E149: Hamas terror attacks in Israel: fallout, reaction, next steps

But the thing that I think we agree with is that the US better bring more innovation into the military industrial complex and figure out, like, procurement, because our whole cost plus system right now is so broken. There was an article recently in The New York Times where it said that the cost of the United States of producing an artillery shell is $6,000. For Russia, it's $600.

In Silicon Valley, we have now the funding of military startups, and there's a whole new class of warfare, supersonics, drones, quadcopters

And so I worry that the progress that was made in the Abraham Accords, all the normalization goes off the rails.

But I'm an optimist, and I actually think that in some ways, this is going to create a climate where people are going to really fight to try to resolve this situation, or at least contain the situation. Two-State Solution, the Abraham Accords. And I think this is going to renew people's commitment to peace in the region.

The big news that has been going on in the last few months is that supposedly Israel and Saudi Arabia were close to working out some sort of normalization. And I think that process has been put on hold until I think this has been dealt with. ... I don't think we're going to get to a larger deal in the Middle East. We're not going to resolve all these problems until this long festering problem of the treatment of the Palestinians is dealt with.

So no, I don't think it's out of line. I think it's an important lesson for people. This is not freedom of speech.

If they're going to create a cancel culture where people get canceled for their decade-old tweets and so forth, then they should be prepared to live by that standard. ... So I wouldn't cancel them forever. But look, I do think that it's fine and appropriate for someone like Belacan to say, I don't want to hire you people.

Yeah, and I would just be careful for you to add the word youthful because I think it's a get out of jail free card. It's definitely stupidity. The question is, is the cake baked? And if the cake is baked, then there's a big argument to never hiring these people.

That artillery stockpile was basically taken and given to Ukraine. Remember, we ran out of the key type of ammunition in the Ukraine War, which is 155-millimeter artillery shells. That's why we gave them cluster bombs. The US is already dangerously low on ammunition, and that's before we get potentially another war or another front in this larger global conflagration that's happening.

I think that when Trump was elected, I was told that it was the end of the world. And that's what I thought. And I'd already underwritten him as an F, okay? And then four years into the presidency, he was probably like a C. In my mind. And then as I get a little bit of distance away, I realized, no, hold on a second. This guy was like a BB+, like he was pretty good.

By the way, at this rate, the way things are going in this country right now, both economically and internationally, he's going to waltz into the White House. He's going to spend all of his time in the next year in the courthouses, battling all of these lawsuits, the lawfare against him. He's not going to be able to campaign, and it won't even matter because people are going to be so done with this.

And nobody wants him as president again. So I think that's... Everybody wants new choices.

And unfortunately, the few things that if he could have just pushed through, would have really saved America. The biggest one being these 100-year bonds. It would have kept America from getting to the precipice of fiscal ruin. And we'd be in a highly different situation.