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[Music] [Music] Hello, welcome to the program "Khon Khor Khao" (People Ask News). It is Thursday night, June 25th, Buddhist Era 2569. Of course, every Thursday, we have an appointment to discuss international news with Professor Sudathip Jarujinda-Inthorn. Hello. >> Hello. >> Ah, back with me, Unaree Ek-Usanee, today.
Oh wow, of course, after successfully getting through the week that the whole world was watching, Professor, it kept going back and forth whether the deal would be finalized. >> He wanted to sign it so badly on his birthday, but in the end, he signed it, but it actually happened on Wednesday after his birthday, [clears throat] cutting ahead of Friday. So, he signed it before what's-his-name, Mr. JD Vance, flew out. At first, it was canceled for Friday until 1919. As I just mentioned, today, the 25th, is the day he kicked off Mr. Trump's 250th-anniversary event.
Which was very chaotic because, ah, it overlapped. Ten years ago, the parliament had already established it and had a budget, I don't remember how much, 150 million or something. Mr. Trump set up a new committee. >> That one was called what, "America 250"? >> But this one has to be "Freedom 250," and it's linked to where they held that wrestling match at the White House. So, in conclusion, Mr. Trump had to do his own thing. And this time, it turns out that singers and performers aren't really coming tonight for the launch, right? He said, uh, it's already come out that he will say, "America is back." He's been saying this for a long time because before, it was a mess, America before he came in. He covered up all the stories about him losing the war, he says everything like this. So, it turns out there will be shops like a market. >> A market, oh. >> That is, all 50 states, 50, including the fair. >> The fair there, at the National Mall. Each state will bring unique items, and territories too, and people can buy things. Now, there has to be music and everything. This event overlaps because ten years ago, there was already an event. Yes, this new one is doing its own thing. The big bands aren't coming, the singers aren't coming. He said, "It's okay, I'll speak myself."
>> He will hold it firm, and, uh, at the same time, it means that in the end, he started with that wrestling match in front of the White House. So, it's called the lowest point for the White House in 250 years. And if many singers don't come, they are against him. >> Mm-hmm, this is the atmosphere happening right now, July 25th-10th, it's the 4th, right? There will be a point, you know? It's like entering the festival season of celebration. >> 250, which he will start from his birthday, uh, which was before June 14th. And each state will have its own specific things in the state too. >> And there will be what they call block parties, like street parties in England. There will be many feasts like this for 250 years, but it has become a political issue to the point where many people, uh, withdrew. The old groups all broke up, the ones the parliament set up.
>> And it is considered smooth sailing after being able to talk with Iran. >> Leading to the, uh, signing of a 60-day ceasefire. And they are currently dealing with each issue one by one. Uh, during these 60 days, they opened it, opened the Strait of Hormuz, and America also Oman, but they haven't withdrawn troops yet. They are still maintaining control. At least, oil is coming out, which is good news. Oil prices plummeted, right? He also said it was like a rock falling from the sky. Oil prices are now back to the level of the 27th. >> Before the war. >> February, one day before. That is, Brent was around 70, 7, about to drop below 70, but West Texas Intermediate has already dropped. This is the price before, but don't forget that ships are coming out now. Everyone might be like, "Oh, that's good!" Everyone is happy it's coming out, but it's not going in. >> Because it's not certain what will happen in 60 days. If they go in, they might get stuck again. Those that are leaving, are leaving, but those that need to go in to retrieve things, no. >> Uh, they are still waiting to see the situation.
>> And those places that Iran bombed, there are many. The UAE needs to recover, right? It takes time. And besides that, each place that has released oil reserves, like China, they have the most oil reserves, saying 1,000 million barrels. [inhales] >> So, in conclusion, many countries have released it, right? The G7 said to release it all. Japan, South Korea, and all those, they will have to quickly suck it in to refill what has been depleted. Then it will go up again. Now it's a reaction during this period, gradually coming out, and after 60 days, they will have to refill oil reserves again, so it will go up again. >> Mm-hmm, so there's still a period where they have to. >> Yes. >> Test their resolve, it might bounce back up again, but now, at that time. >> Definitely not.
>> Definitely. Now, people are, uh, wondering about the negotiations where each issue that comes out doesn't align. >> Oh, the statements are completely different. Mr. Trump always rushes to make statements first. >> At the White House, oh wow, he gave a big statement for an hour, saying, "Our nuclear program, uh, must not develop at all." Obama's developed 3.67, 67, not developed at all for peace, no need. He spoke in paragraphs and compared it to the JCPOA all the time, and he cursed Obama, saying, "This is not like ours, ours is excellent." In reality, within 60 days, they said there would be no issue of, uh, not a missile issue, but a nuclear issue, an atomic issue, that it would not leave Iran and they would discuss details within 60 days. But Mr. Trump rushed to announce something else entirely, that he would not develop it. But the Supreme Leader already said that the 460 kg would not leave Iran. So, these are still different.
>> Ah, and missiles, right? >> Yes, they say, uh, missiles are one issue that Mr. Trump wants to have. >> It's not nuclear, it's missiles, hypersonic, whatever. >> Uh, Mr. Trump announced that he agreed they would not develop them. The JCPOA itself didn't mention missiles, which he tore up. He said, "Oh, it's the stupidest thing, oh, what a mess." >> He wanted to include missiles. >> Yes, he said that since he came in, it was 1.0, which is impossible. Each country has the right, we also have the right to develop, every country, right? Their own sovereignty. >> Uh, there's no treaty, uh, about nuclear, about missiles, none. >> Now, if you miniaturize, uh, nuclear warheads to put on missiles, that's another matter. But it's about nuclear. >> How can you ban missiles? You just announced it because he has to say his is different from the JCPOA. He has to say his is better than Obama's, whatever. Many analysts, especially psychiatrists, say he has a huge inferiority complex about losing to Obama because Obama built himself up, and this guy inherited everything from his father. And he bullies everyone, even going so far as to bully, right? So, in conclusion, at this moment, he says his has missiles, and Iran agrees not to develop missiles. Now there's what, hypersonic, it's faster than a missile, right? This announcement, the president has no, no. >> Not included in the MOU. >> Not a single word. >> Mm, in that, there will be Lebanon.
>> And there's a saying that if there are no missiles, the country will be even worse off, it will definitely lose. >> Yes, that's why, uh, what do you call them, big political scientists, like Mearsheimer, some people say that perhaps Iran might even have to develop nuclear weapons, because, for example, Gaddafi, he died by that water pipe, that road, that, uh, what do they call it, water pipe. >> And look at North Korea. >> A nuclear nation, uh, something like that. People are afraid, everyone is careful.
>> Uh, yes, so now many things are being denied, so the two sides don't agree on many issues. And there's still a very hardline stance. For example, the words of the negotiator himself, the head of the negotiating team, uh, Bagheri Kani, the Speaker of Parliament, said directly that the US MOU is a guarantee of defeat. Uh, these 14 points are exactly the same as from the time of the Islamic card, remember? When the 14 points were laid down, Trump called JD Vance back, saying he didn't want it, he was completely dissatisfied. But now it's like that. There's only one difference, which is the word "war reparations," which they cleverly, uh, what do you call it, circumvented. Oh, I just thought of the word. Mr. Trump then became. >> Uh, the Iran Reconstruction Fund. It's not reparations, it's not war reparations. The value is high, 300,000 million million US dollars. And he also said at the White House that day, after signing, for an hour, he cursed Obama, saying his was superior to the JCPOA. And he said Obama repeated it constantly since the 1.0 campaign, and 2.0. He said Obama, uh, bought the JCPOA agreement because you paid 1,700 million, which he mentioned in the last program, but he said it again, so we have to repeat it again.
>> Mm-hmm. >> He said that, uh, you flew the money over to give to them, uh, which in reality, the origin was 400 million, and it accumulated interest for 47 years, becoming 1,700 million. But it was Iran's money. They ordered weapons from America at the end of the Shah's era. >> And when it changed to Khomeini, America didn't send weapons and froze the money. Their money, understand? Uh, yes. >> Obama signed in 2015, but he returned the money in 2016. Oh. >> Signed in mid-2015, entered the UN Security Council, the 5 permanent members, and Germany, called the 5+1. >> Approved it. Oh, the UN Security Council accepted it, it was tied to the United Nations, right? And he came and tore it up, and he said his was better. Anyway, he said, "Look, Obama, you had to transport money, and now what? 300,000 million."
>> Mm-hmm. >> The reconstruction fund. And then both Trump and JD Vance came out lying, saying, "We won't pay a single cent." Uh, but this is the money that needs to be raised to invest in Iran, which will be in the way he once said, he would take oil from Iran, right? Maybe get concessions like that, which Iran opened up and said, "Good, let's stop the war. I'm ready to give concessions to extract some oil." There's plenty of gas and everything, right? But it has to be a proper matter. So, this 300,000, uh, Mr. Trump said it's not money we will pay ourselves. It will be private companies and other countries, anyone can invest. That means countries in the Gulf, uh, Kuwait, Bahrain, whatever, right? They will invest in Iran. Anyone can go, Australia, but America, uh, will also have to invest, and.
>> This is the latest, I saw yesterday, he asked for more money again. >> Mm. >> 8, how much? 8,000 million plus. >> 87,000 million plus, almost 88,000, which. >> Is to compensate for the war, right? Didn't he say he wouldn't pay a single cent? See, he lies all the time, but his followers believe him. Because he was on a show recently and said, "I don't lie, but I repeat things." He calls it "alternative truth," another truth. He repeats it hundreds of times. So, he said he wouldn't pay a single cent. And what is this 300,000 million? Uh, it means he has to tell American companies to invest, right? Or, uh, this is the budget request from yesterday. >> Mm, so that's the origin. Let's skip to discuss this a bit. That's why he called the CEOs of all the arms companies to talk to them to speed up. >> Round 2. >> Round 2. >> The first round was in April. >> He said, "Hey, uh, why are you producing weapons so slowly? You signed a contract with the Department of Defense, why aren't you delivering on time?" Ah, it was too slow, right? That's why now he has to agree to everything. Many people also see it the same way. Mearsheimer and others say there are no weapons left. Otherwise, he would threaten to bomb again. There are none left, now it's few, they have to save them too. Why did so many weapons disappear? The war, uh, in Ukraine, how many years has it been? 3 years. >> Biden sent a lot, meaning he sent a lot of help, and more. >> Yes, so in conclusion, it's depleted. In April, the Wall Street Journal also reported it and invited both Lockheed Martin and what, Northrop Grumman, and RTX, and Boeing, and all those. >> Which said, "Uh, you have to produce quickly." Yesterday, he invited them again. Their stocks fell. They said, uh, they would pay dividends because their stocks have been rising throughout the war. Stocks rose. >> And they would buy back shares. Mr. Trump said, "No, this money must be poured into production." So, yesterday he invited them to talk and said, "We still have to produce for NATO, there's still a backlog. And we are going to increase the defense budget, right?" So, America is ready, including the car companies, that's round 2. Uh, that's the same. Uh, Wall Street also reported, "Hey, aren't your car sales not doing so well?" Right? Uh, expensive. Uh, there's spare capacity. >> Since then, and this time, he emphasized again that on Monday, they'll come again for another round.
>> And many people. >> It's not a war, it's not a sign of going back to bombing again, right? >> There's a chance. He's accumulating weapons, but he says it's to sell to NATO. You can't be sure with Trump. It's just that there's a midterm election, and the polls show that 70% of average Americans, many of whom will vote, those independents, they don't like war, 70%. So. >> Even if he returns, because he returned for 12 days last June for the war, and this time on the 28th, because he fell for the charm of Bibi and the Mad Scientist, right? But if he returns again, it might happen because he's still threatening, but now he's stopped threatening for a bit after that 41st round. He threatened 41 times and changed his mind 41 times. CNN counted it, many people counted it. So, we're still not sure. He's rushing production, and he told the car companies that now, uh, you have spare capacity because people aren't buying cars, oil is expensive. >> Yes, so they turned to producing this, ready to provide support, because before, there was a rule that whoever produces ammunition to send to Northrop Grumman or Lockheed, there were standards, not just any company could produce it. >> He will adjust these standards to produce ammunition and parts to send to arms manufacturing companies. >> Because those companies have contracts with the Department of Defense, this is another layer, see? He called these people in, see? So, in conclusion, another thing is that during the midterm, he has swing states, 3, uh, states. Pennsylvania, he just went there recently, and Michigan, the source of car production, Michigan. And it swings a lot, and the numbers of, uh, what do you call them, people who will vote, it's a lot. >> Yes. >> That's why he's trying to get oil prices down, because otherwise, the car company workers will be in trouble, and people won't buy cars, oil is expensive, and all that. And Pennsylvania is another swing base. Everything he's doing, he wants these 3 states to be his to ensure he doesn't lose too much, otherwise he'll be held accountable. >> After the midterm elections.
>> Mm-hmm, so this is why this week, there's a lot of activity at the White House. It can be interpreted as both restocking. >> And perhaps preparing for the future, we don't know him, Professor, the weapons are very depleted. >> Uh, a lot has been used up. >> Ammunition, what is it? Patriot is a defense system. >> When someone fires, it will fly, right? >> This one is used a lot. >> Uh, and tanks, and Tomahawks are the ones that fly out to attack. These 3 main types, car companies have to produce them now. >> Uh, that means there's a severe shortage. >> Uh, even at this level, the defense budget for next year, 2027, is 1.55 trillion. This year, 1 trillion. See? It's used for expenses in Iran, 1 billion a day, so 120 days is 120 billion. Someone has calculated it. >> Uh, now another issue people are interested in is the process of managing the transfer of ships stuck inside. >> People too, and ships too. >> Uh, the UN also helped with the ships. Wait, the ships are slowly coming out, but not going in. >> Only going out. >> Yes, this will be a problem of who will transport oil again. Everyone's insurance costs are still high. It's not certain what will happen after 60 days. They'll get out first. >> Yes, right now, it's open for 60 days only. Get out, get out first. That's why it's cheap now, it's coming out. >> But then another lot will go in, and no one is going in. >> There are over ten thousand people stuck, oh wow, it's bad. Food, public health systems on the ships, bathrooms, everything is chaotic. >> The UN has to come. The UN says they have to manage it. They have to, the ships are slowly coming out anyway, they have to be slow because there are mines everywhere. >> Oh, oh. >> Uh, so, and within these 60 days, they said it's open, the Strait of Hormuz is open, Iran agrees, but they will be the guide, saying, "Hey, watch out for mines, we haven't cleared them all." >> And NATO didn't come to help, right? Mr. Trump was very angry at first that they didn't send ships, and then he said to come clear the mines, but they didn't come. >> Yes. >> So, in conclusion, they have to help ten thousand people who haven't been home for many months, 4-5 months now. It's bad, some people even died on the ships. Food and supplies had to be dropped by helicopter. So, the UN has to come help.
>> Oh, Professor, would you say that to clear everything, it will take more than 60 days? >> Around, uh, more or around that. It's slowly coming out, it's mines. >> Slowly coming out. Those that want to go in still can't. There's an attempt by His Excellency Oman to announce the opening of a temporary route, perhaps to sail smoothly in? >> Yes, because it's on Oman's side, this side. >> After 60 days, within these 60 days, they will have to negotiate what happens after this, because Iran said it's open for free, and America also agreed. Uh, Oman's ships are staying outside, what do you call them, aircraft carriers are still there. How much does that cost? Oh wow. >> One ship, I don't know how much, full of people. >> Anyway, after 60 days, within these 60 days, they have to negotiate what happens after this. >> Iran has announced, "There will be a surcharge, we will collect fees, Professor." >> Service fees, uh, regarding watching out for mines or sharing with Oman. >> Yes, uh, which Trump immediately announced there would be no permanent opening, because don't forget, uh, before February 28th, February 28th, it was open. And Mr. Trump caused it to close, losing 13 soldiers and many injured. The cost of a billion a day, you caused all of that yourself. You fell into the trap of the Mad Scientist and Bibi. So, he has to come out and say it won't close again. But they say it won't be the same again. From now on, there will be security maintenance fees, service charges, not tolls, not transit fees, right? To avoid international law? >> But they have their 12 nautical miles, it's in their territorial waters, and they say they will talk to countries in the Gulf, Iran. >> So, they'll agree, they'll help each other take care of it, because, uh, is it reasonable? Before, he used to collect 1 dollar per barrel of oil. >> That large crude carrier, how much is it? Uh, 2 million, so 2 million dollars per passage. Maybe not that much, they will agree with the users. >> Yes, oh wow, so that's an expense.
>> Yes, so many people, uh, there's another professor in Chicago who talks about Mearsheimer because he became very famous, but now there's someone named Robert Pape, P.A.P.E., very famous. Uh, he supports Mearsheimer, he says that after this war, Iran will be richer and stronger. >> Wow. >> Yes, rich, collecting all the money. They got 300 million and were smart to invite others too. >> Yes, it must be the customers who will use it, right? They must be willing to pay. >> And the 24,000 is money that was frozen since Khomeini came to power. Iran's bonds were in the West, seized completely, like seizing Russia's 300,000. But that was 47 years ago, right? 24,000 now has increased to hundreds of billions plus interest, right?
>> Yes, so he will, uh, divide it into 2 lumps. 12,000 will gradually be released, included in these 14 points. >> And will it return both principal and interest? >> Yes, of course. Now, he's very, uh, clever, Mr. Trump, in his style, "Art of the Deal." So, he went and said that the money they get, first of all, the money they will give Iran to extract oil, they have to extract oil and sell it in dollars. >> Uh, tied to the dollar. >> Because before, China bought it in yuan, uh, India, whatever. But now, Iran announced, "No, no, it's not mandatory like that. I will sell it in whatever currency I want." Right? They contradict each other, they don't align. And the 24,000 is divided into 2 parts, 12,000 each, and the other 12,000 will be discussed later. The 12,000 must include interest. He said that what will be released are the bonds they seized 47 years ago. You have to use it to buy American agricultural products, his voter base, in the middle, the Midwest. >> Corn, whatever, which China doesn't buy, right? >> Mm-hmm. >> Because you announced Liberation Day, and then it went up to 149, uh, what was it, percent, right? China said, "Hey, we won't buy agricultural products since Trump 1." At that time, they bought half, he wanted to sell how much, 400,000 tons or something, China bought half, and the other half wasn't mentioned. This second time, they're fighting big, trade war, right? So, he's going to bundle this for Iran, saying, "You have to eat, you have to use it. You're at war, you have nothing to eat. This is the money, I'll return the bonds to you, and you come buy American goods." Iran immediately announced, "It's not related." >> Uh. >> None at all. They might buy from Thailand too. Why buy American wheat or corn or whatever, soybeans? >> Uh-huh, oh, okay. >> And construction equipment. >> They're going in very different directions. >> Yes, but Mr. Trump rushed to announce it first, that's his method. He rushes first, and people who hear it the first time say, "Wow, that base is good! Trump is good! Uh, he finds money for America, the money will be returned to buy our goods." >> The other side announced, "No, none." >> None, uh, yes, but, but it is considered.
>> It's historical that finally, it started with unlocking 60. Yes, the atmosphere is good, and Iran is richer. Oh, they got money. Yes, uh, yes. Selling oil. Before, they boycotted, no one was allowed to buy oil from Iran for 47 years, since Carter, because they seized the American embassy, right? And then Obama said he would ease sanctions in exchange for them not developing nuclear weapons. He got that agreement. >> Oh, but [inhales] of course. >> Uh, this is it. At that time, uh, Obama said he would ease sanctions, allowing 500,000 barrels of oil to be released at a time, then 1 million, uh, uh, 1.5 million, whatever, 2 million, right? Mr. Trump tore it all up. Now he's letting it out for free. >> Now it's eased for one day, and after 60 days, it's free. >> And after 60 days, it depends on whether the negotiations will conclude. >> But Iran holds all the cards. >> Mm-hmm, yes, there's progress to a certain extent, but the conflict between them is still very high.
>> And in Lebanon, it's still nowhere. This is the 5th meeting between the Lebanese government. >> And Israel, where what's-his-name, uh, Bin, and, uh, what's-his-name, in the cabinet, is the Minister of Defense, and another person is the Minister of Security, and the Minister of Finance, they came out cursing, saying, "It has nothing to do with us. What America signed with Iran, we still occupy southern Lebanon. Our troops will not retreat." There's a yellow line there. >> Uh, meaning occupying land. >> Yes, because it's dangerous for Israel. It's similar to how they use a similar principle, which is pre-emptive defense. Everyone likes to bring this out, ever since, uh, Bush Jr. attacked Iraq first, pre-emptive. Everyone uses this, saying, "I'm defending myself," including Putin, who says he has to seize Ukraine because otherwise, they will shoot inside, right? So, Trump also threatened, "Hey, you shot into Lebanon, it's all civilians, entire apartments. And you, you're not in jail because of me." He reminded them, right? Mr. JD Vance came out and said that the weapons Israel fired into Lebanon, fired into Gaza, 203, came from America. He threatened not to send weapons, which caused those reactions from Bibi's ministers, who said, "We are not under America, we are not America's lackeys." The doctor said. >> Uh. >> But, in reality, America controls them because the voter base, whatever election, uh, but then will it go too far? Will they clash?
>> It's also possible that. >> Will Bibi dare to clash, Professor? He already spoke like this, but at the same time, America might find someone new to replace Bibi. There's former Prime Minister Naftali Bennett, or another journalist. Speaking of America being under Israel or Israel being under America, there's now a primary election in New York, which is a state with many Jews, Wall Street is there, financiers, IT people, all of them. It turns out that this Soran Madani, he's of Iranian descent, and he announced his support to be mayor. He announced support for new candidates who disagree with Israel. >> Oh. >> Even though the person who agrees with Israel is a Democrat, but the new person won. He competed with 3-4 people. And now, uh, so it's changed the face. In Gaza, it's been many years, and you can clearly see [clears throat] that many Jews don't agree with Bibi. When it comes to Iran and Israel, it affects them even more. >> Yes, uh, so Mr. Trump might find someone new to come in. He threatened directly, saying, "These weapons, you use all of ours." Uh.
>> Okay, now let's move on. Uh, today, people are looking forward to the Congress, the Senate. It turns out they supported Mr. Trump. >> Oh, this is not supporting, not supporting, not supporting. It's like this: we talked last week that they voted. First, it started with the Senate, and because the House is Republican, there was a way for Democrats to say this war shouldn't happen, and you didn't ask for authorization from Congress. So, what they did was. >> It's the 10th time they've tried, right? Democrats, [clears throat] meaning Republicans crossed the aisle in the Senate first. When it won, with Senator Moran and Lisa from, uh, what's-her-name, Alaska, and Susan Collins from Maine, they won one round. Ah, now that win wasn't enough, it needed the House. The House just won, meaning Republicans crossed the aisle, saying the war was unjust. But just the other day, it turned out that, uh, they brought it to the Senate, which had won in the House, to make it unified. >> It turns out it won again, so it's clear, "You must withdraw troops, stop the war now because you didn't get authorization." Which is contrary to Trump. >> Now, at the same time, Mr. Trump came out mocking, "Hey, but I signed the MOU already!" Uh. >> He cut it short, signed the MOU to make it worthless, the one that said to stop the war, because it had already stopped implicitly. >> Uh, it's like claiming that the Senate stopped the resolution according to him. >> But it will have an effect for next time if he tries to invade again. >> Oh, yes, Professor, like this. >> Uh, but last time, it was that you were wrong, you didn't inform Congress. This vote just won for the 10th time. >> Uh, meaning Mr. Trump just twisted it. >> That he himself stopped it. >> Yes, he mocked it, saying it was worthless, and then he called those Republicans who raised their hands "traitors." >> Mm, in practice, this means Mr. Trump is locked in, that. >> If he wants to invade again next time, he has to ask Congress. >> Yes, because it passed Congress.
>> Oh, right, Professor, okay, so now Congress is clear, limiting the president's power, but the president was quick to react. >> Uh, he said, "I stopped it already, the MOU, you're too late." And he called them all traitors. >> Now there's a problem with energy prices. >> Mr. Trump came out to criticize energy companies. >> Oh, it's not going down at the pump, it's still, uh, over 3 dollars, almost. Because he announced, "Hey, you can buy it for not less than 2 dollars." But when Mr. Joe Biden was in office, it was really tough because of Ukraine. So, in conclusion, now he's lashing out. He told the Department of Justice to investigate why pump prices are still so high, because these guys bought it and stockpiled it at the pumps. Uh, it's not like Thailand. Here, the refineries, they own the pumps too. Some pumps don't get supplies because they're not from the same group. Uh, it's like this here. Uh, yes, some pumps are dry, no oil delivered because they're different groups.
>> Now, why might people wonder why Mr. Trump is so distressed? >> Mr. Trump is distressed because car drivers are unhappy, right? Oil prices went up, it hasn't come down. It's only slightly below 4 dollars, and it used to go up to 5 dollars during the Ukraine era. Uh, Mr. Biden was confused and came out saying, "Oh, oil was cheap before the 28th." Before the 28th, it was still there. He said, "I could buy it for, uh, less than 2 dollars." And Triple-A, the car insurance company, surveyed and said there were about 3 pumps. >> That were below 2 dollars, but now it's almost 4, so goods are expensive. He lost votes because people said prices were high because oil wasn't coming down at the pump. >> He's distressed because he stopped the war to quickly bring oil prices down. >> Yes, but it still hasn't come down. >> And what's the real reason why America's prices are still slow to drop? >> Well, this is it, he said those pumps are hoarding, they're not lowering prices because they're afraid people won't fill up, so they're averaging it out. Now, when global market prices plummet, they gradually raise them, just like Thailand. When it drops very quickly, when it rises, it's gradual, saying they're averaging out what they lost when they didn't raise prices then, to make up. Mm.
>> But ours is another story, right? >> Because we have 7 refineries, right? 6, 7. >> Ours is wrong at the structural level. >> Meaning even if oil is cheap, there's no way it will. >> We go to Singapore and there's still a "phantom refining fee." >> "Phantom evaporation fee" during transit, travel insurance fees, whatever, here. >> All phantom, right? Different structures there. But at the pump, they hoard, and it slowly moves up, uh, it slowly moves down. >> Like managing inventory, right? >> Yes, last time he said it moved up, uh, they accepted profit. Now they want some profit. >> Mm, not fast enough for Mr. Trump. >> Different reasons than Thailand. >> Ours is, the refineries are making huge profits, no one checks if they bought oil at 50 dollars a barrel and then it shot up to 120, it went up immediately after those 2 weeks. >> Mm, Mr. Trump then put money into the oil fund to prop up the refineries to become hundreds of billions rich. It's different, it's different, they don't have an oil fund. >> Different types, but Mr. Trump recently ordered the Department of Justice to investigate, Professor, saying it's extortion.
>> Yes, because he wants votes. So, if oil prices don't come down, people will still complain now. >> Still complaining, polls are still falling. >> Okay, now let's move on a bit more. >> The UN, Professor, recently revealed that in the ongoing war in Gaza, Israel, oh wow, there's an attempt to kill children, targeting children, over 30%. There's evidence they filmed, they target them directly. And those, what do they call them, their control methods, uh, they come from Microsoft, Apple, and all those. >> That is, AI. >> Yes, all those. >> To be able to target them directly, it can track individuals. >> Which, in the past, during the Kosovo war, it was just starting, that was during Clinton's era. And they could pinpoint whether to target the left or right window of the Chinese embassy. It targets, disguises itself. It can know exactly where to track, in which building, whatever, yes, yes. So, children are targets. >> The number of child deaths is very high now. The UN is looking into it, why are they children? >> Uh. >> To prevent any future generations, genocide. >> Wow. >> That is, children. >> And it's all gone, meaning children, right? But the other side says they're creating it. If any child survives, it gets even worse. "Oh, look, your parents died," something like that. So, it becomes a representative of the new generation, uh, who are suffering, but they want to wipe out all the children. >> Mothers who are, uh, pregnant too.
>> Yes, very cruel, very cruel. Let's look at America for a moment. Uh, is there a library opening during this period, Professor? >> Oh, a library for former presidents. Normally, they would have books or memoirs written by presidents, right? After leaving office, how they managed secrets during their administration, it would all come out. Some First Ladies also write things like that. But at the same time, Mr. Obama changed his. He said it's okay, he'll turn it into a center for people to, uh, relax, to see things. Everything in it will be digital, there are no physical books, and all those documents, memos, during Kennedy's time, there were so many that we saw. >> So, the opening ceremony was held, and former presidents were invited. It was a huge event. And he chose America's Emancipation Day, June 19th. >> June, uh, they call it Juneteenth, meaning Texas was the last state to declare the abolition of slavery because back then, travel was difficult to reach Texas. That was the last state, June 19th. Obama chose this day for the opening because he's Black. >> All former presidents were invited, except. >> Trump. >> Right? Which is strange because, what? Former presidents include Bush, who is Republican, and the rest are Democrats. >> Different parties came. >> Yes, there was Clinton, right? Joe Biden also came with his wife. Oh wow, it was packed. Singers like Bruce Springsteen, and wait, uh, what's-his-name, the blind person, uh, I can't remember his name, he's Black. Anyway, they came, and these people refused to go to your 250th-anniversary event. >> Yes, and oh wow, Michelle Obama also spoke, uh, about her husband. Her husband wouldn't look at her, she said, "Look at me." He was embarrassed, his face wasn't, not very thick-skinned, right? It wasn't appropriate for him to talk about himself in good ways. She said, "Oh wow, this husband." >> Sacrificed everything. He's like that, he doesn't praise himself or anything. He started with nothing and built a law firm in Chicago, found love here, and all that. And he did many things, like, uh, Obamacare, which he's proud of, because he doesn't want money or anything, meaning he was subtly criticizing Trump. And he specifically mentioned the Nobel Prize, and people applauded loudly. Everyone knew he was hinting. >> Uh. >> Mr. Trump wanted it so badly. >> When it came to Obama, Obama said, "We must not lose hope," meaning there's a lot of despair now with Trump. And we must, uh, try, meaning we must keep pushing forward with hope, whatever. He spoke to encourage people, which we would never hear from Trump. He bullies everyone and creates division. >> It was a very grand ceremony. Uh, many people came to Chicago at that spot. >> Uh, what did they call it, Professor? >> Presidential Center, Obama Presidential. Meaning the Obama Presidential Center. He said there are no books in it, everything is digital. And you come to relax, to meet as a community, whatever, to unite people, to create harmony, something like that. Uh, it's a new concept. Mm-hmm, Professor, choosing Emancipation Day.
>> Emancipation Day has meaning too, Professor. Uh. >> Last week, there was news, we just mentioned his name, Professor Alan Greenspan, right? Greenspan, he's 100 years old. Uh, but his legend is very extensive, right? Because, uh, the new person, Kevin Warsh, will follow his style, which is to speak, uh, what is it, vaguely, not indicating a direction. Otherwise, people will see even more clearly whether interest rates will go up or down, and it will become a big deal, right? >> You have to decipher what Greenspan said. [laughs] [gasps] But sometimes he would see, "Oh, stocks are rising too much." Before 2000, he said, "Irrational exuberance." He liked archaic, grand language. It's like trying to shock people, meaning, "This market is crazy, why is it rising so fast like this, never going down, always rising?" People will remember this phrase of his, but he handled the economy well, meaning he slowly raised or slowly lowered rates, unlike Mr. Powell, who got lost after COVID. >> He said it was a one-off, uh, it was just oil prices rising at that time. He kept lowering interest rates, oh wow, inflation soared, so he had to, oh wow, raise interest rates a lot, which was almost too late. But Greenspan never had such an incident. And he served for how long? 19, 20 years, right? How many presidents? Both Democrats and Republicans. And it means that when he was in office, he wouldn't vote to remain neutral during elections. >> And so, his legend is even greater. At that time, people listened to him more than the president on matters of money, budget, and so on, because if the budget was too large, he would raise interest rates to curb it, so people wouldn't spend too much money.
>> Mm-hmm, so that chapter has closed, oh wow, 100 years, Professor. And let's move to England a bit, otherwise we won't have time to talk. There's been another political change, a change of leader, Professor. >> And it's also the 10th anniversary of Brexit. It, it coincides. Why is the person who will be the 7th changing so frequently? He said frequently. >> Changing leaders more frequently than Italy. Italy used to be, oh wow, a mess after World War II, they kept changing, not even a year, out, change, change. Uh, sometimes socialist, sometimes right-wing, uh, or even Thailand. Now we will be longer than them, because this is the 7th person within 10 years. >> Which came from Brexit, because Mr. David Cameron, he lost the referendum and had to resign because he actually didn't want to leave the European Union. >> Now it turns out, uh, the next Conservative was a woman, right? What was her name, uh, Theresa May, right? She couldn't sign Brexit for another 4 years. It started in 2000, 2000, 2006. >> 2016. Now it's 2026, so 10 years, right? >> That's right, Brexit was signed in 2020, uh, 4 years after the referendum, and she still couldn't succeed. So, Boris Johnson had to come in, and it was all a mess, no certainty at all. At that time, the vote was 52 to 48. Later, because of Brexit, what happened? Goods from Europe, food, everything became expensive because they were no longer part of the same group, not in the EU. >> Yes, and goods from England going in are still strictly inspected, piles of documents, oh wow, and many medicines, whatever, it can't cross. And people, goods, and people coming to work, so the British economy didn't grow, and uncertainty. And then they met Mr. Truss, who. >> Didn't think about interest, hey, didn't think about taxes at all. Oh wow, chaos, bonds, oh, what a mess. She couldn't last even 50, not even 50 days, 49 days, she had to leave. And then came Sunak, and finally people couldn't stand it anymore. The Conservatives had been in power for 14 years in total. They were in power before Brexit too. So, they had to ask to change to Labour, even though Mr. uh, what's-his-name, Sir Keir, he's not particularly brilliant, but people were fed up, so they gave him a landslide victory. He was in power for almost 2 years, right? In the end, he made a big mistake regarding that man.
>> Oh, mm-hmm. >> Causing a loss of trust, that you appointed someone involved with FC as ambassador to Washington. That damages Britain's credibility, even though he had achievements, he got a deal with Trump, remember? >> But anyway, the economy didn't grow. He promised when he came in. >> Britain must grow because it hasn't grown at all for 10 years of Brexit. >> It must grow more than European countries, but it didn't, even though Europe was hit by the Nord Stream explosion, there was war in Ukraine, whatever. But all of this, besides Brexit, they also faced Ukraine and COVID before. These are all big issues. So, it didn't grow. >> So, Mr. Keir Starmer was surprised because he swept up the most MPs in Labour's history. Why didn't he last even 2 years? Because he didn't make the economy grow, and he was still going to raise taxes on private schools, everything became expensive, raised taxes on what, oh, so many things. Now it turns out that because the economy didn't grow, people didn't have jobs, right? So, they had to change to a new person. This man is a knight of Manchester, but they call him the King of the North. >> Uh. >> Like that movie, uh, Game of Thrones. In the end, it means he created a transportation system with a single ticket, changing from train to bus, very good. >> That is, his achievements. >> He used to be a minister during Tony Blair's time, but everyone saw, uh, he seemed capable, so they kicked him out to be the mayor of Manchester. He wouldn't join the party. >> Now, when Keir Starmer, oh dear, in the election last month, they lost over a thousand seats to Nigel Farage and Reform UK, so they had to find a new person because if this leadership election failed, Labour would surely collapse. So, they dug out the Knight from Manchester, the King of the North. >> There's no place for him because no MP in Labour resigned. >> Oh wow. >> To let this man run in that constituency, which is a constituency that, uh, also wants Brexit, meaning it's opposite to Labour. Labour didn't want Brexit 10 years ago. So, he won because he had a lot of achievements in, uh, Manchester. So, he will come in. Now many people are saying, "Hey, wait a minute." Before this happened, uh, when Labour lost over a thousand seats, the Minister of Health resigned from Keir Starmer to pressure the government. The Minister of Defense also resigned. >> It still wasn't enough, so one MP had to resign to let Mr. Andy Burnham, in English, we don't usually pronounce the 'h' in 'hour', we say 'our', right? Honesty, not hesty. Burnham, uh, there's no 'h' in Graham, it's just Graham because the 'h' is silent, right? Anyway, so. >> And the Minister of Health who resigned said he would run to force Keir Starmer out. Announce. So, Andy became unopposed. It's ugly when there's no opponent, like a coronation. When there's no opponent, sometimes there's no presentation of plans or anything. So now, there will be someone as a ceremonial candidate who will agree to run to at least not make it a, what do you call it, a coronation. No opponent, but this person seems good because he has achievements, and the whole party supports him completely. >> Uh, this is about the new Prime Minister. >> Yes, only 56 years old.
>> Oh, really? Andy Burnham. Mm-hmm. Next, let's conclude with this topic, Professor. >> Heat? >> Heat. Mr. Trump, people warned him, saying that during Mr. Trump's era, global warming will increase by another 10. >> It has to be pointed at Trump. Why doesn't Europe manage it? Because he withdrew from the, uh, Paris Accord. Everything that was Obama's had to go. At that time, it was to curb China, see? He withdrew and also didn't believe in global warming. Uh. >> "Drill, baby, drill." Dig it up, dig for oil, right? And he got rid of all EVs, what Joe Biden did, saying to subsidize people to buy electric cars. China has changed its structure, half of the cars sold now are EVs. Uh, so sometimes they will buy less oil, but they have stockpiled it. So, global warming is because of you.
>> So, Professor, now many people in France have died, and it's a heatwave of a kind that they can't endure anymore, Professor. >> It's 40 degrees. >> Oh, even in our country, when it's 40, we're almost dying. Their cities are not prepared for heat, they are prepared for, uh, to deal with heat with air conditioning, right, Professor? >> They're prepared for heat because they're cold countries, right? Oh wow, now those who are very hot jump into the water and die. >> They say it's, uh, heatstroke, heatstroke. >> In the water, 40 people. >> Oh wow, it's not just Paris, Spain, Portugal, Germany, Italy. Their houses. >> Are built for cold climates. And it's all brick. >> So, Thais probably won't travel there now because you can't go out, the sun is too hot. >> But we, even though we're used to the heat, 40 degrees is also unbearable for us. So, what will we do about global warming if Mr. Trump has to stay in power?
>> This is it, policies that harm, harm the world. >> And last time, 1.0, it also made the world hotter, and now it's 2.0. And now no one talks about this anymore. >> Uh, the goal of reducing global warming. >> Not at all. He doesn't want to support EVs. He wants Tesla or something like that. Oh, no, not Tesla, it still doesn't use oil, right? But he wants to dig out carbon before there's no future in the future. >> Oh wow, oil. >> It's very sad, it's the clearest impact. Thank you. >> Thank you, Trump. Alright, today, oh wow, time's up. We'll have to meet next week. Goodbye for today. [Music]