📱

Get Our Mobile App

Take your business learning on the go!

Download on the App StoreGet it on Google Play

Trump's WAR Economy: Why London Is SCARED

Rich Does Politics 32:54

Transcription

President Trump recently published five memos to get the a war economy going in the United States. That's what we're going to talk about in this video. Hey Mike.

Mike Ste from >> Sounds scary. >> It is scary. War is coming. >> I know >> question is war on who? War on what? >> War on who? War Yeah, war on. There's a charity called War on Want in the UK which I suspect are probably very dodgy because that's what it turns out with lots of charities because you and I we we're not going to talk about it now but we did a we did another conversation about which touched upon SPLC. >> Yeah. >> And Act Blue how they were just front for laundering money into the Democratic party.

>> But back to this. So Trump has published these five memos. >> Yeah. which are all about getting things going for a war economy. >> Well, that's what you might think and that's how the media might cover it. There's even talk, the media is covering it because the administration reached out to uh big industrial manufacturers, General Electric, Ford, General Motors, and they're talking to them about, as the media reports it, the administration is talking to them about beefing up weapons production, which I'm sure is is true in some cases who we just want to rebuild up our our arsenal of production. But what they're not talking about is that what Trump is really doing and this is why these big private domestic producers like the auto and general electric um he has used the defense production act and the memos are based on the defense production act and the idea of the defense production act when it was written in 1950 was to legalize and authorize the president when necessary to mobilize the kind of industrial mobilization that we had during World War II.

>> Okay. >> So that it kind of made it said look that was really necessary. This was in regards to the Korean War when it was passed in 1950. But the idea was to say that when we have a when we're facing an emergency and we have to get something done, the president should have the ability to commandeer production capacity, production power towards the area we need to address on an emergency level. So if it's an emergency for war in Europe, you need bombers, you need tanks, you need ships, you need shipping, you need logistics, you need jeeps, you need artillery. If it's a war on the complete destruction of the US economy because of 50 years of stupidity and that our energy grid is collapsing, our energy production is far insufficient. We probably need to build, we have about a 100 nuclear power plants in the United States, a little less. We probably need to build another 700.

>> Wow. >> To get to get productive capacity going in this country like that. I see people don't understand the scale because we just have de-industrialized. But if you're going to re-industrialize on a broad scale with the steel, the production, the industry, the AI, the data centers, the semiconductors, if you're going to power the industrial capacity to rebuild our cities, build infrastructure, water systems, transit systems, you need an abundant supply of energy, um, you need and you need waste heat. You need, you know, heat applications from nuclear power are some of the most important for industrial purposes. So, the point I'm saying is that Trump's five memos are not authorizing the Secretary of War, Pete Hegsth, to build more artillery or tanks or B2 bombers. He's authorizing the Secretary of Energy, Chris Wright, to rebuild our energy sector, coal, oil, natural gas, refineries, natural gas stations, huge pipelines from northern Alaska to southern Alaskan ports to ship it to Asia. He's talking about building major uh uh nuclear power plants. He's got a defense production board consortium specifically on nuclear that's meeting. Yes, that met yesterday. That's industry, the national labs, the government, the utilities. How do we get nuclear online and get this thing going? Because you're not going to do it by a trickle, right? You don't get things done by one one. It's like it's the old Zenos paradox, right? One little step plus one little step plus one little step will never get you there. So Trump has been putting into motion a leap. And what people don't realize is that last summer in the one big beautiful bill, the real beauty of that bill was that they allocated upwards of $450 billion to loan financing capacity in both the Pentagon and in the secretary in the department of energy for these kinds of projects. So Chris right now has control to basically go to industry, go to the private sector with the authority as in time of war to commandeer their production capacity, basically to do it nicely, but he has the actual threat to do it more aggressively to say we are going to put power plants online and you're going to help build them. We're going to rebuild our grid, our transformers, our substations, and you're going to open up empty floor space. You're going to bring in machines. You're going to bring on labor and we're gonna pay you to begin to produce the things we need in this country. We're not going to depend on Korea, China, or Japan for 80 85% of the transformers we need to run a major industrial country.

So, um, this is this is kind of it's kind of huge and it really is it just it's a complete because he got rid of the endangerment finding the whole Obama carbon dioxide is a is a pollutant. Lee Zeldon got rid of that like two months ago. I think Trump is killing the the entire environmental climate movement in Iran right now because everybody just realized the whole world is disgusting. Well, we can't get our oil and our petroleum. Well, I thought we didn't need that. I thought that stuff was bad. Oh, we need it for food production. We need it for airplanes. We need it for shipping. We need it for cars. We need it for transit. We need all these. We need we need this fossil fuels. So Trump is basically killing the climate accord on the rocks of the Persian Gulf of the rocks of the straits of Hormuz. And he's basic and he did it in the United States when he got rid of the endangerment finding. I mean that was that's basically the legal foundation for destroying the United States uh that Obama launched. I mean imagine >> CO2 is is a pollutant, >> right? Imagine calling CO2 like a toxin in the air. We all know Barack Obama was a photosynthesis denier. >> Yeah. Exactly. Exactly. He hated trees. So, um, poor chlorophyll. Really? You know, talk about >> It was It was like It was like, uh, it was like Jim Crow for chlorophyll. >> That's right. We don't want chlorophyll is going to destroy the planet. >> Use your own water fountain. >> That's right.

>> So, um, but I think Trump is actually exposing the entire climate lie in in Iran right now. No one no one had a backup plan. And then he's launching what is a complete mobilization on a war type scale of US energy and industrial sector. Okay. But that's going to be really really good for American workers. It's going to create jobs. It's going to direct investment. America economy is going to grow and expand. >> Yeah. America is going to become more powerful than ever. So people that really wanted to see America crash, that's not it's not happening. >> City of London's not going to be happy about this at all. >> Yeah. Then you've got you've got King Charles who's going to be coming with hat in hand next week begging for a little bit of help. Okay. No, I I recorded a video with Tom Luongo and Steven and we we which should be posted now, right, as we're recording this. But that that's interesting. Why do you think King Charles is coming? What's the political minations going on there?

>> Yeah, I mean maybe I think King Charles is feeling the heat. If there's any intelligence left in the British people, then there's got to be a move. >> The British people are plenty intelligent. It's >> Well, okay. Then if they are, they'd be right now >> they'd be right now um compelling King Prince William to overthrow his his uh his kind of degenerate father and hold him accountable for the killing of his mother and claim the rightful heir to the to the British crown and redirect the the kingdom towards a massive energy and industrial mobilization. >> Okay, that's what >> because because you don't have any I mean because what's his name? Farage may may be able to kind of support that, but you don't have anybody in Great Britain that's going to do that in from parliament. >> No. No. Okay. But then what is why is Chin King Charles coming? Why do you think what's >> I think there's desperation and panic because they know that they've got to try to keep the special relationship. They know that Trump is severing it. Trump is well aware of the role that MI6 and GCHQ played. Christopher Steel, Hanigan, others in the Russia Gate coup, which is part of the criminal conspiracy. So, you very well may get some of this British connection um in the uh in the conspiracy indictments that come out of out of Florida. So, that's probably part of it. And they've just I think there's desperation because who else in England can compel any kind of respect from Trump or anyone else? But I think ultimately Charles is coming with hat in hand. I think he's going to be kind of mocked and ridiculed. >> Be very interesting. >> It's going to be very interesting. >> And I I suspect you and your team are going to be following that rather closely. >> Yeah, I was savoring this because I think he really is coming in begging. I mean, there's no doubt that it's gotten so bad that they now need a rescue, a political rescue line from the United States because they've completely trashed their own kingdom and the population is in revolt. >> Yeah. Or soon will be.

Okay. Now, the uh back to the United States, these five memos, is this being promoted and p publicized? Do the American people know? >> No, they have no idea. But that doesn't matter. That doesn't matter. What matters is that it actually is done. I mean, that's the problem. It's not a question of people have lost a lot of trust everywhere. So, telling people that Trump has said he's going to do this, you know, like someone said they're going to do something. But Chris Wright, if if people haven't looked at Chris Wright, some of his speeches, some of his insights, I mean, he said at, you know, Jordan Peterson had this ARC conference. You might have followed it in London. And Chris Wright spoke there in 2025. and he gave a remarkable speech, but he basically said that the great one of the greatest causes of death in the world is the the the death and uh loss of life from people using things like animal feces for fuel in places like Africa. He says, "We've got to build an energy supply and that's got to be coal. It's got to be things that are cheap that we can build up that we can get moving um in terms of electrical systems and power systems in the rest of the world." So his from his standpoint, he's got a moral authority that an energy buildout, unleashing massive amounts of energy supply in the world is the only way to eradicate the severe levels of poverty that still exists for like 1 billion people on this planet. And obviously there's a lot of other people even in the Great Britain who are who are energy poor because of energy prices and the and the climate cult. So Chris Wright has got wartime authority as one of the most one of the most bright and moral secretaries of a cabinet that have probably ever existed in American history. And this guy is a legit figure and his compulsion is in the right direction. His science of it like he did a for example he did a big interview on the All-In podcast. These are some tech types uh that run a podcast that are close to Elon Musk and a lot of them have probably invested into the whole solar panel battery green energy stuff. So he was there and he was basically like sorry you guys are just completely and totally wrong and he just gave them a full scope argument. So he'll just he's not he's not pandering. He's not playing politics. He's fully committed that he knows if you want to launch economic prosperity and end the the crisis of growing poverty in our in the first world, let alone the the third world, um you have to do massive energy buildout. So this guy is serious. Now, will he get it done? Can he really cut the red tape and really move it? But these are unprecedented steps to give him wart type powers,

>> right? But just on the wart type powers, this is going to allow for the manufacturer of more weaponry which can then be used to replenish the stocks lost in the war with Iran which can be used to go and wage more wars abroad. >> It's true. Of course. Yeah. Yeah. Look, it's that's this is the question that I think a lot of people feel challenged by. you know, people that are either leftwing in America or just kind of people that have been become very critical of the United States globally is um you know, we'd like to see the United States weak and kind of in in its own internal crisis and in a breakdown so that we can kind of so the multilateral multipolar world a more balanced and fair world can emerge. Okay, that's one a completely utopian dream. The the bigger problem that they're ignoring is that a weak and fractured and increasingly dumbed down and um cynical America is the most dangerous threat to nuclear holocaust and global destruction one could possibly imagine. Was it our great was it the great optimism and industrial strength of America that got us to go and into war in Iraq? Was George Bush a leading intellectual and political light because America just was so strong and powerful? or we were we already on 20 years of increasing cultural and economic demise before we would ever even consider electing people like Al Gore or George Bush to the presidency. Um so you've got to get America back on a moral footing and moral footing means that we're capable of producing what the world needs. We're exporting nuclear power plants. We're exporting small modular reactors. We're exporting energy technology. This is what Franklin Roosevelt was doing in Brazil prior to the war. This was the foundation for the post-war system of the Brett Woods. We just never breathed real life into it. In many ways, rebuilding the United States industrial productive capacity is bringing to bear the promises made in the 20th century, of ending poverty, of global development. We're now making it possible because the United States has to be the leading engine of that promise because we're the ones who made it. But of course, if we're building up our arsenal, we have a big military, somebody could get elected like Camela Harris or some insane lunatic Democrat and they would probably go to war like they did in Ukraine and that's not good. But to sit here and say the United States should become weak backwards and and sullen um is I think the fastest way to destroy the world.

>> Okay. >> You've got to if you if you have a love of your nation, you have to ask for other nations to be strong and capable. Sure. And I didn't know about the export of the nuclear technology because that would undermine the city of London. So my I don't So if you by the United States exporting nuclear power well the capacity to generate nuclear power say in African states then how on earth have a heart for the city of London Mike. How on earth are they going to extract resources by lending money to those poor nations to then purchase energy from elsewhere? I mean, >> yeah. No, I mean, how how are they going to keep the Congo mines going if there's massive development and you can't put 14-year-old or 10year-old children deep into the >> three-year-olds? How are three-year-olds going to earn money? >> Yeah. Yeah. How are they how are those families going to survive? So um and and you know using dung for fuel to cook food is is their tradition. It's their it's their culture and you shouldn't you shouldn't you shouldn't impose on them advanced electricity and industrial capacity.

>> So um you know this is just white racism. Nuclear power is just another form of white racism. >> That's right. It's it's just that's right. It's white supremacy. That's what it is. Nuclear supremacy. No. Do you know in Pakistan I know in Lahore the city where I'm from you go into the slum areas the poorer parts and there are like patties of cow dung drying on walls in the sun and then they'll use them for fuel. >> Yeah. >> So >> yeah. Yeah. >> Yeah. You know I mean I mean and and and some people you know might think that that's just the way to do they make the food taste better or something. But, you know, I mean, the reality is though is that their grandchildren and great-grandchildren would much prefer to have an advanced civilization that's capable of thriving. And, you know, >> you can't uh it's not possible to run a modern economy without cheap energy, cheap abundant energy as Germany's discovering and Britain's going to discover. >> Yeah. That's it. That's it. So, this is the great this is the great shift. I mean, Trump is waging an energy revolution. He's exposing all of the climate cult frauds by the by the by the kind of energy um restrictions from the the attack and engagement with Iran. Um and he's launching an energy revolution that's a a war literally a warlike mobilization against climate stupidity, energy stupidity. So, I think this is I mean it's big. It's it's big in potential. Is it going to is it going to hit that? Is it going to hit the ground running and make huge changes? But if it does, and I think it will because look, you know, Trump tried to appeal to these AI these data center companies and be like, you can build a data center, but you got to build a power plant. They're not building power plants. They're not. They're trying. And they're trying to say, well, we're going to put some windmills up or some solar panels up. It's like no no no that wasn't what we were talking about. We're talking natural gas, you know, mostly natural gas, but you know, our small modular nuclear reactor. They had all kinds of big plans. It's all talk because you know these companies aren't even sure like chat GPT open AI doesn't I mean they're so underwater they have no idea how to make a profit right now. Um

>> okay. So, so I think there's a uh um I think Trump realizes that these guys aren't going to get it done. And you know, AI data centers may be great, not not the way they a lot of them want to do it. But if they wanted to build power plants, great. If they're not going to build power plants and Wall Street's not going to fund, look, Wall I went to a major conference in New York on nuclear power. Wall Street is not going to build nuclear power plants. the the cost overruns in the Georgia plants that we built. Um there was two major big plants built down there and it was 10 years. It was way over budget. Um you know, China's building these at like five billion a pop. Um or maybe that's not the price. It's in five fiveyear period. Uh South Korea is doing that five six year period. You can get them you can build them quicker and at cost. Um but Wall Street's not going to take the risk. And if they're going to do it, they're going to charge you like, you know, 15, 16, 17% and on a massive capital investment like a nuclear power plant. That's a killer. So now Chris Wright's coming in and we're going to I mean, if he can start to build nuclear power plants and people say, well, you got to do the prep and you've got to do the environmental inspection. We right now have 11 nuclear plants in the United States that have already been licensed to have an additional reactor built on those locations. Wow.

>> And there's and there's probably 50 locations where that same thing could be done and the permitting and licensing process expedited within the course of just one year. >> Okay. >> So just because because they were built with the idea of having multiple reactors. They were built with that. So the wind tests and you know if there's a radiation exposure and where the where the radiation would blow and all of that they have to do all these studies. All of that's been done for most of these loca for many of these locations for all of them. So if Chris Wright moves on this and moves aggressively. Okay, here's here's an interesting here's an interesting thing. So in the United States, we don't have a place to store our nuclear fuel and we've gotten rid of except for some processing for military purposes. We have no real nuclear waste recycling capability. We don't recycle the nuclear waste right now. It's stored on site and that's not the biggest deal. But there was a big thing about storing it in Nevada at Yucka Mountain. And of course, everybody in Nevada started freaking out. You're going to take all the nation's nuclear waste. One, that was kind of obscene because fuel is like 96% recyclable. Like, you can get 96% more fuel out of those spent rods. So, you can keep reusing them. It's only about 4%'s been used after like 30 years. So Chris Wright created an initiative to do fuel waste processing but also recycling called nuclear what's it called? Nuclear life cycle innovation campuses. He offered states to bid if they wanted one of these campuses, these nuclear recycling campuses in their state. 28 states have applied.

>> Wow. So there I mean only two or three sites will be chosen. So there is like this booming in eagerness for almost half half the states in our country to be engaged in the nuclear industry in nuclear waste recycling and processing and fuel use because there's a kind of we're getting past this kind of hippie uh world of fear of nuclear and we're starting to look at the fact that if we want to grow and prosper and if we want to be smart about it it should be through nuclear capabilities. So, um, it's not just nuclear, it's oil, it's gas, it's, um, coal. Even, you know, a big factor for coal is that coal mines are great for mining rare earth minerals because they're these big open pits. They have a lot of various concentrations and so you can already mine them there. So, there's a lot of these kinds of questions that people are looking at because we're getting back to saying we've got to produce the things that the world needs, what we need,

>> and that for the world needs. And that's what you'd want every nation, right? Every nation should be thinking, what can we produce that improves our quality of life and that the rest of the world could benefit from. >> Okay. All right. Now, I did start off talking about a war economy.

>> I just I want to change this a little bit and you have talked about I think quite eloquently about what's being created in the United States, but I want to go over to Iran because I'm curious to know what your take is on developments now. with the Iran US conflict. >> I think I think Iran is in a very I think the IRGC is in a very tense situation. I think we said on another call, but how many civilians did the IRGC and the militias kill when there were protests? Now, some people say there were 40,000, but low estimates were at least around five, six, 7,000. There were definitely people killed. I don't think anybody denies that that the state went out and started killing some of the protesters. Some people might say they were justified because it was MSAD, it was Western intelligence, this was a westernbased coup, but they were killing their own citizens. I mean, you can't deny that.

>> I mean, it's it's almost kind of obscene that left-wing protesters in Western countries will sit there and say, "Yeah, well, they're killing their own citizens, but it's because the protests are foreign funded." It's like, um, Are you sure all of your money are you sure all of your money is really from from American citizens? >> But even then, like you said, they're still killing their own citizens. >> They're killing. So, we haven't killed nearly as many Iranian civilians as they've killed in their protests. I think the question is that the IRGC is in a real in a real pickle. The option, the offer on the table, and this is what most people don't want to acknowledge, is that Iran is being asked to join the system of nation states that was set up in opposition to imperialism and globalism after World War II by the United States. That's their option. The same option was given to Venezuela, and we kind of imposed it on them, and they gladly accepted it. The problem with the IRGC is that their their role in in Iran is not going to be to control up to 50% of the economy and that kind of dynamic. They control large portions of the construction, industry, defense production, shipping, the IRGC and its kind of satellite entities control a lot of this. They are the Ptorian Guard. I mean, so um how the country totally works, it's not clear, but I think that's pretty verified. So that's a hard decision to make. You're going to basically if they give up power, they if they if they sign a deal with the United States, the IRGC will not have the same power that it has today. And I think that's the decisive factor in all of this. So, I think the IRGC in a tough fix and I think they right now probably increasingly feel like the hostages they took in 1979,

>> right? >> Well, they're really they're really not in a good place. You've got a a heavy naval blockade that's only going to get more intense. Other ships are getting through. It's not a lot, but other ships other ships not connected to Iran are getting through the straight. Um, but they don't have the capacity to keep drilling oil for very much longer. And we're even interdicting the ships that they stationed. They stationed maybe 50 days worth of oil sales off the coast of like Indonesia and Malaysia prior to the attack and but even some of those ships are now getting interdicted by the US Navy. So I think there's a real squeeze. But I think people have to realize the offer on the table for Iran is to join the system of nations based on real growth. Not the climate cult, not western imperialism, not not religious war,

>> not this ongoing conflict with Israel. Okay. Now, in the video that I recorded with Tom Lewongo, who used to be a chemist, what he said was, uh, what Trump is doing is blockading Iran, preventing it from make exporting its oil and thus generating any revenue and it's running out of storage facilities for the oil that it is drilling. And then he also said that the wells in Iran are are susceptible to water contamination. If they stop pumping, the pressure changes.

>> Yeah. And then if water gets in, then those wells aren't can't be used again. They have to drill new wells. And that the the IRGC and the police are being starved of of money because their wages aren't going to be paid. And then now Tom didn't say this, but one of the things I've heard is that revolutions happen when the police or the military change sides. Well, I think that's the I think that's the interesting question will be that the military has not fully if the population is armed, then you can't just kill them in the streets and end up the political protest or change of government. So, I think that Trump knows it. I think the Pakistanis who are mediating the discussions are probably have a good sense of the dynamic. Obviously, the Pakistanis have been in dialogue with the Chinese as has President Trump because China has been the m 80 purchaser of what 80% 90% of Iranian oil. So that's how they've funded their operations for the decade or so. Um so I think that there's probably a pretty good intelligence picture on this the situation inside Iran from some of these countries and at least better than maybe what others might have. I think there's there's a real sense that there is a real crisis building in Iran because you can't keep storing the oil. You can't keep pumping. Now, from an from a from a kind of suicidal IRGC, let's just whatever. I mean, maybe it's factions. I'm not trying to describe that grouping as monolithic, but a faction within it says, "Well, we can either lose our oil wells to Trump bombing them, or we can lose our oil wells to the fact that we can't keep pumping." and they may decide to just take the suicidal route because they realize if they make a deal with the United States, their ability to justify their revolutionary regime as you know, America the great Satan and their ability to use that to then control huge amounts of economic wealth inside Iran would be over. It will not continue to function because there's probably a lot of political factions who know about that level of corruption and want it to change. Yeah, very very interesting, very interesting times indeed. One of the things I wonder about is how much the negotiations in Pakistan are being shaped by MI6 because of the close connections between the Pakistani army governance ISI in particular the intelligence agencies with the UK shortly after Imran Khan was deposed in a coup, Britain appointed a new ambassador who in a previous role was head of a joint terrorism task force for the intelligence services in the UK. That's Pak that's Britain's ambassador to Pakistan,

>> right? >> So >> yeah, >> I mean I think what you're pointing to though, it makes it clear why Trump would keep bashing the European powers and NATO. He's making it very He's making it very clear to the people like Pakistani intelligence and leadership. These people are not players in the world going forward. Be careful what side you go with. There's a reason why the United States did not loop Britain and France into the plans for the attack on Iran in the first place. So, I mean, Trump's making it very clear that do not continue to try to side and meddle and and and with these other these other, you know, supposedly global powers that have some kind of weight and influence because under my reign and under this new kind of regime in the United States, these powers are considered troublemakers at best. And I'm talking about Britain, France, the Europeans.

>> So, we'll see. I mean, I think Pak I mean, we'll see if Pakistan can negotiate this and mediate it. How long Trump I mean, Trump's in some ways, Trump's saying, "Look, we'll just we'll sit and wait right now. Let's see what you guys can pull together." >> Yeah. Because meanwhile, the whole world's going to the US for energy, except for the UK and the European Union, >> who just >> who apparently apparently agreed to buy like $600 billion worth, but >> All right. Yeah, >> Mike, thank you so