“There's Been SOME Collateral Damage” - Iran Foreign Minister DEFENDS Civilian Casualties In Strikes
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Summary
On this episode of the Stock Market Movers podcast, we have a special guest on the show today, Tom Bilyeu from Wealthsimple. Tom and I talk about the latest in the Iran deal between the US, China, and Iran, as well as what it means for the future of Bitcoin, gold, and other precious metals.
Transcript
00:00:02.380
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00:00:35.100
So whatever you think is going to happen in the future, you can invest in it at Wealthsimple.
00:00:43.100
And Trump talked about, Rob, you know, no plans of, you know, a feud on the ground, but troops on the ground.
00:00:49.140
But he did say this is a, do you have that clip?
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That it was just yesterday, him talking about that's not the plans of what they're going to be doing.
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But to me, with China, if it drags out, your number one priority is your state, your country.
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You're getting 90, 80% of your oil from Iran, from the Strait of Hormuz.
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And then you're getting 50-something percent of it from Venezuela.
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Either during this time, I'm trying to wonder, like, do you think, you know, when you're doing a negotiation and there's stuff that's going on and you're doing this one deal,
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and then you use this to negotiate this complete other deal with them?
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Like, do you think, what do you think is a likelihood Trump's team is right now talking to China about negotiating whatever they want?
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So what I'm saying is, look, we don't want to hurt you.
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We understand you need the oil, and we understand you can't get it from Venezuela and from Strait of Hormuz.
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We can sell it to you if you want, but here's what we need in return from you.
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We will gladly sell you the oil, but if you get involved with Iran, it's going to be a massive problem.
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Do you think if you were to say the likelihood of a call like this, 0 to 100, what do you put?
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I'm making a call, and I'm saying, look, guys, very basic rule.
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If this crisis is so loud that you use this two weeks, four weeks, six weeks, however long it's going to last, get all the massive negotiations done.
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So in an ideal situation, let's paint a picture if this could possibly happen.
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You go to regime change, that's what Carter did, okay, with Iran.
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Going from Reza Shepalavi to Khomeini is not a regime change.
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In 53, Mossadegh, when that happened in the mid-50s, that's a regime change.
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Iran had a phenomenal relationship with Israel for 26 years, just so you know that.
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What they're working on right now is the collapse.
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But if you're in it, and you're about to collapse, and you call Zelensky, hey, you guys want to get this thing scored away or what?
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Hey, Putin, we hate the fact that this is going on.
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If all of a sudden, imagine we wake up in six weeks, and within six weeks, eight weeks, deals have been done with China.
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I mean, you have to – and by the way, the Gulf states have sided with U.S.
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Iran has attacked all of these Gulf states, and they're asking a question and saying, did you see the foreign minister interview, Rob?
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If you can find this, what's the word they use?
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Casualties in war, there's a phrase they use that Israel also used with Palestine.
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They said – so he said, why are you attacking some of your allies?
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Why are you attacking some of these Gulf states?
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Well, listen, if Israel did that with Palestine, why can't we?
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So if all of a sudden you flipped – I'll find a clip and send it to you.
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It's from the same interview as yesterday, Rob.
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Whatever interview he did yesterday, he said that in that interview.
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But I'm just saying to you, if in this type of pressure you're negotiating these other deals,
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I would put my teams on to work and say, guys, double time.
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I think you summed it up perfectly regarding China.
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Iran has struck more Arab countries in one week than Israel has done in its entire existence
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Iran has sent out more missiles, weapons, planes, drones, and attacked more Arab countries
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in one week than in the history of Israel fighting wars in the Middle East.
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Can I give you the list of countries that they've been allegedly attacked?
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The UAE has received 800 projectiles since Iran.
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Qatar, whose middle of the road is now basically siding with the U.S.
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They attacked residential buildings in Bahrain's capital.
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Oman, Saudi, U.S. bases in Saudi, Israeli officials believe Saudi may also take military action
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Jordan, Lebanon, they're fighting Hezbollah over there.
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Cyprus, they attacked, that's a European country.
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Now there's rumors of Azerbaijan and possibly Turkey received a missile that was sent, I
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don't know where, not to mention the U.K., France, and Germany.
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Iran is in its last legs, and they're just attacking everybody.
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And meanwhile, everyone's looking back at me like, this is who these people are.
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So Iran has now bombed more Arab countries than Israel.
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So Israel was in first place, now they're in second place.
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This is where he's asked about attacking allies in the Middle East.
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In Israel, and so many targets belongs to the Americans.
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Their assets, their bases, their installations in the region.
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And they have not been able to prevent those attacks.
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If I can ask you, can Iran win this war, and what does winning look like for Iran?
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There's a part in it where he's asking casualties.
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I don't know if you're able to search the words.
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You know how you typically do it on the right and you find it?
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There's no transcript for this one, so it's not populated.
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I want you to hear it from him because they've done a horrible job making friends.
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They've done a horrible job making friends because they're attacking their allies.
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They're attacking some of the guys that they're neutral with.
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Okay, he's going to ask, why are you attacking your neighbors?
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Minister, explain to us and to the world, really.
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Iran has chosen to attack at least 10 other countries, many of them your Arab neighbors.
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Why are you attacking your Muslim neighbors during the holy month of Ramadan?
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We have attacked Americans' targets and Americans' installations, which are unfortunately located
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I have been in touch with their foreign ministers, and I have explained that we are not targeting
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We are only targeting the American installations and American bases.
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But, Minister, Iran is hitting civilian targets, striking hotels, high-rise apartments, airports
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Let me tell you why this answer is such a bad answer.
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Maybe there have been some collateral damages, as it is in every war.
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You know, look, more than 70,000 people were killed in Gaza by Israelis, and the Israeli army
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So, yes, there is the possibility of, you know, collateral damages in this situation as
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Guys, so counter the argument of Israel uses the phrase collateral damage of what happened
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Does that answer tell you that they're doing such, you know, accurate, surgical, precise
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attacks to areas that innocent people in these 10 countries that are Gulf states won't be affected
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Or do you think those leaders of those countries listen to that and say, wait, you're that reckless?
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We're not waking up here every morning saying Israel's the greatest country in the world.
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The Gulf states are not sitting there saying, hey, you know, it's awesome.
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You guys, you don't have no skeletons in your closet.
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So it's like, imagine, Vinny, me, you, and Adam have an issue, and you do something,
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and he said, well, what about when Adam did this?
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I care about what you did to me and the way you handled that.
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What's the chances those 10, you know, countries paid attention to every word of this interview?
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And how do you think they handled this answer here?
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Say what you say about, you know, what do you call it?
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They understand, hey, listen, yes, we have to negotiate everything in Israel's favor,
00:12:17.660
Man, you can call it whatever you want to call it strategic.
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You can call it, you can even call it a little bit like on the gray area of, you know, not necessarily a positive word.
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You can call it a negative word that's only selfish interest for them.
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Like, you have to realize when you're talking to NBC, the world is watching and you kind of say, well, listen, that's collateral damage.
00:13:01.940
Collateral damage works when you have a hot conflict in Kiev.
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And residences on the outside are tragically impacted.
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Collateral damage is adjacent to the point of hot conflict.
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Collateral damage is not when you're trying to make a point and destroy an interest.
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And what Iran was trying to do, Pat, is lob missiles over at U.S. bases to make a point for America.
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Collateral damage would be Iran coming across the border and impacting, you know, rural civilians and those things.
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Collateral damage is not, oh, I wanted to make a point.
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My missile's guidance system was so terrible, and I hit the frickin' hotel.
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The only way I see this, that you can speak like that, is you know something the rest of the world doesn't know.
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Like, meaning, China's about to send something to you to protect you.
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Someone made a call to say they have your back.
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And the likelihood of that happening to me, it's less than 5%.
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Honestly, it's maybe even less than 1%, but let's just say it's less than 5%.
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You have to use this interview in a way to reassure those guys that you are not the enemy.
00:14:41.240
You know, he said in the continuation of the conversation, he says,
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we made those calls before attacking, and we told them, here's what we're going to be doing.
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We're hitting U.S. military bases, or we're hitting U.S. military properties.
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But at the same time, they effectively hit other places.
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In one of the countries he was very afraid of was Turkey.
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You could tell the way he gave the respect to Turkey was different than the other countries.
00:15:12.060
U.S., Israel, and our allies are the good guys.
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There's nobody coming to their defense with the exception of their proxies like Hezbollah and the Houthis,
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If we've ever even thought about having a debate who the number one leader of the world is,
00:15:34.380
it's Trump, and there's not even a close second.
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But the silver lining here is now, with Iran being essentially decimated,
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and they will be, in a matter of weeks, maybe months,
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there will be a new era in the Middle East where countries will sign these accords and get along,
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and the thorn in everybody's side for the last 47 years will be removed.
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That's my opinion of what will happen in the Middle East.
00:16:01.640
How many Middle Eastern countries at this point, heads of state, are criticizing Israel?
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All eyes are on Iran right now, and Iran is being exposed.
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The last thing Iran regime needs right now is their name in the news.
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Remember when they said they were going to kill people, and they said,
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the way to save these people's lives is talk about Iran.
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They want to murder and maim their own people when nobody's looking.
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Well, now everybody's looking at Iran right now, and they have no choice.
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But everyone knows what they're doing at this point.
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Qatar, Cyprus, Israel, Iraq, Jordan, Turkey, U.S. assets, Saudi Arabia, UAE, Kuwait, Syria, Bahrain, Oman, Azerbaijan.
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You're in a fight, and you can't make any allies, any allies, and they're siding.
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I said, what was the chances that you would have thought two weeks ago, a month ago, three months ago,
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something's going to happen with Iran, Israel's going to attack,
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and all the, you know, states, what do you call it, the states, Gulf states are going to side with U.S. and Israel.
00:17:35.980
What do you think is a chance of that happening?
00:17:44.640
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