SPEAKER_00 0:01

Okay, guys, welcome uh to another episode of the podcast. Uh, another huge event, the Iran situation. Uh, we're gonna talk about how it's gonna affect us. Will there be a World War III? Um, and it's definitely possible. So, getting right into it, what happened recently on February 28th is the US and Israel launched coordinated strikes on Iranian military and nuclear targets. Uh, we are targeting Iranian nuclear facilities. There's been a whole debate about whether or not Iran can and should be allowed to develop nuclear uh ability for weapons, right? And uh, because they have supported terrorists for 50 plus years, it's a big concern. So, military bases, nuclear facilities, and they uh we actually took down their leader, and we uh uh we took down their supreme leader, Ayatollah uh Khomeini. So there's a leadership crisis, power struggles, and now there's bombings back and forth. There's civilians that are being affected, that are being killed and hurt. We have fighter jets that are the U.S. Um, the U.S.'s fighter jets that are worth tens of millions of dollars being shot down, malls being attacked. It is pretty crazy. Uh, Peter, what do you think about the situation? And have you been keeping up with it?

SPEAKER_01 1:34

Yeah, I mean, I'm probably like a lot of other people, it's just one of so many other things. Um, you know, it's obviously a big situation, but this is not the first time this has happened. I think uh the the basics, I don't know if people understand the basics, but the basics are that, you know, it's like, okay, do these guys have nuclear weapons? If they do have nuclear weapons, then uh there's gonna have to unfortunately it's gonna be very precarious for the you know regions and uh nations uh around because they could do some serious damage and they are you know led by what they are calling like a terrorist um regime. And so I think it's of concern. I think there is going to be some real impact, and there already is impact to our economy, and you know, this could potentially lead to some serious economical uh implications that could affect the average everyday person. It's not just gas prices, it's everything, everything runs on gas, and so when prices go up, um inflation goes up. Uh, so yeah, I think this is a a a big deal. I also I'm gonna mention that I think this is also a distraction in some ways. Uh, that's the theory, a distraction from the Epstein files that are, you know, what was a huge deal. Um that's what the the ongoing that's what the ongoing theory is, is that uh they're trying like why why now? Why why is this happening now? I mean, this has been going on forever. Did something happen and where they all of a sudden you know had to attack quickly? People are saying that they're they're using this as a major distraction to distract people away from all of the stuff around uh what happened in uh Epstein and of course our country's problems, and so um yeah, that's all I'll say about that.

SPEAKER_00 3:22

I love that's interesting. Um, we're gonna talk about where things could go next, right? Because we need to understand well, how does it really affect us? But before I say that, what you brought up was a really, really important point is if you look at all the major wars and attacks and takeovers and all this stuff. If you look at what was happening right before that event happened, there's always something juicy. So I didn't make that connection between the Epstein files uh and this, but that's totally possible. Um, because there's so many important players that are being exposed. I mean, I'm seeing some of these files being you know reviewed and released on Facebook, and the content is crazy. And I remember reading about how right before 9-11, not to get too controversial, but here we are, that we were missing like a $1.5 trillion budget uh deficit from the Pentagon, right? So, anyway, history is all there for people to look at. You guys can do your own research, but where could this go next? So let's get right into that. Uh, number one is what the Trump administration is saying is that President Trump said it's gonna go on for about four weeks. That's a nice promise, but who knows if that's going to be the case. Uh, they aren't entering on land just yet. So I think that's a pretty important distinction where there's a lot of airstrikes, bombings, but not ground troops. And I think I think people in the US wouldn't really stand for that. But that's scenario number one is a limited war. We take out some key targets and then we de-escalate, come out of it. Uh, another scenario is more people actually enter, uh, or more countries enter the war. Um, what's happening is it's not just Iran and us attacking, I'm sorry, Israel and us attacking Iran. Iran is also retaliating on the nearby Arab states, some of which they're actually friendly with. So it's kind of like getting mad at somebody, and then your friends are behind that person, and you just throw a bunch of rocks at them and it hits everybody, right? So there could be a regional war. Um, it could also be a regime change in Iran, which has to happen because the leader was killed. But here is the key thing here uh global energy shock. If you look at the the the map, there Iran and the UAE, they control um what's called a Strait of Hormuz. This controls about a quarter of the entire world's oil. Okay, well, why is that important? Um, well, people don't like uh inflation, people don't like high gas prices. If a quarter of the production of oil, worldwide oil, is being stopped because Iran chooses to. I mean, Peter, what do you think is gonna happen to prices and inflation and how will that affect us?

SPEAKER_01 6:45

Yeah, I mean, I I again people think that people are just like, oh, it just means gas prices are gonna go up, especially here in the US. Well, that's not the case. That's not uh that is gonna happen. You know, the people are expecting if the if the uh oil um if it goes past like a hundred dollars per uh barrel, then they're going to see some significant increases. We're probably gonna see like a you know, I don't know, like a 25 to 50 per 50 cent increase uh in our gas prices, but that's not the only thing. Our world runs off of oil. Most of our, you know, uh America runs off of oil. And when oil goes up, everything actually uh goes up in terms of prices. They're gonna have to charge more. That causes inflation. And so the theory right now is that um we don't know what the feds are going to do, but you know, if we're seeing inflation go up, because unfortunately, because of this war, we're going to see, and especially if it's prolonged, uh, we're going to see uh the feds not cut uh rates like they promised they would. And even just announcing that uh that would cause the stock market to get affected. But you know, if we're seeing a lot of inflation, they have to uh lower down the rates, they may even have to lower down the rates. Thus, what's gonna happen is the stock markets are going to be affected, right? Because rates actually do affect our economy. And if our stock market gets affected, we're talking layoffs because when stocks go down, tech companies, they tech sorry, not just tech companies, all companies, they will start laying off their employees, and we're gonna start seeing unemployment go up as well. And so, I mean, there's just a lot of uh there's just we're we're seeing uh Korea got I don't know if you guys have heard, but Korea got severely affected because their economy highly depends on oil. And so uh oil prices will uh can actually tank their economy. And so they're they're uh they already crashed um I forget how many percent, but uh quite a lot uh recently and and in like a matter of they it actually uh uh triggered a circuit breaker, which is which means they they're halting all trading. I don't know if you've ever ever experienced that, but like when a stock goes down so much so fast, they actually somehow that you can't trade it anymore. So they actually they actually uh triggered that for all of Korea's uh stock market. And they and because and of course, once it resumed, people started selling again. And so we could see something similar in America. We could see mortgage rates go up because of course if the uh Fed you know doesn't cut rates or they uh even uh raise rates, we're gonna start seeing uh uh mortgage rates go up, thus we're gonna see a housing uh potentially a housing crash, depending on how uh high the mortgage rates go. And so it's just not good for our economy. So this will make some serious impact for us.

SPEAKER_00 9:46

Yeah, that story about Korea's stocks reminds me of GameStop, you know, um, how the stocks went on the opposite direction, too high up, everybody, you know, Robinhood halted trade, and that was a huge controversy. I mean, you're literally talking about the concept of like liberty and freedom, right? And if you extrapolate that and think about, well, why is oil so important? You really got to think about how oil really affects us, right? So it's where do all the things come from? Well, they come from ships, and ships run off of diesel, and then they go on to trucks, trucks run off of diesel and cosmetics, even right, even chewing gum. Like if you actually look at the ingredients and many, many things, I mean, there's so many things that involve uh petroleum or oil that it's not even funny. We are basically a you know, tires, right? You need new tires. Well, good luck, because all the rubber and all the it has petroleum. And um, another point I'd like to make is when the markets react, um, it's not just what's happening now, but what's being priced into the future as an expectation. So the energy markets and the global shipping markets are already reacting, which causes those things to go up, and people who are watching that will also be more in a defensive position that are gonna get into different types of assets, which should kind of maybe undo some of the progress we've had. And the last thing I'll mention is because we have gone down in rates into the fives now. People may not understand that we're at actually 5.99 and below. Uh, some FHA borrowers, again, because we're real estate people, there's FHA, that's conventional. Some FHA buyers are getting into the high fours or even low fives. And if this trend is reversed, a lot of the upside in the market, we're seeing listings, you know, sell for quicker. There's escalations now. We recently um had a buyer bid on a property and they got beat up by $50,000. Like it's happening again, multiple offers. But all that kind of momentum and forward movement can be can be crushed, you know, like you said, due to inflation and worries. So it can be a pretty big thing that affects all of us.

SPEAKER_01 12:17

Yeah. Yeah. And I our our economy, I just saw another um yeah, YouTube title, or basically uh Tom Bilieu's uh new video saying that uh apparently even our banks right now are like they're saying like it was like something 15 out of 16 of them are are on the brink of collapsing, you know, or something like that. And we're starting to see the same thing that we saw in 2008, which is why I don't know if you remember we we had a we started printing a whole bunch of money to try to um you know uphold some of these uh banks that were struggling. Um, and so there we're already in such a we're on the edge, right? Economically already, what's gonna happen if something you know pushes us over? And so uh we will see. Hopefully, this is like Trump said, uh a very fast war, and you know, it's not a problem. I'm hoping that that it just kind of uh you know pushes over, but you never know. I think the other thing that we may want to consider is um, and I did a little bit of research on this, is can this cause World War III? And I asked myself, because that that's been going around in the headlines, and I'm thinking like, well, why would that even happen? So I looked up uh who is even backing Iran, and apparently Russia and China, uh among many other people, but or many other uh nations, Russia and China are are uh backers or partners in some way uh diplomatically with Iran. Um, they're also very um dependent on them for energy, right? Weapons and energy. And so are they going to be involved? Because if they do get involved, everyone everyone knows the superpowers, right? It's like if Russia and China do get involved, that's World War III. What do you think?

SPEAKER_00 14:15

Um, let's build bunkers. Apparently, millionaires are building bunkers. Andrew Tate has a few, uh, Kim Kardashian has a few, and uh it's only 400k per bunker, apparently. Okay, no problem. Um I think nuclear, the word nuclear has been such uh a headline. This is one of the reasons why President Trump says, you know, okay, so basically Iran has been trying to you know develop nuclear just like any you know country that wants power since the 50s, but because they are so supportive of uh literal, literal terrorist cells and groups, and they fund them and train them, actually. You know, imagine what would happen if you know they were allowed to get nuclear weapons. And because of some things that, you know, I don't want to get into a history lesson here, but because of some failed negotiations and kind of strong arming from you know our administration to theirs, they're basically saying, look, we're not gonna follow this anymore. We're gonna enrich uranium and we're going to make weapons grade uranium. That coming from a terrorist supportive country is a pretty big red flag. So you think, you know, um you think that this isn't a reality? Well, it has to be because, like you said, it's not just this country, it's the backers of that country. And I think we should all be paying attention to this. Um, and we I it's so sad to see the civilians who are being affected. I've seen you know footages of drones like literally flying into like there's a guy taking a video with a camera, and there's drones like with bombs attached to the drones flying into the buildings and the floors above them, right? I mean, imagine being in that situation. You're in a posh place in Dubai. Like, this is not just some weird country place, it's like metropolitan cities are getting hit, and it could escalate into something huge. And I sincerely hope that it doesn't.

SPEAKER_01 16:23

Definitely. The nuclear thing is really interesting because I mean, in one sense, so I I've heard this theory where uh like even North Korea, they're trying to have like they want nuclear, or a lot of countries want nuclear because as soon as they get nuclear, then they're taken seriously. Then they have a little bit more um they have a little bit more say when it comes to negotiations and trades and things of that nature. And so um I don't really, you know, know exactly why Iran would want uh nuclear, but I'm sure it's because it'll give them quite a lot of power. The problem is, is, you know, obviously when people do have nuclear, I mean that's the it's a nuclear bomb, uh, an atomic bomb, a atom bomb, I mean, all of these bombs can create massive, massive destruction. We haven't seen it in our lifetime, but it's just such a massively horrible, grotesque thing um that it it can do to uh such a huge, such a huge amount of real estate that you just never want it to happen. Um, but it's just and and but you know China has some, Russia has some, uh you know, the US has some, and that they they have a lot of power because they have the biggest weapons right in the block. So it's definitely scary for for people who are you know chanting, honestly, chanting, leaders chanting death to America, and then to give them uh uh such a weapon like that, like I wouldn't give my my kid a gun, you know what I mean? Like he could shoot someone, and so you know it we we want to be like why is a US being a parent here where well the fact of the matter is someone needs to be a parent, right? Because if someone is not, then you know, people like terrorist nations like Iran can end up having such a huge weapon that can cause so much destruction to the people around them and and the US and and really everyone. So it's kind of an interesting uh concept and and a situation that's going on in the world.

SPEAKER_00 18:32

Yeah, I mean I've learned a lot from doing this podcast, and one of the things I learned is that you know, history is so varied and it's so uh it is written by the victor, right? Is the classic saying, and it's so true. There was a clip of you know, people in Iran um in the you know, I think it was the 50s or 60s before they were kind of known as this terrorist, you know, supportive state. They had you know industry, they had nice buildings, there's you know, women who were scientists who had top universities, like you know, these were top-notch, you know, people. And because of all the political things that happened between the US and Iran and all, you know, now we see Iran as this kind of uh caricature or like a symbol of Middle Eastern terrorism, which is terrible. You know, I wouldn't want to be painted that way if I was Iranian, and I'm sure that um there's friends that we know that that that are from that country, right? So, but at the same time, a nuclear war is that's the end of the world. I mean, we're gonna go into nuclear winter. Um, you know, people might not realize the reason why the dinosaurs uh went away, supposedly, was it wasn't just the impact, it was all the stuff that rolls up and cause basically a nuclear winter where it you know it gets into the atmosphere, you the sunlight doesn't come, plants die, food dies, everybody, everything shrivels up. And one movie that I would highly, highly, highly recommend. And Peter, I told you about this one before. I would it's called the House of Dynamite. Oh, I haven't watched it yet. Please, guys, if you have not seen this movie and you want to be scared and not sleep and be an insomnia because you might think World War III is around the corner, House of Dynamite on Netflix. It's basically about a situation where there is a nuclear weapon launched toward the United States. I'll just leave it there. But the way that the they kind of thread in the story and all the emotions that are happening as you see the weapon like in the air, right? I don't want to spoil it, but please watch it. I think it's a great movie and just shows how scary a situation like that could be. And um, I think in the in the best case, we're gonna have some economic things happen due to this, but in the worst case, there could be there could be a massive war. So uh I guess we'll pray to see what will happen.

SPEAKER_01 21:24

Yeah, and I I think one last thing I want to mention, uh, at least from what I've been seeing, is that Iranian people, a lot of them are very happy about this situation. They're very happy that uh the US finally intervened into a uh a terrorist regime that has been oppressing them for a very long time. I I was in uh Bellevue and I actually saw uh a bunch of people just dancing, right, on the street and people like honking horns. And there was like a there's like a huge festival um in Bellevue. And the reason why they're just very happy that. Uh finally that the the U.S. intervened because I think a lot of the Iranian people were very, very unhappy and very oppressed out there. They've killed thousands, right? Uh probably even more than that, but it's like many, many people out there uh for opposing them or having a different thought. And so um it's definitely a an ugly scenario, and you know, it's been long awaited. Um, like I said, I'm interested. It's interesting why it happened now in such a you know weird time, but um it is happening and we hope for the best. We hope that this uh goes over quickly. But if it escalates and Iran, who I don't know if you knew this, but uh they were Iran is a modern-day Persia. Did you know that?

SPEAKER_00 22:48

Yeah, yes.

SPEAKER_01 22:50

I didn't even know that um until I researched it. And um, if it says in the Bible that if they attack Israel, which is kind of happening, um, and that kind of escalates, and they say that Israel is going to be the it was like the pain of the nations, right? Um, because they're gonna be targeting them, uh, then that's like biblical times, man. That's like end of the world times. There's gonna be a lot of conflict, there's gonna be a lot of wars, uh, and it's gonna get ugly. So let's hope that that's not the case. Let's hope that this is just another, you know, thing that passes through, but uh, we will keep everyone updated, you know, until then.

SPEAKER_00 23:32

Yeah, I don't have much else to add. Um, let's just be on the lookout. It is affecting all of us, whether you realize it or not. And I think we should all just be aware. Uh, hopefully, we can serve as a reason for people to look into this stuff. There's great YouTube videos about the history, the situation. We'll probably add some, you know, to the podcast to kind of uh illustrate some of those things. But yeah, I pray that we end it quickly and effectively.

SPEAKER_01 24:02

Yep. Well, guys, thank you guys for watching. Um, again, please hit the subscribe button and like uh for those of you guys who have been watching our videos. Uh, we'll definitely cover this more and we'll have a lot more uh fun and interesting videos. And if you guys have any suggestions, please leave it in the comments. Thank you guys. See you later. Thank you.