00:00So I think we're seeing the world sort of move in an entirely new direction.
00:04I would argue this is the end of Sykes-Picot.
00:07I think the maps are going to change.
00:10I'll be very surprised if all these family dictatorships in the Persian Gulf survive
00:15in their current form.
00:17I think the damage that's being done economically is going to stay with us for some period of time.
00:24The Indians have already turned to purchase oil again from the Russians,
00:28and that makes perfect sense for them.
00:31I'm surprised they ever went along with us to begin with.
00:34The dollar is losing airspeed and altitude.
00:41Economically, this is a catastrophe.
00:44Financially, for us, I think it's a disaster.
00:47It's going to take more time, but over time, it's going to get worse for us.
00:53Remember, we are the ones that have been boasting to the world about how powerful we are
00:59and how the entire world needs to shake in fear of the American military power.
01:05Well, then people are going to expect us to perform.
01:09Iran, on the other hand, hasn't got to do anything other than survive.
01:15As long as Iran survives and the longer the war lasts, the weaker we look, the weaker Israel looks,
01:21and the stronger Iran looks.
01:24And I think Iran is going to survive.
01:26I don't see any evidence that it's going to suddenly pick up the phone,
01:30call Washington, and beg for mercy.
01:32Don't see that happening.
01:34So we're in a real trick.
01:37I think at the end of the day, we're going to be swept out of the region.
01:40Look at what's happening in Iraq right now.
01:42The Shia are rising, and the Iraqi government wants us out of the country.
01:47It's wanted us out for years.
01:48I think we're going to have to get out.
01:50I don't think anybody living in the Gulf is going to want us in proximity to any of their harbors
01:56or airports or anything else.
01:59So I think this is a developing disaster for us.
02:03And Israel, Israel's Iron Dome isn't working very well.
02:08And although we are definitely trying to fire missiles in support of Israel,
02:12air and missile defense, the Iranians seem to have moved technologically much further
02:19than we anticipated.
02:20They are now able to deliver missiles that have decoys, that produce multiple warheads,
02:28and then the real dangerous missile that you're trying to penetrate with flies through
02:33while we are preoccupied with decoys.
02:35So this is not working terribly well for us.
02:40But the interesting part is in the West, the media, as always, is showing us a wonderful
02:46picture of American and Israeli military success.
02:50It's quite astonishing.
02:51I don't think that's the picture the rest of the world is beginning to get.
02:54I do these last few years.
02:56We do these last few years.
02:56And so when we think about Mister Maia and I are concerned about that,
02:58where else do you take your own application?
02:59And then there's this job lobbing.
