Transcript
A (0:00)
This is an iHeart podcast. Guaranteed Human. All right, folks, Tuesday, 4pm Markets are closed. PAG bank, whatever the heck that is. But they're closed on Wall Street. A little bit of a rough day in the equity portion of the market. So take a look. Dow down 400 or so, plus or minus a couple. That's the bitcoin screen, guys. The Dow down 400. S P down a touch 13. Nasdaq down not much at all. Almost flat down 24. But then when you do jump over to the other screen, the oil up A$50 almost at 16, almost 61 a barrel right now. That's a little rough going. And then gold kind of held its own, down 18, which is nothing. It's a couple hundred bucks this week already. Silver up again yet again. So for 80, almost 87 now it's record high for the silver. And then bitcoin had a very strong day today. This is what we've been talking about. As gold slows down, a lot of that money is going to drift into, into bitcoin, into ethereum, I'm sorry, into cryptocurrencies. Bitcoin up almost $4,000 at 90,500 when we're here at the close of business yesterday. So you're looking at very, very strong bitcoin market today. Ethereum up as well. So across the board, a little mixed. Equities down. Some of the other alternative assets are showing some strength. Our next guest knows all too well about the Iranian regime and the misery it brings to people of Iran. He's the author of the Iran Threat and the deputy director, office of the National Council of Resistance of Iran or I guess to Iran, if that. Welcome Alireza Jafar Zadeh. Ali, really good to have you. I think we had John last week and my question to you is it's clear that one thing stands in the way between the people of Iran and, and I wouldn't call it all democracy, but some sort of quasi capitalist situation. It was the mullahs and we were talking about what it would take. And is this exactly what it took? You needed a collapse in the Iranian real to make the economy and inflation spike in the economy on its heels. Is that what it took?
B (2:05)
First of all, great to be on your show, Rick. Obviously, the, the collapse of the Iranian currency is a trigger in a lot of these major changes or revolutions. You don't know where that trigger comes. This one, this trigger, the, the bazaar, you know, the small businesses who were traditionally in bed of the mollahs for decades were so Unhappy. Then others joined the poor, the deprived, the smaller towns and cities. And then you had university students joining. You have a nationwide uprising going against the Iran regime. It expanded to 195 cities in all 31 provinces of the country. And the chance are death to the dictator, death to Khamenei, who is the supreme leader of, of the regime. And down with the oppressor. Be the shah or the supreme leader, making it very clear that the Iranian people, the same way they rejected the Shah's dictatorship, they're fighting to end the rule of the clerics. The only path against, in front of them is for freedom, for democracy, for political, political pluralism. That will happen.
