While neoconservative warmongers like Robert Kagan are willing to admit that the United States has lost the war against Iran and lost badly. It's important to know that the US isn't the only loser, the global economy is. And there's no end in sight because Israeli Prime [00:00:17] Minister Benjamin Netanyahu declared on CBS is 60 minutes that the war is not over yet. Here's what he said. The Iran war accomplished a great deal, but it's not over because there's still material enriched uranium that has to be taken out of Iran. There are still enrichment [00:00:36] sites that have to be dismantled. There are still proxies that Iran supports. There are ballistic missiles that they still want to produce. Now we've degraded a lot of it, but all that is still there and there's work to be done. So how much longer can the global economy [00:00:53] handle this war dragging on for months, maybe even years. Because oil prices rose today after Trump declared that he would be rejecting Iran's counter proposal for peace, calling it garbage. uh So US West Texas Intermediate Futures, they gotta find a better name, and [00:01:14] Brent are both up around 40 % since the US and Israeli led war against Iran started on February 28th. City analysts wrote in their latest oil report. that prices could rise further if Iran and the United States do not agree to a deal. Adding that crude markets have been cushioned [00:01:34] by high inventories, strategic petroleum reserve releases, weaker demand in developing economies, and intermittent signs of possible de-escalation in the Middle East. I should note that today, uh Trump apparently is spooked by how high gas prices already are. that he called for [00:01:56] a temporary pause on all gas taxes. We'll see if that's actually carried out. But Cenk, something that you've been mentioning a lot on the show, there's a huge disconnect when it comes to uh the stock market versus what we're experiencing at the pump. because the [00:02:12] stock market is doing stupendously. But when it comes to what we're paying at the pump, obviously prices have gone up quite a bit and will continue to go up as this war drags on. So I want to go to graphic nine, right? So you see when the war started the markets crash, [00:02:30] Trump panics, does a ceasefire, right? And he keeps saying the war is over, the war is almost over, the war is almost over, we won. They're going to concede on everything. And the idiots in the market have the market go completely back up and back to record levels. Close to [00:02:48] when Pam Bondi was like the markets at 50,000, right? So here we are back at 50,000 in that ballpark, and it's given Trump false confidence. So it's a cycle of stupidity that is going to lead to disaster. Because Trump's against you, we'll miss one. And the morons on Wall [00:03:06] Street are like, we'll miss one, everybody bye, bye, bye, bye, bye, bye. Yeah, we're gonna get bye bye soon. And so now because Trump thinks it's no big deal, he said today, I thought the market was gonna go down 20, 25%. So he knew how much damage he was going to do to [00:03:23] America on behalf of Israel, but he chose to do that anyway. He said, I took a bullet for this, why? Yeah, why? Why? Okay, because you're making America take a bullet. You're making our economy take a bullet along with yourself and your policy and we know why. I [00:03:40] don't care if everyone in mainstream media lies to you, it's blackmail. The bribes alone doesn't do it, okay? A lot of people are bribing him, a lot of countries are bribing him. No. At this point, the way he's following Israel, no matter how much it's obviously going to his doom, and when he only cares about himself, that means the blackmail is worse than him [00:04:00] being considered the worst president in history, okay? So what's going to happen in that market, hear me now, quote me later, is when we go back into the war, because Netanyahu just ordered us back into the war, and then Trump ripped up the peace deal. And Trump just said today, there's only a 1 % chance we don't go back into the war. Markets didn't go down at all, they're [00:04:18] like, no. the war is almost over, bye bye bye bye. Okay, it's going to be a spectacular crash. So Richard Wolff, economist Richard Wolff made a statement that hasn't left me ever since I heard it because I think it's exactly right. Markets are slow to react to reality, [00:04:39] but then once they do, they tend to over correct. So you're right, that crash is coming and it's going to be- It's going to be devastating to a lot of, mean, look, when you really think about who's invested in the stock market, about 80 % of the stock market is owned by the top [00:04:59] 10 % of this country, okay? But that doesn't erase the fact that a lot of working class Americans have the entirety of their retirement savings in 401Ks or IRAs. Stock market crashes, these people who might be getting ready to retire are going to suffer significantly. I'm so [00:05:20] angry about this whole situation. The fact that we are in a war that we should have never been in to begin with, even if Trump was able to accomplish the objectives that he had outlined in the beginning of the war. Those are objectives on behalf of Israel. Those aren't objectives [00:05:36] that benefit the United States in any way, shape or form. We are carrying the cost, we're carrying the burdens, we're suffering the deaths and losses. Whereas Israel gets to bomb from afar. and get us to do their dirty work for them as they're expanding their borders into southern [00:05:52] Lebanon. Yeah, so last two things here. I asked a couple friends who invest on a way bigger scale on Wall Street, right? And I said, what the hell is going on here? These markets don't make any sense. And they said, the problem, Cenk, is liquidity. What does that mean? The [00:06:12] wealthy now have so much cash, they literally don't know where to put it. They're like, what are we supposed to withdraw all of our money from the stock market and put it in a gold or cash, etc? No, no, no, we've been making so much money every year from the stock market, we just can't quit that crack, right? So, when, Ana's right, when you have uh the markets [00:06:33] fluctuate like crazy, the pendulum swings wildly. That's why when Warren Buffett said, hey, how did I make this fortune? I bought low and sold high. And everybody thinks, well, why doesn't everybody do that? That's gotta be the easiest thing in the world. because they're monkeys on Wall Street. So apparently Trump is calling for unity after another violent [00:06:50] incident. But the way this gets covered depends on who's trying to spin it and who's willing to call it out. On the right, the framing turns Trump into some kind of heroic victim, a uniquely important figure being targeted because he's just that powerful. On the left, the focus [00:07:05] is on Trump's long, obvious relationship with violent rhetoric and the political climate he helped create. Same event, completely different narrative. And that is exactly why I recommend Ground News. It's a website and app that pulls together reporting from across the political [00:07:20] spectrum. So you can compare headlines side by side, see the bias distribution of the coverage, check the factuality ratings of the sources, and even see who owns the outlets behind the reporting. Because once you start looking at coverage that way, it becomes a lot easier to see when the media isn't informing you, it's managing your perception. Ground [00:07:40] News also has a blind spot feed. which highlights stories that one side of the political spectrum is barely covering at all. So you're not trapped inside the version of events your media bubble wants you to accept. If you're tired of being fed somebody else's narrative, I genuinely recommend ground news. Go to ground.news slash tyt or scan the QR code to get 40 % off ground [00:08:01] news vantage plan. So when people are buying they all buy like monkeys and they all go right over the cliff. And when people are selling they all sell like monkeys, right? And that's why we have these giant crashes like the Great Depression in 29, like the 2008 crash, like [00:08:18] the 2000 internet bubble. And now we're about to have another giant crash in my opinion, okay? Don't ever invest based on what I say on the show, make up your own decision. Timing is absolutely critical. I wouldn't listen to anyone on air about when or how to invest, [00:08:34] okay? Now, just as a but on a macro scale here, what's going to happen? That's my sense is that they're going to overreact. So once the crash happens, it's going to be spectacular. Because all the rich people are going to think, I gotta get my money out of there. And then I'll buy low once the market completely crashes. Hurry up, hurry up, hurry up, get out of there, [00:08:53] right? And they'll get to get out before any of you do. And your 401Ks will be obliterated. And I'll add one last cherry on top prediction. And then the people in power will start talking about bailouts for the wealthy. oh 100%, my God, it makes me so angry. Why? Why are you? [00:09:10] making me so angry, it's so true. It's so true everybody, they always do that. They're going to do that in this case too. And they're going to want to bail out some of the Israeli first guys who pushed us into this war in the first place. No. Okay. No mercy. Yeah, no. My God, [00:09:28] if Bill Ackman comes around looking for money. Hey, you made a list Bill, right? Of the college students who weren't sufficiently kissing Israel's ass and you promised to destroy their careers and their lives. Good news, we also have a list, okay? So and our list can't do anything. We [00:09:44] don't have any power. You're the billionaire. We don't have anything. But if you come asking us, the taxpayers, for money, then you're on the list. And I'll do anything, anything to make sure Bill Ackman and his buddies don't get bailed out after they slaughtered our [00:10:00] economy. And they did it to betray this country in favor of a different country. uh But it does keep you updated on our live shows.