Valuetainment - September 01, 2026


“This is Economic Warfare” - If You Choose Iran, We Will Destroy Economy


Episode Stats


Length

26 minutes

Words per minute

198.36

Word count

5,281

Sentence count

292

Harmful content

Misogyny

2

sentences flagged

Toxicity

16

sentences flagged

Hate speech

34

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 It's getting heavier.
00:00:01.440 Like, you know, yesterday, the whole Iran sanctions that it's announced.
00:00:04.660 This is so technical, but this is, like, if you want to find out how bad,
00:00:10.600 has anybody ever suffocated?
00:00:12.600 Like, imagine, let's just say you were once married, and you have a house,
00:00:17.240 and this house later on sells for, like, I don't know, $5 million or something,
00:00:20.360 like $6 million, and that money was yours.
00:00:23.000 You worked your ass off for this, right?
00:00:24.920 And then you have somebody like an ex or a father or a, you know, wife or somebody that's just suffocating all your finances, that you can't do anything.
00:00:37.280 Everything, like when we ran the insurance company, every month we would have some people that would get wages garnished.
00:00:44.260 Why?
00:00:44.800 You didn't pay child support.
00:00:45.600 We would learn everybody who's back on child support payment.
00:00:48.640 That was one of our jobs, that we would get, hey, that man's making all this money.
00:00:52.540 He owns me child support back in this distance.
00:00:54.460 And then we would work with these husbands, and most of the time it was husbands.
00:00:58.280 What U.S. just did to Iran, they are suffocating a country in ways it's never been suffocated before.
00:01:06.140 And that operation they're calling is Operation Economic Outcast, nothing to do with the rappers in the past, with a C.
00:01:14.660 Not a K, this is with a C. It's very important for you to know this.
00:01:17.320 So Rubio said we are moving away from strikes to sanctions.
00:01:22.620 So what does this mean?
00:01:23.760 Let me get to the story.
00:01:24.500 Do we know what page the story's on?
00:01:25.720 There's like a bunch of them on this.
00:01:27.360 So I go one by one by one on these stories.
00:01:29.060 So Rubio tells allies U.S. shifted away from strikes to sanctions on Iran.
00:01:34.320 And how bad is this thing going to be when Besson broke it down?
00:01:38.580 Tom, do you want to kind of go through this?
00:01:40.240 Because this thing gets very, very deep on what direction they're going with this.
00:01:44.640 Tom, I'll come to you first.
00:01:45.920 First of all, they're now just like you start with sanctions on oil.
00:01:50.120 You can't sell oil, and we're going to blockade you, so you can't send your ships to China with the oil.
00:01:54.940 So we start there.
00:01:55.920 Then we said, and we're also going to the other oil products so that you can't send fertilizer to China because, you know, fertilizer is a compound that also comes out of oil products.
00:02:07.220 You can't do that.
00:02:08.280 And now they're basically saying, you know, we're going to go off everything.
00:02:12.580 We're going to go cost a living.
00:02:14.140 We're going to go after all of the things that are on there that the people need.
00:02:18.700 Well, my question is, they may be suffocating a country, but do these particular leaders care if the people suffer, and is that going to get them to move?
00:02:28.880 Well, I mean, the part that, to me, that is very interesting is, I think, Tom, what they're concerned about, yesterday I had Ted Cruz here, we did a three-hour podcast together.
00:02:38.340 He came down, and we're talking about some of these trades, tariffs, how it works, does it work, does it not work.
00:02:43.820 if you're doing this and i believe pakistan and turkey just signed a trade deal with iran
00:02:51.060 and you keep hearing erdogan erdogan erdogan and there's possibility that israel may do something
00:02:56.300 with turkey there's a conflict there that's brewing that people are watching very closely
00:03:00.480 and then you're going to china and saying hey if you choose to do business with iran you're not
00:03:06.840 doing any business with us you don't have to do it it is not a must but they're almost using
00:03:12.740 Pakistan. And remember where the negotiation 0.97
00:03:14.520 was for the memorandum? It was Pakistan.
00:03:17.000 They were leading it. So 1.00
00:03:18.380 this is a very weird direction they're going.
00:03:20.800 They're not just telling everybody,
00:03:22.800 I swear to God, if you're
00:03:24.660 an ally with Iran and you help 1.00
00:03:26.760 them in any way, I'm not
00:03:28.640 your customer. I'm not your customer.
00:03:30.460 And even deeper levels to
00:03:32.020 possibly not even doing business
00:03:34.400 with the U.S. dollar, which is kind of a little bit of a
00:03:36.560 risk Besant's taking. Look, there's nobody
00:03:38.420 that knows this business better than Besant.
00:03:40.700 People forget who Besant used to work
00:03:42.420 for he worked for soros guess what he worked for soros you know for 15 years i didn't know that oh
00:03:48.560 he worked for soros one time nine years you didn't know this i did not know besant worked for soros
00:03:53.520 first time for nine years second time for five or six years who knows more about currency
00:03:58.300 manipulation than soros nobody that's like well i have a question but let me wrap this up and i'll
00:04:04.020 just come to you so to me the fact that this guy was the chief investment officer for soros for
00:04:09.840 five years and prior to that he was with them for nine years from 91 to 2000 so if they're doing
00:04:15.020 this and besan's leading it guess what we know the guy's got a lot of experience in doing this
00:04:21.760 so he's gonna know how to suffocate iran now whether it'll work or not we'll see it's gonna
00:04:26.560 be tough look china iran 90 of iran's crude goes to china china's not not independent now here's 0.61
00:04:33.260 interesting that there's not a shot if we're gonna actually do this to china and starve china 0.53
00:04:39.820 of energy it ain't happening there's there's going to be they're they're going to figure a way around
00:04:45.220 that they need that fertilizer because they can't grow their own food they are dependent on energy
00:04:50.900 they're going to get it somewhere now it's interesting to me that the head of the cia
00:04:54.920 is has gone to russia what's he doing there quietly what's he doing there talking to
00:05:02.140 putin is this something where they're going can you give is this a way of saying you want to sell
00:05:08.720 your oil, Russia, you can sell it to China
00:05:10.720 because we've got to do this thing in the Strait of Hormuz. 0.90
00:05:12.940 We've got to block things. We've got to make it very
00:05:14.640 uncomfortable for Iran. I don't know. 1.00
00:05:17.020 I'm not a foreign policy
00:05:18.740 guy, but it's very interesting. The timing
00:05:20.820 is very interesting to me.
00:05:22.560 These things are thought about. If you're smart
00:05:24.900 about it... Don't you think they've thought about it?
00:05:26.660 Watch the sequencing.
00:05:29.520 First you get Venezuela, 0.95
00:05:31.380 then you go after Iran. 0.97
00:05:33.140 If you go after Iran,
00:05:34.800 you know how much they're relying on oil.
00:05:37.200 You then say,
00:05:38.240 hey, Venezuela's going to broker a deal with you, add a discount, we'll send it to you.
00:05:42.960 China's still going to get their oil.
00:05:44.140 They've thought about this stuff.
00:05:45.080 Let me kind of share with you what the plan looks like. 0.82
00:05:47.440 So the U.S. has mapped Iran's network.
00:05:49.720 Besson says Treasury has mapped nodes, facilitators, and networks Iran uses to sell oil and evade sanctions.
00:05:56.220 So you know what that means.
00:05:57.640 This is kind of like, you know, one of the things Anna Paulina Luna is trying to work on right now,
00:06:01.820 which she's doing a very good job,
00:06:03.020 is she's trying to find out which influencers in America 1.00
00:06:06.460 are getting paid by foreign entities and foreign countries.
00:06:10.100 So a lot of times people can create a shell
00:06:12.640 to get the money to get paid to a shell,
00:06:14.980 and then somehow, some way money comes to you
00:06:16.880 and nobody finds out that it came from Qatar or China or whoever.
00:06:20.260 The government's finding out ways to identify and say,
00:06:22.820 these influencers are getting paid.
00:06:24.340 Just tell the world Russia's paying you.
00:06:25.940 Just tell the world Qatar's paying you,
00:06:27.420 which the same way SNAP is being held accountable for not getting tattoos.
00:06:30.700 Guess what? We want that, right?
00:06:32.320 This is very important.
00:06:33.300 Let me read this to you one more time.
00:06:35.420 Besant says Treasury has mapped the nodes, facilitators, and networks Iran uses to sell oil to what?
00:06:44.420 To evade sanctions.
00:06:47.180 So they're telling you, we know what you're doing to get some of the billionaires in your country that are doing it so it doesn't look like it's you.
00:06:53.980 Kind of like what happened with Huawei many years ago when Huawei's daughter was the CFO who was in Canada doing a deal with Iran.
00:07:00.920 and all of a sudden Trump said on his first term,
00:07:02.700 guess what, Huawei, you can never do business with America,
00:07:05.400 and Huawei left.
00:07:06.080 And this was a $100 billion auto company.
00:07:07.520 I don't know if you remember this or not.
00:07:08.840 This was a massive story eight years ago, nine years ago.
00:07:11.240 Do you remember this story?
00:07:12.140 Totally remember.
00:07:12.480 With the CFO that was the daughter of Huawei came in.
00:07:14.860 And she was in Canada.
00:07:15.940 She was in Canada when this happened.
00:07:17.880 But, Pat, they're not going to be able to do it.
00:07:19.780 You're not going to be able. 0.86
00:07:20.840 The United States is not going to be able to tell Turkey, China. 0.73
00:07:24.080 You're not going to be able to tell these people what to do.
00:07:25.940 They might say, okay, yeah, yeah, we got you.
00:07:28.320 They need their oil.
00:07:29.240 And the oil is flowing.
00:07:29.960 What if you have a different supply that comes to them from a different place?
00:07:32.680 What if you provide them a different place?
00:07:34.440 Well, you've got to figure out a way to build a pipeline in a hurry.
00:07:37.180 But the Strait of Hormuz is still a crucial waterway. 0.85
00:07:41.400 And Iran, the thing that they can do with a tiny drone is all they have to do is hit one ship. 0.84
00:07:47.880 And now here's the problem. 0.78
00:07:49.080 And it happened yesterday, by the way.
00:07:51.240 The ship can't get insurance.
00:07:53.600 No company, shipping company, is going to go, I'm not putting my ship.
00:07:56.360 This is where U.S. government said, we'll come and do the insurance.
00:07:58.900 Forget about Lords of London.
00:07:59.960 try that that's fine but so now we gotta escort every ship and it's you can still cause a problem
00:08:07.640 with one tiny drone and the problem is those those companies then say okay i have to rely on the u.s
00:08:14.900 military for insurance i don't let me just read the sequence and i'm going to come to you guys so
00:08:19.380 watch this trump called each of the country's leader independent individually so he called
00:08:24.140 him and says guys this is what we're doing i need you to back me up number three treasury state u.s
00:08:28.300 military teams then met with their counterparts this isn't simply OFAC publishing sanctions
00:08:33.380 interagency teams are approaching foreign governments and telling them specifically
00:08:37.500 what washington expected closed each country gets its own deadline each of them they have
00:08:42.080 their own set of deadlines on what they need to do iranian bank branches get closed besan
00:08:47.580 give one example specifically every bank melee branch must be shuttered that's a pretty heavy
00:08:52.980 statement this guy's not playing around foreign banks can lose access to dollars so besan
00:08:58.500 explicitly threatened entities facilitating iran money with removal from u.s dollar system this is
00:09:04.720 this is not something that we say commonly secondary sanctions now cover the five additional
00:09:10.200 iranian sectors digital asset technology gold aviation and shipping and then they're targeting
00:09:14.820 the entire oil chain not merely the buyers so the producer the tanker the ship owner the ship
00:09:19.600 manager all of them so treasury immediately hit roughly 60 different targets assets frozen and
00:09:26.320 the 50 rule kicks in so this is not like they're doing tom do you think this is going to work your
00:09:31.700 your percentage is what 10 chance i don't think it's what do you give too much what do you give
00:09:36.520 it what percentage i think it's lip service and i think the i don't know that the sanctions that
00:09:42.020 were in place for as long as they had been before that weren't really restrictive as well the problem
00:09:47.140 is enforcing this stuff. Really hard
00:09:49.240 to enforce it. What do you think is a likelihood this actually
00:09:51.120 works and causes pain? 5%.
00:09:53.180 Okay, fair. Tom, where are you at with this?
00:09:55.300 I'm higher than that. I'll tell you why.
00:09:57.040 You have to go back and take a look at how these things
00:09:59.120 work. What they're talking about, they're talking about
00:10:01.020 intermediaries. That's people that
00:10:03.220 can facilitate wires. They're
00:10:05.120 talking about the clearing houses for the
00:10:07.180 banks. They're also talking about the
00:10:09.200 aviation and shipping companies that
00:10:11.140 are actually shells. And
00:10:13.040 they're talking about the
00:10:14.900 free trade zones because there's free trade zones everywhere.
00:10:17.960 There's one in Montreal.
00:10:19.320 There's free trade zones around the world where it's easy to get in and out
00:10:23.260 because you don't have certain restrictions because, you know,
00:10:25.480 as long as you're not selling this, this, or this, you know, goods,
00:10:29.300 services, as long as they're on the list can go through.
00:10:31.920 Pat, you know, do you remember who was the Mexican drug bank?
00:10:35.740 Who was the drug bank from Mexico?
00:10:37.140 It goes back to, like, 2015, 2012.
00:10:39.040 It was HSBC.
00:10:41.660 HSBC was known as the drug bank.
00:10:44.260 Ciannola cartel was moving a billion dollars through them. 0.95
00:10:47.600 It was ridiculous.
00:10:49.200 And they got sanctioned heavily when the U.S. found it. 0.92
00:10:53.600 Well, guess what?
00:10:54.220 As fast as they were moving on HSBC, regional banks and everything picked up the slack.
00:10:58.580 So if they get in here and they can step on the air hose, and the reason they want to close that bank is they want to close the wire and the transfer capability.
00:11:08.360 That's what they're going after.
00:11:09.620 If you can track all the wire and transfer and you can say, hey, Citibank, you just moved the billion.
00:11:15.720 No, we didn't.
00:11:16.840 Everyone has to be shut down because you're in there.
00:11:18.900 So the question is, is this going to happen?
00:11:20.700 This was huge, what they did with HSBC.
00:11:23.440 And I think what they're talking about, when I read this and I see clearinghouses, transfer facilitators, that's all of the free trade shows.
00:11:31.540 That has to do with the money moving around.
00:11:33.540 If he's able to step on that, Pat, I give a greater than 50 percent chance of succeeding.
00:11:39.040 Politically, I'm with Callan politically at 5%, if you were just talking.
00:11:45.560 But if they get in there and they step on the transports, then the money can't move.
00:11:51.080 Well, we've got to finish this war with Canada first. 0.68
00:11:54.140 I agree.
00:11:54.760 Trump is so funny.
00:11:56.240 Trump is like, I'm renaming that lake of America.
00:11:59.780 And we're going to go through that.
00:12:00.500 But I want to stay here because this, to me, if this works, by the way, again, I want to reemphasize this.
00:12:08.440 Besson's the right guy. 0.99
00:12:10.320 Trump's the right guy because he's got the balls. 0.87
00:12:12.400 And Rubio's the right guy because, you know, he knows how to maneuver and talk to everybody. 0.61
00:12:16.520 So they got the right, you know, personalities going there.
00:12:20.040 If they pulled this off, because I'll read the story to you, and Adam, I'm going to come to you.
00:12:24.060 This is from AP.
00:12:25.340 Ready?
00:12:25.720 This is from AP.
00:12:26.920 Iran scrambles to sustain trade as U.S. threatens sanctions on countries that refuse to break ties.
00:12:33.400 AP?
00:12:33.900 AP's a liberal leftist government.
00:12:35.720 It's not like it's going to be pro-Trump.
00:12:38.360 Iran's economy, already battered by inflation sanctions and a war that slashed oil revenue,
00:12:44.200 faces more instability as Washington coerces countries into ending financial dealings with Tehran.
00:12:49.960 The UAE's decision last week to suspend trade kick-started the isolation push.
00:12:54.220 Those who stand with the United States will reap the rewards of the partnerships, said Besant.
00:12:58.380 Those who tethered themselves to the Iranian regime should expect to share in the isolation. 0.72
00:13:03.520 So, again, they're pushing everybody out. 0.54
00:13:05.600 Success hinges on China, the main buyer of Iranian oil, which you said earlier.
00:13:10.020 I don't see China playing ball by any means, said Chatham House fellow David Lubin.
00:13:17.180 Iran exchanged $125 billion in goods in 2024, but the UAE, China, and Turkey supplied nearly three-quarters of their imports.
00:13:25.600 The UAE can be replaced, but the Iranians are openly saying it's not going to happen overnight.
00:13:31.480 Adam.
00:13:32.580 Yeah, I mean, to me it comes down to one question.
00:13:34.680 Like, how much do you care about your own citizens?
00:13:37.660 Because what we can say about America and Trump, Trump cares about his citizens, but he's basically saying, listen, you might have to pay a little bit more at the pump.
00:13:45.900 That's the worst situation.
00:13:47.660 You're going to go from comfortable to a little bit of discomfort. 1.00
00:13:51.120 The Iranian regime, you think they care about their own citizens? 0.77
00:13:54.720 You think they care that their citizens are struggling to eat? 0.99
00:13:58.020 They'll kill 50,000 of them in a weekend if they're even talking back.
00:14:03.040 So to me, this is why I'm conning with Callan. 0.98
00:14:05.020 I'm like, I don't see these guys conceding
00:14:08.100 because these sanctions are supposed to breed concessions.
00:14:12.280 All right, bro, we're going to do this to you.
00:14:14.040 And when we do this, we need you to do this.
00:14:16.720 And here's the reason why.
00:14:18.920 Unless it hits the people in power,
00:14:21.580 it's not going to create a change.
00:14:23.900 Okay, so for instance, all right,
00:14:25.340 in America, the gas prices are a little bit more.
00:14:28.120 Unless it starts affecting the people in power,
00:14:30.620 they're like, all right, so you used to pay $3.50,
00:14:32.320 you're paying four bucks now too bad but in iran i mean the anguish the misery the misery index
00:14:38.180 that we talk about the inflation the unemployment yeah but they're just like we don't care so what's
00:14:42.320 your point though my point is they don't care about their citizens so you're so we're asking
00:14:46.780 them to make concessions then you and things they don't care then you and cal and are on the same
00:14:51.360 page you are you less than five percent this works well i think a little bit differently i think after
00:14:56.480 midterms trump's not going to care that much about gas prices and he's going to light them up
00:15:01.240 So they got about 60 to 90 days to get this thing done
00:15:05.280 before Trump militarily goes back in.
00:15:07.660 That's my opinion.
00:15:08.320 No, he's not going to light him up.
00:15:09.300 First of all...
00:15:10.000 Why wouldn't he light him up? 0.97
00:15:10.820 Because Iran knows a couple of things. 0.95
00:15:13.820 One is that the Americans do not have an appetite
00:15:15.720 to actually go into Iran. 0.99
00:15:17.220 That'd be the dumbest thing in the world. 0.99
00:15:18.720 Either does Trump. 0.99
00:15:19.800 He's not going to do that.
00:15:21.100 Number two, they can shut the Strait of Hormuz down
00:15:23.740 very easily with a little mischief for a couple grand.
00:15:27.300 Those two things are huge.
00:15:29.000 I don't know if you saw the news, not to cut you off.
00:15:30.400 they just removed all the mines in the street of her move that's fine but now they have a
00:15:34.540 bargaining chip now they can just cut what i'm saying is saying the u.s removed a couple cards
00:15:38.440 yeah they got a couple cards but at the end of the day look iran has that oil the world needs
00:15:44.020 that oil the world needs that sulfur yeah and as long as the world needs that at least there's
00:15:49.720 alternative rounds sure i'll talk and they're making alternative in 10 years in 10 years i
00:15:53.520 don't know if it's going to take that long i mean we're seeing what's going on with the red sea
00:15:55.880 either way either way i'm telling you right now if china needs that oil they're going to get that
00:15:59.980 oil. Oh, I don't think China's going to make those
00:16:01.920 things. I think you're talking about sanctions. Well, let me play this
00:16:03.880 clip of what Besson said threatening China and
00:16:05.940 Iran. Go for it. 1.00
00:16:08.620 ...institutions that facilitate
00:16:10.160 transactions for Iran.
00:16:14.020 Chinese banks have often
00:16:16.000 been talked about
00:16:17.900 being targeted, but we don't see any
00:16:19.940 of those institutions
00:16:21.900 targeted here. Is that
00:16:23.980 something that is coming
00:16:25.660 in this campaign, or is
00:16:27.860 the very delicate
00:16:29.740 trade truce with China, something that could prohibit you from, you know, going that far
00:16:35.600 and taking that very big step.
00:16:37.440 We want to make clear here today that no one is above the reach of U.S. sanctions, 0.89
00:16:45.140 that if they facilitate transactions and are part of the ecosystem that turns Iranian oil
00:16:52.060 into money, into repression, they will be targeted.
00:16:57.780 Okay, so that's that part
00:17:00.880 On what he's saying
00:17:01.480 I want you to watch a second one
00:17:03.960 Go forward
00:17:04.460 And let me be clear
00:17:06.440 Any entity that facilitates money laundering 0.62
00:17:09.900 On behalf of Iran
00:17:11.440 Will be removed 1.00
00:17:13.820 From the U.S. dollar system
00:17:15.780 The clock just started ticking
00:17:18.300 So you think this is a nothing burger
00:17:20.660 I think it's lip service
00:17:21.560 You can't do that
00:17:22.880 Good luck 1.00
00:17:23.540 You think you can sanction China
00:17:27.300 That symbiotic relationship, our symbiotic relationship with China, 0.95
00:17:31.740 well, let's do that to the economy on top of all this other stuff. 0.98
00:17:35.560 Enjoy that in the midterms, guys.
00:17:37.820 It's not like China would release the virus.
00:17:39.740 By the way, how much of the oil China gets do you think they get from Iran?
00:17:43.740 I don't know the—I'm asking him.
00:17:46.500 I looked it up. Was it 20%, 30%?
00:17:48.920 I know that Iran's 90% of their crude goes to China. 0.68
00:17:53.600 You're right, for sure.
00:17:53.920 But I don't know what the exact—
00:17:55.420 So those are two different concerns, right?
00:17:56.900 So China only gets 8% of their oil from Iran.
00:18:01.500 So 8% is replaceable.
00:18:03.480 If it was a bigger number, different story.
00:18:06.780 How about the sulfur?
00:18:08.100 How about fertilizer and stuff? 1.00
00:18:09.620 Because they have to grow their own food.
00:18:12.040 And then they're shipping the raw materials to create rocket fuel, you know, for those rockets back.
00:18:17.880 Look, I really look back at the HSBC case.
00:18:21.080 They were monitored for five years, Pat, five years.
00:18:23.780 At the end of the five years, nobody was indicted because they said, too big to jail.
00:18:29.760 Right?
00:18:30.240 Too big to fail.
00:18:31.160 Like we did that.
00:18:32.220 No, no, no, no.
00:18:33.080 That's what they said.
00:18:33.720 They said, too big to jail.
00:18:34.800 And they didn't want to destabilize the world banking system.
00:18:37.580 They're stepping over this now because until Besson nails a large bank and takes them offline, the market, the stock markets are going to price this as a tax, Pat.
00:18:48.440 Do you understand?
00:18:49.260 Because they're going to say, oh, that bank will get fined.
00:18:51.880 That bank will get fined.
00:18:52.800 they'll get fined so that they see that as a tax or a cost in the system but this is different
00:18:57.800 language and this is why i say it's 50 chance it's going to work this is much different language
00:19:02.880 no u.s representative secretary of state secretary of commerce secretary treasury president vice
00:19:09.360 president has ever gone to the microphone with this sort of specificity and said i'm going to
00:19:14.320 take you off the dollar system means i'm shutting down wires i'm shutting down access if they truly
00:19:19.520 close and they're aiming at the iranian bank pat if they truly take them offline then there's
00:19:26.020 something but until then it's going to be treated as a tax by the financial markets and you go back
00:19:31.820 to hsbc by the way it was it was over seven billion by the way hsbc was the number one mover
00:19:37.720 of money in and out of mexico and they caught the cartels that the teller windows had these square
00:19:44.120 openings where you could slide boxes through, and the Cianola cartel's boxes where they
00:19:49.460 would pack their money were the exact dimensions of the teller windows at HSBC.
00:19:54.020 The question is, has this tactic ever worked in the past before?
00:19:59.360 That's the question.
00:20:00.120 So let me read this to you.
00:20:01.360 In 2012, U.S. essentially told foreign banks and oil buyers substantially reduce Iranian
00:20:07.400 oil purchases dealings with sanctioned Iranian banks or risk losing access to the U.S. financial
00:20:12.100 system.
00:20:12.520 We've done this before.
00:20:13.800 Treasury contacted more than 120 financial institutions and regulators across 60 countries.
00:20:19.140 Treasury says the overwhelming majority changed their practices rather than risk U.S. financial access.
00:20:24.560 The result were dramatic.
00:20:26.580 Iranian crude oil exports fell from 2.5 million barrels a day to 1.5 million barrels a day.
00:20:32.740 That's a 40 percent decline.
00:20:34.660 By 2014, it fell to 1.1 million barrels a day, 60 percent.
00:20:39.660 Iran's oil revenue took a huge hit.
00:20:41.740 Treasury later estimated that sanctions cost Iran more than $160 billion in oil revenue in 2012.
00:20:48.300 And here's the part that's relevant to your question.
00:20:50.780 You ready?
00:20:51.680 China participated.
00:20:53.060 Wow.
00:20:53.720 That's the biggest factor.
00:20:55.300 So does that change your mind a little bit that this has partly worked in the past before?
00:20:59.200 My instinct always goes to when I hear Besant start talking about punitive measures, I go to gun control.
00:21:06.760 I just go, man, every time you try to say, I'm going to bring the hammer down, people find a way around these things.
00:21:14.100 And when a country does that, when we start talking geopolitically and we start rattling swords, I always I'm cynical now because I go, how much is lip service?
00:21:23.160 How much of this is political? How much of this is Trump?
00:21:26.120 And the administration is desperate because they what they realize that they are in a war.
00:21:30.380 They're we're stuck in Iran. And I don't I wouldn't know how to get out of it.
00:21:33.980 This is a problem.
00:21:34.960 By the way, I don't think you're alone.
00:21:35.940 I think millions of people think the way you do.
00:21:39.380 So there is a community of people.
00:21:40.840 I'm skeptical.
00:21:41.560 Skeptical.
00:21:42.060 Very skeptical.
00:21:42.520 Did you have anything you wanted to say?
00:21:43.440 Well, just to add.
00:21:44.560 50-50, my 50 is with you.
00:21:46.440 Adam said it, and I think Tom mentioned, too, this boots up.
00:21:49.440 The only way, Brian, and this is not what we want, 0.99
00:21:52.120 the only way to win in Iran is literally boots up and then blow them all up. 1.00
00:21:56.900 There's no way. 1.00
00:21:57.780 This was the biggest mistake.
00:21:59.560 We are where we are.
00:22:00.340 This isn't going anywhere.
00:22:01.600 This is going to affect the midterms. 0.96
00:22:03.060 Is going to affect the freaking presidency 0.78
00:22:04.680 Remember it was going to be two weeks 0.91
00:22:07.380 And we were going to be done
00:22:08.080 And look where we are
00:22:09.640 Because they were six days away from a nuclear weapon
00:22:13.320 We've been hearing that for 30 years
00:22:15.860 I don't believe none of that
00:22:17.200 I hear you, I think there's two different lanes here
00:22:19.420 There's militarily
00:22:20.380 And then there's economically
00:22:21.820 And then the overarching is strategically
00:22:23.900 But like you said, if they don't care about the people
00:22:25.760 They'll starve and they don't give a damn about the people 0.99
00:22:27.600 So the only way to do it is to kill everybody 1.00
00:22:30.300 That's the only way 0.99
00:22:31.320 good luck yeah well that's what i'm saying i don't want it but but look listen what pat just
00:22:35.820 said was very important and he just gave a case example of when it worked so let me just frame
00:22:41.220 this in 10 seconds pat wrote a book it was called choose your enemies wisely the opposite of that
00:22:47.940 is what iran is going to be forced to do and the people that are around iran it's going to it's
00:22:51.420 going to be choose your allies wisely america is basically saying oh you want to be friends with
00:22:57.320 iran or us there's no in between now whether that works we've done that before though that's what
00:23:02.920 they're saying yeah we've been doing that for 40 years but but now they're going to do it
00:23:06.220 economically and strategically so you can do financial sanctions we did it then too you can
00:23:09.980 do trade sanctions and they're basically saying the longest 10 seconds i've heard pick well
00:23:14.300 brian callen interrupted me so i get it it restarts every time he interrupts sorry but we're going to
00:23:19.040 see what these countries choose as far as we'll see what happens remember earlier this year we
00:23:23.820 made some adjustments on our merch and we had certain things that because of the shoes and all
00:23:28.780 this other stuff that was going on let me tell you what the big announcement is we decided we want to
00:23:33.740 take this concept of future looks bright flb to the next level what do i mean by this well you know
00:23:39.720 i said instead of vtmerch.com why don't we and one of our executives wives to be exact rj's wife said
00:23:47.140 why don't you guys go buy the domain flb.com i'm like that's a million dollar domain that's three
00:23:52.060 letters well why don't we go buy it well guess what we did we officially bought flb.com we have
00:23:58.420 an entire new collection called the icon collection is out and i'm introducing it to you now i want
00:24:03.160 you to watch the manifesto of what future looks bright really stands for and the amount of thinking
00:24:09.100 we put into this the last 12 months just to launch it to you and the reason why we're sharing this
00:24:13.480 with you today you're going to get more stuff that's coming out a lot of you guys that are
00:24:17.400 going to the vault you will see all this stuff right there uh new shoes new loafers a lot of
00:24:22.080 different things there's going to be another thing that's coming out here soon as well but with that
00:24:25.400 being said i just want you to watch this manifesto of what flb future looks bright stands for go
00:24:30.740 forward there is a moment when you realize no one is coming to change your life for you
00:24:35.740 no one is going to hand you clear vision no one is going to hand you perseverance to not give up
00:24:42.480 no one is going to hand you a better future that realization can feel heavy
00:24:48.400 or it can feel powerful future looks bright was born in that moment not as a promise not as blind
00:24:57.340 optimism but as a decision a decision to take ownership to raise your standards to strengthen
00:25:04.480 your body to sharpen your mind to move forward even when progress feels slow
00:25:10.120 optimism is not something you say it is something you live and this is where most people fall off
00:25:17.460 because in the end it's simple you either take ownership or you don't you either hold the
00:25:24.540 standard or you lower it you either build or you wait your standards stop wavering your actions
00:25:32.280 stop depending on motivation your results stop being random they become earned the future looks
00:25:39.900 bright that's so sick i love that logo i love the logo listen we went through hundreds of logos
00:25:48.100 and if you notice you see the f go back to you see the f you see the l and you see the b flb.com
00:25:54.500 we're so excited about this project uh so if you go to flb.com right now go to the icon collection
00:26:00.260 go to the top where you see icon collection right there you have a bunch of new items to go through
00:26:05.120 The hats, if you go through it, there's five different colors with the new FLB logo.
00:26:09.080 The shirt quality, ridiculous.
00:26:11.520 Even the basic tees for you to wear and the pants that we have that you can wear regular,
00:26:16.140 casually, or to work on a daily basis.
00:26:18.500 We're so excited about this, and we've got a lot of other things that's going to be coming out.
00:26:21.320 So if you want to participate in this, please go to FLB.com.
00:26:24.160 Place your order for yourself, your husband, your sons, and we're excited about this next
00:26:28.780 venture that we're going on with FLB.
00:26:31.340 All right.
00:26:31.960 If you enjoyed this video, you want to watch more videos like this, click here.
00:26:34.600 And if you want to watch the entire podcast, click here.