Europe faces deindustrialization due to energy supply cuts
“Under President Biden, the number one energy supply line to Europe was cut. The Nord Stream 2 pipeline from Russia to Germany. Under President Trump now, the second lifeline of energy has been cut, which is through the Strait of Hormuz. So really what's happening, and you know, none of that is sort of a surprise. You know, if you sort of take these actions, this is the result, reveal preference. We have to assume that's what those behind the scenes who advise the president want it because it's not surprising.”
Geopolitical instability is driving oil prices above $112
“SMP futures, Dow 1.48, Dow 1.36. Oil, gas prices right now, 112.17. It's skyrocketed. While this is going on, at the same time, we're hearing a bunch of other news that took place. And that statement, Bitcoin dropped. Markets concerned. People are worried. What's going to be happening? He did talk about the 4 million kids in America right now have that Trump account that's been created, which was some of the good news that he shared.”
Drones and missiles now challenge US naval dominance
“The very nature of warfare has fundamentally changed in a way that has arguably not happened since black powder rifles were used to take down heavy cavalry whenever that was four or five hundred years ago. And that is that Iran is using missiles and drones to stand off the United States Navy in a naval choke point. And so while there's something called Mahan Doctrine, which is you control naval choke points, you control the world. And that has been in force for four or five hundred years.”
Abandoning the Strait of Hormuz threatens dollar dominance
“Our job is to use our deep water, deep blue water Navy to maintain freedom of navigation for the world. That is why the world, there's a big reason why the world uses the dollar as the reserve currency. And so if we say, hey, this isn't our problem, number one, that starts to raise serious questions about why am I paying the Americans for weapons? Why am I paying the Americans to hold dollars? And then also, at a more fundamental level, if we're winning, why can't we open the Strait of Hormuz?”
Military conflicts are projected to exceed initial timelines
“We were told that the first attack was at the summer where we went in, we bombed, it was clean, we left. That was it. We took out all their nuclear launching capabilities, come to find out now. We were told it was for the people. I haven't heard a single thing from anybody on the ground. Any Iranians, the protesters here are like, yes, we want it, please help us. The internet's down, we don't know what the hell is going on. I don't see this not going a year, at least a year.”
