[00:01] administration is going kooky. Scott Besson just said that we should view the inflation as transitory. I kid you not. Let me break down what he said. Scott Basson just went on a CNBC interview right during Microsoft and Google
[00:16] worse. And what does he say? He says, "We want to Fed with an open mind. We are getting an energy and supply shock." And you know, the last time we ended up having a central bank hike into a potential supply shock of oil, well,
[00:33] that was 2008, and that was the mistake the ECB made, hiking into a recession. And therefore, we should view all of this as transitory. Now, I don't know if Besson's talking to Donnie and Donniey's talking to Worsh or they're all having,
[00:50] I don't know, golf meetings and cheesecake dates together tonight. I don't know. But what it sounds to me like is they're all coordinated together happened?" Like Kevin Worch, what happens if oil prices go down? You know,
[01:04] we might have to change our opinion and our outlook and our view here. You know what? Why would you ever say that? We've never heard a Federair going, "Oh, yeah. inflation just plummets really freaking fast? Well, yeah, great. You know, and
[01:17] pigs can fly, too. I mean, it'd be a wonderful miracle. It's what I hope happens, but I've never seen or heard them go for declaring that. That I think goes on to say, "There's a big relationship between the 10-year and oil
[01:32] prices." That's literally what Kevin Worsh said. Then he says, "Hey, we shouldn't slow growth in the economy just because of an energy shock just to
[01:44] fight uh this because then you might end up reducing consumption and that's not up reducing consumption and that's not good. Also, Iran has no oil on the water for the first time ever in Iran. Our blockade is BLA basically working really
[01:58] well and we believe that the Iranian economy is down and will end up having economy is down and will end up having collapsed as much as 25% year-over-year from March to March if this keeps going on. It makes a comparison to Russia when
[02:12] the Iron Curtain came down and Russia had an economic contraction of 22%. had an economic contraction of 22%. Suggesting this would be worse than them and that the IRGC are just rats in sewer pipes all hiding. This is some
[02:27] interesting branding from the United States point of view. And I don't know inflation transitory again. I think you'd have to have either some big balls to use that word again, or maybe you think a deal is about to