00:08:53.880The difference between Warren Buffett and you and me is he trusts his gut, he trusts what he reads, and he doesn't wait for other people to verify.
00:09:09.800His team verifies, and he trusts his team.
00:09:13.060The words of my grandfather keep ringing in my head.
00:09:19.840If we only knew what the rich people knew before the Great Depression, we would have been fine.
00:13:33.120Kids were being kidnapped by Islamic rings, and they were being sexually abused, and the police denied it, denied it, denied it.
00:13:45.520Then, when it couldn't be denied anymore, they did a little bit, very little bit, but then everybody in the neighborhood that was standing up, they were deemed the bad guy.
00:14:45.220When the government has lost all of its credibility, and for instance, they say, we're serious about terror, and they're not.
00:14:55.960And people keep pointing it out, and the government doesn't response, and then something bad happens, and Bubba, not really knowing anything about world religions or whatever, will walk into a convenience store, and he'll shoot a Sikh because he's got a turban, and he doesn't know.
00:15:16.520He'll shoot a Sikh, and it's you people, and everybody will know that's wrong.
00:15:24.260But when the federal government comes in, the people will stand up and say, hey, we'll deal with Bubba.
00:16:18.980The government is blaming everything on the right and social media, which will only make things worse because the forgotten man is not a neo-Nazi.
00:16:32.760The forgotten man is just the guy who loves his country, has gone to work every day, seems to be forgotten, seems to be left behind.
00:16:41.940Nobody ever seems to talk about him unless it's to blame him for something that he had nothing to do with.
00:16:51.740And, of course, everybody's lining up to quash freedom of speech.
00:16:58.500They don't have it like we have it here in America.
00:17:22.640In a few minutes, we'll tell you exactly what is also happening in Israel with Iran and how Russia is now helping an enemy of the United States.
00:17:33.560We'll do that here in just a couple of minutes.
00:17:36.660First, let me tell you about Rough Greens.
00:17:39.740Tina wrote in about her dog's experience with Rough Greens.
00:24:26.280I have to tell you, I really wish I could put you in my headspace right now.
00:24:30.900It's almost like there's a hedge of protection on my headspace right now because the news that is coming out is really, really dark and we're getting closer to something.
00:24:43.420And I don't think we're going to like it.
00:27:51.620But what I want to know is, is this carrier group that's going out in addition to what we usually send in the sixth fleet that's always there?
00:28:00.880Is this a replacement or is this an addition?
00:28:14.340Yeah, and it's especially significant when you think about all the different theaters that we're guarding against right now.
00:28:21.620And I've got to tell you, Glenn, looking at the state of the economy, looking at our adversaries, what they're trying to do with the economy, with organizations like BRICS, they're also the same people that are opposing us in Eastern Europe right now.
00:29:37.980Yeah, when everyone that always analyzes this, they always say, oh, BRICS will never, you know, out, you know, dominate the dollar, you know, as the global reserve companies.
00:29:55.720But that's not what's being built here.
00:29:57.980I got to tell you, when I was looking at all this information all together and some, I kept thinking about, you know, the famous Paul Harvey monologue.
00:30:05.360You know, if I were the devil, what would I do to make change?
00:32:13.860And then you have outside forces, dare I say it, like Russia, again, and the influence of those we have spoken about many times on this program
00:32:28.600that want the West to collapse and are sowing this really demonic seed in not only England and France and all of Europe, but here in America as well.
00:32:41.340Unless we get transparency, we're in trouble.
00:32:50.100Unless somebody stands up and says, you know what, I'm going to open up all the books on this.
00:32:53.800I mean, the arguments that I'm hearing now that Kamala is just so great when this whole thing has been undemocratic from the beginning
00:33:09.920and nobody's really looking at her record and everybody is saying, you know, well, Donald Trump, he's a bad guy.
00:33:22.240I said to somebody this weekend, you know, this has been the, this is the one time that you can look at a politician, and I think they're all dirty,
00:33:32.820but I, I lived in New York City, Pat, you remember this, we used to drive by the Trump, um, apartments and, and hotels on the East side highway.
00:33:43.280And he was building like five of them and including, you know, digging under the highway.
00:33:50.220And he built five in the same time the city took to build one small building right across the street from them.
00:33:58.780And I would have said to you six years ago, eight years ago, the guy is dirty as hell.
00:34:05.220He's got to be, because you can't, how is it he can get the unions to do everything he wants them to do?
00:34:11.480How is it he can build five buildings to every one that everybody else builds?
00:34:16.920Well, I don't know, but he's the most investigated man, I believe, in human history.
00:34:24.160And they've never found anything like that.
00:34:26.280And nobody will listen, nobody will listen to that.
00:34:30.380Nobody will listen and say, you know, they've just been trained Trump bad.
00:34:36.320And, and if you're comparing, you know, uh, anyone to Hitler, I mean, Charles Manson could look good.
00:34:47.140Yeah, and he's got the Nazi, you know, the, the swastika carved in his forehead, but he's not telling everybody to hang banners on off of every building, you know, hello.
00:34:57.700So they give you the worst possible look at somebody and somebody who actually loves America and, and, and, and here we stand with everything in open flame.
00:35:15.400Jason, what are you expecting to happen, uh, today, either in England or do you agree with Elon Musk that he says civil war is inevitable in England?
00:35:27.400Well, I mean, you got to think that, I mean, what's happening in England, I feel like could be copied in multiple different Western countries because the behavior is exactly the same.
00:35:38.860You, you talk about the, the non-transparency.
00:35:41.740Let's just look at that for just a second and how that fuels this.
00:35:44.380If you look on any major mainstream outlet, um, over in Europe or here, all you see is the same headline, far right protests or rioters, you know, truth is, you know, missing based off of misinformation, you know, like misinformation, disinformation, or malinformation from social media.
00:37:12.760First, let me tell you about SimpliSafe.
00:37:14.900SimpliSafe recently got a letter from a disabled veteran suffering from severe PTSD.
00:37:20.380He wanted them to know that because of the peace of mind he has from having SimpliSafe's advanced security technology and monitoring in his home, that he's actually getting good sleep and avoiding the nightmares he's had for over a decade.
00:37:36.760Now, that's something to be proud of, something they didn't expect and something that is just fantastic.
00:37:43.300I have trusted SimpliSafe for over a decade.
00:39:43.820I think that a similar attack involving a massive amount of drones and rockets is probable.
00:39:49.780I think the addition of non-traditional warfare armaments like those EMP, electromagnetic pulse type weapons, I know, that can be launched from like artillery or drones or rockets as well to knock out.
00:40:23.540But think about Israel's ability to respond to a massive wave coming from the Houthis, coming from Hezbollah, Hamas, Iran, you know, herself.
00:40:34.500And then with all of their electronic superiority knocked out, yeah, we're looking at a much different battlefield for sure.
00:40:41.800I will tell you, I think, I think we're in the same place we were at the end of World War I and the end of World War II.
00:40:56.960New things are being, or at the beginning of World War II, new things are being invented.
00:41:03.120Horses instead of tanks, or tanks instead of horses, airplanes.
00:44:23.920Maybe after this next election, things can start to get better.
00:44:27.400Nobody hopes that that will happen more than you and I do, but you cannot count on that.
00:44:32.060We are in a cycle where weak men have created hard times, and it remains to be seen if we can pull out of this nosedive and become strong men.
00:44:44.280You need to protect yourself and your family from the difficult spots ahead.
00:44:49.380You need to build a hedge against economic insanity.
00:44:52.200We're going to talk about what's happening with gold here in just a second.
00:44:56.480But I so strongly recommend gold or silver, especially silver.
00:45:02.020It's cheaper right now, maybe more affordable for you.
00:45:45.620I tell you, Carol, I was just thinking the same thing.
00:45:47.660You know, we never talk when it's good times.
00:45:50.880The stock market now, I have lots of questions.
00:45:55.560Can you just give me the update on what's happened around the world and then with the opening bell with the stock market?
00:46:03.940So last week, obviously, we saw some selling off in the stock market.
00:46:08.400It started with a repricing of the, quote, unquote, magnificent seven tech stocks that had been driving up the market, taking everything else up with them.
00:46:20.540And, you know, there's I think there was an awakening that, oh, in order for AI to be a thesis, companies are going to actually have to spend a lot of money.
00:46:28.300And that started kind of things a few weeks ago moving.
00:46:32.360Then in the middle of last week, we had the Fed who did not rate or excuse me, did not lower rates, but did signal that that could be on the table for September.
00:46:44.220And, you know, normally you would say, OK, the market wants the Fed to cut rates.
00:46:49.320But what happened is then we got a weak job report on Friday.
00:46:55.680And while sometimes, you know, the bad news can be good news for the market.
00:46:59.880In this case, they took it as bad news that the potentially the Fed was behind the curve in terms of lowering rates and that, you know, that they felt like maybe this whole idea of a, quote, unquote, soft landing.
00:47:14.720The idea that you can get the economy and inflation down without wrecking the economy is off the table.
00:47:22.120Then while all of this is going on, you have the Bank of Japan last week that decided to do the opposite of the Fed.
00:47:30.560They have been in 17 years of basically negative or zero interest rates.
00:47:37.600So their normalization is going in the other direction.
00:47:42.260They did that. So for the first time in 17 years, about four months ago, and then they decided because the yen, you know, the yen against the dollar, they needed to fix that, that they were going to go ahead and raise their rates.
00:47:57.660And unfortunately, they did not thread the needle perfectly on that.
00:48:01.280And that created implications for their markets.
00:48:04.400So when Japan opened, you know, last night, our time, their time in the morning, they saw this massive, massive sell-off.
00:48:15.180And what happens sometimes when you get these massive sell-offs are these unwinding of trades.
00:48:20.860Because they have had zero to negative interest rates, you get a lot of people borrowing.
00:48:25.660Those people who borrow make bets on the yen and on stocks, both in Japan and in the U.S.
00:48:32.700And then they get the margin calls, and then they end up having to sell, and that begets more margin calls.
00:48:39.440So you saw the Japanese Nikkei go down 12.5% in one day.
00:48:46.380It was their single worst day since 1987, that Black Monday day.
00:48:52.080So now, as, you know, the market has opened here in the United States, you know, there's anticipation of, you know, do we get, you know, how much blowback do we get, especially since we had seen some weakness last week.
00:49:05.100And, you know, obviously, things are going to shift during the trading day as we talk a lot here.
00:51:40.600But, you know, as you have companies talking about their earnings and talking about the spend, I think there was just this insanity amongst investors that they felt like, hey, I was just going to take off without looking at the cost side.
00:51:54.760And as companies are coming out and talking about, oh, here's how much capital we're going to have to deploy in order for this AI thesis to really work out the way that it has, I think the market went, okay, maybe we're not, you know, pricing this correctly.
00:52:54.400And it's funny that we're having this discussion today because if you go through his shareholder letter, you know, his other – one of his other really big bets that he talks about in the shareholder letter is starting in 2019, he doubled down on Japan.
00:53:07.680So he has five really big companies and really big positions in Japan.
00:53:11.900So the day that we're talking about Japan going down and at the same time the U.S. is going down, obviously Warren Buffett was not a catalyst for both of those things because he's still, as far as we know, still bullish on the Japanese trade.
00:53:27.720I mean, he has this massive cash pile.
00:53:32.100I mean, $276 billion, I think it is, which is just almost impossible to deploy.
00:53:40.980I mean, to think about how, you know, as an investor, do you even think about putting that to work and getting the appropriate returns?
00:53:48.460So I don't know – there could be several catalysts.
00:53:52.320This is all very much speculation because we have not heard from Warren at this point.
00:53:57.020I don't know if this is a signal where he felt like, hey, tech is just getting, you know, so frothy, this is a really good time for me to take profits.
00:54:05.940Maybe a little bit of taking profits ahead of the election, worry about an increase in capital gains perhaps under a potential new administration, although I don't think that he would have sold, you know, half of the position because of that.
00:54:22.680And, yeah, just repositioning his portfolio.
00:54:25.800But certainly, you know, given the fact that he is lauded as the best investor of all time, when he does things people have concern and the fact that, you know, whether it's Bank of America or it's Apple or some of his other positions, you know, as the fact that he is going to cash, certainly I would imagine on the retail side and probably on the institutional side to some extent has an impact in terms of people's behavior.
00:54:52.680All right, so two things that are protection against these have gone down, and you would think that they should have gone up, but my guess is gold and Bitcoin have both gone down, gold just a little bit, and Bitcoin about $10,000.
00:55:17.100And I'm guessing that's because when the market crashes, people with portfolios that have taken out money and borrowed money to buy it, they get a margin call, and they got to sell something.
00:55:32.880So it's a good time to buy Bitcoin and gold, I would imagine.
00:55:39.360Yeah, so that's my thesis as well, is that, you know, you would think, particularly as the yields on the 10-year are coming down, that you would see gold going up.
00:55:51.860And certainly gold has also been on quite a run for some time, but I have that same feeling that, you know, in this insanity, when you're getting these margin calls because everything else is kind of falling apart, you're looking at what it is in your portfolio that you can sell.
00:56:08.680And a likely scenario is something that has done well for you that maybe you feel okay taking some profits on.
00:56:15.880So that could be gold, that could be Bitcoin and the like.
00:56:19.060Something else that may weigh in just a tiny bit is that we've seen China also pause its gold purchases.
00:56:27.400China, biggest buyer of gold for 2023, you know, they took a pause in May and June, although, you know, they have signaled that they are going to continue to buy, but just based on pricing, they wanted to see, you know, where the price was going to settle out.
00:56:43.320That's at least the buzz around, you know, their thinking.
00:56:46.860I understood that they did not stop, that they said they were stopping, but they actually were still buying it.
00:57:41.460And, you know, now here we are talking about it at, you know, the levels of 2400 or 2500.
00:57:46.440But I think if we take a step back and think about the implications of, you know, what this could mean, if we're talking about, you know, whether it's, you know, with the indications coming from the jobs report and the Fed that there might be some cracks in the economy.
00:58:03.280If there is continued weakness in the market, there ends up being a bit of a self-fulfilling prophecy.
00:58:11.920There's something called the wealth effect.
00:58:13.860And when people's portfolios are doing really well, they feel confident to make more purchases and to, you know, to go out and spend.
00:58:23.400And when they come back down, even though we're still, you know, they've still done quite well and they're still, you know, still ahead, they start feeling, wow, maybe I don't have this bandwidth.
00:58:35.160The people who've had assets are the ones who've been keeping the consumer spending afloat.
00:58:40.940So if those people all of a sudden feel like, I don't know if I should be, you know, spending the same way that I have, that could impact the economy.
00:58:52.520Well, then you have, if the economy's down and stock market's down, you have fewer receipts for the federal government who is still planning to run this year, a $2 trillion deficit, which means that deficit could increase both from a nominal value standpoint, as well as a percentage of GDP.
00:59:12.480And that in and of itself could lead to more debt monetization and to more inflation.
00:59:18.800So, you know, you have to kind of play this out.
00:59:20.940But, yeah, I know we're getting a little wonky here.
01:01:12.820Okay, so we have war on the horizon in the Middle East and oil has gone down.
01:01:29.980That means that most people who are betting on oil think that there's going to be less need for it because the economy is going to be going down.
01:01:37.380And then we have a possible Harris administration, the most liberal woman to ever be close to the Oval Office.
01:01:47.500She was the most liberal senator in the history of the United States, and she could be our next president.
01:02:04.900Okay, so I think that whoever the president may be, they're going to have an awfully challenging time.
01:02:11.700And the signal was floated, I think we talked about this, Glenn, a few weeks ago, by these quote-unquote very famous economists who said that a Trump administration would cause an inflation bomb.
01:02:25.160And I think the reason they said that is because they know that one is likely coming either way, again, based on the debt deficits and to the extent that we see a decrease in the market and the economy that could end up making that worse.
01:02:40.940So they're setting the table that things aren't going to go well, and to the extent that Donald Trump wins, they want to be able to say, I told you so.
01:02:48.440So that is a signal to me that there is concern either way.
01:02:53.360I think that when you're in a time where things are kind of chugging along, the market's going to do what the market's going to do.
01:03:03.020It's sort of disconnected from the economy.
01:03:05.220But given the fact that we are now late in the game, that we've kind of had several years of these rate hikes and the like, and things that are trying to get back to normal, have very different benchmarks.
01:03:18.160After 15 years of zero interest rate policy, after the COVID mandate, after all of the insane Biden administration mandates and decisions that they've made, the fact that you have a new puppet in there, you still have the same puppet masters.
01:03:37.120You still have the same people behind Kamala that you do behind Joe.
01:03:42.540And now they feel like, OK, we have more time to be able to affect these insane policies.
01:03:50.240And whether it's desperation because they potentially are taking in less revenue, getting less from the stock market, trying to do more capital gains, there's nothing that they're going to do that is going to end up benefiting the economy or Main Street Americans.
01:04:07.120Carol Roth, as always, thank you so much.
01:04:27.940Sometimes having your personal information stolen is kind of a little bit on you, like when some Nigerian prince emails you asking for your bank account information.
01:05:24.740Crimes committed by thieves pretending to be you.
01:05:28.020And if you do become a victim of identity theft, they have a dedicated U.S.-based restoration specialist that will guarantee to fix it or your money back.
01:07:15.540So we are looking at a day where it is suspected that Iran may strike with some new sort of tactic and get involved that would move this into a regional war.
01:07:30.280Or, I know, just speaking as a mom, not a politician or anything else, boy, that has to seem like the worst possible thing.
01:07:41.440Well, it's, as you said, I mean, I'm a mother.
01:07:46.060Before 304 days, I was a high school teacher.
01:07:52.640And now I'm thrust into this alternate universe.
01:07:58.520And exactly as you said, in addition to the unimaginable misery and anxiety and angst that we are going through because our only son was stolen from us 304 days ago.
01:08:13.880And his dominant arm was blown off in that abduction.
01:08:18.080Now we have what is being said to be an imminent threat of an attack by multiple fronts.
01:08:27.420So I spent the morning gathering food and water and batteries for a transistor radio and moving things into a room that is our safe room so that we can be trying to be prepared for what is supposedly an imminent attack that has been said that the targets are going to be civilians.
01:08:53.020So we, I don't know what else to do except I've spent, as I have, you know, we happen to be a religious family and we always pray every day, but today extra, you know, psalms being said and preparing ourselves, you know, for what could be a real scary attack.
01:09:16.680You haven't seen your son or heard from him, you know, since day 201, 100 days plus have gone by and we don't know where the hostages are.
01:09:31.840They're, they're most likely not being held the way they were at the beginning.
01:09:39.740Is there any word at all on where these guys are?
01:09:45.340Is there, I mean, I don't understand why the United States itself doesn't go after at least its American hostages and go in and do it.
01:09:56.540I mean, we have the capability of doing it.
01:10:05.520I, of course, am not privy to that kind of intelligence that, that the U.S. and Israel either have or don't have.
01:10:15.180Our understanding is that the remaining 115 hostages are being held underground in the deep labyrinths of the tunnel system that is hundreds and hundreds of miles long underneath Gaza that is a very tangled, entwined underground highway of sorts.
01:10:35.720So what they do know is that the hostages are being held underground, they don't know where, because it's such a complicated and complex system.
01:10:47.620And they are trying to be very careful because they could go in.
01:10:53.600But the understanding is that they're embedded with the people who stole them and are being used as human shields.
01:11:03.960And so it's a complicated operation to try to get them out.
01:11:09.940And remember, you know, these people are not a homogenous group, a monolithic group of people.
01:11:15.980The remaining 115 hostages hail from 24 different countries, including, as you mentioned, there are eight U.S. citizens, including Hirsch, my son.
01:11:26.180And they are Christians, Jews, Muslims, Buddhists, and Hindus.
01:11:31.720These are, you know, it's an interfaith.
01:11:33.980It's really a global humanitarian crisis on the micro.
01:11:39.180You know, the last time we had a hostage crisis like this in America was 1979 under Jimmy Carter.
01:11:50.900And that gave birth to Ted Koppel and Nightline.
01:11:55.460And every day he had a counter on the screen.
01:11:58.620I started putting a counter on the screen, I think maybe day three of this.
01:13:28.700And I started to put a piece of masking tape that I would write the number in a magic marker and put it above my heart every morning.
01:13:35.800And I'm wearing it right now as I talk to you, number 304.
01:13:39.460And every time someone asks me about my number or when I travel, people will say, oh, you forgot your dry cleaning sticker on your sweater.
01:14:04.420The hostage families are so appreciative to you for doing that because to my understanding, I think you are the only one in the media who's making an effort always to publicize that number.
01:14:19.100And I think that the American public is just not knowledgeable about the fact that those original 251 hostages, 12 of them were U.S. citizens.
01:14:33.140What also a lot of Americans don't realize is that on October 7th, 45 U.S. citizens were murdered.
01:14:42.040This is not something that just happened in some random place to other people.
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01:40:39.920And I was amazed at the jobs report on Friday that came out, and somehow she found a way to blame Donald Trump for it, which is unbelievable to me.
01:41:22.900How do you have it both ways on everything?
01:41:25.200But her office released this statement, Donald Trump failed Americans as president, costing our economy millions of jobs and bringing us to the brink of recession.
01:41:37.220Now he's promising even more damage with the Project 2025 agenda that will decimate the middle class and increase taxes on working families while ripping away health care, raising prescription drug costs, and cutting Social Security and Medicare.
01:49:28.240You can buy groceries, gas, whatever with it.
01:49:31.480And the other thing is, is in the event of a problem down the road, Article 1, Section 10 allows states to have their own currency as long as it's gold or silver-based.
01:49:40.960And so this was sort of a long-term look out, protect the people kind of thing.
01:50:00.860The thing is, this makes it easy to use.
01:50:03.740Because, you know, if you buy gold and you've got it in your safe or under your bed or wherever you keep it, and then you need to use it, you've got to go find somebody to sell it.
01:50:11.920You know, this just makes it easier for that aspect of it.
01:50:16.660If everything collapses and we lose access to electronics or everything, well, obviously, whatever you've got physically in hand is what matters.
01:50:23.880Right, and you also just don't want…
01:50:27.340You know, that's the problem with the digital currency the government is going to be pushing.
01:50:32.280It's currently called the Hamilton, and they just control all of the information, and you can never physically withdraw your money.
01:51:32.300So, Michael, the biggest thing facing Kansas that you think you have the answer for?
01:51:40.320Well, the ESG thing, of course, has been something…
01:51:43.640This is something that we, like I said, like you mentioned earlier, when I came on with that comprehensive bill, boy, everybody came after me.
01:51:50.160Because, you know, you're going to protect the folks.
01:51:53.760And so what we did is I worked with Senator Thompson on the other side, and we actually crafted a bill so that it was only going to go after or prevent, you know, BlackRock and Vanguard and Chase Manhattan, those like that.
01:52:07.060We exempted through the size of the business.
01:53:14.540He's got a long record of donating to the chamber and working with the chamber, and they are backing him, as well as other…
01:53:21.200There's two other big business PACs that are backing him.
01:53:25.600The interesting thing is that I'm being backed by two PACs as well.
01:53:28.720My PACs, one is Make Liberty Win, whose special interest is the Constitution, and the other one is Students for Life, whose special interest is saving babies.
01:54:29.840And everyone should have equal access.
01:54:32.000I mean, I don't know how Democrats don't understand this, because I think they invented that whole rigmarole there on, you know, equal access.
01:54:39.640I think that was their thing for forever, but they don't seem to care about that now.
01:54:44.120But we have to have fighters in each state.
01:54:48.540I like to go back and think about, you know, our founders.
01:54:51.760There was a big business that existed back then called the East India Corporation.
01:54:55.940And that was the original public-private partnership with King George and East India Company.
01:59:49.080Yeah. So Hezbollah did start launching a few aerial projectiles from Lebanon over into Israel.
01:59:56.020I would suspect the worst scenario here would be that these are probing attacks and that Iran is lining up a larger attack,
02:00:05.500but this is exactly what you would need if you want to disguise some newer, to quote them, weapons that they might want to deploy if they do it.
02:00:13.520I mean, I'm talking about those electronic weapons.
02:00:18.120Why would we expect newer weapons being used?
02:00:21.160I'm basing this solely off the fact that they have threatened these before, most recently.
02:00:27.540They've talked about using them, and that is the only thing to get around the massive advantage that Israel does have,
02:00:34.280and that's their technological advantage.
02:00:37.380Right. And so it's like—and didn't they just announce that somebody in the Iranian hierarchy said, I think, on Friday that it's going to come in a different way,
02:00:49.540and it will be surprising and new, and Israel should brace themselves because we've got something new.
02:00:57.580And it's something that we have to look forward to as well because they can't hit countries like us or Israel conventionally anymore.
02:01:04.080They just can't. So how do they get around it? They employ newer, scarier ways to do that.
02:01:09.580Yeah, I got to tell you, I think we're like—you remember you watched the movie 1917, and people brought their horses in,
02:01:17.140and then they met tanks, and that was over.
02:01:20.960I just have this feeling that we're in that same space now with these gigantic aircraft carriers against drones.
02:02:15.840They are employing more artificial intelligence into these drones, but the ones that I've watched, I mean, there's like—they'll be like a Russian jumping out of a tank after it's been hit.