Will Barney Global Update. "Cease-fire on life support." 5-12-2026

Added: 2026-05-17

[00:00:01]Hello friends and family around the world. This is Will Barney from En Global Services here with another global update on Tuesday, May 12th, 2026. It's been a lot happening over this last weekend and we have a lot to discuss today. Uh today's uh podcast is called Ceasefire on Life Support. And uh we'll get into some of the meat of that here in a little bit as Donald Trump says the deal is on life support. So, we've got a lot to cover today. We're going to try to knock knock through these uh various elements going on in different parts of the world, how this might be affecting us as we move through this second week of May. So, we'll get right into the slides and get moving here.

[00:00:47]First, in financial news, I want to cover some things uh in the crypto world. Ono Finance uh reported this. Condo connects us by JP Morgan, Mastercard, and Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with Interbank settlement rails. This milestone marks the first time tokenized US treasuries have settled across borders and banks in near real time and outside traditional banking windows. What does this mean? It means that for the first time they've been able to tokenize US treasuries, move them onchain to a buyer outside the country and settle that all within seconds. This is massive. It usually takes days to do these uh treasury settlements. This is huge and this just occurred. So um as of today, amazing things happening uh in the blockchain world. But we're going to talk a little bit more about this.

[00:01:48]In other Ripple news, um, Ripple just secured access to a new $200 million credit facility from Newberger Burman.

[00:01:57]So, take a look at this one.

[00:01:58]>> Ripple just unlocked up to $200 million in new institutional financing capacity through Newberger Burman. In simple terms, this gives Ripple Prime more power to fund large trades across stocks, bonds, forex, and crypto from one unified credit structure.

[00:02:20]Ripple is quietly building institutional financial infrastructure beyond payments.

[00:02:27]>> Now, why is this uh important and why is that interesting and why should we be taking a look at this? Well, it's it's important on several fronts. Okay, first of all, it's important to understand that as we look at how commerce moves throughout the world, anytime you have uh goods and services being delivered to your local store, I don't care if it's a convenience store, a grocery store to Walmart, department store, whatever, every truckload is delivered based upon credit lines. What you're seeing here with this news is is credit lines are now moving to blockchain. And this is big because as we move into the new financial system, we're going to need to be doing this on blockchain with clarity, transparency, and there's even news on the Clarity Act coming. So, this is very big news as we look at um new developments in the new financial system and and where we're headed.

[00:03:26]Uh, Ripple Prime CEO Mike Higgins confirms XRP will be used as collateral alongside Bitcoin in institutional finance. Ripple Prime is the prime brokerage. They bought Hidden Road. It's now been rebranded as Ripple Prime, the largest uh brokerage firm uh in the world online and onchain. Amazing. Let's take a listen to what he has to say here.

[00:03:50]>> Is the assets just dollars or US treasuries? No, it's Bitcoin. It's Ethereum. It's XRP. um it's stable coins, it's tokenized money market funds. Um I think that's going to be the the next step is really when you start to you know tokenize anything of value and use that for um you know for good collateral as margin and for settlement.

[00:04:10]So we're we're still early on in the space. Bitcoin and and and Ethereum and XRP and Salana, these are really no difference between major exchanges and regulated exchanges. But within the complex of crypto, there is hundreds, thousands of coins and many thousands of perpetual swaps against them. Trading that basis between those are are quite attractive from a revenue opportunity.

[00:04:34]So I'd say that um you have a long runway where cross margin is going to still be very advantageous.

[00:04:42]So this is uh uh this is very big news as we're looking at um institutionalgrade money movements very quick in seconds settled quickly and as we get through the market clarity act that is in discussion in the Senate this week. It's actually coming up for vote.

[00:05:02]We'll get to that in a minute. um that's going to pave the way to put law and regulation behind this system allowing mass adoption across all institutions. So pension funds, 401ks, uh many uh stock market companies moving onchain, all of this is coming. And it's coming very quickly and you're going to see XRP used as not just liquidity be liquidity but here also being used as collateral uh in addition to liquidity. So uh big news there. Uh more Ripple news from Brazil. Ripple expands Brazil institutional DeFi push. Ripple's backing a new institutional DeFi infrastructure initiative in Brazil.

[00:05:47]Levy, UDAX, and FGV are joining forces to build regulated onchain liquidity systems. The platform is designed for banks and fintech firms operating compliant trading environments. XRPPL infrastructure will support realtime settlement and tokenized asset transfers. The partnership also integrates chain analysis, compliance, and monitoring tools. Brazil continues emerging as a major hub for digital asset adoption. As you know, Brazil is one of the BRICS nations. Isn't it interesting how all these nations talking about we need to have something other than the US dollar are now adopting all of these new technologies and uh this is all part of the plan. So cool to see.

[00:06:34]Uh Representative Hugh Blackwell shared this video. This is um uh CEO of Ripple, Brad Garlinghouse, in a conversation where he said, "XRP stands out because it was built to work with existing financial systems." Going to let you listen to what he has to say and then I do have some comments about this.

[00:06:53]>> Good to have you. So, what do you think Facebook and all the Libra consortium really have to do to make this good for the world?

[00:07:02]Well, I think at the most macro level, it's been good for the world because it's brought a lot of attention on a set of technologies that really can benefit mainstream banking, mainstream consumer experiences around banking. I think there's a little bit of perhaps arrogance and maybe Silicon Valley arrogance with how Facebook approached this and just kind of somewhat brazenly running into some things without checking some of the boxes. And I I agree with your the intro there that Secretary Minutuchin in order for these technologies to be used well and taken advantage of it has to be done in a regulatory compliant way. We can't expose more risk and you know whether it's terrorism financing whether it's moneyaundering these are things that from its core Ripple really has been focused on making sure we're partnering with the existing system.

[00:07:46]>> Brad Brad what do you mean by arrogance?

[00:07:48]I mean, I know Facebook and Libra, they published this white paper, but they haven't actually rolled out any kind of service or any kind of product yet, and they they said they did this so they could begin a conversation with regulators. What would have been a better way to go about it?

[00:08:01]>> Well, I think Morgan, it's a good question. I think the the conversation with regulators for Facebook started some time ago, and I think they had heard loud and clear some of these reservations, and I don't think really they took the time to address some of them. you know, a surprise to me. For example, in the 28 PE groups that are uh signed on to the Libra white paper, you have zero banks. You know, I think that's just a stark contrast to where we think this world should come from. There is a huge opportunity to change the way financial systems work that is very beneficial to consumers, businesses, etc. But again, it's not work, it's not competing with the banks. You know, David Marcus came out when he announced Libra and said, "This is spells the end of Western Union." You that was a huge call to action to banks around the world that have been watching big tech players that they're fearful are going to come into this space.

[00:08:53]>> So, why did I share this video? It's an older video. It's uh six or seven years old. Actually, the reason I shared it is is to make a point. Ripple is going down this pathway of integrating with the banking system and bringing the banks on board with this new way of doing finance. It's fast, it's efficient, it settles quickly. This is a big deal because as we move into new currency and as we as we get new asset back currency, the idea is not to just turn off banks tomorrow.

[00:09:30]It would literally be catastrophic if that were to happen because we need time to migrate and move on to the new system. So it is better this approach that Ripple's been taking now for many years to integrate the institutions and bring them on board with a new way of doing this so that the banks can be on board. What you're going to have when this launches is you're going to have a lot of people that don't understand digital wallets. they're not going to be able to uh make make sense of how they're they're interacting with their money because they're used to a checkbook, they're used to a debit card.

[00:10:06]So, uh by doing this type of integration that's been going on, we're not leaving the industries behind, we're bringing them along with us to where we're going.

[00:10:18]And I think that that's a important point to make. It's why I share the video. Um, yes, it was shared today by Representative Blackwell, but it is an older video. And I just wanted to uh clarify that the point, however, is very strong. When Facebook started into the Libra project, they were trying to go go it alone without banks. And so what you had Brad saying is not a good idea. And back then banks were very important. They still are today. And it won't be until we move uh mass adoption wise onto the new systems that we can begin to reduce our dependence on the banks. In the meantime, uh it doesn't make sense to alienate what's working just because you want to adopt new technology. And that's why I like the way that Ripple's handling this. They're not saying, "Let's alienate what's working for us.

[00:11:16]Let's bring everybody into new technology together." I think it's a um an approach that makes sense and and common sense is is important here.

[00:11:27]Donald Trump is not interested in decimating the economy and wiping everybody out. That's not doesn't look good for him politically. Doesn't look good for him optically. And so as we move through these changes, I expect there to be a a major move.

[00:11:45]We've heard from um Paul Atkins, the head of the SEC, numerous times in public statements saying all of stock market will be on chain within 24 months, 12 to 24 months. So, as you bring these stock market companies and these stocks onto chain, you're tokenizing that system onto chain. Now you're bringing transparency and clarity on the ledger, allowing uh people to interact, buy and sell. And what he said this last week, and I should have brought the video with me. I'm sorry I didn't, but what he said this last week is they're looking at doing T plus 0.

[00:12:27]Now, it used to be T plus three. What does this mean? It means trade day and then allow three days for final settlement through the banks before the deals really consummate. T plus zeros means trade and settle now instantly. That's what blockchain is going to do. It's going to allow trades to move at a speed that was never possible before. And that's why I think you're going to see mass adoption this way. I also think it's going to clear out the opaqueness, the um the backroom deals, the naked shortselling that was going on because the ledger shows who owns the stocks.

[00:13:09]You can't pretend to own a stock just because you're leasing it from somebody for a little while. That's a naked sale, short sale, uh trying to play the game of the price. No, that won't even be allowed on blockchain because there's full transparency.

[00:13:26]So I think as as we move each of these uh industries into this transparent system, we eliminate a lot of the fraud.

[00:13:37]We eliminate a lot of the speculation and and we get down to facts and truth and and that's ultimately what everybody's looking for, particularly in financial transactions, is does the party on the other side of this transaction have the wherewithal to consummate this and finish the deal? the system actually can tell you that entering in a smart contract. You don't have to guess and just hope they pay you on Friday. So, uh big deal. Uh I think that a lot of this is important as we look at new ways of interacting and doing business. The fact that we saw US treasuries move via tokens close and settle all within seconds across borders is is a milestone we've never seen. I've never seen it in my uh career in industry. So this is uh incredible and it means we're we're making great progress in the adoption of this new financial system. Let's get back to our slides.

[00:14:39]Okay. Uh Brad Garlinghouse, one more video here and I want you to hear what he has to say here. This is about needing clarity, regulatory clarity. And this is going to lead into our discussion about the clarity act. Okay, here we go.

[00:14:54]>> What do we need this industry to thrive?

[00:14:57]We need regulatory clarity. We need lots of utility. We need to be solving problems at scale, not experiments, not possibilities. But look, I I look at the excitement. Maybe you heard some of that on this stage in the past two days around tokenization. I look at uh I I just think if you zoom out and look at what are the next five or 10 years look like for this industry, I'm extremely optimistic and I think uh people will be surprised. You know, there's a there's a Silicon Valley expression that people often overestimate what's going to happen in 5 years but underestimate what happens in 10. there are, you know, kind of macro exponential forces that I think really uh will continue to catapult this industry.

[00:15:40]>> So, clarity and regulations what really what we need. Senator Dave McCormack um who's on the Senate Banking Committee.

[00:15:48]So, he is part of those that are um trying to get this approval done of the the digital asset market clarity bill um done. and he had a conversation with Maria Barto Romo a little bit about this and what's coming. They're actually going to be voting on that on Thursday.

[00:16:08]So, in two days, the committee is going to be voting on it. Once it clears committee, then it can go to the floor for the Senate's vote. Uh once that's finished, it probably will go back to the House for um revoting because there's been some markups, some write up, some uh some adjustments. But let's take a listen to what he has to say >> with regard to the Clarity Act. Listen, I think we're I think we're on the verge of uh of an agreement here. And uh I think this is going to be very necessary to ensure consumer protections to ensure certainty for an industry that's burgeoning. We want to make sure it happens here in America, not offshore.

[00:16:45]And there's been great leadership by a number of uh of my Senate colleagues, uh Senator Hagerty, Senator Lumis, Senator Mareno, who I know you have next. uh that leadership I think has put us in a place where we can hopefully have an agreement here shortly.

[00:16:58]>> So this is fantastic news. We've been waiting months and months. Now if you remember the uh House passed the uh Clarity Act uh and bill and they sent it to the Senate last July.

[00:17:16]It's been 10 months. Is that not amazing? 10 months. Here we are still waiting for it. Now suddenly they're going to get it done. I think there's a been a real timing to all of this. And what I what I mean by that is I think it was necessary to do this in time for the coming shift that's going to go on with the the financial system and and what um is is rolling forward from the Treasury.

[00:17:45]However, not to do it too early because there was all these other issues that needed to be sorted out because everything's kind of moving along a trajectory and it needs to arrive there together. So, um, a good example of that is Venezuela, Iran. this kind of needed to get into a place of settlement. Iran particularly because if you try to change the financial system and you don't have control of that weaponry, it's going to be dropped on the heads of everybody that tries to change it. Why?

[00:18:19]Because the bankers that have built this entire infrastructure are controlling that. It's that it was their private army. They could use that to create terror and confusion and everything else around the world and keep things unsettled. So they stay in power. Now that that's been uh eliminated, nearly wiped out, it paves the way where this financial stuff could now start moving forward. And I think we're going to see a lot happen throughout the rest of May and into June that is in preparation for coming announcements uh perhaps as soon as the 4th of July. The Treasury has indicated uh in the end of March its um press release about new currency that that currency would be issued on the 4th of July and that would bear the signature of the sitting president and Scott Bessant as well. This would be the first time a sitting living president would have a signature on the currency.

[00:19:15]Um it's been done by previous presidents but it's never been the current sitting president. So this is a first time in history event that is coming uh coming up here and I don't think it's uh insignificant.

[00:19:29]If you read the press release, it says nothing about the Federal Reserve. It just talks about American currency, American money. So this could be an indication that we could be getting a major financial shift come the 4th of July. We also know that that day is the day that the Trump accounts for the children go live. So all children under the age of 18 would be eligible to receive a tax uh tax-free uh account where your funds can grow and earn interest that can help that child of course when they come of age. Um, if you don't touch it and you maximize the potential there, it could potentially be over $400,000 by the time you reach retirement, which would be significant for people. So, uh, really cool the things are going on. This is all moving very fast now. It's really gaining speed. And I wanted to cover some of his financial news today because I thought it was, uh, incredible what's happening.

[00:20:29]Let's, let's move to the next one here.

[00:20:31]Um, oh, this big news that happened today. Kevin W has been confirmed by the Senate. New Kevin Walsh clears the Senate to take the seat on the Federal Reserve's board of governors and now the spotlight shifts to the Fed's top job.

[00:20:47]Trump pick was confirmed 51 to 45, pushing past early doubts about whether he had the votes. The Senate is expected to fully confirm Wars on Wednesday, that's tomorrow, ending months of high stakes drama over this Fed nomination to replace Chair Jerome Pal, whose term is set to end May 15th. So, what happened today was they um nominated him for the uh for the board, the the Federal Reserve board. Tomorrow will be the vote for the chair position of the board. So, it's a it's a formality process that uh we have to go through here. But, uh congratulations, Kevin. Uh I think he'll be there to oversee the um what will probably be the retirement of the Federal Reserve.

[00:21:37]Eric Doy shared this uh coming from uh our uh representatives uh Greer uh who is who is uh dealing with trade negotiations and tariffs.

[00:21:50]and he's talking a little bit about the amazing amount of money that we've been taking in due to uh this change in tariff policy. Take a listen to what he had to say here.

[00:22:02]>> And if you look at January, February, and March of this year, US exports were over $300 billion in each month. Those that those are the highest figures in 250 years of American history. Uh each month beating the record of the previous one. Uh this doesn't happen organically.

[00:22:19]This is something that comes from all the deals that President Trump has been striking.

[00:22:25]>> So what does it mean? It basically means that all of the last 15 months of preparation and setup has laid the groundwork not only for the the tariffs have brought manufacturing back home to America. Factories are being built on an epic scale. There is thousands of construction jobs that were created just in these first few months of the year building these factories. They have to get them done within a 4-year period of time or they miss their tax incentives.

[00:22:53]So there's a big huge effort to do these factories. But what you're seeing is a result of this output of uh production is massive income. So as the US exports its goods because of the factories over 300 billion record setting numbers never before in history have we hit those kind of numbers within each month. So uh phenomenal I thought it was good news uh that America is is the policies are working the trajectory is moving the economy is strengthening. Let's take a listen to uh what we have here in front of us. This is Secretary Bergam talking about he is head of the interior. So he's the one that's um over all of the federal lands dealing with the the oil the oil leases and the mining leases and all of this. He says the US right now is the most energy secure and energy affordable nation in the world and President Trump is playing a geopolitical game that includes Venezuela stopping China from buying cheap Venezuelan and Iranian oil. Uh take a listen. Well, this is uh one of many ideas that President Trump or the Trump administration is pursuing, but again, we should just start with the fact that uh the US right now is the most energy secure, most energy affordable nation in the world. And President Trump playing a a geopolitical game uh which includes, you know, Venezuela stopping China from buying cheap Venezuelan Iranian oil. uh the work that he's doing, you know, to build a coalition around the world, whether it's uh opening the straight or on critical minerals. Uh you know, heading into the summit this week, President Trump's in the strongest position of any US leader ever going into a discussion with China. Uh and again, it's there's a you take a look at the economic numbers, the United States happening right now uh that came out last week. Uh the US economy is strong. China's economy is faltering. Uh it's just a great spot and President Trump's leadership is putting us in a great spa place to come out on top uh this year uh in the very near future.

[00:24:56]So good things going in in preparation to Trump's trip over there. They've just uh got on board the plane. They left this afternoon. They're headed to China.

[00:25:04]Now I'm going to touch on that subject just a little bit later, but I wanted to bring up uh Venezuela before we get off of this slide. Um, you know, we've had a regime change essentially, okay, occur in January. Uh, the they're working directly with the US to to increase oil production coming out of that country and comments have come up the last 48 hours. Uh, President Trump even making this statement, well, we should just make Venezuela the 51st state.

[00:25:40]Well, he doesn't throw things out there for no reason when he says things like this. Th that would be very interesting thing to occur. Um, Venezuela sits on one of the largest oil deposits and Trump has been using defense production act to massively expand oil production here in the states. It would it would completely change the trajectory of energy globally if that were to occur.

[00:26:09]It would also free the um people of Venezuela to have all the same freedoms, rights, and everything that we enjoy here in America, which would be uh an incredible, fascinating thing if that were to occur. We'll watch and see if he mentions it more. Trump has a tendency to throw the crazy out and then follow it up a little bit later and then follow it up a little bit later if he's really going there. And he he doesn't just say it one time. He'll he'll say it several times if we're going there. So, we'll watch and see if he continues this rhetoric or if it was just a uh just a crazy thing to say in the heat of the moment.

[00:26:48]Hello, George posted this. Listen very carefully. Our country was stolen in 1913. There was a question asked to Trump in during this uh particular press conference that you're you're seeing here. and he talked about what happened to our country in the 1800s and and in 1913 when the Federal Reserve took over and ended tariffs. Take a listen to this. There's there's actually some really good history here and it's poignant for the discussion today.

[00:27:16]>> You talked about how historic these tariffs have been bringing revenue, additional revenue for our country.

[00:27:21]You've also mentioned before they could possibly replace federal income tax.

[00:27:26]>> Possible.

[00:27:27]>> Do you think Do you think that's >> someday? It's possible. It used to be.

[00:27:30]So if you go back to uh 1913 is when they ended tariffs. We were the richest ever from 1850.

[00:27:38]It was all tariffs. We didn't have income taxes. From 1850 to 1913 in the uh 1887s about 1887 they had the great national tariff act and it was a group of people that got together because our country was so rich they didn't know what to do with the money. We had so much money they didn't know what to do. It was a group of uh very prominent people that were set up to hand out money to everybody because we were the richest we ever were. Proportionately we were in 1887 around that time even in 1913. Uh we ended them in 1913. How did that work out? And then we went to the income tax system and then we had the depression.

[00:28:25]And by the way, a lot of people try and say that, oh, tariffs with the depress.

[00:28:28]No, they ended in 1913 and then we went to income tax and then in 1929 you had the depression. They did try and bring it back in 193132, but the depression had long started and uh and this poor beautiful nation was gone. It was gone.

[00:28:45]We suffered for 25 years. Took 25, 30 years to really recover from the depression. Uh and we don't ever want to see that happen again. Uh the tariffs are vital to the success of this country. When I say I ended seven wars, at least half of those wars were ended because of the power of tariffs. I was able to So he's given historical context here as to why income tax isn't needed when you have tariffs to uh balance the budgets and take care of the country. Again, reiterating uh the importance of this and it's been done historically. This isn't like he started something new.

[00:29:21]He's just bringing back what we've done before. Moving on to Iran news and we've got a couple things to cover here. First off, One American News reported this.

[00:29:30]President Trump says a potential ceasefire deal with Iran is on life support. And he did say that. Let's take a listen.

[00:29:37]>> After reading that piece of garbage they sent us, I didn't even finish reading it. I said, "I'm not going to waste my time reading it." I would say it's one of the weakest right now. It's on life support.

[00:29:50]President Trump says a ceasefire with Iran is on life support after rejecting their response to the US peace proposal.

[00:29:58]Trump labeled Iran's response as a piece of garbage Monday, adding he didn't bother reading their entire document.

[00:30:08]The president highlighted Thran's latest letter to Washington did not include any commitment to abandoning nuclear weapons, saying the regime constantly backpedals on agreed positions mid negotiation. He's reportedly meeting with his national security team to discuss the way forward which could include military action.

[00:30:32]So, looking at an additional military action there in Iran, uh to a follow-up to that, um take a look at what's going on here with the UAE. The UAE was fired upon just a couple of days ago by Iran.

[00:30:46]There's supposed to be a ceasefire, right? Yet, they're firing on the UAE.

[00:30:50]And what did they do? They hit oil targets within that nation. Now, the UAE is saying, "Okay, the gloves are off.

[00:30:58]You're going to hit our stuff. We're going to go after your stuff." And the UAE has been uh launching their own missiles against Iran and now they've actually entered the country. So they've gotten into the conflict now with boots on the ground. Take a listen. Reporting from the Wall Street Journal that forces from the United Arab Emirates are carrying out military strikes inside Iran. Fox is told that the UAE forces are directly engaged inside the Islamic Republic and have been for several days.

[00:31:28]This comes after Iran launched dozens of missiles and drones at the UAE during the conflict.

[00:31:36]>> So, uh, it's not just the US anymore right now. It would Iran really messed up when they started launching attacks to all of its neighbors in the region.

[00:31:47]It tells you though that the IRGC, they they weren't about their country.

[00:31:54]like anybody that loved their country.

[00:31:56]If you were Iranian and you loved your country, you would not inflame your neighbors and and make them an enemy if you expected to live through this.

[00:32:10]So, it tells you what I've been saying all along, and that is that the military of Iran has no allegiance to the country, has no allegiance to the people. It has only allegiance to the city of London and those who finance their operations who could use that military to keep us from moving on with uh uh other financial opportunities in a new financial system. So, uh, very fascinating as we're now seeing this play out week by week and, uh, you we're going to see a little bit more of this.

[00:32:46]Um, take a look at this. There's some more video here. This is the UAE carrying out strikes on Iran. Uh, they hit some some uh amazing targets and this is going to really slow Iran down.

[00:32:58]Take a look.

[00:32:59]>> Fox, the UAE, can you believe this? has been secretly carrying out attacks on Iran in response to strikes on its energy infrastructure. Good for them.

[00:33:07]Excellent.

[00:33:08]>> Chief foreign correspondent Trey Yanks is live in Tel Aviv with the very latest. Trey, what do you know?

[00:33:13]>> Yeah. Hey guys, good morning. The Middle East is bracing for the possibility that the region returns to war in the days ahead. Iran's parliament speaker Muhammad Khalibah posted to X overnight saying our armed forces are ready to deliver a well-deserved response to any aggression. Mistaken strategy and mistaken decisions will always lead to mistaken results. The whole world has already figured this out. We are prepared for all options. They will be surprised. The threatening language comes after President Trump rejected the the Iranian response to the US peace proposal, calling it a piece of garbage.

[00:33:46]As he indicated, the ceasefire is on life support.

[00:33:50]>> It's unbelievably weak. I would say I would call it the weakest right now after reading that piece of garbage they sent us. I didn't even finish reading it. They said I'm not going to waste my time reading it. I would say it's one of the weakest right now. It's on life support.

[00:34:09]>> Still believe a diplomatic solution is possible with Iran or do you only have military options? No, I I think uh it's very possible.

[00:34:19]>> President Trump also indicated that Iran made commitments about the buried uranium and then didn't include those commitments in their response. Iran's foreign ministry spokesperson said this on Monday.

[00:34:32]Therefore, everything we proposed in our text consisted of reasonable demands, responsible proposals, and generous suggestions, not only for Iran's national interest, but also for the good, stability, and security of the entire region and the world.

[00:34:47]>> We're also tracking reporting from Fox's Brett Bear that indicates the UAE took part in the war, striking Iran's Leavon Island around the time the ceasefire went into effect last month. Here in Israel, more cargo planes and refuelers are landing each day as the country prepares for the possibility that combat operations resume.

[00:35:06]>> Have you heard?

[00:35:08]>> So this is this is fascinating. So we have u epic fury wiped out a lot most of their military, sunk all their navy.

[00:35:20]Uh now we have a ceasefire so that we can come to a deal. It looks like they're not wanting to um be honest in the negotiations. Now, the UAE is entering this. I wouldn't be surprised if the Saudis and others get involved.

[00:35:34]Um it looks like this is going to have to be done. You know, Donald Trump says we hold all the cards and whether it's settled diplomatically or it's settled militarily, it will be settled. I don't I don't think there's any way that Iran comes out of this thing. They're going to have to take the deal regardless.

[00:35:54]Um, we have Iran very much under control. Listen to what he says here because he makes it really clear.

[00:36:01]>> We have a lot of things to discuss. Uh, I I wouldn't say Iran is one of them to be honest with you because we have Iran very much under control. We're either going to make a deal or they're going to be decimated. So, one way or the other we win.

[00:36:16]>> They make a deal or they will be decimated.

[00:36:20]Uh, unbelievable uh what we're seeing from Iran. So when you deal with um really really bad people, they have this attitude that if we can't have control, burn it down so nobody can have it. It's it's it's amazing and that is not helpful for the people. There's a little more to this story here as the people are trying to they would love to rise up, okay, against this regime that has enslaved their nation for 47 years.

[00:36:54]However, they don't have the guns and uh Donald Trump has did something about this. Trying to use the Kurds to be the delivery mechanism for guns didn't go very well. Take a look. the level of ferocity for protest. You know, the the people are watching it. They want to go out on the streets. They have no weapons. They have no guns. We thought the Kurds were going to give us weapons. But the Kurds disappointed us.

[00:37:20]The Kurds take take. They have a great reputation in Congress. Congress says, "Oh, they fight so hard." No, they fight hard when they get paid. So, I'm very disappointed in the Kurds, but they were given I I said it wasn't going to work, by the way. I just have to say it. I I I disagreed with what they did. They gave it I said they'll never get there. And I was right. I like to be right in this case. Too bad. But uh we sent some guns with ammunition and uh they were supposed to be delivered, but they kept it. I said they're going to keep it. But what what do I know? I've only been doing this a short period of time. What do I know? Go ahead.

[00:38:00]So, the Kurds kept the guns instead of delivering them to Iran for the Iranian people so they could rise up against their totalitarian government. Didn't work out so well. Uh, is there going to be another attempt? We'll have to wait and see on that.

[00:38:14]uh in uh hearings today uh in in Congress, we had the Secretary of War and we had General John Kaine who is a head of the Joint Chiefs of Staff and they were asking him questions about this Iranian thing and could this be solved and take a listen to his response about that. Is it possible to keep that strangle hold on with the blockade even though you know the tyrants uh the IRGC won't give up right away and secure the straight of Hormuz while we continue to put that pressure on them for a result that can work for this country and the world and that's enforcable and I'd like you to give me some more color on that both you gentlemen. Sir, I'll I'll uh I'll uh take a uh take a moment here and and talk about pressure. And what you're really alluding to is is what the entirety of the inter agency is working on with a hat tip toward Secretary Bessant, Secretary Rubio, and the rest of the inter agency. the totality of total pressure which the military element is just one component on uh is what uh the the regime in Iran is feeling right now and I I think there's no shortage of ability to hold that pressure. The decision on for how long to hold that pressure is of course a political one and within our civilian leadership. But but I I would uh um highlight that they are absolutely feeling that pressure not just from the blockade as the secretary talked about but the continuation of sanctions that Treasury and others have put on there.

[00:39:54]Uh and we retain a range of military options.

[00:39:59]>> So there's a lot going on here with this Iranian conflict. Um, we have more ammunition, more planes, more guns than ever before in the region. We're actually, the US is in a stronger position than it ever was going into this thing from the get-go. Uh, I think it will be ended. I just hope it's not ended in a way that makes it even more difficult for the people of Iran to recover after this regime has been changed because but it does look like I mentioned last week regime change is coming. We do expect it and uh it's probably going to primarily be driven from within. Donald Trump would prefer the people initiate the regime change rather than coming from without which I think is a better scenario as well.

[00:40:46]Trump is uh left for China this afternoon and this is going to be an interesting trip and I wanted to touch on a couple things about this trip as he got on board the Air Force One. He hasn't been to China to meet with Xi since 2017. When he went there before some very interesting things occurred he and Melania visited there and he and Melania were invited by Xi to the Forbidden City. the only Americans ever in history to go there. What they discussed, no one knows.

[00:41:22]That was a private conversation. We're all curious if he's going to get another trip to the Forbidden City. We don't know. But, uh, he's bringing with him some passengers. So, let's take a look at this. Uh the president is bringing along a bunch of successful billionaires from America who have done some some great business to join him in this trip and uh very interesting as we watch Newsmax covered this a little bit and talked about this and I'll let you watch this a little bit segment from them.

[00:41:53]>> All right, Alex, thanks for that live update. We'll take folks back there live when we see the president expected again to depart and speak to reporters. Thank you. Let's bring in our panel. prominent journalist Rich Lowry. He's the editor of the National Review joining us today and he's also author of the book The Case for Nationalism. Also pleased to have former deputy national security adviser Victoria Coats. She is the vice president of national security at the Heritage Foundation. Uh very busy day and an important trip ahead. I want to start with you Victoria and China. As we see President Trump leaving, he is bringing all those big names in business with him. Elon Musk as we mentioned Tim Cook but also Black Rockck's Larry Frink and Boeing's Robert Kelly Ortberg we have the picture here of some of the major players so when you look at sort of the strategy we know that there is China sort of dominating the rare earth minerals AI chips electric vehicles but something that our uh president is very aware of and how to kind of level set if you will. So besides the business, we know that there's also going to be talk about trade, Taiwan, and of course Iran.

[00:42:58]How do you see him completing all of these? And which one do you think will net the biggest win for President Trump on the back end?

[00:43:04]>> Well, great to see you, Bianca, and you too, Rich. Uh, this is a momentous trip and obviously the president is doing a major flex by bringing this collection of extraordinarily successful billionaires with him. And the contrast couldn't be more dramatic with communist China where they put billionaires like Jimmy Lie in prison and you know they try to stifle that creativity and instead we're seeing from the United States you know a physical demonstration of the power of our economy and these and these top figures. So I think that's a critical message. Now on Taiwan I do think the president really wants to avoid a conflict. You know, we have a recent study called Tidal Wave at Heritage that indicates a conflict with China would cause a 10% contraction of the global economy immediately regardless of what happens. We want to avoid that, but to do it in from a position of strength. So, we're not conceding anything to China. We're just managing any potential conflict. I think that's what the president's main takeaway will be.

[00:44:06]>> So, a lot going on here with this trip to China. This is going to be fascinating. And we have a representative from the uh the White House here who gives a little more color about this trip and the importance of it. Uh take a look.

[00:44:20]>> White House is very excited about this trip. It's kind of almost I don't want to say a vacation, but it's a very pleasant diversion from some of the other issues that they're grappling with. And they're very proud of the trade agreements that are going to be signed. Uh it's expected that China is going to agree to buy 500 Boeing 737 Maxes which will be built here in the US and then finished the interiors will be finished in China. There'll be commitments for China to buy agricultural goods which is always on top of the mind of Trump and his relationship with today with our farmers. And China's also going to agree to buy energy and they're going to agree to a China US board of trade to resolve uh our diff trade differences in real time. There'll be a China investment board which will be Chinese investments in the United States. And there's also a chance that they will establish an an artificial intelligence hotline >> to resolve issues dealing with that issue too. Terrence, >> they've got a lot on their plate here.

[00:45:25]So, let's see. Let's see how these agreements go with signing these agreements with China and uh improving trade uh negotiations there.

[00:45:35]Let's look at some of the other news and developments.

[00:45:39]Uh first off um at the uh hearings today uh as I mentioned our secretary of war Pete Hegith was there as well as Dan Kaine. We saw a little bit from Dan Kaine. Now we're going to hear a little bit from uh our Secretary of War Pete Hegsith about what the military is doing to expand and help industry within the United States. In other words, there's been this big push by the uh Department of War to only buy American goods, to not buy from any other country. and uh uh that has actually uh moved quite a bit of industry and and encouraged investments, private investments into many of these industries outside of the government contracts. So very interesting what we're seeing here. Take a look.

[00:46:24]>> Over the past year, through historic multi-year procurement agreements, smart business deals, we have sent ambiguous demand signals to our industry partners to build more and build faster. The result has been a surge, a revitalization of our great American factories and massive reinvestment in the skilled American workers who serve as the industrial muscle behind our warriors.

[00:46:52]So, it's been it's been really big.

[00:46:53]There's actually been billions of dollars of private investment going into many of these industries. In the past, some of these companies didn't have the courage to go forward and invest in their countries on a private basis or take out the loans. Instead, hoping the government would give them the extra money they needed for their uh expansion and and development of their company.

[00:47:15]That has changed under Pete Hegth as he said, "Look, we're not going to fund your expansion. You're either going to do it yourself because you want the contracts with us or you're not." And so now these companies are going ahead and they're investing in themselves so they can win these contracts from the Department of War.

[00:47:35]Uh boom. In a massive move, the Trump Vance administration announced that as a national security measure, it's canceled the visas of a staggering 80,000 people from other countries. This was amazing.

[00:47:47]Okay, don't come to the US and mess around because your visa may be revoked.

[00:47:53]Take a look. And Brett, this just breaking right now. Uh the Secretary of State and the State Department are announcing that they have revoked 80,000 visas, American visas in the year 2025.

[00:48:05]So far, we get a partial breakdown of those. I will read a couple to you.

[00:48:09]16,000 visas revoked for DUI, uh 12,000 visas revoked for assault, and 8,000 for theft. We also know about 8,000 student visas for foreign students studying here in the United States have been revoked.

[00:48:23]We're going to get you the full breakdown on those numbers, but there you have it for now.

[00:48:27]>> So, what was happening with these uh college students is they were protesting against the country and uh the Department of State.

[00:48:36]Secretary Rubo says, "Look, if you're going to protest against the country, you shouldn't be here." So, he's revoking visas, sending them home. Very fascinating. We have a completely different policy in place here now than we've had in previous years. In uh other news, the importance of the uh Dr. Oz on the importance of the Trump administration's actions to root out fraud in healthc care. He's been doing some amazing things. Listen to the extent of this fraud, particularly coming out of California. Crazy.

[00:49:07]>> I'm going to put in context everyone can get real clear on. One in three hospices in the entire country are in Los Angeles. Not California, just LA.

[00:49:17]Remember, hospice was designed 40 years ago to take care of people dying of cancer in their last few months of life.

[00:49:24]You're supposed to ideally enjoy those lives with dignity in those last few months. Instead, in California, the atrocities continue every time I go there. I was there this past uh week again with this time with DEA agents.

[00:49:36]They're trying to open up MacArthur Park where, you know, the Sinoa cartels basically set up shop. By the way, we discovered 19 kilos of fentinel. That's enough to kill 190,000 Americans. And again, this is all taking place under the nose of the of the current leadership of California. But the hospice fraud, it's not just about stealing money. They're stealing your life. They're taking away your health.

[00:49:57]They're stealing from our most vulnerable in ways that are so reprehensible. I would have thought that alone would have been morally compelling enough to act. And here's the the deal for anyone just worried about the money part of it. If we take the fraud out of Medicare, just Medicare alone, we would double the life expectancy of the Medicare trust fund. Which means if you're working right now and you're worried about Medicare being there for you or if you're on Medicare now and you're worried that it might have some financial issues, we will double it life expectancy if we just took the fraud out of the system. In aggregate, Medicare, Medicaid, as the vice president was speaking about in that earlier clip uh with Nick Shirley, it's about hundred billion dollars that we're looking at now that we can bring back into the treasury. And so I'm compelled both to do the job as CMS administrator that the president has put me in charge of to get that money back or never leave it leave the building so that we don't get foreign countries taken advantage of this. But we also have an obligation to protect our most vulnerable to not let these fraudsters corrupt the very foundation of our social safety net system.

[00:50:54]>> Uh thank you Dr. Oz for all the work you're doing to root out the fraud in this system. I think it's important for the uh security and well-being of of the country going forward.

[00:51:05]Nick Shirley went to Cuba and while in Cuba he was doing a little looking around. He had some challenges. He he had trouble getting he almost didn't get out of there uh visiting there but that's another story. But while he's there he's looking into the oil and gas situation to see what was happening. And I'm going to let him explain it in his own words. Uh Cuba's in trouble. They're they've got a problem >> here in communist Cuba. There's absolutely no gasoline whatsoever. When the United States captured Maduro, that then cut off the supply of oil and gases. Venezuela was the primary supporter of Cuba. Now, the United States has a blockade around Cuba, and there's no gas in all of the gas stations. I mean, look at this. They are completely empty. You can't even make an attempt to get gas here. In fact, if you want to get gas, you have to then sign up and get permission from the government. We talked to a taxi driver today and his position to get gas. He is 12th hundth in line to get gasoline here inside of Cuba. If you ask me right now, I think this is all a strategy, a Trump administration to make a push to then seize Cuba. You see, Cuba is already communist. They already have control of things like the markets such as food and the resources that the people in Cuba can get. Right now, they're starving.

[00:52:25]There's a humanitarian crisis going on.

[00:52:27]Seven out of 10 people here in Cuba are not eating three meals a day. They also control the information that comes in and out of the country. So they therefore control the communications. So right now you have their food that's controlled their communications and now the United States is now controlling the gas and electricity to come into the country because without gas and without oil it's very hard to have electricity.

[00:52:50]And right now they have blackouts each and every single day. And right now in Poly Market, there's actually a 45% chance that there is some sort of inter intervention between the United States and the military of Cuba. Things are getting very interesting here and this is something everyone should keep their eyes on.

[00:53:08]>> So I want to make just one comment about this because Marco Rubio is actually weighed in on this topic of Cuba. Cuba could purchase the oil that it needs uh for their their uses. What they were getting is free oil from Venezuela. Now they're having to pay full price. And if any of you noticed the price of oil, it went through the roof under Iran. They don't have the money to buy it.

[00:53:36]They don't have it. So they're not getting the free handouts from Venezuela anymore. And now they don't have the money to buy it. And it's an escalated price at the present moment. So Cuba's in a really bad spot. Uh, I think there's going to be additional conversations going on with the United States and Cuba about the leadership there perhaps uh retiring uh to some beautiful island and allowing the country to go back to the people. We're going to have to see how Cuba plays out here.

[00:54:06]In uh News of Canada, I wanted to share this. Alberta lawyer Jeff Roth drops truth bombs that he's met multiple times with senior Trump administration officials uh in this particular uh interview with America First Now. Watch the interview short. Can you understand how on the face of it, Canadians would view some Canadians outside of the ones that support your cause who are not necessarily unempathetic to the the frustrations expressed by people in this province, but who would view the idea of, you know, people here meeting with a government that has, you know, spoken the way it has about this country as a whole as problematic and and seeking money to make >> I understand that there's a lot of Ontarians and people in Quebec that suffer deeply from Trump derangement syndrome, but we're not doing anything unourred. It's absolutely, you know, from our perspective, we're just conducting due diligence on behalf of our fellow Albertans. We're serious professionals. I mean, I'm, you know, I've argued cases at the Supreme Court of Canada for goodness sake. I mean, you know, we take what we're doing very seriously and obviously the attitude of the United States towards Alberta independence, which incidentally is overwhelmingly enthusiastic, um, uh, is something that informs our movement going forward. If the United States said, "Oh god, we can't tolerate that."

[00:55:21]flies in the face of, you know, the communist new world order. Uh we'll slap a 300% tariff on Albertans if they leave because we want you to remain resource slaves of the communist government in Ottawa. Uh you know, it would be a totally different conversation, but that's not the case. We're gratified that it's the case. And quite frankly, the Trump administration shows Albertans far more respect than is shown to Albertans by the government in Ottawa.

[00:55:44]Do you think three of us could get a meeting with Tim Hodgson to talk about the need for a pipeline to the Pacific Northwest so that David Eie can't continue to hold us hostage? Of course not. Because they want us to be held hostage.

[00:55:56]>> So, you know, so I understand that there are Canadians that are upset, especially in Ontario, that when Alberta leaves that Ontarians for the first time in their lives are going to have to pay their own bills and pay the bills of the Maritimes that we've been paying for years. I understand that's upsetting to people, but they need to understand that Albertans are done. we're leaving and there's no more conversation to be had.

[00:56:14]I know that's upsetting to people.

[00:56:16]>> Do do you believe though that the the motivations of the people you're meeting with or in the Trump administration are altruistic? Like do you think they want what's good for you and people who support your cause or do you think that they're trying to leverage this to get the upper hand against the country as of Canada as a whole?

[00:56:30]>> I've studied foreign policy at a at the university level. I have an honors degree in political science and I have an honors degree in law from the London School of Economics. Don't you think that communist Ottawa is leveraging communist China against Alberta? I mean, come on. I mean, you know, we live in the world of real poly.

[00:56:46]>> You don't mind being a pawn in that fight?

[00:56:48]>> We're not a pawn. I mean, we're talking to them about our aspirations and we have our goals and objectives. So, you know, we're not a pawn. We're actually more like a uh you know, a rook or a queen on a chessboard moving forward in the direction that we want to move freely on the board. You know, the the pawns are the provincial premers like Danielle Smith that are being manipulated by Carney and Eie and communist China to do their globalist bidding. You know, as far as I'm concerned, >> when you mentioned that you've met with people in the State Department, you feel as though that message has being conveyed to Scott Descent. That's why he made the comments he did. How high up are the meetings that you're taking? Are there names, for example, of people that you're meeting with that we would recognize offh hand?

[00:57:26]>> Uh, I'm I'm not sure about that.

[00:57:28]Probably. I mean, we're meeting at a very high level. people in our meetings are going, you know, direct.

[00:57:32]>> Stephen Miller, >> I'm not going to say. I mean, we're not Well, we're not because we're not we've have an agreement with the people that we're meeting with that we're not disclosing the identities of the people that we're meeting with. So, >> why not? May I ask?

[00:57:43]>> Well, because it's an agreement. So, that's all.

[00:57:45]>> But, but do again, like, would it be reasonable to question the motivations of of making that?

[00:57:50]>> Well, that's probably why we're not talking about it. We don't want them being bothered by people from the press in Canada asking them silly questions.

[00:57:57]They don't want to be wasting their time answering questions from the press, right? And uh we're fine with that. We don't care. I mean, we know that we know already that our meetings are paying dividends when the US Secretary of Treasury is announcing the fact that the US would be open to a pipeline through the Pacific Northwest to take uh David Eie and communist China out of control out of control of the Alberta oil field.

[00:58:17]>> May I ask then in a different way, have there been conversations, you know, among yourself or people in the movement with, for example, as high as President Trump? No. Well, I mean I I haven't I'm not sure about uh I'm not sure about David Cameron. He's not really part of our movement and part of what we're doing. He's the leader of the Republican Party of Alberta. Um he claims to have been to Mara Lago and you know whatever.

[00:58:39]Uh you know, we don't need to meet with President.

[00:58:42]>> It looks like uh Alberta is set at least uh for that particular party on getting out of Canada. Very fascinating. And um what's interesting is just within this last week, President Trump signed the authorization to continue the XL pipeline that's going to run a pipeline all the way up into Alberta, bringing those oils and fuels all the way to Texas and to the Gulf of America. So, uh incredible, uh opportunities going there. Now, um for those of you in Canada, our thoughts and prayers are with you. whatever choices that you make uh know that the uh we love you and uh we want the best for you uh what you choose. Uh as we move to the UK there's a been a variety of developments that happened boy goodness over the last few days as the um Labor Party got decimated in the UK. Uh and I'm going to let I'm going let you watch this uh little video put together here. Of course, Reform UK posted this. They said, "We tried to warn you, Kier Starmer." Uh, but uh, take a look at this video.

[00:59:57]>> We will teach Star a lesson next May that British political history will never forget. Don't underestimate that.

[01:00:04]>> A dark day for Labor.

[01:00:06]>> Reform up by an extraordinary rate.

[01:00:08]Labor down.

[01:00:09]>> All 12 seats were taken by reform.

[01:00:12]>> The party swept up council seats across England.

[01:00:15]>> Nigel Farage is going to be the next prime minister. And not only are they winning, they're winning by quite significant huge margins.

[01:00:21]>> Labor wiped out, the PM clinging on and reforms surging all across the nation.

[01:00:28]So, uh, major things going on there.

[01:00:31]There's now calls for Starmer to resign.

[01:00:35]And that is uh leading us into our our closing slide for today which is we always try to show a little bit of humor and and uh so the meme for today is of K Star. Let's move to this. Uh as you can see there here he is holding on to the building and the people are trying to drag him away. Alex Armstrong posted this. He says it really does seem this AI meme posted months ago has now become a reality. Uh, take a look.

[01:01:12]So, Kier Starmer is in trouble. Some say he might resign by the end of the week.

[01:01:18]We'll have to see if the pressure is hot enough for him, whether he's going to do that. Donald Trump doesn't seem to be much of a fan of this particular prime minister. He's uh not been supportive of Iran. He's done all the wrong things policy-wise for energy uh for the people of UK. And uh I think it would be interesting if you had someone like uh Nigel Faraj who would probably open up the North Sea for oil drilling and change the entire energy situation for the country. It could be fairly fascinating to see that. So that concludes today's uh uh program.

[01:01:54]ceasefire is on life support uh with Iran. We will see what happens over the next 48 hours. We will be reporting again on Thursday uh to see if they can either come to an agreement or if we're going to restart military operations uh within Iran. Uh the it's uh it's really fascinating what we're seeing with the UAE already engaging with boots on the ground in the country. They're fed up. They're tired of uh this kind of bullying uh being done by the country and uh I could see other nations perhaps even joining this saying you know what we've had enough we're we're not going to continue this. So uh amazing things transpiring here. I hope this uh little update has been helpful for all of you.

[01:02:40]That's why we do it. Uh we want you to see that progress is being made toward the great reset where we get our money and our government and our politics and our education and our medical and everything back. We get our choices back. And that's what we need is to uh liberate the captives. Most of us were born into captivity and now we're watching this great momentous event where we get to be liberated out of out of that. I realize that can be challenging. Some of you it might be challenging learning how to to live independently without the shroud of captivity. But it is uh necessary for our growth as a people as a global community around the world. Uh thank you all for being with us tonight. As you can see on the screen here, um you can book a consulting appointment with me.

[01:03:35]Uh I have uh some limited times on the schedule. You'll have to go to our website to see if there's an available time for you. I wish I had more time that I could meet with uh all of you.

[01:03:48]it's just simply uh not possible. But there so if you want to take a look there and see u if we need to discuss projects uh maybe structuring how you're getting yourself set up as humanitarian to bless the world there's a lot of things that we could perhaps help you with and we're happy to do so. So I hope this has been helpful for you today. We we love you. We appreciate all of you around the world, your support and the things that you are doing in your own communities to make a difference to lift where you stand to bless the people around you. Keep that up. Keep doing that each and every day. You'll be blessed. The people around you will be blessed and we get to rejoice in that together. So from all of us here at Ian Global Services, you have a wonderful evening. We'll catch you in a couple of days. Thanks everybody. All right. Bye bye.