Podcasts about Saudis

The USMNT are through to the knockout stage of the Gold Cup! The boys break down their 1-0 win over Saudi Arabia including Chris Richards' big time performance, Tim Ream's refusal to be ushered out of the picture and Matt Freese making the most of his opportunity.Plus, JJ tells us why Inter Miami's triumph over FC Porto is not an MLS triumph and James Montague joins the show discussing his new book about the Saudis growing involvement in athletic competition.If you're looking for even more Caught Offside content, head on over to our premium channel, Caught Offside Plus!Just go to https://caughtoffside.supercast.com to sign up! Once you have access to the premium feed, be sure to go back and check out our special "welcome episode" from June 24th, 2024 (we don't think you'll be disappointed)!And for all the latest merch, get over to https://caughtoffsidepod.com/---Reddit: https://www.reddit.com/r/CaughtOffsidePod/X: https://twitter.com/COsoccerpodInstagram: https://www.instagram.com/caughtoffsidepod/Email: CaughtOffsidePod@gmail.comYoutube: https://www.youtube.com/@caughtoffsidepod Hosted on Acast. See acast.com/privacy for more information.

Since Israel launched Operation Rising Lion—a precise and defensive military campaign aimed at preventing the Iranian regime from acquiring nuclear weapons—Iran has responded with a barrage of ballistic missiles and drones, indiscriminately targeting Israeli civilians. Dr. Matthew Levitt, director of the Reinhard Program on Counterterrorism and Intelligence at the Washington Institute for Near East Policy, and a leading expert on Iran's global terror network, explains what's at stake—and what could come next. Take Action: We must stop a regime that vows to murder millions of Israelis from gaining the weapons to do it. Urge your elected leaders to assure that Israel has all the necessary support to end Iran's nuclear threat. Resources and Analysis: Iranian Regime vs. Israel War Explained: What You Should Know AJC Advocacy Anywhere: Israel and Iran: Latest Updates, Global Responses, and the Path Ahead 5 Key Reasons Behind Israel's Defensive Strike on Iran's Imminent Nuclear Threat Listen – AJC Podcasts: The Forgotten Exodus: Untold stories of Jews who left or were driven from Arab nations and Iran People of the Pod: Latest Episodes: Why Israel Had No Choice: Inside the Defensive Strike That Shook Iran's Nuclear Program What Rabbi Lord Jonathan Sacks' State of the Jewish World Teaches Us Today Follow People of the Pod on your favorite podcast app, and learn more at AJC.org/PeopleofthePod You can reach us at: peopleofthepod@ajc.org If you've appreciated this episode, please be sure to tell your friends, and rate and review us on Apple Podcasts or Spotify. Transcript of the Interview: Israel's shadow war with the Iranian regime, the world's leading state sponsor of terrorism, erupted into open conflict last week following a stunning report from the International Atomic Energy Agency that confirmed Iran was much closer to obtaining nuclear weapons than previously known. Since Israel launched a wave of attacks on nuclear sites and facilities, Iran has fired missiles toward Israel's most populated cities. Joining us to discuss what this all means is one of the foremost experts on Iran and its global threats, and a regular guest when trouble arises with Iran. Dr. Matthew Levitt, director of the Reinhard Counterterrorism Program at the Washington Institute for Near East Policy.  Matt, welcome back to People of the Pod. Matthew Levitt:   It's a pleasure to be back, but I need to come sometime when the world's okay.  Manya Brachear Pashman:   That would be nice. That'd be nice. But what will we talk about? Matthew Levitt:   Yeah, just call me one of the Horsemen of the Apocalypse. Manya Brachear Pashman:   Well, you are one of the foremost experts on the dangers posed by Iran, especially its terror proxies. And you've written the definitive book on Hezbollah, titled Hezbollah: the Global Footprint of Lebanon's Party of God. And I say that whole title, I want to get in there, because we are talking about global threats here.  Can you explain the scale of Iran's global threat and the critical role that its terror proxies, like Hezbollah, Hamas, the Houthis, play in advancing that strategy? Matthew Levitt:   So I really appreciate the question, because it's really important to remind listeners that the Israel Iran war did not start Thursday night US time, Friday morning, Israel time. In fact, it's just the latest salvo where the Israelis, after years and years and years of Iranian we call it malign activity, but that's too soft a term. We're talking about Iran sending weapons and funds to proxies like Hamas to carry out October 7, like Hezbollah to fire rockets at Israel almost daily for almost a year. Like the Houthis, who were much more than a thorn in the Saudi backside until the Iranians came and gave them more sophisticated capabilities.  We're talking about an Iran that a few years ago decided that instead of making sure that every gun that it sent to the West Bank had to go to Hamas or Islamic Jihad. They decided to just flood the West Bank with guns. Who cares who's shooting at the Israelis so long as somebody is. And an Iran that not only carries out human rights abuses of all kinds at home, but that threatens Israel and its neighbors with drones, low altitude cruise missiles, short range ballistic missiles, and medium and long range ballistic missiles.  And so the totality of this, much like the totality of Hezbollah's striking Israel for almost a year, ultimately led Israel to do what most people thought couldn't be done, and just tear Hezbollah apart, that the Israel war on Hezbollah is the prequel to what we've been seeing over the past few days in Iran. Similarly, for the Israelis, it got to be too much. It wasn't even really that President Trump's 60 days expired and Israel attacked on day 61. It wasn't only that the IAEA came out with a report saying that the Iranians have refused to explain certain activities that can only be explained as nuclear weaponization activities.  It was that the Israelis had information that two things were happening. One, that Iran was working very, very hard to rebuild its capability to manufacture medium, long range ballistic missiles that can hit Israel. After the Israeli reprisal attack last October took out a key component of that program, the mixers that are important for the solid propellant, without which you can't make ballistic missiles. And Iran is believed to have, at least the beginning of this recent round of the conflict –Thursday, Friday–about 2000 such missiles. Far fewer now, the Israelis say they've taken out about a third of them, plus launchers, plus radars, et cetera. But that Iran had a plan within just a few years to develop as many as 8000 of these. And that simply was not tolerable for the Israelis.  And the second is that the Israelis say that they compiled evidence that Iran had a secret, secret nuclear weapons program that had been going on predating October 7, but was fast tracked after October 7, that they were planning to maintain this program, even as they were negotiating over the more overt program with the Trump administration. President Trump has even taken issue with his own Director of National Intelligence Tulsi Gabbard, who testified in March that the US intelligence committee does not assess that Iran is weaponizing. And President says, I don't care what she says, I think they were very close to weaponizing.  The Israelis say they have shared this information at least recently with their US counterparts and that was not tolerable. So the primary goals that Israel has set out for itself with this campaign is beyond the critically important shattering the glass ceiling. Think where people in particular, in Iran thought this would never happen, was two things, one, addressing and significantly degrading and setting back the Iranian ballistic missile production program, and second, doing the same to the nuclear program. They've already carried out strikes at Isfahan, Natanz, even at the upper parts of Fordow. And there is an expectation that the Israelis are going to do something more. The Israeli national security advisor said on Israeli television today, We are not going to stop without addressing the nuclear activities at Fordow. Manya Brachear Pashman:   You know, you called it a prequel, Israel's operations against Hezbollah last year. Did you know that it was a prequel at the time and to what extent did it weaken Iran and leave it more vulnerable in this particular war? Matthew Levitt:   I'm going to be the last person in Washington, D.C. who tells you when he doesn't know. And anybody who tells you they did know is lying to you. None of us saw what Israel did to Hezbollah coming. None of us saw that and said, Oh, they did it to a non-state actor right across their border. So they'll definitely be able to do it to Iran, 1000+ kilometers away, big nation state with massive arsenals and a nuclear program and lots of proxies. One plus one does not equal three in this.  In other words, the fact that Israel developed mind boggling capabilities and incredible intelligence, dominance and then special tools, pagers and walkie talkies, in the case of Hezbollah, did not mean that they were going to be able to do the same vis a vis Iran. And they did. The same type of intelligence dominance, the same type of intelligence, knowing where somebody was at a certain time, that the protocols would be that certain leaders would get in a certain secret bunker once hostilities started, and they'd be able to take them out in that bunker. As they did to a bunch of senior Hezbollah commanders just months ago. Drone operations from within Iran, Iran being hit with missiles that were fired at Iran from within Iran, all of it. One case did not necessarily translate into the other. It is exponentially impressive. And Israel's enemies have to be saying, you know, that the Israelis are just all capable. Now you're absolutely right. You hit the nail on the head on one critical issue. For a very long time, Israel was at least somewhat deterred, I would say very deterred, from targeting Iran. Because Iran had made very, very clear if Israel or the United States or anybody else targeted Iran or its nuclear program, one of the first things that would happen would be that Hezbollah in Lebanon, Israel, Iran's first, most important proxy would rain hellfire in Israel in the form of 1000s upon 1000s of rockets. Until Israel addressed the problem, Hezbollah is believed to have had 150 to 200,000 different types of projectiles, up to and including precision guided munitions.  Not only have the overwhelming majority of those been destroyed, Hezbollah still has 1000s of rockets, but Hezbollah leadership has been decimated. There's a new sheriff in town in Lebanon. There's a new government that immediately, when hostility started with Iran's, went to Hezbollah and said, You're not doing this, not dragging Lebanon back into a war that nobody wanted again. We are finally coming out of this economic crisis. And so Iran was faced with a situation where it didn't have Hezbollah to deter Israel.  Israel, you know, paved the way for a highway in the air to Iran, taking out air defense systems. It was able to fly over and through Syria. The Syrians are not shedding any tears as they see the Quds Force and the IRGC getting beaten down after what Iran did in Syria. And the Israelis have air dominance now. President Trump said, We, using the we term, air dominance now, earlier today. And they're able to slowly and methodically continue to target the ballistic missile program. Primarily, the medium and long range missiles that target Israel, but sometimes it's the same production lines that produce the short range missiles that Iran uses to target U.S. Forces in the region, and our allies in the Gulf. So Israel is not just protecting itself, it's protecting the region. And then also taking out key military security intelligence personnel, sometimes taking out one person, then a couple days later, taking out the person who succeeded that person, and then also taking out key scientists who had the know-how to potentially rebuild all the things that Israel is now destroying. Manya Brachear Pashman:   But Israel is also not hearing from the Houthis, is not hearing from Hamas. It's not hearing from other terror proxies either. Very few attacks from Iran's terror proxies in the aftermath of this wave. Why? Why do you think that is? Matthew Levitt:   The crickets are loud. The crickets are loud. Look, we've discussed Hezbollah. Hezbollah understands that if it were to do something, the Israelis will come in even harder and destroy what's left. Hamas is still holding hostages. This is still an open wound, but it doesn't have the capabilities that it once had, and so there have been a couple of short range things that they tried to shoot, but it's not anything that's going to do huge damage, and the Israeli systems can deal with those.  The Houthis did fire something, and it hurt some Palestinians near Hebron. You know, the Houthis and the Iranians in particular, in this conflict have killed Palestinians, and in one case, Syrians. They're continuing to hurt people that are not Israelis. One of the things that I think people are hopeful for is that as Iran tries to sue for peace, and it already is, it's been reaching out to Cyprus to pass messages, etcetera. The hope is that Iran will recognize that it's in a position whereby A) there has to be zero enrichment and the facilities have to be destroyed, whatever's left of them. And B) there's a hope that Israel and the United States together will be able to use this diplomatic moment to truly end the conflict in Gaza and get the hostages home. Manya Brachear Pashman:   Well, that was what I was going to ask. I mean, if Israel achieves its objectives in this war, primarily eliminating Iran's nuclear threat, how significant a setback would that be for Hamas and Iran's other terror proxies, and could it indeed pave the way for an end of the war in Gaza and the return of the hostages? Matthew Levitt:   Like everybody else, I'm so scarred, I don't want to get my hopes up, but I do see this as a distinct possibility, and here's why. Not Hezbollah, not the Houthis, not Hamas, none of them, and plenty of other proxies that don't start in the letter H, none of them could have been anywhere as capable as they've proven to be, were it not for Iranian money and weapons. Also some training, some intelligence, but primarily money and weapons.  And so Hamas is already on its back foot in this regard. It can still get some money in. It's still being able to make money off of humanitarian aid. Iran is still sending money in through money exchange houses and hawaladars, but not weapons. Their ability to manufacture weapons, their military industrial complex within Gaza, this is destroyed. Hezbollah, we've discussed, discussed, and a lot of their capabilities have been destroyed. And those that remain are largely deterred. The Houthis did shoot up some rockets, and the Israelis did carry out one significant retaliatory attack. But I think people are beginning to see the writing on the wall. The Israelis are kicking the stuffing out of Iran with pinprick attacks that are targeting the worst of the bad guys, including people who have carried out some of the worst human rights transgressions against Iranians. Let's not pretend that this is not affecting the average Iranian. It is. The president says, Everybody get out of Tehran. That's just not possible. People, average Iranians, good people. It must be just an absolute terror.  But Israel's not bombing, you know, apartment buildings, as Iran is doing in Israel, or as Russia is doing in Ukraine. And so it really is a different type of thing. And when the Houthis, when Hamas, when Hezbollah, look at this, you don't you don't poke the tiger when it's angry. I think they also understand now's the time to get into survival mode. What you want is for the regime in Iran not to be destroyed. This is no longer a moment, as it's been since long before October 7, but certainly since then, of how Iran as proxies, export Iran's revolution. This is now a question of how they maintain and preserve the revolution at home. And it's extremely important to the proxies that Iran remain, so that even if it's knocked down over time, hopefully, theoretically, from their perspective, it can regain its footing. It will still have, they hope, its oil and gas, etcetera, and they will get back to a point where they can continue to fund and arm the proxies in. Maybe even prioritize them as it takes them longer to rebuild their ballistic missile, drone, and nuclear programs. Manya Brachear Pashman:   Which is a scary prospect as well to know that terror proxies could be spread throughout the world and empowered even a little bit more. President Trump left the G7 summit a day early to meet with security advisors, and just a few hours ago, prior to this interview, President Trump called for Iran's, quote, unconditional surrender, saying that the US knows where the Supreme Leader is, and some other threatening language. But I mean, this appears to be a kind of a clear commitment to Israel. So I'm curious how you assess his administration's actions before and during the war thus far, and do you see the United States edging toward direct involvement? Matthew Levitt:   All politics is local, and there is a tug of war within the MAGA movement over whether or not the US should be getting involved. Not only in supporting an important ally, but in removing a critical threat. The President is clearly frustrated that Iran was not being more forthcoming in the negotiations. He said many times, we'd offered you a great deal, you should have taken the deal. He's very aware that his deadline ended, and they didn't particularly seem to care. There's also the background that once upon a time, they tried to assassinate him, I think, after the Israelis did what they did, the President appreciates capabilities. He appreciates success. He likes backing the winning horse. And so the New York Times is reporting that after getting off the phone with Prime Minister Netanyahu, President Trump reportedly turned to some aides and said, maybe we need to help him. Now it's not clear that's what's going to happen, and my understanding is that the Israelis have plans of their own for things like the heavily fortified facility at Fordow, which is the most important and highly fortified, protected of the nuclear installations. The Israeli National Security Advisor spoke today and said, you know, we're not going to be done until we do something with Fordow.  The United States can do multiple things only the United States has the MOP: the Massive Ordinance Penetrator, and the airplanes to deliver it, and they could end Fordow if they wanted. Short of that, they could do other things to support Israel. There's been defensive support for the State of Israel already, but there's other things they could do, refueling and other things if they wanted to. And at a minimum, I don't see the president restraining Israel at all. Now, I've heard some people say that so far, the President has fired nothing more than some social media postings, some of them even in all caps.  But the truth is, those do have an effect, and so long as Israel is not restrained. I think the Israelis went into this with a plan. That plan is not necessarily to entirely destroy the entire nuclear program, but if the ballistic missile program and the nuclear program are sufficiently degraded so that it will take them years and a tremendous amount of time and money to rebuild, knowing that Israel has broken the glass ceiling on this idea of targeting Iran, that if the Israelis feel they need to, they will come back. If the Iranians rebuild their air defense systems, the Israelis will address them and create a new highway going if they need to. I think the Israelis are making that clear. Knowing that it's going to be a little bit of a road for Iran, especially when it will have to deal with some domestic issues coming out of this.  Finally, the Israelis have started signaling there's other things they could do. The Israelis have not yet fully targeted oil and gas fields and facilities. For example, they had one set of attacks where they basically knocked at the front door of some of these facilities without walking in the house. That's signaling, and I think it's one of the reasons you're seeing Iran quietly trying to reach out for some type of a ceasefire. Other signaling, for example, is the Israelis deciding to fly all the way to Mashhad, which is in far eastern Iran, to take out an airplane. That airplane was not particularly important. It was the message. There is nowhere in Iran we can't go. It's not a question of distance, it's not a question of refueling, it's not a question of air defense systems. We can do what we need to do. And I think the Iranians understand that now. Manya Brachear Pashman:   So we talked about the commitment to Israel, and how clear, how important it is to clarify that commitment to Israel. How important is it to clarify the United States commitment to Arab partners in the Middle East to help defend them in other words, if this conflict escalates? Matthew Levitt:   This is critically important. You know, one of the individuals who was taken out, for example, was the person who was in charge of the drone attack on the Abqaiq oil facility in Saudi Arabia. If you look, for example, at the Saudi statement condemning the Israeli actions, it was issued by the Foreign Ministry without a single name attached to it. Wasn't issued by the Crown Prince, wasn't issued by the foreign minister. So I think you should expect a whole lot of public criticism. I imagine there's a different conversation going on behind closed doors. It's not necessarily, you know, pom-poming. This makes the Gulf states very, very nervous, in part because they understand that one way Iran could try and get out of this is to expand the conflict.  And that the reason they haven't is because, short of trying to prevent Iranians from taking to the streets and potentially doing something to maybe overthrow the regime, short of that, the number one thing that the Iranian regime is most desperate to avoid is getting the United States involved militarily. And I think the Iranians really understand and the messaging's been clear. If you target US Forces in the region, if you target our allies in the region, we'll get involved. If you don't, then we might not.  Now the President now is talking about potentially doing that, and as a lot of maybe this, maybe that, nothing very clear. I think what is clear is that the Israelis are going to continue doing what they need to do for another one to two weeks. Even going so far as doing something, though they haven't made clear what to address the really complicated problem of the fortified facility at Fordow. Manya Brachear Pashman:   So how important is it for global security if Israel is successful in eliminating the nuclear threat in Iran? Matthew Levitt:   Look, Iran has been the single most destabilizing factor in the region for a long time now. Imagine a region without a destabilizing revolutionary regime in Iran without a regime that is supporting Shia militants in Saudi Arabia and other Gulf countries.  Imagine the Shia militias in Iraq suddenly without a funder and a patron, enabling the Shia government in Iraq to actually be able to take control of the country and establish a monopoly over the use of force. At a time when the Shia militias, because of Iran's backing, are becoming more dangerous and more powerful in Iraq.  Imagine the Lebanese government being able to be more forward leaning in their effort to establish a monopoly over the use of force in that country, reclaim bases that Hezbollah has used for all this time, and establish a new Lebanon that is not beholden to Iran and Hezbollah.  And imagine an Israeli-Palestinian situation where you didn't have Hamas and Palestinian Islamic Jihad as spoilers. Recall that October 7 happened in large part because Hamas and Hezbollah and Iran could not tolerate the prospect of Israeli-Saudi normalization. For most Palestinians, this was great news. The Saudis were demanding real dividends for the Palestinians from the Netanyahu government, which was likely going to do them. This was great for Palestinians, bad for Hamas.  Imagine Hamas no longer getting that support from Iran. Imagine Iran no longer able to send or being interested in sending millions upon millions of dollars to its proxies, and instead spending what money it has on helping its population, instead of cracking down on it with human rights violations. You could have a very, very different region, let alone imagine Iran no longer carrying out acts of terrorism, kidnapping plots, abduction plots of dissidents and Jews and Israelis and others around the world of the type that we've seen throughout Europe and throughout the Middle East and even in the United States over the past few years. Manya Brachear Pashman:   That's quite an imagination you have. But I take your point. Let me ask you this then. Did you ever imagine that Israel would take this dramatic step?  Matthew Levitt:   What the Israelis have achieved, when you are so against the wall and you're forced to come up with solutions, because it's a matter of life or death – you make the impossible possible. And I think that perhaps the Iranians assumed that the Israeli post-October 7 doctrine applied to non-state actors only. And that doctrine is very simple. Israel will no longer allow adversaries who are openly committed to its destruction to build up weapons, arsenals that they can then use at some point to actually try and destroy Israel. They will not allow that to happen.  They allowed it to happen with Hamas. It was a mistake. They allowed it to happen with Hezbollah. It was a mistake that they corrected. And Iran is the biggest, arguably, really, the only existential threat as huge, as a tasking as that was, clearly they invested in doing it. And the question became, not, why can't it be done? What is it that has to be overcome? And I don't think sitting here with you right now, you know, what is it, 3:30 on Tuesday, the 17th, that we've seen the last of the tricks up Israel's sleeve.  Manya Brachear Pashman:   I only have one last question for you, and that is about the United States. The importance of the United States getting directly involved. I mean, we've talked about previously undisclosed nuclear sites, and who knows how many there could be. We're talking about more than what, 600,000 square miles of Iran. If the goal is a non nuclear Iran, can Israel finish this war without the United States, or does it even matter? I mean, is this just a step to force Iran back to the negotiating table with virtually zero leverage? Matthew Levitt:   So look, I don't think the goal here is completely destroying the Iranian nuclear program, or even completely destroying the Iranian ballistic missile program. The goal is to so degrade it that it is set back many, many years, and break that ceiling. People now understand if Israelis need to come back, they're coming back. I think they would like to do as much damage to these destructive programs as possible, of course, and I don't think we've seen the end of it. I think there are more tricks up Israel's sleeve when it comes to some of these complicated problems.  Judged by this yardstick, by the way, the Israeli operation is a tremendous success, tremendous success, even though there have been some significant casualties back in Israel, and even though this has caused tremendous trauma for innocent Iranians who have no love for the regime. This is a situation that the Iranian regime has brought down on all of us.  I do think that the Israelis have made very, very clear that this doesn't end until something is done to further disrupt and dismantle Fordow, which is the most important and the most heavily fortified, underground, under a mountain facility. It's not clear what the Israelis have in mind. It seems they have something in mind of their own. It's clear they would love for the United States to get involved, because the United States could do real damage to that facility and potentially end the Iranian nuclear program. But at the end of the day, if it can't be completely destroyed, I anticipate it's going to be damaged enough to significantly set it back. This phase of the Israel-Iran war, which didn't start last week, is not about pushing them back a week or a month or two months. Manya Brachear Pashman:   Well, Matt, thank you so much for your wise counsel and perspective on this matter, and yes, hopefully we can have you back another time to talk about peace and love and things that have nothing to do with war and conflict with Iran or its terror proxies. Matthew Levitt:   I would really look forward to prepping for that interview. In the meantime, I want to thank AJC for all the important work it does, and thank you guys for having me on the podcast. Manya Brachear Pashman:   If you missed last week's episodes, be sure to tune in for our crossover episode with Books and Beyond: The Rabbi Sacks Podcast, a podcast of the Rabbi Sacks Legacy, and my conversation with AJC's Jerusalem Director Avital Liebovich. During a special breaking news episode the day after Israel launched Operation Rising Lion, the latest in Israel's ongoing war of self-defense against the Iranian regime.  

This week we talk about tit-for-tat warfare, conflict off-ramps, and Israel's renewed attacks on Iran's nuclear program.We also discuss the Iron Dome, the Iran-Iraq War, and regime change.Recommended Book: How Much is Enough? by Robert and Edward SkidelskyTranscriptIn late-October of 2024, Israel launched a wave of airstrikes against targets in Iran and Syria. These strikes were code-named Operation Days of Repentance, and it marked the largest such attack on Iran by Israel since the 1980s, during the height of the Iran-Iraq War.Operation Days of Repentance was ostensibly a response to Iran's attack on Israel earlier than same month, that attack code-named Operation True Promise II, which involved the launch of around 200 ballistic missiles against Israeli targets. Operation True Promise II was itself a response to Israel's assassination of the leader of Hamas, the leader of Hezbollah, and the Deputy of Operations for Iran's Revolutionary Guard.If you feel like there might be a tit-for-tat pattern here, you're right. Iran and Israel have been at each other's throats since 1979, following the Islamic Revolution when Iran cut off all diplomatic relations with Israel; some backchannel relations continued between the two countries, even through part of the Iran-Iraq War, when Israel often supported Iran in that conflict, but things got tense in the early 1980s when Iran, partnering with the Syrian government, started backing Hezbollah and their effort to boot Israel out of Southern Lebanon, while also partnering with Islamist militants in Iraq and Yemen, including the Houthis, and at times Hamas in Gaza, as well.Most of these attacks have, until recently, been fairly restrained, all things considered. There's long been bravado by politicians on both sides of the mostly cold war-ish conflict, but they've generally told the other side what they would be hitting, and signaled just how far they would be going, telling them the extent of the damage they would cause, and why, which provides the other side ample opportunity to step off the escalatory ladder; everyone has the chance to posture for their constituents and then step back, finding an off-ramp and claiming victory in that specific scuffle.That back-and-forth in late-2024 largely stuck to that larger pattern, and both sides stuck with what typically works for them, in terms of doing damage: Israel flew more than 100 aircraft to just beyond or just inside Iran's borders and struck a bunch of military targets, like air defense batteries and missile production facilities, while Iran launched a few hundred far less-accurate missiles at broad portions of Israel—a type of attack that could conceivably result in a lot of civilian casualties, not just damage to military targets, which would typically be a no-no if you're trying to keep the tit-for-tat strikes regulated and avoid escalation, but because Israel has a fairly effective anti-missile system called the Iron Dome, Iran could be fairly confident that just hurling a large number of missiles in their general direction would be okay, as most of those missiles would be shot down by the Iron Dome, the rest by Israel's allies in the region, and the few that made it through or struck unoccupied land in the general vicinity would make their point.While this conflict has been fairly stable for decades, though, the tenor and tone seems to have changed substantially in 2025, and a recent wave of attacks by Israel is generally being seen as the culmination of several other efforts, and possibly an attempt by the Israeli government to change the nature of this conflict, perhaps permanently.And that's what I'd like to talk about today; Operation Rising Lion, and the implications of Israel's seeming expansion and evolution of their approach to dealing with Iran.—In mid-June of 2025, Israel's military launched early morning strikes against more than a dozen targets across Iran, most of the targets either fundamental to Iran's nuclear program or its military.The strikes were very targeted, and some were assassinations of top Iranian military leaders and nuclear scientists, like the Commander of the Revolutionary Guard, along with their families, including twenty children, who were presumably collateral damage. Some came from beyond Iran's borders, some were conducted by assets smuggled into Iran earlier: car bombs and drones, things like that.More attacks followed that initial wave, which resulted in the collapse of nuclear sites and airport structures, along with several residential buildings in the country's capitol, Tehran.This attack was ostensibly meant to hobble Iran's nuclear program, which the Iranian government has long claimed is for purely peaceful, energy-generation purposes, but which independent watchdog organizations, and pretty much every other non-Iranian-allied government says is probably dual-purpose, allowing Iran to produce nuclear energy, but also nuclear weapons.There was a deal on the books for a while that had Iran getting some benefits in exchange for allowing international regulators to monitor its nuclear program, but that deal, considered imperfect by many, but also relatively effective compared to having no deal at all, went away under the first Trump administration, and the nuclear program has apparently been chugging along since then with relative success; claims that Iran is just weeks from having enough fissile material to make a nuclear weapon have been common for years, now, but they apparently now have enough nuclear weapons-grade materials to make several bombs, and Israel in particular is quite keen to keep them from building such a weapon, as Iran's leaders, over the years, have said they'd like to wipe Israel off the face of the Earth, and nuclear weapons would be a relatively quick and easy way to make that happen.Of course, even without using such a weapon, simply having one or more is a sort of insurance policy against conventionally armed enemies. It ups the stakes in every type of conflict, and allows the nuclear-armed belligerent to persistently raise the specter of nuclear war if anyone threatens them, which is truly terrifying because of how many nuclear-related failsafes are in place around the world: one launch or detonation potentially becoming many, all at once, because of Dr. Strangelove-like automated systems that many militaries have readied, just in case.So the possibility that Iran might be on the brink of actually, really, truly this time making a nuclear weapon is part of the impetus for this new strike by Israel.But this is also probably a continuation of the larger effort to dismantle Iran's influence across the region by the current Israeli government, which, following the sneak attack on Israel by Hamas on October 7, 2023, and the subsequent invasion of the Gaza Strip by Israeli forces, has been trying to undermine Iran's proxies, which again, include quite a few militant organizations, the most powerful of which, in recent years, have been the trio of Hamas in Gaza, the Houthis in Yemen, and Hezbollah in southern Lebanon, right on Israel's border.Israel's invasion of Gaza, which has led to an absolutely catastrophic humanitarian situation for Gazan civilians, but has also led to the near-total collapse of Hamas as a functioning militant organization in the Strip, could be construed as a successful mission, if you ignore all those civilians casualties and fatalities, and the near-leveling of a good portion of the Strip.Israel was also able to take out a significant portion of Hezbollah's leadership via conventional aerial attacks and ground-assaults, and a bizarrely effective asymmetric attack using bombs installed in the pagers used by the organization, and it's been able to significantly decrease the Houthis' ability to menace ships passing through the Red Sea, using their own military, but also through their relationship with the US, which has significant naval assets in the area.Iran has long projected power in the region through its relationship with these proxies, providing them training and weapons and money in exchange for their flanking of Israel. That flanking was meant to keep Israel perpetually off-balance with the knowledge that if they ever do anything too serious, beyond the bounds of the controllable tit-for-tat, Cold War-style conflict in which they were engaged with Iran, they could suffer significant damage at home, from the north via Lebanon, from their southwestern flank via Gaza, or from a little ways to the south and via their coast from Yemen.Those proxies now largely hobbled, though, Israel found itself suddenly freed-up to do something more significant, and this attack is being seen by analysts as the initial stages of what might be a more substantial, perhaps permanent solution to the Iran problem. Rather than being a show of force or a tit-for-tat play, these might be the beginning days of an assault that's meant to enact not just a dismantling of Iran's nuclear program, but full-on regime change in Iran.And regime change means exactly what it sounds like: Iran's government is Islamist, meaning that it wants to enforce a fairly brutal, repressive version of Islam globally, and it already does so against its people. There have periodically been successful protests against these measures by Iranian citizens, especially by severely repressed women and minority groups in the country, including folks of different religions and LGBTQ identifying folks, among others, almost always these protests, and any other attempts to attain more rights and equality for people who aren't strictly Islamist men, generally result in violence, the black-bagging of protest leaders, extrajudicial killings and lifetime imprisonment and torture; a whole lot of really authoritarian, generally just villain-scale behavior by the Iranian government against anyone who steps out of line.So the Iranian government is pretty monstrous by most modern, democratic standards, and the Israeli government's seeming desire to crush it—to cry false on the regime's projection of strength, and create the circumstances for revolution, if that is indeed what they're doing—could be construed as a fairly noble goal.It perhaps serves the purposes of Israel, as again, Iran has said, over and over, that they want to destroy Israel and would totally do so, given the chance. But it arguably also serves the purpose of democratic-leaning people, and perhaps even more so folks who are suffering under the current Iranian regime, and maybe even other, similar regimes in the region. Which again, in terms of spreading democracy and human rights, sounds pretty good to some ears.That said, Israel is killing a lot of Iranian civilians alongside military targets, and its efforts in Gaza have led to accusations that it's committing genocide in the region. Israeli leaders have themselves been accused of anti-democratic actions, basically doubling-down on the nation's furthest-right, most militant, and most authoritarian and theocratic impulses, which makes any claims of moral superiority a little tricky for them to make, at this point.There's a chance, of course, that all this speculation and analysis ends up being completely off-base, and Israel is really, truly just trying to hobble Iran a bit, taking out some of their missile launchers and missile- and drone-manufacturing capacity, while also pushing back their acquisition of nuclear weapons by some meaningful amount of time; that amount of time currently unknown, as initial reports, at least, indicate that many of the attacks on Iran's most vital nuclear research and development facilities were perhaps not as effective as Israel had hoped. There's a chance that if enough overall damage is done, Iran's government will enthusiastically return to the negotiating table and perhaps be convinced to set their nuclear program aside willingly, but at the moment both Iran and Israel seem committed to hurting each other, physically.On that note, so far, as of the day I'm recording this, Iran has launched around 100 missiles, killed a few dozen Israelis, and injured more than 500 of the same. The Iranian government has said Israel's strikes have killed at least 224 people and wounded more than 1,200; though a human rights group says the death toll in Iran could be quite a bit higher than official government numbers, with more than 400 people killed, around half of them civilians, so far.It's been nearly a week of this, and it looks likely that these strikes will continue for at least another few days, though many analysts are now saying they expect this to go one for at least a few weeks, if indeed Israel is trying to knock out some of Iran's more hardened nuclear program-related targets; several of which are buried deep down in the ground, thus requiring bunker-buster-style missiles to reach and destroy, and Israel doesn't have such weapons in their arsenal.Neutralizing those targets would therefore mean either getting those kinds of weapons from the US or other allies, taking them out via some other means, which would probably take more time and entail more risk, or doing enough damage quickly than Iran's government is forced to the negotiation table.And if that ends up being the case, if Israel is really just gunning for the nuclear program and nothing else, this could be remembered as a significant strike, but one that mostly maintains the current status quo; same Iranian leadership, same perpetual conflict between these two nations, but Israel boasting even more of an upper-hand than before, with less to worry about in terms of serious damage from Iran or its proxies for the next several years, minimum.It does seem like a good moment to undertake regime change in Iran, though, as doing so could help Israel polish up its reputation, at least a little, following the reputational drubbing it has taken because of its actions in Gaza. I doubt people who have really turned on Israel would be convinced, as doing away with an abusive, extremist regime, while doing abusive, extremist regime stuff yourself the homefront, probably won't be an argument that convinces many Palestinian liberation-oriented people; there's a chance some of those people will even take up the cause of Iranian civilians, which is true to a point, as many Iranian civilians are suffering and will continue to suffer under Israel's attacks—though of course that leaves out the part about them also suffering, for much longer, under their current government.That said, taking Iran out of the geopolitical equation would serve a lot of international interests, including those of the US—which has long hated Iran—and Ukraine, the latter of which because Russia has allied itself with the Iranian government, and buys a lot of drones, among other weapons, from Iran. That regime falling could make life more difficult for Russia, at least in the short term, and it would mean another ally lost in the region, following the fall of the Assad regime in Syria in late-2024.There's a chance that these same geopolitical variables could pull other players into this conflict, though: Russia could help Iran, for instance, directly or indirectly, by sending supplies, taking out Israeli missiles and drones, maybe, while the US could help Israel (more directly, that is, as it's apparently already helping them by shooting down some of Iran's counterstrike projectiles) by providing bunker-buster weapons, or striking vital military targets from a distance.Such an escalation, on either side, would probably be pretty bad for everyone except possibly Iran, though Israel has said it wants the US to join in on its side, as that would likely result in a much quicker victory and far fewer casualties on its side.The US government is pretty keen to keep out of foreign conflicts right now, though, at least directly, and Russia is pretty bogged down by its invasion of Ukraine; there's a chance other regional powers, even smaller ones, could act as proxies for these larger, outside forces—the Saudis taking the opportunity to score some damage on their long-time rival, Iran, for instance, by helping out Israel—but any such acts would expand the scope of the conflict, and it's seldom politically expedient to do anything that might require your people make any kind of sacrifice, so most everyone will probably stay out of this as long as they can, unless there are serious benefits to doing so.Show Noteshttps://en.wikipedia.org/wiki/June_2025_Israeli_strikes_on_Iranhttps://www.politico.com/news/magazine/2025/06/13/israel-iran-regime-attack-goal-column-00405153https://www.foreignaffairs.com/israel/real-threat-iran-tehran-most-dangerous-option-responding-israelhttps://www.twz.com/news-features/could-iran-carry-out-its-threat-to-shut-the-strait-of-hormuzhttps://www.jpost.com/israel-news/defense-news/article-857713https://kyivindependent.com/israel-asks-us-to-join-strikes-on-irans-nuclear-sites-officials-told-axios/https://www.timesofisrael.com/liveblog-june-15-2025/https://www.twz.com/air/israel-escalates-to-attacking-iranian-energy-targets-after-ballistic-missiles-hit-tel-avivhttps://www.cnn.com/world/live-news/israel-iran-strikes-news-06-14-25https://www.timesofisrael.com/idf-confirms-irgc-air-force-chief-top-echelon-killed-in-israeli-strike/https://time.com/7294186/israel-warns-tehran-will-burn-deadly-strikes-traded-nuclear-program/https://www.nytimes.com/live/2025/06/14/world/israel-iran-newshttps://www.nytimes.com/2025/06/13/opinion/israel-iran-strikes.htmlhttps://www.nytimes.com/2025/06/14/world/middleeast/drones-smuggled-israel-iran-ukraine-russia.htmlhttps://www.nytimes.com/live/2025/06/15/world/iran-israel-nuclearhttps://www.nytimes.com/2025/06/15/world/middleeast/iran-military-leaders-killed.htmlhttps://www.nytimes.com/2024/04/14/world/europe/israel-iron-dome-defense.htmlhttps://www.nytimes.com/2025/06/14/world/middleeast/israel-iran-missile-attack.htmlhttps://www.nytimes.com/2025/06/14/world/middleeast/iran-israel-energy-facility-strikes-tehran.htmlhttps://www.cnn.com/world/live-news/israel-iran-strikes-news-06-15-25https://www.lawfaremedia.org/article/was-israel-s-strike-on-iran-a-good-idea--four-questions-to-askhttps://apnews.com/article/israel-iran-missile-attacks-nuclear-news-06-16-2025-c98074e62ce5afd4c3f6d33edaffa069https://www.nytimes.com/2025/06/16/world/middleeast/iran-israel-war-off-ramp.htmlhttps://en.wikipedia.org/wiki/October_2024_Iranian_strikes_on_Israelhttps://en.wikipedia.org/wiki/October_2024_Israeli_strikes_on_Iranhttps://en.wikipedia.org/wiki/Axis_of_Resistancehttps://en.wikipedia.org/wiki/2024_Lebanon_electronic_device_attacks This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement.  Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”.  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education.   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com   Russell Gray  1:54   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:10   Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen.   I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray.   Russell Gray  3:19   yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video.    Keith Weinhold  3:24   Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point.   Russell Gray 1  3:55    I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down.   Keith Weinhold  6:13   One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that.   Russell Gray 7:09   That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to.    Keith Weinhold  12:46   And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century.   Russell Gray  13:11   I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article   Keith Weinhold  15:38   fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago.    Russell Gray  15:45   I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks.   Keith Weinhold  20:12   Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods.   Russell Gray  20:56   What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers.    Keith Weinhold  25:30   It's almost if that could happen price in theUnited States of America, right?    Russell Gray  25:36   And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there.    Keith Weinhold  26:13   Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945   Russell Gray  26:32   Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out.   Keith Weinhold  29:44   Some credence to this. Yes, yeah, so. But with that said,   Russell Gray  29:47   you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure,   Keith Weinhold  32:23   there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time, in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family, 266, 866, to learn about freedom family investments, liquidity fund again. Text family, 266, 866,   Garrett Sutton  34:36   hi. This is Rich Dad advisor, Garrett Sutton. You're listening to the always valuable. Get rich education with Keith Weinhold, don't quit your Daydream.    Keith Weinhold  34:52   Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100%   Russell Gray  35:36   it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's   Keith Weinhold  40:07   a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism.   Russell Gray  41:04   I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right?   Keith Weinhold  45:56   And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there?   Russell Gray  46:54   Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst.   Keith Weinhold  51:29   Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that?   Russell Gray  52:31   I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people.   Keith Weinhold  53:00   Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith.   Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  55:13   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  55:36   You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

Welcome to The Times of Israel's Daily Briefing, your 20-minute audio update on what's happening in Israel, the Middle East and the Jewish world. US bureau chief Jacob Magid joins host Jessica Steinberg for today's episode. Magid offers the latest on the Gaza Humanitarian Foundation, with recent reports of staffers killed and perhaps taken captive by Hamas terrorists, as well as the possibility of some 25 Palestinians killed at one of the aid sites. Magid reviews the latest Hamas claims and GHF responses, discussing the confusion in this ongoing initiative. As the French and Saudis host a UN conference next week advancing a two-state solution, Magid says there is speculation whether France will use it as an opportunity to declare a Palestinian state, making it the most prominent country in the West to do so, while remaining an ally of Israel. Magid says there is still much indecision about the unilateral step, which could interfere with the ongoing hostage negotiations and with concerns about how Israel would react. Talks with Iran continue, with US President Donald Trump publicly criticizing the Iranian republic for not negotiating seriously. Magid looks at some of the serious steps being taken by the US to shield US personnel in the Middle East, possibly indicating that an attack is coming, either by the US or Israel. Following Prime Minister Benjamin Netanyahu's recent video statement about possible progress in hostage talks, which was dismissed by others, Magid notes that the recent phone conversation between Trump and Netanyahu points to the US president's intention that the war in Gaza needs to end, despite the Israeli government's interest in contining the military pressure in Gaza. Check out The Times of Israel's ongoing liveblog for more updates. For further reading: Gaza aid group says Hamas killed at least 5 local staffers, possibly abducted others Palestinians say 25 killed near Gaza aid site; IDF says troops fired at threats MBS attendance at 2-state confab to signal that France will recognize Palestinian state US slams UN conference on Israel-Palestinian issue, warns of consequences US begins evacuating Mideast embassies, army bases as Iran nuclear talks come to a head Trump said to have told Netanyahu to end Gaza war, attacking Iran off limits for now Subscribe to The Times of Israel Daily Briefing on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. This episode was produced by the Pod-Waves and video edited by Thomas Girsch. IMAGE: French President Emmanuel Macron, right, speaks with Saudi Arabia's Prime Minister and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud prior to a group photo at an EU-Gulf Cooperation Council meeting in Brussels, Belgium, Wednesday, Oct. 16, 2024. (AP Photo/Omar Havana)See omnystudio.com/listener for privacy information.

America's golfer-in-chief trades on exclusivity, but he still can't buy a green jacket. Are the Saudis using Donald Trump's obsession to disrupt even more than a super-league? Ahead of the U.S. Open, veteran golf reporter and author Alan Shipnuck takes Pablo behind the Shakespearean curtain. • Read "LIV and Let Die" by Alan Shipnuck https://www.simonandschuster.com/books/LIV-and-Let-Die/Alan-Shipnuck/9781668020012 Learn more about your ad choices. Visit podcastchoices.com/adchoices

America's golfer-in-chief trades on exclusivity, but he still can't buy a green jacket. Are the Saudis using Donald Trump's obsession to disrupt even more than a super-league? Ahead of the U.S. Open, veteran golf reporter and author Alan Shipnuck takes Pablo behind the Shakespearean curtain. • Read "LIV and Let Die" by Alan Shipnuck https://www.simonandschuster.com/books/LIV-and-Let-Die/Alan-Shipnuck/9781668020012 Learn more about your ad choices. Visit podcastchoices.com/adchoices

On this episode, the Kabsa Boys discuss France for just existing, Hamsters are Babies, China exempts Saudis from visas, Social Media is becoming dull, Joe Rogan misunderstood Zahi Hawass, Process or The Reward, and much more.⁠YouTube⁠⁠Instagram⁠⁠X

Charles Hallab, President and CEO of the US-Saudi Business Council, joins The TWENTY30 co-hosts Lucien Zeigler and Dr. Hanaa Almoaibed to react to the impact and importance of U.S. President Trump's recent visit to Saudi Arabia. Hallab, who recently became President and CEO of the longstanding organization after a lifelong career (and portion of his childhood!) in Saudi Arabia and in U.S.-Saudi business relations, characterizes the recent visit as more than a reset in relations, emphasizing the excitement and energy among young Saudis and the opportunities for US companies. The co-hosts speak with Charles about the durability of the new paradigm, how the real work is ready to be done in strengthening the relationship, and the ongoing challenges with updating perceptions about the Kingdom and the need for better storytelling to convey the progress being made under Vision 2030. Charles, a lawyer by trade, also discusses the impact of the legal reforms that have made doing business in Saudi Arabia more accessible.    Before the interview with Charles Hallab, the co-hosts catch up on recent travel to Saudi Arabia, where both hosts were over the past two weeks. Then the hosts get to the latest news on Saudi Arabia, including Franklin Templeton is ramping up its presence in Saudi Arabia, Saudi Arabia launches TOURISE to reshape global tourism, Saudi Arabia accelerates auto industry localization, and the iconic American rock band Guns and Roses performs in Saudi Arabia.  

DITCH YOUR DOCTOR! https://www.livelongerformula.com/wam Get a natural health practitioner and work with Christian Yordanov! Mention WAM and get a FREE masterclass! You will ALSO get a FREE metabolic function assessment! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ GET NON-MRNA FREEZE DRIED MEAT HERE: https://wambeef.com/ Use code WAMBEEF to save 20%! GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to save 5% plus free shipping! GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Use code JOSH to save money! Josh Sigurdson reports on the approval of gene edited pork by the FDA which many believe could seriously affect the human body going forward as simultaneously, mRNA meat is being rushed to pass and the FDA fast tracks "Self Amplifying mRNA vaccines." Farmers are begging for a bailout as they get pummeled by climate restrictions placed on them over the past 20 years, the war, the trade war, inflation and the latest fear campaign surrounding Bird Flu. Cattle are at a 73 year low. That means in 1952 when there were only 1 billion people on earth. Now there are 8 to 10 billion people but the same level of shortage. That is catastrophic. Now, governments are developing dangerous alternatives and poisonous meats for people to eat and they just happen to be simultaneously bringing in orders for rationing food. Interestingly, when one looks to Israel where AI technology and facial recognition is determining who gets ration foods, it's suspicious to say the least that the US government is rolling out facial recognition technology in the streets across the board. This is something we warned about back in 2014 when China rolled out their facial recognition technology to fine people for jaywalking. China was the role model for the Great Reset after all according to Klaus Schwab. All of this is happening as Trump makes deals with Elon, Palantir, OpenAI and the Saudis to bring in an Iron Dome and a massive technocratic surveillance network based on AI? It's obvious that this is the New World Order and it's being brought in by the Trojan Horse of Trump under the guise of being "anti-establishment." Are you prepared? The digital IDs and social credit scores are coming. Stay tuned for more from WAM! Get local, healthy, pasture raised meat delivered to your door here: https://wildpastures.com/promos/save-20-for-life/bonus15?oid=6&affid=321 USE THE LINK & get 20% off for life and $15 off your first box! SIGN UP FOR HOMESTEADING COURSES NOW: https://freedomfarmers.com/link/17150/ Get Prepared & Start The Move Towards Real Independence With Curtis Stone's Courses! GET YOUR WAV WATCH HERE: https://buy.wavwatch.com/WAM Use Code WAM to save $100 and purchase amazing healing frequency technology! GET ORGANIC CHAGA MUSHROOMS HERE: https://alaskachaga.com/wam Use code WAM to save money! See shop for a wide range of products! GET AMAZING MEAT STICKS HERE: https://4db671-1e.myshopify.com/discount/WAM?rfsn=8425577.918561&utm_source=refersion&utm_medium=affiliate&utm_campaign=8425577.918561 USE CODE WAM TO SAVE MONEY! GET YOUR FREEDOM KELLY KETTLE KIT HERE: https://patriotprepared.com/shop/freedom-kettle/ Use Code WAM and enjoy many solutions for the outdoors in the face of the impending reset! BUY GOLD HERE: https://firstnationalbullion.com/schedule-consult/ PayPal: ancientwonderstelevision@gmail.com FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media For subscriber only content! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2025

Ahmed Riesgo argues that the Saudis are “purposefully flooding the market” with oil to aid the Trump administration by driving down the price of oil and pressure Iran and Russia. He thinks Moody's downgrades of U.S. credit is “15 years late to the party.” The U.S. “doesn't deserve a triple-A rating,” he adds, with no sign of the country curbing its spending anytime soon. He expects the Mag 7 to “evolve into” utilities and defensive plays, rather than growth names.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

The news is dizzying. President Trump is visiting Saudi Arabia, Qatar, and the UAE where he'll meet terrorist leaders, negotiating with Iran that threatens Israel, the US, and the Arab world, and after cutting a deal with the Houthis that leaves Israel out, yet while brokering a deal with Hamas to secure the release of an American-Israeli hostage. There are rumors of Qatar, Hamas' patron and host, gifting a $400 million plane to Trump, raising questions of Qatari influence at a time they have not just supported Hamas, but also anti-Israel/antisemitic protests taking place across America. Head-spinning is an understatement. Even a knowledgeable observer could be forgiven for not understanding it all. Join us as we analyze, try to make sense, and look at the implications.· PLEASE DONATE TO THE GENESIS 123 FOUNDATION ISRAEL EMERGENCY FUND AT WWW.GENESIS123.CO Get information about how you can join Run for Zion at www.runforzion.comFor information about and how to register for Root & Branch, please go to www.RootandBranchIsrael.comConnect with the Genesis 123 Foundation at www.Genesis123.co and learn how you can host Shabbat in your community.FB - www.facebook.com/Genesis123Foundation Twitter - @Genesis123FIG - Genesis_123_FoundationFind out how you can be part of Run for Zion and bless Israel with every step at www.RunforZion.com.

IN NEWS: Newark Airport is a disaster! Plantation fire! IN POLITICS: NJ elections. Trump v. everybody except for the Saudis. Cory Booker and the Kushners. IN SPORTS: THE KNICKS!! RG3 brain cells getting involved in WNBA for no reason.

President Trump's Art of the Deal is brilliant, but are Radical Islamist-sympathizers on the same page? Today, TheTerrorist Therapist® Carole Lieberman, M.D., poses the question: can Trump's clever logic overcome the illogical religious zeal that drives terrorists to rape and murder? It's the nagging question underlying his recent trip to the Middle East.President Trump visited Saudi Arabia, Qatar, and the United Arab Emirates. He met with their leaders, as well as the leader of Syria. He was given a royal welcome - with horses, camels, hair flip dancers, and dined on delicacies in fine palaces. He made billions of dollars worth of trade agreements benefitting America. But, each of these countries and leaders have a ‘mixed bag' ofpositive and negative relations with the U.S. For example, Trump made lucrative deals with Saudi Arabia and even  arranged for an Arabian leopard to be exhibited at an American zoo, while victims of 9/11 are still pursuing a lawsuit against the Saudis for their role in this attack. Trump made similar gains in Qatar. As an ally, they continue to  host our troops at the Al Udeid Air base; but, as an enemy, they also host the leaders of Hamas. The United Arab Emirates has a more positive history, in that it signed the Abraham Accords, which Trump has continued to try to convince these other leaders to sign. You will hear about the risks and benefits at each of the stops on his itinerary. The Prophet Muhammad said, “War is deceit.” So, can we trust these countries? Is Qatar's gift of a flying palace for Air Force 1 a Trojan horse and a risk to Trump's life? I hope not. These are risky times, but Trump is nonetheless working hard to fulfill his promises to bring about world peace. 

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Send us a textThey really banned me off TikTok for telling the truth — meanwhile, deepfakes and lies are just fine. In this episode of R2 Cents, I talk about the mental gymnastics behind “community guidelines,” how saying the word discipline gets you age-restricted, and how calling someone a Neanderthal is somehow a violation.We cover the Palm Springs bombing and the motive behind it, the ridiculousness of job interview questions, and how fake meat has been on our plates longer than you think.Also: lasers starting fires, head transplants being real now, Trump's meeting with the Saudis (and how one guy there was on the FBI's Most Wanted list), and why sports talk podcasts ain't it. Welcome to the one place where you can still say the stuff they don't want you to. Keywords (for algorithm): TikTok ban, government mind control, fake memories, censorship on social media, YouTube age restriction, free speech online, Palm Springs bombing, fake meat truth, job interviews are stupid, why do you want to work here, laser fire conspiracy, head transplant news, Trump Saudi meeting, FBI most wanted 2025, podcast truth, R2 Cents podcast, Oscar R2 Cents, podcast exposing lies, truth podcast 2025  Thanks for listening to R2 Cents With Oscar! If you enjoyed the episode, please subscribe, rate, and leave a review on your favorite podcast platform — it helps us grow! Follow us for more updates and behind-the-scenes content: R2 Cents Store: https://my-store-107a697.creator-spring.com Buy Oscar a coffee: https://buymeacoffee.com/r2cents Official Site: www.r2centswoscar.com Subscribe on YouTube: www.youtube.com/channel/UCb-X7wvMYSyywC1X3kUjHUA Instagram: https://www.instagram.com/r2_cents/ Support the show by sharing it with friends or checking out our affiliate links in the description. Disclaimer: The views expressed on this podcast are for entertainment purposes only and do not reflect the views of any organizations or individuals mentioned.

[EP 25-197] It's amazing how good things are infectious.The difference it makes when you select leaders. A good coach can make all the difference.Good coach and good assistants. That's what President Trump brings.I heard that his announcement of lifting sanctions against Syria had almost the entire country CHEERING in the streets.Consider the long-range impact of his meeting with the Saudis and Qatar…[SEGMENT 1-2] Good News Keeps Coming 2[X] SB – RFK Jr News is profit. News only has an obligation to shareholders. They appeal to prurient interest…sex and celebrity gossip. No real news.1/6 American women have too much mercury.How DARE Trump remove toxins from our food and make America more healthy?How DARE Trump lower the price of prescription drugs and make them more affordable?Become a supporter of this podcast: https://www.spreaker.com/podcast/the-kevin-jackson-show--2896352/support.

Darrell Castle talks about Present Trump's trip to the Middle East and how it reflects Trump's vision of the world --- how it can be more peaceful and prosperous for everyone. Transcription / Notes WHY NEO-CONS HATE TRUMP Hello, this is Darrell Castle with today's Castle Report. This is Friday the 16th day of May in the year of our Lord 2025. I will be talking about President Trump's trip to the Middle East which should be finishing just about as I record this report. The trip reflects Trump's vision of the world and how it can be more peaceful, and prosperous for everyone, in other words the anti-neo-con view of the world. President Trump is currently on a Presidential trip to several Middle East countries including Saudi Arabia, his first stop, and then several of the Gulf Arab States including Qatar, the second stop. While he was in Riyadh, he spoke to the new leader of Syria which is interesting because until the fall of Assad that man was listed as a wanted international terrorist. Apparently Mr. Erdogan of Turkey joined in the conversation by phone and lobbied Trump to lift the sanctions on Syria which Trump agreed to do. His reception by the Middle East countries has been phenomenal and met with similar joy as his election was met with joy by his supporters. That joy is in reality hope for what could be and hopefully will be with the Trump Presidency. When Air Force One entered Saudi air space six Saudi jet fighters came out and flew escort for the descent into Riyadh. The Crown Prince, Bin Salman came out to personally greet his arrival something he publicly did not do when President Biden visited. A long purple carpet stretched from the airplane steps to the waiting limousines while American music played from loudspeakers. The Saudis even rigged up a mobile McDonalds restaurant on the trailer of a large truck in reference to the President's legendary fondness for McDonalds cheeseburgers. Trump seems to have an affinity for Middle East people and especially their leaders because he shares a few things in common with them. He doesn't drink and he does not condemn their culture and way of life. Let me pause here for a moment and give a little history to illustrate my point. First we have George H.W. Bush's war to oust Saddam Hussein from Kuwait with its “this aggression will not stand rhetoric.” Then we have 8 years of Bill Clinton's no fly zone over Iraq with its starvation of hundreds of thousands, allegedly. We then follow that with 8 years of George W. Bush's Global War on Terror with its invasion of Iraq and Afghanistan. We follow that with 8 years of Barack Obama's Afghanistan the good war as opposed to Iraq the bad war. Donald Trump comes in and tries to extricate himself from Afghanistan but Joe Biden finally does it, albeit with an extreme cost. Joe Biden almost immediately becomes embroiled in a European war between Ukraine and Afghanistan so it's basically been a 25-year struggle of war which means killing, dying, and total destruction. The leaders of the Middle East apparently see this man Trump with his prosperity instead of war rhetoric and they like it and are hopeful. His statements before the trip reflected the new attitude and purpose of the trip. He said he wanted to make new deals for peace and profit and that went over especially well in the Saudi Kingdom. Quote from the President, “a land of peace, safety, harmony, opportunity, innovation, and achievement right here in the Middle East is within our grasp.” That was apparently music to the ears of Bin Salman and when you think about it's hard for me to find fault with that ambition. Perhaps Trump's joyous reception is because his approach to foreign policy in general and the Middle East in particular, in contrast to all those presidents I just mentioned, is not ideological. To illustrate here's a quote from the President that was apparently well received in Saudi ears, “too many American presidents have been afflicted wi...

MENOPAUSE:Conflicting medical advice, emotional volatility, and misunderstood symptoms.Personal and relational strain during a life phase most men don't understand.Plus — what every man needs to know (but was never taught) about menopause.GLOBAL POWER MOVES & DOMESTIC DEALSTrump takes on Big Pharma, Middle East relations, and economic nationalism.Massive global deals: $600B+ from Saudi Arabia, $1.2T from Qatar (including Boeing's biggest order ever).Qatar's influence in American institutions quietly reshaping policy and power.Klaus Schwab ousted from Davos power — globalist grip showing cracks.Plus — who's really pulling the strings in Washington?WEAPONIZED (Jeremy Corbell & George Knapp):Whistleblower Matthew Brown (former DoD/State Dept) reveals secret UAP program.Claims we're living in a controlled illusion — “left behind” by advanced beings.Final words: “God is real.”And... Mark's new AI Tip of the week!#TrumpNews #QatarInfluence #MenopauseAwareness #WeaponizedPodcast #UFOWhistleblower #MatthewBrown #DavosCollapse #O5OPodcast

Welcome to The Times of Israel’s Daily Briefing, your 20-minute audio update on what’s happening in Israel, the Middle East and the Jewish world. Editor David Horovitz joins host Amanda Borschel-Dan for today’s episode. US President Donald Trump is still in the region and is visiting the United Arab Emirates today. After landmark deals in Saudi Arabia and Qatar, we discuss what may come out of the UAE trip — and the entire trip’s resonance for Israel, including Trump’s new relationship with Syria. We begin by discussing a half-hour meetup in Riyadh with Syria’s President Ahmed al-Sharaa. Trump announced the US was lifting sanctions on the country the previous day and urged Syria to join the Abraham Accords normalizing relations with Israel. It was the first encounter between leaders of the countries in 25 years. We hear how Israel views this budding relationship. In Qatar, Trump signed an agreement with Emir Sheikh Tamim bin Hamad Al-Thani that will “generate an economic exchange worth at least $1.2 trillion,” the White House said. The announcement came as negotiations kicked off in Doha over a potential hostage-ceasefire deal with the Hamas terror group. Horovitz describes how Israel was not apart of the Trump visit, yet Israeli representatives are currently in the country in a renewed US push to negotiate an end to the war. To end the program, we speak about Israel’s approaching participation in tonight’s Eurovision semifinal. Horovitz describes the antipathy already experienced by Yuval Raphael, Israel’s 2025 contestant, who survived the Nova festival massacre on October 7, 2023. Check out The Times of Israel's ongoing liveblog for more updates. For further reading: Woman en route to hospital to give birth killed in West Bank terror shooting Hailing Syria, arming Saudis, dealing with Iran and Houthis, Trump relegates Israeli concerns Trump puts an American First, and Israel rejoices Trump urges Syria’s Sharaa to join Abraham Accords, praises him as ‘attractive, tough guy’ Hostage talks kick off in Doha, but PM’s insistence on not ending war curbs optimism Trump, in Qatar, announces ‘record’ deals with Gulf State for US planes, drone tech Trump says Israel is not sidelined by his Gulf trip: ‘This is very good for Israel’ Subscribe to The Times of Israel Daily Briefing on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. This episode was produced by the Pod-Waves and video edited by Thomas Girsch. IMAGE: US President Donald Trump speaks with Saudi Crown Prince Mohammed bin Salman before posing for a family picture with Gulf leaders during a gathering of the six-nation Gulf Cooperation Council (GCC) in Riyadh on May 14, 2025. (Brendan Smialowski / AFP)See omnystudio.com/listener for privacy information.

More ordnance in the Middle East. Rumours are that Trump is agreeing to a two state solution; Israel is out in the cold; Netanyahu is not having his calls returned, and a trillion dollar deal is incoming with the Saudis. We've had shuttle diplomacy… but this is Challenger Space Shuttle diplomacy?Meanwhile, Pakistan has apparently shot down as many as three Indian Rafale fighter jets in recent clashes over Kashmir. The culprit? A chinese-made BVR system. To some, this unexpected win apparently means that in the future, BVR-equipped jets will shoot each other down from tens or even hundreds of miles away. But past a certain point… why do we even need the jets? Finally, the eye-watering hundred percent tariffs on China are about to be peeled back down to a manageable thirty percent. A victory for someone. But in the longer term, isn't this Liberation Day turning into De-dollarisation Year? You can get special paywalled premium episodes of Multipolarity every month on Patreon: https://patreon.com/multipolarity

DITCH YOUR DOCTOR! https://www.livelongerformula.com/wam Get a natural health practitioner and work with Christian Yordanov! Mention WAM and get a FREE masterclass! You will ALSO get a FREE metabolic function assessment! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-wam-cover-history/ GET NON-MRNA FREEZE DRIED MEAT HERE: https://wambeef.com/ Use code WAMBEEF to save 20%! GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/ USE Code WAM to save 5% plus free shipping! GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Use code JOSH to save money! Josh Sigurdson reports on the real reason President Donald Trump went to the Middle East and made major deals with Syria, Qatar and the Saudis. Only days after absurd stories came out claiming Donald Trump was splitting with Netanyahu and Israel, Trump signed a 1.2 trillion dollars economic pact with Qatar, one of the main countries arming Iran which Trump just spent 1 trillion dollars funding military efforts against (the largest military budget in US history). Trump also signed a $600 billion investment pact with Saudi Arabia which is in the middle of leaving the US dollar for BRICS+. Trump also signed a pact with Syria's Al Qaeda leader al-Jolani, a puppet of Israel. He is now lifting sanctions on Syria. Alongside the world leaders in the Middle East, the main investment deals made were in artificial intelligence (AI) and digital technology. As we have been saying for years, this is about a technocratic shift from the west to the east. Trump is meeting with those creating the new global governance system. BlackRock's Larry Fink, OpenAI's Sam Altman, Elon Musk, Karp of Palantir. This couldn't be more blatant. The deal that was made would involve the shift into a total technocracy worldwide with digital IDs, CBDCs, AI militarism and the end to human independence as has been laid out by The World Economic Forum. As western civilization inevitably falls, they need to make it appear as though there was a fight. In reality, that which appears as being part of a fight is actually the very replacement system meant for the inevitable collapse. This is why Elon Musk just sold X to X-AI for $33 billion and is establishing a social credit based digital ID system. This is why the trade war is happening, allowing the manufacturing shift and the need for food and grid rations. But let's all just keep sitting on our hands and thinking massive military spending and AI takeover of jobs is "winning." Get prepared today. Stay tuned for more from WAM! Get local, healthy, pasture raised meat delivered to your door here: https://wildpastures.com/promos/save-20-for-life/bonus15?oid=6&affid=321 USE THE LINK & get 20% off for life and $15 off your first box! SIGN UP FOR HOMESTEADING COURSES NOW: https://freedomfarmers.com/link/17150/ Get Prepared & Start The Move Towards Real Independence With Curtis Stone's Courses! GET YOUR WAV WATCH HERE: https://buy.wavwatch.com/WAM Use Code WAM to save $100 and purchase amazing healing frequency technology! GET ORGANIC CHAGA MUSHROOMS HERE: https://alaskachaga.com/wam Use code WAM to save money! See shop for a wide range of products! GET AMAZING MEAT STICKS HERE: https://4db671-1e.myshopify.com/discount/WAM?rfsn=8425577.918561&utm_source=refersion&utm_medium=affiliate&utm_campaign=8425577.918561 USE CODE WAM TO SAVE MONEY! GET YOUR FREEDOM KELLY KETTLE KIT HERE: https://patriotprepared.com/shop/freedom-kettle/ Use Code WAM and enjoy many solutions for the outdoors in the face of the impending reset! BUY GOLD HERE: https://firstnationalbullion.com/schedule-consult/ PayPal: ancientwonderstelevision@gmail.com FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media For subscriber only content! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2025

Donald J. Trump and the American economy are two beneficiaries of the president's Gulf road show. So are the Gulf states, Syria, and Make America Great Again supporters within Mr. Trump's administration. In less than 24 hours in the kingdom, Mr. Trump received a standing ovation from Arab leaders and hundreds of thousands poured into the streets of Syrian towns and cities to celebrate his lifting of long-standing crippling sanctions—a rare achievement for an American president. On the surface, Syrians, Saudis, and Israel critics have much to celebrate, including Syrians' prospects for reconstruction, Gulf states' defense, technology, and aviation mega deals with the United States, and seemingly upgraded Gulf relations with the US that potentially put them more on par with Israel. Even so, Mr. Trump has yet to pass the litmus test on whether, how much, and what history he wrote on his Gulf tour, packaged in pomp and circumstance.

President Trump took a groundbreaking trip to Saudi Arabia and kept the winning going from overseas. Also in this episode: Biden is exposed as being mentally incompetent by his own media and no one wants to talk about it. Judge backs Trump's invocation of Alien Enemies Act for deportations ⁠https://www.politico.com/news/2025/05/13/alien-enemies-act-trump-ruling-00346312⁠ Biden Reportedly Failed To Recognize George Clooney At Fundraiser Before Actor Called For Him To Exit Race ⁠https://dailycaller.com/2025/05/13/george-clooney-biden-fundraiser-mental-health-decline/⁠ Transgender Runner Wins Girls' High School Race As Pennsylvania Rebels Against Trump's Executive Order ⁠https://dailycaller.com/2025/05/12/transgender-runner-high-school-pennsylvania-trump-exeuctive-order/⁠ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today on The McCarthy Report, Andy and Rich discuss Trump's meeting with the Saudis, the Qatar plane brouhaha, the Trump family's crypto involvement, and much more.This podcast was edited and produced by Sarah Colleen Schutte.

In this episode of The President's Daily Brief: We'll start with some cloak and dagger diplomacy that flew under the radar last month—a secret visit by a Chinese delegation to the U.S. Treasury Department reveals just how far the Chinese Communist Party will go to control the narrative. President Trump kicks off his Middle East swing with two major announcements: a $600 billion Saudi investment pledge and a $142 billion arms deal. Plus, the latest from Israel, where Prime Minister Netanyahu says the fight against Hamas is entering its final phase. And in today's Back of the Brief—a new era of U.S.-Syrian relations may be on the horizon, as President Trump moves to lift decades-old sanctions on Syria. To listen to the show ad-free, become a premium member of The President's Daily Brief by visiting PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Birch Gold: Text PDB to 989898 and get your free info kit on gold TriTails Premium Beef: Visit https://TryBeef.com/PDB for 2 free Flat Iron steaks with your first box over $250 DeleteMe: Get 20% off your DeleteMe plan when you text PDB to 64000. Message and data rates apply   Learn more about your ad choices. Visit megaphone.fm/adchoices

BEST OF - Recap of Trump's visit to Saudi Arabia, new book exposes alarming details about Biden's decline, White House Correspondent Jon Decker reports that a new book reveals alarming details about former President Biden's health, the Menendez Brothers have been re-sentenced and are now eligible for parole.

Vandals given green light after a Captain Cook statue gets scrapped following repeated attacks, City of Sydney Council ties climate change to a ban on big park events. Plus, Trump touts strong partnership with the Saudis during his Middle East tour.See omnystudio.com/listener for privacy information.

President Trump speaks from Saudi Arabia urging for the Saudis to join the Abraham Accords on their “own time”. Dana breaks down the body language during Trump's meeting. The left finally finds refugees they don't like as Trump allows South Africans to seek refugee status in the US. Pope Leo's brother, Louis Prevost, who has posted controversial views before, says he's planning on toning it down when it comes to social media. The Episcopal Church announces that it is terminating its partnership with the government to resettle refugees after Trump's South African move. President & Executive Director of American Suppressor Association, Knox Williams, joins us on Congress' inability to fix the unconstitutional NFA tax scheme. Dana resurfaces footage of a South African political party rallying to commit genocide against white farmers. MSNBC says the Afrikaners have become “the darling of these right wing, white supremacist movements around the world”. Sen. Rand Paul joins us to reveal what is in the “Big, Beautiful Bill”, reconciliation, the deal with China and much more.Thank you for supporting our sponsors that make The Dana Show possible…Relief Factorhttps://relieffactor.com OR CALL 1-800-4-RELIEFTurn the clock back on pain with Relief Factor. Get their 3-week Relief Factor Quick Start for only $19.95 today! Goldcohttps://DanaLikesGold.com My personal gold company - get your GoldCo 2025 Gold & Silver Kit. PLUS, you could qualify for up to 10% in BONUS silver.Byrnahttps://byrna.com/danaGet your hands on the new compact Byrna CL. Visit Byrna.com/Dana receive 10% off. Patriot Mobilehttps://patriotmobile.com/DanaDana's personal cell phone provider is Patriot Mobile. Get a FREE MONTH of service code DANA.HumanNhttps://humann.comSupport your metabolism and healthy blood sugar levels with Superberine by HumanN. Find it now at your local Sam's Club next to SuperBeets Heart Chews.  KelTechttps://KelTecWeapons.comSee the third generation of the iconic SUB2000 and the NEW PS57 - Keltec Innovation & Performance at its best.All Family Pharmacyhttps://AllFamilyPharmacy.com/DanaCode Dana10 for 10% off your entire order.PreBornhttps://Preborn.com/DanaWith your help, we can hit the goal of 1,000 ultrasounds this month! Just dial #250 and say “Baby”. Ancient Nutritionhttp://ancientnutrition.com/DanaCollagen and wellness, powered by Ancient Nutrition—get 25% off your first order with promo code DANA.Home Title Lockhttps://hometitlelock.com/danaProtect your home! Get a FREE title history report + 14 days of coverage with code DANA. Check out the Million Dollar TripleLock—terms apply.Ground Newshttps://Groundnews.com/DANAGet 40% off the unlimited access Vantage plan.

President Trump kicked off a four-day trip to the Middle East, with a visit to the Saudi capital where he sat down Saudi Crown Prince Mohammed bin Salman. The world leaders discussed the path forward for U.S.-Saudi relations and the push for an Iranian nuclear deal. Bret looks back on his conversation with Saudi Crown Prince Mohammed bin Salman where they discussed Saudi Arabia's role in the Middle East, the relationship the Saudis have been able to build with Iran, and Bret questions Crown Prince Salman on the 2018 assassination of journalist Jamal Khashoggi. Original Air Date: September 21, 2023 Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump was welcomed with massive applause in Saudi Arabia as he walked onto stage with Lee Greenwood’s “God Bless the USA” playing. Every Arab in the audience stood at attention!See omnystudio.com/listener for privacy information.

Today in Riyadh, Saudi Arabia, Trump walked out to Lee Greenwood's "God Bless the USA." They played the ENTIRE song and all of the Saudis remained standing, an incredible moment for USA & Saudi Arabian relations.

Saudi Arabia rolled out the red carpet for President Trump. It was a celebration between the two countries as President Trump brought back the respect and reverence for America as he took the stage with Crown Prince and Prime Minister Mohammed bin Salam. The Saudis pledged to invest $600 Billion into the U.S. economy, including $142 Million in American made military equipment plus multi-billion dollar deals with Amazon, Oracle and A.M.D. With President Trump's "most favored nation" policy on drug prices, media outlets, funded by pharma, are downplaying the impact it will have on the consumer. Senator Roger Marshall walks us through PBMs (Pharmacy Benefit Manager) in the pharmaceutical market and how they profit as middlemen between drug manufacturers and healthcare companies. PMBs are the reason a drug like Wegovy is over $1,000 a month in the U.S. and $59 in Germany. Senator Marshall unpacks the GOP budget bill, including his championing of no tax on overtime wages. As an obstetrician, Dr. Marshall has known President Trump's cabinet to make America healthy again and is confident they can get the job done in removing processed foods and chronic diseases. Featuring; Senator Roger Marshall U.S. Senator | Kansas https://www.marshall.senate.gov/ Today's show is brought to you by these amazing sponsors: Wired 2 Fish Coffee Do you want to drink coffee from the finest coffee beans in the world? Wired 2 Fish sources directly from Mexico and Guatemala to bring you the freshest arabica coffee beans in the world. Wired 2 Fish cares so much about the earth that they give back 25% of their net profits to faith-based organizations and clean water initiatives. If you're a coffee lover and want to support a great company doing great work head to https://www.wired2fishcoffee.com/ use code: WECARE for 15% off your first order. Delta Rescue Delta Rescue is one the largest no-kill animal sanctuaries. Leo Grillo is on a mission to help all abandoned, malnourished, hurt or suffering animals. He relies solely on contributions from people like you and me. If you want to help Leo to continue his mission of running one of the best care-for-life animal sanctuaries in the country please visit Delta Rescue at: https://deltarescue.org/ Beam For a limited time got 40% of Beam's Dream Powder. Dream Powder with Reishi, Magnesium, L-Theanine, Apigenin and Melatonin to help you fall asleep, stay asleep, and wake up refreshed. Just head to https://shopbeam.com/SPICER for 40% off. ------------------------------------------------------------- 1️⃣ Subscribe and ring the bell for new videos: https://youtube.com/seanmspicer?sub_confirmation=1 2️⃣ Become a part of The Sean Spicer Show community: https://www.seanspicer.com/ 3️⃣ Listen to the full audio show on all platforms: Apple Podcasts: https://podcasts.apple.com/us/podcast/the-sean-spicer-show/id1701280578 Spotify: https://open.spotify.com/show/32od2cKHBAjhMBd9XntcUd iHeart: https://www.iheart.com/podcast/269-the-sean-spicer-show-120471641/ 4️⃣ Stay in touch with Sean on social media: Facebook: https://facebook.com/seanmspicer Twitter: https://twitter.com/seanspicer Instagram: https://instagram.com/seanmspicer/ 5️⃣ Follow The Sean Spicer Show on social media: Facebook: https://facebook.com/seanspicershow Twitter: https://twitter.com/seanspicershow Instagram: https://instagram.com/seanspicershow Learn more about your ad choices. Visit megaphone.fm/adchoices

He's back in the Gulf to do deals. But a familiar ally seems cut out of all the dealmaking. Donald Trump is on familiar ground in Saudi Arabia, where he made his first trip as president back in 2017. The US president may have said no to ceremonial Arabic coffee, but he seems ready to approve a landmark civilian nuclear agreement – one that no longer seems linked to Riyadh normalising ties with Israel. Israel was left out of Monday's release by Hamas of what's thought to be the last US citizen held by the Palestinian militant group in the Gaza Strip; a goodwill gesture before Trump travels on to Qatar. Has Washington grown tired of Benjamin Netanyahu's forever war?Last month at the White House, the Israeli prime minister seemed caught off guard when Trump in his presence announced negotiations with Iran. Under Trump I, the Saudis would have also pushed back hard. But Riyadh's relations with Tehran have since thawed.And if it's all about the money – after all, the president of the United States says he's not a man to turn down a free plane like the one the Qataris are offering to replace Air Force One – then who's the highest bidder in this new chapter of transactional diplomacy?Produced by François Picard, Rebecca Gnignati, Juliette Laffont, Jimena Morales-Velasco, Alessandro Xenos. 

EASY LISTENING DEP'T.: The story cites Trump telling Bob Woodward that he saved Mohammed bin Salman's ass by making the congressional hubbub over bin Salman's decision to murder Jamal Khashoggi of the Washington Post and chop his body up with a bone saw go away, and it recalls how the Saudi sovereign wealth fund gave Jared Kushner two billion dollars to play with, after Trump's first term was over, and how Trump used the Saudis upstart professional golf tour to enrich his own golf courses and hotels, and it brings up the real estate and crypto deals on top of that. It's a very nice roundup, but it's not clear why it should be a news analysis piece instead of just being inserted as standard boilerplate into every story about the president's Middle Eastern dealings. Please visit, read, and support INDIGNITY! https://www.indignity.net/

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Everywhere you look, there is end times turmoil, and no place is more tempestuous at the moment than the Middle East. So it is under a dark and foreboding cloud that Donald Trump is preparing to go first to Saudi Arabia, then Qatar and the United Arab Emirates. What's on the agenda? Money, trillions of dollars, and it has already begun to flow like water. Terror sponsor Qatar is ‘gifting' a Boeing 747-8 Super Liner dubbed the ‘flying palace' to President Trump personally, and the president has already said repeatedly that he graciously accepts it. At the least, it smacks of a bribe, and at its worst a Trojan horse. Only a fool would walk through that door, and that's the memo.“For he seeth that wise men die, likewise the fool and the brutish person perish, and leave their wealth to others.” Psalm 49:10 (KJB)On this episode of the Prophecy News Podcast, they are calling Trump's Middle East Summit with the Saudis ‘MAGA In The Desert', and Trump has chosen to surround himself with some of the slimiest end times villains there are. The CEOs of Palantir and Blackrock, two very evil corporations, and Mark Zuckerberg of Meta who may just be the worst of a bad lot. The leaders of the three Muslim nations all have the one thing that Trump values more than anything else, money, and they are prepared to spend it in unprecedented amounts. In Trump's America, everything including citizenship is for sale. Remember Jared Kushner? He now flies under the radar after receiving $2 billion from Saudi Arabia 6 months after the end of his father-in-law Donald Trump's first term. That same Saudi investment is now worth $4.8 billion. Hmm. Not only that, but among the many rumours swirling around this trip is that Trump will side with the Saudis and recognize Palestine as a nation. On this episode, we bring you all the breaking end times news you need to know!

In der heutigen Folge von „Alles auf Aktien“ sprechen die Finanzjournalisten Philipp Vetter und Holger Zschäpitz über den Dividenden-Einbruch für die Saudis, neue Hoffnung für Borussen-Aktionäre und schlechte Nachrichten von Wolfspeed. Außerdem geht es um Borussia Dortmund, Saudi Aramco, Next Technology Holding, Lyft, Tesla, BMW, Mercedes-Benz, Volkswagen. Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter.[ Hier bei WELT.](https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html.) [Hier] (https://open.spotify.com/playlist/6zxjyJpTMunyYCY6F7vHK1?si=8f6cTnkEQnmSrlMU8Vo6uQ) findest Du die Samstagsfolgen Klassiker-Playlist auf Spotify! Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? [**Hier findest du alle Infos & Rabatte!**](https://linktr.ee/alles_auf_aktien) Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Watch Call me Back on YouTube: youtube.com/@CallMeBackPodcastSubscribe to Ark Media's new podcast ‘What's Your Number?': lnk.to/HJI2mXArk Media on Instagram: instagram.com/arkmediaorgTo contact us, sign up for updates, and access transcripts, visit: arkmedia.orgDan on X: x.com/dansenorDan on Instagram: instagram.com/dansenor=============================================It's been a busy week with a lot of moving pieces - there are new war plans in Gaza, the US-Houthi agreement, and of course, the Gulf Summit and a potential new deal between the US and Saudi Arabia. Here's what we do know:On Tuesday, during a press availability in the Oval Office of the White House, President Donald Trump told reporters that the total number of living hostages in Gaza dropped from 24 to 21. “As of today, it's 21. Three have died.”, he said. Israel maintains that officially, the list of living hostages remains 24. Trump also said that the US would stop bombing Yemen's Houthis after the Iran-backed group had agreed to stop interrupting important shipping lanes in the Middle East. The announcement did not mention the Houthi attacks on Israel, including a missile that hit Ben Gurion international airport on Saturday, to which Israel responded with a crippling attack on Yemen's international airport in Sanaa. Following Trump's announcement, a spokesman for the Houthis pledged that the strikes on Israel would continue. On Thursday, sources told Reuters that the United States is no longer demanding Saudi Arabia normalize ties with Israel as a condition for developing its nuclear program - a major concession by Washington. Senator Lindsey Graham says he opposes any pact with the Saudis that excludes normalization with Jewish state. Earlier in the week, on Monday, Israel's security cabinet authorized plans for the widening of the Gaza invasion, which if taken to its logical conclusion, meaning Hamas refuses to surrender and release the hostages – could result in an Israeli reoccupation of Gaza and reestablishing some permanent presence there.It is unclear at this point if this military plan is going to be implemented, or if it is used as leverage on Hamas as a negotiating tactic. That said, Finance Minister Betzalel Smotrich said on Monday that “We are finally going to occupy the Gaza Strip. We will stop being afraid of the word' occupation.” To unpack what this all means, we are joined by Lahav Harkov, Senior Political Correspondent for Jewish Insider. Senior Fellow at the Misgav Institute for National Security.(00:00) Introduction(04:56) Potential US-Saudi deal(13:33) What do the Saudi's want?(15:37) IDF operations in Gaza(21:10) How would occupation work?(26:58) Strain on reservist soldiers(34:13) What are the options for Hamas?CREDITS:ILAN BENATAR - Producer & EditorMARTIN HUERGO - Sound EditorGABE SILVERSTEIN - ResearchYUVAL SEMO - Music Composer 

Trump & Israel; Saudis; Taxes; Tariff Update; Catholicism; Bernie; mRNA | Yaron Brook Show

Benjamin Netanyahu's government may have announced plans to intensify its Gaza offensive and call up thousands of reservists – but "many Israelis, and especially the IDF top brass, are actually hoping that President [Donald] Trump will again intervene and reach some kind of deal," Haaretz senior security analyst Amos Harel said on the Haaretz Podcast. Pressure from the American president will be the only way Netanyahu can resist the "huge political pressure to proceed" with the escalation and a long-term military presence in Gaza placed on him by far-right ministers Itamar Ben-Gvir and Bezalel Smotrich, Harel said. "Unless Trump decides to intervene, we might be facing a massive military operation, and in my view, that would be a disaster." Speaking with podcast host Allison Kaplan Sommer, Harel assessed the war's multiple fronts in Lebanon, Syria, Yemen and Iran, emphasizing that in nearly every case, the will – and whims – of the U.S. president plays a decisive role. "It's quite clear that Trump is less interested than before and talks less about the Palestinian conflict and the Gaza Riviera idea – it may be because he fears failure there. He seems to prefer to invest his time and efforts in the Saudis, Emiratis, and Qataris who are offering him trillions of dollars in deals in weapons or technology. This is what Trump is focused on."See omnystudio.com/listener for privacy information.

Much has been made of the hallucinatory qualities of OpenAI's ChatGPT product. But as the Wall Street Journal's resident authority on OpenAI, Keach Hagey notes, perhaps the most hallucinatory feature the $300 billion start-up co-founded by the deadly duo of Sam Altman and Elon Musk is its attempt to be simultaneously a for-profit and non-profit company. As Hagey notes, the double life of this double company reached a surreal climax this week when Altman announced that OpenAI was abandoning its promised for-profit conversion. So what, I asked Hagey, are the implications of this corporate volte-face for investors who have poured billions of real dollars into the non-profit in order to make a profit? Will they be Waiting For Godot to get their returns?As Hagey - whose excellent biography of Altman, The Optimist, is out in a couple of weeks - explains, this might be the story of the hubristic 2020's. She speaks of Altman's astonishingly (even for Silicon Valley) hubris in believing that he can get away with the alchemic conceit of inventing a multi trillion dollar for-profit non-profit company. Yes, you can be half-pregnant, Sam is promising us. But, as she warns, at some point this will be exposed as fantasy. The consequences might not exactly be another Enron or FTX, but it will have ramifications way beyond beyond Silicon Valley. What will happen, for example, if future investors aren't convinced by Altman's fantasy and OpenAI runs out of cash? Hagey suggests that the OpenAI story may ultimately become a political drama in which a MAGA President will be forced to bail out America's leading AI company. It's TikTok in reverse (imagine if Chinese investors try to acquire OpenAI). Rather than the conveniently devilish Elon Musk, my sense is that Sam Altman is auditioning to become the real Jay Gatsby of our roaring twenties. Last month, Keach Hagey told me that Altman's superpower is as a salesman. He can sell anything to anyone, she says. But selling a non-profit to for-profit venture capitalists might even be a bridge too far for Silicon Valley's most hallucinatory optimist. Five Key Takeaways * OpenAI has abandoned plans to convert from a nonprofit to a for-profit structure, with pressure coming from multiple sources including attorneys general of California and Delaware, and possibly influenced by Elon Musk's opposition.* This decision will likely make it more difficult for OpenAI to raise money, as investors typically want control over their investments. Despite this, Sam Altman claims SoftBank will still provide the second $30 billion chunk of funding that was previously contingent on the for-profit conversion.* The nonprofit structure creates inherent tensions within OpenAI's business model. As Hagey notes, "those contradictions are still there" after nearly destroying the company once before during Altman's brief firing.* OpenAI's leadership is trying to position this as a positive change, with plans to capitalize the nonprofit and launch new programs and initiatives. However, Hagey notes this is similar to what Altman did at Y Combinator, which eventually led to tensions there.* The decision is beneficial for competitors like XAI, Anthropic, and others with normal for-profit structures. Hagey suggests the most optimistic outcome would be OpenAI finding a way to IPO before "completely imploding," though how a nonprofit-controlled entity would do this remains unclear.Keach Hagey is a reporter at The Wall Street Journal's Media and Marketing Bureau in New York, where she focuses on the intersection of media and technology. Her stories often explore the relationships between tech platforms like Facebook and Google and the media. She was part of the team that broke the Facebook Files, a series that won a George Polk Award for Business Reporting, a Gerald Loeb Award for Beat Reporting and a Deadline Award for public service. Her investigation into the inner workings of Google's advertising-technology business won recognition from the Society for Advancing Business Editing and Writing (Sabew). Previously, she covered the television industry for the Journal, reporting on large media companies such as 21st Century Fox, Time Warner and Viacom. She led a team that won a Sabew award for coverage of the power struggle inside Viacom. She is the author of “The King of Content: Sumner Redstone's Battle for Viacom, CBS and Everlasting Control of His Media Empire,” published by HarperCollins. Before joining the Journal, Keach covered media for Politico, the National in Abu Dhabi, CBS News and the Village Voice. She has a bachelor's and a master's in English literature from Stanford University. She lives in Irvington, N.Y., with her husband, three daughters and dog.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting the daily KEEN ON show, he is the host of the long-running How To Fix Democracy interview series. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Full TranscriptAndrew Keen: Hello, everybody. It is May the 6th, a Tuesday, 2025. And the tech media is dominated today by OpenAI's plan to convert its for-profit business to a non-profit side. That's how the Financial Times is reporting it. New York Times says that OpenAI, and I'm quoting them, backtracks on plans to drop nonprofit control and the Wall Street Journal, always very authoritative on the tech front, leads with Open AI abandons planned for profit conversion. The Wall Street Journal piece is written by Keach Hagey, who is perhaps America's leading authority on OpenAI. She was on the show a couple of months ago talking about Sam Altman's superpower which is as a salesman. Keach is also the author of an upcoming book. It's out in a couple weeks, "The Optimist: Sam Altman, OpenAI and the Race to Invent the Future." And I'm thrilled that Keach has been remarkably busy today, as you can imagine, found a few minutes to come onto the show. So, Keach, what is Sam selling here? You say he's a salesman. He's always selling something or other. What's the sell here?Keach Hagey: Well, the sell here is that this is not a big deal, right? The sell is that, this thing they've been trying to do for about a year, which is to make their company less weird, it's not gonna work. And as he was talking to the press yesterday, he was trying to suggest that they're still gonna be able to fundraise, that these folks that they promised that if you give us money, we're gonna convert to a for-profit and it's gonna be much more normal investment for you, but they're gonna get that money, which is you know, a pretty tough thing. So that's really, that's what he's selling is that this is not disruptive to the future of OpenAI.Andrew Keen: For people who are just listening, I'm looking at Keach's face, and I'm sensing that she's doing everything she can not to burst out laughing. Is that fair, Keach?Keach Hagey: Well, it'll remain to be seen, but I do think it will make it a lot harder for them to raise money. I mean, even Sam himself said as much during the talk yesterday that, you know, investors would like to be able to have some say over what happens to their money. And if you're controlled by a nonprofit organization, that's really tough. And what they were trying to do was convert to a new world where investors would have a seat at the table, because as we all remember, when Sam got briefly fired almost two years ago. The investors just helplessly sat on the sidelines and didn't have any say in the matter. Microsoft had absolutely no role to play other than kind of cajoling and offering him a job on the sidelines. So if you're gonna try to raise money, you really need to be able to promise some kind of control and that's become a lot harder.Andrew Keen: And the ramifications more broadly on this announcement will extend to Microsoft and Microsoft stock. I think their stock is down today. We'll come to that in a few minutes. Keach, there was an interesting piece in the week, this week on AI hallucinations are getting worse. Of course, OpenAI is the dominant AI company with their ChatGPT. But is this also kind of hallucination? What exactly is going on here? I have to admit, and I always thought, you know, I certainly know more about tech than I do about other subjects, which isn't always saying very much. But I mean, either you're a nonprofit or you're a for-profit, is there some sort of hallucinogenic process going on where Sam is trying to sell us on the idea that OpenAI is simultaneously a for profit and a nonprofit company?Keach Hagey: Well, that's kind of what it is right now. That's what it had sort of been since 2019 or when it spun up this strange structure where it had a for-profit underneath a nonprofit. And what we saw in the firing is that that doesn't hold. There's gonna come a moment when those two worlds are going to collide and it nearly destroyed the company. To be challenging going forward is that that basic destabilization that like unstable structure remains even though now everything is so much bigger there's so much more money coursing through and it's so important for the economy. It's a dangerous position.Andrew Keen: It's not so dangerous, you seem still faintly amused. I have to admit, I'm more than faintly amused, it's not too bothersome for us because we don't have any money in OpenAI. But for SoftBank and the other participants in the recent $40 billion round of investment in OpenAI, this must be, to say the least, rather disconcerting.Keach Hagey: That was one of the biggest surprises from the press conference yesterday. Sam Altman was asked point blank, is SoftBank still going to give you this sort of second chunk, this $30 billion second chunk that was contingent upon being able to convert to a for-profit, and he said, quite simply, yes. Who knows what goes on in behind the scenes? I think we're gonna find out probably a lot more about that. There are many unanswered questions, but it's not great, right? It's definitely not great for investors.Andrew Keen: Well, you have to guess at the very minimum, SoftBank would be demanding better terms. They're not just going to do the same thing. I mean, it suddenly it suddenly gives them an additional ace in their hand in terms of negotiation. I mean this is not some sort of little startup. This is 30 or 40 billion dollars. I mean it's astonishing number. And presumably the non-public conversations are very interesting. I'm sure, Keach, you would like to know what's being said.Keach Hagey: Don't know yet, but I think your analysis is pretty smart on this matter.Andrew Keen: So if you had to guess, Sam is the consummate salesman. What did he tell SoftBank before April to close the round? And what is he telling them now? I mean, how has the message changed?Keach Hagey: One of the things that we see a little bit about this from the messaging that he gave to the world yesterday, which is this is going to be a simpler structure. It is going to be slightly more normal structure. They are changing the structure a little bit. So although the non-profit is going to remain in charge, the thing underneath it, the for-profit, is going change its structure a little bit and become kind of a little more normal. It's not going to have this capped profit thing where, you know, the investors are capped at 100 times what they put in. So parts of it are gonna become more normal. For employees, it's probably gonna be easier for them to get equity and things like that. So I'm sure that that's part of what he's selling, that this new structure is gonna be a little bit better, but it's not gonna be as good as what they were trying to do.Andrew Keen: Can Sam? I mean, clearly he has sold it. I mean as we joked earlier when we talked, Sam could sell ice to the Laplanders or sand to the Saudis. But these people know Sam. It's no secret that he's a remarkable salesman. That means that sometimes you have to think carefully about what he's saying. What's the impact on him? To what extent is this decision one more chip on the Altman brand?Keach Hagey: It's a setback for sure, and it's kind of a win for Elon Musk, his rival.Andrew Keen: Right.Keach Hagey: Elon has been suing him, Elon has been trying to block this very conversion. And in the end, it seems like it was actually the attorneys general of California and Delaware that really put the nail in the coffin here. So there's still a lot to find out about exactly how it all shook out. There were actually huge campaigns as well, like in the streets, billboards, posters. Polls saying, trying to put pressure on the attorney general to block this thing. So it was a broad coalition, I think, that opposed the conversion, and you can even see that a little bit in their speech. But you got to admit that Elon probably looked at this and was happy.Andrew Keen: And I'm sure Elon used his own X platform to promote his own agenda. Is this an example, Keach, in a weird kind of way of the plebiscitary politics now of Silicon Valley is that titans like Altman and Musk are fighting out complex corporate economic battles in the naked public of social media.Keach Hagey: Yes, in the naked public of social media, but what we're also seeing here is that it's sort of, it's become through the apparatus of government. So we're seeing, you know, Elon is in the Doge office and this conversion is really happening in the state AG's houses. So that's what's sort interesting to me is these like private fights have now expanded to fill both state and federal government.Andrew Keen: Last time we talked, I couldn't find the photo, but there was a wonderful photo of, I think it was Larry Ellison and Sam Altman in the Oval Office with Trump. And Ellison looked very excited. He looked extremely old as well. And Altman looked very awkward. And it's surprising to see Altman look awkward because generally he doesn't. Has Trump played a role in this or is he keeping out of it?Keach Hagey: As far as my current reporting right now, we have no reporting that Trump himself was directly involved. I can't go further than that right now.Andrew Keen: Meaning that you know something that you're not willing to ignore.Keach Hagey: Just I hope you keep your subscription to the Wall Street Journal on what role the White House played, I would say. But as far as that awkwardness, I don't know if you noticed that there was a box that day for Masa Yoshison to see.Andrew Keen: Oh yeah, and Son was in the office too, right, that was the third person.Keach Hagey: So it was a box in the podium, which I think contributed to the awkwardness of the day, because he's not a tall man.Andrew Keen: Right. To put it politely. The way that OpenAI spun it, in classic Sam Altman terms, is new funding to build towards AGI. So it's their Altman-esque use of the public to vindicate this new investment, is this just more quote unquote, and this is my word. You don't have to agree with it. Just sales pitch or might even be dishonesty here. I mean, the reality is, is new funding to build towards AGI, which is, artificial general intelligence. It's not new funding, to build toward AGI. It's new funding to build towards OpenAI, there's no public benefit of any of this, is there?Keach Hagey: Well, what they're saying is that the nonprofit will be capitalized and will sort of be hiring up and doing a bunch more things that it wasn't really doing. We'll have programs and initiatives and all of that. Which really, as someone who studied Sam's life, this sounds really a lot like what he did at Y Combinator. When he was head of Y Combinator, he also spun up a nonprofit arm, which is actually what OpenAI grew out of. So I think in Sam's mind, a nonprofit there's a place to go. Sort of hash out your ideas, it's a place to kind of have pet projects grow. That's where he did things like his UBI study. So I can sort of see that once the AGs are like, this is not gonna happen, he's like, great, we'll just make a big nonprofit and I'll get to do all these projects I've always wanted to do.Andrew Keen: Didn't he get thrown out of Y Combinator by Paul Graham for that?Keach Hagey: Yes, a little bit. You know, I would say there's a general mutiny for too much of that kind of stuff. Yeah, it's true. People didn't love it, and they thought that he took his eye off the ball. A little bit because one of those projects became OpenAI, and he became kind of obsessed with it and stopped paying attention. So look, maybe OpenAI will spawn the next thing, right? And he'll get distracted by that and move on.Andrew Keen: No coincidence, of course, that Sam went on to become a CEO of OpenAI. What does it mean for the broader AI ecosystem? I noted earlier you brought up Microsoft. I mean, I think you've already written on this and lots of other people have written about the fact that the relationship between OpenAI and Microsoft has cooled dramatically. As well as between Nadella and Altman. What does this mean for Microsoft? Is it a big deal?Keach Hagey: They have been hashing this out for months. So it is a big deal in that it will change the structure of their most important partner. But even before this, Microsoft and OpenAI were sort of locked in negotiations over how large and how Microsoft's stake in this new OpenAI will be valued. And that still has to be determined, regardless of whether it's a non-profit or a for-profit in charge. And their interests are diverging. So those negotiations are not as warm as they maybe would have been a few years ago.Andrew Keen: It's a form of polyamory, isn't it? Like we have in Silicon Valley, everyone has sex with everybody else, to put it politely.Keach Hagey: Well, OpenAI does have a new partner in Oracle. And I would expect them to have many more in terms of cloud computing partners going forward. It's just too much risk for any one company to build these huge and expensive data centers, not knowing that OpenAI is going to exist in a certain number of years. So they have to diversify.Andrew Keen: Keach, you know, this is amusing and entertaining and Altman is a remarkable individual, able to sell anything to anyone. But at what point are we really on the Titanic here? And there is such a thing as an iceberg, a real thing, whatever Donald Trump or other manufacturers of ontologies might suggest. At some point, this thing is going to end in a massive disaster.Keach Hagey: Are you talking about the Existence Force?Andrew Keen: I'm not talking about the Titanic, I'm talking about OpenAI. I mean, Parmi Olson, who's the other great authority on OpenAI, who won the FT Book of the Year last year, she's been on the show a couple of times, she wrote in Bloomberg that OpenAI can't have its money both ways, and that's what Sam is trying to do. My point is that we can all point out, excuse me, the contradictions and the hypocrisy and all the rest of it. But there are laws of gravity when it comes to economics. And at a certain point, this thing is going to crash, isn't it? I mean, what's the metaphor? Is it Enron? Is it Sam Bankman-Fried? What kind of examples in history do we need to look at to try and figure out what really is going on here?Keach Hagey: That's certainly one possibility, and there are a good number of people who believe that.Andrew Keen: Believe what, Enron or Sam Bankman-Fried?Keach Hagey: Oh, well, the internal tensions cannot hold, right? I don't know if fraud is even necessary so much as just, we've seen it, we've already seen it happen once, right, the company almost completely collapsed one time and those contradictions are still there.Andrew Keen: And when you say it happened, is that when Sam got pushed out or was that another or something else?Keach Hagey: No, no, that's it, because Sam almost got pushed out and then all of the funders would go away. So Sam needs to be there for them to continue raising money in the way that they have been raising money. And that's really going to be the question. How long can that go on? He's a young man, could go on a very long time. But yeah, I think that really will determine whether it's a disaster or not.Andrew Keen: But how long can it go on? I mean, how long could Sam have it both ways? Well, there's a dream. I mean maybe he can close this last round. I mean he's going to need to raise more than $40 billion. This is such a competitive space. Tens of billions of dollars are being invested almost on a monthly basis. So this is not the end of the road, this $40-billion investment.Keach Hagey: Oh, no. And you know, there's talk of IPO at some point, maybe not even that far away. I don't even let me wrap my mind around what it would be for like a nonprofit to have a controlling share at a public company.Andrew Keen: More hallucinations economically, Keach.Keach Hagey: But I mean, IPO is the exit for investors, right? That's the model, that is the Silicon Valley model. So it's going to have to come to that one way or another.Andrew Keen: But how does it work internally? I mean, for the guys, the sales guys, the people who are actually doing the business at OpenAI, they've been pretty successful this year. The numbers are astonishing. But how is this gonna impact if it's a nonprofit? How does this impact the process of selling, of building product, of all the other internal mechanics of this high-priced startup?Keach Hagey: I don't think it will affect it enormously in the short term. It's really just a question of can they continue to raise money for the enormous amount of compute that they need. So so far, he's been able to do that, right? And if that slows up in any way, they're going to be in trouble. Because as Sam has said many times, AI has to be cheap to be actually useful. So in order to, you know, for it to be widespread, for to flow like water, all of those things, it's got to be cheap and that's going to require massive investment in data centers.Andrew Keen: But how, I mean, ultimately people are putting money in so that they get the money back. This is not a nonprofit endeavor to put 40 billion from SoftBank. SoftBank is not in the nonprofit business. So they're gonna need their money back and the only way they generally, in my understanding, getting money back is by going public, especially with these numbers. How can a nonprofit go public?Keach Hagey: It's a great question. That's what I'm just phrasing. I mean, this is, you know, you talk to folks, this is what's like off in the misty distance for them. It's an, it's a fascinating question and one that we're gonna try to answer this week.Andrew Keen: But you look amused. I'm no financial genius. Everyone must be asking the same question.Keach Hagey: Well, the way that they've said it is that the for-profit will be, will have a, the non-profit will control the for profit and be the largest shareholder in it, but the rest of the shares could be held by public markets theoretically. That's a great question though.Andrew Keen: And lawyers all over the world must be wrapping their hands. I mean, in the very best case, it's gonna be lawsuits on this, people suing them up the wazoo.Keach Hagey: It's absolutely true. You should see my inbox right now. It's just like layers, layers, layer.Andrew Keen: Yeah, my wife. My wife is the head of litigation. I don't know if I should be saying this publicly anyway, I am. She's the head of Litigation at Google. And she lost some of her senior people and they all went over to AI. I'm big, I'm betting that they regret going over there can't be much fun being a lawyer at OpenAI.Keach Hagey: I don't know, I think it'd be great fun. I think you'd have like enormous challenges and have lots of billable hours.Andrew Keen: Unless, of course, they're personally being sued.Keach Hagey: Hopefully not. I mean, look, it is a strange and unprecedented situation.Andrew Keen: To what extent is this, if not Shakespearean, could have been written by some Greek dramatist? To what extend is this symbolic of all the hype and salesmanship and dishonesty of Silicon Valley? And in a sense, maybe this is a final scene or a penultimate scene in the Silicon Valley story of doing good for the world. And yet, of course, reaping obscene profit.Keach Hagey: I think it's a little bit about trying to have your cake and eat it too, right? Trying to have the aura of altruism, but also make something and make a lot of money. And what it seems like today is that if you started as a nonprofit, it's like a black hole. You can never get out. There's no way to get out, and that idea was just like maybe one step too clever when they set it up in the beginning, right. It seemed like too good to be true because it was. And it might end up really limiting the growth of the company.Andrew Keen: Is Sam completely in charge here? I mean, a number of the founders have left. Musk, of course, when you and I talked a couple of months ago, OpenAI came out of conversations between Musk and Sam. Is he doing this on his own? Does he have lieutenants, people who he can rely on?Keach Hagey: Yeah, I mean, he does. He has a number of folks that have been there, you know, a long time.Andrew Keen: Who are they? I mean, do we know their names?Keach Hagey: Oh, sure. Yeah. I mean, like Brad Lightcap and Jason Kwon and, you know, just they're they're Greg Brockman, of course, still there. So there are a core group of executives that have that have been there pretty much from the beginning, close to it, that he does trust. But if you're asking, like, is Sam really in control of this whole thing? I believe the answer is yes. Right. He is on the board of this nonprofit, and that nonprofit will choose the board of the for-profit. So as long as that's the case, he's in charge.Andrew Keen: How divided is OpenAI? I mean, one of the things that came out of the big crisis, what was it, 18 months ago when they tried to push him out, was it was clearly a profoundly divided company between those who believed in the nonprofit mission versus the for-profit mission. Are those divisions still as acute within the company itself? It must be growing. I don't know how many thousands of people work.Keach Hagey: It has grown very fast. It is not as acute in my experience. There was a time when it was really sort of a warring of tribes. And after the blip, as they call it, a lot of those more safety focused people, people that subscribe to effective altruism, left or were kind of pushed out. So Sam took over and kind of cleaned house.Andrew Keen: But then aren't those people also very concerned that it appears as if Sam's having his cake and eating it, having it both ways, talking about the company being a non-profit but behaving as if it is a for-profit?Keach Hagey: Oh, yeah, they're very concerned. In fact, a number of them have signed on to this open letter to the attorneys general that dropped, I don't know, a week and a half ago, something like that. You can see a number of former OpenAI employees, whistleblowers and others, saying this very thing, you know, that the AG should block this because it was supposed to be a charitable mission from the beginning. And no amount of fancy footwork is gonna make it okay to toss that overboard.Andrew Keen: And I mean, in the best possible case, can Sam, the one thing I think you and I talked about last time is Sam clearly does, he's not driven by money. There's something else. There's some other demonic force here. Could he theoretically reinvent the company so that it becomes a kind of AI overlord, a nonprofit AI overlord for our 21st century AI age?Keach Hagey: Wow, well I think he sometimes thinks of it as like an AI layer and you know, is this my overlord? Might be, you know.Andrew Keen: As long as it's not made in China, I hope it's made in India or maybe in Detroit or something.Keach Hagey: It's a very old one, so it's OK. But it's really my attention overlord, right? Yeah, so I don't know about the AI overlord part. Although it's interesting, Sam from the very beginning has wanted there to be a democratic process to control what decision, what kind of AI gets built and what are the guardrails for AGI. As long as he's there.Andrew Keen: As long as he's the one determining it, right?Keach Hagey: We talked about it a lot in the very beginning of the company when things were smaller and not so crazy. And what really strikes me is he doesn't really talk about that much anymore. But what we did just see is some advocacy organizations that kind of function in that exact way. They have voters all over the world and they all voted on, hey, we want you guys to go and try to that ended up having this like democratic structure for deciding the future of AI and used it to kind of block what he was trying to do.Andrew Keen: What are the implications for OpenAI's competitors? There's obviously Anthropic. Microsoft, we talked about a little bit, although it's a partner and a competitor simultaneously. And then of course there's Google. I assume this is all good news for the competition. And of course XAI.Keach Hagey: It is good news, especially for a company like XAI. I was just speaking to an XAI investor today who was crowing. Yeah, because those companies don't have this weird structure. Only OpenAI has this strange nonprofit structure. So if you are an investor who wants to have some exposure to AI, it might just not be worth the headache to deal with the uncertainty around the nonprofit, even though OpenAI is like the clear leader. It might be a better bet to invest in Anthropic or XAI or something else that has just a normal for-profit structure.Andrew Keen: Yeah. And it's hard to actually quote unquote out-Trump, Elon Musk on economic subterfuge. But Altman seems to have done that. I mean, Musk, what he folded X into XAI. It was a little bit of controversy, but he seems to got away with it. So there is a deep hostility between these two men, which I'm assuming is being compounded by this process.Keach Hagey: Absolutely. Again, this is a win for Elon. All these legal cases and Elon trying to buy OpenAI. I remember that bid a few months ago where he actually put a number on it. All that was about trying to block the for-profit conversion because he's trying to stop OpenAI and its tracks. He also claims they've abandoned their mission, but it's always important to note that it's coming from a competitor.Andrew Keen: Could that be a way out of this seeming box? Keach, a company like XAI or Microsoft or Google, or that probably wouldn't happen on the antitrust front, would buy OpenAI as maybe a nonprofit and then transform it into a for-profit company?Keach Hagey: Maybe you and Sam should get together and hash that out. That's the kind ofAndrew Keen: Well Sam, I'm available to be hired if you're watching. I'll probably charge less than your current consigliere. What's his name? Who's the consiglieri who's working with him on this?Keach Hagey: You mean Chris Lehane?Andrew Keen: Yes, Chris Lehane, the ego.Keach Hagey: Um,Andrew Keen: How's Lehane holding up in this? Do you think he's getting any sleep?Keach Hagey: Well, he's like a policy guy. I'm sure this has been challenging for everybody. But look, you are pointing to something that I think is real, which is there will probably be consolidation at some point down the line in AI.Andrew Keen: I mean, I know you're not an expert on the maybe sort of corporate legal stuff, but is it in theory possible to buy a nonprofit? I don't even know how you buy a non-profit and then turn it into a for-profit. I mean is that one way out of this, this cul-de-sac?Keach Hagey: I really don't know the answer to that question, to be honest with you. I can't think of another example of it happening. So I'm gonna go with no, but I don't now.Andrew Keen: There are no equivalents, sorry to interrupt, go on.Keach Hagey: No, so I was actually asking a little bit, are there precedents for this? And someone mentioned Blue Cross Blue Shield had gone from being a nonprofit to a for-profit successfully in the past.Andrew Keen: And we seem a little amused by that. I mean, anyone who uses US health care as a model, I think, might regret it. Your book, The Optimist, is out in a couple of weeks. When did you stop writing it?Keach Hagey: The end of December, end of last year, was pencils fully down.Andrew Keen: And I'm sure you told the publisher that that was far too long a window. Seven months on Silicon Valley is like seven centuries.Keach Hagey: It was actually a very, very tight timeline. They turned it around like incredibly fast. Usually it'sAndrew Keen: Remarkable, yeah, exactly. Publishing is such, such, they're such quick actors, aren't they?Keach Hagey: In this case, they actually were, so I'm grateful for that.Andrew Keen: Well, they always say that six months or seven months is fast, but it is actually possible to publish a book in probably a week or two, if you really choose to. But in all seriousness, back to this question, I mean, and I want everyone to read the book. It's a wonderful book and an important book. The best book on OpenAI out. What would you have written differently? Is there an extra chapter on this? I know you warned about a lot of this stuff in the book. So it must make you feel in some ways quite vindicated.Keach Hagey: I mean, you're asking if I'd had a longer deadline, what would I have liked to include? Well, if you're ready.Andrew Keen: Well, if you're writing it now with this news under your belt.Keach Hagey: Absolutely. So, I mean, the thing, two things, I guess, definitely this news about the for-profit conversion failing just shows the limits of Sam's power. So that's pretty interesting, because as the book was closing, we're not really sure what those limits are. And the other one is Trump. So Trump had happened, but we do not yet understand what Trump 2.0 really meant at the time that the book was closing. And at that point, it looked like Sam was in the cold, you know, he wasn't clear how he was going to get inside Trump's inner circle. And then lo and behold, he was there on day one of the Trump administration sharing a podium with him announcing that Stargate AI infrastructure investment. So I'm sad that that didn't make it into the book because it really just shows the kind of remarkable character he is.Andrew Keen: He's their Zelig, but then we all know what happened to Woody Allen in the end. In all seriousness, and it's hard to keep a straight face here, Keach, and you're trying although you're not doing a very good job, what's going to happen? I know it's an easy question to ask and a hard one to answer, but ultimately this thing has to end in catastrophe, doesn't it? I use the analogy of the Titanic. There are real icebergs out there.Keach Hagey: Look, there could be a data breach. I do think that.Andrew Keen: Well, there could be data breaches if it was a non-profit or for-profit, I mean, in terms of this whole issue of trying to have it both ways.Keach Hagey: Look, they might run out of money, right? I mean, that's one very real possibility. They might run outta money and have to be bought by someone, as you said. That is a totally real possibility right now.Andrew Keen: What would happen if they couldn't raise any more money. I mean, what was the last round, the $40 billion round? What was the overall valuation? About $350 billion.Keach Hagey: Yeah, mm-hmm.Andrew Keen: So let's say that they begin to, because they've got, what are their hard costs monthly burn rate? I mean, it's billions of just.Keach Hagey: Well, the issue is that they're spending more than they are making.Andrew Keen: Right, but you're right. So they, let's say in 18 months, they run out of runway. What would people be buying?Keach Hagey: Right, maybe some IP, some servers. And one of the big questions that is yet unanswered in AI is will it ever economically make sense, right? Right now we are all buying the possibility of in the future that the costs will eventually come down and it will kind of be useful, but that's still a promise. And it's possible that that won't ever happen. I mean, all these companies are this way, right. They are spending far, far more than they're making.Andrew Keen: And that's the best case scenario.Keach Hagey: Worst case scenario is the killer robots murder us all.Andrew Keen: No, what I meant in the best case scenario is that people are actually still without all the blow up. I mean, people are actual paying for AI. I mean on the one hand, the OpenAI product is, would you say it's successful, more or less successful than it was when you finished the book in December of last year?Keach Hagey: Oh, yes, much more successful. Vastly more users, and the product is vastly better. I mean, even in my experience, I don't know if you play with it every day.Andrew Keen: I use Anthropic.Keach Hagey: I use both Claude and ChatGPT, and I mean, they're both great. And I find them vastly more useful today than I did even when I was closing the book. So it's great. I don't know if it's really a great business that they're only charging me $20, right? That's great for me, but I don't think it's long term tenable.Andrew Keen: Well, Keach Hagey, your new book, The Optimist, your new old book, The Optimist: Sam Altman, Open AI and the Race to Invent the Future is out in a couple of weeks. I hope you're writing a sequel. Maybe you should make it The Pessimist.Keach Hagey: I think you might be the pessimist, Andrew.Andrew Keen: Well, you're just, you are as pessimistic as me. You just have a nice smile. I mean, in all reality, what's the most optimistic thing that can come out of this?Keach Hagey: The most optimistic is that this becomes a product that is actually useful, but doesn't vastly exacerbate inequality.Andrew Keen: No, I take the point on that, but in terms of this current story of this non-profit versus profit, what's the best case scenario?Keach Hagey: I guess the best case scenario is they find their way to an IPO before completely imploding.Andrew Keen: With the assumption that a non-profit can do an IPO.Keach Hagey: That they find the right lawyers from wherever they are and make it happen.Andrew Keen: Well, AI continues its hallucinations, and they're not in the product themselves. I think they're in their companies. One of the best, if not the best authority, our guide to all these hallucinations in a corporate level is Keach Hagey, her new book, The Optimist: Sam Altman, Open AI and the Race to Invent the Future is out in a couple of weeks. Essential reading for anyone who wants to understand Sam Altman as the consummate salesman. And I think one thing we can say for sure, Keach, is this is not the end of the story. Is that fair?Keach Hagey: Very fair. Not the end of the story. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Friday Focus provides listeners with a focused, half-hour masterclass on the big issues, events and trends driving the news and current events. The show features Janice Gross Stein, the founding director of the Munk School of Global Affairs and bestselling author, in conversation with Rudyard Griffiths, Chair and moderator of the Munk Debates. Rudyard and Janice open today's show with their key takeaway from the Canadian election: Mark Carney's functional minority was delivered to him by the Boomers who want to protect their assets and wealth accumulation, often at the expense of the younger generation who are faced with poor job prospects and an inflated housing market. Governments need to address these conflicting demographic interests and provide a pathway to financial security for our young people. In the second half of the show Rudyard and Janice turn to the ongoing nuclear negotiations between the US and Iran. The new agreement being discussed is very similar to Obama's JCPOA, a deal that Trump backed out of in his first term in office. Why does Trump want to pursue a deal with Iran at the expense of the security of their close ally Israel? How are the Saudis influencing Trump's foreign policy in the Middle East? And will Israel be forced to go against Trump and strike Iran's nuclear facilities on their own? To support the Friday Focus podcast consider becoming a donor to the Munk Debates for as little as $25 annually, or $.50 per episode. Canadian donors receive a charitable tax receipt. This podcast is a project of the Munk Debates, a Canadian charitable organization dedicated to fostering civil and substantive public dialogue. More information at www.munkdebates.com.

Over the weekend President Trump suggested that with the "bonanza" created by his "Liberation Day" tariff plan, taxes on Amerians making $200K or less may be sharply reduced...or even eliminated. Can it be done? Also today: Saudis to buy $100 billion in US weapons. What could go wrong?

It has been a wild week for Bayern Munich as the club prepares to try and capture the Meisterschale. That focus has not slowed down the news, however. The Bavarians are embroiled in key contract talks, transfer rumors and even potential heat on the front office. Needless to say, there is much to talk about. Let's dive into what we have on tap for this edition of the Bavarian Podcast Works — Weekend Warm-up Show: Bayern Munich's backline is on shaky ground at the moment — Dayot Upamecano's contract talks have stalled, Kim Min-jae is on the hot seat, and rumors are indicating that the club could make a splurge play for Dean Huijsen. Everyone wants Bayer Leverkusen's Florian Wirtz — Bayern Munich now has to battle Manchester City, Real Madrid, Arsenal FC, and Liverpool FC for the Germany international. Kingsley Coman might be ready to move on as the Saudis could make him an offer he can't refuse. A brief Entertainment Rundown. Be sure to stay tuned to Bavarian Podcast Works for all of your up to date coverage on Bayern Munich and Germany. Check us out on Patreon and follow us on Twitter @BavarianFBWorks, @BavarianPodcast @TheBarrelBlog, @BFWCyler, @IredahlMarcus, @enadmo1135, @TommyAdams71 and more. Hosted on Acast. See acast.com/privacy for more information.

Jen Psaki breaks down a hopeful week for Democrats, which included hundreds of thousands of Americans in both red and blue districts pouring into the streets to protest Donald Trump, Cory Booker's record breaking 25 hour speech, and a win for  liberal judge in the Wisconsin's Supreme Court race against the heavily-funded MAGA  favorite. Jen also explains why Trump's tariff debacle is more than just a “little disturbance,” forecasting the rising costs all Americans will now face. Michigan governor candidate, Lieutenant Governor Garlin Gilchrist joins to talk about how the tariffs have already affected the auto industry in his state as he runs for Governor. Next, Jen addresses the hypocrisy of Trump's claim of letting the states run their own schools while he uses the federal government to intervene in their curriculum. Former Education Secretary Miguel Cardona joins to discuss what Trump's big government approach means for teachers and how it might limit opportunities for children. Congresswoman Brittany Pettersen joins next to discuss Speaker Johnson's opposition to proxy voting for new parents, something that even members of his own party support. And finally, Jen addresses the message Trump is sending when he skips a ceremony for fallen servicemembers and prioritizes LIV golf with the Saudis at his resort instead.   Check out our social pages below:https://twitter.com/InsideWithPsakihttps://www.instagram.com/InsideWithPsaki/https://www.tiktok.com/@insidewithpsakihttps://www.msnbc.com/jen-psakihttps://bsky.app/profile/insidewithpsaki.msnbc.com

In today's The Game Within, we're diving headfirst into the chaos of NFL Free Agency—exploring how players really hold the power, what makes a team desirable, and how front offices are making moves behind the scenes. The guys are joined by Gevin Reynolds, who worked in the NFL's finance office supporting labor negotiations and host of "Lowlights" here on Valor Media Network. Plus, our Quick Five serves up the latest drama: from the rise of celebrity-produced documentaries to UFL's labor showdown, Dana White cashing in with the Saudis, Trump stirring up World Cup politics, and Stephen A. Smith taking aim at LeBron James. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's word of the day is 'truth' as in Justin Turner as in Seattle Mariners as in MLB as in owners as in spending. Turner was on the Mariners last season. And he has some things to say about the Mariners offseason spending… or lack of it. (11:35) I have an update or correction on the MASN deal between the Orioles and Nationals. (17:11) WBD prez David Zaslav says the company never needed the NBA. He said they have NASCAR and CFP games and soccer games and more! (32:40) Review: La La Land. (37:00) Saquon Barkley record-setting contract. Maxx Crosby record-setting contract. NFL players are getting paid big money. Markets are getting reset. What does it all mean? (46:05) NPPOD. (47:40) Sportswashing is over. It worked. The Saudis have done it. TKO announced a deal with the Saudis to create a boxing league. Dana White will be the face of it. Congrats. Learn more about your ad choices. Visit podcastchoices.com/adchoices