Maybe we can pick up there and you tell us a little bit how you're perceiving the, you know, just the power of the money side of things of the West.

Okay, sure.

So...

The idea that the British Empire never really went away just kind of emerged in little bits and pieces through the course of my research.

And I've been doing this research for... let's call it the best part of the last 30 years, because I was also very confused about the war in former Yugoslavia where, you know, when I was a young man in my 20s, my early 20s, I bought into the whole narrative and I volunteered for military service and I participated in that war.

And fortunately, I came out unharmed and untraumatized.

The only time I got fired at was friendly fire.

Get started at Vanta.com.

[laughs] What is it in their psychology that meant that they couldn't even leave that ma- that majority below them sharing that one, that tiny percent? It-- when, when they had it so good, why, why, why, if it ain't broke, don't fix it?

It seems to me that as time goes by, this system, uh, just needs to always escalate its, its predatory behavior.

You know, so from the get-go, they take a little bit, and then as, as things progress, they take more and more, and increasingly more, and increasingly more, until you reach such, uh, staggering levels of wealth polarization that it's, it becomes very obvious.

Uh, people at the bottom, uh, start asking themselves, "How, how is this even possible? How, how is it that we're always broke? How-- why was it-- why was one blue-collar income enough to raise a family 50 years ago, and today two white-collar income, uh, is, is, is barely enough, or maybe it isn't enough?" I mean, if you look at the European Union, which is supposed to be the world's wealthiest, most advanced, most productive economies, uh, according to s- official statistics, Eurostat, 45% of all European households, uh, struggle to make ends meet.

I mean, we're supposed to be this super prosperous 450 million people, uh, in European Union.

Uh, after all, we colonize a good chunk of the world.

We exploit the brown people everywhere.

And now you've got a herd that knows it's a herd.

Let's start there.

Well, I've been observing for five years now, since August 2029, that one of the major drivers of capital markets, of bond markets and interest rates has been geopolitics.

Because the first big jump in interest rates from, let's call it the all time historical lows that we had in 2020, when, you know, we had very nearly zero interest rate environment.

And in some places, we had below zero interest rate environments.

And somehow people and policymakers convinced themselves that this is the new normal.

Money is for free.

Now we can have infinite amounts of money so far.

went to 6% on

But your thoughts?

Well, you know, I think that the Russian, uh, leaders, Russian leadership, uh, know their history very well, and they know that they've been, uh, at the receiving end of, uh, sabotage operations, regime change operations, terrorism, and, uh, all the way up to, uh, military invasions from the West for centuries.

Literally from centuries.

It's just one thing or another.

You know, it's just, it's not just Napoleon and, and, uh, how do you call it, Hitler.

This has been happening every, uh, few generations, and so they understand this, uh, danger.

But I think that, uh, in, in their relate- relatedness to l- relatedness to the West, and, and, and this is not so much, um, about Vladimir Putin's administration.

What, what, what do you think about, about this transition period, you know?

Just as you began in your part one and continued in part two and part three, maybe we could start with making it really a clear point on what are the two systems that you're speaking about, the values, the economic roles, and the institution that distinguish its system.

Yes, thank you.

I think that this is probably... one of the most important subjects for people to learn about.

It's not the most important subject for people to learn about because it affects how we shape our societies and how our future is going to shape up and what state we're going to leave the world behind for future generations.

And so I'll go back to George Soros and his annual speech at the Davos World Economic Forum event in 2021.

He used to give a speech there every year.

And what he said at the time, it was that world is engaged in a struggle between two systems of governance.

So what role does control over money and credit play then? Because the financial decisions can shape a country's ability to build industry, infrastructure, and public services.

Well, wha- how would this, uh, impact, um, I guess, [chuckles] regular folks? Because if, uh, if the bond markets, uh, will become less attractive, they have to pay, you know, higher yields, then they would have to What, borrow more? Sell more bonds? Uh, print more money? I mean, how, um, uh, how do you see this dynamic working?

Uh, well, it would...

At first it would seem like a good thing because, uh, depend on, on savings, on the performance of their pension schemes and so forth, it would seem that they're getting higher returns.

But what, what's actually happening, and this is, this is the explanation that isn't, uh, isn't in vogue.

You know, the, n- not many people are talking about this, but w- what, what, what I think is happening is that, and, and why this has a, a, a very close connection with the geopolitics, is because I think as the Western powers are losing, uh, their hold on their colonial possessions, and, you know, we have to call it by what it is, uh, you know, places like Ukraine, places like the, uh, regions like the Middle East, the cash flows they used to, uh, p- flow from, from those regions towards the Western financial centers are drying up.

And a lot of financial instruments were based on those cash flows, meaning, you know, let's say, uh, Western financial institutions extend loans to Saudi Arabia, Qatar, uh, Ukraine, um, you name the nation, in order for them to develop their resources, in order for them to exploit their oil and gas and so forth.

And then, uh, as those nations export their grain, their oil, their gas, urea, and so forth, uh, they are using those cash flows to repay those loans.

Uh, I was wondering, h-how do you see this now, the, the, the, the Chinese economic model rising, possibly ri- uh, uh, well, discrediting the US model, especially now that it's running into these, uh, financial problems?

I'm conceding.

But I think it's always been that way.

I don't think...

There's many, many cases where somebody independently makes a fortune that they weren't vetted and induced in some kind of an order and backed by certain groups of people.

And maybe it's just one group of people because it keeps coming up and it comes up in the 1800s.

when the steel, the oil, the railways, the retail trade, when they started building department houses and large shops, it always was some guy who had a stall in Brooklyn, who suddenly in the space of 10 years became one of the richest men in America.

And then what happens is they die and in their will, you know, like everybody thinks that they have like $100 million and then in their will, they leave like $400,000 to their kids and $1 million to their wife and everything else is owned by somebody else.

Well, I've been a Putin fan for a while, not because he's a lovely, charming person, but because I think he's grounded as hell.

What, what would you expect to happen or to see?

Uh, th- thank you, Glenn.

That's, that's like the perfect question because, [clears throat] sorry.

Uh, the way I figure it is that you, you, you had this whole arrangement where, um, corporations, which were clients of Western banking institutions, went around the world and built up, um, oil production facilities, gas production facilities, uh, um, mines, uh, farming, uh, concerns, um- All this was funded by loans from these banks, right? These loans were, uh, assets on those banks' balance sheets, meaning loans to their clients are assets to the, to the, to the bank.

And these assets were producing cash flows that were flowing to these banks.

And, uh, you know, as we have this, uh, magical, mm, fractional reserve banking system, which, which, you know, which in itself is a big lie, but it's, it's a different subject.

But let's say that these banks are very highly leveraged, and I think that today, uh, American banks are leveraged, uh, close to 20-fold, right? Uh, meaning that they have 20 time as much assets on their balance sheets as they have a loss-absorbing financial cushion, as, as they have, like, tier one assets that, you know, if, if, if their, some of their assets go bad, that they can, uh, cushion the, the, the blow and that they can absorb these losses.

Do you see the attack, do you see the Gulf States, their vulnerable position having an impact on the, on the AI market and the whole, uh, bubble existing there now in the US?

Yeah.

G- no, no, that's a, that's a great, a very important question.

And not to sound like a broken record, but it-- we-- I think that we always have to regard, um, all of these different conflicts around the world as a, as the, as the clash between two systems of governance.

Uh, this is, I think, clear, and this is what makes, uh, the war between United States and Israel against Iran, and the war between, uh, Ukraine and Russia, and the internal strife in European countries, in the UK, in the United States, Canada, Australia, uh, all parts of the same conflict.

And the two systems of governance are basically the Western, um, colonialist empire with its governing structures against everybody else.

And I think that the farther this conflict goes, the more it becomes very clear that, in fact, the interconnections, as you, as you, as you mentioned, run very, very deep, much deeper than we knew.

And so, you know, we've seen, uh, three days ago Rupert Lowe publish his be-- inquiry into the, into the gang rapes in Great Britain, and, uh, that's a story that has almost died even though it's been going on for decades.

How, how do you see this? Is it- Well, what do you think would crack first? Is it the economic sustainability, like the political aspect, I mean, this isn't gonna work, or will this just be resulting in a military, uh, defeat or outcome?

Right.

And they've been trying to get at Iran in a variety of ways, including the proxy war by supporting Saddam Hussein, and then we had the Iran-Iraq war for seven, eight years.

Uh, then Iran got surra- sur- practically surrounded by US and British military bases.

Uh, then there were these negotiation, JCPOA, um, maximum pressure sanctions, and all these things.

Uh, and now we had, uh, some kinetic action since, since Trump came to power, first in June of this year, and then, uh, in February.

No, sorry, June of last year, and then, and then in February of this year.

And, uh, a lot of, a lot of people are upset at, at Trump.

Yeah

What I think, Andy, is that this is being done deliberately.

This is not an accident.

Because you had reasonably well-ordered societies, you had advanced industrial economies, and now it's all unraveling, it's disintegrating almost in a straight line.

And some of, well, a lot of it is, most of it is self-inflicted.

Namely, Germany, which was the industrial powerhouse of Europe, which until maybe 12 years ago was the world's number one exporting superpower, is suddenly contracting and it's losing its most important industries.

And how did that come about? Well, it lost energy competitiveness because it now pays some of the highest energy prices in the whole world.

Sorry? A lot of natural resources, too.

A lot of natural resources.

Uh, but I was wondering, how are you assessing these events? Uh, are we seeing a rapid escalation?

Uh, well, you know, we had a, a...

I think yesterday or day before, we had, uh, Volodymyr Zelensky send a letter to Trump, which sounded pretty desperate, uh, begging him to send, um, to send, uh, mm, the Patriot PAC-3, uh, air defense missiles because of these anticipated attacks on, on Kiev, which suggests that, uh, the Ukrainians are quite desperate, that they, they have no defenses, and that they understand that the Russian attack is going to wreak a great deal of damage to the Ukrainian government and to their, their, um, the administration of their, of their society.

And, um, [clears throat] the-- I would be very surprised if, given the circumstances, Russians thought that it would be a great idea to slam a drone into an apartment building in Romania.

What purpose would that serve? That wouldn't serve any good purpose for the Russians.

Uh, it would serve a lot of good purposes for the Ukrainians because they are...

You know, I, I, I see Zelensky a little bit panicked, like, uh, he is seeing the writing on the wall and that it's, uh, uh, very close to game over for him.

So given that the, the, the ability to do diplomacy is, is so damaged, uh, do you see an off-ramp? Because I feel we're going up an escalation ladder here, which could, you know, be very dangerous.

How, do you think that's a fair criticism when we're looking at this, um, bigger picture, um, uh, even considering even the, the historical, uh, contents of it?

Yeah, I think that particularly in, in perspective or historical context, it's not a fair criticism because, um, Israel is a, is a, is a foreign intruder in the region.

It was created there for a reason, and it wasn't created as a homeland for the, you know, long-suffering Jewish people.

It was created in order to create, to, to set, set up a beachhead in the region because the British Empire decided that it needed to control that region, not only for its, um, for its, uh, energy resources, but also because it's a, it's a crossroads, uh, between East and West.

Uh, uh, you know, three extremely important, uh, trade choke points, points, uh, uh, the Red Sea, uh, Bab el Mandeb's, Mandeb Strait, uh, and, um, the, uh, Hormuz Strait.

And so Iran has been at the receiving end of harassment by foreign, uh, colonial powers since the beginning of the 20th century, so for about 120 years now.

And, uh, in that time, it's been invaded, it's been, um, sabotaged in many ways.

Given your philosophy and the way that we're looking at this, um, how does that philosophy apply to this moment?

Mm-hmm.

Uh, I'm tend- tending to think that it wasn't legit.

Too many red flags.

Uh, so Galloran won with 10,280 votes, and he received votes from 10,854 mail-in ballots.

That reminds me of something.

And, uh, we already know the US electoral process is very highly flawed and very highly compromised, so that shouldn't be a surprise.

But here's, here's why I'm raising this possibility.

Mm.

So do you think the US would go down fighting or would accept that new reality?

Well, well, that's a great question, and I don't know the answer to it.

I think that the normal, uh, you know, the normal reactions on the part of the hegemon is to, to continue doubling down.

Uh, but, you know, the American people are fatigued with wars.

They, they explicitly voted for Trump because he was promising that he wouldn't do, do what he has done.

And so there's very little public support for what he's doing.

Uh, and I think that that's going to, that's going to impact his decisions because, you know, the, you can be a commander-in-chief and you can tell them, "Go fight, uh, attack, ground operations," but you have, you have troops, you have soldiers, you have, you have commanders who might say, "Sir, this is a bad idea." You, you might get pushback.

Um, anything, anything there?

so forth

so if iranians wanted to infiltrate mek they would have to not just send volunteers to work for the MEK.

They would have to probably transfer a lot of money to places like London, New York, and so forth, pose as wealthy Iranian businessmen, make probably large donations to the MEK, get into their...

So obviously that accounts for the ties between Iran and the UAE.

Because UAE has been set up as pretty much a money laundering hub.

And so obviously, Iranians saw a lot of benefit from being there, being present, and making good use for themselves out of that.

That doesn't mean that they are on board with them or that they're allies.

That is, negotiation is facilitated by China.

Wow.

And so this kind of shit happens a lot and, uh, out of necessity, you know.

But then there's also, um, how do you call it? Intelligence and counterintelligence operations.

You know, you can't-- modern war, you can't fight it as an, as an autarky, be completely closed out.

You need to understand the enemy's operations.

You need to understand how their, you know, power is laid out, where the, where the weak points are.

And you can only do that by infiltrating their side, right? Uh, for an example, um, the, the opposition-- one of the opposition, uh, groups to Iran is the MEK, Mujahedin El something, I forget.

That is, um, negotiation is facilitated by China.

So what do you think happened in America?

I genuinely don't know, Glenn.

I'm mystified.

Uh, you know, the opinions, the opinions about what happened cover practically or all the, the whole range of possibilities.

Some people say that Trump was always like this.

He was just hiding his game, you know.

He just came out of the closet as a, as this, this globalist arch Zionist.Um, so I don't know, I don't know if that's true or not.

I was wondering, how, how do you read this situation? Because if we are gonna end up in a massive war with Russia, with the Russians possibly launching a, a limited nuclear strike to restore its deterrent, I think this is gonna be the most likely pathway now.

Wow.

And so this kind of shit happens a lot, and, uh, out of necessity, you know? But then there's also, um, how do you call it? Intelligence and counterintelligence operations.

You know, you can't-- Modern war, you can't fight it as an, as an autarky, be completely closed out.

You need to understand the enemy's operations.

You need to understand how their, you know, power is laid out, where the, where the weak points are.

And you can only do that by infiltrating their side, right? Uh, for an example, um, the, the opposition-- One of the opposition, uh, groups to Iran is the MEK, Mujahedin el something, I forget.

Anyway, they're funded by, you know, Western intelligence agencies, uh, US State Department, CIA, and so forth.

That is, um, negotiation is facilitated by China.

um let me find because i thought they mentioned the damage is 270 billion the damage that they've had from the war that's the number they've shared i could be wrong i'll get you the exact information whether that statement was made by russia because a guest mentioned it just earlier obviously he's mentioning 11 trillion dollars he's trolling the americans there because the estimates by the iranians is a lot less so he could be trolling trump and they've been trolling him on a daily basis by the way when trump made a post thanking iran for not executing the uh Iranian prisoners there were people that were in prison and then Iran posted a picture of six girls all AI's like one face with like different hijab and different whatever different accessories on her face and they said thank you to Trump we did not execute these prisoners and they're all like AI photos of girls so yeah it's a trolling war is won by Iran but I'll find out for you now on the Arachi one

Well, Mario, look, I thought that from the beginning of the ceasefire, I didn't think that the ceasefire was going to hold.

Trump has started something that he cannot finish successfully.

But, you know, the forces that have dragged Trump into this colossal blunder still want this war.

Trump doesn't.

It's a problem.

I think that when I refer to forces that want this war, we have to think Israel, and then we have to think of those who created Israel.

Putting all these pieces together, where do you see the war heading?