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David Pakman (1:29)
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David Pakman (1:57)
We're going to start today with a question that only gets more interesting the deeper you look. Is it possible that Donald Trump's Iran war is creating a massive financial windfall for him and his family? Through oil markets and a strange Venezuelan oil arrangement that his administration controls. I'm going to break it all down and then we'll see where we land on it. We then have the targeting of Gavin Newsom exploding now over Newsom's dyslexia. And as soon as you examine the argument, it falls apart. We'll explain why it's a dishonest attack and why, why does Gavin Newsom trigger Trump so much anyway? We also have a shocking special election result in Marjorie Taylor Greene's old district in Georgia. A Democrat actually finished first, but it was a multi way race. And Joe Rogan says Trump supporters are right to feel betrayed by the Iran war. And even Republican Senator Rand Paul is warning that the war, gas prices and the economy could be disaster for Republicans in November. Well, let's hope so. All of that and more on today's show. Is Donald Trump making millions of hundreds of millions or billions of dollars from the Iran war? When you look at the sequence, it's a pretty logical question. Let's go through it. Trump launches a war with Iran. Oil prices spike, shipping is disrupted, the Strait of Hormuz is thrown into crisis. And at the same time, remember that the Trump administration is controlling Venezuelan oil sales through a bizarre arrangement that reporting says Trump himself is overseeing. So that's the setup for this situation. And it very quickly gets very dark. Trump didn't need to seize Iranian oil for there to be money in this. He needed a war that made oil more expensive and he created one. That's exactly what happened. Nicolas Maduro was captured. The Trump administration took control of Venezuelan oil exports and that creates a revenue stream. You've got, it's, you've got oil sales and money that are all real. So when oil prices jump, the stream of income from the Venezuelan oil gets far more lucrative. This is the mechanism, this is not, you know, it's not Trump loading oil onto ships. It's that he has launched. You could launch or escalate, but he has launched a war and escalated a situation that drives oil prices higher while his own administration controls oil flow, thanks to his decision to go and kidnap Nicolas Maduro. So the oil produces more money. And the president who launched the war is reportedly controlling how the proceeds are released. So if this is starting to sound like a setup for corruption, it is. Add in the rest of the information that we have. The public case for the Iran war has been very shaky from the beginning. You know, Trump talked about there's an immediate threat because of nuclear. And the reporting doesn't support that. Marco Rubio's explanation sounded less like we have no choice and more like, well, Israel was going to strike and we wanted to get ahead of the fallout, which is also not a very good justification and that really makes a difference. Because if the official rationale for why this is even happening doesn't hold water, you kind of have to ask, is there some hidden reason for this war? And the obvious answer would be Trump just took control of a bunch of Venezuelan oil and now he's doing something to blow up the price of oil. And even Trump admits he wants it to only be temporary. Now, where does the money go? Good question. Originally, the proceeds went through a Qatar based arrangement, and then it has shifted into treasury managed accounts. US treasury managed accounts. I don't want to overstate this part of it, but the underlying reality is that it's bad enough already without even going further into the speculative part where Trump lines his own pockets. We have an extraordinary oil money setup connected to American military action and very credible reporting that Trump is controlling the disbursements of that money. That should be a scandal like even beyond, is this money that's funneled being. That's being funneled back to Trump now to be responsible? I should say we do not have proof that Trump is personally profiting from that oil money. We don't have the proof. I'm laying out a circumstantial situation. I don't have a bank record to show you or proof of money going into Trump's bank account or something like that. But that doesn't make the question absurd. It makes it sort of a necessary question. Even if Trump is not pocketing a dollar from the oil sales of the oil whose market value he blew up with the Iran war, who is benefiting? Which firms are benefiting, which traders, which donors, which insiders are positioned to make money from the spike that Donald Trump himself caused? And a lot of times, this is how corruption works. It's not like one obvious payment. It's access, contracts, timing, and a very opaque bigger picture. So maybe the cleanest way to put this to you is it's not we know Trump is making millions or billions from the war, but it's, did Trump launch a war that made the oil system that his administration controls a lot more very valuable and someone is making a killing off of that. If not Trump, we've just got to figure out who. The answer is yes. The oil resources became significantly more valuable thanks to Trump's war. Trump clearly knew that that was going to happen. And so you have an environment where for profiteering, corruption, insider benefiting on a massive, massive scale. Totally plausible. Now we don't have real transparency about where did the money go, who controls it, who's benefiting? We should keep asking these questions because very often Ryan Holiday recently recommended to me the book War is a Racket and what history like 100-year-old book almost. When bombs fall and money flows, follow the money isn't really a conspiracy theory. It's just like we've got to do it and the Venezuela Maduro Trump oil stuff connected. Now to the context of this optional and totally harebrained Iran war. It's raising a lot of questions. Let me know what you think. Leave me a comment or send me an email info@david pakman.com California Governor Gavin Newsom recently talked about being dyslexic and Donald Trump is arguing that Gavin Newsom's dyslexia is proof that he cannot be president. But it is an argument that collapses like that the second you look at it. Let's look at Take a look at Donald Trump's post the Truth Social Quote Gavin Newscomb's interview weeks ago was perhaps the most self destructive interview I've ever seen. In one fell swoop he took himself out of even being considered as the presidential nominee of the crazy Democrats. He said in a speech he was dumb, had low boards, can't read, has dyslexia, and has a mental disorder, a cognitive mess. On top of that, black people are angry because he is obviously a racist. While we all want to be politically correct, having a mental disorder is not a positive campaign event. Also, this was a politically suicidal act. The only thing he didn't say is he is losing his look. But nobody wants to say that about one's self. He is no longer a viable presidential candidate. Yeah, Gavin Newsom said he has dyslexia. That's true. He talked about it at his book events. He's talked about it for longer than that. And Gavin Newsom said he struggled in school. His SAT score wasn't particularly high. He struggles to read prepared speeches. He acknowledged that those are difficulties for him. But dyslexia is not a sign of low intelligence. You could be dyslexic and smart or dumb and you could not be dyslexic and smart or dumb. Importantly, you could be dyslexic or not and be a good person or a terrible person. And that's where we sort of focus in on with Donald Trump. The Yale center for Dyslexia, by the way, makes clear that intelligence and dyslexia have nothing to do with each other. A lot of successful people are dyslexic. So taking this seriously to begin with, Trump's premise is very Wrong here. There's no reason you would be disqualified from being president for being dyslexic any more than you would be if you needed glasses or if you had adhd. I don't know. You know, Gavin Newsom was talking about how he learns and how he connects ideas in written form to speech. And that's all it really is. But what's fascinating about this is Trump's hypocrisy. Trump is attacking Newsom over dyslexia, while Trump is regularly confused in public, contradicts things that he says all the time and doesn't seem to realize it, struggles to read. And it's a long, documented thing. Just this week, he said the Iran war is a war and the Iran war is an excursion. He couldn't pronounce Kentucky and multiple time keen tucky, keen tucky at his dilapidated rally a couple of days ago. So the idea that Trump is now policing the cognitive abilities of others is pretty rich. There's also a really simple point that I think is important to make. Reading ability and presidential fitness are not the same thing. When we talk about Trump's limited reading ability, we're connecting it to the contrast between Trump's own claims about how he's the best at everything. Cognitive reading, speaking, thinking, all of that stuff. And there is another aspect, which is Trump is bored of the information that any president should be taking in, no matter how it's presented. When he was given things to read, he couldn't or wouldn't do it, so they would try to brief him, read the thing to him, the presidential daily briefing or whatever. And then in the background, there's a TV on the wall with Fox News, and he's distracted by that. So the simpler point here is Trump is implying that because Gavin Newsom struggles to read prepared speeches, he can't do the job. But Trump struggles to read and isn't doing the job well and avoids his briefings and rarely reads anything. I don't think Donald Trump's read a book in the last 50 years. So by Trump's own standards, he would not be fit to be president. And of course, we know that he's not. Now, let me bottom line, what this is really about for you. Trump is actually going after Gavin Newsom for a different reason. Newsom pushes all of Donald Trump's buttons. Gavin Newsom is younger than Donald Trump. Trump's upset about that. Gavin Newsom is taller than Donald Trump. Newsom is the height that Trump claims to be. Trump really doesn't like that. Gavin Newsom is more articulate than Trump. Gavin Newsom is more comfortable on camera. Gavin Newsom knows how to handle confrontations. He's widely seen as a potential presidential candidate. Trump wouldn't be obsessing over someone that is irrelevant. Trump insists every few days Newsom's done news scum just blah, blah, blah, blah, blah. He means nothing anymore. If that were true, Trump wouldn't be talking about him. Every two or three days, he obsesses over people that he sees as threats. And this looks like Trump sees Gavin Newsom as a threat. If Newsom were finished politically, Trump wouldn't be writing pages a week on Truth Social about Gavin Newsom. What do you think this is really about? Let me know. Here is evidence of a political problem for Republicans. This is a big problem. Republican Senator Rick Scott is admitting prices are going to be up for a while. This is a political disaster for Donald Trump. Take a listen to this.
