Trump warns NATO to help reopen the Strait of Hormuz. What does this really mean? Tom and Rob discuss this and more on today s episode of the podcast. Subscribe, Like, and Share to stay up to date on all things financial!
00:03:46.940And now it feels like we need other people's help when the tone we had, Pat, for the first 10 days, we got this, we're taking care of it, we have a structured plan, and here we go.
00:03:58.100And now it feels like maybe things are getting a little bit not as certain, and we need some help here.
00:04:04.960And so that's what I'm a little bit concerned about.
00:04:08.300It's like, are we reaching out for help, even trying to influence China?
00:06:36.620So to me, there is some some weird things that's happening with the war that they did not expect that for him to not come asking NATO.
00:06:45.820And by the way, if he's saying this publicly, if he's saying this publicly, Tom, which is what I think China should help, too, because China gets 90 percent of its oil from the Strait of Hormuz.
00:06:59.260Trump told a newspaper, adding he would prefer to know Beijing's position
00:08:08.340We look like we had a strong, independent voice.
00:08:11.060Now we're rallying people, and while he may be using this and using it in the right way to get the right leverage and the right phone calls,
00:08:18.660you know we looked real independent and strong and now it looks like we need our friends
00:08:22.400oh there there is from day one we needed friends from day one i mean you you know this is this has
00:08:29.940been with israel then golf's been involved and other people have been involved i don't think
00:08:34.300this been a this has been an alone project from day one has it been no well here's my thing
00:08:41.000do you did you think this was an alone project from day one no we were we weren't even getting
00:08:47.180verbal support from nato especially spain so i don't know that did we go alone no but there was
00:08:54.000not full-throated support for this everybody was like i can't believe you're doing this
00:08:59.420oh that part i agree with that part i agree with but guess what he called the shots now what he's
00:09:06.880the president there's consequences with elections if a guy gets elected and they go to these
00:09:11.980different events and they realize this is not a biden would biden guess what they do it's the
00:09:16.540other way around they tell biden what to do this time it's a new president coming in he's telling
00:09:20.800other people what to do and they're not used to that like wait a minute we're typically accustomed
00:09:24.400to telling you guys what to do but you don't seem to be afraid of it yeah here's what i need you guys
00:09:29.640to do adam your thoughts so ultimately this comes down to iran you know uh the one word i think of
00:09:35.580when i think of iran it's hostage you know they came in in 1979 and held how many of our citizens
00:09:42.040hostage in 444 okay so they came in in 1979 and i think can you fact check 400 to 500 of our own
00:09:48.040citizens hostage and now what they're doing for leverage is holding the world hostage so that
00:09:54.220starts with this hormuz thing that starts with oil that starts with energy 52 it goes to shipping
00:09:58.980four days okay and then it ends to the supply chain remind me where we used to hear the supply
00:10:04.180chain supply chain supply chain all during covid but if they didn't expect this from iran then they
00:10:11.840went in a little naive i would like to think that they knew all right what are the options iran has
00:10:18.340they i don't know if they expected them to attack their own neighbors i don't know if they expected
00:10:23.980that oh gee that caught them maybe off guard uh did they expect them to use the straight of
00:10:30.380as as leverage well if according to one of the uh top insiders who was on meet the press with
00:10:36.800Kristen Welker this weekend they expected this they said what's the highest gas prices we've
00:10:42.440ever had in America well it was in 2022 when gas went up to five bucks during the time that Russia
00:10:48.620invaded Ukraine so money power respect this was all that comes down to look at the end of the day
00:10:54.860it's this Iran is the bad guy and we could kick the can down the road or we can deal with this
00:11:01.500now and trump and i respect the hell out of him he's dealing with this now because who knows who
00:11:07.040the next administration is going to be who next who knows who the next president's going to be
00:11:11.040and if you don't deal with iran now you're going to be dealing with iran for the next
00:11:15.06010 20 50 years and ultimately this is my biggest fear if i could just land this plane
00:11:20.420do we want a nuclear armed jihadist regime in the middle of the world you know they talk about
00:11:28.880what's a case example here north korea north korea they called you know what they call north
00:11:34.100korea the hermit kingdom because they're all the way on the other side of the world with nukes
00:11:39.060they don't really affect geopolitics to an extreme but we know what that's like dealing
00:11:43.640with north korea could you imagine a north korea with jihadist tendencies funding terror with nukes
00:11:50.420at the end of the day if we don't deal with this now our kids or our grandpa or grandkids
00:11:55.700are going to be dealing with this and the debate is over we're dealing with it now
00:11:59.700it's just now what are the next steps yeah i mean it's it's fair what you're saying and by the way
00:12:05.640this leads to what iran foreign minister came out two things that was mentioned on the foreign
00:12:09.500minister's call one of them was about the nuclear conversation and uh the other one was about the
00:12:14.600fact that any country this is what they said rob if you got the clip any country except for u.s and
00:12:19.200israel can pass through the strait of hormuz iranian foreign minister says uh this is a new
00:12:24.420york post story so iran is this it rob yes go for it well as a matter of fact this strait of
00:12:33.120hormos is open it is only closed to the tankers and ships belong to the to our enemies to those
00:12:42.220who are attacking us and their allies others are free to pass of course many of them prefer not
00:12:49.980because of their, you know, security concerns.
00:17:10.360There was a great interview expose on 60 Minutes over the weekend where they dealt with a major German shipping company and they interviewed this woman.
00:17:20.760I don't know. I think this might be her right here. Looks just like her.
00:17:23.600And she's like, well, why aren't you moving your ships?
00:17:27.380She's like, for fear of my sailors getting killed.
00:17:31.300And he goes, well, what happens if Trump increases the insurance?
00:17:35.180she's like well that's great but you can't put a price on my sailors lives so she basically said
00:17:43.420i mean there's there's tons of graphs of this they show like there's tons of moving in straight
00:17:48.540of hormones tons of moving people coming and going there's this choke point and now it's
00:17:52.060basically at a standstill it's like a parking lot so if you ever been on 995 in a parking lot
00:17:57.620it's not good you know and especially if your driver doesn't want to uh drive so these guys
00:18:03.640have made the decision that they don't want to pass through the Strait of Hormuz for fear of what
00:18:10.200Iran will do. And you know what, Pat? You know what it ultimately comes down to?
00:18:14.140We're talking about America. We're talking about Israel. We're talking about alliances.
00:18:18.660The Middle Eastern Gulf states, they need to step the hell up. What do I mean? We talk about
00:18:24.940having a future looks bright, future looks bright, future looks bright. There's so much
00:18:29.840brightness and there's so much possibility in the middle east you have mbs in in saudi saying what
00:18:37.780he feels and and using a directive in that you have dubai you have the uae doing amazing things
00:18:44.040you have these gulf states that are rich in oil guys at the end of the day this is going to be on
00:18:50.100you you realize that you have a nuisance not a newsome a nuisance of a neighbor and he's basically
00:18:55.900getting cornered and he's basically bombing you so what are you going to do about it you can't
00:19:01.960always rely on the united states or even israel to take care of your mess ultimately this is the
00:19:07.780middle eastern country's mess to clean up what would you like to see him do because you have
00:19:11.840qatar oman and uae and bahrain those are the four that have really suffered sure and yet they've
00:19:19.120they've called out to saudi and saying hey can we have a hand here we don't have your armies we
00:19:24.020don't have your air force we don't have more than than than border navies you know we have basic
00:19:29.720things and they called out the saudi can you get the neighbors to turn it down a bit so when you
00:19:34.900say step up they've been pretty vocal almost breaking ranks a little bit what more do you
00:19:39.360want to see these gulf states so you can talk the talk but are you willing to walk the walk vocal
00:19:43.740you know forgive me that that's not enough so follow the money at the end of the day
00:19:50.840Most countries, which Iran does not want, most countries want peace and prosperity.
00:19:56.480Are you willing to say that Saudi wants peace and prosperity?