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13:45Hello, Gar. Oh man, this is getting tough. Hello, Garland Nixon here. This is a lot harder. The the show just started and I'm struggling already, but we're going to get going. This is uh this is a great day. Jimmy Door, I know you're thinking to yourself, "What the hell happened to Jimmy Door? He looks weird today." Well, Jimmy Door is not here. Um, [snorts] my name is Garland Nixon. I am a podcaster, just kind of a allaround YouTube kind of guy. And I am standing in for Jimmy Door today. And I have Oh, we got all kinds of good things going on. We got we've got great articles. And just in case I have
14:16problems, I have a software engineer.
14:20is he's also hey people don't know that he is a software engineer but his name is Jamal Thomas he's a political analyst media personality based in Richmond Virginia who currently hosts the Jamal Thomas Morning show on YouTube and previously hosted fault lines on radio splutnick he's known for his left-leaning commentary on international domestic politics and also an accomplished chess player and a published author Jamal Thomas welcome to the Jimmy door show >> what's going on man how you doing today >> oh man I don't know my god every five minutes something comes out about Iran and then five minutes later it's there's
14:54a 180 on it and I don't know what's going on but here's what we're going to do you know one of the things that that you know you and I both talk about Brian Bletic you listen have a lot of people talk about you know the continuity of the policy how we see president after president administration after administration come in and we see the same policy right >> now here's what I'm going to do we're going to go back to the effectively the manifesto of a serial killer and that serial killer would be would be Anthony J. Blink [laughter] and a lot of people we're going to connect what Anthony J Blink did was was
15:28saying in his infamous manifesto of 1987 to what's happening with Donald Trump today. All right. 1987 uh Blinkin writes the Trump administr well I write the Trump administration institutes the blinking doctrine. Right.
15:45So basically he writes this book called ally versus ally America Europe and the Siberian pipeline crisis. Now here's what's interesting about that book and how it applies today and through the Biden administration etc. [snorts] What the this book was discussing was the neocon view of Europe getting energy from Russia. How they viewed it, what they thought of it, why they weren't happy about it. And when you read this book, you understand all of it and you look at it and you say Trump is doing the the the the uh the blinking doctrine. So here's what we're going to do. Let's start off hopefully if I can figure out how to do this.
16:30We're going to go to next slide.
16:31[clears throat] All right.
16:35Now listen to this. This is a these are quotes from the book. I'm going to throw the first one at you and then you'll see what I mean. the foundation of the blinking doctrine. I've labeled it the blinking doctrine. For a number of influential influential polic policy makers, now if you listen, you'll know he's talking about himself and his his diabolical ilk. For a number of influential policy makers, the time seemed opportune to engage the Soviet Union in a round of economic warfare.
16:59Here's the part.
17:01regardless of the price that might have to be paid by the economies of Western Europe and the American business community. That would be us. The eur and now here's another quote. The European view on trade relations with the US USSR owes much to their geographic proximity to that country and their role as a listen to this natural economic compliment to the west. Jamal Thomas, I'm throwing that at you. What are your thoughts?
17:33>> Yeah, it's pretty wild when you think about what he's trying to say. I mean, for one thing, the first thing that I wrote down when you said um a crisis, it wasn't a crisis for Europe. It was a crisis for America [laughter] in regards to our ability to basically be like, "Hey, you have a good relationship between you two. We don't want to be left out of this. We don't like the fact that you're getting your energy from them when, hey, we have five times more expensive energy to sell you." that it's a crisis on figure out how to get Europe to buy our energy as opposed to the pipeline. It makes more sense for
18:03Europe, right? And yeah, as you point out, he they didn't our policy had nothing to do with what was in the best interest of let's say Europe. it was what is in our specific best interest even at the expense of Europe or let's be honest even at the expense of us on some level because Biden was running around screaming about the Putin price hike and um Jins Saki was screaming our values are not without cost [laughter] but you know Biden's making like a billion dollars monetizing the White House he will be okay >> yes our cost you You know what's important in this?
18:45>> Who is our Here's what I mean. Our cost right now. Here's what he says. Okay, we're going to do this. We got to We got to do this regardless of the price that might have to be paid by who?
18:56>> The economies of Western Europe and the American business community. That is the neocon saying, look, if you look at the next sentence, these are quotes from his book. Look, we know that this is a perfect match. We know that they got industry and they got a guy next door, you know, hey, I got chocolate, that guy's got peanut butter. We can make a nice candy bar, right? They're looking that saying, yeah, that works real well, but we don't like it. And the political class and the ruling elite say, "We don't care about the economies of the Western Europe and and American business." That in fact is the working
19:33class. That's him saying the neocons, the political class, we want to make this move to cut them off and we don't care about the working people that pay a price. Who cares? We still got limos.
19:47We're still going to be rich, but you know, the working class might have to bite the bullet. That, my friend, is the the uh the the blinking doctrine. Let's go on. Listen to this. Now, do you recall Blinken at Al when they talked about Nordstream saying, you know, the problem is that the Russians will use energy as a weapon. We've got to save the poor Europeans. We've got to save them from these evil Russians who are going to give them cheap energy and dog on it. As soon as they really need it, the Russians will use energy as a weapon. But what did he say in 1987?
20:26Here's a couple of them. The Soviets have never used oil as a weapon weapon against the West. They had thousands literally back then because they didn't have all the salt treaties. Thousands of nuclear weapons pointed at each other and the Russians still delivered oil on time at a reasonable price.
20:47>> Yeah.
20:49>> On the basis of past experience, the Now listen to this. who the Europeans have come to consider the Soviets to be reliable suppliers of energy and certainly a safer source than the OPEC nations for oil or Algeria for natural gas. Gee, looking at things now, were they a safer source than OPEC for for so if the Europeans were still getting energy from Russia, they wouldn't have to worry about the Straits of Hormuz closing now, would they? So that actually he was blinking knew all of that and I feel those are the Europe had too much energy security and it was too friendly with Russia and they were like
21:29ah we're going to sacrifice Europe we'll throw their economy under the bus because of our weird crazy neocon plans to rule the world. Your thoughts?
21:37>> Yeah, I agree with you. It it's it's a hedgeimon losing control. Meaning it's a hedgeiman recognizing its decline in comparison to other countries and the connections and let's say the relationships of those other countries.
21:49So if you're looking at Europe, you're looking at Europe's relationship with Russia. Okay. Well, Germany and Russia at this point and the pipeline. Well, that makes sense for Europe. That makes sense for Germany and Germany being the beating heart of Europe. If you notice after the war, what took place?
22:06Nordstream gets blown up and they say Gilligan, the skipper, Maryanne, and a few Ukrainians effectively blew up the pipeline. Initially, they say Russia blew up their own pipeline. But the point I'm trying to make is the relationships in these situations were very too close for comfort. Especially if you're looking um let's say to control the planet, this is not beneficial for that level of control.
22:32Especially when you have a product that you want to sell that is too expensive to sell currently. No, all of this stuff. It's just this is neocon behavior. But let's be very clear, it's not neocon behavior just for being neocons. These guys have a play in mind with this idea of you can say diversification of labor.
22:49>> We're going to let the Europeans deal with the Russians. We're going to deal with the Chinese. We're going to let the Iranians or the Israelis deal with the Iranians and we're going to petition the globe because just like Rome, our burden is too much. I mean, we're $39 trillion in debt. And from the perspective of us after spending like $10 trillion on Iraq and Afghanistan, it's like, okay, we need to shift off some of these costs.
23:13We need to shift off some of these burdens to our quote unquote vassels to so they can go after these various theaters around the globe. Europe is just one of those theaters. I mean, look at what they're talking about now, like this drawn out um in regards to NATO saying, "Hey, in case of a crisis, we're not going to send you as much stuff because we have more priorities that has taken place with China. We need you to be able to handle the Russians." And of course, Europeans are like, "All right, Ukrainians, we need you to handle the Russians [laughter] we well enough where we can have a, you know, a fight." But I guess the point
23:48I'm trying to make is to your point, Europe has been materially damaged in a way that they weren't prior. Meaning they were getting energy. And even now, even now, Russia is like, "Hey, I'm standing here. We have energy. If you want it, you can get it." Meaning they never use energy as a weapon in the way that they um in the way, let's say, that America was trying to say that they were going to do. Meaning America was trying to argue, well, how are you saying that Russia is a threat, but you're simultaneously taking energy from this quote unquote threat? But that's just it. Russia wasn't a threat to Europe.
24:28>> Yeah. And here's the here's the key.
24:30Here's the key. You know what the key to this whole segment is, Jamaro?
24:35>> This was written in 1987.
24:38You know what I mean? That's the key to this segment. This book was written in 1987 and everything you read in that book sounds like it was written somewhat by someone who's in the Trump administration today who maybe wait a minute might have been in the Biden administration. The level of consistency because they weren't even talking about the Nordstream pipeline. They weren't talking about energy today. They were talking about back then there were these Siberian oil pipelines. might I add one of which if people can research this the CIA literally blew up one of the pipelines back then just like the
25:15Nordstream. So my point I guess a big part of my point is that let us continue. Here's something else they said when they were talking about the pipelines. The main concern about the pipeline was that it would make Western Europe too dependent on the Soviet Union for gas. In the short term the pipeline should not be built. Listen to this. Why shouldn't it be built? Should it be built? Does it have anything to do with the Europeans, with their economy? You know, look out for the little guy.
25:45Because it was incompatible with the policy of trade denial that Washington sought to implement against the Soviet Union. So, they're like, "Hey man, this looks good for Europe. Hey, you guys got a perfect match, but it shouldn't be built." Why? Because we got a policy of trade denial for the Soviet Union. And uh as far as I'm concerned, as far as we're concerned, our policy of trade denial, the economies of the working class for both Europe and America, hey man, they got to they got to take a, you know, got to take a backseat. And as I said, if you look at that blinking doctrine that says our ideological and
26:24geopolitical advantages come first, look what train people are like, hey, why is Trump doing this? We're all going to get screwed by uh gas prices. according to the blink doctrine that's not part of the decisionmaking process. They're going to drive us into an economy. In 198 I mean into a um depression. In 1987, Tony Blinkin was saying writing in his book. I don't really care about that. That ain't what we're thinking about. And it gives you a um a an insight into the mind of these people, how dangerous they are, how they see us.
26:58And as I as we say, when the people call and say, "Can you believe what Trump when these Democrats call?" When the liberals, "Can you believe what Trump's doing?" This ain't Trump. This policy, this mindset was here when Trump get here and it'll be here when he goes.
27:14It's US policy.
27:17It's not. Look, look, I know a lot of people have this belief that, oh my god, I can't believe what Trump is doing. And as I keep pointing out to people, it's like, dude, this policy has been going all the way back for decades. I mean, George Bush, for God's sake, when they were looking when they were looking at Syria, for example, then they were going after Syria, they were going after Syria with the idea of being able to go after Iran. When they were going after Iraq and Afghanistan and Libya, etc. They were doing that, taking one chip off the board after the next. basically a monster roaming through the countryside,
27:51taking down villages with blood in his mouth, looking at Iran, and finally knocking on the gates from Iran. I'm saying that when Obama was putting billions of dollars into trying to overthrow the government of Syria, and it finally came to fruition um years later, why were they doing that? The last chip was Iran. It was always Iran.
28:12I guess I'm trying to make the point of saying that sure, Donald Trump is the one that's effectively holding the gun.
28:18Currently, he was the one that was incompetent enough to effectively make this blunder. Agreed. But president after president, one step after the next, got Donald Trump to the point where he could do this. Yes, it's incompetent. And yeah, he probably thought for whatever particular reason that this was going to be, you know, like Venezuela, like Venezuela in the Middle East. If he watched our shows, we could have told him that this was not Venezuela in the Middle East. For the first time, you got somebody that's actually willing to throw a punch.
28:49>> Yeah. Let me add this. And and for those who would say, well, I'm sure there were people around him smart enough to know it was going to be an economic disaster.
28:59Yes, there was. And based on what Tony Blanken wrote in 1987, they have already made that calculation. The PE Tony, they may have uh uh convince Donald Trump to okay, go ahead. It'll be just like V Venezuela, but they knew and they didn't care. You know what I mean? They didn't care. Now, there's one more. Let us do uh I think we got one more. All right, let's go next to this one.
29:30Now this I find interesting.
29:34This is what Blinken wrote in ' 87. The divisions and confusion surrounding the pipeline affair. This was remember the Siberian pipeline in the 1980s mirror the ambiguous and contradictory western responses to the Soviet challenge. Right? So okay, the alliance has vacasillated. Let's just see what what kind of things were they thinking back in 1987. us what was going through their little minds.
30:00The [clears throat] alliance has vacasillated amongst trying to destroy the Soviet system by force. Yeah. Tony Blinken literally in 1987 said, "You know, we we we kicked around some options. You know, we do we ran some things up the flag pole to see if anybody would salute, as they say." And he goes on afterward, and I mean that's just like casual. Well, what did you think about? that we thought maybe we destroy it by force. That's one option.
30:29Merely containing its expansion and encouraging it towards peaceful resolution. The pipeline crisis is a useful litmus test for these approaches.
30:38Now, trying to destroy the Soviet system by force, which means you will end life on this planet is casually written, casually glanced over by Tony Blinkin. And now they try to tell us, you know, Russia, it was a completely unprovoked attack. We just we were trying to be look out for uh Ukraine. They were totally unpro in 1987 in his book, Ally Versus Ally, the guy literally wrote, "We were trying to figure out how to deal with these Russians." And we thought, "Ah, maybe we'll just destroy them, kill them all, take the system out as if they wouldn't nuke us." Your thoughts?
31:16>> I want to highlight that there was no crisis, [laughter] right? But like his name this this book is so wow to me. I I've heard about this book prior and this idea of ally versus ally. He's effectively saying look our issue is Europe and their relationship with Russia. That's not a crisis. That's a crisis that we are defining as a crisis. That's like saying, "God, man, I need to get my hands on Darla's car."
31:42[laughter] To do that, right? And you're like, "What do you mean it's a crisis? My car is perfectly fine." No, no, no. There's an issue. [laughter] You use that car.
31:52They took issue with the the relationship between Europe and the Soviet Union. That was the crisis. We don't like the fact that there's linkages between these two entities. I hate to point out that those linkages were natural and made all the sense in the world considering the proximity of Europe and Russia.
32:14It's outrageous. And to your point, it's like how can we destroy the Soviet system. Okay. Well, if you're talking about a war, you're talking about and then the world, right? If you're talking about some of the means, okay, well, the Soviet Union did fall, but the remaining aspects of the Soviet Union, Russia, they're still at it. It's not like Jeffrey Sax points this out. It's not like when the Soviet Union failed, the United States thought to itself, "Okay, now we can have world peace." It was more like we won.
32:45It was the end of history. We we we we're going to control this from here on out. Now, obviously, it didn't work that way. And I guess in order to bring this back to the original point of the book, they still were looking at this as we don't like the relationship between Russia and Europe. Period. The same relationship or similarity the relationship between Russia or let's say the Soviet Union and Europe. We don't like what remained of that relationship.
33:14Hence the continuous expansion of NATO, continuous this, you know, demonization of Russia and everything else. And of course, you get the Trump and Russia nonsense that has a to a life of its own. No. Yeah, you're absolutely right.
33:27These people are lunatics.
33:28>> Yeah. Yeah. In 1987, the policy is written for the actions of today. It was just a matter of I think what happened is they there was a period of time when they thought well Russia has fallen so we'll just go in and pick the bones and this is going to be easy and now they realize oh crap it didn't fall so let's go back to our original plan and it seems to me they've gone with we'll destroy it by force it seems that but and again the other thing is obvious too and that is this Europe is not recognized as um individual countries that have free will that have a decision They're saying, "Look, this has to be done. You have to not get
34:11you are not allowed to get the cheapest oil, which we admit is in your best economic interest because of our policies of denying them." When you read the article, the book, one of the things they say is, "Well, if this happened, the Russians would get make a lot of money, and we don't want the Russians to make money." Well, yeah, they would because everybody wins, right? Uh Europe wins, Russia wins. They can't have that.
34:33So you look at it, it is Europe is not recognized as um a free political entities, sovereign entities and the American people are not recognized as having some having any say or any authority over the government because if the American people ran the government, if it was whatever you call it, a democracy or a what do you call it a constitutional republic, whatever you want to call it, the government wouldn't be saying, "We're going to make policies regardless of the economic impacts on the American people." It was clear that Blinken and his ilk and the people running it today don't recognize the
35:12American people as having any authority over their government or that the government has a right, dare I say that I should mention the general welfare clause, a constitutional duty to [laughter] look out for the general welfare of the American people.
35:28>> Since when? [laughter] At least not in my living memory. No, these people look they look at the world in these kind of supremacist terms and from their point of view, how do we maintain control first and foremost?
35:47Whether that's Trump, whether that's Joe Biden, whether that's Obama, whether that's Bill Clinton, whether that's at any random president, we are quote unquote indispensable. And because we're indispensable, we can look at the world and we can set a rules-based order. Our rules, we set the terms, etc. We don't have um allies or at least we don't have equals, we have vassels who believe themselves to be allies. But the entire point is how do we maintain control of the globe? That's first and foremost.
36:17And so if you have a situation where let's say the Soviet Union or let's say Russia is growing in strength and China is growing in strength and Iran is growing in strength. This is an everpresent issue. That's a problem.
36:28That's a that's a um an emergency, a crisis. Um to take Blinken's words that needs to be somehow reconciled even if it means that you burn it all down in order to be the last guy on the pack.
36:42It's not that I think that they want a global war, but they're dumb as a box of like meaning these plans. Just because they write something down doesn't necessarily mean that it works out in the way they write it down. And so you can have all sorts of war plans. Hey, we're going to, you know, screw over the Russians by creating a rift. We're going to blow up Northream. We're going to do blah blah blah blah blah. And then you're like, okay, well, gas is going through the roof. And Europe is not in a position to maintain. and Ukraine just got wrecked badly on a world stage. Like meaning none of these things are coming to
37:18fruition in the way that they think they're coming to fruition despite the plans that they may have at their disposals. Um no, this is about world conquest or at least maintaining domination.
37:27>> Here's the perfect example of that before we jump to our next story about your favorite guy, one of them.
37:33>> Um you're going to like this, but here's an example of exactly what you're saying. Hillary Clinton in bro in Brooklyn. believe it was Donna Brazil. I know there were other people who said that I may be wrong, but who said basically they contacted the Hillary people in Brooklyn and said, "Look, [clears throat] uh, you Michigan says to people they're not doing well on the ground. They're going to need, you know, whatever lawn signs, money, a visit, you know, blah blah. You you got to do something." And the Hillary people in Brooklyn says, "Ah, don't worry about it. We got a computer model that says we win." You
38:03see what I'm saying? It's the mentality.
38:06We have a comm a a computer model that says we're going to be able to contain chi. What are they saying about China?
38:12They said by force containment for Russia. It's the same thing against China. So when you say Jamar Thomas that it ain't working, they're going to say we got a computer model that says it'll work perfect. Dude, I'm sorry. There's nothing. We can't help you, buddy.
38:26You're all right. Let's talk about our favorite guy. Yours, Bernie Sanders.
38:30[snorts] Uh >> oh.
38:31>> Bernie Sanders. Yeah. Now, we've got here's we we got a we got a a a he's one of the US politicians considered the most quote progressive. He is so progressive. He has made his uh he has made his position clear. Let us >> most among Palestinians in >> let's let's let's sit here and listen to Mr. Progressive Bernie Sanders stand up to the little guy because if you're progressive man, you're standing up for the little guy. What does Bernie have to say about the little guy? A little Palestinian guy. And polls among Palestinians in the occupied West Bank and Gaza are showing that they're increasingly in favor of a one-state
39:07solution with equal rights for Israelis and Palestinians alike and equal citizenship. Is that something you believe could happen or is that something you support?
39:14>> I don't. I mean, I think if that happens, then that would be the end of the state of Israel and I support Israel's right to resist.
39:20>> Do you think polls among >> So, let me see. Let [clears throat] me see if I got this straight. Bernie Sanders is let's see if I could ever get this fixed again. Bernie Sanders when asked about equal rights for Palestinians. Well, if they get equal rights, man, is real screwed. So, man, let's let's not do that.
39:49I've heard I've had fights with Israelis over this very point where you would point out, okay, well, why not equal rights? Because you're obviously the two-state thing is a shiny object. Like this is the two-state is the shiny object that could fill out as they steal more land. And you know, you divide the West Bank. I don't know if you've seen the map of what it used to look like, let's say, in the 60s compared to what it looks like now.
40:16the two-state solution doesn't seem to be viable. And oftent times you have like European nations or whatever just throw it out almost like yeah we're working towards a two-state solution.
40:28Okay, that's not happening on the ground. That's not happening. This was some stuff that you guys are making up.
40:34[snorts] And so when you point out said hey the two-state solution seems like a shiny object. Okay. So what about a one state with equal rights? It's like well wait a minute what do you mean equal rights? You mean they're going to be equal to us? Yeah. That means that we don't have a state of Israel because that means we don't have a Jewish state, which means by definition there is no state of Israel. It's almost like the equality thing in and of itself means that you can't have a Jewish state, which is true, by the way. Like meaning if you have other people there that aren't Jewish and you're calling
41:06yourself a Jewish state, what does it mean for the people who are aren't Jewish? It's it's that. So yeah, bad answer. It's like what? Are they equal or not?
41:15And if they are equal, why are you depriving them of equal rights? No, that's the issue. So, bad answer. Just bad answer all around. Yeah. And and the thing about it is if I can uh here, I had to get Bernie back up here. There we go. All right. So, let us continue.
41:36>> [clears throat] >> Palestinian and spe and espanol says granting equal rights to Palestinians and Israel would be the Israelis would be the end of the state of Israel and I support Israel right no is sorry no equal rights which tells you can you imagine any country where you say look this is let's not forget this is the only democracy in the Middle East right it's a democracy I don't know how you define that but it's the democracy right imagine that well you know I think um this country X both Protestants and Catholics and Muslims and whoever else people should all have equal rights.
42:14Nah, we I'm not for that. Here's what they have. This statement is highly revealing. even someone who presents himself as a defender of human rights and a critic of Netanyahu openly rejects the idea of equal rights between Palestinians and Israelis because that would imply the end exactly what you say of the Jewish ethnocratic character of the state of Israel. This demonstrates that for a large part of the US political class supporting Israel takes precedence over the principle of equal rights for all inhabitants of the land.
42:45How is it possible that a progressive politician reject rejects equal rights between Palestinians in Israel? How can you say, "Are you for equal rights for black people in America?" Sure. Native Americans, absolutely. Ask him about LGBTQ trans. I guarantee you that is at the top of his list if you're a Democrat. And I mean, there's nothing wrong with I'm not opposed to LB, you know, right for LGBTQ plus. I'm just saying it's said amongst Democrats as like something as a nod of the head. You have to say that to prove that you're part of the team. And then you get the Palestinians. Oh, no, not them. Which
43:22means you don't really see them as full humans, if you ask me. Your thoughts?
43:29or at the very least the importance of let's say perseverance of the state of Israel, a criminal regime that's just been added to the United Nations pedophilia, I'm sorry, rape um lists because of systemic rape that they've basically been engaged in. Don't take my word for it. This is the United Nations.
43:45I put them on that list because they could document case by case by case of them effectively doing that. I'm saying it's a criminal country and in the context of a criminal country, Bernie Sanders is still standing there standing. Yeah, we need to maintain the Jewish character of this particular country. And if that means that Palestinians are secondass citizens are not considered fully human, then fair enough. Then they're just not considered fully human. That's what I'm willing to accept. My name is Bernie Sanders. And you think to yourself, if Sanders is taking this position, what does it mean
44:18for the rest of the Democratic party like in general? Right? Keep in mind, just for just for context, Sam was the guy that was on stage putting a knife in Hillary Clinton when Clinton was bringing up the issue of Israel.
44:32>> If he is still that guy who's like, "Yeah, but they can't be equal in this country."
44:41>> Well, look, uh, you've been watching the Jimmy Door Show. My name's Garland Nick and hanging out with Jamal Thomas. We got to take a quick break. We'll be right back.
44:49Heat. Heat.
45:03[music] >> [music] >> Hey.
46:26>> [music] >> Hey, hey, hey. [music] >> [music] [music] >> Hey. Hey. Hey.
48:04>> [music] [music] >> Hello, Garland Nixon here and uh we're going to continue. All right, we got we're gonna finish this up. We got one more story to go. But you know, well, let's let's end it up like this. There's a there's a there's an obvious question to me, Jamar, and this question is this.
48:42Okay, Bernie is supposed to be the left lefty left of the Democratic Party, right?
48:49What is the job of the left of the Democratic Party? Right? Isn't the left of the Democratic Party supposed to be the ones who yank them over and say rights for everybody? the ones that yank them over and say, um, uh, do the things that the base wants, do the things that the working class wants, etc. Right? And instead, it seems to me that the so-called left of the Democratic Party, a Bernie Sanders, is to say, I'm going to try, I'm gonna, look, go around the world, do your evil deeds, do your imperialism, do your wararm mongering, do your neocon stuff, and I'll support that. And then when you get back here, I'll say things like I'll
49:32try to say, "Hey, maybe we could get a little couple more dollars for Social Security," which I know will never get through. I'll try to say, "Let's uh give you healthcare," which I know will never get through. You know what I mean? It's like almost like Sanders to me is the worst part of the Democratic party because his job is to give hope to the people to maybe try to keep them in there and have some hope. Maybe Bernie and Accum Donnie, maybe they'll do.
49:58they're not going to do anything. And that is the clearest evidence you've seen right there.
50:03>> Which is ironic in a in a way because Sanders is not really a Democrat even though he sheep dogs form every election. Um and you're right this idea of Well, he does. I mean >> Yes. Yes.
50:15>> And he's not.
50:17>> Yeah. Well, she puts a knife in him where they cheat him remorselessly and he turns around and has to go out saying vote for Clinton and they boo him for like a minute, [laughter] right? And he does it again for Joe Biden. Okay, this feels because you know though I have painful memories from back then, right? Have PDF from back then.
50:39Um, look, your point is correct though.
50:41How are you effectively backing a political entity that is full of wararmongers and lunatics? I mean, the Blinkens of the world are Democrats. The Bidens of the world are Democrats. These people are insane. And if you think about it, um what's his name? The mustache guy. He looks like a porn star.
51:00Um John, >> yeah, >> even John Bowden at this point seems to fit firmly within the context of the Democratic party. Um what's the other one? Um >> oh, he wrote he wrote an article on behalf of Camela Harris. He was one of the people that wrote an article, John Bolton on behalf of she had all of the neocons. And what does Bernie Sanders say? It's like his job is to draw them in to say, "Look, we got to have that left. There's hope, guys. There ain't hope. There's no hope. But his job is to try to pres convince the last few suckers that there's hope. And then to say something about Medicare for all and
51:35then say, "But you know uh the Cuban leader is a dictator and the leader of uh where's Bernie Sanders on Cuba? That what they're doing in Cuba is unconscionable. Where's Bernie Sanders saying I quit the party, I will uh campaign?" Nothing. Nothing. All he can say is Trump's the bad guy.
51:54>> Yeah. Trump's bad guy, Trump's the lunatic, etc. I guess your point is for all intents and purposes when you're looking around the world and you're looking at the chaos that we're effectively creating around the world, whether it's in Ukraine, whether it's in Iran, whether it's in Cuba, whether it's in Venezuela, whether it's in so and so, you don't seem to get this heavy push back from, let's say, elements of what people would call the quote left unquote. [laughter] And when you think about it, you would think that the left is more would be a bit more borous on these items of people getting killed. And honestly, one last
52:32point, they do have a Palestine issue. I mean, if you think about what was taking place in the last election where you had all of these people who were angry, um, vigorously angry at what was taking place in regards to the genocide um, in Gaza. And what did they do? over and over again, anyone that had a voice of opposition to what was taking place, they effectively gave them down and prevented them from making any kind of statements themselves. Meaning, you are not worthy of representation despite the fact that Bob can be over here with a full beard and you had to call Bob a woman, right? Like, meaning see, I have
53:09nothing have no issue with Bob with a full beard calling himself a woman. I would even say her or she um in that case. I'm pointing out though that you are able to recognize the humanity in one but seemingly not the humanity in the other as they are being maligned, killed, tortured, etc. There's a problem with this picture.
53:30>> Well, let's let us next go to New York City. Eli Kaz tweets, everyone spent the week furious that Mandani skipped the parade. Then Israel sent Amiki Eliu and Yitsac Werof to lead it.
53:47the annexation minister, the one who suggested to nuke Gaza and another kahanist from Atsma Yehud. If the goal was repairing Israel's image in New York, these are the last people you put at the front. So, these people Let's see. I think we have uh we've got video if you give me a second on that.
54:08Yep, we do. Here we go.
54:14Back it up.
54:32I the people Israel live.
54:38[snorts] >> You know Jamar uh I remember Nancy Pelosi saying if the capital crumbles, if all falls, as long as Israel stands, screw you and America and everything else. And when we look and we see people who um I mean say things that make the skin crawl and do things that make the spirit crawl new kill millions hundreds of thousands they they're proponents of it and then they act on that and here they are in New York and you wonder why the dem why we say the things we we say about the Democratic party and there is Chuck Schumer.
55:23Way to go, Smootrich. Kill them all. I'm elect every last one of them. Jamal Thomas.
55:28>> Smtridge. I mean, granted, the issue is not any one individual person or Israeli. It's the lot of them. I mean, you get 80 90% that agree with the policy of the Netanyahu government.
55:43Netanyahu is a moderate for all intents and purposes, meaning getting rid of him doesn't necessarily change the problem or the kind or the character of the nation itself. There's that. The idea that a genocide has taken place and they move that genocide from Gaza into Lebanon where they've gone on a murder spree also. And to make it even worse, again, I keep pointing out the UN systemic rape thing because Israelis thought it was a big thing to bring up with it. um in the context of Hamas on October 7th. Okay. Well, they've been added to the list in real terms for systemic um sexual violence against men, women,
56:23etc. So, let's put this in context. They are right now um you get them screaming, hey, we're going to take 70% of Gaza now that we've already taken 60% of Gaza and we're going to bomb Beirut. meaning they're saying all of this stuff at the exact same time that they're having this particular parade. And the idea that anybody is supporting them on this, that tells you something. It's indicative of something and not necessarily something good. you. It's amazing to me that you could get a population of the United States that have changed its point of view regarding Israel and the Palestinians, especially from standpoint of the left
57:09and even from the standpoint of the right when you're talking about people who are effectively under the age of, let's say, 50, non- boomers, for lack of a better term. Um, and yet they would have that hate rally and on top of having that hate rally, this kind of beacon of hate and psychopathy to the world and you're going to get some Democrats coming there to celebrate it.
57:32It tells you everything you need to know. It's illustrative of something.
57:45Wait, are you muted?
57:48Oh, there we go. Let us continue.
57:50[laughter] He's seen marching with fellow war criminals and even Democrat Senate Minority Leader Chuck Schumer on an Israel Day parade in New York City.
57:58There shouldn't be an Israel day. Why is America hosting parades for a foreign aparthide state? Mom Donnie had enough integrity to not attend, which he is somehow being attacked for. And again, I think America is at a place where, let's be frank, every day is Israel day.
58:16You know what I mean? I mean in that the Israeli Zionist uh faction in politics has domination over Congress. They have domination over the media. They have domination over the tech the tech sector. They have do you know what I'm saying? There is such domination right now over all sectors of our society that to say any given day is Israeli day as opposed to the other I don't know if you've been following this but we have members of Congress now who are literally trying to integrate the Israeli military into the US military.
58:56They want to pay them the the, you know, retirement. They want to handle and and my perspective is this. All what here's what they're going to do. They know that Americans are mad and Americans are going to say, "We don't want to keep giving money to Israel." So what do they do? Number one, you double the defense budget. Number two, you move the IDF under the Pentagon and then you say, "Haha, we cut all the money away from going to Israel." But what you really did was you just moved the all of that IDF stuff under the Pentagon. You put everything under the Pentagon. What do you need to send them money for? Instead
59:31of sending them 3.8, however many billion it was, you just gave them a couple of extra hundred billion dollars.
59:38>> And I think that's the game.
59:41>> Well, yeah. I think part of it is that they see the anger that is effectively being leveled at Israel and questions about why are we sending them three four billion dollars um a year. And of course, you know, you get Netanyahu coming out saying, "Yeah, you know, we don't really need the money." Whatever.
59:59Israel doesn't exist without the United States allowing it to exist. meaning our protection form in the UN Security Council, our protection in the UN General Assembly when we're out there making arguments to the um the uh International Court of Justice where we're effectively saying that Israel has the right to starve um a million human beings. Like this is the stuff that we effectively provide to them beyond the money itself. And now we're like, let's just couch that into our own military military budgets. Yeah, this is I mean obviously this is outrageous. What is the one from Washington State and I
60:36think what Mike Rogers I believe and I forget the other one that decided that this was a great idea to integrate the US military with the Israeli military this kind of sneaky maneuver um that they're trying to effectively pull off.
60:48And then there's other questions like people will make the argument that we're already fighting Israeli wars, right? I mean, you can make an argument that we don't get anything out of attacking Iraq. And even now with this kind of standoff, yes, a lot of this is presidential hubris. The president has stepped into something. The president doesn't necessarily want to own the fact that he failed miserably um in what is a historic, incompetent um attack on a on a country that is going to have negative consequences for the US. He doesn't want to own it. But there's a real question as to why would he do it in the first
61:28place considering Iran has no capability of hitting the United States, >> right?
61:33>> So, you know, you would make you would get certain people who would make the argument that the Iraq war was an Israeli war. The US destroying nations in the Middle East were Israeli wars. I don't entirely believe that's true. From my point of view, it's a mad dog. Um, but that mad dog is on a leash and that mad dog may have a mind of its own.
61:56>> Yeah, I add I'll add this too.
61:58[clears throat] You know, I think there everybody benefits in that clearly the US sees um the Middle East as a way to control the oil and to choke out China. So the US neocon the blinkans at al look at it and say okay we can get a grip of on the oil in Venezuela then we can get a grip on the oil in the Middle East and then we can hope help control the straits of Hormuz we can do exactly what we're saying that we don't want Iran to do which is control the straits of Hormuz and cut off the people that we don't like right that's what we want to do and we're mad because Iran's doing it right but so they look at it and they say okay
62:38we get benefit out of this meanwhile Israel gets to run the entire our Middle East. They get to control everything and they'll be happy because they get so everybody wins. And of course, since we're so-called allied with Israel, we'll all work together. We'll provide them with the bombs and all of that stuff, you know, and everybody wins. So, it's not to, in my opinion, only >> well, we're doing it for Israel. But that is a factor. And it is particularly a factor when we get back to this. When we get back, doesn't it always come back to Tony Blinken in 1987 writing, "Regardless of the economic [laughter]
63:11pain that will have to be paid by the people of Europe and the United States, we don't care. They don't care." And the Israelis right now are saying, even going one further, they're saying, "We want you to attack the infrastructure of Iran and they'll attack the infrastructure of the whole Middle East and that'll all be wiped out and the world economy will go." But what if we care? We Israelis.
63:33They're the goyam. They're the cattle.
63:35You know what I mean? Let's cattle. What are cattle for? They're to be slaughtered. Right. So the Israeli perspective is a genocidal homicidal perspective, but it's not just against the Palestinians. It's not like directed only towards the Palestinians. It can be just as easily directed towards anyone else. In fact, we have some people recently who were nabbed by the Israelis uh in one of these freedom flotillas and there are allegations that some of them were raped.
64:02>> Yes.
64:03>> Western citizens. Now I don't foresee that their western governments are going to step in and say there's anything wrong with that or we oppose opposed to it or anything else. But I'm just saying when you look at the barbery of the Israeli government and then you see people who are absolutely um at the forefront at the razor's edge of this barbar and they are marching around Washington D. I mean, excuse me, marching around Israel like their superstars, like it's Michael Jackson and Elvis. When you look at uh Chuck Schumer, you look at it and you say, "If we ever had the Congress or any of these
64:42parties, which we probably didn't, they are completely gone and now we are just people who are in the way and how do they the only question is how does our government deal with its citizens when its citizens are in the way of things that they want to do?" And I think that's what we're finding out.
64:58>> Yeah. I mean, up to this point, the citizenry haven't necessarily asserted itself all that much. Um, I would say that two, because the citizenry hasn't necessarily asserted itself all that much. The government for all intents and purposes has grown an attitude of just not caring. Yeah. They don't care. They don't care about us. They don't care about, you know, like meaning they have their own concerns. The their concerns are different than our concerns. um in the case of trying to live a life and provide for a family and pay your bills and etc etc basically living a decent life that's not what they care about
65:36they care about different things and yeah they will take some level of assertion some level of movement some level of something maybe it all needs to collapse before any of it effectively changes I am one of those people who believe in mechanical processes not necessarily just kind of yes human will but human will in the context of a mechanical process of changing But yeah, it's it's outrageous. I mean, whether it's the parade, which is from my point of view looks like a hate rally, whether it's the Democrat Well, it does, right? It looks like a different type of rally, just different flags.
66:10>> Yeah. Yeah. Yeah. Um whether it's the way the Democratic Party slavishly is devoted to this hateful entity, whether it's the plans that the US effectively had that preceded Trump and yeah, let's be honest, preceded Blinken also. All of these guys have war plans, right? Yeah, this stuff is rather outrageous. And I guess the operative question is how does it change?
66:37[snorts] >> What do the American people do? That's the question. when it because it comes back to the people. We'll end this. What did the American people do when they realize that the illusion of democracy, the illusion of control of the masses, the illusion that they even have any input evaporates? What do the people do? Do they just sit on their laurels and take it or or will there be some kind of push back? Jamal Thomas, tell everybody where they can find you online.
67:05>> Well, thanks, man. Uh Jamal Thomas Morning Show. I'm on uh Jamal Thomas.
67:09That's my channel. Um I appear 7:00 a.m.
67:13to 9:00 a.m. I also have shows over the course of the day. So definitely check me out.
67:18>> All right. Thank you very much, Jamal Thomas. Everybody, coming up next, we got Dr. Jack Rasmus. We got another hour and then we're going to be doing all kind of fun stuff. We're going to at some point jump over to Rumble. Garland Nixon standing in for the one and only Jimmy Door. We'll be right back.
67:36>> So get this. Uh Larry Frink, you know who Larry Frink is? He's the guy, he's the boss of everybody. He was a failure at first. Yeah. He bankrupted his first company, then he invented Black Rockck, and he's such a criminal, he now runs the world. So that those are the people who run the world, criminals. Listen to what he says. You are going to be financing these data centers. Let's listen.
67:59>> Americans to think about growing with the United States.
68:03Uh we will have far than enough money to invest in this infrastructure.
68:10>> But when he says we have to convince Americans to grow with the United States, he means we have to convince them to give us their money, their retirement, their money that they have in their 401ks so that we can then put it into these data centers.
68:25>> But as as the governor was talking about, the need for electrons is growing every day.
68:33some of these ve, you know, if we're going to be the leader in technology, which we are, if we are going to be the leader in AI, which we presently are, it's just going to require trillions of dollars of investments. And if we don't invest in it, China will be the global leader in this.
68:52>> He's inadvertently telling us to move to China to save our incomes.
68:56>> It sounds exactly like what he's saying.
68:58>> And so to me, it's not weather. it it this is a must.
69:05And if you think about how that translates, it translates into a more dynamic economy.
69:13We need the United States economy to grow at over over 2%. We need the US economy to grow at 3%. Especially with the growing deficits the federal government has. And so much of this money, not just the private, is going to be coming from the private sector, from savings accounts, from pension accounts, from insurance companies, and on and on and on.
69:34>> We just said that they're going to take it from your retirement accounts and your savings accounts. And as George Carlin said, they're coming for your social security.
69:49>> Hey everybody.
69:51Um, it's time for some super chats. How enjoying the first first hour of our show, I hope. Um, Jamar Thomas, excellent guest, Scarlet Nixon. We're very happy to have him. Our next guest coming up very very soon, any minute now. Very excited about that. Uh, Soundchaser, our first chat out the gate. ND NDAA bill has a section in it giving Israel a seat with DoD in the Pentagon, Congress, military. What's next? An Israeli VP.
70:24That's terrifying. Thank you, Soundchaser.
70:27Oh, uh, Mr. Natural said, "Bored of all this lying." Yes, I think that's in regard to our our title, right? About Trump is bored of bored of uh the Iran war and Mr. Natural is bored of all this lying.
70:39Me too, Mr. Natural. Um, let's see. Brad Gilbert, Garland, WTF. Jimmy show starts on time means a guest host always throws me [laughter] off.
70:50Uh, hey, you know, sometimes we start on time without a guest host. Sometimes we do that. And as you know, Jimmy's 15 minutes late is still starting on time for Jimmy. So, we start on time. We start on time. Brad Gilbert, I resent I resent what you've said. Nat the cat Williams. GTSY here. Jamar and I'm sad I didn't read this while he was still here. I thought it was early in the morning for a minute there. Lol. # Insomnia Chronicles. It sounds like we have a Jamaro fan in the chat.
71:25Um, next up, Brad Gilbert is back.
71:28Venezuela was staged. Maduro is CIA asset with four costumes. EMPs take out lights, but they don't prevent guns from firing. All the world's a stage. I Y K Y K.
71:42I don't I don't know what I don't know what I KY is.
71:48I I'm not going to try it. I don't know all the acronyms. I I feel like I just learned FOMO, so this is this is too much for me. Thank you, Brad Gilbert. Uh Nat the Cat Williams is back. If we allow Congress to merge our military with you know who, that's 1.5 trillion at their disposal.
72:08And Nick Nikki too, gorgeous. Thank you for the tip and the cute little emoji situation.
72:16Soundchaser. If the Jewish Jewish religion teaches that Jews are God's chosen people and they believe they are better than other people, how good is it going to get?
72:29Oh, I hold on soundchaser. I'll be back.
72:31I Y I've note. I have a note. Uh I Y K Y K. If you know, you know.
72:42Of course. If you know, you know. I should have seen that. I'm I'm embarrassed. Um I I'm I'm a little I think I need more electrolytes today. Uh if you know, you know. Thank you, Malcolm. And back to Soundchaser. If the Jewish religion teaches that Jews are God's chosen people and they believe they are better than other people, how good is it going to get?
73:08Fr.
73:11Um and their I don't know what that part means. and their god will return to destroy their enemies. And on that one, thank you. Thank you, Soundchaser.
73:20Apologies if I didn't read that correctly. And we're gonna go back to Garland.
73:25>> Well, hello there, Misha. All right, we're going to have right now a buddy of mine. And do you want to talk about a guy that really knows um economics?
73:36Dr. Jack Rasmus. Dr. Jack, how you doing? I don't know if it's me or you.
73:41Look, you're looking about as dark as me there, brother. How's it going?
73:43[laughter] >> Let me turn some lights on.
73:46>> There we go. Good old good old Dr. Jack Rasmus. Let me tell you about Dr. Jack.
73:51[clears throat] Dr. Jack is a professor of political economy at St. Mary's College and a prolific author known for his critical analyses of neoliberalism and the global economy, including the scourge of neoliberalism, neoliberalism, and epic recession. He currently hosts the weekly radio show Alternative Visions on the Progressive Radio Network and writes frequently for publications such as Z Magazine and Counter Punch. Dr. Jack, welcome.
74:19>> My pleasure.
74:20>> All right. Well, we got a lot to talk about here at some point. You know, we've got um a pretty bad situation that looks like it's arising from the Straits of Hormuz.
74:30So, at some point, Dr. Jack, as bad as I want to avoid this, I'm going to have to ask you how bad is it going to be and when does it start? But right now, you know, I just ate before I started and I might not make it through. I'm feeling nauseous already. So, why don't we start by going in another direction [clears throat] breaking the proposed US Iran peace deal includes a $300 billion reconstruction fund for Iran. Per the New York Times, the program is being called an international investment fund, which the US would facilitate in the final degree. The US will always facilitate it. Huh. This comes as Iran demands reparations to in
75:09the war. Dr. Jack, why do I feel as though uh that ain't quite what it appears to be.
75:16>> Well, you know, one of the demands of Iran has always been that the US has to pay and Israel pay reparations, right, for the damage that they've done. Uh I see this as uh the Trump uh response to that demand saying, "Oh, okay. Well, you know, we'll talk about uh if you open the Harmu Straits immediately and don't charge anybody anything for passage, right?"
75:40>> Yeah.
75:40>> 2 million per ship. Don't do that. Drop old sovereignty on Homer. We'll talk with you about maybe putting together this nebulous investment fund after the fact, right? uh to help with reparations which really means oh the US is going to get involved with the businesses to and and get a big cut of that a lot a lot of that 300 billion if it ever appears but it won't if it ever appears you that will go right back to American companies and Trump and the US so it won't be that much uh but you know this is a typical tactic of uh of American imperialism here uh to try to dangle you know a little a little positive bite here to
76:23get the other party to do what they want to do. Uh we saw that happen uh after the Anchorage deal, you know, with uh Putin and Trump, right? Uh uh you know, his two uh Trump Trump's two for forward men there. Um you know, what's his name? Uh >> oh, Wickoff and Kushner.
76:44>> Wickoff. Wickoff and Jared, right? Uh >> oh, that's right.
76:48>> They had a bunch of meetings and everything. Nothing came of the peace deal, but I'm convinced they were there trying to talk some kind of financial deal with the Russians to uh say, you know, well, you know, let's cut a deal and you do this in in Ukraine and, you know, we'll cut a deal with with you and you can make some money back. That kind of a thing. This is what these guys always do. They're always hustling, right?
77:08>> Remember this, Dr. Jack? One of the things in Anchorage they said was, "Well, you know, the Russians got this two or 300 billion billion dollars that's frozen. We'll put that into what?
77:18an investment fund and Donald Trump, not the president of the United States, Donald Trump will be in charge of all of it for all territory and he will dis.
77:27So, it's the same thing over >> it's the same thing as the peace board there in Gaza, right? He runs the peace board and there's going to be reconstruction there quote and uh he's going to get a big cut. You see, he likes these investment fund deals because he and his and his sons are in on the deals, you know, all the details, fine details, the companies that get created to get a get a piece of the pie, right? Uh he's always got his hands in all these investment deals. Uh and uh they never really materialize. So, it's just a tactic to try to fool the Iranians, which I don't think they're going to be fooled, you know, or we'll
78:03do something about, you know, your reparations and the damages after you open uh the fund, then we'll talk about investment fund and that will be manipulated by the financial guys, you know, like Kushner and and Wickoff and all the other criminals uh to it's a repeat. It's a repeat. The same thing happened when he tried to sell this thing about the the Ukraine minerals deal, right? Yes.
78:28>> It's the same thing over and over. So it it's phony. It's phony.
78:33>> You know what it sounds like, Dr. Jack?
78:35I will gladly pay you Tuesday for a hamburger.
78:40We know where that's going, right? For a hamburger that I will eat today. Going to have to promise Iran upwards of 300 billion dollar.
78:48>> What's that?
78:49>> That's called finance capital negotiating.
78:52>> Exactly. All right. Now, left to a great man of peace. I'm being facicious. Um here's uh here's um Jake Sullivan. I believe that's Jake Sullivan. It looks like Jake Sullivan.
79:03>> United States is going to have to promise Iran upwards of $300 billion.
79:08Barack Obama was attacked for a $1.7 billion uh payment and now we're talking about $300 billion. The reason I think President Trump is looking at taking this deal is he does not have a good alternative. He tried to bomb Iran. He tried to blockade Iran. He tried to bully Iran. And he is stuck. So this may be the best of the very bad outcomes available to him. And it just shows you what a misbgotten war this was from the beginning. The United States is going to have to promise Iran upwards of 300 billion dollar.
79:38>> Dr. Jack, the other thing is that's interesting about these discussions about giving Iran money. Well, you know, like a lot of this money Iran paid to the United States back when the sha was in and said, "Hey, we'd like to buy some fighter planes and things from you." And the US said, "Sure, we'll take the money." And then all of a sudden the sha wasn't there and the United States said, "Yeah, we'll keep the money." But now when you listen to the neocons, it sounds like somehow they were gracious graciously holding on to this money for Iran and Iran's or or they never Iran's just asking them to give them money.
80:12Actually, they're holding on to stolen loot from Iran.
80:16>> Yeah. And that's how they'll they'll provide the collateral for this deal, right? They'll give Iran their their stolen uh assets back, right, as part of this 300 billion deal. And of course, they will participate, meaning Trump and his finance capital, Zionist buddies, uh they're they're going to profit off of this. You know, it's always how you make money off of something. That's all it is. You know, it's all a grift. It's all a big drift.
80:43>> Well, you know, J, Dr. Jack Jack, in in the context of this so-called money that we're holding for Iran, that's something that's never discussed. [clears throat] Wherever it's held, I don't know, you know, JP Morgan Chase Manhattan, right?
80:56Let's say it's 7 bill 24 billion. Let's say it's whatever with the Russians, tens of billions, whatever, right? That money is sitting somewhere. And wherever that money is sitting, people are taking loans out against that money. People are investing it. So 24 billion dollars of Iran's money. If it were given back to Iran, there's some neoliberal grifters that's actually making a fortune off of that money. That's why I believe they'll never give the money back because they have loans out against it. They probably sold assetbacked securities against it.
81:33They're making a fortune off that money.
81:35They can't give that money back if they wanted to, Dr. Jack.
81:38>> Yeah. That that's why the Europeans won't give the $260 billion dollars of Russian frozen assets back to them.
81:43They'll use it as a collateral to give loans to Ukraine. And that's why the Venezuelans never got their stolen gold or their businesses back. And even now, they won't get it back. Uh I mean once that money is grabbed by the capitalists I mean they they just as you say it gets entangled in the whole uh investment networks that they have and uh you know for them to give it back would be to disrupt the whole thing and uh to reveal who's behind all the theft and everything. Uh so it's not going to be given back. It's it's a you know Sullivan whoever this guy was he says they're promise Trump is going to
82:19promise the US is going to promise. I mean, are the Iranians going to believe any promises from the US? You know, uh, I don't think so at this point, you know. I mean, they promised not to bomb them back June, and of course they did, right? Uh, the US, uh, you know, makes concessions as a temporary tactic. Uh, and treaties are a temporary tactic.
82:40when when the relationship of forces are not in the totally in in the empire's favor, you know, they'll they'll they'll try to freeze the situation a little bit and uh you know, make a treaty or uh you know, make a concession here and there, but soon as the the relationship is back in their favor, they break it. You know, [snorts] the US has broken 250 plus treaties over its history. Treaties don't mean a damn thing to the US. You know, >> you know, Dr. Jack, my my my understanding is that over the course of history, say African countries, what were considered developing, which was a metaphor for we're not going to let them
83:16develop, but developing world countries, um the US would go in the West, the IMF, whoever, and say, "We're going to lend you whatever, hund00 million for development." Oh, really? How's that $und00 million get spent? American companies are going to come in, and the money is going to go to American companies who say, "We're going to build a road." and they'll charge you 10 times for a road and they'll just leave and it's never built. Oh yes, they're going to build power plants. American countries come in and they build power plants that don't work or they're never finished or they're sitting in the
83:44middle of the bridge to nowhere. So, historically, when the US would go in and they'd have some puppet government in who would sign off for the loan, American companies would come in and then let's do this even worse, the American companies would hire Filipino workers or workers from some other country to work for nothing. So the people in the country didn't even get jobs. And once they'd stolen all of the American loans into the hands of American companies, they'd go back to America and they'd say to the African country, "You owe us for these loans and if you can't give it to us, we're going to take airports that we just built that
84:17don't even work."
84:19>> Yeah. Well, you described what the World Bank does, provides project funds. IMF bails out countries that have currency problems, currency instability. But uh you know that whole strategy that you you just described is a way of exploiting the world bank and the empire US exploiting these countries uh because that money a lot of that money to these countries for projects infrastructure projects never leaves the US. It goes as you say right from the US Treasury to US companies. uh but you know a good example is uh it's not working in Africa uh China doesn't put all those strings attached right and now China belt and
84:58road and everything uh is uh you know out competing the US in Africa in particular the World Bank's in trouble in Africa right they're being outco competed uh by by the Chinese and who knows you know maybe South America is next but um it's a good example of of how the institutions of the empire empire are not as successful and as efficient as they used to be. You know, in my forthcoming book, Twilight American Imperialism, I look at about a dozen of the key institutions of empire and also the key practices of empire, what empires do, you know, military, economically and so forth. And uh uh very clearly uh the empire is declining
85:40because these practices are not as successful and the institutions are underperforming compared to how they used to perform in the past. On top of that, the finances of the empire are uh reaching a breaking point. Uh so you know all this talk about uh you know we're going to do this and we're going to do that for you uh whether it's Iran or Africa or whatever is just you know part of the attempt of the empire to maintain its its hijgemony and it's having a hard time with Iran. you know, we're trying to come up with a formula to fool Iran into agreeing or staying within the empire, right? Uh and Iran is saying,
86:21"No, like a lot of other countries, say, no, we're going to go our own way." You know, one of the fundamental developments in the 21st century is that the global south has really industrialized and it's really economically increasingly independent now. And the empire cannot squeeze it uh as it used to in the past when it was totally dependent on dollars, totally dependent on the World Bank and IMF and all the rest, right? Uh they're not totally dependent anymore. Uh and you can see it in G20, right? Going on, but uh you know, these other countries are are saying we're going to be independent more and we're going to choose our own
87:00way. And that's the bigger picture here going on. you know, Iran's one of these countries and uh what's going on with Iran and with Venezuela so forth is an example of the empire desperately uh trying to pull them back in some way.
87:16And if not, uh try to whack them on the head because in the past that worked, right? Uh but the whacking doesn't do so do so good because you know you can build all these aircraft carriers you want. you know, you can build all these fifth generation fighter aircraft that you want, right? Um, but with the change in military technology and asymmetric warfare, uh, these things are neutralized, right? Uh, and the US has not kept up uh, with the change in asymmetric warfare here. And you see, uh, Iran with, uh, you know, their their drones and their underwater drones and, you know, whatever else they got,
87:54missiles, etc., pretty much neutralized, you know, all these aircraft carriers and all these big surfer ships sitting ducks.
88:02>> You know, Dr. Jack, actually, I think this 300 billion story with Iran is the perfect example. Let me explain.
88:09[clears throat] So, the US is saying, "We want to do a fake 300 billion and we'll pretend like the money's going to you. We'll launder it through all of our usual." What's that?
88:20>> Yeah, exactly. We promise you 300 billion and and whatever amount it was it is. We will launder it through our own companies and fill our own stinking filthy greedy pockets and then you know you'll get the shaft. We'll get the gold mine. You'll get the shaft. Right.
88:35Here's the problem. Um and was it I forgot the guy with the New York Times that said you can't have McDonald's without McDonald Douglas.
88:43In the past the US would make you an offer you couldn't refuse. Country A. Do you want to take this offer? No. Well, then we'll blow you to hell and kill you. And they'd have to take it because the McDonald, the F-14 Tom Cats or whatever would come in and blow them up.
88:57So, in the past, we were gangsters, but gangsters got to have the gorilla. They got to have the guy that comes in and breaks your legs if you don't take the deal, right? We don't have the gorilla anymore. The mafia now says to Iran, "Take the deal." And Iran says, "Who's going to make me?" And we can't make them. So the fact that we don't have the kinetic capacity to militarily dominate Iran means these fake phony however hundred many billions of dollars to deal that they're not going to get any of it.
89:29We can't install the puppet government.
89:31We can't throw the government in there out and we can't threaten and dominate them. We can't even come in within a thousand miles of their coastline with one of our ships without getting without getting sunk. So, this is the perfect example of why that neoliberal fake um uh uh loan process doesn't work anymore.
89:53>> Well, you know, loan process is just the economic side of imperialism. The other side is the military side, but we've been talking about, we see it, you know, they resort to military means when the economic means, uh, you know, no longer work as they used to in the past. Now, the economic means is you disrupt the economy with uh send the CIA in there and you deny access to currency, dollars, because you got to have dollars in the old system to buy oil and all the other commodities, right? That's breaking down. Uh but, you know, deny their access to dollars, block their exports, uh deny uh sanctions, deny
90:31their imports, uh disrupt the economy in all kinds of ways. And that's how they used to do it before. And they've tried still to do that. Uh they had some success in doing that in Venezuela. Uh but uh you know they tried to do that in Iran but it uh really didn't work. Why is it not working? Because once again we come back to this fundamental fact that the global south is independent increasingly economically. They they are they are industrialized enough that they can trade with each other and they are arranging trade arrangements you know and they're able now because they could trade with each other before you know
91:10you get chopped off from the empire I I mean you economically atrophy you know uh now there's an alternative and there are alternative institutions you know the Chinese and the Russians and the bricks and mirror and all the payment systems you know uh and this is the fundamental challenge uh to the empire that now you've got a place where all these increasingly independent self-sufficient countries can go and survive other than having to trade and deal uh with with the west with the core you know the core of the empire is the G7 right and then there's a periphery of it and then there's the rest of the world and then there's the
91:48bricks um so you know what's going on today is that 21st century it's the the fundamentals are different quite different than they ever were before.
91:59And that's what the the empire is having a hell of a time dealing with. The economic pressures don't work. So they resort more to military pressures.
92:08That's Trump. That's Trump resorting to military pressures uh in lie of and in you know in combination of you know they're not trying to abandon their economic uh levers uh but they're resorting more to to military measures.
92:24But that's expensive. You see, that's extremely expensive, which gets to this whole question of how much is the empire able to afford given the way it's structured globally. You know, you you hear all this $960 billion, you know, budget for the Pentagon and defense. Well, defense department is actually more than the Pentagon budget.
92:46Uh but they don't tell you uh about all the other defense expenditures. you know uh we are spending what almost 400 billion now uh for homeland security over a hundred billion uh for the CIA and intelligence agencies that we know of right uh how much are we spending for past wars here since 2001 veterans affairs 400 million right 30 yeah 30ome billion uh to produce new uh new weapons uh new nuclear weapons you know then you got all these bases And then you got all these alliances and military assistance going on. And then what about the the defense department share of of the national debt which is a
93:32product of all the deficits which the war spending is a big part of. You know that's hundreds of billions a year now.
93:38Their share of the 1.1 trillion payments on on the national debt that's going to bond holders which are big corporations and wealthy individuals and countries.
93:48Right? And then they don't say anything about the black budget. You know, there's a secret black budget of advanced military equipment that does not get into the public record of the budget proposal.
94:00>> This this is negotiated between a handful of people running the military uh committees and the Pentagon and the president advisors. Uh, this is a secret fund, you know, and I looked at it, you know, it's hard to get information on it, but I I got some information almost a decade ago, and a decade ago it was 75 billion a year.
94:22>> Whoa.
94:22>> What is it now? You know, we don't know.
94:25So, if you add it all up, add it all up, it's $2.2 trillion we are spending on wars and defense this year, 2026. And now we got Hexet wants 200 billion more for overseas contingency operations to pay for all this stuff going on in Iran.
94:44You know, that's going to be added to the already 2.1 trillion estimated deficit this year. And then you got Trump in his next budget saying, "Oh, I need 500 billion more just for the Pentagon."
94:55>> Wow. We're at $3 trillion.
94:57>> The empire cannot afford as it is structured now. It cannot afford. We We are seeing uh the twilight of the whole it's a long process. Does not happen overnight. I don't I don't agree with those, you know, progressives who say, "Oh, the empire is collapsing."
95:14No, it's not collapsing, but it's in trouble.
95:19>> Well, let's talk about something else that's quite interesting, and that is >> uh let's see I am actually on the wrong you will forgive me. I'm struggling to make sure that I get to the right. Okay, there we go. The White House intervened to get a $620 million deal for a company tied to Donald Trump Jr. about 3 months before the Pentagon announced plans to lend money to Vulcan Elements Trump Jr.'s venture. When the Pentagon announced a 620 m million dollar loan last year to a small North Carolina startup linked to Donald Trump Jr. defense systems and company and the company tried to t down suspicions of cronyism. The president's
96:06eldest son said through a spokesperson that he wasn't involved. The Pentagon said Trump Jr. played no role in the record setting deal and the startup's founder told reporters that his company Vulcan elements received no political favor. But interviews that defense department records viewed by ProPublica shows the request to loan hundreds of millions of dollars to the firm linked to Trump was made by Peter Navaro, a White House adviser to President Trump and a friend of Trump Jun Juniors. Of the dozens of companies the Pentagon was considering funding at the time. Vulcans was the only deal initiated by a top aid
96:38to the president said an official at the Pentagon, oh, you're going to find this shocking was not authorized to speak publicly. Dr. harassment. But you know, this is the again, isn't this another sign of a declining empire when they get so brash when they get so open about this level of corruption? $620 million.
97:00>> Oh, corruption's rampant. Not not just uh you know, in in the executive branch, but you know, in the even in the legislative branch, insider trading and all that going on. But you know, I would like you know, I've been thinking about this because this this example is just the tip of an iceberg. the these examples of possible uh uh tampering involvement in corruption here, his family, his sons. I would like to see someone do a research to identify all the new companies that uh those two Trump's sons have created since his father was in office. What are those companies? What is their position, their
97:38investment, their role in these companies? Who are some of the other investors? You find a lot of big tech Zionist investors I'm sure right and uh identify who these companies are and then do the research as to oh how much of government assistance are they getting you know we forget last year Trump announced a 500 billion fund for AI to accelerate AI investments means that goes to the tech companies right that's what that is uh 500 billion I don't know how that's probably over you know multi-year period whatever uh but uh you Has that been created? Is there I'm sure there are all kind of subsidies
98:16from the federal government going to tech companies to help them build their data centers. And who knows what other technology startup for autonomous weapon systems, right? That's big. Uh you know, and how much is the Trump uh sons involved in the companies uh that are getting these subsidies from the federal government? I think some very interesting developments. And and along those lines, you know, I've often often thought also uh where the hell did all this multi-million dollar uh uh barrels of oil from Venezuela go? What did the US pay for those, if they paid at all?
98:58Where did that oil go? I don't think it's gone into the strategic petroleum reserve. Uh who's holding that? In what organization in the government is that being held? who sold it at what price to whom. You know, I think that's a massive grift going on here, seizing that Venezuelan oil. Uh, and uh, I I think Trump is involved with management because he said, "I'm going to control that just as he said, I'm going to control the expenses for the peace board in Gaza, right?"
99:28>> He is involved with this stuff. And he uses his son and he uses intermediators like Peter Navaro and others. you know, corporations send their lawyers to uh represent them and on the contracts and everything, you know, but uh this guy is grifting big time. This small stuff here, I think, pales when you look at probably what's happening with the peace board, what's happening with the Venezuelan oil, uh what's happening uh would happen with this investment fund.
99:58I mean, is this just an idea right now or do they have people on board? Uh, so you know, I mean, it's a total grift and and you know, empires and imperialism is always a grift.
100:09>> Yeah. Let's take a look at this video.
100:12>> Hello.
100:13>> Hello there. There's so much.
100:15>> Wait a minute. We're going to get this vid. We'll get this video going in a second. We have Glenn Greenwald. If I can ever get it straight. Let's see.
100:31for hours on end. Even giving Camala Harris an appointation of um I don't know if that's a word, but appointing her as the next candidate because he wasn't able to run.
100:44>> You're America first, right? That's what you're saying, right? Okay. So, >> do you agree that it was corrupt?
100:49>> That's why I'm somebody who believes that there was a lot of corruption in the Biden administration. My claim is not that the Biden administration was free of meaningful corruption. It was had a lot of corruption. My claim is that the Trump administration has a lot more corruption and we can talk about what those financial deals are. Okay.
101:04Well, I'll just give you one example.
101:06Jared Kushner, who's now running Middle East foreign policy and negotiating Middle East uh policy for Donald Trump, his son-in-law, right before right before he was uh put into that position just a year or so earlier, the he created a hedge fund. And the number one investor were the Saudis who invested $2 billion dollars in Jared Kushner's fund both as a reward for a job well done for the service that the Trump administration in the first term gave to the Saudis and also for making sure that the Saudis interests are protected. It's basically a bribe directly to the Trump family. The Trump family created a
101:37crypto company called the World called World Liberty Financial 49% of which is now owned by the United Arab Emirates.
101:44We've heard so much here about how important the UAE is, about how Saudi Arabia is, and they're funneling gigantic sums of money directly to the Trump family.
101:52>> Okay, but look at Can I I just want to interject a little bit because look at Nancy Pelosi. Look at all the inside trading. I agree with you. It goes way beyond that. Both sides do it. Is it right? No. But but Biden administration and all of the people on the Democratic side are doing it so much worse on such a larger scale. It's affecting America.
102:10I worked a lot on the Hunter Biden uh corruption case, principally that he got $50,000 uh a month from a company in Ukraine called Berisma when President Vice President Biden had immense influence in Ukraine. And as Andy McCarthy said, who's a longtime Republican conservative prosecutor, in order to talk about or compare the corruption, similar corruption by the Trump Suns and by Jared Kushner, you have to add two zeros to the amounts.
102:34And I think that's what the the concern is.
102:36>> Biden was >> um it's interesting. uh uh Dr. Jack, because there's there's the argument rather than people see this as a corrupt system, and I run into that, you know, I do my um Pacifica radio show and I run into that wherein people call and [clears throat] tell me, well, but Trump did that, that and and or this politician did this and I always can say, but both the the other party was doing this, right? But I don't say that from the as well that excuses it.
103:06Somehow if this person stole a billion and that person stole a billion, we have to forget both of them. I say it from the perspective of we have a crooked corrupt system and it's not a defense.
103:18And I think that's what Gle Glenn Greenwald's getting at is the nature of this system is corruption.
103:25>> Yeah. Well, you know that that lady there, whoever she was, that's a classic uh rhetorical distraction, right?
103:34Instead of answering the question or dealing with with the point at hand, uh you flip it uh and you reverse it to another question of somebody else uh you know, according to an argument you want to make, you don't you don't deal with the question. you ignore it by raising another question uh that uh appears to be the same and people hope that you'll get distracted and start talking about the the the second question. I mean that that's you know rhetoric uh and you come across that a lot you know especially in the media you know when you get interviewed by people um so you know that's the way to keep people ignorant
104:13uh of the facts and uh try to continue to manipulate public opinion that way and uh you know all these talk shows on cable and all that stuff that that's a constant constant tactic that they use >> you know Dr. Jack, if people study the the the the history of imperialism, if they study the the the you know, uh what was it? The the the the what was the big British tea company, you know what I mean? That was part of >> Yeah.
104:41>> was that >> Oh. Oh, okay. The East India Company.
104:45>> East India Company, right? The Great Atlantic and Pacific Tea Company. They used to have an called&P. If they study the history of this, right? What you'll find is as an example all of this talk about pirates you know the pirates most of the pirates work for the British uh you know uh government that the nature of empire is corruption and they you know may pretend as though you know argue about who's the most corrupt but this didn't start in 2020 20 when when when you know you look at we could go back to um I mean just in the last few Dick Cheney and what happened with him and all of the money that he was getting
105:26with his company. We could go forward to the Clinton initiative and all of the money that was flowing into the Clinton initiative. Jared Kushner is following in the footsteps of some pretty pretty bold people. The Clintons took a whole lot of money out of everywhere you Victor Pinchuk and the Ukrainian World Congress all the money that they sent.
105:43We see this over and over and over wherein historically when you go from president to president, when you go from politician to politician, this is just the way the game is played.
105:53>> Yeah. Well, the US is is is more sophisticated in banana republics, you know, in banana republics, they steal while they're in office. And of course, Trump's doing that, too. He's a banana dictator. Uh but uh if you look at uh uh people like uh Clinton and uh also uh Obama and Biden, whatever, how do these presidents end up multi-millionaires?
106:16I'm talking about 20, 30, 40 million once they leave office. How do they do that? You know, they don't have that money when they go in. Well, in America, the American way is uh you reward these presidents if they've done a job. and sometimes even senior bureaucrats like the central bank presidents uh chair of the Fed. Uh you reward them in a in a whole number of ways. One way is uh you set up um uh 15inut speeches to business conferences where you get paid a quarter million dollars each time you make a speech, right? Quarter million dollars.
106:50Uh, and even when you're running for office, like Hillary got in on that, too. Uh, you you were given book deals where you paid upfront millions of dollars and, uh, businesses agree uh, if if the book doesn't sell to buy the unsold books from the publishing company, right? That's one that's another way, the favorite way they do it. uh you get to set up foundations and people make all kind of contributions to those foundations uh that you are able to collect expenses from. All right, that's another favorite way you're given preferred economic deals like Obama. He had a nice deal there, you know, to make
107:28movies, you know, he didn't make many movies, but, you know, he he's I mean, how does he buy, you know, his nice place on Martha's Vineyard, you know, all of a sudden, right, when he's out of office and the Clintons, you know, I mean, talk about corruption. The Clintons are really, really corrupt.
107:44They're in in everything. Uh, we know book deals and and speeches and everything like that. And then there's other more nefarious ways in which they're uh you know they're awarded. I mean uh going back to Ronald Reagan, you know, when Ronald Reagan left office, right, he was halfdemanded anyway. Uh but uh big corporations made an arrangement for him to give a 10-minute speech in Tokyo that the media didn't know about. And he got paid $6 million for 10-minute speech.
108:18>> That's a good line. People don't know about that.
108:21There's all kind we reward these people who delivered while in office once they leave. Now Trump's broken that mold. I mean and and so so did you know Biden with the the Ukraine. You know he's using his son to get the money. Uh but uh this is the way it works. You know we are we are turning into a banana republic. We're stealing while we're there. Mr. Trump is you know really the case example of that. Uh but um we've had long history of rewarding making multi multi-millionaires. I'm not talking about two three million. I'm talking about 30 40 50 70 million dollars that these people are worth right once they leave office. And
109:01there's all these gimmicks on on on how we reward them once they leave office.
109:05>> Well, I guess Trump figures he's not a young man. He he doesn't have time to wait. He's got he's got to make [laughter] he's got to make his now. All right. Now, let's move on. Oh, look at this. The UN must, now this is Marco Rubio, the UN must open the straight of Hormuz for us, Rubio, for the UN's got to do it for us. Are they going to send the blue helmet guys in? What is the purpose of the UN? The UN was supposed to be a place where you could peacefully resolve glo global con. You got to laugh. We're taking it to the UN.
109:34They're always telling the UN they don't have to listen to us. Or they're saying that they want to blow up the UN or burn down the UN. The US condemned the UN for years because the UN wanted to peacefully resolve conflicts and objected to American and Israeli wars.
109:47The US The US must be in dire straits of horm if [snorts] they now beg the UN for help. Dr. Jack, we got a little video here. Let us try to see if we can check out our video. I had a little video here. All right, let's go.
110:05>> I think it's a real test for the UN, right? as a function as something that functions to that canol solve global problems. What is the purpose of the UN?
110:13The UN was supposed to be a place where you could peacefully resolve [laughter] global conflict. Right now you have a country who is unlawfully, criminally, and illegally taking possession of an international waterway and blowing up commercial vessels and putting mines in the [clears throat] water. I don't know if people appreciate like how outrageous this is, how unacceptable it is that any country would fire and try to sink commercial vessels or put mines in the water. Both of these things are illegal and so we're gonna take it to the UN and we're gonna I think it's a real test for >> well uh let's start here Dr. Jack. The
110:45United States right now owes money to Nicaragua because we illegally mined the Nicaraguan harbors in the 1980 and the UN decided that we needed to pay him and we're never going to pay them. Uh right now Israel is blowing up half of Lebanon and stealing the country. No problem.
111:06Let them do that. They're they can actually killing civilians and taking the country. But we've got to go to the UN because they've got to set these people. They just blew up a shot at a tanker who they whom they warmed warned and fired um warning shots at before they they they they fired at it. Dr.
111:22Jack.
111:23>> Yeah. Well, it's it's kind of ironic, you know, when you listen to what Rubio's saying and then you think, well, you know, didn't uh didn't Trump essentially tell the UN to go to hell and he set up a parallel peace board in Gaza? [laughter] His own UN. He set up his own UN with him in control of everything, including the money, right? And and the US owes the UN4 billion dollars. I mean, under Biden, it was two. under under Trump, it's $4 billion. And now he wants to go and he wants the UN to, you know, come up with a decision, right? Uh favoring us. You know, I I I listened to what he said and I said, "Well, what if you in
112:04his speech just just changed out Iran for Israel?" Would he feel the same way in that speech? Because it would have been exactly the same thing, even worse, right? Genocide and at war with four different countries in it on its border.
112:19uh you know I mean it's all hypocrisy you know going going to the UN I think that's just buying buying time you see I I think the U the US is just buying time here uh to put more pressure uh in whatever way it can on on Iran. The US doesn't want a deal with Iran. You can't get a you can't get a deal where they're in because its demands are uh you know you got to give up all of your nuclear physible material, right? Uh secondly, you got to totally abandon the straight of of hormos, right? Make it the way it was before. Uh and then um you know the other demand is oh well you know what the Israel's doing has nothing to do
113:04with this right? Do you think you know Iran's gonna agree to any of that?
113:08That's why it's all phony. All this stuff about a deal, a deal is phony.
113:13Trump keeps saying, "Oh, a deal is imminent." And then he threatens Iran in the next breath, right? How many times has he tried to talk down the markets and the price of oil since April 7th, right? By saying, "Oh, a deal is imminent." I'll tell you, 13 times. 13 times he's talked down. And of course the price of oil goes spot oil not the real price goes from 110 down to 90 95 you know then it drifts back up when it's apparent you know oh then it goes back down right 13 times this is all about trying to control uh the price of oil because he knows he can't get a settlement I mean even if Iran agreed to
113:54this the the hormos and the fisionable material uh you still got Netanyahu able to scuttle the whole deal over Lebanon, right? And he will. There's not going to be any deal there. This is to buy time.
114:09You know, I I've been thinking about this and I think that Trump believes if he can keep the price of oil around $100 a barrel, right, until November, right?
114:22He thinks he can still win, right? How is he gonna win with inflation and the price of, you know, $100 barrel oil? And he'll try to keep it, you know, bouncing around here. Uh, well, I think he thinks he can win for two reasons. One is the the extreme gerrymandering going on in the House, right? Estimates are that the Republicans have gerrymandered somewhere between 12 and 15 extra seats in the House for themselves. The Democrats, as always, behind the curve. They got about five in California and I don't know where else couple couple here or there, right? So, they're going to get 10 seats, 10 more seats, you know. I also
115:03believe that Trump believes he's going to pass the Save Act. And the Save Act means you can't vote by ballot anymore and you got to go to a location, you got to show proof of citizenship, which means he thinks that that's going to help him on a few more seats in a few more locations. you know, I think he believes that he can he can wait it out.
115:25He can wait out Iran uh by just keeping it where it is now if he can keep the price of oil, you know, in the 100 range and do these other other things. So, I don't I don't agree with all this talk about, oh, you know, Trump is really behind a ball, he can't, you know, the economy is going to collapse and he's uh uh under pressure and he's got to do something about it real quick. He's desperate, right? He's desperate. I don't think he's so desperate.
115:52>> Let me ask you this, Dr. Jack. You're the man who would know this stuff technically.
115:56What's coming? How bad is it going to get? How soon is it going to get that bad for us and for the US?
116:03>> Bad in what sense? Economically?
116:04>> As far as economically bad, depression, recession, uh can't gas stations closed, Canada for the US and for and and for Europe. Well, Europe's another question, but uh as far as the US concerned, we got to wait to see in in July, July, August, right? Uh because that's when uh the real crunch comes with global oil.
116:27You know, all this talk about oil at a hundred dollars a barrel, whatever.
116:32That's the spot price of oil. That's 60 days from now. That's not the real price of oil. The real price of oil is 20, $30 a barrel more right now. Right. And we see uh the price of gasoline that's gone up uh 50% so far after 90 days. 50% you know the regular gas in the US has gone from $2.92 to $46265 something like that. You know it bounces down a little up and down that that's a dollar and a half a gallon. That's for regular gas. That's not for unlimited that most people buy. And it's not for diesel that the trucks got to use.
117:08Right. Out here in California, the price for a gallon of diesel is $8 a gallon.
117:14$8 already. You don't think that's not being passed on uh by the trucking firms uh carrying food and all the other things? You know, that's the primary reason why your food prices are going up. I think it's the transportation cost, right? Uh and then we have other other costs that have to do with utilities and electricity and insuranceances and so forth. Um I'm waiting for the third quarter to see what happens to the economy uh as a result of what's going on here. You know the in the second quarter here. I think they can get through the second quarter.
117:47I think the third quarter will really tell us what's going on. Um and uh it's it's not good. You know they say that the consumer price index is 3.8%. You know which is going up rapidly from what it was a couple months ago. But that's an that's a underestimation. You see uh because u that price you you got to understand from an e economics point of view how those price indices are methodologically determined and the assumptions in them. Uh they are structured to lowball the actual inflation. Uh especially the PCE is much worse than the CPI. But both of them the PC is partly determined by CPI. It's
118:29just a hodgepodge of of methods that they come up with this thing and they lowball it. Uh actually, you know, inflation around 4% officially right now. CPI, I I think it's more than 6%.
118:41If if the methodology I mean like a good example is interest rates. Interest rates aren't included in the inflation indexes. No, they're not included. You know, you know what's going with your credit cards and your mortgage and your autos and all that stuff, right? It's not included. There's all kind of other gimmicks uh that underestimate the the cost, the actual inflation rate. I'm not going to get into it's too too technical and everything, but uh you know, bottom line, you can add 2% uh to the inflation rate and very comfortably and that's that's probably more like what what it is. Uh and it's going to go up. There's
119:18no way it's not going to go up. And when it goes up, you can already see uh the impact on real spending, right? When you got to pay more for prices for gas, you're gonna pay less to r buy real things. And the price of gas, inflation is not factored in. It's supposed to be adjusted poorly, but adjusted some in your GP GDP, you know, your real economic growth, right? But you can already see it. Uh auto new auto uh consumption purchases are are really down in a whole number of other areas.
119:52They're down. uh things that people ordinarily would buy, you know, food and so forth. Um so it's already having an impact. Uh but we'll see in the third quarter how serious that impact is.
120:05>> Is there a is there a potential >> or I'm sure there is. But the will you look at this at some point and say some kind of 2008 style crash um that it could transfer from simply you know a physical thing where you can't get aluminum foil and you're buying on gas or you can't go to Disneyland. Does that transfer some po at some point to uh there was 635 layoffs, you know, to the deflation and things of that nature where we start seeing the structural breakdown of our economy?
120:39>> Yeah. Well, that question uh really suggests that the real economy uh has an impact on the financial side of the economy, right? That was a financial crash that froze up the bank system that led to mass layoffs, right? And a collapse of of the real economy. That's how that process and the real economy was weakening weakening before 2008. Uh but that accelerated it and caused the crash and then uh you know Obama didn't really put enough stimulus into the real economy to get it going and we limped along for five six years. You know we didn't recover the jobs we had in 2007 until 2015 and then the jobs that
121:18recover were at a lower wage than the jobs that we lost. you know, so uh I don't see I don't see a 2008 uh subprime mortgage crash imminent, you know, right now. It won't, in any event, uh it it won't be from subprime mortgages. Uh it'll come from another area. Uh we seen a little bit indication of that in February where we had some of the financial markets take a big contraction, a dip, right? All of a sudden, it became a worry. what what's AI going to do to all these traditional uh software companies, you know, like Salesforce.com and all the other, they're in trouble, too, right? And those prices took a took a big dip. Uh
122:03and then we had a dip in the gold price and the dip in the other financial asset prices because all these financial markets are uh are are really substitutable. Investments in financial assets are substitutable. You can go whatever one you want. So we saw a contraction back in February but it it has recovered some since then uh because of the massive boom in AI investment.
122:29you know, just the four largest AI companies, I I mean tech companies, you know, I I'm talking about Google and Meta and Amazon and whatever are investing $750 billion this year alone into AI, a lot of into data centers and, you know, chips and so forth. 750 billion. I don't believe they're going to get a return on that very soon. That's too much. you know, 550 last year, 750 this year, who knows the next year. It's a big bubble. It's a big bubble going on.
123:02And the big tech companies are going to make a potload of money, but selling AI solutions to the smaller non- tech businesses is going to be a bust. They But they'll make big money trying to tell these other companies, you know, oh, we got professional services that'll help you transit the AI. But, uh, you know, I saw one one survey that said 77% of non- tech CEOs, uh, are asking or are doubting that they're going to be able to make money off of AI. 77%.
123:36That means they're already worried. They don't see how they can make money. And if the base can't make money off of AI, all this big bubble, you know, in tech on the top, uh, is going to go bust. But in the meantime, these CEOs and these senior managers of tech companies, they're gonna get filthy rich off of this because the stock prices are are going through the roof. But it's all I it's all a scam. Not all of it is a scam. I'm not saying all of AI is a scam. It's going to result in a lot of jobs being lost. And by the way, it's not only gonna uh uh disrupt uh the employment at the end of the process,
124:13but even now it is causing all kind of disruption all the way up the management chain all the way up to the VP level.
124:22You know, people don't know who's going to have a job, who's going to get whacked, and who's going to still be around. You know, it's disrupting everything. And I think at some point you're going to get to investors saying, "Well, wait a minute. Where's all this $750 billion? How are we going to get a return? How soon?" You know, at what rate? Well, maybe we ought to pull back.
124:44Then you will see this the p the S&P 500 and NASDAQ and the stock markets take a dive. Then you may have what you're talking about. But that's all speculation. And it's not this year.
124:56Maybe next.
124:57>> Well, we've got uh wars. We've got uh Straits of Hormuzes. we got to keep clothes down and uh we've got uh Russia that we've got to keep them from doing whatever in the world they're trying to do. So, we've got lots of other all kinds of terrible things around the world that we have to do. And last but not least, we've got to contain China because you know that little old economy over there in China's nothing. The US, we just surround them with a couple of uh 13 billion dollar aircraft carriers and I'm sure they'll fold up like a cheap folding chair.
125:27>> Yeah. Well, you know, I mean, a good indicator Trump goes to China. What the hell did he get out of that? It's not clear he got anything out of that to China. But he gave them the most advanced US AI chips. Now, why the hell did he do that? Right? Why the hell did he do that? And didn't get anything coming home. Nothing on on trade, nothing on tariffs, nothing on uh you know, next generation military techn. He got nothing. Nothing. So why did he do it is the is the question. And subsequent to that, what did he do? The US was pushing Taiwan to buy $40 billion of US arms. All of a sudden he said,
126:10"No, you're only going to get 14."
126:13Was that part of the deal with China?
126:15What What is the US getting out of China? Is the question. No one knows at this point, but there is some kind of a deal or understanding. it wouldn't be put in the writing made. Uh but to me that tells me that uh uh Trump and the US empire is so preoccupied so preoccupied with the Middle East and trying to extricate itself uh out of funding Europe's next wars, right? And trying to put its house in order in the Western Hemisphere. uh that it's decided uh you know we we just got to hold the line best we can in the far east and we got to clean up the western hemisphere and uh we got to continue doing whatever
127:00Israel wants because you know the the Zionists both homegrown and foreign own you now so >> yeah I think uh I think your last uh your the the last part of your evaluation was uh probably maybe one of the most one of the most pertinent right now and one of the many many reasons that the US is uh dragging you know our economy and everything else is dragging trip to hell and I'll end this uh segment like I did the last one at some point it comes down to this what do the people do when they realize that when the illusion of democracy and constitutional order the the illusion that they have to some say in their
127:38government what do the people do when this illusion evaporates and they're like you know I think we've been head [laughter] I think we've been had we don't get Did he say that's one of these days it's going to come to that Dr.
127:49Jack?
127:50>> Yeah, one of these days it is. But in the interim, I don't see much change from uh the Democrats saying, "Well, the thing to do is vote for us, right?" And they have no solution uh to the wars or anything else. Uh it is all anti-Trump, anti-Trump. Well, they lost the last couple elections with that strategy. uh and you know uh I believe people have to come to the before they come to your question they got to come to the realization that uh being sucked back into the Democrat party is no solution either the Democrats would continue this war you know on behalf of Israel just as the Republicans are both of those those
128:31clowns are are controlled are bought and controlled so you know but that's how how how they keep us uh you know like mushrooms you know uh feed us and keep us in the dark right >> thank you very much Dr. Jack Dr. Jack Rasmus is a professor of political economy at St. Mary's College and a prolific author known for his critical analysis of neoliberalism and the global economy everybody go to jack rasmus.com you can see all of uh Dr. Jack's great books his writing you can keep up with his radio show Dr. Jack, look forward to talking to you again soon. Thanks a lot.
129:06>> My pleasure.
129:07>> All right, everybody. I'm Garland Nixon standing in for Jimmy Door. Coming up next, we got a real sharp guy, Larry Johnson, former CIA and uh the guy who maintains a great website at sonar21.com.
129:21We'll be right back.
129:23>> Thank you, Garland, and thank you, Dr.
129:25Rasmus. Uh those were great segments.
129:27Yes, we've got Larry Johnson coming up.
129:29Very excited about that. But right now, we're going to go to Rumble. So the link is in the YouTube chat pinned there for your convenience. We will see you over there everyone.
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