"U.S Economy could Implode..." Col. Douglas Macgregor (Retd.)

Added: 2026-06-04

[00:00:00]strategic petroleum reserves and gas prices in America. I mean, the fact that this I mean, they're probably a crisis level will reach by July over here and gas is also at an all-time high.

[00:00:12]Inflation is at an all-time high in America. I read report a report that it's at it's at a 3-year high as well.

[00:00:18]So, that's one aspect they're talking about. The second aspect is about President Trump's base, which is Netanyahu and the allied support services that he has in Fox News and and everywhere else. Now, this is a this is a very difficult sort of choice that President Trump has to make. Does he pander to the base and then go ahead with a shooting war or does he actually listen look at the numbers that are staring him with the economy and the midterms coming over here as well. What decision does he take? Like you said, he's trapped, but I would like you to expand on this.

[00:00:49]>> Well, you pointed you I think pointed out earlier. Maybe not. Maybe I'm I'm confusing this because there's so much information coming in right now, but President Trump very recently said, "I don't care about the midterms.

[00:01:02]>> Yeah.

[00:01:02]>> I'll deal with the midterms whenever they come come up, you know, I'm just I'm not going to focus on those." I think he's quite serious.

[00:01:09]Uh th- this is a much bigger issue for him than the midterms. This is his presidency right now.

[00:01:15]Uh secondly, you mentioned inflation.

[00:01:18]Yes, you're right. Inflation jumped in April from 3.2% to 3.8%.

[00:01:24]Yesterday, I was looking at some projections and there are some projections that say that by the end of July, beginning of August, it could be 5 or 6%.

[00:01:34]Now, when you begin to reach those levels, the normal response is to raise interest rates in order to suppress inflation.

[00:01:43]But, he can't do that.

[00:01:45]>> The narrative has changed.

[00:01:46]>> Yeah, if he raises interest rates, our economy will probably implode.

[00:01:51]>> Yeah, no no no expenditure.

[00:01:53]>> Exactly. The whole financial system goes under.

[00:01:57]So, what are you asking him to do?

[00:01:58]You're asking him instead is to come to terms with reality.

[00:02:03]Look, this was a bad idea.

[00:02:05]We didn't know what we were doing when we attacked Iran. All right? Sometimes I compare this to you know, the attack on the Soviet Union in 1941.

[00:02:16]Where you had people, senior officers in the German military, General Staff was saying, "Whatever you do, don't attack the Soviet Union.

[00:02:24]It's too big.

[00:02:26]It's a thousand miles from us. It's a thousand plus miles across. They have too many people. This will drag on.

[00:02:33]There's nothing there that we absolutely need. Don't do this." We all know the rest of the story. He went ahead and did it. He grossly underestimated what he was up against.

[00:02:42]That's kind of what we've done. We've done the same thing, and now we're stuck.

[00:02:47]But, he is not capable of saying, "You know, this was a mistake." He can't do that publicly. Uh it's humiliating for him. It's humiliating for him. It's humiliating for the American people, and he knows he'll be punished for this at the polls. He might even be impeached as a result. He could be removed through the 25th Amendment.

[00:03:07]So, under those circumstances, what do you do? You say, "Well, [clears throat] I'm already on the Titanic. I've already struck the iceberg.

[00:03:14]Uh I'm on the bridge, and we're headed down.

[00:03:18]I can't really get off without admitting I took a wrong turn.

[00:03:23]So, I may ride this to the bottom. Or perhaps miraculously I can save myself.

[00:03:29]What would the miracle constitute?

[00:03:32]I think the miracle is this time we got all the targets right. We hit all the right places in Iran.

[00:03:39]Uh we we've done it enough with greater intensity. This time it will work. Yeah, I I'm simply pointing out that these are the kinds of things that go through people's minds in this position. Because the last thing they want to do is say, "That's it. Stop. I'm out. Made a mistake.

[00:03:56]We're backing off."

[00:03:58]Uh even though that is the logical thing to do, but there is no rationality to this, and this is the most important point.

[00:04:06]This war that we've involved ourselves in, you know, how did it start? Why are we in it?

[00:04:12]What is the American interest in the Persian Gulf?

[00:04:15]Well, strategically, we had one interest in the Persian Gulf before this war began.

[00:04:22]And that was to keep things moving in and out of the Gulf. That's all.

[00:04:27]We didn't have any other interest. That was it.

[00:04:29]>> Yeah.

[00:04:31]>> What is our interest now?

[00:04:33]To restart movement of goods and services and commerce into and out of the Gulf.

[00:04:39]That's it.

[00:04:42]But what are we doing? We're fighting a war for Israel.

[00:04:46]And Israel's strategic interest, the interest of international Jewish finance, centered in New York City and Washington D.C. and London, which is really the the metaphor for Israel, because it's not just a few million people in Israel. This is a much larger issue. This is about domination of the global financial system. So, it it's the opportunity of of a millennium for them to dominate everything. It's also an opportunity to lose everything.

[00:05:16]Right now, they're poised to potentially lose everything.

[00:05:20]And Trump doesn't want to be the cause of that loss, because he too is bound up with this.

[00:05:26]Look at the enormous amounts of money that he and his family have made over the last year plus.

[00:05:33]It's just It's mind-boggling.

[00:05:35]If you go back to the first term when he was in office, he lost money.

[00:05:39]>> Yeah.

[00:05:40]>> For 4 years.

[00:05:42]This time, he's tripled, quadrupled his wealth in no time.

[00:05:48]Now, how did that happen? Well, look at the billionaires that dominate the financial markets. These are the people that want war. They don't just want war with Iran on the basis of Israeli interest. They also want to destroy Russia.

[00:06:01]The same people that want to destroy Russia, to strip it of its resources, to fragment it, divide it, they're also behind the destruction of Iran. They want to divide it. They want to strip it of its resources. They want control of its oil and gas. So, it's the same group.

[00:06:20]They're running the show. President Trump is beholden to them. If it were not for their influence and money, he would not now be president of the United States.

[00:06:30]So, when you ask the very legitimate question, "Okay, Doug, what's this mean? What do you What do you think he does?"

[00:06:38]I don't think he withdraws.

[00:06:40]I think he'll sign it. Yeah. I think he'll have to go back to a shooting war. Now, he could sign this memorandum if Netanyahu tells him to sign it, but then again, how much How much value has it got? There's no evidence that Netanyahu's going to stop doing whatever Netanyahu wants to do.

[00:07:00]He's the free agent, not Donald Trump.

[00:07:03]But Donald Trump could possibly sign it, but the Iranians aren't fools.

[00:07:07]They know exactly what you and I are discussing. So, they're asking, "All right, so Donald Trump signs this. What evidence is there that we can trust this man to do anything he says?"

[00:07:18]And one of the things that he's supposedly going to do is rein in Israel.

[00:07:24]And that's the last thing that he's capable of doing.

[00:07:27]So, then you're back to square one. We restart the war, and we hope for a better outcome.

[00:07:34]>> [music]