from? >> Where is helium coming from? >> It's coming from a gas field. So about >> It's coming from a gas field. So about >> It's coming from a gas field. So about 30% of the world's helium comes from a 30% of the world's helium comes from a 30% of the world's helium comes from a gas field which spans both Saudi Arabia gas field which spans both Saudi Arabia gas field which spans both Saudi Arabia and Iran. If you don't trap helium and Iran. If you don't trap helium and Iran. If you don't trap helium physically somehow it goes to outer physically somehow it goes to outer physically somehow it goes to outer space. That's the ultimate destination space. That's the ultimate destination space. That's the ultimate destination of the stuff. So it's trapped in the of the stuff. So it's trapped in the of the stuff. So it's trapped in the same things that trap oil. And then when same things that trap oil. And then when same things that trap oil. And then when you drill for oil, you also get helium you drill for oil, you also get helium you drill for oil, you also get helium coming out. And then helium is coming out. And then helium is coming out. And then helium is absolutely critical for the absolutely critical for the absolutely critical for the semiconductor industry. It didn't matter semiconductor industry. It didn't matter semiconductor industry. It didn't matter 100 years ago. 100 years ago. 100 years ago. >> And semiconductors are important for >> And semiconductors are important for >> And semiconductors are important for what? what? what? >> Everything. I mean you you know your you >> Everything. I mean you you know your you >> Everything. I mean you you know your you take the semiconductors out of that, take the semiconductors out of that, take the semiconductors out of that, you've got a brick. Okay. The the the you've got a brick. Okay. The the the you've got a brick. Okay. The the the processors, the CPUs, the memory chips, processors, the CPUs, the memory chips, processors, the CPUs, the memory chips, they're all made. Helium is an essential they're all made. Helium is an essential they're all made. Helium is an essential element to make them element to make them element to make them >> for our iPhones, our tablets, >> for our iPhones, our tablets, >> for our iPhones, our tablets, >> everything. Everything electronic. If >> everything. Everything electronic. If >> everything. Everything electronic. If you need semiconductors, you need you need semiconductors, you need you need semiconductors, you need helium. So if you cut off 30% of the helium. So if you cut off 30% of the helium. So if you cut off 30% of the world's helium supply, you cut off the world's helium supply, you cut off the world's helium supply, you cut off the capacity to produce 30% of the world's capacity to produce 30% of the world's capacity to produce 30% of the world's semiconductors. semiconductors. semiconductors. >> And Iran have blocked that gap. >> And Iran have blocked that gap. >> And Iran have blocked that gap. >> And that means that we've suddenly lost >> And that means that we've suddenly lost >> And that means that we've suddenly lost 30% of the world's helium. 30% of the world's helium. 30% of the world's helium. >> I've got a quote from March 2026 from >> I've got a quote from March 2026 from >> I've got a quote from March 2026 from leading helium expert Phil Cornblutch. leading helium expert Phil Cornblutch. leading helium expert Phil Cornblutch. >> He said, "We're looking at a minimum 2 >> He said, "We're looking at a minimum 2 >> He said, "We're looking at a minimum 2 to 3 months shutdown of helium to 3 months shutdown of helium to 3 months shutdown of helium production with up to 6 months before production with up to 6 months before production with up to 6 months before supply gets back to normal." and he supply gets back to normal." and he supply gets back to normal." and he explained you can't stockpile helium explained you can't stockpile helium explained you can't stockpile helium because it leaks through containers. because it leaks through containers. because it leaks through containers. >> Y >> Y >> Y >> so once supply is cut off semiconductor >> so once supply is cut off semiconductor >> so once supply is cut off semiconductor production will stop entirely. South production will stop entirely. South production will stop entirely. South Korea gets 65% of its helium from Qatar Korea gets 65% of its helium from Qatar Korea gets 65% of its helium from Qatar in that region and makes 2/3 of the in that region and makes 2/3 of the in that region and makes 2/3 of the world's memory chips. Their government world's memory chips. Their government world's memory chips. Their government has launched an emergency investigation has launched an emergency investigation has launched an emergency investigation into the shortage. Nobody's talking into the shortage. Nobody's talking into the shortage. Nobody's talking about this. about this. about this. >> I know. And this this is one reason it's >> I know. And this this is one reason it's >> I know. And this this is one reason it's quite terrifying about the scale of what quite terrifying about the scale of what quite terrifying about the scale of what we're going through cuz people just we're going through cuz people just we're going through cuz people just thinking it's going to be oil's going to thinking it's going to be oil's going to thinking it's going to be oil's going to be more expensive. That's the sort of be more expensive. That's the sort of be more expensive. That's the sort of mindset we have. But in fact, critical mindset we have. But in fact, critical mindset we have. But in fact, critical elements of the production system are elements of the production system are elements of the production system are being terminated by this conflict. You being terminated by this conflict. You being terminated by this conflict. You can't produce chips anymore. And you can't produce chips anymore. And you can't produce chips anymore. And you can't Well, you got hang on. You can't can't Well, you got hang on. You can't can't Well, you got hang on. You can't produce these chips either because the produce these chips either because the produce these chips either because the fertilizer is disappearing. fertilizer is disappearing. fertilizer is disappearing. >> So, you're holding a potato in your >> So, you're holding a potato in your >> So, you're holding a potato in your hand. hand. hand. >> Yeah. >> Yeah. >> Yeah. >> How are potato chips going to be >> How are potato chips going to be >> How are potato chips going to be impacted by the water? impacted by the water? impacted by the water? >> Because the fertilizer. If we don't have >> Because the fertilizer. If we don't have >> Because the fertilizer. If we don't have the fertilizer, we can't grow the the fertilizer, we can't grow the the fertilizer, we can't grow the potatoes. And it's not just potatoes. potatoes. And it's not just potatoes. potatoes. And it's not just potatoes. It's a whole range of crops. We eat It's a whole range of crops. We eat It's a whole range of crops. We eat food, okay? We eat this green stuff. It food, okay? We eat this green stuff. It food, okay? We eat this green stuff. It actually starts as brown stuff because actually starts as brown stuff because actually starts as brown stuff because the fertilizer is an essential part of the fertilizer is an essential part of the fertilizer is an essential part of growing all the food we eat. And the growing all the food we eat. And the growing all the food we eat. And the fertilizer is produced by a process fertilizer is produced by a process fertilizer is produced by a process called the habber bosch process which called the habber bosch process which called the habber bosch process which takes petroleum and nitrogen and fixes takes petroleum and nitrogen and fixes takes petroleum and nitrogen and fixes them in such a way that you can put this them in such a way that you can put this them in such a way that you can put this on the on the field and your plants will on the on the field and your plants will on the on the field and your plants will grow courtesy of the fertilizer. If we grow courtesy of the fertilizer. If we grow courtesy of the fertilizer. If we didn't have fertilizer at all, guess how didn't have fertilizer at all, guess how didn't have fertilizer at all, guess how many billion people the planet could many billion people the planet could many billion people the planet could actually support? actually support? actually support? >> I don't know. >> I don't know. >> I don't know. >> Between one and two. And fertilizer >> Between one and two. And fertilizer >> Between one and two. And fertilizer comes from this region. comes from this region. comes from this region. >> Again, 20 to 30% of our fertilizer comes >> Again, 20 to 30% of our fertilizer comes >> Again, 20 to 30% of our fertilizer comes from that region. from that region. from that region. >> Through the straight of >> Through the straight of >> Through the straight of >> through the straight of Hamos. >> through the straight of Hamos. >> through the straight of Hamos. >> Where is it coming from? >> Where is it coming from? >> Where is it coming from? >> It's coming again from the the same gas >> It's coming again from the the same gas >> It's coming again from the the same gas field that's producing the helium field that's producing the helium field that's producing the helium produces a side effect of fertilizer. produces a side effect of fertilizer. produces a side effect of fertilizer. And you need you need I'm not a chemist, And you need you need I'm not a chemist, And you need you need I'm not a chemist, okay? So I can get these things wrong, okay? So I can get these things wrong, okay? So I can get these things wrong, but you need sulfur. You need sulfuric but you need sulfur. You need sulfuric but you need sulfur. You need sulfuric acid as well as part of these production acid as well as part of these production acid as well as part of these production processes. 20% of the world's processes. 20% of the world's processes. 20% of the world's fertilizer, helium, sulfuric acid, all fertilizer, helium, sulfuric acid, all fertilizer, helium, sulfuric acid, all pass through that straight. And if you pass through that straight. And if you pass through that straight. And if you take them away, then you can't make take them away, then you can't make take them away, then you can't make microchips, which is what Korea is microchips, which is what Korea is microchips, which is what Korea is suffering from. You can't make suffering from. You can't make suffering from. You can't make fertilizer, which which everybody will fertilizer, which which everybody will fertilizer, which which everybody will suffer from. If we lost 20% of the suffer from. If we lost 20% of the suffer from. If we lost 20% of the world's fertilizer, we'd lose roughly world's fertilizer, we'd lose roughly world's fertilizer, we'd lose roughly 20% of the world's food. And it cause a 20% of the world's food. And it cause a 20% of the world's food. And it cause a global famine. We've never had this global famine. We've never had this global famine. We've never had this experience before. We've had localized experience before. We've had localized experience before. We've had localized famines. You know, countries like India famines. You know, countries like India famines. You know, countries like India have had famines in parts of Africa and have had famines in parts of Africa and have had famines in parts of Africa and so on. But if this is not available, the so on. But if this is not available, the so on. But if this is not available, the globe has a famine. globe has a famine. globe has a famine. >> And what's the last uh tanker you've got >> And what's the last uh tanker you've got >> And what's the last uh tanker you've got down there? There's one more on the down there? There's one more on the down there? There's one more on the floor. floor. floor. >> Oh my god. Okay. >> Oh my god. Okay. >> Oh my god. Okay. Hey, that's pretty good. It was Hey, that's pretty good. It was Hey, that's pretty good. It was accidental, but that's that's petroleum. accidental, but that's that's petroleum. accidental, but that's that's petroleum. Okay. A petroleum tank. Obviously empty. Okay. A petroleum tank. Obviously empty. Okay. A petroleum tank. Obviously empty. 20 L. 20 L. 20 L. >> So that's oil. >> So that's oil. >> So that's oil. >> That's oil. >> That's oil. >> That's oil. >> Oil. Okay. And so if that that's what >> Oil. Okay. And so if that that's what >> Oil. Okay. And so if that that's what we're losing right now and people are we're losing right now and people are we're losing right now and people are focusing upon the price of this but the focusing upon the price of this but the focusing upon the price of this but the really important point and I can bring really important point and I can bring really important point and I can bring up one of my own charts here is the role up one of my own charts here is the role up one of my own charts here is the role of energy in production because if we of energy in production because if we of energy in production because if we don't have energy we can't produce goods don't have energy we can't produce goods don't have energy we can't produce goods and services and the link is incredibly and services and the link is incredibly and services and the link is incredibly tight. This is looking at change in tight. This is looking at change in tight. This is looking at change in energy and change in gross world product energy and change in gross world product energy and change in gross world product over the last 40 years. I'll throw this over the last 40 years. I'll throw this over the last 40 years. I'll throw this graph on the screen for people that are graph on the screen for people that are graph on the screen for people that are watching. watching. watching. >> Okay. So, what what you've got here is >> Okay. So, what what you've got here is >> Okay. So, what what you've got here is the annual percentage change in gross the annual percentage change in gross the annual percentage change in gross world product and the annual percentage world product and the annual percentage world product and the annual percentage change in gross energy consumption. And change in gross energy consumption. And change in gross energy consumption. And they're virtually lock step and they're they're virtually lock step and they're they're virtually lock step and they're the same magnitude. the same magnitude. the same magnitude. >> So, when energy goes up, GDP goes up. >> So, when energy goes up, GDP goes up. >> So, when energy goes up, GDP goes up. >> And when energy goes down, GDP goes >> And when energy goes down, GDP goes >> And when energy goes down, GDP goes down. Now, we're losing 20% of the down. Now, we're losing 20% of the down. Now, we're losing 20% of the world's liquefied natural gas, a world's liquefied natural gas, a world's liquefied natural gas, a substantial proportion of its oil as substantial proportion of its oil as substantial proportion of its oil as well. We could see a 5 or 10% fall in well. We could see a 5 or 10% fall in well. We could see a 5 or 10% fall in energy. we will certainly see a 5 or 10% energy. we will certainly see a 5 or 10% energy. we will certainly see a 5 or 10% fall in global world gross world fall in global world gross world fall in global world gross world product. product. product. >> So explain that to me. So where is the >> So explain that to me. So where is the >> So explain that to me. So where is the oil in this region? oil in this region? oil in this region? >> It's everywhere. >> It's everywhere. >> It's everywhere. >> Okay. >> Okay. >> Okay. >> I mean this this is one of the accidents >> I mean this this is one of the accidents >> I mean this this is one of the accidents of history that the oil is a large part of history that the oil is a large part of history that the oil is a large part is concentrated here and a large part is concentrated here and a large part is concentrated here and a large part over here and a bit in Russia. over here and a bit in Russia. over here and a bit in Russia. >> So over here for people that can't see >> So over here for people that can't see >> So over here for people that can't see you're pointing at Iran, Saudi Arabia, you're pointing at Iran, Saudi Arabia, you're pointing at Iran, Saudi Arabia, >> Saudi Arabia, >> Saudi Arabia, >> Saudi Arabia, >> Iraq and then there's a lot in the >> Iraq and then there's a lot in the >> Iraq and then there's a lot in the United States and there's a lot United States and there's a lot United States and there's a lot >> you've got some in Russia as well. There >> you've got some in Russia as well. There >> you've got some in Russia as well. There was a small amount like the North Sea was a small amount like the North Sea was a small amount like the North Sea had a substantial amount of oil as well had a substantial amount of oil as well had a substantial amount of oil as well at one stage. at one stage. at one stage. >> And the type of oil in this region I >> And the type of oil in this region I >> And the type of oil in this region I hear is quite important. hear is quite important. hear is quite important. >> It's very I mean oil there's no such >> It's very I mean oil there's no such >> It's very I mean oil there's no such thing as a homogeneous product. thing as a homogeneous product. thing as a homogeneous product. >> What does homogeneous mean? >> What does homogeneous mean? >> What does homogeneous mean? >> Me everything is the same everywhere. >> Me everything is the same everywhere. >> Me everything is the same everywhere. You can if you don't get it here you can You can if you don't get it here you can You can if you don't get it here you can substitute for something over here. substitute for something over here. substitute for something over here. That's a myth that economists actually That's a myth that economists actually That's a myth that economists actually unfortunately believe. They basically unfortunately believe. They basically unfortunately believe. They basically could persuade people to think that could persuade people to think that could persuade people to think that everything is homogeneous. In fact oil everything is homogeneous. In fact oil everything is homogeneous. In fact oil from Venezuela is almost like tar. oil from Venezuela is almost like tar. oil from Venezuela is almost like tar. oil from here is flows like water from here is flows like water from here is flows like water comparatively. You need different comparatively. You need different comparatively. You need different processing systems to to extract that processing systems to to extract that processing systems to to extract that oil than you need over here. Uh if we oil than you need over here. Uh if we oil than you need over here. Uh if we lose this, we can't replace it with lose this, we can't replace it with lose this, we can't replace it with something from over here. So once that something from over here. So once that something from over here. So once that goes then the production system of the goes then the production system of the goes then the production system of the planet is damaged. Uh this has been the planet is damaged. Uh this has been the planet is damaged. Uh this has been the shocking thing for me as a citizen has shocking thing for me as a citizen has shocking thing for me as a citizen has been the fact that a war with one been the fact that a war with one been the fact that a war with one country could decapitate what 20 to 30% country could decapitate what 20 to 30% country could decapitate what 20 to 30% >> of global production >> of global production >> of global production >> global production of oil. >> global production of oil. >> global production of oil. >> Yeah. And food. >> Yeah. And food. >> Yeah. And food. >> That's a vulnerability if I've ever >> That's a vulnerability if I've ever >> That's a vulnerability if I've ever heard one. heard one. heard one. >> I know. And this is like one reason I'm >> I know. And this is like one reason I'm >> I know. And this is like one reason I'm a critic of mainstream economics is they a critic of mainstream economics is they a critic of mainstream economics is they trivialize all this stuff. They don't trivialize all this stuff. They don't trivialize all this stuff. They don't teach their students how critical this teach their students how critical this teach their students how critical this is. So most people are like you, even is. So most people are like you, even is. So most people are like you, even people who've done a PhD in economics, people who've done a PhD in economics, people who've done a PhD in economics, even worse in that sense than other even worse in that sense than other even worse in that sense than other people, they don't understand how people, they don't understand how people, they don't understand how critical and how fragile our production critical and how fragile our production critical and how fragile our production systems are. So people can talk about a systems are. So people can talk about a systems are. So people can talk about a war in Iraq and think, "Oh, that's a war war in Iraq and think, "Oh, that's a war war in Iraq and think, "Oh, that's a war in Iran and that's going to cut off our in Iran and that's going to cut off our in Iran and that's going to cut off our oil supply." No, it's going to cut off oil supply." No, it's going to cut off oil supply." No, it's going to cut off your food supply. your food supply. your food supply. >> And for the average person listening >> And for the average person listening >> And for the average person listening now, what will they start to experience now, what will they start to experience now, what will they start to experience if this war doesn't immediately end? 2 if this war doesn't immediately end? 2 if this war doesn't immediately end? 2 or 3 months India is going to run out of or 3 months India is going to run out of or 3 months India is going to run out of fertilizer and so there'll be a famine fertilizer and so there'll be a famine fertilizer and so there'll be a famine in India. Food production on the planet in India. Food production on the planet in India. Food production on the planet could fall 10 25%. And therefore the could fall 10 25%. And therefore the could fall 10 25%. And therefore the there simply won't be enough food for there simply won't be enough food for there simply won't be enough food for everyone on the planet and then it's a everyone on the planet and then it's a everyone on the planet and then it's a question of who's going to starve. Now question of who's going to starve. Now question of who's going to starve. Now you'd think the wealthy countries are you'd think the wealthy countries are you'd think the wealthy countries are going to be safe there. Look for going to be safe there. Look for going to be safe there. Look for Australia, my old home country has about Australia, my old home country has about Australia, my old home country has about 30 days oil supply. When it runs out it 30 days oil supply. When it runs out it 30 days oil supply. When it runs out it can't get food from the farm to the city can't get food from the farm to the city can't get food from the farm to the city anymore. So Australia is incredibly anymore. So Australia is incredibly anymore. So Australia is incredibly vulnerable. We're all far more vulnerable. We're all far more vulnerable. We're all far more vulnerable than we realize and this war vulnerable than we realize and this war vulnerable than we realize and this war is threatening everybody on the planet. is threatening everybody on the planet. is threatening everybody on the planet. >> I got in an Uber yesterday and I was >> I got in an Uber yesterday and I was >> I got in an Uber yesterday and I was with a a wonderful guy who was actually with a a wonderful guy who was actually with a a wonderful guy who was actually weirdly I sat to the Uber at 2 a.m. and weirdly I sat to the Uber at 2 a.m. and weirdly I sat to the Uber at 2 a.m. and I looked up on the screen and he was I looked up on the screen and he was I looked up on the screen and he was listening to the D of Sierra and then he listening to the D of Sierra and then he listening to the D of Sierra and then he clocked he clocked me in the back of the clocked he clocked me in the back of the clocked he clocked me in the back of the car. We had a great chat and he was car. We had a great chat and he was car. We had a great chat and he was saying to me, listen this isn't actually saying to me, listen this isn't actually saying to me, listen this isn't actually my main job. It's my third job. I do my main job. It's my third job. I do my main job. It's my third job. I do this because of the cost of living and this because of the cost of living and this because of the cost of living and it really stayed with me. it really stayed with me. it really stayed with me. >> He's doing three jobs which I love. >> He's doing three jobs which I love. >> He's doing three jobs which I love. Yeah. three jobs and he picked me up at Yeah. three jobs and he picked me up at Yeah. three jobs and he picked me up at 2:00 a.m. He's got a family 2:00 a.m. He's got a family 2:00 a.m. He's got a family >> and he's working his butt off to keep >> and he's working his butt off to keep >> and he's working his butt off to keep the family alive. the family alive. the family alive. >> Yes. And you know, I'm going to say >> Yes. And you know, I'm going to say >> Yes. And you know, I'm going to say something which I probably um I don't something which I probably um I don't something which I probably um I don't say a lot which which came to mind which say a lot which which came to mind which say a lot which which came to mind which is um in the position I'm in now. I is um in the position I'm in now. I is um in the position I'm in now. I think it it it was a real reminder of my think it it it was a real reminder of my think it it it was a real reminder of my own personal privilege that I think is own personal privilege that I think is own personal privilege that I think is really important for someone like me really important for someone like me really important for someone like me that doesn't has an interview show that doesn't has an interview show that doesn't has an interview show because you've got to be like because you've got to be like because you've got to be like intellectually honest with yourself or intellectually honest with yourself or intellectually honest with yourself or just like honest with yourself generally just like honest with yourself generally just like honest with yourself generally that like as a as someone in my position that like as a as someone in my position that like as a as someone in my position who has been fortunate enough to be able who has been fortunate enough to be able who has been fortunate enough to be able to make significant money. I can to make significant money. I can to make significant money. I can understand from having that conversation understand from having that conversation understand from having that conversation how detached detached >> you are >> you are >> you are >> I am >> I am >> I am >> from the world around you. >> from the world around you. >> from the world around you. >> Yes. >> Yes. >> Yes. You're you're a very unique soul because You're you're a very unique soul because You're you're a very unique soul because you I know like read a bit of your you I know like read a bit of your you I know like read a bit of your history of course and you've had that history of course and you've had that history of course and you've had that terrible period where you were you know terrible period where you were you know terrible period where you were you know unemployed and what the hell do I do unemployed and what the hell do I do unemployed and what the hell do I do >> shoplifting food and stuff and >> shoplifting food and stuff and >> shoplifting food and stuff and >> you were ambitious but you okay if you >> you were ambitious but you okay if you >> you were ambitious but you okay if you don't experience poverty you don't know don't experience poverty you don't know don't experience poverty you don't know what it's like what it's like what it's like >> yeah but even if you have >> yeah but even if you have >> yeah but even if you have >> you can forget it >> you can forget it >> you can forget it >> you can forget it >> you can forget it >> you can forget it >> but you haven't yet >> but you haven't yet >> but you haven't yet >> well this is why it's so important for >> well this is why it's so important for >> well this is why it's so important for me to have those conversations because me to have those conversations because me to have those conversations because him saying I'm working three jobs and him saying I'm working three jobs and him saying I'm working three jobs and this is and picking me up at 2 a.m. in this is and picking me up at 2 a.m. in this is and picking me up at 2 a.m. in his Uber and him telling me he's doing his Uber and him telling me he's doing his Uber and him telling me he's doing that because of cost of living because that because of cost of living because that because of cost of living because he needs to pay the bills immediately he needs to pay the bills immediately he needs to pay the bills immediately made me think of ahead of this made me think of ahead of this made me think of ahead of this conversation today like oh my god if the conversation today like oh my god if the conversation today like oh my god if the prices go up 20% for people prices go up 20% for people prices go up 20% for people >> he's out he's he can't work 24 hours a >> he's out he's he can't work 24 hours a >> he's out he's he can't work 24 hours a day day day >> can't work another he can't work more >> can't work another he can't work more >> can't work another he can't work more hours in the day and it was just one of hours in the day and it was just one of hours in the day and it was just one of those moments where you go hell those moments where you go hell those moments where you go hell Steve like man you need to stay close to Steve like man you need to stay close to Steve like man you need to stay close to the plight of uh of people that are the plight of uh of people that are the plight of uh of people that are >> on the bread line and so many people are >> on the bread line and so many people are >> on the bread line and so many people are these days in advanced countries not these days in advanced countries not these days in advanced countries not just third world countries but certainly just third world countries but certainly just third world countries but certainly like in America and the UK there are like in America and the UK there are like in America and the UK there are huge numbers of people who are basically huge numbers of people who are basically huge numbers of people who are basically living from hand to mouth at the current living from hand to mouth at the current living from hand to mouth at the current system. So if we have a breakdown they system. So if we have a breakdown they system. So if we have a breakdown they can't afford it and in that situation can't afford it and in that situation can't afford it and in that situation you can no longer use money as your way you can no longer use money as your way you can no longer use money as your way of deciding whether you can eat food or of deciding whether you can eat food or of deciding whether you can eat food or not. not. not. >> I wonder if politicians know this cuz >> I wonder if politicians know this cuz >> I wonder if politicians know this cuz part of the reason I say this is because part of the reason I say this is because part of the reason I say this is because you know Trump is a very wealthy man you know Trump is a very wealthy man you know Trump is a very wealthy man multi-billionaire reportedly multi-billionaire reportedly multi-billionaire reportedly >> and if the prices go up 20% at the pump >> and if the prices go up 20% at the pump >> and if the prices go up 20% at the pump >> he makes profit. I mean he actually when >> he makes profit. I mean he actually when >> he makes profit. I mean he actually when he said he said he said in favor of the he said he said he said in favor of the he said he said he said in favor of the rising oil price we'll make a lot of rising oil price we'll make a lot of rising oil price we'll make a lot of money out of it. His immediate money out of it. His immediate money out of it. His immediate association rising price of something association rising price of something association rising price of something that I'm indirectly selling that's good. that I'm indirectly selling that's good. that I'm indirectly selling that's good. He doesn't say what about people buying He doesn't say what about people buying He doesn't say what about people buying it. The people who buy it can no longer it. The people who buy it can no longer it. The people who buy it can no longer afford it. afford it. afford it. >> You've got um some food there on the >> You've got um some food there on the >> You've got um some food there on the table which shows how these conflicts table which shows how these conflicts table which shows how these conflicts and the pressure they put on some of and the pressure they put on some of and the pressure they put on some of these scarce resources can impact our these scarce resources can impact our these scarce resources can impact our ability to go and buy food. I think ability to go and buy food. I think ability to go and buy food. I think you've got two bowls of potatoes. you've got two bowls of potatoes. you've got two bowls of potatoes. >> Well, let's actually make it fairer >> Well, let's actually make it fairer >> Well, let's actually make it fairer right now. Let's get the actual right now. Let's get the actual right now. Let's get the actual distribution correct initially. So, you distribution correct initially. So, you distribution correct initially. So, you are talking about someone who in your are talking about someone who in your are talking about someone who in your situation, you've got that situation, you've got that situation, you've got that local Uber's got this, and now you're local Uber's got this, and now you're local Uber's got this, and now you're taking away the oil price. That's going taking away the oil price. That's going taking away the oil price. That's going to make Trump better off, but he's down to make Trump better off, but he's down to make Trump better off, but he's down to the stage where, you know, he's not to the stage where, you know, he's not to the stage where, you know, he's not too far from that happening. And that's too far from that happening. And that's too far from that happening. And that's what we've pushed ourselves into with what we've pushed ourselves into with what we've pushed ourselves into with this war. this war. this war. Do do wars typically make inequality Do do wars typically make inequality Do do wars typically make inequality worse? worse? worse? >> Very good question. I think wars are >> Very good question. I think wars are >> Very good question. I think wars are created when inequality is bad. If you created when inequality is bad. If you created when inequality is bad. If you go back to the Great Depression and see go back to the Great Depression and see go back to the Great Depression and see what caused World War II, it was largely what caused World War II, it was largely what caused World War II, it was largely the collapse of the German economy. Uh the collapse of the German economy. Uh the collapse of the German economy. Uh when they repaid their debt, their when they repaid their debt, their when they repaid their debt, their private debt to America or government private debt to America or government private debt to America or government private government debt to America that private government debt to America that private government debt to America that led to the rise of Hitler. Everybody led to the rise of Hitler. Everybody led to the rise of Hitler. Everybody thinks Hitler rose because of the VHimar thinks Hitler rose because of the VHimar thinks Hitler rose because of the VHimar inflation. That's what people normally inflation. That's what people normally inflation. That's what people normally think. In fact, the when when Hitler think. In fact, the when when Hitler think. In fact, the when when Hitler came to power in Germany, the rate of came to power in Germany, the rate of came to power in Germany, the rate of inflation was minus 10%. It was inflation was minus 10%. It was inflation was minus 10%. It was deflation. Prices were falling. deflation. Prices were falling. deflation. Prices were falling. Unemployment rose from very low to 25% Unemployment rose from very low to 25% Unemployment rose from very low to 25% of the population. In that situation, of the population. In that situation, of the population. In that situation, people supported Hitler. He revived the people supported Hitler. He revived the people supported Hitler. He revived the economy. I'm happy to talk about how he economy. I'm happy to talk about how he economy. I'm happy to talk about how he did that later. But inequality leads to did that later. But inequality leads to did that later. But inequality leads to people being willing to elect demagogues people being willing to elect demagogues people being willing to elect demagogues to say we can save you. And then you get to say we can save you. And then you get to say we can save you. And then you get war coming out of it. What happened war coming out of it. What happened war coming out of it. What happened after the World War II is after the World War II is after the World War II is politicians realized that people had politicians realized that people had politicians realized that people had been through the Great Depression, which been through the Great Depression, which been through the Great Depression, which was horrific, and they'd been through was horrific, and they'd been through was horrific, and they'd been through World War II, which was horrific. And in World War II, which was horrific. And in World War II, which was horrific. And in that period, people in America were that period, people in America were that period, people in America were talking about either a fascist world or talking about either a fascist world or talking about either a fascist world or a communist world. So the Americans a communist world. So the Americans a communist world. So the Americans realized they had to improve the living realized they had to improve the living realized they had to improve the living standards of the average American standards of the average American standards of the average American substantially to get away from that. And substantially to get away from that. And substantially to get away from that. And if you look at, you know, in 1950s if you look at, you know, in 1950s if you look at, you know, in 1950s and60s, that's what is called the golden and60s, that's what is called the golden and60s, that's what is called the golden age of capitalism because at that stage, age of capitalism because at that stage, age of capitalism because at that stage, you could be a single male supporting a you could be a single male supporting a you could be a single male supporting a wife and four kids and have a wife and four kids and have a wife and four kids and have a comfortable lifestyle at the time. comfortable lifestyle at the time. comfortable lifestyle at the time. That was where we started from. So the That was where we started from. So the That was where we started from. So the the war itself led to a focus upon the war itself led to a focus upon the war itself led to a focus upon equality, a focus upon fairness and equality, a focus upon fairness and equality, a focus upon fairness and getting as much as you can to the getting as much as you can to the getting as much as you can to the poorest in society. And then we've poorest in society. And then we've poorest in society. And then we've forgotten that over the last 80 years. forgotten that over the last 80 years. forgotten that over the last 80 years. And we've now got back to massive And we've now got back to massive And we've now got back to massive inequality once more. So I think inequality once more. So I think inequality once more. So I think inequality causes wars. Wars in the inequality causes wars. Wars in the inequality causes wars. Wars in the aftermath make people focus on equality aftermath make people focus on equality aftermath make people focus on equality not to allow that horror to happen once not to allow that horror to happen once not to allow that horror to happen once more. And then we forget and do the more. And then we forget and do the more. And then we forget and do the whole damn thing again. whole damn thing again. whole damn thing again. >> One of the um surprising things I >> One of the um surprising things I >> One of the um surprising things I learned the other day was that the learned the other day was that the learned the other day was that the country that is estimated to have the country that is estimated to have the country that is estimated to have the biggest reserve of oil biggest reserve of oil biggest reserve of oil is Venezuela. is Venezuela. is Venezuela. >> Yep. The third country on this list that >> Yep. The third country on this list that >> Yep. The third country on this list that is estimated to have the biggest reserve is estimated to have the biggest reserve is estimated to have the biggest reserve of oil is Iran. of oil is Iran. of oil is Iran. >> Yeah. Yeah. >> Yeah. Yeah. >> Yeah. Yeah. >> Now, it doesn't take a genius. Funny >> Now, it doesn't take a genius. Funny >> Now, it doesn't take a genius. Funny enough, enough, enough, >> of two countries have added. Yeah. The >> of two countries have added. Yeah. The >> of two countries have added. Yeah. The second country being America. second country being America. second country being America. >> Well, it says Saudi Arabia. >> Well, it says Saudi Arabia. >> Well, it says Saudi Arabia. >> Saudi Arabia. Well, that's already an >> Saudi Arabia. Well, that's already an >> Saudi Arabia. Well, that's already an American vessel. Yeah. American vessel. Yeah. American vessel. Yeah. >> Yeah. That's already basically they're >> Yeah. That's already basically they're >> Yeah. That's already basically they're basically partners with America already. basically partners with America already. basically partners with America already. >> And funnily enough, the fourth one is >> And funnily enough, the fourth one is >> And funnily enough, the fourth one is Canada. And if you if you're listening a Canada. And if you if you're listening a Canada. And if you if you're listening a lot to Trump's rhetoric, he said he was lot to Trump's rhetoric, he said he was lot to Trump's rhetoric, he said he was going to take Canada and make it the going to take Canada and make it the going to take Canada and make it the 51st state or something. 51st state or something. 51st state or something. it doesn't feel it doesn't feel it doesn't feel that the countries that the US are that the countries that the US are that the countries that the US are invading their leaders are the country invading their leaders are the country invading their leaders are the country that have the biggest supplies. And that have the biggest supplies. And that have the biggest supplies. And Trump has already said, you know, Trump has already said, you know, Trump has already said, you know, immediately he said after taking out immediately he said after taking out immediately he said after taking out Maduro in Venezuela, Maduro in Venezuela, Maduro in Venezuela, >> pulling him out of his bed with his wife >> pulling him out of his bed with his wife >> pulling him out of his bed with his wife and flying him back to the US, and flying him back to the US, and flying him back to the US, >> he already said that the oil's on the >> he already said that the oil's on the >> he already said that the oil's on the way back to America. way back to America. way back to America. >> Yeah. One might assume that much of the >> Yeah. One might assume that much of the >> Yeah. One might assume that much of the motivation here with Iran is when they motivation here with Iran is when they motivation here with Iran is when they were in negotiations with them, maybe were in negotiations with them, maybe were in negotiations with them, maybe they weren't playing boy ball with the they weren't playing boy ball with the they weren't playing boy ball with the oil. Maybe they were threatening oil. Maybe they were threatening oil. Maybe they were threatening something with the oil and maybe it's something with the oil and maybe it's something with the oil and maybe it's such an economic waste. such an economic waste. such an economic waste. >> Well, maybe most of Trump's friends, if >> Well, maybe most of Trump's friends, if >> Well, maybe most of Trump's friends, if he has them, are oil executives and they he has them, are oil executives and they he has them, are oil executives and they can see the benefit for them in can see the benefit for them in can see the benefit for them in controlling global oil and the one part controlling global oil and the one part controlling global oil and the one part they can't control is Iran. they can't control is Iran. they can't control is Iran. >> But I mean, it would it's backfired >> But I mean, it would it's backfired >> But I mean, it would it's backfired pretty horrifically. I think one of the pretty horrifically. I think one of the pretty horrifically. I think one of the great sayings in humanity is it's looked great sayings in humanity is it's looked great sayings in humanity is it's looked like a good idea at the time, then you like a good idea at the time, then you like a good idea at the time, then you do it and you realize you underestimated do it and you realize you underestimated do it and you realize you underestimated your opponent. You have you don't your opponent. You have you don't your opponent. You have you don't realize how difficult it is. Like you realize how difficult it is. Like you realize how difficult it is. Like you mentioned, you know, talking about how mentioned, you know, talking about how mentioned, you know, talking about how being wealthy can make you dissociate being wealthy can make you dissociate being wealthy can make you dissociate from the problems that ordinary people from the problems that ordinary people from the problems that ordinary people have. It can also make you dissociate have. It can also make you dissociate have. It can also make you dissociate from reality in general. You don't from reality in general. You don't from reality in general. You don't realize how difficult it is to something realize how difficult it is to something realize how difficult it is to something do something you want to have done. So do something you want to have done. So do something you want to have done. So all these oil executives and people who all these oil executives and people who all these oil executives and people who Trump socializes with could have Trump socializes with could have Trump socializes with could have thought, take out Iran, America thought, take out Iran, America thought, take out Iran, America dominates the global oil thing. We're dominates the global oil thing. We're dominates the global oil thing. We're all going to be rich. Okay? But they all going to be rich. Okay? But they all going to be rich. Okay? But they don't realize that Iran's been aware of don't realize that Iran's been aware of don't realize that Iran's been aware of this possibility for 40 years. And this possibility for 40 years. And this possibility for 40 years. And they're prepared. They're far better they're prepared. They're far better they're prepared. They're far better prepared than the Americans and the prepared than the Americans and the prepared than the Americans and the Israelis thought. Israelis thought. Israelis thought. >> So you've got five scenarios laid out on >> So you've got five scenarios laid out on >> So you've got five scenarios laid out on these cards in front of you here that these cards in front of you here that these cards in front of you here that you think could happen next. I'm going you think could happen next. I'm going you think could happen next. I'm going to ask you to explain to me what the to ask you to explain to me what the to ask you to explain to me what the five scenarios are and then tell me five scenarios are and then tell me five scenarios are and then tell me which one you think is most likely to which one you think is most likely to which one you think is most likely to occur. occur. occur. >> So, scenario one, which is the one that >> So, scenario one, which is the one that >> So, scenario one, which is the one that I think Trump is I think Israel wants I think Trump is I think Israel wants I think Trump is I think Israel wants this one, Iran has destroyed. Okay, if this one, Iran has destroyed. Okay, if this one, Iran has destroyed. Okay, if that happens, we're all gone because to that happens, we're all gone because to that happens, we're all gone because to destroy Iran, you're going to have to destroy Iran, you're going to have to destroy Iran, you're going to have to use nuclear weapons. Okay, you can't use nuclear weapons. Okay, you can't use nuclear weapons. Okay, you can't destroy it without obliterating it as destroy it without obliterating it as destroy it without obliterating it as nuclear weapons do. And that's the nuclear weapons do. And that's the nuclear weapons do. And that's the scariest. I don't think it's going to scariest. I don't think it's going to scariest. I don't think it's going to happen. My main hope here is that Iran happen. My main hope here is that Iran happen. My main hope here is that Iran realizes that possibility and they've realizes that possibility and they've realizes that possibility and they've got a way to neutralize got a way to neutralize got a way to neutralize not America's nuclear weapons, but not America's nuclear weapons, but not America's nuclear weapons, but Israel's. Israel's. Israel's. >> You think it's a possibility? >> You think it's a possibility? >> You think it's a possibility? >> It's a possibility and it's what scares >> It's a possibility and it's what scares >> It's a possibility and it's what scares the out of me because if this the out of me because if this the out of me because if this happens, then we're all dead. Obviously, happens, then we're all dead. Obviously, happens, then we're all dead. Obviously, a nuclear bomb doesn't just blow up an a nuclear bomb doesn't just blow up an a nuclear bomb doesn't just blow up an individual target. It everything within individual target. It everything within individual target. It everything within reach gets exploded into the atmosphere. reach gets exploded into the atmosphere. reach gets exploded into the atmosphere. That's what led people to realize that That's what led people to realize that That's what led people to realize that you couldn't have a nuclear war back in you couldn't have a nuclear war back in you couldn't have a nuclear war back in the days when we had mutually assured the days when we had mutually assured the days when we had mutually assured destruction as the as the policy. If you destruction as the as the policy. If you destruction as the as the policy. If you attack a country, then you will also attack a country, then you will also attack a country, then you will also die. die. die. >> But can't they use narrow nuclear >> But can't they use narrow nuclear >> But can't they use narrow nuclear weapons? Is that not a thing? weapons? Is that not a thing? weapons? Is that not a thing? >> Well, um >> Well, um >> Well, um >> smaller nuclear weapons. >> smaller nuclear weapons. >> smaller nuclear weapons. >> Well, again, if the country is smaller, >> Well, again, if the country is smaller, >> Well, again, if the country is smaller, you're talking about destroying Europe. you're talking about destroying Europe. you're talking about destroying Europe. The weapons you'd need to make sure you The weapons you'd need to make sure you The weapons you'd need to make sure you got every last potential element of Iran got every last potential element of Iran got every last potential element of Iran neutralized. You're talking about neutralized. You're talking about neutralized. You're talking about bombing something which is, you know, bombing something which is, you know, bombing something which is, you know, virtually the size of Western Europe. virtually the size of Western Europe. virtually the size of Western Europe. The amount of weapons you got to drop to The amount of weapons you got to drop to The amount of weapons you got to drop to do that do that do that and you've got to if you if you don't and you've got to if you if you don't and you've got to if you if you don't get it right, get it right, get it right, then they're going to come at you with then they're going to come at you with then they're going to come at you with what they've got left. what they've got left. what they've got left. >> The world has dropped nuclear weapons >> The world has dropped nuclear weapons >> The world has dropped nuclear weapons before and people survive. Other before and people survive. Other before and people survive. Other neighboring countries survived neighboring countries survived neighboring countries survived >> only twice and only small weapons. The >> only twice and only small weapons. The >> only twice and only small weapons. The weapons we're talking about in Hiroshima weapons we're talking about in Hiroshima weapons we're talking about in Hiroshima and Nagasaki, they're about equivalent and Nagasaki, they're about equivalent and Nagasaki, they're about equivalent to 20,000 tons of TNT. We're now talking to 20,000 tons of TNT. We're now talking to 20,000 tons of TNT. We're now talking weapons to 20 million tons of TNT, the weapons to 20 million tons of TNT, the weapons to 20 million tons of TNT, the biggest nuclear weapons. And if you biggest nuclear weapons. And if you biggest nuclear weapons. And if you wanted to hit a country the size of Iran wanted to hit a country the size of Iran wanted to hit a country the size of Iran and know you've neutralized it, so you and know you've neutralized it, so you and know you've neutralized it, so you destroy the whole thing, you're talking destroy the whole thing, you're talking destroy the whole thing, you're talking hundreds of those weapons. hundreds of those weapons. hundreds of those weapons. >> If you had to give a percentage >> If you had to give a percentage >> If you had to give a percentage probability of that outcome occurring, probability of that outcome occurring, probability of that outcome occurring, would it be less than 1%? would it be less than 1%? would it be less than 1%? If we didn't have a madman in If we didn't have a madman in If we didn't have a madman in Washington, yes, be less than 1%. Um, if Washington, yes, be less than 1%. Um, if Washington, yes, be less than 1%. Um, if we didn't have madman in Israel, less we didn't have madman in Israel, less we didn't have madman in Israel, less than 1%, I think probably 5%. than 1%, I think probably 5%. than 1%, I think probably 5%. >> 5% probability that >> 5% probability that >> 5% probability that >> that's a possibility. I mean, again, you >> that's a possibility. I mean, again, you >> that's a possibility. I mean, again, you know, this is trying to make sense of know, this is trying to make sense of know, this is trying to make sense of the senseless. the senseless. the senseless. >> Okay. >> Okay. >> Okay. >> But I'd put it about less than 10% but >> But I'd put it about less than 10% but >> But I'd put it about less than 10% but still scary as a possibility. still scary as a possibility. still scary as a possibility. >> If we end up there, we're all gone. >> If we end up there, we're all gone. >> If we end up there, we're all gone. I mean, you know, I know very little I mean, you know, I know very little I mean, you know, I know very little about all these things, so that's the about all these things, so that's the about all these things, so that's the disclaimer. Um, I'd say that I don't disclaimer. Um, I'd say that I don't disclaimer. Um, I'd say that I don't think Israel would intentionally wipe think Israel would intentionally wipe think Israel would intentionally wipe out the rest of the world or cause a out the rest of the world or cause a out the rest of the world or cause a nuclear winter because that would nuclear winter because that would nuclear winter because that would obviously impact them as well. But I I I obviously impact them as well. But I I I obviously impact them as well. But I I I am quite scared of president's setting. am quite scared of president's setting. am quite scared of president's setting. And what I mean by that is if we And what I mean by that is if we And what I mean by that is if we establish it being okay to drop nuclear establish it being okay to drop nuclear establish it being okay to drop nuclear weapons on people you don't like, the weapons on people you don't like, the weapons on people you don't like, the sort of domino effect of that for people sort of domino effect of that for people sort of domino effect of that for people in Ukraine and other parts of the world in Ukraine and other parts of the world in Ukraine and other parts of the world where there's conflict might then lead where there's conflict might then lead where there's conflict might then lead to, to, to, >> you know, mutually assured destruction. >> you know, mutually assured destruction. >> you know, mutually assured destruction. >> Yeah. It's the it's the last possibility >> Yeah. It's the it's the last possibility >> Yeah. It's the it's the last possibility you want to have happen. The fact that you want to have happen. The fact that you want to have happen. The fact that it's even possible to contemplate it is it's even possible to contemplate it is it's even possible to contemplate it is a terrifying prospect. a terrifying prospect. a terrifying prospect. >> Let us hope. >> Let us hope. >> Let us hope. >> Yeah. So scenario two >> Yeah. So scenario two >> Yeah. So scenario two is Iran destroys the Gulf power is Iran destroys the Gulf power is Iran destroys the Gulf power infrastructure. I think that's highly infrastructure. I think that's highly infrastructure. I think that's highly likely. likely. likely. >> Iran destroys Gulf power infrastructure. >> Iran destroys Gulf power infrastructure. >> Iran destroys Gulf power infrastructure. What does that mean? What does that mean? What does that mean? >> What it means is that Iran all the Gulf >> What it means is that Iran all the Gulf >> What it means is that Iran all the Gulf states have got their own power systems states have got their own power systems states have got their own power systems mainly based on burning oil for obvious mainly based on burning oil for obvious mainly based on burning oil for obvious reasons. Uh if you take out their power reasons. Uh if you take out their power reasons. Uh if you take out their power structure systems then those countries structure systems then those countries structure systems then those countries become uninhabitable. become uninhabitable. become uninhabitable. >> Is that what's happening already? Cuz I >> Is that what's happening already? Cuz I >> Is that what's happening already? Cuz I know Iran have attacked a few sort of know Iran have attacked a few sort of know Iran have attacked a few sort of power facilities in the region. There power facilities in the region. There power facilities in the region. There have been a couple of well there was one have been a couple of well there was one have been a couple of well there was one attack on a Saudi Arabian power systems attack on a Saudi Arabian power systems attack on a Saudi Arabian power systems and that took out two of the 14 units and that took out two of the 14 units and that took out two of the 14 units that are critical for creating liqufied that are critical for creating liqufied that are critical for creating liqufied natural gas and apparently it'll take 5 natural gas and apparently it'll take 5 natural gas and apparently it'll take 5 years to rebuild them and there are only years to rebuild them and there are only years to rebuild them and there are only five companies on the planet that can five companies on the planet that can five companies on the planet that can actually do that rebuilding. One quarter actually do that rebuilding. One quarter actually do that rebuilding. One quarter of the world's liquid natural gas comes of the world's liquid natural gas comes of the world's liquid natural gas comes through the straight of Hamos. One tenth through the straight of Hamos. One tenth through the straight of Hamos. One tenth of that has been destroyed. It's like 2 of that has been destroyed. It's like 2 of that has been destroyed. It's like 2 and a half% of the world's energy supply and a half% of the world's energy supply and a half% of the world's energy supply is gone for the next 5 years until those is gone for the next 5 years until those is gone for the next 5 years until those are rebuilt. If Iran destroys the Gulf are rebuilt. If Iran destroys the Gulf are rebuilt. If Iran destroys the Gulf power infrastructure, then Saudi Arabia, power infrastructure, then Saudi Arabia, power infrastructure, then Saudi Arabia, Qatar, uh Dubai, they all become Qatar, uh Dubai, they all become Qatar, uh Dubai, they all become uninhabitable. uninhabitable. uninhabitable. >> And we're seeing that happen in parts. I >> And we're seeing that happen in parts. I >> And we're seeing that happen in parts. I mean, it sounds like this these attacks mean, it sounds like this these attacks mean, it sounds like this these attacks have slowed down a little bit, but it have slowed down a little bit, but it have slowed down a little bit, but it was interesting that Iran's strategy was was interesting that Iran's strategy was was interesting that Iran's strategy was to attack their neighboring sort of to attack their neighboring sort of to attack their neighboring sort of partners and specifically targeting a partners and specifically targeting a partners and specifically targeting a lot of their energy infrastructure. Is lot of their energy infrastructure. Is lot of their energy infrastructure. Is that in part to apply pressure? that in part to apply pressure? that in part to apply pressure? >> Yeah. If I attack Dubai, the leaders of >> Yeah. If I attack Dubai, the leaders of >> Yeah. If I attack Dubai, the leaders of Dubai are going to call Trump and say, Dubai are going to call Trump and say, Dubai are going to call Trump and say, "Listen, cut this out." "Listen, cut this out." "Listen, cut this out." >> Oh, yeah. I mean, the pressure coming >> Oh, yeah. I mean, the pressure coming >> Oh, yeah. I mean, the pressure coming back from the Arabian states on America, back from the Arabian states on America, back from the Arabian states on America, I imagine, is quite immense right now, I imagine, is quite immense right now, I imagine, is quite immense right now, saying, "Don't do it." It's quite saying, "Don't do it." It's quite saying, "Don't do it." It's quite possible Israel could do it, like attack possible Israel could do it, like attack possible Israel could do it, like attack Iran and then Iran does a retribution Iran and then Iran does a retribution Iran and then Iran does a retribution attack. Trump, if you would have seen attack. Trump, if you would have seen attack. Trump, if you would have seen his tweet this morning, I think he's put his tweet this morning, I think he's put his tweet this morning, I think he's put it off to April the 6th before he says it off to April the 6th before he says it off to April the 6th before he says he starts attacking power he starts attacking power he starts attacking power infrastructure. if he attacks power infrastructure. if he attacks power infrastructure. if he attacks power infrastructure in Iran. Iran has said we infrastructure in Iran. Iran has said we infrastructure in Iran. Iran has said we will attack power infrastructure in the will attack power infrastructure in the will attack power infrastructure in the Gulf States. So we've got till you know Gulf States. So we've got till you know Gulf States. So we've got till you know what 8 days. I think he's bluffing. I what 8 days. I think he's bluffing. I what 8 days. I think he's bluffing. I hope he's bluffing. But if he does do hope he's bluffing. But if he does do hope he's bluffing. But if he does do the attack then Iran will respond by the attack then Iran will respond by the attack then Iran will respond by destroying either an equivalent destroying either an equivalent destroying either an equivalent component of the Gulf States or the component of the Gulf States or the component of the Gulf States or the whole infrastructure. whole infrastructure. whole infrastructure. >> I don't think people quite realize how >> I don't think people quite realize how >> I don't think people quite realize how costly it is for regions like Dubai when costly it is for regions like Dubai when costly it is for regions like Dubai when Iran attack them. I was looking at some Iran attack them. I was looking at some Iran attack them. I was looking at some of the data. of the data. of the data. >> Yeah. >> Yeah. >> Yeah. >> And according to current estimates and >> And according to current estimates and >> And according to current estimates and historical risk assessments by Dubai historical risk assessments by Dubai historical risk assessments by Dubai officials, officials, officials, >> they lose a million per minute, which is >> they lose a million per minute, which is >> they lose a million per minute, which is 60 million per hour or 1.4 billion a day 60 million per hour or 1.4 billion a day 60 million per hour or 1.4 billion a day when there's an unplanned emergency when there's an unplanned emergency when there's an unplanned emergency shutdown just of their airport. shutdown just of their airport. shutdown just of their airport. >> Their airports, let alone their power >> Their airports, let alone their power >> Their airports, let alone their power systems. Yeah. systems. Yeah. systems. Yeah. >> As we probably saw on the news, Iran had >> As we probably saw on the news, Iran had >> As we probably saw on the news, Iran had flown it seemed like a couple of drones flown it seemed like a couple of drones flown it seemed like a couple of drones into Dubai's airport, which meant that into Dubai's airport, which meant that into Dubai's airport, which meant that it had to shut down. Yeah, it had to shut down. Yeah, it had to shut down. Yeah, >> they're losing a billion a day because >> they're losing a billion a day because >> they're losing a billion a day because that airport is closed. I think it's the that airport is closed. I think it's the that airport is closed. I think it's the biggest airport in the world. biggest airport in the world. biggest airport in the world. >> It is economic pressure >> It is economic pressure >> It is economic pressure which will then trickle down to Trump which will then trickle down to Trump which will then trickle down to Trump and sort of force his hand. So, they've and sort of force his hand. So, they've and sort of force his hand. So, they've got a clear incentive to cause chaos. got a clear incentive to cause chaos. got a clear incentive to cause chaos. >> Yeah. >> Yeah. >> Yeah. >> And that partly what Iran is saying. >> And that partly what Iran is saying. >> And that partly what Iran is saying. It's it's like a game of bluff. You It's it's like a game of bluff. You It's it's like a game of bluff. You don't want to do this bluff. If that don't want to do this bluff. If that don't want to do this bluff. If that bluff happens then the Saudi Arabian bluff happens then the Saudi Arabian bluff happens then the Saudi Arabian peninsula becomes uninhabitable peninsula becomes uninhabitable peninsula becomes uninhabitable and therefore all the I mean that if if and therefore all the I mean that if if and therefore all the I mean that if if people have are forced out of there and people have are forced out of there and people have are forced out of there and most of the residents in those countries most of the residents in those countries most of the residents in those countries are not Saudis. They're third world are not Saudis. They're third world are not Saudis. They're third world workers from India and Pakistan and the workers from India and Pakistan and the workers from India and Pakistan and the Philippines and so on. They're being Philippines and so on. They're being Philippines and so on. They're being paid lousy wages to to work on all these paid lousy wages to to work on all these paid lousy wages to to work on all these systems. If they leave because the power systems. If they leave because the power systems. If they leave because the power is not there to support them anymore. is not there to support them anymore. is not there to support them anymore. they try to leave then we lose the they try to leave then we lose the they try to leave then we lose the entire energy contribution that that entire energy contribution that that entire energy contribution that that region makes to the global economy region makes to the global economy region makes to the global economy >> and and the figure screwed >> and and the figure screwed >> and and the figure screwed >> and that figure I cited includes not >> and that figure I cited includes not >> and that figure I cited includes not just lost airport revenue but then the just lost airport revenue but then the just lost airport revenue but then the immediate impact on airlines cargo immediate impact on airlines cargo immediate impact on airlines cargo logistics and the missed opportunity logistics and the missed opportunity logistics and the missed opportunity cost of thousands of highv value cost of thousands of highv value cost of thousands of highv value business travelers attending the region business travelers attending the region business travelers attending the region that Dubai's GDP is roughly 30% that Dubai's GDP is roughly 30% that Dubai's GDP is roughly 30% dependent on the aviation and tourism dependent on the aviation and tourism dependent on the aviation and tourism sectors so when the airport closes it sectors so when the airport closes it sectors so when the airport closes it impacts tourism hospitality real estate impacts tourism hospitality real estate impacts tourism hospitality real estate investing global supply chains and investing global supply chains and investing global supply chains and everything so it's Um, it's quite everything so it's Um, it's quite everything so it's Um, it's quite remarkable specifically with Dubai remarkable specifically with Dubai remarkable specifically with Dubai >> because Dubai I think Dubai is a lovely >> because Dubai I think Dubai is a lovely >> because Dubai I think Dubai is a lovely place. I've been multiple times. I I I I place. I've been multiple times. I I I I place. I've been multiple times. I I I I love going there. love going there. love going there. >> But it felt really safe and so a lot of >> But it felt really safe and so a lot of >> But it felt really safe and so a lot of people people people >> It's not safe. Yeah. >> It's not safe. Yeah. >> It's not safe. Yeah. >> It's not safe. >> It's not safe. >> It's not safe. >> Yeah. >> Yeah. >> Yeah. >> Yeah. A lot of people had chosen to >> Yeah. A lot of people had chosen to >> Yeah. A lot of people had chosen to uproot their lives and move there and uproot their lives and move there and uproot their lives and move there and you'd almost kind of forgotten you were you'd almost kind of forgotten you were you'd almost kind of forgotten you were in the Middle East to some degree. in the Middle East to some degree. in the Middle East to some degree. >> Yeah. Yeah. >> Yeah. Yeah. >> Yeah. Yeah. >> But I think this is going to be a pretty >> But I think this is going to be a pretty >> But I think this is going to be a pretty traumatic reminder for a lot of people traumatic reminder for a lot of people traumatic reminder for a lot of people there there there >> how fragile >> how fragile >> how fragile >> how fragile >> how fragile >> how fragile >> this area is and like that's the lesson >> this area is and like that's the lesson >> this area is and like that's the lesson we're learning. It's the fragility of we're learning. It's the fragility of we're learning. It's the fragility of the society we take for granted. the society we take for granted. the society we take for granted. >> So that was scenario number two. >> So that was scenario number two. >> So that was scenario number two. >> Okay. Scenario three. That's the one >> Okay. Scenario three. That's the one >> Okay. Scenario three. That's the one that really scares me because that is that really scares me because that is that really scares me because that is the Samson doctrine. You know the story the Samson doctrine. You know the story the Samson doctrine. You know the story of Samson. Yeah. Okay. Samson is a of Samson. Yeah. Okay. Samson is a of Samson. Yeah. Okay. Samson is a enormously strong individual who's enormously strong individual who's enormously strong individual who's strong because of his hair. And then he strong because of his hair. And then he strong because of his hair. And then he gets conned. This is an ancient story gets conned. This is an ancient story gets conned. This is an ancient story from the Bible. And the woman who's from the Bible. And the woman who's from the Bible. And the woman who's conned him shaves his hair. So he's conned him shaves his hair. So he's conned him shaves his hair. So he's weakened. And then they put him in a weakened. And then they put him in a weakened. And then they put him in a temple where he's standing between two temple where he's standing between two temple where he's standing between two pillars and his hair is gone. He's bald. pillars and his hair is gone. He's bald. pillars and his hair is gone. He's bald. He can't do a thing. They forget the He can't do a thing. They forget the He can't do a thing. They forget the fact that his hair is starting to grow. fact that his hair is starting to grow. fact that his hair is starting to grow. His hair gets to the stage where he's His hair gets to the stage where he's His hair gets to the stage where he's now got his strength back. He pushes now got his strength back. He pushes now got his strength back. He pushes those pillars and the whole thing those pillars and the whole thing those pillars and the whole thing collapses and everybody dies. That's the collapses and everybody dies. That's the collapses and everybody dies. That's the Samson doctrine. And that involves Samson doctrine. And that involves Samson doctrine. And that involves Israel's nuclear weapons. If they Israel's nuclear weapons. If they Israel's nuclear weapons. If they realize that they are going to lose this realize that they are going to lose this realize that they are going to lose this war and it becomes existential for them war and it becomes existential for them war and it becomes existential for them then one of the things they have claimed then one of the things they have claimed then one of the things they have claimed that they do is unleash destruction on that they do is unleash destruction on that they do is unleash destruction on the rest of the world like Samson the rest of the world like Samson the rest of the world like Samson pushing the towers and the whole thing pushing the towers and the whole thing pushing the towers and the whole thing comes collapsing down. comes collapsing down. comes collapsing down. >> This is I mean going back to the >> This is I mean going back to the >> This is I mean going back to the situation with Iran and Israel. One of situation with Iran and Israel. One of situation with Iran and Israel. One of the things I was thinking a lot about the things I was thinking a lot about the things I was thinking a lot about from some commentary that I'd seen is from some commentary that I'd seen is from some commentary that I'd seen is Israel really have a motive to get rid Israel really have a motive to get rid Israel really have a motive to get rid of Iran because Iran have repeatedly of Iran because Iran have repeatedly of Iran because Iran have repeatedly threatened Israel. It's also because I threatened Israel. It's also because I threatened Israel. It's also because I mean Israel is trying to get rid of the mean Israel is trying to get rid of the mean Israel is trying to get rid of the Palestinians and in that sense Iran has Palestinians and in that sense Iran has Palestinians and in that sense Iran has been probably the major bulkwood been probably the major bulkwood been probably the major bulkwood supporting the Palestinians say let the supporting the Palestinians say let the supporting the Palestinians say let the Palestinians survive. Let the Palestinians survive. Let the Palestinians survive. Let the Palestinian people continue existing. Palestinian people continue existing. Palestinian people continue existing. And the Israelis have been pushing and And the Israelis have been pushing and And the Israelis have been pushing and pushing and pushing the Palestinians pushing and pushing the Palestinians pushing and pushing the Palestinians out. You know, it's a hornets's nest. out. You know, it's a hornets's nest. out. You know, it's a hornets's nest. We've provoked a hornets's nest. Iran is We've provoked a hornets's nest. Iran is We've provoked a hornets's nest. Iran is responding right now, I think, in a very responding right now, I think, in a very responding right now, I think, in a very judicious way. But if the Israelis judicious way. But if the Israelis judicious way. But if the Israelis realize they're facing an existential realize they're facing an existential realize they're facing an existential defeat, that scenario, it would again defeat, that scenario, it would again defeat, that scenario, it would again mean uh civilization potentially gets mean uh civilization potentially gets mean uh civilization potentially gets destroyed. And just looking at some of destroyed. And just looking at some of destroyed. And just looking at some of the things that Iran have said about the things that Iran have said about the things that Iran have said about Israel, historically, the Supreme Leader Israel, historically, the Supreme Leader Israel, historically, the Supreme Leader of Iran stated in 2015 that Israel would of Iran stated in 2015 that Israel would of Iran stated in 2015 that Israel would not see the next 25 years. Other not see the next 25 years. Other not see the next 25 years. Other officials said things like, "The end is officials said things like, "The end is officials said things like, "The end is near." Um, near." Um, near." Um, >> and in March 2026, Iran's tone shifted >> and in March 2026, Iran's tone shifted >> and in March 2026, Iran's tone shifted from ideological to purely retaliatory from ideological to purely retaliatory from ideological to purely retaliatory with the speaker of the Iranian with the speaker of the Iranian with the speaker of the Iranian Parliament, Muhammad, stating that Iran Parliament, Muhammad, stating that Iran Parliament, Muhammad, stating that Iran has officially declared that it has officially declared that it has officially declared that it considers all Israel energy, water, and considers all Israel energy, water, and considers all Israel energy, water, and IT infrastructure legitimate targets for IT infrastructure legitimate targets for IT infrastructure legitimate targets for irreversible destruction with zero irreversible destruction with zero irreversible destruction with zero restraint. restraint. restraint. If we think about this from a psychology If we think about this from a psychology If we think about this from a psychology perspective, you've got two neighbors. perspective, you've got two neighbors. perspective, you've got two neighbors. They're both either implying implicitly They're both either implying implicitly They're both either implying implicitly or explicitly that they want to wipe the or explicitly that they want to wipe the or explicitly that they want to wipe the other one out. other one out. other one out. >> Yeah. >> Yeah. >> Yeah. >> Trump is sort of this third party in in >> Trump is sort of this third party in in >> Trump is sort of this third party in in the arrangement who's not in the region, the arrangement who's not in the region, the arrangement who's not in the region, so he might be a little bit safer. so he might be a little bit safer. so he might be a little bit safer. >> Those two parties that are against each >> Those two parties that are against each >> Those two parties that are against each other, one of them has nuclear weapons other, one of them has nuclear weapons other, one of them has nuclear weapons and the other appears to be trying to and the other appears to be trying to and the other appears to be trying to make one. the neighbor that is Israel make one. the neighbor that is Israel make one. the neighbor that is Israel presumably cannot let that happen presumably cannot let that happen presumably cannot let that happen because if it gets to a point where they because if it gets to a point where they because if it gets to a point where they both have nuclear weapons and they both both have nuclear weapons and they both both have nuclear weapons and they both want to wipe each other out. want to wipe each other out. want to wipe each other out. >> No, I I actually think that the old days >> No, I I actually think that the old days >> No, I I actually think that the old days of mutually assured destruction were a of mutually assured destruction were a of mutually assured destruction were a more stable time than what we're in now more stable time than what we're in now more stable time than what we're in now because if you realize that if you because if you realize that if you because if you realize that if you attack you also die, you don't attack. attack you also die, you don't attack. attack you also die, you don't attack. >> But what if you think of death as being >> But what if you think of death as being >> But what if you think of death as being a better thing than life? a better thing than life? a better thing than life? You you have to have a society You you have to have a society You you have to have a society continuing after you die. If you're continuing after you die. If you're continuing after you die. If you're going to be a martyr, there has to be going to be a martyr, there has to be going to be a martyr, there has to be people who are going to mourn your people who are going to mourn your people who are going to mourn your death. If you believe being a martyr death. If you believe being a martyr death. If you believe being a martyr means everybody else so so dies and you means everybody else so so dies and you means everybody else so so dies and you don't do it. don't do it. don't do it. >> So, do you think if Iran had nuclear >> So, do you think if Iran had nuclear >> So, do you think if Iran had nuclear weapons, it would be a safer world? weapons, it would be a safer world? weapons, it would be a safer world? >> I think it'd be safer because it would >> I think it'd be safer because it would >> I think it'd be safer because it would tell the Israelis, stop attacking your tell the Israelis, stop attacking your tell the Israelis, stop attacking your neighbors. neighbors. neighbors. >> I sat with um a few nuclear experts and >> I sat with um a few nuclear experts and >> I sat with um a few nuclear experts and one of the things that was shocking that one of the things that was shocking that one of the things that was shocking that I learned is I learned is I learned is >> if the United States wanted to launch a >> if the United States wanted to launch a >> if the United States wanted to launch a nuclear weapon today, nuclear weapon today, nuclear weapon today, >> Yeah. It is one person's decision. >> Yeah. It is one person's decision. >> Yeah. It is one person's decision. >> I heard that. And that's what Trump can >> I heard that. And that's what Trump can >> I heard that. And that's what Trump can actually just make that decision. actually just make that decision. actually just make that decision. >> He can make the decision on his own. He >> He can make the decision on his own. He >> He can make the decision on his own. He doesn't need to consult Congress or doesn't need to consult Congress or doesn't need to consult Congress or anybody else. He has someone who walks anybody else. He has someone who walks anybody else. He has someone who walks around with a briefcase that has the around with a briefcase that has the around with a briefcase that has the nuclear codes in at any moment. They nuclear codes in at any moment. They nuclear codes in at any moment. They call it Yeah. And when I think about the call it Yeah. And when I think about the call it Yeah. And when I think about the same in this region, actually, you don't same in this region, actually, you don't same in this region, actually, you don't need a whole state to decide that they need a whole state to decide that they need a whole state to decide that they don't like their neighbor. All you need don't like their neighbor. All you need don't like their neighbor. All you need is one supreme leader is one supreme leader is one supreme leader >> or Netanyahu to say, "Do you know what? >> or Netanyahu to say, "Do you know what? >> or Netanyahu to say, "Do you know what? I'm near the end of my life and these I'm near the end of my life and these I'm near the end of my life and these people have really pissed me off." Yeah, people have really pissed me off." Yeah, people have really pissed me off." Yeah, that's right. And that's I mean I that's right. And that's I mean I that's right. And that's I mean I thought there was at least some control. thought there was at least some control. thought there was at least some control. I saw I saw that segment with Annie I saw I saw that segment with Annie I saw I saw that segment with Annie Jacobson. Yeah. Jacobson. Yeah. Jacobson. Yeah. >> I thought there was at least some >> I thought there was at least some >> I thought there was at least some control. He had to consult someone. control. He had to consult someone. control. He had to consult someone. >> But if and or they had to have >> But if and or they had to have >> But if and or they had to have circumstances were justified not circumstances were justified not circumstances were justified not consulting someone. consulting someone. consulting someone. >> If he's got that right, then we it comes >> If he's got that right, then we it comes >> If he's got that right, then we it comes down to what's the behavior of the down to what's the behavior of the down to what's the behavior of the person who carries the nuclear football. person who carries the nuclear football. person who carries the nuclear football. Does he let Trump get hold of it? And Does he let Trump get hold of it? And Does he let Trump get hold of it? And like there there was another incident like there there was another incident like there there was another incident way way back I think in this 70s or 80s way way back I think in this 70s or 80s way way back I think in this 70s or 80s that the Russian early warning system that the Russian early warning system that the Russian early warning system reported that there was a nuclear attack reported that there was a nuclear attack reported that there was a nuclear attack on the way to Russia and there was one on the way to Russia and there was one on the way to Russia and there was one submarine commander or one element of a submarine commander or one element of a submarine commander or one element of a submarine command system and they had to submarine command system and they had to submarine command system and they had to have three people in the submarine who have three people in the submarine who have three people in the submarine who agreed to to launch an attack and this agreed to to launch an attack and this agreed to to launch an attack and this particular person refused. particular person refused. particular person refused. If he'd agreed with the other If he'd agreed with the other If he'd agreed with the other nuclear war at it, even the Russian submarine had three even the Russian submarine had three people who had to make that decision. people who had to make that decision. people who had to make that decision. So, we didn't have a nuclear war. Now, So, we didn't have a nuclear war. Now, So, we didn't have a nuclear war. Now, we've got one maniac in this White House we've got one maniac in this White House we've got one maniac in this White House who could do it. I'll play Annie who could do it. I'll play Annie who could do it. I'll play Annie Jacobson's clip now where she talks Jacobson's clip now where she talks Jacobson's clip now where she talks about the idea of sole authority which I about the idea of sole authority which I about the idea of sole authority which I think is an important thing for people think is an important thing for people think is an important thing for people to understand because when we think to understand because when we think to understand because when we think about who we're electing to lead our about who we're electing to lead our about who we're electing to lead our nuclear capable countries nuclear capable countries nuclear capable countries >> you have to think about who you want to >> you have to think about who you want to >> you have to think about who you want to give sole authority to give sole authority to give sole authority to >> the United States president has sole >> the United States president has sole >> the United States president has sole presidential authority to launch a presidential authority to launch a presidential authority to launch a nuclear war nuclear war nuclear war >> what does that mean >> what does that mean >> what does that mean >> it's exactly like it sounds what's so >> it's exactly like it sounds what's so >> it's exactly like it sounds what's so interesting is a lot of this stuff this interesting is a lot of this stuff this interesting is a lot of this stuff this nomenclature that gets thrown at nomenclature that gets thrown at nomenclature that gets thrown at If you just break it down, it's sole If you just break it down, it's sole If you just break it down, it's sole solo presidential. He's the pus solo presidential. He's the pus solo presidential. He's the pus authority. He doesn't have to ask anyone authority. He doesn't have to ask anyone authority. He doesn't have to ask anyone for permission. Not the SEC staff, not for permission. Not the SEC staff, not for permission. Not the SEC staff, not the chairman of the joint chiefs of the chairman of the joint chiefs of the chairman of the joint chiefs of staff, not the Congress. I love the staff, not the Congress. I love the staff, not the Congress. I love the worried look on your face in this moment worried look on your face in this moment worried look on your face in this moment because it is once you know that because it is once you know that because it is once you know that you say well first you might Google is you say well first you might Google is you say well first you might Google is it really true and you will get for it really true and you will get for it really true and you will get for example on Reddit like that's not really example on Reddit like that's not really example on Reddit like that's not really true you'll get like hundreds of true you'll get like hundreds of true you'll get like hundreds of thousands of people you know coming in thousands of people you know coming in thousands of people you know coming in with their opinions about how that's not with their opinions about how that's not with their opinions about how that's not really true well it is really true it's really true well it is really true it's really true well it is really true it's absolutely true and in fact during the absolutely true and in fact during the absolutely true and in fact during the former President Trump administration former President Trump administration former President Trump administration Congress became so sort of I want to say Congress became so sort of I want to say Congress became so sort of I want to say motivated or alarmed by this issue motivated or alarmed by this issue motivated or alarmed by this issue meaning they were being asked questions meaning they were being asked questions meaning they were being asked questions by the powers that be. Is this actually by the powers that be. Is this actually by the powers that be. Is this actually true that they released a report stating true that they released a report stating true that they released a report stating specifically and I quote in the book yes specifically and I quote in the book yes specifically and I quote in the book yes it is true as commanderin-chief it is true as commanderin-chief it is true as commanderin-chief the president has this sole authority. the president has this sole authority. the president has this sole authority. He doesn't need to ask anyone. He doesn't need to ask anyone. He doesn't need to ask anyone. >> So what is scenario four in your >> So what is scenario four in your >> So what is scenario four in your envelopes there? Iran disables Israel's envelopes there? Iran disables Israel's envelopes there? Iran disables Israel's nukes. Nobody can know. But I do believe nukes. Nobody can know. But I do believe nukes. Nobody can know. But I do believe that Iran has not developed nuclear that Iran has not developed nuclear that Iran has not developed nuclear weapons. weapons. weapons. >> So you're hoping Iran disables Israel's >> So you're hoping Iran disables Israel's >> So you're hoping Iran disables Israel's nuclear weapons? nuclear weapons? nuclear weapons? >> I am. I hope that happens because that >> I am. I hope that happens because that >> I am. I hope that happens because that takes out the nuclear option. Okay. We takes out the nuclear option. Okay. We takes out the nuclear option. Okay. We won't see nuclear war as a result of won't see nuclear war as a result of won't see nuclear war as a result of this. If the only nuclear weapons that this. If the only nuclear weapons that this. If the only nuclear weapons that we know exist in the Middle East are we know exist in the Middle East are we know exist in the Middle East are destroyed. destroyed. destroyed. >> But if Iran starts disabling Israel's >> But if Iran starts disabling Israel's >> But if Iran starts disabling Israel's nukes and attacking Israel that nukes and attacking Israel that nukes and attacking Israel that effectively, there's going to be an even effectively, there's going to be an even effectively, there's going to be an even bigger problem. Well, not not if we're bigger problem. Well, not not if we're bigger problem. Well, not not if we're talking conventional weapons. If it's talking conventional weapons. If it's talking conventional weapons. If it's conventional weapons and ground trips, conventional weapons and ground trips, conventional weapons and ground trips, then you don't end up with nuclear then you don't end up with nuclear then you don't end up with nuclear winter and the death of everybody on the winter and the death of everybody on the winter and the death of everybody on the planet. planet. planet. >> Wait, so you're saying you hope Iran >> Wait, so you're saying you hope Iran >> Wait, so you're saying you hope Iran invades Israel and takes out their invades Israel and takes out their invades Israel and takes out their nuclear weapons? nuclear weapons? nuclear weapons? >> No, that's necessarily invasion. It >> No, that's necessarily invasion. It >> No, that's necessarily invasion. It could be the missiles they've got left. could be the missiles they've got left. could be the missiles they've got left. Again, we don't know how capable their Again, we don't know how capable their Again, we don't know how capable their missiles are. The level of planning that missiles are. The level of planning that missiles are. The level of planning that Iran has done in this war, I I had no Iran has done in this war, I I had no Iran has done in this war, I I had no idea of of the fact they had those 31 idea of of the fact they had those 31 idea of of the fact they had those 31 regions, for example, until the war regions, for example, until the war regions, for example, until the war began. My special is economics, not began. My special is economics, not began. My special is economics, not global military politics. But once I global military politics. But once I global military politics. But once I learned that, I thought they have really learned that, I thought they have really learned that, I thought they have really thought this through. They have wargamed thought this through. They have wargamed thought this through. They have wargamed what happens if they get attacked by what happens if they get attacked by what happens if they get attacked by America. And they've warmed it America. And they've warmed it America. And they've warmed it comprehensively. Now, I hope they've comprehensively. Now, I hope they've comprehensively. Now, I hope they've also wargamed if we start defeating also wargamed if we start defeating also wargamed if we start defeating Israel and Israel realizes they're going Israel and Israel realizes they're going Israel and Israel realizes they're going to be wiped out, then the possibility to be wiped out, then the possibility to be wiped out, then the possibility for the Samson doctrine comes in. We for the Samson doctrine comes in. We for the Samson doctrine comes in. We have to disable that before it happens. have to disable that before it happens. have to disable that before it happens. How could they possib They They don't How could they possib They They don't How could they possib They They don't have a functioning military left in any have a functioning military left in any have a functioning military left in any sort of typical sense. They don't have sort of typical sense. They don't have sort of typical sense. They don't have ships left. They don't have planes left. ships left. They don't have planes left. ships left. They don't have planes left. >> They don't have ships. They don't have >> They don't have ships. They don't have >> They don't have ships. They don't have planes. But they have got missiles. And planes. But they have got missiles. And planes. But they have got missiles. And we don't know how many missiles they've we don't know how many missiles they've we don't know how many missiles they've got. We don't know where the missiles got. We don't know where the missiles got. We don't know where the missiles are. Certainly the Americans would have are. Certainly the Americans would have are. Certainly the Americans would have some intelligence. I think the word's some intelligence. I think the word's some intelligence. I think the word's got to be used with inverted commas got to be used with inverted commas got to be used with inverted commas these days, but some intelligence over these days, but some intelligence over these days, but some intelligence over where they are located in Iran. But if where they are located in Iran. But if where they are located in Iran. But if you listen to the Iranians talking about you listen to the Iranians talking about you listen to the Iranians talking about it, they say they've got hundreds of it, they say they've got hundreds of it, they say they've got hundreds of these facilities buried hundreds of these facilities buried hundreds of these facilities buried hundreds of meters below the ground. If the with the meters below the ground. If the with the meters below the ground. If the with the weapons they've developed, the the um weapons they've developed, the the um weapons they've developed, the the um advanced rocketry they've developed, advanced rocketry they've developed, advanced rocketry they've developed, they can evade RIL's Iron Dome, maybe they can evade RIL's Iron Dome, maybe they can evade RIL's Iron Dome, maybe they can also get into and destroy they can also get into and destroy they can also get into and destroy Israel's launch capabilities. And if Israel's launch capabilities. And if Israel's launch capabilities. And if that happens, I think that's that would that happens, I think that's that would that happens, I think that's that would be the best possible outcome because we be the best possible outcome because we be the best possible outcome because we have a a rogue state in the Middle East have a a rogue state in the Middle East have a a rogue state in the Middle East which has nuclear weapons which will which has nuclear weapons which will which has nuclear weapons which will neither admit that it has or won't sign neither admit that it has or won't sign neither admit that it has or won't sign it. They're not part of the nuclear it. They're not part of the nuclear it. They're not part of the nuclear nonpol proliferation treaty. They won't nonpol proliferation treaty. They won't nonpol proliferation treaty. They won't sign that treaty. We should never have sign that treaty. We should never have sign that treaty. We should never have allowed that to happen. And if Iran gets allowed that to happen. And if Iran gets allowed that to happen. And if Iran gets rid of them, I think it's the world's a rid of them, I think it's the world's a rid of them, I think it's the world's a safer place. safer place. safer place. >> Israel are just going to make more >> Israel are just going to make more >> Israel are just going to make more nuclear weapons. nuclear weapons. nuclear weapons. >> They have the resources. Uh, you need a >> They have the resources. Uh, you need a >> They have the resources. Uh, you need a hell of a lot of technology and a hell hell of a lot of technology and a hell hell of a lot of technology and a hell of a lot of intelligent people to do of a lot of intelligent people to do of a lot of intelligent people to do that. You've already lost the war to that. You've already lost the war to that. You've already lost the war to >> How could Israel lose the war? >> How could Israel lose the war? >> How could Israel lose the war? >> You've got 90 a population of 90 million >> You've got 90 a population of 90 million >> You've got 90 a population of 90 million in Iran and a population of less than 10 in Iran and a population of less than 10 in Iran and a population of less than 10 million in Israel. million in Israel. million in Israel. >> But they've got it's a sort of >> But they've got it's a sort of >> But they've got it's a sort of technological technological technological gulf. gulf. gulf. >> It's not as big as we thought it was. >> It's not as big as we thought it was. >> It's not as big as we thought it was. We're only realizing now the level of We're only realizing now the level of We're only realizing now the level of technology that Iran has. I mean the technology that Iran has. I mean the technology that Iran has. I mean the things which Iran are doing in this war things which Iran are doing in this war things which Iran are doing in this war so far have surprised everybody who's so far have surprised everybody who's so far have surprised everybody who's hasn't got the background of hasn't got the background of hasn't got the background of intelligence to tell them what's going intelligence to tell them what's going intelligence to tell them what's going on uh it's an educated sophisticated on uh it's an educated sophisticated on uh it's an educated sophisticated culture far more so than the caricature culture far more so than the caricature culture far more so than the caricature we've got from the west has been about we've got from the west has been about we've got from the west has been about it in the past so they it in the past so they it in the past so they >> they don't have near nearly the same >> they don't have near nearly the same >> they don't have near nearly the same level of resources and technology and uh level of resources and technology and uh level of resources and technology and uh and I would say maybe sort of and I would say maybe sort of and I would say maybe sort of sophisticated yeah advanced systems from sophisticated yeah advanced systems from sophisticated yeah advanced systems from a war perspective that Israel do. a war perspective that Israel do. a war perspective that Israel do. >> We think we don't know. We're assuming >> We think we don't know. We're assuming >> We think we don't know. We're assuming >> even the intelligence services, even >> even the intelligence services, even >> even the intelligence services, even their like their planes and their their like their planes and their their like their planes and their missiles and their defense systems are missiles and their defense systems are missiles and their defense systems are like profoundly more advanced than like profoundly more advanced than like profoundly more advanced than Iran's. Iran's. Iran's. >> If that was the case, we wouldn't be >> If that was the case, we wouldn't be >> If that was the case, we wouldn't be having this conversation. It's 3 weeks having this conversation. It's 3 weeks having this conversation. It's 3 weeks after the war began or 4 weeks. You after the war began or 4 weeks. You after the war began or 4 weeks. You know, the original belief that Trump has know, the original belief that Trump has know, the original belief that Trump has to be over in one day. That's proved to be over in one day. That's proved to be over in one day. That's proved false. false. false. >> I think that's in part because of what >> I think that's in part because of what >> I think that's in part because of what you said because they've prepared for you said because they've prepared for you said because they've prepared for decapitation. If I was the supreme decapitation. If I was the supreme decapitation. If I was the supreme leader of Iran, yeah, that's the sort of leader of Iran, yeah, that's the sort of leader of Iran, yeah, that's the sort of approach I would have taken, which is approach I would have taken, which is approach I would have taken, which is you take me out and actually you've got you take me out and actually you've got you take me out and actually you've got a bigger problem because now you've got a bigger problem because now you've got a bigger problem because now you've got to negotiate with 41 or 31 different to negotiate with 41 or 31 different to negotiate with 41 or 31 different sort of submillitaries and that's an sort of submillitaries and that's an sort of submillitaries and that's an impossible task. impossible task. impossible task. >> Yeah. Yeah. And that's the Iranians were >> Yeah. Yeah. And that's the Iranians were >> Yeah. Yeah. And that's the Iranians were aware of that and they've got a, you aware of that and they've got a, you aware of that and they've got a, you know, a huge army. They've got they can know, a huge army. They've got they can know, a huge army. They've got they can conscript far more people than Israel conscript far more people than Israel conscript far more people than Israel has. Um it's to me if it gets down to an has. Um it's to me if it gets down to an has. Um it's to me if it gets down to an conventional military then it's possible conventional military then it's possible conventional military then it's possible that you know Israel could lose that as that you know Israel could lose that as that you know Israel could lose that as well. well. well. >> On March 21 Trump threatened to >> On March 21 Trump threatened to >> On March 21 Trump threatened to obliterate Iran's power plants if they obliterate Iran's power plants if they obliterate Iran's power plants if they did not fully reopen the straight of did not fully reopen the straight of did not fully reopen the straight of Hormos within 48 hours. Hormos within 48 hours. Hormos within 48 hours. >> He then came out and said that he was >> He then came out and said that he was >> He then came out and said that he was pausing that because Iran were pausing that because Iran were pausing that because Iran were negotiating negotiating negotiating >> um and he says he he thinks he's >> um and he says he he thinks he's >> um and he says he he thinks he's negotiating with the right person. As of negotiating with the right person. As of negotiating with the right person. As of yesterday, Trump has announced a 10day yesterday, Trump has announced a 10day yesterday, Trump has announced a 10day pause until April 6th on destroying pause until April 6th on destroying pause until April 6th on destroying energy plants, claiming that indirect energy plants, claiming that indirect energy plants, claiming that indirect talks are going very well and that Iran talks are going very well and that Iran talks are going very well and that Iran is begging to make a deal according to is begging to make a deal according to is begging to make a deal according to the Guardian. So, what's going on there the Guardian. So, what's going on there the Guardian. So, what's going on there in your view? in your view? in your view? >> I think he's gaming the markets. I >> I think he's gaming the markets. I >> I think he's gaming the markets. I really think he's using it to cause the really think he's using it to cause the really think he's using it to cause the OMI price to go up and down and gaming OMI price to go up and down and gaming OMI price to go up and down and gaming at either side. and somebody in his at either side. and somebody in his at either side. and somebody in his circle or people are making a fortune circle or people are making a fortune circle or people are making a fortune playing that's the case. playing that's the case. playing that's the case. >> Yeah, I do. I mean >> Yeah, I do. I mean >> Yeah, I do. I mean >> because there's lots of ways to make >> because there's lots of ways to make >> because there's lots of ways to make money that don't involve crashing the money that don't involve crashing the money that don't involve crashing the global economy, losing the midterms. global economy, losing the midterms. global economy, losing the midterms. >> Yeah, you'd think of that. You've got >> Yeah, you'd think of that. You've got >> Yeah, you'd think of that. You've got you've got ethics, you've got empathy, you've got ethics, you've got empathy, you've got ethics, you've got empathy, you've got morals. Trump has none of you've got morals. Trump has none of you've got morals. Trump has none of those things. those things. those things. >> Do you not think it's just it's just >> Do you not think it's just it's just >> Do you not think it's just it's just again if we look at Trump's pattern of again if we look at Trump's pattern of again if we look at Trump's pattern of behavior over time, even with the behavior over time, even with the behavior over time, even with the tariffs? tariffs? tariffs? >> Yeah. The same pattern of behavior >> Yeah. The same pattern of behavior >> Yeah. The same pattern of behavior occurred there where he would come out occurred there where he would come out occurred there where he would come out and say, "Every leader is calling me. and say, "Every leader is calling me. and say, "Every leader is calling me. They can't stop calling me. They all They can't stop calling me. They all They can't stop calling me. They all want to make a deal. I'm going to do a want to make a deal. I'm going to do a want to make a deal. I'm going to do a tariff on you 10%. Wait, no, I'm not. tariff on you 10%. Wait, no, I'm not. tariff on you 10%. Wait, no, I'm not. Pause. Call me." Pause. Call me." Pause. Call me." >> Yeah. >> Yeah. >> Yeah. >> It's the same pattern of behavior. It's >> It's the same pattern of behavior. It's >> It's the same pattern of behavior. It's you you make a threat system. Yeah. you you make a threat system. Yeah. you you make a threat system. Yeah. >> You then >> You then >> You then >> blackmail the person to try and >> blackmail the person to try and >> blackmail the person to try and negotiate with you. when they don't, you negotiate with you. when they don't, you negotiate with you. when they don't, you hit them with the thing hard and hit them with the thing hard and hit them with the thing hard and eventually in the end of the day, you eventually in the end of the day, you eventually in the end of the day, you don't really do any of the stuff you don't really do any of the stuff you don't really do any of the stuff you threaten to do threaten to do threaten to do >> because you've sort of >> because you've sort of >> because you've sort of >> manipulated a person into getting your >> manipulated a person into getting your >> manipulated a person into getting your way. It's the same pattern of behavior. way. It's the same pattern of behavior. way. It's the same pattern of behavior. We're going to smash you if you don't We're going to smash you if you don't We're going to smash you if you don't call me. call me. call me. >> Yeah, >> Yeah, >> Yeah, >> they do or don't call. He announces to >> they do or don't call. He announces to >> they do or don't call. He announces to the world that they called. They're the world that they called. They're the world that they called. They're begging. Look, it says here, "They're begging. Look, it says here, "They're begging. Look, it says here, "They're begging me for a deal. I'm going to give begging me for a deal. I'm going to give begging me for a deal. I'm going to give them 10 more days." them 10 more days." them 10 more days." >> To me, it sounds like he's trying to >> To me, it sounds like he's trying to >> To me, it sounds like he's trying to build his golden bridge to get the build his golden bridge to get the build his golden bridge to get the out of there. What he's imagining is out of there. What he's imagining is out of there. What he's imagining is he's dealing with somebody like himself he's dealing with somebody like himself he's dealing with somebody like himself in Iran. Okay? He's he's projecting what in Iran. Okay? He's he's projecting what in Iran. Okay? He's he's projecting what how he would react to these things. He's how he would react to these things. He's how he would react to these things. He's obviously projecting his own behavior obviously projecting his own behavior obviously projecting his own behavior onto the system. And it's projection onto the system. And it's projection onto the system. And it's projection rather than understanding. So if you rather than understanding. So if you rather than understanding. So if you decapitate, you know, if you took out decapitate, you know, if you took out decapitate, you know, if you took out Trump, the fear of being, you know, Trump, the fear of being, you know, Trump, the fear of being, you know, assassinated, yes, well bargain, what do assassinated, yes, well bargain, what do assassinated, yes, well bargain, what do you want me to do? He thinks that works you want me to do? He thinks that works you want me to do? He thinks that works in Iran. It doesn't. in Iran. It doesn't. in Iran. It doesn't. >> You can look at his behavior and sort of >> You can look at his behavior and sort of >> You can look at his behavior and sort of understand what he wants. He wants to understand what he wants. He wants to understand what he wants. He wants to win this war and he he want you know he win this war and he he want you know he win this war and he he want you know he wants to win the war and that's and get wants to win the war and that's and get wants to win the war and that's and get out of there because that's what he's out of there because that's what he's out of there because that's what he's been saying. We've won. We won. We've been saying. We've won. We won. We've been saying. We've won. We won. We've won every day. We've won. More missiles won every day. We've won. More missiles won every day. We've won. More missiles go in. We've won. So that's clearly what go in. We've won. So that's clearly what go in. We've won. So that's clearly what he wants to happen. The problem is he wants to happen. The problem is he wants to happen. The problem is winning here doesn't seem like a winning here doesn't seem like a winning here doesn't seem like a straightforward thing. straightforward thing. straightforward thing. >> No, it's not going to happen. >> No, it's not going to happen. >> No, it's not going to happen. >> No pun intended with a straight up. But >> No pun intended with a straight up. But >> No pun intended with a straight up. But it really doesn't seem like a it really doesn't seem like a it really doesn't seem like a straightforward thing. straightforward thing. straightforward thing. >> So I it's my opinion now that they are a >> So I it's my opinion now that they are a >> So I it's my opinion now that they are a little bit stuck because if you leave little bit stuck because if you leave little bit stuck because if you leave now you lose. now you lose. now you lose. >> Yeah. >> Yeah. >> Yeah. >> Iran start firing at Israel. Israel >> Iran start firing at Israel. Israel >> Iran start firing at Israel. Israel don't stop even though you tell them to. don't stop even though you tell them to. don't stop even though you tell them to. Yeah, Yeah, Yeah, >> they start firing at each other. The >> they start firing at each other. The >> they start firing at each other. The whole thing blows up. Oil, they keep the whole thing blows up. Oil, they keep the whole thing blows up. Oil, they keep the straight of Horos closed. Oil prices go straight of Horos closed. Oil prices go straight of Horos closed. Oil prices go up. It looks terrible, terrible, up. It looks terrible, terrible, up. It looks terrible, terrible, terrible for Trump. We might get he terrible for Trump. We might get he terrible for Trump. We might get he might find himself in a Bush situation might find himself in a Bush situation might find himself in a Bush situation where his legacy, and I think that's where his legacy, and I think that's where his legacy, and I think that's such an important word, a man that can't such an important word, a man that can't such an important word, a man that can't be elected for a third term. His legacy be elected for a third term. His legacy be elected for a third term. His legacy is tarnished in the same way that Bush's is tarnished in the same way that Bush's is tarnished in the same way that Bush's legacy was tarnished by going to war in legacy was tarnished by going to war in legacy was tarnished by going to war in the Middle East. M the Middle East. M the Middle East. M >> I think his greatest fear, Trump's >> I think his greatest fear, Trump's >> I think his greatest fear, Trump's greatest fear, you think back through greatest fear, you think back through greatest fear, you think back through all of these moments over the last all of these moments over the last all of these moments over the last couple years where he talked about the couple years where he talked about the couple years where he talked about the Nobel Prize, Nobel Prize, Nobel Prize, >> I think he's trying to put himself on >> I think he's trying to put himself on >> I think he's trying to put himself on the Mount Rushmore of presidents. the Mount Rushmore of presidents. the Mount Rushmore of presidents. >> Yeah. >> Yeah. >> Yeah. >> In history's mind. >> In history's mind. >> In history's mind. >> And I think how this situation plays out >> And I think how this situation plays out >> And I think how this situation plays out now, the sole thing he's thinking about now, the sole thing he's thinking about now, the sole thing he's thinking about is his legacy. And right now, being is his legacy. And right now, being is his legacy. And right now, being stuck in a war and contemplating putting stuck in a war and contemplating putting stuck in a war and contemplating putting ground troops in is arguably the worst ground troops in is arguably the worst ground troops in is arguably the worst thing for one's legacy. Americans dead. thing for one's legacy. Americans dead. thing for one's legacy. Americans dead. >> Yeah. And lots of Americans dead. These >> Yeah. And lots of Americans dead. These >> Yeah. And lots of Americans dead. These wars are like you think about Vietnam. wars are like you think about Vietnam. wars are like you think about Vietnam. These wars are never really won. These wars are never really won. These wars are never really won. >> No. Well, they did. America hasn't won a >> No. Well, they did. America hasn't won a >> No. Well, they did. America hasn't won a war since World War II and even World war since World War II and even World war since World War II and even World War II was won by the Russians more so War II was won by the Russians more so War II was won by the Russians more so than the Americans. So, we have this than the Americans. So, we have this than the Americans. So, we have this picture of America as being this, you picture of America as being this, you picture of America as being this, you know, invincible military power. But it know, invincible military power. But it know, invincible military power. But it lost in Vietnam. It lost in Iraq. It lost in Vietnam. It lost in Iraq. It lost in Vietnam. It lost in Iraq. It lost in Afghanistan. America's failed in lost in Afghanistan. America's failed in lost in Afghanistan. America's failed in all of these. This is another American all of these. This is another American all of these. This is another American failure, but on a scale far beyond what failure, but on a scale far beyond what failure, but on a scale far beyond what happened in Afghanistan and Vietnam. happened in Afghanistan and Vietnam. happened in Afghanistan and Vietnam. >> Do you think he will send ground troops >> Do you think he will send ground troops >> Do you think he will send ground troops in? Yes, I do. Uh, and like I've seen in? Yes, I do. Uh, and like I've seen in? Yes, I do. Uh, and like I've seen people talking about where the troops people talking about where the troops people talking about where the troops might land. And the only part of they might land. And the only part of they might land. And the only part of they can land is is right towards this edge can land is is right towards this edge can land is is right towards this edge here with Pakistan, where they might here with Pakistan, where they might here with Pakistan, where they might land to between 2 and 10,000 troops. I'd land to between 2 and 10,000 troops. I'd land to between 2 and 10,000 troops. I'd hate to be one of those troops because hate to be one of those troops because hate to be one of those troops because it's a suicide mission. again with those it's a suicide mission. again with those it's a suicide mission. again with those 31 provinces, the separated um military 31 provinces, the separated um military 31 provinces, the separated um military commands they've got, the weapons commands they've got, the weapons commands they've got, the weapons they've got hidden underground, the they've got hidden underground, the they've got hidden underground, the troops themselves who if if you know troops themselves who if if you know troops themselves who if if you know that there are Americans landing and that there are Americans landing and that there are Americans landing and you're Iranian and a soldier, you are you're Iranian and a soldier, you are you're Iranian and a soldier, you are going to attack them like nobody's going to attack them like nobody's going to attack them like nobody's business and not be afraid of your own business and not be afraid of your own business and not be afraid of your own death because you do think if you get death because you do think if you get death because you do think if you get martyed, it's the remaining people that martyed, it's the remaining people that martyed, it's the remaining people that you're defending. There will be people you're defending. There will be people you're defending. There will be people who recognize you as a martyr. It's it's who recognize you as a martyr. It's it's who recognize you as a martyr. It's it's horrific. If you had to give a sort of horrific. If you had to give a sort of horrific. If you had to give a sort of percentage probability of them putting percentage probability of them putting percentage probability of them putting ground troops in, ground troops in, ground troops in, >> I would say more than 50%. We're going >> I would say more than 50%. We're going >> I would say more than 50%. We're going to find out in the next couple of weeks. to find out in the next couple of weeks. to find out in the next couple of weeks. >> Much of the reason most people haven't >> Much of the reason most people haven't >> Much of the reason most people haven't posted content or built their personal posted content or built their personal posted content or built their personal brand is because it's hard and it's brand is because it's hard and it's brand is because it's hard and it's timeconuming and we're all very very timeconuming and we're all very very timeconuming and we're all very very busy and if you've never posted busy and if you've never posted busy and if you've never posted something before, there's so many something before, there's so many something before, there's so many factors in your psychology that stop you factors in your psychology that stop you factors in your psychology that stop you wanting to post. What people will think wanting to post. What people will think wanting to post. What people will think of you, am I doing this right? Is the of you, am I doing this right? Is the of you, am I doing this right? Is the thing I'm saying absolutely stupid? All thing I'm saying absolutely stupid? All thing I'm saying absolutely stupid? All of these result in paralysis, which of these result in paralysis, which of these result in paralysis, which means you don't post and your feed goes means you don't post and your feed goes means you don't post and your feed goes bare. I'm an investor in a company bare. I'm an investor in a company bare. I'm an investor in a company called Stanto, which you've probably called Stanto, which you've probably called Stanto, which you've probably heard me talk about. And what they've heard me talk about. And what they've heard me talk about. And what they've been building is this new tool called been building is this new tool called been building is this new tool called Stanley that uses AI, looks at your Stanley that uses AI, looks at your Stanley that uses AI, looks at your feed, looks at your tone of voice, looks feed, looks at your tone of voice, looks feed, looks at your tone of voice, looks at your history, looks at your best at your history, looks at your best at your history, looks at your best performing posts, and tells you what you performing posts, and tells you what you performing posts, and tells you what you should post, makes those posts for you. should post, makes those posts for you. should post, makes those posts for you. You can also just use it for You can also just use it for You can also just use it for inspiration. And sometimes what we need inspiration. And sometimes what we need inspiration. And sometimes what we need when we're thinking about doing a post when we're thinking about doing a post when we're thinking about doing a post for our social media channels is for our social media channels is for our social media channels is inspiration. Building an audience has inspiration. Building an audience has inspiration. Building an audience has fundamentally changed my life and I fundamentally changed my life and I fundamentally changed my life and I think it could change yours, too. So, think it could change yours, too. So, think it could change yours, too. So, I'm inviting you to give this new tool a I'm inviting you to give this new tool a I'm inviting you to give this new tool a shot and let me know what you think. All shot and let me know what you think. All shot and let me know what you think. All you have to do is search you have to do is search you have to do is search coach.stand.store coach.stand.store coach.stand.store now to get started. This company that now to get started. This company that now to get started. This company that I've just invested in is grown like I've just invested in is grown like I've just invested in is grown like crazy. I want to be the one to tell you crazy. I want to be the one to tell you crazy. I want to be the one to tell you about it because I think it's going to about it because I think it's going to about it because I think it's going to create such a huge productivity create such a huge productivity create such a huge productivity advantage for you. Whisperflow is an app advantage for you. Whisperflow is an app advantage for you. Whisperflow is an app that you can get on your computer and on that you can get on your computer and on that you can get on your computer and on your phone on all your devices and it your phone on all your devices and it your phone on all your devices and it allows you to speak to your technology. allows you to speak to your technology. allows you to speak to your technology. So, instead of me writing out an email, So, instead of me writing out an email, So, instead of me writing out an email, I click one button on my phone and I can I click one button on my phone and I can I click one button on my phone and I can just speak the email into existence and just speak the email into existence and just speak the email into existence and it uses AI to clean up what I was it uses AI to clean up what I was it uses AI to clean up what I was saying. And then when I'm done, I just saying. And then when I'm done, I just saying. And then when I'm done, I just hit this one button here and the whole hit this one button here and the whole hit this one button here and the whole email is written for me. And it's saving email is written for me. And it's saving email is written for me. And it's saving me so much time in a day because Whisper me so much time in a day because Whisper me so much time in a day because Whisper learns how I write. So on WhatsApp, it learns how I write. So on WhatsApp, it learns how I write. So on WhatsApp, it knows how I am a little bit more casual. knows how I am a little bit more casual. knows how I am a little bit more casual. On email, a little bit more On email, a little bit more On email, a little bit more professional. And also, there's this professional. And also, there's this professional. And also, there's this really interesting thing they've just really interesting thing they've just really interesting thing they've just done. I can create little phrases to done. I can create little phrases to done. I can create little phrases to automatically do the work for me. I can automatically do the work for me. I can automatically do the work for me. I can just say Jack's LinkedIn and it copies just say Jack's LinkedIn and it copies just say Jack's LinkedIn and it copies Jack's LinkedIn profile for me because Jack's LinkedIn profile for me because Jack's LinkedIn profile for me because it knows who Jack is in my life. This is it knows who Jack is in my life. This is it knows who Jack is in my life. This is saving me a huge amount of time. This saving me a huge amount of time. This saving me a huge amount of time. This company is growing like absolute crazy. company is growing like absolute crazy. company is growing like absolute crazy. And this is why I invested in the And this is why I invested in the And this is why I invested in the business and why they're now a sponsor business and why they're now a sponsor business and why they're now a sponsor of this show. And Whisflow is frankly of this show. And Whisflow is frankly of this show. And Whisflow is frankly becoming the worstkept secret in becoming the worstkept secret in becoming the worstkept secret in business, productivity, and business, productivity, and business, productivity, and entrepreneurship. Check it out now at entrepreneurship. Check it out now at entrepreneurship. Check it out now at Whisper Flow spelled w Whisper Flow spelled w Whisper Flow spelled w lw.ai/stephven. It will be a game changer for you. It will be a game changer for you. >> What is the best case scenario? The >> What is the best case scenario? The >> What is the best case scenario? The Americans have to realize they've lost. Americans have to realize they've lost. Americans have to realize they've lost. They've not going to negotiate the terms They've not going to negotiate the terms They've not going to negotiate the terms of reparation. And what Iran has of reparation. And what Iran has of reparation. And what Iran has proposed, when you look at Iran's terms, proposed, when you look at Iran's terms, proposed, when you look at Iran's terms, they're extremely reasonable. They're they're extremely reasonable. They're they're extremely reasonable. They're saying America saying America saying America leaves the whole Asian. America no leaves the whole Asian. America no leaves the whole Asian. America no longer comes back in this region. No longer comes back in this region. No longer comes back in this region. No military bases, no agreements. This military bases, no agreements. This military bases, no agreements. This becomes Iranian protectorate. That becomes Iranian protectorate. That becomes Iranian protectorate. That becomes an Arabian Empire or not Arabian becomes an Arabian Empire or not Arabian becomes an Arabian Empire or not Arabian Iranian Empire because they're not Iranian Empire because they're not Iranian Empire because they're not they're not Arabs. They're Persians. Uh they're not Arabs. They're Persians. Uh they're not Arabs. They're Persians. Uh so this becomes like a Muslim part of so this becomes like a Muslim part of so this becomes like a Muslim part of the world that's you can actually take the world that's you can actually take the world that's you can actually take the whole region out to here it's all the whole region out to here it's all the whole region out to here it's all Muslim and what's been happening and Muslim and what's been happening and Muslim and what's been happening and this is part of the weird religious this is part of the weird religious this is part of the weird religious elements here you've got the Sunni sect elements here you've got the Sunni sect elements here you've got the Sunni sect and the Shiite sect which is a bit like and the Shiite sect which is a bit like and the Shiite sect which is a bit like the Protestants versus the Catholics go the Protestants versus the Catholics go the Protestants versus the Catholics go back 500 years and what we're seeing back 500 years and what we're seeing back 500 years and what we're seeing here is like the 100red years war that here is like the 100red years war that here is like the 100red years war that occurred in Europe back in the days when occurred in Europe back in the days when occurred in Europe back in the days when it was Protestant birth as Catholic was it was Protestant birth as Catholic was it was Protestant birth as Catholic was a serious thing. Um, so we're seeing a a serious thing. Um, so we're seeing a a serious thing. Um, so we're seeing a religious war being fought here and the religious war being fought here and the religious war being fought here and the the Sunni majority about 90% of Muslims the Sunni majority about 90% of Muslims the Sunni majority about 90% of Muslims are Sunni. They have focused on their are Sunni. They have focused on their are Sunni. They have focused on their rivalry with the Shiites. And so what rivalry with the Shiites. And so what rivalry with the Shiites. And so what they've done is they've sided with this they've done is they've sided with this they've done is they've sided with this mob to enable United States the states mob to enable United States the states mob to enable United States the states to so they've sided with the Christians to so they've sided with the Christians to so they've sided with the Christians to strengthen their own Muslim sect to strengthen their own Muslim sect to strengthen their own Muslim sect which is the Sunni sect against the which is the Sunni sect against the which is the Sunni sect against the Shiite sect which is Iran is Shiite sect which is Iran is Shiite sect which is Iran is predominantly Shiite. Now what's predominantly Shiite. Now what's predominantly Shiite. Now what's happening here is as soon as the war happening here is as soon as the war happening here is as soon as the war started America started America started America the reason the the Arabs agreed to bases the reason the the Arabs agreed to bases the reason the the Arabs agreed to bases here military bases is they thought it here military bases is they thought it here military bases is they thought it to protect them from Iran. As soon as to protect them from Iran. As soon as to protect them from Iran. As soon as the war starts those spaces are the war starts those spaces are the war starts those spaces are obliterated the Americans leave and they obliterated the Americans leave and they obliterated the Americans leave and they realize that hasn't worked at all. So realize that hasn't worked at all. So realize that hasn't worked at all. So the deal the Sunnis made to side with the deal the Sunnis made to side with the deal the Sunnis made to side with the Christians has proved to be an the Christians has proved to be an the Christians has proved to be an extremely bad deal. You're going to have extremely bad deal. You're going to have extremely bad deal. You're going to have to have change in who rules these to have change in who rules these to have change in who rules these countries to enable it to happen. But I countries to enable it to happen. But I countries to enable it to happen. But I think the persuasive case coming out of think the persuasive case coming out of think the persuasive case coming out of this within the Muslim areas is Muslims this within the Muslim areas is Muslims this within the Muslim areas is Muslims stick together. Don't cooperate with the stick together. Don't cooperate with the stick together. Don't cooperate with the Christians. Christians. Christians. >> Don't cooperate with the United States. >> Don't cooperate with the United States. >> Don't cooperate with the United States. >> I think that's what's going to happen. >> I think that's what's going to happen. >> I think that's what's going to happen. >> You think that's going to happen? >> You think that's going to happen? >> You think that's going to happen? >> I hope so because that at least gives us >> I hope so because that at least gives us >> I hope so because that at least gives us something which is relatively stable. something which is relatively stable. something which is relatively stable. This becomes a region that is Muslim. This becomes a region that is Muslim. This becomes a region that is Muslim. >> When you say this, you mean the Middle >> When you say this, you mean the Middle >> When you say this, you mean the Middle East? East? East? >> I mean the whole Middle East, Saudi >> I mean the whole Middle East, Saudi >> I mean the whole Middle East, Saudi Arabia, Iran, Iraq, Pakistan as well Arabia, Iran, Iraq, Pakistan as well Arabia, Iran, Iraq, Pakistan as well because it's a Muslim country. because it's a Muslim country. because it's a Muslim country. Afghanistan. This region becomes Muslim Afghanistan. This region becomes Muslim Afghanistan. This region becomes Muslim dominated. Shiites and Sunnis start to I dominated. Shiites and Sunnis start to I dominated. Shiites and Sunnis start to I mean the whole idea of of Catholics mean the whole idea of of Catholics mean the whole idea of of Catholics fighting Protestants that's completely fighting Protestants that's completely fighting Protestants that's completely dissipated. Um there's no level in in dissipated. Um there's no level in in dissipated. Um there's no level in in the west anymore of large scale military the west anymore of large scale military the west anymore of large scale military type animosity between Catholics and and type animosity between Catholics and and type animosity between Catholics and and Protestants. That's what's happening Protestants. That's what's happening Protestants. That's what's happening over here. The the conflicts those over here. The the conflicts those over here. The the conflicts those religious conflicts within the Cath religious conflicts within the Cath religious conflicts within the Cath within the Christians disappeared within the Christians disappeared within the Christians disappeared largely speaking. They're still largely speaking. They're still largely speaking. They're still happening within the Muslim religion. happening within the Muslim religion. happening within the Muslim religion. This could persuade them that that's got This could persuade them that that's got This could persuade them that that's got to end. to end. to end. >> So, we've got one more scenario. >> So, we've got one more scenario. >> So, we've got one more scenario. Scenario five. Scenario five. Scenario five. >> Iran develops nuclear weapons. I'd >> Iran develops nuclear weapons. I'd >> Iran develops nuclear weapons. I'd rather four happen than five. rather four happen than five. rather four happen than five. >> Which of these five outcomes do you >> Which of these five outcomes do you >> Which of these five outcomes do you think is most probable to happen? think is most probable to happen? think is most probable to happen? >> I think the most likely outcome is Iran >> I think the most likely outcome is Iran >> I think the most likely outcome is Iran disables Israel's nuclear weapons. disables Israel's nuclear weapons. disables Israel's nuclear weapons. Because Iran has been so prepared for Because Iran has been so prepared for Because Iran has been so prepared for this conflict in a way that America has this conflict in a way that America has this conflict in a way that America has not, in a way that Israel was not. I not, in a way that Israel was not. I not, in a way that Israel was not. I hope they're also prepared for the hope they're also prepared for the hope they're also prepared for the eventuality of having to neutralize eventuality of having to neutralize eventuality of having to neutralize Israel's nuclear weapons. Israel's nuclear weapons. Israel's nuclear weapons. >> You think the highest probability is >> You think the highest probability is >> You think the highest probability is Iran disabling Israel's nukes? Iran disabling Israel's nukes? Iran disabling Israel's nukes? >> Yeah, I hope I'm right. I mean, if Iran >> Yeah, I hope I'm right. I mean, if Iran >> Yeah, I hope I'm right. I mean, if Iran gets destroyed, then this leads not to gets destroyed, then this leads not to gets destroyed, then this leads not to Iran developing nuclear weapons, but Iran developing nuclear weapons, but Iran developing nuclear weapons, but every potential rival for America on the every potential rival for America on the every potential rival for America on the planet developing nuclear weapons. We go planet developing nuclear weapons. We go planet developing nuclear weapons. We go to a nuclear war dominated world. Do you to a nuclear war dominated world. Do you to a nuclear war dominated world. Do you not think it's more likely that Trump is not think it's more likely that Trump is not think it's more likely that Trump is going to find himself a golden bridge to going to find himself a golden bridge to going to find himself a golden bridge to get out of this situation? He's going to get out of this situation? He's going to get out of this situation? He's going to call Netanyahu in Israel and say, "Stand call Netanyahu in Israel and say, "Stand call Netanyahu in Israel and say, "Stand down, please. I'm going to announce that down, please. I'm going to announce that down, please. I'm going to announce that we've won this war. I'm going to we've won this war. I'm going to we've won this war. I'm going to announce that we've done a deal. It's announce that we've done a deal. It's announce that we've done a deal. It's all over." all over." all over." >> Well, without doubt, whatever happens, >> Well, without doubt, whatever happens, >> Well, without doubt, whatever happens, Trump is going to say he won. Okay, Trump is going to say he won. Okay, Trump is going to say he won. Okay, that's again the narcissistic that's again the narcissistic that's again the narcissistic personality disorder thing. He simply personality disorder thing. He simply personality disorder thing. He simply couldn't bring himself to stand on a couldn't bring himself to stand on a couldn't bring himself to stand on a stage and say, "I lost." I mean, think stage and say, "I lost." I mean, think stage and say, "I lost." I mean, think about the biggest insult that Trump ever about the biggest insult that Trump ever about the biggest insult that Trump ever made in his apprenticeship show. You're made in his apprenticeship show. You're made in his apprenticeship show. You're a loser. Okay? Being a loser is the a loser. Okay? Being a loser is the a loser. Okay? Being a loser is the absolute worst possible thing that absolute worst possible thing that absolute worst possible thing that anybody can be in his mind. If he has to anybody can be in his mind. If he has to anybody can be in his mind. If he has to say, "I'm a loser," then his life is say, "I'm a loser," then his life is say, "I'm a loser," then his life is over in that sense. He's self his over in that sense. He's self his over in that sense. He's self his selfimage is over. So, whatever deal selfimage is over. So, whatever deal selfimage is over. So, whatever deal comes out, he's going to say he won. For comes out, he's going to say he won. For comes out, he's going to say he won. For the for the average person that's the for the average person that's the for the average person that's listening now when they hear all this listening now when they hear all this listening now when they hear all this conflict going on on in the world from conflict going on on in the world from conflict going on on in the world from an economic perspective, is there an economic perspective, is there an economic perspective, is there anything they can be doing to protect anything they can be doing to protect anything they can be doing to protect themselves against some of these themselves against some of these themselves against some of these downstream consequences? downstream consequences? downstream consequences? >> Well, I think one thing is people we >> Well, I think one thing is people we >> Well, I think one thing is people we we've now got to the stage where you can we've now got to the stage where you can we've now got to the stage where you can buy your own uh solar systems for your buy your own uh solar systems for your buy your own uh solar systems for your house. You need something which means house. You need something which means house. You need something which means you are not dependent upon oil anymore. you are not dependent upon oil anymore. you are not dependent upon oil anymore. I I think we've trivialized the dangers I I think we've trivialized the dangers I I think we've trivialized the dangers of climate change for the last half of climate change for the last half of climate change for the last half century. We've done very little about it century. We've done very little about it century. We've done very little about it to reverse it. This is telling people to reverse it. This is telling people to reverse it. This is telling people that if you relied upon oil, you've got that if you relied upon oil, you've got that if you relied upon oil, you've got a fragile existence. Even if it cost you a fragile existence. Even if it cost you a fragile existence. Even if it cost you more to build solar, you've got to build more to build solar, you've got to build more to build solar, you've got to build solar as your own alternative energy solar as your own alternative energy solar as your own alternative energy system. Cuz without energy, there's no system. Cuz without energy, there's no system. Cuz without energy, there's no civilization. civilization. civilization. And that's what we're learning the hard And that's what we're learning the hard And that's what we're learning the hard way from this conflict. So I think way from this conflict. So I think way from this conflict. So I think individual responses is going to be get individual responses is going to be get individual responses is going to be get some way to have your own power source some way to have your own power source some way to have your own power source and for most people that means having a and for most people that means having a and for most people that means having a solar. One man that has done a lot for solar. One man that has done a lot for solar. One man that has done a lot for both solar and sustainable energy is both solar and sustainable energy is both solar and sustainable energy is Elon Musk. Elon Musk. Elon Musk. >> He has. He's also helped get bloody >> He has. He's also helped get bloody >> He has. He's also helped get bloody Trump elected. So I think you've got to Trump elected. So I think you've got to Trump elected. So I think you've got to score that against him as well. But score that against him as well. But score that against him as well. But yeah, his work on solar then and and and yeah, his work on solar then and and and yeah, his work on solar then and and and power and rocketry. I've absolutely power and rocketry. I've absolutely power and rocketry. I've absolutely admired that and I see that as a admired that and I see that as a admired that and I see that as a critical positive contribution. But critical positive contribution. But critical positive contribution. But getting Trump elected, he played a major getting Trump elected, he played a major getting Trump elected, he played a major role in that. He should learn from that role in that. He should learn from that role in that. He should learn from that mistake and get the out of mistake and get the out of mistake and get the out of politics. He has backed off politics politics. He has backed off politics politics. He has backed off politics now, which is now, which is now, which is >> I think he's realized how poisonous it >> I think he's realized how poisonous it >> I think he's realized how poisonous it is. Yeah. is. Yeah. is. Yeah. >> Yeah. It sounds like he's realized you >> Yeah. It sounds like he's realized you >> Yeah. It sounds like he's realized you can't really change the beast. No, can't really change the beast. No, can't really change the beast. No, >> he tried. >> he tried. >> he tried. >> Yeah. He should stick with the era where >> Yeah. He should stick with the era where >> Yeah. He should stick with the era where he's mature, which is what he does with he's mature, which is what he does with he's mature, which is what he does with energy systems and what he does with energy systems and what he does with energy systems and what he does with rocketry. He's really I mean, in terms rocketry. He's really I mean, in terms rocketry. He's really I mean, in terms of legacy, uh, he's tainted his legacy of legacy, uh, he's tainted his legacy of legacy, uh, he's tainted his legacy by getting involved in politics. Go back by getting involved in politics. Go back by getting involved in politics. Go back to engineering. So you say that you to engineering. So you say that you to engineering. So you say that you think people should invest in solar for think people should invest in solar for think people should invest in solar for their homes to get their own energy their homes to get their own energy their homes to get their own energy sources so they're a little bit sources so they're a little bit sources so they're a little bit insulated from these sort of insulated from these sort of insulated from these sort of macroeconomics. Is there anything else macroeconomics. Is there anything else macroeconomics. Is there anything else they should be thinking about? You know, they should be thinking about? You know, they should be thinking about? You know, the average person the cost of living the average person the cost of living the average person the cost of living crisis. What what happens next? What crisis. What what happens next? What crisis. What what happens next? What should they be doing now? should they be doing now? should they be doing now? >> The thing that I'm most worried about >> The thing that I'm most worried about >> The thing that I'm most worried about this is the impact upon food. I'm the this is the impact upon food. I'm the this is the impact upon food. I'm the last person to talk about growing your last person to talk about growing your last person to talk about growing your own food. I've never done it. I'm I've own food. I've never done it. I'm I've own food. I've never done it. I'm I've got brown thumbs, not green ones. But I got brown thumbs, not green ones. But I got brown thumbs, not green ones. But I think if you can have any way to produce think if you can have any way to produce think if you can have any way to produce your own food, you've got a bit of your own food, you've got a bit of your own food, you've got a bit of insulation against what's happening at insulation against what's happening at insulation against what's happening at the global level. The lesson that comes the global level. The lesson that comes the global level. The lesson that comes out of this is self-sufficiency. out of this is self-sufficiency. out of this is self-sufficiency. If we don't have self-sufficiency, then If we don't have self-sufficiency, then If we don't have self-sufficiency, then these sorts of global chaotic things can these sorts of global chaotic things can these sorts of global chaotic things can destroy you completely with you having destroy you completely with you having destroy you completely with you having no recompense. If you have some degree no recompense. If you have some degree no recompense. If you have some degree of self-sufficiency, you can survive. of self-sufficiency, you can survive. of self-sufficiency, you can survive. >> And how does one create >> And how does one create >> And how does one create self-sufficiency? Growing your own food self-sufficiency? Growing your own food self-sufficiency? Growing your own food is quite expensive and slow, isn't it? is quite expensive and slow, isn't it? is quite expensive and slow, isn't it? >> Yeah, extremely. >> Yeah, extremely. >> Yeah, extremely. >> So, how does one develop >> So, how does one develop >> So, how does one develop self-sufficiency in this these sort of self-sufficiency in this these sort of self-sufficiency in this these sort of economic climates? Is it saving money or economic climates? Is it saving money or economic climates? Is it saving money or is it um is it um is it um >> I think it's having your own physical >> I think it's having your own physical >> I think it's having your own physical resources close to you that enable you. resources close to you that enable you. resources close to you that enable you. Money doesn't matter if you can't buy Money doesn't matter if you can't buy Money doesn't matter if you can't buy the product in the first instance. The the product in the first instance. The the product in the first instance. The product doesn't exist anymore. So, one product doesn't exist anymore. So, one product doesn't exist anymore. So, one thing that happened during World War II thing that happened during World War II thing that happened during World War II is a large amount of food was grown in is a large amount of food was grown in is a large amount of food was grown in the UK by people turning their gardens the UK by people turning their gardens the UK by people turning their gardens into market gardens. I into market gardens. I into market gardens. I >> I've heard you make a few predictions >> I've heard you make a few predictions >> I've heard you make a few predictions about the future of the economic about the future of the economic about the future of the economic markets. You know, you're famous for markets. You know, you're famous for markets. You know, you're famous for predicting 2008 and the financial crash predicting 2008 and the financial crash predicting 2008 and the financial crash that occurred then. I've heard you that occurred then. I've heard you that occurred then. I've heard you saying that you think because of AI saying that you think because of AI saying that you think because of AI there's going to be another financial there's going to be another financial there's going to be another financial crash around the corner within one or crash around the corner within one or crash around the corner within one or two years. two years. two years. >> Yeah. What's happening with AI is a >> Yeah. What's happening with AI is a >> Yeah. What's happening with AI is a classic economic boom and bust cycle classic economic boom and bust cycle classic economic boom and bust cycle overlaid on the fact that AI can also overlaid on the fact that AI can also overlaid on the fact that AI can also eliminate a huge amount of employment eliminate a huge amount of employment eliminate a huge amount of employment which we've never seen that possibility which we've never seen that possibility which we've never seen that possibility in the past on that scale. But a common in the past on that scale. But a common in the past on that scale. But a common pattern in capitalism is that some new pattern in capitalism is that some new pattern in capitalism is that some new technology will be developed like technology will be developed like technology will be developed like railways for example. Some people see railways for example. Some people see railways for example. Some people see the potential profitability of railways. the potential profitability of railways. the potential profitability of railways. Everybody pours in creating railways. Everybody pours in creating railways. Everybody pours in creating railways. You get too many railways built. The 90% You get too many railways built. The 90% You get too many railways built. The 90% of the companies that create the of the companies that create the of the companies that create the railways go bust. But then we all have railways go bust. But then we all have railways go bust. But then we all have these rail systems that we benefit from these rail systems that we benefit from these rail systems that we benefit from afterwards. So that's the classic uh afterwards. So that's the classic uh afterwards. So that's the classic uh pattern of Joseph Schumpeda was the pattern of Joseph Schumpeda was the pattern of Joseph Schumpeda was the person who best described that of that person who best described that of that person who best described that of that Austrian economist from the early uh Austrian economist from the early uh Austrian economist from the early uh early 20th century. So he said you'll early 20th century. So he said you'll early 20th century. So he said you'll get the the banks will finance a new get the the banks will finance a new get the the banks will finance a new investment area that investment produces investment area that investment produces investment area that investment produces a new technology which causes a boom a new technology which causes a boom a new technology which causes a boom while you're building the technology but while you're building the technology but while you're building the technology but when the technology comes online it when the technology comes online it when the technology comes online it undercuts existing businesses and causes undercuts existing businesses and causes undercuts existing businesses and causes a slump. So they boom and slump cycle a slump. So they boom and slump cycle a slump. So they boom and slump cycle and AI is a natural example of that and and AI is a natural example of that and and AI is a natural example of that and what you get is massive overinvestment what you get is massive overinvestment what you get is massive overinvestment in the first instance because everybody in the first instance because everybody in the first instance because everybody who invests in AI has the ambition of who invests in AI has the ambition of who invests in AI has the ambition of being the only AI provider on the being the only AI provider on the being the only AI provider on the planet. Therefore you get too many planet. Therefore you get too many planet. Therefore you get too many companies investing there's too much companies investing there's too much companies investing there's too much money going into it. That's what causes money going into it. That's what causes money going into it. That's what causes a boom. But then when the technology a boom. But then when the technology a boom. But then when the technology comes online because it undercuts comes online because it undercuts comes online because it undercuts existing technologies you have a slump. existing technologies you have a slump. existing technologies you have a slump. And when you look at the investment And when you look at the investment And when you look at the investment taking place at the moment, the big tech taking place at the moment, the big tech taking place at the moment, the big tech companies, Meta, Amazon, Microsoft, companies, Meta, Amazon, Microsoft, companies, Meta, Amazon, Microsoft, Alphabet, own Google, Oracle is on track Alphabet, own Google, Oracle is on track Alphabet, own Google, Oracle is on track to spend 720 billion on AI to spend 720 billion on AI to spend 720 billion on AI infrastructure in 2026 alone, which is infrastructure in 2026 alone, which is infrastructure in 2026 alone, which is less than 20% of the revenue that less than 20% of the revenue that less than 20% of the revenue that they're making. We are seeing a 5:1 they're making. We are seeing a 5:1 they're making. We are seeing a 5:1 ratio of money being spent versus money ratio of money being spent versus money ratio of money being spent versus money coming in. Yeah. coming in. Yeah. coming in. Yeah. >> Which is historically unsustainable. >> Which is historically unsustainable. >> Which is historically unsustainable. >> Yeah. And I think that's true. There >> Yeah. And I think that's true. There >> Yeah. And I think that's true. There there has to be a slump coming out of there has to be a slump coming out of there has to be a slump coming out of this. And in in a sense, that's part of this. And in in a sense, that's part of this. And in in a sense, that's part of the natural cyclical behavior of the natural cyclical behavior of the natural cyclical behavior of capitalism because if you want to make a capitalism because if you want to make a capitalism because if you want to make a profit, you've got to bring in profit, you've got to bring in profit, you've got to bring in technology that undercuts everybody technology that undercuts everybody technology that undercuts everybody you're currently rivals with. So that's you're currently rivals with. So that's you're currently rivals with. So that's the railways are a classic example the railways are a classic example the railways are a classic example there. You know, you had to get around there. You know, you had to get around there. You know, you had to get around by carriage instead. You undermine the by carriage instead. You undermine the by carriage instead. You undermine the carriage companies by bringing in the carriage companies by bringing in the carriage companies by bringing in the railways. But the ultimate benefit, railways. But the ultimate benefit, railways. But the ultimate benefit, society benefits because now you got the society benefits because now you got the society benefits because now you got the railways for transportation. So that's railways for transportation. So that's railways for transportation. So that's the same sort of thing that AI is doing the same sort of thing that AI is doing the same sort of thing that AI is doing this time around. But companies 90% of this time around. But companies 90% of this time around. But companies 90% of those companies are going to fail. those companies are going to fail. those companies are going to fail. >> I mean this is kind of what we're seeing >> I mean this is kind of what we're seeing >> I mean this is kind of what we're seeing already. So the failure rate of AI already. So the failure rate of AI already. So the failure rate of AI specific startups has hit 90% in 2026. specific startups has hit 90% in 2026. specific startups has hit 90% in 2026. >> Wow. That's luck. >> Wow. That's luck. >> Wow. That's luck. >> Yeah, you you predicted that one >> Yeah, you you predicted that one >> Yeah, you you predicted that one correctly. Significantly higher than the correctly. Significantly higher than the correctly. Significantly higher than the 70% average for general technology. 70% average for general technology. 70% average for general technology. Roughly 95% of enterprise AI pilots fail Roughly 95% of enterprise AI pilots fail Roughly 95% of enterprise AI pilots fail to move into into production when they to move into into production when they to move into into production when they incur massive cost. The other thing I incur massive cost. The other thing I incur massive cost. The other thing I think a lot about is um think a lot about is um think a lot about is um >> a lot of startups now are raising a lot >> a lot of startups now are raising a lot >> a lot of startups now are raising a lot of money at crazy crazy valuations. I of money at crazy crazy valuations. I of money at crazy crazy valuations. I can think of one particular startup I can think of one particular startup I can think of one particular startup I know they're making like a couple of know they're making like a couple of know they're making like a couple of million dollars a year. They've raised million dollars a year. They've raised million dollars a year. They've raised at a billion dollar valuation at a billion dollar valuation at a billion dollar valuation >> and because they've got the word AI on >> and because they've got the word AI on >> and because they've got the word AI on them. And the thing is them. And the thing is them. And the thing is >> because everyone's so such in a frenzy >> because everyone's so such in a frenzy >> because everyone's so such in a frenzy at the moment about AI, they're probably at the moment about AI, they're probably at the moment about AI, they're probably going to raise at a 2 billion valuation going to raise at a 2 billion valuation going to raise at a 2 billion valuation 6 months from now. 6 months from now. 6 months from now. >> When you think about what's going on >> When you think about what's going on >> When you think about what's going on there, someone somewhere is putting there, someone somewhere is putting there, someone somewhere is putting their money in their money in their money in >> and they're going to lose it all. >> and they're going to lose it all. >> and they're going to lose it all. >> And they're going to lose it all. And >> And they're going to lose it all. And >> And they're going to lose it all. And when when everybody starts losing all when when everybody starts losing all when when everybody starts losing all their money very very quickly, you see their money very very quickly, you see their money very very quickly, you see this contraction. this contraction. this contraction. >> Yeah. where everybody realizes that >> Yeah. where everybody realizes that >> Yeah. where everybody realizes that their paper gains, the gains they their paper gains, the gains they their paper gains, the gains they thought they had on paper because of thought they had on paper because of thought they had on paper because of valuation went up have just evaporated. valuation went up have just evaporated. valuation went up have just evaporated. And when you see that, you have to And when you see that, you have to And when you see that, you have to quickly count your pennies. quickly count your pennies. quickly count your pennies. >> Yeah. >> Yeah. >> Yeah. >> And get frugal >> And get frugal >> And get frugal >> and pull back in again. >> and pull back in again. >> and pull back in again. >> Pull back in again. Lay people off and >> Pull back in again. Lay people off and >> Pull back in again. Lay people off and so on and so forth. So I I actually do so on and so forth. So I I actually do so on and so forth. So I I actually do personally believe that we're probably personally believe that we're probably personally believe that we're probably within 24 months of a pretty severe within 24 months of a pretty severe within 24 months of a pretty severe contraction. And that won't just impact contraction. And that won't just impact contraction. And that won't just impact these tech oligarchs, it'll impact all these tech oligarchs, it'll impact all these tech oligarchs, it'll impact all of us in different ways. of us in different ways. of us in different ways. >> Yeah, it's a Burman bus cycle. I mean >> Yeah, it's a Burman bus cycle. I mean >> Yeah, it's a Burman bus cycle. I mean the only thing which we've experienced the only thing which we've experienced the only thing which we've experienced in our own lives which is similar would in our own lives which is similar would in our own lives which is similar would be the telecommunications bubble and be the telecommunications bubble and be the telecommunications bubble and then the internet bubble between 1990 then the internet bubble between 1990 then the internet bubble between 1990 and 2001 2002 and 2001 2002 and 2001 2002 um we don't get bubbles in the internet um we don't get bubbles in the internet um we don't get bubbles in the internet anymore because that's now a stable anymore because that's now a stable anymore because that's now a stable technology in that sense uh but it technology in that sense uh but it technology in that sense uh but it wasn't a big one this is much bigger wasn't a big one this is much bigger wasn't a big one this is much bigger >> what do we do as entrepreneurs as team >> what do we do as entrepreneurs as team >> what do we do as entrepreneurs as team members and companies what do we do at members and companies what do we do at members and companies what do we do at this moment if what you're saying is this moment if what you're saying is this moment if what you're saying is correct that there will be a correct that there will be a correct that there will be a >> a boom and bust >> a boom and bust >> a boom and bust >> a boom and bust which which I think ab >> a boom and bust which which I think ab >> a boom and bust which which I think ab every smart person that I've spoken to every smart person that I've spoken to every smart person that I've spoken to agrees that there will be a bust soon. agrees that there will be a bust soon. agrees that there will be a bust soon. >> Yeah. >> Yeah. >> Yeah. >> Their timelines vary. >> Their timelines vary. >> Their timelines vary. >> Yeah. >> Yeah. >> Yeah. >> But what does one do right now in March, >> But what does one do right now in March, >> But what does one do right now in March, April 2026 to prepare for this? April 2026 to prepare for this? April 2026 to prepare for this? >> Well, you put money aside if you can. >> Well, you put money aside if you can. >> Well, you put money aside if you can. You buy other assets you think are going You buy other assets you think are going You buy other assets you think are going to survive the the Burman bus cycle. to survive the the Burman bus cycle. to survive the the Burman bus cycle. >> Like what? >> Like what? >> Like what? >> That's the trouble. I mean, gold's been >> That's the trouble. I mean, gold's been >> That's the trouble. I mean, gold's been driven up. Gold's now been driven down. driven up. Gold's now been driven down. driven up. Gold's now been driven down. Uh people are buying Bitcoin, but Uh people are buying Bitcoin, but Uh people are buying Bitcoin, but Bitcoin is collapsing as well. uh in Bitcoin is collapsing as well. uh in Bitcoin is collapsing as well. uh in some ways you you really you can't it's some ways you you really you can't it's some ways you you really you can't it's like saying what do I do during an like saying what do I do during an like saying what do I do during an earthquake to not fall over in terms of earthquake to not fall over in terms of earthquake to not fall over in terms of insulating yourself I really can't see a insulating yourself I really can't see a insulating yourself I really can't see a way of insulating yourself from the way of insulating yourself from the way of insulating yourself from the downturn but I don't I'm not wor as downturn but I don't I'm not wor as downturn but I don't I'm not wor as worried about that as long-term worried about that as long-term worried about that as long-term consequences of AI because this is the consequences of AI because this is the consequences of AI because this is the first technology which implies you can first technology which implies you can first technology which implies you can actually virtually eliminate labor as actually virtually eliminate labor as actually virtually eliminate labor as necessary for reducing output because necessary for reducing output because necessary for reducing output because you can use AI rather than clarks you you can use AI rather than clarks you you can use AI rather than clarks you can use I know this is a long way from can use I know this is a long way from can use I know this is a long way from being feasible, but robots could replace being feasible, but robots could replace being feasible, but robots could replace process workers and then suddenly process workers and then suddenly process workers and then suddenly something which employs 70% of the something which employs 70% of the something which employs 70% of the global population is no longer global population is no longer global population is no longer necessary. And then what do you do in necessary. And then what do you do in necessary. And then what do you do in that situation? What I've seen which I that situation? What I've seen which I that situation? What I've seen which I respect coming out of the tech bros in respect coming out of the tech bros in respect coming out of the tech bros in America is they're talking in terms of America is they're talking in terms of America is they're talking in terms of universal basic income. universal basic income. universal basic income. >> You think a universal basic income is a >> You think a universal basic income is a >> You think a universal basic income is a good idea? I we should probably explain good idea? I we should probably explain good idea? I we should probably explain what that is. what that is. what that is. >> Yeah. Well, it's it's the state provides >> Yeah. Well, it's it's the state provides >> Yeah. Well, it's it's the state provides everybody with enough money to stay everybody with enough money to stay everybody with enough money to stay alive. That's the basic idea. Rather alive. That's the basic idea. Rather alive. That's the basic idea. Rather than having to work for a living at the than having to work for a living at the than having to work for a living at the minimum, you get paid an amount of money minimum, you get paid an amount of money minimum, you get paid an amount of money that means you can buy the goods and that means you can buy the goods and that means you can buy the goods and services that are necessary to stay services that are necessary to stay services that are necessary to stay alive. You don't necessarily prosper, alive. You don't necessarily prosper, alive. You don't necessarily prosper, but you get enough to survive. And so but you get enough to survive. And so but you get enough to survive. And so that's the idea of UBI. Now, at the that's the idea of UBI. Now, at the that's the idea of UBI. Now, at the moment, to survive, you got to have a moment, to survive, you got to have a moment, to survive, you got to have a job. And like that guy you mentioned is job. And like that guy you mentioned is job. And like that guy you mentioned is working at three three jobs right now. working at three three jobs right now. working at three three jobs right now. if he got a UBI, he wouldn't have to if he got a UBI, he wouldn't have to if he got a UBI, he wouldn't have to work at those three jobs. He might work work at those three jobs. He might work work at those three jobs. He might work at one or he might actually consider his at one or he might actually consider his at one or he might actually consider his own business possibilities in that own business possibilities in that own business possibilities in that situation. So, I think universal basic situation. So, I think universal basic situation. So, I think universal basic income is a necessity given what income is a necessity given what income is a necessity given what robotics and AI can do to employment. robotics and AI can do to employment. robotics and AI can do to employment. Every time I've tried to improve Every time I've tried to improve Every time I've tried to improve something in my life, like my something in my life, like my something in my life, like my businesses, my health, my relationships, businesses, my health, my relationships, businesses, my health, my relationships, I've noticed that the biggest shifts I've noticed that the biggest shifts I've noticed that the biggest shifts have come from being better informed. have come from being better informed. have come from being better informed. And when it comes to our health, most of And when it comes to our health, most of And when it comes to our health, most of us know very, very little. So when our us know very, very little. So when our us know very, very little. So when our team was approached about partnering team was approached about partnering team was approached about partnering with function health, it felt very much with function health, it felt very much with function health, it felt very much aligned. Their team has developed a way aligned. Their team has developed a way aligned. Their team has developed a way of giving you a full 360deree view of of giving you a full 360deree view of of giving you a full 360deree view of your health, many of the things that are your health, many of the things that are your health, many of the things that are going on in your body in the form of going on in your body in the form of going on in your body in the form of different tests. You do one blood draw different tests. You do one blood draw different tests. You do one blood draw and it gives you access to over 160 lab and it gives you access to over 160 lab and it gives you access to over 160 lab results, hormones, heart health, results, hormones, heart health, results, hormones, heart health, inflammation, stress, toxins, the whole inflammation, stress, toxins, the whole inflammation, stress, toxins, the whole picture. I use it and so have many of my picture. I use it and so have many of my picture. I use it and so have many of my team members. team members. team members. >> You sign up and you schedule your test >> You sign up and you schedule your test >> You sign up and you schedule your test and once you're done, you get a little and once you're done, you get a little and once you're done, you get a little report like the one I have here. I can report like the one I have here. I can report like the one I have here. I can see my in-range results, my out of range see my in-range results, my out of range see my in-range results, my out of range results, and there's a little AI results, and there's a little AI results, and there's a little AI function, too. So, if I have any function, too. So, if I have any function, too. So, if I have any questions about my out of range results, questions about my out of range results, questions about my out of range results, I can just go in there and ask it any I can just go in there and ask it any I can just go in there and ask it any question I want. And these tests are question I want. And these tests are question I want. And these tests are backed by doctors and thousands of hours backed by doctors and thousands of hours backed by doctors and thousands of hours of research. of research. of research. >> It's $365 for a yearly membership. Go to >> It's $365 for a yearly membership. Go to >> It's $365 for a yearly membership. Go to functionhealth.com/doac functionhealth.com/doac functionhealth.com/doac and use the code DOAC25 and use the code DOAC25 and use the code DOAC25 for $25 off your membership. This is for $25 off your membership. This is for $25 off your membership. This is something that I've made for you. I something that I've made for you. I something that I've made for you. I realized that the direio audience are realized that the direio audience are realized that the direio audience are strivvers. Whether it's in business or strivvers. Whether it's in business or strivvers. Whether it's in business or health, we all have big goals that we health, we all have big goals that we health, we all have big goals that we want to accomplish. And one of the want to accomplish. And one of the want to accomplish. And one of the things I've learned is that when you aim things I've learned is that when you aim things I've learned is that when you aim at the big big big goal, it can feel at the big big big goal, it can feel at the big big big goal, it can feel incredibly psychologically uncomfortable incredibly psychologically uncomfortable incredibly psychologically uncomfortable because it's kind of like being stood at because it's kind of like being stood at because it's kind of like being stood at the foot of Mount Everest and looking the foot of Mount Everest and looking the foot of Mount Everest and looking upwards. The way to accomplish your upwards. The way to accomplish your upwards. The way to accomplish your goals is by breaking them down into tiny goals is by breaking them down into tiny goals is by breaking them down into tiny small steps. And we call this in our small steps. And we call this in our small steps. And we call this in our team the 1%. And actually this team the 1%. And actually this team the 1%. And actually this philosophy is highly responsible for philosophy is highly responsible for philosophy is highly responsible for much of our success here. So what we've much of our success here. So what we've much of our success here. So what we've done so that you at home can accomplish done so that you at home can accomplish done so that you at home can accomplish any big goal that you have is we've made any big goal that you have is we've made any big goal that you have is we've made these 1% diaries and we released these these 1% diaries and we released these these 1% diaries and we released these last year and they all sold out. So I last year and they all sold out. So I last year and they all sold out. So I asked my team over and over again to asked my team over and over again to asked my team over and over again to bring the diaries back but also to bring the diaries back but also to bring the diaries back but also to introduce some new colors and to make introduce some new colors and to make introduce some new colors and to make some minor tweaks to the diary. So now some minor tweaks to the diary. So now some minor tweaks to the diary. So now we have a better range for you. So, if we have a better range for you. So, if we have a better range for you. So, if you have a big goal in mind and you need you have a big goal in mind and you need you have a big goal in mind and you need a framework and a process and some a framework and a process and some a framework and a process and some motivation, then I highly recommend you motivation, then I highly recommend you motivation, then I highly recommend you get one of these diaries before they all get one of these diaries before they all get one of these diaries before they all sell out once again. And you can get sell out once again. And you can get sell out once again. And you can get yours at the diary.com. yours at the diary.com. yours at the diary.com. And if you want the link, the link is in And if you want the link, the link is in And if you want the link, the link is in the description below. the description below. the description below. >> And you think up to 50% of working-class >> And you think up to 50% of working-class >> And you think up to 50% of working-class jobs could be wiped out because of AI jobs could be wiped out because of AI jobs could be wiped out because of AI and robotics. and robotics. and robotics. >> Yeah. >> Yeah. >> Yeah. >> I mean, that's um that's been a >> I mean, that's um that's been a >> I mean, that's um that's been a prediction from the leaders of some of prediction from the leaders of some of prediction from the leaders of some of the biggest companies in AI. I heard the the biggest companies in AI. I heard the the biggest companies in AI. I heard the the leader of Anthropic uh recently say the leader of Anthropic uh recently say the leader of Anthropic uh recently say the same thing. thinks 50% of jobs could the same thing. thinks 50% of jobs could the same thing. thinks 50% of jobs could be wiped out. I think the shocking thing be wiped out. I think the shocking thing be wiped out. I think the shocking thing that we've talked a lot about in the that we've talked a lot about in the that we've talked a lot about in the show is just, show is just, show is just, >> you know, there's been other sort of >> you know, there's been other sort of >> you know, there's been other sort of economic or industrial revolutions in economic or industrial revolutions in economic or industrial revolutions in the past that have caused for job the past that have caused for job the past that have caused for job displacement. displacement. displacement. >> Yeah. >> Yeah. >> Yeah. >> But none, I would argue at this speed. >> But none, I would argue at this speed. >> But none, I would argue at this speed. >> No. And none that can replace virtually >> No. And none that can replace virtually >> No. And none that can replace virtually everything. I see one of there's a everything. I see one of there's a everything. I see one of there's a there's a classic story I read back when there's a classic story I read back when there's a classic story I read back when I was uh talking about the global I was uh talking about the global I was uh talking about the global financial crisis uh came out of the New financial crisis uh came out of the New financial crisis uh came out of the New York Times article where they went to York Times article where they went to York Times article where they went to interview workers in an air conditioning interview workers in an air conditioning interview workers in an air conditioning factory. And there was one woman they factory. And there was one woman they factory. And there was one woman they found there whose job it was to place a found there whose job it was to place a found there whose job it was to place a thermouple inside the air conditioning thermouple inside the air conditioning thermouple inside the air conditioning units as they went past. So there's units as they went past. So there's units as they went past. So there's 3,000 of these going past her a day. 3,000 of these going past her a day. 3,000 of these going past her a day. She's just placing one of these She's just placing one of these She's just placing one of these thermouples where it needs to go inside thermouples where it needs to go inside thermouples where it needs to go inside the circuitry of the air conditioning the circuitry of the air conditioning the circuitry of the air conditioning unit. And she said, "You don't have to unit. And she said, "You don't have to unit. And she said, "You don't have to love your job as long as it pays you love your job as long as it pays you love your job as long as it pays you money." It was totally boring job. money." It was totally boring job. money." It was totally boring job. That's all she's doing. The thing is the That's all she's doing. The thing is the That's all she's doing. The thing is the reason she got that job was she couldn't reason she got that job was she couldn't reason she got that job was she couldn't make a machine to replace her because make a machine to replace her because make a machine to replace her because the air conditioning units don't the air conditioning units don't the air conditioning units don't necessarily end up precisely at the same necessarily end up precisely at the same necessarily end up precisely at the same point. To make a machine that would do point. To make a machine that would do point. To make a machine that would do that is really difficult. Now if you that is really difficult. Now if you that is really difficult. Now if you train a robot on it, the robot train a robot on it, the robot train a robot on it, the robot perception can ultimately get to the perception can ultimately get to the perception can ultimately get to the point where the robot can place that point where the robot can place that point where the robot can place that piece inside there. That particular piece inside there. That particular piece inside there. That particular unskilled job disappears. So people who unskilled job disappears. So people who unskilled job disappears. So people who work in jobs like that no longer have a work in jobs like that no longer have a work in jobs like that no longer have a possibility of getting a job. I think possibility of getting a job. I think possibility of getting a job. I think even, you know, Anthropic released a even, you know, Anthropic released a even, you know, Anthropic released a report. Anthropic are the makers of report. Anthropic are the makers of report. Anthropic are the makers of Claude. They released a report saying Claude. They released a report saying Claude. They released a report saying that entry- level positions, they're that entry- level positions, they're that entry- level positions, they're seeing a 13% decline already in people seeing a 13% decline already in people seeing a 13% decline already in people getting those entry- level jobs. And getting those entry- level jobs. And getting those entry- level jobs. And actually, as an employer, someone that actually, as an employer, someone that actually, as an employer, someone that spends literally all last night, I was spends literally all last night, I was spends literally all last night, I was looking through our inbox, our looking through our inbox, our looking through our inbox, our recruitment inboxes at candidates and recruitment inboxes at candidates and recruitment inboxes at candidates and talent. talent. talent. >> I have noticed myself changing. I've >> I have noticed myself changing. I've >> I have noticed myself changing. I've noticed that um noticed that um noticed that um people that I would have given roles to people that I would have given roles to people that I would have given roles to maybe six months ago, maybe six months ago, maybe six months ago, >> yeah, >> yeah, >> yeah, >> I now have to think long and hard about >> I now have to think long and hard about >> I now have to think long and hard about whether there's going to be technology whether there's going to be technology whether there's going to be technology that can do those exact roles instead. that can do those exact roles instead. that can do those exact roles instead. And it's it was really shocking thing. I And it's it was really shocking thing. I And it's it was really shocking thing. I was saying to the team last night at was saying to the team last night at was saying to the team last night at like 1:00 a.m. in the office, I was like 1:00 a.m. in the office, I was like 1:00 a.m. in the office, I was like, this is a prime example of a like, this is a prime example of a like, this is a prime example of a candidate. I was looking at this candidate. I was looking at this candidate. I was looking at this particular candidate that 6 months ago I particular candidate that 6 months ago I particular candidate that 6 months ago I would have bitten their hand off but now would have bitten their hand off but now would have bitten their hand off but now >> I have to pause because my innovation >> I have to pause because my innovation >> I have to pause because my innovation team in the corner of the office they're team in the corner of the office they're team in the corner of the office they're they're able to do that now with these they're able to do that now with these they're able to do that now with these AI agents instead and so I am you know AI agents instead and so I am you know AI agents instead and so I am you know you hear a lot about the theoretical you hear a lot about the theoretical you hear a lot about the theoretical impact of AI impact of AI impact of AI >> but you're actually making the decision >> but you're actually making the decision >> but you're actually making the decision yourself yourself yourself >> and then it's theory it's theory it's >> and then it's theory it's theory it's >> and then it's theory it's theory it's this thing on my Twitter feed like blah this thing on my Twitter feed like blah this thing on my Twitter feed like blah blah blah whatever you hear on a podcast blah blah whatever you hear on a podcast blah blah whatever you hear on a podcast you go blah blah blah whatever and then you go blah blah blah whatever and then you go blah blah blah whatever and then you find yourself actually behaving that you find yourself actually behaving that you find yourself actually behaving that way. way. way. >> Your behavior is changing and you're >> Your behavior is changing and you're >> Your behavior is changing and you're going, "Oh, it's very hard to know the going, "Oh, it's very hard to know the going, "Oh, it's very hard to know the types of people to hire into our types of people to hire into our types of people to hire into our company." And I've kind of almost company." And I've kind of almost company." And I've kind of almost segmented them into these two groups segmented them into these two groups segmented them into these two groups where you've got people that have very where you've got people that have very where you've got people that have very deep expertise. Yeah, deep expertise. Yeah, deep expertise. Yeah, >> I'd say it's three groups. People that >> I'd say it's three groups. People that >> I'd say it's three groups. People that have very, very deep expertise on a have very, very deep expertise on a have very, very deep expertise on a particular thing, you know, like my CFO. particular thing, you know, like my CFO. particular thing, you know, like my CFO. Group number two, I'd say, are people Group number two, I'd say, are people Group number two, I'd say, are people that are AI proficient, that are AI proficient, that are AI proficient, >> who can actually handle this stuff and >> who can actually handle this stuff and >> who can actually handle this stuff and be the people who manage the agents. be the people who manage the agents. be the people who manage the agents. >> Yes. and they can redesign our workflows >> Yes. and they can redesign our workflows >> Yes. and they can redesign our workflows across every department in the company across every department in the company across every department in the company to be agentic to be agentic to be agentic >> um the word about AI agents that's kind >> um the word about AI agents that's kind >> um the word about AI agents that's kind of like the word you use so agentic of like the word you use so agentic of like the word you use so agentic workflows and then the third group of workflows and then the third group of workflows and then the third group of people are people who have skills that people are people who have skills that people are people who have skills that are highly beneficial human to human and are highly beneficial human to human and are highly beneficial human to human and in in real life so like humanto human in in real life so like humanto human in in real life so like humanto human sales people that deal with sales people that deal with sales people that deal with relationships relationships relationships >> and are very good at it >> and are very good at it >> and are very good at it >> and are very good at it because there >> and are very good at it because there >> and are very good at it because there are still a certain type of sale where are still a certain type of sale where are still a certain type of sale where people want to meet the person shake people want to meet the person shake people want to meet the person shake their hand and say okay you're their hand and say okay you're their hand and say okay you're responsible for this deal responsible for this deal responsible for this deal >> we're still in a situation where people >> we're still in a situation where people >> we're still in a situation where people don't want agents to do that. Those are don't want agents to do that. Those are don't want agents to do that. Those are like the three groups. What I didn't say like the three groups. What I didn't say like the three groups. What I didn't say is young people who have is young people who have is young people who have >> just come out of university, maybe don't >> just come out of university, maybe don't >> just come out of university, maybe don't know anything about agents. They don't know anything about agents. They don't know anything about agents. They don't have the deep expertise yet. have the deep expertise yet. have the deep expertise yet. >> Yeah. >> Yeah. >> Yeah. >> And when you look at the data, we'll >> And when you look at the data, we'll >> And when you look at the data, we'll throw some of the data up on the screen. throw some of the data up on the screen. throw some of the data up on the screen. It appears that these sort of entrylevel It appears that these sort of entrylevel It appears that these sort of entrylevel white collar jobs are the ones that are white collar jobs are the ones that are white collar jobs are the ones that are right now suffering. Yeah. Some of these right now suffering. Yeah. Some of these right now suffering. Yeah. Some of these investment companies would hire like investment companies would hire like investment companies would hire like three or 400 analysts to look at um three or 400 analysts to look at um three or 400 analysts to look at um companies and make decisions. That is companies and make decisions. That is companies and make decisions. That is one example of a of a role that's very one example of a of a role that's very one example of a of a role that's very at risk now. We've got an investment at risk now. We've got an investment at risk now. We've got an investment fund. We need one analyst, Molly. 6 fund. We need one analyst, Molly. 6 fund. We need one analyst, Molly. 6 months ago, we were interviewing more months ago, we were interviewing more months ago, we were interviewing more analysts. We now realize that we just analysts. We now realize that we just analysts. We now realize that we just need Molly, and we need to give Molly need Molly, and we need to give Molly need Molly, and we need to give Molly AI. AI. AI. >> Yeah. >> Yeah. >> Yeah. >> And she can set up I think Molly said to >> And she can set up I think Molly said to >> And she can set up I think Molly said to me yesterday when I left the office at me yesterday when I left the office at me yesterday when I left the office at when she left the office at midnight, when she left the office at midnight, when she left the office at midnight, she's now set up three agents, these she's now set up three agents, these she's now set up three agents, these error agents error agents error agents >> as her team. Those would have been three >> as her team. Those would have been three >> as her team. Those would have been three people. people. people. >> Well, I I saw a demo of that. Like I've >> Well, I I saw a demo of that. Like I've >> Well, I I saw a demo of that. Like I've developed a software package called developed a software package called developed a software package called Ravvel uh which I've got one programmer Ravvel uh which I've got one programmer Ravvel uh which I've got one programmer for and I I teach an online course as for and I I teach an online course as for and I I teach an online course as well and I give Ravel as part of that well and I give Ravel as part of that well and I give Ravel as part of that online course and one of the members of online course and one of the members of online course and one of the members of the course said he's using an AI to the course said he's using an AI to the course said he's using an AI to build RAL models and he's also using an build RAL models and he's also using an build RAL models and he's also using an AI to write code behind Ravvel and he AI to write code behind Ravvel and he AI to write code behind Ravvel and he gave a demo this a couple of days ago gave a demo this a couple of days ago gave a demo this a couple of days ago and you know I watched it happen on and you know I watched it happen on and you know I watched it happen on screen as he built a model a simulation screen as he built a model a simulation screen as he built a model a simulation system and it was messy on one stage but system and it was messy on one stage but system and it was messy on one stage but it produced the correct mathemat atics. it produced the correct mathemat atics. it produced the correct mathemat atics. So he's showing you can actually he he's So he's showing you can actually he he's So he's showing you can actually he he's trying to tell me that we should get my trying to tell me that we should get my trying to tell me that we should get my main programmer to learn to drive agents main programmer to learn to drive agents main programmer to learn to drive agents to do the whole thing. Now my main to do the whole thing. Now my main to do the whole thing. Now my main programmer has said look there's things programmer has said look there's things programmer has said look there's things that I can do that an AI cannot do. He's that I can do that an AI cannot do. He's that I can do that an AI cannot do. He's one of your highly gifted people. And he one of your highly gifted people. And he one of your highly gifted people. And he said it wouldn't be worth my while to said it wouldn't be worth my while to said it wouldn't be worth my while to have me telling an AI what to do because have me telling an AI what to do because have me telling an AI what to do because what I lose in terms of my own what I lose in terms of my own what I lose in terms of my own initiative I can't I just sort of initiative I can't I just sort of initiative I can't I just sort of balance out. It's really a okay. But he balance out. It's really a okay. But he balance out. It's really a okay. But he hires a junior programmer. than the hires a junior programmer. than the hires a junior programmer. than the junior programmer would be one who's junior programmer would be one who's junior programmer would be one who's trained to drive the AI. trained to drive the AI. trained to drive the AI. >> I I do think programmers are fine. >> I I do think programmers are fine. >> I I do think programmers are fine. Actually, there was some stats that I Actually, there was some stats that I Actually, there was some stats that I saw the other day that showed there's saw the other day that showed there's saw the other day that showed there's been this huge demand and people trying been this huge demand and people trying been this huge demand and people trying to hire programmers. It's interesting to hire programmers. It's interesting to hire programmers. It's interesting because you hear stats from Spotify. because you hear stats from Spotify. because you hear stats from Spotify. Spotify saying, "We haven't written a Spotify saying, "We haven't written a Spotify saying, "We haven't written a human line of code since December." human line of code since December." human line of code since December." >> And I'm very good friends with the guys >> And I'm very good friends with the guys >> And I'm very good friends with the guys at Spotify. I was actually with the CEO at Spotify. I was actually with the CEO at Spotify. I was actually with the CEO the other day, a couple of weeks ago in the other day, a couple of weeks ago in the other day, a couple of weeks ago in in Austin. And you you hear that and I in Austin. And you you hear that and I in Austin. And you you hear that and I did check that with them. That's true. did check that with them. That's true. did check that with them. That's true. >> So, you assume that that means we don't >> So, you assume that that means we don't >> So, you assume that that means we don't need programmers anymore. But if you need programmers anymore. But if you need programmers anymore. But if you think about like Jeban's paradox, when think about like Jeban's paradox, when think about like Jeban's paradox, when something becomes, you know, Jeb's something becomes, you know, Jeb's something becomes, you know, Jeb's paradox is the old analogy, paradox is the old analogy, paradox is the old analogy, >> cheaper, you use more of it. Yeah. >> cheaper, you use more of it. Yeah. >> cheaper, you use more of it. Yeah. >> Yeah. So like when coal became cheaper, >> Yeah. So like when coal became cheaper, >> Yeah. So like when coal became cheaper, people were worried that maybe the coal people were worried that maybe the coal people were worried that maybe the coal industry was out of business or trains, industry was out of business or trains, industry was out of business or trains, whatever. But actually what ended up whatever. But actually what ended up whatever. But actually what ended up happening is people just drove more happening is people just drove more happening is people just drove more trains and they used them for other trains and they used them for other trains and they used them for other things like transport. And the same things like transport. And the same things like transport. And the same applies, I think, for AI. When applies, I think, for AI. When applies, I think, for AI. When >> creating technology becomes easier, >> creating technology becomes easier, >> creating technology becomes easier, every company starts using more every company starts using more every company starts using more technology. So media companies, lawyers, technology. So media companies, lawyers, technology. So media companies, lawyers, you name the company, executive you name the company, executive you name the company, executive assistants, they all become coders. And assistants, they all become coders. And assistants, they all become coders. And actually the demand for highly for actually the demand for highly for actually the demand for highly for really anyone who knows how to code or really anyone who knows how to code or really anyone who knows how to code or program it, program it, program it, >> we're seeing it. It's exploding. >> we're seeing it. It's exploding. >> we're seeing it. It's exploding. >> Yeah. >> Yeah. >> Yeah. >> But I just think the job disruption in >> But I just think the job disruption in >> But I just think the job disruption in the near for most people is going to be the near for most people is going to be the near for most people is going to be pretty pretty pretty >> Yeah. I mean there's ways in which AI >> Yeah. I mean there's ways in which AI >> Yeah. I mean there's ways in which AI and robotics should be welcomed and robotics should be welcomed and robotics should be welcomed >> because it means the possibility exists >> because it means the possibility exists >> because it means the possibility exists and it's only a possibility that we can and it's only a possibility that we can and it's only a possibility that we can no longer have to be exploited to get an no longer have to be exploited to get an no longer have to be exploited to get an income because if you look at the income because if you look at the income because if you look at the Marxist attitude towards capitalism as a Marxist attitude towards capitalism as a Marxist attitude towards capitalism as a cap workers capitalists exploit the cap workers capitalists exploit the cap workers capitalists exploit the workers. Okay. Um the real world is workers. Okay. Um the real world is workers. Okay. Um the real world is we've been exploiting energy we've been exploiting energy we've been exploiting energy >> mutually both labor and capital exploits >> mutually both labor and capital exploits >> mutually both labor and capital exploits energy. We could have a future where we energy. We could have a future where we energy. We could have a future where we don't have to work for a living and don't have to work for a living and don't have to work for a living and therefore you could do what you want to therefore you could do what you want to therefore you could do what you want to do for a living. That it's a Star Trek do for a living. That it's a Star Trek do for a living. That it's a Star Trek future. That's that's the possibility future. That's that's the possibility future. That's that's the possibility that it promises. But at the same time, that it promises. But at the same time, that it promises. But at the same time, uh it could actually eliminate the jobs uh it could actually eliminate the jobs uh it could actually eliminate the jobs that people currently rely upon. And that people currently rely upon. And that people currently rely upon. And what I fear is we have two what I fear is we have two what I fear is we have two possibilities. We have a future where possibilities. We have a future where possibilities. We have a future where Star Trek's high future where you have Star Trek's high future where you have Star Trek's high future where you have replicators that make the goods and we replicators that make the goods and we replicators that make the goods and we consume and and we all live a energy consume and and we all live a energy consume and and we all live a energy abundant life. uh or the hunger games abundant life. uh or the hunger games abundant life. uh or the hunger games where there's one little elite that gets where there's one little elite that gets where there's one little elite that gets has all the robots and lives extremely has all the robots and lives extremely has all the robots and lives extremely well and we tolerate and oppress the well and we tolerate and oppress the well and we tolerate and oppress the vast majority and they end up you know vast majority and they end up you know vast majority and they end up you know hunger game entertainment those are the hunger game entertainment those are the hunger game entertainment those are the two possibilities we face two possibilities we face two possibilities we face >> I do think the cost of goods and >> I do think the cost of goods and >> I do think the cost of goods and services will come down which is great services will come down which is great services will come down which is great >> I think robotics you know if Elon is >> I think robotics you know if Elon is >> I think robotics you know if Elon is right and I often say with Elon like his right and I often say with Elon like his right and I often say with Elon like his timelines are not always accurate but he timelines are not always accurate but he timelines are not always accurate but he does tend to deliver magic does tend to deliver magic does tend to deliver magic >> he ultimately delivers but it you know >> he ultimately delivers but it you know >> he ultimately delivers but it you know he always overpromises and delivers he always overpromises and delivers he always overpromises and delivers later than he plans. later than he plans. later than he plans. >> And if he's right about when he says >> And if he's right about when he says >> And if he's right about when he says there's going to be more humanoid there's going to be more humanoid there's going to be more humanoid robots, his Optimus robots, than humans, robots, his Optimus robots, than humans, robots, his Optimus robots, than humans, and he says also in his predictions that and he says also in his predictions that and he says also in his predictions that there's going to be no need to study to there's going to be no need to study to there's going to be no need to study to be a surgeon because the robots are be a surgeon because the robots are be a surgeon because the robots are going to be so much more uh advanced and going to be so much more uh advanced and going to be so much more uh advanced and better than any living surgeon, that better than any living surgeon, that better than any living surgeon, that would imply that surgery and other sort would imply that surgery and other sort would imply that surgery and other sort of medical diagnoses and procedures are of medical diagnoses and procedures are of medical diagnoses and procedures are going to be incredibly cheap, incredibly going to be incredibly cheap, incredibly going to be incredibly cheap, incredibly quick. Great. quick. Great. quick. Great. >> How do you pay for them? That's the next >> How do you pay for them? That's the next >> How do you pay for them? That's the next question. Yeah. So, yeah. How do you pay question. Yeah. So, yeah. How do you pay question. Yeah. So, yeah. How do you pay for them? And do people want to, you for them? And do people want to, you for them? And do people want to, you know, know, know, >> it's also it's also the physical >> it's also it's also the physical >> it's also it's also the physical requirements. I mean, the amount of requirements. I mean, the amount of requirements. I mean, the amount of copper inside a robot, you're talking, copper inside a robot, you're talking, copper inside a robot, you're talking, you know, several kilos per robot. Um, you know, several kilos per robot. Um, you know, several kilos per robot. Um, do we have enough to produce 8 billion do we have enough to produce 8 billion do we have enough to produce 8 billion of them? of them? of them? >> And maybe, you know, surgeons do much >> And maybe, you know, surgeons do much >> And maybe, you know, surgeons do much more than just operate. more than just operate. more than just operate. >> Yeah. >> Yeah. >> Yeah. >> There's a human element to the medical >> There's a human element to the medical >> There's a human element to the medical profession, which I think is sometimes profession, which I think is sometimes profession, which I think is sometimes unappreciated. Like, I would I don't unappreciated. Like, I would I don't unappreciated. Like, I would I don't know if I'm quite ready to go talk to a know if I'm quite ready to go talk to a know if I'm quite ready to go talk to a robot about my health yet. Maybe I'll robot about my health yet. Maybe I'll robot about my health yet. Maybe I'll adjust. I wanted to come back to adjust. I wanted to come back to adjust. I wanted to come back to something you actually said earlier. You something you actually said earlier. You something you actually said earlier. You talked about Bitcoin briefly. I've heard talked about Bitcoin briefly. I've heard talked about Bitcoin briefly. I've heard you say that you think Bitcoin is going you say that you think Bitcoin is going you say that you think Bitcoin is going to zero. to zero. to zero. >> Yeah. >> Yeah. >> Yeah. >> Okay. This is worrying. I think I have >> Okay. This is worrying. I think I have >> Okay. This is worrying. I think I have some Bitcoin. some Bitcoin. some Bitcoin. >> You're an economist. You're saying that >> You're an economist. You're saying that >> You're an economist. You're saying that Bitcoin is going to zero. Why? Bitcoin is going to zero. Why? Bitcoin is going to zero. Why? >> Because ultimately because of its >> Because ultimately because of its >> Because ultimately because of its reliance upon energy. I mean I you know reliance upon energy. I mean I you know reliance upon energy. I mean I you know you Max you Max Kaiser and Stacy you Max you Max Kaiser and Stacy you Max you Max Kaiser and Stacy Herbert. Have you met them at all? No. Herbert. Have you met them at all? No. Herbert. Have you met them at all? No. They were sort of the original They were sort of the original They were sort of the original proletizers for Bitcoin and they're now proletizers for Bitcoin and they're now proletizers for Bitcoin and they're now living in I think El Salvador um which living in I think El Salvador um which living in I think El Salvador um which is adopted Bitcoin as a form of is adopted Bitcoin as a form of is adopted Bitcoin as a form of currency. When they told me about currency. When they told me about currency. When they told me about Bitcoin, I could have bought it for a Bitcoin, I could have bought it for a Bitcoin, I could have bought it for a pound a bitcoin which would have been I pound a bitcoin which would have been I pound a bitcoin which would have been I would have been bloody would be would have been bloody would be would have been bloody would be wealthier than you if I'd done that. The wealthier than you if I'd done that. The wealthier than you if I'd done that. The reason I didn't was they explained that reason I didn't was they explained that reason I didn't was they explained that the way that the public ledger is kept the way that the public ledger is kept the way that the public ledger is kept safe is that it takes too much energy to safe is that it takes too much energy to safe is that it takes too much energy to break it. So each transaction requires break it. So each transaction requires break it. So each transaction requires 10 minutes of computer processing time 10 minutes of computer processing time 10 minutes of computer processing time globally by the looks of it to actually globally by the looks of it to actually globally by the looks of it to actually create an extra bitcoin and that means create an extra bitcoin and that means create an extra bitcoin and that means it's too expensive for somebody to try it's too expensive for somebody to try it's too expensive for somebody to try to break the ledger. That means it's got to break the ledger. That means it's got to break the ledger. That means it's got a huge requirement for energy use and I a huge requirement for energy use and I a huge requirement for energy use and I believe knowing what I know from climate believe knowing what I know from climate believe knowing what I know from climate scientists that at some point we're scientists that at some point we're scientists that at some point we're going to realize we're using far too going to realize we're using far too going to realize we're using far too much energy on the planet. We've got to much energy on the planet. We've got to much energy on the planet. We've got to cut the energy consumption and the two cut the energy consumption and the two cut the energy consumption and the two easiest things to cut out to reduce easiest things to cut out to reduce easiest things to cut out to reduce energy consumption are cryptocurrencies energy consumption are cryptocurrencies energy consumption are cryptocurrencies and international travel. and international travel. and international travel. >> But aren't you saying that, you know, >> But aren't you saying that, you know, >> But aren't you saying that, you know, nuclear energy is becoming vogue again? nuclear energy is becoming vogue again? nuclear energy is becoming vogue again? And they're talking a lot, you know, And they're talking a lot, you know, And they're talking a lot, you know, about about about >> it's the amount of time it takes to >> it's the amount of time it takes to >> it's the amount of time it takes to build that stuff. I mean, China is build that stuff. I mean, China is build that stuff. I mean, China is building nuclear power stations at a building nuclear power stations at a building nuclear power stations at a hell of a rate and much much cheaper, hell of a rate and much much cheaper, hell of a rate and much much cheaper, more cheaply than America is doing. more cheaply than America is doing. more cheaply than America is doing. >> Solar has become a big topic of >> Solar has become a big topic of >> Solar has become a big topic of conversation. conversation. conversation. >> Yeah. Again, there's a guy called Simon >> Yeah. Again, there's a guy called Simon >> Yeah. Again, there's a guy called Simon Machau, whom I recommend you get in Machau, whom I recommend you get in Machau, whom I recommend you get in touch with as well. And Simon is an touch with as well. And Simon is an touch with as well. And Simon is an engineer who claims that we simply don't engineer who claims that we simply don't engineer who claims that we simply don't have the physical minerals necessary to have the physical minerals necessary to have the physical minerals necessary to support a completely solar and support a completely solar and support a completely solar and wind-based wind-based wind-based energy system. He's got people who energy system. He's got people who energy system. He's got people who criticize his analysis definitely, but criticize his analysis definitely, but criticize his analysis definitely, but we still are using far more physical we still are using far more physical we still are using far more physical resources than we're aware of at the resources than we're aware of at the resources than we're aware of at the moment on the planet. And the moment on the planet. And the moment on the planet. And the availability of various critical availability of various critical availability of various critical elements that we need for the system we elements that we need for the system we elements that we need for the system we have right now, it's much less abundant have right now, it's much less abundant have right now, it's much less abundant than we would like it to be. So, a lot than we would like it to be. So, a lot than we would like it to be. So, a lot of these things about, you know, of these things about, you know, of these things about, you know, robotics taken over, do we have the robotics taken over, do we have the robotics taken over, do we have the minerals for it? Solar power, do we have minerals for it? Solar power, do we have minerals for it? Solar power, do we have the minerals? The answer is is not is the minerals? The answer is is not is the minerals? The answer is is not is not yes. Okay. Sometimes the answer is not yes. Okay. Sometimes the answer is not yes. Okay. Sometimes the answer is no. Other times it's it's dubious. But I no. Other times it's it's dubious. But I no. Other times it's it's dubious. But I think that energy requirement alone is a think that energy requirement alone is a think that energy requirement alone is a problem. problem. problem. >> You're saying that we're going to have >> You're saying that we're going to have >> You're saying that we're going to have we're going to have to cut back on our we're going to have to cut back on our we're going to have to cut back on our energy consumption. energy consumption. energy consumption. >> But I mean the direction of travel has >> But I mean the direction of travel has >> But I mean the direction of travel has been we've been able to produce more and been we've been able to produce more and been we've been able to produce more and more and more and more energy more and more and more energy more and more and more energy >> and we're dumping it into the >> and we're dumping it into the >> and we're dumping it into the environment. The planet the problem environment. The planet the problem environment. The planet the problem about the use of energy is it's about the use of energy is it's about the use of energy is it's happening on a planet. Okay. Can the happening on a planet. Okay. Can the happening on a planet. Okay. Can the biosphere cope with the waste that we biosphere cope with the waste that we biosphere cope with the waste that we dump into it as a result of using that dump into it as a result of using that dump into it as a result of using that energy? And that is something which energy? And that is something which energy? And that is something which economists are completely stupid on economists are completely stupid on economists are completely stupid on beyond stupid. They've trivialized the beyond stupid. They've trivialized the beyond stupid. They've trivialized the dangers of the amount of resources we dangers of the amount of resources we dangers of the amount of resources we use and the amount of energy we use. So use and the amount of energy we use. So use and the amount of energy we use. So I don't think that energy future is I don't think that energy future is I don't think that energy future is possible on this biosphere at the possible on this biosphere at the possible on this biosphere at the moment. It's possible in the future if moment. It's possible in the future if moment. It's possible in the future if we get off the biosphere. So in that we get off the biosphere. So in that we get off the biosphere. So in that sense I'm even more of a space cadet sense I'm even more of a space cadet sense I'm even more of a space cadet than Elon Musk is. I think we have to than Elon Musk is. I think we have to than Elon Musk is. I think we have to plan to take production off planet, but plan to take production off planet, but plan to take production off planet, but while we're constrained on the while we're constrained on the while we're constrained on the biosphere, the biosphere's constraints biosphere, the biosphere's constraints biosphere, the biosphere's constraints will stop us using as much energy as we will stop us using as much energy as we will stop us using as much energy as we used wish to use. used wish to use. used wish to use. >> What are you what are your closing >> What are you what are your closing >> What are you what are your closing statements on this whole situation with statements on this whole situation with statements on this whole situation with the war and Iran and everything that's the war and Iran and everything that's the war and Iran and everything that's going on from a geopolitical going on from a geopolitical going on from a geopolitical perspective? perspective? perspective? >> Basic thing is our system is far more >> Basic thing is our system is far more >> Basic thing is our system is far more fragile than we've convinced oursel that fragile than we've convinced oursel that fragile than we've convinced oursel that it is. And we can make observations it is. And we can make observations it is. And we can make observations about potential futures which presume a about potential futures which presume a about potential futures which presume a robustness we don't have. And if that robustness we don't have. And if that robustness we don't have. And if that robustness is destroyed either by robustness is destroyed either by robustness is destroyed either by military conflict or by overextending military conflict or by overextending military conflict or by overextending what we put into the biosphere, then we what we put into the biosphere, then we what we put into the biosphere, then we can fall off what's called the Senica can fall off what's called the Senica can fall off what's called the Senica cliff. We can go from an abundant future cliff. We can go from an abundant future cliff. We can go from an abundant future to a collapse. to a collapse. to a collapse. >> And what would you say the people at >> And what would you say the people at >> And what would you say the people at home should be doing to course correct home should be doing to course correct home should be doing to course correct the path that you think we're on? the path that you think we're on? the path that you think we're on? >> Stop electing fools. >> Stop electing fools. >> Stop electing fools. Um, electing Trump was an enormous Um, electing Trump was an enormous Um, electing Trump was an enormous mistake. We've got politicians who mistake. We've got politicians who mistake. We've got politicians who follow what's called neoliberal follow what's called neoliberal follow what's called neoliberal political philosophies. Therefore, put political philosophies. Therefore, put political philosophies. Therefore, put us in this problem. It hasn't worked. We us in this problem. It hasn't worked. We us in this problem. It hasn't worked. We need to reverse back to having a need to reverse back to having a need to reverse back to having a humanoriented and physically realistic humanoriented and physically realistic humanoriented and physically realistic view of how the economy managed should view of how the economy managed should view of how the economy managed should be managed and how the biosphere should be managed and how the biosphere should be managed and how the biosphere should be managed. We have to take care of our be managed. We have to take care of our be managed. We have to take care of our home and in a central sense we're home and in a central sense we're home and in a central sense we're destroying our home and thinking we can destroying our home and thinking we can destroying our home and thinking we can keep on doing that indefinitely. We keep on doing that indefinitely. We keep on doing that indefinitely. We can't. Our poem is planet earth. Planet can't. Our poem is planet earth. Planet can't. Our poem is planet earth. Planet earth has got physical restraints. We earth has got physical restraints. We earth has got physical restraints. We haven't respected them. Planet earth haven't respected them. Planet earth haven't respected them. Planet earth will tell us what it thinks of that this will tell us what it thinks of that this will tell us what it thinks of that this century. century. century. >> And which leaders do you think we should >> And which leaders do you think we should >> And which leaders do you think we should be electing? Do you think we should be be electing? Do you think we should be be electing? Do you think we should be electing? electing? electing? >> I don't think I I think even lifting >> I don't think I I think even lifting >> I don't think I I think even lifting leaders itself is a mistake because what leaders itself is a mistake because what leaders itself is a mistake because what we then do is end up getting we we we then do is end up getting we we we then do is end up getting we we pander to narcissists. We pander to pander to narcissists. We pander to pander to narcissists. We pander to people who believe they can solve all people who believe they can solve all people who believe they can solve all our problems. We end up with our problems. We end up with our problems. We end up with megalomaniacs making decisions. If you megalomaniacs making decisions. If you megalomaniacs making decisions. If you look back at where Athenian democracy look back at where Athenian democracy look back at where Athenian democracy came from, Athenanian democracy didn't came from, Athenanian democracy didn't came from, Athenanian democracy didn't use elections. It used a process of like use elections. It used a process of like use elections. It used a process of like random number generators to select random number generators to select random number generators to select intelligent people to fulfill essential intelligent people to fulfill essential intelligent people to fulfill essential roles in those societies. And they they roles in those societies. And they they roles in those societies. And they they weren't even people you got to know by weren't even people you got to know by weren't even people you got to know by name in that sense. We know Trump here, name in that sense. We know Trump here, name in that sense. We know Trump here, we know Star here, we have Albanesei we know Star here, we have Albanesei we know Star here, we have Albanesei over here. We end up getting narcissists over here. We end up getting narcissists over here. We end up getting narcissists and megalomaniacs and megalomaniacs and megalomaniacs directing us and they're the last people directing us and they're the last people directing us and they're the last people you need to make decisions. you need to make decisions. you need to make decisions. >> When you're thinking about your own >> When you're thinking about your own >> When you're thinking about your own money as an economist, what are you money as an economist, what are you money as an economist, what are you doing to protect your doing to protect your doing to protect your >> I'm not doing much. I mean, I I've been >> I'm not doing much. I mean, I I've been >> I'm not doing much. I mean, I I've been I've been a a crusader for reforming I've been a a crusader for reforming I've been a a crusader for reforming economic theory. For my whole life, I've economic theory. For my whole life, I've economic theory. For my whole life, I've sort of neglected this side of things to sort of neglected this side of things to sort of neglected this side of things to my detriment, I've got to say. Um, but I my detriment, I've got to say. Um, but I my detriment, I've got to say. Um, but I really am focused on what's sustainable really am focused on what's sustainable really am focused on what's sustainable for everybody rather than what I can for everybody rather than what I can for everybody rather than what I can make as my own cut. And I don't think make as my own cut. And I don't think make as my own cut. And I don't think we've got a sustainable economy at the we've got a sustainable economy at the we've got a sustainable economy at the moment. We have a philosophy of moment. We have a philosophy of moment. We have a philosophy of economics which leads to breakdowns. economics which leads to breakdowns. economics which leads to breakdowns. >> I'm asking that cuz I've got so many >> I'm asking that cuz I've got so many >> I'm asking that cuz I've got so many friends and listeners that ask me often friends and listeners that ask me often friends and listeners that ask me often like, should I be buying a house right like, should I be buying a house right like, should I be buying a house right now? Do you think I should be investing now? Do you think I should be investing now? Do you think I should be investing in gold? Do you think I should be saving in gold? Do you think I should be saving in gold? Do you think I should be saving my money? Should I be, I don't know, my money? Should I be, I don't know, my money? Should I be, I don't know, investing in technology companies? investing in technology companies? investing in technology companies? >> Yeah. >> Yeah. >> Yeah. >> And I'm wondering if you had a >> And I'm wondering if you had a >> And I'm wondering if you had a perspective for them. perspective for them. perspective for them. >> Not on that. No. like I've I've really >> Not on that. No. like I've I've really >> Not on that. No. like I've I've really left that area alone. I'm I'm actually left that area alone. I'm I'm actually left that area alone. I'm I'm actually looking at the overall system and saying looking at the overall system and saying looking at the overall system and saying how do we make the system sustainable so how do we make the system sustainable so how do we make the system sustainable so that people can live within it and what that people can live within it and what that people can live within it and what we've got is an unsustainable system and we've got is an unsustainable system and we've got is an unsustainable system and you're asking me how do people survive you're asking me how do people survive you're asking me how do people survive within an unsustainable system? Answer within an unsustainable system? Answer within an unsustainable system? Answer is they don't. We always think we can do is they don't. We always think we can do is they don't. We always think we can do something at the individual level to something at the individual level to something at the individual level to cope with what's happening in the system cope with what's happening in the system cope with what's happening in the system around us that only works if the system around us that only works if the system around us that only works if the system around us is stable. around us is stable. around us is stable. >> What is a better system then? Uh I think >> What is a better system then? Uh I think >> What is a better system then? Uh I think I think what China has done is a better I think what China has done is a better I think what China has done is a better in a better direction. They have a they in a better direction. They have a they in a better direction. They have a they have a collective focus as well as an have a collective focus as well as an have a collective focus as well as an individual focus. individual focus. individual focus. >> What's their system called? >> What's their system called? >> What's their system called? >> It's called communist. >> It's called communist. >> It's called communist. >> So you think communism is better than >> So you think communism is better than >> So you think communism is better than capitalism? capitalism? capitalism? >> I think a system which reflects the need >> I think a system which reflects the need >> I think a system which reflects the need for a cohesive society as well as for a cohesive society as well as for a cohesive society as well as individual gain is needed and the system individual gain is needed and the system individual gain is needed and the system in China is closer to that than the in China is closer to that than the in China is closer to that than the system in America. in in China. Listen, system in America. in in China. Listen, system in America. in in China. Listen, I don't know a ton about this, but they I don't know a ton about this, but they I don't know a ton about this, but they have a leader who stays in power and have a leader who stays in power and have a leader who stays in power and >> that's one that's the potential weakness >> that's one that's the potential weakness >> that's one that's the potential weakness >> and suppresses the people's decision-m >> and suppresses the people's decision-m >> and suppresses the people's decision-m entrepreneurialism. entrepreneurialism. entrepreneurialism. >> Equally, you've got a system to get into >> Equally, you've got a system to get into >> Equally, you've got a system to get into the Communist Party. You've got to have the Communist Party. You've got to have the Communist Party. You've got to have uh highly you've got to be educated to uh highly you've got to be educated to uh highly you've got to be educated to get in and you have to perform to some get in and you have to perform to some get in and you have to perform to some extent in the region in which you begin extent in the region in which you begin extent in the region in which you begin your role. your role. your role. >> But you're not saying you think the West >> But you're not saying you think the West >> But you're not saying you think the West should adopt communism, are you? No, I'm should adopt communism, are you? No, I'm should adopt communism, are you? No, I'm saying that is west should adopt a saying that is west should adopt a saying that is west should adopt a system which reflects the need for a system which reflects the need for a system which reflects the need for a cohesive society. cohesive society. cohesive society. >> Is that socialism? >> Is that socialism? >> Is that socialism? >> Socialism is closer to it. I mean I the >> Socialism is closer to it. I mean I the >> Socialism is closer to it. I mean I the words are all tainted. Okay. If you go words are all tainted. Okay. If you go words are all tainted. Okay. If you go back, you know, do you eat Cadbury's back, you know, do you eat Cadbury's back, you know, do you eat Cadbury's chocolate? chocolate? chocolate? >> I try not to. >> I try not to. >> I try not to. >> You have, haven't you? Okay. Cadbury's >> You have, haven't you? Okay. Cadbury's >> You have, haven't you? Okay. Cadbury's was a socialist enterprise. Okay. It was was a socialist enterprise. Okay. It was was a socialist enterprise. Okay. It was formed as a a belief we have one who formed as a a belief we have one who formed as a a belief we have one who could work as the best possible could work as the best possible could work as the best possible situation while also selling a situation while also selling a situation while also selling a profitable product. Mondreon in Spain is profitable product. Mondreon in Spain is profitable product. Mondreon in Spain is another cooperative started by a another cooperative started by a another cooperative started by a Catholic priest. Uh of all things we Catholic priest. Uh of all things we Catholic priest. Uh of all things we tend to be very binary in the west. We tend to be very binary in the west. We tend to be very binary in the west. We say you either have competition or you say you either have competition or you say you either have competition or you have cooperation. Okay. Well, you need have cooperation. Okay. Well, you need have cooperation. Okay. Well, you need to be more like the east in the sense of to be more like the east in the sense of to be more like the east in the sense of the idea of ying and nang. You have to the idea of ying and nang. You have to the idea of ying and nang. You have to have both. Okay, cooperation and have both. Okay, cooperation and have both. Okay, cooperation and competition. competition. competition. >> And so that view is the closest thing is >> And so that view is the closest thing is >> And so that view is the closest thing is socialism. socialism. socialism. >> The closest to socialism. And what China >> The closest to socialism. And what China >> The closest to socialism. And what China has done that better than Russia. You go has done that better than Russia. You go has done that better than Russia. You go back to the USSR. uh that was they they back to the USSR. uh that was they they back to the USSR. uh that was they they were disastrous in terms of product were disastrous in terms of product were disastrous in terms of product development. China's been extremely development. China's been extremely development. China's been extremely successful on that front. They've successful on that front. They've successful on that front. They've learned from the mistakes of being too learned from the mistakes of being too learned from the mistakes of being too centralized and too top down in Russia centralized and too top down in Russia centralized and too top down in Russia to have both the top down and the bottom to have both the top down and the bottom to have both the top down and the bottom up dynamic going on. up dynamic going on. up dynamic going on. >> What's wrong with capitalism? And >> What's wrong with capitalism? And >> What's wrong with capitalism? And capitalism is what the UK and the US capitalism is what the UK and the US capitalism is what the UK and the US have adopted as their sort of economic have adopted as their sort of economic have adopted as their sort of economic model. model. model. >> It's seeing competition absolutely >> It's seeing competition absolutely >> It's seeing competition absolutely ruling and ignoring cooperation. Now the ruling and ignoring cooperation. Now the ruling and ignoring cooperation. Now the real the successful society combines real the successful society combines real the successful society combines both. You have cooperation, you also both. You have cooperation, you also both. You have cooperation, you also have competition. And we've pushed it have competition. And we've pushed it have competition. And we've pushed it far too far in the competitive end and far too far in the competitive end and far too far in the competitive end and not enough in the cooperative. And what not enough in the cooperative. And what not enough in the cooperative. And what comes out of that as well is this cooper comes out of that as well is this cooper comes out of that as well is this cooper competitive tends to be short-term competitive tends to be short-term competitive tends to be short-term focus. What can I make a profit out of focus. What can I make a profit out of focus. What can I make a profit out of in time that the money that I've in time that the money that I've in time that the money that I've borrowed is I'm going to be able to make borrowed is I'm going to be able to make borrowed is I'm going to be able to make more of a profit than the interest I'm more of a profit than the interest I'm more of a profit than the interest I'm paying on the money I've I've created. paying on the money I've I've created. paying on the money I've I've created. And if the interest if the longer it And if the interest if the longer it And if the interest if the longer it takes to get the the repayment, the less takes to get the the repayment, the less takes to get the the repayment, the less likely you are to make the investment. likely you are to make the investment. likely you are to make the investment. So what you get is a focus upon So what you get is a focus upon So what you get is a focus upon short-term with just a market system short-term with just a market system short-term with just a market system whereas with the long term you say whereas with the long term you say whereas with the long term you say what's going to last for 100 years and what's going to last for 100 years and what's going to last for 100 years and like and what that means is you build like and what that means is you build like and what that means is you build the infrastructure for the long term the infrastructure for the long term the infrastructure for the long term while you allow competition to occur in while you allow competition to occur in while you allow competition to occur in the short term. It's getting the balance the short term. It's getting the balance the short term. It's getting the balance right. We've got the balance extremely right. We've got the balance extremely right. We've got the balance extremely wrong. wrong. wrong. >> Professor Steve, thank you. I highly >> Professor Steve, thank you. I highly >> Professor Steve, thank you. I highly recommend people go check out your recommend people go check out your recommend people go check out your YouTube channel where you make videos YouTube channel where you make videos YouTube channel where you make videos all the time about what's going on in all the time about what's going on in all the time about what's going on in the world. to give your opinion on the world. to give your opinion on the world. to give your opinion on economic issues, political issues, the economic issues, political issues, the economic issues, political issues, the Iran war. So, if people are listening Iran war. So, if people are listening Iran war. So, if people are listening and they want to learn more from and they want to learn more from and they want to learn more from Professor Steve, then look down below Professor Steve, then look down below Professor Steve, then look down below and you should see his YouTube channel and you should see his YouTube channel and you should see his YouTube channel linked um next to our name because we're linked um next to our name because we're linked um next to our name because we're going to try and collaborate on this going to try and collaborate on this going to try and collaborate on this post and I'll put you the the link to post and I'll put you the the link to post and I'll put you the the link to your channel in the description below your channel in the description below your channel in the description below for anyone that wants to check you out for anyone that wants to check you out for anyone that wants to check you out and subscribe. It's so fascinating, and subscribe. It's so fascinating, and subscribe. It's so fascinating, especially the stuff about around the especially the stuff about around the especially the stuff about around the raw materials coming out the raw materials coming out the raw materials coming out the straightforward because I really had no straightforward because I really had no straightforward because I really had no idea. I it's just it's quite staggering idea. I it's just it's quite staggering idea. I it's just it's quite staggering to me that we're so dependent on one to me that we're so dependent on one to me that we're so dependent on one region of the world and I think from region of the world and I think from region of the world and I think from watching your videos over the last watching your videos over the last watching your videos over the last couple of weeks, couple of weeks, couple of weeks, >> it's really made me understand the >> it's really made me understand the >> it's really made me understand the unintended consequences of war unintended consequences of war unintended consequences of war generally, but specifically this war in generally, but specifically this war in generally, but specifically this war in Iran. Iran. Iran. >> Um, so thank you for turning the lights >> Um, so thank you for turning the lights >> Um, so thank you for turning the lights on for me. I really, really appreciate on for me. I really, really appreciate on for me. I really, really appreciate this and I hope we can meet again soon this and I hope we can meet again soon this and I hope we can meet again soon and have a conversation and hopefully, and have a conversation and hopefully, and have a conversation and hopefully, you know, this all resolves itself in a you know, this all resolves itself in a you know, this all resolves itself in a way that's good for everybody. way that's good for everybody. way that's good for everybody. >> I hope so. I I'm having my 73rd birthday >> I hope so. I I'm having my 73rd birthday >> I hope so. I I'm having my 73rd birthday tomorrow. Oh, I might have 74th as well, tomorrow. Oh, I might have 74th as well, tomorrow. Oh, I might have 74th as well, but I think there's a question mark over but I think there's a question mark over but I think there's a question mark over that now. that now. that now. >> Well, I did hear it was your birthday >> Well, I did hear it was your birthday >> Well, I did hear it was your birthday tomorrow. tomorrow. tomorrow. >> I think the team have gotten you a >> I think the team have gotten you a >> I think the team have gotten you a little something. little something. little something. >> Okay. >> Okay. >> Okay. >> Happy birthday >> Happy birthday >> Happy birthday to you. to you. to you. >> I'm embarrassed. >> I'm embarrassed. >> I'm embarrassed. >> Happy birthday. >> Happy birthday. >> Happy birthday. >> Oh my god. >> Oh my god. >> Oh my god. >> Happy birthday. >> Happy birthday. >> Happy birthday. >> My god. Thank you. >> My god. Thank you. >> My god. Thank you. Happy birthday to you. Happy birthday to you. Happy birthday to you. >> Holy hell. I'm missing. >> Holy hell. I'm missing. >> Holy hell. I'm missing. >> Thank you. Should I blow the candles >> Thank you. Should I blow the candles >> Thank you. Should I blow the candles out? out? out? >> Yes, you should. >> Yes, you should. >> Yes, you should. >> Okay, you get a wish. >> Okay, you get a wish. >> Okay, you get a wish. >> You blew them all out, so you get a >> You blew them all out, so you get a >> You blew them all out, so you get a wish. wish. wish. >> Well, I wish for peace in the Middle >> Well, I wish for peace in the Middle >> Well, I wish for peace in the Middle East. East. East. >> Okay, >> Okay, >> Okay, >> that's probably the main thing to say >> that's probably the main thing to say >> that's probably the main thing to say about right now. about right now. about right now. >> That is a gorgeous cake. I have to say >> That is a gorgeous cake. I have to say >> That is a gorgeous cake. I have to say >> it's a marvelous cake. Yeah, >> it's a marvelous cake. Yeah, >> it's a marvelous cake. Yeah, >> that's marking our own homework, but >> that's marking our own homework, but >> that's marking our own homework, but >> this better be eaten by the crew cuz I'm >> this better be eaten by the crew cuz I'm >> this better be eaten by the crew cuz I'm not going to eat all this myself. Okay, not going to eat all this myself. Okay, not going to eat all this myself. Okay, you want to get out a knife and start you want to get out a knife and start you want to get out a knife and start slicing up? My god, slicing up? My god, slicing up? My god, >> thank you. Thank you so much. We're >> thank you. Thank you so much. We're >> thank you. Thank you so much. We're done. done. done. >> Thank you. >> Thank you. >> Thank you. >> YouTube have this new crazy algorithm >> YouTube have this new crazy algorithm >> YouTube have this new crazy algorithm where they know exactly what video you where they know exactly what video you where they know exactly what video you would like to watch next based on AI and would like to watch next based on AI and would like to watch next based on AI and all of your viewing behavior. And the all of your viewing behavior. And the all of your viewing behavior. And the algorithm says that this video is the algorithm says that this video is the algorithm says that this video is the perfect video for you. It's different perfect video for you. It's different perfect video for you. It's different for everybody looking right now. Check for everybody looking right now. Check for everybody looking right now. 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